Topic: I'm buying and HODLING!!! (Read 1475 times)

Yet your account only started in Sept 2014?

Does that mean you're admitting to being Faiiiiiling?

 

Uh, fiat has a market cap a trillion times larger than the shitty Bitcoin cap (which has been falling consistently for more than a year straight), so I'd say fiat triumphed a long time ago. Bitcoin is so insignificant no one in the real world even cares about it. If they've heard about it, they only associate it with negative things.

Weren't you advising people to sell at 2 dollars in 2011 rather than hold?

That is a rhetorical question of course. You were parroting the same garbage then, though the price has risen 140x since that point, even at the depths of the bear market we find ourselves in.

do not listen other's suggestion ever. stand by your own whatever it cause.

watch latest updates and act by your own...

Denial is a strong coping mechanism

love all the bulltards whistling in the dark. I have warned you all for almost a year now that this exact scenario would play out, and you called me a troll and insisted we'd be at $10,000 by now. but let's forget about all that and pretend that everything is A OK. There, there.

I paid $800, $700, and even $1k for some of my coins. I've mined most the rest. And of course bought some low. But I'm not freaking out. I'm hodling. It's all cool.

The day will come when I can buy stuff with my bitcoin like groceries and bills. That will be a happy day when banks will no longer be necessary nor credit cards. And when that day comes the bitcoin I have will be worth a whole lot more and I won't have to buy at extremely high prices, regretting that I sold when it was at an all-time low.

So yeah. It's all cool.

2014 has certainly been pretty bearish but I'm hoping there will be a reversal soon.

I suspect those early adopters already cashed out.  The vocal bulltards saying HODL and cheap coins are ones with underwater positions desperate to break even.  They even might be early adopters who sold too soon and kept buying.  If you had a profit once you tend to believe it'll happen again.  People usually don't think they got lucky and attribute it to some wisdom.  If you wait too long to cut losses you allow the losses to get too big, then you become fearful of taking the loss.  That's how bag holders are born. 

The problem is because you have many people who paid close to nothing for their bitcoins.  If you take the rise from $13 and up, bitcoins were very cheap for the longest time, many people have loads and loads of cheap bitcoins.

What you have now is these people convincing other people to buy and hold so they can hopefully cash out at higher prices. It is really sad but it is money after all, everybody is doing what benefits them even though it is a bad investment coming in at these high prices which are sill very unsustainable as it continues to prove.

There is really no convincing reason why bitcoin should go higher. I guess many peoples real hope was to get an ETF to get the unsophisticated public to buy into it but it seems the SEC obviously knows it is a scam and isn't going to subject the general public to what looks to be a Ponzi scheme, and also for the fact that bitcoin is inherently insecure and everybody who invests in the ETF can lose their money form just a single person having the correct keys. Look at Mt Gox.

You would think that the steady slow drop in price would smarted people up but I guess not, everybody wants to make easy money. Money is not easy to make and buying into bitcoins at this point is a very bad decision as it has already run its course and it's not going to make people rich again.

I'm surprised too that people here hold positions or add to losing position when trend is clearly bearish.  If it was easy to short I'd be short scalping every pop.

Also, I can't believe people put real money in a meme like HODL.  Cut your losses and ride your winners.  Only way to make money trading

A lot of the guys saying to hold and wait it out are probably people who paid very little for the bitcoins and therefore can hold and have an incentive for you to hold.

If you paid more than $300 for a bitcoin and continue to watch your investment take losses is far more difficult.

The way I would look at it from an investment standpoint is anybody really convincing me why it should go higher? Why did it get so high in the first place? Why did it take off and go mainstream when it hit $1000 and was in the news every day?

Loss minimizing is also a very important part of investing. If you are taking losses then you should cut them.

In my opinion bitcoin will rise a little from here before the next leg down to $200. But that is just my speculation opinion of course.




 

I have observed the panic that this fall has generated. as already mentioned (see  first post of this topic) now
see the panic and people posting to sell, sell, sell ...

is certainly not the time to sell, but to buy. I have no doubt that bitcoin will recover.

you are the real knight, besides, nothing

Nice little rebound off the low and back to where we were at day break. Nobody knows if it will hold but I bought another token coin at one of the base points for support purposes and will likely do that if this happens again. Still have a decent amount of fiat to catch another knife and/or buy up the latter when things take off at some point down the line. That's the wonderful thing about only buying what you can afford to have devalued. This way, you're never in a position to have to sell nor feel much despair. If this is your first time to the rodeo, play things smart and take note that these are epic buying opportunities in this range.

buy when it's cheap of course , but Don't risk more than you can afford to lose.
Good luck

Yeah, nobody knows for certain. But fact is that since there is limited amounts of bitcoin, the more it is adopted and the less that there is to go around, will necessitate the value going up.

Ignoring the price comparison, everything is falling into place on schedule for mass adoption. Once that mass adoption begins, the fun begins.

Nobody knows for sure. If the trend holds, then 600 this year is certain, if it does not, nobody knows when the next wave of adoption will start. It will happen though, with more and more services available online and hacking appearing in everyday news credit cards and other insecure forms of payment will gradually disappear from online, replaced by the only secure way to pay - cryptocurrency.

But one thing is certain - bitcoin was never intended to be completed in 5 years. It is, at best, a 10-20 year project to implement fully. Before it is widespread, early adopters will have to live through many more cycles like this one and the ones before it. If you really are into it, you just hodl. Let speculators take the short-term risks.

well said. i accept that.

Bitcoin price is $630 in last year march then it started down & hanging in $450, $400, $350, $300 and now in $260. prices are never up to $630 again in last 9 months.

long term means 2-3 years of holding bitcoin to reach $600 again?

just curious to know the answer from experienced bitcoiner's.

Exactly OP, to everybody panicking on here - if they think bitcoin has long-lasting value, they should buy and not be scared of some little manipulation. If they don't think bitcoin has long-lasting value, they should sell all they have left and go somewhere else, it's that simple.

Problem is, most of the trolls here really want to get rich but have no fiat for that, so they choose the destructive behavior of whoring in on every little drop, hoping the price will get low enough that they will be able to gather their wits together and buy some to get rich later. What they don't understand is that unless you really believe in the future of bitcoin, you won't hold on through any of bitcoin's price actions, which can be very severe. So they really should just go away, to save themselves whatever little fiat they have And reduce the amount of rubbish on here.

As for the people who understand what they are into, hold on tight, we're on a rollercoaster of our life