Topic: INVEST BITCOIN!!! - page 15. (Read 25070 times)

Hahah, definitely not an "invisible hand" kind of thing, but that's pretty funny.

What kind of inside information? There's no "news" to be on the inside of for any of these coins. This is just price manipulation. If create PossumCoin I can do whatever I want to the price to satisfy whatever motive I want. It's definitely a shitty move on my part, and not likely to lead to PossumCoin success but criminal activity is always possible.

The only guaranteed way to get a return is to invest in yourself.

The best way I believe to invest your BTC would be to think of a way to encourage more use of BTC
For example;

Split you BTC in to 2 groups, one to invest and another to mature, the amounts are up to you but you may set it 20/80

If you had a coffee shop and every coffee you sold came with a small BTC cashback to the customer's mobile wallet or whatever (some customers are going to turn down the offer so you keep their cashback).

As well as accepting fiat obviously accept BTC as well. over time the returning customers will gain enough cashback to buy a coffee outright, or discount at least, if they do not usually deal with BTC in any other way, alternatively they could use it with other BTC friendly vendors. Also in the meantime some BTC holders may want to actually spend some of their BTC in your shop instead of just sitting on it waiting for something to happen.

It works as a basic loyalty system but over time more vendors of products and services are going to accept BTC, more buy volume on exchanges means prices go up to meet demand.

the BTC price may settle at an amount that you might want to sell your long term stash at or that same stash may become totally useable and with the inflation of BTC value you could buy a new house with it(maybe not?)

More use = more value! (-in fiat, in the short term)

BTC gains value by usage, it is not an asset at all, it is a way of trading value securely without centralised banks

Where it looks like an asset is, in the early years of the transition from fiat to BTC, going to show up the ones who sat on their coins and sold them for fiat

But if the whole world accepted BTC what are you going to sell it for?

As it becomes accepted down supply roots i.e. ; coffee shop owner sells you cups of coffee for BTC because they can buy beans for BTC because the bean farmers can buy fertiliser and tools and pay workers in BTC and the workers can buy food and pay rent with BTC. I'm missing out a few steps but you get the idea.

With any luck in some years we may be able to leave this fiat shite way behind us... 

Oh I missed your point there. Thought you're saying to do that alone--as in literally.

The "punishment" you might receive is the regret of not acting fast enough to take advantage of the situation. It's hard to sleep at night thinking that you've let a big opportunity slip right out of your hands by not doing anything.

What I was referring to was that after the news breaks and you didn't act on it, you will get "punished" by not acting on the info.

100 bitcoins? Well you must be heavily invested by now! First thing is that never entrust anyone with your money (if this story is true). Entrust your money with only yourself. Don't get too much excited about growing it because it is one of the reasons why people end up getting burned and losing their money. Just wait and don't bother too much, though we are talking about almost $30,000 in here.

EDIT: where is that guy?

But apparently you cannot accomplish insider trading without some "inside information". You could rely on their information and on the other hand, you will do the trading and you will each get some profits.

Yes and if you are arguing from a gametheoretical point of view, (like prisoners dilemma) you can even say that it is better if you do it yourself. Because if you are not doing it, someone else will and he might fuck you over even harder.

You have some control over the markets, makes you feel powerful, and generate you a good sum of profit in the end. It's a win-win kind of thing if you do insider trading. 

There is no obligation whatsoever to not do it. You actually make the markets more efficient by doing it. "invisible hand" kind of thing

And because of that, some people who have some solid connections to the exchanges do this, generating themselves huge profits. I would admit that if I have that some kind of connection, I would sometimes do it for the sake of profit. Not being greedy or evil, but just being practical.

Insider trading might be immoral but it is definately not illegal in all markets. Bitcoin and altcoin markets are not regulated and can thus not be under normal regulation regarding insider trading.

regardless if its immoral or not, people do it lol

its called capitalism and those who can get away with it will do it over again.

The best place to invest bitcoin is to convert it to fiat and hop on a stock exchange. Drop it in an oil ETF or Vanguard and just watch your slow profits roll in.

Sorry, but you are dead wrong.

http://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=AUD

Please don't say "reading charts is not so hard" if you fail to do so yourself

Insider trading is illegal and immoral, but it's probably the best way to generate a huge profit with minimal risk, if the guy you're talking to is a person you know and trust. Probably the best option to go for if you're trading altcoins etc., as there's lots of people on the dark net who can provide those kind of information.

I'll vote for Bitfinex. It's got a huge trading volume and allows things like margin trading. If you're good at what you do, it's a solid platform.

There are also some platforms for futures trading, but I'm not well-versed enough in that to give recommendations.

Indeed. Trading is safer. Anyone can recommend some decent trading platform?

Thanks.

what you are saying is true when we are at a price bubble. it is the scenario of a while back when the price was high. now that it is in a big decline it is bound to go up.

Price swings happen obviously with a new currency like Bitcoin.  Goes up, goes down, goes sideways.  Sure, you can day trade, or gamble, or cloud mine, etc.  All 3 of those are waaaaayy riskier than just holding though.  You can literally lose your entire stash doing that as opposed to sitting on BTC and just let it grow organically.

Diversification not really an option.  I mean what else would you invest in, Ripple, Darkcoin, or Litecoin?

This is what the most recent Altcoin developer conference had to say about that:

https://www.youtube.com/watch?v=cIasr2AiyZ0

HODLING BTC is the safest, and really, the no brainer option.

It would have been a completely different scenario if the coins dropped in value. Hodling is nice, I get the point, but it's not that bad to diversify your possible source of income because if one fails to get you profit, there are always other option that you can choose from and rely on.