lol @ "buying and holding is the best strategy"

empoweoqwj

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Quote from: ajax3592 on December 17, 2013, 05:27:14 PM

The only people that get burnt are those that buy high and sell low. They lose faith when it is on a down swing.

This has happened time and time again as it grows. It's not 1 or 2 times, it's literally thousands.

You are right. But unfortunately noobs tend to do exactly that, buy high (i.e. join the crowd when the value is racing up), and sell low (i.e. panic sell). Trading is not as easy at it looks.

ajax3592

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The only people that get burnt are those that buy high and sell low. They lose faith when it is on a down swing.

This has happened time and time again as it grows. It's not 1 or 2 times, it's literally thousands.

pontiacg5

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I've sold a few BTC in the last 5 days, all locally, and I was lucky enough to talk with these guys for much more than 6 confirms.

I can say with a certainty that those 2 BTC or so are in strong hands. I don't care that I sold @ 900, 870, and 700, plus a few in the middle, It's all pure profit for me since I use the buy and hold strategy, only in those coins for $70ea. Buy and hold fails, you say?

LTC replenishes my BTC stash, and it does so exceptionally well still.

Fools rush in and make us money, fools rush out and lay the table for the rush to make us more money. Round and around we go, over and over.

empoweoqwj

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Quote from: ?? on ??

Buy & Hold works really well in a bull market. But not so well in a bear market.

Shorting works particularly well in a bear market

gentlemand

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Welt Am Draht

Well if I'd taken the plunge when I thought things were about to change radically then I'd probably have leveled out at the number of coins I have now. I would've won big and lost big.

There's the tale of the Hollywood exec who maintained that if he'd greenlighted all the films he'd rejected and vice versa he would've ended up pretty much in the exact same position.

If you're sharp enough to ride the waves then you have my admiration. I'll sit back and play the long game.

Bobsurplus

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Making money since I was in the womb! @emc2whale

Its paid off for me. I mean I've dabbled in day trading a small bit, but for the most part I've been holding and doing VERY well if you ask me!

empoweoqwj

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Nothing wrong with buying and hold if you believe in bitcoin as a long-term investment.

The facts back it up. It was $10 to $20 a year ago.

Of course with the volatility you can make more with trading, but you can also lose a lot more. Most people are not good traders, however much they think they are.

But everyone needs an exit strategy, even long-term investors.

piramida

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Borsche

Bitcoin is not a specific stock; it may be compared to the overall bubble of tech stocks in the 90s, sure, but we are way past that - that was bitcoin bubble of 2011, when people overinvested before the technology was ready. Now, bitcoin is more like tech/internet stocks in 2004. Starting to become useful, and price growing due to all the potential. So yeah, for google in 2004 buy and hold may be a very nice damn strategy, if you have the balls to ignore minor dips along the way. The tech is solid, the future is bright.

Miz4r

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Quote from: SuperHakka on December 17, 2013, 10:24:08 AM

Quote from: Miz4r on December 17, 2013, 10:01:14 AM

Quote from: SuperHakka on December 17, 2013, 09:02:26 AM

dudes, I is survivor from tech stock bubble of late 90's. I was reading sites like Motley Fool who were saying that Buy and Hold was the only strategy to go. What a fucking disaster! Now I know that buy and hold is a very weak strategy, mainly being that there is no clearly defined exit plan and no idea of time horizons either. do not listen to buy and hold spouters, they talking out their anus.

Bitcoin is not a stock. Also buy and hold doesn't mean you don't have any plan of taking profits at all. If I had listened to trolls like you back in April I would never be in the position I am now. If you think Bitcoin is a promising technology then it doesn't really matter when you buy. So many people in bitcoin are constantly flip flopping between being a day trader one day and a long term investor the next, without realizing that their horizons and strategies are completely different. You can do a little bit of both ofcourse, but at least seperate the two with a clearly defined plan or you'll make a mess of things.

dude, bitcoin may be a stock but its price is driven by the same factors as that drives all others like stocks, namely DEMAND and SUPPLY. there is only one thing that separates a winner from a loser in the game of making money, that is RISK CONTROL which encompasses CAPITAL CONTROL haar haar

btw dude, don't call anybody who disagrees with you a troll.you end up with head in sand that way. a troll is somebody who posts to cause offence and argument because he enjoys people getting riled up. i just say things as i see them. I have said before I am a bear until price drops to $100 then I am a bull again. what is trollish about that?

I called you a troll because you were claiming that those who advocate a buy and hold strategy are talking out of their ass. Maybe you don't really understand what buy and hold and long term investing means, but it surely is not buy and hold until forever without a plan. I am a 'buy and holder' myself and have already taken out my initial investment, so the only risk I'm taking right now is losing my profits. As a long term investor I'm not interested in short term fluctuations in price like we see now, why should I want to give my money and bitcoins away to the pro traders and manipulators out there? It's just not worth the time and stress, most people will lose money to the better traders out there so that's why I think a buy and hold strategy is simply better for most.

Good luck btw waiting for $100, I will quote this post again next year to see how that worked out for you. Wink

SuperHakka

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Quote from: Miz4r on December 17, 2013, 10:01:14 AM

Quote from: SuperHakka on December 17, 2013, 09:02:26 AM

dudes, I is survivor from tech stock bubble of late 90's. I was reading sites like Motley Fool who were saying that Buy and Hold was the only strategy to go. What a fucking disaster! Now I know that buy and hold is a very weak strategy, mainly being that there is no clearly defined exit plan and no idea of time horizons either. do not listen to buy and hold spouters, they talking out their anus.

Bitcoin is not a stock. Also buy and hold doesn't mean you don't have any plan of taking profits at all. If I had listened to trolls like you back in April I would never be in the position I am now. If you think Bitcoin is a promising technology then it doesn't really matter when you buy. So many people in bitcoin are constantly flip flopping between being a day trader one day and a long term investor the next, without realizing that their horizons and strategies are completely different. You can do a little bit of both ofcourse, but at least seperate the two with a clearly defined plan or you'll make a mess of things.

dude, bitcoin may be a stock but its price is driven by the same factors as that drives all others like stocks, namely DEMAND and SUPPLY. there is only one thing that separates a winner from a loser in the game of making money, that is RISK CONTROL which encompasses CAPITAL CONTROL haar haar

btw dude, don't call anybody who disagrees with you a troll.you end up with head in sand that way. a troll is somebody who posts to cause offence and argument because he enjoys people getting riled up. i just say things as i see them. I have said before I am a bear until price drops to $100 then I am a bull again. what is trollish about that?

young3dvard

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Quote from: piramida on December 17, 2013, 02:14:48 AM

Quote from: adamstgBit on December 17, 2013, 12:50:04 AM

Quote from: ardana123 on December 16, 2013, 08:49:17 PM

lol @ "buying and holding is the best strategy"
Some people are gonna get fucked so badly in the coming days/weeks.

LMAO!

ya YOU will!

Yep he envisions his destiny

All the stoopid impatient children who will get out now, I pity them. And then the next wave of them will come, at high four digits, as they always do. They will say "man, I wish I was here when coins were three digits" but then they will sell all on the first dip

Bitcoin can't make everyone rich though, and that's fine with me that cowards don't profit.

I thought about it and the crashes helping distribute the coins more evenly. There will be many crashes when Bitcoin rises to 5 digit values in the next years this Im sure

Miz4r

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Quote from: SuperHakka on December 17, 2013, 09:02:26 AM

dudes, I is survivor from tech stock bubble of late 90's. I was reading sites like Motley Fool who were saying that Buy and Hold was the only strategy to go. What a fucking disaster! Now I know that buy and hold is a very weak strategy, mainly being that there is no clearly defined exit plan and no idea of time horizons either. do not listen to buy and hold spouters, they talking out their anus.

Bitcoin is not a stock. Also buy and hold doesn't mean you don't have any plan of taking profits at all. If I had listened to trolls like you back in April I would never be in the position I am now. If you think Bitcoin is a promising technology then it doesn't really matter when you buy. So many people in bitcoin are constantly flip flopping between being a day trader one day and a long term investor the next, without realizing that their horizons and strategies are completely different. You can do a little bit of both ofcourse, but at least seperate the two with a clearly defined plan or you'll make a mess of things.

SuperHakka

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Quote from: WompRat on December 17, 2013, 09:55:10 AM

Quote from: SuperHakka on December 17, 2013, 09:02:26 AM

dudes, I is survivor from tech stock bubble of late 90's. I was reading sites like Motley Fool who were saying that Buy and Hold was the only strategy to go. What a fucking disaster! Now I know that buy and hold is a very weak strategy, mainly being that there is no clearly defined exit plan and no idea of time horizons either. do not listen to buy and hold spouters, they talking out their anus.

You would have been very lucky if you cashed out of the tech bubble at the top. Very few professionals managed it and many saw devastating losses, but at the same time, if you were playing the long game and investing gradually, you would have bought at the top, but also bought at the bottom. To take one example, ARM shares peaked at about £1000 in 2001 and dropped all the way to about £50. It took 12 years, but they topped £1000 again this year and reached a new high. You could have been investing in a tech fund that took advantage of that growth and the growth of Google, Amazon, Apple and others, compounding interest for the last 10 years, or you could have sold at a loss, licked your wounds and tried something else, but that's always the choice.

I welcome any links to empirical studies that show that there is a better strategy for a long term investor than 'buy and hold'. I try to keep an open mind, but prefer an evidence based investment strategy.

fuck me I bought ARM shares back in 1998 but fed up and sold them 2 years ago.

WompRat

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Quote from: SuperHakka on December 17, 2013, 09:02:26 AM

dudes, I is survivor from tech stock bubble of late 90's. I was reading sites like Motley Fool who were saying that Buy and Hold was the only strategy to go. What a fucking disaster! Now I know that buy and hold is a very weak strategy, mainly being that there is no clearly defined exit plan and no idea of time horizons either. do not listen to buy and hold spouters, they talking out their anus.

You would have been very lucky if you cashed out of the tech bubble at the top. Very few professionals managed it and many saw devastating losses, but at the same time, if you were playing the long game and investing gradually, you would have bought at the top, but also bought at the bottom. To take one example, ARM shares peaked at about £1000 in 2001 and dropped all the way to about £50. It took 12 years, but they topped £1000 again this year and reached a new high. You could have been investing in a tech fund that took advantage of that growth and the growth of Google, Amazon, Apple and others, compounding interest for the last 10 years, or you could have sold at a loss, licked your wounds and tried something else, but that's always the choice.

I welcome any links to empirical studies that show that there is a better strategy for a long term investor than 'buy and hold'. I try to keep an open mind, but prefer an evidence based investment strategy.

BitchicksHusband

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Weeks? Weeks takes us into January. I expect a new ATH in January. We'll see about weeks.

ajax3592

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OP wants cheap coins, giving a shot at creating panic to bring levels below $400 where he sold his coins..hehe

BitchicksHusband

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Quote from: EuroTrash on December 17, 2013, 04:26:13 AM

Quote from: ardana123 on December 16, 2013, 08:49:17 PM

Some people are gonna get fucked so badly in the coming days/weeks.

A true long time holder buys a Lambo when he's sad.

And not even for himself, but for his girlfriend.

Qbeczeq

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Quote from: ardana123 on December 16, 2013, 08:49:17 PM

Some people are gonna get fucked so badly in the coming days/weeks.

Who believe that high price will not back? Demand on BTC still will take some time.

panck4beer

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So far buying even at ATH was very profitable after 1 year. Now we have 1/2 price of ATH, so buying now is definitively the way to go

Salivan

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Quote from: tutkarz on December 17, 2013, 08:49:11 AM

I know two things. So far none of those bubbles we saw were identical. This one will be different too. And I hope people didn't expected, they will become rich by investing in bitcoins that easy. You have to hold through this bubbles like early adopters did. Don't listen to trolls.

+1
BTC money apear very easy for people who invested nothing or near to nothing, They keep saying how fortunate I was ( When I expain that I enter market when price was considered very high, they don't get it).

There is only one difference between us, I simply believe in system and this is hardest part for people to digest. I remember my path from disbelief to fascination. Now bitcoin is a part of my life.
Definitely I will be here to the very end good or bad

Quote from: SuperHakka on December 17, 2013, 09:02:26 AM

dudes, I is survivor from tech stock bubble of late 90's. I was reading sites like Motley Fool who were saying that Buy and Hold was the only strategy to go. What a fucking disaster! Now I know that buy and hold is a very weak strategy, mainly being that there is no clearly defined exit plan and no idea of time horizons either. do not listen to buy and hold spouters, they talking out their anus.

buy and hold dosn't necesserly imply that you can't secure part of your profit
It imply that you do not try to desperetly find peaks and bottoms adding to volatily of the market
I consider myself buy and hold albait I have some play money and I alredy get some of my fiat profits
I will never transfer all my btc to fiat, if anything I will trade them for another crypto, this make my buy and hold

Topic: lol @ "buying and holding is the best strategy" (Read 4176 times)