lol @ "buying and holding is the best strategy" - page 3.

OleOle

hero member

Activity: 532

Merit: 500

Are you like these guys?

Quote from: ardana123 on December 16, 2013, 09:49:17 PM

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

Yeah, it will be great. I'm looking forward to buying some cheaper coins. Might have to wash the blood off some of them as some people have been slaughtered by the falling price.

Muahahahahaha!!!!!!!!!!!!

Cheesy

JayB

newbie

Activity: 42

Merit: 0

Quote from: Ibian on December 16, 2013, 09:54:23 PM

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

Do you even know what you're talking about?

Did you actually try to analyze every possible strategy that could've been done and came up with the conclusion that what you just claimed is true or are you just talking nonsense?

Maybe you should consider buying some brains with whatever you have left of your Bitcoins before its value goes down even further

Impaler

sr. member

Activity: 826

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

When Hash rates peak and show a decline THAT is your unambiguous signal to GTFO, you will likely have already lost your shirt but a peak in hashing is the signal that mining has hit the wall in profitability and miners are consuming as much electricity as they are earning from mining, that means consistent daily selling pressure of 3600 coins per day which will do to prices what you see in Blitz's graph.

Now their will still a long way from seeing mining profitability fully squeezed out, at least on the ongoing electricity costs, but I suspect we will be getting close to the 'can never repay hardware costs' point fairly soon and that will hugely slow the growth in hash rates.

N12

donator

Activity: 1610

Merit: 1010

Quote from: pbody on December 16, 2013, 10:21:32 PM

Its different now.

No.

traderCJ

sr. member

Activity: 280

Merit: 250

Quote from: pbody on December 16, 2013, 10:21:32 PM

Its a different animal now. Many people just learned about bitcoin. No way its going to drop 94% in the next year. 2014 is going to be an interesting year as there are many people jumping in on the game. New currencies take time to develop and gain traction. Nothing is even close to bitcoin now, its been getting major publicity worldwide. Pretty much everyone has heard of it as this point. Whether they know what it is or not. It will get back up there pretty fast after it falls. Someone just bought a 7m dollar house in Vegas with bitcoin. Its being used...

I believe once China gets priced out of the system and the new year hits, Bitcoin will fare quite well.

pbody

full member

Activity: 198

Merit: 100

Its a different animal now. Many people just learned about bitcoin. No way its going to drop 94% in the next year. 2014 is going to be an interesting year as there are many people jumping in on the game. New currencies take time to develop and gain traction. Nothing is even close to bitcoin now, its been getting major publicity worldwide. Pretty much everyone has heard of it as this point. Whether they know what it is or not. It will get back up there pretty fast after it falls. Someone just bought a 7m dollar house in Vegas with bitcoin. Its being used...

quone17

full member

Activity: 224

Merit: 104

I think if you are interested in bitcoin it would be fine to dollar cost average into it. But don't buy a huge bulk of it here as it could go a lot lower.

T.Stuart

hero member

Activity: 644

Merit: 500

One Token to Move Anything Anywhere

Quote from: N12 on December 16, 2013, 09:56:18 PM

Quote from: Ibian on December 16, 2013, 09:54:23 PM

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

Holding 6 months from 32 in June 2011 gave you a ROI of -94%.

Things have sped up a bit though

Oldminer

legendary

Activity: 1022

Merit: 1001

If you mined 10,000 BTC back in 2009 & held until now you would be a multi-millionaire. Wait..some are..lol

N12

donator

Activity: 1610

Merit: 1010

Quote from: Ibian on December 16, 2013, 09:54:23 PM

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

Holding 6 months from 32 in June 2011 gave you a ROI of -94%.

Ibian

legendary

Activity: 2268

Merit: 1278

Good for you if you made a profit playing the market. But most people who do that lose. Holding over 6 months or more is as safe a strategy as they come, and gives better ROI than anything else currently available.

ardana123

hero member

Activity: 504

Merit: 500

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

Topic: lol @ "buying and holding is the best strategy" - page 3. (Read 4123 times)