Topic: My 2 year old sons most recent projections (Read 3090 times)

Sometimes writing PUT options can be seen as a win-win situation.

i.e. if the option wouldn't be redeemed, I would have gotten the premium in exchange of locking my money, while if it got redeemed, I basically would have bought cheap shares at a price slightly higher than the market (which is obviously worse than buying it at the market price, but if you made some figures you might decide it didn't matter really).

Hold it with you ,if you really want to get return ,you can invest your BTC on its stock market.  BTCT.CO and BITFUNDER.com
You can always create win-wins if you doing this way .
In facts ,I am hold my coins as well, I do not want create volatility and thus stop people to adopting it.
 

No thanks... I'm personally only interested in win-wins.

Sell high and rebuy low, e.g "short" it. Basically.

Edit: I'm probably misreading this, excuse me if I sound patrionising.

  I don't get it either. I am open to suggestions as to how to invest btc to get more btc.

What?

And then?
You need to invest USD to get more usd by speculating with bitcoins.
Not to get more btc

Invest them, to get even more bitcoins?

   No need, don't worry about it. I was also somewhat terse, and compared to some of the abuse I've seen being slung around on this forum I think it's all been very civil here. I'm having enough trouble trying to figure out what to do with the bitcoins I've got. Sounds like you bought on a good trajectory.

I did deride your proposals, crafting a bad joke along the way, and I'm sorry for that.  The ugly dip brought forward my less-than-polite side, I'm working on this personally.

I didn't know how much bitcoin you held, and my view was that a small sell transaction wouldn't change the general trajectory of the selloff, and hurt you much more than it helped.  In full disclosure, I bought BTC at $93, $76, and $67 USD/BTC.  Bitcoiners have different levels of investment in bitcoin, but we each have a voice, and that's the equalizer.  I have a (maybe misguided) view that bitcoin holdings are inversely related to propensity to sell on a selloff slope.

From my point of view, the best way to push the bitcoin economy forward is to patronize legal businesses that accept bitcoin, and if you have a say in it, to support those businesses you can influence into accepting Bitcoin as a method of payment.  This will go a much longer way to stabilize markets and make the irrational selloffs have less of an effect on overall pricing.

If you give me your BTC address, I'll send you a guilt-relief transfer, it'll make both of us feel better.

OP's son is giving the sanest advice we're seeing on this forum.

Re: Why not sell into downtrend:

Whether to sell or hold in a downtrend that is expected to continue with a high probability is a portfolio management question and can't be answered just by looking at the market. It's all about risk versus reward. I'm not selling at this point (I sold way higher) since I am not at all sure that it's worth the risk. I would sell, on the other hand, if I considered myself overinvested in BTC and wanted to diversify my portfolio.

Of course, if you're a day trader things are different and you expect to lose on some days and win on some. I'm fearful of day trading in this market, though, at least with non-trivial amounts of money. All of the exchanges are a bit shady and I don't trust the trade engines very much.

Now you're being silly. 4 is well past prime for trading insight.

My four year old loves to try to help.
Last night a high-volume sell sounded from Clark Moody's site at bedtime.
I hopped out to check price (I was in a trade). She hopped out of bed and followed me.
She saw the red bars and said "The red means bitcoin is going down and that is what you want for them to go down."

Rather than explain that only held true while I had a bearish sentiment with lower bids...I figured I wouldn't press my luck.

Another year, she'll be doing my trading for me :-P

My crystal ball's most recent projections....

Let's try getting day trading advice from an ultrasound next time.

We should ask younger babies.

This is pretty awesome.

I'm sure his prediction will be as good as any other analyst.

Can you thank him for the tip for me

is he a retard?

This what I am considering to do , if people interest in make short run profit ,please go to PLUS 500 or you can go to BITFUNDER, OR BTCT... there are perfect place for you to creating volatility and get profit on it.

   Every little bit makes a difference. For aesthetic and practical reasons I do find traditional toilets to be better. Gardening is not an efficient use of time by the obvious measures, but you can save on a gym membership by doing it, and I happen to believe that the irradiation of industrially produced vegetables eliminates a lot of bacteria that are beneficial to our immune and digestive systems. I don't have time to garden right now anyway... but in Germany there is centralized compost centers, so I do compost.

    The only thing keeping fiat going is hundreds of millions of people who believe in it and use it. This is understandable since for a long time there was no real alternative. Now there is.

     You can try and deride me for having objectives other than personal profit all you want- my motives are still the same as yours, but I am looking at the long term. What is good for one is good for many. Maybe I am one of a few now but I know there are more like me out there. The more people we have who believe in bitcoin and use it, the more money we are all going to make. The more people we have  trying to make a grand here and a grand there the longer it's going to take for bitcoin to take off.

    What is good for bitcoin is good for all bitcoin owners. If I need to sell bitcoin to buy stuff only sold with fiat I will, but I won't hold any more fiat than I have to and I won't contribute to volatility. If the bitcoin community works in concert we have the potential to make this more profitable than all the profits of all the day traders on wall street for the last 20 years.