Topic: Old hands, what is your current engagement level? (Read 2117 times)

The million BTC whale analyzed the theory.

I'm thinking the same thing. I just can't bring myself to spend any real bitcoins on alts, but I might be able to convert some bitcoin cash into some alts.

Does mid of 2013 count as an old hand ?

I kind of feel like afbitcoins.


These numbers are somehow decoupled from reality. Most of the day I am running around with a smile or shaking my head in disbelief. I am full in Bitcoin and am still buying every month with the same amount of fiat. Never change a running system I guess ?

Other than that I am writing my master thesis on cryptography/blockchain scripting related topics. I'll try my luck in a bank company doing hopefully crypto portfolio management for clients. A weird career change for a rocket engineer, but what can you do when you are infected by the crypto virus?

He stated that Bitcoin will never get SegWit, which he seems to maintain is still the case.
He claims the SegWit fork is an altcoin which is going to die a fiery death as the SegWit transactions that have accumulated will eventually be stolen by the miners when they reorganize the chain and enforce the Satoshi's protocol which enables stealing SegWit transactions.
He has even positing a wild theory that perhaps BCC/BCH is a Trojan horse that enables Bitmain to surreptiously steal back all the BTC that being gained from trading BCC/BCH for BTC.
In his theory, this would finance the massive long-range chain reorganization, making it profitable and attractive.

Afaiu he claims that TRB will be Satoshi's 1MB no SegWit (real) Bitcoin. Thus, you only think that BTC has Segwit.
And afaiu TRB might accept SegWit but so that miners can spend all SegWit to themselves.
Also relevant topic: https://bitcointalksearch.org/topic/of-whales-and-forks-1959633

So don't spread lies if:

Joined the community in early 2012, have been sort of disengaged since early 2015. More watching-from-a-distance than anything. But now that a malleability fix (SegWit) is finally landing I've started to pay more attention again.

My BTC are still in a "long-term storage" mode. I could theoretically earn more profits by putting them on an exchange, but I don't want the counterparty risk; when shapeshift.io supports Tether, or when a proper distributed market appears (thus allowing BTC/USD market making without having to leave my coins in someone's webwallet), then maybe I'll get into it again. But even then, a big chunk of that stash is destined to sit quiet until I can spend them at the grocery store's NFC terminal. "Current money or bust", right?

That said, the BitcoinCash split has been a wonderful opportunity for me, since now I have what amounts to a 10% dividend to use for diversification. I'm planning to buy into Ethereum, mostly. My comment above about a "malleability fix" should clue you in that I'm extremely bullish on the potential of blockchain-enforced business logic, and there are a couple killer apps in that space that Ethereum contracts can support but Bitcoin scripts can't. That said, I've got no interest in direct ICO investment; why try to pick the best individual product, when you can invest in the platform they all use? ^_^

Like many others on this thread, I don't post much and have ridden on the back of the honey badger since 2013 - getting a hell of a ride and being scratched to pieces.

First bought 60 btc @ $32 and was reselling to the UK for a 20% premium. Was mainly making easy money as I was getting the resell mark up + the rising price. Weathered the  $266 peak and crash but didn't time it well. Kept a few coins, and then totally mistimed the market again and managed to buy high and sell low. Lesson learned, I don't have the temperament for trading at all.

Ended up with a few coins that were worth a quarter of what I paid. Lol! I was almost the first person to reply to the hodl thread! The legendary one! I did exactly the same as him and was going to say that I would join him in hodling. I typed the post in but had logged out and it didn't submit. Now I am more gutted about not being the second hodler ever than any millionaire bitcoin pipe dream.

It will take btc to go $100k plus to make any big difference to my life, I just don't have that many. But I'm waiting for that. Shit or bust!

For the entire investment office, our total traded volume for a 24-hour period is anywhere between 3 to 5 Bitcoin. And our personal portfolios sit in the range of .75 two 1.5 Bitcoins in a 24-hour period.

Does 2010 qualify ?   

First fired it up in dec 2010 after reading about it on Freshmeat.  Tried CPU mining.  lotta noise, no results
Did some GPU mining in Feb 2011..  still got the poclbm_py2exe_20110204.7z files
Made some small gains in one of the early mining pools (Slush ?), but got sick of the screaming fans after 2 weeks
Decided to "Buy Shares" in this new Interesting geek-run project instead (feb 2011)
Got bored, threw hard drive out   Just kidding     I was there when a few people did though.

No, I'm not saying how many I mined/bought/sold/still-have. 
Yes, I know this forum account isnt that old. 
I forgot the password to my old forum account, and decided it probably wasnt a bad thing to start fresh.

I remember the start of the Alpaca Socks, Proudhon, the craziness when it *surpassed 1 US Dollar (Gasp) !
The cries of "Insanity" when it hit $32, the "Told you so's !" from everyone when it went back to $9
The "OMG, Bitcoin is not dead !" recovery to $266, the crash back to ~$90 (Oh hang on, yes it is..)

Everything since then has been a yawn by comparison to those days   
Wake me up when something *exciting happens. 

Do I get my senior citizens card yet ?

that guy categorically stated segwit would never be allowed to happen on bitcoin and litecoin would soar. litecoin did pretty good. segwit arrived.

next guru please.

An old hand who advised @rpietila to buy at $10 in early 2013, has expressed his engagement level in a warning and prediction.
One of the predictions was already realized.
The warning remains.

We have no land taxes in Australia if it is your home you live in.

In the main capital cities, the median house price here is well over a million (1.5M in Sydney) as it is. Our house prices have gone through nearly as much inflation that bitcoin has. People have been calling the housing price bubble to pop for years now and it just isn’t stopping. Smart people have been loading up on investment properties, leveraging themselves to their eyeballs and claiming all the costs, interest and losses on tax while the land value just goes through the roof.

Lucky I have no interest in living in the capital cities. Too much traffic. Give me land out in the countryside.

Nice thread! I guess I'm an old hand by now. Mostly I'm quite disengaged which is quite strange when I stop and think about it, maybe the numbers on my spreadsheet are becoming too abstract? Probably the real reason is bitcoin is becoming too political and centralised for my taste and looks like becoming more so. These days I'm more in for profit than idealogical reasons, which is a shame even though profit is obviously good. 

There've been setbacks along the way, I lost 99% of my first stack on the Bitcoinica exchange when it was hacked. But bought back in not long after, still early, Bitcoin and Dash have done  well for me. I sometimes trade between the two with a small portion but mostly have hodld both. Don't like etherium at all and doubt I ever will. I'm planning to also hodl bitcoin cash though. Its a bit of a wildcard. If I'd bought into bitcoin the same way I bought into Silver I'd probably be one of the ones with a castle now. But no regrets on that score

I'm in ballsdeep, just the way I likes it!
Feeling quite gentlemenly indeed
$13,800 in February is getting closer to reality but don't forget to hodl because the real moon will be in 2020 around the next halving...
Not less  than 50k, I'm calling it now boys!  

@dothebeats, I hope you are careful with your analysis, because most of the ICOs are snake oil. You get out in time, fine. You wait thath the scheme collapses, you're toast.
https://www.coindesk.com/icos-dumb-money-ethereums-ethical-dilemma/

I'm definitely not that old of a hand but a portion of the coin I hold I've ad since it hit the $190s a couple years ago..

I have never bought BTC or any altcoin with fiat but I got 0.01 BTC for free a long time ago and have since put a MASSIVE amount of time and effort into trading and making it grow.. Not that it was all "work" because I have enjoyed myself doing it but my holdings now are just about becoming worth the time I put into them..

I don't really have a whole lot, not a life changing amount really, but it's a nice security blanket incase anything in my life goes terribly wrong I could fall back on it and survive..

I sold some BTC once and greatly regret it, I have also lost a lot trading this or that and made a bad investment here and there but I don't really regret those because all in all I'e done pretty well and you just can't win em all.. In trading I find that if I take almost as much losses as I do gains then I am doing well because my gains are bigger than my losses..

I'm just going to pretty much keep holding my BTC, if it falls back down to $1500 from here I might be a bit sad I didn't short because I don't have the time to keep up with it constantly these days, but another rise will eventually come in a few years if it crashes now..

I have been saying "BTC to $10k" for years and right now it may finally be coming true, who knows.. Maybe back to 1-2k it goes..
It's been a hell of a ride..

I don't consider myself an old hand since I bought my first coins in 2014. The stash I have had back then was sold for a hefty profit, bought back in the latter part of 2015 and sold most in May which enormously boost my money in the bank (lol). Right now, I'm still trying to check out some decent ICOs that may break the records once more and hopefully make a decent amount out of it.

I hear you, but it depends on the place to live.
In TX, you would pay around 22K/year in taxes on that $1mil house plus HOA fees, say 3-5K, plus maybe 3-5K insurance=$30-32K outlay/year even with the house fully paid for. It is expensive to maintain any property around here.

Hi guys,
I purchased my first coins in the spring of 2012, for $7 each. Since then I constantly lurk here but write seldom.

I made a small fortune and lost a large part due a bad trading. But the stash grew by now and became nicely fat again. I claimed BCH's, sold them, bought some more BTC and some ZCash. I think the latter is one of few altcoins with good future because its advanced anonimity, something that BTC should also eventually implement.

I am as turned on as ever and maybe even more so now than I was when I started getting involved early 2013. I started with a long term position in BTC and also tried to make more coins day trading like almost everyone else who just got into Bitcoin. The first couple of years I was only losing coins trading, but I didn't give up and the last year I've started to become better at it and now it is my full time job. I trade a few shitcoins as well, but I have no long term position in them. Except for Litecoin, I plan to keep some of them around for a few years. The large bulk of my money stays in Bitcoin however, not Bitcoin Cash, or Bitcoin2x garbage.. only the real Bitcoin. I buy and sell all the time when I trade, but most of my coins are staying put in my Trezor and I'm not planning to sell those any time soon. I don't want to hold onto much paper fiat, bank money just isn't my cup of tea.

Sucks that you lost most of it through bad trading, I did the same thing from when I first got into bitcoin, but I guess we both learned holding is better unless you happen to be very good at trading!

Still you have a great amount of bitcoin, you have a couple hundred thousand dollars of it already, that should be a few million dollars in a few years! Great job!