Topic: Old hands, what is your current engagement level? - page 2. (Read 2090 times)

Holder since 2011  

When I first bought in, I was a poor uni student and I put in pretty much all my savings I had at the time.

Sat through the slums from $32 down to $2 thinking I had lost it all.

Worked out that trading is not my forte, dropping down to 30% of my initial buy in from then.

I’m now in pretty well paying job, have a wife, kid and a mortgage on an ok house in a decent regional town.   My bitcoin holding have no bearing on how I live my life. We save what we can and pay off the house as much as possible with our normal pay cheques like normal slaves, doing the normal smart middle class money things. If my bitcoins dissapearded, while being a heartbreak, it would have no bearing on how I live my life currently. I could turn around today and pay off our mortgage and still have have enough for a Porsche as well with my bitcoins, but that is not my end goals.

I’m up nearly 100x on a $2.8k buy in back then, but I’ve never put in anything since my first buys.

My plan is to sell 80% when I think this cycle is done and maybe buy some back for BTC gains on the bounce, or walk away and build myself a family house. The goal is to be a 30something family man living in a million dollar house on a sizeable piece of land completely mortgage free.

10BTC is my final holding amount to leave to retirement for when they are >100k each.

It's nothing to do with the quantity of coins, and the older the hand you are the more likely you are to have been scammed, wiped out, gone insane or sold too early.

It's anyone who's been around long enough observing the multiple changes in attitudes and conditions.

At 100s of coins if not 1000s of coins would be old hands. They saw reason with difficulty level and investment into the whole deal.

Anyone not dumping all they got into coins right now will regret it like nothing else in their life.

I was just going through my post history and saw this gem:

https://bitcointalksearch.org/topic/m.520108

I will not follow through on that promise, sorry! 

Been around since the June 2011 bubble. Heavily invested in October 2011 at the $2.65 mark. Lost almost all of my coins to various scams / GLBSE shitty investments (think ICOs 1.0) during the 2012 doldrums, and poor trading. Sold almost all of the remainder of my coins in 2015 near the end of the dip from the 2013 highs.

I am now successfully trading (finally!) on multiple exchanges and continue to have significant interest in the goings on in crypto.

For shits and giggles, I still have a link to the largest transaction I ever sent (in Bitcoin terms). I think it was about $30k USD at that time.

https://blockchain.info/tx/dbe60d7e1db7df25808d04f3ee62fe7ea8a1d47b61fe68c50f17617e9eba0f7a

Good luck to everyone!

Mined my first BTC end of 2011 -I think around 200 maybe.
Then invested in KNC and got a good return on that. Sold the Jupiters for more money I originally paid after mining heavily with them. Remember cancelling 3 Neptune orders and getting 66BTC as a refund. These were good times.

Currently trying to be a trader, but with not much success.
Mostly hodl.

Well yeah that's what I do now. Just buy and hold and buy more and I'll continue buying at least through the end of 2018. I learned my lesson back in 2013/2014 that I'm an awful trader haha. If I had just held my coins from back then they'd be worth over $60k now. I did do a few trades this year with a small amount of bitcoin and did well on those trades but I was only trading with like 2% of my total. Everything I buy now I'm holding for when it gets up around $100k.

I'm not in suspended disbelief or anything, just quietly thrilled about my financial standing compared to those around me in my daily life. These people all knew/know about me and crypto but I'd never give them any ballpark figures. Divested double digit coins to pay off student loans and I'm currently messing around w/ modest stacks of populous and veritaseum in addition to my originals.

your hands are fucking ancient, my friend.

keep your faith about the btce shutdown. I have a theory about this; suffice it to say you will get your money back, but very laterish. the upside will be that bitcoin will have gone up a bit. take that as an indication of how long its going to take. but, allow the lawyers to do their job. the majority of users have no criminal complicity in whatever happened there, and can prove it. this means the US has caused you damages, esp if you live outside the States. If you can prove you are a good faith user, and complied to the TOS, you essentially have had your money stolen by the US. I dont think im the only one that realizes this, so allow it to sink in for the rest of the world. The lawsuits will come. And they will come like a wrecking ball.

And eventually, just maybe, you will be reunited with your fundage.

Stop trading and just buy and hold and you may have another chance. Continue with this mindset and you will again be telling this story at $50k/btc.

I was here before the second bubble in 2013 and that was a wild ride.

Edit: Bubble

yes exactly haha. i started buying during the late-2013 bubble until summer of 2014. day traded away most of my bitcoins, finally sold the few i had left at bitcoins lowest point in 2015. Basically I did everything wrong haha.

Didn't think about bitcoin much from then until this year, started buying again the past few months, starting from zero , and I've already well over doubled my investment this year. very happy! I'm not old hands, but I plan on continuing to buy some monthly until the end of next year.

Not too many joined bitcoin when things looked dead. The current golden children are now, more so than 2015. Who has the balls to buy in 2017 and hold for 3 years, and there will be a lot of them, will be the golden children.

What? What the hell have they been up to?

I assume more than a few who started dabbling 3-4 years ago gave up in despair during the great trough. And people who got in after them are actually considerably further ahead in terms of buy in.

The current golden children would be anyone who loaded up in 2015 - 50c ETH, 25c XMR, $250 BTC. They cut out all the shit and went direct to an endless orgasm.

gentlemanland your assumption that everyone who saw and started dabbling in crypto 3 years ago is now rich is really fucking flawed. But, if you are reading this and haven't jumped in it's not too late.

I've sold a some to try and keep my crypto holding around 80%, holding a little ETH, ZEC and DASH on the side, and shopping for land. Good times

Selling dribs and drabs but holding 90%. Absolutely loving 2017.

can you suggest a simple trading formula to increase BTC count?

I raised my cane to that, LOL.

Nice thread topic gentlemand!

Even though I've been around a while, I feel weird thinking I'm an old hand since when I started posting there were still people in the spec subforum posting regularly from 2011. Now most of those accounts went silent.

I like to stay involved with the discussions here so it's really the only reason I still post. In terms of how I feel, I've pretty much been a Bitcoin permabull and maximalist from the beginning, because to me Bitcoin meets all the criteria for the attributes of a sound, decentralized form of digital money and store of value and that is why it has stayed so popular. I am not really at all interested in investing in any of the other so-called digital currencies because I feel they don't fundamentally fit the criteria of what a true 'digital currency' should be. Perhaps "speculative tech tokens" is a better term for them.

This amazing Bitcoin rise does feel surreal to me, but for some reason it still feels 3 years late from when I though it would take off like this. Fundamentally Bitcoin has not really changed at all since I became involved in 2013, so why the sudden popularity and massive increase now?

Plenty of people knew about it back then, but mostly just scoffed and laughed. I seriously doubt they are laughing as much now. But I believe that one thing has changed. In the early years, Bitcoin was purely a speculative-based trade, something for traders to pump and make a few bucks. Now I believe something more ominous may be at work.... a fear-based trade as a hedge. When the price hits $5-10K and the Average Joes find out that deep pocket Wall Street and banking hedge funds are pouring massive amounts of money into bitcoin as a safe haven, then Average Joe better quickly start asking themselves why.... and why now? They just need to look on the immediate horizon in the next 6-12 months, and they should find their answer.

In the meantime, I'm just curiously watching it all and feeling surreal. I'm sure that feeling is going to get crazier over the next 12 months.