Topic: quick wins or trying to change things (Read 412 times)
The answer is hard especially if you make living from Crypto trading, at some point, you will find your self-forced to take quick profit side no matter how much you believe in BTC you just gonna do what you have to do. SO as long as you don't have an external source for money the decision is not gonna be what you want, it will be more about what you have to do.
just saw this pic ........ so why not a small POLL
i know i'm a long term HODLER and believe BTC can change a lot, but @the same time i'm also always increasing (trying) my stash buying coins on the LOW etc to make more BTC's (as in investing to gain more capital)
though i try to live with BTC as payment for stuff as and with poker playing (running some games in the forum) etc... so i use BTC, but HODL the most.....
how about you guys , GOING FOR QUICK RICH
CHANGING THE FINANCIAL SYSTEM
(i just think i would like to always keep most of my BTC holdings,@least 50% , and like to transact in BTC for payments between friends and services, so i go for changing the "financial" but i do like the money/btc making part as well offcourse)
Acceptance of Bitcoin which anyone like you can get and hold it easily will not be easy. Imagine how many people in the world are and how many people own Bitcoins. In this case even if the government obtains a few, will be in the same position with you. Surely I know that if it will accepted by governments there is no need for the government. But will the government transfer their power to you? I am on your side but it looks so hard. i know i'm a long term HODLER and believe BTC can change a lot, but @the same time i'm also always increasing (trying) my stash buying coins on the LOW etc to make more BTC's (as in investing to gain more capital)
though i try to live with BTC as payment for stuff as and with poker playing (running some games in the forum) etc... so i use BTC, but HODL the most.....
how about you guys , GOING FOR QUICK RICH
CHANGING THE FINANCIAL SYSTEM
(i just think i would like to always keep most of my BTC holdings,@least 50% , and like to transact in BTC for payments between friends and services, so i go for changing the "financial" but i do like the money/btc making part as well offcourse)
A quicker gains might end up to a quicker end and this is how i know what life is but not all the time it has to be like that. I think it's just better if you have to plan everything first because taking action without thinking could lead you to a messy life and that's the kind of hardest lesson you will ever experience. Guess it's better to just take it slow but not too slow.
i don't really think someone who is actually in bitcoin for quick gains is going to come here and claim that all he cares about is the quick money he may earn from bitcoin. usually people never reveal their true intentions and i think a large number of those who are on bitcointalk are in bitcoin for the money which is obvious from signature campaign participants and their comments elsewhere.
It is sad that these are the two options in peoples minds. You can surely have quick gains but also change the world financially with bigger deals. You do not have to buy and sell to make a change in the world, you can basically focus on making your gains while trying to spend bitcoin at as many places as you can.
Yeah, you can have an investment to bitcoin and you may need to spend fiat to live but there are still places that accepts bitcoin, in that type of situation just go ahead and buy whatever you want with bitcoin if you can, tells the world there are people who are willing to spend bitcoin instead of dollar or any other fiat.
If you do that and still hold your investment you will be both making quick gains and still changing the world. Instead of giving fiat just give crypto and use that fiat to buy more crypto later on.
Yeah, you can have an investment to bitcoin and you may need to spend fiat to live but there are still places that accepts bitcoin, in that type of situation just go ahead and buy whatever you want with bitcoin if you can, tells the world there are people who are willing to spend bitcoin instead of dollar or any other fiat.
If you do that and still hold your investment you will be both making quick gains and still changing the world. Instead of giving fiat just give crypto and use that fiat to buy more crypto later on.
Just trying to survive, and have some fun in meantime. World can be changed only if people change they way they think, that cant happen. It cant, this `money system` needs a lot of slaves and slaves cant stand up against that, what we have is individual slaves who make it trough and become rich, others are on bottom and they will stay there.
Everyone is looking to move to up, but to move up you need to fuck someone down, and its how things work, we cant change nothing about it, people don`t have that awareness, maybe technology can help us with that, its a big maybe, we will see.
Everyone is looking to move to up, but to move up you need to fuck someone down, and its how things work, we cant change nothing about it, people don`t have that awareness, maybe technology can help us with that, its a big maybe, we will see.
Would be lying to say that the quick gains is not also a good motivating factor in the short term and in the future, but basically there is a way for me to always get that balance, knowing that the gains in the long run is just the side benefit and what is important is to actually see a lot of things being disrupted when it comes to payment. I HODL most of what I have, I have spent some over the years when it comes to making direct P2P transaction as that feelings can be awesome anyway, so one way or the other, what is important is to just find that equilibrium.
a good friend of me have given that advice many times to people in his family or friends that don't understand BTC and especially trading crypto.... (but have an intrest or believe in a future of it)
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....
to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)
i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....
to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)
i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....
How long is a very long time? Some would say that nine years is more than enough. I think a better approach would be to set an amount to sell at once it hits, green or red, in swings off course. Imagine a scenario where everybody holds their coins indefinitely with no trading? Spending your coins is essential to its growth and future.
nice avatar btw, been seeing a lot of hats on the forum lately. whats up with that?
i do have some coins that i use for spendings and payment, but i also have my hodling piece.....
but if youre not a trader don't have any clue then i think buy X-% at every same time period ain't not to bad and maybe yes to put in a Number to cash out on
the hats is happening in the WALL OBSERVER thread ask around there
i know i'm a long term HODLER..... i just think i would like to always keep most of my BTC holdings,@least 50%
I personally don't believe in the term "Long Term Hodler", as I think everyman has his own price and a lot adopters own was the initial ~$20,000 All Time High. I have no idea as to how many bitcoin you currently own but, Honestly would you still keep upto 50% of it should it reach a high of $50,000 tomorrow or Sell and hoping for another fall such as the current market ? [/quote]
i just think 50k is for sure a price where i would keep at least 50% of my BTC
offcourse if it would reach that tomorrow then i probably will sell some cause that kind of UPgoing wouldn't be healthy and would have a nice DIP to buy with it
The last time I cashed out Bitcoin to fiat was back in 2015 and I don't plan to ever do it again.
Fiat profits aren't gains, BTC profits are gains, and that's the only thing I'm focusing on. I'm glad that we still have a platform as Bitmex that doesn't bang on our heads asking for documents and whatnot, but the question is; how long have we left before they go full KYC/AML too? I'm sure that time will come eventually.
Bitcoin is money, it should be either kept or spent. If you're a believer don't convert Gold to Copper, it makes no sense unless there is an emergent situation in your life forcing you to do so.
Fiat profits aren't gains, BTC profits are gains, and that's the only thing I'm focusing on. I'm glad that we still have a platform as Bitmex that doesn't bang on our heads asking for documents and whatnot, but the question is; how long have we left before they go full KYC/AML too? I'm sure that time will come eventually.
Bitcoin is money, it should be either kept or spent. If you're a believer don't convert Gold to Copper, it makes no sense unless there is an emergent situation in your life forcing you to do so.
I personally don't believe in the term "Long Term Hodler", as I think everyman has his own price and a lot adopters own was the initial ~$20,000 All Time High. I have no idea as to how many bitcoin you currently own but, Honestly would you still keep upto 50% of it should it reach a high of $50,000 tomorrow or Sell and hoping for another fall such as the current market ?
I would sell a proportion. I would not buy back. I would extract a certain amount as a hedge. Bitcoin is looking great and I would prefer to remain all in but you never know what's around the corner. Once that was secured the rest would stay put for good.
I don't think for whatsoever reason anyone is buying or holding bitcoin just for the fun of it or simply for the sake of owning a bitcoin. Logically, maybe excluding Satoshi, everyone else whose has adopted even at its infancy has been based on incentives because who cares about the first man or set of people to adopt bitcoin ? but who doesn't care about a potential price bitcoin could attain?
i know i'm a long term HODLER..... i just think i would like to always keep most of my BTC holdings,@least 50%
I personally don't believe in the term "Long Term Hodler", as I think everyman has his own price and a lot adopters own was the initial ~$20,000 All Time High. I have no idea as to how many bitcoin you currently own but, Honestly would you still keep upto 50% of it should it reach a high of $50,000 tomorrow or Sell and hoping for another fall such as the current market ? 
a good friend of me have given that advice many times to people in his family or friends that don't understand BTC and especially trading crypto.... (but have an intrest or believe in a future of it)
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....
to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)
i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....
to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)
i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....
How long is a very long time? Some would say that nine years is more than enough. I think a better approach would be to set an amount to sell at once it hits, green or red, in swings off course. Imagine a scenario where everybody holds their coins indefinitely with no trading? Spending your coins is essential to its growth and future.
nice avatar btw, been seeing a lot of hats on the forum lately. whats up with that?
a good friend of me have given that advice many times to people in his family or friends that don't understand BTC and especially trading crypto.... (but have an intrest or believe in a future of it)
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....
to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)
i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....
*after many years in crypto like you its always a good strategy i think (a hodler strategy)
-but for beginning peeps its also the best kind of strategy to enter the space .....
to just don't look @the price and buy each month the same %of fiat incomes into BTC (no matter what the prices are)
i do not buy every X-time same amount, but have my own ways to earn BTC that i hodl, but i do put X-amount in cold storage just to keep HODLING for very long time ....
The thing is that most people only feel that they gained something from their investment when they actually convert it to fiat. Only when they get rid of their bias towards fiat they can keep hodling endlessly.
What I do is simply convert 10% of my monthly income to Bitcoin, and transfer another 10% in fiat to my savings account. That way I don't face situations where I have to convert my coins to fiat. If I need money, it's in my savings account.
I kept it up for almost 2 years now, and I'm sure that I can continue doing this for many more years to come. If you have your priorities in order, you'll be fine. It doesn't even have to be 10% like me, it can be any percentage that works for you.
What I do is simply convert 10% of my monthly income to Bitcoin, and transfer another 10% in fiat to my savings account. That way I don't face situations where I have to convert my coins to fiat. If I need money, it's in my savings account.
I kept it up for almost 2 years now, and I'm sure that I can continue doing this for many more years to come. If you have your priorities in order, you'll be fine. It doesn't even have to be 10% like me, it can be any percentage that works for you.
yeah its a F***ing difficult one, i just have a amount in BTC that i always try to increase and especially @this insane LOW prices... i do try to live with BTC as well by payments in BTC
payments between friends in BTC
but the main part is in cold storage to see the value of that part to be much more than it is nowadays.......
but when we go to very big numbers in that BTCvalue, then i will be selling some, but mostly just try to live with it as much as i can on however BTC will be used in that time
i think/hope, i will never sell more as 50% of my BTC holdings
payments between friends in BTC
but the main part is in cold storage to see the value of that part to be much more than it is nowadays.......
but when we go to very big numbers in that BTCvalue, then i will be selling some, but mostly just try to live with it as much as i can on however BTC will be used in that time
i think/hope, i will never sell more as 50% of my BTC holdings
should it be one or the other? can't it be somewhere in between?!
i am somewhere in between. i am very interested in the technology and i want to see bitcoin reach mass adoption and be the currency that you can use anywhere in the world without needing to convert to fiat.
but also i am interested in making profit. i don't have the delusions of getting rich overnight and i am not willing to take huge risks for it either but this is a market which i can trade in and make profit or invest long term and make profit.
i am somewhere in between. i am very interested in the technology and i want to see bitcoin reach mass adoption and be the currency that you can use anywhere in the world without needing to convert to fiat.
but also i am interested in making profit. i don't have the delusions of getting rich overnight and i am not willing to take huge risks for it either but this is a market which i can trade in and make profit or invest long term and make profit.
I think it's quite possibile to find your place somwhere in the middle. Key is the balance and I think this is possible.
Bitcoin can become mass currency, but for that takes time and it not will happen over night. And I don't have illusions that some day everyone in the world will use Bitcoin, because that will probably not happen.
But while we are waiting for mass adoption to happen Bitcoin is great source of profit as an investment and it should be fully used that way.
Truthfully I would like both to happen but I won't lie and will admit that primarily my own finances will come first. I would love to promote crypto in such a way that it can achieve both of these objectives but I won't put the success of bitcoin ahead of my own livelihood.
The world is never going to change with people in it. Greed, avarice, self interest will always rule and win. Technology is only an illusion that things are better than thousands of years ago. I bet humans where happier then than now despite the "hardships". There isn't anything new under the sun, so I've voted for quick FIAT gains, but even this is very hard to achieve.
A bit of both really, I’m not going to lie & say I’m not in this for BIG profits. Like gentlemand said, I too should have cashed out a sizeable % in late 2017 but I didn’t so I’m here HODLING until 2021 at least most likely.
In an ideal world bitcoin would become the primary world currency, not sure I’m going to be alive if/when that happens though.
Realistically I’ll sell around half of my stash a year or so after the next halving which will enable me to realise all my dreams & life goals. I’ll then HODL the rest of my stash forever probably & pass it on if I have kids.
In an ideal world bitcoin would become the primary world currency, not sure I’m going to be alive if/when that happens though.
Realistically I’ll sell around half of my stash a year or so after the next halving which will enable me to realise all my dreams & life goals. I’ll then HODL the rest of my stash forever probably & pass it on if I have kids.
I am not an expert or trader but I like to believe on BTC. I am on your side because there is a need to change the financial system as there are rich people in the world that are becoming more rich with time. Change in the financial system might help people who are at lower bottom of the graph. BTC is an important crypto currency that can play it's role if used/invested properly and wisely.
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