Topic: Quit your cryptocrastinating and get on board already! (Read 1921 times)

Unless you know your horse will win

(Or put slightly different: Don't put more money into your Cyprus bank account than you can afford to loose. When I had to sell and even had to add 5% commission in December, the guy I sold to asked me why I don't rather take a credit for my current needs and yes, I still consider that a risky thought as it would have put me into the position to have to put a "(virtual) stop loss order" on my bitcoins so I don't end up having actual dept which still can happen with a stop loss order when bitcoin goes worthless from now to then but then again, so can your Euro, too. Having dept in Euro is getting less and less frightening to me these days.
Also: http://vimeo.com/43762138 )

+1. And this includes never borrow for investments (including credit cards). If you need to borrow it, it means you cannot afford to lose it.

i think all the fund manageres who are being dismissive are just pissed off that they didn't see it coming and their investors are pissed off that they are n't as bright as they claim to be. so of course they will be dismissive and say the price is too high.
of course if they were smart-er they would have invested and their investors would be happy and they would talk praise.
all it is is jealously and being dismissive due to having lack of foresight.
yes, i'll say it.. most the money managers aren't the brightest people. they just get lucky to play with other people's money.
i wouldn't hire any of those "analysts" who scream it's a bubble without any actual understanding.

Should we have that on sticky? 

I'm a permabull, too but still for very short term you might want to look at the charts and indicators to safe yourself a lot of money when buying bitcoins (If weekly trade volume increase would fall behind the price increase dramatically, I would take that as an indicator to wait for the crash or even cash out a bit myself depending on the strength of the signal if I find no clear explanation why it was happening) but more importantly be careful with alt coins. litecoin being traded at $4 is just insane. Look at what bitcoin has gone through when bitcoin had reached that level. Sure, Bitcoin also paved the road for all other crypto currencies but you might want to mine such funny coins and sell them for bitcoin or sell stuff - not necessarily your own stuff - for bitcoin. Why not do the intermediary for a friend who sells online and generate some business for him via bitmit? Also why not be a market maker on localbitcoin and charge a fee instead of paying fees on your way through banks and MtGox? On localbitcoins you can be a market maker without anybody knowing your trade volume and without providing papers over papers and you provide peer to peer strength to the bitcoin economy for the day that MtGox goes down.

I think everybody in BTC "for the long run" is dreaming with that dip that will allow us to buy a lot of "cheap" bitcoins

But this is only daydreaming

I bought my first bitcoins at $10ish, and the feeling was exactly the same: wow, this is expensive, just a few months ago the price was $2

But I decided that a) I was in BTC for the long run and b) that I was going to invest fiat regularly, with every paycheck - beacuse I profoundly believe in BTC

Since then I have bought at $10, $14, $25, $33, $55, $70 and next week I will invest again a not-so-small amount, as soon as my funds get to Gox. The exchange rate may be $200 or higher, but I don't give a shit, even if I can't avoid thinking that just a couple of months ago I would have bought with $500 what now I will buy for $5.000

I bet you are thinking "wow, $10 were CHEAP coins"... But I can guarantee you that they felt as expensive as $200 coins. Just take a look to the posts in "speculations", and you will check that the feeling was the same.

But the truth is that we all know that the potential of BTC is way higher than $1.000 per coin. That's pure math.

My advices:

1) Invest only what you can afford to loose (this is crucial)
2) Get as many BTC as you can and forget about the exchange rate. BTC economy is now super-reactive: get those BTC and invest them wisely in BTC related ventures. The economy is in such growth that a lot of opportunities are awaiting around every corner.

Personally I just think about how to invest my BTC to make them produce more BTC. I'm starting a venture in which I will try to operate with BTC only, in the limits of possible (still majority of providers want fiat). But the truth is that I broke the loop, the exchange rate is not relevant for me anymore. Bitcoins give you freedom, and there's no price for freedom.

I'm not setting up any mining rigs or anything but I certainly want to draw for Bitcoins and such, while I'm progressing there are two things that scare the shit out of me Billions of people having access to it which makes me turn into this paranoid creature that thinks it's all going to be a disaster and then the fact I'm entering a whole new economy which is also connected to far more people than I can imagine.

Give it time you impatient sods ;_; new things are scary lol by the time I finish my manga Bitcoins might be worth £200 so I'll have to calculate what to charge for it AGAIN! >_< I think this is what a lot of merchants are considering when it comes to this sort of thing.

Read a book titled " the Richest man in Babylon ( by Richard Clayson), the same lessons still apply and then invest 10% of your earnings in Bitcoin, diligently.

I'm doing graphic design work on another site to get cash for a rig! I'm a third of the way there.

Its a bit harder when still in high school, but I'm confident.

I'm cost averaging my investments (and putting some into a mining rig).

If it goes up up up, then great! and if it goes down a bit then I'll buy some more because I am confident that it will grow as more people learn about it.

D'oh.
Why didn't I think of that!
Here I am letting valuable sig space go to waste...

So instead of begging for free bitcoins how about putting a link to your portfolio in your sig? I mean I would love to buy some art work with bitcoins and I would pay more than 1Ƀ if you match my needs.

not even 1. Doing artwork for bitcoins in the services section however, hopefully that will land me a few

Indeed. Incidentally, how does it feel to be a bitcoin millionaire? 

just take the leap!



BE A CRYPTO-COINIST! 

DON'T HESITATE !!  BECOME LIKE ME!! 

I'm no advisor, but, seems like the price stability points to people who have been holding coins more or less dormant are starting to sell. Might take a while for things to move up again.

Not even 1 bitcoin?

There will always be more reasons to cryptocrastinate. Dive in now, even if it's only 1BTC to start with.

fine with me dude 

Id like to get in, but I cant afford to invest anything at the moment
getting in ASAP tho, thats for sure

to all ye of small faith !!!!!  BTCBTCBTCBTCBTCBTCBTCBTCBTC