Interesting interview with a guy who's paid in bitcoin living mostly on bitcoin.
http://www.forbes.com/sites/laurashin/2016/01/07/this-man-has-been-living-on-bitcoin-for-3-years/
I hadn't thought of asking my friends to pay for the meal then pay them in bitcoins. I usually have enough cash from localbitcoins for that.
I actually did an interview with a guy at Vice once but he never followed up. I think he just wanted to get a better understanding of Bitcoin.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19652. (Read 26608056 times)
January 08, 2016, 08:09:31 AM
January 08, 2016, 08:06:40 AM
Bitcoin moon imminent
https://bitcointalksearch.org/topic/the-matthecat-reverse-indicator-thread-1319356
https://bitcointalksearch.org/topic/the-matthecat-reverse-indicator-thread-1319356
January 08, 2016, 08:02:00 AM
January 08, 2016, 08:01:32 AM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
Not a good idea to have all your eggs in one basket. BTC as an investment is, IMO a high-risk, high-return proposition. Either it goes way up or way down. The price staying within even a factor of 10 of the current level in the long term seems unlikwly to me.
So with that in mind, investing in BTC longterm is done in expectation of huge gains in the future. If that expectation pans out, do you think increasing your position with what money you have set aside now will provide any meaningful benefit? If the project fails and price crashes, how badly would you be kicking yourself for going all in?
60% is already a hefty slice of your funds in BTC. I see no reason to increase that unless you see BTC as a safe store of value instead of a high-volatility investment. And if you think BTC is not risky, I'd suggest thinking about it a bit more.
Another possibility, with a little creativity (and reasonable planning) there could be an attempt to maintain the approximate same level of investment into BTC versus fiat within about 5% and then buy BTC on the way down and sell on the way up, which if played properly and systematically (maybe a big "if"?) would likely increase BTC and fiat holdings over time and make the overall
portfolio a bit less risky.
January 08, 2016, 07:58:59 AM
It looks like the smart thing to do right now is to short China (no pun intended) in just about any way possible.
January 08, 2016, 07:58:28 AM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
I have about 90-95% of my money in Bitcoin outside of my 401k and house. I see it more as the main currency that I use as opposed to something to invest in. Having any less just seems like buying fiat. I'm not really sold on the benefits of investing in fiat currency.
January 08, 2016, 07:43:37 AM
Gemini co-founder sees exciting time ahead as institutional investors enter Bitcoin market.
Well, I guess he's going to have a better idea than us but their figures aren't the most erotic in the market at the moment. Their figures seem to be all over the place. Not so long ago their daily volume was under 70 coins one particular day. It's over 1000 today which is good.
January 08, 2016, 07:42:59 AM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
Not a good idea to have all your eggs in one basket. BTC as an investment is, IMO a high-risk, high-return proposition. Either it goes way up or way down. The price staying within even a factor of 10 of the current level in the long term seems unlikwly to me.
So with that in mind, investing in BTC longterm is done in expectation of huge gains in the future. If that expectation pans out, do you think increasing your position with what money you have set aside now will provide any meaningful benefit? If the project fails and price crashes, how badly would you be kicking yourself for going all in?
60% is already a hefty slice of your funds in BTC. I see no reason to increase that unless you see BTC as a safe store of value instead of a high-volatility investment. And if you think BTC is not risky, I'd suggest thinking about it a bit more.
January 08, 2016, 07:36:24 AM
Gemini co-founder sees exciting time ahead as institutional investors enter Bitcoin market.
http://www.econotimes.com/Gemini-Co-Founder-Sees-Exciting-Time-Ahead-As-Institutional-Investors-Enter-Bitcoin-Market-140137
Quote
“Every day we are onboarding more and more traditional financial institutions who are only willing and able to work with regulated bitcoin exchanges,” he said. “In short, the “institutionalization” of bitcoin trading is most definitely happening as we speak. It will be a very exciting next 12 months as these types of investors enter the market.”
http://www.econotimes.com/Gemini-Co-Founder-Sees-Exciting-Time-Ahead-As-Institutional-Investors-Enter-Bitcoin-Market-140137
January 08, 2016, 07:31:33 AM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
Below Edited based on your above post.
I'm not sure if I understand what you're saying exactly (sounds like you are referring to your liquid assets when you say 65% is in Bitcoin and 35% in cash)
Anyhow, you sound a bit over invested in BTC, especially if you were to put all of your assets in BTC and the price were to move against you. Also, your description of your past BTC purchases sound drastic rather than reasonably measured.
If you are telling about all of your investments then Likely you need more diversification in your investments and your strategy to protect yourself in either direction .
January 08, 2016, 07:26:44 AM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
well imho 60% of ALL your money is a lot (I assume you don't mean assets other then cash and not all your savings....?)
I myself have 18k invested and 3.5k in elec since 2013 mining (some I got back as help on heat on house on the old gas budget....so Call it 3k)
So 21k invested ...and if I cashed out all LTC now with BTC I have it would be around 101 btc
The price BTC would have to be for me to be at a loss would have to be under around 210 bucks accordingly
Odds are better that BTC will survive. It moved imho from a scam/crooked/flim flam/ponzi in 2013 by the public at large to ...again imho a speculative/risky/crazy/long odds long shot
hey its progress.......from ponzi scam folk to currently imho now fast talking carpet bagger or more modern view...Amway Salesman..in 2015...so ...perhaps by 2018 we will have moved into
the trust range of 'used car dealer" .... dare to dream
(happy with my firefox btc and ltc ticker add on ....heh ...not sure why I did not put such up before on a browser http://neoranga55.github.io/bitcoin-price-ticker/
side note: check out this Indiegogo Tixie BTC Ticker campaign...pretty cool beans for $69 bucks imho https://www.indiegogo.com/projects/tixie-the-money-clock#/
anyway end of plugs
Well, yeah, 60% of all my savings. I bought 17 coins @200, then waited a year (or a few months), at the pump I got greedy and bought ~85 coins @600-700. At the moment, I am at about $0 profit/loss with this price range. But I guess I keep that FIAT, seems pretty risky. Was thinking about to get some coins at the 200 range a few weeks/months ago but missed that train.
January 08, 2016, 07:17:38 AM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
well imho 60% of ALL your money is a lot (I assume you don't mean assets other then cash and not all your savings....?)
I myself have 18k invested and 3.5k in elec since 2013 mining (some I got back as help on heat on house on the old gas budget....so Call it 3k)
So 21k invested ...and if I cashed out all LTC now with BTC I have it would be around 101 btc
The price BTC would have to be for me to be at a loss would have to be under around 210 bucks accordingly
Odds are better that BTC will survive. It moved imho from a scam/crooked/flim flam/ponzi in 2013 by the public at large to ...again imho a speculative/risky/crazy/long odds long shot
hey its progress.......from ponzi scam folk to currently imho now fast talking carpet bagger or more modern view...Amway Salesman..in 2015...so ...perhaps by 2018 we will have moved into
the trust range of 'used car dealer" .... dare to dream
(happy with my firefox btc and ltc ticker add on ....heh ...not sure why I did not put such up before on a browser http://neoranga55.github.io/bitcoin-price-ticker/
side note: check out this Indiegogo Tixie BTC Ticker campaign...pretty cool beans for $69 bucks imho https://www.indiegogo.com/projects/tixie-the-money-clock#/
anyway end of plugs
January 08, 2016, 07:12:25 AM
I fucking knew it. Goodbye kitty. We barely knew you. How could they do this to such an innocent creature? It's not fair.
I have this crazy feeling that when SHTF and BTC will hit next ATH, all these "initiatives" will suddenly -and magically- cease to exist.
January 08, 2016, 07:10:22 AM
I fucking knew it. Goodbye kitty. We barely knew you. How could they do this to such an innocent creature? It's not fair.
January 08, 2016, 07:05:58 AM
I have about 60% of my money invested in Bitcoin wich actually is at a non loss/non profit level @450. I got 35% of the rest of my money stored here at home. And I have no idea what to do with it? Should I invest this in more BTC? This is money I expect that I don´t need it anytime soon.
January 08, 2016, 07:02:01 AM
January 08, 2016, 06:43:49 AM
I don't know what this Bitpay node is, but if it's in any way a threat to our benign Core Masters then I can categorically state that Bitpay came around my shack and strangled my kitten. It hasn't happened yet but in a sense it already has and it definitely will. FACT.
January 08, 2016, 06:37:10 AM
Already 94 bitpay nodes!!
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
WTF is a bitpay node? Has bitpay started up its own version of the Bitcoin wallet? What's the differences between bitcoin XT nodes, Bitcoin Unlimited nodes, bitpay nodes, and bitcoin core nodes?
I know XT wants massive blocks if enough people use it, but I don't know what the other two contender wallets want.
I think brg444 said something about them wanting to destroy the world with their multiculturalist marxist agenda. And kill all the firstborn.
Everybody wants to stay on top of the world's hall of fame...
January 08, 2016, 06:28:06 AM
Already 94 bitpay nodes!!
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
https://www.reddit.com/r/btc/comments/3zzkqg/bitpay_core_v1299_already_at_94_nodes_and_counting/
So now, we have 570 bitcoin XT nodes, 120 Bitcoin Unlimited nodes, 94 bitpay nodes and 5000 bitcoin core nodes. Great.
WTF is a bitpay node? Has bitpay started up its own version of the Bitcoin wallet? What's the differences between bitcoin XT nodes, Bitcoin Unlimited nodes, bitpay nodes, and bitcoin core nodes?
I know XT wants massive blocks if enough people use it, but I don't know what the other two contender wallets want.
I think brg444 said something about them wanting to destroy the world with their multiculturalist marxist agenda. And kill all the firstborn.
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