I just feel more comfortable with fiat at the moment. If it goes up, I'll catch it up, I'll lose a bit but that's fine, just don't have a feeling the risk of staying behind is bigger than opposite.
This is the main problem with people in the bitcoin world. You trust fiat more? you certainly know that bitcoin can either go to $50 or go to $200 in a day, you just need to be patient and buy/sell at the right times. With fiat, well.. you have fiat, that's as fun as watching paint dry and by that I mean, slowly but surely that inflation is eating it up..
Yes, I trust fiat more at this moment. I've trusted bitcoins more for days before yesterday. I'm not investor, I'm trader and I'm not going to look my coins dipping to be worth 15/20/30 dollars less without selling and trying to buy more and have them more if I feel that's what I should do.
I don't care what anyone thinks about it, as long as volatility is as it is I'm not hoarding my coins, specially as I don't have enough of them to just wait to become rich
at some time.So, you do your stuff, I'll do mine. I'm not here to help your mined or cheaply bought coins being worth more, I know that's what early adopters want from people but I couldn't care less about their coins and what they want
, I'm here to make what's best for me If I lose all I've invested in btc, I won't lose a sleep, I've never invested more than I can forget. My point is it doesn't matter when you buy, you can buy BTC now at 135 and if it goes down, you might have to wait longer to sell, but eventually, you'll sell at a profit. Sure, you can wait and buy when it dips, then you will have to wait until it goes up again to sell, if it ever does go up... so it's a matter of timing, that's all
With fiat... you just have fiat...
Your point has serious problem - I was late yesterday to buy at 121 at first crash, if I had put my order 10-15 seconds before, I could make hundreds of dollars in 2 minutes. Then again do it 2-3 times til today in some longer periods. I did bought them in low 120s again and sold in 130s but I've missed 2 earlier opportunities - one because I was late, 2nd because I was not in the state to rationally try to analyze the market so I just decided to miss it.
Your point completely takes those possible profits out and suggests I should buy now at 136, eventually sleep through it's dipping to 120 and wait if it goes up above my entry point to make some profit. It's not only pretty nonsense system, it's boring too, I'd rather sell socks on the street
I'm here to grow my small group of coins or lose them all. I don't care what price of btc would be in 5 years if I have them as many as I do now.
My point is way more fun than holding fiat, that's for sure. Yesterday if you bought at 130 (I'm just calling the somewhat average for yesterday since it went to 122 and it was at 150 earlier on the day, you had plenty of chances to make money, if you didn't then you're not a good trader.
No one can call the absolute top or bottom, I sold at 147 and I bought at 135, yes, I could have bought at 122, but who knows how low is going or how high? no one really knows.
your strategy of holding fiat, sure, I respect it, it's just seem so dull and boring... I keep my amount of bitcoins consistent and I buy/sell on dips and I use the leftover fiat as winnings I don't buy more bitcoins because I already have the amount I want. But I keep my coins and I just use fiat to withdraw. Again, I'm not a trader, but when there are obvious opportunities to trade I'd do it.
