What do you do with your BTC during the downtrend?

oda.krell

legendary

Activity: 1470

Merit: 1007

I purposefully buy high and sell low.

It gives me an incentive to prostitute myself out to strange men to make up for losses.

I could just do this without buying high and selling low. But if I did that, I wouldn't be desperate. If I'm not desperate, my "work" suffers.

I mean, a streetwalker that REALLY needs the money gives a better blowjob than one that doesn't, right?

I recommend this to others.

I aim to do the exact opposite.

Or how did you think your customers manage to afford you?

TERA

hero member

Activity: 728

Merit: 500

Split into 4 parts:

1) Leveraged short on bitfinex to cover all the coins

2) Accounts on altcoin exchanges to trade alts

3) Cold storage.

4) Fiat withdrawn to bank account

EricTyle

full member

Activity: 152

Merit: 100

Well... I get so upset that I have so many, and they're worthless that I sell them. But then I get upset that I don't have any when they go back up so I buy some more. It's a vicious cycle!

Zohann

member

Activity: 92

Merit: 10

Quote from: ?? on ??

I purposefully buy high and sell low.

It gives me an incentive to prostitute myself out to strange men to make up for losses.

I could just do this without buying high and selling low. But if I did that, I wouldn't be desperate. If I'm not desperate, my "work" suffers.

I mean, a streetwalker that REALLY needs the money gives a better blowjob than one that doesn't, right?

I recommend this to others.

I try to do the opposite of this so I can afford more hookers.

Ed4252

full member

Activity: 204

Merit: 100

It's a serious question. If I know something is gonna go down in value, I'm not going to keep on holding on to it. I want to max profits.

Also, if the bubble pattern continues, the time to buy will be in March/April 15...so

BTCfan1

full member

Activity: 196

Merit: 100

sit and watch ... .... ............ Huh

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: oda.krell on June 26, 2014, 05:46:59 PM

Quote from: Miz4r on June 26, 2014, 05:17:54 PM

Quote from: Ed4252 on June 26, 2014, 04:33:17 PM

What does everyone do with their BTC's in the downtrend when you knew it was going to happen?

from April 2013 to Oct 2013..did you just keep it in BTC while it was going down in $$$ value or did you take it out and put it in the bank and/or invest that amt in stocks?

I bought more BTC as it went down as I was underwater and didn't want to sell. I also tried to play the swings with a small number of coins to increase my coin total, which was only mildly successful. And then I screwed up in June by investing a pretty large portion of my coins into a pre-order for a KNC miner. Although in the end it worked out alright due to the November rally later on. I managed to mine about 60% of my coins back in the end. Good lesson learned there.

What's the lesson, in your opinion?

Not to mine btc unless you're planning on setting up a farm sized operation? Or not to use pre-orders?

The lesson I learned was that I should not have used such a large portion of my BTC for investing in mining BTC. I should have invested like 10% of my coins in mining. And also the whole pre-order thing wasn't a good idea, having to wait several months for a miner to hopefully arrive on time is just too much uncertainty and risk. You have to pray that the difficulty won't rise too fast (which it did), that the mining hardware company can be trusted to deliver on time and as promised, and that the BTC value won't tank in the mean time. Luckily the company delivered only two weeks too late and we saw a huge rally, but that's not something I'm going to want to count on next time I'm thinking of investing my coins. Tongue

akujin

sr. member

Activity: 336

Merit: 250

Buy if it's going up, sell if it's going down Grin

Wandererfromthenorth

hero member

Activity: 742

Merit: 500

Sell it + shorting

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: Miz4r on June 26, 2014, 05:17:54 PM

Quote from: Ed4252 on June 26, 2014, 04:33:17 PM

What does everyone do with their BTC's in the downtrend when you knew it was going to happen?

from April 2013 to Oct 2013..did you just keep it in BTC while it was going down in $$$ value or did you take it out and put it in the bank and/or invest that amt in stocks?

I bought more BTC as it went down as I was underwater and didn't want to sell. I also tried to play the swings with a small number of coins to increase my coin total, which was only mildly successful. And then I screwed up in June by investing a pretty large portion of my coins into a pre-order for a KNC miner. Although in the end it worked out alright due to the November rally later on. I managed to mine about 60% of my coins back in the end. Good lesson learned there.

What's the lesson, in your opinion?

Not to mine btc unless you're planning on setting up a farm sized operation? Or not to use pre-orders?

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: Ed4252 on June 26, 2014, 04:33:17 PM

What does everyone do with their BTC's in the downtrend when you knew it was going to happen?

from April 2013 to Oct 2013..did you just keep it in BTC while it was going down in $$$ value or did you take it out and put it in the bank and/or invest that amt in stocks?

I bought more BTC as it went down as I was underwater and didn't want to sell. I also tried to play the swings with a small number of coins to increase my coin total, which was only mildly successful. And then I screwed up in June by investing a pretty large portion of my coins into a pre-order for a KNC miner. Although in the end it worked out alright due to the November rally later on. I managed to mine about 60% of my coins back in the end. Good lesson learned there.

Melbustus

legendary

Activity: 1722

Merit: 1004

Quote from: Ed4252 on June 26, 2014, 04:33:17 PM

What does everyone do with their BTC's in the downtrend when you knew it was going to happen?

from April 2013 to Oct 2013..did you just keep it in BTC while it was going down in $$$ value or did you take it out and put it in the bank and/or invest that amt in stocks?

Same as I do during the uptrends. Use it, talk about it, show new users the benefits.

Is this a trick question or something?

gentlemand

legendary

Activity: 2590

Merit: 3015

Welt Am Draht

Set a load of BTC on fire with alts.

blatchcorn

sr. member

Activity: 952

Merit: 281

hodl

jamesc760

sr. member

Activity: 448

Merit: 250

You buy more bitcoins and add to your cold storage during the downtrend.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Ed4252

full member

Activity: 204

Merit: 100

What does everyone do with their BTC's in the downtrend when you knew it was going to happen?

from April 2013 to Oct 2013..did you just keep it in BTC while it was going down in $$$ value or did you take it out and put it in the bank and/or invest that amt in stocks?

Topic: What do you do with your BTC during the downtrend? (Read 1379 times)