My strategy is simple, be a bull in the bear markets and be a bear in the bull markets. That always works out :O
How do you decide which it is?
Topic: Why do you have bitcoins and what is your strategy? (Read 5009 times)
How do you decide which it is?
My strategy is simple, be a bull in the bear markets and be a bear in the bull markets. That always works out :O
The ability to transfer value over internet without any third party is amazing, the benefit of bitcoin can be far beyond the imagination of today's human, so far only a few limited usage have been discovered
I just want to get more and more of bitcoin, join the digital property rush in cyberspace, and see in ten years how things will develop
I just want to get more and more of bitcoin, join the digital property rush in cyberspace, and see in ten years how things will develop
What if this slow and steady decline is the price of Bitcoin falling down to a level that represents the increased volume of Bitcoin trading due to Paypal, Dell, and other retailers accepting it for payment? What if this price settling will make Bitcoin more affordable to the masses? What if this stability is the foundation upon which Bitcoin can be seen as a viable currency for the future?
Bitcoin will reach stability when will be mined the 21 first million one. The price? I don't know. No one knows it. But I believe it will be a lot higher than now.
Because I think it's a good investment. I just have a quite small percentage of my savings invested, because I think that it probably won't work, but if it does, if it becomes widely used, I'll become rich with just investing an small amount of money.
Bitcoin is nice but at this point I don't really know if bitcoin will play a significant part of the financial system in the future. But I think there is a good chance that we will see a new all time high. I want to make money. I can't buy things I want with idealism.
But: It is worse to missing out profits than losing money
But: It is worse to missing out profits than losing money
I can see it taking over in more and more places. I have already reached points where I have used Bitcoin and wonder what other method I might have used if it was not so easy to use Bitcoin.
I get paid in dollars but live in Germany so converting my paycheck to bitcoins is necessary. I still have a mortgage so I use some dollars towards paying that down but my house is rented and the rent almost covers the mortgage. For income tax purposes I have been putting more dollars towards the mortgage (about $4k per month) instead of cashing out bitcoins for a profit to pay it off. With the price this low I dropped my payment to $2k this month so I can put more toward bitcoins.
My apartment here in Germany is actually rented via airbnb which they said is working on accepting bitcoins. That would be perfect.
I get paid in dollars but live in Germany so converting my paycheck to bitcoins is necessary. I still have a mortgage so I use some dollars towards paying that down but my house is rented and the rent almost covers the mortgage. For income tax purposes I have been putting more dollars towards the mortgage (about $4k per month) instead of cashing out bitcoins for a profit to pay it off. With the price this low I dropped my payment to $2k this month so I can put more toward bitcoins.
My apartment here in Germany is actually rented via airbnb which they said is working on accepting bitcoins. That would be perfect.
According to some bitcoin bulls, each bitcoin will be worth $100k or more in the coming years. I'm in on bitcoin as I'm waiting to pay off my house just by sitting on bitcoins rather than working the next 20 years.
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Bitcoin is a great investment AND the prime mover of an economic/political paradigm shift
that I want to support and be a part of.
Strategy is hold a good amount of coins...Not too many
that I would be financially in trouble if Bitcoin went
to zero (iow, not my life savings), but enough to
reap the rewards when Bitcoin starts to march
toward its real potential. I see no reason why
Bitcoin can't become a trillion dollar market, but
we will need some years to get there. Maybe
10 or more, but thats ok, I have patience.
that I want to support and be a part of.
Strategy is hold a good amount of coins...Not too many
that I would be financially in trouble if Bitcoin went
to zero (iow, not my life savings), but enough to
reap the rewards when Bitcoin starts to march
toward its real potential. I see no reason why
Bitcoin can't become a trillion dollar market, but
we will need some years to get there. Maybe
10 or more, but thats ok, I have patience.
I was captivated with its concept.. Really, I did..
I always imagined that once we went down from $600, it would be best to hedge and short at least quite decent amount of your holdings. This turned out to be wise. Even now, things may still turn out for the worse, but it may be prudent to hedge again and regain a certain position!
hodling until 10k at least
I want to be a part of history that is why I keep my coins
History? You still think that BTC will be part of our history huh..
What if this slow and steady decline is the price of Bitcoin falling down to a level that represents the increased volume of Bitcoin trading due to Paypal, Dell, and other retailers accepting it for payment? What if this price settling will make Bitcoin more affordable to the masses? What if this stability is the foundation upon which Bitcoin can be seen as a viable currency for the future?
The continuous bleed in prices still has not made me waiver from my strategy of buying on the dips and just holding. Because we have gone down so far i have bought much more than i was planning on
Participate in this experiment, witness mistakes by centralized political structures around the world.
I want to be a part of history that is why I keep my coins
I understand that people need to live, and also need access to their money, but if you can afford to, I think the best strategy would be not to sell any BTC at all. Spend the money that you make from your salary or paychecks, and keep adding some to your BTC holdings.
Even if you are "selling high" and "buying low" you will be missing out on the holding until it is "sky high"
I think people need to be reminded that there will only be 21 mill BTC, which is not even enough for each person in California to have just 1 (let alone the entire world). So when this thing becomes grand scale...and it eventually will, the more BTC you have, the better...
Even if you are "selling high" and "buying low" you will be missing out on the holding until it is "sky high"
I think people need to be reminded that there will only be 21 mill BTC, which is not even enough for each person in California to have just 1 (let alone the entire world). So when this thing becomes grand scale...and it eventually will, the more BTC you have, the better...
My strategy is very simple: if bitcoin's price goes up, I'm selling some, if it goes down, I'm buying more. IMO, in trending markets like Bitcoin it prevents bagholding and it prevents missing the train when the price moonrockets
Buy cheap and HODL!
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