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Title: If you don't need the money, and don't have the time, just stash your coin. Post by: crazy_rabbit on May 16, 2013, 05:59:22 AM To be honest, if you don't need the money (you don't right? Considering it's the riskiest investment around....) and you don't have the time to watch the news for Bitcoin related info and never sleep (in order to catch falling knives), you're best bet is to just stash those coin on a paper wallet and go about your normal life.
At this point, things are going to be just fine for the near future. You only risk fudging something up by leaving money on an exchange, *not* catching the falling knife, or some other catastrophe that can happen on any odd day when you're not pay attention. Make peace with the coin you have and go back to real life. (Or better yet- go back to building that super cool thing you were working on). Yeah, speaking from personal experience here. :-) Title: Re: If you don't need the money, and don't have the time, just stash your coin. Post by: UltimateReaper on May 16, 2013, 07:15:12 AM Title: Re: If you don't need the money, and don't have the time, just stash your coin. Post by: ElectricMucus on May 16, 2013, 01:40:33 PM I *always* need money.
Title: Re: If you don't need the money, and don't have the time, just stash your coin. Post by: Pzi4nk on May 16, 2013, 04:20:07 PM I agree there's a certain elegance to the "buy BTC and hold" strategy, but I think it's much more fun to be involved in the market. That's part of what makes bitcoin so attractive right now.
Title: Re: If you don't need the money, and don't have the time, just stash your coin. Post by: joesmoe2012 on May 16, 2013, 05:57:55 PM I think it may be a bit overvalued to be buying in at this level for a long term investment
Title: Re: If you don't need the money, and don't have the time, just stash your coin. Post by: michaelGedi on May 16, 2013, 06:51:04 PM fair point OP. I made a large profit from the 50-160 post bubble rally.... I have since lost it all bit by bit in each skirmish I attempted. If I'd bought at $77 and just held, I'd be a lot better off than trying to play day trader... ASICMINER shares are my mid term solution for now... hopefully if BTC is devalued against the dollar, I will have a higher share price and a few dividends to balance that out. Otherwise I'll be up a lot more (if the shares don't tank). It's a risk multiplier, but hey, everything in BTC seems risky for the time being! :) |
