Bitcoin Forum

I have read many great threads lately about slow exit strategies for BTC (SSS). What strategies are used when buying BTC or increasing your BTC holdings?

You can increase your BTC holdings buy converting it to LTC when the LTC/BTC ratio is low, and then flipping to back to BTC when the ratio is higher.

TRADING 101? but what are some passive income generation ideas?

That is extremely risky. Litecoin is a highly volatile currency. Remember, many months ago it was trading at 0.0025 against the BTC, but then peaked at 0.05 vs BTC. That is a rise of some 20 times. But at the same time, nothing prevents it from dropping back to the 0.0025 levels. Most of the Litecoin based ventures have closed (LTC-Global, Atlantis.etc). So the currency is in a very weak footing). 

Yes, just like in FIAT currency FOREX. Or actually when BTC price isnt very stable you can Flip FIAT/BTC too...

Gambling at places with highest odds for gamblers and quit when your up
http://dicenow.com (http://dicenow.com) has 49% gambling odds

Invest in bitcoin companies

Trade bitcoin/altcoin on exchanges

Buy promising altcoins cheap before they hit big and sell once they hit cryptsy

create your own altcoin with unique features or massive marketing campaign and profit

Buy low and sell high?

Oh yeah, you could increase your BTC holdings at primedice also. You may also completely deplete your btc as well. Lol

Remember that there'll always be a possibility that you'll decrease your holdings too if you invest/gamble/arbitrage with them. Caveat emptor.

True. So you know how they say "only invest what you can afford to lose?" With gambling, you should only play with "only what you REALLY REALLY can afford to lose." Lol

when I have a large BTC wallet I will forge a samuray sword and engraving my private key on it, then try to sell as a rare tangible stuff ...

How to engraving sword ..
http://www.sword-buyers-guide.com/sword-engraving.html (http://www.sword-buyers-guide.com/sword-engraving.html)

its a brave man who trades alts tio increase btc holdings
good luck

There is only one risk-free strategy to increase your BTC-holdings. Convert your fiat to Bitcoin, when the exchange rate is below $400. Sell two-thirds of them when the exchange rate gets to $600. Now you have the fiat as well as Bitcoins. In my opinion, this strategy is much better than risking your coins by trading Altcoins like LTC or NMC.

Right now you can buy NobleCoins it has a good profile, hard work and is on the raise. It has raise 550% in 2 days and still growing, it will raise at least 250% more in this week.

It's simple, going long on Bitfinex.


Fuck LTC or any other altcoin, they offer no guarantee of anything, it's risky and you can just lose BTCs.

processor Lx memory in instore  ;D

you are a risk lover
good luck with your trade

Buy and hold is the choice.

Worked good for me ;)

buy low and sell high or invest some money at the proper time.

~95% chance of this ending in tears.  Don't.

Maybe Im doing this wrong,but it working so far:


Buy EVERY TIME the price drops, and sell every day no matter what the price is.

As long as you keep putting more in, and keep selling to cover any loses, you will do good. The quicker you can trade, the more money you can make. stop worrying about buying in as much as cashing out to fund reinvestments, loosing money you earned elsewhere is just gonna piss you off.. If you can buy 100 and sell 90 for what you paid, that free 10% can start an unstoppable chain reaction that would never take off with pocket money. 



Until the day btc goes back to $2 and never recovers of course.

sell high

buy low

Your btc will increase continuely

Arbitrage (doing it yourself or letting a company you trust do it for you) is probably the safest and one of the most profitable ways.

Arbitrage
Pros:
1) relatively easy to learn
2) low risk
3) very profitable
4) can make money no matter if the market goes up or down or hardly moves at all

Cons:
1) takes a lot of time
2) investing in companies may result in getting goxxed
3) succes depends on spread, low spread means no good arbitrage opportunities.

Trading:
Pros:
1) very profitable of done correctly

Cons:
1) pretty risky
2) hard to master
3) can get goxxed for leaving your bitcoins at the exchange
4) success depends on market movement

Mining:
Pros:
1) once set up, does not take much time/effort
2) no risk
3) pretty predictable stream of income

Cons:
1) high start up costs (miners are overpriced)
2) there's not a single merchant that actually delivers in time (huge loss of potential profit)
3) high electricity bills, especially when you live in areas where electricity is expensive (like Europe and large parts of the USA)

Investing
Pros:
1) doesn't take a lot of time
2) you stimulate the bitcoin economy (if it's a legit business that actually does something good for bitcoin)
3) in some cases you can get compounding returns (for example dividends which you can reinvest)
4) in some cases you may have some influence in the companies you invest in.

Cons:
1) business are risky (they can collapse or gox you)
2) even if they are legit, they may have bad results, maybe permanently, maybe for a few months