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Title: What do you do with your BTC during the downtrend? Post by: Ed4252 on June 26, 2014, 09:33:17 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 $$$ value or did you take it out and put it in the bank and/or invest that amt in stocks? Title: Re: What do you do with your BTC during the downtrend? Post by: fonzie on June 26, 2014, 09:50:32 PM Title: Re: What do you do with your BTC during the downtrend? Post by: jamesc760 on June 26, 2014, 09:59:50 PM You buy more bitcoins and add to your cold storage during the downtrend.
Title: Re: What do you do with your BTC during the downtrend? Post by: blatchcorn on June 26, 2014, 10:09:55 PM hodl
Title: Re: What do you do with your BTC during the downtrend? Post by: gentlemand on June 26, 2014, 10:10:43 PM Set a load of BTC on fire with alts.
Title: Re: What do you do with your BTC during the downtrend? Post by: Melbustus on June 26, 2014, 10:13:08 PM What does everyone do with their BTC's in the downtrend when you knew it was going to happen? from April 2013 to Oct 2013..did you just keep it in BTC while it was going down in $$$ 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? Title: Re: What do you do with your BTC during the downtrend? Post by: Miz4r on June 26, 2014, 10:17:54 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 $$$ value or did you take it out and put it in the bank and/or invest that amt in stocks? I bought more BTC as it went down as I was underwater and didn't want to sell. I also tried to play the swings with a small number of coins to increase my coin total, which was only mildly successful. And then I screwed up in June by investing a pretty large portion of my coins into a pre-order for a KNC miner. Although in the end it worked out alright due to the November rally later on. I managed to mine about 60% of my coins back in the end. Good lesson learned there. Title: Re: What do you do with your BTC during the downtrend? Post by: oda.krell on June 26, 2014, 10:46:59 PM What does everyone do with their BTC's in the downtrend when you knew it was going to happen? from April 2013 to Oct 2013..did you just keep it in BTC while it was going down in $$$ 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? Title: Re: What do you do with your BTC during the downtrend? Post by: Wandererfromthenorth on June 26, 2014, 10:47:10 PM Sell it + shorting
Title: Re: What do you do with your BTC during the downtrend? Post by: akujin on June 26, 2014, 11:03:51 PM Buy if it's going up, sell if it's going down ;D
Title: Re: What do you do with your BTC during the downtrend? Post by: Miz4r on June 26, 2014, 11:34:40 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. :P Title: Re: What do you do with your BTC during the downtrend? Post by: BTCfan1 on June 26, 2014, 11:48:21 PM sit and watch ... .... ............ ???
Title: Re: What do you do with your BTC during the downtrend? Post by: Ed4252 on June 27, 2014, 12:43:55 AM 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 Title: Re: What do you do with your BTC during the downtrend? Post by: Zohann on June 27, 2014, 01:27:37 AM 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. Title: Re: What do you do with your BTC during the downtrend? Post by: EricTyle on June 27, 2014, 04:44:46 AM 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!
Title: Re: What do you do with your BTC during the downtrend? Post by: TERA on June 27, 2014, 08:18:42 AM 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 Title: Re: What do you do with your BTC during the downtrend? Post by: oda.krell on June 27, 2014, 12:40:15 PM 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? |
