Bitcoin Forum

Hello everyone,

I've been getting more and more serious about crypto trading. I started off about a year back here and there. Made some money trading small amounts and getting lucky a few times.

Made some money with STR too.

I've been floating 1-5BTC for the past year or so. Putt some money in, make some profit, take my principal out, risk a percentage of the profit --> repeat --> repeat.

Today however I decided to buy around 10 thousand $ worth of BTC. Quite a step up for me, probably not for some of you, from dealing with around 5BTC(around 1500$-2000$ worth at any given time). The price is so low I couldn't resist. I plan to hold out until the price increases. Meanwhile I'm trading some other crypto with calculated risk.

I'm not too greedy so I usually get 5-10% of my principal out after I make 5-10% profit. Until I get all my principal out.

What advice do you have for somebody like me? Whatever I'm trading with I'm prepared to lose, I know that is the golden rule. I'm also curbing my greed as much as possible, I'm willing to take risks, too.

God bless you.

I suggest trading in smaller amounts unless you can spare enough time to constantly watch the market's rises and falls.

Whack some in cold storage and trade the rest. How much to trade with you decide. If your making profit already don't let the thought of trading with more capital affect you.

Good luck!

Definitely buy some Banksycoin... Definitely  8)

I have the time to watch the market around 16hours/day with some hours gaps here and there.


Thank you, best of luck to you too. Generally speaking how much of your overall BTC/Crypto currency do you usually keep in cold storage? Any percentage that you feel comfortable with?

That's exactly what got me to invest 5 folds my usual principal. The risks are higher as far as losing money goes - but it's the same ball-game.


Never heard of Banksycoin. Little of bit of research lead me to believe that Bankycoin, I ofcourse assume you're affiliated with them, does not have good communication/development with the community. Something that can be detrimental for a relatively new crypto. I might be wrong though. Can you link me to some charts, history...etc.? I don't see myself venturing into a new crypto unless I get a really great feeling about it.

Thanks, but why? Are you referring to me being optimistic and taking the risk? I do notice that alot of people are selling like crazy and spreading negative vibes through the community. I believe in BTC - the price will go up, now, in 1 week, 1month, 1year, or whenever.

And herein lies the problem. Bitcoin is a religion to you (and many others in the Bitcoin community).

You seem to know what you are doing, keep your rules and profit month after month, accumulate bitcoins and fiat but don't hold too many BTC on the same website.

I see where you're coming from. But how would I invest in something I don't believe in though? Would you?

BTC serves its purpose, the reason it was built for, there is a need for BTC. As soon as I see things differently I will happily get out of BTC.

I believe in BTC because BTC has made me money, I base my conclusion on tangible data. Not because I have a romantic relationship with BTC's sister.

Thank you for the opportunity to offer additional information about Banksycoin in your thread.

We are the new team who has taken over Banksycoin development. We had a brief shaky start during the transition but are now moving ahead with some excellent partnerships and activity that will certainly take Banksycoin to new levels. Banksycoin is currently only trading at AllCrypt so there is not enough volume to show any real information. The trading availability of Banksycoin will be changing very soon though.

Feel free to PM or post in the Banksycoin thread (https://bitcointalk.org/index.php?topic=684008.860) if you would like to discuss more.  ;D

Thank you again.

Well it seems to me, that you have done your homework and that attitude is not a risk to you.
What I would advise you to do is to take good care of 2 things.
1. records & taxes
2. your banking connection.
 -->if you trade more volume in shorter timeframes, you will want to talk to your bank first and tell them beforehand or soon enough. maybe even use a seperate bank for your trading.
     I had to learn that the hard way and lost some weeks of trading, because my bank accounts were frozen and all my capital was locked in by my (ex-)bank.

Thanks for bringing that to my attention. I'll get in touch with my bank ASAP.

Sounds like your trading altcoins? If so step up to futures. It's more liquid, only have to monitor 1 or 2 markets, and offers leverage. jmho

Edit: NVM

Thanks for the tip.

Maybe p2p lending or investing into companies via Havelock or something similair?

This is what separates you from half of the community here. A long-term view...

Well let's be real here. Half of the community is in it for the astronomical rise/ bubble that will turn $10 into $10,000 or similar like when BTC rose to $1200 or so. I really hoped for Bitcoin to drop to $100 to get rid of more of the weak hands TBH.

Guys in the business of selling pensions love such customers.

More than half the community is here for the astronomical rise/bubble but more than half of them are not patient enough and disrespectful.
More than half the early investors in a successfull start-up are here for the astronomical rise/bubble but it doesn't mean the start-up is not here to stay and will not succeed.

Best step is to buy more at the current price or as soon as it drops.