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261  Bitcoin / Bitcoin Discussion / Re: New investor...Bought into market recently when bitcoin was $4600 on: September 14, 2017, 11:37:03 PM
Just a quick sidenote... you mention that you diversified by buying altcoins. That is not diversification.

As far as investment portfolios are concerned, all coins come under the same line, "crypto". Sure, there is some variance, but it's irrelevant.
Don't trick yourself into thinking you have a diversified portfolio when it's bitcoin and other coins.

Mostly, altcoins are only really good for speculative/day trading.
262  Bitcoin / Bitcoin Discussion / Re: Is it as bad as it seems to be? on: September 14, 2017, 06:54:01 PM
things seem _that_ bad?
263  Economy / Speculation / Re: Calling the bottom here. Currently at $3344 on: September 14, 2017, 05:28:24 PM
$1400-$1600

though that will be the lowest dip. closer to $1800 for the voluminous "level"
264  Other / Archival / Re: I hate China. on: September 14, 2017, 05:26:49 PM
you hate a country because you were fiscally irresponsible?
265  Bitcoin / Bitcoin Discussion / Re: Scenario > Bitcoin goes to 100. How will that affect you ? on: September 14, 2017, 04:09:46 PM
If Bitcoin fell to 100 I would a) still be making a significant profit over my initial entry point and b) buy so many coins my trezor cracks in half.
266  Bitcoin / Bitcoin Discussion / Re: What happens to BTC if all countries shut down exchange trading like China? on: September 14, 2017, 03:59:18 PM
speculative investment does not need an exchange in order to happen. And this is one of the primary reasons why exchanges will not be banned.
Exchanges are the primary foothold for governments and LEAs into the world of bitcoin. They break down even the feeble anonymity Bitcoin provides in terms of customer identification.

But even without exchanges, speculative investment would continue to take place. Not to mention the presence and arrival of decentralized exchanges (Think Exscudo)
267  Bitcoin / Bitcoin Discussion / Re: What happens to BTC if all countries shut down exchange trading like China? on: September 14, 2017, 02:47:05 PM
Predicting the future is impossible.

In reality, though, in all likelihood even an unlikely worldwide blanket ban on exchangers and trading platforms would merely cause a huge drop in anticipation of the closure (i.e. what's happening now with china, people getting out of the uncertain future, cashing out), then the "economy" would work around the problem and rebuild. There would be new ways to exchange bitcoin to real world value, and the price would eventually rise again.

Either that, or bitcoin fails completely, but that's both unlikely and unrelated to a ban of exchangers.
268  Bitcoin / Bitcoin Discussion / Re: Bitcoin 'is a fraud' that will 'blow up,' FUD OR FACT on: September 13, 2017, 08:12:02 PM
If we look at facts, well we can state it is NOT a fraud, for the simple reason that the "currency" itself cannot be a fraud, it's merely an item, albeit virtual, that people give value to.

There are plenty of frauds in the world of Bitcoin, and there are plenty of legitimate businesses and investments.

What the more "proper" question is, does it have legs to stand on, or will it blow up.

Short answer is, of course it will blow up. Just like any currency in the world. Even commodities do. Might be short term, long term, or the end of the current civilization. (for how many centuries were the roman currencies valuable?).

In the end, Bitcoin has value, now, because value is being given to it. Impossible to truly predict, also because human actions will affect the future of the system.

The smart thing to do? Exploit it to make the most out of it possible, and convert part of the gains as times goes on into a varied portfolio of wealth-protecting Investments/items.
269  Economy / Speculation / Re: Bought my first BTC @ $4600, slightly worried on: September 13, 2017, 07:39:12 PM
The biggest mistake is assessing a buy in terms of immediate result. Unless you want to day trade, the only relevant info is, at most, quarter-on-quarter change.

IMHO the fun in bitcoin is in trading (well, with a portion of your coins), but for situations like yours hardware wallet is a good idea. make sure to keep good backups though.
270  Economy / Speculation / Re: Bought my first BTC @ $4600, slightly worried on: September 13, 2017, 04:48:09 PM
Lots of nice words, some silly ones too, in this thread.

Reality is just a little simpler yet more complicated.

You bought "high", as in you bought during a bullish moment of growth. That's only a mistake in some very specific cases, so unless you used your rent/food money to buy those coins, and unless bitcoin died tomorrow (hint, that won't happen), you did fine. Not brilliant, but fine.

Now how to deal with the current collapse (other hint, you've not been in a crypto crash until you lose 60-80% of your potential value)?
This answer is where the simple yet complicated decisions come, and it's up to you.

Did you use money you needed in order to live to invest in bitcoin? Sell, now, at a loss, and don't come back until you've got money you can afford to light a cigar with.
You will rot your blood if you play with money you need to live off.

Did you buy these coins with a large fraction of your "superfluous" wealth? Then hold tight onto them, chances are very high that eventually price will increase above and beyond your entry point. Is it guaranteed? nope. Do we have a timeframe? Sure. Something between a day and a decade.

Do you have a considerable amount of superfluous funds you are interested in using to invest? One possible strategy is to lower your break-even point by purchasing additional BTC at price-points lower than you did when entering. Word of warning, this increases your exposure and potential loss, and needs to be done with care. a possible strategy is to set yourself budgets. Say... I will purchase 0.1 BTC if it hits 3900, then another 0.10 if it hits 3800. then 0.2 at 3500. maybe finish with 0.3 at 2500 and 0.2 at 2000 as placed orders in case of a full correction or flash crash.

These are just some of the options you've got. Just keep in mind that if the value of bitcoin worries you, you're playing the game wrong.

We all need to be here with the knowledge one day our crypto networth might become irrelevant, valued at 0. This resignation is what lets you act rationally and clinically when investing. Also, and learn this quick, never keep all your eggs in one basket. you win some, you lose some. be sure to always have something else.
271  Bitcoin / Bitcoin Discussion / Re: Fear. on: September 12, 2017, 06:38:35 PM
Well, any trader banking on bitcoin growing infinitely or never crashing probably should be fired.

one riding the waves, making silly ammounts of profit (and taking it out)... hmm...
272  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: August 31, 2017, 03:24:25 PM
Hate to break it to you, but that's Windows 7 running classical theme. And it's pretty hard to mistake it for Windows 98.

I realize most people here have an agenda, but frankly if you havn't made your initial investment back and you anrn't holding "free money" on the off-chance this really does take off (and I think it should), then you're in the wrong game.

All the rest is fruitless speculation and bickering.
273  Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][ICO] ChronoLogic - Proof-of-Time token on Ethereum [BOUNTIES] on: August 28, 2017, 02:59:24 PM
Quote
Why on earth would you amp up the investment minimum from 1 to 5 eth with no prior notice?


There is a warning you specifically accept when displaying the contribution address, direct mail was sent to all registered individuals, it was boldly stated in on the blog and slack, AND the webinar (and, frankly, if someone wanted to invest in this token, the webinar was not optional) mentioned this constantly from 59 minutes till well over the countdown (it closed minutes ago).

There is no excuse whatsoever, nor any blame for the team, if someone sent in less than the required minimum. The change, as you can read from their blog, was a neccessity to preserve value for investors and fend off potential attacks.

if so many people are sending 1, than we can expect a good portion of these are actually automated submissions set up exactly to perform the attack by malicious individuals. those who are nothing more than innocent fools... well, a fool and his money...
274  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: July 12, 2017, 12:25:03 AM
the sales volume was tiny after the first 24-36 hours, I wouldn't be surprised if a good bit of it is just back-and-forth trading by bots and day-traders
275  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: July 11, 2017, 04:55:21 PM
He's right guys, who's in for a nice trip to NY to jump off the empire state building?
276  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: July 10, 2017, 12:52:25 PM
Let's say the coin goes to 0.01$

why would that in any way indicate a failure for the overall project? People seem to enjoy the sound of death knells way too much. Let the project fail and die before you dance on its corpse.

In the meanwhile, let's see what the chaps behind the scenes have in their sleeves.
277  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: July 08, 2017, 09:56:09 AM
there is nothing wrong with that, that's how big opportunities happen. If MCO were to fall to cents, heck I'd probably go all in for a million.

sure, it MIGHT all go down the drain (each and every ivestment should start with that assumption anyways), but if people let the price drop so hard, they create opportunities. Think when NXT hit 900 satoshi.
278  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: July 07, 2017, 01:58:41 PM
you lost that money yourself, not because of the market. The way it fluctuated, there is very little excuse not to have made at least some profit.

Of a 1BTC investment on Bittrex, I currently have 0.74 BTC and around 1000 MCO I'm holding. that means that even at the current price I'm still at an overall gain (and holding below .0008 was a choice).

Sell at a loss, lose.

easy as pie.
279  Alternate cryptocurrencies / Announcements (Altcoins) / Re: ANN [MCO] MONACO #1 Cryptocurrency Payments Card on: July 06, 2017, 05:20:50 PM
This is investing 101.

Aside from it being far too early to call it doom (cutting losses at 50-60% is not exactly doom either, even if that were to have to happen now), investing is a gamble on risks, and you can never truly lose if you use a little bit of smarts.

Sure, you can bomb an investment or three, but only stupidity can bankrupt you.

If, however, you do use some smarts, there is plenty that can be done to reduce risk even lower. Think about the pendulum MCO had the first few hours (more than 24h mind you). With some effort it was almost childishly easy to earn some extra money without ever even touching your initial investment (thus offsetting the initial cost of the investment).

in the end it's the overall that counts. each step can either be a winner or a loser, but it's the overall game that counts.

just be smart and don't run on emotion, run on convenience and risk mitigation.
280  Economy / Speculation / Re: BTC will be back in $1,000 ? on: June 26, 2017, 09:14:19 PM
if you accept payment of any kind in crypto and you don't _immediately_ convert at the very least cost to fiat you are a fool and can hardly complain of any loss. Never play with money you can't afford to light cigars with.
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