Bitcoins and a New beginning

[shiunsai]

I've become very interested in bitcoins and bitmining lately, I am 23 and 3 days away from graduating with my finance degree and minor in econ (have it I pass this one specific econ class....). I have high hopes for a new future, planning on what I am going to be building for my mining rig. I have a badass gaming PC but it has an Nvidia gpu :\ so i'll have to get a radeon or something from BFL. I am really ambitious and really anxious, although mining has been very anything but joyous (so much time spent for 0.02BTC) I keep thinking of new ideas and am about to move my concentration of analyzing stocks to analyzing BTC trade trends with technical analysis. I would like to get rolling, so maybe one day I can be there helping out the whole community like it is helping me now and forever!


Thanks for reading my current status and goal.  If you are feeling generous and want to support my graduation (I'll even scan my future diploma =)) then I would love you. Once i get 3 donations i'll do a backflip and post a video! (asian ninja skillz)


BTC to help me get started! 1JqSXZRnWRotwkvCov9m6FyZTAEV3Fw4kP

LTC  Lgwq5DQmhZjF3xJPkUPx4n4GEBHcNKrDmm

[creativex]

Fascinating panhandler pitch.

[shiunsai]

Gotta start capitalizing on my graduation unfortunately bitcoins weren't out during my highschool graduation. ew, highschool.

[toffoo]

Some thoughts to get you started, from someone who's been involved in this since before yesterday:

• Don't waste your time or effort mining.
  
• Take whatever spare dollars you have lying around (and whatever you were planing to spend on ATI or BFL) and transfer it in to two or more bitcoin exchanges.
  
• Do not waste your time thinking about trends or technical analysis.
  
• Immediately put about 20% of your capital in bitcoins, leaving the remainder in USD on or near the exchanges.
  
• Scale that 20% target percentage to 50% over the next 3 months or so.
  
• Rebalance your BTC/USD holdings when it moves +/- 5% outside of your target.
  
• Place scaled bids below the market and scaled offers above the market using 10-15% of your capital.
  
• Keep the majority of your BTC on your own PC (USB key/paper wallet/brain wallet) and well protected, not in a web wallet or exchanges.
  
• AVOID SCAMS and SCAMMERS.
  
• Find something useful or valuable that you can do or make and sell it for bitcoins.  Something that somebody would also pay you dollars for.
  

Good luck.

[shiunsai]

oh wow, thanks a bunch. Okay so you're basically saying instead of mining, reinvest my capital into bitcoins now and early. Keeping my BTC off a wallet, so in other words they could be dispersed on the exchanges and is that what you'd mean by brain wallet?  I started talking to my friend about BTC and it was ~ 11.50 each, now they are 13+, i can see a buncha potential gain for the future

[RaTTuS]

http://skude.se/BTC/

[Aahzman]

See, beggars? *THIS* is how you pandhandle! Compelling business case, DEFINED reward for participation ie video-taped backflips, and humourous posting!

[shiunsai]

hahaha why thank you! have yet to have instant dividends from my post....but still hoping =)  im all pumped to tape a backflip tmrrw guys! a clean one if that.

[Kazimir]

Once i get 3 donations i'll do a backflip and post a video! (asian ninja skillz)

Congratz, you made it

*gets popcorn, eagerly awaiting crazy backflip video*

[shiunsai]

Yes, i did make it. =) expect entertainment ! i need to get home to my camera though currently on campus

[nobbynobbynoob]

See, beggars? *THIS* is how you pandhandle! Compelling business case, DEFINED reward for participation ie video-taped backflips, and humourous posting!

Was worth a ha'penny from me, for sure, spesh for a n00b.

[shiunsai]

got the morning ahead of me, havent done one of these in like a year, wish i had room inside but it'l have to wait a second, in the mean time i think of my next trick......

[shiunsai]

http://www.youtube.com/watch?v=jn8DALBH1Gw&feature=youtu.be =) thanks again

[Jaw3bmasters]

http://www.youtube.com/watch?v=jn8DALBH1Gw&feature=youtu.be =) thanks again

Nice. Your hands touch the ground though, so.... 9:3

[shiunsai]

crap! well, i guess that'll do for being a bum for many years =P

[Kazimir]

Hey, that's awesome. I applaud to you, sir

[shiunsai]

thanks heh, once it warms up a bit, there'll be more monkey tricks where that came from!