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goldlyre (OP)
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February 19, 2013, 09:09:22 AM |
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As my signature says: Buy & Hold  is the Best Strategy. |
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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goldlyre (OP)
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February 19, 2013, 09:15:49 AM |
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However, people selling at various prices are also good - good for us all. Thanks a lot!
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Anth0n
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February 19, 2013, 03:23:32 PM |
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The best strategy is hold on rallies and buy on corrections. That's why I loaded up after the 2011 crash.
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casascius
Mike Caldwell
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Legendary
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Activity: 1386
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The Casascius 1oz 10BTC Silver Round (w/ Gold B)
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February 19, 2013, 03:27:42 PM
Last edit: February 19, 2013, 05:37:53 PM by casascius |
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I sell my bits when I'm sure the price will go down enough for me to buy my bits back at a certain profit.
And if I don't think that's going to happen? Or am not sure the dip is going to be deep enough to make it a better risk than plain gambling?
Right, then I just don't sell my bits.
(Haven't sold a single bit in a long time, other than helping others get BTC and offsetting that with a buy somewhere else)
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Companies claiming they got hacked and lost your coins sounds like fraud so perfect it could be called fashionable. I never believe them. If I ever experience the misfortune of a real intrusion, I declare I have been honest about the way I have managed the keys in Casascius Coins. I maintain no ability to recover or reproduce the keys, not even under limitless duress or total intrusion. Remember that trusting strangers with your coins without any recourse is, as a matter of principle, not a best practice. Don't keep coins online. Use paper or hardware wallets instead.
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evolve
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February 19, 2013, 09:56:21 PM |
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Buy on dips, sell on recovery, stay primarily in USD to minimize exposure to a major crash.
My strategy is the Best Strategy.
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smoothie
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Merit: 1473
LEALANA Bitcoin Grim Reaper
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February 19, 2013, 10:07:44 PM |
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Milkshake
Member
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Activity: 98
Merit: 10
Milkshake
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February 19, 2013, 11:29:08 PM |
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The best strategy is hold on rallies and buy on corrections. That's why I loaded up after the 2011 crash.
Yeah, this is less risky than selling in expectation of a correction that doesn't happen, LOL |
TradeFortress has left me negative trust and has provided no proof to substantiate his claim. He has done this to discredit me as I am investigating him.
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evolve
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February 19, 2013, 11:49:24 PM
Last edit: February 20, 2013, 12:01:39 AM by evolve |
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Unless the price tanks, then you are stuck holding the bag.
Buying and holding is great until the market crashes...then you are stuck with BTC worth almost nothing. Sure, the market could resurrect itself a third time after a major crash (ie: down to singles), but there is no guarantee.
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wachtwoord
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February 20, 2013, 12:00:59 AM |
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Buy on dips, sell on recovery, stay primarily in USD to minimize exposure to a major crash.
My strategy is the Best Strategy.
Unless the price tanks, then you are stuck holding the bag.
Buying and holding is great until the market crashes...then you are stuck with BTC worth almost nothing.
Replace BTC with USD and you can say the exact same thing. Spread your investments though so your daily expenses are not dependent on either. |
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goldlyre (OP)
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February 20, 2013, 04:15:38 AM |
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My guess is that the great crash of 2011 may have produced something like a vaccine which is able to prevent further big crash in the future. So I dare to assert that after the great crash buying and holding BTCs may be the best strategy for us newcomers.
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goldlyre (OP)
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February 20, 2013, 04:23:50 AM |
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I sell my bits when I'm sure the price will go down enough for me to buy my bits back at a certain profit.
And if I don't think that's going to happen? Or am not sure the dip is going to be deep enough to make it a better risk than plain gambling?
Right, then I just don't sell my bits.
(Haven't sold a single bit in a long time, other than helping others get BTC and offsetting that with a buy somewhere else)
What should I do with my Casascius Physical Bitcoin? Buying & holding them for intermediary or long term also be good?  BTW, when shall the new 10 BTCs / 1 oz silver coins be available? |
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Elwar
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Merit: 2386
Viva Ut Vivas
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February 20, 2013, 04:29:05 AM |
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Buy and use bitcoins to for any purchases is the best strategy.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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nobbynobbynoob
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February 20, 2013, 04:35:15 AM |
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Buy and use bitcoins to for any purchases is the best strategy.
Spend a little, hoard a lot.  I'm certainly not averse to spending some BTC. I gamble, buy tea/VPN/advertising, donate BTC to friends and worthy causes, tip peeps (in mBTC 'cause I'm not rich) on the forum, etc. But building up the cold wallet is also desirable/important because I honestly anticipate one BTC being worth maybe $10k+ (in today's fiat value) in the not very distant future... or nothing, but probably not too much in between. |
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molecular
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Merit: 1019
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February 20, 2013, 06:35:47 AM |
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There have only been 2 days in the history of bitcoin where the price was higher than now: June 8th and 9th 2011.
So yes, taking a historians perspective buy & hold has been a good strategy for almost everyone that used it.
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PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0 3F39 FC49 2362 F9B7 0769
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