no i'm buying now.
Why buy now?
What happens if Bitcoin breaks below the longterm Jan 2013 support trendline on strong volume?
Also, you always seem to be buying. Never selling. Where do you get the fiat from?
MatTheCat: The
bolded part of your above statement is somewhat funny.. I was beginning to think the same about ADam.. that with him it is just buy, buy, buy and HODL, HODL, HODL... but he has made some sell, sell, sell statements, from time to time - though you never know for sure whether he is joking.
Your statement about Getting fiat is interesting too. Unless, you are very young, the longer you have been around the block, the more likely it is that you have more and more items that are invested in fiat and income streams around such fiat systems. I have always had a considerable portion of my income dedicated to reinvesting with hopes that the reinvested money is earning interest and compounding over the years.
Certainly, I could have been better about my various investments and even if I had found out about bitcoin earlier, that would have been better, but I tend to live well within my means and to invest in "safe" things, such as index funds. With that I have built up a pretty decent cushion of fiat centric investments over the years.
Ever since I learned about the intricacies of BTC (only since November), I have been reconsidering my overall investment distributions.
In recent times, also, I have been considering whether it would be feasible and/or reasonable to remove some of my fiat from my various more liquid investments, such as stock investments and to put that money into BTC. Other investments that I have are NOT very liquid. However, if I took some of my liquid investments, that would definitely multiply my BTC holdings - however, then the proportion of my investment into BTC would be really skewed towards BTC - and probably a lot more volatile and risky.
I tend to believe that when the BTC prices go skyrocketing upward, I will likely be saying to myself, "I should have.... ", yet one of the downsides of diversified and safer investing strategies is to NOT have all of one's eggs in one kind of basket... even though, frequently, there will be second and third thoughts about such strategies after the fact (Monday morning quarterbacking).
Poll
