Wheeeee! My double digits is halfway to triple digits. Hodler for hire.
Likely, the more you tease, the more obligation that you are going to create for yourself to share your secret with us..... in other words, what is the trick to go from single digits to double digits to triple digits within such a short period of time. Merely luck, or is there some kind of system that is repeatable for us laypersons?
He dabbles in alts. If you haven't noticed, there's some serious rotation in the works.
Edit: if he's gone from 25 to 50 BTC, probably does more than just dabble.
O.k.
Maybe the topic is a bit too complex for dab(ling) into, and then getting into off-topicness, especially if such practices are not easy to explain for us lay personas.
I understand that some folks play all or nothing with the trading of their stash (at least the trading portion of their stash), and likely it takes a bit of experience and practice (and perhaps luck, too) to get those kinds of practices to become profitable in any kind of consistent way.
Since I can better relate to incrementalism thinking, I will try to just stick with variations of incrementalism thinking - because anything else may likely go above my head, anyhow.
JJG, you won't like my answer, but I confirm what Rosewater says. To me, they are tools. I avoid the obvious scams, but for example, in roach's eyes, even bitcoin is a scam, sooo....
Actually, your answer comes off as very credible, like you are not just making shit up. There is a certain value to sharing personal experiences in threads like these, even if I, personally, am not very likely to attempt your stunt(s). hahahaha
You know the expression: "I am going to show you this, but don't try this at home." hahahaha
I did get some free Ripples from a long time ago, sold them all a month later and got maybe a whole bitcoin for it (valued at $500? or something). Can't complain, it was free.
Sure. There is a certain value to "free," and maybe the only cost was your time.. or the skeptical viewpoint that perhaps you are being used in some kind of way.. but yeah, I agree, there is a certain value to "free."
If you want to know which alts I have, send me a PM as that's off topic here. Even the mention of alts (except to joke about them) isn't well liked here. But at the end of the day (or end of the week) I trade those alts back to BTC.
Thanks for the sharing offer. I really don't have much tolerance for alts, and even if you give me a $million winner, I am likely NOT going to act on it, anyhow. It is just not in my personality.
Don't get me wrong. I am not 100% opposed to alts, because currently, I own about 4 alts that I actually bought and the value of those constitute less than 2% of my total crypto. Second, I certainly am not against anyone else spending some of their time involved in alts, even if such a practice differs from my own.
I am not a day trader, nor have any bots. I just buy low and sell high. Sometimes I buy high and sell low, but so far I've been averaging positive. I hold for several weeks or months, so some of these things I got middle of 2017, before everything went up.
I missed the big ones. Got lucky (fate? destiny? right coin at the right time?) with a few, and there are a few very long term hodls I have because I know the dev... (yeah, roach is gonna say this means a centralized coin ....) or the dev knew me and reached out.
Of course, there is some truth to any assessment that a large number of alts went up with crazy vigor in recent times, so there likely is some attribution to both luck and just taking a few chances to identify some of the better ones and even going based on some insider knowledge. All fair, if you have enough tolerance for such activities.
I don't like mining, but some of these are POS coins (proof of stake), and a couple of them even have "masternodes" (yeah, not Dash, I wish tho, right, who doesn't want a $1m USD node)...
For some reason, whenever I think of proof of stake, I think of ponzi scheme. I am not sure why that connection is made in my head, yet I do understand that peeps can make a lot of money, even if something is a ponzi scheme as long as they get in early and out before it crashes.
I'm also currently technically unemployed, and have been for about a couple of years, so I have to survive by spending my bitcoins, and I have to make sure I don't lose too much any gains I make. This forces me to be very careful with my trades, or which ICOs I "donate" to, or which airdrops I join (well, some of them anyway, cuz airdrops are free).
Actually, I have noticed that money can make money, and if you can generate enough principle, then it may be very possible for you to live off the earnings while preserving the trading capital (principle).
I don't really like trading very much; however, I have seen my trading practice begin to generate more and more of its own income, and I am thinking that if all other sources of my income were to dry up, at some point, I will likely have enough money that I can just live off the proceeds of my trades - and I am actually attempting to make my trades less and less interactive, so that they are not triggering as often as they were previously.
Of course, there are a few risks. One risk is that if the value of whatever you are holding goes down so much, and you do not really have any decent hedges, then you could become kind of fucked if you cannot HODL through the downside volatility, and another risk is the changes in the level of volatility. I had seen that I was just raking in dough during high volatility periods; however when volatility goes down, then sometimes there can be extended periods in which no orders are being executed - and I had considered that I am making money as long as orders are being executed, and it really does not matter to me which direction they are executing - and they faster they execute the more money I make - even though carrying my example to the most logical extreme does not make sense because the main way that I make money from downside volatility is if the price "eventually" comes back up.
One airdrop back in July? or June? 2017, held the coin for 3 months, then it was going to fork or something so I went on an exchange and my free coins were worth 2 BTC, valued back then at $800, or whatever the price of BTC back in July.
I don't know if it's luck, but it's repeatable, the only problem is, right now, I'm not so sure which particular coins you should repeat it with. I have some bets, and again, I am careful, but I am not a stock picker, I'm not a day trader, I just HODL.
Hopefully it keeps working for you. It seems like whatever you are doing is working out, but perhaps there could be some truth to the expression that it is difficult to lose money in a bull market.. and we have been in a bull market regarding a lot of the cryptos in the past couple of years, so hopefully none of us are getting delusional about our own abilities (or lack thereof) when it comes to sustainability or even repeatability under certain less favorable circumstances.
My plan in Feb or March 2018 is to cash out some and go buy some Amazon and Walmart stocks. And maybe a small pile of gold too. I like bars. A couple of 1 oz bars wouldn't be a bad idea to just stick around the house somewhere.
Might not be a bad idea regarding diversification and locking in some profits.
I also help a couple other people to buy some coins, and HODL it for them. (yeah, they trust me) ... since it's their money, they keep the gains, but since I'm the HODLer, I get a small cut.
Good if you have more than one way to earn money - yet of course, there are risks with holding and/or managing other people's money, and likely they will become less content, if their portfolio is losing value, and then they will feel like they are overpaying you for your "assistance". hahahahaha
So ... wheeee?!
wheeeeeee, indeeeeeeed.
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strike edited per the __vices of sirazimuth.. hahahahahaha]
Thanks for your elaboration.
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