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calian
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June 14, 2013, 01:08:06 AM |
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Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant  All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money. Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day After 7 days of not investing, don't invest the rest. I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool! I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals. |
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rpietila
Donator
Legendary
 Offline
Activity: 1722
Merit: 1036
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June 14, 2013, 08:58:26 AM |
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Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money. Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day After 7 days of not investing, don't invest the rest. I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool! I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals. No. Mobile phone. Localbitcoins. It happens now, or latest 2013-2014. |
HIM TVA Dragon, AOK-GM, Emperor of the Earth, Creator of the World, King of Crypto Kingdom, Lord of Malla, AOD-GEN, SA-GEN5, Ministry of Plenty (Join NOW!), Professor of Economics and Theology, Ph.D, AM, Chairman, Treasurer, Founder, CEO, 3*MG-2, 82*OHK, NKP, WTF, FFF, etc(x3)
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semaforo
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June 14, 2013, 10:10:07 AM |
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Well I live a very frugal lifestyle so lets say I could theoretically, hypothetically pull together around 60k USD without touching my retirement plan and that I had already diversified to Silver but not gold? How much of my assets would you pool into Bitcoins assuming you were my consultant All of it. Upside is 1,000,000% and downside 100% (and even that is theoretical), and you are frugal and can easily make back the money. Do every day the following: invest 20% of the remaining to bitcoin. When you start to feel queasy, don't invest (but continue asking yourself every day After 7 days of not investing, don't invest the rest. I'll try ignore the voice in my head screaming 'Ponzi scheme!', 'He will only benefit from this! Increases his net worth!' but duly noted. Maybe I'll buy 100 BTC, store them in a paper wallet and see what happens in a year. Thanks for your time, welcome back to the forum and I hope the meds help you keep your cool! I think you have picked around the right amount depending on your near and long-term goals. However you need to space the dollar cost averaging out a lot more than every day. I wouldn't want to put more than 10-20% of my investment in during a single month right now. We could be basing for a rally or we could still be winding down from the last ramp. Realistically it might be 2017 or 2021 before we see a significant upswing again. Pick a strategy that enables you to feel confident enough to hang on through market chaos. I'd recommend avoiding ever being 100% in or out at any time. And just as you never want to spend the last of your cash, don't ever sell your last bitcoin either. These are just general guidelines, feel free to adapt them to your psychology and goals. No. Mobile phone. Localbitcoins. It happens now, or latest 2013-2014. Ponzi schemes usually have a pay out. This is a case of humanity waking up to the fact that each and every one of us determines the value of every commodity, and that we don't need central banks to set interest rates for us. If you want to avoid ponzi schemes, make sure not to pay anything into social security. |
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randrace (OP)
Sr. Member
Offline
Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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June 14, 2013, 05:25:24 PM |
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I received permission from the author to post this PM. After rubbing a recent ≈20% drop in my face, he drops a BP: Double Digits next week! Note to future readers: After a slight bump up, price drops ≈7% less than 24 hours since his prediction. Current Price: 101 Thanks for helping me picture your face last weekend. MtGox is looking overbought. My call is price will go down and make a lower low, that is, go under $105.
 By the way, order book is not looking much better as I write. Double digits within next 7 days. |
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XXthetimeisnowXX
Sr. Member
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Activity: 252
Merit: 250
a wolf in sheeps clothing. suckerfish
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June 19, 2013, 05:14:45 AM |
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yep hit 90 there for a while, whoever said double digits won that one or if you have bitcoins...we all lost. but its sparking back up. why doesnt it shoot back up like the good ol days. why the swing? stock market is doing fine and bitcoin sometimes follows that a bit so whats the hold up? ya we say it jump ten in 24h but now sliding again. i thought we would see it be well above 200 by about this time.... end of June so what the hell is the hold up.
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notme
Legendary
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Activity: 1904
Merit: 1002
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June 19, 2013, 04:29:29 PM |
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yep hit 90 there for a while, whoever said double digits won that one or if you have bitcoins...we all lost. but its sparking back up. why doesnt it shoot back up like the good ol days. why the swing? stock market is doing fine and bitcoin sometimes follows that a bit so whats the hold up? ya we say it jump ten in 24h but now sliding again. i thought we would see it be well above 200 by about this time.... end of June so what the hell is the hold up.
LOL |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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July 05, 2013, 10:30:39 AM |
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[...] more speculative propaganda. the price is low because the influx of regulations that just happened to coincide with the problems at mt gox, coupled with the uncertainty of the winklevoss IPO bullshit. a few weeks from now the price will be back up and all the gullible suckers you conned into selling at the current low price will be kicking theirselves for being so naive, while you count your stacks of crisply minted usd as you cash those wire transfers from campbx. One of many similar responses to one of many similar posts by Rampion these days (in which he predicts we'll continue to go down hard). Time will tell, eh? |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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Rampion
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Activity: 1148
Merit: 1018
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July 05, 2013, 10:32:44 AM |
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I have a bold prediction.
We will not see 1 btc for $70 again.
I can out bold that. We will not see 1 btc for $71.01 again. Oooops. |
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randrace (OP)
Sr. Member
Offline
Activity: 329
Merit: 250
LTC -> BTC -> Silver!
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August 10, 2013, 04:00:03 PM |
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This isn't necessarily bold. But I'm sticking this here to look at in August 2014. I too dream of a world of $300 bitcoins and Mt. Gox overshadowed by an efficient competitor. For reference, price has been relatively stagnant; between 103-106 for weeks. So how do you interpret that? Other than mtgox becoming filthy rich?
Is anyone else still hoping Mt. Gox get's replaced one day? At any rate I think by this time next year we will have seen prices well over $300 and holding. |
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oda.krell
Legendary
Offline
Activity: 1470
Merit: 1007
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August 10, 2013, 04:23:23 PM |
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[...] more speculative propaganda. the price is low because the influx of regulations that just happened to coincide with the problems at mt gox, coupled with the uncertainty of the winklevoss IPO bullshit. a few weeks from now the price will be back up and all the gullible suckers you conned into selling at the current low price will be kicking theirselves for being so naive, while you count your stacks of crisply minted usd as you cash those wire transfers from campbx. One of many similar responses to one of many similar posts by Rampion these days (in which he predicts we'll continue to go down hard). Time will tell, eh? Huh. The above was the previous time this thread was updated with a new quote, by myself. While we're now at a turning point again I believe, at least from the perspective of back then, the prediction I quoted was relatively accurate: a few days later the July trend started that took us from below 70 to above 100. So, r3wt, whereever you are: you were right  |
Not sure which Bitcoin wallet you should use? Get Electrum!Electrum is an open-source lightweight client: fast, user friendly, and 100% secure. Download the source or executables for Windows/OSX/Linux/Android from, and only from, the official Electrum homepage.
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Elwar
Legendary
Offline
Activity: 3598
Merit: 2384
Viva Ut Vivas
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August 10, 2013, 09:50:25 PM |
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We will strike the $35 mark by the August (8/1/2013). That is my prediction. I have a $1000 vs 10 BTC bet wagered against someone on it  I reiterate: 300-350 by August, or at least this target ill be reached by then.
Two bold predictions for the wall of shame. |
First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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