Anyone "all in" on bitcoin?

[TERA]

Most of the time I'm 50/50 or  60/40 but I go all in during crash bounces and bubble breakouts when it's obvious that a giant force is entering and driving the price up immediately. Actually in November I was all in with 200% margin.

[YoYa]

And no this isn't gambling, it's called calculated risk taking. People with balls do it

Your statement implies that people with balls don't gamble. In reality, people that gamble with a lot of money without calculation require bigger balls than those that perform calculated risk taking.

I think that people that gamble are generally foolish to do so, especially at casinos.  If they only gamble what they are willing to lose then I guess it can be fun, but I am not sure I would say that they have "bigger balls."  Maybe less brain cells?  

The funny thing is that BitChicksHusband and I have never been gamblers.  We go to Vegas and don't gamble while we are there.  Why?  The chances of winning are pretty slim.  You would think only the gamblers would be the risk takers with Bitcoin but that is just not the case.

With Bitcoin it is a much better calculated risk and way less of a gamble then playing a game of cards or some slot machines.

So far the "gamble" if you want to call it that, has paid of nicely.

And your ultimate mistake will be holding on to the inductive "it paid off in the past so it will in the future"-reasoning indefinitely, like I said earlier. It has paid of thus far, no argument there. But you're still gambling and greedy as fuck. Never go all-out, never go all-in.

A journey to the bottom of the pit of despair is a painful and enlightening path, your emotions will hurt your position and your losses will become a mountain that needs climbing to re-establish your initial position. Hubris is a very poor trading strategy.

[BitChick]

And no this isn't gambling, it's called calculated risk taking. People with balls do it

Your statement implies that people with balls don't gamble. In reality, people that gamble with a lot of money without calculation require bigger balls than those that perform calculated risk taking.

I think that people that gamble are generally foolish to do so, especially at casinos.  If they only gamble what they are willing to lose then I guess it can be fun, but I am not sure I would say that they have "bigger balls."  Maybe less brain cells?  

The funny thing is that BitChicksHusband and I have never been gamblers.  We go to Vegas and don't gamble while we are there.  Why?  The chances of winning are pretty slim.  You would think only the gamblers would be the risk takers with Bitcoin but that is just not the case.

With Bitcoin it is a much better calculated risk and way less of a gamble then playing a game of cards or some slot machines.

So far the "gamble" if you want to call it that, has paid of nicely.

And your ultimate mistake will be holding on to the inductive "it paid off in the past so it will in the future"-reasoning indefinitely, like I said earlier. It has paid of thus far, no argument there. But you're still gambling and greedy as fuck. Never go all-out, never go all-in.

A journey to the bottom of the pit of despair is a painful and enlightening path, your emotions will hurt your position and your losses will become a mountain that needs climbing to re-establish your initial position. Hubris is a very poor trading strategy.

It is not like we don't have a plan to sell, but just not yet.  Next year most likely we will heed the advice of some smart people and begin to withdraw systematically.

[Warren Buffert]

This has got to be one of the most cringe worthy threads ever.

Liquidated my Roth about 2 weeks ago. I have gained 70% since then. Once I get 100%+, gonna cash out my original investment and let it ride. I am confident this will happen, I am just not sure of the exact TIME it will happen yet haha. So far this has been a great experiment  

All of our savings (besides some of our 401K) is in BTC.  Have not sold any toys.  Not that we have any to sell anyways.  

It did not start out that way.  We threw a little in thinking we would gradually put more in as time went on.  But with BTC we learned fairly quickly that the best strategy can be just to throw it all in as quickly as possible, especially if it can be timed before it hits an ATH. 

Oh, and our savings was nothing really impressive to begin with.  However, even putting a small amount into BTC and holding there for over 8 months can give some amazing returns.

Next year should be fun! 

I work in Afghanistan as a military contractor. I make a lot of money with no expenses (my house back home is being rented for the amount of the mortgage payment).

Every paycheck gets converted to bitcoins.

[Amph]

all-in yes but generally, i'm dumping some amount, to buy thing, and to move this little baby, remember that bitcoin is still in beta

[NotLambchop]

...
It is not like we don't have a plan to sell, but just not yet.  Next year most likely we will heed the advice of some smart people and begin to withdraw systematically.

Know exactly who you mean.  Keep the faith, sister!

[Elwar]

This has got to be one of the most cringe worthy threads ever.

I work in Afghanistan as a military contractor. I make a lot of money with no expenses (my house back home is being rented for the amount of the mortgage payment).

Every paycheck gets converted to bitcoins.

I started doing this when the price was $22/BTC. Unloaded about a third of them on the news that the US Marshalls were going to auction the Silk Road coins. Bought back in in the $400s.

Not in AF anymore, but now instead of converting each paycheck I use bitwage.co to do it for me.