El Cabron (OP)
Gnomo
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Hero Member
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Activity: 840
Merit: 1000
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January 31, 2014, 05:14:17 AM |
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I have done pretty well investing with BTC over the years so I thought I would help out and let people know what I am doing in the markets. There are a lot of other threads here with pretty charts and recommendations on what you should do when and why. I'm pretty ignorant about all that sort of stuff so at this point I HODL. I will update this thread when there is need. Please ask as many questions about my methodology as you wish.  |
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The block chain is the main innovation of Bitcoin. It is the
first distributed timestamping system.
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vokain
Legendary
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Activity: 1834
Merit: 1019
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January 31, 2014, 05:17:49 AM |
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identifiable reasons why not to hold?
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BitcoinAshley
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January 31, 2014, 05:28:20 AM |
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What about Confirmed Bad News? Still HODL?
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SilverandBitcoins
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January 31, 2014, 05:57:29 AM |
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Hi Goat. Great thread. Do you like physical precious metals? Can you suggest any other investments that the common man can easily invest in?
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Cause, I aint proud - BTC: 1DyXSR8nsB56yhTUhR5HMKLzB6UpytiWnK
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billyjoeallen
Legendary
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Activity: 1106
Merit: 1007
Hide your women
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January 31, 2014, 06:13:02 AM |
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Hi Goat-
Buying a lambo wasn't hodling, was it? I know you did it partly to promote bitcoin, but how did you know ~$1K/BTC was a good price point to buy it?
in hindsight, you did pretty damn good. Just lucky or you saw the correction coming?
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insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s
1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
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zoinky
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January 31, 2014, 06:41:02 AM |
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HODL, great speculation  |
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TERA
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January 31, 2014, 06:43:28 AM |
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Could you please post a flow diagram and a detailed chart with TA and lines detailing exactly how to execute the hodl strategy?
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F-bernanke
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January 31, 2014, 06:52:25 AM |
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Could you please post a flow diagram and a detailed chart with TA and lines detailing exactly how to execute the hodl strategy?
The HODL strategy does utilize TA, but no selling is done, only the emotional rollorcoaster is expirienced. |
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oda.krell
Legendary
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Activity: 1470
Merit: 1007
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January 31, 2014, 09:50:33 AM |
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Haha, I would rather gnaw off my own foot than post in that other quality TA thread, but this one is great.
However, I disagree with the basic premise: don't just hodl. Occasionally, after careful consideration, sodl to buy back cheapler.
My brain hurts.
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Rygon
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January 31, 2014, 12:28:31 PM |
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Hi Goat-
Buying a lambo wasn't hodling, was it? I know you did it partly to promote bitcoin, but how did you know ~$1K/BTC was a good price point to buy it?
in hindsight, you did pretty damn good. Just lucky or you saw the correction coming?
That Lambo is not really a significant part of my investment portfolio. I did it when I did cuz of Greenspan saying he could not see any "intrinsic value" in BTC. So I was like fuck it, people don't care about intrinsic value, they care about shit like Lambos. Did it for the PR. Plus that Lambo is fun as hell. We only live once and might as well enjoy life some eh? I also bought $9k worth of random stuff on overstock.com on their first day. Not really cashing out, just supporting BTC. Yeah that was awesome. When someone makes an uninformed comment about not being able to use Bitcoin to buy anything other than drugs or stuff from a few small websites online, I usually say something along the lines of, "Well some dude bought his lambo with Bitcoin..." lol |
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YoYa
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January 31, 2014, 12:34:44 PM |
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Hi Goat. Great thread. Do you like physical precious metals? Can you suggest any other investments that the common man can easily invest in?
I'm 85% Crypto (BTC/LTC), 10% Physical PM (Gold/Silver/Other) and 5% Fiat (USD/CHF) Also guns, lots and lots of guns... The Lambo, I didn't really care about, but now...now I'm jealous! Pic's please if you feel safe in doing so |
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koryu
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January 31, 2014, 12:41:47 PM |
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i like hodl but when i watch back for around one month then i have to say that i made around 30% profit by trading compared to 10% if i had just hodled.
overall i think its still a good strategy to buy and just hold when you can get cheap coins. so if price drops lower 500 again i would buy and keep just holding too.
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seleme
Legendary
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Activity: 2772
Merit: 1028
Duelbits.com
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January 31, 2014, 12:44:20 PM |
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Could you please post a flow diagram and a detailed chart with TA and lines detailing exactly how to execute the hodl strategy?
TERA in grocery shop: Give me pound of MACD and 2 pounds of SMA please. |
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dave00
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January 31, 2014, 02:16:22 PM |
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+1 to this thread and the way of life/thinking of goat.
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To the moon!!! ┗(°0°)┛
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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January 31, 2014, 02:29:41 PM |
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Agreed, HODL is the way to go. I still have my stash from April untouched for the long term. I also bought some recently when the prices dipped to $450
At the current rates $800-$1000 any new coins i buy i use them to invest in other crypto (mainly crypto assets) which I'm counting on multiplying significantly in value within 2014. And i keep some fiat on the side for the next big dip (if it ever happens)
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superresistant
Legendary
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Activity: 2128
Merit: 1120
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January 31, 2014, 07:21:14 PM |
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I don't see the point of going back to FIAT anyway.
HODL is the only way.
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ampere9765
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January 31, 2014, 07:24:11 PM |
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I don't see the point of going back to FIAT anyway.
HODL is the only way.
so to clarify, when you say "currently" you mean "always", right? just want to make sure. |
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romerun
Legendary
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Activity: 1078
Merit: 1001
Bitcoin is new, makes sense to hodl.
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January 31, 2014, 07:32:14 PM |
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what are pros of bitsimple over coinbase
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ampere9765
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January 31, 2014, 08:13:01 PM |
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what are pros of bitsimple over coinbase
Bitsimple is very fast and clean. With coinbase it takes a while and there is a good chance that coinbase will void your buy or sale if the market moves to much. I personally would only want to deal with an organization that has done 1000's of sales with no complaints what so ever. yes i will never use coinbase after all the stories i have heard. refusing to fill orders that were paid for is bullshit and should only be done if payment does not clear. yet coinbase does whatever the fuck it pleases based on how the market moves. |
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JimboToronto
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Activity: 4004
Merit: 4483
You're never too old to think young.
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February 01, 2014, 06:08:01 AM |
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it is run by long time trusted forum member DeathAndTaxes and not by some Wall Street clown.
But, but... those are Wall St. trayDURRz. Don't you watch movies? They're always so cool. They have such nicely styled hair and wear cool suits. They're not clowns. They're cool dudes, someone to emulate. They even drive BMWs. You just wish you were a real prophesunnal trayDURR. What kind of car do you (or is it the old lady?) drive? I'll bet it's not a Beemer. |
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