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Author Topic: I never held this much bitcoins.  (Read 772 times)
bitcoinsc (OP)
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September 29, 2018, 02:11:40 AM
 #1

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

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September 29, 2018, 02:15:41 AM
 #2

And how much you are holding now.
I am sure before buying that full bag of bitcoins you had some thoughts which made you buy them. No one goes in the market and start buying stuff immediately without looking at its best part.
Everyone does know its a 50-50 situation in the crypto all the time. You either win the profits, (hell of profits) or you can loose the money to death. Lolz.
I think you will be find over the course of time if you ever wait for the right time point to hit the right price.
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September 29, 2018, 02:46:23 AM
 #3

what do you mean by stocks? is it actual stocks as in shares of a company or are you calling "altcions" stocks? if it is the former then if you really did it with half then it is a good thing but if you did it with all your stocks and sold all of them, then it is a bad idea because you don't have any diversification in your investment. (since you said "fully in bitcoin" i can't say what  you did!).
but if it is the later then you are making a big mistake by not diversifying. and diversifying means having bitcoin and actual stocks in the stocks market or anything else that is not a cryptocurrency and is worth investing into.

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September 29, 2018, 02:58:23 AM
 #4

How did you call it "fully invested" if you only sold half of your stocks? Tongue

Anyway, not sure if you did the right thing or not(because we don't know for sure if $5800 is the floor), but patience is going to be key here. Just make sure your holdings are secure(preferably on a hardware wallet), and wait.

And how much you are holding now.
I'm also curious, but telling people online how much bitcoin holdings you have is never a good idea. Unless you want to be targeted by hackers.

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bitcoinsc (OP)
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September 29, 2018, 03:00:17 AM
 #5

At one point I had shares of stock after bch went down from 1200$. Now I sold all the shares n bought bitcoins because I feel a pump is coming. I been doing graphs and learning everything this year. I can't say how much btcs I have but I'm middle class and don't pay for rent lol

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bitcoinsc (OP)
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September 29, 2018, 03:02:28 AM
 #6

I am going to live up to the McAfee hype and going for the 1 mil in 2020. Waiting for the bitcoins halving in 2020. I'm guessing 300k is on the horizon.

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September 29, 2018, 03:03:44 AM
 #7

Many analyst practitioners from bitcoin give a statement that bitcoin will soon recover, if seen from the technical analysis side, it is true that the price still cannot be penetrated in the $ 6300 area which causes bitcoin to remain stable and strong for the position not to be excessively bearish. But I myself am still waiting for the right moment, maybe waiting for prices to return in the area of $ 6900 to buy bitcoin.
bitcoinsc (OP)
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September 29, 2018, 03:46:29 AM
 #8

Sum ppl might have given up buying bitcoin. I did for 2 months. But waiting it out its a good time. Count your blessings . glad to have as much bitcoin now as I was fomo at 18k.

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September 29, 2018, 03:52:56 AM
 #9

Your investment “strategy” has lots of odds of leading you to bankruptcy: acting on feelings, not diversifying... That’s what basic investment principles tell you not to do. At least you are buying the dip, and not the ath.

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September 29, 2018, 04:03:48 AM
 #10

Many analyst practitioners from bitcoin give a statement that bitcoin will soon recover, if seen from the technical analysis side, it is true that the price still cannot be penetrated in the $ 6300 area which causes bitcoin to remain stable and strong for the position not to be excessively bearish. But I myself am still waiting for the right moment, maybe waiting for prices to return in the area of $ 6900 to buy bitcoin.
I think there is no one who can know for sure the development of the eyes of all crypto currencies in the future for me, the belief in patience and clever use of opportunities to gain profit
ShadowBits
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September 29, 2018, 04:45:40 AM
 #11

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

I hope that you did the right decision there my friend. It is always best the you diversify your investment and not putting it in one basket. I hope that there will be no bad thing that will happen with Bitcoin.
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September 29, 2018, 04:51:56 AM
 #12

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.
Good luck and welcome into this business, if you really sure about it, maybe hold or be patient is good to do. I am really sure out there someone still do same thing with you now. Include me even it is not big amount.

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September 29, 2018, 05:08:37 AM
 #13

At one point I had shares of stock after bch went down from 1200$.

the word is "token" not "stock". you had BCH tokens that you sold for bitcoin.

I am going to live up to the McAfee hype and going for the 1 mil in 2020. Waiting for the bitcoins halving in 2020. I'm guessing 300k is on the horizon.

first of all you should never listen or follow the hype. specially by people like McAfee who are doing it for profit they gain in short term and don't care about the long term of bitcoin.
secondly bitcoin is not a buy some and get  rich quick scheme. it is a currency. try to learn more about it. I promise you won't be disappointed if you past the fiat profit.

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September 29, 2018, 05:26:18 AM
 #14

Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.
You aren't alone in this ATH disaster. Many who thought bitcoin was a get rich quick investment are also suffering this fate. Besides, you dont trade or engage this market in "I thought it was going to 4k" kind of decision. You trade what you see and not what you feel

And how much you are holding now.
I'm also curious, but telling people online how much bitcoin holdings you have is never a good idea. Unless you want to be targeted by hackers.
Noob error. I am sure he will soon learn but I hope not the hard way.

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bitcoinsc (OP)
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September 29, 2018, 05:33:13 AM
 #15

no i had bch back then . it took a dump so i moved half into stock market. and now i realise its a good time to buy bitcoin before its too late. so im not buying stocks anymore but buying crypto currencies.

will i think people be buying crypto currencies? of course. poor countries will need it sometimes due to inflation . maybe people dont agree with government situations. will it go up through hype? of course. i think lighting network should be live anytime soon but still it not work and bugs. i think the bitcoin block halving will shoot the price to the moon after 2020. I think the more people that work in america will be buying crypto as time goes on. i think the asian countries are buying up all the bitcoin. more than the americans. i think silicon valley should be buying up all the cryptos but they arent. too many millionaires investing in bitcoin. i was late on the boat not gonna let this happen to me anymore. i still got money to invest because its still below 7000$ i think 8000$ is the point where i stop. still addicting this cash machine.

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bitcoinsc (OP)
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September 29, 2018, 05:42:13 AM
 #16

Your investment “strategy” has lots of odds of leading you to bankruptcy: acting on feelings, not diversifying... That’s what basic investment principles tell you not to do. At least you are buying the dip, and not the ath.

haha i think warren buffet is a good investor. his investment tactics. but he is against tech stocks but he likes apple stocks. he hates bitcoin as a currency. some ppl are good at what they do. let them do what they do and let bitcoin change the world and become a currency. bitcoin will act as a currency where you can use it digitally. some ppl say bitcoin to some is not an investment but a currency where u wont need to withdraw.
it would suck if u lose a loan over bitcoin but still in the end. you are holding that bitcoin. unless u panic sell n rebuy at a higher price.

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September 29, 2018, 05:48:04 AM
 #17

I am going to live up to the McAfee hype and going for the 1 mil in 2020. Waiting for the bitcoins halving in 2020. I'm guessing 300k is on the horizon.
Good luck to us but its unlikely that it will become $1,000,000 by 2020. Don't also mislead to say that you have "stocks" with BCH, you have an altcoin before.  But at least you chose the best one instead of dwelling with the fork one. I want to know how much you hold but its very unusual to say that thing so keep that. Halving by 2020 will commit positive increase in terms of its price but that's too much for $1M.

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September 29, 2018, 06:01:18 AM
 #18

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.
I think that's a good choice. it's better to transfer your shares to bitcoin, and this is indeed the time to buy bitcoin in my opinion ... and hold it until the beginning of the year
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September 29, 2018, 06:06:46 AM
 #19

I jus dump half my investment from stocks into btc. Now I'm fully invested in bitcoin. Before I had invested in bch and it dumped. While I converted to fiat. Long story but I'm still alive after the ath 19k n buying the dip. I thought it was going to 4k. But i guess its a good time to buy now. Best of luck.

You mean you are going long on bitcoin right now? Nothing wrong's with that strategy but I hope that you have that mentally to really fight temptations to dump it when the market is on a panic mode.

If you are in it for a long haul a good 1-2 years will be good test and see how it goes for you. I'm glad that you made the switch from BCH->BTC because that coin is for pump-and-dump. Yes you can enjoy the ride but sooner or later who will go and suffer a lost. Goodluck then and just wait for the next all-time-high before taking some profits.
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September 29, 2018, 06:13:32 AM
 #20

Investments in Crypto currencies are a high risk investment and any balanced portfolio should have some high risk investment options. The challenge is not to over invest in high risk investments. <So never go ALL IN on one single option>  Roll Eyes

I will never tell you how to invest your money, but I can share my experience from years of investing and I can tell you that a ALL IN approach on one commodity or financial option is never a good idea.  Roll Eyes

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