Any strategy for increasing your BTC holdings?

[ZooKeeper74]

Maybe Im doing this wrong,but it working so far:


Buy EVERY TIME the price drops, and sell every day no matter what the price is.

As long as you keep putting more in, and keep selling to cover any loses, you will do good. The quicker you can trade, the more money you can make. stop worrying about buying in as much as cashing out to fund reinvestments, loosing money you earned elsewhere is just gonna piss you off.. If you can buy 100 and sell 90 for what you paid, that free 10% can start an unstoppable chain reaction that would never take off with pocket money. 



Until the day btc goes back to $2 and never recovers of course.

[blackvoice]

I have read many great threads lately about slow exit strategies for BTC (SSS). What strategies are used when buying BTC or increasing your BTC holdings?

sell high

buy low

Your btc will increase continuely

[zimmah]

Arbitrage (doing it yourself or letting a company you trust do it for you) is probably the safest and one of the most profitable ways.

Arbitrage
Pros:
1) relatively easy to learn
2) low risk
3) very profitable
4) can make money no matter if the market goes up or down or hardly moves at all

Cons:
1) takes a lot of time
2) investing in companies may result in getting goxxed
3) succes depends on spread, low spread means no good arbitrage opportunities.

Trading:
Pros:
1) very profitable of done correctly

Cons:
1) pretty risky
2) hard to master
3) can get goxxed for leaving your bitcoins at the exchange
4) success depends on market movement

Mining:
Pros:
1) once set up, does not take much time/effort
2) no risk
3) pretty predictable stream of income

Cons:
1) high start up costs (miners are overpriced)
2) there's not a single merchant that actually delivers in time (huge loss of potential profit)
3) high electricity bills, especially when you live in areas where electricity is expensive (like Europe and large parts of the USA)

Investing
Pros:
1) doesn't take a lot of time
2) you stimulate the bitcoin economy (if it's a legit business that actually does something good for bitcoin)
3) in some cases you can get compounding returns (for example dividends which you can reinvest)
4) in some cases you may have some influence in the companies you invest in.

Cons:
1) business are risky (they can collapse or gox you)
2) even if they are legit, they may have bad results, maybe permanently, maybe for a few months