Lets hoard.

[Ibian]

Average down is a dangerous strategy.

Have the same risk as martingale betting.

It's the only sane strategy if you believe in the long term potential. In a couple months we are likely to be in the thousands. Let's have this conversation again then.

[1714936386]

1714936386

[1714936386]

1714936386

[stompix]

Bought some at 800, I will cash out if it hit 800 again.

You should have bought some more at $400, to bring down the average buying price. If I was in your place, my strategy would have been like this:

1st purchase: Total - $8,000. BTC10 @ $800 apiece.
2nd purchase: Total - $8,000. BTC20 @ $400 apiece.

Now we have a total of BTC30, bought at $16,000. The average cost is $533 per coin.

When Bitcoin reaches $535, I'll sell BTC20. That will fetch me $10,700.

So I am left with BTC10, at an average price of $530 per coin.

The problem is that you make this plan after the things have unfold.
What have you done with your strategy if the coins would have gone even lower , or they didn't go below 600 ?
And , where would the rest of the money come from? Invest 50% of it and then other 50%?
There are so many problems with it and lots of people got burned pretty hard with it.

[bryant.coleman]

The problem is that you make this plan after the things have unfold.
What have you done with your strategy if the coins would have gone even lower , or they didn't go below 600 ?
And , where would the rest of the money come from? Invest 50% of it and then other 50%?
There are so many problems with it and lots of people got burned pretty hard with it.

Before making any investment, you have to plan the stop-loss targets and other details. This is the way I make my investment on equities. Works well 75% of the times. 

[stompix]

The problem is that you make this plan after the things have unfold.
What have you done with your strategy if the coins would have gone even lower , or they didn't go below 600 ?
And , where would the rest of the money come from? Invest 50% of it and then other 50%?
There are so many problems with it and lots of people got burned pretty hard with it.

Before making any investment, you have to plan the stop-loss targets and other details. This is the way I make my investment on equities. Works well 75% of the times.  

I checked some of your posts and you seem like a honest person.
Can you tell us when and how much did you invest in bitcoin?

Just to compare it with the plan you made public?

I bought at ~ 150 , 350 , 700. Sold only 10-20% at 750. (no reason why i did that and i don't look it at a smart move i made)

[bryant.coleman]

I checked some of your posts and you seem like a honest person.
Can you tell us when and how much did you invest in bitcoin?

My investment in Bitcoin is very small. Right now, I have less than 10 coins. And I made my investment when Bitcoin was going at $12. Sold a few coins (around 5) for $400-450 range. Since I got them for such cheap rates, I have never done any short-selling with them.  

[fdiini]

I checked some of your posts and you seem like a honest person.
Can you tell us when and how much did you invest in bitcoin?

My investment in Bitcoin is very small. Right now, I have less than 10 coins. And I made my investment when Bitcoin was going at $12. Sold a few coins (around 5) for $400-450 range. Since I got them for such cheap rates, I have never done any short-selling with them.  

10 coins is a lot of money for many people here.

[Yakamoto]

this make no sense. I say trade more! It increase sales volume on exchange and its beter for day trading.

Standard greedy moron. MANIPULATE THE SUPPLY TO INCREASE SCARCITY WHICH IN TURN RISES PRICES. Instead of your minor profits that you call "Day trading".

Some people just don't understand basic things like this.

[stompix]

I checked some of your posts and you seem like a honest person.
Can you tell us when and how much did you invest in bitcoin?

My investment in Bitcoin is very small. Right now, I have less than 10 coins. And I made my investment when Bitcoin was going at $12. Sold a few coins (around 5) for $400-450 range. Since I got them for such cheap rates, I have never done any short-selling with them.  

Having 10 coins is actually pretty much.
http://bitinfocharts.com/top-100-richest-bitcoin-addresses.html

According to this list there are at most 100 000 people with that high balance.And lot's of those addresses are owned by the same persons.So i think you could easily make the top 10k.

[tuneman1980]

I'm not selling anything until the lines cross.  http://cryptocoinstats.com/priceforecaster.php

[Alley]

Hoarding is the only strategy for me.  So much easier and less stressfull.  I have no interest in shorting for a $50 profit.  I'm in this to make hundreds of thousands in profit several years down the road.  I've been buying on average 2-3 coins a month since it  dropped below $600.  While also using whenever possible.  Up to 15 coins now.  Hoping bitcoin will develop to the point where I won't ever have to sell for fiat.  I can just buy whatever I want with  btc. 

[bryant.coleman]

10 coins is a lot of money for many people here.

I know. I had around BTC50 in total (bought for $600). But lost around BTC35 after investing in BTCT.co (Litecoinglobal). After I lost 70% of my coins, I became demoralized and started selling some of the coins for fiat. 

[makebitcoin]

I say let's spread the word about Bitcoin so demand rises. Tell your local shops about Bitcoin and explain how they could accept it. Also explain Bitcoin to your friends.

[Bitcopia]

Those who bought at around $450-$500 are not going to sell at $600 or $700, more like $1200 to $1400. I believe they are holders who sold at $580-$500 replenishing stock. I see good volume too. May not hop back to the $800s soon, but I think consolidation at $600 is very realistic.

Bought some at 800, I will cash out if it hit 800 again.

Good strategy 

[stompix]

Those who bought at around $450-$500 are not going to sell at $600 or $700, more like $1200 to $1400. I believe they are holders who sold at $580-$500 replenishing stock. I see good volume too. May not hop back to the $800s soon, but I think consolidation at $600 is very realistic.

Bought some at 800, I will cash out if it hit 800 again.

Good strategy 

Indeed , interesting investment.
I think how he would feel if bitcoin would hover around 780-795 for a few months.

He will probably get crazy waiting to bet back his "investment".

[spazzdla]

We aren't all hording BTC?!?!?!?!

[Marbit]

This will only work until it doesn't. Price gets high enough, people will take profit -- it's only natural. But I'm all for it... holding quite  a few bitcoins myself. So by all means, people, hoard!

[Gimmelfarb]

This will only work until it doesn't. Price gets high enough, people will take profit -- it's only natural. But I'm all for it... holding quite  a few bitcoins myself. So by all means, people, hoard!

aaha, exactly! at first I thought, yes, everyone hoard, price will go up! and then I thought, but wait, i'm going to sell when it reaches my target price..... and so will a whole lot of other people! lol.