Bitcoin currency of the future?

[ToxicShocker]

Jesus christ, you really are that dumb. Is this the first thing youve ever invested in?

 

[rj144]

Right. But what do you do when the coin never again dips below what you sold it for? Like if you were an early holder of btc and sold at 10k. You're just forever out of the bitcoin game? You just sit on the sidelines and watch these massive gains pass you by? Or you decide to get back on and all your profit is out the window and you're right back in it. What if ltc never dips below 150 again and continues to climb? You're either out for good or forced to change your profits back into coin. Buy and hold is way more profitable long term than day trading. There's numerous videos explaining that and breaking down the math.

If it never goes down, then you miss a little profit, but it's not a big deal.

But, what investment, ever, never dips... especially cryptocurrencies?

LTC just dipped in the last hour.

 

[Zazen]

Apparently everyone here is smarter than me. I bought BTC and LTC when they both peaked. I made rookie mistakes. I'm just holding until end of 2018. Hoping I get my losses back. I'm not the investor type, I hate risks. I usually just save a lot of my money from work and do nothing with it.

 

[rj144]

Apparently everyone here is smarter than me. I bought BTC and LTC when they both peaked. I made rookie mistakes. I'm just holding until end of 2018. Hoping I get my losses back. I'm not the investor type, I hate risks. I usually just save a lot of my money from work and do nothing with it.

When they peaked? You say it is as if they'll never go back up. Wait a couple of weeks... you'll be fine.

 

[Zazen]

When they peaked? You say it is as if they'll never go back up. Wait a couple of weeks... you'll be fine.

Yeah I bought BTC at 16,800 and LTC this morning at 160. Gotta love my impulsive behavior. Probably not made for this game haha.

I guess I'll just stay positive and consider it an investment in the technology long-term.

 

[rj144]

Yeah I bought BTC at 16,800 and LTC this morning at 160. Gotta love my impulsive behavior. Probably not made for this game haha.

I guess I'll just stay positive and consider it an investment in the technology long-term.

Never buy during a rally. Yeah, you might miss some short term gains that day, but wait until it dips. It eventually goes up and past the last rally.

 

[benebox]

Yeah I bought BTC at 16,800 and LTC this morning at 160. Gotta love my impulsive behavior. Probably not made for this game haha.

I guess I'll just stay positive and consider it an investment in the technology long-term.

Whatever you do don't panic sell. In fact buy some more on the dip and leave it for a year. Also buy some IOTA while you are at it.

Plus on the 25th of December we are getting another fork with Bitcoin God. Good times ahead.

 

[rj144]

Whatever you do don't panic sell. In fact buy some more on the dip and leave it for a year. Also buy some IOTA while you are at it.

Plus on the 25th of December we are getting another fork with Bitcoin God. Good times ahead.

It already forked into Gold:

https://www.cryptocoinsnews.com/bitcoin-gold-hard-fork-draws-mixed-reactions/

 

[benebox]

It already forked into Gold:

https://www.cryptocoinsnews.com/bitcoin-gold-hard-fork-draws-mixed-reactions/

Bitcoin God not gold. Its coming out on Chirstmas day.

 

[CerebralKnievel]

If it never goes down, then you miss a little profit, but it's not a big deal.

But, what investment, ever, never dips... especially cryptocurrencies?

LTC just dipped in the last hour.

It actuslly dipped to 135 or so three times today, but for literally minutes at a time. I finally caught the third one a few hours ago. Trying to catch it at 170, hopefully, to sell and then reload.

 

[rj144]

Bitcoin God not gold. Its coming out on Chirstmas day.

Sorry, I misread that.

 

[Zazen]

Whatever you do don't panic sell. In fact buy some more on the dip and leave it for a year. Also buy some IOTA while you are at it.

Plus on the 25th of December we are getting another fork with Bitcoin God. Good times ahead.

I have 25 IOTA. If IOTA makes decent money how would once sell that? There's only options for depositing to other coins. No option to sell into fiat.

 

[Der Eisbär]

If it never goes down, then you miss a little profit, but it's not a big deal.

But, what investment, ever, never dips... especially cryptocurrencies?

LTC just dipped in the last hour.

Ltc dipped from 195 to 150 but if you bought ltc at 10 then sold at 195 sure you cashed out but now if you want to get back on the train you're fucked. Ltc will never go to 10$ again. So instead of having 15 ltc when they were 10 you get 1 ltc for the same price. On an exponential growth curve day trading is a massive losing strategy it only works with traditional investments like equities

 

[rj144]

Ltc dipped from 195 to 150 but if you bought ltc at 10 then sold at 195 sure you cashed out but now if you want to get back on the train you're fucked. Ltc will never go to 10$ again. So instead of having 15 ltc when they were 10 you get 1 ltc for the same price. On an exponential growth curve day trading is a massive losing strategy it only works with traditional investments like equities

Huh? It's based on total investment, not on LTCs you have.

If I sell at 195, I've made 185 and buy at 150, I still have 35 profit and 150 LTC. Same as if I bought at 10. I still have 1 LTC but squeezed out 35 profit.

Are you bad at math? If I bought at 10 and it goes to 150, I stil have one LTC. I don't have 15.

I think you are bad at math.

I agree with you on being bullish on cryptocurrencies, but the last few posts have been, well, odd.

 

[Zazen]

Huh? It's based on total investment, not on LTCs you have.

If I sell at 195, I've made 185 and buy at 150, I still have 35 profit and 150 LTC. Same as if I bought at 10.

Are you bad at math? If I bought at 10 and it goes to 150, I stil have one LTC. I don't have 15.

I think you are bad at math.

I agree with you on being bullish on cryptocurrencies, but the last few posts have been, well, odd.

I think what he meant is if you sell and for whatever reason are unable to use your computer within the next few hours. Its very possible considering how volatile cryptos are that the price could skyrocket out of the range that you wanted to get in at. I'm afraid of the same thing happening which is why I leave it alone most of the day.

 

[rj144]

I think what he meant is if you sell and for whatever reason are unable to use your computer within the next few hours. Its very possible considering how volatile cryptos are that the price could skyrocket out of the range that you wanted to get in at. I'm afraid of the same thing happening which is why I leave it alone most of the day.

Thanks, but I don't think that's what he's talking about at all.

 

[rj144]

I have 25 IOTA. If IOTA makes decent money how would once sell that? There's only options for depositing to other coins. No option to sell into fiat.

Convert to currency that can be cashed out.

 

[Der Eisbär]

Huh? It's based on total investment, not on LTCs you have.

If I sell at 195, I've made 185 and buy at 150, I still have 35 profit and 150 LTC. Same as if I bought at 10. I still have 1 LTC but squeezed out 35 profit.

Are you bad at math? If I bought at 10 and it goes to 150, I stil have one LTC. I don't have 15.

I think you are bad at math.

I agree with you on being bullish on cryptocurrencies, but the last few posts have been, well, odd.

No, I'm perfectly fine at math.

This is where the breakdown in crypto investment strategies comes in: do you want $, or do you want coins? The more coins you have, the more your money is multiplied in the long term.

10 ltc @ 10$ = 100$
10 ltc @ 100$ = 1000$.

You sell. Now you have 1000$ and 0 ltc.
You buy back when it dips to 90$.

Now you have... 11.1 ltc. Okay I'm dumb and you're right.

 

[rj144]

No, I'm perfectly fine at math.

This is where the breakdown in crypto investment strategies comes in: do you want $, or do you want coins? The more coins you have, the more your money is multiplied in the long term.

10 ltc @ 10$ = 100$
10 ltc @ 100$ = 1000$.

You sell. Now you have 1000$ and 0 ltc.
You buy back when it dips to 90$.

Now you have... 11.1 ltc. Okay I'm dumb and you're right.

Hold up... are you being sarcastic or admitting you've been thinking about this wrong?

Yes, you'd have more LTC's if you bought, sold, and bought again.

 

[Der Eisbär]

Hold up... are you being sarcastic or admitting you've been thinking about this wrong?

Yes, you'd have more LTC's if you bought, sold, and bought again.

Yeah I'm admitting I was wrong. I wasn't actually doing the math through my thought process.