Forum

Goal: No Sell Bitcoin 2018
 

Alright!

After seeing the huge rise in bitcoin I have come to the conclusion that I suck at trading bitcoin. *even though I have made a good 500-600% returns this year

Therefore I have set a goal for myself.

I will not sell any bitcoin from here until the end of 2018. Any new bitcoin I acquire will not be sold but will be stored away safely on a hardware wallet.

That's the goal.. just sit and acquire and don't look at the price.

I urge others to follow along with me. :)

Edit.

I'm just aspkin.

Don't take any financial advice from me.

While yes I have made good money off bitcoin in the last year (everyone has with bitcoin), I have made mistakes.

My secret power is I have the money to fix those mistakes and take advantage of the situation while others may not.

I don't invest more than 10% of my net worth into bitcoin.

I invest what I'm willing to lose.

I have no need for the extra money I put into Bitcoin, it's less about investing and more about a game for me. You win when you have the most bitcoin.

This thread will be about my journey to holding for 2018 and what that will bring. It's an experiment and part of the game for me. :)

re: Goal: No Sell Bitcoin 2018
 

Been following that route for quite some time now. Happy that I did.
I can see it reaching 6 figures within 2 years.

re: Goal: No Sell Bitcoin 2018
 

By the way - here comes the dip. Looks like there might be a decent opportunity to buy in soon.

re: Goal: No Sell Bitcoin 2018
 

Hey guys, I would love to do this with you!!!

I have a problem though, I truly do not UNDERSTAND Bitcoin. I get what it is, but WHERE do you start?

I wouldn't have the slightest clue where to buy it, or where to store it.

Can you guys help me with that?

Thank you so much in advance.

re: Goal: No Sell Bitcoin 2018
 

Heres a basic guide:
https://www.coindesk.com/information/
And you can get your first wallet at Coinbase. A lot of people new to Bitcoin seem to get started there.

re: Goal: No Sell Bitcoin 2018
 

BTC is a wealth creator in the long term... Once in a lifetime opportunity!

re: Goal: No Sell Bitcoin 2018
 

Let's do it!

re: Goal: No Sell Bitcoin 2018
 

See I followed this approach over the last 12 months and regretted it because as it rose it was exciting and as it dipped I made no gains. So what I began doing was buying the dips and selling the highs.

I was getting my predictions right, so it was working in my favour, until now... when the value is just exploding at an astronomical rate so its way harder to predict.

Looking at it retrospectively, when I first had bitcoins and they're value was a mere $750usd compared to now makes me kick myself for not buying more... but I think same can be said when BTC hits 10x what it is now... so you know what, holding on may just be the way to go.

re: Goal: No Sell Bitcoin 2018
 

Long term it seems to work out.. short term trading is a way to lose out on gains..

HoLD!!

re: Goal: No Sell Bitcoin 2018
 

re: Goal: No Sell Bitcoin 2018
 

Bitcoin price goes up 10x next year and dollar drops by 10%. The next two years will be huge for bitcoin price and blockchain tech. Maybe eBay will start allowing bitcoin trading for USDT. They allow gold bullion sales, so I don't see why they are stuck in the Stone Age still.

re: Goal: No Sell Bitcoin 2018
 

normally id be scared of buying the top...but with btc...what the fxck is a top anymore

re: Goal: No Sell Bitcoin 2018
 

Exactly. I've been putting off buying for 3 days because it's been "too high". I'm just going to make the purchase today....

re: Goal: No Sell Bitcoin 2018
 

Does anyone know anything about the Bitcoin Investment Trust? (Symbol: GBTC)?

re: Goal: No Sell Bitcoin 2018
 

Not as good as holding Bitcoin itself. More returns when you hold the actual asset. I sold my GBTC at the last peak and I had to put up with a lot of fees, such as stamp duty etc. (not sure if that happens in the US though). Not worth it IMO.

Bitcoin is approaching 11.5k... WOW! :shocked: :pop2:

re: Goal: No Sell Bitcoin 2018
 

This is just stupid. In the time it's takes me to make a deposit at my coinbase attached bank, BTC has gone up like $600. But I guess at this pace it's never too late to buy. WTF..

re: Goal: No Sell Bitcoin 2018
 

What are the odds that when your funds are ready, you buy, and the price drastically dips? :p

Jokes aside, If you want to buy bitcoins at good prices, the funds just need to be ready to go. There just isn't any time to wait around for deposits to clear.

re: Goal: No Sell Bitcoin 2018
 

Great advice bigboss.

re: Goal: No Sell Bitcoin 2018
 

The way I see it, BTC can't be compared to anything else in the past to claim its a bubble. Take gold for instance, I can't see anyway how anyone could possibly know exactly how much gold is out there. 1 kilo of gold ='s $41,500 and bitcoins market cap ='s $178.36B so (178.36B/41,500)=4,297,831 kilograms of gold

There is suppose to be 171,300 metric tons of gold. That's = to 171,300,000 kilograms.

That would put golds market cap at 710.89B

We know exactly how many bitcoin there are, no one will be coming out claiming they found more than 21m of them.

So the way I see it, we have a long way to go.

If my math is wrong I wouldn't be surprised so don't murder me.

Edit: I'm right there with ya Boss.

re: Goal: No Sell Bitcoin 2018
 

Hold the bus Nate,,,,,I am the FIRST to admit that I don't know much about bitcoin,,,But I DO know that the price of EVERTHING is based on DEMAND and competition.

Gold is GOLD,,,but Bitcoin is a Cyrpto currency it is one of MANNY.

Now the only uses that I can see for crypto currencies are to:

A) Move Money from Point A to B securely and in complete anonymity
B) Move Money from Point A to B FREE of exchange rates

It is B that is the BIG question mark. The usefulness for crypto currencies for Big Multinational Companies, Heck even Governments is CLEAR and one can easily see how they could make use of them.

So, the potential is Enormous. The Questions are will crypto currencies be embraced, (I think they most certainly will) and will there be a "Preferred" or benchmark Crypto Currency, if so, Which? that could be disastrous for the rest of them.

Now a New player is emerging its called Ripple, the interesting thing is that this one has the interest of the world banking community. Potentially one that Bought/Sold/Traded "within" the current worldwide banking system,,,so there is a LOT going here and Caution is KEY

re: Goal: No Sell Bitcoin 2018
 

Bitcoin is on sale!!!

re: Goal: No Sell Bitcoin 2018
 

Buy on the dip folks - its sinking like a rock! $9500 and dropping.
Was to be expected.
Lots of people making a lot of money right now but ill keep holding on to mine.