Quote from: dmwardjr on May 25, 2016, 11:45:07 PM

Quote from: JayJuanGee on May 25, 2016, 08:58:29 PM

Quote from: dmwardjr on May 25, 2016, 08:13:24 AM

You might consider my investment of 40% of my available funds in crypto as ludicrous. I'm not sure. I know some people think I'm crazy. However, I'm CRAZY about bitcoin. I even mine bitcoin. I used to mine it rather seriously for a home miner. I have 400A service at my house. I had 41 x S7's in my house at one time. Now, I only have 6 x S7's. I sold the rest on eBay the second week of March at approximately $820 each on average not including eBay and PayPal fees. The buyers paid for shipping. I absolutely LOVE Bitcoin. I always will as long as it's alive and kicking. I'm all in [so to speak] with everything bitcoin stands for! It's part of my being. My wife is witness to that. She cannot keep me quiet about it around friends and family. lol

hahahahaha... you seemed to have adequately described and disclosed your BTC bullish credentials, and sounds like you have quite a bit more investment in btc than me, and a lot of very decent BTC-related experiences that are going to continue to contribute to your insight into BTC and your various BTC trading strategies, whether you diversify into alts or not or use them as bitcoin building opportunities.

I do my best to be bullish as possible. Thanks! However, as you know, we cannot always be a bull. The more I think about it I'm probably more often in "short" mode.

Yes, all of this has been a learning experience. I'm still learning all the time. I'm about to get more involved with learning about eliot waves (EW) as soon as I get a couple of e-cig stores opened. I got to get those on the move first.

Certainly, there are various trading strategies and perspectives. Certainly, it would have been very profitable to short bitcoin throughout 2014. I recall the end of 2014, there were many promotional training camps (how to short bitcoin), yet 2015 would have been much more mixed in the performance of shorts, and then certainly after August of 2015, you would have had to have been a lot more skillful to profit by shorting BTC, not undoable, but a lot more challenging.

So far I have not really employed any strategies that short bitcoin, instead my strategy has been to open and close longs, and yeah maybe I could be more profitable to learn how to short.. but in the end, I feel sufficiently bullish about bitcoin to bet towards its success... I am not sure about how I am going to feel when we reach mid $600s and then $800s and then $3k to $5k range..

You know my own feelings and strategies are in part going to depend upon how long it takes BTC to get to each of those price points, if at all, and then what are either the direct causes or reasonably inferred causes for such price rises...

At this time, I cannot see myself putting 100% of my coins on various exchanges and then selling 100%, even if price shot up to $5k and selling seems like the right thing to do.. maybe in those hypothetical circumstances I could sell 80% or something like that? In some sense it is good to think through these kinds of various hypotheticals in order to attempt to prepare oneself for what could be amongst the most practical approaches on a personal level.

When we are thinking about our own personal finances, we do not necessary become coin monagomists because the best thing for us may either be to diversify our finances or to completely pull out of a certain investment under certain market circumstances even though such action may not be good for the whole BTC infrastructure. I am not talking about scamming anyone and stealing their coins or misleading them, just acting prudent and reasonable on a personal financial level and selling to people who are buying at the time that we are selling (it's the way of one part of capitalisms, no?)