Quote from: 600watt on February 03, 2017, 07:50:00 AM

Quote from: JayJuanGee on February 03, 2017, 07:40:55 AM

Quote from: 600watt on February 03, 2017, 07:34:21 AM

Quote from: Karartma1 on February 03, 2017, 07:20:21 AM

Quote from: 600watt on February 03, 2017, 07:01:39 AM

back to $1000

good bye triple digits Wink

There has been a very long red candle on Stamp half an hour ago. Did you see that? we got back to the triple digits but the price bounced back without problems. I'd say, yeah

this red candle was exactly what i meant when i was considering a stop loss in my previous post. a stop loss to close to the actual price could get triggered but if afterwards price climbs back so fast it is possible that you wake up just to learn that your coins are gone for a cheaper price and price continues to rally.

i guess i better just don´t fuck around at all with any of my coins. after all those years i learned that for me this is the safest strategy. especially in an uptrend. bitcoin is a beast and even though there is only one dimension that the price can move (up/down) there seems to a myriad of ways for an unskilled noob like me to lose coins when trading this roller coaster.

missing the sell@top/buy the dips opportunities is easier to handle than actually lose some of my beloved shiny holy coins. i keep watching, that is entertaining enough.

That is why you do not employ any of those leveraging tools, or margin or anything like that.... it is too risky, unless you are going to be really actively involved and you employ a bunch of off set strategies that cause you to win big for every 5 times that you end up losing... hahahahaha

stick to really simple and small and non leveraged (and later, you can increase the amounts, once you get a decent feeling for it)

fine if that works for you. i stick to hodling. Wink

you are the one who had been asking about strategies to protect yourself (or your BTC holdings from volatility)

And, also, you were suggesting some method that includes stop loss bullshit (which in essence is a kind of gambling - as you already seemed to acknowledge)

Also, if you sell an amount of BTC that is small enough, then you should not really give any kind of ratt's ass if you ever use those proceeds to buy back (in the event that you get left behind), because even if the price never ever comes back down again... you still have plenty of BTC to get richie in the event that prices go up 2x, 5x, 10x, 100x.. or whatever is your thinking of upside price possibilities

So, yeah, such a strategy works for me, but it can work for anyone as long as that person picks numbers that are comfortable for them.... .. furthermore, it does not seem to be a good strategy to sell BTC at all when you are in early BTC accumulation stages.. or even if you feel that you are in BTC accumulation stages to establish a comfortable base stake in BTC.