Quote from: Kylapoiss on May 18, 2018, 11:15:37 AM

Quote from: JayJuanGee on May 17, 2018, 07:02:12 PM

Quote from: Kylapoiss on May 17, 2018, 06:00:06 PM

Quote from: infofront on May 17, 2018, 01:57:04 PM

Many woulda-been, coulda-been Bitcoin millionaires become bitter, anti-Bitcoin zealots.

I got into the boat in 2013, but sold all my stash in 2015 because of reasons, would be a multi-millionaire now

didn't get me bitter though, that's just life.

But back I am, hopefully smarter this time, started to rebuy in Nov 2017.

Yes, there are more "normal" peeps that attempt to learn from their mistakes and to develop better strategies. It can take a long time to move away from our tendencies to repeat our mistakes, and sometimes identify areas in which we can develop better plans and to place ourselves into a better position to prepare ourselves for luck.

You know the saying that there is no such thing as pure luck because luck is largely a product of opportunity coming from preparation?

I would not mind hearing some more of your details and plans on how you are expecting to go forward. Hopefully, you understand that bitcoin remains the main place to emphasize your long term efforts, even while there remains ways to make short term profits from some of the alts.. perhaps?

I agree with your statements, especially with the luck one, blind luck rarely represents itself.

My plan is to accumulate bitcoin and other crypto and hodl them tight this time, no cashout plans at least inside the next 5 years. I actually was against the alts when I held bitcoin the last time, had them maybe 1-2% of my portfolio before cashing out, but there is some real money to be made there now and some of the alts have great teams and ideas aswell. The reason for cashing out was not fear of market, as I planned to hodl anyway, just had some trouble in real life and cashed out in smaller portions. I have my life and financials set up from a much better perspective now, so I think this time I don't have to go to my coins to get fiat.

I have been trading back and forth a bit since December and grown my wallet slowly too, had everything in bitcoin at some point, now the ratio is maybe 30-70 (BTC-alts), but I'm keeping an eye on the market constantly and when I see some coin is not worthy anymore, I'll convert it to bitcoin. Main idea is to accumulate bitcoin of course, trying just to grow it with the help of alts and so far it's working. Soon I start to transfer small amounts from trading to my cold storage and keep them there. So alts, for me, are to accumulate more bitcoin, though I have faith in a few projects (none of them is in top30@CMC). I'm buying around $1-1.5k worth of crypto monthly.

I'm getting most of my information relating bitcoin and its movements from this thread, have done so for the past 5 years (been inactive at some points), have been reading it without an user, though had one called "maakas" a couple of years back. And I hang around google relating bitcoin articles too. I know little of TA, but as it has shown itself wrong so many times relating bitcoin, I don't have much trust in it when making my choices. One thing is for sure, when kwukduck appears with the doomsday posts it's buy time!

Thanks for showing interest, I love this community!

Thanks for providing some of your details. I don't necessarily agree with your goals, but I would be concerned about some of your potential distractions with alt coins and that your perception that you have decent chances to use alt coins to accumulate more BTC than if you held BTC itself.

I probably have disclosed numerous times in this thread that my alt coins tend to be less than 5% of my total holdings, and I think now is around 2%-ish. I do understand that some members might have perceptions like yours that it is possibly useful to keep higher allocations in alts to accumulate BTC, and I tend to be o.k. if they were to take a 20% alt strategy, but not an 70% alt strategy as you seem to be currently... but maybe if you reversed your allocation to 70% BTC, you could still find a way to make it comfortable for you, especially if you have what seems to be a minimum 5 year investment and building of your portfolio plan.

Of course, in the end, you have to find your own level of comfort, but I tend towards lessening the gambling aspects which causes me to remain in the 90% plus arena for bitcoin, and I become less and less able to relate to those strategies the more that they allocate higher level to alts, even if they end up getting lucky by playing around with shit that can implode at any moment - which is not the same as the continuing strength of the fundamentals in bitcoin.