Quote from: gentlemand on April 18, 2014, 01:25:32 AM

Quote from: Post-Cosmic on April 18, 2014, 12:55:32 AM

Quote from: strawbs on April 18, 2014, 12:45:01 AM

Quote from: shmadz on April 17, 2014, 11:04:29 PM

My money finally cleared, I'm curious to know what you guys would do at this moment if you were in my shoes.

Buy BTC now, don't take any advice from this forum, don't bother trying to draw lines on charts, don't day trade, don't react if the price swings rapidly in either direction, return in a couple of years from now to find yourself very well off.

I know, it's just so simple & effective to forget about it & hodl for years.

..

..But, I don't have years. I already spent 9 years (I'm still in 20's so it's mostly fine) losing money to a not-so-expensive-but-still 'variable-rate' learn-the-hard-way tuition fee. I need to make each slice of $$ within days, maybe weeks at most, not months nor years. And I'm not the only one. It's just difficult, not impossible. Some are making it.

And +, there's always that half of my capital that's sitting in low-priced alts for long-term. That's a sufficient hedge against any trading loss.

That's pretty hard won advice from people who've been there and done that.

I'm sure we'd all love to be turning debts to dust within days. Perhaps a few on here can do it. The majority will soon end up on the wrong side of a trade and get deeper in the hole.

And your backup plan is to have half your worth in low priced alts? You may well score big on one but that's a massive amount of exposure for markets that are usually piddling and easily milked to death.

There are so many alts to chose from.

Each person has to chose their own comfort level in how diversified to be. My portfolio is less than 10% in Crypto - however, if the price goes up, then I am going to allow my percentage to increase to 30 or 40% of my total investment(s). I will reassess, my comfort level, ; however, Part of the reason that I invested in bitcoin was to diversify out of the dollar (b/c my other investments are largely, to my knowledge, tied to the success or failure of the dollar).

From the crypto portion of my investments - less than 5% of that is invested into alts, and since there are so many alts... I am considering largely abandoning them (actually I am invested in small amounts of the 7 alts that are listed through BTC e).

Personally, I would suggest having an investment portfolio in your comfort zone... and to be sufficiently diversified so that you do NOT become desperate or overly stressed if one or more of your investments crash to zero or near zero in value.