shmadz
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@theshmadz


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February 06, 2014, 05:54:45 AM

Altcoins are much better way to increase number of BTC than btc vs fiat trading.

When we talk about unrealized gains, yesterday was a third month when I cashed out like 5 BTC. That's how I decided to hedge and gain some realized profits - selling for 4-5k$ per month. It's quite enough to live more than comfortably and to spare at least half of that where I live.

other than the $4-$40 move in litecoin on btc-e, I haven't done well in altcoins. I just don't have the attention span to stay on top of so many competing bets. Kudos to you for being able to play that market.

As far as that "unrealized gains" thing, I have enough problems dealing with my current fiat income and where to put that. Gold? Silver? I have a little of both, but most of my disposable income tends to find it's way to the exchange to sit and wait to pounce.

I don't play them all to be honest and have bad trades from time to time. WDC right now look like one I'll get burned with, though I always had luck with it and got on the top on the end. But I had lot of luck and some nose to get in into some great altcoin/shares etc. trades that made me approx 50x more coins with 250x fiat value than my initial investment in March 2013. I usually lose money when trading btc vs usd though unless I catch some big crash, I don't know shit about charts and stuff.

Still don't have reinvesting problems though, I'm waiting for 2-3k$ per BTC to start cashing out bit more. I have a plan then definitely, it's real estate and a state telecom share that pays around 8% of dividend for years.

nice, I'm still in the makings of my plan. gonna need 20-30k$ per BTC to see mine play out, I just hope I have enough time....