All posts made by Loewy in Bitcointalk.org's Wall Observer thread



1. Post 4167006 (copy this link) (by Loewy) (scraped on 2020-04-04_Sat_11.47h):
Hi Guys!

I am currently trying to invest about a couple of bucks in Bitcoin, and have been reading up on all kinds of predictions and advice (dreams even) over the last couple of days to get an idea of how to do this.

I am not putting in more $ than I am prepared to lose, but considering it is still quite a bit of money to me (though it may be peanuts to some of you guys) I want to make an informed and rational plan and not buy at an ath this time. I know that when I start looking at trade charts and the news constantly I will only behave like the herd and lose coins instead of gaining (holding) them.

My guess is the price will go down some in the near future and, in the case of some more bad news from china or something, maybe even dip quite low. After that I presume it will rise again to new records. Since I'm buying I want to buy as low as possible of course, but I do not want to risk missing the boat completely before the price rises again.

So I came up with these orders on Bitstamp (lets say I want to invest a thousand bucks):

at $521/BTC buy .333BTC for $173.49
at $357/BTC buy .333BTC for $118.88
at $303/BTC buy .750BTC for $227.25
at $273/BTC buy 1.76BTC for $480.38

Comments are highly appreciated.


2. Post 4167446 (copy this link) (by Loewy) (scraped on 2020-04-04_Sat_11.47h):
Quote from: marvinrouge on December 27, 2013, 11:40:52 AM
you're optimistic ! Even if you're right and bitcoin crashes, you have little chances to see your orders under 400 filled (so even if you're lucky you could end with almost no coins
Even if you're bearish you could think about what you would do if bitcoins doesnt go below 600 anymore (you would completely miss the boat)
I see what you mean. I should think about what happens if btc doesn't go below 600 anymore. Though, well, I really think it's way too high right now and below 600 should be probable. Thanks for the advice!


Quote from: F-bernanke on December 27, 2013, 11:45:07 AM
Thats peanuts indeed, I don't know how old you are or where youre from, you should look into increasing your earnings, en slashing your costs.

Well, since I didn't state the amount I'm investing, this is kinda funny. Thanks for the "increasing your earnings and slashing your costs" advice, I am doing that also (quite successfully) in the last couple of months.


3. Post 4167872 (copy this link) (by Loewy) (scraped on 2020-04-04_Sat_11.47h):
Quote from: macsga on December 27, 2013, 11:53:43 AM
If I were you, I'd go all in at once. Pick up your entry point and dive in. If you weighted this entry point OK, then you will see your USD/BTC rising; if not you will still have something that will possibly worth a great deal of $ after 6 months minimum. The idea you're presenting is only good only when you want to sell your BTCs (in reverse order of course) Grin

Thanks. I've thought about this option as well, just buy and be done with it and then sit on the coins for a couple of years. Any advice for an entry point?

Quote from: gotmilk_ on December 27, 2013, 12:19:52 PM
Under 600$, yes... but under 400$ and 300$? I think you will miss the train. And if you're playing for a long term here, you should not wait for under 400$.

Edit: lots of money could come on stamp today... bank were closed in Slovenia for 2 days. So any thoughts about weekend?  Wink

I think $400 is possible given a crash because of bad news, but you're right, if that doesn't happen I'll miss the train. I don't know about the weekend, didn't know about the Slovenia banks. Guess prices will rise because of that but there's a lot of other factors as well, hard to get good view of those.

Quote from: marvinrouge on December 27, 2013, 12:27:35 PM
Quote from: Loewy on December 27, 2013, 12:07:44 PM
Quote from: marvinrouge on December 27, 2013, 11:40:52 AM
you're optimistic ! Even if you're right and bitcoin crashes, you have little chances to see your orders under 400 filled (so even if you're lucky you could end with almost no coins
Even if you're bearish you could think about what you would do if bitcoins doesnt go below 600 anymore (you would completely miss the boat)
I see what you mean. I should think about what happens if btc doesn't go below 600 anymore. Though, well, I really think it's way too high right now and below 600 should be probable. Thanks for the advice!


You don't understand. I don't tell you it's impossible for the price to go to 250 (or 400, or 600), but you seem not to even think about the possibility of another scenario. In the summer when the price was at 65 many were waiting for 50 or 30 to buy. They bought at 110 or worse.

Be assured I do understand what you're saying. Thanks for the advice.


4. Post 4168841 (copy this link) (by Loewy) (scraped on 2020-04-04_Sat_11.47h):
Quote from: geoffreyqp on December 27, 2013, 12:41:46 PM
this is good plan. personally i would increase each of those by $100-$150. gl

Thanks for the advice, I am considering what to do at this point. But I think I will do what you suggested.

Quote from: Ivanhoe on December 27, 2013, 01:14:11 PM
Too much effort for too little money. Although it's good that you actually made a plan. If i were you i just placed a bid slightly below the current price. Put the coins in a cold storage and then wait and hodl.

Thanks, I have been thinking about that option as well. I want to have the coin(s) in cold storage somewhere in the next couple of months to sit on like a cockroach. Just need the right (well, at least not the stupid) way to get there. I'm currently considering your option (the easiest and fastest) and the option that I replied about to geoffreygp above (possibly get a bit more btc, risk of getting a bit less btc). I think I'll sleep about it and decide somewhere during the weekend.

Thanks for the input everybody.