(08-01-2016 02:10 PM)GlobalMan Wrote: (08-01-2016 01:33 PM)JayJuanGee Wrote: (08-01-2016 04:06 AM)Ray Carlton Wrote: I am curious, how much money did you actually make with Bitcoin JayJuanGee?
At the end of the days, that's what counts.
In the end, you have your opinion about what counts, which seems to be a bit different from mine, and I have no problem with your attempts to present that or to argue that.
I have stated my view quite a bit in this thread, and likely no need to get into depth about my view based on your mere assertion of your opinion, yet in sum, I view bitcoin as one component of a total investment portfolio that guys can tailor to their own situations and parts of any guys portfolio will likely perform differently at different times, and that is generally viewed as a good thing in financial investment circles - and I happen to agree and mostly attempt to follow those kinds of ideas to the extent that I believe that they are suitable to my situation.
Translation- He hasn't made anything, that's why all this hot air. It's too bad he can't be honest instead of misleading people with convoluted reasonings.
I'm not going to take personally your attacks at my honesty because apparently you have not either read nor understood a large number of my posts. In essence, I disclose the good, bad and the ugly, even in regards to myself.
You seem to have recognized that I had been posting on a fairly contemporary basis about my BTC holdings and my strategy, and I have provided sufficient detail in order to discuss my buying, holding and trading strategies.
I am not trying to compete with anyone regarding my approach or whether another approach may be more suitable to some other guy(s).
In my view, average cost per BTC is not a total reflection of the extent to which my own BTC holdings are serving a decent purpose in terms of my total investment package.
To illustrate, I have disclosed some of my situation previously, but it may be worth a bit of repeating.
I started buying at $1,200 in November 2013, and the reason that I started at that point is because I just read up about BTC, and at that time, I considered BTC to be a potentially good hedge regarding the dollar - because almost all of my then investments were either directly or indirectly connected with dollar performance.
I developed a six month strategy to buy BTC on a dollar cost averaging basis and then to reassess the situation.. and yes to hedge against my dollar investments. At that time, I allocated a bit less than .5% of my total quasi-liquid monies towards dollar cost averaging into BTC. After 6 months, I reassessed, and I decided to continue to invest with my dollar cost averaging approach for the remainder of the year, and then to reassess again, which I did. By the end of the year (2014), I had about an average cost per BTC of about $540, but BTC prices were then about $300 (and later to have low price spikes below $200 - but yeah, much of 2015 BTC prices floated mostly in the lower to mid $200s) .
I was going to continue to buy BTC through early 2015; however, I ran into some cash flow issues related to a business of mine, and therefore, I had to streamline some of my purchasing of BTC in early 2015. I did not sell any BTC during early 2015, yet I was not able to buy during early 2015.
By about mid 2015, I had sorted out some of my business and cash flow issues and I resumed dollar cost average buying BTC with whatever extra funds I had available during that period.
By October 2015, my average cost per BTC was around $502, and the price was still in the mid $200s. In about August 2015, I had conceptually divided my BTC holdings into three portions in order to justify being able to sell portions and to trade the portions of BTC that had average costs of below $250 and begun to trade little by little in mid-October 2015 while BTC prices were going up.
In the beginning of my BTC trading my personal trading authorization amounts were really low in comparison to my total BTC holdings, yet I was merely attempting to devise plans and strategies in order to learn how to trade profitably. In essence, I did not sell very much BTC in the November 2015 price run up to $500.. but anyhow, I did sell as prices went up and bought as prices went down and continued to stack up my bets in order to prepare my BTC holdings for price moves in either direction, which continues to be my ongoing strategy in regards to bitcoin and in order to hedge a bit in regards to bitcoin's ongoing volatility to continue to stack up orders on both sides of the ledger.
I continue to dollar cost average buy BTC with spare cash flow, but largely, my amount invested in BTC has not increased considerably after I started trading in October 2015. In other words, my amount invested has remained fairly stable, but my average cost per BTC has gone down considerably, which currently is a bit less than $440 per BTC. I also have fiat stacked up in my BTC trading accounts and even though I have been selling BTC as BTC prices go up, since BTC prices had come down from upper $700, my total holdings in BTC is currently at it's high point.
In the past week with some of the downward price movement, and also logistically, I had been moving some BTC funds around, I am probably a bit higher stacked in BTC than I wished, but anyhow, I am about 97% BTC and 3% fiat in my BTC trading funds. Under current market conditions, I think that I would prefer around 95%.. so maybe I will be able to get back there, possibly?
Sure, I don't know exactly how my personal BTC investment would play out if BTC prices were to drop below my average costs, again, but I have not heard any news in the BTC space that would cause me to sell BTC on the way down or to significantly change my current strategy that seems to be suitable to my total investments.
In other words, I continue to buy BTC on the way down and to sell BTC on the way up... unless I get some kind of news or premonition that will cause me to employ some kind of pre-emptive strike in one direction or another.
(08-01-2016 02:10 PM)GlobalMan Wrote: It's interesting that, now knowing this and looking at previous posts, he continues to dish out advice and present himself as a kind of authority, continues to be bullish, in both an attempt to justify his mistakes to himself and to hopefully get others on board.
I guess that you have some kind of inability or skepticism to take me at my word in terms of my ongoing assertions that I am not trying to sell anything to anyone, including bitcoin.. hahahahaaha.
Yes, I am bullish about bitcoin, and yes, I present bullish information about bitcoin, but in the end, guys need to decide for themselves whether and how much to invest in BTC and what kinds of strategies to employ, if any.
I am only an authority in terms of my own experiences and my own perspectives, but in the end, my experiences and perspective contributes to my opinion which is just that, and guys can take my opinion, evidence and/or logic with whatever grain of salt or they can provide their own information and perspective, if they so choose.
(08-01-2016 02:10 PM)GlobalMan Wrote: Imagine a guy like this demanding the background of others.
I could give a ratt's ass about your actual personal background, except to the extent that it could be relevant to backing up the vague conclusory opinion that you had posted, which to date you have not written anything to back up, except implying, perhaps, that you may possibly have a feeling about the price direction. If you are talking about long term or short term or merely out of your ass, we have no idea because you have taken most of your marbles and almost gone home.
(08-01-2016 02:10 PM)GlobalMan Wrote: I was able to put a substantial down payment on a home from my $600 investment in Bitcoin.
I have nothing against guys making money or having had made money in bitcoin in early days.
There were certainly a lot of folks in the earlier bubbles that made a lot of money with bitcoin in those bubbles, and there were folks who made a lot of money shorting bitcoin in 2014 and parts of 2015, but the mere assertion of past success in bitcoin seems to me to be more of an appeal to authority (or possibly luck) rather than any kind of meaningful contemporary explanation about current market conditions.
Yeah, guys can make vague assertions of BTC movements either price directions, and they may even be right in their predictions, but being right does not mean a whole lot for other guys to credit your assertion(s) in one direction or another or to figure out how your perspective might apply to their situation, if you do not provide some details regarding how you arrived at such prediction(s).
(08-01-2016 02:10 PM)GlobalMan Wrote: But carry on with your blog Juan.
I concede that I do post a lot in this thread, and bitcoin remains an ongoing interest of mine.
I have no problem with standing down regarding some posts or contents to the extent that others may want to put forth various kinds of bitcoin related substance, and of course, it is possible to ignore me too, no?
In any event, guys can post whatever they want in this thread and why would it matter if I agree with either their conclusions or how they arrived at their conclusions?