Bought Bitcoin and can't stop !!!

[Zaphod]

q-school wrote:

is this bitcoin stuff anonymous or not?

i hear differing opinions.  i mean if i go on the dark web can i do shady stuff and not get caught?

is it like a swiss bank account?

 

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bitcoin is pseudonymous, if someone wanted to they can 100% track you down. One of the big flaws really.

I think some of the others are actually more anonymous, but Im sure it will be hard both ways, depends on how much work whoever is looking wants to do.

[q-school]

is this bitcoin stuff anonymous or not?

i hear differing opinions.  i mean if i go on the dark web can i do shady stuff and not get caught?

is it like a swiss bank account?

 

[Sajimone]

All these new crypocurrencies and crowdfunding websites... sounds very ominous!  when everyone is greedy.. be fearful and when everyone else is fearful.. be greedy.

[Hatton]

OK.  Sell enough to cover your original investment plus STCG and fees.  Then your investment is pure profit.  Do not look at it for one year.  Then you can decide whether to take or LTCG or let it ride.

[jfoxcpacfp]

hightower wrote:

I say go all in.  You got to play big to win big.  It’s only a gamble.  What could go wrong?

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My eyes were popping out of my head through this much of your answer. :lol:

[ENT Doc]

[hightower]

I say go all in.  You got to play big to win big.  It's only a gamble.  What could go wrong?  You're just buying a currency hoping it will keep going up in value.  I'm sure it won't fail.  I mean, it isn't actually a very good currency to use really since it's so incredibly volatile. And it would be nearly impossible to use it as a currency because of this, but yeah I'm sure it will stabilize.  It would have to stabilize in price in order to ever be used as a currency (which is the main point of its invention).  And I'm sure when it's price stops going up for a significant amount of time people won't panic and sell and cause the value to plummet.  People will remain calm and keep their dollars in the game even though it's not going up anymore.  You're safe!  Buy more!

[triad]

I'm waiting for a low cost blockchain index fund to be created.   I'd invest in that

[Re3iRtH]

I think thats what I'll do. Slowly sell off the rest of the Bitcoin. Then throw the other stuff on a hardware wallet and lock it in a closet somewhere and forget about it. Thanks

[The White Coat Investor]

Yet another good reason not to "invest" in speculative instruments- the gambling addiction/time suck factor.

Most good traders write down the exit criteria when they enter a position. I would suggest you do so. Perhaps they could look like this:

Sell 50% at $20K

Sell other 50% at $30K

Sell 50% at $10K

Sell 50% at $5K

But you're asking the wrong guy if you want trading advice.

[Re3iRtH]

HELP !!! I took out a small position in BTC and a couple other cryptocurrencies. I have already made my initial capital investment back in short order (~2 weeks).

Now its just playing with house money and I can't stop. Even though its just small amounts, I can see this being a huge time suck going forward. I have told myself I won't check the crypto values but its so hard to do when they are skyrocketing! I check it multiple times per day.

I want to continue to focus on medicine (specialty is fun and generates income) and real estate (generates passive and generational income, and wealth) but this crypto craze has got me absolutely distracted!