Man, that was a fun ride... although scary (if you put fiat into cryptos I guess) it's pretty cool to watch your portfolio increase by your annual salary in a day.
I'm keeping ~150K BC because despite what everyone else says - I truly believe it is a better coin in every way to BTC. BTC is a cumbersome and useless disaster for commerce, and it's a horrible store of value long-term as well - but it's the beast you have to deal with to invest in anything else.
Only made a few BTC at the top, as usual things got real dramatic... while I was sleeping
so other than my 10% profit taking at 80K sats... the pump was pretty much a write-off past my last sale at 50K on the way down.
Made about 60BTC off the whole thing however, and at least half of that will be going back into BC the second it finds a true low support level. The worst part of BC was the distribution, and the fact that no matter what - a crapload of people thought the coin launched
4 days ago because that was when they first noticed.
Meh, been through it with BTC, then LTC, then PPC, then DOGE, then MINT, now BC...
I'm on the hunt, but I can't get on board with XPM... much better than some - but really, none of this crap is going to be around in 5 years (not saying cryptocurrencies in general - just none of these
coins). I just can't see it getting hyped for anything - but who knows... hopefully it will work out for ya. For me it's just a matter of finding:
A) The next truly great combination of fundamentals (which is why I accumulated so much BC from 500sat to 5Ksat and tiny amounts even higher from there).
B) The next retardedly stupid pump and dump so I can just be another parasite whale fleecing the masses of their life savings'.
You might not like that second one - but lets face it... if we make hugely successful trades... it's on the backs of some truly stupid people who just so happened to arrive a little too late to the party. Really, after what I saw and read during the feeding frenzy of BC - I've basically given up on humanity's chances. So many people's idiot children throwing good money after bad in an attempt to get rich without having to read, think critically, or work at anything. If you make anything successful - everyone attacks you because they didn't get a fair share of something they didn't even bother to notice. Then when they do something really stupid it's everyone else's fault and everyone should give them their money back to do it again. One guy say he'd dumped his life savings into BTC and then dumped all that
into BC at 90K sats (at a time when the growth was literally
off the charts, yet there was no news whatsoever and the coin hadn't changed fundamentally from the week before when it was 4.5K).
I used to (years ago actually) think we could one day evolve into an autonomous collective of individuals capable of both personal success and collective improvement. LOL! Man, I sure wish I had some of what I was smoking back then! If anything the information age has made fewer of us rich, fewer of us more knowledgeable, and even more of us a herd of lemmings that uses social media to guarantee
that they all go for the same ledge at once.
I did something with BC that I shouldn't do - I thought about them (and I really do still believe that BC is the right recipe to match, if not beat LTC and BTC)... that was the only thing that prevented me from dumping my entire portfolio at ~75K-80K and then just scooping up the pieces at the bottom. It felt like stealing (and really I think it is)... but if they're just going to throw it away anyway...
PS - Don't know if it will ever get noticed... but I still like those nut guys too... bought another 30M just for grins... we'll see what happens in a few months.Edited by DiGiCiDAL - 4/16/14 at 11:56am