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Topic: How does it feel to spend bitcoins and soon after the price goes up? - page 2. (Read 1426 times)

hero member
Activity: 672
Merit: 500
So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...

Depends on how much that something is. If that something costs 1 btc, the difference is not big. People who mind these situations should buy bitcoin back immediately after purchase. Anyone who isn't buying bitcoin now has no right to be envious when bitcoin hits $1000 again in a few years.  Grin
legendary
Activity: 3766
Merit: 1217
Two months ago, I sold 70% of my coins for $230 each. And now the prices are in the $275-285 range. And worse still, I might need to sell my remaining coins as well. I have a debt repayment ($1,000) due in the next 15 days time, and right now I have just $200 with me. Feels bad to sell the coins... but I don't have any other option.  Huh
legendary
Activity: 1372
Merit: 1252
The "fun" part of this is probably both the owner of 10.000 coins and the pizza deliver man that delivered the 10.000 coins both have no BTC right now because back then it was almost useless, so I doubt they took extra measures to hold those coins for years.
Lesson learned: Feel free to spend your BTC, but have a % of it frozen and have a % of the BTC you make to keep growing that frozen stack for the future.
hero member
Activity: 910
Merit: 1000
25$ for 10000 BTC ? I kick myself even after the price goes up by 10$ when I would have just sold a few BTC's . But lately even I have been trying to avoid feeling bad for things I missed out on. There is nothing gained after regretting actions in the past.
hero member
Activity: 560
Merit: 500
The same as it should feel if you spend your fiat on something other than bitcoins before the price goes up.


When people hear about Lazlo spending 10,000 bitcoins on a pizza back in 2010 they usually say "damn, he's probably kicking himself right now".

Well, why aren't you kicking yourself right now for not buying 10,000 bitcoins for $25 back then? It's the same thing. He could have spent $25 on a pizza or 10,000 bitcoins on a pizza. Or he could have spent $25 on 10,000 bitcoins.

So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...


very true Elwar.

if i could travel back in time i would spent 20.000 BTC for some fucking pizzas. people that say "damn, he's probably kicking himself right now" dont get it.

Obviously everyone kicks themself after doing something like that, but no one knows the future, and you could have just as easily saved yourself from LOSING a lot too.

BUT, the one thing I've picked up following the show "Shark Tank" and the investors on the show is they have one common lesson:  Failing is good.  You need to LEARN from your failures so you don't make them again, and you will be better equipped going forward to succeed.  There's no point wasting time being upset because you made a bad call, nothing you can do to change that.  Just move forward and keep going.
hero member
Activity: 714
Merit: 500
What's done is done.
My BTC are currently worth less than when I have bought them. A lot of people would argue, that I have lost money. No, I didn't, since I wasn't stupid enough to sell them at a lower price, than I bought them.

I also mostly just buy new coins, when I used them, so there is also no loss there.

People are just worrying too much. The only loss is in your head(pun intended)
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
The same as it should feel if you spend your fiat on something other than bitcoins before the price goes up.


When people hear about Lazlo spending 10,000 bitcoins on a pizza back in 2010 they usually say "damn, he's probably kicking himself right now".

Well, why aren't you kicking yourself right now for not buying 10,000 bitcoins for $25 back then? It's the same thing. He could have spent $25 on a pizza or 10,000 bitcoins on a pizza. Or he could have spent $25 on 10,000 bitcoins.

So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...


very true Elwar.

if i could travel back in time i would spent 20.000 BTC for some fucking pizzas. people that say "damn, he's probably kicking himself right now" dont get it.
sr. member
Activity: 308
Merit: 250
I used to worry about this kind of thing, but then I realized that I can't predict the future.  Those guys who got rich by being early adopters might have seen the potential in bitcoins, but there is no way they could have known what the price would be in the future.  So when this happens I just shrug.
legendary
Activity: 1036
Merit: 1000
Thug for life!
i know a good amount of traders that once bitcoin goes up 10 to 20 usd they cash out in order to get their profits out and wait for a new entry, the bitcoin makert is a crazy play ground when it comes to day traders, they just love the gains.
hero member
Activity: 784
Merit: 500
There is someone who speaks to your head and saying "why why did you do that. Didn't you know what will happen ?"
But after that i keep relax, there is nothing that you can do after it's done.

Exactly and it is least concerned once we have already spent. You cannot keep on regretting on it and why we are earning?? whether its bitcoins or fiat, we are earning to spend so if we keep on thinking like that then its better not to hold either fiat or bitcoins.
legendary
Activity: 1470
Merit: 1002
There is someone who speaks to your head and saying "why why did you do that. Didn't you know what will happen ?"
But after that i keep relax, there is nothing that you can do after it's done.
legendary
Activity: 3598
Merit: 2386
Viva Ut Vivas
The same as it should feel if you spend your fiat on something other than bitcoins before the price goes up.


When people hear about Lazlo spending 10,000 bitcoins on a pizza back in 2010 they usually say "damn, he's probably kicking himself right now".

Well, why aren't you kicking yourself right now for not buying 10,000 bitcoins for $25 back then? It's the same thing. He could have spent $25 on a pizza or 10,000 bitcoins on a pizza. Or he could have spent $25 on 10,000 bitcoins.

So if you spend some bitcoins on something, then the price goes up. Don't worry about it. Would you have spent fiat on that thing? Fiat that could have been used to buy bitcoins...
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