I mortgaged my house to buy $300,000 of ETH at 800. I dod not tell her. This house was paid off in full. Now I cant make the mortgage payments with my job. I cant even sell the ETH easily because I live in NH. Should i keep holding? Tired of making excuses about wherr all the money is going. I guess I'm what you call a loser. Thanks everyone.
Yes, You are. Sorry, cant deny it.
But You are not the biggest loser. You have balls to admit, where this cryptoshit has brought You. There are many much bigger losers, who hide their heads in sand and whisper: "HODL".
Sorry, I wish, I could tell You that You will get some of Your money back, but I dont believe its going to happen.
Lol. Are you pretending to be some kind of sage or something? There is a reason why so many people say that HODLING is a really tough strategy to master and it is possible to earn humongous profits in certain cases.
People who HODLED Bitcoin, Litecoin, Ethereum, Ripple etc ever since their inception upto 2017 must have become instant millionaires due to their remarkable patience levels which goes to show how effective this strategy is.
Coming to the op, I personally think that you took a big risk, but that definitely does not make you a loser. Man up and admit your mistake to your wife and follow through with whatever punishment gets awarded to you. Don't invest what you are not willing to lose people.
HODLing is a boiled frog strategy, nothing else. You cant have a strategy in scam scheme. You may only have some luck with timing, unless You are not scheme master.
You have been HODLing at least 50% off of Your money, Im OKAY with if You decide to proceed. I (unlinke bitcoin enthusiast who know for sure, "raise will come") can not even quarantee You, that price will not raise anymore. It may, if they find new supply of morons, who insert their real savings into this scheme.
So I dont know, if HODLing now, can bring some of Your losses back. But what I do know is: in long term BTC will stop existing. And I speak relatively here. BTC wont see year 2020 at any price level, like current. It will be 90% down from today.
Mark my words. I have said it already in this forum, if You read my posts. You are warned.