Topic: Learn from others mistakes. Hodl - page 2. (Read 3286 times)
I think in the long run all fiat currencies will be worth less in the future, because they are centralized and highly inflationary currencies. Considering these aspects, I also feel more secure holding Bitcoin.
What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life,...
Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.What if you have 100 coins, and it hits $10k.
I would probably retire...
That could work in some parts of the world. For me, I'd need several times that. As in some single-digit multiple.
I know that what works for someone doesn't really have to for the rest of us, but $1 million is a serious sum. Most of us won't hold this much cash ever.
Given this much money I would retire or hire people to work for me.
We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.
It boggles my mind that that actually occurs, but it shouldn't surprise me. Even the campaign I'm in now pays >$20/week, and that's not chump change by any means. I have a regular job in real life that pays the bills, so I'm doing my best to just hold onto whatever bitcoin I get--and hope my campaign doesn't drop their rates like Secondstrade did a few times (though it's understandable). I've definitely made the mistake of not holding bitcoin. The buy-and-hold strategy doesn't work for everything, but I'm a believer in bitcoin. I think HODLing is the best strategy.
In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to. 
https://www.youtube.com/watch?v=bvWh8sh_wPY
https://www.youtube.com/watch?v=bvWh8sh_wPY
Your comparison is on place, and I watched about village in Florida where everyone have shares from coca-cola, some adviser told them to buy that and hold coca-cola shares more then 50 years ago, and I`m sure there is bunch of other similar cases in history. But there is one little catch, not everyone of us is in position to wait and hold. While you wait and holding live is passing, there are expenses and needs, and not to mention critical and accidental situations where we need to pay something a lot more then we can afford to pay. First you need to have enough money to pay bills, to have for food, clothes, and fun with your family, maybe to afford some vocations, and only then you can think about saving, but man I work for less then 4000 $ a year... its less then 4 bitcoins each year at the moment, from where to save?
Edit: Yes I can save from my gambling, but then I will ruin even that one chance for making a bit more money then I currently earn.
Learn from other's mistakes, sold lows 20s amount of coins (mostly bought in 200 range) I believe around Jan last year at a little over $400. Been through too many pump and dumps and didn't want to have to pay attention to btc anymore. Sucks, but i'm glad to see btc at a high level regardless.
I mean it is a better option for Chinese billionaires than stock piling aluminum or whatever they are doing these days, so up we go
I mean it is a better option for Chinese billionaires than stock piling aluminum or whatever they are doing these days, so up we go
What if Bitcoin reaches $10k and you have a lot of coins (20+) wouldn't that be a good moment to live your life,...
Whatevs. What is a couple hunnert thousand (a couple years first-world salary) against potentially life-changing money? I'm riding this charger as far as it will take me. Better live either as a king or a pauper rather than to merely retire a few years earlier.What if you have 100 coins, and it hits $10k.
I would probably retire...
That could work in some parts of the world. For me, I'd need several times that. As in some single-digit multiple.
We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.
Honestly they can still do that (paying bills from the BTC they earned) but we can at least suggest them to save at least 5% of their BTC earning (to not have much impact if it is one of their main source of income) 5% when saved in a very long time can be a big amount too.
In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.
https://www.youtube.com/watch?v=bvWh8sh_wPY
https://www.youtube.com/watch?v=bvWh8sh_wPY
Your comparison is on place, and I watched about village in Florida where everyone have shares from coca-cola, some adviser told them to buy that and hold coca-cola shares more then 50 years ago, and I`m sure there is bunch of other similar cases in history. But there is one little catch, not everyone of us is in position to wait and hold. While you wait and holding live is passing, there are expenses and needs, and not to mention critical and accidental situations where we need to pay something a lot more then we can afford to pay. First you need to have enough money to pay bills, to have for food, clothes, and fun with your family, maybe to afford some vocations, and only then you can think about saving, but man I work for less then 4000 $ a year... its less then 4 bitcoins each year at the moment, from where to save?
Edit: Yes I can save from my gambling, but then I will ruin even that one chance for making a bit more money then I currently earn.
Well, learn from the past is very good, especially in a case like this. if you're able to not follow those who sell bitcoin, bitcoin might hold that you have to be very profitable.
In 1976 Ronald Wayne sold his 10% share in Apple computers for $800. If he had held his stake today it would be worth $60,000,000,000 (60 billion). This why i will never sell my Bitcoin for fiat, i'll keep it till i dont have to.
https://www.youtube.com/watch?v=bvWh8sh_wPY
Good information about it, people tend to behave as react to the current situation. Maybe in the past, some people didn't believe in their investment and decide to sold it. Same as nowadays, when bitcoin reach highest price, people tend to sell it for cash as they worry if bitcoin in the future cannot give them benefits. Moreover, many people has intended to sell their bitcoin if reach certain point as long as they could extract more money. Well, I'm on your side, doesn't matter about the current price as I believe in bitcoin in the future will be great, maybe reach $10,000. https://www.youtube.com/watch?v=bvWh8sh_wPY
Bitcoin should be sold because if not, there will be disruption in terms of its circulation due to no one moving their bitcoins ahead. They are sold because we need real money too to curb with our real life expenses. It's good to hodl currently as the prices are moving crazy, but remember that if US shatters the hopes of Bitcoin being accepted as an ETF, be ready to see the longest red candle of all time.
No worries as bitcoin will never experienced a pure holding because bitcoin users have different views about on how they will use their bitcoin. Remember that not all bitcoin users are here to hold it forever, that is ridiculous. Some are using it as part of their source of income to be used in some of the general needs in life, some used it to play for gambling, some uses it for money transfers for other country so that it will not go through a long process of usual transactions and many more reasons.
So if a person doesn't have a reason to sold their coins then better just to hold it and let those person who uses it regularly to do some selling action.
I am not denying your argument here as both sides are important factors here, because both are needed to run the markets in a balanced way.
But, all I am saying is, hodling is good until the time we know that the effects are going to take place, because if you are out of the markets just before the time that decision comes out, then you are out of the possible spikes and drops which will be seen due to highest volatility on that day.
Two 20-somethings create a phone app in their basement that allows young people to send stupid, inane or lewd pictures or video to each other, that then self-destruct in 30 seconds so their parents can't see it.
And now the U.S. market suddenly thinks that this 'great innovation' given to the world is worth $20B overnight?
Yeah. That happened.
So the point is, don't HODL SnapChat (or Twitter).
HODL Bitcoin instead.
And now the U.S. market suddenly thinks that this 'great innovation' given to the world is worth $20B overnight?
Yeah. That happened.
So the point is, don't HODL SnapChat (or Twitter).
HODL Bitcoin instead.
You nailed it, SNAP is much worse than WhatsApp, yet the market reacted with $20B valuation, WTF!? All I can say is human stupidity is infinite.
You cant compare 2013 to 2017. Different time, different market, different amount of users, price, trend, economic situation etc
Bitcoin should be sold because if not, there will be disruption in terms of its circulation due to no one moving their bitcoins ahead. They are sold because we need real money too to curb with our real life expenses. It's good to hodl currently as the prices are moving crazy, but remember that if US shatters the hopes of Bitcoin being accepted as an ETF, be ready to see the longest red candle of all time.
No worries as bitcoin will never experienced a pure holding because bitcoin users have different views about on how they will use their bitcoin. Remember that not all bitcoin users are here to hold it forever, that is ridiculous. Some are using it as part of their source of income to be used in some of the general needs in life, some used it to play for gambling, some uses it for money transfers for other country so that it will not go through a long process of usual transactions and many more reasons.
So if a person doesn't have a reason to sold their coins then better just to hold it and let those person who uses it regularly to do some selling action.
I was a fairly early BTC miner. I had mined 130 or so BTC, and sold everything at ~$33/BTC.
Take it from me: hodl.
Take it from me: hodl.
I do think every one has their own reason why they sell. We don't know their stories and maybe they needed fiat more at the moment they sold theirs. It's still a choice though. If the price go up, for sure there will be regrets (even a little) but we can always look at the brighter side. 
I hope we all be satisfied with our decisions (whether to sell or buy).
i think whatever decision we made its always have what if in returned as we really don't know what will happen next or in the future ahead I hope we all be satisfied with our decisions (whether to sell or buy).bitcoin is really rising and if there's possibility to keep holding better to that now don't let this opportunity to pass.
Ive been around these forums awhile and at one point I added up all the BTC I ever owned - It was over 200 BTC. If I would have held Id have $240,000 today. I sold some when it went from $5 to $30 then sold more from $30 to $100, and from $100 to $200. At that point I wised up and decided to start holding. I havnt sold any since and have only bought more. Unfortunately I only have a fraction of what I owned then.
Very good point.
Bill Gates tried to trade all his microsoft stock for stock in Lotus, before microsoft became the giant it is today.
Peter Norton the founder of Norton anti virus used to believe malware and computer viruses were myths.
Some people succeed simply for being in the right place in the right time, it has little to do with brains.
Peter Norton the founder of Norton anti virus used to believe malware and computer viruses were myths.
Some people succeed simply for being in the right place in the right time, it has little to do with brains.
Very good point.
We cannot tell that to those who earn bitcoin like in signature campaigns here to pay their bills. I hope everyone hold as well because of the rise in price but its not true to others.
If somebody paid his last month's bills with bitcoin earnings, he is going to have a surplus this month.
You can at least hold the surplus for eternity.
Bitcoin should be sold because if not, there will be disruption in terms of its circulation due to no one moving their bitcoins ahead. They are sold because we need real money too to curb with our real life expenses. It's good to hodl currently as the prices are moving crazy, but remember that if US shatters the hopes of Bitcoin being accepted as an ETF, be ready to see the longest red candle of all time.
I do think every one has their own reason why they sell. We don't know their stories and maybe they needed fiat more at the moment they sold theirs. It's still a choice though. If the price go up, for sure there will be regrets (even a little) but we can always look at the brighter side. I hope we all be satisfied with our decisions (whether to sell or buy).
I hope we all be satisfied with our decisions (whether to sell or buy). Jump to: