Topic: My feelings after 11 years with crypto. - page 5. (Read 3448 times)

It could be 5 bucks then would he be winner?

I've lost 250k investing in a weed farm (dumbest idea ever), 500k in one divorce and 100k in another. Such is life it's on me to make better decisions.

But you have your wife. If you lost the one you love and loved you none of that would mean anything. You would cash in the world to have her.

8/26 6 years ago I lost the love of my life, completely changed my perspective on what really matters. Bitcoin? pfft.

My name is Michael Saylor, i own a lot of bitcoin at an average price of 22k usd, can you buy in pls. i need my investment to appreciate.

Who was saying to borrow money?  and we are not talking about "crypto" here, we are talking about bitcoin.

OP said that he sold all of his bitcoin in 2015, and he is having regrets, but he decided to just quit and to proclaim himself as a loser who missed out.

So far, we are not talking about borrowing money.  You brought up that topic and proclaimed that we were talking about borrowing money to buy bitcoin when we were not talking about that in this thread.


No one was talking about borrowing money, until you brought it up.. that's a different topic. 


That's a fair point regarding not comparing yourself to others, but OP just decided to NOT do shit.. to abandon bitcoin and then he saw that his peers were doing better than him financially, so he feels that he screwed up and he feels that it is too late to do anything about it.. so if he wants to perceive himself as a loser, then I suppose that is his choice.

Alternatively, he could create a bitcoin-related plan and attempt to follow it.  Yet, again it is his choice about what he wants to do, just like it is the choice of the rest of us about what we want to do... Each person can choose in the present regarding how they want to deal with situations/choices that they made that they perceive had not gone well from them in the past...and they can choose whether to give up or to figure out some kind of strategy forward.. that may or may not involve borrowing money to buy bitcoin, but we had not been really talking about borrowing money until you brought it up.


Don't fuck around with shitcoins, including NFTs. They are  not the same thing as bitcoin.


Bitcoin is likely around 1,000x more valuable and useful than gold - yet it may well take more than 100 or even 200 years for bitcoin to get to that market cap, even though currently bitcoin is about 1/20 of gold's market cap.

Sure, you can put value in gold and silver, but they are likely ONLY preparing you for an Armageddon like scenario, which I would have my doubts about how high the odds of such a scenario - maybe 5% at best?.. but hey, you can invest as you like and allocate as you like, even though bitcoin likely replaces gold's use case, monetary usage and various other monetary properties at least 1,000x more powerful in terms of portability, verifiability, divisibility and the ability to self store it without incurring so many third party risks, including cost of having third parties hold it which also get in the way of the efficiencies in actually possessing gold versus bitcoin.  So yeah, you, Peter Schiff and others are likely going to continue to lose if you really believe that gold is going to perform even close to as well as bitcoin in the next 5-10 years, and you can even look at bitcoin's performance in the last 5-10 years to see similar levels of past results that are likely going to continue with bitcoin as a better asset class than either gold or silver (and gold surely is better than silver, too)... and yeah, of course, it is your choice to allocate into gold.. if that's what you choose and to fail/refuse to sufficiently and/or adequately allocate into bitcoin because you have a lot of nonsense ideas in your head in terms of bitcoin being less tangible and that people on the interwebs are trying to pump it.. and all that kind of baloney when the fact is that you are seeming to continue to even want to recognize bitcoin's investment thesis (and your own long term allocation into it) as a matter of how much rather than if.

Bull year?? Its a bear market. Something needs to have real utility or use. Promises that take 10 years +? Low cap coins are easily manipulated in price with a few buys. NFTs and most alts are rubbish. Who uses doge? All speculation. Bitcoin and crypto been around a long time but nobody really using it for much more than speculation. Why would I use btc to transact, when opening exchange accounts they want a photo print of your butt. Worst KYC processes ever seen. Plus we prefer to hoard and sell at big profits or people use on darknet.

For many in society the use of crypto is not a real requirement. People tend to go back to gold and silver when countries are unstable. You may even have power outages. Internet outages. I dont see crypto backed by anything but a digital algorithm. Yes its a great digital concept but its not helping anyone apart from we holding and selling at high prices. Its for profits. And biggest holders go online and tell us to hold.

I also threw away some decent bitcoin on dice gambling when I was newly into crypto, I think it was Yobit exchange where a gambler can role a dice to win some coins, blindly and sadly I was gambling away with some valuable amount of bitcoin hoping to win big unfortunately lost some decent coins, it's unfortunate the OP that had passed through some appalling condition now regreting which actually beyond his control, if majorities of early adopters of bitcoin knew it value is going to skyrocketed later none of them would have sold their coins, the buyer of pizza wouldn't throw away his bitcoin for a cheap thing, please move on "when there is life there is hope".

maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.

Sorry for your loss. We all had done these type of mistakes where we did not hold the bitcoin or other crypto for long.

But there are still many opportunities with crypto. If you buy bitcoin and keep it with you for next 10 years, still there is scope for larger profit. Similar opportunities are there is the filed of other crypto coins and NFTs. 

The majority of us investors' biggest problems is a lack of patience and understanding, honestly, it is one thing to have the money to invest and another to fully understand what you are getting into and have the mindset to be willing to wait as long as it takes to see results.
I have a similar experience which i will be sharing someday (not with btc though). Your problem was you were not patient enough and understand how big an opportunity btc was back then to change your financial status. Many people also suffer the same faith as yours, some were lucky enough to hold for one reason or the other.
The sad part is, those GPUs will cost twice or more than what you bought them for back in those days, and mining is not as profitable as it use to be, buying btc even at this current price is quite high, 15 btc now is a lot of money. I can feel your frustration.

I think you are saying that the moral of this story is to borrow money and not sell your crypto possessions because they might make you rich in the future but the problem is that we don't know what the future holds and for some, the present time is still much more important so what you did there is not really wrong. Plus, borrowing money imo is not really a good idea especially if you know that you still have something.

You don't have anything left but at least you aren't stuck in debts which could give your more stress. More important is that don't compare yourself to other people because you will only feel miserable if you do. Just think about that god might have a better plan for you.

Historically, I have attempted to use some kind of an example of a budget that would use round numbers.  Of course, if you are not brand new to bitcoin, then the example will NOT apply exactly in the same way, but you can still get the idea from it.  

So let's say that Hypothetical 1 (bitcoin newbie) wants to project his/her BTC buying budget over 6 months, so s/he projects his spare cash and how much cash that s/he has coming in, and s/he finds that s/he has $3k in cash available and has about $500 per month coming in, so the total available for the 6 months is $6k.  If the person is a newbie, s/he may well want to divide the $6k into three parts.  The first part $2k is to buy BTC right way, and the remainder of the $4k would be divided between DCA and buying on dips.  The DCA portion is $2k, so it is divided by 26, and it would amount to about $77 per week, and the strategizing for the remainder portion ($2k in this example) might have to do with trying to figure out how far down on that you want to structure buy orders  what kinds of increments and how much per increment.  If you were to buy $200 per increment, then you could create 10 buy orders - Maybe  $500 apart, between $19,500 ish and $14,500-ish.  Of course, you can choose whatever increments that you want if you want the buy orders to go down to a lower price or if you want to spend your whole stash by $18k because you believe that the BTC price is not going to go lower than that.

Since you established your expected budget, you can also have a system for dealing with any new money that might come in during that six months that was not expected, and you can divide any such new money in terms of buying on dips, lump sum buying or plugging it into your DCA amounts.


Going through the whole process is not necessarily easy, and it sometimes can feel as if you are not making any progress.. and for sure there are no guarantees that you are going to come out ahead in the long term - even though bitcoin still seems to be amongst the best of asymmetric upside bets that is available to normies to be able to invest whatever amount of value is reasonable and prudent (and still sufficiently aggressive for your own circumstances).  You do not want to end up in a position in which you overly spend your dollars and then you have an emergency and you have to cash out some or all of your BTC at a time that is anything other than your complete choosing, and that is perhaps part of the reason that you should want to set a sufficiently long timeline into the future  such as 4-10 years or more and just keep building through that whole time with a kind of potential confidence that you are making a reasonable investment.. . and sure at the same time you can continue to study bitcoin and monitor bitcoin and attempt to figure out if its investment thesis is getting undermined during that time or not.  We have frequently seen bitcoin have negative price performance, while at the same time bitcoin's investment thesis is continuing to get stronger...even though at the same time there are a lot of negative comments about it and whining and all kinds of bullshit to attempt to trick the BTC accumulators out of their coins and out of their long term strategies to accumulate BTC with prudent and personally tailored approach.

So you should not be investing $100 per week if it may well be much safer for you to do $10 per week or maybe even some amount in the middle.. such as $30 or $65 or $77.. you gotta find an amount that is not going to overly stress you but at the same time give you enough of a regular purchasing amount that you feel that you are making progress and you are not being too whimpy in your approach in that you will feel regretful about it later.

I am not saying it is easy to figure it out, and I am not saying that it is easy to ongoingly tweak without overly thinking the matter, but it is also likely that the longer that you practice, even with smaller amounts, you will better get to know the proper balance amount and you can increase the amounts as you get more and more used to making the various adjustments in your budget, whether it is cash coming in or monitoring your regular expenses.


Yes.. you can post questions, comments or other input in that thread too.  I sometimes get a bit wordy in my responses, and then sometimes I am working on some other ideas too... or maybe some of the BTC price predictions that are within that thread are older so they might not be exactly correct for now, but such price prediction outlines were made at certain times and I attempt to assign probabilities that are based on what is going on in bitcoin at the time that I made the posts.. so for example, if I am talking about BTC price dynamics I might ONLY focus on one price direction at a time, depending on what is happening.. even though for sure, my personal BTC portfolio (and perhaps other investments) is always attempting to be structured to prepare for either price direction in regards to my main focuses on the BTC/USD pair... and even extreme price movements that might happen in BTC.. which surely we do get those extreme price movements in Bitcoin on a seemingly regular basis (it is almost one of the things in bitcoin most guaranteed.. volatility .. but not always clear about which direction or how far in one price direction or another).


You can self teach yourself to design whatever price projections that you like, and Excel can be very powerful for more complex projections and also can be used for more basic projections too.. so yeah, you can keep older copies as well, or even link your various work sheets, too.

There are so many people like you out there, because in the past, searching for Bitcoins was very easy and there were many free sites to get Bitcoins. many people think that Bitcoin does not have a good future and will not develop, therefore many people throw away Bitcoin by selling it or buying an item using Bitcoin. So the point is don't be too sorry, just think of this as a very valuable lesson and experience to be taught to the next generation so that they can appreciate an item or anything so that it is not wasted and must be protected, who knows in the future it will become more valuable.

Actually I want to balanced it like that not all money has to buy dips but with DCA at the same time I want to do that and do it full time so that my expenses are balanced by determining two directions of concurrent investment between dips and DCA.
Maybe I should reset how this can be run at the same time because I want both to run maybe the expenses can be tried to be as regular as possible.

The calculation is quite reasonable for me because after I tried it with the calculator there is indeed a good thing for this DCA, as you suggest $10 as a small value and added with an aggressive attitude with an additional 5x or 10x additional capital every week then the amount will be big for a certain period, then with this DCA for a few years I will get a few more BTC, wow this is really what I want, but everything of course takes struggle right?
If DCA is in the way by me then I have to be strong.

I will study this thread, and read in more detail, it is very interesting for me to read and explore the outline of bitcoin investment.

To make it easier for me if I project in an Excel Spreadsheet so anything I track in the future is pretty straightforward, so these notes are important for whatever scenario I run.
If there is no Excel, I may not know the results and expenses and income so far, so I will also definitely get a definite direction in every purchase of his records.
Not only I may many people take notes in Excel.

Of course lump sum is going to do better if the price goes up and does not go back down, and it will also do better if you have some kind of idea that the price is going to go down, but I would wager that an overwhelming majority of us really do not know, and after the fact sometimes we might end up kicking ourselves as if we "should have known" but the fact of the matter is that we really cannot know BTC price direction with any meaningful degree of certainty.

So, even if you were to take portfolios of people who are trying to time the price versus those who DCA, you are likely going to get better performance with the DCA.. and even if you believe that you can beat a regular DCA approach, you have to account for your time too.. and in that regard, sure you might consider that it is fun to practice figuring out the BTC price movement in order to time the dips, if any, but you can still play around with attempting to buy the dips while DCAing at the same time... You would just not be using your whole budget for buying dips, merely a fraction of your budget would be used for buying dips.. and you can determine how much of a fraction you would like that to be - even if you appreciate that maybe it is better to not be wasting too much of your time and just make yourself buy regularly. .and maybe hold back on over stragetizing and/or over thinking the matter..


Well, if we consider that you could have employed a DCA strategy throughout that time, and even invested a relatively small amount of $10 per week for the past 8 years which would have added up to about $4,180 invested, and would have gotten you nearly 4 BTC, and of course, if you had been able to take a bit more of an aggressive stance, then you could have invested 10x that amount at $100 per week and you would have invested $41,800 and would have gotten about 40 BTC during that same time.  So DCA can be very powerful, even with relatively modest amounts invested on an ongoing and regular basis.



For sure, Excel can be used in very powerful ways to keep track and also to attempt to project various future scenarios including attempting to plan various strategies that might work decently well and to account for various alternative scenarios and to figure out if the strategy might need to be tweaked at certain time points if it can be determined that one scenario direction might be playing out versus another scenario direction.. and you can surely also get something directionally correct, but then not really be sure about the time frame for it to play out or the magnitude in which it might play out within certain time parameters that you have highlighted for yourself.

I have a thread in which I had gone over various kinds of timeline scenarios, and of course, my frameworks do not comprehend all possibilities, but it fleshes out some of the techniques that I attempt to employ and shows some of my ways of thinking about long term investing in bitcoin.


For sure there are a variety of ways to attempt to play the BTC price moves, even when they go against your expectations, which could merely be having some extra cash available to buy more, of if you have run out of cash then maybe to wait out the correction period as you suggested, and surely some of us who have some cashflow might still be able to benefit from BTC price corrections that go beyond our expectations because maybe ever two weeks or so we are able to get more money and be able to buy more BTC with a portion of our pay that we may have allocated for such buying of BTC purposes.

I just shorted bitcoin. Only joking. But maybe who knows.......

Yes it was an adjustment I bought when it dip some time ago and until now still doing it will still I want more to save BTC in any way including the DCA strategy, maybe I have known for a long time about this but I don't feel how this can be done accumulated with my finances but if I have agreed to it, it means that I am ready in the sense that the DCA strategy is carried out and buying Dips is still valid for my investment then this is a little impressive, isn't it? Regarding my finances, of course there are adjustments in the sense that I have to be able to do this and try it.

I've been on this forum for a long time, but I haven't been active for several years for personal reasons, while investing in bitcoin I never forget and I do it every time I have money.
My portfolio is still holding up despite being inactive here.

Notes in Excel spreadsheets are important, when I start investing in bitcoin I always record it there, for example I bought bitcoin at a price of $24,655 on Sunday so I never go through this because it is important to know the money invested every month and can accumulate the average value of his purchases to make it easier.
But the record is still lacking in 1 year but I still keep it.

For this I am also the same when I buy high suddenly the price drops I don't feel panic anymore I tend to be more persistent and don't see the market or any news but I always see history that bitcoin can rise again.
Psychologically it is important for adjustment to realize that we can get through when the period of increase comes, here I only see when the price goes down that I return to the market again.

In traditional markets a longterm depression is forecast. Commodities though will show resilience. I am not emotionally attached to any asset. Just highlighting we can all have big eff ups but opportunity will be there. I hope you all do well.

LTC on Gox! Remember that one 

Don't be confused.

Don't use vague and amorphous terms.

If you are talking about bitcoin, then use the word bitcoin.

If you are talking about something else, then use the appropriate word and/or the appropriate descriptors.

Crypto is a vague and amorphous term in which frequently readers are not going to know what the fuck you are talking about and perhaps even suspect that you do not know what the fuck you are talking about because you fail/refuse to specify in regards to what topic you are wanting to speak.

By the way, when we talk about bitcoin, are we talking about cryptography? or are we talking about something else?  I don't understand why you would want to continue to use a term (such as crypto to amorphously talk about a topic) that you believe is descriptive, when it is actually misleading in the context that you are using it, and then you want to suggest that there is some kind of profound reason for using that vague-ass dumb term.

Another thing that you may or may not have noticed is that a whole hell of a lot of shitcoins, including but not limited to the shitcoin of shitcoins, aka ethereum, put out dumb talking points in which they try to suggest that they are somehow similar to bitcoin but just of another variation and blah blah blah nonsense that seems to purposefully confuse people in terms of what is being discussed and distracts folks from sufficiently/adequately understanding what is bitcoin.  Are you one of those folks who want to purposefully confuse folks?  and maybe to pump some nonsense like ethereum as if it were some kind of similar product.. blah blah blah.. even governments and financial institutions seem to love the fuck out of ethereum and they usually will speak in vague-ass nonsense terms and even fail refuse (maybe they are afraid) to use the actual word bitcoin... and maybe they fail/refuse to use the term bitcoin because they have hardly any clue about what bitcoin actually is.. are you one of those folks?


Fuck eth.

Of course, you are equating bitcoin and eth based on liquidity, and sure liquidity is part of the package for sure, and maybe even more important for short term analysis.... .. but whatever, do what you like.  That's your choice.


Yes.. there was a spam attack on the bitcoin network that lasted about two months.. maybe even a bit longer that was pretty much all of December 2017 and all of January 2018.. There's more going on in bitcoin rather than merely a period of time in which there were high fees, and there is also fluctuation in bitcoin fees, too.. but a lot disingenuine BIG blocker nutjobs (bitcoin naysayers, deluded twats and other shitcoin pumpers) like to bring up that period of Bitcoin high fees as if it was reflective of bitcoin - even though it is reflective of a period and a kind of battle that was going on in the space at that time... and a battle that largely did not stop completely (especially since the information is still used by the butt hurt twats.. because largely bitcoin won that battle, even though the butt hurt twats like to continue to bring it up as if it were a negative and representative bitcoin attribute).

i sent a lot of btc once to someone and the network wanted extortionate fees - i just put standard fee - it took 30 days to confirm. that was back in around 2017 at xmas. by the time the chap got my transfer the coin was worth 30% less at least. bummer hey.

Yeah stick with high liquidity is safest so bitcoin and eth. Got my eye on one new ICO though.