P.S. - Morbid sense of humor, nobody please off yourself, life's way too important. But if you invested 100% of your life savings without hedging, I guess it's an option...
Topic: The bitcoin story for the average joe - page 3. (Read 3962 times)
Step 12. When Bitcoin crashes down to $0, go to Home depot get some quality rope, tie a nice fat noose around your neck, find a nice sturdy chair to kick under you.
P.S. - Morbid sense of humor, nobody please off yourself, life's way too important. But if you invested 100% of your life savings without hedging, I guess it's an option...
P.S. - Morbid sense of humor, nobody please off yourself, life's way too important. But if you invested 100% of your life savings without hedging, I guess it's an option...
Addenda: please be sporting enough to return with your old handle, so we can derive great glee from rubbing your nose in your stupidity later.
Step 1: Panic Sell: Quickly go to your exchange of choice (preferably one located in a country other than your own) and sell all your bitcoin. Don't even risk owning the smallest fraction of a coin. If you really want to commit to quitting, do it right and sell everything.
Step 2: Seek Validation on Your Favorite Bitcoin Forum: It is simply not enough to sell all your bitcoin. To ensure that you later don't have a "change of heart," it is required that you announce your departure. Regular bitcoin users also like to see who is leaving, so it is important for you to tell them. You won't believe how much strangers on the Internet care!
Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".
Step 4: Enjoy the Freedom from Bitcoin Shackles
Step 5: Do something else for awhile. Never pass up an opportunity to ridicule the idea of Bitcoin and those dumb enough to use it.
Step 6: Check back after six months, only to find that Bitcoin isn't dead after all.
Step 7: Check back again, only to find the price has inexplicably risen past your selling price. Complain bitterly, as the price continues rising relentlessly and inexplicably, about how "early adopters" get all the breaks.
Step 8: Buy bitcoin. Buy more bitcoin. Start dreaming of getting rich simply by buying Bitcoin.
Step 9: Put 90% of your net worth into Bitcoin. Make a post to /r/bitcoin about how you're in it for the long haul.
Step 10: Watch in horror as your "investment" drops by 50%, then 60%, then 70%.
Step 11: GOTO Step 1.
Step 2: Seek Validation on Your Favorite Bitcoin Forum: It is simply not enough to sell all your bitcoin. To ensure that you later don't have a "change of heart," it is required that you announce your departure. Regular bitcoin users also like to see who is leaving, so it is important for you to tell them. You won't believe how much strangers on the Internet care!
Step 3: Make Sure You Know Your Talking Points: People leaving bitcoin need to have a reason why. Make sure you have one in your pocket especially during step 2. Please choose one of these: "Price Volatility", "Centralized Mining", "Fixed Supply".
Step 4: Enjoy the Freedom from Bitcoin Shackles
Step 5: Do something else for awhile. Never pass up an opportunity to ridicule the idea of Bitcoin and those dumb enough to use it.
Step 6: Check back after six months, only to find that Bitcoin isn't dead after all.
Step 7: Check back again, only to find the price has inexplicably risen past your selling price. Complain bitterly, as the price continues rising relentlessly and inexplicably, about how "early adopters" get all the breaks.
Step 8: Buy bitcoin. Buy more bitcoin. Start dreaming of getting rich simply by buying Bitcoin.
Step 9: Put 90% of your net worth into Bitcoin. Make a post to /r/bitcoin about how you're in it for the long haul.
Step 10: Watch in horror as your "investment" drops by 50%, then 60%, then 70%.
Step 11: GOTO Step 1.
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