Topic: The life of a late adopter - page 3. (Read 3142 times)
Count me in as a late adopter douchebag BTC holder, as I got into this late 2013.
Hey, it sucks, what can I tell you. Waiting for something to go up "never" is the absolute worst.
That said, I'm more hopeful than other late adopter douchebag HODLERs, as I like what I'm hearing and seeing with each passing month and year.
Price wise, we're in the shitter, but the longer Bitcoin sticks around, the more legitimate it becomes.
I'm going to HODL until zero pretty much. I'm already pot committed in this.
Hey, it sucks, what can I tell you. Waiting for something to go up "never" is the absolute worst.
That said, I'm more hopeful than other late adopter douchebag HODLERs, as I like what I'm hearing and seeing with each passing month and year.
Price wise, we're in the shitter, but the longer Bitcoin sticks around, the more legitimate it becomes.
I'm going to HODL until zero pretty much. I'm already pot committed in this.
Nice story,but it has 1 mistake in it.
You're a early adopter.
You're a early adopter.
So if you have not reached this stage yet of realization, stop buying and get out while you can. or you will suffer the same fate. Early adopters don't care abotu price, they took profit and all there btc now is just icing on the cake, manipulators don't care as they are making tons of money, it is the average douchebag late adopter like me that has born the consequences of bitcoin.
You are just viewing this off the back of a bad year for the price, what im doing is buying small amounts as the price goes down. Did you ever determine an exit price? i have and its in the many thousands, if it doesnt hit i'd rather just let it hit zero. Work on other sources of income and its no problem.
Bitcoin is not a get rich quick scheme.
It is an experimental, peer to peer, electronic cash system.
It is an experimental, peer to peer, electronic cash system.
The experiment has claimed another victim.
I think your first mistake is assuming that a "respectable value" is whatever price you paid for them.
Your second mistake is to assume that just because the price is falling that BTC no longer has the same fundamental value it provided as a currency, store of value, and exchange system as it did when it was $800 per coin.
My advice is 1) ask yourself if Bitcoin has lost it's fundamental purpose (and value of that purpose) since you first got in? If you say yes, sell. If you say no, ask yourself what other productive use you have for the money - can you invest it somewhere else and get better safety and better return? If you say yes, sell. If you say no, dollar (err bitcoin) cost average and buy more at 25% what you paid at the top.
It's that simple. What's the fundamental value of the thing you're buying. And is there a better use for your money?
Good luck!
Your second mistake is to assume that just because the price is falling that BTC no longer has the same fundamental value it provided as a currency, store of value, and exchange system as it did when it was $800 per coin.
My advice is 1) ask yourself if Bitcoin has lost it's fundamental purpose (and value of that purpose) since you first got in? If you say yes, sell. If you say no, ask yourself what other productive use you have for the money - can you invest it somewhere else and get better safety and better return? If you say yes, sell. If you say no, dollar (err bitcoin) cost average and buy more at 25% what you paid at the top.
It's that simple. What's the fundamental value of the thing you're buying. And is there a better use for your money?
Good luck!
It does not have the same fundamental value as a store of curreny as when it was $800 a coin. The money I put into bitcoin at $800 is now worth $200 a btc, the same $800 I put in a safety deposit box is, guess what still $800 despite all the magical inflation, the worst performing stock I have ever chose has never even come close to losing 75 percent of its value. Hell if I used half the money I put into btc as toilet paper, i'd be ahead and up however much money I spend a year on toilet paper.
Anyways I have decided to put myself and everyone else out of my misery and am going to go back to the time tested failure of holding coins and being delusional. No more trading, no more paying attention, no more forum, no more news, I am just going to stick my head up my ass and pretend I don't even own bitcoins. Until one day they are worth the magical $10000 we are supposed to be at at this point and then I will retire, laugh, and spend all my days trolling altcoin forums.
My quote replies got fucked up.
I think your first mistake is assuming that a "respectable value" is whatever price you paid for them.
Your second mistake is to assume that just because the price is falling that BTC no longer has the same fundamental value it provided as a currency, store of value, and exchange system as it did when it was $800 per coin.
My advice is 1) ask yourself if Bitcoin has lost it's fundamental purpose (and value of that purpose) since you first got in? If you say yes, sell. If you say no, ask yourself what other productive use you have for the money - can you invest it somewhere else and get better safety and better return? If you say yes, sell. If you say no, dollar (err bitcoin) cost average and buy more at 25% what you paid at the top.
It's that simple. What's the fundamental value of the thing you're buying. And is there a better use for your money?
Good luck!
Your second mistake is to assume that just because the price is falling that BTC no longer has the same fundamental value it provided as a currency, store of value, and exchange system as it did when it was $800 per coin.
My advice is 1) ask yourself if Bitcoin has lost it's fundamental purpose (and value of that purpose) since you first got in? If you say yes, sell. If you say no, ask yourself what other productive use you have for the money - can you invest it somewhere else and get better safety and better return? If you say yes, sell. If you say no, dollar (err bitcoin) cost average and buy more at 25% what you paid at the top.
It's that simple. What's the fundamental value of the thing you're buying. And is there a better use for your money?
Good luck!
Recently I have been agitated as hell that btc has never come close to showing signs of return to a respectable value, so I figured wtf I'll try trading, and while in the past two weeks I am doing well overall in my trading, It would take me months of this to recoup my losses, and I cannot watch charts and shit all fucking day.
Do you even need to 'watch charts' to be a trader. All they do is buy low sell high so just put your coins on an exchange and put some sell/buy orders in and let the bots to the trading for you. You can make a little money on the side and it doesn't need to be a full time career.
you should invest your time to read & learn more about BTC , network effects, history of money.
iam pretty sure you would change your mind.
[you are not a late adopter]
iam pretty sure you would change your mind.
[you are not a late adopter]
That being said, you may only be a late adopter compared to people who invested in 2010. Take a look at 2011 and 2012... I bet a lot of people were really mad for not investing back then. Thing is: It was impossible to forecast that Bitcoin would go up that much in 2013. I agree, it's thin line between delusion and perseverance, but sometimes the latter pays off!
Before you read this feel free to look at my trust and realize, there were several times where I could have taken people's money who did not use escrow and did not.
Also when you check my join date I did not use this account originally, nor did I join as soon as I started with bitcoin.
I purchased my first 5 btc during the China fud dump and sold them a week later for a little over $500 profit (obviously if I would have held them longer I'd have made more money, but $500 to me back then was a lot of money as I did not have a real job.
Then I started building scrypt rigs and compounding all my btc thinking wow this great, I am making so much money from dogecoin.
Then another China fud dump happened, I bought 5 btc at $800, it rebounded but only to $820 and I did not sell thinking hey, btc was $1000 before this, has to go back.
To speed this up, then gox crash, bought more btc thinking it would rebound, then alt coin crash, more btc crashes, more china fud, each time buying more btc thinking hey we will rebound.
Somewhere in that time frame I purchased ant miners to go along with my gpu rigs and while they mined the btc they produced and then I sold them and kept that btc as well, the btc has not been worth the same again.
Then came the darkcoin pump and dump, originally I thought it saved me as it increased my stash, but again, I held thinking of a better tomorrow for btc.
Finally I started a boring ass career, but one that makes a pretty large amount of money (not to brag) and I was like, ehh fuck btc I don't have time for this. I would check in and see it go down, each time buying one here, three there, and telling myself, this is awesome btc will make me profits and I will be able to hide my money there from banks and the tax man (yes, I am paranoid and greedy.)
Recently I have been agitated as hell that btc has never come close to showing signs of return to a respectable value, so I figured wtf I'll try trading, and while in the past two weeks I am doing well overall in my trading, It would take me months of this to recoup my losses, and I cannot watch charts and shit all fucking day.
So now like every late adopter who didn't sell, and contiued to fall for the "btc to the moon," "btc cannot go lower," "wallstreet and big money,"(you know something btc core is supposed to be against) I am here with an embarrassing stash of btc, and yet I cannot bring myself to dump them because like any abusive relationship, btc and all the other delusional bitcoin holders just keep beating me up and promising me more.
So if you have not reached this stage yet of realization, stop buying and get out while you can. or you will suffer the same fate. Early adopters don't care abotu price, they took profit and all there btc now is just icing on the cake, manipulators don't care as they are making tons of money, it is the average douchebag late adopter like me that has born the consequences of bitcoin.
Also when you check my join date I did not use this account originally, nor did I join as soon as I started with bitcoin.
I purchased my first 5 btc during the China fud dump and sold them a week later for a little over $500 profit (obviously if I would have held them longer I'd have made more money, but $500 to me back then was a lot of money as I did not have a real job.
Then I started building scrypt rigs and compounding all my btc thinking wow this great, I am making so much money from dogecoin.
Then another China fud dump happened, I bought 5 btc at $800, it rebounded but only to $820 and I did not sell thinking hey, btc was $1000 before this, has to go back.
To speed this up, then gox crash, bought more btc thinking it would rebound, then alt coin crash, more btc crashes, more china fud, each time buying more btc thinking hey we will rebound.
Somewhere in that time frame I purchased ant miners to go along with my gpu rigs and while they mined the btc they produced and then I sold them and kept that btc as well, the btc has not been worth the same again.
Then came the darkcoin pump and dump, originally I thought it saved me as it increased my stash, but again, I held thinking of a better tomorrow for btc.
Finally I started a boring ass career, but one that makes a pretty large amount of money (not to brag) and I was like, ehh fuck btc I don't have time for this. I would check in and see it go down, each time buying one here, three there, and telling myself, this is awesome btc will make me profits and I will be able to hide my money there from banks and the tax man (yes, I am paranoid and greedy.)
Recently I have been agitated as hell that btc has never come close to showing signs of return to a respectable value, so I figured wtf I'll try trading, and while in the past two weeks I am doing well overall in my trading, It would take me months of this to recoup my losses, and I cannot watch charts and shit all fucking day.
So now like every late adopter who didn't sell, and contiued to fall for the "btc to the moon," "btc cannot go lower," "wallstreet and big money,"(you know something btc core is supposed to be against) I am here with an embarrassing stash of btc, and yet I cannot bring myself to dump them because like any abusive relationship, btc and all the other delusional bitcoin holders just keep beating me up and promising me more.
So if you have not reached this stage yet of realization, stop buying and get out while you can. or you will suffer the same fate. Early adopters don't care abotu price, they took profit and all there btc now is just icing on the cake, manipulators don't care as they are making tons of money, it is the average douchebag late adopter like me that has born the consequences of bitcoin.
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