Topic: Were you close to throwing in the towel on bitcoin? - page 5. (Read 791 times)
I have never thought about throwing the towel with the help of Bitcointalk. The best place to get valid information about Bitcoin is this forum. Social media and other news platforms are filled with junk that can lead to FUD. Before now, I used to get information from some so-called crypto analysts. I stopped listening to many of them because their predictions turned out to be baseless guesses. This forum has been my source of motivation, which has made me stick to my plans no matter the magnitude of misinformation flying on the internet.
No one is above having that feeling of wanting to give up, and you will feel like throwing in the towel more when you have no real source of encouragement, either from other friends, the charts, or a forum like this.
It is difficult to operate as an island; that is why, where you have not been able to encourage and keep yourself motivated, you will need others to do it for you.
This is an importance of being deeply rooted in the forum, because motivation and encouragement can be gotten here.
It is difficult to operate as an island; that is why, where you have not been able to encourage and keep yourself motivated, you will need others to do it for you.
This is an importance of being deeply rooted in the forum, because motivation and encouragement can be gotten here.
The long stretches of sideways choppiness seems like it may finally be coming to an end for now and we are seeing a real breakout. The large up and down swings, neverending choppiness and constant FUD can get to you and many were shaken out. I have to admit I was shaken out a few times when I first started buying bitcoin in 2018, but became much better at DCAing and hodling with experience. About half of my portfolio is now in bitcoin, the other half in stock market.
But I did get to the point where I thought if it doesn't make a breakout by end of October or sooner I would start selling, at least some of it. Well I am glad I didn't because I think we may be out of the woods and finally start to see the rewards. Longer periods of consolidation usually translates into greater upside. No pain, no gain! Can't wait for bitcoin options to start trading next year.
But I did get to the point where I thought if it doesn't make a breakout by end of October or sooner I would start selling, at least some of it. Well I am glad I didn't because I think we may be out of the woods and finally start to see the rewards. Longer periods of consolidation usually translates into greater upside. No pain, no gain! Can't wait for bitcoin options to start trading next year.
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