Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Most of the traders are too emotional to make real profit. The only way to prevent the bankruptcy is to learn to hodl. The usual scenario is like this:
1. Buy Bitcoin.
[...]
14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
1. Buy Bitcoin.
[...]
14. Oh, no bitcoin is down 10% again. Go to step 2. Rinse and repeat.
Balance at the end of the year:0
So much. So many people approaching me asking about altcoins ("it's rising so fast and much better because x,y,z bla") just to come back to me a week later telling me that they bought back into BTC.
I've got a different dilemma. I started out all BTC. Then I added 10% LTC which promptly fell to less than 1% during the 2014-2016 drought. So pitiful I couldn't even be bothered to sell. Then holy shit the chikun arose and now miraculously makes up 20% of my stash!
Meanwhile, during the clone wars, airdrops and forks started appearing left and right... Lumens, Byteball, Bitcore, BeeeeeCash, BitGold, popping up like arcade games bonuses, pew pew! I ditched all the shitforks, but the shitalts I diversified just for giggles, representing less than 1% of my stash.
But now these shitalts are worth like 5% of my stash and growing. Together with LTC, we're talking 25% of my stash!
Every time I think, ok NOW is the time to convert to BTC, the pile of shit keeps just keeps growing! I've got total decision paralysis over this. Sell the shit, keep the shit, sell the shit, keep the shit?!? Meanwhile, the pile of shit has become sentient and starting to talk back to me and has even possessed Brian Kelly, who's screaming buy the shit, buy the shit!!! Holy mother, who's next, Jim Cramer? Booyah!
