Quote from: Searing on June 25, 2018, 02:39:06 AM

here is what would happen if I left crypto...it is how I roll...I always 'assume' I will sell or buy at the wrong time....so...assuming I crack up and ...

yeah... I can see me panic selling BTC like a 12-year-old child...taking 25% hit say (15% cap gains and 10% state)...then putting it into the stock market and recession

a normal recession is 20% loss...thus now down 45%....but with Trump in office and the long time since last recession....call it 40% correction. Say recession takes

the usual 7 years to come back.....and in that time...I'm watching Crypto and/or Gold going at LEAST sideways if not ups...

so I hodl..worse case..I blow all my crypto at 1K or less BTC and still stay retired till 65 years (and start living off traditional investments 1 year early and have medicare already)

so ...people can beat me up on my $5,131.80 KNC Jupiter BTC miner from 2013...where all this came from, and me not selling at the right time...I can at least state

that and retired 3 years early...certainly nothing I ever expected getting that unit in 2013...and I will call it a win in my mind....if nothing else.

but damn, a 40% deep recession (likely IMHO) and 25% tax hit and be 65% down in fiat...if such happened with stocks/Edward Jones...THEN watch

crypto go sideways or up ...say like gold...naw....best to just ride it in the ground.....better story anyway, when they stick me in the nursing home someday...the currency

of nursing homes is 'stories' ....chump or champ..this was a doozy

(sorry to expose everyone to my convoluted logic)

So anyway..in HODL mode...riding it down...my current 'theory' is EVERYTHING IS A FRIGGING BUBBLE and BTC is just the first crack in the ice....thus my logic on this....warped

thou it may be!

brad

I know crypto price right now was very low compared last year but it is not the reason for me to give up investing crypto. There are lots of chances especially time for it to boom again. As we invest crypto, we should always consider its characteristics; fragile, moody, nomads and other bad characteristics. It depends on how we played on it, we just always be sure to attain good quality interms of earning. Leaving for me in crypto was so very far to do yet I will just wait for the time it will rose again, and I know for sure that time is already fast approaching.