Quote from: mindrust on June 25, 2019, 07:09:04 AM

Quote from: deepcolderwallet on June 25, 2019, 07:00:33 AM

Quote from: JayJuanGee on June 24, 2019, 03:09:15 PM

Quote from: deepcolderwallet on June 24, 2019, 08:25:34 AM

Quote from: noormcs5 on June 23, 2019, 03:26:14 AM

Quote from: Theoak* on June 23, 2019, 01:14:44 AM

Dont ever underestimate the power of greed. Those who bought and are holding at ranges 13-20k had the mindset of selling to recoup or even break even once price reaches those price points again. i have a feeling many of these peoples mindset will revert back to their pre purchase mentality. Hop on board and hodl as the eco system has changed and more belief in btc has come into fruition.

Those who bought in the ranges of 13k and above must have sold their bitcoins in loss. There might be very few people who have such a holding power and a mental strength to hold the coins for over a year and still not panic seeing bitcoin moving down to 3000$.

I have a workmate so stupid he bought at 13k, has been holding all this time and tell everybody he will sell as soon as price is back to what he payed. Everyday he curses me aloud for suggesting him to buy BTC back in 2017, and gets triggered when I ask him why selling for the same price after an year if the odds now are that he can make at least some profit. He became a BTC hater.

Hahahaha

sounds like a dipshit to me, and a bit of a unicorn, at least in the sense that: 1) fails/refuses to take responsibility for his own decision and 2) failed to have (or later create) a plan, other than exiting, for anything other than immediate UP.

He's the average Get Rich Quick loser...

He'll be cursing 10 times more when the price crosses $50k.

I believe we all (ok not all, but let's say many) were that guy at some point. I know I used to be him when I first met bitcoin in 2013. Telling the exact same lines to myself: "I swear I'll leave this thing when I reach my entry price." And I did, for a long time Till the early 2017.

It was a mistake obviously. It was a mistake because he (and I) invested in something we don't know and neither spent enough time to understand it. A common mistake for many.

Now I can hodl more than 40% of my net worth in bitcoin without blinking. Some people here are even more brave and hodl 90%+ though I am not sure how healthy this is.

I know that situations are going to vary, but there are a lot of folks, including myself, that invested in the 10% to 15% of our value into bitcoin, but we only got to really high numbers, such as 90% of our wealth in bitcoin, due to appreciation, not because we initially put that much of a ratio of our money into bitcoin.

Personally, I would not invest more than 15% or 20% depending on circumstances, but I don't have a problem to keep a disproportionately high amount into bitcoin (without feeling compelled to reallocate) so long as the amount in came from BTC appreciation and my other expenses and even a decent life is already covered by my other investments and/or cashflow is already decently set from other assets/resources.