Quote from: mindrust on March 25, 2020, 04:48:09 PM

Quote from: LFC_Bitcoin on March 25, 2020, 04:44:40 PM

Quote from: mindrust on March 25, 2020, 04:38:01 PM

Shit man It sucks to be a nocoiner.

I reverted back to where I was 3 years ago. >:[

Right after I started to break my rules I went complete shit with my decisions. Fuck. Starting again.

Hopefully I'll be smarter this time.

Few months ago I was so damn sure that I could ride this to zero because that was when I wasn't overinvested. Right after I overinvest everything went down. Fuck my luck. It should have gone upwards. Fuck.

Are you going to buy back then?

How many bitcoins can you afford right now?

I can guarantee you the price will at least double from here in the next 12-18 months. Buy back & sell half of that when the price doubles.

I'd rather DCA. 50 bucks week.

That is actually a fair strategy, and if employed and conceptualized all by itself, then that signifies that you have already locked in and given up on the losses that you have already locked in... which seems really weird, but I suppose that even you know that you are doing it.. while at the same time you are still torn about whether you are really locked into such losses.. go figure?

Quote from: mindrust on March 25, 2020, 04:48:09 PM

Not planning to buyback unless it goes back to $4k which is pretty much impossible. If it goes that low again you can be sure that it won't stop there so... DCA is the way. No dip buying, no big buying. 50 bucks week and that's it.

Even if goes below $4k again, I am not willing to risk more than %10 of my cash this time. I was too careless last time especially in the last months.

Sure, of course, you can decide for yourself what works for you and what is a reasonable way to consider the matter. If you sell and then buy back lower, you can consider the matter in terms of making profits, and of course, your average cost per BTC for the ones that you sold is likely all over the place, and a little bit difficult to calculate, but you still, likely, probably have come up with some figures in regards to your cost per BTC.

Quote from: mindrust on March 25, 2020, 04:48:09 PM

Waiting for a double price from here is gambling. I am fucking done with gambling.

I have my doubt that you are done with gambling because you seemed to have had been so fucking head deep into gambling in the way that you were thinking about your position and even the way that you have been thinking about your position in terms of getting out of it, so it remains somewhat weird for you to just assert that you are stopping gambling... when your mindset seems to be still foggy with a kind of gambling...

I surely don't want to become too presumptuous, here, because there are always going to be certain aspects of both your thinking and your situation that I have no real way of knowing, and therefore, you know more than any of us about certain aspects of yourself... including your risk tolerance and even some of your cashflow considerations and abilities to earn more cash and things like that (even if you have disclosed some of those details to us with the passage of time a decent number of posts in regards to these various topics).

In any event, no matter what, in life, we have to employ some gambling, so part of the question just remains regarding how much, and not that we can really completely say no to some level of gambling in order to actually be prudent and wise, we need a certain amount of gambling (even small amounts are going to make us more practical and prudent because a lot of things in life are based upon probability theories and not absolute, but we still have to make decisions based on what kinds of outcomes are more probable and attempt to assign fair values to those.. rather than either pie in the sky values or absolute values).

So even DCA investing into BTC does involve some gambling, including the gamble that in the long run BTC prices are going up.. and/or there will be a time in which you can cash out at a profit or at least a lesser loss of value if the whole investment goes south.