Quote from: JayJuanGee on Today at 02:00:41 AM

Quote from: TheNineClub on August 24, 2022, 10:44:47 AM

Quote from: Brandon on May 06, 2021, 03:24:42 AM

Hello everyone, today i want to tell you about my crypto-depression.

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I would say that your crypto savings did what they were intendend, and that's not geting rich but helping you in a tight situation when you had no job and neded to pay madical bills. That's way better than borowing money, so don't beat yourself up.

You might be correct TheNineClub in regards to OP being in a situation in which he had no other funds upon which to draw; however, I have my doubts - and largely OP failed/refused to appreciate what bitcoin was and he largely panic sold at the bottom of the market. Of course, in October/November 2015, there was a bit of a surge in the BTC price, so it is likely that OP did not sell at the absolute bottom of that particular correction period.

Drawing from bitcoin should be the last of the investments to draw upon.. - especially when bitcoin is dipping which was largely was the case in 2015 at the time that OP sold.. so anyone creating an investment in bitcoin should be drawing upon other sources of funds first and even creating an emergency fund, too so that they do not have to draw upon bitcoin at any time other than their own choosing, and of course, if there is life and death emergency than yeah sure.. .. but OPs failure in regards to bitcoin goes much beyond an emergency situation and instead was a result of his loss of faith in bitcoin (if he had ever had any faith in it?)

Quote from: salad daging on August 24, 2022, 11:59:16 AM

Quote from: JayJuanGee on August 24, 2022, 10:27:22 AM

Quote from: zurc on August 24, 2022, 10:03:55 AM

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

For me, it is a pity if there are no coins that are owned now for the future, this must be needed because there are many goals that must be achieved, regardless of how many bitcoins we have, we must be able to store them for the long term Invest long term in any way.

I think $100 per week is very hard for our people especially not having a high salary we do as little as possible as long as we can save it every week, isn't that a good suggestion from you? I always follow whatever advice is most important I understand and can do it.

For sure, I do not want to mislead anyone into investing in a way that is either beyond their budget or causing them to have to struggle or to become too worried about the amount that they are regularly investing into bitcoin... so the amount that is chosen should be sufficiently low that you are not going to miss it, but sufficiently aggressive that it makes a difference.. If the first issue regarding being comfortable is not satisfied, then you should not be moving to the next issue regarding aggressiveness.

For most of my time in bitcoin from late 2013 until early 2020, I would suggest pretty much the same thing to people, which was get the fuck started with something like $10 per week... and figure out your target allocation between 1% and 10% of your total quasi-liquid investment portfolio into bitcoin, and if you are whimpy aim for the lower amount of something like 1% and if you are more aggressive aim for 10%, and I would expect that while anyone is investing into bitcoin for 1 or 2 years or even more, they should be striving to study their own situation in order to really tailor their approach to bitcoin to their own circumstances - and I would not even expect anyone to just jump into bitcoin and have it figured out right away.. but after a decent amount of time in bitcoin they should have more and more time and opportunties to figure out their own situation and to tailorize their approach to themselves.

Since after March 2020, I have changed my recommendation and started to recommend that people aim for 1% to 25% of their quasi-liquid investment portfolio into bitcoin, and I have also started to recommend starting out with $100 per month rather than $10 per month, and I am kind of presuming a western salary or at least some kind of decent income and if you look at $100 per week, a lot of regular income folks in the west and even other locations can afford that.. .. yet don't get me wrong.. I am not unsympathetic that in some places around the world, $100 per week might be the whole salary or even more than what is earned, so I am currently just throwing out both ideas when communicating on the forum with the idea that guys have to figure out their own cashflows to figure out how to be sufficiently aggressive in their BTC allocation without being too aggressive...

For sure, some newbie to bitcoin guys get nervous that DCA is not enough, and they need to hold some in reserve for buying on dips, and surely I have no problem with that, which might mean that the guy who is DCAing $100 per week. needs to cut back and hold some of that for buying on dips... so in that regard, I still consider DCA to be more important than buying on dips, but each of us who is in BTC accumulation stages need to be careful that we attempt to reach a balance that is comfortable for us in terms of both keeping the DCA going and also having some dry powder if the BTC price dips if we believe that might make us feel better to supplement our DCA by buying on dips... and if you do not have enough money to do both, I would surely recommend DCA over buying on dips.. but of course, that also depends on how much BTC that you have already accumulated.. If you have a decently large BTC stash, then you might end up favoring buying on dips over DCA... so in that regard, each person has to assess his/her comfortable balance in regards to whether to split, and which one to emphasize.

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

Quote from: JayJuanGee on August 24, 2022, 09:44:14 AM

[edited out]

My friend you are a btc fanboy obviously and got hurt feelings.

I am not sure how you arrived at both of those conclusions from my response to your post... but yeah, BTC fanboy.. sure.. even though that sounds like a bit of a derogatory, but yes I am a pretty decently sized fan of bitcoin... not a fanatic, though.. .hahahahaha

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

I am not emotional but thanks for yours.

I am glad that you are not emotional.. so maybe we share something? maybe?

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

Any decent asset you hold for 20 years is likely to go up in price.

Well if you define a decent asset by its having had gone up, then sure definitionally you are correct...

But don't make the mistake of considering bitcoin to be any run of the mill asset because it is quite unique, if you had not noticed.

Apparently, you had not noticed that bitcoin is a unique asset, otherwise you would NOT be attempting to lamedly argue with me on this point.

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

I did not get into too much detail was just trying to tell the guy who posted we all have had our issues.

We are in a public thread, so anyone can chime in, and like I mentioned in my previous post, your post brought up a lot of ideas that seemed worthy of further elaborations.

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

And correct I sold my Gox claim.

That's too bad, but I presumed correctly.. so that's good.

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

And trade for an investment company -

I was not trying to suggest that you don't have any financial experiences, yet even you likely know that there are all kinds of perspectives and approaches in regards to how any investment company or their employees or agents might approach investments.. some investment companies are more correct than others.

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

and no I dont believe anyones hype or cult following of crypto.

I mostly try to avoid talking about crypto.. I prefer to focus on bitcoin, but sure sometimes folks will drag conversations into non-bitcoin areas.. and if you are wanting to lump bitcoin and crypto together and to suggest that someone like me is merely propagating hype and cult-like ideas, then you likely do not really understand and/or appreciate the differences between bitcoin and crypto, surely to me it seems that folks who are able to understand and appreciate the difference are going to be much better off in terms of recognizing and appreciating what is going on in the space.. however, sure I know that there are a lot of crazy-ass ideas out there too, and it likely is going to take a decent amount of time for larger segments of the population to really be understanding and appreciating the value proposition of bitcoin as compared with the various other aspects of the space that might be considered as "crypto", and actually I am not even going to proclaim that you are technically wrong to lump them all together, but there are a lot of folks who don't understand what the fuck is going on because they think they know what bitcoin is and they just lump it into some vague-ass category and fail/refuse to see and appreciate bitcoin's value proposition for what it is, including actual factual happenings and empirical evidence.. rather than merely "hype" as you are asserting.

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

Unlike yourself - cant even spell holding.

I will admit there is some humor in that lil trivial dig. Cheesy

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

Markets have cycles. Its up to you how you play it.

Sure. Bitcoiners have also done well who have long term invested into bitcoin, and there can be various ways that they might be able to supplement a buy and HODL (sic) strategy by selling on the way up and buying on the way down.. but people also tend to get carried away.. so frequently, trading is difficult to play for a lot of people, even though I agree with you that there can be ways to play it that might not devolve into a worse than employing some kind of a Dollar Cost Averaging (DCA) stragegy.

Quote from: goldrushed2 on August 24, 2022, 01:11:07 PM

Thanks for your essay.

No problem. It seems that we are here to interact on various topics... so sure it is better if I am not imposing my ideas on anyone.. but it will also be good if we might address some of the faulty ideas too, including but not limited to my own.. if any. Cheesy

Quote from: goldrushed2 on Today at 01:20:40 AM

Still money to be made in bitcoin and ethereum going forward.

Don't fuck around with ethereum.. it's the shitcoin of shitcoins, and its investment thesis is largely just to facilitate the flourishing of other shitcoins (ponzi schemes and other complicated matters claiming to be innovative.. and really a Rube Goldberg machine if you really consider the matter).

Of course, you can get in and out of that crap, but it is not a long term investment.. that's for sure.

Quote from: goldrushed2 on Today at 01:20:40 AM

At a young age who knew you have to hold for ten years? We all learn a lot.

Regarding bitcoin, you do not necessarily have to hold for 10 yers or longer, but surely so far the history has shown those who invest longer periods are generally better off, including if they had not sold too many too soon.. so at least holding onto a decent amount of their stash through the UPs and DOWNs of the market has proven to be a pretty decent strategy in bitcoin so far, and there is no real evidence that bitcoin is getting any worse as an investment. In fact bitcoin's investment thesis is likely getting better with the passage of time (Lindy effect), and even if there is not as much UPside potential, the downside potential is also progressing towards less riskiness too... which is one of the reasons why a lot of folks consider bitcoin to be the best of UPside asymmetric bets of a lifetime. .and especially open to everyone and anyone.. unlike some investments of the past that were not really available to normies.. including that people can buy really small amounts of bitcoin, including less than $1 at a time.. although many exchanges are increasing their limits to $5 or $10 at a time.. but we do have lightning network too that allows for very small (micro) transactions, even though we will need to concede that some of the user-friendliness can be a bit confusing for less sophisticated (or less technologically endowed) players.

You are not Michael Saylor are you?