Search content
Sort by
Showing 20 of 31 results by Sombabe
Re: Wife wants half of my cryptos and wants me to sell half of all our holdings now.
Ya we're not divorcing or anything that serious. We just have total different approach to money that we have to both compromise on and work out.
For example
- I'll still a cheap ass and afraid to spend money b/c i rather invest with any left over money I have after a paycheck from work.. I'll still make my own lunch at work and eat a cup of noodle here and there b/c i refuse to pay 15 bucks for a meal
- I consider them numbers on the screen and not money just digital numbers and treat it more like a 401k
-She will consider it as real money that can be life changing and wants to cash out as soon as possible on any small gains.
- She will go to whole foods and buy an 8 dollar asparagus and i'll freak out on the $50 dollar wine bottles that I consider wasteful
-She considers what we both earn as community money therefore any crypto gains or losses is half hers. She's also a lawyer so she's a bit smarter then me but I'm more outside the box creative thinking
So far I"ve been in full control of the cryptos and she feels a bit left out in terms of control of when to take profit. It's a bit unfair to her but I feel she will panic sell and I will bag hodl till it goes to zero on certain coins
Ever since I sold 20 percent of my holdings in todays market things improved between me and her. She felt more relax now and less bossy, We can pay our taxes even if the market tanks more and have some left over. But this required me to off load half of my eth and bitcoin
For example
- I'll still a cheap ass and afraid to spend money b/c i rather invest with any left over money I have after a paycheck from work.. I'll still make my own lunch at work and eat a cup of noodle here and there b/c i refuse to pay 15 bucks for a meal
- I consider them numbers on the screen and not money just digital numbers and treat it more like a 401k
-She will consider it as real money that can be life changing and wants to cash out as soon as possible on any small gains.
- She will go to whole foods and buy an 8 dollar asparagus and i'll freak out on the $50 dollar wine bottles that I consider wasteful
-She considers what we both earn as community money therefore any crypto gains or losses is half hers. She's also a lawyer so she's a bit smarter then me but I'm more outside the box creative thinking
So far I"ve been in full control of the cryptos and she feels a bit left out in terms of control of when to take profit. It's a bit unfair to her but I feel she will panic sell and I will bag hodl till it goes to zero on certain coins
Ever since I sold 20 percent of my holdings in todays market things improved between me and her. She felt more relax now and less bossy, We can pay our taxes even if the market tanks more and have some left over. But this required me to off load half of my eth and bitcoin
So you don't monitor her spending on asparagus and wine, but she monitors your spending in Crypto? Sounds very unequal to me.
If you need to cash out to take care of things like taxes, maybe you were too heavily invested n the first place and that's what has her worried, but she doesn't have a right to declare half of your investment as hers and tell you what to do with it. Your money is your money, at least until she takes you to divorce court.
I'm a woman and I don't get how you guys in countries with unfair divorce laws still marry.
Pet peeve: Divorce laws. Some of these laws need to be changed, if not, young men will stop marrying, get more irresponsible and the next generation will grow up in single parent homes and be totally dependent on the government.
I'm just hodling since the January drop. Stupid me I didn't sell enough of my coins that time. Just wondering what are you guys doing. Still holding or you pulled out your investments in the mean time?
Hold, and invest in more coins you believe in. The bear market may last a couple of months. Nobody knows. But it wont last forever.
Re: Do you support the Use of Bitcoin as a National Currency?
While it is good news for Bitcoin users/hodlers that countries allow the use of Bitcoin as a means of transactions within their border, what will be your position if a country decides to take a step further by using Bitcoin as its national currency?
It would have to stabilize first. There's never going to be that kind of adoption if the pice keeps jumping up and down all over the place because of speculators.
Just took a little jump back to 2010 to look at what people were posting about. It kind of feels a bit sad now to jump back to the future and see every post about bitcoin as an investment. It would be nice to be in a time where people spoke and cared more about how to best progress the agenda rather than how to make a quick buck 
Maybe after the inevitable big crash comes and the price stabilizes, who knows
Maybe after the inevitable big crash comes and the price stabilizes, who knows I've been going back to read the old posts from back in the day too. Sometimes I get a chuckle from people posting in 2010 calling themselves 'noobs.' Lol. It's an entirely different community now but I guess that's what happens when people see lots of money to be made...and we're all guilty. I guess.. It's so difficult to sift through all the pasts about money and really learn something valuable.
Isn't short-term investing, speculation and daytrading all bad for Bitcoin in the long run? Is it possible to reach a future where Bitcoin is stable and adopted as a currency when everybody just wants to buy low and sell high, rinse and repeat and make quick bucks?
Re: How do you deal with friends/family when they lose their investment?
If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.
If you want to tell your family or friend to invest in bitcoin be sure tell them about the risks that it has, if you are talking about investment there are always risks but it also will make you earn depending on the price of bitcoin but for me I won't force anyone who is not interested and are willing to take the risks with bitcoin. I believe that bitcoin will revolutionize our currency and if they don't think like that then just don't waste your time.
Thanks. Money is a very delicate topic, and even when you tell someone about the risks, they get distracted by potential gains, make risky bets, then come back to blame you later. Sometimes I think it's better just to keep investments to oneself.
Re: How do you deal with friends/family when they lose their investment?
If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.
See mixing relationships and family is never a good idea. I always try to avoid discussing financial topics with friends and family as money most of the times breaks relationships. However, if someone is forcing you for days for some advice, tell them in advance that prices are volatile. They should invest what they are ready to loose. If someone with limited savings asks you for advice related to bitcoins, tell them that it is not the right choice for them. This may appear rude but will help them in the long run.
The sad thing is, when they see the change in your financial situation and discover it was some investment you made four/five years ago, they blame you for not telling them about it. There's no winning.
Re: How do you deal with friends/family when they lose their investment?
it is pretty simple actually!
i have never introduced bitcoin as an investment to anyone to this day. if i tell others about bitcoin, i am going to tell them "bitcoin is a decentralized currency", expand on that and finally maybe i tell them how the price of it works based on its limited supply and growing demand.
this simply solves all the problems of them wanting to invest only to get rich over night and then with a small price drop they panic,...
i have never introduced bitcoin as an investment to anyone to this day. if i tell others about bitcoin, i am going to tell them "bitcoin is a decentralized currency", expand on that and finally maybe i tell them how the price of it works based on its limited supply and growing demand.
this simply solves all the problems of them wanting to invest only to get rich over night and then with a small price drop they panic,...
i think I like this approach.
How do you deal with friends/family when they lose their investment?
If you tell your friends and family about Bitcoin without giving them any sort of in-depth financial advice and they go ahead and invest, how do you deal with it when the market dips very low and they silently blame you for losing them money.
You're holding the wrong coins. Holding is not bullshit for people that held Neo or XRB or Deep Onion for months. Even coins like Verge and Ripple made profits for the Holders, so don't hold coins randomly. Do your research and examine the coin, the community and use case, before putting in your money.
Re: Just made a million by investing an ICO with my friend, what now?
Share the gains with your friend according to your investment. Pull out your initial investment plus some profit, put the rest in another ICO and some altcoins. Rinse. Repeat.