Bitcoin Forum

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.

Yes, You are. Sorry, cant deny it.

But You are not the biggest loser. You have balls to admit, where this cryptoshit has brought You. There are many much bigger losers, who hide their heads in sand and whisper: "HODL".

Sorry, I wish, I could tell You that You will get some of Your money back, but I dont believe its going to happen.

again many will answer different things, the bitcoin cult with its agenda to enslave the entire world to their corrupt index (coinmarketcap) will of course tell you to hold, but i personally dont think you will get out a millionaire with lambos, as you hoped to.

nevertheless there is some hope,

about your morgage as the potential us dollar collapse will free you from your debt.

as there will be a bloodbath in the stock markets, bitcoin is trash, and the current corrupt cryptoindex is trash es well but crypto will ultimate continue to evolve.

regards

You are only a loser if you sell now!

The big loser coins will be BCH and associated crap.

The other losers will be the greedy creeps in the community who wer part of the scam.

Well this is a tough one. The OP is not the first to do what he did. Famously
there was a guy in The Netherlands who sold everything for bitcoin last year
I think.

Ethereum in my mind is under pressure from competitors so im not sure
about its future. I am sure about Bitcoins future though so I would advise
trading half of that ETH into BTC and look to the future, which could be
another year or two. But hold some ETH just in case.

Thats just my opinion, its worth nothing really and there will be a lot of
different suggestions and advice to follow.

You need to talk to your wife and dont do anything crazy.

All you have to do is hold and be patient.  Bitcoin and Ethereum will reach new all time highs pretty soon.  These are the top two cryptos and they don't have any serious competition.  If my predictions are correct it will only take 3-4 months for eth to hit $800 again and for bitcoin to hit $12k.

It's not that you are a loser. The fact is that you did a terribly stupid act. A loser, this is when you do everything right, but circumstances that do not depend on you are not in your favor. And I can't even imagine how it was possible to mortgage a house and invest money in a cryptocurrency. This is a very, very risky event. I sympathize with you, but luck has nothing to do with it. You have done a very stupid act, and I hope that cryptocurrency will soon start to grow, so that you stay with your home.

Quite bad story that you are having.. I feel sorry but believe me it is not end of the world. That could be worst in every condition, you have to think in positive ways. I also would recommend you to HODL, because you have already lost 8/1, now price is $95 and it would worth nearly nothing. I am sure that the price will not fall anymore and will raise.

I have just one advice for you and that advice is in a single word. I know you may not like it but I feel it should be your best bet looking at the current state of the market.  HODL!

Oh dear . It's awful, I can recomend to hold your tokens. Selling now is very stupid, the ptices are so low now that it's better to forget about them. just wait some months else and all will be ok.

I am very surprised that the bank allowed you to mortgage your house without your wife's consent. Regardless of whos name on the title, the wife needs consent.

I hope this is not a true story, if it is you are screwed (No offense intended, just pointing it out). About your wife, I would let her know as soon as possible and let her participate in your next move.

I feel for you. I really do. At the apex of the hype, I had the impulse to do it. Fortunately, I stayed the course. There's an adage that I found accurate, which is be greedy when others are fearful, and fearful when other's are greedy.

Best of luck to you.

sorry to hear that, maybe try to have another job. sell or not are both hard.

Its unfortunate the situation you have found yourself. You have violated the golden rule of investing in crypto currency which is never to invest amount you cannot afford to lose which is the case here. You probably came in with the intention that buying would multiply your income and make excessive profit for the family.

Now it has happen, the next is the way forward which is for one, you have to tell her what is the situation and explain to her the best way possible. Make her understand your intentions for putting money into crypto currency after which you have to work on getting out of the mess without which you are ready for a huge problem.

It is impossible to mortgage the house without your wife knowing about it unless you falsified her signature or got a shady deal from the bank. If you did get a mortgage, then you'd better fess up incase you drop dead and they repossess the house

Ask everybody on this forum that say's "HODL" to send you a $10k check usd-fiat, pay off your mtg, dump you eth, and stay away from the crypto-crimininal enterprise.

ETH is a dog, buterin was a man-child, when he wrote it, and he's already cashed out and done, ETH like all shit-coins, including btc are heading fast towards zero.

yes, you must always hold it, don't sell when the market is bearish. don't give up and you must to be optimistic, the market still has the potential to be bullish again.

BTC will increase better by more than $ 20K, and ETH will follow.

bro, kindly exercise patience as i am an ardent believer in both ETH and bitcoin (they don't have competitors).
But you should realize that you oughtn't buy cryptocurrencies using your house as collateral NOT advisable.
Especially, bearing in mind that the value of all cryptocurrencies are volatile.

I can sense the honesty in your sad story. All I can say is that you should hold your heart and be courageous to tell your wife the truth. You don't know how long the ETH price will remain low, also, how long do you intend to keep using your job to make the payments? Let your wife know the situation so that both of you can manage it together.

Your like the only BOT here telling the truth? Why is this??

IMHO this story probably not true, but people like these kinds of story's, whether they be true or not, and what's most interesting is NOBODY has came out and said "SELL, RUN"

You got 99% here, that don't even read, they're talking about BTC, and the OP is talking about ETH, which leads me to believe these are just bots triggering on a sad crypto story,

Most likely the exchanges are paying bots to post "HODL" story's, so no matter how bad your loss your still supposed to HODL, cuz they ( exchanges ) told you so,

YES, STUPID crypto's are a dice roll 50/50 even or odd, you bet all on a roll and you lose all, its called 'gamblers ruin', if this story is true, most likely the OP is  a compulsive gambler ( or village idiot ), especially the part about the house being free&clear, these kinds of people (gamblers) are always in debt to their nose, ... me smells much bs in this post.

Village Idiots don't live  in free&clear houses, and if they do, their custodians don't let them hold title so they can be swindled.

Lastly, who tells you ETH will go up? This is a shit-con, and the TECH of ETH sucks, its much worse than bitcoin in terms of inability to scale, and its internal programming language is a dog, ETH is what you expect of a high-school genius to write software and get rich, now that BUTERIN is an adult, maybe he can start from scratch and create ETH-2.0 that has a future? No matter what these professional LIARS tell you high-school kids don't have the experience, and math skills to develop a bomb proof crypto when they're just coming out of diapers, this is a multi-discplinary field, and what BUTERIN did is that he was first, and got a following, but his code ( REV 1.0 ) has no future.

With such a huge capital you should have invested it in trading rather than putting all your eggs in one basket.As I always tell my friends and family never to sell of their property or take loans to invest in crytpo because of the risk involve.

Today's market makes many people disappointed and pessimistic, including me and you. I buy small pieces of BTC when the price of BTC is $ 6000, if I sell it today, I only get a loss.

so, my choice is to hold it until bullish comes again, tell your wife, that we only need time for the bullish market.

you can follow my strategy.

Oh it is really very sad but you need to tell her everything, I think if she loves you then she will understand and will forgive you. I don't think that she will leave you only because of this

That's  we could you take the risk in you life that you don't even know if you can make it earn or not. That was to hard to tell to your wife but sad thing is you need to tell to your wife for her to help you nor she mad on you. Yes your are right don't  easily sell your coins keep holding and for sure the value will rise again be patient take a risk and wait.

in my opinion you are not a loser but you have to be more patient in holding your coins like ETH especially the market situation that until today is not stable, my advice is to hold your coins until the market price is fully recovered so that you can sell your coins right away and you will not feel a loser because you have benefited.

The best  thing  to do is  tell your wife   the truth   :)   lesson  learned  you have to make  wise  investment  :)   if  you can't  sell eth  you have to hodl  it unti   you have the chance to  sell it.

What a very big mistakes using your own property for the sake of investments in cryptocurrency. You should never use a borrowed money to use as an investment, because the risk is very high specially if you don't know how the market works. It's like gambling, you bet, you may win but sometimes you may lose.

That you mortgaged the house was a big mistake. Therefore, everywhere they say that investing in crypto is a big risk and you can never invest more than you can lose. But you can leave your ether and wait for the market to recover.

You mortgaged your $300,000 house, to get ETH. now lets observe a few things:

1) You are promoting a service in footer "denarium"
2) After June 12, 2017, you just came back to post here on December 06, 2018

just tell me, who advised you to invest in ETH mortgaging your $300,000 house? And why you jumped in a market that you have no idea about?

Damn, what a history, i'm sorry about that, looks like you apply the 'Go big or go home' but in the way you fucked up hard. The only thing to do now is to hold and pray.

Your wife will get mad and really angry with that news, so, i would recommend to lie, tell her you but ETH but got scammed and lost all, i know, i know, lie is bad but think about how happy she will be when you tell her you to recover the ETH and the scammer is now on jail... After that comes the bad news about the market crash, but she will take it as not as terrible news.

I think this is the smart way to play it with the intention to conserve the relationship, you already lost the house, play it smart or you will lose your wife.

i do not intend to say you are a loser, i am also concerned about your current situation. indeed at this time it was very difficult to find a way out, there was no other way but to keep holding it.

indeed there are some conditions that make a person a loser, but in your current condition i think you are not a loser. You are only the head of the family, but i think you are too brave to mortgage your house for something very risky. just hope that next year the market will pump and your house will pay off.

sell your kids and buy big on Bitcoin

still hodl, etherum prices will definitely rise again. let's just say your decision is a big investment that can make you make twice as much profit.

however, you have already made the decision to mortgage the house to buy ETH. I want to invite you to solve the problem in a way, you must immediately work hard and sell half the ETH that you have with the aim of paying instalments for the next few months. and half of it you can hold and hope that ETH can rise in the future.

The truth is, your profits is not yet this time, you have to wait until the markets get recover, just keep hold and wait for the pump. And for about your wife, tell her the truth that you montage your house for ethereum, and you have to wait for the pump. I am not sure when it wilm but it will surly come.

I think yes you are loser, your decision is so bad, But dont give up, you can through it

we know cryptocurresny is unpredicted, So dont sacrifice the the obvious thing to an unpredicted thing. You do this because in your mind only profits.. That's why we must think clear, tell friend, sharing information, not just think about profits. Just HOLD it because your money not gone, if Eth's price goes up your money will come back.

You're in a wrong move mate where you hide it with your wife..because what i stand for is that every decision that involves big risk both of you must know it and both parties will decide it.Cryptocurrency investments is a big risk and what you risk is your house inorder  to buy eth.I think you must need to tell her,no matter how she will react,its as good as the truth will set you free.Yes you can sell your eth though the price is falling but leave something to hodl and have patience to wait for the next bull run.
Just my opinion mate.

Stupid advice, he bought $300,000 worth of ETH when it was at $800. Now ETH is $80 so if he sold it all he would only get $30,000, if he sold half he would get $15,000.

OP, best thing you can do is tell your wife. Also at this point there is probably not much point in selling as we can't go much lower, at least relative from your $800 to $80 loss you already suffered.

I would get a second job or work extra hours or something to make your house payments. Maybe talk with the bank for an Interest only loan for maybe a year or so to see how the market pans out.

I am sure given enough time ETH will rebound much like BTC did back from its 2013 high then crash in 2014-2015. Took a few years though, so you will need to make plans to ride it out possibly until 2020.

Expect to be savagely battered with the frying pan.

No point in selling now. Write it off, forget about that ETH. Fix your life and if the crypto gods like what they see, they will reward you someday.

That's too much and it will cause so much anxiety because Eth coin still dropping and we still don't know how low will it goes down, no one doesn't want you to be in your shoes, and I don't want to give you will false hope that you can recover your investment it's time to talk to your wife about this but this is just a recommendation.

you are not a loser because price of what you bought went down.

you are a loser because of two things:
1. you invested more than you can afford to lose, and worst of all you invested money that didn't even belong to you. you basically borrowed money to invest.
2. you invested without doing research and worst of all you entered a market that you had no  experience in. for example would you jump in the ocean if you don't even know how to swim? then why would you invest in an altcoin when you don't know what pump and dumps are?

right now your only option is to cut your losses and possibly even dump ETH that you have been hag holding all this time down to below $100 and next time try to educate yourself and use this bad experience to not repeat it again.

Tell her what actually happened. It's not just a question of you being a loser. It's her right. The house belongs to her as well.

From that point, there will probably be a big fight. Maybe your marriage is over. But you're still in it together. And it's important to start thinking what to do next. Do not pay attention to those who just talk that you should HODL, many of them only have a few bucks.

Your life is in this bet, your future. Look for the contracts you signed, the loans. Check the conditions, the interest that are in it. Maybe you can find a loophole to extend the loans, improve interest terms.

Try also to change your lifestyle, find where you can save money. And just continue with ETH if you really believe in a valuation and you would put more money if you have right now.

I agree the story is total bullsheet.

If your house is worth more than $300k and already fully paid, it means you have not found your money on the street. Nobody dumps $300k on something they know nothing about.

If the OP was into secured investment, at least he could have gone into Bitcoin as there is limited supply. ETH does not have a limited supply and there is an annual cap on the increase of the limit. ETH is used to pay for the contracts to run on the Ethereum network (gas), and the orignial developer already said that $300/ETH wsa too high: the token was not design for this purpose, it was designed to remain affordable so people can create smart contracts.

So OP is not that gullible just too bored.

The correct reply was already given: you've almost lost already 900% no point in selling now.

Having 12% of your original investment is pretty close to nothing. I am going to take the bold stance of disagreeing with you here -- ETH might go down to $50 but the fact is there is a huge ecosystem of projects built upon it, some of which have a lot of future potential, and it will never die out completely.

In all likelihood he probably won't be in a position to make this bad of a decision again for quite some time, but even if he was, I'm sure the lesson he learned is engrained pretty deep.

Try to ask the lender to extend the terms of payment as they will understand the situation. They will not easily to take your house without court order in which a very long process during trials and hearing. Tell your wife the truth and she will understand for sure or she will got mad at first but its normal. I just wonder how you will able to loan your house as collateral as a couple, both concent and your signatures are needed as the house is a conjugal property.

i am not saying ETH is going to die anytime soon so i don't know what you are disagreeing with. all i am saying is that bag holding it while it continues dropping is not a good idea specially since you don't know how long is the dump going to last. it was above $100 and if it goes to $50 it means you lose another half of what you had.

if you truly believe in ETH (which i do not) then buy it back when the dump ended not bag hold all through the dump.

If your story is real and your wife will know about this she will definitely kill you seriously. :o Damn it, dude, you made a huge gamble in this very wild and really volatile industry. I know we all make mistakes in our lives and we make terrible ones just like what you do and I think the best thing to do is tell her the truth about what you have done with the money you got from your mortgage and don't expect that your wife will be not mad at you. And to the Ethereum that you bought better to hodl it rather than selling it now and wait for the bearish market to cease and recover that's the only best thing I can think of about your situation right now because your $300,000 dollars worth of Ethereum bought on $800 dollars each is a serious money and if you sell it now you'll only get an amount of approximately $30,000 and it is not a good idea to do that. I know you're in a terrible situation and you might lose your house but its the consequences of your decisions that you made I just hope that you will survive it. :)

My main disagreement is I don't think he should sell right now. I think the turnaround time will be pretty quick before it starts to go back up (within 1 month) but that's just my personal guess. Wouldn't make sense to get out and then get in again.

I am not the kind of person that kicks a guy when he is down, so I will spare you that. The only option now, would be to cut your losses and to sell some of those coins to pay your mortgage payments for as long as possible, because you do not want to lose your house.

This buys you some time to put your house up for sale, so that you can sell the house on your terms and not on the Banks terms. <You will get a lot less, if they sell the house>

Then, after you sold the house, just rent a smaller place or buy a smaller house. <Hopefully you will have paid enough of the bond to have enough profit for a good deposit on a new house>  ??? 

Hope you get out of the hospital, after your wife was done with you, to do all this.  :(

This would be the worst possible answer. If You take it as a lesson of investment, You havent learned anything. You are scammed, thats what it is.

ETH is down by -20% today, by the end of the week it will below your 50.

Take your losses, and get out with some skin, stay to the end and get nothing.

It's going down, ETH was always a over-hyped SHIT-COIN.

Take the loss and start paying. Divide the instalments.

When you are losing, you might choose to cut your lose because you can buy more cheaper from it also. Trading might help you but you have to understand the movement of the market. You can explain that on your wife by telling how volatile the market. You buy at higher price expecting that it going much higher and make you rich but it differently happen. Holding is what you do and buy at this dip and make it profit.

I don't have any skin in the game because I use crypto for what it was intended - a currency - not an investment. For that end its served me quite well. Thus my holdings are nonexistent.

I read some of your other posts, looked at your trust history, and I just have to wonder, who gave you a merit??

Lol. Are you pretending to be some kind of sage or something? There is a reason why so many people say that HODLING is a really tough strategy to master and it is possible to earn humongous profits in certain cases.

People who HODLED Bitcoin, Litecoin, Ethereum, Ripple etc ever since their inception upto 2017 must have become instant millionaires due to their remarkable patience levels which goes to show how effective this strategy is.

Coming to the op, I personally think that you took a big risk, but that definitely does not make you a loser. Man up and admit your mistake to your wife and follow through with whatever punishment gets awarded to you. Don't invest what you are not willing to lose people.

HODLing is a boiled frog strategy, nothing else. You cant have a strategy in scam scheme. You may only have some luck with timing, unless You are not scheme master.
You have been HODLing at least 50% off of Your money, Im OKAY with if You decide to proceed. I (unlinke bitcoin enthusiast who know for sure, "raise will come") can not even quarantee You, that price will not raise anymore. It may, if they find new supply of morons, who insert their real savings into this scheme.

So I dont know, if HODLing now, can bring some of Your losses back. But what I do know is: in long term BTC will stop existing. And I speak relatively here. BTC wont see year 2020 at any price level, like current. It will be 90% down from today.

Mark my words. I have said it already in this forum, if You read my posts. You are warned.

You made a very big mistake in the first place that was very risky of you to mortgage your house without the consent of your wife and now you can not even recover from it am so sorry but you just have to admit it that you lost

Now ETH costs $ 86, so you made a profitable investment. And do not listen to his wife, she does not understand anything.

Bitcoin is indeed very profitable now to buy, but don't put all your assets in coins, because waiting for profits is not for a short time, and household needs often come unexpectedly

in current bearish market if you sell your ethereum you will be loose if not sell you will be not loose,i will be advise you hold your ethereum with patient because in future price of ethereum will be recover and will be rise above 1k $

There is no one who will really give a good way for you, in this position only you will decide between selling or staying hold. So everyone is required to know about cryptocurrency as a whole when he is about to start an investment, so when prices continue to decline he will be forced to decide between selling and holding, and usually for those who already know about investing in cryptocurrency when they lose will never make a decision to sell, they will continue to hold until the price recovers.

I suggest to you, don't have big ambitions to get profit from crypto, because the volatility has a crazy risk.

selling real assets for crypto investments or trading capital is a bad idea.

we better invest or trade with capital from our real work.

now, you better hold your assets.

That is a sad story and a stupid move. Don't know how you manged to morgage the house without your wife's approval... Unless she is not a wife but a girlfriend. Anyways, it is better tell her the true and get second job to pay your debts

I agree with you, we know that value now in the market is too dip it's better to hold your coins and wait for right time until it become increased.  Don't panic just wait and be patient and you'll see it become ok .

Awts sorry that abug problem at this moment hard to help and resolve your problem specially this current dumped situation a lot of loses fro. Your investment if sell now.

Go to ypur friend and ask them to barrow money to solve your financial, do not sell your ethereum wait for the break even but nobody can tell when the bull run comes.

they say: don't count your chickens before they are hatched. I understand the guy is having tough times now but it is too early to consider himself a looser.  Find the strength to tell the truth to your wife and may be together you will solve the situation.

You are not actually a loser in the market,what you need at this point is patient. As for investing it will be best you invest what you can afford to lose not risking all you have.

Patients is best to do in investing cause if you have not this your investment it may go. In one investment you need patients to wait to increase your investment and also it best to invest the money afford to lose cause in a wrong decision it may cause to loose your investment.

That's exactly what I mentioned previously. There's no way he could have done it without his wife's consent. Even if the house is in the husband's name, you can't mortgage the house if the person is married without wife's consent.

First, you have to be honest with your wife and talk to her clearly, if she really loves you and understands you,She will understand your mistake and help you to overcome it together, besides that it will take a great weight off your shoulders and help you make better decisions, I think ethereum still has a good potential, but I can not assure you that it will recover so much.

Do not forget that innovative projects are emerging on the ETH platform that are worth exploring and can bring excellent profits. Be a faithful spouse for your wife and consult with loved ones. This is not the most difficult situation from which people found a way out.

well, i wont call you a loser. You took a high risk as a man which lots of men are scared of doing. Though you in a tight corner now, i suggest you sell part of the ethereum, convert some to bitcoin and hold then keep the remaining bitcoin. you never can tell what will happen to bitcoin in the nearest future

don't you worry brother, your not the only individuals here who faced and experienced that, in fact there more others who are worsen that yours.
But my advise to you, if you can still survive for a couple of weeks or months better for you to hold still your Ethereum, because for sure its price value will increase at the moment we didn't expect to be happen. And you can still not loser unless you sell it now the Ethereum you have in your wallet now.

Well, it really was a rash and spontaneous decision. You can't do that if you don't know what you're doing right now. There is one Golden rule that every investor or just a person working with cryptocurrencies in the market must follow: invest in cryptocurrencies as much money as you are not afraid to lose. I guess putting your house on this rule doesn't fit.

I am sorry this happened to you. It has happened to a lot of guys, I only hear sad stories in crypto now. Buy at ATH, gets burned. I do not know about your marriage situation, I your wife has understanding then try to explain her why happened. Truth is, Ethereum may surpass ATH in the next years but there is no timeline or assurance for it. But if can hold off, don't sell yet because ETH is really low now, even if it does not get 800 dollars again it will go up in future.
You are human and make mistake. You are no loser but you must be a man and own your mistake.

This is bitcoin discussion section, for alts you have special section, surprise or not the name is altcoin section, easy to be found.

He is just one more newcomer, spreading panic across the forum. There is no way that this is a true story, of course he couldn't take mortgage without his wife consent. People who have financial problems, like most of us do, find a second or third job. Nobody open account here to cry about financial problems.
This is not real, just one more fud thread, nothing more, people here should recognise that.

You have made a very brave and even more reckless act, laying his house. Investments in crypto currency are not very reliable and stable yet, and you should not risk such important things as, for example, a house. This should be a great example for all other investors as not worth doing.

Of course, I can't envy your position, and I understand your wife's frustration. But if you have already paid a mortgage for your home and you have a source of income to maintain it, I would advise you to keep holding ETH or transfer some of it to bitcoins. I still hope that the price will recover and continue to rise and every investor will be able to continue to profit from their investment.

These are very difficult times for every bitcoin investor, especially for those who have also risked a large amount or their property like you. But I think you don't have to stop, and keep holding your coins, because selling them now when the price is so low is not the best solution.

At the very beginning of my investment in cryptocurrencies, I heard a great advice: do not invest more than you can afford and are ready to lose. Mortgaging your home to invest in bitcoin is a very rash decision. But it's too late for you to say it, because you did it. In your place, I would continue to hold ETH in your wallet and hope for a price increase soon.

I think you better telling her the truth about the condition. Explain her about cryptocurrency and about market movement and your portfolio. I am believe she will understand if you are honest with her. Maybe you can hold your coin but i am believe you can not predict where market move.

if you spend all the money in your life then you have to prepare for a divorce letter, lol. I think when you are married, any decision like investment should be decided together, not just yourself. now you are confused to explain to your wife

Option 1:  HODL. It's a market and it will always COMBACK

Option 2: Invest 50% in a diversified portfolio (in many promising tokens/coins)

I hope you will COMBACK

I understand your feeling. It's best if you have to know in advance that investing in crypto has a huge risk. You shouldn't pawn all your treasures for crypto. You better keep holding the ethereum you have. wait until the price returns to normal if you don't want to lose more.

I can say that this is one of the toughest decision you ever made. You fully trusted Ethereum hoping that it will go higher than your buying price which is 800 and now it is sitting at $100.

2 situations.
1. You can continue saying excuses about where did the money go and while doing it, find a work and hold your ETH.
2. If you can sell your ETH then go and then find a work.

I'd rather go to the first one. You made a huge risk and it goes against you. Feel sorry for you OP.

The best way is to tell your wife that your money goes to crypto investment and explain it to her, If I were you make your decision with your wife and tell her the possibilities that your money can go back but it takes time.

You are not the only one with this kind of problem, imagine those who buy ETH at $1,200+ also those who buy bitcoin on $19,000+ they lose more than you but some of them are still holding hoping for the price to go up.

It is not impossible that the market will go back to that price again but as I have said it takes time.

Just I can say look is a good future BTC and ETH . Because ETH and BTC good popular currency in this crypto market.huge volume everything in the coinmarketcap.now BTC and ETH volume huge down so definitely if you getting hold decision then you will make more profitable with BTC and ETH .

I would still suggest him to HODL, as I believe ethereum will revive sooner or later, and anyway selling at 90 bucks would be a mistake.

God, you are a gambler!
Ok, since things have happened, all you can do now is to apologize to your wife and ask her to forgive you.
You don't need to explain to her the high risk of crypto. In my opinion, you are no different from gambling. You should spend more time with your family now, which is much better than any explanation.

First thing mate read the thread before putting your sentiments huh?

OP is holding ETHEREUM and not bitcoin so with that you are out of contexts right?

For OP never stop believing in cryptocurrency specially in ethereum,not because this coin was overtaken by RIpple(in which a centralized cryptocurrency)meaning you will lose your faith,ethereum will recover soon just complete trust is what you need to have right now

after you buy a cryptocurrency, you are considered ready to take the risks that you will experience, the house that you sell should not be used to gamble on cryptocurrency, even if you win for the first time, you will definitely experience defeat in the end. Cryptocurrency is full of mystery, where if you don't become part of the global elite, then you will only become a small ant following the flow made by the global elite
If you choose which branch you will take, you will plunge into the cliff
that's the cryptocurrency analogy in my opinion

sometime the gamble pays of sometimes it does not. but you cant be lying to your wife shes going to find out sooner or later and never trust you again. better to come clean and atleast be a honest loser than an lying one  :P

 It is a market where only spare money should invested which you are ready to loose ,no need to grumble now wait and watch as per your statement you are already looser.

Mutter it out of the side of your mouth mid donkey punch.

That way you get to say it to her and the chances are she doesn't hear it. Win win.

I don't believe any real human being would've done this.

What the fuck is wrong with your wife?  What kind of a bitch is she? 

She promised to love you no matter what.  You only did that (mortgage) so you'd have a shit ton of money to spend on her.  You took huge risk for her.  All you wanted to do was make her life better. 

And now she is going to complain that you did this?  WTF?  Dude - get rid of her.  Nobody needs a bitch like that.  Be glad when she is gone.  Trust me, if she can't totally she how much you were trying for her, she does not deserve you.  Don't let her make you feel like a loser!!!  You are a hero who got fucked by the system.  If a guy has a wife that makes him feel like a loser, then the problem is the wife - not the man. 

Say goodbye and let her go. 

Then why not just tell her and explain everything instead of hiding it, she'll probably understand it since he's your wife and she'll definitely help you out if you have done this, quite a risky move to mortgage the house and turn it all into ETH, invest the current ETH you have and don't give up, you ain't a loser, you are just being too pessimistic with the situation you have, nothing'll happen if you don't force yourself to work more, grind harder, you can do it.

Hey this is very sad to read, and I'm sorry for this but I think you should find alternative ways to earn money online. I would suggest to sell some services or you can even become a reseller of popular services, another way is to sell clickbank products. I would advise you to also come clear with your wife, as you two can figure a way out, and do not sell your coins as the price is way to low for now.

People need to learn that investing is risky and should only invest what you can afford to lose not like borrowing money,  taking a loan,  selling your stuffs and the likes. It's really not a good decision and it doesn't work for people that take these steps at least 70% don't result in a good way.  Let's learn and not be greedy.

Yes i am a loser, i don't have nothing to say my children and my wife because 75% losses of total amount. I am fully astonished by seeing this panic market.

First rule of any financial market is " Do not invest the amount which you cannot afford to lose" and you broke this rule. Its really sad that you mortgaged your house for ETH which is very new in this financial world. I can understand your situation as I made same mistake once, not invested such a large amount but the money which I needed, I invested in forex which I lost later, it cost me around 3-4 years to get be on track. I would suggest you now to just keep holding your ETH, may be for 1 year or more, adjust your expenses and be patient, there is nothing much which can be done at this moment. Lets wait for market recovery and last do not tell anything clearly to your wife but give her just a hint that you have invested money somewhere and it locked for sometime.

The deed is done and it's too late to change anything. Therefore, is meaningless to think - correctly whether you did or not. But I wouldn't hide it from wife and advise you to tell her everything. Because, it is your common property.

It was rather stupid move to mortgage your house even for bitcoins. If you are brave enough to accept you are  loser then go and tell your wife til the situation gets worse

It all depends on whether you are able to survive longer without selling ETH. The price will start to grow sooner or later and will certainly recuperate those losses.
Maybe just sell only small amounts for the most necessary things, until the prices start to grow.

No, you don''t do that! Never mortgage your house over any money, there is almost the trap that you will not succeed and be left with nothing. I'd suggest to tell your wife the truth and try to figure it out together. HODL may not be the best option  now that market keeps crushing.

As a woman and wife, I wouldn't want my husband to hide such an act from me. If we took a mortgage together, it means that we must solve this problem together too. I'm aware of all the affairs of my husband, since we are together here in crypto. In the family, everything must be built on trust. It is a pity that you didn't tell her before. Now she may not forgive you.

Go to your wife, and tell her honestly, what you did. And there is no fault yours. The condition is not your site. If you wait some days your good day will come again. I think your wife first will be getting angry and then after a time she will be cool. She can understand you. And I think you should keep holding your ETH coin.

wow! this is painful but if you sell now you will lose it all and I know it is hard but wait till next year but you have to tell your wife about it because it will lessen the burden

This should be a wake up call to all of you wannabe investors. There are 2 rules that you always follow and that every professional investor and trader will tell you to follow.
The first one is, you invest only what you can afford to lose, which is only spare cash lying around that you're holding as your emergency money.
The second one is, you always exit when the price goes lower. If you buy at 5000 and the trend reverses into 4900, you sell. You only hold when you have a safety margin, like for instance you bought at 5000, the price went to 700, and is now falling towards 6500, you don't have to worry until it hits 5100 or lower.

Even though you are loser or winner, you should tell your wife about it. If you wife is your real partner, only then she will always be with you and help you in every situation. On the other hand, if she is not willing to stand with you in dark times, she should be deserve to be your wife.

Bro if you dont need the money, hold it. Wait to the boom, and then sell. You have to keep calm and have patience, i know is difficult with all in red. Personally i would hold, i cant sell easy. You have to make PROFIT. I hope you have luck.

I will advice to hold the ETH and find a way out to settle the mortgage till we see next bull as selling it now will be a total loss and a big loser indeed , so pls just consider it lost and find another mix to settle the bill and wait for when it will pay back in bull am sure by then you will forget the stress you are in now.

Sorry about this. You shouldn't have put as much as you did, because of the condition of the market. I too I bought an altcoins, am now in deep shit because it dumped beyond redemption, can't even pay my house rent-age in full, my wife keeps looking at me like what did I do? I think you may have to sell some holding when the market move some bit up, selling will be very bloody, because of heavy losses.

It's hard to say this, you don't think long before investing...
Your biggest mistake is investing in lust and not thinking, especially until you pawn your house.. it's very wrong
and you'd better be honest with your wife because sooner or later she will know too...

No matter what happen truth will reveal otherwise your conscience will always bother you. Your wife is your partner in life and you should have an open communication no matter how hard or easy the situation seems to be. It's not going to be easy, let her understand the real deal, if she truly loves you then she would understand and should be there to support for each other. On the other hand, you should also be strong, stay hopeful, be strategic and be patient. Don't tell yourself a loser, strive harder, evaluate yourself where you fail or what needs to improve, don't give up, change the plans but not the goals.

Dude, just tell your wife and be honest, you are not a lose!
make it hold longer and wait for the ETH 2.0 with POS...
Market is not good now but soon it will 2019 will be a better year for us.
Just ready your face for some blows.

This is a terrible story and I sympathize with the author. I think that in the future we will be able to make good money on all this

I am sorry this is happen to you. But my advice is be honest with your wife. Maybe at first time she will be angry but accept it because its your fault. You are not a loser if you are telling her a truth

OK.. You need to stand up and face the challenges courageously. Let bygones be bygones. You can't reverse what you have done. And there is no point in running away. Just be a man and tell everything to your wife.

I recall this "bitcoin family" in Europe. They're all in but the guy had obviously made his riches elsewhere and then put a substantial amount in an earlier Bitcoin bull cycle (and cashed out). So I guess the best thing now is be honest with your wife. Always remember to purchase with what you can afford to lose only otherwise it becomes an addiction like going back to casino.

in trading very thing should be done with calculated risks or else it will cause us too much of lose 

This story is Bullshit. No one could be this stupid.

I don't want to be in his shoes now, his wife could file a divorce or even sue him this could ruin his life, this is what happens when you invest your earnings, it should be investing what you can afford to lose, and he learned this lesson the hard way, I pity him.

I'm very sorry for your loss.The wife needs to tell the truth and preferably the sooner the better.It is urgent to buy the house, until all is lost.This is a very difficult situation, but I can't comfort you.It's only going to get worse.

You took the risk then better to stand.
If you sell now then you will lose badly. If the price drops further then your loss will be bigger. Personally I will wait until I can sell with the minimum possible loss...

Not a loser but more of you being cover by your greed so you do it. If selling off the ethereum you have at the moment can help you settle partial of the mortgage you should do so, although i believe in the future of crypto but when will the exact date be i does not know let this be a heavy lesson don't be greedy anymore greedy is more like gambling and not investing or trading.

sad to hear it :( you are not a loser
but you are a gambler , you gambled on ETH to increase in price and you made the wrong call
it happens, do not despair, after all you had a paid off house to start with
how many people here can boast that? I guess not everyone has a house worth 300.000
what I suggest- you talk to your wife and tell her everything
if she loves you, she will understand and you will feel much better
as for HODling or not, I would hodl - if you sell now you will lose like 70% of the value
if you can wait for a year or more, do it

i think you should tell your wife as soon as possible. i know she will very angry but if you dont talk right now, you will regret it. so talk with her as sson as possible about your investment

Give up!)The wife will kill you,but it's not forever)))the Situation is terrible,you're screwed man,but know you're not alone,we're all screwed)I do Not know if we have the chance to get out of it.Let's hope for the best.

You sir have balls.Respect to those big balls.I hope any whingy judgemental feg cunt who tells you otherwise should go and die from a miserable snowflake form of mutated cancer ebola.Gamblers we salute you.

Your situation is very bad unfortunately. First of all I wish you had read this forum in more detail. I've seen dozens of times warning that they don't invest in cryptocurrencies with lending money.

Of course, there is nothing to do after this time. I think you should accept it and talk to your partner.

Instead of holding if you have also traded then your purchase price would have come and you would have taken your investment out and now this coins would have been free for you. But still if you know trading then with this coins you can daily trade and make profit, Like on daily high sell and then buy back keeping 5% profit ration so like this you can gain some investment back slowly. This is the only way to get out of your loss. other then that holding is the only option and that you can not do until you dont disclose this situation to your wife.

I'd like to say two things,

1. Don't think you are loser, believe in long-term
2. Don't let your wife know as long as possible.

You can tell her after selling your investments!

That sucks man.

If it makes you feel any better, I invested around 170 000$ in a stock market. Quickly after that, it wen't down like 60+ %. I was tempted to sell but I endured and it came back, and now my money is doubled. I did not tell my wife until the money was positive, luckily I had quite the salary and the money i invested was saved, not loaned.

I know it is not the same situation,  you are in much more deep sh*t. If you sell now, you will sell for 90% loss, this will just postpone your bankruptcy a few months, so the pain is coming for you anyway. Therefore, you should endure. Hold and hope for the best. I am not sure if you should tell your wife now. If your salary is good enough to cover the payments and still live decent life so the wife doesn't suspect, don't say anything. In my opinion, if you sell now you are doing what (((they))) want, they took your money at high, paid you 10% back, and will rinse and repeat this cycle. Hold is your only option

Good luck

Would you regard that as your money, or you and your wife's money?

If I were married I'd only be making bets with money that was unequivocally my own, and I wouldn't tell her indoors about them either.

Admit it before the wife, I think she will understand you.
Do not keep everything in ethereum, create yourself a package of 5-7 top coins and wait on.

just tell the truth.  losers are those who can't face reality. 

So the whole package crashes down and he's even in a worse boat than before?

Honestly because you mortgaged the house without your wife's knowledge, I don't think your marriage means really anything to you. You don't want to tell your wife either after you made such a big loss because you're scared? Scared of what? I might be sounding like some naive samaritan here, but I personally believe marrying someone means you're going to share AT LEAST a part of your life with her. Not telling your wife about all this just means you might be better off alone.

There's a tiny line between being risk seeker and gambler. Not here to judge you, but one should carefully assess and manage the risk when investing.I hope things get resolved for you.

If you still holding the coin or tokens then you are not yet a loser, there is always a comeback.
Just keep holding and you will gain soon as the market can recover anytime.
You can tell your wife the truth as it will ease your pain, and it will be better for the both of you.

It is a market where only spare money should invested which you are ready to loose ,no need to grumble now wait and watch as per your statement you are already looser.

Here's an article from the smart investor that supports your post. I thought had a pretty good argument, but I am not convinced.

https://smallivy.com/2011/06/15/you-dont-lose-money-in-stocks-unless-you-sell/

I grew up with my parents telling me this. After thinking about it quite some time I've come to the conclusion that this is a myth or a false sense of security. You should always take the actual "value" of an asset, not what you paid for it as a reference. It's not about losing or winning, but the current actual value of the asset. Let's say you have 10 BTC and you bought it for 20k a piece. You now have about 35k in value. So, in terms of actual value which is your buying power.

Don't consider yourself as a looser and if you do then many people in this forum are looser's because majority of traders and investors have lost great amount of there personal wealth due to these market conditions and some have actually overcome by making smart decisions and in you case the best thing to do is hold little longer and meanwhile tell your wife the truth because what you did was a investment and no one can say every investment can be successful but please don't take such huge risks again 

It is a total disaster if it is true then there is nothing you could do,
It is so dumb to do why would you even put your house on risk?
Specially you have a family you should really think about it before doing something so stupid.

I think if she's really your wife, then you have nothing to hide from her even if you're loosing. Moreover, I can see some greens in the market already and that's like an inspiration that you still haven't loose all yet. There's still light at the end of the tunnel.

You should sell your ETH soon IMO, althougn not a cryptocurrency expert.  The company behind Etherum is planning to dump ETH with a hard-fork called Casper and they have a 'difficulty bomb' in etherum planned which I would think will make the price drop.

Also Etehrum isn't that great of a cryptocurrency, it just presents well; if you look deeper into it doesn't really make sense, having to buy digital money to develop apps. Bitcoin is a better currency because it was designed to be used as a substitute for money.

Just my advice and also who cares if you can't sell it because you live in NH.  Just find a solution or go to another state, rent a hotel room and sell it there or figure out some solution, because in the worst case you are going to lose even more.

My girlfriend and I have no secrets, so it's hard for me to understand why you kept this information from your wife? Were you afraid she wouldn't support you? Why? It's a strange relationship, my friend.

The OP didn't come back to his thread so I'm assuming he did tell his wife the truth but we don't know what really happen after that.


We can't assumed that, women doesn't want to be kept in secret so maybe that's why the OP is really depressed or something because he really knows that the wife hate what he did. Hopefully though everything turns well and at least we should hear what happens to the OP.

Never you use your real money for investing at bitcoin or altcoin, always use your side money for trading at crypto, by the way you have talk true to your wife and you have faced what have you do, my opinion your wife will be understood and forgive your mistake.

Dude I simply don't want to believe you are that stupid.

Please tell me you are just a troll.

Since you have not made any replies to the thread since you opened it maybe you are not a troll.

Maybe you said fuck it and killed yourself.

If you are alive please post back with an update.

Thank you.

ps please don't read this and  hurt yourself as I sincerely do feel your pain it it is real.

I know people that have done things like you post said you did.

Everything has happened, this challenge must indeed be resolved intelligently. tell all the family and tell the truth, after that you have to work hard to pay the bills. Low prices are not good for selling coins, save your coins, believe me, the price will go up and now it's time to wait for prices to rise.

Just hold because ETH price will grow in the longrun, that's the only way you can make profit from your investment. Also be honest with your wife because if she really loves you she will understand, we all have mistakes in our life but we must overcome it no matter what.

this is not the end of era bitcoin don't give up everything, just keep it, hold it until the time and for my opinion about your relationship with your wife its better to stay honest to your wife always, because the best way make forever with our wife is stay honest to her.
Sooner bitcoin will raise again stay hold make timing to earn from your profit.

Tell her about it and hold the coins! I'm sure she will understand. Showing her success stories of Bitcoin enthusiast helps too. Have her something to hold to and then tell her deeply why you bought it in the first place, be it you want a vacation for her a financially free life. Help each other about the mortgage.

i guess you're really a loser we can't deny it because you have to mortgage your house just to buy ETH which it's 800 price and i think you have a good reason for it and just want to get a bigger profit that is why you have to invest the money. I just want to ask you also have you invested all your money from your house that you mortgaged? i think you should make a plan first before doing risky things.

Its dificult question as everyone would make sugestions but noone would solve your problems simplest way is holding or if you have tading skills then trading but if you ask this then it means you havent,its realy big money so bro try hold find another work and do your best not to lose,you havent lose utill you dont sell.

This is true that only spare or limited money should be invested as everyone know that market will rise and also it will crash . So either one should have holding capacity or be ready to face the fall and losses if need be . One has to move on and cannot just keep on thinking about it .

That is why i am only working for bitcoin and earning is against my skill and bounty campaigns, so it is only my time and skill is invested and in future if it goes zero also it wont affect me, but i use it when ever i am in need of fiat currency.

Friend not only you, but also all bitcoin holder now falling this problem. it is bear market situation don't have our hand. bitcoin now also still have. my opinion, you can do share this matter with your wife and hold your coin more some months. we are hoped that current year must, ETH, BTC market can do increaces and can you recover your capital. so just wait and take patience.

- Sell part of your ETH to pay your mortgage.

- In my opinion, crypto will never recover unless a serious economic catastrophe happen.

- Don't think about this situation, the more you are going to think about, the larger it will become.

When this all cryptos are falling you should sell it quickly when it drop hard. Now i dont think you will recover soon enough. Sorry to hear your bad situation but i dont think you will get your investment back in no time. That was a fault when you dont learn enough how the market are move. May this will be a lesson for all who want to make a stupid act.

Selling some eth will give him money, and I think this is the best thing he can do while he can wait for the market to increase. At least he can pay his mortgage for month and he can search for another job in real life to pay the other months. But I won't say he is a loser right now because he still has a chance to recover his losses in the future. All he can do right now is not stop from finding a new job that could help him to get money.

I think that you should confess everything to your wife.
If you continue to hide ugly things from her it can destroy your relationship and even your marriage.
It's much more important issue than money, believe me.
If you start to work together, youmay chance to overcome this difficult period in your life.

You don't need to sell, just trade with BTC (maybe some). I heard that ETH will do hardfork this year, please predict this. If later the price improves, then it's your luck. If it's getting worse, of course you can't survive the word "loser".

That is going to be a great challenge if that would be me. My advice is to keep hodling your eth. If you will sell it now then there is no going back. You are not going to get back your money. You should keep hodling it.

You are not losing anything as long as you are holding the ethereum,because the volume is still intact and it will only changed after selling them at the lower value

Ethereum is really not my coin anymore since the moment it became a materials for scamming by the ICO dev,its platform is rampantly uses by this criminals that help losing the ethereum popularity

Its very simple just say what is the truth and accept what ever happen because in the beginning its your fault,  right? so you must be ready to accept all the consequences of your action.

Sorry first I think you do not learn well, you put yourself in in your own risk, we are here in crypto to learn well how got better life of living house are very important things in our lives to got decent life.
But don't be buttered just stay calm and focus to find the solution in your problem to tell your wife the truth, and do not sell your investment wait the stable of the coin market.                                                                                                                                                                                

It is not a good decision for you to buy ETH by mortgaging your house to others. Investment is wise if you have extra saving money after maintaining your family. However , it is not wise to sell ETH now at low price. You can hold until you are in profits. You can tell your wife by many techniques with soft tongue.

You have a very sad story buddy and am sorry for your lost too. But I don't think you have totally lost once you still have your tokens in your wallet and it has not been sold yet. I would encourage you to keep holding for a little while and wait for the market to rise again until it is close to your investment amount before you start selling.

This is a very difficult thing to deal with. I have seen it more than once. Many people are investing in such ventures without telling their wives. Therefore, even if the losses have already occurred, you should bear the burden yourself. Remember, we are all men！

Maybe the truth is, there's a little bit of loser in all of us but only solution is Be patient.Don't worry about your wife if she really loves you truly she will definitely understand your situation and she will help you to get rid of it and  remember one thing you still have hopes and  "Where there is a will, there is a way" stay happy and good luck....  :) :) :)

I'm gonna spare you the judgement on how smart your decision was, not because you don't deserve to hear it, but because I know you've heard it enough.
Good news is that ETH is seriously underpriced because of EOS and other ICO-s dumping, newer ICO-s are getting less money so its long term price is not under the same threat.
I think it will rise in value soon. 800 is too optimistic but selling now would be the absolute most tragic conclusion to the story I can imagine.

I would sell half of the ETH and buy other coins, just in case ETH does not do well in the next bull run, you already have taken a big risk, bailing out now could be a worse decision. but also be prepared as it could take 2 years or so until you can sell your ETH for a better price. if ever.

Good luck.

Just hold them until it go up again and then maybe sell half :)

I will advise you start swing trading some of your holding, instead of daily watching it without any actions. Telling your wife won't be a bad idea, if she is an understanding person, if she won't pick offence. I have some silly mistakes in this space I shouldn't have made. Well I still keep on pushing. Whenever there is a will, there will be a way.

You are always advice to invest only what you can lose in cryptocurrency due to the fact that the cryptocurrency market is always volatile and can change at any time, don't get carried away by the price of the currency at a particular time cause it can change in the next minute. But my advice to you is to continue to hold cause you can only lose when you sale below the price.