Damn that's pure madness going on. The worse part is, we will follow the same pattern as 2014, wich could lead to a price of 2k in the end of 2018 and could hover there till 2020. Same shit going on as 2014 where they pumped it to 1200 and then crashed all the way down to 200.
Starting to look like that....all the friends and relatives are 'piling on' that I am an Idiot..and that I should sell, sell, sell it all!
Luckily, (or unluckily depending on how low BTC and ALTS dump) ...I am essentially 'immune' to peer pressure on such...however...they are sooooo wound up about it
I may cause a couple coronary's among my friends... (hmmmm)
Anyway, back to my original plan ..which also drives them crazy
1) crypto allowed me to retire 3 years early (just turned 63 years) live the wonderful ghetto suburban bachelor lifestyle that I have (before retiring) aspired to...
2) I can have this same 'dubious' bachelor lifestyle ...should I go back to work....or if I simply used my 'traditional Edward Jones investments w/o issue.
3) or I can mine...use my ALT coins and even with BTC at under 500 USD and ALT's dumping worse...I STILL will be able to pull this off and cover private health insurance to boot!
Here lies my confusion... WTF does it matter if I take a flyer on crypto? I likely will be dead in say 25 years at best anyway...it is not like I'm gonna change my ways
or lifestyle at this point in my life anyway...indeed everyone should be telling me to HODL, HODL, HODL and make WILL...will be their only chance to gain off my crypto gamble.
Anyway, sorry for the rant...but hell, its ONLY money...I got other things to do with my life besides spending money I may not have, and if you have to say anything
about the crypto universe..it keeps you on your toes...and the brain pan working and is entertaining as hell....even in the slumps...
so hell, I decide to MAN UP and take some (looking at above) MODEST risk...and sh*t the world is ending...with this kinda clamor...I'll likely hold till tulip status out of spite!
anyway, end of rant...and again...it is that 1.5 billion USD hanging out there from mt. gox that is the cause of all this IMHO...if they have enough sold right now to pay
off the original investments and simply auctioned it off or better yet gave a 'percentage' under some kinda plan of BTC BACK to the mt. gox folk, IMHO MOST OF THEM
WOULD HODL...bang...back to 12k BTC again...but this sword of doom hanging over the market on when the trustee clown is gonna drop the hammer and panic dump...
is starting to p*ss me off!
(end of rant)
brad