[edited out]
Fuck no. I started holding in late 2016 with a too little amount.
Well, I guess the best case scenario for normal peeps (meaning people with cashflow and some money in which to attempt to invest) getting into bitcoin would have been to have largely established a decent BTC position before 2017; however, we also know that some peeps are doing well if they were able to continue to invest into bitcoin before the August 2017 pump that came after the issues regarding the hardfork attacks on bitcoin (bcash) were mostly resolved in bitcoin's favor. I do understand that during early 2017 and even late 2016, there were a lot of ways that normal peeps could have been FUDDED out of buying into bitcoin, but if we had been in bitcoin since 2013/2014, then there should have been some ability to sort through a lot of the FUD and to continue to establish a decent BTC position inspite of the then ongoing FUD spreading (actually, a fact of the bitcoin matter, remains that there are periods in which FUD spreading is greater or lessens, but FUD spreading always seems to exist to some extent, so FUD spreading is not a phenomena that tends to go away, so in that regard each of us, has a personal responsibility to sort through that FUD crap).
Are you saying that in 2013, 2014, 2015 and much of 2016, you were not stacking bitcoin? Even if you had stacked a small amount of perhaps $100 per month ($25-ish per week), you could have stacked a decently sized BTC holdings by the end of 2016, no?
Then in late 2017 that little amount became a mid sized treasure.
That is true. Even though the start of the upsurge in BTC prices started in late 2015, it gained a lot of momentum throughout 2017, and especially in the last part of 2017. And even though I personally had concluded that a blow off top had not yet happened, it is surely possible that because of the intensity of the upwards slope increase, that late 2017 had constituted a blow off top. I am still inclined to believe that the blow off top for this particular cycle is still to come, but I acknowledge that the intensity of the late 2017 price rise could fit a more modest categorization of a blow off top assessment.
I used to invest %5-10 of my montly income till february or smth. Apparently, I needed much more than that.
Actually, each of us has to come to a calculation that suits our own financial situation, and my initial goal was to put about 10% of my total quasi-liquid investment capital into bitcoin, and that is money that I had already accumulated through previous years that I had been investing. My prior investing had varied through the years, too, and usually I attempted something like you, I would calculate my various regular expenses and try to create a cushion in my cash flow in order to have a percentage that would be available for investment, and surely 5-10% is a decent amount, but of course, different people have different things that they consider to be bare necessities, and so sometimes the amount invested could be increased by changing some of the perceptions of bare necessities.. and also calculating an emergency fund and various other good practices, such as maintaining a 6 month or so projection of living expenses in order that you would not have to dig into any investment, because of an "emergency."
So please wait some more
Perhaps you will get lucky? But, I don't think that you can expect bitcoin to wait for you. It seems better to just attempt to maintain a solid ongoing investment strategy, and your 5-10% seems reasonable... because the amount invested continues to add up, so over the years, you are still going to be in a better position than a lot of the fence sitters and the many others who have not set anything up for themselves or have not heard about bitcoin in any kind of meaningful way.
Why haven't I bought at least 20 when it was sub 1000?
I don't think that anyone could really blame you for being judicious with your money and investing only the amount that you reasonably had available in your cashflow. The only thing is that you seem to be implying that you could have reasonably and easily bought much more, but you held off such investment.
I guess I bought the FUD from the guys like fucking roach.
The main thing is learning from the situation, because there are always going to be FUD spreading roaches out there. I still think that you have to take into account some of the FUD, and to invest in accordance with your overall beliefs and a moderate approach is likely going to be best to keep putting money in to bitcoin but without over extending yourself.
Or maybe It was the post-Gox trauma... in 2015 many people thought that btc was going to "0". The amount of FUD was overwhelming back then. I was weak and in this world weak people dieeeeeee becuz evolution/adaptation.
Like I already mentioned, I think that there has always been FUD out there about bitcoin. I doubt that the FUD is going away any time soon.
Hopefully, you can find some kind of long term and sustainable investment strategy, and I hope that you do not get scared out of your coins if the price goes down from here. Certainly, there are no guarantees in bitcoin, and in that regard prices could go either way, so each of us needs to find balance for our own finances, views, timeline, etc. Ultimately, each of us also needs to attempt to take personal responsibility for our approach and to tweak our approach from time to time, based on ongoing learning from our mistakes, and seems that any of us could make mistakes.
Poll
