I actually want him to answer.
Fair enough.
I've been around. I suffered a lot during the last 3 to 6 months, as all my holdings were in assorted alts, and everything crashed together with BTC.
I know the feeling, if things are not going well, sometimes you have to get matters sorted in your head before you are ready to share.
I did not want to say anything for months when my phone got force ported in early 2017 (and BTC hacked), and there was some ongoing nature to the matter too, because the hackers continued attempting getting into accounts with information that they had initially acquired.
Also, BTC has not gone unscathed in this whole crypto crashing situation that we are still in, so just HODLing causes losses, but there are certain actions such as trading or leveraging that could have made the situation even worse, so the part of dealing with loss is certainly understandable and relatable in general ways, even when your specifics are particular to you.
To the point, I'm now entering the "normie" world, working a "normie" job, as I refuse to sell any coins I still have.
Good thing if you are capable of working, and surely the more skills you have, then that can help get more remuneration (which is not always the case, either).
I lost some too, to two exchanges that recently died. Perfect timing. One is in New Zealand, the other is in Canada, you can guess which two exchanges, they were all over the news 1 week after I sent them some coins to try to cash out.
Surely not a good thing, but part of the risk of dealing with exchanges. Coins that I lost in early 2017 were on exchanges, and it seems pretty solidly likely that I even lost some more recently with the WEX going incognito situation.... risk of keeping some coins there (I thought that I was supporting them by keeping some coins there, but not to the extent of actually wanting to give up my coins to them... those fuckers.).
My formerly unrealized potential 50 BTC ... (that's all I really had) is down to ... well 90% "disappeared" ...
Yes. So that is worse than just losing 85% of the value of the account by depreciation, which is what many of us have experienced, even if we acquired more coins with the price going down, there are many situations in which the overall value of the holdings still is in quite a large negative territory, relative to where it had been while we were in the supra $10k prices.
One positive aspect, Dabs, is that you clearly already recognize the value of BTC and its upside price potential, so in that regard, as long as you continue to attempt to both HODL and accumulate, then you will likely be better off for attempting such self-discipline, with whatever you are able to muster up - even if you are only able to buy $5 worth of BTC a month or something like that.
By the way, in early 2015, I had some cashflow issues that related to the behavior of a non-BTC business partner (quitting on me), and caused me an inability to buy any BTC for nearly 3 months. And, yeah, that was coincidentally during the BTC low prices of that period, and after I sorted out some of the cashflow and the business and put out some of the fires, between about April 2015 and October 2015, I was only able to actually buy small amounts... for fuck sake, but some of those seemingly small purchases of between $5 and $50 worth of BTC in the mid $200s added up to decent amounts of BTC, these days (between $5 and $50 would have been .02BTC to .2BTC, respectively).
But the time traveler, and a bunch of "bitcoin global road map" posts I read before, I'm pretty optimistic about the future. And I still have two bars of silver, LOL. (Didn't get gold yet.)
Fine about brainstorming ideas, but fuck gold and silver. NO need to put much value in those old world materials. hahahaha
I was one of those few living on crypto.
Experience-wise, that part is good, but now it sounds like you may not have been taking adequate protections. In other words, perhaps you were spending too much with your "living on crypto" attempt.
2 months ago, I set myself up to do the trading of these alts to btc to fiat and back and forth, and it was a good run for about 9 months.
Part of the problem with that is that almost anyone and their dog can make money in a bull market of the type that we had experienced in 2017.
Now it's no longer sustainable. I think I read in the news at least two or three foundations of other alts that are either downsizing or simply disappearing, or asking another team to take over. I felt it on a personal level.
Sure. A lot of this continuing to go on in the crypto space, and the million dollar question continues to be the extent to which the continued bleeding of alts and other projects is going to continue. Currently, it seems that the vast majority of "experts" in the studying of cryptos space seem to believe that there is a decently long additional period in which more bleeding has to take place - because peeps in crypto are still too happy and still too optimistic. I am a bit torn on this kind of framing of an "alts gotta die" condition precedent, at least at this time. In other words, I can also see scenarios in which the market starts to reverse before going down, even though I recognize that the odds seem to be against such scenarios.. another way of just saying that we remain in a bear market in bitcoin and in other cryptos, too.
And as much as I don't want to beg, any help is appreciated. I was almost afraid of going homeless next month. True story.
HODL to the death.
Hopefully, you can figure out a way to sort out your finances, and if you have to go homeless for a short period of time, that it would be in a warm climate or at least in an infrastructure that would cause that only to be a temporary and quick transitional state that allows you to get back on your feet and learn and reorganize from such such pending possible situation.
By the way, I do believe that you have to balance situations, and of course, you don't want to get into a situation that you have to sell some of your BTC, but sometimes, that might be the only intermediate practical step.
Currently, I am think that it is going to be pretty likely that I will be taking some BTC with me when I die, but ideally would be to spend every last satoshi by the time I take my last breath, and second best scenario would be to be able to bequeath anything that I happen to have by then (hopefully not too much, by then.. hahahaha).
Poll
