Well I think It very well can go down as it can also go up, a lot.
I am not as sure as you guys that this is going to moon soon or again follow the last big rise (200 to 20k)
It is not even about btc itself.
There is too much happening at the moment and we may find ourselves in the middle of a world war soon.
Risk management is the only thing I care about and for me bitcoin is a risky asset. It is experimental tech. We all know that don't lie to yourself. I know it solves a real world problem, I know it is a great tech but it is also risky. No way I can flash %50 of my networth right after I took a big hit. Nope that's not happening.
Typical no coiners try to justify their actions, and talk BTC down, and point out as many negatives as they can, while trying to show themselves as objective.
I know that's not how you get rich but my original plan was never about that too.
I have heard negative stuff out of you previously, too, but I suppose it is somewhat easier to talk negative bitcoin stuff when you don't have any coins.
My original investment plan was reaching half a million usd. (that's more than enough for me to retire.)
Sounds like a very reachable goal..
The more I spent on btc I also raised that cap to a million. Because, why not? More is better right. wtf. That was a bad sign and I also ignored it.
Exactly, your mind was melting, and maybe you did not even realize it. Good thing you got out of bitcoin before your mind melted some more.
Greed & gambling. These don't work well on me. I am not strong enough. Worked well for most of you in the past and that's great.
Gotta do the greed and gambling in moderation.
Of course, greed can be characterized as a negative or as a positive. As a positive, greed is merely just framing things in such a way that activities that are in your control directed in a way that is to be in your self-interests.
I already addressed this gambling issue in an earlier post, but surely, if you align your view of probabilities up, then you try not to bet against the probabilities, but just have realistic expectations, except maybe every once in a while you might just gamble a little here or there, as long as most of your life is secure, then you should be able to gamble with some aspects of your life that you don't mind if you lose or not. For example, maybe in a card game with friends you might play for quarters rather than for $100s of dollars...keep the gambling part funzies rather than a central aspect of life.
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