Give me a reason to be alive
I know I should HODL and don't Panic. But, I am running out of fiat. all my investment in Bitcoin now and I am trying to be strong. It was not a good idea to invest all in. I should wait more and follow DCA Method. But, I didn't. At this moment, If I sell $100 to buy food, I will lose another $100. Give me a reason to be alive
Frequently, it is not easy to determine whether the line should be drawn in terms of "how aggressive" to be.
Of course, basic expenses should be figured out and held in cash or at least good ideas for cashflow and emergency funds if the cashflow dries up.. sometimes the cashflow dries up and other emergencies happen at the same time.
One of the BIGGEST difficulties comes with the earliest stages of BTC accumulation.. and then once you have a decent sized stash, then you can start to feel that you do not need to be as aggressive.
Surely, I can relate.....
Sometimes if you have already gotten yourself into a pickle, then one of the ONLY things that you can do is to just attempt to reassess.. and attempt to mitigate/minimize the extent of the damages... ride it out and to learn NOT to make that same mistake or anything too close to it in the future... yes. easier said than done because sometimes we do end up repeating some of our mistakes.. but hopefully we are learning along the way to make them less badly and that we have been able to preserve enough capital/principle that we have not lost everything (in other words we are starting over from somewhere rather than starting over from scratch).
By the way.. when investing into BTC, surely one of the most solid methods is DCA.. but that can surely be supplemented by buying on dips, and lump sum investing.. and of course, if you run out of money to just HODL...
Of course, if you really screwed up you might be forced to sell at times that are not of your own choosing, and that surely should have been what you were attempting to avoid.. by preparing for both extremes and also extremes that are beyond your expectations... again.. easier said than done sometimes.... takes a lot of practice and many of us screw up at various times and just hope that our screw ups are somewhat salvageable.
Another by the way.... some of us longer time BTC HODLers went through a lot of this in our early years (and sure some of us did not learn and we end up going through it over and over).. but I spent more than 3 years between late 2013 and early 2017 in which some portions of my BTC purchases were in the negative.. and part fo that time, large proportions of my BTC portfolio was in the negative.. it all worked itself out, but 3 years is a pretty damned long time to be having some of the frustrations of having fewer options because what you are holding is not profitable.. and I do not believe in selling anything that is not profitable - especially bitcoin and even though the BTC price was down during that time, I had decent levels of confidence that continuing to accumulate BTC or at least HODL were better choices than to sell any of it.. so I figure out ways to get money that I needed (wanted) during that time from other sources.
War is here, it’s not good but we will have the chance to buy very cheap bitcoin in the coming months I feel.
Who is ready?
I have large amounts of fiat, ready, let’s go!
Don't cheer for down.. it is not becoming even if you personally are in a good position for such.. if such down were to happen.
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