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Author Topic: I AM HODLING  (Read 795456 times)
dinofelis
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January 09, 2015, 03:58:12 PM
 #1661

So sad.. many people in this thread are going to learn a hard lesson. Buying more coinz now is nothing short of wild gambling.

Eh, bitcoin IS wild gambling.  It is like buying tickets of the lottery.  A very very high chance that you lost your money.  But a very small chance that you will become very rich.  What's wrong with buying a few lottery tickets ?

Of course, you must realize that it IS buying lottery tickets, that is, with a very high chance of them being worth nothing.  So you must just use a small amount of money that you will consider totally lost.

But if it has a 1% chance to go to $ 100 000,- (15 years from now), then there's nothing wrong with gambling $300,- on that, no ?
It still means that you have an overwhelming 99% chance that you've lost your money.

If $3 000,- are nothing important to you, what's wrong with gambling that for 10 coins ?  If ever it works out, you're a millionaire !  If it doesn't (which is most probable), you've only lost the $ 3 000,- that didn't mean much to you.
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dinofelis
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January 09, 2015, 03:58:45 PM
 #1662

Daddy, what does regret mean?
Well son, the funny thing about regret is,
It's better to regret something you have done,
Than to regret something you haven't done.

INDEED.  Funny that YOU say so !

When my father died recently, my biggest sadness was about so many things that I didn't do.  Not about one single thing that I did.
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January 09, 2015, 03:59:15 PM
 #1663

Both bull and bear will eventually get slaughtered.
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January 09, 2015, 06:15:15 PM
 #1664

Daddy, what does regret mean?
Well son, the funny thing about regret is,
It's better to regret something you have done,
Than to regret something you haven't done.

INDEED.  Funny that YOU say so !

When my father died recently, my biggest sadness was about so many things that I didn't do.  Not about one single thing that I did.


Sorry for your loss Dinofelis.   Sad

On that subject, I read once that a common regret that people have had on their deathbeds was that the regretted not taking more risks in life.  I have tried to take that to heart and it has led to some great experiences for sure.  Some may have been seen as "foolish" such as when my husband and I decided to start our own business only to flounder at it for a few years.  But even then we learned so much through that experience and my husband was able to stay home with us more when the kids were young (he was traveling way too much and gone for weeks during the year.)  We wouldn't say we regretted it though and now we can say that we at least tried.  I think those experiences open up our world view and we become even greater risk takers.

It seems in my experience the greatest entrepreneurs in the world have one thing in common, they all were not afraid of taking risk.  And with Bitcoin we the luxury of risking a very small amount.  We don't have to invest more than we can each determine we can afford to lose so really it is one of the greatest opportunities some of us have ever had to be involved in.   This kind of investment with the opportunity to see the kind of rewards that we have potential to see down the road is not often open to those of us with very little capital or cash funds to begin with.  VC's often get the opportunities to get in on the ground floor of some great companies, but by the time the "rest of us" get a chance to invest the true "bubble" or growth period has been achieved.


1BitcHiCK1iRa6YVY6qDqC6M594RBYLNPo
Bagatell
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January 09, 2015, 06:23:46 PM
 #1665

This kind of investment with the opportunity to see the kind of rewards that we have potential to see down the road is not often open to those of us with very little capital or cash funds to begin with.



Very true but I think the richest rewards won't be the financial ones.
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January 09, 2015, 07:15:33 PM
 #1666

So sad.. many people in this thread are going to learn a hard lesson. Buying more coinz now is nothing short of wild gambling.

Eh, bitcoin IS wild gambling.  It is like buying tickets of the lottery.  A very very high chance that you lost your money.  But a very small chance that you will become very rich.  What's wrong with buying a few lottery tickets ?

Of course, you must realize that it IS buying lottery tickets, that is, with a very high chance of them being worth nothing.  So you must just use a small amount of money that you will consider totally lost.

But if it has a 1% chance to go to $ 100 000,- (15 years from now), then there's nothing wrong with gambling $300,- on that, no ?
It still means that you have an overwhelming 99% chance that you've lost your money.

If $3 000,- are nothing important to you, what's wrong with gambling that for 10 coins ?  If ever it works out, you're a millionaire !  If it doesn't (which is most probable), you've only lost the $ 3 000,- that didn't mean much to you.

You should not go all in in Bitcoin in any case, there are a few other promising options in the crypto world (not much tho).
Bitcoin has the network effect which is really important, but intrinsically it can potentially be deprecated by up and coming projects.
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January 09, 2015, 10:04:51 PM
 #1667

This kind of investment with the opportunity to see the kind of rewards that we have potential to see down the road is not often open to those of us with very little capital or cash funds to begin with.



Very true but I think the richest rewards won't be the financial ones.

That's true, in the end I would be happy if bitcoin succeded even if I would only learn about it in 2020 and never invested a penny before.
However, there's nothing wrong with wishing to get rich with it in tbe short term Smiley
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January 14, 2015, 06:53:14 AM
 #1668

This kind of investment with the opportunity to see the kind of rewards that we have potential to see down the road is not often open to those of us with very little capital or cash funds to begin with.



Very true but I think the richest rewards won't be the financial ones.

That's true, in the end I would be happy if bitcoin succeded even if I would only learn about it in 2020 and never invested a penny before.
However, there's nothing wrong with wishing to get rich with it in tbe short term Smiley

Why are we in despair phase? YOY we are still up
Morecoin Freeman
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January 14, 2015, 06:55:15 AM
 #1669

I'm thinking about selling guys. Undecided
Please convince me not to sell!

Ask the stranger he knows who you really are.
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January 14, 2015, 06:56:29 AM
 #1670

I'm thinking about selling guys. Undecided
Please convince me not to sell!

they don't give a shit about you.  Save yourself first man
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January 14, 2015, 07:00:09 AM
 #1671

I'm thinking about selling guys. Undecided
Please convince me not to sell!

they don't give a shit about you.  Save yourself first man

Right, the distribution of coins have begun, this is the most interesting part. You will see what you need to see. Indeed, the distribution was necessary for the Great Game to begin.
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January 14, 2015, 08:38:54 AM
 #1672

Hodl strong and distribute coins!

ethought
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January 14, 2015, 09:01:14 AM
 #1673


On that subject, I read once that a common regret that people have had on their deathbeds was that the regretted not taking more risks in life.  I have tried to take that to heart and it has led to some great experiences for sure.  Some may have been seen as "foolish" such as when my husband and I decided to start our own business only to flounder at it for a few years.  But even then we learned so much through that experience and my husband was able to stay home with us more when the kids were young (he was traveling way too much and gone for weeks during the year.)  We wouldn't say we regretted it though and now we can say that we at least tried.  I think those experiences open up our world view and we become even greater risk takers.

It seems in my experience the greatest entrepreneurs in the world have one thing in common, they all were not afraid of taking risk.  And with Bitcoin we the luxury of risking a very small amount.  We don't have to invest more than we can each determine we can afford to lose so really it is one of the greatest opportunities some of us have ever had to be involved in.   This kind of investment with the opportunity to see the kind of rewards that we have potential to see down the road is not often open to those of us with very little capital or cash funds to begin with.  VC's often get the opportunities to get in on the ground floor of some great companies, but by the time the "rest of us" get a chance to invest the true "bubble" or growth period has been achieved.



Well said!

I am hodling...
ravenjt
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January 14, 2015, 09:09:07 AM
 #1674

Well said!

I am hodling...

I am amazed that you can all sing the praises of the OP's position. Admittedly funny, but quite possibly the worst investment decision that has ever been made by any one, ever. He decided to hold at the peak of the bubble, and we are now down a good 80%!!!
His investment would now be worth five times more if he 'SODL'ed.
And you worship this like it was one of the ten commandments.
Nuts.
Bagatell
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January 14, 2015, 09:14:03 AM
Last edit: January 14, 2015, 09:24:10 AM by Bagatell
 #1675

He decided to hold at the peak of the bubble, and we are now down a good 80%!!!

Really? Which peak? OPs seen a few.

edit oops wrong thread. Embarrassed
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January 14, 2015, 09:14:17 AM
 #1676

Always hodl, never sodl

cbeast
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January 14, 2015, 09:22:24 AM
 #1677

Always hodl, never sodl
Maybe a little tradl.  Wink

Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
tabnloz
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January 14, 2015, 09:26:26 AM
 #1678

I'm thinking about selling guys. Undecided
Please convince me not to sell!

Bro, if you are selling you aren't reading the game right.

The shorters are playing and winning.

The traders are rustling jimmies like we've never known, the chart looks like a giant block of steps.

They want support levels beaten, companies going tits up, panicked people selling and cold wallets being burnt at the alter of despair.
bitpop
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January 14, 2015, 09:30:03 AM
 #1679

Always hodl, never sodl
Maybe a little tradl.  Wink

No tradling! Or you get goxxed!

xDan
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January 14, 2015, 10:17:12 AM
 #1680

I'm thinking about selling guys. Undecided
Please convince me not to sell!
sell sell sell!

If you have the slightest itch or urge or thought that maybe you should sell... Then perhaps now is the time? It's what everybody else is doing, right?! *

Let's reach the despair phase already.

* do not consider this investment advice.

HODLing for the longest time. Skippin fast right around the moon. On a rocketship straight to mars.
Up, up and away with my beautiful, my beautiful Bitcoin~
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