I AM HODLING

[gentlemand]

I never really why these people sell at a loss. It's easy to see the potential for bitcoin to get back to its previous high and even further, but people just need patience so I agree and think it's silly selling at a loss. I'd rather take the gamble and hold for mega profits in the future. These people will be kicking themselves if bitcoin goes to the moon again.

Emotion is an extraordinarily powerful thing. The best traders have conquered it and that's what they feed off in the markets. History is littered with people who gave up at the lowest moments.

The BTC market must feel like a gift from heaven to the pros because I'm sure it's many a holder's first dabble in any type of trading. They would be like lambs to the slaughter.

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[jubalix]

this is actually a very good point....the halving allow less dump from miners.....a balance has to be I suppose that the cost to secure the blochain has to be high enought o make it hard to be arbitrarily taken over. So even though that fugure may seem high whats the value proposition. Eg cash handleing and banking costs per day for the proportion of displaced business.

my back of post card calcs say there about 1 million bank branches in the world....and they probally cost 1 mill each per year to run. so $38 perday per bank branch is not so much.

If I am out by and order of magnitude then $380 bucks per day seems ok as well per bank branch.

Do i think btc can take a good percentage of bank and related costs for money handling probably.

of course this is where POS comes in and high value backbone, so peercoin may be the answer here, where mining = 0$ or near that.

[cellard]

I never really why these people sell at a loss. It's easy to see the potential for bitcoin to get back to its previous high and even further, but people just need patience so I agree and think it's silly selling at a loss. I'd rather take the gamble and hold for mega profits in the future. These people will be kicking themselves if bitcoin goes to the moon again.

Emotion is an extraordinarily powerful thing. The best traders have conquered it and that's what they feed off in the markets. History is littered with people who gave up at the lowest moments.

The BTC market must feel like a gift from heaven to the pros because I'm sure it's many a holder's first dabble in any type of trading. They would be like lambs to the slaughter.

Temptation will kill so many holders that have a long ter mindset, we are ahead of so many lucrative bubbles that statistically, most (and I hope im not one of them) will sell way to early, when we think we sold at the top.

[gentlemand]

Temptation will kill so many holders that have a long ter mindset, we are ahead of so many lucrative bubbles that statistically, most (and I hope im not one of them) will sell way to early, when we think we sold at the top.

Nothing wrong with taking out an amount that feels satisfying at the time. Life is short. Waiting around until you're 75 to max your gains is the wrong move.

I guess the best thing is settle that figure in your mind, keep back a certain amount of coinage back just in case and take the plunge at the right moment.

[jehst]

I don't think there will be a "top." Over time, the supply of fiat currency will keep growing faster and faster and bitcoin's supply is going to grow slower and slower. And bitcoin will become more and more useful.

But as gentlemand said, we can only live so long. If bitcoin goes to 10k within the next 6 years, I'm not going to hold on to every coin waiting for 100k per bitcoin before I start buying things.

[Amitabh S]

I'm seriously thinking of unhodling a few bitcoins. Looks like another roller coaster ride is coming.

[tyrexs]

im choice to holding bitcoin and see what happen with bitcoin price. if still stable price, i will sell my bitcoin and maybe not help for bitcoin grows in the future

[BlindMayorBitcorn]

I'm seriously thinking of unhodling a few bitcoins. Looks like another roller coaster ride is coming.

*edit* need a good sized picture of just girlfriend from the boyfriend girlfriend memes. could put them all togather and it would be quite hilarious.

[HarHarHar9965]

HODLOR! HODLOR!

GAMES OF THRONES REFERENCE. NICE. I like this post and how the guy has taken the efforts to write down his shit and express his emotions while having his whiskey. Accepting things which no sober man would, I did have a smile on my face while going through his writings on his moments of despair. The best line however would be,'Sue me...only if it is payable in btc'.

[usairx]

Still HODLING strong (not that I have any choice to do anything else).
I've been buying for 18 months now but because I bought a fair chunk when the price was like 500-600 USD there's no way I'm doing anything except HODLING for the forseeable future, no way am I willing to sell anything at a big loss.
Calmly HODLING for as long as I need to.

Exactly. True believers don't care, they just watch their wealth grow over the years (not days).

[JimboToronto]

Still HODLING strong (not that I have any choice to do anything else).
I've been buying for 18 months now but because I bought a fair chunk when the price was like 500-600 USD there's no way I'm doing anything except HODLING for the forseeable future, no way am I willing to sell anything at a big loss.
Calmly HODLING for as long as I need to.

Exactly. True believers don't care, they just watch their wealth grow over the years (not days).

Don't tell that to the fanatical trading cultists.   

[WeGotCactus]

My HODLer's chart, showing dates I've loaded up and DCA. Exciting to be nearly in the black after so long!

https://www.tradingview.com/x/nezk5TeI/

[ivanst776]

The one thing that I can't figure out, as a hodler, is what to do during the euphoric buying phase. It seems like a good time to sell, on the one hand, and yet Bitcoin is still so far from its full potential on the other.

[BitChick]

The one thing that I can't figure out, as a hodler, is what to do during the euphoric buying phase. It seems like a good time to sell, on the one hand, and yet Bitcoin is still so far from its full potential on the other.

Now is a good time to plan ahead. 

I believe that a good place to look for some advice on making a good plan is this classic thread: 

https://bitcointalk.org/index.php?topic=345065.0

[ssmc2]

The one thing that I can't figure out, as a hodler, is what to do during the euphoric buying phase. It seems like a good time to sell, on the one hand, and yet Bitcoin is still so far from its full potential on the other.

Now is a good time to plan ahead. 

I believe that a good place to look for some advice on making a good plan is this classic thread: 

https://bitcointalk.org/index.php?topic=345065.0

+1

Just remember-  buy low, sell high 

[Amph]

The one thing that I can't figure out, as a hodler, is what to do during the euphoric buying phase. It seems like a good time to sell, on the one hand, and yet Bitcoin is still so far from its full potential on the other.

buy more coin, all the way up, buy something like 1% of your saving for every new pump, if there will be a dump to the previous range you will lose only 1%

[ragi]

It's getting expensive to buy more now...

[erre]

I keep on hodling my coins, like an honey-badger 

[Denker]

It's getting expensive to buy more now...

In 3-4 years you will say buying at actual price was cheap!!
Just accumulate each month a bit.Instaed of smoking or drinking in bars for instance use that cash to buy fractions of Bitcoin.
Each bit counts!

[Denker]

I keep on hodling my coins, like an honey-badger 

That's the right way mate!