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Author Topic: I am a loser. My only question now is, how do I tell my wife  (Read 2021 times)
Al-e_x
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December 06, 2018, 11:06:15 PM
 #21

Today's market makes many people disappointed and pessimistic, including me and you. I buy small pieces of BTC when the price of BTC is $ 6000, if I sell it today, I only get a loss.

so, my choice is to hold it until bullish comes again, tell your wife, that we only need time for the bullish market.

you can follow my strategy.
Jackolantern
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December 06, 2018, 11:21:13 PM
 #22

Oh it is really very sad but you need to tell her everything, I think if she loves you then she will understand and will forgive you. I don't think that she will leave you only because of this

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a4techer
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December 06, 2018, 11:32:43 PM
 #23

That's  we could you take the risk in you life that you don't even know if you can make it earn or not. That was to hard to tell to your wife but sad thing is you need to tell to your wife for her to help you nor she mad on you. Yes your are right don't  easily sell your coins keep holding and for sure the value will rise again be patient take a risk and wait.
Renal
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December 06, 2018, 11:46:09 PM
 #24

in my opinion you are not a loser but you have to be more patient in holding your coins like ETH especially the market situation that until today is not stable, my advice is to hold your coins until the market price is fully recovered so that you can sell your coins right away and you will not feel a loser because you have benefited.
yecats
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December 06, 2018, 11:47:15 PM
 #25

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.

The best  thing  to do is  tell your wife   the truth   Smiley   lesson  learned  you have to make  wise  investment  Smiley   if  you can't  sell eth  you have to hodl  it unti   you have the chance to  sell it.
Biscutard
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December 06, 2018, 11:56:10 PM
 #26

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.
What a very big mistakes using your own property for the sake of investments in cryptocurrency. You should never use a borrowed money to use as an investment, because the risk is very high specially if you don't know how the market works. It's like gambling, you bet, you may win but sometimes you may lose.
qtronix
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December 06, 2018, 11:57:12 PM
 #27

That you mortgaged the house was a big mistake. Therefore, everywhere they say that investing in crypto is a big risk and you can never invest more than you can lose. But you can leave your ether and wait for the market to recover.
bitfocus
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December 07, 2018, 12:31:46 AM
 #28

You mortgaged your $300,000 house, to get ETH. now lets observe a few things:

1) You are promoting a service in footer "denarium"
2) After June 12, 2017, you just came back to post here on December 06, 2018

just tell me, who advised you to invest in ETH mortgaging your $300,000 house? And why you jumped in a market that you have no idea about?
seoincorporation
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December 07, 2018, 12:37:34 AM
 #29

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.

Damn, what a history, i'm sorry about that, looks like you apply the 'Go big or go home' but in the way you fucked up hard. The only thing to do now is to hold and pray.

Your wife will get mad and really angry with that news, so, i would recommend to lie, tell her you but ETH but got scammed and lost all, i know, i know, lie is bad but think about how happy she will be when you tell her you to recover the ETH and the scammer is now on jail... After that comes the bad news about the market crash, but she will take it as not as terrible news.

I think this is the smart way to play it with the intention to conserve the relationship, you already lost the house, play it smart or you will lose your wife.

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coinsycrip09
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December 07, 2018, 12:41:34 AM
 #30

i do not intend to say you are a loser, i am also concerned about your current situation. indeed at this time it was very difficult to find a way out, there was no other way but to keep holding it.

indeed there are some conditions that make a person a loser, but in your current condition i think you are not a loser. You are only the head of the family, but i think you are too brave to mortgage your house for something very risky. just hope that next year the market will pump and your house will pay off.
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December 07, 2018, 12:52:00 AM
 #31

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.

sell your kids and buy big on Bitcoin
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December 07, 2018, 12:57:42 AM
 #32

still hodl, etherum prices will definitely rise again. let's just say your decision is a big investment that can make you make twice as much profit.
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December 07, 2018, 01:04:16 AM
 #33

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.
however, you have already made the decision to mortgage the house to buy ETH. I want to invite you to solve the problem in a way, you must immediately work hard and sell half the ETH that you have with the aim of paying instalments for the next few months. and half of it you can hold and hope that ETH can rise in the future.

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December 07, 2018, 01:10:27 AM
 #34

The truth is, your profits is not yet this time, you have to wait until the markets get recover, just keep hold and wait for the pump. And for about your wife, tell her the truth that you montage your house for ethereum, and you have to wait for the pump. I am not sure when it wilm but it will surly come.
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December 07, 2018, 01:15:17 AM
 #35

I think yes you are loser, your decision is so bad, But dont give up, you can through it

we know cryptocurresny is unpredicted, So dont sacrifice the the obvious thing to an unpredicted thing. You do this because in your mind only profits.. That's why we must think clear, tell friend, sharing information, not just think about profits. Just HOLD it because your money not gone, if Eth's price goes up your money will come back.

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December 07, 2018, 01:44:09 AM
 #36

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.
You're in a wrong move mate where you hide it with your wife..because what i stand for is that every decision that involves big risk both of you must know it and both parties will decide it.Cryptocurrency investments is a big risk and what you risk is your house inorder  to buy eth.I think you must need to tell her,no matter how she will react,its as good as the truth will set you free.Yes you can sell your eth though the price is falling but leave something to hodl and have patience to wait for the next bull run.
Just my opinion mate.
Number6
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December 07, 2018, 02:57:17 AM
 #37

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.
however, you have already made the decision to mortgage the house to buy ETH. I want to invite you to solve the problem in a way, you must immediately work hard and sell half the ETH that you have with the aim of paying instalments for the next few months. and half of it you can hold and hope that ETH can rise in the future.

Stupid advice, he bought $300,000 worth of ETH when it was at $800. Now ETH is $80 so if he sold it all he would only get $30,000, if he sold half he would get $15,000.

OP, best thing you can do is tell your wife. Also at this point there is probably not much point in selling as we can't go much lower, at least relative from your $800 to $80 loss you already suffered.

I would get a second job or work extra hours or something to make your house payments. Maybe talk with the bank for an Interest only loan for maybe a year or so to see how the market pans out.

I am sure given enough time ETH will rebound much like BTC did back from its 2013 high then crash in 2014-2015. Took a few years though, so you will need to make plans to ride it out possibly until 2020.

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December 07, 2018, 03:46:49 AM
 #38

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.

Expect to be savagely battered with the frying pan.

No point in selling now. Write it off, forget about that ETH. Fix your life and if the crypto gods like what they see, they will reward you someday.
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December 07, 2018, 03:58:40 AM
 #39

I mortgaged my house to buy $300,000 of ETH at 800.   I dod not tell her.   This house was paid off in full.  Now I cant make the mortgage payments with my job.  I cant even sell the ETH easily because I live in NH.   Should i keep holding?   Tired of making excuses about wherr all the money is going.   I guess I'm what you call a loser.   Thanks everyone.

That's too much and it will cause so much anxiety because Eth coin still dropping and we still don't know how low will it goes down, no one doesn't want you to be in your shoes, and I don't want to give you will false hope that you can recover your investment it's time to talk to your wife about this but this is just a recommendation.
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December 07, 2018, 04:13:43 AM
 #40

you are not a loser because price of what you bought went down.

you are a loser because of two things:
1. you invested more than you can afford to lose, and worst of all you invested money that didn't even belong to you. you basically borrowed money to invest.
2. you invested without doing research and worst of all you entered a market that you had no  experience in. for example would you jump in the ocean if you don't even know how to swim? then why would you invest in an altcoin when you don't know what pump and dumps are?

right now your only option is to cut your losses and possibly even dump ETH that you have been hag holding all this time down to below $100 and next time try to educate yourself and use this bad experience to not repeat it again.

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