Always be future looking like the markets.
What’s done is done. You could have, you would have, should have done that, done this… but you didn’t. However you are still alive and hopefully you’ll still have many years ahead which means you can still do a lot of things for your future.
Instead of whining like a little girlie and wasting you precious time, maybe you should start doing what is necessary to be done.
You don’t even necessarily need to invest in crypto. It is not the only game in town. Real estate, stocks, bonds, commodities, forex, gambling (not recommended), starting your own start-up, having a high paying job, educating yourself… any of these may help you with reaching your dream life.
Let's not get too distracted in terms of devolving into talk about shitcoins, so let's just try to stick with bitcoin for now.
Sure, I can concede that there are other investments out there besides bitcoin - however, this topic relates to OP deciding to sell all of his bitcoin in late 2015 and then fail/refuse to get back in. I think the topic relates to whether or not OP (or someone like him) should get back into bitcoin, and if so how much to get back into bitcoin?
Let's not lose the topic.
What do you say? should he stay on zero and go and invest in all of those other things, or does bitcoin have a possible place in his investment package?
You and I already know (and we have been around the block long enough) to realize that there is likely something special about bitcoin; however, you also might be suffering from the same issue as OP and also the same issue that goldrushed2 seems to be suffering. Sure each of you likely seem to appreciate bitcoin in your own ways, but you seem to also share issues about getting distracted into investing in other assets (perhaps shitty assets?) as well.
What's your bitcoin focus and what is going to be your bitcoin allocation and accumulation strategy? Do you have some amounts that you would like to aim to accumulate that is somewhat personally tailored? and how long are you going to take to reach your accumulation targets (if you are even bullish enough about bitcoin to even appreciate that there is value is creating a BTC accumulation strategy whether it is somewhere between 1% and 25% of your total investment portfolio or some other way that you might have to frame your accumulation target level.
So, let's not get distracted. Do you agree with some of OPs latest posts in which he seems to be complaining about his mistake and then just walking away from bitcoin completely? Do you agree it is a better strategy just to invest in something else in the event that there is too much seeming psychological pressures to buy BTC? as you seem to be suggesting? One of the psychological barriers that OP seems to struggle with (and it is shared with a lot of folks who sell too much BTC too soon), they seem to have psychological difficulties (barriers) in buying BTC at a price that is inevitably going to be higher than the latest sales of the BTC.. and for OP that is $500.. and if he keeps waiting for prices to go lower than his sales price, it is almost impossible to get there.. just like it might well not be very likely that we are going to get prices lower than our current prices ($19,600-ish) or even $17,593 (the local low from June 17) or to get as low as various prices below $13k or so that some people seem to be expecting but may well not happen..
So if some of those lower BTC prices may or may not end up happening, there should still be ways to develop strategies to buy and accumulate BTC in ways that are prudent and reasonable for the buyer, especially if we are considering being able to hold the investment for 4-10 years or more into the future? do we do $100 per week? or maybe even a more slimmed down budget of $10 per week so that we do not end up panicking or having psychological pressures about it?
You, yourself, likely realize that psychological pressures of over investing, and so I am not even disagreeing that goals to alleviate or to minimize psychological pressures are not bad goals to have - but I will think that it is way the fuck better to get the fuck off of zero (we are talking about BTC here not shitcoins and not other investments that can be made). so let's focus regarding how much to do and what kinds of strategies to employ to build up the BTC levels in such a way that does not cause too many psychological pressures.. Can you work with that framework mindrust? Are you able? OP seems to have given up, and goldrushed2 seem to have gone into disingenuine mode with his various suggestions that there are issues with bitcoin.. but still should largely ONLY get us to how much to invest rather than NOT investing into bitcoin.
maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.
Everything has passed. And those who regret will be motivated and not waste it again in the future, because bitcoin still has a very long way to go that will most likely continue to improve.
indeed holding it for the long term is a very good option, but it would be better if you buy every drop to make a purchase or do a DCA to grow its holdings so that in the future or when the price goes up high you will get bigger profits, even make you rich .
regretting what happened without changing it or not planning for the best is pointless, and we all know the traces of bitcoin's ups and downs that eventually bounce back and continue to climb higher.
And most importantly have strong patience and also don't panic which will produce satisfying results.
I agree with everything you say bitzizzix; however we also have to keep in mind that there are no guarantees that the BTC price is going to continue to go up... even though the odds are quite great that bitcoin will go up forever, and bitcoin does seem to be amongst the best of the assymetric upside bets that is widely available to everyone... just a matter of how much to allocate into it.
maybe this is one of many stories about losing Bitcoin in the past, and regretting what happened to Bitcoin today,
from the many stories I read and learn, the value of bitcoin is constantly increasing, it is better to make long term investments, and if there is no essential need in life, it is better to hold and sell when you have had enough.
Everything has passed. And those who regret will be motivated and not waste it again in the future, because bitcoin still has a very long way to go that will most likely continue to improve.
indeed holding it for the long term is a very good option, but it would be better if you buy every drop to make a purchase or do a DCA to grow its holdings so that in the future or when the price goes up high you will get bigger profits, even make you rich .
regretting what happened without changing it or not planning for the best is pointless, and we all know the traces of bitcoin's ups and downs that eventually bounce back and continue to climb higher.
And most importantly have strong patience and also don't panic which will produce satisfying results.
The life is full of regrets. If you hear about an opportunity and refuse to invest and the opportunity turns out to be good, you will regret. If you also hear and opportunity and invest and the opportunity is scam you will regret. If you bought bitcoin with small money when you had big money then, you will regret. If you bought with big money and sold them all because you don't trust yhe system, you will regret. That is life and we have to take it that way.
There are ways to build systems in order that you do not have as many regrets, so having too many regrets seems to be a bit of a personality problem.. even though sure, regrets exist and a lot of kinds of regrets exist too (as seems to be your point rby)...
I personally find it much more difficult to have regrets if you figure out a way to invest into something like bitcoin in a kind of modest way.. and if you invest in a modest way, then you can continue to study the space, and if the investment does not end up working out, then you should not be having regrets about having had made a modest and then reasonable investment... and of course, the strategy of going from whimpy to modest to aggressive can also change with the passage of time, but we also need to attempt to put into practices in which we are prepared for the BTC price to go up or to go down and we are prepared in either direction in order to attempt to lessen the amount of regrets (even if we cannot necessarily completely get rid of all possible regrets).
Honestly I am pretty much in the same boat with OP give or take. I worked in a lot of different jobs in crypto since 2014, and even though I didn't invested at the time, I earned a lot, I earned over 50 bitcoins selling gunbot at the time but bitcoin was like under 10k most of the time, and I got them like in 100-200 dollars patches most of the time. So all in all, I could have owned tens of millions of dollars if I didn't spend them. Yet I had to live and at the time I had to sell all of them in order to survive and not starve to death. 50 bitcoins "may" sound a lot to you know, but they were sold in between of 1k to 10k, meaning if you put it over 4 years, thats actually not a lot of money at all.
So? have you given up on bitcoin Captain Corporate?
Many of us here have likely heard about Gresham's law, which would likely justify attempting to spend less valuable assets/currencies before we spend our more valuable assets.
Yes. It is understandable that if you do not have any other assets to spend, then you have to spend your bitcoin; however, even you likely understand and appreciate that you could have probably figured out ways to save more bitcoin and to spend from other assets/currencies that you may well have had at your disposal.
I will agree that it might not be easy to accomplish because each of us do need to live and each of us do need to figure out ways to have surplus value that we can invest rather than spending everything that we earn. Whether you might have been able to hold onto some of those 50 BTC during that time that you were spending them is something that seem to be more in your ability to know. and yes, for each of us the matter is different, and there are a whole fucking lot of people who live beyond their means and they are not willing, ready and or able to save any of their income.. they always seem to have expenses that are at least equal to or more than their income...
it is not easy for any of us to suggest solutions for situations like that unless there might possibly be ways to spend a bit less and to save a bit more and sometimes there might be a need to increase income and that may or may not be very easy to accomplish depending on your income earning ability (and sometimes even your location, too).
