My feelings after 11 years with crypto.

[Lanatsa]

Bud you're in the same boat as many of us.  Countless users here have absolutely "blown through" bitcoins.  But many of has had no idea it would take off like it did even though we had all sure hoped it would get there.  You can't change the past, only the future so simply stop dwelling on the past and make positive moves forward.  Best of luck.

Even myself do really get stressed out or really having that sad moment whenever i do remember on the times looking back if i had able to accumulate and not able to spend of the coins that i have earned on the past 5-6 years then i might be rich as of this moment or do make that big money basing on our local currency value.

I do only comfort myself and convince that past is past and there's nothing you can do but there are indeed times that regrets and frustrations could really affect you on some day.

But now its totally true that its better to focus on what lies ahead because no matter what you do there's no way that you could turn back the time.

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[Peanutswar]

This is the reason why dont invest in crypto that you can't afford to lose always make an investment only the money you have as an extra and not make a full of the pot into a one basket, always manage the risk and make a market investment plan, this is cryptocurrency volatility and no one assured with the price movement. That's why to invest in your knowledge to make sure where to in and out in the market situation.

[goldrushed2]

Some good posts here. Exactly. Still money to be made in bitcoin and ethereum going forward. At a young age who knew you have to hold for ten years? We all learn a lot.

[JayJuanGee]

Hello everyone, today i want to tell you about my crypto-depression.

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I would say that your crypto savings did what they were intendend, and that's not geting rich but helping you in a tight situation when you had no job and neded to pay madical bills. That's way better than borowing money, so don't beat yourself up.

You might be correct TheNineClub in regards to OP being in a situation in which he had no other funds upon which to draw; however, I have my doubts - and largely OP failed/refused to appreciate what bitcoin was and he largely panic sold at the bottom of the market.  Of course, in October/November 2015, there was a bit of a surge in the BTC price, so it is likely that OP did not sell at the absolute bottom of that particular correction period.

Drawing from bitcoin should be the last of the investments to draw upon.. - especially when bitcoin is dipping which was largely was the case in 2015 at the time that OP sold..  so anyone creating an investment in bitcoin should be drawing upon other sources of funds first and even creating an emergency fund, too so that they do not have to draw upon bitcoin at any time other than their own choosing, and of course, if there is life and death emergency than yeah sure.. .. but OPs failure in regards to bitcoin goes much beyond an emergency situation and instead was a result of his loss of faith in bitcoin (if he had ever had any faith in it?)

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

For me, it is a pity if there are no coins that are owned now for the future, this must be needed because there are many goals that must be achieved, regardless of how many bitcoins we have, we must be able to store them for the long term Invest long term in any way.

I think $100 per week is very hard for our people especially not having a high salary we do as little as possible as long as we can save it every week, isn't that a good suggestion from you? I always follow whatever advice is most important I understand and can do it.

For sure, I do not want to mislead anyone into investing in a way that is either beyond their budget or causing them to have to struggle or to become too worried about the amount that they are regularly investing into bitcoin... so the amount that is chosen should be sufficiently low that you are not going to miss it, but sufficiently aggressive that it makes a difference.. If the first issue regarding being comfortable is not satisfied, then you should not be moving to the next issue regarding aggressiveness.

For most of my time in bitcoin from late 2013 until early 2020, I would suggest pretty much the same thing to people, which was get the fuck started with something like $10 per week... and figure out your target allocation between 1% and 10% of your total quasi-liquid investment portfolio into bitcoin, and if you are whimpy aim for the lower amount of something like 1% and if you are more aggressive aim for 10%, and I would expect that while anyone is investing into bitcoin for 1 or 2 years or even more, they should be striving to study their own situation in order to really tailor their approach to bitcoin to their own circumstances  - and I would not even expect anyone to just jump into bitcoin and have it figured out right away.. but after a decent amount of time in bitcoin they should have more and more time and opportunties to figure out their own situation and to tailorize their approach to themselves.

Since after March 2020, I have changed my recommendation and started to recommend that people aim for 1% to 25% of their quasi-liquid investment portfolio into bitcoin, and I have also started to recommend starting out with $100 per month rather than $10 per month, and I am kind of presuming a western salary or at least some kind of decent income and if you look at $100 per week, a lot of regular income folks in the west and even other locations can afford that.. .. yet don't get me wrong.. I am not unsympathetic that in some places around the world, $100 per week might be the whole salary or even more than what is earned, so I am currently just throwing out both ideas when communicating on the forum with the idea that guys have to figure out their own cashflows to figure out how to be sufficiently aggressive in their BTC allocation without being too aggressive...   

For sure, some newbie to bitcoin guys get nervous that DCA is not enough, and they need to hold some in reserve for buying on dips, and surely I have no problem with that, which might mean that the guy who is DCAing $100 per week. needs to cut back and hold some of that for buying on dips... so in that regard, I still consider DCA to be more important than buying on dips, but each of us who is in BTC accumulation stages need to be careful that we attempt to reach a balance that is comfortable for us in terms of both keeping the DCA going and also having some dry powder if the BTC price dips if we believe that might make us feel better to supplement our DCA by buying on dips... and if you do not have enough money to do both, I would surely recommend DCA over buying on dips.. but of course, that also depends on how much BTC that you have already accumulated.. If you have a decently large BTC stash, then you might end up favoring buying on dips over DCA... so in that regard, each person has to assess his/her comfortable balance in regards to whether to split, and which one to emphasize.

[edited out]

My friend you are a btc fanboy obviously and got hurt feelings.

I am not sure how you arrived at both of those conclusions from my response to your post... but yeah, BTC fanboy.. sure.. even though that sounds like a bit of a derogatory, but yes I am a pretty decently sized fan of bitcoin... not a fanatic, though.. .hahahahaha

I am not emotional but thanks for yours.

I am glad that you are not emotional.. so maybe we share something?  maybe?

Any decent asset you hold for 20 years is likely to go up in price.

Well if you define a decent asset by its having had gone up, then sure definitionally you are correct...

But don't make the mistake of considering bitcoin to be any run of the mill asset because it is quite unique, if you had not noticed.

Apparently, you had not noticed that bitcoin is a unique asset, otherwise you would NOT be attempting to lamedly argue with me on this point.

I did not get into too much detail was just trying to tell the guy who posted we all have had our issues.

We are in a public thread, so anyone can chime in, and like I mentioned in my previous post, your post brought up a lot of ideas that seemed worthy of further elaborations.

And correct I sold my Gox claim.

That's too bad, but I presumed correctly.. so that's good.

And trade for an investment company -

I was not trying to suggest that you don't have any financial experiences, yet even you likely know that there are all kinds of perspectives and approaches in regards to how any investment company or their employees or agents might approach investments.. some investment companies are more correct than others.

and no I dont believe anyones hype or cult following of crypto.

I mostly try to avoid talking about crypto.. I prefer to focus on bitcoin, but sure sometimes folks will drag conversations into non-bitcoin areas.. and if you are wanting to lump bitcoin and crypto together and to suggest that someone like me is merely propagating hype and cult-like ideas, then you likely do not really understand and/or appreciate the differences between bitcoin and crypto, surely to me it seems that folks who are able to understand and appreciate the difference are going to be much better off in terms of recognizing and appreciating what is going on in the space.. however, sure I know that there are a lot of crazy-ass ideas out there too, and it likely is going to take a decent amount of time for larger segments of the population to really be understanding and appreciating the value proposition of bitcoin as compared with the various other aspects of the space that might be considered as "crypto", and actually I am not even going to proclaim that you are technically wrong to lump them all together, but there are a lot of folks who don't understand what the fuck is going on because they think they know what bitcoin is and they just lump it into some vague-ass category and fail/refuse to see and appreciate bitcoin's value proposition for what it is, including actual factual happenings and empirical evidence.. rather than merely "hype" as you are asserting.

Unlike yourself - cant even spell holding.

I will admit there is some humor in that lil trivial dig.   

Markets have cycles. Its up to you how you play it.

Sure.  Bitcoiners have also done well who have long term invested into bitcoin, and there can be various ways that they might be able to supplement a buy and HODL (sic) strategy by selling on the way up and buying on the way down.. but people also tend to get carried away.. so frequently, trading is difficult to play for a lot of people, even though I agree with you that there can be ways to play it that might not devolve into a worse than employing some kind of a Dollar Cost Averaging (DCA) stragegy.

Thanks for your essay.

No problem.  It seems that we are here to interact on various topics... so sure it is better if I am not imposing my ideas on anyone.. but it  will also be good if we might address some of the faulty ideas too, including but not limited to my own.. if any.   

Still money to be made in bitcoin and ethereum going forward.

Don't fuck around with ethereum.. it's the shitcoin of shitcoins, and its investment thesis is largely just to facilitate the flourishing of other shitcoins (ponzi schemes and other complicated matters claiming to be innovative.. and really a Rube Goldberg machine if you really consider the matter). 

Of course, you can get in and out of that crap, but it is not a long term investment.. that's for sure.

At a young age who knew you have to hold for ten years? We all learn a lot.

Regarding bitcoin, you do not necessarily have to hold for 10 yers or longer, but surely so far the history has shown those who invest longer periods are generally better off, including if they had not sold too many too soon.. so at least holding onto a decent amount of their stash through the UPs and DOWNs of the market has proven to be a pretty decent strategy in bitcoin so far, and there is no real evidence that bitcoin is getting any worse as an investment. In fact bitcoin's investment thesis is likely getting better with the passage of time (Lindy effect), and even if there is not as much UPside potential, the downside potential is also progressing towards less riskiness too... which is one of the reasons why a lot of folks consider bitcoin to be the best of UPside asymmetric bets of a lifetime. .and especially open to everyone and anyone.. unlike some investments of the past that were not really available to normies.. including that people can buy really small amounts of bitcoin, including less than $1 at a time.. although many exchanges are increasing their limits to $5 or $10 at a time.. but we do have lightning network too that allows for very small (micro) transactions, even though we will need to concede that some of the user-friendliness can be a bit confusing for less sophisticated (or less technologically endowed) players.

[Stella Mese]

I'm sure most people would feel the same way if they were in your situation. but I don't think it's too late to start over and improve your economy through bitcoin. keep the spirit, may be given patience and fortitude.

[Chato1977]

Some good posts here. Exactly. Still money to be made in bitcoin and ethereum going forward. At a young age who knew you have to hold for ten years? We all learn a lot.

if this is our understanding from the beginning then we must all be rich by now , but suddenly only a tip of the ice berg who gets in and majority are not , most of us firstly ignore or not believe this market until they finally see how it works and what this can bring them./
now we are  all wanted to turn back time but we cannot because there is no time machine available .

[Razmirraz]

I read some of the stories above. The members in the forum are mostly successful, or at least they can improve the economic situation for the better. Of course, I was overjoyed to hear that. I've known Bitcoin for only 7 years, but I still feel like I'm anchovy. 
But I'm really happy that Bitcoin helped me make ends meet. In addition, I also tried to collect some of the signature rewards I participated in. But looking for bitcoin at this time, I think it is more difficult than 4 or 5 years ago. This is because the more pairs and the more volume split on other coins, But I remain optimistic that bitcoin will have more value than its last ATH.

There is still a long way to go, we can still do something to achieve our dreams, it's never too late because Bitcoin will continue to exist for many years to come. Bitcoin has grown over the years, from its initial appearance that has no value and is considered a meme until there are countries that adopt Bitcoin becomes legal tender.

Bitcoin can not only help you make ends meet, but it can also make it easier for anyone with a smart phone or computer to send or receive Bitcoins wherever they are.

Bitcoin is a new phenomenon that exists in the world, although not all countries can accept its presence, but the majority of the world's population is familiar with and uses the convenience of Bitcoin. The presence of Bitcoin can speed up the transaction process instantly, there is no minimum/maximum balance, and of course it can be accessed worldwide.

[goldrushed2]

Hello everyone, today i want to tell you about my crypto-depression.

I have feelings that i lost my biggest life chance to get really rich and i just want to forget about crypto and work in normal work but it is impossible.
It's hurt much more if you can see that your old crypto-friend's get cars and houses from crypto profit, i wonder if someone have some feeling's as me.

I would say that your crypto savings did what they were intendend, and that's not geting rich but helping you in a tight situation when you had no job and neded to pay madical bills. That's way better than borowing money, so don't beat yourself up.

You might be correct TheNineClub in regards to OP being in a situation in which he had no other funds upon which to draw; however, I have my doubts - and largely OP failed/refused to appreciate what bitcoin was and he largely panic sold at the bottom of the market.  Of course, in October/November 2015, there was a bit of a surge in the BTC price, so it is likely that OP did not sell at the absolute bottom of that particular correction period.

Drawing from bitcoin should be the last of the investments to draw upon.. - especially when bitcoin is dipping which was largely was the case in 2015 at the time that OP sold..  so anyone creating an investment in bitcoin should be drawing upon other sources of funds first and even creating an emergency fund, too so that they do not have to draw upon bitcoin at any time other than their own choosing, and of course, if there is life and death emergency than yeah sure.. .. but OPs failure in regards to bitcoin goes much beyond an emergency situation and instead was a result of his loss of faith in bitcoin (if he had ever had any faith in it?)

I think we have the same feelings bruh, i started in bitcoin since 2015, although not that much older, but i have the same feeling as you, i tried my best doing what I've learned from other by watching them, i tried trading, i invested 350$, from the beginning i earned a little bit, then since bitcoin is going to crash down in 2018, i loose my chance, my friend is doing well, they started building their own house, then buy they dream bikes. So i get jealous. Im 😢 feel you bro

Yeah.. but what are you doing now?

Are you remaining a bitter no coiner?

I am not recommending investing in shitcoins, but instead, start a solid plan and just start to buy bitcoin, whether you buy $100 per week, or if you cannot afford that much, then buy $10 per week, and then keep doing that for 4-10 years, and then regroup at that point.

For me, it is a pity if there are no coins that are owned now for the future, this must be needed because there are many goals that must be achieved, regardless of how many bitcoins we have, we must be able to store them for the long term Invest long term in any way.

I think $100 per week is very hard for our people especially not having a high salary we do as little as possible as long as we can save it every week, isn't that a good suggestion from you? I always follow whatever advice is most important I understand and can do it.

For sure, I do not want to mislead anyone into investing in a way that is either beyond their budget or causing them to have to struggle or to become too worried about the amount that they are regularly investing into bitcoin... so the amount that is chosen should be sufficiently low that you are not going to miss it, but sufficiently aggressive that it makes a difference.. If the first issue regarding being comfortable is not satisfied, then you should not be moving to the next issue regarding aggressiveness.

For most of my time in bitcoin from late 2013 until early 2020, I would suggest pretty much the same thing to people, which was get the fuck started with something like $10 per week... and figure out your target allocation between 1% and 10% of your total quasi-liquid investment portfolio into bitcoin, and if you are whimpy aim for the lower amount of something like 1% and if you are more aggressive aim for 10%, and I would expect that while anyone is investing into bitcoin for 1 or 2 years or even more, they should be striving to study their own situation in order to really tailor their approach to bitcoin to their own circumstances  - and I would not even expect anyone to just jump into bitcoin and have it figured out right away.. but after a decent amount of time in bitcoin they should have more and more time and opportunties to figure out their own situation and to tailorize their approach to themselves.

Since after March 2020, I have changed my recommendation and started to recommend that people aim for 1% to 25% of their quasi-liquid investment portfolio into bitcoin, and I have also started to recommend starting out with $100 per month rather than $10 per month, and I am kind of presuming a western salary or at least some kind of decent income and if you look at $100 per week, a lot of regular income folks in the west and even other locations can afford that.. .. yet don't get me wrong.. I am not unsympathetic that in some places around the world, $100 per week might be the whole salary or even more than what is earned, so I am currently just throwing out both ideas when communicating on the forum with the idea that guys have to figure out their own cashflows to figure out how to be sufficiently aggressive in their BTC allocation without being too aggressive...  

For sure, some newbie to bitcoin guys get nervous that DCA is not enough, and they need to hold some in reserve for buying on dips, and surely I have no problem with that, which might mean that the guy who is DCAing $100 per week. needs to cut back and hold some of that for buying on dips... so in that regard, I still consider DCA to be more important than buying on dips, but each of us who is in BTC accumulation stages need to be careful that we attempt to reach a balance that is comfortable for us in terms of both keeping the DCA going and also having some dry powder if the BTC price dips if we believe that might make us feel better to supplement our DCA by buying on dips... and if you do not have enough money to do both, I would surely recommend DCA over buying on dips.. but of course, that also depends on how much BTC that you have already accumulated.. If you have a decently large BTC stash, then you might end up favoring buying on dips over DCA... so in that regard, each person has to assess his/her comfortable balance in regards to whether to split, and which one to emphasize.

[edited out]

My friend you are a btc fanboy obviously and got hurt feelings.

I am not sure how you arrived at both of those conclusions from my response to your post... but yeah, BTC fanboy.. sure.. even though that sounds like a bit of a derogatory, but yes I am a pretty decently sized fan of bitcoin... not a fanatic, though.. .hahahahaha

I am not emotional but thanks for yours.

I am glad that you are not emotional.. so maybe we share something?  maybe?

Any decent asset you hold for 20 years is likely to go up in price.

Well if you define a decent asset by its having had gone up, then sure definitionally you are correct...

But don't make the mistake of considering bitcoin to be any run of the mill asset because it is quite unique, if you had not noticed.

Apparently, you had not noticed that bitcoin is a unique asset, otherwise you would NOT be attempting to lamedly argue with me on this point.

I did not get into too much detail was just trying to tell the guy who posted we all have had our issues.

We are in a public thread, so anyone can chime in, and like I mentioned in my previous post, your post brought up a lot of ideas that seemed worthy of further elaborations.

And correct I sold my Gox claim.

That's too bad, but I presumed correctly.. so that's good.

And trade for an investment company -

I was not trying to suggest that you don't have any financial experiences, yet even you likely know that there are all kinds of perspectives and approaches in regards to how any investment company or their employees or agents might approach investments.. some investment companies are more correct than others.

and no I dont believe anyones hype or cult following of crypto.

I mostly try to avoid talking about crypto.. I prefer to focus on bitcoin, but sure sometimes folks will drag conversations into non-bitcoin areas.. and if you are wanting to lump bitcoin and crypto together and to suggest that someone like me is merely propagating hype and cult-like ideas, then you likely do not really understand and/or appreciate the differences between bitcoin and crypto, surely to me it seems that folks who are able to understand and appreciate the difference are going to be much better off in terms of recognizing and appreciating what is going on in the space.. however, sure I know that there are a lot of crazy-ass ideas out there too, and it likely is going to take a decent amount of time for larger segments of the population to really be understanding and appreciating the value proposition of bitcoin as compared with the various other aspects of the space that might be considered as "crypto", and actually I am not even going to proclaim that you are technically wrong to lump them all together, but there are a lot of folks who don't understand what the fuck is going on because they think they know what bitcoin is and they just lump it into some vague-ass category and fail/refuse to see and appreciate bitcoin's value proposition for what it is, including actual factual happenings and empirical evidence.. rather than merely "hype" as you are asserting.

Unlike yourself - cant even spell holding.

I will admit there is some humor in that lil trivial dig.  

Markets have cycles. Its up to you how you play it.

Sure.  Bitcoiners have also done well who have long term invested into bitcoin, and there can be various ways that they might be able to supplement a buy and HODL (sic) strategy by selling on the way up and buying on the way down.. but people also tend to get carried away.. so frequently, trading is difficult to play for a lot of people, even though I agree with you that there can be ways to play it that might not devolve into a worse than employing some kind of a Dollar Cost Averaging (DCA) stragegy.

Thanks for your essay.

No problem.  It seems that we are here to interact on various topics... so sure it is better if I am not imposing my ideas on anyone.. but it  will also be good if we might address some of the faulty ideas too, including but not limited to my own.. if any.  

Still money to be made in bitcoin and ethereum going forward.

Don't fuck around with ethereum.. it's the shitcoin of shitcoins, and its investment thesis is largely just to facilitate the flourishing of other shitcoins (ponzi schemes and other complicated matters claiming to be innovative.. and really a Rube Goldberg machine if you really consider the matter).  

Of course, you can get in and out of that crap, but it is not a long term investment.. that's for sure.

At a young age who knew you have to hold for ten years? We all learn a lot.

Regarding bitcoin, you do not necessarily have to hold for 10 yers or longer, but surely so far the history has shown those who invest longer periods are generally better off, including if they had not sold too many too soon.. so at least holding onto a decent amount of their stash through the UPs and DOWNs of the market has proven to be a pretty decent strategy in bitcoin so far, and there is no real evidence that bitcoin is getting any worse as an investment. In fact bitcoin's investment thesis is likely getting better with the passage of time (Lindy effect), and even if there is not as much UPside potential, the downside potential is also progressing towards less riskiness too... which is one of the reasons why a lot of folks consider bitcoin to be the best of UPside asymmetric bets of a lifetime. .and especially open to everyone and anyone.. unlike some investments of the past that were not really available to normies.. including that people can buy really small amounts of bitcoin, including less than $1 at a time.. although many exchanges are increasing their limits to $5 or $10 at a time.. but we do have lightning network too that allows for very small (micro) transactions, even though we will need to concede that some of the user-friendliness can be a bit confusing for less sophisticated (or less technologically endowed) players.

You are not Michael Saylor are you? My investments are not really your business. You seem butt hurt a lot. Not sure why. I sold my Gox claim for btc and sold that btc at 60k. Not bought back in yet.

[Republikcoin.com]

Some good posts here. Exactly. Still money to be made in bitcoin and ethereum going forward. At a young age who knew you have to hold for ten years? We all learn a lot.

Indeed no one expected to last that long in the past. But for now I don't even look at Ethereum for my choice other than Bitcoin, because the opportunity to have Bitcoin at low prices in large quantities is this year. Although next year there will still be another decline, but I am more sure that Bitcoin and the crypto space will get even better in the future and regret for everyone who ignores the opportunity will always be there.

[goldrushed2]

Sounds like a good plan to me buddy.

[bitzizzix]

If you remember bitcoin's journey, I think many people regret not being able to make the most of that time, but the past can't go back. And for another reason because bitcoin is not easy to predict and only long term can give such great results.
we can start from now and hope time can repeat itself and even though the price is now very expensive we can buy it gradually with every drop and buy according to our ability, bitcoin is a future that has the potential to bring good and happiness on future journeys. So it's never too late to repeat the past because the future is long and most likely the past will repeat itself and don't waste it.
and many people do not believe in the magic of bitcoin and even those who used to hate or distrust it are more devastated and regret it more.

[rby]

Op, your experience is painful. And believe me many people are going with bounch of such stories but they either decided to hold it to themselves or they have gone over it but life goes on still.
I have my own stories and likewise majority of early adopters. Not all believed bitcoin but bitcoin proved many wrong. If you said you sold you btc, I wouldn't blame you because btc is supposed to be a currency for buying and selling. But your mining facilities though. But you can forget about your friends class and replan yourself.

[darkangel11]

Bud you're in the same boat as many of us.  Countless users here have absolutely "blown through" bitcoins.  But many of has had no idea it would take off like it did even though we had all sure hoped it would get there.  You can't change the past, only the future so simply stop dwelling on the past and make positive moves forward.  Best of luck.

At least he has a story to share. Many people lost money in a stupid way. They drank it all away, spent on women, bought cars and crashed them, that hurts even more than selling bitcoin before the price went up.

You never know what's going to happen and your perspective can change many times over a period of time. Those who sold in 2021 when the price went to 30k thought they're doing the right thing. Then they regretted it when we reached 70k. Then not regretted it anymore when we went to 18k and in a year they'll probably regret it again when we go above 30k.

[KennyR]

Similar hidden stories are found with number of forum users. Nothing gonna happen on remembering it, for that reason everyone keeps moving god have got different plan for us. No worries opportunity missed is always missed, next time we'll get it through some other means. We need to know it is N opportunity and make use of it.

Atleast here it is about bitcoin in small number compared to the persons losing in thousands secured on hard drives.

[JayJuanGee]

[edited out]

You are not Michael Saylor are you?

Of course not.  I have my own story, and largely you can see my story at various points in my posting history on the forum.

For sure, Saylor has his own and interesting story, and even though he is a relatively newbie to bitcoin, he picked up on bitcoin quite quickly, and even started to engage in a lot of efforts to publicly talk about what he and his company were doing in regards to bitcoin.  Some aspects of his strategies are similar to my own, but surely some of them are a bit more aggressive than what mine have been historically, and I have  been somewhat critical of some of his strategies, while at the same time attempting to recognize and appreciate that each of us tailor our strategies to our own situations - including that some people choose not to really get involved in bitcoin in spite of knowing about it, and surely a lot of people seem to believe that they know way more about bitcoin than they actually do.

My investments are not really your business.

Of course, we are posting in a public thread, so you can choose how much you disclose - and what kinds of topics that you bring up (or with what kinds of information you provide).

You seem butt hurt a lot. Not sure why.

Maybe I "seem butt hurt" because you are imagining such a thing?

Maybe you are "not sure why"  because you are imagining such a thing?

I sold my Gox claim for btc and sold that btc at 60k. Not bought back in yet.

Why are you telling me about your "investments" if they are "none of my business?"  

Did you want to tell me more, or just tell me about the parts that you feel worked out well for you, so far?

You seem to consider this as a kind of competition, and I would suggest that each of us should be attempting to tailor our approach to our own circumstances, and there is not necessarily an objectively better way of managing one's investment portfolio - but there are likely some practices that are better than others in terms of attempting to balance how to attempt to reach financial and psychological objectives...

Some folks are going to be more practiced in terms of weighing their various personal factors, and I will just repeat for the sake of clarity that each of us whether an individual, institution or even a government that gets involved into investing into bitcoin should at least attempt to account for:  cashflow, other investments, view of bitcoin as compared with other investments, timeline, risk tolerance, time, skills and abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.

....many people do not believe in the magic of bitcoin and even those who used to hate or distrust it are more devastated and regret it more.

You are correct bitzizzix that a certain level of bitterness seems to develop from people who did not invest in bitcoin, under invested in bitcoin and/or sold too many too early.

It is not an easy thing to overcome because so many folks in those kinds of categories have psychological difficulties to buy at prices that are higher than earlier and/or higher than prices that they had sold.

One of the best remedies towards getting over those psychological difficulties is some form of DCA strategy and long term approach... because lump sum investing is too scary for them and seems to lure them into a gambling mentality... and also a mentality that focuses too much on short term profits/losses - that inhibit the better options of just continuing to accumulate on an ongoing basis.. DCA is best and buying on dips is the second best, but they first have to get over their psychological hurdle and just get the fuck started to even be able to overcome their seemingly reasonable difficulties of getting back in (or just getting in and getting in sufficiently aggressively with perhaps a whimpy start.. but a whimpy start is likely better than failing/refusing to act).

[milewilda]

When you are on of the early adopters.Then those Bitcoins you possessed or owned on that time might;

1. Sold early
2. Lost Hardrive/ Lost wallet
3. Hacked/Scammed

You would really be having the feeling of regret if you do compare those early years prices to now
where we do really able to see on how high it do able to reach out but since there's no way on predicting or knowing the future
then lets just accept the fact that we do missed out a big opportunity on getting rich but its not the end of the world.

[ajiz138]

One of the best remedies towards getting over those psychological difficulties is some form of DCA strategy and long term approach... because lump sum investing is too scary for them and seems to lure them into a gambling mentality... and also a mentality that focuses too much on short term profits/losses - that inhibit the better options of just continuing to accumulate on an ongoing basis.. DCA is best and buying on dips is the second best, but they first have to get over their psychological hurdle and just get the fuck started to even be able to overcome their seemingly reasonable difficulties of getting back in (or just getting in and getting in sufficiently aggressively with perhaps a whimpy start.. but a whimpy start is likely better than failing/refusing to act).

This is what I still do not with DCA, I choose the option to buy when the price is down maybe for you this is the second option but I'm good enough to do like this I don't know what the name of the strategy is because everyone knows buying when it's down is a good choice for increase bitcoin as long as you can buy it.

But I'm a little interested in talking about DCA from you because I haven't started it yet so I want to know about this strategy, maybe some people have started a long time ago a few years before the price went up high, even if I start now it's still worth it?
I will consider the allocation if possible, weekly, biweekly or once a month, the important thing is that the bitcoin income into the portfolio is there every month to be accumulated.
But it seems I have to think psychologically for this, because after all I have BTC proceeds from buying when it was low.

[goldrushed2]

What happens when all bitcoin are mined and demand peaks? Will the price still go up? Always wondered about this scenario.
What I find amazing and crazy is all the companies like celsius and 3arrows who made bets as if they were listening to that keiser chap. Or even Saylor.
The losses they have made is spectacular.
Imagine if you had listened to Saylor and put a million in at 40 or 60k - right now you would not be impressed or happy.

[goldrushed2]

[edited out]

You are not Michael Saylor are you?

Missing

I guess you are one of those programmer types who is really into bitcoin. Thats fair enough. I lost a lot with bitcoin from early years to hacking, and all sorts. I am no longer that into it as I was before - its been ten years. Gox was the main exchange once and I thought the eastern european Bistamp would hack me not the Japanese. It turns out the Japanese was Mr Karpeles who eats bitcoin. Lost my life savings.

I do think btc promotes hoarding, and what would be perfect is something that can not be stolen, or seen by the government. I also feel the biggest reason the Fed allow btc to continue is due to the fact they can see every transaction on the ledger. If every crypto was without public ledger - highly likely they would all have been banned. It's basically auto compliance reported by the ledger. I no longer feel bitcoin or crypto is perfect in that regard.

[JayJuanGee]

One of the best remedies towards getting over those psychological difficulties is some form of DCA strategy and long term approach... because lump sum investing is too scary for them and seems to lure them into a gambling mentality... and also a mentality that focuses too much on short term profits/losses - that inhibit the better options of just continuing to accumulate on an ongoing basis.. DCA is best and buying on dips is the second best, but they first have to get over their psychological hurdle and just get the fuck started to even be able to overcome their seemingly reasonable difficulties of getting back in (or just getting in and getting in sufficiently aggressively with perhaps a whimpy start.. but a whimpy start is likely better than failing/refusing to act).

This is what I still do not with DCA, I choose the option to buy when the price is down maybe for you this is the second option but I'm good enough to do like this I don't know what the name of the strategy is because everyone knows buying when it's down is a good choice for increase bitcoin as long as you can buy it.
But it seems I have to think psychologically for this, because after all I have BTC proceeds from buying when it was low.

Of course, there is nothing wrong with tailoring your BTC accumulation strategy to your own situation, and it is likely much better to do so.  One of the reasons that I continue harp upon DCA as the best of strategies is because it can help to get newbies started right away, and it is also a very good strategy for people who have been in bitcoin for a long time but just do not want to spend a lot of time trying to figure out what to do in terms of buying on dip or lump sum investing, and it is also amongst the better ways to NOT run out of cash because the DCA strategy should be applied in amounts that fit with the budget of the BTC accumulator and maybe tweaked from time to time when cashflow changes happen or other relevant changes happen in personal circumstances.

It can take a whole hell of a lot of time to merely figure out what would be a good DCA amount and frequency, because ultimately NO one should be investing in bitcoin or anything else if they have not sufficiently figured out their personal circumstances, including how much extra cash that they have available on monthly basis to be able to invest in bitcoin or anything else.

Don't get me wrong, I am asserting that it is a very important thing for every investor to figure out their personal circumstances prior to investing anything, but at the same time, I am not proclaiming that the perfect should be the enemy of the good, and so many times there will be situations in which a person can get started investing in bitcoin right away prior to figuring out their personal details... and so DCA would be good with those kinds of situations too.. and in the meantime as they get started investing some amount that they can ballparkedly assess to be ok..  they can adjust their amount and their strategy later after they get a chance to figure out their finances a bit better, and at the same time, figuring out personal financial circumstances is likely an ongoing thing that can be learned, applied and tweaked on a regular basis.  I have been doing it for more than 30 years, and I am still learning how to do it better and to make various adjustments from time to time.

Regarding your point about preferring buying on dips, there can be some truth that buying on dips works out better for you, and maybe that has to do with your having had already accumulated some BTC and so you are feeling less urgency (or maybe flexibility is a better way of saying it) in reaching various accumulation goals that you have.  For sure one of the risks of attempting to be too smart in trying to time the dips is that sometimes the dips that you expect to happen do not happen, and then you might get fucked because you are holding on to way more fiat than you would have had preferred to be holding onto.

As long as you know the trade offs in regards to waiting for dips, then there is no problem with your continuing to prioritize such buying on dips approach.

Another way to deal with the dilemma is to set various maximum holding of fiat thresholds, and that would most likely depend on your circumstances - including how many BTC you have already accumulated - but you could say to yourself that you will hold up to $5k for buying on dips and if you accumulate more than $5k, then you are going to buy with that extra amount.  So then at that point, you will be attempting to take into account that if the BTC price goes up rather than down, you may well still be holding that $5k and the price might never come back down, and you can consider for yourself if that would be an amount that you would be o.k. to keep in fiat.. in the event that the price never comes back down.

You can likely appreciate from my example that each of us are likely to establish different price amounts that we might be willing to hold depending on how much BTC that we already have accumulated, how much BTC we have already bought within a certain price range in which we still might be moving, and including considering each of the other individual factors that I had already mentioned and will likely be different for each of us.  In other words, there is no exact correct answer, but there might be some balances and tradeoffs that are smarter than others... and those are within the discretion of each of is to figure if we have done enough work on strategizing what we are going to do on a regular basis versus what are we going to do if the BTC price goes up or down.

But I'm a little interested in talking about DCA from you because I haven't started it yet so I want to know about this strategy, maybe some people have started a long time ago a few years before the price went up high, even if I start now it's still worth it?

I looked at your forum registration date and you have been registered on the forum for nearly as long as me.

Accordingly, it is not easy to answer the question for you more than my attempting to provide some examples, and you are surely free to share some of your circumstances (you do not need to give any exact numbers that disclose a lot of personal details, and you can also present a kind of hypothetical person too), and if we work with some details then it might be easier to attempt to describe some of the tradeoffs - because surely the strategy that a person who has been into bitcoin for a while might be different from a newbie, but sometimes some people who have been into bitcoin for a long time have failed/refused to sufficiently and adequately focus on their BTC accumulation strategy, so sometimes guys/gals in those situations may well be better served by attempting to employ a strategy that is more like they are a newbie because they have not been very successful in terms of accumulating a meaningful and substantial BTC stash that even feels like enough for their own perceptions of their circumstances.

We could create a hypothetical person to discuss, and we can use round numbers.  If we say that the hypothetical person had $100k quasi-liquid investment portfolio, and then the question might be what is the target level to have in BTC? 

Prior to March 2020, I used to suggest having 1% to 10% in BTC, but after March 2020, I started to recommend aiming to have 1% to 25% in BTC, but you still have to choose a specific number that you want to shoot for depending on if you are whimpy about bitcoin or you are bullish about bitcoin, and if you are whimpy then you would shoot for the lower end of the range and if you are bullish about bitcoin, then you would shoot for reaching the higher end of the range.

When I got into bitcoin in late 2013, I had not really figured out what my BTC target accumulation was going to be, but after I was into BTC for about a year, by late 2014, I figured out that my target level was going to be 10%, so I largely met my 10% target by late 2014, yet if you might recall, the price of BTC was pretty damned low throughout 2015, so by the time the end of 2015 came, I had ended up continuing to buy BTC and I ended up reaching something like a 13.5% BTC allocation level in terms of my then total quasi-liquid investment portfolio.  Once I reached my target, my strategies changed, so there sometimes can be difficulties for guys to either get to their BTC accumulation target level, and then maybe there still might be some need to change their target level goal in order to tailorize their BTC accumulation target level to their own situation that they might perceive themself as being quite a bit more informed about their own situation after they had gotten close to or surpassed their first goal.. so once they reach their first goal, they end up rethinking their goal and to start to believe that maybe their goal should be something different than what it had previously been.

I will consider the allocation if possible, weekly, biweekly or once a month, the important thing is that the bitcoin income into the portfolio is there every month to be accumulated.

There are a couple of things that I do that seem to be helpful on this point.  First, I have had a tendency to project my cashflows out a couple of years in advance on an Excel spreadsheet, so I can see how much much money I have available for investing into bitcoin on a monthly basis.  Second, when I first got into bitcoin in late 2013, I had given myself a 6 month budget that was a certain amount of money, and I divided that amount by 26 in order to give myself a weekly allowance.  Each week I tried to strategize buying on dips, but if I had not spent the whole amount of my allowance by the end of the week, then I would just buy at whatever price just to make sure that I spent that allowance amount for the week.

During my spare time for those first six months, I tried to study the application of my own strategy, and also to study happenings in bitcoin, and when the end of the first 6 months started coming close, I pretty much authorized myself a similar sized budget for the subsequent 6 months... and so by the time the end of the second six months came, that's when I figured out that my target was going to be 10%, even though I ended up going up to 13.5%-ish by the end of 2015.   I made some other changes to my BTC approach in mid-to-late 2015 too, but those mid-to-late 2015 changes to my BTC approach had to do with my having had already been studying the matter (and my own particulars) for more than a year and a half...
 

But it seems I have to think psychologically for this, because after all I have BTC proceeds from buying when it was low.

Yes.. your approach will surely need to be modified in order to attempt to account for your particulars including but not limited to how many BTC you had already accumulated, and also considering what kinds of targets that you would like to reach.  Perhaps the psychology will kind of take care of itself if you establish a solid plan, but I will assure you that there are frequently going to be situations in which there are uncertainties regarding how to make sure that you are attempting to address both the financial matters and the psychology too.

I believe that I have learned NOT to panic as easily as I had previously, and I believe that I have been fairly successful in that direction, but still there can be circumstances in which BTC price performance (including various extremes) can end up testing your psychology and even realizing that if you reassess the situation and change some of your planned strategies, then you will feel a lot better...  For example, this last time around, after BTC price dropped below $35k in early May-ish, it seems that I had to readjust my plans at leas 5-6 times, and usually (in recent times) I do not tend to change my plans very frequently, but BTC prices ended up going down way further beyond extremes points that many of us expected (including yours truly). 

One of the risks, and maybe even stressful points of being involved in investing in such a volatile asset like BTC does end up having to go through extremes, and figuring out whether the plan that is already in place is sufficient, or if tweaks might need to be made in order to help financially, and/or psychologically.