I am so incredibly bored of bitcoin

[Wexlike]

I am so bored of bitcoin.

When i started reading about bitcoin in august/september 2013 i was so hyped up over this new and revolutionary tech. I was reading forums and reddits from morning till evening. I invested in mining gear and made my first slow steps in the crypto revolution. The bubble was just awesome, i was staring the whole day on my priceticker app on my smartphone. It went up, and down, and up and crashed. And up again. Fucking adrenaline !

But now, i think i am sick. I have the crypto fatigue. It's just not exciting anymore.

Wow, there is a new PoS ?? It's called DPoS !! Meh, whatever. It's still PoS.
Wow, there is a new altcoin ?? It has feature XYZ !! Meh, whatever. I saw the same feature in 10 different coins.
Wow, there is a new asset blockchain ?? Meh, it's the fifth now ?
Wow, there is a new mining algorithm !! Check it out - forever asic resistent !! Meh, seriously ?? Another algo? Just die.

Everything was fresh and i saw opportunities everywhere. Now it's just gray and boring.

I managed to pile a few bitcoins when i thought it reached the bottom (most of my buys happened in the 350-450$ range) and now i continue to buy ~200$ of bitcoins every month when the price dips a little. I had 10 gpu's and it was exciting as fuck to mine and manage and babysit my rigs. Now, i sold most of them. With the rest i am mining monero - what else ? The rigs are running, nothing to babysit anymore.

Reading forums is just plain and simple boring. Nothing happens. There are almost zero really interesting/intellectual threads. Just a few trolls crying over 15$ price swings. Wow, the adrenaline !!!
Nothing groundbreaking will happen in the near future. We all are waiting for the ETF. And of course bitcoin will increase in value. It is just an inevitable fact. We are all early adopters. But it won't happen because a logarithmic trend line screams for the start of a new bubble. It will happen through adoption and the money flow caused by the ETF. Stop being unrealistic with your expectations.

There is nothing left to do.

My train ticket is bought. My crypto knowledge is solid enough. My coins are secured.


Now, i can only wait.

But it's so incredibly boring.

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[inca]

I was thinking that the bitcoin price action is becoming dull too. A few months of this boredom to legitimise the currency at this price and it can leave it behind in the next bubble.

[adamstgBit]

Metric - White Gold

[Dump3er]

My train ticket is bought. My crypto knowledge is solid enough. My coins are secured.

[tabnloz]

I dont find it boring at all!

There are so many differing opinions and so many aspects / use cases that it boggles the mind. I find on here you need to separate the wheat from the chaff though.

[Wilhelm]

I started trading ... fun new hobby

[Dump3er]

I started trading ... fun new hobby

Sell 517, buy 510?

[bassclef]

OP, you're doing it right for a new guy. Buy low and hold. Dollar cost average and hold.

Caveat: Make sure you understand the technology and don't invest money you can afford to lose.

Three great ways to lose money in this game:

-daytrading (watch the market for a year first)
-altcoins (most are pump & dump with whales waiting to take your coin)
-emotional panic selling (many of the troll accounts are the same people, think about it)

[kireinaha]

A year ago, we were all expecting big things. Now, we're all awaiting an ETF... so people have another method to buy bitcoin... because bitcoin.

Don't expect much to happen for a long time. If you you're expecting to make money, you're going to be disappointed.

[hyphymikey]

It's working. They want you to get bored and sell your coins. There are only so many out there.

[Elwar]

Have you tried spending bitcoin? That is fun.

[kutaka]

I predict that real fun will start few months before the next halving. It means that you still have, like, 2 years, so better embrace a new hobby;)

[Ibian]

It's working. They want you to get bored and sell your coins. There are only so many out there.

Well jokes on them, the longer the price stays low the more coins I will have when it does rise.

That said, it is boring so I came up with a game to pass the time. Sell a tiny amount of coin at whatever current market rate is (say a few bucks, adjust to taste). Set a buy order lower for the same fiat amount. If the price dips, you make a teeny tiny amount of money. If it goes up, it's a small early withdrawal and my net value has increased. Then repeat. It will mean nothing at all in the long run, but it keeps me entertained as I wait.

[jbrnt]

Holding onto and not spending any money is not fun. You need to buy things with it and get the fun you desire.

[Melbustus]

Yes, it's boring like Jan - Aug 2012 was boring. Price was range-bound ($4 - $8, IIRC). The only thing happening was that more and more smart people were working to build products and services that enabled humanity to capitalize on the best form of money ever invented.


Edit: If you're not still at least a little bit in awe of how bitcoin essentially solves money perfectly, then you're probably missing the point of money in general to some degree.

[Apraksin]

But it's so incredibly boring.

You need to take a long break from all things bitcoin and in particular stop reading the speculation forum. Later on the excitement will return, in the meantime find something else to do during the doldrums.

[Wexlike]

I dont find it boring at all!

There are so many differing opinions and so many aspects / use cases that it boggles the mind. I find on here you need to separate the wheat from the chaff though.

I think one of the last exciting ideas for cryptographic private keys was the use of a private token stored in your car keys. And therefore the need of the private token to start your car, or "selling"(=transfering the token) over the blockchain. That is cool stuff. But it's boring now - someone has to implement it. And that takes time.

I started trading ... fun new hobby

I was trading too, a few altcoins. Made nice profit last month. But now the altcoin market is dead. And i am not as stupid as Matthecat to try to play the daytrading bitcoin game. A whale would eat me the second i step into the ocean. (You have to admit your limits at some point)

OP, you're doing it right for a new guy. Buy low and hold. Dollar cost average and hold.

Caveat: Make sure you understand the technology and don't invest money you can afford to lose.

Three great ways to lose money in this game:

-daytrading (watch the market for a year first)
-altcoins (most are pump & dump with whales waiting to take your coin)
-emotional panic selling (many of the troll accounts are the same people, think about it)

Thank you, i do not invest more than i can afford to lose and i will never sell with a loss. No one will ever make me sell my coins until they reach my desired price point. For me, there is no panic selling. These are just new buying opportunities, that i am willing to take.

Have you tried spending bitcoin? That is fun.

Not yet, but in the future i will buy a broadwell cpu for myself with bitcoins.

It's working. They want you to get bored and sell your coins. There are only so many out there.

Well jokes on them, the longer the price stays low the more coins I will have when it does rise.

That is the correct attitude. The longer the price doesn't move, the more bitcoins i will hold.

Holding onto and not spending any money is not fun. You need to buy things with it and get the fun you desire.

I have more fun watching my stash of coins grow every day. This gives me some kind of deep satisfaction.

Yes, it's boring like Jan - Aug 2012 was boring. Price was range-bound ($4 - $8, IIRC). The only thing happening was that more and more smart people were working to build products and services that enabled humanity to capitalize on the best form of money ever invented.


Edit: If you're not still at least a little bit in awe of how bitcoin essentially solves money perfectly, then you're probably missing the point of money in general to some degree.

Oh, i am. Don't worry.

[galbros]

I guess a sign of growing maturity is boredom.  I'm a hell of a lot more boring now than I was 10 years ago.  I agree bitcoin while in no way mainstream is a lot less exciting, but then, how many forums are there on current US paper money?   

[Wilhelm]

I started trading ... fun new hobby

Sell 517, buy 510?

Yep that's 0.8% profit right there

[Chef Ramsay]

I have an idea for excitement: start going to a gym and lifting weights. Then as the weeks go by you can keep looking in the mirror and admire the growth in your muscles. Then before you know it, you've added 5-10 lbs of muscle and the price of Bitcoin is making another run allowing you to have both money and muscle and you can bang any chick you want.  You asked for it.