Sadness

[runpaint]

how much have you lost?

You don't lose till you sell.

No, that's delusional. You have to value your assets at market.

Incorrect.

If you spend $1000 on 1 Bitcoin, you have 1 Bitcoin no matter what the market price is.  That is what you bought, and you haven't lost it as long as you have that 1 Bitcoin.

If you sell that Bitcoin for $500, then you have 0 Bitcoin and $500 instead of $1000.  Then you have $500 less than you started with, and nothing else.

But you already lost the $1000 as soon as you bought, and you gained 1 Bitcoin.  

[Ibistru]

how much have you lost?

You don't lose till you sell.

No, that's delusional. You have to value your assets at market.

Go on, say it again, have to, have to, have to, then scream and throw a tantrum like a 2 year old not getting candy in a store.

Haven't sold, haven't lost  

"You don't lose till you sell."
So right! Are you interested in my super-guaranteed toilet fund?

Instructions to invest:
1) put your money in the toilet
2) flush
3) ?
4) profit

The fund is 100% guaranteed, you will not lose anything until you sell!

[runpaint]

"You don't lose till you sell."
So right! Are you interested in my super-guaranteed toilet fund?

Instructions to invest:
1) put your money in the toilet
2) flush
3) ?
4) profit

The fund is 100% guaranteed, you will not lose anything until you sell!

You think you're being sarcastic, but your actual advice is to buy high and sell low "so you won't lose it".

It's bad when your mocking scorn is the same thing as your own investment strategy.

[alani123]

how much have you lost?

You don't lose till you sell.

No, that's delusional. You have to value your assets at market.

Well that's not how every hodler looks at it. People owning bitcoin before the boom of 2013 regret selling before the price rise. I can see where the guy saying You don't lose till you sell. is coming from. He's clrarly a believer into the longterm success of bitcoin. I wouldn't call that delusional.

[Flashman]

"You don't lose till you sell."
So right! Are you interested in my super-guaranteed toilet fund?

Instructions to invest:
1) put your money in the toilet
2) flush
3) ?
4) profit

The fund is 100% guaranteed, you will not lose anything until you sell!

http://lmgtfy.com/?q=analogy

[The Bad Guy]

I've been around long enough and know the price will recover sooner or later, but that doesn't stop the sting.

I realized i was laughing, that sad laugh that escapes you when you are completely powerless.

Kind of like how i'd wake up in a bar and remember i had a final exam in twenty minutes.

So i laughed my sad laugh, and deposited more money to buy more coins, what a confusing world we live in.

how much have you lost?

You don't lose till you sell.

I couldn't agree more mate .
That's true , you won't lose anything unless you start selling which you shouldn't do of course , just hold your coins and wait till the price rise like crazy 

[Brewins]

If you bought and now your stuff is worth more according to market prices. You are in safe position and don't need to worry about the future, and if something bad happens or a better investing opportunity appears, you won't be in a loss position

If you bought and now is at loss, then if something bad happens and you have to cash out then you will be at loss. And there is always a chance the value will never recover.

I understand why OP is sad and worried.

[RGBKey]

I feel you a little.

[flipstyle]

how much have you lost?

You don't lose till you sell.

No, that's delusional. You have to value your assets at market.

Incorrect.

If you spend $1000 on 1 Bitcoin, you have 1 Bitcoin no matter what the market price is.  That is what you bought, and you haven't lost it as long as you have that 1 Bitcoin.

If you sell that Bitcoin for $500, then you have 0 Bitcoin and $500 instead of $1000.  Then you have $500 less than you started with, and nothing else.

But you already lost the $1000 as soon as you bought, and you gained 1 Bitcoin.  

> assuming the price will ever recover to the same levels you bought in at
> assuming you'll have the sanity to actually sell when/if that point ever comes, seeing as many of you didn't sell the first time around when you should have




So riddle me this dillusional HODLERS...if this is nothing more than a long term 'belief' in technology, but you aren't even using the technology, and just codling it like a baby in cold storage, then what is the point of you even having bitcoin?  I thought the entire purpose was for its usage.  That's not using it.

And oh wait, it gets better! To actually use it, means its purchasing power is still tied directly to fiat...meaning you're taking a loss at current market levels.  So in essence, what you're really waiting for is 'TO DA MOON,' meaning some unrealistic messiah shill levels of like "$100,000 per coin...I guarantee it!!!!!"




TL;DR:

ITT: shill 'investors' hiding behind a guise of belief in technology and 'changin da system yo!'

Good luck with that pipe dream lolllllllllll.

[runpaint]

> assuming the price will ever recover to the same levels you bought in at

No, what I said doesn't assume anything.  It's plain English and logic.

If you want 1 Bitcoin for $1000, you lose $1000 and gain 1 Bitcoin when you buy.

If you don't sell the 1 Bitcoin, the changes in the market don't magically take away your 1 Bitcoin.

If you sell that 1 Bitcoin for $2000, you have lost 100% of your Bitcoin.

If you want to talk about opportunity costs, compare it to a vacation that costs you $1000 and 180 hours of your time.  Can you later sell that vacation for $500, or get back any of your lost time?  No, but if you sell your 1 Bitcoin for $500, then you're $500 richer than if you had spent that $1000 on a vacation. 

[Ibistru]

> assuming the price will ever recover to the same levels you bought in at
> assuming you'll have the sanity to actually sell when/if that point ever comes, seeing as many of you didn't sell the first time around when you should have

So riddle me this dillusional HODLERS...if this is nothing more than a long term 'belief' in technology, but you aren't even using the technology, and just codling it like a baby in cold storage, then what is the point of you even having bitcoin?  I thought the entire purpose was for its usage.  That's not using it.

And oh wait, it gets better! To actually use it, means its purchasing power is still tied directly to fiat...meaning you're taking a loss at current market levels.  So in essence, what you're really waiting for is 'TO DA MOON,' meaning some unrealistic messiah shill levels of like "$100,000 per coin...I guarantee it!!!!!"

+1
I think you nailed it.

[runpaint]

If you spend $1000 on 1 Bitcoin, you have 1 Bitcoin no matter what the market price is.

> assuming the price will ever recover to the same levels you bought in at

+1
I think you nailed it.

1 - 0 = "it depends"

[flipstyle]

> assuming the price will ever recover to the same levels you bought in at

No, what I said doesn't assume anything.  It's plain English and logic.

If you want 1 Bitcoin for $1000, you lose $1000 and gain 1 Bitcoin when you buy.

If you don't sell the 1 Bitcoin, the changes in the market don't magically take away your 1 Bitcoin.

If you sell that 1 Bitcoin for $2000, you have lost 100% of your Bitcoin.

If you want to talk about opportunity costs, compare it to a vacation that costs you $1000 and 180 hours of your time.  Can you later sell that vacation for $500, or get back any of your lost time?  No, but if you sell your 1 Bitcoin for $500, then you're $500 richer than if you had spent that $1000 on a vacation.  

I have no idea what you just said.

If you sell 1 bitcoin for $500 but purchased it at $1,000, you took a net loss of $500.

1 bitcoin is 1 bitcoin if you hold it.  Is this a philosophical attempt at logic?  

That's like saying 1 dot matrix printer is 1 dot matrix printer.  It still doesn't detract from the fact it's damn near worthless in both utility and resale price from when it was originally purchased.

Your 'my 1 bitcoin is still 1 bitcoin' mentality is nothing but a hoarder mentality.  Meaning, you will be the first to catch fire once the train leaves the station, because you bought a ticket, but never used it.  Thus, it's basically worthless, because you never even used it for its intended use.  It's worth simply the intrinsic value of the piece of paper itself (or in your case, a few bytes of data on a harddrive).

I think you have a hard time distinguishing between sentimental worth and purchasing power.  Perhaps you should have straightened that out before you 'invested' in bitcoin.  

People HODLING for ages remind me of those people hoarding retro release Air Jordans and call themselves shoe heads.  They say they're the best shoes ever made, hype them to the moon on forums, but have not even so much as taken the wrapping off the package, for fear they'll destroy 'future resale value.'   That's not a belief or use of technology, that's blind hype investing.  

There's a fine, fine difference between the two, and it's easy to tell who's who in this bitcoin game simply by what they type.  Guess which category you and the OP fall?

[Flashman]

That's like saying 1 dot matrix printer is 1 dot matrix printer.  It still doesn't detract from the fact it's damn near worthless in both utility and resale price from when it was originally purchased.

They are awesome parts sources for 3D printers, especially the wide carriage ones.

[flipstyle]

That's like saying 1 dot matrix printer is 1 dot matrix printer.  It still doesn't detract from the fact it's damn near worthless in both utility and resale price from when it was originally purchased.

They are awesome parts sources for 3D printers, especially the wide carriage ones.

I will agree there.  But as per their function and utility as a unit, they are a far cry from 2+ decades ago.  But damn, at the time...dot matrix printers was like wizzardry compared to typewriters lol.

[odolvlobo]

how much have you lost?

You don't lose till you sell.

No, that's delusional. You have to value your assets at market.

Let's say you had $1000 and you bought one bitcoin and now it is worth $200. There are two ways to look at it without being delusional:

1. You have $0 and 1 bitcoin, but "you don't lose until you sell".

In this case, you lost $1000 when you bought the bitcoin. According to you, you have a bitcoin that has no value until you sell it. You have $0 plus a bitcoin worth nothing, so you lost $1000. You may gain some money back when you sell the bitcoin, but in the meantime you lost $1000.

2. Mark-to-market: you have $0 and $200 worth of bitcoins.

In this case you effectively have $200 because you can exchange the bitcoin for $200. You lost $800.

[flipstyle]

how much have you lost?

You don't lose till you sell.

No, that's delusional. You have to value your assets at market.

Let's say you had $1000 and you bought one bitcoin and now it is worth $200. There are two ways to look at it without being delusional:

1. You have $0 and 1 bitcoin, but "you don't lose until you sell".

In this case, you lost $1000 when you bought the bitcoin. According to you, you have a bitcoin that has no value until you sell it. You have $0 plus a bitcoin worth nothing, so you lost $1000. You may gain some money back when you sell the bitcoin, but in the meantime you lost $1000.

2. Mark-to-market: you have $0 and $200 worth of bitcoins.

In this case you effectively have $200 because you can exchange the bitcoin for $200. You lost $800.

Correct.    Stating 'I have 1 bitcoin, which means I still have 1 bitcoin until I decide to sell' is nothing but a philosophical retort.  

I can sit here all day and retort with,  'I still have life until the time I die.'

But just having 1 bitcoin in cold storage...still has a 'real world' dollar and utility purchasing power value less than what you purchased it for (if this is indeed the case)



Placing a sentimental or emotional value higher than that might be an offsetting moral victory for some in the face of financial loss.  That's certainly fine.  

To each their own.

[pooya87]

you are gonna laugh and laugh and laugh again some more in the near future. don't worry too much about it just laugh some more

[Velkro]

I've been around long enough and know the price will recover sooner or later, but that doesn't stop the sting.

I realized i was laughing, that sad laugh that escapes you when you are completely powerless.

Kind of like how i'd wake up in a bar and remember i had a final exam in twenty minutes.

So i laughed my sad laugh, and deposited more money to buy more coins, what a confusing world we live in.

Just don't check price for month, you will be a lot more happy

[ivonna]

how much have you lost?

You don't lose till you sell.

No, that's delusional. You have to value your assets at market.

Let's say you had $1000 and you bought one bitcoin and now it is worth $200. There are two ways to look at it without being delusional:

1. You have $0 and 1 bitcoin, but "you don't lose until you sell".

In this case, you lost $1000 when you bought the bitcoin. According to you, you have a bitcoin that has no value until you sell it. You have $0 plus a bitcoin worth nothing, so you lost $1000. You may gain some money back when you sell the bitcoin, but in the meantime you lost $1000.

2. Mark-to-market: you have $0 and $200 worth of bitcoins.

In this case you effectively have $200 because you can exchange the bitcoin for $200. You lost $800.

I don't think either way is going to make anyone who bought at $1k feel any better about their situation. Although scenario 2 is much more accurate