Ser, you're on Elite Trader site not retard idiot trader
How do you hodl for a loss when bitcoin is over $67k?
Bitcoin Price Thread
- Thread starter Magna
- Start date
Ser, you're on Elite Trader site not retard idiot trader
How do you hodl for a loss when bitcoin is over $67k?
It probably goes something like this.
I'm going to hodl come what may. That's always made money in the long run.
It's falling but I'll hold my nerve. It always comes back.
I'm down 30% but that's ok.
(Doubts start to creep in)
Now it's down 50%.
60%!
Maybe this time is different and it won't recover.
I've had enough, time to cut my losses before it gets even worse.
Bail out with a dire loss.
That's not a bitcoin hodler... 99.99% of bitcoin hodlers are in sitting in profits and still hodling
And true bitcoin hodlers that have income or own other assets would have bought more bitcoins as the price was going down, stack sats,
Please tell me that you did not bail out for a dire loss on your 1% net worth allocation to bitcoin at $12k?
You could say the same thing about sea-shells, yet we used them for a store of value and money long, long before we were able to use computers and the internet for coins.
In fact, many different cultures around the world used sea-shells. And it worked... (just not as good as Bitcoin does).
Another great day for miners...
No but I'm probably unusual investing such an insignificant amount.
Anyway, getting back to my reply to orbit23, I was just curious as to how Bitcoin ruined his/her life. Was it due to trading/investment losses, or something else?
Is it still insignificant amount? How about when bitcoin goes to $1M, will it still be insignificant?
hodl is a battle cry not to sell bitcoin when the price is crashing. Now you know
https://www.investopedia.com/terms/h/hodl.asp
I was there in the third row. Pretty cool seeing these Bitcoin luminaries up close and in person. And to be in an auditorium of 8,000 (!) like-minded people was amazing. Around 20,000 total at the conference.