Just sold all crypto. Lost 15-16k. Feel pretty bad. Currently TC is 200k. So, that’s a big loss to me. What about you guys who invest in crypto?
Buying more
No. That’s such a bad idea. I feel it will narrow down to 0 gradually
What's the entry you're aiming? I think it will go to ~4k. I have few buys tiered at 4k-5k range
Charlie fuck us all on LTC He sold ATH and then exit
Don’t you think it’s a problem when a “security”’s value can be fucked by one guy whose contributions are mainly cloning a github repo and doing PR?
It’s greed that screwed everyone 🙂
Down ~85% from ATH. Still green by 2.5x. Sorry to hear you had to exit with a loss
The inherent value of crypto is some epsilon above the cost to mine, perhaps $1k/bitcoin. There’s a hell of a lot of downside from here.
The inherent value of ice cream is some epsilon above the cost of ingredients, but if it melts nobody will buy it. There's nothing stopping crypto from going to zero if people don't want it.
Unless you can live inside a bitcoin or eat it or wear it as jewelry, its inherent value is 0.
The 1% of people who control all the wealth of this world would never let a banking system made by and for 99% of the people to be successful unless they play it by their rule, hence the crypto currency will never succeed in it's original goal, it may be able to work, if it abides by the laws of 1% wealthy people.
You’re almost right. However, you’re missing part of the picture. Currency didn’t just materialize out of thin air or just so that the 1% can control us. The chain of events is: humans decided to live in societies - societies need rules and low friction ways to share resources - create a central body to set rules - central body issues coupons to use as value stores. Hoping to HODL and get rich is analogous to hoping for some magical reshuffling of the cards in a particular order such that the coins you’re hodling are the ones that propel you from nothing to 1%, all by doing nothing. Oh, and resetting society along the way. Good luck to ya’ll HODLers.
You don't sell when it's low, you sell when its high and everyone and their mother is buying.
I'm still up. Sucks for everyone who got in late lol
I lost 100BTC on SatoshiDice once (it was $16k at the time). You’ll live. Just don’t eat out for a month, maybe sell your car, and it’ll be like it never happened.
It was 16k for 100BTC at the time, not per BTC. So comparable to OP’s situation. (At some later time, yes, it would have been 1.6M. So it goes.)
Have $2k but going to keep it forever... who knows it might become $200k one day
I like how your are approaching this. This is how people should dabble in crypto or any big gamble if they are afraid of missing out. Basically use some play money and forget about it.
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Hanging in there. Crypto is mostly driven by large investors and sentiment. Compare it to gambling: only use money you can lose.