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To all those in this thread regretting having sold bictoins earlier because of some feeling. Don't be depressed, a lot of people did, and that's OK. You can st
by uniclaude 13y ago
To all those in this thread regretting having sold bictoins earlier because of some feeling. Don't be depressed, a lot of people did, and that's OK.
You can still trade, but you have to switch your mindset to a trader's one, and regretting a "missed" opportunity and feeling "tempted" to buy while the asset is on the rise is impulsive. Learn how to trade, there are countless resources around, even though this is not only math, learning seriously can protect you from impulsive behavior.
I'd say, if you want to invest in bitcoin, unless you're a serious believer (and that's fine, but in this case you probably already have some), do it like poker players manage their bankroll, use some money you can really afford to lose, so you can sleep at night and not feel too bad then the coin drops 25% over a day.
Anyways, what I think is that we are on HN, where people make money using their skills and by creating value. Investing $10k by creating your company today might not only make more money than the same investment in some cryptocurrency, but also create something of value in the meantime.
Want to join the bitcoin ride the hacker way? Build a service that uses the currency, or help people to use it.
Disclaimer: I have nothing against bitcoin, I just think it's a little sad to regret not making a quick buck on something you have no real control on.
- deleted 13y ago[deleted]
- lectrick 13y ago> regretting having sold bictoins earlier because of some feeling They turned a risky as hell deflationary asset into a low-risk slowly-inflating one :) Hindsight is 20/20. At any time, Bitcoin could experience... a problem. Which affects its value, badly. By selling, you simply dodged the cost of that risk, which is real. There will be Senate hearings soon on Bitcoin. The guidance coming out of this alone could boost the value even further... or slam it. http://www.economicpolicyjournal.com/2013/11/bitcoin-senate-hearing-november-18.html http://www.economicpolicyjournal.com/2013/11/bitcoin-senate-... And if it slams it, you should buy, as Bitcoin is a global phenomenon and is incapable of being controlled by the US Government no matter how they propose to deal with it. :) Germany and China are already quite positive on it.