JayJuanGee
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How much alt coin diversification is needed? 0%?


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June 14, 2018, 10:02:14 PM

Hodling is depressing in times like this.... it's my cold wallet that is being brutally hit what concerns me.


Just think about the WinkleVii's or Tim Draper's cold wallet and you'll feel a whole lot better.  Wink

I tried. But it doesn't help. Still having more money than you could probably spend (as such whales do) is not that terrible even if your net worth gets a cut of several hundred millions. Maybe I am wrong, but I don't think they are as much depressed as I am right now.

I keep repeating it but... If we could act as if that $20K peak never happened (so ridiculously soon) I would be pretty happy right now. That's the only thing that helps for me.

I played this past peak much worse than I did the previous (2013) in which I doubled my Bitcoin count. The blame is on me (or my greed).

P.S.: No, not going to break/sell. I can perfectly (and depressedly) ride this thing until ZERO. I am more worried about the amount of profits already (even if temporarily?) lost than what I still have to lose (which is LESS).

Are you really willing to let your current net worth get cut in half? Again?

The good thing is that at current price is not possible anymore that BTC cut my net worth in half no matter what it does. Or is that a bad thing? I forgot...

Btw, you didn't answer if you finally capitulated and sold everything... even though you sometimes sound as if you did.

I sold bits and pieces. Not enough that I'm not a mountain of regret. TBH


You talk about regret a lot, no?  what purpose does it serve, except to fixate on water under the bridge things that cannot be changed.  The thing that you can do is to take actions from whatever point you are at to attempt to do the best that you can and to hopefully mitigate losses and lessen likelihoods of making the same mistakes that you regret.

Any of us who are HODLers of bitcoin could myopically focus on the same kinds of regrets, no?  But if we took a strategy at $15k or $19k that in our mind balanced the probabilities of UP and DOWN, while we ended up being wrong about those probabilities and DOWN ended up being more pervasive than we thought to be possible, then we could "regret," but what good does that do? except to adjust and to readjust along the way, and hopefully living with our decision while realizing that they are not set in stone at the present, except for in the past when we made them is already gone. 

Even posters like Tera Beara, who have been posting doom and gloom since the inception of her online bitcointalk persona, ends up being largely correct, yet even though she may have been sometimes presenting the odds as really high - even approaching 100%, the fact of the matter is that she did not know.. and maybe she realistically assigned 60% to an idea that I assigned 40%, and she ends up being more correct than me, but so fucking what?  The fact of the matter remains that each of us should be attempting to come up with our best ideas for ourselves, and striving, to the best of our abilities, to tailor our strategies to our views.  The direct investment abilities in Bitcoin allows for such individualization harmonization practices, which is ultimately beautiful, in the event that we can figure out ways NOT to hate and beat up on ourselves.    Cheesy Cheesy Cheesy