RE: HODL Pains...

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HODL Pains...

in crypto •  7 years ago 

While I pity you for your losses (I'm down 50% myself), I cannot overlook the fact that you've invested more than you were willing to loose. Just don't do that. Ever. That is the only thing that's kept me afloat.

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No pity, please. Lol.

In a way though, I didn’t. and it’s slightly different, as I wasn’t investing in crypto in the sense of taking fiat and putting it into crypto - rather, I was earning in crypto and keeping it in. Truth be told, one of the main reasons I didn’t pull out was because I didn’t have a proper tax strategy figured out and wasn’t willing to pay 30%+ to the government - as I’d view that as a loss I wasn’t willing to take. Instead, I put my money where my mouth was and kept it in these new systems I valued, versus the corrupt fiat empire, and was willing to ride out the inevitable waves. Just overestimated how easy it’d be to wait out the dips. :-)