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4599441 No.4599441 [Reply] [Original]

every person on this board that made plus +100000 on BTC made a decision to not sell at +10000. how do you do this, psychologically speaking?

>> No.4599541

>>4599441
a) I don't look at the charts 24/7
b) Once you've seen your investment x10, you start to believe that it can actually do x10 again.
c) I have enough money already, crypto is just for fun and giggles.
d) Pure, raw greed.

Granted, c) doesn't apply to everyone. If I wasn't wealthy, I'd probably feel a much harder pressure to cash out instead of staying in this crazy party.

>> No.4600266

Anon is right. Disconnect yourself from need. If your life is reliant on crypto gains, you can't be unemotional about it and you will make mistakes.

This is the real reason the rich gets richer. Poor people do make stupid decisions, and they make stupid decisions because they're poor.

>> No.4600292
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4600292

You'll know when you can stop the hodl
If ever :^)

>> No.4600592

>>4599441
>c) I have enough money already, crypto is just for fun and giggles.
or, I have no material needs and money wouldn't make me happier anyway

>> No.4600630
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4600630

>>4599441

If you told your JP Morgan investment advisor you wanted to cash out your 401K every time the SP500 hit a new round number, he'd laugh you out of office after making you write him another check for an advisement fee.

>> No.4600657

>>4599441
cash out and do what, buy a lambo hookers an blow? im holding so hopefully i can cash out when i tuen 30 and retire. thanks to BTG i hit the 21 mark yesterday now all i gotts do it wait a few years.

>> No.4600688

>>4599541
Underrated comment here. Once you've made a decent amount of money in this game, you find yourself in the position where most of your net wealth is in crypto. And it's more money than you've ever had. Then it starts getting scary just to leave so much money in crypto. So you cash out to be safe, then BTC goes 5x in a year. The roller coaster is too scary when all of your money is riding on it.

>> No.4601082

>>4599441
>every person on this board that made plus +100000 on BTC made a decision to not sell at +10000. how do you do this, psychologically speaking?
I believed 100% in the tech and I have a target price I needed for retirement.
The former is the most important, for all the FUD and drop from $1000 to $250 I still believed in the tech. I am actually surprised it took this long to reach close to $10k, I expected it two years ago. I blame the block size debate bullshit.
I'm so very close to the point where I sell 1/3 of my holdings which will be enough to retire modestly on.
I will always keep 1 to 2 thirds of my initial amount because I believe in the tech. It won't be selling so much as spending.

>> No.4601290

>>4599441

I'm just holding, either to 1 million or zero.

Its getting close to enough money to pay off my house which is a big monthly nut.

The thing is, the what if's run wild, like I want to believe like there is not upper limit and that 1M bitcoin in 15 years is a thing, so I'd want to die if I sold to merely pay off a house so my wage cucking was real monthly cash flow.

Definitely struggling with this line of thinking but am pretty heavily committed to just holding for the long term(years and years).

If BTC gets to say 50K, I would probably sell a handful to pay off my house, but maybe not. The thing about having money is you start to want to really protect the pile and make it bigger, dipping into it only when its truly necessary, because you can't necessarily just replace the money with earned income. earned income is replaceable...