Are you willing to risk it all for ideology? I am. The money and wealth is secondary.

in #anarchy6 years ago

It feels weird to lose money (on paper), much weirder than earning money and gaining money. A lot of you have experienced kicks, adrenaline rushes and extraordinarily joy and happiness due to gains in cryptos. This however doesn't feel quite as nice.

 
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But personally I feel detached to my cryptos. Middle age is around the corner. In only 4 years Im 40. I won't have any other opportunities to become wealthy. And like I have said before, I don't give a shit about having money. As long as I have my family, somewhere to live, and my health - money will come and go. And with money frustration, more work and protection comes. You can't be too flashy anyway, because then you'll be targeted by criminals and jealous people.

Also, as a minimalist and relatively bad consumer, I don't have that much I need to buy. Food, some clothes, and I love a nice fast car. And a boat..and some holiday trips, and ..well..sure, I like those things. But I don't need them. I like material things to a certain degree like most people, but I never feel attached to them.

WIth cryptos, for me, it's more ideological. I've been identifying as a anarchist or voluntaryist or (ancap) for over 10 years now - after I got redpilled. And for me, cryptos are the only moral way to go. Simple as that. FREE exchange. We, free human beings chose ourselves what means of exchange we want. Do you prefer Steem? Here it is. Do you prefer Litecoin? Here you go. Very simple.

So for me it's not a question of selling anyway. I don't care if governments ban it or destroys it. Or..I do care, but I don't care if my wealth is destroyed. The important thing is if I can answer this question truthfully; "Did you HODL?". And the answer will always be yes. I will Hodl until cryptos have enough utility as currencies that I can use them on a daily basis.

And that's when we've won the war. This stuff that's going on now is bullshit. I know for a fact that we're 15-20x AT LEAST away from being in a bubble. I just wish people understood this. And even if we do hit a bubble years from now, it will still go up after that. And you know, even if governments do manage to destroy crypto CURRENCIES, they won't destroy utility tokens (businesses built on top of the blockchain), so by hodling utility tokens, we win either way.

I'm saying this again to warn people. If you sell now...it's a big mistake. Big big mistake. This current correction, set back, uncalled for fall, whatever you chose to call it - has no reason built into it. It's based on air. If something is a bubble, it's this correction. And by being determined to hodl, you don't have to breathe into a paper bag every time this happens. I'm down 35-40% from top. Don't care.

 
 

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I'm down 50%and I don't care. This picture describes it the best

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I do not need so many consumer objects, I just like to eat well and have financial freedom to not go to the office again. I'm holding with all my crypts right now, 90% of my money is placed in cryptocurrencies, I have some confidence in This, if I sell now I will lose a few thousand dollars that I have managed to save since I started with all this. For now I'm holding on to everything, and I'll see how when this goes up and goes up even more than it was a few days ago, my savings in cryptocurrencies will also rise, they will make me more money.

I started out with something like 5% in Cryptos, because I'm so damn sensible and conservative..now I'm at like 45-50%. Haha. Maybe more like 35% now after the correction, but cryptos have been good to me as well. I won't abandon them as long as everything makes sense with them. If I found a lot of reasons to sell, I would. I can't find any.

❤We are the ones who make money so I do not fear risk. Now I will live once, so we do not fear the risk

I totally agree with the hodl'ing.

This correction is no big deal. It was bound to happen with the crazy run up we had. A few months ago Steem was still about $1. So sure it was down more then 50% from the peak but I'm still up over 300%. What other investment can you say that about in under a 6 month time span?

Cryptocurrency and blockchain technology is not going to go away. I realized that awhile ago and that is when I got more serious about keeping up on it and investing. Just don't buy crap coins and diversify. You might make a bit less in the short run but the drops won't be as big either.

I think privacy coins and coins that are moving away from establishment controlled infrastructure are the long term play here.

I believe it might be ok to sell right now only to buy with a lower price.

But to sell right now and never come back is totally absurd. Crypto still has a lot of way to growth and people should not be scared about its volatility. Besides, for what I have seen mid January is the worst for cryptomevery year, which means it’s the best time to buy more crypto!

i would do that but i usually end up missing the buy back point and loosing out overall

I would think twice about that while we're at 9k BTC range already.
Two days ago I would have totally agreed.

and we are suddenly back to 11k from 9.7k while i was watching vikings
happy to be a hodler for first time in a few days :)

@scandinavianlife, this is wise council. Our principles need to drive us, not just the money.

And if you are only driven by the money, then remember that you still own the same about of tokens that you did yesterday or two days ago (unless you sold). When the price goes up again your financial gain increases.

Never sell low!

This post has received gratitude of 1.09 % from @appreciator thanks to: @scandinavianlife.

I'm still up 46% from when I started in Crypto, so I need focus on that. I bet most of you are up from where you began too.

I need to stop focusing on the 40% down from two weeks ago. I thought I was invincible then - I'm sorry guys it's my fault - my ego broke the crypto rush!

Just 3 weeks for me to get the lesson being not greedy is better :)

This post has received a 14.81 % upvote from @aksdwi thanks to: @scandinavianlife.

The Real Rich is who know to share it with others.

No..The real wealth is to be happy with yourself. Not to serve others. You can do good things for others, sure - but thats rational selfishness. You do it because YOU want to do it.

selfish altruism

yep i believe so
but very very true most charity comes from guilt and the need to extinguish it (or mask it)

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