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>> No. 25741 Anonymous
18th October 2017
Wednesday 8:58 pm
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In 2010 I was er, heavily invested in the Bitcoin community. I had hundreds of bitcoins. I lost them all. Right now I feel like an absolute cunt. How do I get over this sort of regret? I can't stop thinking about it. My life right now could do with even a small fortune, let alone the millions of pounds I could have had. I just needed somewhere to vent really. Fuck.
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>> No. 25743 Anonymous
18th October 2017
Wednesday 9:24 pm
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There are many stories like this, and the best argument I've heard as consolation is this:

Keeping your bitcoins would never have been a single decision to keep them until they hit 5 grand each. It would take many separate decisions over the past 7 years when they hit £1 each, then £10, then £100 and so on.

Can you honestly say that in 2012 you would have foreseen the growth that continued for the following 5 years, and continued holding instead of cashing out then? Chances are you would have taken a much smaller windfall at some earlier point in time because it would have been the reasonable decision at that time.

Regretting your loss now is not so drastically different from everyone else who never invested but wishes that they had, because hindsight is 20/20.
>> No. 25744 Anonymous
18th October 2017
Wednesday 9:28 pm
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>>25743
To expand on this slightly - would you be willing to purchase £50 worth of Bitcoins now and hold onto them for another decade, on the basis that worldwide adoption could again multiply that investment a thousandfold or more?

If you're not willing to do it now, what makes you think you would have made a different decision in 2012?
>> No. 25745 Anonymous
18th October 2017
Wednesday 9:34 pm
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There are a lot of things I'd do differently if I had a time machine. There are things that made me feel shit with regret for a good while. It's fine, it's only a smouldering core of hatred buried deep under layers of pretending to be happy. You're still gonaa make many more mistakes like that, but at least there are other decisions you made correctly. Like spending the money on drugs instead. Good man, money is evil anyway.
>> No. 25746 Anonymous
18th October 2017
Wednesday 11:24 pm
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>>25743
Exactly this - just like any other forms of investment, it is difficult to cash them out when they become losing, and even more difficult to just sit tight and hold on to them when you're winning. I've done quite a bit of stock investing - life generally gets in the way. There are very few people who can afford to invest in something and then sit back for seven years without touching it. You (mostly) need to be already very rich to get into that position.
>> No. 25752 Anonymous
20th October 2017
Friday 12:29 am
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>>25741

It's the old problem of not taking the long-term view when investing.

Many people think that short-term trading is a way to make considerable profits the easy way. And it seems reasonable enough, given that a) stocks can climb and fall dramatically within short spaces of time, and b) thousands of professional traders make their employers loads of money that way every day.

But the problem is that you as a retail investor have no way on Earth of predicting stock prices with any degree of recurring accuracy, and that you neither have the means to move millions in and out of stocks to influence their price action nor the inside information to know what big players will drive which stock up or down in the near future.

There are retail investors who have managed to make a fortune in the stock market, and most important of all, keep it. But they invariably bought stocks at times when they were down on their fundamentals and with a view to holding a stock for several years if necessary.

Traders just do not make money long-term. Trading tends to result in piss poor performance compared to buy-and-hold. But there are still enough people every day who "blow up" and lose their whole trading account because they think they know better.

I have made huge profits and similarly large losses with stock investments. I've got over 15 years experience. My noteworthy profits have almost without exception been through long-term investing, while almost all my losses were from trading. And I have witnessed enough people on trading web forums crash and burn because they thought they were the new Warren Buffett. When ironically, he is one of the most outspoken opponents of short-term trading.

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