At that age yes imo. Would think it would a be a cool gift, but might require some explanation.

I'm guessing ppl are pulling their money out into FIAT for the lead up to Aug 1st right?

Many probably will. Especially if we start seeing hiccups in the btc1 deployment plan.

How many ITT annoyed they didn't sell @ 400 lol?

Was thinking ppl may move into Alts in the mean time.. sadly it seems not

do not give people eth or any kind of crypto for their wedding if they are not fanatics and you would have to explain it. jesus.

Still at about 890k.

No deleveraging.

Rip in peace

Rest in peace in peace?

I think he means rip it to pieces

Papa roach last resort

... Someone doesn't internet to much I see...

EOS almost done unloading:
https://etherscan.io/address/0x9937d...cf4#internaltx

Yep, almost done.

335*2000000

It's annoying but I think a lot of people itt are long term holders and weren't really interested in making a quick 20k or whatever. If it goes to zero it goes to zero and I'd rather live with that than missing out on a million bucks because I wanted to cash out prematurely. At the end of the day it's 3% of my investment portfolio. For the ******s on Reddit who dumped in their life savings im sure there's a lot of sad

Actually, I am that ****** you describe and still sleep perfectly fine. I did buy it with the idea I would cashout once it was life changing, and that did not happen yet so nothing changed so far. Sure a big upswing and downswing but that does not influence how my investment will do in 5 years.

ETH was $8.xx on Jan 1. "Dumping it when it's life changing" is so dumb. Think about it.

Two SHAE,

Basic Kelly Criterion says otherwise.

Anyone buying at ~$150?

Or are we in 'wait & see' territory?

Had life changing money at the peak, which is still a hefty sum...but when I got in initially the plan was to hold through Casper release, so there was no reason to consider selling at 400 when I assumed price would be much much higher in late 2018/2019. Call it greed perhaps, but still sticking to the plan I had when I got into this space.

Will be interesting to see where we go, fortunately I'm not all in and life will be just fine either way. Another massive positive for holding 1 year+ is long term capital gains which is like 20% or more saved. Lets run it.

I lost a bunch of money in this downswing but it's whatever. Still holding for a year or two.

I didn't mean it from a personal finance perspective. I meant that if lots of participants in the market are going to dump when it's life changing, then if you bought in at <insert not really early price>, then it's not ever going to become life changing for you. You'd just be the baghodler in that scenario...

Invest long-term because you believe in the tech/team/roadmap etc, or trade short-term because you have some unique insight and a great understanding of the overall market. The idea of "I'm just going to chunk in 20k and sell when it's 200k" is just silly degen poker player gambling.

Kudos for sticking to the plan and your convictions, I wouldn't call it greed. Greed is the guys who were bragging about getting in at $200 when it shot to $420 and those guys probably sold already.

And yeah your point about taxes is crucial. If you have other income such as poker that already puts you in a high (or the highest) tax bracket, then you get absolutely rekt on short-term cap gains if you're from the US. It's important to understand the tax implications of the trades/transactions you make.

A lot of backwards thinking about the utility of money ITT.

The most valuable dollar gained is the first dollar. The most valuable $10k gained is the first $10k.

I've just started to look into how the EOS crowdfund works. I know they've been unloading and only have like 100k coins left of their orginal 400k. Here's the bad part. This thing runs for a ****ing year and they appear to be raising thousands of ETH per day. Every day is a new auction. Who knows, maybe people are buying ETH to buy EOS only to have EOS sell the ETH back.

All I have to say is if they manage to raise thousands of ETH per day and they plan on dumping them consistently, that's gonna be some overhead pressure for a bit.

Also, when the **** is Tezos going to sell?

I gave the sell signal at $290 and my buddies have been hitting me up since $260 wondering if it's time to buy back in. I keep saying, just be patient. I want this situation to play out or ETH to get super cheap before I think about re entering.