Why i still hold my Bitcoin after losing around 1.9 Million Dollars

Throwaway for obvious reasons.

I accumulated Bitcoin from early 2013 till 2017 and all bought and traded around to 100 Bitcoins.

Did a lot of Crypto Trading in that timeframe, specially on btc-e.com, a Russian crypto gambling and trading site which was seized by the US Government.

Thankfully I had a good nose and traded all LTC I bought there to BTC and send it to myself 2 weeks before the site was shut down. At the time that was around 17 Bitcoins. Never leave your coins in an exchange.

Then 2017 came and i was a financial idiot at the time. Well after trading some more real money for some Coins I had a + of 2.350 Million Dollars.

And I didn’t sell anything but my investment of around 90k.

Now I think It was a stupid move. One of my main causes then was the Tax money I owned in some trades and I would have payed around 400k+ in Taxes which I would have liked to avoid. Maybe you can guess the country. Still – it was retarded and I know it. On the other hand, If I always had done everything from the book I would have never had such an uprising.

It also was the 5th or 6th time I had witnessed a crash. Same business as usual I thought, money can get blurry even if it´s in this magnitude.

Well, to now. January of 2019. I still have around 400.000 Dollars in Crypto, payed my taxes I owned form Crypto and iam very fortuned in life in general, so I guess I don´t mind as much as I should.

Now why do I still hold?

After seeing the manpower that was poured into Bitcoin and Blockchain development, the Education that was offered and the overall praise of Bitcoin in general – I want to hold.

I believe with the next halving in May 2020, the real Bullrun will come if the Stars align. When some form of governmental recognition and an easy to use application for buying is in place till then, we will see a hopefully meteoric rise. If average joe can buy Bitcoin easy with an App and the Media picks up the hype.

On the other hand, maybe the damage is done and no one cares anymore. But Bitcoin is still the same it was one or two or ten years ago.

Nothing changed, it just got better.

Just my story, you can make of it what you like.

-EDIT-

I didn´t expect to log on this account anymore but damn, you guys are amazing. Thanks for the mature and kinds words.

And thanks for the 6000 Satoshis, you guys are crazy.

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Bitcoin – The Currency of the Internet

How Coinstar Could Turn $62 Million Dollars Worth of Literal Trash into Bitcoin

According to an estimate by recycling and waste management company Covanta Holding Corporation, Americans literally throw away $ 62 million dollars a year worth of spare pocket change. Covanta offered CBS News a theory along with the estimate “that the coins are probably tossed accidentally.” Coinstar to Sell Bitcoin for Pocket Change at US Grocery Stores … Continued

The post How Coinstar Could Turn $ 62 Million Dollars Worth of Literal Trash into Bitcoin appeared first on CCN

News – CCN

[Voorhees] Bitcoin’s inflation schedule is set for the next 100 years: transparent, unwavering, and known to all parties. US Dollar’s inflation schedule is unknown even 1 year out: opaque and manipulated quarterly. One model mathematical & civilized; the other political & antiquated.

[Voorhees] Bitcoin’s inflation schedule is set for the next 100 years: transparent, unwavering, and known to all parties. US Dollar’s inflation schedule is unknown even 1 year out: opaque and manipulated quarterly. One model mathematical & civilized; the other political & antiquated. submitted by /u/Blockfolio
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Bitcoin – The Currency of the Internet

It would be impossible for every Fidelity brokerage customer to own even one Bitcoin. This is why Bitcoins are worth thousands of dollars, while a dollar is only worth one dollar (and only until next year when when it’s worth 97 cents). – Erik Voorhees

It would be impossible for every Fidelity brokerage customer to own even one Bitcoin. This is why Bitcoins are worth thousands of dollars, while a dollar is only worth one dollar (and only until next year when when it's worth 97 cents). - Erik Voorhees submitted by /u/Fly115
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Bitcoin – The Currency of the Internet

Only 24 billion dollars worth of Bitcoin’s supply remains to be mined (18%)

82% of bitcoin's total supply has already been mined. Just $ 24 billion USD at today's prices remain to be mined up until the year 2140 approximately.

With the halvening occurring in 2020, bitcoin is going to become extremely scarce!

Just to put these bear market prices into perspective…

submitted by /u/BigLezHodler
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Bitcoin – The Currency of the Internet