Alts went on a tear from March 2017 to June 2017, and then got absolutely killed by BTC from July to November 2017. Did your alts get caught with their pants down during this time?
Did you learn any lessons? Did your alts get caught with their pants down again during 2018 bear market?
No, you have to be extremely experienced or smart to keep buying at lows and selling at tops without getting fearful or greedy. Probably 5% of this board managed to make it last year.
Brody Perez
No.. went from 4k to 650k back to 380k ish. Still happy.
Christian White
>from 4k to 650k What?
Julian Phillips
>tfw started the day I turned 18, in september 2016 and still only 70k
$25k to $600k and currently at $98k. I'm still super bullish and have sold off a few bad ICOs to make my core positions a little more robust. Sold some at the top, but immediately put them into other alts.
I wish I cashed out to fiat to make it easier to pay my 2018 taxes. I can still pay them, but I wish I planned that out better.
Jordan Wood
>4k to 650k back to 380k ish. Still happy. enquiring minds want to know how'd you get that 4k into 650k? which coins were you investing in?
Lucas Morgan
The main reason I didn't make a million is because I was too pussy. I was there when alts were obliterated by BTC and I got JUST'd so many times by holding alts that I became a pussy and only ever day traded and held btc. Still made a lot but I could have easily made at least a million if I only wasn't such a pussy.
Julian Hall
Same
David Carter
I SERIOUSLY DO NOT KNOW HOW YOU GUYS COULD GET LET YOURSELF GET UP TO 500K FROM 4K OR 25K, AND NOT CASH OUT AT LEAST 300K.
DAMN. I WOULD HAVE CASHED OUT 500K AND LET THE 100K RIDE INTO OBLIVION FOR ALL I CARE.
WAS THE REASON WHY YOU GUYS DIDN'T CASH OUT MUCH WAS BECAUSE YOU HAD TOO MANY COINS???
IF YOU HAD INVESTED IN ONLY 2-3 COINS AND GOTTEN UP TO 600k, WOULD YOU HAVE TAKEN OFF A LOT MORE?
Jason Baker
Same reason as to why you wont ever get to 500k or anything close without investing a million first.
David Lopez
I got to $600 and only had a small handful, ~4 coins at the time. Didn't cash out because of greed. Seeing the wealth rise $100k/day and happen day after day is intoxicating. I sold some, but redistributed into my other core positions hoping that they would moon too.
At each price point I felt like there was additional upside. And with PoS coins, passive income that could pay for my mortgage easily, was another reason not to sell.
Getting that high and realizing you're one moon away from retirement can cause some major greed.
Thomas Watson
Most likely ethereum.
Connor Hall
I started with 500€ March 2017 and was close to 150k€ at the beginning of January 2018. Not even 50k€ now. Feels sad, even my boomer dad told me to sell.
You just lose the perception of the prices. Like when BTC was not even 5k$ I maybe had 3-4k$ tops (i had a slow start, was just learning and missed on everything) and I was feeling so happy finally having some money. But when BTC was 15k+$ I just lost perception of the value of everything, I had seen BTC almost x15 it's value and still, I was greedy for more, each day I got used to the new BTC value and thought it had always been that high (I smoke weed daily so maybe that helped with forgetting it). Anyway, when I was at my peak portfolio performance I was literally so fucking sure it wasn't gonna crash and I was gonna make it to 1 mil. Lmao how could I be this fucking deluded, and I didn't sell a single fucking coin in the way down. I'm retarded. Would have 1 mil if I bought the bottom or not even.
David Price
this. my portfolio was worth half a million at some point. i didnt cash out cause i said "another x4 and im done" .. it didnt, 500k was the peak and now im stuck at 120k..
Cooper Diaz
I was over a million in January. Then my alts got JUSTed hard. I sold ETH and BTC around their peaks, but kept my other alts for some reason. Around 600k now.
Cameron James
I'm pretty good at hitting the lows on buy orders but need to work on selling at/near the top.
Camden Jones
The bright side is that since you guys didn't cash out and reinvest you don't have to pay capital gains. i'm sure some people did cash out and reinvested into other coins and now they're stuck with a big fat capital gains tax, that they might not be able to pay or have to sell existing coins at massive losses
William Howard
Big regret here was not cashing out just a small amount, like $5k. At $500k, it's a small amount. But now, I wish I had gotten something out of the runup; a vacation, a computer, or anything really.
I'm stuck with huge bags, but bags that I like. But I do wish I had something to show for getting that high other than a story of how I lost a half million dollars.
Alexander Thomas
I'm not gonna pay taxes my man, I would even risk prison or whatever for it. It's not that serious where i'm from in Europe anyway.
I could probably go to Switzerland (tax haven) when I have 100-125 BTC (around 1 mil $ atm) and they would just open me an account in there and that's it, it's that easy.
David Sullivan
I learned not to watch porn on the toilet while your sold alts moon.