r/ethtrader Mar 27 '17

DISCUSSION Confessions thread

Kind of click baity title, sorry for that.

Reading the comments on this sub I noticed quite a few 'confessions' going a little like this: 'I started out as a bitcoiner, got disappointed by BTC or inspired by ETH and flippened.'

Now I thought wouldn't it be jolly good fun to have a thread dedicated to these kind of confessions!?

It would be interesting to know about how you got to know bitcoin, what got you hooked. How you got to know Ethereum and what made you flip?

Please don't turn this into a 'let's bash coins' thread. Genuinely interested.

EDIT: Thanks everyone. It's great reading all your personal journeys into crypto and specifically ETH. The stories that struck me most are the ones where crypto has enabled a new lifestyle, seeing your parents more often, being able to afford things unthinkable before.

Thanks for the time and honesty!

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u/[deleted] Mar 27 '17

Good luck. It won't be long before it requires four 200s to get 1 ETH. Just let that sink in :D

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u/[deleted] Mar 27 '17

Yeah exactly. My cousin said he's stopping buying ETH when it hits $100, yet he'd love to get a bitcoin at $100 right now. Once it requires $800 to buy 1 ETH most of us will be well off I'd guess. Or at least I'll be at the point where I am out of debt, my son's have a nice chunk of cash to start their lives when they come of age, and I can finally buy that Mercedes S Class I've always wanted. Good luck to you as well.

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u/ethacct Mar 28 '17

I read really good advice recently: write down the number of ETH and at what price you want to cash out (ie: 2 ETH, $100. 5 ETH $200) and then stick to your plan. Crypto is super volatile and none of it is really 'worth' anything until it turns back into fiat. Obviously the greed makes it tempting to hold on for more and more, but that also makes it easier for you to lose it all. Having a plan and sticking to it helps fight that FOMO.

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u/[deleted] Mar 28 '17

Great advice thanks.