Being impatient will cost you

Davereplicant

@btcseven
I mined one BTC and transferred the lot into FTC as soon as ASIC happened. That was around 5 years ago. At the moment it still looks like a mistake but who knows?

j0k3rhd

@davereplicant

I mined 2 BTC back in the day, and spent it on things lol, … LOOK at it now lol, :P … i just think sometimes you gotta say you needed to use it at the time other wise u would go MAD :P

I now have a mini collection of coins,… which i wont sell even when i exchange it for cash, :P … Just incase another BITCOIN happens on cost :P

P.S COME ON FEATHERCOIN, :P …

ChekaZ

All I can say to that is.

HODL

j0k3rhd

@chekaz

I sold them AGES ago :P … Needed to clear a little debt so i dont really mind haha… Needed to be Paid…

Now on the other hand my FTC/STORJ/LTC/BURST are going NO where lol, :P …

ChekaZ

@j0k3rhd Iam holding all my cryptos since 2013 ;D

Moonman

I sold a very small portion of my ftc in the summer and quit my dayjob, now i am holding with an iron fist.

Also, the coins i mined before neoscrypt…
Feelsgoodman.jpg

j0k3rhd

@chekaz

You are on the Ball :P … Im hoping a Storj tokens from Crowdsale :P WHICH IS GOING NO WHERE haha…

But, Hoping Year 2018 is the year of the Feathercoin :P

j_scheibel

i have an exit strategy, but it involves me never being completely out of it. I thought i’d share cause i’ve been delighted with it since i decided to use it (about a year ago) basically pick a target price that gets you back your investment + whatever gains you want to see if you were to sell half (assuming you payed for hardware/bought coins you have something in it). then every 10 fold increase sell half of the remaining. it may be YEARS for the first sale. but everything after the first sale is profit (in fact the first sale should make you a big profit) then each “payday” is 5 times the previous so you can afford to sit back and just wait on all of it. It also happens to mean that when ever you get paid you always have that much more still sitting around. trying to hold on longer might give you more gains but this progression seems to do a good job of giving good reward without waiting forever.

ex: Sally has 10,000 feathercoin she got a 4 cents a piece. so $400 in it. she wants $1200 dollars back for her time and effort. So she sells 5000 at 24 cents and gets her $1200. She still has another $1200 worth at 24 cents… but the plan then is to sit til $2.4 and sell 2500 she’ll get paid $6000 when that happens… repeat at $30,000 ($24) and eventually $150,000 ($240 each) sure the last one might happen in 30 years but its just awesome when it does.

j0k3rhd

@j_scheibel

I like your thinking, :)

I kind of took my original investment out of storj, :) when and kept a load still back for another sell, But i like your method.

Lordas

@btcseven said in Being impatient will cost you:

I had bought feathercoin at 2 cents and sold at 5 cents. It is now 43 cents. I will not make the same mistake. There is no reason feathercoin cannot reach $50 plus.

In some time I was mining ~300 FTC per day and selling them to ~0.02$… thats around 6$
If I keep these until now… I can exchange for ~130$ per day… man…

Wellenreiter

@j_scheibel said in Being impatient will cost you:

ex: Sally has 10,000 feathercoin she got a 4 cents a piece. so $400 in it. she wants $1200 dollars back for her time and effort. So she sells 5000 at 24 cents and gets her $1200. She still has another $1200 worth at 24 cents… but the plan then is to sit til $2.4 and sell 2500 she’ll get paid $6000 when that happens… repeat at $30,000 ($24) and eventually $150,000 ($240 each) sure the last one might happen in 30 years but its just awesome when it does.

Works only, if the coin goes up and up and up and up and… ;)

j_scheibel

@wellenreiter well… i mean sure :) . there was a time for well over a year that i wondered if my odds were very good at all of ever seeing a sale.

A more conservative version would work for stocks. where you just try to get a doubling so you can use house money as it were. or an even ~more~ conservative version would be selling 75% the first uptick that breaks you even. so it only needs to go up a 1/3. i figured either crypto currency was gonna stay (and climb forever) or the money was gone. feathercoin has pretty much been my favorite since i learned about how it split off (and why) from lite coin… and how developer/community driven it was. i said… this is what you need for long term stability and the abbility to adapt. here we are! so tooo the moon! wait no. that’s doge coin. (which i honestly cant believe dogecoin is still around ;) )