Bitcoin's energy consumption is wasteful and out of control. Criticisms #1 and #2 have already been widely debunked: Bitcoin is no more “worthless” than the US.
Table of contents
- I Wanted to Kill Myself – Lost $163,500 in Bitcoin
- Account Options
- The Rise and Fall of Bitcoin Billionaire Arthur Hayes
- The Rise and Fall of Bitcoin Billionaire Arthur Hayes | Vanity Fair
/https://specials-images.forbesimg.com/imageserve/5fdcc24414d55dc006fc30f7/0x0.jpg?cropX1=0&cropX2=5183&cropY1=540&cropY2=3455)
Many of my mentors and people I met at business conferences were talking about bitcoin and other cryptocurrencies. I felt dumb not participating and it felt like the sky was the limit. These were the types of things I said to myself as I was weighing the pros and cons of buying into Bitcoin.
As the cryptocurrency market was tanking, I kept buying more. I kept buying as the markets were going lower, so that my position in it would be more favorable as it kept hitting new lows by averaging out my holdings. Related Investopedia — Dollar Cost Averaging. Related Investopedia — Falling Knife. It was a dumb move, so you gotta own up to it and move on. I felt pretty bad losing so much money.
I Wanted to Kill Myself – Lost $163,500 in Bitcoin
I got depressed and had suicidal thoughts. This would come out to be 6. So this is my new record loss that I get to carry with me going forward. At the end of the day, it goes back to this saying: you win some you lose some. Even the best of the best in all fields lose from time to time. It is what it is. What is your life? For you are a mist that appears for a little time and then vanishes. When all is said and done, tomorrow is not guaranteed and our lives are short-lived.
Where do I go from here? After taking such a huge L, what do I do? Live I suppose. And count my blessings. I know at the end of the day, I came from nothing. So if I lose a lot of money, I should be thankful that I even had the money to lose in the first place.
It also makes me think that I should focus back on what worked for me in the first place. I made most of my wealth from the stock market. I think moderation, like anything, is key here.
- What could kill Bitcoin?.
- Bitcoin’s Climate Problem.
- If Bitcoin continues to take so much energy 'it will kill the planet';
I still think that crypto-currencies have a future. I highly recommend you give it a watch.
BBC News video: Would you eat recycled landfill meat? Timothy S. Kim is an entrepreneur, blogger, investor, social media consultant and influencer, and author that has been featured on CNBC, Business Insider, HuffPost, MSN Money, Yahoo Finance, and many other national media outlets, publications, and dozens of radio stations nationwide. He currently lives in Southern California with his wife, son, and Max their loyal and friendly Argentine Mastiff.
Building and maintaining a stream of passive income is the[ This was very eye-opening, it really shows that there are no guaranteed successes in life as you have stated many times on Instagram. Just before I read this post, I invested into cryptocurrency for the first time to help pay for college. I think the future of cryptocurrency and blockchain will have a bright future ahead. God owns everything. He lets us use, borrow and play with everything available to us and things like this will happen. Thanks for being brave and telling your story. Do what you know and the rest will fall into place!!
Damn I feel you. I am studying economics and one of the biggest things I have learned so far is dont get caught in the hype.
- up btc online registration 2021?
- Bitcoin - 9News - Latest news and headlines from Australia and the world?
- bitcoin send fee coinbase!
I know it must hurt, but things could always be worse and atleast you learned a valuable lesson…hopefully. Well just keep your head high and greetings from Finland. Humble of you to share, this article inspires me to reflect with a positive attitude. The only thing I tried focusing on since Jan was controlling the effort and the work and just detaching from the results although pushing to get the best results.
Fear of poverty can screw your mindset to oblivion. But it can also motivate you to be hungry and do more and learn more. Keep it 10X Tim! Keep your head up man, and thanks for reading.
Account Options
The future of Bitcoin will not depend on the wishes of its early adopters. Ilias Louis Hatzis. I have no positions or commercial relationships with the companies or people mentioned. I am not receiving compensation for this post. Subscribe by email to join the 25, other Fintech leaders who read our research daily to stay ahead of the curve. Chaineum's blockchain services division, is developing Chaineum Segment technology, an object-oriented private blockchain.
This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR. No reference to any specific security constitutes a recommendation to buy, sell or hold that security or any other security.
The Rise and Fall of Bitcoin Billionaire Arthur Hayes
Nothing on this website shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained on the website constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed on this website should not be taken as advice to buy, sell or hold any security.
In preparing the information contained in this website, we have not taken into account the investment needs, objectives and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors.
Any views expressed on this website by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible correction. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances. Utilisez le formulaire ci-dessous pour envoyer une alerte au responsable du site concernant ce commentaire :. Site web :. Your email address will not be published.
Finyear: latest news, derniers articles.
The Rise and Fall of Bitcoin Billionaire Arthur Hayes | Vanity Fair
Morning Newsletter. La Blockchain au service des jeux de casino en ligne. Devises, bourses, taux, indices sur Finyear. Finyear - RSS Flux. Fabrick and Microsoft partner to accelerate Open Finance Crypto. No Offer, Solicitation, Investment Advice, or Recommendations This website is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by FINYEAR.
Copyright Finyear c All rights reserved. Reproduction in whole or in part in any form or medium without express written permission of Finyear is prohibited.