Cut your bitcoin earnings – not your bitcoin losses

Some people like to lose out all the time; nothing is ever good enough. If only, if only, they complain and whine. Just my luck, just my luck.

You know who I mean, the one who goes out to the petrol station to buy some Ginger Nuts and who comes back with Digestives because there are no Ginger Nuts left. Just my luck, just my luck.

Similar to the same kind of person who keeps £ 2 on the football and earns £ 200, but you got beef because they only had four winners, not five, and if the team another won, they would have won two grand. Just my luck, just my luck.

Dude, you won £ 198, but you think you lost £ 1,800. You will ALWAYS be a loser if you think so.

Oh, and by the way, you can ONLY say ‘just my luck’ if you’re a Democrat wearing a badge on a day out at the Capitol on January 6th. Or a West Ham fan wearing a scarf going wrong in Millwall in the 1970s.

Just my luck … my ass.

This aspect is very common in crypto. How many times do people brag about how much (fiat) money they would have now if they hadn’t sold their bitcoin in 2012 or whatever.

Those, like this writer, who were hacked and lost 163 Ethereum (hold no word, Binance, here when needed) and will not stop going on about how much that is worth now. Others who have lost passwords, USBs or pieces of paper that mean they can’t access their unexpected millions.

They can’t stop telling everyone about their terrible luck. Missing many of them, including me.

It doesn’t stop there. There are still some who act like losers even when they have made huge profits and suddenly the price of bitcoin or other large allies plummets or even … drops.

And this was the case last week. Anyone reading this column knows how much profit investors made when bitcoin hit its ATH recently. But some don’t stop, they look up figures ranging from $ 50K to $ 100K to $ 144K to $ 288K to a million dollars because they read a bit and the people are smart tells them.

That’s what they expect. To make more and more money. They like to think of themselves as the mighty front-runners of the digital front, taking courage where no investor has ever dared before.

Then, they scream like a newborn to the brink when the price drops and they panic, boo-hoo. Just my luck, they say, just my luck. Just as the price was set to rocket to all those high places that those intelligent people had told them about and it all goes to pot.

They are disastrous, their brains are now changing direction, like those humanist socialists who now support QAnon, and all they can see are other articles that bitcoin is worth nothing, the Government are going to ban it, they’re going to lose everything … even if they’ve lost everything anyway because of the stupid way they think.

But let’s go to Kipling and the country’s favorite poem and some of you, readers, are more of a loser than I thought if you don’t know the line.

Yes, keep your head while others lose theirs. Don’t lose your head, don’t get lost, don’t panic, Janet. Think about it.

Banks pay 0.1% interest on savings and it would be a miracle of Lazarean shares if the housing market and stock market did not break down this year. Sometimes it’s time to stop that head and win your head, not lose it.

Money out a little, mofo. Money out a little. So what if you didn’t swap currency at the top and the price dropped 15% and you’re ‘going to wait a while’. This is not a videogame where you have to top the leader board, it’s real life. Silence a little, take some of your dough.

Don’t be one of those who in five years say they exchanged some of their bitcoin when the price was only $ 32,000 and is now two million. Think about it, what do you need?

Draw what you like. If you don’t like paying Capital Gains tax, then take the tax-free maximum. Why not buy a family holiday? In fact, forget that one until 2022. Why not just transfer some of your profits to your bank, take some of that money out of an ATM machine and feel the money you’ve made.

You’re a winner, baby, whatever happens. I’m sure you’ve made more than 0.1%; sometimes you can’t wait forever and forever to enjoy your profits.

And then, instead of watching the crypto prices every five minutes and polishing your little pile of digital money, you might regain some perspective about what’s going on around you.

Crypto prices, of course, will continue to rise as inevitably, and less sadly, as Covid’s deaths in all countries of the world. Stop thinking about your clever long-term HODL strategy, take some profit and maybe use it for yourself, family and friends or, maybe even for people who need it. There are millions who do.

Then you will be a winner, a baby, and you will always be a winner, not a loser who flaps and whines at the first moment of trouble. You choose to win, without being forced to lose.

Be brave, cash out a little, remember the great man or woman you always knew was inside you. By cutting your earnings, you will certainly cut the losses ahead.

Hope you do and if so … just our luck.



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