In poker, you need to know when to stay in a hand, and when it’s time to cut your losses. Put another way, it’s about figuring out whether you’ve still got outs, or if you’re drawing dead.
We all make these kinds of calculations regularly, whether we realize it or not. It might be about a job, a relationship, a business decision, or even a literal poker hand.
A few months ago, I wrote about whether it was time to panic regarding the price of XEC. I was cautiously optimistic then, but I also noted that maybe that wasn’t a good sign. Here’s what I wrote: “This may not be a good thing since it’s usually only after I feel total despair that we reach the bottom, but perhaps this time it’s different?”
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Great content!
May everybody, all people use eCash ASAP.
I remember when BTC was under $200, maybe even closer to $20. Back then, you could mine with a CPU. I joined some of the early mining forums and knew Bitcoin was going to be huge. But I was young, both mentally and financially. I didn’t have an income, didn’t know how to buy BTC, and lacked the discipline to hold onto what I mined. I’d sell for a few bucks here and there, then immediately regret it. I’d tell myself to HODL, but I never took my own advice. When it eventually hit $60,000, the regret was intense. But over time, I realized that if I had become rich with the mindset I had back then, it probably would’ve ruined me. I wasn’t ready. I would’ve become drunk on the money, careless, and lost. Missing out might’ve been a blessing in disguise. It forced me to grow. I’m still on that path, trying to become someone who can handle success without it handling me. That’s part of why I still believe in eCash. If it ever takes off, I feel I’d be in a much better, more grounded place to manage it. That said, it is discouraging with so many digital currencies and tokens popping up left and right. How does the world even function with this many? Imagine walking into a store and asking, “Do you take Bonk? No? How about Pudgy Penguins?” It’s getting out of hand. That’s part of what holds me back from buying more. BTC made it to the top because it had the advantage of being first. These days, a new e-currency needs more than just code. It needs presence. Charisma. Real utility. And a voice behind it, someone influential who can promote it with conviction. Without that, it just sits idle and forgotten. Maybe one day the holder of that mystery wallet will surprise us and step into that role. Maybe that’s what eCash needs. As for me, I want to invest more, but I can’t. I’m living off savings, disabled, and doing my best to get on my feet. If I had the means, I’d stock up, but right now I just have to hold what I’ve got and hope exposure grows. Thank you for the post and for the faucet gift.
Thank you for sharing. I’m glad to see I’m not the only one who thinks this way. By any chance is DDragon a reference to One Piece? 😉
Very apt words, ‘the truth is, everyone’s “enough” is different’.