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Topic: Bitcoin Losers - page 3. (Read 5330 times)

full member
Activity: 140
Merit: 100
June 12, 2014, 05:13:03 AM
#91
I bought some bitcoins at the very peak (high price on the high day) of a bubble.  Then the next day MtGox was hacked and the price fell to about half that.  Then the price fell month after month, losing 93% of its value.  So there I was feeling sorry for myself, with my coins only being worth 7% of what I bought them for.  Now they're up 2031%.

In short, get some perspective.  If you bought coins above $1200 you still got them very cheap.  The price is going to be in the tens of thousands of dollars sooner than you think.


Ok could you please underline your statements?
legendary
Activity: 1260
Merit: 1029
June 12, 2014, 03:51:58 AM
#90
Guys (and gals ofc), Bitcoin was made to be used. If you just hold it, you'r not doing it right. Just holding is pumping up unnatural price which will blow up sooner or later into everyone's face. What Bitcoin needs is flow. Flow from customer, to seller, to producer, back to customer...circle. Just holding wont make it mainstreem. It will pump up the price which will explode sooner or later.

It seems easy in US to use it, but here in France, hard to make any expense in btc. The only think i bought in btc was a domain name.

So I hold, but i will be happy to buy bitcoin for immediate use.

There are alot of web shops inside EU where you can spend your BTC on stuff you buy one way or another.

To add to my previous rant. If everyone holds, and noone spend anything, sellers will just stop receiving bitcoin, as there will be no profit out of it, and once that happens, it's one way street to the bottom.
hero member
Activity: 714
Merit: 500
June 12, 2014, 03:49:23 AM
#89
Sadly there are a few ugly arrogant and dismissive characters on here happy to laugh and criticise other peoples choices and savings. But I warn you never judge a man until you've walked a mile in his shoes.
If you can't take criticism than leave the internet. FOREVER.
I am a better person now, because I always took criticism seriously and not whine about how "ugly arrogant and dismissive" critics are.
We judge you according to the information you provide. If you feel misjudged, because we don't have enough information about you, it is you fault.
legendary
Activity: 966
Merit: 1000
June 12, 2014, 03:47:36 AM
#88
Guys (and gals ofc), Bitcoin was made to be used. If you just hold it, you'r not doing it right. Just holding is pumping up unnatural price which will blow up sooner or later into everyone's face. What Bitcoin needs is flow. Flow from customer, to seller, to producer, back to customer...circle. Just holding wont make it mainstreem. It will pump up the price which will explode sooner or later.

It seems easy in US to use it, but here in France, hard to make any expense in btc. The only think i bought in btc was a domain name.

So I hold, but i will be happy to buy bitcoin for immediate use.
legendary
Activity: 1260
Merit: 1029
June 12, 2014, 03:44:39 AM
#87
Guys (and gals ofc), Bitcoin was made to be used. If you just hold it, you'r not doing it right. Just holding is pumping up unnatural price which will blow up sooner or later into everyone's face. What Bitcoin needs is flow. Flow from customer, to seller, to producer, back to customer...circle. Just holding wont make it mainstreem. It will pump up the price which will explode sooner or later.
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
June 12, 2014, 03:31:36 AM
#86
Ok, here's what I'm seeing in this thread and in the general community:

1. No don't spend the bitcoin it's revolution, it's the new wave of the future hold on to it!
2. I turned my bitcoin into money and spent most of it.

Seriously, hypocritical much? A lot of the talk on the forum is how bitcoin shouldn't be a get rich quick scheme yet half of the people who let that sentence fall from their lips do the very thing they tell others not to do.

Have you ever been so desperate for food that you had to ask a strange for 20 dollars just so you could buy bread and something to hold you down? Have you ever needed to hold on to that food so desperately, that you make a loaf of bread last a week? Have you ever been in a position where you can't find work and you have mouths to feed and you don't know what else to do so you take a chance on something and fail? I mean a lot of people are talking from experience like they've got money elsewise where as people like myself and I'm sure many others don't and didn't.

To borrow the expression, aside from the money I receive for my sig campaign, I don't have a pot to piss in. I don't have insurance anymore because I'm "out of coverage" for Medicaid (THANKS OBAMA!) and if I paid out of pocket, it would be considered fraud. I don't have food stamps anymore because I'm not where I'm supposed to be, and I was supposed to go renew it but instead I'm helping my 62 year old mother out because she's fighting breast cancer and she needs help around the house. She doesn't shop, or leave the house much because she's having a hard time with the chemo. I don't see her for days at a time until she needs to go see a doctor. I'm disabled and fighting for SSI because the good old government of the USA thinks I'm disabled enough to not work, and don't deserve it. Yet I've been declared disabled by 2 different doctors, which apparently isn't enough. I can't leave the house sometimes for days because my anxiety and panic sets in so bad that all I want to do is sleep. I don't have a doctor because the stigma attached to this stupid disease or disability makes them think all I'm doing is sitting around chewing on the medicines they give me. When in reality I WANT TO WORK, and I WANT TO GET OUT but I can't. And it's not just a matter of, "oh you can do it don't give in to your mind" it's not that simple, it never is.

People have stories, and it seems everyone here's a critic. Don't discount people because they offer up some sob story, stop being so fudging critical. It's really stupid, not everyone has even a small slice of a "pie". If I were to sum up my condition in one word, it's DROWNING, not even below poverty line and yet I have a million other people, and things I have to worry about. I'm 33 years old and I can't make it on my own. That's why I got into bitcoin, because I'd hoped that someday maybe I'd have something to hold on to for the future, but I got into it just when cpu and gpu mining were a thing of the past. And now in 2014 it's entirely too late to do ANYTHING about it but a sig campaign that pays me out about 30 or 40 a week. Not much I can do with that, and until I earn enough I'm stuck.

This pretty much mirrors my situation except the business I spent years of time energy and money on building went bust and my family lost the house and all our savings. So after honouring all creditors we were left with nothing. Hardest day of my life was telling my loyal employees that is there was no longer any work for them.

Sadly there are a few ugly unsavoury arrogant and dismissive characters on here happy to laugh and criticise other peoples choices and savings. But I warn you never judge a man until you've walked a mile in his shoes.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
June 12, 2014, 12:57:57 AM
#85
Investing is all about dollar cost averaging, so you can regain some of your losses if you can invest more at the lowest point possible. If you buy 1 more at $600, you should hopefully at least break even in the relatively near future.
legendary
Activity: 888
Merit: 1000
Monero - secure, private and untraceable currency.
June 12, 2014, 12:54:45 AM
#84
Anyone else feel like one of the bitcoin losers? We hear a lot about all the winners, now including some 15 year old child, but very little on the currency's losers. I got swept up in the mania last November and dared to invest my life saving into purchasing 1 bitcoin, just as it was near peak. That turned out to be a terrible purchase for me as the value dropped since, so bitcoin has only ever lost me money. Anyone else in my boots? I'd still like more bitcoins but going on my past 6 months my confidence and trust in this new currency has been shattered.   Cry

Patience... In few months you will be multiplied by 5.
full member
Activity: 140
Merit: 110
bitcoinnaire
June 11, 2014, 09:28:27 PM
#83
Ok, here's what I'm seeing in this thread and in the general community:

1. No don't spend the bitcoin it's revolution, it's the new wave of the future hold on to it!
2. I turned my bitcoin into money and spent most of it.

Seriously, hypocritical much? A lot of the talk on the forum is how bitcoin shouldn't be a get rich quick scheme yet half of the people who let that sentence fall from their lips do the very thing they tell others not to do.

Have you ever been so desperate for food that you had to ask a strange for 20 dollars just so you could buy bread and something to hold you down? Have you ever needed to hold on to that food so desperately, that you make a loaf of bread last a week? Have you ever been in a position where you can't find work and you have mouths to feed and you don't know what else to do so you take a chance on something and fail? I mean a lot of people are talking from experience like they've got money elsewise where as people like myself and I'm sure many others don't and didn't.

To borrow the expression, aside from the money I receive for my sig campaign, I don't have a pot to piss in. I don't have insurance anymore because I'm "out of coverage" for Medicaid (THANKS OBAMA!) and if I paid out of pocket, it would be considered fraud. I don't have food stamps anymore because I'm not where I'm supposed to be, and I was supposed to go renew it but instead I'm helping my 62 year old mother out because she's fighting breast cancer and she needs help around the house. She doesn't shop, or leave the house much because she's having a hard time with the chemo. I don't see her for days at a time until she needs to go see a doctor. I'm disabled and fighting for SSI because the good old government of the USA thinks I'm disabled enough to not work, and don't deserve it. Yet I've been declared disabled by 2 different doctors, which apparently isn't enough. I can't leave the house sometimes for days because my anxiety and panic sets in so bad that all I want to do is sleep. I don't have a doctor because the stigma attached to this stupid disease or disability makes them think all I'm doing is sitting around chewing on the medicines they give me. When in reality I WANT TO WORK, and I WANT TO GET OUT but I can't. And it's not just a matter of, "oh you can do it don't give in to your mind" it's not that simple, it never is.

People have stories, and it seems everyone here's a critic. Don't discount people because they offer up some sob story, stop being so fudging critical. It's really stupid, not everyone has even a small slice of a "pie". If I were to sum up my condition in one word, it's DROWNING, not even below poverty line and yet I have a million other people, and things I have to worry about. I'm 33 years old and I can't make it on my own. That's why I got into bitcoin, because I'd hoped that someday maybe I'd have something to hold on to for the future, but I got into it just when cpu and gpu mining were a thing of the past. And now in 2014 it's entirely too late to do ANYTHING about it but a sig campaign that pays me out about 30 or 40 a week. Not much I can do with that, and until I earn enough I'm stuck.
legendary
Activity: 2296
Merit: 1014
June 11, 2014, 08:55:26 PM
#82
no sad story here, didnt lost and didnt earn yet on bitcoin
newbie
Activity: 20
Merit: 0
June 11, 2014, 08:23:35 PM
#81
I invested in a Bitcoin Company where I paid a One Time Fee of $40 Dollars to become a Founder Member of Bitbillions. Now the Company continues to Produce Bitcoin Related Earning SOurces and I Earn Bitcoin EVERY MONTH!...And I will continue to EARN bitcoin as long as the company grows...and as i type this post in this forum...the membership is well over 100,000...so I would say i was am one of the Bitcoin winners...I decided not to Buy Bitcoin in bulk until i see the price on the uprise again!
sr. member
Activity: 406
Merit: 250
June 11, 2014, 08:12:21 PM
#80
It's likely that many of the coins everyone holds now made a nice profit for the previous owners much earlier in the game. Ultimately they did lose out by not hanging on to them, but if you'd paid 1c for it and received $1 that's still pretty sweet. What people should be doing now is holding off being another rung on that ladder.

Yep. I am buying, earning, and holding. In 3 years I will not be one of those people talking about what could have been.
legendary
Activity: 2604
Merit: 3056
Welt Am Draht
June 11, 2014, 07:50:43 PM
#79
It's likely that many of the coins everyone holds now made a nice profit for the previous owners much earlier in the game. Ultimately they did lose out by not hanging on to them, but if you'd paid 1c for it and received $1 that's still pretty sweet. What people should be doing now is holding off being another rung on that ladder.
sr. member
Activity: 280
Merit: 250
Knowledge is Power
June 11, 2014, 07:46:00 PM
#78
One thing you have to keep in mind is that whenever 1 person "wins" (let's say in the context of investing into something here) , more people have to lose at the same time. Why? Because we can't ALL benefit from something - wealth is not infinite, it simply changes hands. In the context of Bitcoin, I bet you for every guy that became a millionaire (or made a thousands of dollars) from buying bitcoins, 5 guys (if not more) LOST money by buying in and out at the wrong time.

Second thing is that even if you bought in late into bitcoin, as long as you are patient and don't try to sell it (or daytrade it) , you WILL make profit no matter what. Bitcoin is getting stronger year by year, even though that may not currently be reflected by the price.
member
Activity: 112
Merit: 10
June 11, 2014, 06:12:35 PM
#77
I keep bloody spending mine.
Anytime the price goes up I spend a good 3/4 of my chunk.
Never really regret it, but I'd be much richer now if I'd held.
newbie
Activity: 2
Merit: 0
June 11, 2014, 04:50:45 PM
#76
As there are a few posters on here who seem to think that they know my life and motives, for clarity, I bought 1 bitcoin with my life savings at the end of last year. Obviously I've rebuilt some of these savings and have a relatively stable present employment situation which feeds the family. As the price of the bitcoin plummeted its shattered my faith in buying more.

Have you looked at the bitcoin price history before buying? I've bought at ~900$, well knowing about the huge price swings that have happened in the past. Of course, I was still shocked to see the price go down to $450. But I'm still holding my coins because, like many others, I'm convinced that a sizable portion of the world will use a cryptocurrency at some point in the future and to date no alternative crypto has sufficient advantages to overcome the network effect favoring Bitcoin. It seems unlikely that this will be the case in the foreseeable future.

If you want to buy more, I would suggest you buy a small amount regularly rather than a large amount at once.
legendary
Activity: 2242
Merit: 3523
Flippin' burgers since 1163.
June 11, 2014, 04:53:13 PM
#76
Minecache, you are only a 'bitcoin loser' when you lost your bitcoins (or converted them into fiat again). Consider yourself really lucky, you managed to get one of the 21 million EVER in existence. You bought a share into the Bitcoin network Itself (that is huge!). Congrats!
legendary
Activity: 2184
Merit: 1024
Vave.com - Crypto Casino
June 11, 2014, 04:47:24 PM
#75
What's a good return? Or what are you expecting?
legendary
Activity: 966
Merit: 1000
June 11, 2014, 04:43:27 PM
#74
Weak hands will always lose money.

Those who understand what Bitcoin is are confident and will never sell their bitcoins before they get a good return.
hero member
Activity: 686
Merit: 500
June 11, 2014, 04:19:39 PM
#73
im a bitcoin loser but im okay.
i got a good advice from a legendary trader.. he said, "Dont manage your losers"
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