Topic: Bitcoin Losers - page 4. (Read 5330 times)

I will apologize to the extent that I had confused you with an poster earlier in the post and so writing from the position of assuming the answers would be that he had no plan, no intention on making one and that 'the world' was responsible for his situation. The pissy comment was to say that I was not in a mood to sugar coat my words but the truth is what it is. I don't see honesty, even if it is harsh honesty to be rude, I see it to be constructive.

I am truly glad that you have a plan and even more so that it appears to be working.

"I never once made any excuses where I am today is through no fault of my own." however seems to be a mutually exclusive statement, unless that is not what you meant to write.

Thank you.  Yeah the plan is to hold what few coins including alts for as long as possible.

Thanks and good luck to you, and to all posters offering real positive advice and hope. Sadly it seems that a few still have to learn some respect and humanity towards other peoples situations. One day they may learn that money can be easy lost.

Yah, I think it wasn't too smart of you to drop your life savings on something as speculative as bitcoin, however, you already learned this lesson the hard way it seems.  I just hope that you are still holding the bitcoin because most likely it's going to rise again to what it was at when you bought it so you could sell at that moment and put your money in a savings account

And now for the first time in my forum history I've had to actually ignore someone.

Here's the deal OP, I know this is counter from what I've said or what you wanna hear but you should suck it up. There are still plenty of good opportunities to get some coin, and to invest in BTC even if it means mining altcoin until you earn enough to make a bit of money on the side. What you should do is READ MORE into investing, trading, etc and make sure you know your stuff that way you won't make any mistakes and if you happen at a loss, RIDE IT OUT. There's no telling what'll happen, I mean look how many twists and turns BTC took in the past 2 years and where it's at today.

Keep your head up and stay strong, you can do it man. You can get back your money, it's going to take time yes, but you can do it.

Pissy or not, I don't think this is the appropriate tone to take with anyone at all. I've never once raised my voice to another person here or in real life, and I don't think anyone else should. Opinions are like you know what.

I have a plan, yes. I finally have pieces coming together, the larger part of the pie is making enough money on the side to get myself back on track. You don't have a single idea where I'm coming from, what I've been through and what I've had to sacrifice to have what little I have today. Saying "I'm pissy today" is just a cop out for being rude.

And no, no excuses. I never once made any excuses where I am today is through no fault of my own. If you have a problem with that, or that's not good enough for you then I really don't care.

Nope I've never thought any such like. For the record I was too busy supporting my business and providing jobs for my employees while bitcoin was formed. I didn't have time to analyse and invest then. I did in November last year and bought my bitcoin and a couple of alts as they were cheap in comparison.

So what is the plan? And I don't mean bitcoin related. How are going to increase your disposal income? Or are you content through inaction to perpetually scramble to feed yourself and pay your bills?

Do you have a plan? A plan to make a plan? Or do you have your excuses all lined up?

Yes, I'm in a pissy mood today. Doesn't change the truth at all.

I kind of understand what OP is talking about here. And people- get off your high horses knocking the amount of his life savings. That is rude and disrespectful, and there are millions of people on this planet that would feel like a millionaire if they had something valued at ~$650 USD.

I had read about Bitcoin for a few years, and gobbled up every news story I came across about it. Don't know why I didn't think to directly look into buying any/investing in it, I guess I just never went off to the side (a new browser tab or such) and searched for how to buy some. I finally got into it for real at the beginning of this year. And I will admit, that I, like many, did have high hopes and dreams of some wild overnight success with the little bit of money I had put into it. I ended up sitting on my ass just soaking it all in, reading and learning more and more about it as I went. Did all of the faucets/Bitcoin-earning sites/cloud mining and such. Got into trading altcoins on Cryptsy and ended up doing pretty well actually. Especially coming from buying and selling stocks for a few years, I thought Cryptsy and alt-trading was cake compared to that. Hit a few solid gains and started to feel cocky, thinking that surely I had found my new, badass stay-at-home trading career. When Blackcoin was getting pumped Hard, I bought all-in a few times and rode the pump. Each time I sold and got out I watched as it continued to rise, and thought I had better get in one more time. I ended up losing my ass and all of my gains as it went down and down, as I held pipe dreams of it bouncing back up. But alas, no it did not. I was broke, but humbled, and that can be a good thing sometimes.

However, I continued with Bitcoin, further diving into the network and the community of it. Today, I now own my own BTC website with a faucet that I taught myself how to code and write HTML, PHP, CSS and the like along the way. I have also met a lot of amazing people and learned a few things about technology yes- but life also. Though I am definitely closer to poor than rich right now, I am very happy with life and my decision to get into Bitcoin. I love being a part of this community, and am proud to be involved with Bitcoin- something I see as world-changing. We are part of the solution for fixing this somewhat-broken world, not part of the problem. I fully see Bitcoin as the device that will finally give the power back to the people. A financial entity that can unite the world, including those living in politically-oppressive countries and those under sanctions from multi-gove.rnment bullshit, or those living in countries where women would normally have no power. (Have you seen the article about the Afghan girls writing and speaking out and getting paid with BTC for it? Rock on ) In an increasingly privacy-invasive world, we are helping protect anonymity and freedom of speech and finance. And although I still have to use fiat currency for most day-to-day things, such as paying bills, I feel so much more liberated from the banksters' stranglehold on the world already. I am very confident that Bitcoin at $1200 where OP bought in at is still Very undervalued compared to the future. There is so much news breaking every single day of new companies, states & govs., and the like embracing it that I think there is no way we could fizzle out now. And I don't even really own much Bitcoin right now to benefit from a huge future price surge, I've had to spend what I had along the way due to financial hardships. I would be consistently buying more if this was a possibility at the present time. But like I said, I'm still happy. I'm happy to be a part of something great with you all. Remember that we are all in this together. Don't rob somebody or try to perpetrate some BS Ponzi/HYIP scheme. It may benefit you in the short-term, but it is only hurting our community in the big picture of it. I am proud to say I am a part of this movement.

As far as a little speculative advice for OP- I feel like Darkcoin has a very promising future. That is personally something I would invest in also given the funds. And, hopefully soon I will be able to add some to my holdings. But just remember- all of this- these cryptocurrencies, this is still only the beginning. I feel like if you sold now to recuperate losses, you would end up deeply regretting it in the future. But I could be wrong. It is speculation after all.

No, when it comes down to "Food on table" and "paying bills on time so I have electricity/water" bitcoin didn't exactly cross my mind at the time. I don't know why that's so difficult to understand.

you couldnt scrape together $14

Very nice analysis, I surely hope it makes the OP and others (including me) think for a second.

That said: please read about what you actually bought OP, it likely makes you feel a whole lot better about your investment

That's true of buying into any investment. If you don't put the work into making estimates or at least guesstimates of an investments true value and potential then you deserve whatever happens to your money.

At the time of Gox my best guess was that the floor was around $125. I was prepared to buy more at each $100 mark and really press under $200. I missed a few marks as the price fell fast. And it never reached even close to my floor. I tend to be conservative as I like my money and I'm not greedy. I never cry about opportunity missed and try obsessively to understand what I missed when I make a misstep.

Patience, hard work and due diligence. And avoid blaming outside forces. The keys to success in anything.

I was in the same position, I didn't ask to be a millionare but in 2011 when they were $14 I should have bought at least one or two. I didn't have the resources then and I don't now. The only way to get them now is through sig campaigns and getting lucky. I do feel like a loser.

from most of the stories i hear about people losing a lot of money with bitcoin, it can usually be singled out to buying after a large run-up, and it never makes sense for me. you're late to the party, so you try to overcompensate by buying bitcoin at an ATH.. only to find out that it's heading down. i sure as hell wouldn't have bought bitcoin when it was $1100.. after jumping from $110 within a 6 week window.

I was going to write something lengthy addressing the many things I find offensive about this post. But I'm going to keep this short as you have already expressed a complete lack of interest in hearing from anyone who might offer information from the perspective of success.

You started your own business, for which I commend you. You give no information but it sounds like you were under capitalized and when a downturn occurred you could not ride it out. Did you study what had occurred or did you just blame the downturn?

You stated that you bought bitcoin near the peak. Had you done any research on what bitcoin was and how market forces work or were you just being led by the hype?

And now you state that you don't want to hear from any of the successful people. You are demanding to converse only with the losers.

Are you seeing a pattern yet? Most successful people start off making a lot of mistakes. The key is they analyze what went wrong and learn from them.

BTW, you haven't lost any money. Losing money occurs when you buy high and sell low. Until you sell you have only lost potential and it makes no difference where value is at a given instance as long as you don't sell. I'd advise buying more when it is lower (now) but you've already said that you invested your 'life savings.' You might also want to analyze that decision.

there are plenty of loser stories.. dafar says he spent $16k on bitcoins and now he has 12 of them to show for it.

on reddit, one kid inherited 700k and lost more than half of that from buying high and selling low.

tons of people are getting scammed of their coins as well.

Okay, assuming he lives in one of those places, now he has 2-2.5 months of wages instead of 4.1-5.1 he would have gotten with a safer investment.  I still don't think the outcome either way is life changing enough to stress out.  Other four paragraphs of advice still apply.

When you say "loser" that can mean different things. I technically am a "loser" in bitcoin. Do you know how many coin I purchased and sold when it was between 2 and 8 dollars? If I had held on to all of them, i would be a millionaire many times over. I still did very well for myself, but not as well as it should have been.. But, luckily I stopped selling a little over a year ago and am thankful that I did.. I will only sell coins if I absolutely have to. Like, right before I go homeless.

People should be looking at it over a 3-5 year time scale. Being underwater comes with the territory. If it was that much of a dead cert each coin would be worth $1 trillion right now.