I'm sorry you made the terrible life decision of breeding without being rich, OP.
We beings of superior intelligence had the foresight to nip our reproductive capabilities in the bud, before they could spawn a new human and cost us untold vast quantities of wealth.
Better luck in your next life, if there is one.
Kind regards,
Beliathon
Topic: Bitcoin Losers - page 7. (Read 5330 times)
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. 
Buying one bitcoin and holding it is a bad strategy to begin with. You should look into "dollar cost averaging", a way of spreading the purchase of something like bitcoin which can be broken down into smaller chunks so as to get the most for your money. Basically, instead of paying 1000 usd for one bitcoin, you would be better off if you spent 100 usd each week for ten weeks. Obviously, there are times this would not work, like if you compare buying one chunk just before a huge rally, but since it is impossible to predict what the price of bitcoins will do it is a better investment to spread out your purchases.
This also works in the other direction. Instead of selling one bitcoin, you should sell 0.1 bitcoin each week for ten weeks to get the most USD.
But moreover, rather than just sitting on a single bitcoin and watching from the sidelines, you should try to find ways to use bitcoins. And whenever you spend some, just buy more at the market rate to replenish your supply. Bitcoins are a wonderful invention, and if you look you will find places where it is beneficial to have them. Take advantage of those opportunities.
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.
Seriously, people like you shouldn't invest. EVER. IN ANYTHING.You put money you really need in an asset that is highly speculative.
Now, you cry, because you are not a millionaire after 6 months.
6 months are nothing for an investment.
Where did I ask to be a millionaire? There was a lot of hype at the end of last year and I invested for my families future not to be some sort of spiv.
You gambled on a horse race. Your horse had a bad start. Now, you cry about the money you lost, even though the race is far from over.
bitcoin is not about getting rich quick, or quick profit (it took a long time for early adopters to get 'rich')
you are still an early adopter - it will take many years to mine... most people only heard about it in the news.
and they don't really understand how it works and how unique it is
and how it can change the world...
this is for long term, and only if you believe in this decentralized system (its probably not decentralized enough just yet)
it will take many years until the entire world uses it and everyone want to own and use even fractions
you are in a good situation. too many stories of early adopters who sold too soon (they needed cash!), or lost coins..
just keep your 1 BTC safe
comparing to the entire world's population, and limited supply. you are BTC rich.
just look at the mining difficulty increasing last few months...
i'm also not optimistic about the price getting recovered in the very near future. or maybe even ever.
you are still an early adopter - it will take many years to mine... most people only heard about it in the news.
and they don't really understand how it works and how unique it is
and how it can change the world...
this is for long term, and only if you believe in this decentralized system (its probably not decentralized enough just yet)
it will take many years until the entire world uses it and everyone want to own and use even fractions
you are in a good situation. too many stories of early adopters who sold too soon (they needed cash!), or lost coins..
just keep your 1 BTC safe
comparing to the entire world's population, and limited supply. you are BTC rich.
just look at the mining difficulty increasing last few months...
i'm also not optimistic about the price getting recovered in the very near future. or maybe even ever.
I bought several at $1.000, many others at $550, but at the end, I am a looser in term of financial results.
But absolutely Hodling. Never sold any Bitcoin, only bought and HODL
But absolutely Hodling. Never sold any Bitcoin, only bought and HODL
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.
Seriously, people like you shouldn't invest. EVER. IN ANYTHING.You put money you really need in an asset that is highly speculative.
Now, you cry, because you are not a millionaire after 6 months.
6 months are nothing for an investment.
Where did I ask to be a millionaire? There was a lot of hype at the end of last year and I invested for my families future not to be some sort of spiv.
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.
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.
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.
Bitcoin is not a terrible purchase, just wait a couple more months and the peak you bought in it won't be an ATH anymore.
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.
No, I'm pretty much winning BTC The system is the biggest innovation of the decade, I think the price will go up 10x in the next 2 years.
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Bitcoin isn't a magical money making scheme. It's always a risky business investing in anything, but the first rule of investing is always only risk what you can afford to lose. Your faith in Bitcoin as a technology shouldn't have been shattered but maybe you're just in it for the wrong reasons. All you can do now is to hold onto the coin and hope it regains the cash value you paid for it which I'm sure it will eventually do.
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.
Seriously, people like you shouldn't invest. EVER. IN ANYTHING.You put money you really need in an asset that is highly speculative.
Now, you cry, because you are not a millionaire after 6 months.
6 months are nothing for an investment.
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.
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