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Topic: Buying Bitcoin was a worst decision of my life - page 15. (Read 16018 times)

hero member
Activity: 518
Merit: 500
There are ups, downs and scams with pretty much everything you do in life. Whenever you hand someone $ you have to absolutely sure of their qualifications, reviews and experience. It's dog-eat-dog in these stretching and newly-budding financial markets. Bitcoin has been doing a good-job of weeding out those who don't truly follow the zeitgeist and IMO is moving in an extremely positive direction.

Man, I haven't heard anyone mention the Zeitgeist in a long time.. lol, well it's funny, people sometimes loose concentration on a purpose.. rather they focus solely on the here and now, not about the distant future of a better tomorrow.

I always smile when people even understand what I'm talking about after the mention of zeitgeist hahaha. We have been consistently moving towards a stronger protocol and a more valuable bitcoin.

People are only focused on "I bought 10 bitcoins at $1,000 each and now they're down 80%!", but in reality you heard about bitcoins years too late and you don't even fundamentally understand where they're headed or why they exist so you probably should've avoided purchasing them uninformed in the first place. Tongue
legendary
Activity: 1316
Merit: 1004
There are ups, downs and scams with pretty much everything you do in life. Whenever you hand someone $ you have to absolutely sure of their qualifications, reviews and experience. It's dog-eat-dog in these stretching and newly-budding financial markets. Bitcoin has been doing a good-job of weeding out those who don't truly follow the zeitgeist and IMO is moving in an extremely positive direction.

Man, I haven't heard anyone mention the Zeitgeist in a long time.. lol, well it's funny, people sometimes loose concentration on a purpose.. rather they focus solely on the here and now, not about the distant future of a better tomorrow.
hero member
Activity: 518
Merit: 500
There are ups, downs and scams with pretty much everything you do in life. Whenever you hand someone $ you have to absolutely sure of their qualifications, reviews and experience. It's dog-eat-dog in these stretching and newly-budding financial markets. Bitcoin has been doing a good-job of weeding out those who don't truly follow the zeitgeist and IMO is moving in an extremely positive direction.
legendary
Activity: 1470
Merit: 1004
I'm very new to Bitcoin and I'm so glad to hear some people still support it even with all the ups, downs and scams. On the other hand, I understand OP position, we are all in the same boat, Bitcoin can be worth thousands or nothing in the next years. With other investments, you can lose money, but there's a least a natural course of action. With Bitcoin we never know and that's both terrifying and awesome!

Then be prepared to lose and don't come to forums for whining if this thing will happen. Many people are doing that without common sense and shame.

They know that Bitcoin is a niche market full of scammers, black market, speculative trading;  they want to make money overnight but if they lose, it's the end of the world Smiley


legendary
Activity: 1568
Merit: 1000
I'm very new to Bitcoin and I'm so glad to hear some people still support it even with all the ups, downs and scams. On the other hand, I understand OP position, we are all in the same boat, Bitcoin can be worth thousands or nothing in the next years. With other investments, you can lose money, but there's a least a natural course of action. With Bitcoin we never know and that's both terrifying and awesome!
full member
Activity: 602
Merit: 100
I lost coin on Mt. Gox but that hasn't deterred me from bitcoin, I strongly support it still and will for the foreseeable future.
sr. member
Activity: 574
Merit: 250
Have you considered doubling down and bitcoin cost averaging your position? You said you're down 50%, you could lower that percentage by buying bitcoin now at the 50% discount. Here's some math to help you think it through...

Hypothetical Initial Purchase: 2 bitcoins at $500 each (since you said you're down 50% right now).

Additional Purchase Option 1): Buy 2 more bitcoins at $245, total cost of your position of 4 bitcoins is $1490 and your total cost per 'coin drops to $372.50.

Additional Purchase Option 2): Buy 4 more bitcoins at $245, total cost of your position of 6 bitcoins is $1980 and your total cost per 'coin drops to $330.

Additional Purchase Option 3): Buy 10 more bitcoins at $245, total cost of your position of 12 bitcoins is $3450 and your total cost per 'coin drops to $287.50.

The real question is - do you think bitcoin will go up in value in the future? If so, you should "double down" and drop your cost to a level that you can break even on faster.



You sir are a genius. Smiley Math is truly beautiful, I am going to tell that to all my friends now that bought in at 600-700€ a piece, that either buy more or sell it and cry about it later. Smiley
newbie
Activity: 20
Merit: 0
When I first found bitcoin, it was just play money (no value). Had some fun trading for bits. Paid nothing for them. A year or 2 later, the value went up to a dollar (1 bitcoin = 1 usd). Then another 1 or 2 years, imagine my shock when I heard the news about bitcoin. I was like, "Wait, don't I know this 'bitcoin'?". I went digging in my computer files and found the bitcoin folder with the wallet. I was shocked at how many bits I have collected.
newbie
Activity: 2
Merit: 0
Buying Bitcoin was your worst decision of your life?  Well, I know one thing about you. You've never been married. lol

This made me laugh.  True...to true.
legendary
Activity: 3318
Merit: 1133
Leading Crypto Sports Betting & Casino Platform

about to the main OP, i must say that maybe you dont understand the risk or how the trading world works, let me ask you something in a possible future scenario:

if after the halving comes and the price grow up x2 or x3, purchasing bitcoins will be the best decision of your life?

not because you lost money with bitcoin means bitcoins is a bad decision Wink

btw im so sorry about that you lost money.

That is a pure positive comment. I love it. Now I am all boost up to work more. Thank you for that man. I hope the one who started this is reading your comment now.
legendary
Activity: 1401
Merit: 1008
northern exposure
Buying Bitcoin was your worst decision of your life?  Well, I know one thing about you. You've never been married. lol

you made me laught xD.

How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

about to the main OP, i must say that maybe you dont understand the risk or how the trading world works, let me ask you something in a possible future scenario:

if after the halving comes and the price grow up x2 or x3, purchasing bitcoins will be the best decision of your life?

not because you lost money with bitcoin means bitcoins is a bad decision Wink

btw im so sorry about that you lost money.
hero member
Activity: 546
Merit: 500
Buying Bitcoin was your worst decision of your life?  Well, I know one thing about you. You've never been married. lol

Let me raise that to married with kids.... some are lucky though and it works out great, must be like 3%er.
legendary
Activity: 2156
Merit: 1393
You lead and I'll watch you walk away.
Buying Bitcoin was your worst decision of your life?  Well, I know one thing about you. You've never been married. lol
legendary
Activity: 3976
Merit: 1421
Life, Love and Laughter...
How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

victim of crypto scam coins and loss in BTC trades so dont laugh i drive Toyota 98

I made profit.

Im holding for 10000 years because we are going to be the new wealthy elite

How much did you pay for your first bitcoin?

3$

https://bitcointalksearch.org/topic/m.11738607
How much do you make, trading every week ?

About 10-15 btc a week

The OP of this thread was ridery99's last post. Any questions? In case there are...

Re: Worst mistake you did with Bitcoin?

I sent 8 btc to my friend in 2011

Wtf?
legendary
Activity: 1512
Merit: 1000
The Dude Of DopeCoin

Nothing wrong with buying weed Smiley

If it spreads to every druggist in the known universe then it looks like we're only stuck with several hundred million potential users. Quel dommage.

You are correct. TO the BONG!
legendary
Activity: 2590
Merit: 3015
Welt Am Draht

Nothing wrong with buying weed Smiley

If it spreads to every druggist in the known universe then it looks like we're only stuck with several hundred million potential users. Quel dommage.
legendary
Activity: 1330
Merit: 1000
dafar consulting
Lol  "a worst decision of my life"


Learn some english sissy boy
legendary
Activity: 1512
Merit: 1000
The Dude Of DopeCoin
How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

Nothing wrong with buying weed Smiley
vip
Activity: 1428
Merit: 1145
How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

victim of crypto scam coins and loss in BTC trades so dont laugh i drive Toyota 98

I made profit.

Im holding for 10000 years because we are going to be the new wealthy elite

How much did you pay for your first bitcoin?

3$

https://bitcointalksearch.org/topic/m.11738607
How much do you make, trading every week ?

About 10-15 btc a week

The OP of this thread was ridery99's last post. Any questions? In case there are...

Re: Worst mistake you did with Bitcoin?

I sent 8 btc to my friend in 2011
legendary
Activity: 1470
Merit: 1004
Buying/Selling bitcoin should be viewed as buying/selling any other commodity investment.  Be it gold, oil, corn or bitcoin the rules of supply/demand and popularity apply.  To the OP if you want to trade in Bitcoin start be finding out who the best commodity traders are and read everything they have to say.


the commodities are regulated, BTC is not and that's why you can be cheated very easy. Smiley

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