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Topic: Buying Bitcoin was a worst decision of my life - page 17. (Read 16018 times)

legendary
Activity: 1470
Merit: 1004
Thank you for the encouragement. I think I'm going to buy a little more in a couple of weeks.

 Cheesy

everybody makes what they with their cash Smiley

good luck !  Grin
legendary
Activity: 3906
Merit: 1373
Thank you for the encouragement. I think I'm going to buy a little more in a couple of weeks.

 Cheesy
legendary
Activity: 1470
Merit: 1004
Well, as any investment, it may go down. BTC is a very volatile "thing/e-currency" and you should not invest what you are not prepared to lose(old quote) Smiley

You lost. That's it. Move forward. There are many other places where you can invest. Learn the lesson and move...
I know people who lost over 200K when MTgox went down. I mean, they bought BTC with "cash"(bank wire) with X amount and the price went down  and they had X-50% in a matter of one day.
legendary
Activity: 1190
Merit: 1001
Well, if you look to any other bubble in any kind of investment, even the stock market, it is completely normal to lose -50% if you invest at the wrong time.
sr. member
Activity: 490
Merit: 250
You should have not invested more money than you could lose. You should had gotten more information about   bitcoin so you could predict that the price would fall.
legendary
Activity: 3556
Merit: 9709
#1 VIP Crypto Casino
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.

I've never sold anything, I'm a long term HODLER. If you add up what I've spent from the very beginning of my investment then I'm down but I haven't sold anything so technically I've lost nothing.

You need to have patience, money doesn't often come easily. You need to work hard for it or in this case have a lot of patience.

What if bitcoin goes to 5-10k USD in 10-15 years & you look back to the point you gave up?
If you have to sell some then do it, but don't sell everything because you may seriously regret it.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I have never bought weed with my coins...
Me either.
People who are not bitcoin users always think that it is for weed and guns on the "darknet". They just pick the use case that is most shocking and go with that. No one ever talks about how I buy socks with my bitcoin, but I do.

Apart from that bitcoin's 2 most widely legal use would be: gambling & porn.

I think we need a PR team to emphasize on that, otherwise the media will demonize bitcoin further.

lol, Since it is an obvious use case that may well be true. But I have never bought those either. I buy the same stuff I used to buy with a credit card. The last things I bought were kitchen cabinet pulls and a camera bag. Not very interesting compared to drugs, porn, and gambling.
sr. member
Activity: 254
Merit: 1258
Buy high and sell low is the way to ruin for any kind of investments, it has nothing to do with bitcoin


That and don't become emotionally connected to your investments but I think we are all a bit too late on that with Bitcoin.
hero member
Activity: 854
Merit: 1009
JAYCE DESIGNS - http://bit.ly/1tmgIwK
I have never bought weed with my coins...
Me either.
People who are not bitcoin users always think that it is for weed and guns on the "darknet". They just pick the use case that is most shocking and go with that. No one ever talks about how I buy socks with my bitcoin, but I do.

Apart from that bitcoin's 2 most widely legal use would be: gambling & porn.

I think we need a PR team to emphasize on that, otherwise the media will demonize bitcoin further.
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
I have never bought weed with my coins...
Me either.
People who are not bitcoin users always think that it is for weed and guns on the "darknet". They just pick the use case that is most shocking and go with that. No one ever talks about how I buy socks with my bitcoin, but I do.
legendary
Activity: 1806
Merit: 1024
I paid too much for my BTC, and I'm sitting on an unrealized loss, but I'm planning to hodl for a looooooong time.

That provides further support for my hypothesis, that the most aggressive proponents of the Hearndresen-altcoin and bigger-blocks-no-matter-how suffer from investing too much during the last bubble and are now desperately supporting any measure that might lead to a quick increase in the fiat value of their holdings.

So my prediction is that once the Bitcoin/fiat-exchange ratio rises despite the failed hostile fork attempt, these people will become more reasonable in judgement, because they will no longer be under the influence of big unrealized losses.

I never bought BTC looking for a short term profit.  I bought it because of a long term vision and I wasn't
going to miss out on a once in a lifetime opportunity, even if it meant overpaying.  

I'm fine with it.

Stopping to lie to oneself is the first step in becoming a successful investor.

ya.ya.yo!
member
Activity: 112
Merit: 10
A cult....?

I must inform you that we bitcoiners do believe we are promoting a currency that is very efficient to the progression of financial freedom.
sr. member
Activity: 357
Merit: 250
For me personally there are 0 negative effects using bitcoin, including buying them, and selling.
hero member
Activity: 756
Merit: 500
buying bitcoin was a pretty good decision for me, actually ive been trading bitcoin for a while now and ive made about 0.3 bitcoins with trading
i wanted to get into trading a while ago, but i just coudnt i had to watch the price around every hour to see if it went up. stressed out so much that i might lose money. it just wasnt for me. gratz on making a profit by trading tho, i imagine it mustve been hard
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
Buy high and sell low is the way to ruin for any kind of investments, it has nothing to do with bitcoin

full member
Activity: 126
Merit: 100
buying bitcoin was a pretty good decision for me, actually ive been trading bitcoin for a while now and ive made about 0.3 bitcoins with trading
legendary
Activity: 1638
Merit: 1163
Where is my ring of blades...
I have tried not to put so much of my money (fiat) into bitcoin so far and I have only earned my coins through doing different jobs and investments. but one thing is for sure and that is I am not regretting my decision of entering bitcoin and putting my precious time on it.

it has ups and downs and it is an early technology, that's right but it also has lots of potential and room to grow so I see a bright future for my decision.
sr. member
Activity: 462
Merit: 250
I can draw your avatar!
I have never bought weed with my coins, never bought weed period, though it is freely available here.
For my Coins I did not spend any fiat. Did buy me some pizza and whisky with my hard earned coins.

Stepping into an investment a bit too late and ill informed is always a big mistake. You cannot blame bitcoin for that. Bitcoin is not just for investing and HODLing. It is the basis of the cryptocurrency revolution. You have invested in that, you brought change to the world, so be happy with that idea in mind!

sr. member
Activity: 294
Merit: 250
Buddy, just wait until the halfing.

The price will most likely rise during that time and you will make your money back plus some extra.
Q7
sr. member
Activity: 448
Merit: 250
I got myself involved in bitcoin not because I look upon it as a quick way to make big bucks or to treat it as any form of investment, but more towards a hobby. What got me attracted in the first place is perhaps because it is free from being controlled by banks or anyone else for that matter. And if you are thinking towards that direction, I think things will sure turn out different.
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