Buying Bitcoin was a worst decision of my life - page 19.

TheGr33k

hero member

Activity: 518

Merit: 500

Quote from: minifrij on October 12, 2015, 01:12:48 PM

Previously when Bitcoin was around $1000 per coin I spent about $70 on 0.07BTC. I lost out significantly due to exchange prices, however I do not regret it.
Why? That $70 was spent on something I was interested in and made me happy. Currently, I don't care about money enough to consider that a loss.

This is exactly my point, if you are holding bitcoins to make a profit and you wait until they're at their peak to purchase them.. That's just slow and selfish.
Rather you should purchase bitcoins as you have the ability to, or if you'd like to purchase something that would be entertaining/pleasing to yourself.

You either should buy and hold bitcoin because you love it and have faith in the future of it, or you should be using it freely and actively.
Never dump most of your net-worth into something you're uneducated in OP Tongue

minifrij

legendary

Activity: 2352

Merit: 1268

In Memory of Zepher

Previously when Bitcoin was around $1000 per coin I spent about $70 on 0.07BTC. I lost out significantly due to exchange prices, however I do not regret it.
Why? That $70 was spent on something I was interested in and made me happy. Currently, I don't care about money enough to consider that a loss.

Denker

legendary

Activity: 1442

Merit: 1016

Quote from: ridery99 on October 11, 2015, 10:32:02 PM

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.

Wow! I suggest you quit whining and take the situation how it is.I know guys who bought over 20 bitcoins when price was around $800.They don't cry. And they still have their coins.Because they really believe in the success and wanna wait for breakthrough.
If you can not handle your situation better sell your stash and leave the Bitcoin scene. In 5 years when price is higher 4000 digits do me a favour and don't come here and tell us it was your worst decision of your life to sell your coins.
Man up buddy! Others are having hard times as well. Make a decision and live with it.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

Sorry to hear about your disappointment. Sounds like you made a classic bitcoin mistake and thought of it as an "investment" of some sort. Bitcoin is money and that is all. If you had bought some then spent it in a purchase, you would have seen that bitcoin is the fastest, safest, and cheapest way to send money. The idea of using it as investment vehicle was never part of the white paper and, while you can treat it as an investment, it is very poor choice.

Again bitcoin is money. If you gamble it away, lose it without backing up, join a scam, or lose it investing; that is not a bitcoin problem. Just spend it and you will see what all the talk is about.

TheGr33k

hero member

Activity: 518

Merit: 500

Quote from: ridery99 on October 11, 2015, 10:32:02 PM

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.

It sounds to me like you're someone who just recently got into bitcoin and you're bitter about not being able to reap the "early adopter" benefits.
You can't buy bitcoin with 50% of your fiat while it's peaking at 20x the highest price it's ever seen, obviously artificially inflated and then expect no market compensation ?

Of course there's going to be price compensation after 2000% price increase over a 1-week period.

chennan

legendary

Activity: 1316

Merit: 1004

Quote from: Ceizer54 on October 12, 2015, 11:32:38 AM

It depends,i never bought bitcoin so i can't say but i do know that if you bought bitcoin when it was around 600$ to 1000$,then i can understand your situation and loss but the best thing you can do now is hold and hold till it again will cross 1000$ mark and believe me it will in the near future,may be next year during halving...Anyway's you should not buy bitcoin when you feel that way..Bitcoin is still investment and investment in anything involves risk..Don't do it if you can't take Risk Wink

I'm not quite so sure about the price rising due to the halvening... but there's another thread for that. It's all up for speculation though, and if you don't see that bitcoins have no future... then I would just mainly suggest that you take your medicine and suck up the 50% of your investment you have left and just return using fiat for money.

OmegaStarScream

staff

Activity: 3500

Merit: 6152

Quote from: ridery99 on October 11, 2015, 10:32:02 PM

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.

Your never lose unless you start selling , that's the golden rule .
So you should keep them until the price goes up instead of selling them and if you bought them high and u wanted to re-sell then you should knwo that bitcoin is a long term investment and it doesn't work like that & to answer your question I like bitcoin and I never regret buying (even if I didn't buy that much) .

Ceizer54

full member

Activity: 196

Merit: 100

It depends,i never bought bitcoin so i can't say but i do know that if you bought bitcoin when it was around 600$ to 1000$,then i can understand your situation and loss but the best thing you can do now is hold and hold till it again will cross 1000$ mark and believe me it will in the near future,may be next year during halving...Anyway's you should not buy bitcoin when you feel that way..Bitcoin is still investment and investment in anything involves risk..Don't do it if you can't take Risk Wink

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: toinew on October 12, 2015, 11:13:35 AM

nobody should invest into something a few nerds (the developpers) have control over.
They could change the coins count to more than 21 millions, its just a number in the code.
The consensus ? consensus from who Grin

, the consensus is biaised since a party owns the two main media of bitcoin.
Forget about it, bitcoin is too easily manipulated by MAN

You obviously have no true understanding of bitcoin works and that any decision to make a change like that would create an altcoin not just a fork.

Towlie

member

Activity: 65

Merit: 10

Quote from: kingcolex on October 12, 2015, 09:09:31 AM

Quote from: ridery99 on October 11, 2015, 10:32:02 PM

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.

The idea that Bitcoin is going to be used as a currency instead of the investment tool or storage of wealth that all of wallstreet is flooding dollars into may not be the best thinking.

Why can it not be used as both? A currency whos value rises over time like a defaltionary currency should would be a great thing for everyone.

Kprawn

legendary

Activity: 1904

Merit: 1074

So far I have lost more in credit card theft, than what I invested in Bitcoin. Same can be said for people using PayPal {charge backs} and other high risk investments. I cannot see

why OP says he lost 50% of his investment... Nobody knows where this might be going.. If you decide to hodl and the Bitcoin price sky rocket to the Moon, you would thank us for

the advice we {The cult} gave you today. Roll Eyes

fuddudle

full member

Activity: 150

Merit: 100

Buy bitcoin at capitulation. Everybody think's they're geniuses buying the top.

toinew

member

Activity: 61

Merit: 10

nobody should invest into something a few nerds (the developpers) have control over.
They could change the coins count to more than 21 millions, its just a number in the code.
The consensus ? consensus from who Grin

, the consensus is biaised since a party owns the two main media of bitcoin.
Forget about it, bitcoin is too easily manipulated by MAN

maokoto

hero member

Activity: 770

Merit: 500

✪ NEXCHANGE | BTC, LTC, ETH & DOGE ✪

Quote from: Amph on October 12, 2015, 02:12:12 AM

this is why i never bought any, all done by investing my time, in the alt section+signature+general mining

i would have bought if i was an early adopter when btc was cheap, but right now no way, the future is too uncertain

Same here. I only bought about half a Bitcoin to invest on a HYP site, got about 10 days of profit and selled it back for cash (I was blessed by God the ponzi did not break that time). All other has been earned through signature+faucet+zapchain

The_prodigy

hero member

Activity: 924

Merit: 500

i brought some bitcoins at the time of start of the bitcoin xt drama and bitcoin price dump, so far i have made good ROI.

kingcolex

sr. member

Activity: 254

Merit: 1258

Quote from: ridery99 on October 11, 2015, 10:32:02 PM

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.

The idea that Bitcoin is going to be used as a currency instead of the investment tool or storage of wealth that all of wallstreet is flooding dollars into may not be the best thinking.

Hugroll

hero member

Activity: 756

Merit: 500

Quote from: ridery99 on October 11, 2015, 10:32:02 PM

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.

im sorry youve lost money with bitcoin but ultimately u choose to buy in at a high price and it was your decision that made you lose money. someone else choose to buy low and sell at the higher price and now has your price. bitcoin has both the positives and the negatives. you just have to be smart about what u get.

yayayo

legendary

Activity: 1806

Merit: 1024

Quote from: coinpr0n on October 12, 2015, 05:24:57 AM

Seems like OP is really just angry at himself and shifting the blame now onto the Bitcoin community. As if anyone made him drink the kool-aid...

Exactly. Investment comes with risk. People who do not understand that basic principle should not invest at all, especially not so much that they get depressed in case of a bad outcome.

If you ask me, investing in Bitcoin just for speculative purposes - that means for gaining "fiat value" - should not be rewarded at all. These kind of speculators would jump on any asset that has sufficient volatility. It's basically gambling.

Apart from that, judging by the quality of OP's other posts, this thread might as well just be good old plain trolling.

ya.ya.yo!

gogxmagog

legendary

Activity: 1456

Merit: 1010

Ad maiora!

Anything can happen, you should know this before you invest. You might lose it all.

Still, nothing ventured nothing gained.

I've lost big in btc too. I bought low but got greedy and invested in securities which bit me in the ass. I've also been hacked. All in all I could have made a fortune but I managed to simply lose a few thousand dollars.

That's the way the cookie crumbles. Don't dwell on it. It's not worth it

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: ridery99 on October 11, 2015, 10:32:02 PM

How many of you can admit that buying Bitcoin was a worst decision of your life?~~

knowing about bitcoin and buying it was (not the best decision) but a good one and i have no regret so far.
bitcoin is an investment so i made a decision about how much to invest, when to sell and how much loss i can sustain.
no investment is easy , and they will all have risks involved with them. so losing money shouldn't be a reason for you to blame bitcoin or say it is worthless.
learn to learn from your mistakes.

Topic: Buying Bitcoin was a worst decision of my life - page 19. (Read 16018 times)