Topic: Did Bitcoin Ruin Your Life, Or Help Your Life? - page 7. (Read 21475 times)

Bitcoin has become an obsession for many people. Whether its investing, selling, gambling, or making purchases with it, Bitcoin has certainly become this trend that is much larger than it was years ago. Personally, Bitcoin has been a rollercoaster for me. There are times where I am up 9k in profit, only to be scammed by a professional for 6k. In other words, sometimes I am on top of the world thinking Bitcoin is going to make me an insane amount of profit, only to be let down feeling like I am going to lose every single dime I have because I am putting way too much hope in Bitcoin. At this very moment, I am in the process of disbanding my business accounts, and filing a certificate of disclosure. This isn't to say I have lost hope in Bitcoin, I just simply think there are too many faults that still exist with it. Even with a professionally typed paid FinCEN policy reviewed by 3 companies, scammers have still found a way to literally go above and beyond to steal money. I was involved with trading and selling, and its just got to a point where the risks were not worth the reward. I hope many of you have had more success than I! I've tried out some small gambling techniques as well, and of course that was a major failure. BTCJAM was great until multiple users defaulted on their loans. Then I tried one of the most recommended cloud mining services only to find out it was a ponzi scam and lost out on more coin from them. My last resort was to add a bitcoin faucet to my website, but there are just far too many to compete with, and the advertisement costs to draw attention were just to much for it to be worth it. I could have had the opportunity to retrieve about $2,000 from some scammers, but for me to hire a lawyer, travel to another state for a court date, it becomes too expensive and not worth it in some cases where you are scammed.

My best advice for anyone seriously getting involved with Bitcoin is the key word "money management". You might get to a point where your operation with whatever it is could be rolling in some serious money. Don't get greedy! Thats what I did. Never put in more money that your comfortable losing. If you are happy to invest $1,000 knowing it could be gone, then set that limit until you are comfortable risking a little more. For me personally, I was rewarded very fast with Bitcoin in the beginning. Then I started to purchase more, do bigger volumes of trades, and then boom, you wake up one day and your profits and bitcoin is gone from a hacker/scammer. Every person is different, every one also takes different risks and assessments when it comes to Bitcoin. All in all, has bitcoin ruined your life, or has it made your life better?

I still dont understand why people consider bitcoin as an investment, it's not.

Bitcoin is a symbol of transition from an old system to a new one, and selling bitcoin has no point.

If bitcoin were more stable I`d put all my money in it, thats how much I trust it.

Did bitcoin ruined my life? I say not really, but it ruined my schedule because I have to check from time to time the value of Bitcoin so I can decide if its time to Buy or time to Sell. Bitcoin did helped my life because its an unexpected additional income to me and my family. My income in Bitcoin is not really big but at least it can help me pay for my phone and electric bills.

Bitcoin helped more than it ruined me. Of course there have been times where I lost bitcoin from stupid mistakes, but bitcoin has taught me a lot about this technology of payment. If cryptocurrency becomes the future, we already got a head start on it.

I assume by ruining or helping,op means monetarily benefit or loss.If someone has put lots of money and time in btc and he didn't get the expected results,it can be said btc has ruined his life not necessarily literally on the other hand if he has made lots of monetary gain,btc has helped hin in his life

Not that I particularly disagree with you, but in this case the whole thread makes no sense. And just as Bitcoin can't ruin someone's life, it can't help it either, right?

You can't blame other's mistake on btc.If someone scammed you of your bitcoin,how can bitcoin be held responsible for that is beyond me.Mt.Gox case is in no way an example of btc ruining someone's life it maybe Mark Karpeles who ruined their life not bitcoin

Tell that to Mark Karpelès, the owner of the infamous Mt.Gox, and the exchange customers who lost a huge amount of money there...

Neither the first and nor the second one. Bitcoin is important for me but is excessive to pretend those qualities from it for my life. But if it will be possible to happen one of both qualities, probably will be the second one. This can be verified if some day, in some way, I will have (legitimately  ) a big amount of bitcoins. And since I believe that one day (I don't know when) the price of bitcoin will go very high, this will help to much my life.

While I don't see in which way bitcoin can ruin my life. I hate the gambling (which "eat" money) and I don't know other way how to spend those (if I would have). I don't know even other ways in which bitcoin can be ruin the life except the gambling. So no possibility to ruin my life from bitcoin.

I dont think biticoin will ever ruin somebody's life, I think it is more helpful and it makes life better, and purchasing and keeping money a lot easier.