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Topic: DID I MAKE A MISTAKE INVESTING IN BITCOIN? - page 18. (Read 5142 times)

full member
Activity: 868
Merit: 104
October 02, 2019, 03:29:02 AM
#55
Its too early to say that investing in Bitcoin is a mistake.Those who invested in early 2017 are still in profit and if they had withdrawn it in early 2018 it was indeed the biggest return in any asset at the same time who bought there at $19000 are struggling to breakeven their capital. The way Bitcoin is being adopted at many big platform it may be called at wise investment but the way many govts. bigger financial institutions are behind its existence it may be consider as risky investment as well. I think Bitcoin will hold strong in coming years and investment made into it must return fruitful.
member
Activity: 98
Merit: 24
October 02, 2019, 01:58:15 AM
#54
The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?
It happened 4 times already (4 bubbles). In each bubble there were people like you, that bought on high or highest point and waited years to get their money back or wait a little longer and get 10 times their money.
Most of people like you sell at some point before next bubble, taking a loss. Some wait to get even, but majority are not suitable for investing and commitment, which is often hard, sometimes very hard and sometimes impossible.

I hope for the best for you, you did take risk, you bought high but only when you sell you will decide your fate Smiley so not everything is lost  yet.
wow, I didn't know this,  you see I have learnt about the setbacks experienced with Btc in times past,  am sure others has too.  Thanks a lot for contributing
legendary
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
October 02, 2019, 01:53:02 AM
#53
If you have invested in Bitcoin just because a friend told you to do so then you have made a big mistake, but that doesn't mean you're not going to make profits. After all it all goes down to this - is bitcoin going to become adopted as a mainstream currency or not? If you do believe in BTC on the long term and you are ready to hold it through the crazy volatile movements of the market then go for it. But as a rule of thumb you should never base your decisions on another person judgement. Just my 2 cents..
member
Activity: 98
Merit: 24
October 02, 2019, 01:46:24 AM
#52
that question is avoidable for a wise bitcoin investor because he will try to play safely .  in the case of you, how can you say that  you did mistake on investing in bitcoin where you dont even state your reason on why you come up with this question  . we dont know if you loose or not  . you can only say you made a mistake when you loose or when you buy at high and then you sell at low  .  literally , you cant go wrong with bitcoin because its the most safest crypto asset ever . its only how you handle your btc  .
This post is not about me,  it is an Avenue for people to be encouraged and enlightened about Btc investments, especially newbies...
 Thanks a lot for your contribution
full member
Activity: 634
Merit: 118
Bounty Hunter Indonesia
October 02, 2019, 01:42:52 AM
#51
I think you really made a mistake in investing in bitcoin if you only look at the price of bitcoin itself. You should have known before investing in bitcoin that the price of bitcoin is very unstable and you should have a plan for it. Just to remind you, bitcoin is not a shortcut to getting rich but bitcoin can make you earn money if you understand everything about bitcoin Wink
member
Activity: 98
Merit: 24
October 02, 2019, 01:36:51 AM
#50
Investing in Bitcoin is one of the most intelligent things that you've ever done with your money. I can't think of a better investment!! Well, what else did you consider investing in? The stock market is peaking and is going to crash soon under the terrible leadership of Donald Trump. once he ruins that country, people will flock to bitcoin because they'll know that it is the truth and the future.
Lol,  Btc is king,  so I believe too and so should other newbies
full member
Activity: 1750
Merit: 118
October 02, 2019, 01:26:28 AM
#49
that question is avoidable for a wise bitcoin investor because he will try to play safely .  in the case of you, how can you say that  you did mistake on investing in bitcoin where you dont even state your reason on why you come up with this question  . we dont know if you loose or not  . you can only say you made a mistake when you loose or when you buy at high and then you sell at low  .  literally , you cant go wrong with bitcoin because its the most safest crypto asset ever . its only how you handle your btc  .
jr. member
Activity: 178
Merit: 4
October 02, 2019, 01:20:10 AM
#48
depending on how the person views BTC,
if we view BTC as an asset, then it can be an investment choice,
if we view BTC as a means of payment, it is not possible to invest in BTC, because people invest know the benefits and advantages, and it all depends on how we judge BTC,
small example, if we consider BTC as a speculation tool and many people have lost money in BTC, then of course that person does not invest in BTC, because they do not believe and only the risk is obtained.
so, mistake or not depends on how you see and rate BTC. That is your decision, because it is your money.
how do you view Btc?
hero member
Activity: 1890
Merit: 831
October 02, 2019, 01:18:12 AM
#47
When you invested in Bitcoins you were only thinking about profit but putting aside what losses you can bear therefore I think that it is not something that you did and turned out to be a mistake , there are times when you have to wait to see the bull run , patience is the key , people are waiting since years and therefore I think it is not at all a bad thing, you need to wait for the market to be good again.. it's not magic , it's not lottery , it's Bitcoins , they are unpredictable.
sr. member
Activity: 1316
Merit: 257
October 02, 2019, 01:04:01 AM
#46
you are on the right path, bitcoin investments are right compared to investing in alt. but something to note here is
try investing at the lowest price as possible, so your investment is more effective and not in risk if price significant changes.
try to sell again when the market is pumping, if you want instant profit.
legendary
Activity: 2898
Merit: 1006
Leading Crypto Sports Betting & Casino Platform
October 02, 2019, 01:17:44 AM
#46
Mistakes or not it depend on your personal thought but knowing the risk before investing would be wise act because although some of people provide good testimony during invest at bitcoin but often too i see there was plenty of people have been failed to do this but you should be realize invest at bitcoin cannot ensure you became an millionare so if you thought this way can makes you instantly rich then you're clearly wrong about it and it took a lot of efforts to being an successfully bitcoin investor
hero member
Activity: 2114
Merit: 619
October 02, 2019, 01:15:33 AM
#45
You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?
If you invested in bitcoin thinking that it ran all the way upto 20k from 5k then maybe you are innocent or too foolish because mommy always told you to get yourself in get quick rich schemes. But the thing is that BTC isn't that. People Invest in BTC because they know that it is a world changing technology which is soon going to impact our lives(by soon I mean maybe in matter of years) and when it does it would be a thing which everyone would want to buy and die for just like they are for fiat today. Either hold your BTC until this day or I have a better plan for you learn trading and trade your way out irrespective of the fact that in which direction market goes. Market is a meter no one can stop it from going up and down but utility does always stays and that is what BTC is having.
jr. member
Activity: 178
Merit: 4
October 02, 2019, 01:15:07 AM
#44
Still very early days to invest in Bitcoin, maybe not as earlier as a few years ago but still now is probably a good time. Where will the price be in 5-10 years? $100 or $250,000+ per Bitcoin is my guess.
wow!,  that's a lot, but not impossible though,  Btc has a great future...
 By then every investor would be happy that they invested
hero member
Activity: 835
Merit: 500
October 02, 2019, 12:50:24 AM
#43
Bitcoin is a long term investment without any garanty like lottery or casino but not a bad investment of course Smiley
sr. member
Activity: 1554
Merit: 334
October 02, 2019, 12:47:59 AM
#42
You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?
As of now, I don't think it's a mistake to invest in Bitcoin. However, all investments have risks associated with them. You must be prepared and be wary of the prices, don't panic when the price drops. I see Bitcoin as the future, with the constant growth and awareness of the people with its potential and security, I don't think it would go as low as nobody would want to invest on it.
full member
Activity: 539
Merit: 100
October 02, 2019, 12:42:42 AM
#41
I don’t think that investing in cryptocurrency is a mistake, even if you lost your money, it’s just a fee for the experience
full member
Activity: 644
Merit: 100
October 02, 2019, 12:33:20 AM
#40
You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

Many new investors want to get rich quickly, but they do not know about the risks faced. For new investors, it is important to conduct analysis and learn about Digital asset trading. Many YouTube videos about Digital Asset trading that you can learn.

From the declining crypto-market conditions you can use to buy coins that have good potential. And if then the coin price returns green you can sell it. To make a profit certainly does not have to wait for the price rises very high.
hero member
Activity: 756
Merit: 507
October 02, 2019, 12:24:55 AM
#39
You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?

I think that people who had decided to invest in bitcoin, must been read the history of bitcoin price's fluctuation many times. They learned the lessons.
And based on that lessons they knew what to expect. The risk is high, but the potential profit is high too. I guess chances of winning here is really higher then in a lottery.
so hardly they made a mistake..
hero member
Activity: 2156
Merit: 711
Telegram @tokensfund
October 01, 2019, 11:59:36 PM
#38
That doesn't mean that you have lost everything and Bitcoin has gone away from the market, Not at all, Night is still young Dude. Don't make any decision in a hasty way. It's a matter of time to get a high price again up. don't be worried in this way. You should take every decision after taking it very carefully, I also let you know that Bitcoin is not a profit-making coin, it's like money, it's a payment method, If you want to make some profit from Bitcoin then you have to hold for a long time and wait for the high price. Again I want to say that Bitcoin is not the key to make rich it's a digital currency so let it be clear. Long term investment in bitcoin is always profitable. So try to hold for the long term. Don't sell under your target price. As bitcoin will cross your target price for sure.
sr. member
Activity: 1456
Merit: 359
October 01, 2019, 10:57:52 PM
#37
You know this question is unavoidable...

DID I MAKE A MISTAKE INVESTING IN BITCOIN?

 A lot of people have heard of the benefits achievable with BTC investments and decided to invest.
 The recent market setbacks have brewed a very big question in the minds of new investors...

 What will be your response to this question?
There is a misconception formed in the cryptocurrency community about investing in bitcoin, many people thought that they can become rich easily if they do bitcoin investment. If our mind set is like that, we should change it for us to protect our capital.
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