Digibyte to Bitcoin. Did I make a bad move?

TravelMug

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Quote from: ajalele on June 02, 2017, 10:48:34 AM

Quote from: liblib on May 18, 2017, 08:48:47 AM

Soooo.... seeing it hit 450... do you hate yourself now?

My 1.2 million digibyte today would have been worth roughly 14.9 BTC. I sold it at 1BTC. So I would say that I am not pleased with myself. I just try to remind myself that I am still over 10X my initial investment... it helps me sleep at night.

Damn that was a big lost dude. I will be mad at myself for losing that much btc. Yeah, if you are still in the positive though, just think of it so that you wouldn't be disappointed at yourself. My strategy would be just to sell small amounts in increments so that I will have somewhat mitigate my risk just like what happened to you, Selling it all in one big dumping.

RedNovember

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If you have MILLIONS of a coin, it may be a good idea to sell off a large portion if you are tired of it, but always always keep some in reserve

just in case....like you had kept 100k

that would have been good

2bfree

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I'm investigating Crypto Projects

Probably diversification is the best answer. Here's why:

Can BTC do 16000% in 3 months? One of my investments did. So that is why I think having some 5% speculation is a good thing, but that's me. Some peple put all in BTC and that's ok, I"m doing 50% BTC right now. (maybe that is to risky and I should do more).

TKeenan

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It really just comes down to luck sometimes. A lot of these cryptos were fairly dormant and then just skyrocketed. Some after news, some out of nowhere. All you can really do is diversify and hope one of your picks in the lucky one IMO.

Djentriser

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🌟 æternity🌟 blockchain🌟

LOL I can remember when I sold all my 2000 ether when the price was 9$ to buy litecoin and after that I sold those LTC for storj as I thought that HDD mining is the new thing haha

hienyimba

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Quote from: Zenoru on June 02, 2017, 11:24:17 AM

Quote from: ajalele on June 02, 2017, 10:48:34 AM

Quote from: liblib on May 18, 2017, 08:48:47 AM

Soooo.... seeing it hit 450... do you hate yourself now?

My 1.2 million digibyte today would have been worth roughly 14.9 BTC. I sold it at 1BTC. So I would say that I am not pleased with myself. I just try to remind myself that I am still over 10X my initial investment... it helps me sleep at night.

I feel you dude, I sold 50k Stratis for like 6 btc. Had I waited until now, that would have been 175 BTC (over $400k now). Oh well, hindsight is 20/20.

There is nothing as painful as losing d long tail profit. It kills you for a long tym and you keep on calculing and recalculating at d current prices. Lol. Do take heart. I felt dis with Xrp, Stellar and now dgb. Its painful

Singbatak

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I think you did a bad moves bro ! separate your bitcoins buy half of dgb

HitTheLow

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HIT the low and HOLD till moon

Quote from: ajalele on May 08, 2017, 12:17:46 PM

After 3+ years of holding digibyte I moved it all to bitcoin. I did this believing that bitcoin would ultimately stand the test of time better than digibyte. Looking at it today my digibyte investment would be worth roughly 1.46 times my current bitcoin investment. Did I make a mistake?

of course, you wrong Wink

start hold SC or DGB now... also DOGE is a good option

ethereumhunter

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Leading Crypto Sports Betting & Casino Platform

Quote from: ajalele on May 08, 2017, 12:17:46 PM

After 3+ years of holding digibyte I moved it all to bitcoin. I did this believing that bitcoin would ultimately stand the test of time better than digibyte. Looking at it today my digibyte investment would be worth roughly 1.46 times my current bitcoin investment. Did I make a mistake?

3+ years is a longer time that you can hold your digibyte because i am sure that now you can made big money and we can see that the price of dgb is getting increase than before. i think you can save your dgb or you can sell it to make some good profit but if you want to just hold your dgb then its no big problem for you. i am sure that from time to time, dgb price will be increase too followed with bitcoin price.

Zenoru

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Quote from: ajalele on June 02, 2017, 10:48:34 AM

Quote from: liblib on May 18, 2017, 08:48:47 AM

Soooo.... seeing it hit 450... do you hate yourself now?

My 1.2 million digibyte today would have been worth roughly 14.9 BTC. I sold it at 1BTC. So I would say that I am not pleased with myself. I just try to remind myself that I am still over 10X my initial investment... it helps me sleep at night.

I feel you dude, I sold 50k Stratis for like 6 btc. Had I waited until now, that would have been 175 BTC (over $400k now). Oh well, hindsight is 20/20.

ajalele

newbie

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Quote from: liblib on May 18, 2017, 08:48:47 AM

Soooo.... seeing it hit 450... do you hate yourself now?

My 1.2 million digibyte today would have been worth roughly 14.9 BTC. I sold it at 1BTC. So I would say that I am not pleased with myself. I just try to remind myself that I am still over 10X my initial investment... it helps me sleep at night.

liblib

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Soooo.... seeing it hit 450... do you hate yourself now?

e-coinomist

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Money often costs too much.

Quote from: Raiderlam on May 13, 2017, 02:30:13 AM

Will dgb now in development? What are the items?

On 12nd there had even been issues on the blockexplorer. People keep marvelling if Minecraft will come or just a fake piece of news.
My trust into DGB after 3 years of swing trading is rather low, seen 20sat, so .. you made the right move.
Watch it hobbling forwards.

shanem

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Holding altcoins are only good for trading and not so much for investing. Any bad news or fud will drive the price of alts to a level where you can't imagine so it is much safer to store your money in btc.
At least you know that its value won't go down as much as alts. Alts are volatile so it may not be suitable if you can't stand all these price fluctuation.

Red-Apple

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my strategy is always buying altcoins cheap and dumping them as soon as they rise up and take the money into bitcoin and hold bitcoin in my cold storage until i want to buy another altcoin to dump again.

to be honest i believe you wasted your money by holding that altcoin for 3+ years, that coin like all the other altcoins without exception have no rise for very long periods of time, then suddenly they are hyped and then pumped to the moon and then get dumped back to the same low price long period. and that is why i chose my strategy like many others.

maryanti

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BountyMarketcap

Maybe you move it partly to btc or all for future savings because bitcoin from year to year will go up .. Wink

kawacaki

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We shall see Grin

.. dont get stuck in the old ways

BitcoinHodler

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HODLing is an art, not just a word...

Quote from: kawacaki on May 13, 2017, 01:30:13 PM

-snip-
If you bought Xrp on march 1 (wich i did) you would have a profit of 3855%
Btc profit margin sucks

hmm.
a solid 100-200% rise each year for bitcoin based on real adoption by real people, merchants, big businesses such as Valve last year, small businesses all around the world, and only rise and no fall apart from price corrections.

vs.

pump, where price goes up 4000% in a week to a month and then free falls down back to the usual low price levels within 1 week for some altcoins and a couple of months for the big ones.

hmm a tough choice indeed.

Raiderlam

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https://twitter.com/Geedora_/status/863456169066729474
DGB NEWS!

kawacaki

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Quote from: BitcoinHodler on May 13, 2017, 06:37:20 AM

lets check some prices shall we.
DGB price 3 years in May today was about 80 satoshi
after 3 years today DGB price is 106 satoshi today.
that means 32% profit
even if you had bought in Apr at 40 satoshi that would be 165% profit

bitcoin was $440 3 years ago in May
after 3 years it reached $1800 and now it is at $1750 as i am writing this.
that means 297% profit in 3 years.

now here is the thing to have in mind. bitcoin price will go up and if you look at the history of bitcoin it was rising in the past 3+ years for the most part.
now DGB or any other altcoin for that matter, will drop hard after this pumping phase ends. if you look at their history, they had lots of similar rises and falls. from 30 sat to 150 sat in a couple of days or a week then back to 30 sat again. rinse and repeat.

that is why i always say
bitcoin=long term
altcoins=short term

If you bought Xrp on march 1 (wich i did) you would have a profit of 3855%
Btc profit margin sucks

Topic: Digibyte to Bitcoin. Did I make a bad move? (Read 2471 times)