Feeling the burn - page 2. | Bitcointalksearch.org

Gaaara

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Quote from: pacman7331 on June 02, 2017, 09:43:45 PM

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

It is a tough choice, maybe you could buy or invest altcoins and then do not buy or invest at only one altcoin, by doing so you could spread your posibility of winning chances. There is always a counter part though, you can somehow assure your profit with this but your profit value is less wider than focusing in only one.

chaser15

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Undeads.com - P2E Runner Game

Quote from: pacman7331 on June 02, 2017, 09:43:45 PM

I dunno what do ya'll think? Buy in at 2400$?

Go.

Remembering your past activities will just give you more regrets. Since you are here in bitcoin world for long time, you must know that in long term, bitcoin should reached much higher prices than the current. This $2,400 value will soon be considered as cheap price. If you have some spare funds then just do the buying. Price down is possible on the way but are you going to wait for that before to buy? What if it will happened on $3,000 level? It's not too late and never be will. That is the risky method that is worth to try.

cellard

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Bitcoin entry price is irrelevant if you are here for the long term since we'll be at $100,000+ by 2030

Altcoin speculation is another story. You want to buy LTC now? i dont really get your message.

I think LTC may be one of the ones that pump during a possible UASF-fueled turbulences.

If we are able to reach an agreement, it will be the best, if not, then we may have some fireworks with smart money will use to enter the bitcoin market for a discount. Some alts may or may not pump.

Dimelord

hero member

Activity: 490

Merit: 500

Even now you are not too late since bitcoin price is expected to reach soon from $2400 to even $5000.
But your previous experience should give you a lesson.Never jump from bitcoin to altcoins on seeing spikes.No altcoin could become a bitcoin in any aspect.Just buy as much bitcoin as you can now.

maku

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Quote from: pacman7331 on June 02, 2017, 09:43:45 PM

I dunno what do ya'll think? Buy in at 2400$?

Just buy BTC, at any price really - $2400 is still fine price compared to our recent ATH price. We can be absolutely sure that BTC will reach and beat previous top price.
You lost money during your previous trading sessions because you were too impatient. If you would keep both BTC and LTC to this day your profit would be enormous.
If you want to earn fast buck focus on ICOs, pumping shitcoins. If you want have solid ground and profit for sure just hold BTC - position trading FTW!

Reid

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You made the choice and now learned from it.
Think of it the other way. You got courage doing that and you might be feeling the regret but have tou ever think what if you didnt made that mistake. Will you know this facts now?
You cant go back to that mistake but you can earn it back with your new knowledge.

severaldetails

hero member

Activity: 959

Merit: 500

Quote from: xFiber on June 03, 2017, 09:34:00 AM

Unlucky man, but don't let those experiences ruin your succes in the future. Try to learn from your mistakes and be patient. You haven't lost if you haven't sold(HODDLL).
Personally 2500$ per bitcoin is still a buy since the potential of bitcoin is super high in my opinion. You can maybe wait a couple of days for the price to stabilize around the 2200 mark but it might as well go to 2800 and test the ATH

I think that is exactly what an investment int bitcoin (or any other crypto currency) needs: patience.
The price is so volatile, there is no way to predict how it behaves in the near future.
But if you look at the long run, it has always recovered to a level where it before at some point.
It can take a while, some years maybe, but it will always recover to a point where you can sell without loss.
Just be patient and do never panic.

xFiber

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Unlucky man, but don't let those experiences ruin your succes in the future. Try to learn from your mistakes and be patient. You haven't lost if you haven't sold(HODDLL).
Personally 2500$ per bitcoin is still a buy since the potential of bitcoin is super high in my opinion. You can maybe wait a couple of days for the price to stabilize around the 2200 mark but it might as well go to 2800 and test the ATH

onrise

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Well sad to know about it. But you know that alt coins are generally not the best bet unless you are sure that even after a year that coin will have value and exists on exchanges. Well btc on the other hand will always be there though its value may rise and fall but it will not be that too bad as it will always rise even after the fall and this we have seen in past too.

yakushev

full member

Activity: 448

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While you think and doubt - the price is growing. You just waste time. Just buy bitcoin and do not think about what happened in the past. Now the price will go up all about it say. You still have a chance to make money on it. If it makes you feel better, I'll tell you that I also plan to buy bitcoin now

Mometaskers

hero member

Activity: 1764

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If you're into holding bitcoin as an asset for the long term, I don't see any reason why you shouldn't buy now. I mean, it only looks disappointing in hindsight but no one could have really anticipated this. I saw The Economist sharing a post of FB saying that if you bought $1000 worth of Biticoins in 2010, it would be $46M now. Grin

Still, the prices can still rise and you can still earn some profits. Just don't expect it to keep making steep climbs. Though bitcoin has been on a steady ascent, there have been many plunges here and there.

And yeah, don't get into trading if you don't know what you're getting into. I've only traded small amounts since I don't have much to begin with anyway.

klf

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Quote from: FlightyPouch on June 03, 2017, 04:04:25 AM

Quote from: pacman7331 on June 03, 2017, 03:10:42 AM

Thanks for the advice. I'll think about it as I look for an exchange. And it's true I was gambling.

Every investment is a gamble, without risks, you will not earn or get a profit, you will always be scared to invest.

We still don't know what may happen to bitcoin's price this August, many predictions are being asked and told, still we don't know what may occur. These days, bitcoin is not the only popular digital currency, theres ETH which is following bitcoin, maybe you can check it too.

Yes, all investments usually come with some kind of risks and we should take some risks based on our financial needs to grow our money for future usage. If you don't invest then you can't grow your money but we can reduce these risks by properly diversifying your funds. Don't invest all your money in any single coin but invest in few good coins. If anyone performs bad others will compensate those losses.

FlightyPouch

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Quote from: pacman7331 on June 03, 2017, 03:10:42 AM

Thanks for the advice. I'll think about it as I look for an exchange. And it's true I was gambling.

Every investment is a gamble, without risks, you will not earn or get a profit, you will always be scared to invest.

We still don't know what may happen to bitcoin's price this August, many predictions are being asked and told, still we don't know what may occur. These days, bitcoin is not the only popular digital currency, theres ETH which is following bitcoin, maybe you can check it too.

omonuyak

sr. member

Activity: 882

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Quote from: pacman7331 on June 02, 2017, 09:43:45 PM

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

I do feel your pain and hope your new investment will yeld high profit that will out value what you have lost in the past. But to be frank with you, I think you are buying at a wrong time and that is why you are lossing. If you buy goods at retail price, you will definitely going to lose, please now is not the best time to buy.

pacman7331

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Thanks for the advice. I'll think about it as I look for an exchange. And it's true I was gambling.

arwin100

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Activity: 2632

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Jack of all trades 💯

Quote from: L00n3y on June 03, 2017, 01:13:20 AM

Quote from: pacman7331 on June 02, 2017, 09:43:45 PM

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

They say that if you are playing with fire, you'll get burned. Well that's sad for you because many have thought that ltc will overtakes Bitcoin price and turn into that altcoins instead. It feels like Bitcoin is saying that "don't forget that I am the legend". Of course we can't blame people on that because we can't always predict the trends in trading and cryptocurrencies price.

I think before Bitcoin hit 3000$ you should buy now. Buy what you can afford.

To many fuds scattered before for ltc since many people say that ltc coin are much better than btc and it create little impact unto that but suddenly bitcoins price dump so hard and ltc has been left out thats why some of the investors, stakers feel bad from it and lose their hodl money for quite while. But if they save their LTC up till know well if surely they have earn even double from their capital at this matter.

L00n3y

sr. member

Activity: 490

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Quote from: pacman7331 on June 02, 2017, 09:43:45 PM

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

They say that if you are playing with fire, you'll get burned. Well that's sad for you because many have thought that ltc will overtakes Bitcoin price and turn into that altcoins instead. It feels like Bitcoin is saying that "don't forget that I am the legend". Of course we can't blame people on that because we can't always predict the trends in trading and cryptocurrencies price.

I think before Bitcoin hit 3000$ you should buy now. Buy what you can afford.

odolvlobo

legendary

Activity: 4466

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Do not invest in Bitcoin. By your own admission, you clearly don't know what you are doing. You are not investing, you are gambling.

Watch this: https://www.youtube.com/watch?v=WtKMKKnBX-Q

Do not listen to the idiots here that are encouraging you to make a bad decision.

Invest in something else instead. Invest in something you understand. You may not make as much and you definitely will not lose as much, but at least you will be able to sleep at night.

machinek20

hero member

Activity: 840

Merit: 501

If you are looking for long time investment, then you still can buy it, for the next 3 to 5 years, so many people believe that bitcoin will spike up because there are so many country start to adopt bitcoin, playing with alt coin is like gambling because the outcome is hard to predict, actually if you buy the right coin you can get more profit than bitcoin

Dudeperfect

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Activity: 1190

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I am sorry for your loss but I am sure you have learned good lessons from it. Now, I think if you are looking for a long term then you can go with the current price and with the volatility of the price which I am expecting, would give you the average price for around $2K if you are buying in small parts (multiple orders with low quantity, high frequency). I am not much confident if you are looking for short term profits.

Topic: Feeling the burn - page 2. (Read 1613 times)