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Topic: How did I lose money for Bitcoin? (Read 908 times)

hero member
Activity: 1078
Merit: 501
November 23, 2018, 11:43:18 PM
#84
I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!
That is good you still manage yours loses and after all, you still know how to handle that situation. It is hard seeing those losses while the market is getting down, but you handle it carefully which is good. Researching for some information on investing and having some good knowledge with it will make us decrease our losses in the future. Good thing you know how to trade to recover your losses.
full member
Activity: 476
Merit: 100
November 23, 2018, 11:23:58 PM
#83
losing money in the digital world is commonplace and moreover the people who invest in it very much must be only the rich and if the loss is only a small thing for him but if a small person is sure to make them stressed out running out a lot of money.
sr. member
Activity: 1492
Merit: 269
November 23, 2018, 10:22:35 PM
#82
When you buy bitcoin at higher price and now bitcoin have down you have lost your money because lower price of bitcoin, you have keep and hold your bitcoin until bitcoin have higher price again.
hero member
Activity: 1540
Merit: 508
November 23, 2018, 09:52:34 PM
#81
Same to me, i have been holding bitcoin for a long time since it was at 14000 usd and now i cannot sell it. There only one thing i can do now is holding.
full member
Activity: 551
Merit: 100
November 23, 2018, 06:48:58 PM
#80
Sounds like the OP was already a millionaire, to spend 700,000 dollars on bitcoin means having that much spare cash plus a similar amount in assets like property. Good life for some!

I think losing our money is easy, but managing it is quite difficult, so we should, don't invest in one place because we never know the conditions that occur now or later.
jr. member
Activity: 1232
Merit: 1
November 23, 2018, 06:32:44 PM
#79
I loss my money for bitcoin that is way that when bitcoin price is above $10000 then I invested my fiat money in bitcoin..now bitcoin price is $4200
member
Activity: 377
Merit: 10
The Premier Digital Asset Management Ecosystem
November 23, 2018, 04:38:21 PM
#78
I think that btc is not a loss because it will rise in price soon and you will be able to earn much or at least return your money invested in the coins. to my mind, btc is a great long-term investment. I like it really much due to its benefits
full member
Activity: 392
Merit: 103
www.daxico.com
November 23, 2018, 03:50:34 PM
#77
Crypto Market really performing bad while many people expecting it would be bullish this year but what happen is market react oppositely this only show how hard crypto market to predict. but if we think market is bearish maybe that's the time crypto will become bullish.
jr. member
Activity: 224
Merit: 1
November 23, 2018, 03:08:18 PM
#76
A close study of bitcoin is required before investing. Moreover, you do not invest what you cannot afford to loose.
jr. member
Activity: 490
Merit: 7
November 23, 2018, 02:10:51 PM
#75
it looks like I've been fooled into this fantastic story !!, why does someone who already has hundreds of thousands of dollars in his grasp then scavenge for hope in a bounty that is nothing compared to what is in your wallet. maybe this is just your essay or imagination and this might be your typing in placing the number 0. Grin
full member
Activity: 448
Merit: 102
November 22, 2018, 06:04:50 PM
#74
many people have an experience like you, including me, but I only have a little BTC, and I can't control the market.

First, this is a sad story.
second, from this story we can take lessons, that BTC has high and fast volatility, $ 3000 falls within 1 week,
third, we can use this bad event to buy lots of crypto.
full member
Activity: 742
Merit: 144
November 22, 2018, 05:52:29 PM
#73
Indeed, we must be wise to manage our assets in order to have benefits, and this is what we often feel indecisive about the unhealthy market conditions, so managing this certainly requires a more observant time to pay attention to charts so that today's trading does not take our money.
In this market that is full of uncertainty, being a wise trader/investor can save you from losing bigger money. We are not sure about the future, but being more organized, more professional when it comes to trading decision the future can be good to you.

I think that you have to wait until the battle hashrate is complete, you better use this bearish time to hold or buy more bitcoin.

I am sure, you have a lot of BTC, and you can control your time. you are a small whale.
   
Holding and buying for me are the best decision that you will do during this bearish trend. Yeah, he might be a small whale and hopefully he knows what to do more during this moment of uncertainty.
hero member
Activity: 910
Merit: 507
November 22, 2018, 05:46:11 PM
#72
I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!
You are very lucky because you recover all your losses many people now are they are regretting because they buy bitcoin when the price is so high. And they don't know what they do how to recover their losses. Hope they will do search also as you do.
full member
Activity: 602
Merit: 100
November 22, 2018, 05:30:54 PM
#71
My investment history is similar to yours. But I am learning from my mistakes, and since then I have greatly improved my knowledge in the field of bitcoin. And it helped me to increase my Deposit and continue to earn with the help of cryptocurrency. Therefore, I do not advise anyone to miss the moment of crypto education.
full member
Activity: 441
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
November 22, 2018, 05:30:16 PM
#70
I think that you have to wait until the battle hashrate is complete, you better use this bearish time to hold or buy more bitcoin.

I am sure, you have a lot of BTC, and you can control your time. you are a small whale.
member
Activity: 322
Merit: 10
November 22, 2018, 05:19:06 PM
#69
I also like many beginners thought that if the price of bitcoin falls, then it dies. But more competent investors told me that I was wrong, and stopped me from selling. And since then I began to study cryptocurrency, bitcoin, market much more. This is a very necessary knowledge if you want to earn successfully in this field.

member
Activity: 434
Merit: 10
November 22, 2018, 05:16:09 PM
#68
You are right, in order to get a real big profit by investing in cryptocurrencies, you need to devote a lot of time to studying this issue. Otherwise, due to inexperience, you can succumb to General panic from the fall in the price of bitcoin and lose your profit.

full member
Activity: 490
Merit: 100
November 22, 2018, 05:09:39 PM
#67
In my opinion, people who managed to get profits with bitcoin because these people have used bitcoin well in terms of the right investment, and I don't think you can use bitcoin well.
member
Activity: 308
Merit: 12
November 22, 2018, 04:46:31 PM
#66
You give very competent advice to all inexperienced investors. The drop in bitcoin price is a very dangerous and deceptive moment, because of which you can lose your money. Therefore, you need to carefully study bitcoin and everything connected with them.
newbie
Activity: 1
Merit: 0
November 22, 2018, 04:11:42 AM
#65
we can just hope that it might get back up again since alot of it is at stake
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