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Topic: How did I lose money for Bitcoin? - page 3. (Read 915 times)

copper member
Activity: 267
Merit: 1
November 19, 2018, 04:49:23 AM
#44
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!

I do not have to say anything except sorry for you. I think in the meantime you took the wrong decision, so today you are facing so much loss.
Your mistake is
1: You were unable to verify the market.
2: The time you invested when the market was pumped.
3: The time you got involved in this new work
                            &
4:  You can not cope with greed.

 
full member
Activity: 364
Merit: 100
November 19, 2018, 04:20:16 AM
#43
I think there are numerous ways through which you can lose money into bitcoin like if you are interested in online betting and casino can waste our much money and crypto is good if trade it and we can make money with it but bitcoin is important for online payments over the internet we can transfer funds with out any body assistance.
legendary
Activity: 3542
Merit: 1965
Leading Crypto Sports Betting & Casino Platform
November 19, 2018, 01:22:31 AM
#42
Bitcoin is no different than any other investment instrument, because you can lose a lot of money, by trading the wrong commodity at the wrong time. The secret to the success of most Crypto traders has been a long-term strategy, where they bought coins when it was cheap and they sold some coins when the price skyrocketed.  Wink

In between those two points, traders are still making profits on the high volatility in the Crypto currency markets. You want high volatility at regular frequency, when you trade any commodity, because a flat markets yield less profits.  Tongue
copper member
Activity: 1050
Merit: 500
November 19, 2018, 01:11:01 AM
#41
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!

Where did that money come from, that You got back? BTC has no healthy business or service behind it nor monthly fees for usage.

So take a deep think and answer: where did You think You got Your money back from?

You did not read, did you?  He clearly stated that he researched and learned to trade.  So the answer is, he begun day trading where he took advantage of the volatility of Bitcoin, buy low, sell high plus with a lot of patience and good timing.



Indeed I would agree with you OP, before making a huge investment, one must not buy a rumor.  We must make a deep research and understanding about the kind of investment we are going to venture.  I am glad you recovered your investment.
jr. member
Activity: 332
Merit: 1
November 19, 2018, 12:45:02 AM
#40
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!

Where did that money come from, that You got back? BTC has no healthy business or service behind it nor monthly fees for usage.

So take a deep think and answer: where did You think You got Your money back from?
legendary
Activity: 1163
Merit: 1005
November 18, 2018, 11:18:05 PM
#39
Takers of december 2017 is really in trouble now.
There are more goods to have if you will invest it on alts.
Well today and few days ago, was the best time to get into BTC.
I hope those getters can participate at this low!
In November this price dropped, very good in the down market to buy bitcoin and long-term savings. You do not panic in the face of market movements, always monitor market movements and determine the steps that will be taken. investment and trade must be managed carefully and correctly so profits are always earned.
sr. member
Activity: 1936
Merit: 290
November 18, 2018, 09:34:56 PM
#38
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!
Maybe I understand and I'm sorry for your lossing money , basically you purchase Bitcoin when price going up huge situation.but now everything is down Bitcoin value.so don't try to sold now your Bitcoin then you will not recover lossing money.i just say it's time to real related investment & holding planning so you can choice anything.and I believe it Bitcoin price again going up soon later few month/days.
full member
Activity: 812
Merit: 100
November 18, 2018, 08:47:39 PM
#37
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!

I think you made mistake in the past, you bought more btc when the price was going up in march 2018. When the price was rising, you should sell your coins because you may wouldn't have such chance again later in short time. Always play safe than greed, it will keep your portfolio in profit, not loss.
sr. member
Activity: 1148
Merit: 252
November 17, 2018, 02:32:28 PM
#36
Yes, start from the last year 2017, the price of bitcoin is increasing more and more. all people think that it will happen until the end of this year, but no, its only in March of 2018. after that, we can see that the price is going down more and more dip, i think in that time there are many people that lose ther money because of bitcoin
yes maybe people think that at the end of 2018 bitcoin will go up so they are reluctant to sell it when the price is high. bitcoin is very difficult to predict, sometimes when the price is high it can suddenly drop immediately
legendary
Activity: 1137
Merit: 1000
November 17, 2018, 01:12:14 PM
#35
Takers of december 2017 is really in trouble now.
There are more goods to have if you will invest it on alts.
Well today and few days ago, was the best time to get into BTC.
I hope those getters can participate at this low!
full member
Activity: 1106
Merit: 166
★777Coin.com★ Fun BTC Casino!
November 17, 2018, 01:04:13 PM
#34
There are many people who invested a lot of money without knowing almost nothing about cryptos and did not understand what it is going. Prices of cryptos move up and down. People try to buy from deep and sell high. It is so risky and most of them can't achieve this.

Classes are common and in this field we cannot say there is no loss and sour Apple definitely all classes are some changes in Delhi but we cannot face then we need to ignore them it is my way to handle them but losses are giving a very much paint why we need to face easily and ignore so this will very helpful for all of us.
jr. member
Activity: 193
Merit: 4
November 17, 2018, 11:38:51 AM
#33
The first thing any investor should do is to carry out adequate research on the market and how the market operate in other to avoid unnecessary pressure during any crisis in the market since the bitcoin market is always volatile and unpredictable.
newbie
Activity: 63
Merit: 0
November 17, 2018, 11:31:28 AM
#32
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!

Thank you for sharing! Do you expect btc to fall under 5000? I think 4200-4400 is possible as well. What's your view on this?
hero member
Activity: 896
Merit: 630
November 17, 2018, 09:49:49 AM
#31
There are many people who invested a lot of money without knowing almost nothing about cryptos and did not understand what it is going. Prices of cryptos move up and down. People try to buy from deep and sell high. It is so risky and most of them can't achieve this.
full member
Activity: 640
Merit: 104
November 17, 2018, 09:25:57 AM
#30
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!

in order to get many benefits you must be extra patient, if not all your efforts to get everything will be in vain. so if you invest, provide money how much you can afford to lose, so that you are not too disappointed someday.
full member
Activity: 504
Merit: 102
November 17, 2018, 08:19:04 AM
#29
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!


Well, you were in FOMO my friend. People who always chases money without any basis will always tend to lose at the end. But hang on there.
full member
Activity: 616
Merit: 100
November 17, 2018, 08:17:24 AM
#28
Yes, start from the last year 2017, the price of bitcoin is increasing more and more. all people think that it will happen until the end of this year, but no, its only in March of 2018. after that, we can see that the price is going down more and more dip, i think in that time there are many people that lose ther money because of bitcoin
full member
Activity: 952
Merit: 107
November 17, 2018, 07:54:56 AM
#27
bitcoin prices are very volatile, sometimes rising sometimes also goes down, but the experience you convey is very motivated by you, that you have to look well at market movements, especially if you invest with big capital, of course patience is needed.
You do not lose money from bitcoin, it just bitcoin is down and has big difference from the price when you bought it. You have to wait patiently till it recovers because it is not always bullish. Remember that it is not easy to get rich on it if that's what you expect. Putting all your money into it is big risk, you must understand how it really works before you make a decision.
copper member
Activity: 1815
Merit: 1004
Campaign Management & Translation Services
November 17, 2018, 06:41:42 AM
#26
Your story is similar to mine, investing in bitcoin without properly understanding the market simply because i heard the price continues to rise. I lost some money and it took time and patience to recover the money bti by bit. hope others learn from this


Investing in any coin without knowing about its pros and cons can be lead you to loose your investment so always invest after doing a market survey. Bitcoin market is down for almost 9-10 months due to banning and other monitory department's action but in 2019 bitcoin will rise again and we all will get profit.
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