Topic: How did I lose money for Bitcoin? - page 4. (Read 915 times)

Depend how you handle investment. You can lose a lot if you dont strategized and thinking of what possibilities would you do to make your profit fruitful.

So sorry to hear that but I believe that this mistake already taught you invaluable lesson about bitcoin crypto world. Just make sure you will never make this mistake again. Hope you're doing well.

Investing in bitcoin can only be patient people. After all, its recovery can take a long time. But you don't have to worry. Market growth will happen very soon and you will get your investment back. Some bought bitcoin when it cost 20K and now they will have to wait long enough until it exceeds that limit.

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

As far as I understand about losing money in bitcoin is that through wrong decision of investing and cashing out. It is good to have patience in waiting because bitcoin price is not stable.

As I understand it, the main component of the fall is, first and foremost, the acquisition of a major player by the remains of Bitcoin. All other tokens are falling, because the big players cannot decide which technologies to keep. In order to understand whether a token will grow or not, it was necessary to analyze whether the idea was or not.

Now I get your question,  maybe you bought bitcoin when it was mooning and now it's dumping, but don't you worry, you haven't lost it all just keep Hodlin the value of bitcoin will surly come up again

You mean you want to lose money to bitcoin or you've lost money to bitcoin already please put the question right.

Honestly, I don’t believe in your story at all because of the number of bitcoins you are talking about. Firstly, it is a lot of money, and I don’t think that people who invest such money do not understand where they are investing.
In any case, I happy for you for the fact that you have restored your balance of lost money. I was less lucky than you

The beginning of your post looks like someone filled with regrets but you ended the post as an expert who knows what has happened with his business, that business is filled with risk.

You ended up giving an advise and cheering up.

I don't understand what investment strategy you are doing, because usually, I sell my assets when the price goes up, and wait for the price to go down to buy again, it proves to have a lot of advantages in my investment. Maybe you are in a hurry to determine your investment choice, but don't worry as long as you keep your Bitcoi, you haven't lost your money.

Thank you very much for this explanation.
You are right, we don't loose money here unless we sell cheaper than we originally bought our btc funds.
It's good that crypto market is different than Forex market and we don't need to cover our losses.
Only what we need is patience and to ''hold'' until bitcoin value rise again.

after 2017, many people bought bitcoin. and in 2018, everyone panicked that they had lost their money. I'd wait a little bit, though, if I were them. because the growth will be, necessarily. and more than in 2017.

Okay, so you bought a lot of bitcoin. But why you following unknown altcoin or token bounty? And you said the same thing in 3 different threads, looks like you get paid for bumping those thread.

According to your story, you've invested on bitcoin without any full knowledge about it, For thinking and believing that you can become a millionaire instantly. Which means, you've became greed otherwise by that time without thinking the consequences for the decision you've made.  But in the end you are still lucky, because you recovered your losses in trading, where you made the right a decision to do some research in trading anyway. Bitcoin is volatile where most of the time there is in motion happened in the market, so we must be aware and ready to take risk  whatever happen in the market whether it goes up or not.

My thoughts are your money is still there it is not lost at all, You still had your invested bitcoin of 70 BTC perhaps, The value only decreased you haven't lost any bitcoin at all you just didn't know what to do when the price drops, You should exchange it with fiat money then when the price reached it floor value you will then return it to bitcoin again, Well this surely is hard to predict because  your going to speculate when that will happen this is the risk you should conquer with cryptocurrency.

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.

lol seems me and powell and now someone else found the inconsistency in the story..

lol

Oh nice story....
So you first invested 160 000$ and then another 550 000$ and you're participating in bounties for pennies?
Not even talking about that 200$ motorcycle in your facebook profile you're so proud of  

@pawel7777 and franky1  how I hate fast typers 

hmm
bought 20btc at $8k ($160k) and 50 at $11k($550k)

if you have $710k spare to hand... then in other assets and stuff you probably already would have been a millionaire before you begun. so i dont see how you would comment of a dream to be a millionaire.

im guessing this story is more like you bought 2btc then 5btc and decided to add a zero to both to sound impressive.

anyways
you never lose unless you actually sell at a loss. prices move up and down.

although there is a chance that the price could nip below the $5800-$6k support line held since november 2017 this  would not be due to trading Hodlers. but due to at worse some new mining asic releasing in october which if the hashrate does not increase equal a mining cost decrease for those running the more effienct(cheaper cost) asics which could prompt them to sell for less.

but the percentage of coins mined in such case vs the coins that circulated/traded above the $6k line wont present much of a threat to turn the price downward by much.

it would have to be a world collapsing tragedy to do that.. which the recent network effecting bug this week seemed to have not caused such negative impact.. just a temporary slip to 6100 and then suddenly up to 6700 so.. chances of a $5000 are very very slim

the $5800+ supports of the last 10 months have been tested alot and it seems no one is foolish to break it.

as they say never sell at a loss and the UTXO movements and current mining costs show the majority over 65% wont sell for less than $5800(i would say more but its not been that long since the most reason Low test)