Never buy during the hype and pump period. Gotta be patient and wait for the dips; monitoring the market on specific coins you had already research for quite sometime, and personally believe in its long-term potential for growth, for an opportune time to enter.
Also there is no need to worry, since altcoins tend to fluctuate more, hence have a higher %drop but also have the potential for a much higher %gain compared to BTC.
BTC also tends to have a much higher MCAP ATM compared to the other coins because BTC is the "standard-currency" that bridges Fiat with the crypto markets, and that most coins are still only paired with BTC -- much like how the USD is the standard fiat currency (ATM).
However there are signs that this may already be changing, and other more technologically advanced altcoins are starting to compete with BTC in its current place as a "standard cryptocurrency".
Topic: How I fucked up and turned ~600 BTC into 200 BTC - page 4. (Read 797 times)
Don't think about it that way, but you have a lot of assets, even though your BTC is getting smaller, your investment is investment, and I personally feel that the amount of money is going to go up, and I don't need to worry too much about it.
have you sold all of them? if yes it is your biggest mistake you should wait for the price to go back up and when the price goes up it is definitely bitcoin price also go up and bitcoin you have also go up, and surely you have to have patience very high if not then surely you will get loss .
Not sold, but convert in different altcoins when the price of btc and altcoins were very high, so after the January and February corrections the price fell more than 150% 
have you sold all of them? if yes it is your biggest mistake you should wait for the price to go back up and when the price goes up it is definitely bitcoin price also go up and bitcoin you have also go up, and surely you have to have patience very high if not then surely you will get loss .
Here is the original link from Aug 2017
https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/
Could be the same guy just repeating his post on this forum, who knows.
Still tells a good story, focus on BTC value over dollar value always, I'm constantly telling people this and they always shrug it off
https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/
Could be the same guy just repeating his post on this forum, who knows.
Still tells a good story, focus on BTC value over dollar value always, I'm constantly telling people this and they always shrug it off
ok i saw this post earlier. a brand new guy copy paste a thread just to get faster rank up?
no man not with us.
Lol. Why would you guy just imagine he copied and pasted the post just to get a good rank. Even if he ended up copying, this can be a very good reference to anyone who ends up in a shoe like this, but what you have said will obviously not help. Shit happens every day and we all make mistakes. I will just advise the OP to hold them and monitor their values. They will recover definitely and you can buy back into btc when that time comes, but in the process of waiting, just keep learning and practicing with small to build your experience just as haroldtee has mentioned. no man not with us.
Need to be careful to play with trading and investing. But anyway you still have money for life and big experience and this is more important then bitcoin amount
So you bought a broad basket of currencies which will emulate the return profile of the entire crypto-currency market.
Last year that market returned 6900%.
600 bitcoins * 69 = 41400 bitcoins.
Still worried about HODLing?
Last year that market returned 6900%.
600 bitcoins * 69 = 41400 bitcoins.
Still worried about HODLing?
Do not worry mate in terms of usd you are ok, if you hold the good ones, your 600 btc can still be converted to1200 btc, just have faith and hold the good ones, once market start getting big influx of new funds and adoption, you will see your portfolio starting to get positive.
It happens, just don't do anything with yourself) Also in USD you are in plus. Just realize that for trading you need skills, not only clicks on buying and selling, even for stop-losses you need skills in technical analyse. And before buying some alt, use fundamental analyse - why coin should grow? - then if you find out the reason, you can buy. Just learn on your mistakes and don't make them again.
Im sorry for your loss,thats huge amount of investment though it is done you will still have chance to recover from the losses you have,all you need to do from now on is to do your part,researching will save your ass because investing to these solid coins wont fail your expectations.You just need to pick the right coin at the perfect time,technical and fundamental analysis will come in handy.
IF this is a real copy paste, well good luck man,
If this is real and you did that way, you will never loose much as long as you hold that token and wait for the pump!
every lost is a sell on low, but if you will stay on your holdings then you just need to wait for the right time so no worries.
Expect for a sure ban once this is just really a copy paste situation posted by OP which im really familiar with this situation that i have read in the past not so sure or its just me.Thats one hell of a bankroll considering you are investing 600 btc into alts.Its not bad to diversify but its way too much to consider and if you did able to resist the temptation of your greed then you might be happy on what you do see on bitcoins price as of today. If this is real and you did that way, you will never loose much as long as you hold that token and wait for the pump!
every lost is a sell on low, but if you will stay on your holdings then you just need to wait for the right time so no worries.
It is a nightmare story for any altcoin trader but this is reality. Risks are huge even with well diversification
IF this is a real copy paste, well good luck man,
If this is real and you did that way, you will never loose much as long as you hold that token and wait for the pump!
every lost is a sell on low, but if you will stay on your holdings then you just need to wait for the right time so no worries.
If this is real and you did that way, you will never loose much as long as you hold that token and wait for the pump!
every lost is a sell on low, but if you will stay on your holdings then you just need to wait for the right time so no worries.
You should be doing a lot of research before investing with these altcoins because most of the coins you had are shitcoins,doesnt have good team and products that is why these coins have failed your expectation,only invest with coins which has good working product and development team,so that the roadmap will be followed accordingly.
so you invested more than 1,5m$ and fucked up with noob mistakes. sounds really unrealistic. and as other noted - this is copy&paste
Holding altcoins in the long term is not a pleasant experience. I fucked up and turned 10 BTC to 0.5 BTC in 2017. At the end of the day, you still have 200 BTC which is a lot of money to start with.
This story seems a very lamentable.I experienced the author's feelings while reading the article 
I invested 3k USD on crypto. During last December I had 4k USD as profit. Some of the coins I bought up 100x. But at that time I though the prices will go up more and more. So I was waiting to reach the profit 10k USD. But what happen after that? Market was starting to crash last December. At that time I thought it recover soon. But it is not. Now I'm in loss. Now my portfolio value is 2k USD.
Now I have learn a lesson. Don't be emotional investing in crypto. Convert your coins to USD when the market is starting down and buy in the dip.
Now I have learn a lesson. Don't be emotional investing in crypto. Convert your coins to USD when the market is starting down and buy in the dip.
This same story can be seen on reddit, having posted it there 6 months ago:
https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/
https://www.reddit.com/r/CryptoCurrency/comments/6tg3kd/how_i_fucked_up_and_turned_600_btc_into_200_btc/
It's a plain copy-paste, with no data updates.
Not feasible coming from a Newbie account. That's not the way to start earning merit.
https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/
https://www.reddit.com/r/CryptoCurrency/comments/6tg3kd/how_i_fucked_up_and_turned_600_btc_into_200_btc/
It's a plain copy-paste, with no data updates.
Not feasible coming from a Newbie account. That's not the way to start earning merit.
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