I hate thinking about how many bitcoins i used to have.
i sold something for just over 500 bitcoins ($4500 @ $9 per bitcoin) a long time ago. (the product was only worth about $1500 to me, so it was more like i got the bitcoins @ $3)
Since then, i have been selling low and buying high ever since (also lost at least 50 bitcoins on gambling sites too). It seems I am one of the complete sheep of the bitcoin market. i have been making EVERY wrong decision at the worst possible point, every time!!!
for example, the last mistake i made was on the 3rd of Oct. i still had 303 bitcoins (after some previous stupid decisions), when i read the news about dpr getting caught i thought i was being really clever selling out at just over $105 per coin, the price then continued to drop to maybe $90 on bitstamp, then started rising.
In hindsight i should have bought back in there when the price bottomed out, but instead because i thought it would continue to fall when more people heard the news i told myself I'd wait a bit longer ... but instead i watched the price rise, and rise, and rise.. I ended up buying back in somewhere around $140. It took me from 303 bitcoins down to 209 bitcoins...
so now i stand with 209 bitcoins. that's nearly a 60% loss from what i originally bought.
If i had just put these bitcoins in an offline wallet and forgot about them i would have been much much better off, if i had just not watched the bitcoin price daily over the past year, I could have potentially had an extra $55,000 at today's price...
lol
so now i think i'm not going to trade them again, EVER.. I think 209 bitcoins will do me when they are worth several thousand each...
i try to look on the bright side, total investment made was $1500 + the time and effort closing the sale, and today I could sell them for $42,000.
i can't really complain, but i get called an idiot every time i explain how i lost so many coins, so please don't hold back, i'm used to it!!! lol
According to this post with around 200 coins you are one of the top 1500 holders of BTC so that is still great!!!
https://bitcointalksearch.org/topic/m.3401718I agree that the wise thing to do for you and for all of us really, is to just buy and hold from this point on. It is so tempting to try to trade and take advantage of the ups and downs but unfortunately it is really hard to know what the market is going to do.