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Topic: How much damaged bitcoin has brought you? - page 27. (Read 4655 times)

newbie
Activity: 65
Merit: 0
Well, not much damage because i didn't invest much on bitcoin slpitted it to other altcoins which bitcoin price is also affecting right now. Just praying that bitcoin comes back asap and stronger. The key is patience
newbie
Activity: 266
Merit: 0
Actually in market there are various types of coins but most of the coin price is low in market nowadays based on this topic it doesn’t affect my coins because I was prepare for this also after few days later this price will again increase in November I guess so it’s not a problem.
sr. member
Activity: 854
Merit: 257
I already got my money back and what I am using now is the earning from bounty. trading and gambling so no worries even if the value drops lower and lower because I already got my money and as of now I still have plenty of bitcoin as I said the earned bitcoin from work I did. You just need to know how to circular your bitcoin at this point.
jr. member
Activity: 349
Merit: 2
Bitcoin has not done any damage to me, and I will never do any damage to me, because in crypto market successful investors are always patient, if you buy at costly price, all you have to do is to wait even if it will take two years to rise above your capital before you sell
full member
Activity: 826
Merit: 104
i dont think bitcoin damaged my capital.its just a correction and holder will get reward soon .btc is in bottom now and any time btc will fly from here.
its buy time.buy btc.
full member
Activity: 476
Merit: 102
I had a small scale investment on bitcoin and i invested on it when the market price is 30% higher. I never thought that market is going to fall down which results to the loss of some of my money if i will sell my bitcoin holdings now. Seeing the market price i consider it as a damage which is 30%. Well if i may ask you do you feel any damage right now? I wanna know who are those people who are investing prior to the market price fall down?

The price fall of bitcoin has a big damage to my investment. I buy bitcoin when the price of it is around 7,500 USD and now the price of bitcoin fall to 6,100 USD. Because of this price fall, I lost my money for about 18% of my initial investment. In this situation, I'll keep calm and wait to recover again the price of bitcoin before I sell it or wait for my target price.
full member
Activity: 322
Merit: 102
I lost almost 30% from the original amount in my wallet. But I do not take it as damage. I'm earning bitcoin from signature campaign and hold all my income for future purposes. And with the price of bitcoin right now, I think it's the best time to buy. And wait for the time that bitcoin rises up again.
jr. member
Activity: 224
Merit: 8
Well i am also having some damage on my investment yet i do not take it negatively because i know in the near future that market price will go high and i just have to wait for that moment to come.
full member
Activity: 630
Merit: 102
I invested in bitcoin when it was $18,000, and if I sell now what I will realized will be nothing to write home about but I am not seeing it as damage, I feel it is only newbies in cryptoworld that will see it as damage. It may take time but I know bitcion will surely recover.
sr. member
Activity: 966
Merit: 275
I am holding 1 Bitcoin since 25 April 2018, and it's price then I think was close to $9,000 or maybe more or less. It's from my earning from a certain bounty program which I sold in exchanges. I hold it believing the price of bitcoin will go up but the opposite happened. Do you think I have to consider it damage?
jr. member
Activity: 140
Merit: 2
REMIIT.IO
The only damage I can think of is some minor disruption on my scheduled vacation. Wasn’t able to collect on some bounty campaigns. Thus, trips has to be move on another date. But on my bitcoin investment, I can hold forever.  Smiley
newbie
Activity: 196
Merit: 0
Bitcoin will always stay friendly to its users. As it brings peace to the mankind so no panic will occure using them.
full member
Activity: 490
Merit: 100
It's like that cycle in investing there are times when our investment decreases in value and there are times when our investment becomes up, so do not feel panic if our investment decreases, because the process to rise up must be from the bottom first.
hero member
Activity: 2702
Merit: 672
I don't request loans~
I had a small scale investment on bitcoin and i invested on it when the market price is 30% higher. I never thought that market is going to fall down which results to the loss of some of my money if i will sell my bitcoin holdings now. Seeing the market price i consider it as a damage which is 30%. Well if i may ask you do you feel any damage right now? I wanna know who are those people who are investing prior to the market price fall down?

To be honest, for me it doesn't matter how low it may decrease because for sure in the next few days it will be bounce again and we will see the better changes it will make just to back again the investment that weve lost because of long period of it's downfall. Don't stress ourself to the things that we know has the better products or effects in the future and instead of being nervous and panic let us be calm and relax because soone or later we do smell our brighter success.
newbie
Activity: 106
Merit: 0
I had a small scale investment on bitcoin and i invested on it when the market price is 30% higher. I never thought that market is going to fall down which results to the loss of some of my money if i will sell my bitcoin holdings now. Seeing the market price i consider it as a damage which is 30%. Well if i may ask you do you feel any damage right now? I wanna know who are those people who are investing prior to the market price fall down?
Not much damage because I wasn't greedy in my investment.  I didn't put all my egg in one basket.
hero member
Activity: 2702
Merit: 716
Nothing lasts forever
You know what, my portfolio has decreased by more than 75% and yeah that is more than half of my amount gone. But I am not so worried about it because I am here for a long term. I know that Bitcoin is here to stay and it will take a while now until the bear trend is over. Bitcoin will soon recover the bearish movement and will rise high in the next few months in my opinion. Don't worry about the damage BTC has caused you , instead wait for the moment when BTC will increase your capital and give out good returns for your investment.
sr. member
Activity: 728
Merit: 275
look every kind of investment you make tends to fetch you certain losses and bitcoin investment is no exception. Bitcoin is also like any other investment and the normal ups n downs in its price may get you profit or loss. And trust me, either of the two are beneficial!! Why...?? Because profit obviously, who doesn't like positive returns on an investment. And loss because it teaches you about the market, its working principles and behavior. See i'm not trying to become a glorified n holy saint and lecture about "learning on loosing", but trust me with time I have realized that looses are very normal in the market. In the beginning it is natural to feel disappointed or agitated, and sometimes continuous losses make you frustrated and you want to quit the situation. But with time you will realize that you are becoming better by observing the market. Because more you do, more you learn. So I won't say market has brought a damage to me, though I have had worst experiences at times in the market, but I'd say market losses have made me a better trader and investor.
legendary
Activity: 2170
Merit: 1789
Why is it damage? The friends around me have made a lot of money. They made me join Bitcoin and I have to thank them.

Read again the OP and you'll know why he said it.

-snip-
I am a little different with you, I use my salary to invest Bitcoin and altcoin! The discount of bitcoin and altcoin has greatly affected my life.


Discount? Did you mean the decrease in price?
How much money you've put for crypto? Remember the first thing in any kind of investment: only use the money you're prepared to lose.

-snip-
This generally what happens when people just simply FOMO in and buy in just because of the hype, without any knowledge whatsoever on what they're trying to get in to. I couldn't even count how many people were asking me on how to invest in bitcoin last late December.

This happens to a lot of people with the same characteristics: wanted to get rich ASAP while don't have the capacity to manage their emotions, reckless planning (or maybe no plan at all) with little preparations. In short: gambling.
newbie
Activity: 17
Merit: 0
Why is it damage? The friends around me have made a lot of money. They made me join Bitcoin and I have to thank them.
mk4
legendary
Activity: 2870
Merit: 3873
Paldo.io 🤖
I sure damn wish bitcoin's price is higher, but the price drop didn't really cause any "damage".

Why do I hold bitcoin? Because I'm bullish on it long term, and I know the risks(volatility, etc) I'm going to get in to when investing in bitcoin. The drop right now is irrelevant if you think bitcoin is going to be higher in price long-term. It's just more of a slight inconvenience than "damage".

Exactly. It is just difficult especially on new comers to see their portfolio bleeding a lot that many of them considered selling at huge losses. This is the problem with people that are unprepared mentally and financially. I also heard some people that are new into crypto but risked too much money that they cannot actually afford to lose.

This generally what happens when people just simply FOMO in and buy in just because of the hype, without any knowledge whatsoever on what they're trying to get in to. I couldn't even count how many people were asking me on how to invest in bitcoin last late December.
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