I give up - page 13. | Bitcointalksearch.org

alex0909

sr. member

Activity: 261

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Quote from: Jonivdb on April 30, 2014, 09:28:52 AM

OP was right to sell out, tonight or tomorrow bitcoin will start dropping and not stop until it hits 10$.

It's all nice to shout he doesn't understand bitcoin if you op out and all, but understanding bitcoin won't buy a house or bring bread onto the table

If you are so sure, bet all you have with the highest leverage on bifinex ! Quick! Sell sell

So much trolling in this speculation thread

600watt

legendary

Activity: 2338

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Quote from: Jonivdb on April 30, 2014, 09:28:52 AM

OP was right to sell out, tonight or tomorrow bitcoin will start dropping and not stop until it hits 10$.

It's all nice to shout he doesn't understand bitcoin if you op out and all, but understanding bitcoin won't buy a house or bring bread onto the table

so young and already on ignore...

Jonivdb

newbie

Activity: 39

Merit: 0

OP was right to sell out, tonight or tomorrow bitcoin will start dropping and not stop until it hits 10$.

It's all nice to shout he doesn't understand bitcoin if you op out and all, but understanding bitcoin won't buy a house or bring bread onto the table

pinksheep

full member

Activity: 196

Merit: 100

Quote from: TERA on April 30, 2014, 08:35:19 AM

Quote from: pinksheep on April 30, 2014, 08:32:30 AM

Quote from: BitChick on April 29, 2014, 11:52:56 PM

I think with Bitcoin the hardest season is right after the first purchase. We purchased right before and well into the first bubble in April last year. It was a very long Summer and we were under water for most of it. The hardest part was thinking if we hadn't bought into the bubble we could have bought more coins than we did. I think that was what hurt the most. Of course November came and it was great and I was very glad I held on. I think having been through this a year I have a little wisdom and have learned from experience how Bitcoin works. Holding is the hardest thing to do, especially when the person has purchased the coins towards the peak of a bubble. The best thing to do would be to buy more on the drops, if the person has any fiat left, or just ride it out if not. But it isn't easy for sure.

My advice to Veronica now would be to just buy back in as much as she is willing to risk and ride it out. We will have another bubble. Didn't Barry Silbert at Second Market "guarantee" it? Wink

That's exactly what I did. When the price fell I bought more which brought down the average price I had paid for my coins. And I was fully aware that it would be a rollercoaster ride when I got involved but I knew even then that no matter how low it went, I wouldn't be selling.

Averaging down is many times a bad strategy. It does not reduce the amount of capital you have actually lost already - only in your head. Then it subjects you to more risk, and you are making an additional purchase into a downtrend.

I'm fully aware of that but at the end of the day 'you've got to speculate to accumulate'. If I'm wrong, I'm wrong. I got into Bitcoin as it seemed to offer the possibility of higher rewards than any other investment I can think of. If there's something else with better potential, please let me know

TERA

hero member

Activity: 728

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Quote from: pinksheep on April 30, 2014, 08:32:30 AM

Quote from: BitChick on April 29, 2014, 11:52:56 PM

I think with Bitcoin the hardest season is right after the first purchase. We purchased right before and well into the first bubble in April last year. It was a very long Summer and we were under water for most of it. The hardest part was thinking if we hadn't bought into the bubble we could have bought more coins than we did. I think that was what hurt the most. Of course November came and it was great and I was very glad I held on. I think having been through this a year I have a little wisdom and have learned from experience how Bitcoin works. Holding is the hardest thing to do, especially when the person has purchased the coins towards the peak of a bubble. The best thing to do would be to buy more on the drops, if the person has any fiat left, or just ride it out if not. But it isn't easy for sure.

My advice to Veronica now would be to just buy back in as much as she is willing to risk and ride it out. We will have another bubble. Didn't Barry Silbert at Second Market "guarantee" it? Wink

That's exactly what I did. When the price fell I bought more which brought down the average price I had paid for my coins. And I was fully aware that it would be a rollercoaster ride when I got involved but I knew even then that no matter how low it went, I wouldn't be selling.

Averaging down is many times a bad strategy. It does not reduce the amount of capital you have actually lost already - only in your head. Then it subjects you to more risk, and you are making an additional purchase into a downtrend.

pinksheep

full member

Activity: 196

Merit: 100

Quote from: BitChick on April 29, 2014, 11:52:56 PM

I think with Bitcoin the hardest season is right after the first purchase. We purchased right before and well into the first bubble in April last year. It was a very long Summer and we were under water for most of it. The hardest part was thinking if we hadn't bought into the bubble we could have bought more coins than we did. I think that was what hurt the most. Of course November came and it was great and I was very glad I held on. I think having been through this a year I have a little wisdom and have learned from experience how Bitcoin works. Holding is the hardest thing to do, especially when the person has purchased the coins towards the peak of a bubble. The best thing to do would be to buy more on the drops, if the person has any fiat left, or just ride it out if not. But it isn't easy for sure.

My advice to Veronica now would be to just buy back in as much as she is willing to risk and ride it out. We will have another bubble. Didn't Barry Silbert at Second Market "guarantee" it? Wink

That's exactly what I did. When the price fell I bought more which brought down the average price I had paid for my coins. And I was fully aware that it would be a rollercoaster ride when I got involved but I knew even then that no matter how low it went, I wouldn't be selling.

Amph

legendary

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Quote from: blatchcorn on April 30, 2014, 06:35:28 AM

Buy low, sell high.

What part of that is hard to understand?

apparently someone is buying high and selling low

holding here mean a tleast 6+ months, can you hold that long? if not then this whole plave isn't for you

smoothie

legendary

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LEALANA Bitcoin Grim Reaper

this thread will be used as a gauge of when to buy Bitcoin.

Mark my words and let's see in a year how right I am. Grin

blatchcorn

sr. member

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Buy low, sell high.

What part of that is hard to understand?

Miz4r

legendary

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Too bad you've given up and sold at a loss, but reading your story it seems you were into Bitcoin for the wrong reasons in the first place. The market likes to punish people who think Bitcoin is some special kind of lottery with a 100% chance to become a millionaire in a couple months or years. I've been where you've been as well, but I have a different kind of mindset when it comes to this interesting piece of technology and I am fully prepared to lose everything I have invested.

upupup

full member

Activity: 165

Merit: 106

Would anybody at some point would like to explain OP why price will rise one way or another? (instead of just telling HODL without explanation)
Thanks!

P.S. are you aware of next bank holidays which will sum up to 4 days of no fresh fiat to exchanges. .. I say we might go even more down so good time to rebuy

counter

hero member

Activity: 798

Merit: 500

Time is on our side, yes it is!

Quote from: piramida on April 29, 2014, 05:29:26 AM

Quote from: gamersglory on April 29, 2014, 12:36:11 AM

well it will go back up but i don't see it ever going anywhere over $1000 ever again.

ahaha ok thanks for the laugh. no really, you are funny. you are about as short-sighted as OP

have you ever planned and executed anything with a timeframe longer than 15 seconds?

I was all kinds of excited when I read this post also haha. What a comment indeed.

killinitsoftly

member

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remember, that those with buying power prey upon those who fear a loss.

YipYip

hero member

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Quote from: Mythul on April 30, 2014, 01:08:49 AM

I think you've made a mistake. Is still to early to call Bitcoin a failure. Also when you invest in something you should have patience.

For quick gains you should try roulette and bet all in on either red or black.

I am a fan of BLACK ...its works 50% of the time 100% of the time Tongue

Mythul

sr. member

Activity: 644

Merit: 250

I think you've made a mistake. Is still to early to call Bitcoin a failure. Also when you invest in something you should have patience.

For quick gains you should try roulette and bet all in on either red or black.

Ibian

legendary

Activity: 2268

Merit: 1278

Right, is sad and all. But we need dumb people like this. It's all part of the ecosystem. They contribute to volatility which attracts traders which besides driving the price up spreads the word. So thanks for helping the good cause, and better decisions in the future.

BittBurger

hero member

Activity: 924

Merit: 1001

Quote from: Veronica26 on April 29, 2014, 12:40:22 AM

I wish it was just 1 coin. This was my sure thing so I could stay at home with my daughter. I feel so stupid. Cry

Wait. You feel stupid because your powers to predict the future have told you that BTC will never go above $900 again?

Really?

Its logically impossible for you to feel stupid right now. Because you can't see the future.

-B-

chunglam

donator

Activity: 229

Merit: 106

Hi OP, please forgive my English skill because I am not a native English speaker.
Would you please try to look at this way, when you bought coins you are actually investing into this Bitcoin community. In this community, we have different kind of person: trader, holder, entrepreneur, etc... They all provide different role for this community, trader provide liquidity, holder provide stability and entrepreneur expand this community. When someone else sold coins to you, the capital they got from you may be used to conduct further trading activity or starting a new venture. All these kind of activities make this community more mature and stronger.
In my opinion, the falling price of Bitcoin actually make more people cash out and doing some real world works to make this community even stronger but you need patience to wait and see the result. You have every right to quit from this community, the money you loss is actually a contribution to this community and make it stronger.

TERA

hero member

Activity: 728

Merit: 500

Quote from: DustyRah on April 29, 2014, 11:49:10 PM

Check this out: https://bitcointalksearch.org/topic/time-to-dump-btc-now-i-say-413064

Anyone who held beyond this point literally bent over and asked for it.

Amazing, there are trains in the thread. People have been posting pictures of trains since all the way back on Jan 15 (or earlier).

BitChick

legendary

Activity: 1148

Merit: 1001

I think with Bitcoin the hardest season is right after the first purchase. We purchased right before and well into the first bubble in April last year. It was a very long Summer and we were under water for most of it. The hardest part was thinking if we hadn't bought into the bubble we could have bought more coins than we did. I think that was what hurt the most. Of course November came and it was great and I was very glad I held on. I think having been through this a year I have a little wisdom and have learned from experience how Bitcoin works. Holding is the hardest thing to do, especially when the person has purchased the coins towards the peak of a bubble. The best thing to do would be to buy more on the drops, if the person has any fiat left, or just ride it out if not. But it isn't easy for sure.

My advice to Veronica now would be to just buy back in as much as she is willing to risk and ride it out. We will have another bubble. Didn't Barry Silbert at Second Market "guarantee" it? Wink

Topic: I give up - page 13. (Read 22613 times)