Topic: I give up - page 14. (Read 22613 times)

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.

Yes there must be more support and comforting when somebody was going to become rich in three months but got bored waiting and became poor instead. Let's encourage this emotional behavior! Let her try forex next time with all her money with a 1:100 leverage, a sure way to become rich...

The only helpful comments are the ones which hurt. Maybe will make her think next time, because there will be more next times in life.

I think that the anger is unfortunate and unwarranted.  But the issue is deep.  You see, to some Bitcoin is a repudiation of the implicit right of the state to meddle in financial affairs.  Like regulating who is an "accredited investor" -- which can be seen as giving the best opportunities to the rich.  And regulating the free issuance and exchange of securities (GLBSE, MPOE, etc was/are all bitcoin-based unregulated stock markets) -- which can be seen as limiting individual entrepreneurship.

When someone comes in and basically justifies this regulation ("I bought because someone told me to, now I'm selling for emotional reasons"), it invites regulation.  In other words, it looks like this person's finances really do need protection from herself. 

The last thing we need is this person and 1000 similar on CNN.  The state has its highly protective system; if you like it stick with it.  We have ours.  If all the fiat rules and regs are applied to Bitcoin, we are left with something quite similar to fiat with all its inefficiencies and overhead.  Whatever you think about Cryptocurrencies or fiat there is a strong argument that a diversity of systems is better than the same system repeated.  For example, if the USD fails, central banks all over the world fail.  They are all the same system repeated, and interconnected... this is a very bad situation to be in.

So people who like the "opt-out" nature of Bitcoin get protective and suggest that that person GTFO.   

Yes, it is sad. I feel pity for her. I wish she would change her mind and buy back in. At least 50 percent.

Agree 100% pinksheep. So much anger and negative bashing.....

There are more people in Shanghai than Bitcoins in existence.

patience is a virtue. it's been at this level for how long.. 2-3 months?

this is very true, considering 10 million new users would be competing for a minority of the coins that exist, as many are hoarded/destroyed and will not be sold until many years from now.

the wonders that a 10bil market cap would do for bitcoin.....

Yes, very sad. 

All she had to do was hold for a few more months, in all likelihood. Things will pick up again, everyone who has been around for at least two bubbles knows this well. Right now bitcoin is similar to the automobile in 1900. It's not even close to saturation... only a select few have the knowledge, drive, and resources to join in the system. That will change soon,

Reading this thread makes me sad for the OP.  No one that has held bitcoin for at least 24 months, regardless of what they paid for it, has lost money.

A lot of spectators, even bitcoin owners are starting to feel as if the price of BTC has seen it's top.  They also believe that the vast majority of the world's population has in-depth knowledge of Bitcoin and all of its advantages, which is grossly overstated if not just plain wrong.  The opposite is true, the vast majority is completely oblivious and has never heard of Bitcoin, yet.  Of those that have indeed heard of Bitcoin, the majority of that subset don't have enough info or the correct info to make the decision to buy some, or are not in the position to buy any (i.e., broke or no access to an exchange, etc.).

It's estimated that there are currently only 2-3 million people WORLDWIDE who actually own any bitcoin at all.  By contrast, the population of just one large U.S. city, like New York, is ~8.3 million people.  Imagine what happens to the price when suddenly tens of millions, even a hundred million people around the world eventually want to buy some bitcoin.  This could happen faster than anyone could imagine.

I am more of a hookers & cocaine type of guy

This is a problem with you as far as I can see.

U are on fkn happy pills and/or ten cups of coffee per day.

It fucks with ones judgement don't you know?

My 200 ltc day trading account is exactlty that ...for fun ..btw day trading crypto is friken insane ...there is nothing more volitile and whippy than crypto

So I treat it as a fast track learning experience ...so far i have been playing with my 200ltc for teh past 3 weeks and i am down about 5 ltc ...i would be intrested to see how u would fair fatCat scalping nearly everyday in the current market

Also so that we are talking straight ...it was sub 500 ...I am totally fine with any position sub 500 ...most of my recent positions average around the 450 mark with the highest fill being 510

I have absolutely no problem with any of these ....200 or 300 dream on ...you may get a flash crash but the world you are looking for I doubt it will appear...it may but i dont see it

You have to be to cool for school to get absolute bottom and its mostly for textbooks and hindsight

Also I am a believer.... have been since day 1 ..i have created 2 instruments to allow mainstream investors to enter the market ..I am totally "ALL IN"

Working in teh banking sector for the past 10+ years & programming the last 20 years I know a good thing when i see it in my filed of XP ..I have been in meetings @ the bank and they are Sooooooooooooooooooooooooooooooo scared of cryopto as they have already experienced the pain from paypal

Its all about control ... did u know that paypal has over 35-45% of all retail transactions.....

...so lets see where we are in 12 months ..even Veronica would have a smile on her face

Take a happy pill Matt and take a position

all the people that bought on top of previous bubbles felt the same pain you experienced. the ones who resisted and did not sell are very happy about it now. a theoretical loss of 50% feels ugly as hell, but a realized loss in an asset, that came back to new ath may turn you in a hateful person.

i started to get involved in btc in 2011, but i really put in almost all my money in may 2013. a few weeks after my move the price was down more than 40% - i felt so stupid. i will never forget how it felt.  the only reason i did not sell was, it was such a big loss, i just didn´t have the guts to realize it. i still believed in the superiority of bitcoin, and i still thought it was a great invention but i learned that those things may not matter when price is going down anyway. when i invested i was so confident about it that some people around me also started investing. being the reason for their loss made it even worse (they are rich, so i knew they weren´t hurt, but i was anyway ashamed)

but then came september, october, november...

you somehow managed to get through the (hopefully) bottom of 339. why give up when we could be behind the bottom ? i really know how you feel. i would buy back at least 30 % of your coins if you do not need the money desperately and wait a year or two. be prepared to lose it all, write it off in your mind.

there will be another november. the bitcoin economy is so much bigger than 12 months ago. all this gox/china/ fudquaketsunami will be over with sooner or later.

i would really like to invite you to THE PARTY when it happens....

I still think she should have held on to even a tenth of her coins. If things go well, they could one day have covered her other losses.

OP was strong, realized and accepted that the initial advice received was bad, had bad timing and wasn't the right thing for OP.   Better to cut the loses rather than suffer emotionally for much longer.

Stage 5 - Acceptance.

Everyone else in this thread - Stage 1 - Denial.

I think it was silly of you to sell all your coins I think the price is just "low" for the time being.  Think back to why you got into BTC and ask yourself what has really changed?

Some people have gone too far but the message should be the same. You can't wrecklessly and greedily invest money in something hoping for a get rich quick return. Do your homework, research about investing, research about what you are investing in. These examples provide incentive to why its absolutely necessary.

it's even sadder some of the replies she has been given; I'm sure she's annoyed enough without basically being told that she's stupid & not to come back until she has learned more about investing. Just my opinion but I don't think comments like that help anyone.

Don't do that

Sell 0.75 BTC for cash and 0.25 BTC for NMC

NMC behaves like a BTC option - should BTC go back to 1000, NMC may go from 2 to 10 or more

That way you can extract cash and stay invested