Topic: I give up - page 15. (Read 22613 times)
Tis a sad day when a lass abandons ship
It seems every time I find something that looks promising, I'm just a sucker waiting to give someone else a payout. I have been following advice a gentleman offered to "hodl" my bitcoin, from $984 all the way down to now $436. I've just been fooling myself, telling myself "Don't worry hon, it will go back up! It always has!" I've been spending my time reading the forums and hoping. My friends called me crazy when I told them it's a sure thing. The shame is just as bad as the lost money. So I quit. You guys win. Coins sold.
Seriously? Did you think it wouldn't be extremely volatile? Did you never view your holding period as anything more than extremely short?
If you're not willing to hold for 5-10yrs, and understand that you could go through periods of being 90% down, then you are unfit to hold bitcoin (or any non-large-cap stock or bond, for that matter) as an investment.
The sooner weak-handed (weak minded??) folks such as yourself leave the bitcoin ecosystem, the better.
I do hope this experience spurs you to learn a thing or two about reasonable investment mindset and expectations, though. But please - don't come back until/unless you do learn.
I have been following advice a gentleman offered to "hodl" my bitcoin, from $984 all the way down to now $436. I've just been fooling myself, telling myself "Don't worry hon, it will go back up! It always has!"
If you paid $984, you obviously bought very recently (less than half a year ago).
Do you realize that anything less than 2 years is insufficient to be considered holding?
Bitcoin survived a downtrend of over a year and a half (2012) when weaklings panic sold their $30 coins for a third or less than what they paid.
If they'd had the courage to hold for at least 2 years, they would have realized at least a 100% profit even during capitulation down to $66.
If they'd waited 2.5 years, they would have realized a gain of over 1000% even during the recent capitulation below $400.
Bitcoin has never had a 2 year downtrend. Selling during a temporary low is about the worst thing anyone could do.
It sounds like you got scammed by the bull trolls who want people to lose money by selling their coins cheap and spam their FUD in hopes of cheaper coins. Shame on them, but shame on you for listening to them and actually taking them seriously.
Good to hear that Second Market have been buying at these lower prices.
In case you care to follow: https://bitcointalksearch.org/topic/gbtc-bitcoin-investment-trust-observer-337486
Good to hear that Second Market have been buying at these lower prices.
Second Market has been buying all the way down with increasing volume through April.
OP is clearly not an investor, and clearly does not understand what Bitcoin is. It's a shame to see these kind of people attracted to it. It makes the unenlightened scream "Ponzi!" or "tulips bulbs!" over and over through each retracement because they don't understand the full potential of distributed consensus and appreciate the value of the hashing power and infrastructure of the first mover. They also lack the will or competence to see the long term trend.
I can't say I have sympathy for these folks. Feeling entitled to become wealthy without at least performing due diligence is insanity.
OP is clearly not an investor, and clearly does not understand what Bitcoin is. It's a shame to see these kind of people attracted to it. It makes the unenlightened scream "Ponzi!" or "tulips bulbs!" over and over through each retracement because they don't understand the full potential of distributed consensus and appreciate the value of the hashing power and infrastructure of the first mover. They also lack the will or competence to see the long term trend.
I can't say I have sympathy for these folks. Feeling entitled to become wealthy without at least performing due diligence is insanity.
Buying something because you were told its a sure thing, doing nothing, watching it lose its value and then selling it. Hard to sympathize.
Backing a financial asset with your own capital is not doing nothing; investors are supporting the bitcoin network and at their own financial risk... sometimes it works out for them, and sometimes it doesn't (like OP!) but to say she got what was coming to her because she "did nothing" kind of rejects the entire principle of investing in general.
Great lesson on investing then. In many ways. That there is invaluable, no need to be upset.
She's tired ... after all it's not easy battle ..
Donna Summer - Breakaway
https://www.youtube.com/watch?v=SN7kyRdyktQ
People, she sold ALL her coins.
Sure? Or does she only want to hear "noooo, Hodl!!" from us? If she really sold, she is stupid (if she dont need the money now)... Or it is just a new troll, trying to force people to sell with this panic thread...
I transfered all my coins now 10 mins ago to my paper wallet. Now I´m try to forget about BTC for the summer... lets see what happens when "winter is coming" ^^
That's what you get when you listen to the bitcoin salesmen 
Buying something because you were told its a sure thing, doing nothing, watching it lose its value and then selling it. Hard to sympathize.
Backing a financial asset with your own capital is not doing nothing; investors are supporting the bitcoin network and at their own financial risk... sometimes it works out for them, and sometimes it doesn't (like OP!) but to say she got what was coming to her because she "did nothing" kind of rejects the entire principle of investing in general.
People, she sold ALL her coins. She is completely out. Encouraging her to hang on is like telling a dead man help is coming. She is DEAD to bitcoins at this time. It seems like a weak hand at best, a greedy, get rich quick schemer at worst. Good riddance.
When Bitcoin drop, it means that its time to average down. I have bought some Bitcoin above 500$ and also below 400$ 
Buying something because you were told its a sure thing, doing nothing, watching it lose its value and then selling it. Hard to sympathize.
Veronica, you are not the only one. I invested 70% of all my money and at the moment I have a loss of 40%... But HODL!
You'll be kicking your ass and asking why? why? why I sold my bitcoins after few months, yes market is for strong and calm people.
i'm holding my bitcoin until they are worth enough to buy a time machine. then I will go back to the year 1635 and hoard all the tulip bulbs
hilarious
ty
I kind of wonder if this is real or if we're being trolled. It's a new account, and who would hold for months and months in a bear market and then sell just as the trend line is about to hit the 2013-2014 historical support level? (only a few weeks away)
That's what happens when you get into something expensive without understanding it. Emotional reactions take over.
Sounds like you've been "in" Bitcoin for less than 6 months.
Why sell when you know the years of history it has?
I feel sorry for you but I also don't feel sorry for you.
Sounds like you've been "in" Bitcoin for less than 6 months.
Why sell when you know the years of history it has?
I feel sorry for you but I also don't feel sorry for you.
Jump to: