I give up - page 17. | Bitcointalksearch.org

alex0909

sr. member

Activity: 261

Merit: 250

I remember a guy who bought a big bunch of Litecoins at 6$, he bought around 10k of them with money he could not afford to lose.

When litecoin hit the bottom, at that time it was 2$. He was full of despair and wanted to take his loss.
I have no idea if that guy sold or not, he was advised not to sell.

Three weeks later, November arrived

Truth is, you need at least two bubbles to stop caring about the price.

Swordsoffreedom

legendary

Activity: 2884

Merit: 1115

Leading Crypto Sports Betting & Casino Platform

Quote from: Veronica26 on April 28, 2014, 11:28:32 PM

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. Sad

I look forward to waiting a few months and seeing how off you were
With Bitcoins you hold for the longest time
http://www.youtube.com/watch?v=NG1qooBzE2w

nostdal.org

newbie

Activity: 21

Merit: 0

Thanks for selling. I'm buying at these levels ($350 <--> $450).

culexevilman

legendary

Activity: 1064

Merit: 1000

Bitcoin is too valuable to be used as a currency

Quote from: Elwar on April 29, 2014, 02:16:31 AM

It must be hard after all the time you put into getting Bitcoin's use more widespread.

GL OP, see you in one year, revisit this thread and lets see. Wink

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

It must be hard after all the time you put into getting Bitcoin's use more widespread.

Simakki

hero member

Activity: 697

Merit: 500

OP must be some kind of retard, why even bother to invest something labeled "risky" and then after just couple of months make a panic sell.

Cluster2k

legendary

Activity: 1692

Merit: 1018

Quote from: Veronica26 on April 28, 2014, 11:28:32 PM

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. Sad

It could have been a really bad decision to sell now after the fall, or a great one. Past performance is not an indicator of the future in many investments, and bitcoin does not break the rules despite what many people want to believe.

The concerning thing about bitcoin is the number of people who believe that increasing bitcoin value versus just about every other asset class is inevitable and assured because of the mathematics involved. If too many people believe this bitcoin will collapse. Why? Because if most people believe bitcoin will continue to rise in value against other assets it becomes a stupid act to spend on services or even trade one for another asset.

igepott

newbie

Activity: 52

Merit: 0

I will not Lose My Faith In bitcoin just because of some fiat value fall. Some news may have affected the value of bitcoin to decrease, but it’s not going to make bitcoin disappear. In fact, after the issue, bitcoin is gaining value again soon.

Arghhh

full member

Activity: 182

Merit: 100

Quote from: TERA on April 29, 2014, 01:49:36 AM

Quote from: Arghhh on April 29, 2014, 01:48:03 AM

Buy it back soon, or get left behind:

You can forgive yourself for losing a couple of thousands, but you will never forgive yourself for missing out on millions.

We are in the eye of the storm. You can choose to sink or ride it out.

Can you please post this chart again with current prices on it.

Sure.

TERA

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Quote from: tins on April 28, 2014, 11:42:27 PM

Quote from: Veronica26 on April 28, 2014, 11:40:22 PM

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

Never invest more than you can afford to lose.
No such thing as a sure thing.

Depending on how it is meant, this is a really stupid advice. Obviously it is a good idea not to invest money and thereby risk your short term liquidity. But when it comes to things like retirement, which you also can't afford to lose, how can you have money and not be invested? Name a single way to keep money safe and risk-free for 20 years!

Diversification. Don't invest more than you can afford to lose into a single thing.

Take me for example. I am a 'bear' around here yet 25% of my net worth is in bitcoin. Most people would consider a 25% investment into something to be ridiculous and foolish. I'm actually a bull but not enough to currently engage in being unreasonably leveraged into bitcoin.

TERA

hero member

Activity: 728

Merit: 500

Quote from: Arghhh on April 29, 2014, 01:48:03 AM

Buy it back soon, or get left behind:

You can forgive yourself for losing a couple of thousands, but you will never forgive yourself for missing out on millions.

We are in the eye of the storm. You can choose to sink or ride it out.

Can you please post this chart again with current prices on it.

Arghhh

full member

Activity: 182

Merit: 100

Buy it back soon, or get left behind:

You can forgive yourself for losing a couple of thousands, but you will never forgive yourself for missing out on millions.

We are in the eye of the storm. You can choose to sink or ride it out.

YipYip

hero member

Activity: 574

Merit: 500

Quote from: Veronica26 on April 28, 2014, 11:40:22 PM

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

I am sorry for your loss but really ...what was this a SURE FIRE GET RICH QUICK scheme ??

For gods sake grow up ...how long have you been invested 3 months ??

So let me get this straight the get rich quick scheme took longer than 3 months so I am out...like WTF

Never invest money that you cant afford to lose...Equity investors talk about min 2-5 year investment timelines

TERA

hero member

Activity: 728

Merit: 500

Quote from: kireinaha on April 29, 2014, 12:02:47 AM

despair phase

Do you realize you are referring to a chart that bitcoiners themselves disagree with.

kireinaha

sr. member

Activity: 350

Merit: 253

despair phase

Bitcoin_is_here_to_stay

full member

Activity: 336

Merit: 100

Quote from: TERA on April 28, 2014, 11:49:36 PM

Always bet along the dominant trend.

I completely agree. Unfortunately, most of investment "advise" on this forum is to buy at any price - especially when bitcoin is "on sale" a.k.a. falling

Bitcoin_is_here_to_stay

full member

Activity: 336

Merit: 100

Quote from: hyphymikey on April 28, 2014, 11:32:26 PM

You didn't lose money until you sold. Should have held longer weak hand. You are going to be kicking yourself even harder when this rebounds.

This kind of advice is what got Veronica into her trouble in the first place.

Veronica, I have been in similar situation, I can imagine how you feel. But you made a progress - you learnt from your mistake and you cut your losses, although very late.

Bitcoin may fall even lower. In that case, you can buy again - this time doing more thorough full research on what is a good point to buy. this way you may recoup some of your losses - or even make a gain. And do better than hodlers that bought at the price similar to yours. this is probably the last think you are inclined to do now, but give it a thought when you will mourn your loss.

TERA

hero member

Activity: 728

Merit: 500

Always bet along the dominant trend.

kireinaha

sr. member

Activity: 350

Merit: 253

Sorry to hear that Sad

If nothing else, it serves as a reminder as to why the phrase "don't invest more than you're willing to lose" is thrown around here so much. We could be in a downturn that could last several more months or maybe even a year or more. Any prospective investors should be prepared for movements in either direction, and if they think they may need the cash in a year or two, then it's too much.

It will go up again eventually, and when it does, it will be fast. So in the meantime, maybe just put in what you,re willing to invest and forget (like a 401k?) and then no problem.

tins

hero member

Activity: 882

Merit: 500

Quote from: Veronica26 on April 28, 2014, 11:40:22 PM

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

Never invest more than you can afford to lose.
No such thing as a sure thing.

Topic: I give up - page 17. (Read 22635 times)