Topic: I hate myself -_- (Read 4719 times)

Quote from: Cconvert2G36 on July 16, 2015, 12:23:13 AM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You went all-in with $50 with BTC at $310, we're now at $286 so you've lost like $4 now? Holy crap time to call the suicide line!

Dude it toke me a long time to make that $50 It's all what I have online ,and it's kinda hard for me to use the money I own in real life online because of the stupid protected economy of Morocco ,besides I hate dealing with banks.

If you have a good english, you can join a signature campaing and post decent posts, you could make 50$ every month, more if you reach Hero Member status. In your country that would a nice income, and no taxes since you get paid directly in BTC

who pays more for Hero status sig camps?

links?

bit-x pay more, 0.002 more to be exactly, there is no limit so you can make much more than a mere 50 dollars per month

Hero members shilling for a dollar and change a day is quite sad. Completely believable, but sad.

well it's not actually few dollars like many believe, you can reach 1 btc per month, easily if you know how to post without spamming

Quote from: pereira4 on July 15, 2015, 09:47:33 AM

Selling sub 1K is a big gamble if you are here long term. By 2024-2025 we should be way past that, so anything you can get under that price is overall cheap for a long term investor. People can't think long term and stack up BTC even if they are perceived as expensive now.

apparently none can't wait so long, they want quick profit, because they think that something will replace bitcoin, or will eventually fade away due to many internal problem that bitcoin has, about security, mining ecc..

Cconvert2G36

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Hero members shilling for a dollar and change a day is quite sad. Completely believable, but sad.

edgar

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Quote from: ?? on ??

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You went all-in with $50 with BTC at $310, we're now at $286 so you've lost like $4 now? Holy crap time to call the suicide line!

Dude it toke me a long time to make that $50 It's all what I have online ,and it's kinda hard for me to use the money I own in real life online because of the stupid protected economy of Morocco ,besides I hate dealing with banks.

If you have a good english, you can join a signature campaing and post decent posts, you could make 50$ every month, more if you reach Hero Member status. In your country that would a nice income, and no taxes since you get paid directly in BTC

who pays more for Hero status sig camps?

links?

Brewins

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Quote from: ?? on ??

Quote from: gentlemand on July 14, 2015, 03:18:45 PM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You went all-in with $50 with BTC at $310, we're now at $286 so you've lost like $4 now? Holy crap time to call the suicide line!

Dude it toke me a long time to make that $50 It's all what I have online ,and it's kinda hard for me to use the money I own in real life online because of the stupid protected economy of Morocco ,besides I hate dealing with banks.

If you have a good english, you can join a signature campaing and post decent posts, you could make 50$ every month, more if you reach Hero Member status. In your country that would a nice income, and no taxes since you get paid directly in BTC

even if you have not, some campaigns like Coinomat and yobit pay for local board posts.

$4 is like 15 posts with a senior account with coinomat, so you can see that your loss was not that big, considering how much you can get with the bitcoin comunity

pereira4

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Quote from: chesthing on July 14, 2015, 02:47:48 PM

You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.

Anyone with some awareness should know that it's going to be a multi-year deal. It would suck being that far underwater but I'd be looking to hang myself post 2024 or so. By that time we'll really know whether this thing's going to motor or not.

Until then it's all to play for. An $800 buyer might look like a genius in a few years, or a goat. We'll see.

Selling sub 1K is a big gamble if you are here long term. By 2024-2025 we should be way past that, so anything you can get under that price is overall cheap for a long term investor. People can't think long term and stack up BTC even if they are perceived as expensive now.

pooya87

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live and learn!

don't get disappointing when you lose money, this is a great lesson that you can gain a lot of experience from it. you must lose money to be able to eliminate false decisions and become more experienced.

but always remember to do some research before investing in anything.

BurgerKill

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Quote from: tyrexs on July 14, 2015, 11:13:13 PM

Quote from: UnDerDoG81 on July 14, 2015, 11:22:07 AM

Quote from: chesthing on July 14, 2015, 10:44:11 AM

Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

Are you still holding all of them?

Yes, see one post before yours

need wait for a long time to wait for prices to return $ 800, but if it happens again the price of the course will exceed previous prices

Then you will surely make good profit, I hope you will donate some to us fellow Bitcointalk posters! Cheesy

jk

tyrexs

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Quote from: UnDerDoG81 on July 14, 2015, 11:22:07 AM

Quote from: chesthing on July 14, 2015, 10:44:11 AM

Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

Are you still holding all of them?

Yes, see one post before yours

need wait for a long time to wait for prices to return $ 800, but if it happens again the price of the course will exceed previous prices

UnDerDoG81

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Quote from: chesthing on July 14, 2015, 04:51:37 PM

Quote from: gentlemand on July 14, 2015, 03:18:45 PM

Quote from: chesthing on July 14, 2015, 02:47:48 PM

You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.

Anyone with some awareness should know that it's going to be a multi-year deal. It would suck being that far underwater but I'd be looking to hang myself post 2024 or so. By that time we'll really know whether this thing's going to motor or not.

Until then it's all to play for. An $800 buyer might look like a genius in a few years, or a goat. We'll see.

What would be killing me right now is knowing I could have 4x the coins for the same $80k just a year or so later. It's a situation I can't imagine being in, and I think he must have a very strong strength of character/spirit or whatever you want to call it to be taking it as well as he seems to.

Well of course I was pissed as BTC dropped down to $200. I could have 400 coins instead of 100 now. But I am really bad at gambling. I tried daytrading a few times and only made losses. So I decided to put all my 103 coins (I had 107 coins but lost 4 with daytrading) on a paper wallet and let them there. Its money I saved a long time ago. I have some other money on the side for emergency reasons.

As I said, I have a loss of about 60%. That is so much that I prefer/risk to sink with the ship instead of selling with a loss of 60% and hate myself when BTC climbs back up one day.

Biodom

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a simple explanation why $50000 is possible if people will consider bitcoin a solid asset class in the future:

There were >30 mil millionaires in the world with total wealth of 87.5 tril in 2012.
Conservatively, they probably have at least 100 tril by now since market prices increased in the last three years.
1% of 100tril=1tril/~20mil coins=~50K/coin.
In other words, if millionaires decided "on average" to dedicate just 1% of their capital to bitcoin, we will get to 50K easily.
Bitcoin just has to be established as an asset class and survive the altcoins/bankcoins challenge.
It is quite possible, but not guaranteed by any means.

600watt

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Quote from: Wilhelm on July 14, 2015, 03:35:31 PM

Quote from: gentlemand on July 14, 2015, 03:18:45 PM

Quote from: chesthing on July 14, 2015, 02:47:48 PM

You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.

Anyone with some awareness should know that it's going to be a multi-year deal. It would suck being that far underwater but I'd be looking to hang myself post 2024 or so. By that time we'll really know whether this thing's going to motor or not.

Until then it's all to play for. An $800 buyer might look like a genius in a few years, or a goat. We'll see.

This rollercoaster beats the odds of many lottery

yeah, wedbush said the probability for 1 btc = 1 mio $ is 0.02%

does not sound much, but 1 : 5000 ain´t actually so bad.

to win the the lottery jackpot it is 1 : 139 838 160

the odds are 27 000 x better if wedbush is right.

in my view the 1 mio $ probability is higher than 0.02%.

i would pull 5% aoma

chesthing

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Quote from: gentlemand on July 14, 2015, 03:18:45 PM

Quote from: chesthing on July 14, 2015, 02:47:48 PM

You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.

Anyone with some awareness should know that it's going to be a multi-year deal. It would suck being that far underwater but I'd be looking to hang myself post 2024 or so. By that time we'll really know whether this thing's going to motor or not.

Until then it's all to play for. An $800 buyer might look like a genius in a few years, or a goat. We'll see.

What would be killing me right now is knowing I could have 4x the coins for the same $80k just a year or so later. It's a situation I can't imagine being in, and I think he must have a very strong strength of character/spirit or whatever you want to call it to be taking it as well as he seems to.

Wilhelm

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Quote from: gentlemand on July 14, 2015, 03:18:45 PM

Quote from: chesthing on July 14, 2015, 02:47:48 PM

You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.

Anyone with some awareness should know that it's going to be a multi-year deal. It would suck being that far underwater but I'd be looking to hang myself post 2024 or so. By that time we'll really know whether this thing's going to motor or not.

Until then it's all to play for. An $800 buyer might look like a genius in a few years, or a goat. We'll see.

This rollercoaster beats the odds of many lottery

gentlemand

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Welt Am Draht

Quote from: chesthing on July 14, 2015, 02:47:48 PM

You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.

Anyone with some awareness should know that it's going to be a multi-year deal. It would suck being that far underwater but I'd be looking to hang myself post 2024 or so. By that time we'll really know whether this thing's going to motor or not.

Until then it's all to play for. An $800 buyer might look like a genius in a few years, or a goat. We'll see.

chesthing

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Quote from: UnDerDoG81 on July 14, 2015, 11:22:07 AM

Quote from: chesthing on July 14, 2015, 10:44:11 AM

Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

Are you still holding all of them?

Yes, see one post before yours

You have my utmost respect, I mean that. I'd have dumped for a loss long ago or hanged myself I think.

Amph

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Quote from: UnDerDoG81 on July 14, 2015, 11:22:07 AM

Quote from: chesthing on July 14, 2015, 10:44:11 AM

Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

Are you still holding all of them?

Yes, see one post before yours

kudos for still holding from 800, only a few can really do that, many would have dumped at 600 already

you also seems to be very relaxed, perhaps you have a trump card

UnDerDoG81

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Quote from: chesthing on July 14, 2015, 10:44:11 AM

Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

Are you still holding all of them?

Yes, see one post before yours

chesthing

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Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

Are you still holding all of them?

UnDerDoG81

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Quote from: 600watt on July 13, 2015, 06:17:54 PM

Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

and you haven´t lost faith, brother ?

the bitcoin is strong in you.

you shall get rewarded opulent, lavish, exuberant, abundant, profuse, luxuriant, opulently, luscious, amply, plush, prodigiously, exuberantly, richly, wantonly, lusciously, luxuriantly, sumptuously, curvaceously and riotously and in that order.

soon^TM

Cool

Thanks, I decided to hodl and sink with the ship or fly to the moon

freedomno1

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Learning the troll avoidance button :)

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

Don't mind the market will come back in time
That or you can invest it somewhere and get a few bucks back some of the best deals tend to be when you buy stuff with Bitcoin
Remembers when newegg started accepting Bitcoin 500 for 350 or something like that and then the price dropped a lot and I sold the stuff I bought and had a net + he-he.

HarHarHar9965

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Do not hate yourself over bad investments, never do that. Be confident in your decisions and accept what comes your way. Whenever I had a big loss (very less), I used to go out for a walk and calm down. Always do that. You're young, people here are not so compassionate. My opinion regarding bitcoin investment is keep holding on, have patience son. This is a test for you. Keep your investments intact, and wait for 90 days. See the magic.
And as a beginner, I would advise you to follow patterns and learn charts as a way to learn.

mattiadeabtc

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★YoBit.Net★ 200+ Coins Exchange & Dice

Quote from: bornil267645 on July 14, 2015, 02:46:40 AM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

Don't worry about it, if u don't need to use the money you invested, just wait bitcoin will go up! stay hungry, stay foolish

Amph

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Why can't you people see bitcoin anything other than a quick profit. Why? Just use your bitcoin to yur need and don't make it about just loss and gain.

the nature of the human tells them to be greedy as fuck, i'm also in the same boat but only because i don't like to work Cheesy

, but besides this, i'm spending regularly bitcoin if i have the opportunity to do it

bornil267645

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AltoCenter.com

Why can't you people see bitcoin anything other than a quick profit. Why? Just use your bitcoin to yur need and don't make it about just loss and gain.

randy8777

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holding is the best option. especially when you bought at the peak. in this case your investment went down around 4 bucks. not really worth selling.

600watt

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Quote from: UnDerDoG81 on July 13, 2015, 06:04:03 PM

I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

and you haven´t lost faith, brother ?

the bitcoin is strong in you.

you shall get rewarded opulent, lavish, exuberant, abundant, profuse, luxuriant, opulently, luscious, amply, plush, prodigiously, exuberantly, richly, wantonly, lusciously, luxuriantly, sumptuously, curvaceously and riotously and in that order.

soon^TM

Cool

chessnut

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no leverage?

Forget about it, throw away the password to your wallet. This is the Norwegian Method Wink

UnDerDoG81

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I wasted $4 on ice cream yesterday and you are going crazy about that Grin

I bought 100 coins @ $800 with almost all of my savings so I should really hate myself Cheesy

NorrisK

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I guess the money is on the way to become the full buy price again.. Don't be scared by short term fluctuations, they are part of the deal you sign when you buy into bitcoin.

willope

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Quote from: BurgerKill on July 13, 2015, 04:07:46 PM

Quote from: willope on July 13, 2015, 04:02:01 PM

Quote from: BurgerKill on July 13, 2015, 03:49:04 PM

Quote from: willope on July 13, 2015, 04:02:01 PM

Don't worry. You didn't lost anything. You still have your fraction of bitcoin. Yust look at the chart on bitcoinwisdom 1w. You will see that what today is 50$ tomorrow will be 30, one week laert 80$. There is no fixed value in the bitcoin world. So, think about it. If you wanted bitcoins, you didn't wanted dollars. You wanted to own btc.
Don't sell it. Never sell it. If bitcoin will succed you will have no need to sell it for dollars, you will just use it to buy a car.
But if bitcoin will dead, you will lost your money, trading or not, its the same.

I highly doubt Bitcoin will succeed that much that you can buy a car with $50 today-invest.
And I too highly doubt Bitcoin will just drop that you will have nothing then..

And why? You can buy a used car with only 2000$
If he bought at 310$, he actually has 0.16129 bitcoins. So if the price goes up to 12400$ he can buy a car of 2000$. He just need a 40fold increase in value.
It will not be a good car, but a car that takes you to your destination.

Oh, you mean this price. He will have to hold for many and many years to get even a chance for $12400 price.. I was thinking about $1000 or something like that.

Well he said he doesn't ned this money for live. He can wait a bit. In any case, I don't know what's the price of a used car in morrocco...

BurgerKill

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Quote from: BurgerKill on July 13, 2015, 03:49:04 PM

Quote from: BurgerKill on July 13, 2015, 03:49:04 PM

Don't worry. You didn't lost anything. You still have your fraction of bitcoin. Yust look at the chart on bitcoinwisdom 1w. You will see that what today is 50$ tomorrow will be 30, one week laert 80$. There is no fixed value in the bitcoin world. So, think about it. If you wanted bitcoins, you didn't wanted dollars. You wanted to own btc.
Don't sell it. Never sell it. If bitcoin will succed you will have no need to sell it for dollars, you will just use it to buy a car.
But if bitcoin will dead, you will lost your money, trading or not, its the same.

I highly doubt Bitcoin will succeed that much that you can buy a car with $50 today-invest.
And I too highly doubt Bitcoin will just drop that you will have nothing then..

And why? You can buy a used car with only 2000$
If he bought at 310$, he actually has 0.16129 bitcoins. So if the price goes up to 12400$ he can buy a car of 2000$. He just need a 40fold increase in value.
It will not be a good car, but a car that takes you to your destination.

Oh, you mean this price. He will have to hold for many and many years to get even a chance for $12400 price.. I was thinking about $1000 or something like that.

nonbody

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2local[IEO] - https://2local.io/

hold it, the price will go back up eventually, if you want to row the bitoin send me a pm

i have an offer for you

willope

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Don't worry. You didn't lost anything. You still have your fraction of bitcoin. Yust look at the chart on bitcoinwisdom 1w. You will see that what today is 50$ tomorrow will be 30, one week laert 80$. There is no fixed value in the bitcoin world. So, think about it. If you wanted bitcoins, you didn't wanted dollars. You wanted to own btc.
Don't sell it. Never sell it. If bitcoin will succed you will have no need to sell it for dollars, you will just use it to buy a car.
But if bitcoin will dead, you will lost your money, trading or not, its the same.

I highly doubt Bitcoin will succeed that much that you can buy a car with $50 today-invest.
And I too highly doubt Bitcoin will just drop that you will have nothing then..

And why? You can buy a used car with only 2000$
If he bought at 310$, he actually has 0.16129 bitcoins. So if the price goes up to 12400$ he can buy a car of 2000$. He just need a 40fold increase in value.
It will not be a good car, but a car that takes you to your destination.

BurgerKill

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Quote from: JimboToronto on July 13, 2015, 08:48:03 AM

Don't worry. You didn't lost anything. You still have your fraction of bitcoin. Yust look at the chart on bitcoinwisdom 1w. You will see that what today is 50$ tomorrow will be 30, one week laert 80$. There is no fixed value in the bitcoin world. So, think about it. If you wanted bitcoins, you didn't wanted dollars. You wanted to own btc.
Don't sell it. Never sell it. If bitcoin will succed you will have no need to sell it for dollars, you will just use it to buy a car.
But if bitcoin will dead, you will lost your money, trading or not, its the same.

I highly doubt Bitcoin will succeed that much that you can buy a car with $50 today-invest.
And I too highly doubt Bitcoin will just drop that you will have nothing then..

willope

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Activity: 366

Merit: 261

Don't worry. You didn't lost anything. You still have your fraction of bitcoin. Yust look at the chart on bitcoinwisdom 1w. You will see that what today is 50$ tomorrow will be 30, one week laert 80$. There is no fixed value in the bitcoin world. So, think about it. If you wanted bitcoins, you didn't wanted dollars. You wanted to own btc.
Don't sell it. Never sell it. If bitcoin will succed you will have no need to sell it for dollars, you will just use it to buy a car.
But if bitcoin will dead, you will lost your money, trading or not, its the same.

BurgerKill

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If you keep them you should be ok. You will make your profit later. BTW $50 is not that much, I earned it from faucets with a bunch of referrals just in 14 days.

Chopperman

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Consider that a cheap lesson: don't buy when the price is rising, buy when it dips and sell when it rises or hold until it rises more.

LOL. Buy the f*cking dip.

https://www.youtube.com/watch?v=0akBdQa55b4

Wexlike

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Quote from: OBAViJEST on July 13, 2015, 01:45:31 PM

Quote from: Wexlike on July 13, 2015, 01:27:24 PM

Wouldn't it make more sense in your position to work for 2 hours instead of doing all this "research" just to make 1-2$ per trade ?

edit: Or sell your signature space. I mean, honestly...

When I said 'research', I not only meant learning about trading/speculation/etc. but also learning the ins and outs of how the crypto-currency world works, everything from developing to scam-spotting to individual altcoins and their specific communities. That's knowledge you can't put a price tag on...!

http://coinmarketcap.com/2

The place where dreams come true ?

Amph

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Quote from: g-unit on July 13, 2015, 12:55:31 PM

If you're in it for the long run which you should be this is nothing. Keep buying at regular intervals.

well he isn't here for the long run, basically only few are here for that thing, everyone is waiting to dump at even 1% of his principal

then we should define "long term" because from the look of the thing , it seems that even 300 might be a long term value

OBAViJEST

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Quote from: Wexlike on July 13, 2015, 01:27:24 PM

Wouldn't it make more sense in your position to work for 2 hours instead of doing all this "research" just to make 1-2$ per trade ?

edit: Or sell your signature space. I mean, honestly...

When I said 'research', I not only meant learning about trading/speculation/etc. but also learning the ins and outs of how the crypto-currency world works, everything from developing to scam-spotting to individual altcoins and their specific communities. That's knowledge you can't put a price tag on...!

SmoothCurves

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Maybe stop trading? Just buy and hodl!

NeuroticFish

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Looking for campaign manager? Contact icopress!

Quote from: Wexlike on July 13, 2015, 01:27:24 PM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You should not invest (or gamble) the money you don't afford to lose. You already broke this rule.
You also don't have the guts to follow the movements and turn them into cash.

My conclusion would be that you should cash out as soon as you can and leave Bitcoin.
If (or when!) Bitcoin will get really big, you will hate me. But if you act like this after a 4$ lose, you will leave bitcoin sooner or later.

gentlemand

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Welt Am Draht

Wouldn't it make more sense in your position to work for 2 hours instead of doing all this "research" just to make 1-2$ per trade ?

edit: Or sell your signature space. I mean, honestly...

No way, dude.

It's on the internet. This is a place where time stands still and $0.04 per hour from faucets et al is actually a superb use of one's ever pissing-away life force.

Wexlike

legendary

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Quote from: OBAViJEST on July 13, 2015, 11:36:30 AM

so $4 isn't much and yes I'm just a student , I asked for an advice here so I would know what to do if it was more money that's all and for god sake I'm still learning don't be harsh on me Sad

.

Edit: as a student I live with 3 other students in a rented room ,and I can manage to live on $4 for two days with two meals every day ,so yeah.

As a fellow broke-ass student, I'll share the two most important pieces of information I've learned so far:

Quote

1. Don't take anyone's word as truth - form your own conclusion after lots of research (you seem to understand this already Wink

). By blinding following someone's advice, you could unknowingly be giving them all your money.

2. Only trade/buy/sell what you can afford to lose

I also put $50 into BTC when I had the money. Shortly afterwards, I was injured and couldn't work, so I had to take it back out and convert into fiat (luckily I made $1 off the investment instead of losing anything). I did keep $5 of that $51 in BTC, bought some altcoin, did research, mined what I could, did more research, traded, did more research, and lost a lot because I didn't do enough research. But now that $5 is $15 (was $20 at LTC peak)!

Either I lose it all and cope with the loss of $5 - or I play my cards right and continue to profit!!!

By the way - to answer your question, I would hold (unless you really need the money for school). When it comes to this market, history tends to repeat itself, in terms of highs and lows...

Wouldn't it make more sense in your position to work for 2 hours instead of doing all this "research" just to make 1-2$ per trade ?

edit: Or sell your signature space. I mean, honestly...

g-unit

sr. member

Activity: 432

Merit: 250

If you're in it for the long run which you should be this is nothing. Keep buying at regular intervals.

Xialla

legendary

Activity: 1036

Merit: 1001

/dev/null

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

ohh dude, you lost literally nothing. you just bought bitcoin at higher price, than is today, nothing else. if you will wait enough (and for sure, less than 3 months), you will simply recover from this small mistake and even you get some nice profit. just wait little bit and relax. Kiss

chesthing

legendary

Activity: 1414

Merit: 1000

My first btc purchase ever was Dec 15th 2013. I had been watching if for a couple weeks after I learned about it. That morning the price went down to $700 after being at the $1000 top, so I bought 5 btc. At 3:00am my eyes popped open and I had a horrible feeling as I rushed to the computer, only to see the price at the absolute bottom of the dump - $377. I just saw half of $3500 evaporate, or so I felt.
Thank Christ it took Coinbase 5 days to give me the btc, in which time it had fully recovered to $700. With a sigh of relief I sold them immediately, then watched in anguish/disbelief as the price climbed back to $1k within a couple weeks.
That's a harrowing start, $4 ain't shit.

Zorrocoin

sr. member

Activity: 336

Merit: 250

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

Exactly what I was gonna say. Members who have been here for a long while are being so arrogant and bitchy to new members who are just going through a new phase . There is nothing to be so pissed about . The only way bitcoin is gonna have any more users is if it can trust bitcoin enough to go with it, and with shit like this people are of course gonna be disheartened. so calm down.

Amitabh S

legendary

Activity: 1001

Merit: 1005

Dude its only $4. Take the loss and move on. Be thankful it was not 400 or 4000. The title is not deserving for $4.

If you follow the principle of hodl, you should be fine.

chesthing

legendary

Activity: 1414

Merit: 1000

Stop wasting your time trading the snail that is BTC. Start watching/learning how to play altcoins to make btc.

spazzdla

legendary

Activity: 1722

Merit: 1000

If you can afford to lose the cash IMO just hold UNLESS you have the time to day trade.

You could make some real profits day trading but you need a lot of time.

Sorry, I thought losing this cash would hurt you financially.

OBAViJEST

hero member

Activity: 714

Merit: 500

so $4 isn't much and yes I'm just a student , I asked for an advice here so I would know what to do if it was more money that's all and for god sake I'm still learning don't be harsh on me Sad

.

Edit: as a student I live with 3 other students in a rented room ,and I can manage to live on $4 for two days with two meals every day ,so yeah.

As a fellow broke-ass student, I'll share the two most important pieces of information I've learned so far:

Quote

1. Don't take anyone's word as truth - form your own conclusion after lots of research (you seem to understand this already Wink

). By blinding following someone's advice, you could unknowingly be giving them all your money.

2. Only trade/buy/sell what you can afford to lose

I also put $50 into BTC when I had the money. Shortly afterwards, I was injured and couldn't work, so I had to take it back out and convert into fiat (luckily I made $1 off the investment instead of losing anything). I did keep $5 of that $51 in BTC, bought some altcoin, did research, mined what I could, did more research, traded, did more research, and lost a lot because I didn't do enough research. But now that $5 is $15 (was $20 at LTC peak)!

Either I lose it all and cope with the loss of $5 - or I play my cards right and continue to profit!!!

By the way - to answer your question, I would hold (unless you really need the money for school). When it comes to this market, history tends to repeat itself, in terms of highs and lows...

Paashaas

legendary

Activity: 3620

Merit: 4813

Quote from: spazzdla on July 13, 2015, 11:00:26 AM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

Dont sell, just hold it and enjoy the ride. You bought at a good time dont worry about that, current ~$290 after the dump is still a nice correction.

H4M24

newbie

Activity: 85

Merit: 0

Quote from: Kevinrasf on July 13, 2015, 09:56:18 AM

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

Yes indeed, well said.

Instead of scaring away new people we should embrace/welcome them.

He lost some money for some people its a laugh but maybe hes a student or whatever and still a loss is a loss.

Learn from this, and read / investigate about markets before you put money in it.

so $4 isn't much and yes I'm just a student , I asked for an advice here so I would know what to do if it was more money that's all and for god sake I'm still learning don't be harsh on me Sad

.

Edit: as a student I live with 3 other students in a rented room ,and I can manage to live on $4 for two days with two meals every day ,so yeah.

Bitcoin is an EXTERMELY risky investment.... if you need $4 for food and you are dumping $50 into BTC... I only see me being a complete dick as useful. You need a big cup of wake up juice.

If you cannot afford to lose every single penny you put into BTC you shouldn't be touching it.

as I said before that $50 was the money I made online and will stay online ,there is no way I can use it to buy food lol ,besides I'm not that poor my parents still support me and i have a part time job ,so I'll keep domping some money from time to time in bitcoin it's a small risk I'm ready to take ,for now I'll keep learning , untill I have a steady income then I'll go with bigger investment.

Thanks t every one that replied you guys are awesome Cool

spazzdla

legendary

Activity: 1722

Merit: 1000

Quote from: Kevinrasf on July 13, 2015, 09:56:18 AM

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

Yes indeed, well said.

Instead of scaring away new people we should embrace/welcome them.

He lost some money for some people its a laugh but maybe hes a student or whatever and still a loss is a loss.

Learn from this, and read / investigate about markets before you put money in it.

so $4 isn't much and yes I'm just a student , I asked for an advice here so I would know what to do if it was more money that's all and for god sake I'm still learning don't be harsh on me Sad

.

Edit: as a student I live with 3 other students in a rented room ,and I can manage to live on $4 for two days with two meals every day ,so yeah.

Bitcoin is an EXTERMELY risky investment.... if you need $4 for food and you are dumping $50 into BTC... I only see me being a complete dick as useful. You need a big cup of wake up juice.

If you cannot afford to lose every single penny you put into BTC you shouldn't be touching it.

spazzdla

legendary

Activity: 1722

Merit: 1000

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

And when we convince him to put in $500 and BTC drops to $100 and he comes here spewing out he has a laywer and is going to try to sue people for misguiding him.. what then?

I am not interested in getting users into BTC that are going to tell everyone how horrible it is and how it ruined their lives when they lose 50% of their investment that doesn't help us at all.

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: Kevinrasf on July 13, 2015, 09:56:18 AM

Quote from: Kevinrasf on July 13, 2015, 09:56:18 AM

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

Yes indeed, well said.

Instead of scaring away new people we should embrace/welcome them.

He lost some money for some people its a laugh but maybe hes a student or whatever and still a loss is a loss.

Learn from this, and read / investigate about markets before you put money in it.

so $4 isn't much and yes I'm just a student , I asked for an advice here so I would know what to do if it was more money that's all and for god sake I'm still learning don't be harsh on me Sad

.

Edit: as a student I live with 3 other students in a rented room ,and I can manage to live on $4 for two days with two meals every day ,so yeah.

If this is the truth speculation is nothing for you then...
should better finish your studies and get a permanent income which you the can use to speculate.

4$ for 2 days... oh boy mind to share where you are from?

H4M24

newbie

Activity: 85

Merit: 0

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

Yes indeed, well said.

Instead of scaring away new people we should embrace/welcome them.

He lost some money for some people its a laugh but maybe hes a student or whatever and still a loss is a loss.

Learn from this, and read / investigate about markets before you put money in it.

so $4 isn't much and yes I'm just a student , I asked for an advice here so I would know what to do if it was more money that's all and for god sake I'm still learning don't be harsh on me Sad

.

Edit: as a student I live with 3 other students in a rented room ,and I can manage to live on $4 for two days with two meals every day ,so yeah.

Dilla

hero member

Activity: 588

Merit: 500

Just wait it out. It will go up and passed your by in point again soon. We are experiencing a minor correction today. Monday dumps have been normal lately after a bull weekend.

Malin Keshar

hero member

Activity: 616

Merit: 500

Could be worse. At least you didn't lose everything to GOX, and neither went all in by selling your house 1 year and a half ago.

Unless you are in North Korea or other isolated country $4 won't make any difference for your wealth.

And you can invest your BTC or wait some recover, but doing so you could lose even more too

Kevinrasf

hero member

Activity: 560

Merit: 500

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

Yes indeed, well said.

Instead of scaring away new people we should embrace/welcome them.

He lost some money for some people its a laugh but maybe hes a student or whatever and still a loss is a loss.

Learn from this, and read / investigate about markets before you put money in it.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: Morecoin Freeman on July 05, 2015, 10:01:02 AM

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

why tf are some of you well established forum members so hateful/arrogant towards new members who are just experiencing the same emotional stress as almost all of us did in the bitcoin past at some point ? is that the path to get more users on the bitcoin rocket ?

Morecoin Freeman

hero member

Activity: 854

Merit: 503

Legendary trader

August/September 2014 I lost ~20k USD in trading. Not afraid to admit. Still survived and well in the positives.

There is only one bottom line in trading and that bottom line is how much money you make.
I have stress every single second. Not everybody can survive.

spazzdla

legendary

Activity: 1722

Merit: 1000

You lost $4..

Leave BTC and never return.. if you shit your pants over $4 Bitcoin is just not for you.

Amph

legendary

Activity: 3248

Merit: 1072

you're not losing anything as long as you are holding until the price will return to the previous point, we are not so far away, this is a tiny dump, we can recover quickly

it's a matter to trust more bitcoin, if you dump now everything will be rendered useless

H4M24

newbie

Activity: 85

Merit: 0

Quote from: Miz4r on July 13, 2015, 08:52:43 AM

Quote from: JimboToronto on July 13, 2015, 08:48:03 AM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You went all-in with $50 with BTC at $310, we're now at $286 so you've lost like $4 now? Holy crap time to call the suicide line!

Dude it toke me a long time to make that $50 It's all what I have online ,and it's kinda hard for me to use the money I own in real life online because of the stupid protected economy of Morocco ,besides I hate dealing with banks.

Just stick with it mate, we're coming out of a 1.5 year+ bear market right now there will be shake outs and retracements along the way, but if you focus on the horizon far away you can see that the Bitcoin future is bright.

Have patience and don't let your emotions carry you away because of daily price fluctuations. You will get used to this and learn to see things from a bigger perspective if you stick with it.

yeah I'll just stay loyal to bitcoin from now on and buy whenever i had the chance ,and I'll use it the way it suppose to be used ,you know transactions shopping ...

H4M24

newbie

Activity: 85

Merit: 0

Where I live, you're lucky to get a beer for $4.

Consider that a cheap lesson: don't buy when the price is rising, buy when it dips and sell when it rises or hold until it rises more.

If you don't understand what you're buying, don't buy at all. Do your research.

Thanks for the new word 'dips' I'm not a native English speaker but I'll do my research Grin

Miz4r

legendary

Activity: 1246

Merit: 1000

Quote from: JimboToronto on July 13, 2015, 08:48:03 AM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You went all-in with $50 with BTC at $310, we're now at $286 so you've lost like $4 now? Holy crap time to call the suicide line!

Dude it toke me a long time to make that $50 It's all what I have online ,and it's kinda hard for me to use the money I own in real life online because of the stupid protected economy of Morocco ,besides I hate dealing with banks.

Just stick with it mate, we're coming out of a 1.5 year+ bear market right now there will be shake outs and retracements along the way, but if you focus on the horizon far away you can see that the Bitcoin future is bright.

Have patience and don't let your emotions carry you away because of daily price fluctuations. You will get used to this and learn to see things from a bigger perspective if you stick with it.

TheRealistMassiah1

newbie

Activity: 28

Merit: 0

Where I live, you're lucky to get a beer for $4.

Consider that a cheap lesson: don't buy when the price is rising, buy when it dips and sell when it rises or hold until it rises more.

If you don't understand what you're buying, don't buy at all. Do your research.

holy balls that's some solid advice to lose money quick X_X ... the poor guy doesn't even know what down trend stability is or uptrend potential and you are telling him to buy on dips and sell when it rises !?!?!! you might as well tell him to sell when it falls and buy when its high again ... its the same crap you are telling him, and thats a very fast way to lose money quick when you only have a punitive amount of 50$ ....

Side note Oh I see H4M24! also don't listen to any advice from forums it will mess you up ... instead take the time to learn and read books and research the market on your own time!

H4M24

newbie

Activity: 85

Merit: 0

Quote from: TheRealistMassiah1 on July 13, 2015, 08:43:46 AM

Quote from: farting_shot on July 13, 2015, 08:40:23 AM

You're just a plankton in the sea of whales and sharks, you're only good for a snack, youj just got swallowed up, gobbled up and shat out. Your cries don't mean jack here.

Lmao I enjoy your cynicism and harsh jack assery of peoples situation farting_shot.... anyways (//end sarcasm)

you are indeed a micro plankton more like a proto-zoa in the sea with plankton larger than you and you were gobbled up, H4M24. Also Morocco has no infrastructure for bitcoin ... how the hell did you manage to open up an exchange account !?!?!

I don't have an exchange account ,I had the $50 on webmoney (works without the need of a cc verification) ,and used an exchange service .

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Where I live, you're lucky to get a beer for $4.

Consider that a cheap lesson: don't buy when the price is rising, buy when it dips and sell when it rises or hold until it rises more.

If you don't understand what you're buying, don't buy at all. Do your research.

H4M24

newbie

Activity: 85

Merit: 0

Quote from: TheRealistMassiah1 on July 13, 2015, 08:36:10 AM

Quote from: farting_shot on July 13, 2015, 08:40:23 AM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

it's Okay but take this loss as a learning experience and read a bit more into economics and speculative markets and emerging markets etc... and then realize that you should trade with money you can afford to lose and not money that your life depends on because that is a very bad situation

Also to be excited on a 3-5 $ gain is mediocre but to lose 10-20$ on an account with 50$ = rip

Yeah that's what I think of it ,and my life doesn't depend on that $50 so it's ok to lose it but I must take all the knowledge i can take from the experience that's why I started the thread.

TheRealistMassiah1

newbie

Activity: 28

Merit: 0

You're just a plankton in the sea of whales and sharks, you're only good for a snack, youj just got swallowed up, gobbled up and shat out. Your cries don't mean jack here.

Lmao I enjoy your cynicism and harsh jack assery of peoples situation farting_shot.... anyways (//end sarcasm)

you are indeed a micro plankton more like a proto-zoa in the sea with plankton larger than you and you were gobbled up, H4M24. Also Morocco has no infrastructure for bitcoin ... how the hell did you manage to open up an exchange account !?!?!

farting_shot

full member

Activity: 318

Merit: 100

You're just a plankton in the sea of whales and sharks, you're only good for a snack, youj just got swallowed up, gobbled up and shat out. Your cries don't mean jack here.

H4M24

newbie

Activity: 85

Merit: 0

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You went all-in with $50 with BTC at $310, we're now at $286 so you've lost like $4 now? Holy crap time to call the suicide line!

Dude it toke me a long time to make that $50 It's all what I have online ,and it's kinda hard for me to use the money I own in real life online because of the stupid protected economy of Morocco ,besides I hate dealing with banks.

TheRealistMassiah1

newbie

Activity: 28

Merit: 0

Quote from: 600watt on July 13, 2015, 08:26:07 AM

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

it's Okay but take this loss as a learning experience and read a bit more into economics and speculative markets and emerging markets etc... and then realize that you should trade with money you can afford to lose and not money that your life depends on because that is a very bad situation

Also to be excited on a 3-5 $ gain is mediocre but to lose 10-20$ on an account with 50$ = rip

backonEarth

newbie

Activity: 27

Merit: 0

Similar situation happened to me earlier this year: https://bitcointalksearch.org/topic/has-it-been-so-bad-before-925249

In the end I got away with a small profit, so in your case I would definitely wait soms more.

H4M24

newbie

Activity: 85

Merit: 0

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

be happy that you were able to learn an important lesson for actually not that much money. when i bought coins in the early summer of 2013 price almost went down 50% afterwards. in the long run you should be doing ok.

Thanks I think I'll keep it ,and the lesson is to never get exited again Undecided

Miz4r

legendary

Activity: 1246

Merit: 1000

So I was able to make an income from the internet (wohoo) $50 in more than three months actually which is a good start since I'm a beginner I was very proud of myself ,until I saw that bitcoin was rising yesterday and I bought what I could buy with that $50 than I woke up today and voila an easy way to lose money.

should I sell and take the smallest damage or keep and risk of losing more ?

You went all-in with $50 with BTC at $310, we're now at $286 so you've lost like $4 now? Holy crap time to call the suicide line!

600watt

legendary

Activity: 2338

Merit: 2106