i put almost all my money and lost a lot

boumalo

legendary

Activity: 1918

Merit: 1018

Quote from: Mythul on February 09, 2014, 09:51:37 AM

OP you already are a winner since you've invested before 90% of the population.
Hell even people who learn about bitcoin in 2 years will still be early/mid investors.

Just invest what you can, hodl and come back in 1-2 years. Don't miss out.

You are probably right but it is pretty hard to buy&hold for most people, people look at the price everyday, they panick when they are loosing a bit because they were here to make some money quickly

Mythul

sr. member

Activity: 644

Merit: 250

OP you already are a winner since you've invested before 90% of the population.
Hell even people who learn about bitcoin in 2 years will still be early/mid investors.

Just invest what you can, hodl and come back in 1-2 years. Don't miss out.

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: jamesc760 on February 09, 2014, 09:18:15 AM

because a sucker is born every minute?

I don't mean to disparage newbies but when new users come in, they think they can make a quick profit, just like the OP did. They don't do "due diligence." When news hits that bitcoin has skyrocketed to $10000 from $1000 overnight, people will swarm in. Next bubble in 6 months, watch it happen. Again.

I was thinking one to three months out, but it could take a year. It took 18 months after the 2011 spike, but the spikes are closer together now and don't go so proportionally high. $2000 to $5000 before the next correction, IMHO.

Dragonkiller

sr. member

Activity: 378

Merit: 250

Super Smash Bros. Ultimate Available Now!

Quote from: UnDerDoG81 on February 09, 2014, 09:03:29 AM

Quote from: Cygnify on February 09, 2014, 07:03:52 AM

You only realise losses when you sell.

Bought at the $280 bubble mid 2013, corrected into the $50-$60 range I believe. Held strong, I just stopped following bitcoin for a while, but had faith it will bounce back and higher just had to wait it out.

I did the same. Bought 17 coins @~250 and then it crashed. I also hold and forgot about bitcoin for a half year. And then we rised. But this only happened because of the Chinese. I´m not sure if this can/will happen again with so much/fast growth in such a short time period.

And the later (or higher price) you buy, the less growth you will get. Buying @$10 and at $100 you have a growth of x10. Now buying @1000 and we need to go to 10000 to have a 10x growth wich is really hard to achive. Early adaptors won again. For late adapters the price could be too high. Why should somebody buy 1 Bitcoin for $10.000 on such an risky market?!

Risk is proportional to reward. The risk when the price is at $10,000 almost certainly will be less than it is today so it won't be 'such a risky market'.

jamesc760

sr. member

Activity: 448

Merit: 250

because a sucker is born every minute?

I don't mean to disparage newbies but when new users come in, they think they can make a quick profit, just like the OP did. They don't do "due diligence." When news hits that bitcoin has skyrocketed to $10000 from $1000 overnight, people will swarm in. Next bubble in 6 months, watch it happen. Again.

UnDerDoG81

legendary

Activity: 2184

Merit: 1213

Quote from: Cygnify on February 09, 2014, 07:03:52 AM

You only realise losses when you sell.

Bought at the $280 bubble mid 2013, corrected into the $50-$60 range I believe. Held strong, I just stopped following bitcoin for a while, but had faith it will bounce back and higher just had to wait it out.

I did the same. Bought 17 coins @~250 and then it crashed. I also hold and forgot about bitcoin for a half year. And then we rised. But this only happened because of the Chinese. I´m not sure if this can/will happen again with so much/fast growth in such a short time period.

And the later (or higher price) you buy, the less growth you will get. Buying @$10 and at $100 you have a growth of x10. Now buying @1000 and we need to go to 10000 to have a 10x growth wich is really hard to achive. Early adaptors won again. For late adapters the price could be too high. Why should somebody buy 1 Bitcoin for $10.000 on such an risky market?!

jamesc760

sr. member

Activity: 448

Merit: 250

I really need the OP to come back and start posting what he's doing, so I can do the EXACT opposite. OP, please come back and tell us your actions!!!

sinner

hero member

Activity: 615

Merit: 500

bitcoin seems to weed out the nonbelievers. a fool and his money are soon parted.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: whtchocla7e on February 08, 2014, 02:22:38 PM

Quote from: Rampion on February 08, 2014, 01:18:24 PM

No "normal people" is interested in Dogecoin, only delusional retards who will end up badly burnt.

They say apples don't fall far from the tree... doge being an apple and bitcoin being the tree in this case.

There are good apples , and bad apples. Good ones that get pick and eaten , bad ones that end up as fertilizer.

Bitbuy

sr. member

Activity: 308

Merit: 250

it's the panic selling that's generating your losses...I remember a time ( Grin

) when I bought some additional BTC at +- 150 USd, only to see it crashing shortly after. I also experienced pressure to sell at that time, but I stood ground and didn't. Do everything with reason, and you can't go wrong

Cygnify

full member

Activity: 140

Merit: 100

You only realise losses when you sell.

Bought at the $280 bubble mid 2013, corrected into the $50-$60 range I believe. Held strong, I just stopped following bitcoin for a while, but had faith it will bounce back and higher just had to wait it out.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Quote from: stacksmasher on February 08, 2014, 09:21:58 PM

I and many others have made a small fortune. Its a shame you couldn't see the way to profit.

Quote from: angrynerd88 on February 07, 2014, 10:35:56 AM

do not do my error, go away until you can, this is a gigantic bubble, in few years people will laugh at "that bitcoin bubble of 2013-2014" and books will write on it. There is no future.

Yes, you had unfortunate timing if you had like $2400 to your name, and bought 2 bitcoins at the peak, but after sustaining a loss like that, selling right now would be a mistake...

stacksmasher

full member

Activity: 121

Merit: 100

I and many others have made a small fortune. Its a shame you couldn't see the way to profit.

Quote from: angrynerd88 on February 07, 2014, 10:35:56 AM

do not do my error, go away until you can, this is a gigantic bubble, in few years people will laugh at "that bitcoin bubble of 2013-2014" and books will write on it. There is no future.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: angrynerd88 on February 07, 2014, 10:35:56 AM

do not do my error, go away until you can, this is a gigantic bubble, in few years people will laugh at "that bitcoin bubble of 2013-2014" and books will write on it. There is no future.

keithers

legendary

Activity: 1456

Merit: 1001

This is the land of wolves now & you're not a wolf

Marty mcfly and Doc just visited me. They gave me a sports almanac and told me not to sell my BTC

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: Cyberlight on February 08, 2014, 04:20:06 PM

Quote from: giveBTCpls on February 08, 2014, 07:31:15 AM

Quote from: roslinpl on February 07, 2014, 12:42:20 PM

Quote from: Bitware on February 07, 2014, 12:40:15 PM

Quote from: angrynerd88 on February 07, 2014, 10:35:56 AM

do not do my error, go away until you can, this is a gigantic bubble, in few years people will laugh at "that bitcoin bubble of 2013-2014" and books will write on it. There is no future.

Last year at this time, Bitcoins were worth $22 USD each.

Today, after the fall, $750...

ahh always when someone mention price from year ago I am getting into dreams that in 2015 it is going to be
30000$

Not gonna happen. The only way to get rich was to get early enough back in the day, we missed the train so we are headed into a life of missery and in general not being a millonaire. The only future millonaires off bitcoin now will be already rich people that can enter into the market hard enough at current prices. There isn't going to be a similar bubble again in our lifetimes. I wonder where all these "bitcoin could reach 1 million" people will hide when they realize that's nonsense.
Btw, no one cares about Bitcoin as a cryptocurrency, only a minority do care. I hope it's a success, but i've never seen anyone in real life that knew what Bitcoin is. The only people that care when I explained it to them were other nerds. So yeah, we have 1% nerds which care about it as technology, and 99% speculators that dont know shit about technology. I've heard more "normal people" talk about Dogecoin than Bitcoin, which shows in the number of transactions Dogecoin already being the world's first.

That's your opinion, which is not relevant.

Because you missed the boat, you just hope it does not reach that amount.

For being honest - most of our talks are speculations Tongue

In the world of crypto everything might be possible with some sort of strange eons.

Cyberlight

sr. member

Activity: 308

Merit: 250

Quote from: giveBTCpls on February 08, 2014, 07:31:15 AM

Quote from: roslinpl on February 07, 2014, 12:42:20 PM

Quote from: Bitware on February 07, 2014, 12:40:15 PM

Quote from: angrynerd88 on February 07, 2014, 10:35:56 AM

do not do my error, go away until you can, this is a gigantic bubble, in few years people will laugh at "that bitcoin bubble of 2013-2014" and books will write on it. There is no future.

Last year at this time, Bitcoins were worth $22 USD each.

Today, after the fall, $750...

ahh always when someone mention price from year ago I am getting into dreams that in 2015 it is going to be
30000$

Not gonna happen. The only way to get rich was to get early enough back in the day, we missed the train so we are headed into a life of missery and in general not being a millonaire. The only future millonaires off bitcoin now will be already rich people that can enter into the market hard enough at current prices. There isn't going to be a similar bubble again in our lifetimes. I wonder where all these "bitcoin could reach 1 million" people will hide when they realize that's nonsense.
Btw, no one cares about Bitcoin as a cryptocurrency, only a minority do care. I hope it's a success, but i've never seen anyone in real life that knew what Bitcoin is. The only people that care when I explained it to them were other nerds. So yeah, we have 1% nerds which care about it as technology, and 99% speculators that dont know shit about technology. I've heard more "normal people" talk about Dogecoin than Bitcoin, which shows in the number of transactions Dogecoin already being the world's first.

That's your opinion, which is not relevant.

Because you missed the boat, you just hope it does not reach that amount.

roslinpl

legendary

Activity: 2212

Merit: 1199

Quote from: whtchocla7e on February 08, 2014, 02:22:38 PM

Quote from: Rampion on February 08, 2014, 01:18:24 PM

No "normal people" is interested in Dogecoin, only delusional retards who will end up badly burnt.

They say apples don't fall far from the tree... doge being an apple and bitcoin being the tree in this case.

Wow.
That too much to say.

A tree is a Bitcoin.
But there are so many (too many) apples around.

Most of them will root.

Rest would be eaten

but the tree will be there for hundred years

whtchocla7e

full member

Activity: 392

Merit: 116

Worlds Simplest Cryptocurrency Wallet

Quote from: Rampion on February 08, 2014, 01:18:24 PM

No "normal people" is interested in Dogecoin, only delusional retards who will end up badly burnt.

They say apples don't fall far from the tree... doge being an apple and bitcoin being the tree in this case.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: giveBTCpls on February 08, 2014, 07:31:15 AM

Quote from: roslinpl on February 07, 2014, 12:42:20 PM

Quote from: Bitware on February 07, 2014, 12:40:15 PM

Quote from: angrynerd88 on February 07, 2014, 10:35:56 AM

do not do my error, go away until you can, this is a gigantic bubble, in few years people will laugh at "that bitcoin bubble of 2013-2014" and books will write on it. There is no future.

Last year at this time, Bitcoins were worth $22 USD each.

Today, after the fall, $750...

ahh always when someone mention price from year ago I am getting into dreams that in 2015 it is going to be
30000$

Not gonna happen. The only way to get rich was to get early enough back in the day, we missed the train so we are headed into a life of missery and in general not being a millonaire. The only future millonaires off bitcoin now will be already rich people that can enter into the market hard enough at current prices. There isn't going to be a similar bubble again in our lifetimes. I wonder where all these "bitcoin could reach 1 million" people will hide when they realize that's nonsense.
Btw, no one cares about Bitcoin as a cryptocurrency, only a minority do care. I hope it's a success, but i've never seen anyone in real life that knew what Bitcoin is. The only people that care when I explained it to them were other nerds. So yeah, we have 1% nerds which care about it as technology, and 99% speculators that dont know shit about technology. I've heard more "normal people" talk about Dogecoin than Bitcoin, which shows in the number of transactions Dogecoin already being the world's first.

No "normal people" is interested in Dogecoin, only delusional retards who will end up badly burnt.

Topic: i put almost all my money and lost a lot (Read 8671 times)