i put almost all my money and lost a lot - page 3.

giveBTCpls

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Activity: 322

Merit: 250

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.

yatsey87

hero member

Activity: 840

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If the price dips just hold it until it rises, then sell if you want to get out. Investing in anything is always a risk, and btc is no different.

hilariousandco

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Join the world-leading crypto sportsbook NOW!

These type of people are just looking for a get rich quick scheme, and panic when the price stagnates or falls. They don't care about it as a currency or a revolutionary concept or what happens to it in the long run, but just want to earn a load of easy money in the short term.

gambit1

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Activity: 980

Merit: 508

True but its still sad.

Rampion

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Quote from: cypherdoc on February 07, 2014, 11:46:41 AM

Quote from: uyo on February 07, 2014, 11:04:35 AM

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

There is no future.

How is it possible that you see in the future, and yet you're losing money in the markets?

bingo.

the naysayers were whining the same thing when they bought @ 265 followed by the crash to 50. if you held though, you'd have made a fortune. same from 32 to 1.98.

this time will be no different.

Imagine how stupid has to be a person to invest a significant amount of money in BTC without realizing what you just wrote. They didn't even bother to study what happened in the past, which would prepare them to BTC 's extreme volatility.

People like the OP are those buying high and selling low, and then crying in a couple of years while asking to themselves why they sold an asset that has grown by more than 1000% every years since it's creation, despite of negligible dips on the way up.

I guess traders need this kind of people, from them they take their profits.

Revelations86

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Activity: 428

Merit: 252

Price is already going back up. The litmus test of whether you've invested too much is if you panic when price drops. Invest only what you're willing to lose and stick with it the whole way through or until your exit strategy kicks in. I hate to say it but this is a game of people making logical trading decisions outsmarting people making emotional based decisions who end up losing out much like the stock market.

ATScuba

newbie

Activity: 21

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Investing is not for everyone - I am in the mining game and it is challenging to keep eyes on the ball (that BTC is an investment) - keep running the numbers and it gets scary when the bottom seems to be dropping out.

I like the idea of changing the chart out to 6 months and looking at where it's been though

auzaar

full member

Activity: 151

Merit: 100

Quote from: angrynerd88 on February 07, 2014, 06:44:46 PM

i lost much more , much more. I bought when bitcoin was 1050 cause i waited to much and at that time it seemed it was going up, and exactely in that time there was the epic dump. I waited a bit, then when i saw price going under 700 i had to sell, i simply could not bear a bigger loss. BUt bitcoin recovered slowly so i made wrong decision. I decided to enter another time to get some money back and i was newly unlucky. Ok i should have hold. But i am not a long term investor, i do not give trust to bitcoin, to me is a temporary bubble and could end from a moment to the other and value go back to 10. This is cause i sold so fast. Totally i lost about 4-5000 euroes of 8000 euroes invested in 2 attempts, i tried cause all my friends were doing some money with bitcoin and convinced me, at last. So i tried to do the same, after being what i supposed to be well informed. I did my bitstamp account and bought. I was unlucky. It was maybe the worst moment of all year, almost. And even this second time, wrong moment. I will invest nothing on bitcoin or in other financial assets for all my life. I am a 25 yo italian boy and i am a father since 3 years ago, i have a little girl to breed and an uncertain job which gives me simply enough to eat and nothing more, and i am even trying to continue studying, even though is very difficult to find time.
I was illuded to make some money fast, money which i would have really needed, people convinced me it was easy, someone made 10 times the money in few months, so i tried too. And i am serious now: i put about 80% of my savings in btc, i will be hardly able to pay the leasehold next month, and this just cause i have been stupid and believed shit people said about easy earnings. Best regards, i leave this website and bitcoin community forever, i hope someone has read this and will be saved too.

I feel sorry for you, but you did the typical mistakes which most people do, buys on high, sells in panic, and then real quandary is that you put the money which you can't afford to loose in an experimental currency. If you believe in something you should wait till confirmation (goes up or goes to 0) , if don't believe in something you should not invest, no-body on average can't earn by trading the market.

Revelations86

sr. member

Activity: 428

Merit: 252

Sorry to hear that man. Never ever invest more than you're willing to lose. If I lost everything I put in right now, I would still be good. I would say if you really really need the money, get it out. If not, just hold on for a while, it'll go back up.

johnnicholss

newbie

Activity: 11

Merit: 0

whenever btc price crashes it will back and rise with in months. I am expecting bitcoin price will reach $10000 in 2015

markjamrobin

sr. member

Activity: 462

Merit: 250

Whenever I (or the price) feel down, I change the chart to 6 Months, and remember I'm up 800%.

FEdison

newbie

Activity: 29

Merit: 0

Quote from: angrynerd88 on February 07, 2014, 06:44:46 PM

Quote from: bitpop on February 07, 2014, 06:15:38 PM

Op was gambling, not trading. And he couldn't have lost that much. Maybe 20%

i lost much more , much more. I bought when bitcoin was 1050 cause i waited to much and at that time it seemed it was going up, and exactely in that time there was the epic dump. I waited a bit, then when i saw price going under 700 i had to sell, i simply could not bear a bigger loss. BUt bitcoin recovered slowly so i made wrong decision. I decided to enter another time to get some money back and i was newly unlucky. Ok i should have hold. But i am not a long term investor, i do not give trust to bitcoin, to me is a temporary bubble and could end from a moment to the other and value go back to 10. This is cause i sold so fast. Totally i lost about 4-5000 euroes of 8000 euroes invested in 2 attempts, i tried cause all my friends were doing some money with bitcoin and convinced me, at last. So i tried to do the same, after being what i supposed to be well informed. I did my bitstamp account and bought. I was unlucky. It was maybe the worst moment of all year, almost. And even this second time, wrong moment. I will invest nothing on bitcoin or in other financial assets for all my life. I am a 25 yo italian boy and i am a father since 3 years ago, i have a little girl to breed and an uncertain job which gives me simply enough to eat and nothing more, and i am even trying to continue studying, even though is very difficult to find time.
I was illuded to make some money fast, money which i would have really needed, people convinced me it was easy, someone made 10 times the money in few months, so i tried too. And i am serious now: i put about 80% of my savings in btc, i will be hardly able to pay the leasehold next month, and this just cause i have been stupid and believed shit people said about easy earnings. Best regards, i leave this website and bitcoin community forever, i hope someone has read this and will be saved too.

>A little girl to breed

Lolwut?

On a serious note though, stop selling! Bitcoins fluctuate in value all the time. As more companies start accepting them- this is growing exponentially- more people will get into them increasing the market cap. You'll be glad as heck that you were an early investor.

Cyberlight

sr. member

Activity: 308

Merit: 250

I hope you're trolling, otherwise you have made a big mistake. I guarantee you that the price in 2014 will tap at least 1200, and probably much more.

cventura

newbie

Activity: 28

Merit: 0

It's all about faith OP, which clearly you have lost! or maybe i'm just being way to optimistic but either way i believe btc is a going to skyrocket in the next 3-4 weeks Grin

( just an opinion )

EvilPanda

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Small Red and Bad

BEAR with us till monday OP, you can do it! Maybe Gox announces fail and you'll get your money back.

gentlemand

legendary

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Welt Am Draht

Shame. Well, there's a good possibility he'll be able to buy back a little bit for a good price in the coming days and weeks. Depends on whether the OP can bear to do it again.

gambit1

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Based on his second post I'm not sure he still holds any bitcoins.

gentlemand

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Welt Am Draht

I'm sure people felt the same after every other all time high.

Bitcoin takes plenty of knocks on a daily basis, it's also becoming a more solid proposition globally by the day too.

Looking into the history of the value, it should be relatively clear that it's a multi-year leap of faith. Another 2013 may never happen again for rapid gains but the room for price growth is still huge.

I think you should retain a little bit of trust and keep a small amount. I've bought 2.1 bitcoins each for my friends as a symbolic number. That might be a life changing amount well before 2020.

Bit_Happy

legendary

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A Great Time to Start Something!

Great news, see below:

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.

Bitcoin has a solid history of making new highs, you haven't really lost at all, just hold on and also buy more.

gambit1

hero member

Activity: 980

Merit: 508

I have the rare gift of feeling sorry for people who have problems that they have caused themselves. If you are still there, OP, I do feel for you, even though it is obvious to everyone that you have made some major mistakes. I hope you can make ends meet. I have certainly had ups and downs with bitcoin, though on balance more successes than problems. I wish you good luck and a wiser head on your shoulders in the future.

Topic: i put almost all my money and lost a lot - page 3. (Read 8671 times)