Topic: I SOLD ALL MY BITCOINS - page 2. (Read 4116 times)
It's alright whether you sold all your bitcoin as long as you sold it during the bull run or when the price if enough for you. What's not good in selling your bitcoin is when you sell it while the its value is down.
I have been following bitcoins for the past 4 years. i am an Enginner. i remember how bitcoin was introduced to Me. To be honest, i was thruogh ponzi. i used to deposit over 0.1,0.4 to earn 0.7 to 0.9 bitcoins and i made a lot of Money. then, suddenly i decided to go for the killer jackpot and stack all my btc for once. i can remember clearly when a friend was advising me NEVER TO PUT ALL My eggs in one basket. i refused to listen and insist that it is only by strong will can one survived.
Unfortunately I LOST EVERYTHING. IT was my life saving. Both my earning and my interest.
To cut the story short. i borrow money form the friend that was advising me not to stake everything. i need to pay back. But i will never depart from my lesson learnt from the bitcoin stuff. i bought another bitcoins last year august and keep it away from anything. i strongly believed that i will still get my money and my friends money.
Thanks to the current Market, I HAVE TO SELL EVERTHING TO PAY MY DEPTHS.
NOW I AM FREEEE.
Bitcoin has helped a lot of people to achieve their goals. At least I’ve been able to start living a better life and that’s with the help of Bitcoin. I also plan to start my own business with the money I have been able to raise through Bitcoin and that will be very soon. There are lots of opportunities in Bitcoin, but Faucet is not one of them lol. I started with faucet and I was making nothing until I changed that. Unfortunately I LOST EVERYTHING. IT was my life saving. Both my earning and my interest.
To cut the story short. i borrow money form the friend that was advising me not to stake everything. i need to pay back. But i will never depart from my lesson learnt from the bitcoin stuff. i bought another bitcoins last year august and keep it away from anything. i strongly believed that i will still get my money and my friends money.
Thanks to the current Market, I HAVE TO SELL EVERTHING TO PAY MY DEPTHS.
NOW I AM FREEEE.
Nobody knows but the market is bound to change for better or worse at some point. Probably not anytime soon.
You encountered such a situation because you refused to follow the advice of your friend who warned you not to put all your eggs in one basket. Ponzi or HYIP is not good at all. What they do is entice people with outrageous profit. You can make money from it and still loose all at the end.
In my opinion selling or buying bitcoin is personal decision. I if want to buy or sell bitcoin I will never ask people what should I do and now you have sold your bitcoin, now what are you asking for? Did you want to waste other people’s time and want to collect different opinions about your decision? Ok you did very well bitcoin is for overcoming financial problems and you dis the same. 
Wow, selling Bitcoin doesn't seem to be a wise choice. Although its price is still falling, I think this is an adjustment. Only when its price becomes more reasonable will more investors join!
I also keep the number of Bitcoins I have because I believe the value of it will increase again in late 2018 and early 2019. The cryptocurrency market is very volatile but I still think this is The market is very good in the present and future if the grasp of market development trend. if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
Although if you had the holding power, it could have been good to keep the coins for couple of months more. Who knows there might be bull run and the value of your coins become even more than double.Wow, selling Bitcoin doesn't seem to be a wise choice. Although its price is still falling, I think this is an adjustment. Only when its price becomes more reasonable will more investors join!
I think the same as you. That looks very wrong. I think the final months of this year the market will have many good signals.
Well selling ur bitcoin is not a bad idea, the problem is did you sold your bitcoin with good profit margin or red 🔴 margin? Objective of every trading is profits making.
Wow, selling Bitcoin doesn't seem to be a wise choice. Although its price is still falling, I think this is an adjustment. Only when its price becomes more reasonable will more investors join!
If people are selling in profits then it does make sense s market is very choppy and rising and falling very quickly this days. though the rise is not very high as compared to what ewe have seen but we still need to wait for the bull run to begun and make the decision accordingly.
Wow, selling Bitcoin doesn't seem to be a wise choice. Although its price is still falling, I think this is an adjustment. Only when its price becomes more reasonable will more investors join!
if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
Although if you had the holding power, it could have been good to keep the coins for couple of months more. Who knows there might be bull run and the value of your coins become even more than double.if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
Although if you had the holding power, it could have been good to keep the coins for couple of months more. Who knows there might be bull run and the value of your coins become even more than double.
Ponzi and HYIP schemes are an easy way to lose good money, I also fell victim to such then. Once beaten, twice shy, none of such for me again.
Conguratilations
Everybodies are thinking getting max. profit from the blockchain system, some guys thinking being rich.
Yes true, system says ''bitcoin is precious a thing about revulation'' and i guess its true.
But main think of blockchain is the being alternative of paper money. And blockchain shows the new technology to us.
We are greedy as human. And we have to be careful
Everybodies are thinking getting max. profit from the blockchain system, some guys thinking being rich.
Yes true, system says ''bitcoin is precious a thing about revulation'' and i guess its true.
But main think of blockchain is the being alternative of paper money. And blockchain shows the new technology to us.
We are greedy as human. And we have to be careful
market all down, this is difficult for all those who are in hold, so you have not invested yet, it will be a great time to enter the market!
This is the reason why some people will always take out their profit or maybe withdraw their money and wait for another good time, especially when the price is down to get back again. If you decide to hold that means that you’re ready to take the risk of losing, and having patience till it recover again. I always follow my instincts; if my mind tells me to sell, I will sell. But when I feel like to Hodl, I will also do that. 
I understand his situation, I have once invested my money in bitcoin when I was still newbie and knows just nothing about how it works. Then one morning I woke up and my money was down to like 40% and about 60% or so was gone. I also have to say that I had the money in my Xapo wallet then and never cares to check it, cause I never expected such to happen.
The day I saw that I have lost more than half of my money, I just went crazy and I had no one to explain this to. So I reported to the support but they were not going to reply anytime soon, so I had to search for answers online and luckily I did get an explanation.
That’s when my mind chilled, and luckily in about few weeks the price went up and I was able to recover that money with extra profit, I didn’t even waste time in selling everything lol.
The day I saw that I have lost more than half of my money, I just went crazy and I had no one to explain this to. So I reported to the support but they were not going to reply anytime soon, so I had to search for answers online and luckily I did get an explanation.
That’s when my mind chilled, and luckily in about few weeks the price went up and I was able to recover that money with extra profit, I didn’t even waste time in selling everything lol.
It is a sad story, and it's also a good story for us to learn and get this experience. He borrows money from his friend and fortunately, he can sell his bitcoin to make a lot of money, and he can pay the debts. And I am sure that in the last year in August, the bitcoin price is less than $4k and if he sells his bitcoin now, he is making more than $2k per bitcoin. From this story, we can learn that we need to be careful when we want to borrows money from other people because we need to think about how we can pay that money. The other lesson is we are never put all of our money in one basket but we need to diversify in many things, and the most important lesson that we need to note here is don't use all of your life saving even if you are sure that your investment will give you a lot of money.
If anything I think that the lesson that we should learn by the story that started this thread is to not take such huge risks, people see the potential profits that they can get out of this market and how a small amount of money can make them millionaires, what they do not understand is that in order to get those kind of profits they are taking a huge risk and if the probabilities are against you then instead of becoming very rich you will lose the small amount of money that you had.What is the most funny in this comment is that if he really bought 4 years ago, price in that time was very low, with just holding until now he would make a lot of money, end of story!
market all down, this is difficult for all those who are in hold, so you have not invested yet, it will be a great time to enter the market!
It is a sad story, and it's also a good story for us to learn and get this experience. He borrows money from his friend and fortunately, he can sell his bitcoin to make a lot of money, and he can pay the debts. And I am sure that in the last year in August, the bitcoin price is less than $4k and if he sells his bitcoin now, he is making more than $2k per bitcoin. From this story, we can learn that we need to be careful when we want to borrows money from other people because we need to think about how we can pay that money. The other lesson is we are never put all of our money in one basket but we need to diversify in many things, and the most important lesson that we need to note here is don't use all of your life saving even if you are sure that your investment will give you a lot of money.
If anything I think that the lesson that we should learn by the story that started this thread is to not take such huge risks, people see the potential profits that they can get out of this market and how a small amount of money can make them millionaires, what they do not understand is that in order to get those kind of profits they are taking a huge risk and if the probabilities are against you then instead of becoming very rich you will lose the small amount of money that you had. This bitcoin price has the potential that can be expensive and you have spent the bitcoin you have so that you don't have bitcoin anymore if you sell all the bitcoin you have at a price when it's cheap it looks like it will make you regret the deep regret
Sometimes you do not check the price because there is no need to do that because the need is intensive and selling bitcoin becomes necessary. If you sold your bitcoin without any reason then you did wrong because I think that bitcoin is the guarantee for secure financial future. I also do the same when I need money and I haven’t cash I sell my coins to meet with my needs.Jump to: