If only.... - page 2. | Bitcointalksearch.org

DoublerHunter

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Quote from: alborg on May 10, 2017, 12:59:36 PM

Just wanted to share my experience of bitcoin with the recent price rises.

I bought £15000 worth of bitcoin at 3 different stages back in November 2013 when the price went sky high from the tens, to the hundreds then up over $1000. Think I bought at $300, $600 and $1000 or something, can't exactly remember.

Anyway the price plummeted as we know but I held on for the long term. But then I lost my job, had a holiday in the US planned and held out for months until I had no choice but to sell. I sold all 27 bitcoins for £7000 meaning I lost £8000 overall.

I didn't want to sell as I would have rather kept them with a chance of either making money one day or losing it all, rather than sell immediately and lose £7000. Price continued to drop below $300 so in some way I was happy i didn't lose more but when it stabilized at $250 and stayed there for what seemed like ages I knew it had a future and would go up again one day. But I couldn't bring myself to throw more money at it.

Anyway today my 27 bitcoins would have been worth £37000 and a nice £22000 profit. Oh well. Undecided

That is the biggest loss that i see in bitcoin, That is a very regretful decision in your entire life because you can't get back that loss again and i think if you just not sold that 27 all and just sell at least 7 bitcoins and keep the 20 then you can still earn a lot of money right now but you are too greedy and you sold it all. Better luck next time.

crazyivan

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Quote from: alborg on May 10, 2017, 12:59:36 PM

Just wanted to share my experience of bitcoin with the recent price rises.

I bought £15000 worth of bitcoin at 3 different stages back in November 2013 when the price went sky high from the tens, to the hundreds then up over $1000. Think I bought at $300, $600 and $1000 or something, can't exactly remember.

Anyway the price plummeted as we know but I held on for the long term. But then I lost my job, had a holiday in the US planned and held out for months until I had no choice but to sell. I sold all 27 bitcoins for £7000 meaning I lost £8000 overall.

I didn't want to sell as I would have rather kept them with a chance of either making money one day or losing it all, rather than sell immediately and lose £7000. Price continued to drop below $300 so in some way I was happy i didn't lose more but when it stabilized at $250 and stayed there for what seemed like ages I knew it had a future and would go up again one day. But I couldn't bring myself to throw more money at it.

Anyway today my 27 bitcoins would have been worth £37000 and a nice £22000 profit. Oh well. Undecided

Really sorry for your loss. Patience s something you learn, especially in crypto, it took me years to understand this. In my early days of crypto trading, I was also person who followed exchange and checked the price 50x per day. Any red candle would be something which would concern me big time. I have learned not to consider crypto as a short term investment and consequently I do not care about short term price movements.

Long term, I dont see how crypto holders can lose.

uichain

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BTC is a good investment ,the price rise so higher due to the money moved from the house market,
so I plan to buy some btc when the price is low

alborg

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Quote from: DannyHamilton on May 10, 2017, 10:41:17 PM

Quote from: Minecache on May 10, 2017, 05:24:27 PM

His circumstances changed. FFS.

And if those bitcoins weren't worth £7000 after his circumstances had changed? Then what?

Note... I'm not scolding the OP. He's explained what happened and dealt with his situation already.

My advice is for all the others that read this thread, those who are currently sitting on more bitcoins than they can afford to. They are the ones that need to think about what they'll do if their circumstances change, and how they'll handle unexpected situations in their lives if their bitcoin holdings were to suddenly become worthless.

I know what you were saying. At the time it was a balancing act between

1. I have no money
2. How much further will Bitcoin drop. If it goes to zero overnight I'm really screwed.
3. I need money for my holiday

Just gutted I couldn't hold as I planned to from the very beginning.

Kakmakr

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Quote from: charlescoin on May 11, 2017, 01:29:40 AM

Quote from: Kakmakr on May 11, 2017, 01:21:59 AM

Quote from: SingAlong on May 11, 2017, 01:10:28 AM

Quote from: Kakmakr on May 11, 2017, 12:59:45 AM

I can give you some advice that worked for me. I bought a bunch of bitcoins when the price was very low. < Example : 20 bitcoins @ $200 ==> My capital investment = $ 4000 > I knew that I needed to reduce my risk, so I waited for the price to rise. The price went up to $400 per bitcoin and I sold 50% of the coins immediately. < Now, I had the $4000 in fiat that I initially invested and 10 extra bitcoins. >

The risk of losing my initial capital investment is gone now and I can take some risks and even more profits from the remaining coins. The price went to $1000 and I sold 50% again < taking $5000 pure profit and still have 5 coins left > The price dropped again and I bought some more bitcoins with 50% of my profits in fiat at $500, bringing my total back to 10 bitcoins and $2500 profit in fiat.

I sold 50% of those coins again at $1500 pushing my profits up to $10 000 and I am left with 5 coins.

*This is only an example, the amount of bitcoins I bought and the amount of money I invested is my secret to protect my financial privacy, but you can learn from this strategy. Get rid of the risk first and then take chances. ^smile^

This is such a nice advice really. You are the first one who I have seen doing this compared to others regretting that what if and some of them spend it. Since we know that the future is indefinite and the expectation of Bitcoin at that time is not that much without knowing that the price will rise this high then I could say you have gone into a safe play which really benefited you in the long run. As for me, I wish I have known Bitcoin since then though I don't meddle so much in what ifs and what I'm focusing now is what I can do today so that the time I spend thinking of what ifs will become productive and make use of it in a great manner. I salute you for that wise decision sir.

Thank you for the kind compliment. Just remember not everyone might be as lucky as I might be, but also remember no investment comes with zero risk. You just need to manage these risks and reduce it in any way you can.

It is never too late for someone to follow my strategy. The Bitcoin price has shown that it always goes down after a big spike. < timing is everything > Wait for the price to go down and start buying some coins when the price is much lower. Then WAIT!

The price usually goes up again, so you can sell some coins to get some of your initial investment back and still have some coins to play with. ^smile^ < Rinse and repeat, until you have all your initial money back and then start taking bigger risks with the profits you made >

Enjoy it, I hope it works for everyone in the future.

Your original strategy sounded decent but now you are talking more of short term fluctuations, the better solution is to buy in stages, for example xxx$ every month or week for a smaller amount because at the end of the day even the best trader doesn't know what the price will be.

You can still calculate an average buy price with this long term strategy I'm suggesting and sell out to recoup your original capital.

Wrong, buying monthly or weekly will force you to buy, even if the price is high. My strategy is focused on buying when the price is dipping after a spike or what some people might call a bubble. You have to buy low < when the price average out on the lowest level again > and then just wait until it rise for the next little bubble, to sell again.

Never sell everything, because you never know if the next bubble will be the one that takes you to $10 000 or even better $100 000 per bitcoin. < You want to have flesh in the game, when it reach those levels > ^smile^

This is not risk free, because there are always a risk that the whole thing will collapse for some reason, but it is a better strategy to follow if you want to reduce your risk and still have some of your initial investment in your pocket, if this thing goes belly up. ^hmmmmm^

Amph

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this is a mistake of many people that mined bitcoin i early, day they sold everythign at the first pump

if i had all these bitcoin sitting at my wallet no matter what i would have never sold all fo them, at worst 50%

and anyway i would have waited to use them instead of dumping for fiay

Bitcoinsummoner

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Maintain Social Distance, Stay safe.

I think you are just lose hope about bitcoin if you have the 27 bitcoin before since the price already been touch at $1k value 2013 you should think that the price of bitcoin can be rise back again in someways before you sell them all.
Now i think you are just regretting and not only you are regret happening to his bitcoin..
Remember a man who got a lots of bitcoin for doing task for pizza paying in bitcoin just to order a pizza. i think the man who got that 10k btc already been exchange all this few years back.
And i think this is still not yet the final price of bitcoin can be still increase more so buying bitcoins is not a problem..
You have still a chance to make a good profit ..

charlescoin

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Quote from: Kakmakr on May 11, 2017, 01:21:59 AM

Quote from: SingAlong on May 11, 2017, 01:10:28 AM

Quote from: Kakmakr on May 11, 2017, 12:59:45 AM

I can give you some advice that worked for me. I bought a bunch of bitcoins when the price was very low. < Example : 20 bitcoins @ $200 ==> My capital investment = $ 4000 > I knew that I needed to reduce my risk, so I waited for the price to rise. The price went up to $400 per bitcoin and I sold 50% of the coins immediately. < Now, I had the $4000 in fiat that I initially invested and 10 extra bitcoins. >

The risk of losing my initial capital investment is gone now and I can take some risks and even more profits from the remaining coins. The price went to $1000 and I sold 50% again < taking $5000 pure profit and still have 5 coins left > The price dropped again and I bought some more bitcoins with 50% of my profits in fiat at $500, bringing my total back to 10 bitcoins and $2500 profit in fiat.

I sold 50% of those coins again at $1500 pushing my profits up to $10 000 and I am left with 5 coins.

*This is only an example, the amount of bitcoins I bought and the amount of money I invested is my secret to protect my financial privacy, but you can learn from this strategy. Get rid of the risk first and then take chances. ^smile^

This is such a nice advice really. You are the first one who I have seen doing this compared to others regretting that what if and some of them spend it. Since we know that the future is indefinite and the expectation of Bitcoin at that time is not that much without knowing that the price will rise this high then I could say you have gone into a safe play which really benefited you in the long run. As for me, I wish I have known Bitcoin since then though I don't meddle so much in what ifs and what I'm focusing now is what I can do today so that the time I spend thinking of what ifs will become productive and make use of it in a great manner. I salute you for that wise decision sir.

Thank you for the kind compliment. Just remember not everyone might be as lucky as I might be, but also remember no investment comes with zero risk. You just need to manage these risks and reduce it in any way you can.

It is never too late for someone to follow my strategy. The Bitcoin price has shown that it always goes down after a big spike. < timing is everything > Wait for the price to go down and start buying some coins when the price is much lower. Then WAIT!

The price usually goes up again, so you can sell some coins to get some of your initial investment back and still have some coins to play with. ^smile^ < Rinse and repeat, until you have all your initial money back and then start taking bigger risks with the profits you made >

Enjoy it, I hope it works for everyone in the future.

Your original strategy sounded decent but now you are talking more of short term fluctuations, the better solution is to buy in stages, for example xxx$ every month or week for a smaller amount because at the end of the day even the best trader doesn't know what the price will be.

You can still calculate an average buy price with this long term strategy I'm suggesting and sell out to recoup your original capital.

Kakmakr

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Quote from: SingAlong on May 11, 2017, 01:10:28 AM

Quote from: Kakmakr on May 11, 2017, 12:59:45 AM

I can give you some advice that worked for me. I bought a bunch of bitcoins when the price was very low. < Example : 20 bitcoins @ $200 ==> My capital investment = $ 4000 > I knew that I needed to reduce my risk, so I waited for the price to rise. The price went up to $400 per bitcoin and I sold 50% of the coins immediately. < Now, I had the $4000 in fiat that I initially invested and 10 extra bitcoins. >

The risk of losing my initial capital investment is gone now and I can take some risks and even more profits from the remaining coins. The price went to $1000 and I sold 50% again < taking $5000 pure profit and still have 5 coins left > The price dropped again and I bought some more bitcoins with 50% of my profits in fiat at $500, bringing my total back to 10 bitcoins and $2500 profit in fiat.

I sold 50% of those coins again at $1500 pushing my profits up to $10 000 and I am left with 5 coins.

*This is only an example, the amount of bitcoins I bought and the amount of money I invested is my secret to protect my financial privacy, but you can learn from this strategy. Get rid of the risk first and then take chances. ^smile^

This is such a nice advice really. You are the first one who I have seen doing this compared to others regretting that what if and some of them spend it. Since we know that the future is indefinite and the expectation of Bitcoin at that time is not that much without knowing that the price will rise this high then I could say you have gone into a safe play which really benefited you in the long run. As for me, I wish I have known Bitcoin since then though I don't meddle so much in what ifs and what I'm focusing now is what I can do today so that the time I spend thinking of what ifs will become productive and make use of it in a great manner. I salute you for that wise decision sir.

Thank you for the kind compliment. Just remember not everyone might be as lucky as I might be, but also remember no investment comes with zero risk. You just need to manage these risks and reduce it in any way you can.

It is never too late for someone to follow my strategy. The Bitcoin price has shown that it always goes down after a big spike. < timing is everything > Wait for the price to go down and start buying some coins when the price is much lower. Then WAIT!

The price usually goes up again, so you can sell some coins to get some of your initial investment back and still have some coins to play with. ^smile^ < Rinse and repeat, until you have all your initial money back and then start taking bigger risks with the profits you made >

Enjoy it, I hope it works for everyone in the future.

isen

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Quote from: kalodu on May 10, 2017, 11:44:32 PM

Did I miss something? The last 2 posts said congrats when actually he lost money?

Typical signature spammers who didn't even read the op of the thread they are posting at.Their campaign managers should ban them, they have no excuse.

on topic
@alborg I've heard many similar stories before, try to forget it and move on, at least you were able to cash out the 50% of your investment and enjoyed your holidays, it could have been much worse than this.

sportis

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Veni, Vidi, Vici

There is nothing that you have to regret of. You took a decision because you could not do otherwise. You could have sold your house if you had not this option and now you had to pay a rent. Moreover none, especially in the past could predict the bitcoin price. Therefore forget it and move forward because life is not being paved with roses.

SingAlong

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Quote from: Kakmakr on May 11, 2017, 12:59:45 AM

I can give you some advice that worked for me. I bought a bunch of bitcoins when the price was very low. < Example : 20 bitcoins @ $200 ==> My capital investment = $ 4000 > I knew that I needed to reduce my risk, so I waited for the price to rise. The price went up to $400 per bitcoin and I sold 50% of the coins immediately. < Now, I had the $4000 in fiat that I initially invested and 10 extra bitcoins. >

The risk of losing my initial capital investment is gone now and I can take some risks and even more profits from the remaining coins. The price went to $1000 and I sold 50% again < taking $5000 pure profit and still have 5 coins left > The price dropped again and I bought some more bitcoins with 50% of my profits in fiat at $500, bringing my total back to 10 bitcoins and $2500 profit in fiat.

I sold 50% of those coins again at $1500 pushing my profits up to $10 000 and I am left with 5 coins.

*This is only an example, the amount of bitcoins I bought and the amount of money I invested is my secret to protect my financial privacy, but you can learn from this strategy. Get rid of the risk first and then take chances. ^smile^

This is such a nice advice really. You are the first one who I have seen doing this compared to others regretting that what if and some of them spend it. Since we know that the future is indefinite and the expectation of Bitcoin at that time is not that much without knowing that the price will rise this high then I could say you have gone into a safe play which really benefited you in the long run. As for me, I wish I have known Bitcoin since then though I don't meddle so much in what ifs and what I'm focusing now is what I can do today so that the time I spend thinking of what ifs will become productive and make use of it in a great manner. I salute you for that wise decision sir.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

I can give you some advice that worked for me. I bought a bunch of bitcoins when the price was very low. < Example : 20 bitcoins @ $200 ==> My capital investment = $ 4000 > I knew that I needed to reduce my risk, so I waited for the price to rise. The price went up to $400 per bitcoin and I sold 50% of the coins immediately. < Now, I had the $4000 in fiat that I initially invested and 10 extra bitcoins. >

The risk of losing my initial capital investment is gone now and I can take some risks and even more profits from the remaining coins. The price went to $1000 and I sold 50% again < taking $5000 pure profit and still have 5 coins left > The price dropped again and I bought some more bitcoins with 50% of my profits in fiat at $500, bringing my total back to 10 bitcoins and $2500 profit in fiat.

I sold 50% of those coins again at $1500 pushing my profits up to $10 000 and I am left with 5 coins.

*This is only an example, the amount of bitcoins I bought and the amount of money I invested is my secret to protect my financial privacy, but you can learn from this strategy. Get rid of the risk first and then take chances. ^smile^

Wendigo

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Quote from: odolvlobo on May 10, 2017, 01:52:45 PM

Quote from: alborg on May 10, 2017, 12:59:36 PM

Anyway today my 27 bitcoins would have been worth £37000 and a nice £22000 profit. Oh well. Undecided

On the other hand, if you didn't sell those bitcoins, you would have developed a debilitating heroin addiction and eventually died from an overdose.

So be happy you are alive and move on.

Jesus Christ mate. Brighten up a little bit will you? Cheesy

Money is just money and life is priceless. Or at least it used to be Roll Eyes

Kemarit

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It was good story dude. But I will advise you to move or look forward now and considered as a good learning experience. Some of us have lost more, buy we try to get up and look at the bright side. Its not too late to invest in bitcoin still, although the price is very high right now, I think buying it now and holding it for longer term will still return good dividends. The price of bitcoin is more stable than before, and if you haven't heard, Japan has already legalized bitcoin adding more trust in bitcoin technology. So if you still have some money that you can afford to lose, then you should invest it still in bitcoin.

Dudeperfect

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That's really a sad story but if you want to acquire bitcoins then buying it is not the only option (even though, it's the fastest and easiest one). You can always earn bitcoins through other channels if you put your time smartly in the things required by it. Learn new skills and offer it online, maintain a cold storage and you can earn good amount (not as that much as you sold but still something is always better than nothing). No one knows the future but trust me, bitcoin is something that is worth to try.

TastyChillySauce00

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Quote from: kalodu on May 10, 2017, 11:44:32 PM

Did I miss something? The last 2 posts said congrats when actually he lost money?

The low ability of reading causes these two to don't know the meaning of the post. probably they're just picking up the last words which are "nice £22000 profit". It's a serious problem and could make people have lower IQ than what they should have, LOL.

Quote from: Comeatmebro111 on May 10, 2017, 11:26:46 PM

sometimes the best strategy is to buy and hold and never look at the price. when you start incurring losses, its hard to keep a clear head and think straight.

As stated by OP, he needs money and has no choice but to sell his bitcoin, and he just lost his job right before that.

Sadlife

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Lesson learned dont sell bitcoins if the price is dropping you could have earned double or triple.
A wise man once said "patience is virtue" if only you could have waited but oh well it was your choice anyway in the end nobody can foretell the outcome each decison you make holds meaning only by affecting your next decision.

slaman29

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Sorry to hear about your experience but my advice? Don't look back in regret:)

There's never a bad time, and if you have a bit of money you can get some coins now. Book profit at a later day.

btc_angela

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Quote from: kalodu on May 10, 2017, 11:44:32 PM

Did I miss something? The last 2 posts said congrats when actually he lost money?

LOL. I was also lost on the 2 comments above you.

And for the OP, I think you are not the first people who have that story here in the community. At least you have gotten over your lost profit so its time to accumulate again so in the future you would have profit more. Just be sure you don't really touch the investment and just put money that you can afford to loss.

Topic: If only.... - page 2. (Read 2031 times)