Topic: Losers (Read 1531 times)

My business took a transaction 2 days ago at $202 for 1.2 BTC.  Still got them....

I'm a poor-ass son of a bish, but have been following BTC since late 2010... stuck on the frickin sidelines  ... however I won a settlement last year and waited for my payday...chomping at the bit to get money in my hand so I could get me some BTC...  ! fucking lawyers! took them until march to get me my moolah, which I dumped a bit (not more than I could stand to lose, but not insignificant all the same) into BTC at 80$. would have 4x as much if I had been liquid a month earlier, because I had already decided how much dollars I was going to risk.
on the upside, I used the last year to study and learn about BTC (even though I still consider my self n00bish) and I really only want BTC to hold forever or until I can pay my rent and electricity with it. Hopefully the wheels of oldworld commerce will not destroy this beautiful cryptocurrency, but if it does, I'm only out a few grand and I will survive.
That said...when it drops under 50$ I'm going in in a much larger way.
fuck da police.

i wanted to buy in june 2011. the price was 10ish. it took forever to get € to mtgox. when it was finally there the price has risen to 20 €. i bought 100 btc. it climbed up to 30 within days. wow, i thought WOW. we all know what happened. then there was the hack. chaos. my account got "closed". i felt so ashamed having dumped 2k€ into such a scam that i told nobody and decided to bury it and forget all about it. i thought it was all gone.

3 weeks ago some guy talked to me about btc. i remembered... that japanese scam that i was stupid enough to participate. i told him that i used to own some btc. he told me the current price of btc. WOW, 59 € ! that was at least worth a try sending an email to mtgox support team. they said no prob, just need your account no., your user name and your password. i swear i had it all forgotten, not saved - gone...

to my surprise mtgox support was able to recover my account. i have to give em credit for that.
i was getting exited. shipped more fiat towards gox. bought another 60 btc  at 68 €. yesterday i had 60 btc on my gox account, when i noticed this 20% fall. i tried to sell 50 btc but - as always - when it is really important to trade on gox, it is impossible because of lag, because of no information what is going on, anywhere. somehow my order came through and i ended up with more than 8k €. price fell.... but then it started recovering. mt gox lag, i couldn´t buy back. panic mode. shit, i will end up with no btc... buy buy click click... oh... it went through. now i had 69 btc. with no lag... man, more than 100... but then...  it is going down again?! uuups ... hm... ok, sell ... sell... SELL   but this time the lag wouldn´t let me. no way.

i went to bed. wondering what my coins would be worth in the morning. in the morning it wasn´t bad. i decided not to sell. and watched it go down.

i have invested 6 k € into this game. i hold 160 btc. i paid an average of 37 €.

-should i sell on bitcoin24 for currently 50 € and walk away with 2k € ?
-should i sell on bitcoin24 and use the 8 k € and wait for mtgox to reopen and hope the price will fall even more and invest the 8 k € when prices are even lower?
-should i keep the coins and just wait ?
-should i send more fiat in asap to buy when it drops more ?

what would you do?

yeah, well that is what you say. however, if the bitcoin doesn't get mass adoption beyond silk road and a handful of bitcoin stores, then the long term trend is down from here.

Those bulls fail to comprehend that losses can be reduced and money can be made in falling markets. I managed to short at 150 and bought back at 130..But its very risky trading with btc..

Stop loss with BTC is just daytrading. $10,000 in BTC is still a good bet if you are strong enough to hold for the longest. As long as the protocol is not hacked, it has only one way in the longer term and that is up.

did that dude ever hear of the term "stop loss"?

I saw a new thread yesterday from someone saying he bought $10,000 at $230 and was holding.  I'm sure many of those who bought at $200-$266 sold in the panic.  I doubt they all rode it down.

I sold at 27$ and made a good profit, like 300-400% profit. I got coins very cheap, sold them high, and missed the oportunity to sold them in at a huge price.
Good investment anyway. 

Did anyone actually buy high and sell low? Or are we just speculating that everyone is bummed out over virtual losses on a virtual currency? Even if you are sad that the bitcoin lost buying power, it just went back to where it was 2 weeks ago. Whateva.

i had a order fill @ $190 for 368 coins. but i'm not sweating. they'll pump it back up, they always do.

It only sucks if he needs fiat right now. Otherwise, we don't know. It may be a good investment. Fundamentals have not changed in the past few days, this is just speculative chaos that will average out in the long term.

I know some guy who bought at 220 for 5 digits, sucks i guess.

I bought 10 coins at 238.


But I had also bought 750 coins at 10 and 17 so I'm still not too upset.

I bought for my company at 245 and 250 on wednesday (ouchhhh.) if only the wire would have come a day later..
shorted at 125,good decision considering the prices now..
Losses : $40k

Personal:  Around 30k loss.To Be Determined when trading resume


Ohh well, its all to blame on one guy: MagicTux,THE Fundamentals were right to gamble.

I dont consider myself a loser though..there is still hope..

I grabbed a bunch on virtex in the 80s...

I'll post my moment of idiocy.  Last night I was doing a bit of scalping and accidentally sold all my coins for $165.  Then the price started rising steadily into the 170s.  Panicked a bit as I thought the price might recover, so I bought them all back at $172.  If I had just waited until this morning I could have bought them back at half that..

Hindsight is 20/20 n all that.

+1

please post screenshots of your high buys so we can have a laugh at you

nah just kidding

do post tho