Losing your life savings on BTC? Hurting everyday? - page 4.

ishinn99

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Quote from: pocketfullofpoke on July 25, 2018, 05:28:49 AM

If you always look in the cryptomarket's status everyday especially during crisis, you will really feel that you're like carrying the world upon your shoulders. Better won't look at the market regularly to avoid feeling hurt.

Yeah, this is easy to say but hard to do since we want to check how is the market going on, but this is really the best thing to do - to avoid looking in the market.

pocketfullofpoke

full member

Activity: 476

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If you always look in the cryptomarket's status everyday especially during crisis, you will really feel that you're like carrying the world upon your shoulders. Better won't look at the market regularly to avoid feeling hurt.

Haryourmi

newbie

Activity: 73

Merit: 0

Ah! Ah!! Ah!!!. Losing my life savings on BTC, someone can go crazy on it. It is not easy to saving BTC. You finally have a life savings, you then lost it, that is something bad. I call that thing Ill-luck.

newinquiry

newbie

Activity: 14

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Never invest Ur life saving in bitcoins u can start with small amount and take calculated risk. but before investment in bitcoin u need to research market first because its necessary to know on which price u are buying.if u buy in deep then is OK u can make profit in future but if u bought on higher price then definitely u will be in loss when market is down.

yvuj101

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Quote from: pooya87 on June 24, 2018, 10:26:21 PM

Quote from: NewCryptonian on June 24, 2018, 03:54:23 PM

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

if you think these two are the same thing then you are the idiot!

of course there is no argument that investing your whole life savings in bitcoin is a terrible idea but it is nothing like buying a lottery ticket. it is simply because of chances.
when you buy a lottery ticket first of all you have no way of speculating whether you will win or not and second you have a minuscule chance of winning.
on the other hand when you invest in bitcoin you do have a way of speculating whether you will make a profit (win) or not and also your chances are not at all small.

Im not hurt it's just a kind of game that exercise of the brain and also not aiming of bigger amount to win but only for sure to have a basic daily needs can afford to buy from a profit of bitcoin. It's not also losses but a service we can offer to others.

Fantastic33

member

Activity: 308

Merit: 12

That is why we should only invest on bitcoin on the amount that we can afford to lose. Bitcoin's price is not always an upward movement. It fluctuates from time to time, its highly volatile. Studying how it work and how its market goes is very important before entering the crypto world. Read a lot and make some research so we wont be shocked when the price drops. With this, panic selling would be avoided which is the main reason why we loss our profit.

Chicksteen

jr. member

Activity: 200

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Quote from: bitfocus on July 24, 2018, 02:47:08 AM

First of all, bitcoin is amazing but not magic genie or alladin's lamp. Use bitcoin just as an investment and a currency, only bet your extra money that you can afford to loose - live a life, man.

I do not put my savings to bitcoin but work to have it that is why I do not hurt everyday even the price goes down. I patiently wait to rise up and gain much higher amount. Bitcoin is not a magic where you have to make an effort to have it for not taking high risk for your life savings.

sonofliberty

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Quote from: NewCryptonian on June 24, 2018, 03:54:23 PM

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.
Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.
If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

You need to remember the first rule of investing in this market and it says that you should not invest more than you can afford to lose so those money that I put here I consider as lost.

Markettoken

newbie

Activity: 84

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I think you are a person who does not have fixed stance and I think you do not think full before you make investments. you should have made sure your readiness to invest here so you do not have to be afraid and must remain convinced that success can be achieved

daarul50

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Quote from: NewCryptonian on June 24, 2018, 03:54:23 PM

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

Maybe you are one of those people who think bitcoin does not have a good future. It's different from me, I feel bitcoin can give more things than we use fiat money, bitcoin is different from lottery tickets which we always have to wait for and are very unlikely to be able to benefit from taking part in the lottery. If we are smart to take advantage of the crypto market movement situation then we will know how to get instant benefits with bitcoin and altcoin so we don't have to spend retirement by working.

rommelo24

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Activity: 364

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Quote from: NewCryptonian on June 24, 2018, 03:54:23 PM

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

Risking retirement in investing in bitcoin is not a good thing to do. You should have to allocate savings for yourself. Do not be deceived by the big earnings you can get. Think twice and make the right decision.

bitfocus

member

Activity: 532

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First of all, bitcoin is amazing but not magic genie or alladin's lamp. Use bitcoin just as an investment and a currency, only bet your extra money that you can afford to loose - live a life, man.

Daniel9140

jr. member

Activity: 252

Merit: 1

Anyone that is mortgaging his house to buy bitcoin is not making a good investment decision as the best investment decision is to invest what you can afford to lose. Do not try to invest what you cannot afford to lose. This is my opinion

Dmitry.Vastov

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Activity: 840

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Quote from: NewCryptonian on June 24, 2018, 03:54:23 PM

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

If you spent your life savings buy Bitcoin, get out now while you still have something left! New crypto currencies are coming to replace BTC. Stop torment yourself everyday watching your money goes into red day after day after weeks after months.... you will spend your retirement working at McDonald’s trying to earn it back!

I don’t think that it is worth enough to lose all your entire life saving in bitcoin for now, as we all should know that for now bitcoin could be a very good part time job and could be very good and beneficial investment but today is not the time when one could 100% rely on bitcoin because it has yet not been legalised in all over the world so investing your entire life savings into the bitcoin is not worth enough, one cannot predict the future but I am sure that in the future it will become the full time job.

qiwoman2

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If I sold my digital assets/Bitcoin today I would only have 1% of their USD value in my pocket so yes, all my life savings are practically gone now so the last seven months have been a real killer for me personally and am not sure if I am going to survive this Bitcoin and Altcoin winter. I give myself until December to see if there is going to be a profound turnaround or not.

katarina007

newbie

Activity: 32

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With this it is clear that the potential of bitcoin is right and no property has the power to fight bitcoin. Despite current losses, the BTC will probably pump after adjustment, downtrend and upward trend of coin is a benchmark in BTC space, you do not need to panic or withdraw money due to market downturn. , check the market trends over the years, you will observe the changes over the years

matchi2011

sr. member

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Buy $BGL before it's too late!

Quote from: West0813 on July 20, 2018, 10:25:32 PM

That is totally crazy if you put all your life savings in bitcoin. That is so risky thing to do. And they always say that invest what you can afford to loose. We don't know what will be the value of bitcoin in the coming days. If it wil grow or fall down. And that's make bitcoin so risky.

Yeah right, its really between risky people and wise investors, if you can gamble your fate then you can go all in and wait if what tomorrow will bring you, but if you are wise and you know how to consider things that can happen along the way especially those emergency cases where you needed to use your money, better to save some portions of your saving for emergency funding.

West0813

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That is totally crazy if you put all your life savings in bitcoin. That is so risky thing to do. And they always say that invest what you can afford to loose. We don't know what will be the value of bitcoin in the coming days. If it wil grow or fall down. And that's make bitcoin so risky.

Lion_ashy

newbie

Activity: 78

Merit: 0

Quote from: pooya87 on June 24, 2018, 10:26:21 PM

Quote from: NewCryptonian on June 24, 2018, 03:54:23 PM

People buy lottery ticket all the time, that’s total fine, spending $5 here and there for fun. But if you mortgage your house to buy lottery tickets you are crazy.

Same thing with bitcoin. Spend a few grand for chuckle is fine, chances are you won’t see your money again. Heck I would pick up a few bitcoins too when it drops below $100.

if you think these two are the same thing then you are the idiot!

of course there is no argument that investing your whole life savings in bitcoin is a terrible idea but it is nothing like buying a lottery ticket. it is simply because of chances.
when you buy a lottery ticket first of all you have no way of speculating whether you will win or not and second you have a minuscule chance of winning.
on the other hand when you invest in bitcoin you do have a way of speculating whether you will make a profit (win) or not and also your chances are not at all small.

😂😂🤣 lol you know have had a similar conversation with one bozo comparing cryptocurrency with Ponzi. And was like its the same. Am like you crazy brov? I told him that cryptocurreny is not a blind investments you control you speculate with the help of chart you guess where a coin is headed but he won't agree with me. People onky have vivid knowledge about crypto'

amberthomas

newbie

Activity: 82

Merit: 0

It is your fault if you lose your life savings on Btc because you must have basic information about Bitcoin that It always include risk. You should not spend all of your life savings on it. You must know if you are not lucky enough, you will lose everything.

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