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Topic: Mother keeps bugging me about her money. (Read 3655 times)

legendary
Activity: 4004
Merit: 1250
Owner at AltQuick.com
April 28, 2014, 06:56:18 PM
#55
In the beginning of january my mom gave me 3000dollars with which i bought nmc when they were 8 short before plumbing to 6<. Now she keeps bugging me where her money are because it has been some months. Do you guys think we will see an upswing in prices in summer because im gettin desperate here. She will kil me if NMC dies and all money are gone.

Give her what there is left back. Some times shit doesn’t win and it is best to be honest.

Maybe you should consider HUC. The same dude who did the name coin wallet did this coin as well.
hero member
Activity: 763
Merit: 534
null
legendary
Activity: 2674
Merit: 2965
Terminated.
Never invest money which you can't afford to lose. Get a job in the meantime.
hero member
Activity: 546
Merit: 500
You really had no business gambling (I deliberately refrained from using the word "trading" here) with someone elses money. You got burned. Cash out what you have and make a plan to pay back the lost 25% of the loan over some time period.
legendary
Activity: 1526
Merit: 1001
Hold your namecoins and forget about them. Like really stop obsessing about your loss. Get a job that is available to you at your age and promise your mother you will work to pay it back. The money is gone for the next year or two. Do not sell any nmc and buy crappy altcoins you know nothing about.

Nmc is sort of linked to BTC and protected due to merge mining. It will still be here even in 5 or 10 years, much unlike most other altcoins. More gambling is not the answer for bad trades imo. See it as an investment. Nmc is not the worst coin for a (long time) investment. It's safe.

You just need to figure out what to do until then should your mother need the money.
full member
Activity: 185
Merit: 100
To be safe, you should work at a gas station or as a prostitute while you are waiting.
full member
Activity: 224
Merit: 100
try mining 666coin, launches May 3rd.

follow here for updates https://twitter.com/666Coin666
full member
Activity: 129
Merit: 100
Love to see nobs losing their money!  Cool
legendary
Activity: 2702
Merit: 2053
Free spirit

As long as you have *something left you can always figure something out.. if you have trade skills and noobs don't.. but they have big mouths, the loudest in our scene
and love bullshitting people on chat box's ..always ignore dipshits on Troll box's lol
They mention a coin more than once ? ...ignore ...period.

and a lot of the posts here in the endless what alt threads


eg

Earlier in this topic I promoted Solarcoin pretty hard, but that was only just to make its price rise so I could get more profit, because I had already seen it for the crap coin it is.

careful who you trust.

The organised pump threads. countdown to the coin name to be released. Oh look it seems from the market that 2 hours before they announce it someone (ahem) already brought in and rose the price a bit ready for you to repay them the profit when you join it. beware.
legendary
Activity: 1540
Merit: 1011
FUD Philanthropist™
i have been in your position and most times i bit the bullet when i in a short term frame of noticing i'm screwed
pulled out and dumped my coins and then swiftly used that money that invest in some other coin i know for sure i can profit on.
Is that right for you ? i have no idea that is your choice and your problem.. you gotta know what your doing lol
Most times that has worked for me well..
For example i was trapped in some coins way back and i seen a new opportunity to dump them and re-invest
and i wound up easily working my coins back up within a couple trades making all my lost money back and far far more.
BUT you have to know what your doing and have a good set of diverse trading skills.
Otherwise you may just lose all your money entirely lol

I started out in crypto with nothing and have made lots.. took me a week to get my first couple FTC coins.. which now is nothing and laughable lol
it was a hard road but i battled ..even when EVERYONE laughed at me for using Nvidia and said i was wasting my time and it was IMPOSSIBLE to make anything with what i had..
And i won ! ..and i said i told you so to them and laughed loud in their faces as obnoxious as i could.. eat shit morons you know nothing Smiley
Persistence and research and trade skill and a bit of luck and hope is the only thing gonna keep your head a float.

snail said earlier don't panic and that is smartest thing i have seen posted yet here..
When people around your scream and run around like their on fire just kick back put your feet up, smile and grab a drink and laugh..
when your confident enough you can dig yourself out of any hole no matter how deep.. your golden, you will no longer be trading with emotion they call it.
As long as you have *something left you can always figure something out.. if you have trade skills and noobs don't.. but they have big mouths, the loudest in our scene
and love bullshitting people on chat box's ..always ignore dipshits on Troll box's lol
They mention a coin more than once ? ...ignore ...period.

what i'm saying is Time is Money.. you have to weigh what profit will you get long term vs dumping your coins, taking a loss and starting over again.
that is a tricky situation though.. when to do that is hard to tell some times. just take your time and think carefully as best you can.
And don't give up hope.. no point in jumping off a bridge or something.. times get rough.. days get dark and your luck may go to hell..

Have some faith knowing things will turn around eventually ..if you do the right actions and stay persistent and patient then you should be fine.

The REAL question is do you have a bad ass take no prisoners elite trader in you ?
Or did you fold and curl up in a ball on the floor crying  ? lol
Go kick some god damn fucking ass man Wink
No fuckin' porisoners !
Go git you some !

a typical lesson in life is learning to take control of your fate rather than the other way around..
sit on your coins and get what ever others give you or take control and decide your own fate ?
applies to life it's self in all aspects..

have you given up ? do you have the motivation to get good at this ? willing to work hard ? willing to have some faith ?
If not, your options are very limited.. you get what you get then.
hero member
Activity: 746
Merit: 502
Looking for advertising deal
sr. member
Activity: 420
Merit: 250
Kamehameha!!!
I don't understand, the only way to make money in Crypto is making a fake IPO. Is there another way?
sr. member
Activity: 259
Merit: 250
well... my opinion is that no altcoin holds value. Look at any altcoin history, they always lose value overtime...
hero member
Activity: 2086
Merit: 761
To boldly go where no rabbit has gone before...
This has to be a troll thread

Why? I am 100% legit.

Nothing personal , but i just subscribed to this thread....

waiting for the imminent "please help me with donations" post
hero member
Activity: 676
Merit: 500
Invest 0,15 BTC in coingen and release another IPO 69.5BTCcoin  Cool





full member
Activity: 168
Merit: 100
This has to be a troll thread

Why? I am 100% legit.

This may sound bad...but pull your money from Nmc at a loss. It's not going to do better than the other alt coins around it in terms of roi.

Go for something with low inflation (quark, zeta) or something with a multipool (black coin when it's cheaper) and make some gradual money.

Also, PPC > Nmc any day.
sr. member
Activity: 639
Merit: 251
tell her you screwed up and cash out. give the remaining money back and go get a job to pay back the rest... or you keep the coins and work for the whole 3000$ to give her the money back.
dont invest friends and families money. that always ends bad.

if you want to stay with cryptos, you need to try and learn as much as you can. you didn't really make a smart investment there, specially for short term gains.

sorry this happened to you. gl with whatever you're going do and be honest to yourself and others.

Well, originally I made 500 dollars after just one day. But I was too greedy and thought NMC would climb even higher then some bad news about a bank banning hit and the price dropped 2 dollars and from then on it was been on one steady decline.
I have 1000+dollars that I want to invest myslef Because I definitely believe NMC could make at least 4 dollars with some good news in the near future just like it did some weeks ago when it went from 1.6 to 3.3. But I am afraid that 8 dollars and BTC at 1000 dollars will not happen this year and yeah, my father will KILL me.

Go long. that 3K will be worth 30K in a few years.

Then pay her back 6K and keep the rest for a car. Wink

It also sounds to me like you are starting this at a young age. Keep it up, don't let your folks or anyone discourage you. You will be a very rich man one day. Nothing happens overnight.




Thanks. Finally some words of encouragement.
sr. member
Activity: 639
Merit: 251
This has to be a troll thread

Why? I am 100% legit.
full member
Activity: 378
Merit: 102
This has to be a troll thread
hero member
Activity: 779
Merit: 500
First of all don't panic. Second most important thing: do not listen to people who advising you to buy only one specific coin Smiley.

Some practical advice.
- Looking for freely distributed coins in the Announcements section could be a good way to pull yourself out from this situation. In the last two months I've got about 3 BTC worth coins for free... actually during the COMM hype a week ago it was close to 5 BTC. If you have some of these free coins wait until they hit the second or third exchange and then dump them. (The first exchange is too early.) When you collected some BTC on this way you can start some daytrading.

- Find some cheap, established coins with liquid market, high volume, low maintenance cost and then trade them. (Important! Always diversify your orders.)

...and the usual stuff:

- In an average trollbox those guys are pretending to be your friends but actually the opposite is true. BTT is the same.
- Thou shalt not get involved in announced pump and dumps.
- Forget about IPOs. (At least at this point.)
- Know the coin you trading. (E.g: after the DVC bounty payments you can always expect big dumps. That means good buy opportunities but it can mean that your BTC can get stuck in sell orders if you bought higher a few days earlier.)
- Don't be greedy. A small but sure and relative risk free profit in your pocket is much better than any "great earning potential".
- Always keep some money/BTC in reserve.

So in short, stick to free stuff and be careful with your existing money.
this is good advice. I made 3 BTC off of COMM alone. NXTL will be next next free one
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