My mother asks me where her 3k dollars are, what should i tell her?

wormbog

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Activity: 561

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Quote from: thedarksun on April 10, 2014, 02:08:10 AM

I bought in when NMC was 8 dollars. Now my coins are worrh 1/4.
Should i just tell her i lost all money?
I knew somehow btc would crash permanently and screw me over.

Trade the NMC for BTC and tell her to forget about the money for a few years.

Also - never advise friends and family to invest in anything. You can tell them what you're interested in, and share your opinions about what you think is going to happen, but let them ask for your help if they want to invest. Then they will not be able to blame you if they lose money.

Ibian

legendary

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My old man invested too, on my recommendation and following my example. When he saw the price this morning he smiled and said buying more at 340.

He called 430 long before it happened where it hovered around for a while, so maybe he will get this one right too.

anu

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Quote from: Mikellev on April 10, 2014, 03:27:16 AM

If you trade or invest others ppl money, why didnt you sell the coins when you see price dropping ? Wait for the bottom and buy back in to get the max out of it ?

You did trust all these "hold" maniacs ? A real investor would never hold something that is losing value. He will hold if its rising.

Right, why didn't you? Can't you just look at Bitcoinwisdom's signs saying "TOP" and "BOTTOM"?

dreamspark

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Quote from: kwukduck on April 10, 2014, 04:49:51 AM

Quote from: dreamspark on April 10, 2014, 03:50:19 AM

Just hodl this is rock bottom for a lot of alts and they shoot up when BTC does, no guaranteee but I'd take those odds against selling out now.

Haha yea this is rock bottom, see you in the double digits in a weeks... Bye

Double digit what? MSC is in single digits right now Roll Eyes

TERA

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"I invested in a very promising tech stock fully expecting a growth of 1000%, but instead it has collapsed due to events overseas which could not be predicted."

kwukduck

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Quote from: dreamspark on April 10, 2014, 03:50:19 AM

Just hodl this is rock bottom for a lot of alts and they shoot up when BTC does, no guaranteee but I'd take those odds against selling out now.

Haha yea this is rock bottom, see you in the double digits in a weeks... Bye

shootme

newbie

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Tell her you are gay and you used the money in therapy because you are so embarrassed. (not that you should feel that way if you are gay)

Elwar

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Viva Ut Vivas

Tell her you have a heroin addiction. She will understand why the money is gone and all will be well.

dreamspark

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Just hodl this is rock bottom for a lot of alts and they shoot up when BTC does, no guaranteee but I'd take those odds against selling out now.

Cluster2k

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Honesty is the best policy. She'll find out sooner or later. As they say, you can't trade your way out of a hole and you can't gamble your way out of debt.

magicmexican

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Quote from: thedarksun on April 10, 2014, 02:08:10 AM

I bought in when NMC was 8 dollars. Now my coins are worrh 1/4.
Should i just tell her i lost all money?

thedarksun

sr. member

Activity: 639

Merit: 251

Quote from: Swordsoffreedom on April 10, 2014, 02:15:23 AM

Quote from: Jonivdb on April 10, 2014, 02:10:41 AM

If she trusted you the money to invest then she is partly responsible for trusting you. That doesn't help with your feeling of guilt ofc, but yes you should just tell her.

It is volatile stuff but yep tell her but then ask her duration as well since you probally just need to ride it out
Good time to dollar cost average though

I always thought "well if it goes down initially ill just ride it out" but the thing is i bought in the beginning of january so its been some months already. I cant blame mother for wondering.

cosmofly

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Quote from: Mikellev on April 10, 2014, 03:27:16 AM

If you trade or invest others ppl money, why didnt you sell the coins when you see price dropping ? Wait for the bottom and buy back in to get the max out of it ?

You did trust all these "hold" maniacs ? A real investor would never hold something that is losing value. He will hold if its rising.

Well said, this guy is a good investor .

thedarksun

sr. member

Activity: 639

Merit: 251

Quote from: cosmofly on April 10, 2014, 03:22:39 AM

Tell her that your son is an idiot for buying a worthless coin like namecoin , did u even see the website? The name coin community abandoned it since the last 2 years. I think btce trollbox convinced you to buy namecoin Cheesy

But if btc goes up so will namecoin? The reason namecoin fell is because stupid btc died.

Mikellev

sr. member

Activity: 308

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If you trade or invest others ppl money, why didnt you sell the coins when you see price dropping ? Wait for the bottom and buy back in to get the max out of it ?

You did trust all these "hold" maniacs ? A real investor would never hold something that is losing value. He will hold if its rising.

p0peji

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Activity: 266

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Tell your mom you spend it on hookers and blow

cosmofly

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PrimeDAO - An Adoption Engine for Open Finance

Tell her that your son is an idiot for buying a worthless coin like namecoin , did u even see the website? The name coin community abandoned it since the last 2 years. I think btce trollbox convinced you to buy namecoin Cheesy

GTO911

hero member

Activity: 672

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Feeling sorry for you man, tough times. Now what you should do is sell the NMC and do your homework and buy a coin with a promising short term future. Just get in a pump early and dump ASAP when you recover your money. Hope that helps

and yeah pm me with what you are going to invest in before applying my above idea, ill help you out

the_poet

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Bitcoin accepted here

Quote from: thedarksun on April 10, 2014, 02:08:10 AM

I bought in when NMC was 8 dollars. Now my coins are worrh 1/4.
Should i just tell her i lost all money?
I knew somehow btc would crash permanently and screw me over.

Cryptos are among the most volatile assets ever. I hope you told her before investing.

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: Jonivdb on April 10, 2014, 02:10:41 AM

If she trusted you the money to invest then she is partly responsible for trusting you. That doesn't help with your feeling of guilt ofc, but yes you should just tell her.

It is volatile stuff but yep tell her but then ask her duration as well since you probally just need to ride it out
Good time to dollar cost average though

Topic: My mother asks me where her 3k dollars are, what should i tell her? (Read 3160 times)