Classic story. But you can consider that the most of us got involved in the cryptocurrency community in a similar way.
I had a conversation with a friend when bitcoin was around 400 and we were discussing to buy together some.
Guess what... We didn't buy... But we got involved in the industry when bitcoin was around 2k (still a lot more than 400).
The only difference with the initial story is that we still haven't cashed out and we expect a bigger raise in the price.
Topic: Stupid Bitcoin Traders - page 3. (Read 974 times)
Not everyone learns from the previous experience. Your brother may want to prove his right about what he speculate than you being right. Of curse there is the truth about his losing money instead of gaining. Its now going to be one big FACT to him. You on the other hand are just about too prove that its the right time to buy BTC. If BTC price goes up, he will soon expect price to take a nose dive.
Actually bitcoin price will fall after pump because traders will always look for profit. Maybe he didn't see the longer time Frame chart of bitcoin price. I don't have any story like that, it seems that my brother and all of my team members are always becarefull when they do trading. Please always keep this patern in our mind " when bitcoin price go up then we should ready to sell at higher price and if it price go down then we should ready to buy bitcoin at lowest price at that period".
Your brother-in-law doesn't learn from experience, he should first learn what BTC is and the price. Don't when the high price of buying and selling panic I think is not suitable in this industry, IMO BTC can also be grown from other investments such as buying ALT ETH XRP or investment in various other industries gambling same with me.
If i was you, i don't like to recommend it to some friends or relatives unless they find it interesting but it seems that just like your story. Your relative doesn't seem to care and he may have a little knowledge about it, so let him find the truth by seeking it. Once you fed them already with the right knowledge and they seem to don't care then it won't work for him as long as he sought more about it.
Not untill 2017 when he showed me the graph of bitcoin from when he encouraged me till 2017 and damn the price went out to a unbelievable value,so I invested when the price drop to $8k but another damn thing because it continued to fal to $3k lol
many traders analysts say that now the scenario is possible that bitcoin will once again fall to 3000 dollars. today we see the beginning of another correction. it's terrible if they're right.
I was the stupid one actually. As the Bitcoin's price was moving up at the end of 2017, I decide to sold all of my Ethereum for Bitcoin. I think it was good just to hold Bitcoin, but later Bitcoin price was stable and ETH/BTC pair was increasing. I should have got more Bitcoin if I was patient enough not to convert my Ethereum to Bitcoin.
Nobody is stupid because the right word is unlucky. price changes that occur are very difficult to predict. it is closely related to the amount of investment we have. The world of trading requires a risk and we must be prepared to accept any risks that may exist. a trader must be prepared to accept all the results that ultimately occur. 
... And he says... "NO, NO, NO. Not for me - I learned my lesson"
No Dumb-Ass... You didn't learn shit! ...
No Dumb-Ass... You didn't learn shit! ...
Yes he did. He learned two valuable lessons:
1. Don't invest in something that you don't understand.
2. Don't invest in something just because some random relative tells you to.
Here's my lesson for you:
1. Don't recommend investments to friends or relatives.
This is the reason why I don't recommend investment on my friends and family because it is risky .
They have to know what they are investing on and don't let them be fooled and be greedy because they've seen some people become successful from it.
... And he says... "NO, NO, NO. Not for me - I learned my lesson"
No Dumb-Ass... You didn't learn shit! ...
No Dumb-Ass... You didn't learn shit! ...
Yes he did. He learned two valuable lessons:
1. Don't invest in something that you don't understand.
2. Don't invest in something just because some random relative tells you to.
Here's my lesson for you:
1. Don't recommend investments to friends or relatives.
@odolvlobo, you can recommend but do not persued them. there MUST be some kind of self willingness otherwise you might end-up pushing a rock. and the end result might be hatred if, thing's goes the wrong direction.
Year's back, i told a family friend about making money online (ebay) since he was knew to the internet stuff.
Himself and the wife where skeptical about this due to stories of scammer's on the web.
The good thing is that he was excited about this whole stuff. The bad thing is that i disappear from him for about 3 year's after that encounter.
We finally meet one morning after 3-4 year's . he was quick to ask me with a pen in his hand about the internet biz opportunities.
I guess he's ready now to take action.
Thanks
I was the stupid one actually. As the Bitcoin's price was moving up at the end of 2017, I decide to sold all of my Ethereum for Bitcoin. I think it was good just to hold Bitcoin, but later Bitcoin price was stable and ETH/BTC pair was increasing. I should have got more Bitcoin if I was patient enough not to convert my Ethereum to Bitcoin.
Not untill 2017 when he showed me the graph of bitcoin from when he encouraged me till 2017 and damn the price went out to a unbelievable value,so I invested when the price drop to $8k but another damn thing because it continued to fal to $3k lol
many traders analysts say that now the scenario is possible that bitcoin will once again fall to 3000 dollars. today we see the beginning of another correction. it's terrible if they're right. 
My experience was almost the same but I didn't advised them to invest instead they asked me more about bitcoin and suddenly they bought it during $18k-$19k. They didn't even noticed me that they were about to buy.
I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.
I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.
1. Don't recommend investments to friends or relatives.
Yes, this is the best advice is not to advice and talk to your relatives and friends about crypto investments.For me sharing to relatives and friends about cryptocurrency investments isn't a bad action to do so, but if one of them became judgemental better not discuss anything to them. However, if a person's thoughts was negative for their loved ones then so be it don't open up some topic all about because you'll turn out failure once they don't have interest on a certain matters.
Stupid mindsetting is due to lack of proper informations regarding bitcoin, so if you're a trader of bitcoin I think it's hard to make those people acquire basic knowledge if they're distant to us. Just pick those that will listen to you and ignore those who don't pay attention.
And what's frustrating is at the end of it, you'll be blamed with the actions that they did and guess what? you are not even associated or part of the creation of their plan. That really taught me that I should only talk to those people that are interested and much better if they aren't my relatives.
Well i was not as stupid as your brother because i am not a trader back then but i have my own stupid experiences here
My brother encouraged me in 2015 to try studying cryptocurrency specially bitcoin since he was inside the community year before then,but what i did is denied all his encouragement and sometimes i even told him to stop asking me because i am not interested
Not untill 2017 when he showed me the graph of bitcoin from when he encouraged me till 2017 and damn the price went out to a unbelievable value,so I invested when the price drop to $8k but another damn thing because it continued to fal to $3k lol
My brother encouraged me in 2015 to try studying cryptocurrency specially bitcoin since he was inside the community year before then,but what i did is denied all his encouragement and sometimes i even told him to stop asking me because i am not interested
Not untill 2017 when he showed me the graph of bitcoin from when he encouraged me till 2017 and damn the price went out to a unbelievable value,so I invested when the price drop to $8k but another damn thing because it continued to fal to $3k lol
My experience was almost the same but I didn't advised them to invest instead they asked me more about bitcoin and suddenly they bought it during $18k-$19k. They didn't even noticed me that they were about to buy.
I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.
I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.
1. Don't recommend investments to friends or relatives.
Yes, this is the best advice is not to advice and talk to your relatives and friends about crypto investments.For me sharing to relatives and friends about cryptocurrency investments isn't a bad action to do so, but if one of them became judgemental better not discuss anything to them. However, if a person's thoughts was negative for their loved ones then so be it don't open up some topic all about because you'll turn out failure once they don't have interest on a certain matters.
Stupid mindsetting is due to lack of proper informations regarding bitcoin, so if you're a trader of bitcoin I think it's hard to make those people acquire basic knowledge if they're distant to us. Just pick those that will listen to you and ignore those who don't pay attention.
My experience was almost the same but I didn't advised them to invest instead they asked me more about bitcoin and suddenly they bought it during $18k-$19k. They didn't even noticed me that they were about to buy.
I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.
I warned them that it may go higher and lower so take the risk that they can accept. And you know what? after all of those dips, they started to be disappointed to me, yes to me, not with bitcoin and not with their decision.
1. Don't recommend investments to friends or relatives.
Yes, this is the best advice is not to advice and talk to your relatives and friends about crypto investments. 
Why is it - that people are so ready to buy AFTER it pumps 50X - And then cry or call BTC a scam after they lost their ass?
Really FOMO. And for some reason, it's also because they want easy money like they can become a millionaire in just a week. That's why most of the people are losing their money, they don't even research. I also have a lot of friends bought above $15,000 and when the BITCOIN drops, they start to cry and talk negative about Bitcoin, like scam or whatsoever. 
It's natural for people who are not involved with crypto to want to buy in when the price is sky high - they are experiencing FOMO.
Of course, anyone who knows anything about crypto nows that it comes crashing back down at some point, the cycle continues.
Of course, anyone who knows anything about crypto nows that it comes crashing back down at some point, the cycle continues.
Haha, he wasn't listening to you and still had a pride even if he bought btc at a peak price? I may say that he has really "something" in his mind. If he doesn't want others to teach or guide him, let him be. He doesn't learn his own lesson so, let him be. If I were you, I will just take care of myself and let my brother in law lose all his fund by being so conceited man.
people are funny about their investments.
when bitcoin hit 20,000 everyone was paying me to consult with them on how to get into bitcoin and all they talked about was how they wish they had gotten in when bitcoin was much lower.
now that its much lower, no one wants to get into it, not even to lower their overall cost on their assets.
people are definitely odd and fickle
when bitcoin hit 20,000 everyone was paying me to consult with them on how to get into bitcoin and all they talked about was how they wish they had gotten in when bitcoin was much lower.
now that its much lower, no one wants to get into it, not even to lower their overall cost on their assets.
people are definitely odd and fickle
Are you a consultant ? Thats normal and even all of us who are already here in bitcoin we still wish that we can buy bitcoins at a more lower cost not 3k ,2k but i mean under 100 usd like what happen on the year 2015 and below where bitcoin is not yet popular but unfortunately that was nearly impossible to happen . i dont think that bitcoin can go down hard because the adoption and demand today are now totally different from the past .
people are funny about their investments.
when bitcoin hit 20,000 everyone was paying me to consult with them on how to get into bitcoin and all they talked about was how they wish they had gotten in when bitcoin was much lower.
now that its much lower, no one wants to get into it, not even to lower their overall cost on their assets.
people are definitely odd and fickle
when bitcoin hit 20,000 everyone was paying me to consult with them on how to get into bitcoin and all they talked about was how they wish they had gotten in when bitcoin was much lower.
now that its much lower, no one wants to get into it, not even to lower their overall cost on their assets.
people are definitely odd and fickle
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