What an idiot. Lesson? Don't listen to FUDders on the Economy board.

Lauda

legendary

Activity: 2674

Merit: 2965

Terminated.

This isn't really the right section to discuss this IMO.

Quote from: Decoded on June 24, 2016, 04:42:45 AM

Instead of a 0.001 fee, I used 0.0001 for a ~1000 byte transaction.

May I ask what wallet you're using? I don't usually specify the fee, but rather use a custom settings and have never any problems with fees.

Quote from: Decoded on June 24, 2016, 04:42:45 AM

Lesson learnt: Bitcoin is eternal. Don't listen to the FUD in Economy, nor fall for the lies of "DAO is the future".

You mean the soon-to-be, centralized, mutable, and non-censorship resistant blockchain ETH? Anyone who wants to be involved with it after this, has entered the world of crypto-currencies for the wrong reasons (most likely, only personal greed). This video explains the DAO situation quite nicely.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: Decoded on June 24, 2016, 04:42:45 AM

I sold at $580. I was about to sell my btc at $780 at Spectrocoin, but my fat fingers let me down. Instead of a 0.001 fee, I used 0.0001 for a ~1000 byte transaction. My transaction took more than 6 hours. By then, bitcoin had dropped to $620. I thought the price was just a temporary thing, but it kept falling, and I read some shit and FUD in the economy section, so I sold asap. Little did I know, bitcoin went back to its former glory less than 48 hours later. Fuck.

Lesson learnt: Bitcoin is eternal. Don't listen to the FUD in Economy, nor fall for the lies of "DAO is the future".

I think it is good to trade especially if you like challenges and want to growth your coins. If done correctly it will bring in gains in short term. However, hodling is still the simplest way but it will be for longer term.

Sit back and relax. The coming two weeks will be exciting, now with Brexit (sadly) and the reward halving round the corner.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Why would anyone sold his coins in this stimulated market which is intended (and expected) to rise for a course of a month because it's halving time? You wouldn't have to think of it dropping down and even if "economists" on the Economy board tell you that "bitcoin is falling etc etc", you shouldn't have listened and just continued to hold on.

Snorek

legendary

Activity: 1400

Merit: 1001

What do you even wanted to sell your BTC before huge events like the halving and potential Brexit?
Stop listen to the altcoin crowd, they will tell you that after BTC halving we will see massive dumps and everyone will sell hoarded coins therefore price of BTC will be back to ~$250

If you don't need FIAT money right now the best rule is to NOT selling your BTC at all.

partysaurus

sr. member

Activity: 574

Merit: 251

Quote from: Decoded on June 24, 2016, 04:42:45 AM

I sold at $580. I was about to sell my btc at $780 at Spectrocoin, but my fat fingers let me down. Instead of a 0.001 fee, I used 0.0001 for a ~1000 byte transaction. My transaction took more than 6 hours. By then, bitcoin had dropped to $620. I thought the price was just a temporary thing, but it kept falling, and I read some shit and FUD in the economy section, so I sold asap. Little did I know, bitcoin went back to its former glory less than 48 hours later. Fuck.

Lesson learnt: Bitcoin is eternal. Don't listen to the FUD in Economy, nor fall for the lies of "DAO is the future".

i fell for the crap that doa was the future and ethereum dont even get me started on that piece of shit, now i stay strictly to bitcoin.

fkvidar

hero member

Activity: 924

Merit: 1000

Patience is the key to profits in bitcoin, do not listen to others, just study the market well and take actions accordingly, best thing is to hold coins till the halving to earn higher profits.

Decoded

legendary

Activity: 1232

Merit: 1029

give me your cryptos

I sold at $580. I was about to sell my btc at $780 at Spectrocoin, but my fat fingers let me down. Instead of a 0.001 fee, I used 0.0001 for a ~1000 byte transaction. My transaction took more than 6 hours. By then, bitcoin had dropped to $620. I thought the price was just a temporary thing, but it kept falling, and I read some shit and FUD in the economy section, so I sold asap. Little did I know, bitcoin went back to its former glory less than 48 hours later. Fuck.

Lesson learnt: Bitcoin is eternal. Don't listen to the FUD in Economy, nor fall for the lies of "DAO is the future".

Topic: What an idiot. Lesson? Don't listen to FUDders on the Economy board. (Read 430 times)