what should I do, I invested a lot - page 5.

nuff

sr. member

Activity: 266

Merit: 250

Quote from: carla17 on August 21, 2014, 04:02:41 AM

Quote from: Rampion on August 21, 2014, 03:50:19 AM

Quote from: carla17 on August 21, 2014, 03:39:57 AM

by the way, I am 28 yo I am not rich and I invested a lot of my savings, especially I bought a lot of LITECOIN....f**k Cry

Why Litecoin? You should have focused on Bitcoin, Litecoin is a clone with no added value to the original.

I bought before, but unexpectedly it continued to depreciate, I was reluctant to sell at a low price, now I have about 1000 litecoins.

You should sell your litecoins now it's actually overvalued at the moment. How much did you buy your ltcs at btw?

carla17

newbie

Activity: 35

Merit: 0

Quote from: Rampion on August 21, 2014, 04:05:16 AM

Quote from: carla17 on August 21, 2014, 04:02:41 AM

Quote from: Rampion on August 21, 2014, 03:50:19 AM

Quote from: carla17 on August 21, 2014, 03:39:57 AM

by the way, I am 28 yo I am not rich and I invested a lot of my savings, especially I bought a lot of LITECOIN....f**k Cry

Why Litecoin? You should have focused on Bitcoin, Litecoin is a clone with no added value to the original.

I bought before, but unexpectedly it continued to depreciate, I was reluctant to sell at a low price, now I have about 1000 litecoins.
http://4.bp.blogspot.com/-LGfZmcoFPwk/UEujdLt5l1I/AAAAAAAAFCY/xoToE0AhiQk/s400/crying-kid-250x300.jpg

My recommendation is for newbies to stick to Bitcoin - alts, especially useless BTC clones like LTC (and its further clones), are just pure gambling and/or pump&dump schemes. Not a wise investment at all, unless you already own BTC and you just want to gamble a little.

it's too late Undecided

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: carla17 on August 21, 2014, 04:02:41 AM

Quote from: Rampion on August 21, 2014, 03:50:19 AM

Quote from: carla17 on August 21, 2014, 03:39:57 AM

by the way, I am 28 yo I am not rich and I invested a lot of my savings, especially I bought a lot of LITECOIN....f**k Cry

Why Litecoin? You should have focused on Bitcoin, Litecoin is a clone with no added value to the original.

I bought before, but unexpectedly it continued to depreciate, I was reluctant to sell at a low price, now I have about 1000 litecoins.

My recommendation is for newbies to stick to Bitcoin - alts, especially useless BTC clones like LTC (and its further clones), are just pure gambling and/or pump&dump schemes. Not a wise investment at all, unless you already own BTC and you just want to gamble a little.

carla17

newbie

Activity: 35

Merit: 0

Quote from: Rampion on August 21, 2014, 03:50:19 AM

Quote from: carla17 on August 21, 2014, 03:39:57 AM

by the way, I am 28 yo I am not rich and I invested a lot of my savings, especially I bought a lot of LITECOIN....f**k Cry

Why Litecoin? You should have focused on Bitcoin, Litecoin is a clone with no added value to the original.

I bought before, but unexpectedly it continued to depreciate, I was reluctant to sell at a low price, now I have about 1000 litecoins.
http://4.bp.blogspot.com/-LGfZmcoFPwk/UEujdLt5l1I/AAAAAAAAFCY/xoToE0AhiQk/s400/crying-kid-250x300.jpg

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: carla17 on August 21, 2014, 03:39:57 AM

by the way, I am 28 yo I am not rich and I invested a lot of my savings, especially I bought a lot of LITECOIN....f**k Cry

Why Litecoin? You should have focused on Bitcoin, Litecoin is a clone with no added value to the original.

hodap

full member

Activity: 306

Merit: 102

Should not invest what you are not willing to lose it all.

Would suggest you to reduce the risk by selling and only holding what you are willing to lose.

carla17

newbie

Activity: 35

Merit: 0

by the way, I am 28 yo I am not rich and I invested a lot of my savings, especially I bought a lot of LITECOIN....f**k Cry

carla17

newbie

Activity: 35

Merit: 0

..I'm waiting for the right opportunity...

MichaelBliss

hero member

Activity: 526

Merit: 500

Do *not* keep your "investment" on an exchange! That is asking for trouble! Your far better off with a paper wallet, or even an excellent pass phrase and the Qt wallet (backed up many times of course!).

I would say there's a better chance that you'll get screwed over by the exchange in some way than there is that your investment will tank long term...

xDan

hero member

Activity: 688

Merit: 500

ヽ( ㅇㅅㅇ)ﾉ ~!!

OP, I just read your post history:

"I keep all bitcoin in bitstamp cause I trust them"

Now this, may not be a good idea.

Well, maybe if you are so technically illiterate that you would totally screw up holding them yourself. But historically, Bitcoin exchanges can and do go bust.

As others have said - you don't have any bitcoin, you have an IOU for bitcoin.

Junkbarman

full member

Activity: 168

Merit: 100

tl;dr why didn't you buy at $450?

What do you think is going to happen if all the home miner/ hobbiest like myself just can't mine anymore for whatever reason? (too hot, too expensive, too noisy, wife bitching, etc, etc, etc)

Your going to see more buyers and sellers, especially once the block reward halves again.

And seeing things like Newegg.com selling a PS4 for $80 off if you use bitcoins, is great too. It's like being in a club with great discounts. The more people that adopt bitcoin, I'm sure the less you're going to see things like those deals.

But in the mean time, let's do this!

New title for this thread: what should I do, I invested alot and haven't invested since..

ErnieX

jr. member

Activity: 58

Merit: 10

Takes time for people to accept trading and spending bitcoin on these levels, when enough do so and even more are willing to enter the market the price will rise almost guaranteed.
Even if another pullback to $400 comes just hold or buy extra. The odds for bitcoin to challenge the alltime high are very good, until it breaks out even higher. But then people need to get used to those levels again for awhile, imagine you will be able to buy a decent car for 1 or 2 bitcoins or a house for 25 bitcoins Cheesy

Coinhunter32

member

Activity: 61

Merit: 10

860$, is a very high price. I think you shouldn't sell it panicing. Bitcoins is future and prices will surely rise.

Just wait for an year or so.

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: cinnamon_carter on August 18, 2014, 07:54:50 PM

simple,

sit back , relax , enjoy the ride,

it may take a while,

don't worry about btc until difficulty starts dropping like a rock

as long as the network is running like it is now, even if difficulty does not continue to go up (i suspect it will continue to rise)

it is bulletproof,

!!!!

This is definitely not a glitch! SELLLLLL!! /s

BBmodBB

full member

Activity: 154

Merit: 100

BTC = FREEDOM IS OUR ONLY HOPE!

Quote from: cinnamon_carter on August 18, 2014, 07:54:50 PM

simple,

sit back , relax , enjoy the ride,

it may take a while,

don't worry about btc until difficulty starts dropping like a rock

as long as the network is running like it is now, even if difficulty does not continue to go up (i suspect it will continue to rise)

it is bulletproof,

hey bud! : it's apparent most bitcoiners interests are self serving...are you different? Can we make a change for the better? Roll Eyes

...need your help!!!(pm me)

ErnieX

jr. member

Activity: 58

Merit: 10

Hold your coins for a few years, bitcoin only grows even if it doesn't immediately show in the price or is on a pullback, don't give it up they will be more and more rare as time passes.

MichaelBliss

hero member

Activity: 526

Merit: 500

Quote from: 600watt on August 20, 2014, 08:08:02 AM

Quote from: nuff on August 19, 2014, 11:18:16 PM

Quote from: 600watt on August 19, 2014, 02:51:49 PM

i got so enthusiastic about bitcoin ...
(...)

i think you made the right decision.

Thanks for sharing. Honestly I feel bad for taking your story to reinforce my belief that the value of bitcoin will ultimately rise because it's simple mathematics really, the less things are getting made the more valuable they become. Hope you didn't panic sell all your bitcoins and held some until end of 2013, you've made almost 10x profits

don't worry, i held almost all my stash. and yes, i WOULD have made 10x profits if i would have sold on top. hodlers hodl i guess...

edit: typo

It sounds like you did pretty well under the circumstances. You didn't panic (for the most part) and your still here to tell the story, which is the main lesson you have to teach I think. I wouldn't worry about not picking the exact top. Unless your the one manipulating the market, it's impossible to predict the top or bottom.

nuff

sr. member

Activity: 266

Merit: 250

Quote from: 600watt on August 20, 2014, 08:08:02 AM

Quote from: nuff on August 19, 2014, 11:18:16 PM

Quote from: 600watt on August 19, 2014, 02:51:49 PM

i got so enthusiastic about bitcoin ...
(...)

i think you made the right decision.

Thanks for sharing. Honestly I feel bad for taking your story to reinforce my belief that the value of bitcoin will ultimately rise because it's simple mathematics really, the less things are getting made the more valuable they become. Hope you didn't panic sell all your bitcoins and held some until end of 2013, you've made almost 10x profits

don't worry, i held almost all my stash. and yes, i WOULD have made 10x profits if i would have sold on top. hodlers hodl i guess...

edit: typo

I'm really glad you did. Sometimes we can get sucked in into all the negativity surrounding Bitcoin (no thanks to the forever bears) especially to those who are new into Bitcoin that it helps to know how things were back then and by keeping the faith it all comes out better than we can possibly imagine

desired_username

hero member

Activity: 886

Merit: 1013

Quote from: Impros88 on August 18, 2014, 09:14:47 AM

I waited for the pump

Haha, what an imbecile. Cheesy

Sell at a loss and don't come back.

600watt

legendary

Activity: 2338

Merit: 2106

Quote from: nuff on August 19, 2014, 11:18:16 PM

Quote from: 600watt on August 19, 2014, 02:51:49 PM

i got so enthusiastic about bitcoin ...
(...)

i think you made the right decision.

Thanks for sharing. Honestly I feel bad for taking your story to reinforce my belief that the value of bitcoin will ultimately rise because it's simple mathematics really, the less things are getting made the more valuable they become. Hope you didn't panic sell all your bitcoins and held some until end of 2013, you've made almost 10x profits

don't worry, i held almost all my stash. and yes, i WOULD have made 10x profits if i would have sold on top. hodlers hodl i guess...

edit: typo

Topic: what should I do, I invested a lot - page 5. (Read 12515 times)