Bitcoin Forum

How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

Considering I've been intelligent and bought and will continue to stash up coins at the lows no I don't consider it the worst decision of my life, the problem is so many idiots went and bought into the rise without first waiting to see what would happen and if it would stabalise.

Now all your profits are belong to me :)

I'm sorry this did no work for you. I'm assuming you bought Bitcoin during the Mt'gox fake bubble and now BTC has not gone back up? Myself i purely reinvested all the BTC i bought and got and it is working very well for me.

I hope you can find a way to make BTC work for you...

The bank coins already have mass adoption.

Have you considered doubling down and bitcoin cost averaging your position? You said you're down 50%, you could lower that percentage by buying bitcoin now at the 50% discount. Here's some math to help you think it through...

Hypothetical Initial Purchase: 2 bitcoins at $500 each (since you said you're down 50% right now).

Additional Purchase Option 1): Buy 2 more bitcoins at $245, total cost of your position of 4 bitcoins is $1490 and your total cost per 'coin drops to $372.50.

Additional Purchase Option 2): Buy 4 more bitcoins at $245, total cost of your position of 6 bitcoins is $1980 and your total cost per 'coin drops to $330.

Additional Purchase Option 3): Buy 10 more bitcoins at $245, total cost of your position of 12 bitcoins is $3450 and your total cost per 'coin drops to $287.50.

The real question is - do you think bitcoin will go up in value in the future? If so, you should "double down" and drop your cost to a level that you can break even on faster.

The volatile price is a real problem for bitcoin. Potential adopters and bitcoiners are really concerned about that. No one wants to see the value of their portfolio is dropping as time goes. Investing in something cannot base on the confidence forever. Investors need to cash out their profits.

Every time I add to my Bitcoin stash I feel like it is one of the very best decision I can make in my life.

I bought bitcoins at a lower price than its price today so it's not something I would regret.

Also you could make profit with bitcoins at any price it is in. If you think it's a bad decision to invest inbitcoins then I think you must've done something wrong with it or maybe you didn't get hiw you can get profit with the coins.

Bad that happened to you, personally I'm so glad that I knew Bitcoin in my life.

When you start loosing faith on bitcoin you might feel that buying bitcoin was a worst decisions. Think positively. Nothing bad happened over bitcoin eco system. Now you get a chance to triple your bitcoins with the same amount. You will get a better average price finally. Hold your bitcoin. There is a bright future ahead  for you. Good luck.

I mean, a lot of people have lost money in bitcoin if they invested during the peak price point (which I'm assuming you did)... but if you believe in what bitcoin is and what it brings, then why do you feel like it's the worst decision ever? Unless you just invested in bitcoin as a stock, and not a new way to transact currency to anyone anywhere in the world.. then yeah, you lost a good bit.  But every time I learn more about cryptocurrencies and the new things that are coming out that are making transacting a lot easier, it makes me feel a lot better about investing more into it.

But if you are convinced that this whole thing is a sham.. then I suggest you cash out immediately.

So you bought BTC to get rich quick? Sorry that this didn't work for you.


For some of the people here, greed and weed is not the only reason to use bitcoin.

If you feel that way maybe it is best to just sell your coins, take your loss and be done with it. Just don't come back crying when you could've gained 100% or more on your initial investment next year.

My average buy in price is not too bad actually, and also, mining some altcoins like dogecoin in the early days covered some of my earlier high buy in losses.

this is why i never bought any, all done by investing my time, in the alt section+signature+general mining

i would have bought if i was an early adopter when btc was cheap, but right now no way, the future is too uncertain

Never buy at the top and everyone is talking about it.

At least not to hodl and hope the price rises.

Now for example would be a good time to buy because everything is quiet

Bankchain? Banks may use their own blockchains but they probably wont have coins and it wont have any effect on bitcoin because they'll just be used internally. If you believe in bitcoin you will need to hold your coins for several years. I'm thinking 5+ at least for big gains, but if you don't believe in bitcoin I suggest you cash out when you can and cut your losses.

i dont think so,if have a lot of money,its not worst. but i never bought some bitcoin because of that  ;D

sorry to hear. to me investing in bitcoin is paying off quite decent. i'm very happy to scoop up more coins if the price goes lower.

Worse decision of you WHOLE life? C'mon. Nobody is that boring.
Me, I'm still poking a toes in the waters of BTC, but its far form the WORSE decision in my whole life.
I mean once i enlisted in the military and didn't read the contract.
They didn't disclose everything in it anyways (or so i heard)

Well it certainly could be the worst mistake if you bankrupted yourself buying in at peak price and have now lost most your money. I think one guy on here sold his house to buy bitcoins though not sure how much he bought in at. Pretty sure op is just a troll though.

Well i have lost all my money. I have been homeless. And those weren't even the worse experiences in my life. In fact they made me better.

OP, If you still consider it the worse decision of your life, please consider adding different dimensions to said life. A life based strictly on financial accomplishment is very flat, colorless, and boring.

additional problems are:

+ they dont understand it
+ they dont have patience
+ they dont want to learn
+ they think it is a get rich quick scheme


these people can buy anything and will always lose.

I don't think buying Bitcoins was worst decision.I am fully satisfied and willing to buy more whenever I can.If you referred at price and lost little bit it was your lack of knowledge as trader.Bitcoin is and will always be core digital currency after what we will have digital currencies in future.

Absolutely. when people do not have faith nor patience will speak like worst decision on bitcoin investment. More over people would find the price fall with any share or bond. We need to understand what is bitcoin and what are it's possibilities when we adopt earlier.

i did lose money buying btc but made it back mining and trading alts, don't regret it as its useful to have around for buying stuff like steroids that you cant use paypal for and who knows maybe it goes to 10k someday, at least it should go up nearer the halving, would be buying more if i had spare money lying around

I am sorry to hear your experience and I though you are not alone. I was not going to buy Bitcoins directly, I was mining them. The first Miner I purchased was payed easily and from that time I put only Bitcoins back. I am not happy about price of BTC failling, but I do not need to consider it too much.

I feel that I must say this

Reading this topic was the worst decision of my life.

If this was one of the people who bought Bitcoin when it was between $1 and $100, they would have posted the opposite of this. It's just bad timing and bad luck for most of the late adopters. Getting impatient will not grow your investment. I have shares performing worst than what you lost on your Bitcoin investment.

Put on your Big boy pants, and work on improving the whole Bitcoin community, but waiting for the price to increase will just frustrate you more.

I feel how you feel OP, but it's your sole responsibility that you got in at the time of the bubble.

I'll give you an example. I entered Bitcoin space when one coin was $1,100. For me that was just too expensive to pay for 1 BTC. So I decided to get 0.25 BTCs and to start trading. Believe it or not, I was at 10 BTCs mark after 6 months. Granted that's impossible at the moment since all of the volatility and hype about shit coins is gone. I have also managed to lower my entry price and it's $55 for a moment in average for 1 BTC.

Now not too sound too harsh, I believe that 1 BTC will be worth 1 day much more that what you paid for, $500. So just keep holding. We will get there.

Of course if you haven't invested money that you need at the moment. If you have done that, then you weren't supposed to invest at all.

Yes, I think of that too. At first I wanted to say "sorry OP", but then I realized you, OP, you lost nothing! Just wait couple of months, don't sell your coins now and you'll be ok.

The halving in 2016 will do the job. :)

Cult really?

We are here to discuss informative and rational decisions, you dont see any of that in a cult, its not like we worship anybody here.

I think if you hold on tight you will recover your money, but if you sell now then you only admit defeat. Sure its not easy to see a 50% drawdown (i`m at -20% now), but one day our day will come too :)

You only loose when you sell just keep holding little more and you will not say anymore that buying bitcoin was worst decision.This types of feelings come when you expect to get rich over the night in anything.Bitcoin will change your opinion in coming months.Bitcoin had almost stable price throughout the year you can not be in big losses in my opinion.I would say opposite to you that I did good to enter in Bitcoin's universe.

Seems like OP is really just angry at himself and shifting the blame now onto the Bitcoin community. As if anyone made him drink the kool-aid...

??

knowing about bitcoin and buying it was (not the best decision) but a good one and i have no regret so far.
bitcoin is an investment so i made a decision about how much to invest, when to sell and how much loss i can sustain.
no investment is easy , and they will all have risks involved with them. so losing money shouldn't be a reason for you to blame bitcoin or say it is worthless.
learn to learn from your mistakes.

Anything can happen, you should know this before you invest. You might lose it all.

Still, nothing ventured nothing gained.

I've lost big in btc too. I bought low but got greedy and invested in securities which bit me in the ass. I've also been hacked. All in all I could have made a fortune but I managed to simply lose a few thousand dollars.

That's the way the cookie crumbles. Don't dwell on it. It's not worth it

Exactly. Investment comes with risk. People who do not understand that basic principle should not invest at all, especially not so much that they get depressed in case of a bad outcome.

If you ask me, investing in Bitcoin just for speculative purposes - that means for gaining "fiat value" - should not be rewarded at all. These kind of speculators would jump on any asset that has sufficient volatility. It's basically gambling.

Apart from that, judging by the quality of OP's other posts, this thread might as well just be good old plain trolling.

ya.ya.yo!

im sorry youve lost money with bitcoin but ultimately u choose to buy in at a high price and it was your decision that made you lose money. someone else choose to buy low and sell at the higher price and now has your price. bitcoin has both the positives and the negatives. you just have to be smart about what u get.

i brought some bitcoins at the time of start of the bitcoin xt drama and bitcoin price dump, so far i have made good ROI.

Same here. I only bought about half a Bitcoin to invest on a HYP site, got about 10 days of profit and selled it back for cash (I was blessed by God the ponzi did not break that time). All other has been earned through signature+faucet+zapchain

nobody should invest into something a few nerds (the developpers) have control over.
They could change the coins count to more than 21 millions, its just a number in the code.
The consensus ? consensus from who  ;D , the consensus is biaised since a party owns the two main media of bitcoin.
Forget about it, bitcoin is too easily manipulated by MAN

Buy bitcoin at capitulation. Everybody think's they're geniuses buying the top.

So far I have lost more in credit card theft, than what I invested in Bitcoin. Same can be said for people using PayPal {charge backs} and other high risk investments. I cannot see

why OP says he lost 50% of his investment... Nobody knows where this might be going.. If you decide to hodl and the Bitcoin price sky rocket to the Moon, you would thank us for

the advice we {The cult} gave you today.  ::)

Why can it not be used as both? A currency whos value rises over time like a defaltionary currency should would be a great thing for everyone.

It depends,i never bought bitcoin so i can't say but i do know that if you bought bitcoin when it was around 600$ to 1000$,then i can understand your situation and loss but the best thing you can do now is hold and hold till it again will cross 1000$ mark and believe me it will in the near future,may be next year during halving...Anyway's you should not buy bitcoin when you feel that way..Bitcoin is still investment and investment in anything involves risk..Don't do it if you can't take Risk ;)

Your never lose unless you start selling , that's the golden rule .
So you should keep them until the price goes up instead of selling them and if you bought them high and u wanted to re-sell then you should knwo that bitcoin is a long term investment and it doesn't work like that & to answer your question I like bitcoin and I never regret buying (even if I didn't buy that much) .

I'm not quite so sure about the price rising due to the halvening... but there's another thread for that.  It's all up for speculation though, and if you don't see that bitcoins have no future... then I would just mainly suggest that you take your medicine and suck up the 50% of your investment you have left and just return using fiat for money.

It sounds to me like you're someone who just recently got into bitcoin and you're bitter about not being able to reap the "early adopter" benefits.
You can't buy bitcoin with 50% of your fiat while it's peaking at 20x the highest price it's ever seen, obviously artificially inflated and then expect no market compensation ?

Of course there's going to be price compensation after 2000% price increase over a 1-week period.

Sorry to hear about your disappointment. Sounds like you made a classic bitcoin mistake and thought of it as an "investment" of some sort. Bitcoin is money and that is all. If you had bought some then spent it in a purchase, you would have seen that bitcoin is the fastest, safest, and cheapest way to send money. The idea of using it as investment vehicle was never part of the white paper and, while you can treat it as an investment, it is very poor choice.

Again bitcoin is money. If you gamble it away, lose it without backing up, join a scam, or lose it investing; that is not a bitcoin problem. Just spend it and you will see what all the talk is about.

Wow! I suggest you quit whining and take the situation how it is.I know guys who bought over 20 bitcoins when price was around $800.They don't cry. And they still have their coins.Because they really believe in the success and wanna wait for breakthrough.
If you can not handle your situation better sell your stash and leave the Bitcoin scene. In 5 years when price is higher 4000 digits do me a favour and don't come here and tell us it was your worst decision of your life to sell your coins.
Man up buddy! Others are having hard times as well. Make a decision and live with it.

Previously when Bitcoin was around $1000 per coin I spent about $70 on 0.07BTC. I lost out significantly due to exchange prices, however I do not regret it.
Why? That $70 was spent on something I was interested in and made me happy. Currently, I don't care about money enough to consider that a loss.

This is exactly my point, if you are holding bitcoins to make a profit and you wait until they're at their peak to purchase them.. That's just slow and selfish.
Rather you should purchase bitcoins as you have the ability to, or if you'd like to purchase something that would be entertaining/pleasing to yourself.

You either should buy and hold bitcoin because you love it and have faith in the future of it, or you should be using it freely and actively.
Never dump most of your net-worth into something you're uneducated in OP :P

Sorry that buying Bitcoin doesn't work for you, but you haven't to generalize your problem , the things works depending in the prices, and the prices are variable , get up and down every second, and no one can guess exactly the coming prices , so you can hold your Bitcoin and wait for the right moment to sell it if you like

I paid too much for my BTC, and I'm sitting on an unrealized loss, but I'm planning to hodl for a looooooong time.

I never bought BTC looking for a short term profit.  I bought it because of a long term vision and I wasn't
going to miss out on a once in a lifetime opportunity, even if it meant overpaying. 

I'm fine with it.

Sounds like you are upset in your investment decision, but if you bought it for the short term, you should
not have let it go against you 50%.  And if you bought it for the long term, you should be holding and
not worrying about it.

I think if you buy now, in the medium to long term you will probably do just fine.

Things can get alot worse before they get better.. But you're probably right.

I don't think that buying Bitcoins was/is worst decision of my life, i've invested only small amount of money though and have earned a few.
OP add a poll maybe lol

You aren't the only one.  I luckily did not purchase any coins back then.  I figured the price was jumped up and it wasn't quite real.  Unfortunately you only have a couple options now.  You can wait it out and keep those coins in storage and hope for a positive return.  Or you can sell and cut your losses.  Either way you are gambling.

While this suggestion may be correct at this point in time.... remember that those who followed this advice in 2014 (and it was indeed very common advice) exacerbated their bad investment position. They are now much worse off.

I would just wait it out. It sucks to wake up every morning with that bad taste in your mouth, but imagine if OP sells it for a loss, and in 6 months the price skyrockets to a $1,000 again.

I would rather lose all of my investment then sell to cut my loses at the moment and then live with another bad taste in my mouth if one day Bitcoin makes a run again.

Only a trader will understand what you said. No point in saying this to a get rich quick kid.

I absolutely don't think that it was a bad decision at all and I think you must have bought it because you saw the early adopters make some nice money and you thought this would be another get rich scheme and it didn't work out. For me it's a great new technology and being a part of it is a privilege, I have bought before and if my pocket allows me and I will buy again in future but I am not going to ask you to change your mind, it's your money, do whatever you wish to, like I am doing with mine. Who's right/wrong, the future will tell.

This alone says all about you.

Reason you jumped on this is so you want to get rich quick. You're just clueless about monetary and fundamentals.


Btw, you're already using bank coins , idiot

I think that Bitcoin should be bought only if you are prepared to hold on it for the next 5-7 years.

+1. The most important technology after invention of Internet, that has huge financial and social implications can't fail. There's first-mover advantage. Be patient, when this fake fairy fiat tale starts to fall apart, that's when Bitcoin will really start to shine. 10K USD/BTC is most few years away IMO.

There's so many ways to respond to this. I don't think purchasing Bitcoin was the worst decision of my life. The worst decision was not buying in when it was $40 a coin. You haven't lost any money until you cash out honestly, if you're already that far down I would just ride it out. This only applies if you followed the first rule of investing in a highly speculative asset: don't invest more than you can afford to lose. I treat my coins like lottery tickets. It could be my ticket to retirement, or end up in the trash, only time will tell.

Now ALL your profits belong to me..... sigh, why so happy about someone else his misfortune, also, ALL your profits, we're talking to a regular miljonair over here  ::)

I understand your situation. Or at least I can understand someone who wanted to earn doing in investment and seeing that the investment did not go in the desired way. I had such situation in my life. Fortunately I bought my bitcoins (all those which have bought) at a better price like that the actual and I am about +50% in profit if I sell those in this moment. So my words would be misinterpreted by you. We are not in the same situation and you can tell that my below words are told because I am in profit. Anyhow I will tell those.

You are in loss. But you will feel better for sure if, at the same time, you will have FAITH. Faith in bitcoin as the first and the best known materialization of the disruptive technology peer to peer from which was invented. This technology is attracting day by day the attention of the best scientist of the world and even the attention of important Governments and Monetary Authorities such USA, England, Russia etc. which want to use it. I can give links with articles which testify that these countries are studying this technology with the aim to use it. Or you can find those yourself doing a simple search in internet with google.

The faith will help you to believe in more better situation of bitcoin.

The technology and the big and increasing interest about it will give you the hope that it will not leave that its "first child" go in vain.

Believing and hoping you will find yourself in a totally different situation. At least you will not think more that the bought of your bitcoins was not the worst decision of your life.

Forget your bitcoins in their wallet, wait, believe and hope and maybe the bought of bitcoins one day will become the best decision of your life.

Lets see , bitcoin fundamentals have only got better over time, and yet price has fallen until the beginning of this year where we have entered a long side ways channel. I think now if ever is the best time to buy if you're investing.

Secondly, investing shouldn't be about looking at short term gains, if that were the case, you would have cut your losses or hedged your way down.

Why would you buy without the ability to hold for +10 years..

To me Bitcoin is the best investment of my life. In the years I have traded Bitcoin it made me a good profit. I used to trade stocks and that gave me around 10% profit per year. Bitcoin trading made me this current year already around 60% profit, and the year isn't over yet.

I got myself involved in bitcoin not because I look upon it as a quick way to make big bucks or to treat it as any form of investment, but more towards a hobby. What got me attracted in the first place is perhaps because it is free from being controlled by banks or anyone else for that matter. And if you are thinking towards that direction, I think things will sure turn out different.

Buddy, just wait until the halfing.

The price will most likely rise during that time and you will make your money back plus some extra.

I have never bought weed with my coins, never bought weed period, though it is freely available here.
For my Coins I did not spend any fiat. Did buy me some pizza and whisky with my hard earned coins.

Stepping into an investment a bit too late and ill informed is always a big mistake. You cannot blame bitcoin for that. Bitcoin is not just for investing and HODLing. It is the basis of the cryptocurrency revolution. You have invested in that, you brought change to the world, so be happy with that idea in mind!

I have tried not to put so much of my money (fiat) into bitcoin so far and I have only earned my coins through doing different jobs and investments. but one thing is for sure and that is I am not regretting my decision of entering bitcoin and putting my precious time on it.

it has ups and downs and it is an early technology, that's right but it also has lots of potential and room to grow so I see a bright future for my decision.

buying bitcoin was a pretty good decision for me, actually ive been trading bitcoin for a while now and ive made about 0.3 bitcoins with trading

Buy high and sell low is the way to ruin for any kind of investments, it has nothing to do with bitcoin

i wanted to get into trading a while ago, but i just coudnt i had to watch the price around every hour to see if it went up. stressed out so much that i might lose money. it just wasnt for me. gratz on making a profit by trading tho, i imagine it mustve been hard

For me personally there are 0 negative effects using bitcoin, including buying them, and selling.

A cult....?

I must inform you that we bitcoiners do believe we are promoting a currency that is very efficient to the progression of financial freedom.

That provides further support for my hypothesis, that the most aggressive proponents of the Hearndresen-altcoin and bigger-blocks-no-matter-how suffer from investing too much during the last bubble and are now desperately supporting any measure that might lead to a quick increase in the fiat value of their holdings.

So my prediction is that once the Bitcoin/fiat-exchange ratio rises despite the failed hostile fork attempt, these people will become more reasonable in judgement, because they will no longer be under the influence of big unrealized losses.


Stopping to lie to oneself is the first step in becoming a successful investor.

ya.ya.yo!

Me either.
People who are not bitcoin users always think that it is for weed and guns on the "darknet". They just pick the use case that is most shocking and go with that. No one ever talks about how I buy socks with my bitcoin, but I do.

Apart from that bitcoin's 2 most widely legal use would be: gambling & porn.

I think we need a PR team to emphasize on that, otherwise the media will demonize bitcoin further.

lol, Since it is an obvious use case that may well be true. But I have never bought those either. I buy the same stuff I used to buy with a credit card. The last things I bought were kitchen cabinet pulls and a camera bag. Not very interesting compared to drugs, porn, and gambling.

I've never sold anything, I'm a long term HODLER. If you add up what I've spent from the very beginning of my investment then I'm down but I haven't sold anything so technically I've lost nothing.

You need to have patience, money doesn't often come easily. You need to work hard for it or in this case have a lot of patience.

What if bitcoin goes to 5-10k USD in 10-15 years & you look back to the point you gave up?
If you have to sell some then do it, but don't sell everything because you may seriously regret it.

You should have not invested more money than you could lose. You should had gotten more information about   bitcoin so you could predict that the price would fall.

Well, if you look to any other bubble in any kind of investment, even the stock market, it is completely normal to lose -50% if you invest at the wrong time.

Well, as any investment, it may go down. BTC is a very volatile "thing/e-currency" and you should not invest what you are not prepared to lose(old quote) :)

You lost. That's it. Move forward. There are many other places where you can invest. Learn the lesson and move...
I know people who lost over 200K when MTgox went down. I mean, they bought BTC with "cash"(bank wire) with X amount and the price went down  and they had X-50% in a matter of one day.

Thank you for the encouragement. I think I'm going to buy a little more in a couple of weeks.

 :D

everybody makes what they with their cash :)

good luck !  ;D

Buy Mintcoin it is set to replace Bitcoin soon.

Just another burnt investor who didn't made some money out of bitcoin, probably because op kept on buying when the price is rising. No, I don't and I won't consider bitcoin as a worst decision, specifically because I started with none and just bought coins during their lows. Whatever happened to your money is your fault, not bitcoin's. No one promised you that you'll get steady income out of it; it's your decision to buy it.

I also bought some coins when the price was high. +/- $400 Since then the price averaged around $200 - $250. I then saw this trend and bought when the price dropped to $200 and sold when it reached $250 < My profit = $50 give or take a couple of fees > So my loss is now less and I can once again buy when the price goes to $200 again, and repeat the process until I have made up my losses on the first $400 purchase.

Or I can wait until it reach $400 or $500 or $800 for that matter, but I chose to reduce my loss and to increase my profit. You have this option, wait or re-invest and work away the loss until you return your investment or possibly double it. 

Seriously, buying Bitcoin is the worst decision?
I think no, the worst decision is when you buy a Bitcoin when the price is high.
But if you buy it when the price goes down, I believe you'll happy with it.

I haven't buy a bitcoin yet so I dont know how this feels. But how about starting again and for now no more buying just earning.

That way even if you use that bitcoin you will feel that it is yours. Your money that have been paid for hard work.

Nobody is forcing you to be here OP nobody is forcing you to use bitcoin.  I smell fear from you and others.... bitcoin is in place for taking over significant parts of the world economy in the future.

I'm with you there buddy. Feels like I'm buying winning lottery tickets.

If bitcoin -> moon, the intellectual satisfaction of being right when everyone around us (even many bitcoiners) thought we were crazy will be overwhelmingly awesome.

What does mean high and what does mean down? :)

Please define that. Thanks !  ;D

it usually means that they have bought bitcoin when the price was "high" at $1000-1200 and everybody was hyped up and there were talking about moon and 10K per BTC

and held on until price was as ("down") low as $200 and sold with big losses and they are kicking themselves for their thought-less decisions :D

I was referring to what does mean "high" or "down" in terms of price. How do you know when it's low or high? :)

Buying bitcoin was bad decision because of what exactly? You expected probably that bitcoin price will explode and soon it will reach $1000 or even more.
When  that did not happen you started to become angry and sad? And you buy bitcoin because someone promised you fast money? I don't think so.
You buy it because of your greed, so please don't blame bitcoin for that.

Interesting thing the sentence in bold. I have to much time with bitcoin but yet am able to find factors that can be studied and that can give indications about the movement of the price of bitcoin. Can you give some and how can be studied? I think that not every me but everyone can be interested about this thing.

Well, just sit it up and hold until the price goes high again, and either keep holding or sell if you are too paranoid. If what you want is a get rich quick scheme that train sailed and it did 3 years ago. Now, to get rich with Bitcoin will need a good 5 to 10 years of holding and accumulating as much as possible which means the current price is simply perfect for long term visionaries.

So the only factor that can help me is to sit and to follow the price of bitcoin. Without eating and sleeping. And that was three years ago. Now the factors are changed and are only to wait 5 to 10 years. Very useful all those knowledges. A little hard to understand all but I will try. Anyhow now everyone know how to earn from the their bitcoins.  ;)

So what, you're blaming this community for being an impediment on Bitcoin's adoption to the mainstream?  Really?  Is that what you really think?  I can't decide if you're an idiot or a retard.

You also blame this community for your losses, because you buy and hold something that is traded in a public exchange.  Look in the mirror, that's who's fault it is.  Better learn to trade kid because your losses are just gonna get bigger.

Investing in currency is just speculation. It didnt worked for OP, but obviously every currency exchange rate cannot improve... At least you hold trusted currency because Bitcoin has fully public ledger, no superuser created new Bitcoins and sold it to the unsuspecting ones as might easily happen with fiat in their not public ledger :)

Bitcoin never was cult for me, only business and I act according to it:)
I didn't invest much money here,m I mostly earned my bitcoin in free ways, and some of this funds I already invested in other business opportunities.
Rest of funds I keeping in my wallet with hope that its value will increase eventually.
I can wait and in the meantime I'm working on my other businesses :)

I decided what I was comfortable with and went in with that amount. My sympathy for anyone who didn't is limited. No one's got a clue where this is headed and if you listen to anyone who thinks they do then you both need a slap

Buying/Selling bitcoin should be viewed as buying/selling any other commodity investment.  Be it gold, oil, corn or bitcoin the rules of supply/demand and popularity apply.  To the OP if you want to trade in Bitcoin start be finding out who the best commodity traders are and read everything they have to say.

Exactly, go with your gut feeling and if you think it's going to rise up in value over the short period of time (if you want to marginal trade on bitcoin), awesome... but if you don't think so, don't buy it... it's as simple as that.  As for me, I tend to make that decision every day for my self.  I see what new innovations are being made that might help out bitcoin in the long run and I go for a bigger purchase to hold; no matter if it starts to dip in price.  But for me thinking that a couple of coins might make it big time in the future, I purchase a mixture of them when I have extra funds.  But for now, I just sit back relax.. and when I have time to post on the forum, make some extra funds to hold on to with the sig campaign.

the commodities are regulated, BTC is not and that's why you can be cheated very easy. :)

How much did you pay for your first bitcoin?


https://bitcointalk.org/index.php?topic=1102808.msg11738607#msg11738607
How much do you make, trading every week ?


how much do you make, trading every week ?


The OP of this thread was ridery99's last post. Any questions? In case there are...

Re: Worst mistake you did with Bitcoin?

Nothing wrong with buying weed :)

Lol  "a worst decision of my life"


Learn some english sissy boy

If it spreads to every druggist in the known universe then it looks like we're only stuck with several hundred million potential users. Quel dommage.

You are correct. TO the BONG!

Wtf?

Buying Bitcoin was your worst decision of your life?  Well, I know one thing about you. You've never been married. lol

Let me raise that to married with kids.... some are lucky though and it works out great, must be like 3%er.

you made me laught xD.


about to the main OP, i must say that maybe you dont understand the risk or how the trading world works, let me ask you something in a possible future scenario:

if after the halving comes and the price grow up x2 or x3, purchasing bitcoins will be the best decision of your life?

not because you lost money with bitcoin means bitcoins is a bad decision ;)

btw im so sorry about that you lost money.

That is a pure positive comment. I love it. Now I am all boost up to work more. Thank you for that man. I hope the one who started this is reading your comment now.

This made me laugh.  True...to true.

When I first found bitcoin, it was just play money (no value). Had some fun trading for bits. Paid nothing for them. A year or 2 later, the value went up to a dollar (1 bitcoin = 1 usd). Then another 1 or 2 years, imagine my shock when I heard the news about bitcoin. I was like, "Wait, don't I know this 'bitcoin'?". I went digging in my computer files and found the bitcoin folder with the wallet. I was shocked at how many bits I have collected.

You sir are a genius. :) Math is truly beautiful, I am going to tell that to all my friends now that bought in at 600-700€ a piece, that either buy more or sell it and cry about it later. :)

I lost coin on Mt. Gox but that hasn't deterred me from bitcoin, I strongly support it still and will for the foreseeable future.

I'm very new to Bitcoin and I'm so glad to hear some people still support it even with all the ups, downs and scams. On the other hand, I understand OP position, we are all in the same boat, Bitcoin can be worth thousands or nothing in the next years. With other investments, you can lose money, but there's a least a natural course of action. With Bitcoin we never know and that's both terrifying and awesome!

Then be prepared to lose and don't come to forums for whining if this thing will happen. Many people are doing that without common sense and shame.

They know that Bitcoin is a niche market full of scammers, black market, speculative trading;  they want to make money overnight but if they lose, it's the end of the world :)

There are ups, downs and scams with pretty much everything you do in life. Whenever you hand someone $ you have to absolutely sure of their qualifications, reviews and experience. It's dog-eat-dog in these stretching and newly-budding financial markets. Bitcoin has been doing a good-job of weeding out those who don't truly follow the zeitgeist and IMO is moving in an extremely positive direction.

Man, I haven't heard anyone mention the Zeitgeist in a long time.. lol, well it's funny, people sometimes loose concentration on a purpose.. rather they focus solely on the here and now, not about the distant future of a better tomorrow.

I always smile when people even understand what I'm talking about after the mention of zeitgeist hahaha. We have been consistently moving towards a stronger protocol and a more valuable bitcoin.

People are only focused on "I bought 10 bitcoins at $1,000 each and now they're down 80%!", but in reality you heard about bitcoins years too late and you don't even fundamentally understand where they're headed or why they exist so you probably should've avoided purchasing them uninformed in the first place. :P

Weren't there like 3 other "Zeitgeist" films and things people were trying to include?  I remember only really diving in deep on the 1st one, and then after that didn't really look to more in it, but since it's the weekend, I might as well try to look all that stuff again to pump me up about the bitcoin pump ::)

There is a vast sea of zeitgeist mumbo-jumbo these days as many big-companies and even independent film-makers have jumped on the band-wagon! Definitely a fun weekend to just spend it getting hyped on Bitcoin films/stories. That's what I'm doing while I'm working ::)

when ceasar presented the coin to jesus only 100 years after become stable

Well it's ok, you can still find some comfort knowing that your missing funds have been relocated to someone else's pockets  :D  It's all part of the game, you win some you lose some. You need to lose some for others to be able to win some. In the immortal words of Kurt Cobain "Her milk is my shit, my shit is her milk"  :)

What an ObscureBean you are. You must be a glass half-full kind of person because I can't feel anything except for resent, contempt and frustration when I think about how badly I could've used the money that's sitting in another's pocket ;)

If the OP is smart enough just to hold long enough I am sure he will get his money back and even make some profits. This is the future guys and I am definitely sure that in about 5 years, price will be much higher than just $500 where the OP got into.

Mark my words, this will happen!

5 years = $500? Psshh... please. Try $5,000 ... There have just been way too many good breakthroughs for bitcoin the last couple of months while the prices where dropping.  People and businesses have been innovating the way to invest and use bitcoins... there will be no major downturn in price ever again.

Well most of those who bought in that range are driven by emotions and lack of careful analysis on the matter. It's really a big help if you weigh your choices first before you decide. As I see it, everyone expects the halving to create a significant push in price. I hope so, so I can sell some and buy back again cheap! :)

To op, don't lose hope. Some even sold their houses and went all in to bitcoin. :)

Haha, yes this... If you think about what people did to get bitcoins back in like 2012, 2013, 2014  it would make your head spin and cringe.  People have lost so much money when the hype took them to $800+ ... but hopefully the people who bought in at that price point didn't dump all there bitcoins back out at say like $300 when it was coming back down hard.  I can't imagine what the guy feels like that sold his house... lol I would be so pissed.

well prices are slowly climbing back up now so that should cheer you up. Try not to buy bitcoin when you feel like its doing good because at that point the price is most likely at the peak, a good time to buy bitcoin would have been around a week ago when the price was around ~240usd.
anyways i hope your loss diminishes and you don't think of bitcoin as a "life ruiner"

I've never bought a new car - they depreciate 50% over their first 3 years, and about 10% on leaving the showroom - but if I had I reckon that would have been the worst decision of my life !!

Re. investing - best you can do is manage the risk and hope you're up when you need to cash in.

Bitcoin, for me, is a little different, say, to investing in shares/funds/assets - cos I actually believe in its utopian potential.

So I'll be holding and spending BTC.


ps. regarding the "cult" aspect of this forum/bitcoin. I know what you are saying - but then again just about any shared interest could be likewise defined. My general opinion is that this forum is a broad church. The yanks manner takes a bit of getting used to for a small town Brit like myself - christ you'd think they invented the fucking thing to here some of them talk  ;) -  but some of them (a few) are,actually, clever fuckers. They just need to understand 1) Satoshi was English  and 2) we wrote the book on Empire - and ours lasted considerably longer than theirs has. And ours actually gave something back  8)

   Approach everything here with scepticism and assume everyone is on the make - that notwithstanding there's a lot to be gleaned here from quite a few smart people. I still come here anyhow, in spite of everything.

I am new in this bitcoin world. Actually, I don't know what strategies should I need to use so that I will not experience what did you experienced.
Anyway, I hope you may find a way to work the bitcoin with you.
Just don't give up and try to believe again in bitcoin.

I'm still in profit :)
Bought when bitcoin was around 100 euro.
Sold some when they were at 1000 euro and kept the rest.

Pretty good decisions in my opinion.

To be honest, Bitcoin isn't particularly mature and is very volatile with all the unfinished regulations and unknown stance on what the governments would take. Only invest what you can afford to lose and keep a reserve for yourself to spend.

I think if you are really interested in Bitcoin just try to get 1 BTC like many of us are after. If it really works there's a great chance it will be VERY valuable. To me that's a long shot, in 5-10 years a more realistic view would be that it would be valuable around to the equivalent of today's $500-1000, and that's fine by me.

If you are wealthy enough of course you can get 10-100 BTC now, if that's something you won't really miss. The chance that Bitcoin vanishes in the next years or cost next to nothing is a real one.

The price will rise again as it always does don't worry

That's nice and useful advice, i think also that choosing the right time to buy Bitcoins can really minimize the risks, if we plan to trade it or exchange with fiat

I love bitcoin; however, I totally agree with your statement about the cultish nature of the community.  I call it the "Gollum Affect."  As Gollum would say, "My precious! My precious!  Must have my precious!"

I ever thought or consider bitcoin as a worst decision I ever made because bitcoin somewhat helped me when i'm short with money and it opened more opportunities to earn a side income in this site.

Same thoughts I too have. Even I also have bought some bitcoin when it was priced above $1100. But I still hold them for my life. All my bitcoin earnings are for my life not just for a price raise to sell to see the profits. Those who believe in bitcoin will accept my intentions.

I don't think crypto currencies is the right thing for you.
There is nog guarantee you make money, you can lose it also.Please be patient or just sell them.

it is funny that this topic was started as the price started to go up after such a long time. and it has grown nearly fifty dollars in that time.
OP should seriously make more of these topics, so we can go up to the moon :)

Here is a positive reaction. Oh great!! Side income and more opportunities. That is what we all want. I guess he just bought the bitcoin and let it stay in his bitcoin bank and thought it will grow. Even a tree needs to be watered and get sunlight to grow man. Patience and effort.

Well just like every other option bitcoin as money has bubbles and lows.
You need to think it as "exchanging local-foreign money".
So it is more dangerous than other foreign moneys but future is bright.
Noone will regret their investment on bitcoin. See you in 5 years.

Even though many people say is not worth if you invest in bitcoin, i was thinking what they said it's wrong. Perhaps now price bitcoin still low but bitcoin will increase more then now, soon.

Bitcoin is zero-sum; for every winner, there's a loser. Bitcoin  needs suckers like you. Thank you for supporting Bitcoin.

Yes who are all thinking bitcoin investment as worst decisions, they all will feel like a best decision in life. Yes, there is a point of changing our thoughts when bitcoin hit higher prices. In 2016 the worst decisions would be praised as one of the most wisest decisions of your life time.

you're the winner i guess, that sum zero game is also true in everything in our real life, hell RL itself is a zero-sum game

it's how life work, not everyone can succeed, what it bother me is this is true, even if, instead of 7B we were let's say 1k only...so it's not direct about overpopulation

This is because Bitcoin still is very new technology and not known or not well known by the ones who have heard or read about it.
New things always evoke scepticism and doubt.
But that is also the advantage for the brave ones who are willing to take the risk in early stages.These guys will get wealthy if the "new strange thing" should really go big and global.

Sorry to hear this.

It is going to be near impossible for banks to use or make a chain that anyone trusts, as the open source nature makes it hard to turn a profit for banks or govs to control.

further all the best devs are in BTC land, and unlikely to move.

to some extent converting to from BTC to Fiat, is not what BTC is about, rather its about the percentage of BTC you hold vs all btc ever and the implications of the activities around the ledger.

Actually FIAT is zero-sum, not so much BTC, as BTC carves out value representation from FIAT

I don't care about what Bitcoin's worth. Bitcoin will never grow if everyone looks how much it is worth fiat money. Maybe you're losing thousand dollars everyday because 1$ lose 0,00045€ value everyday, but does it hurt you ?

I think the exact opposite. Meeting with Bitcoin changed my life forever. Price can go up or down, but the fact is this technology gives me my financial freedom. I don't have to fear banks or government anymore. They can't seize my Bitcoins as easy as my bank account funds.

Well it's easy for you to say that when you didn't lose half of your investment. This however hurts quite a lot when it happens.

I know it's OP's fault that he got into this investment when Bitcoin was in a bubble, but however a bit of compassion is not bad to have and show.

Unfortunately, bitcoin is not even zero-sum.
Every day miners spend several hundreds thousands dollars for heating the air outside.
These money go outside the "bitcoin system" increasing the number of losers and decreasing the number of winners

numismatists?  ;D
all others think how much goods they can get with currency today and tomorrow.

I don't think bitcoin is neither a 'zero sum game' nor losers game. I doesn't matter if you are early adopter and bitcoin milionaire.
Or you are poor soul enticed by new opportunity. Bitcoin is still positive phenomenon. Don't blame bitcoin for your losses.

There are all kinds of fiat gurus talking about the collapse of fiat, and how it is imminent. These folks are connected to the investment world. When a collapse comes, it will hurt everyone. But the small people will be able to pick up the pieces and use fiat for trade. It's the investors and their dreams that will be hurt worst... or even destroyed.

Same with Bitcoin. When you buy for investment purposes, who knows what will happen? The thing to do is to use it for everyday buying and selling of the products that you need for everyday life. And if you can't do this because of Bitcoin's obscurity in an area, you have an already-made business sitting right there in front of you.

Get rich through working Bitcoin, not through investing in it, which is really trusting in the work of others, and skimming off the top. Work it by buying and selling everyday things of life with it. Run your business with it.

:)

Yea sure, so when you give a bitcoin service or create a bitcoin product, you are zero sum right?

So when you add value to the bitcoin economy, you are zero sum?

Gimme a break pal, bitcoin is a real currency, that has a real economy backing it, this is not 2013, bitcoin has already became a legitimate currency by now.

Interesting view point from a high ranking account.

Here are some more associations to ponder:

Sports is zero-sum; for every winner, there's a loser. Sports needs suckers like you. Thank you for supporting Sports.
Investing is zero-sum; for every winner, there's a loser. Investing needs suckers like you. Thank you for supporting Investments.
Evolution is zero-sum; for every winner, there's a loser. Evolution needs suckers like you. Thank you for supporting Evolution.

Really it comes down to where do u place ur trust, corrupt fiat currencies or a currency which cant be altered on an elite fews whims.

Only people who believe in the latter will realize Bitcoin's potential future and hold long term for it to become a reality. If it never does, oh well at least it was a belief in a system better than fiat cronies.

If bitcoin or crypto simply fades away because noone wanted to do anything with it then... its proof of the reality everyone loves being a slave to "thesystem"(fiatland).

Even if Bitcoin goes to 1 penny I will still not regret having been involved.  Given the underlying dynamics of the currency, the long term risk-reward ratio is incredibly lucrative.  I consider it to a 0 or $100,000k proposition.  Sure, something could replace Bitcoin or disrupt the network, but until then, I expect the long term fundamentals to continue driving the price upward.

just spend what you can afford. Don't speculate! realize that the price can go up in the future and it can go down as well

You gotta realize you are making several mistakes, so you can't blame anything yet though.  One- Don't buy in all in one thing, that is pretty much lesson number one of investing.  Two-  Just because you are down now doesn't mean you are for good, it could very well go back up. 

Right, don't put all your eggs in the same basket. But BTC could also be considered "eggs" so you should place those too. Just keeping it, is just hoping they will gain value, which is in itself, a single basket.

There are lot of thumb rules in portfolio management. The foremost rule is split the investment across many instruments so that the risks associated would be minimized. The two pints you have stated are most common in an investor's financila management when prices go up everything would be normal.

I just thought of something. Yes maybe he started when it is just starting. Give it a chance. It is just like work. You cannot be perfect at start you will need more knowledge and be trained by experience. Now it is getting stable. Perhaps he should go back.

Yes that is about investing in bitcoin in short term i think this is true, but if we plan to hold the bitcoins for long term period i think the prices will increase in some moment and can make the estimated profit

Yes with respect to bitcoin investments, the wrong decisions all would be turned into very much right decisions one day when the price of one bitcoin hit the price higher than your bought price. But the pleasing truth is, it is highly possible in very near future on the expectation of halving.

Well, the problem is... you bought them to hold. and the worst was you bought them at a bad time. You bought them when they were still pretty expensive and now you will have to wait if you want to see your other half of investment come back to your pocket. But don't dispair, if you hold them I'm pretty sure that the price will only go higher and higher from now on. You could see some retracements, and that's pretty a healthy event in any market. So, my advice is, hold them, hold them tight cause I really believe it will be possible for you will get at least double of your investment.

well a lot of people have bought bitcoins when they were on bigger price though its rate might still rise and i hope it will happen soon

Agree that he bought them up at a bad time.  Disagree with holding them.  It is rather foolish to purchase coins to do anything else but to hold them.  It is an investment or risk that you are trying to take.  Holding is the only way in the world for that to work.

Its been a while since i got into bitcoin and at first i bought Bitcoin to buy hardware. I bought Bitcoin at 600$ at some point, but i did not hold them, i reinvested them, so now i'm earning what i bought in coin at that time every other month.

I think holding Bitcoin before you're sure of its base value is a mistake, meanwhile if you double your Bitcoin every year through investments, you'll end up with so much more money in 10-20 years if bitcoin really go up than letting bitcoin sit, collecting virtual dust for all that time.

i know that,and also will happen to me if i bought bitcoin with my "hot" money  :D

Buying bitcoin is always not worst because if you have some patience then wait for a month or 2 months it may become some increases in your bitcoins. As i purchased 1 bitcoin when the bitcoin price rate is 211$ and now the bitcoin price is 271$ then just think how the bitcoin turns day to day.

Somehow he should have known what could happen. Dont expect too much of what you have. BE READY and be intelligent of what could happen. Stay positive.

But many people who have bought bitcoin in the range of $900 to $500 might need to wait more patiently for their buying rate at least. But in my opinion they must buy some more now so that they can get better average price. While selling also we should not sell at once.

I've already lose money, and more than the half ! Hopefully it was not a lot of money, so I have stayed here. This is why only invest what you can afford to lose. This is what I did and it worked fine for me. I didn't had to sell my car or my house to cover my debts. Just was sad a moment.

People place all their eggs into one basket and then think, why did I do that.  It wasn't buying Bitcoins that was a bad decision.  It was your lack of understanding that was bad.  You could have replaced this with any trend and you probably would have done the same thing.  Always have a plan when it comes to your money.

Btc/altcoins are all long-term bets.  bet for some future value of these things in the multi-year time frame

I guess it's the same when people (older than my generation) look at photos of themselves back in high school in the 70's and think, "Why the fuck did I wear those bell bottom jeans?", and of course, "Mutton Chops with a mullet? Wow, I really looked like a tool, how did I ever come to the conclusion of rocking that look?"

But then we get back to this question... what if it slowly but surely gets to the $1,000+ range again?  Will people just assume that the same bubble was/is formed and automatically cash out?

Well one thing is sure this person as others has bought bitcoin and stored it on the wallet,soo since bitcoin droped around 50%  he lost value,because he should had invested it as most had done,who were waiting to bitcoin to return the 1200 dollars without made any investement well are burning their pocket now for sure.

I don't know, i haven't really made much money off of bitcoin but I have had a lot of fun on the forums here with you guys and thats worth every penny I've spent on BTC and more. (Even the scamming douche bags)

Also i've collected some pretty cool SWAG over my time here, like bitcoin shirts, physical coins, and stuff like that. Also the negotiation and scam detection experience I've gathered over my time here has been priceless. So I'd say that even if I don't break even fiat wise I've more than gotten my moneys worth and profited in a way cooler way :D

Sorry for the soft ass rant there lol

I had bought some btc this year ,invested roi and converted into fiat,soo now ahead i collect my bitcoin from signatures and some others places,and i invest them all ,this wont make me rich but at the moment is the easy way to get an income without clicking ads,surfing websites or give my money to hyip admin soo bitcoin is changing my life to better these days.

Yep, I'd say this is the best way to generate an income for yourself, but the thread is more focused on dealing with the pain of buying at such a high price from earlier and losing half of your investments... But in general, with signatures, you could possibly make up for your loss... it'll take a lot of time, and effort... though in the long run you can make it back (and possibly even faster if you invest in the right places).

Just a side note of curiousity though... where do you invest?

now you'd regret more for not buying. who knows later btc will go up again ang maybe more than 1200.
If I have to money to invest, i night have bought thousands these days cause i believe btc will rise again now that more and more merchants online are accepting it.

Nice!  Yes, it has been really fun and exciting at times.  The educational value and experiences I've had dealing in crypto has been awesome.  Many people overlook how valuable the experience they've gained by being an early adopter really can be.  The way the world commerces is going digital and we're positioned to be the first to profit when the time is right.  Early bird gets the worm!!!! 

Planning to buy a new gpu for my rig so that I can mine altcoins better then exchange to bitcoins after. Bitcoin has definitely changed my life for the better, and I don't think that I would be better off without bitcoin, seeing that it has given me a lot of opportunities.

I wonder still people are ready to investing in making mining rigs. But that's the great effort if you can manage with electricity costs and other maintenance costs like pool fees. Long back itself I stopped mining and still my GPU sleeping in my racks.

Bitcoin has in many ways turned into a part-time hobby for me. You started out with GPU mining and you spend hours to perfect the rig and the cooling systems to maximize the profits. Then ASIC's came in and you had to start from scratch.

Most of this including cloud mining never returned your investment, but you kept on trying for that big break. It turned out to be a great hobby and a good story to tell. The experience is worth the ride.  8)

Same to me. Even I have a happy marriage. So it is not true.  :D But I laugh with all my hart with the above post.

Really nice. Yes for me I love being knowledgeable of what is happening in the online industry.That way you wont be left behind. Your not that genius about this kind of thing but you know something and that is cool for some people. then, how about the stories? i love readimg some stories of life here.

Well the bumped bitcoin happened in a short period and most people invested thinking on the 1000 dollars and above recover,if it had happen most of us would sell them to reach roi,as some users wanna just to roi and be able to earn more.Thats why with the current price is a good option to buy some more btc,and well the value in fiat should be something we should compare all the time,you invested fiat and you have the same ammount of bitcoin ,even with 50% less value its time to you to invest the bitcoins somewhere.

they would not accept BTC.
they be forced to accept because of the capital control of the FIAT system (chypre, greece, spain, portugal, italia).

they don't have choice when the time comes.

capital control is an other way to name the retirement extinction.
you can ont use any FIAT system to store you economies except ... an isolate one : Bitcoin Network.

I am new here but no Bitcoin was not a bad decision, wish I would had bought in at .07 back in 2009 when I was first introduced to it. I use BTC to make money not waiting for the increase in value, so it does not really matter about the fluctuation.

trust me man, if you can back in 2009 then you will tryin to buy as much as you can and being milliarder,and if you wanted to make money you need more than shitty 0.07, because 0.07 at 2009 is very LOW

Yes the 0,07 btc were cheap on that time and today would be worthing 30 dollars near,bitcoin mades several people rich from day to night without have to steal with programs well know as hyip and pyramid.And yes on the road some people invested and lost  money as other wons but in the end we all won.

OP thanks for buying my coins a while back. I rebought at $222. Thanks buddy.

I can't say it has ruined anything for me. I stayed away from the start saying this won't last because they were worth nothing at the time.
But now I am alright with it because it is innovation and why say anything against progress if it's in the right direction?

The early adopter that made bitcoins gets more interest,and later it reach another level,cant regret since they exchanged btc for fiat,later they could be pissed to miss the fortune they could had done with them.But the human eyes is a thing that we always will loose against it,several bought btc at 1200 as 600 and others value ,well bitcoin is going to make 7 years online and has a 300 dollars value,almost,soo for us early adopters we wont regret never since we have the price that several would like to had found before invest above the current price.

I would just like to say that cryptocurrency has taught me a plethora about hardware and how algorithms work. I have never bought a bitcoin, but I have gained $2.07 in BTC in the time that I have been mining altcoins with my laptop's GPU. It's a geeky hobby to me more than anything, but it's definitively something I would not regret, and I'm sorry that you do :/

I think you ve just expected to get rick quick, invested in some shady businesses, failed and not you blame Bitcoin.

Real investors are EXTREMELY patient. If you have no patience, then yes, I agree, crypto s not an industry for you.

I lost some bitcoin on trading at altcoins as some users usually do to try to boost their btc ammount,but i dont regret since before bitcoin i were earning around 10 dollars a month doing captchas,ptc and surfing... soo btc has changed the online industry for better.

Yes trading isn't guaranteed source as known there is small risk, but generally if someone have the enough needed experience in this domain, can make some profit by trading
Also i suggest you try to sell your goods and services for BTC , you can make more profit this way

I see bitcoin at the moment as an extra revenue i have no time to try sell some stuff online since it requires some dedication and work,my skills i use on the real job and isnt nothing of developing im a normal person who loves internet and games.

I bought once and the price went down too much.
That was my worst 'mistake' i would say.
But in your case i would think that you learned something and we should 'predict' if the price will go up or down.
For now bitcoin is only rising rapidly and it is going to reach soon $300.

It s going to reach 1k again, before the next halving. I dont see how buying BTC could have been the worst decision of his life. Unless he purchased those at $1200.

If buying BTC is the worst decision of his life, he has a pretty damn nice life!!!!!

Yes i think the price will continue increasing till the next halving coming on the summer. So i think holding Bitcoins nowadays is profitable idea. However we have to take care always and try to predict if the price will go up or down before buying bitcoin

If you bought when the price was really high ($1,000).
Then i think that it was the worst action by you and lots of us.
I hope one day you can make the ROI but it would take too much and does not worth.

Now buying BTC is a safe bet IMO. The price is rising and rising, and even if it goes a bit down it will inevitably rise to $500 in several months. But I wouldn't recommend anybody to invest all the money he has in anything even if it looks like a very wise dicision. The life  is unpredictable you know. )

I really think that you are 'betwrong' because the price can suddenly fall down too much
Everything that is increased will be decreased one day too.
But by this trend i also think that bitcoin price will be higher but the chances to fall down again are high too.

So when did you purchase the coins?  How much did you purchase them for?  Did you sell any of them yet?  How many do you have currently?  All these questions you should be asking yourself.  Bitcoin price seems to be on the rise and it might be good for you to actually invest more.

For me buying bitcoin not a worst decision of my life because i made huge profit from this as i have bought bitcoin at it is lowest price so i am in profit with my decision and much happy with it. ;D

This, I am still sort of kicking my butt, when Bitcoin was around $200 dollars I was really debating about purchasing some coins, however I thought it might go a little lower and waited, low and behold its now around $300 dollars and seems to be going up fast...I just can't pull the trigger

But I would recommend buying at this current price will get you huge profit unless making you regret in future. With respect to bitcoin every price is good price to buy. If you get a lower price to buy in future, then you can get a better average buying price then.

I think so too, i don't recommend to invest all our money to buy bitcoins even we are pretty sure that the prices will increase for sure soon. Always taking care worth and we can't exactly predict the future

Knowing that bitcoin can go high and down fast,make any huge investment here is a huge risk that may become a huge reward but shouldnt invest the savings from a life into it.The current price looks atractive but sometime ago we were at this level already and we went back to 200 dollars,on the time i thinked were the new version they tryed to make us believe.

Truth.  Many people on here will tell you too buy now, they were also saying the exact same thing when coins dropped to $500, $400 so you don't have to listen to them.  It is a tough call what will happen with this, I am hoping for the best though.

That is right. Do it at your own risk. There are a lot of investment out there that you can make. This is just one of your option. If you go down here maybe your other investment can skyrocket high. Just dont try to put the blame on what you risked yourself.

Well, it think he s got start thinking positively. After all, buying at higher price s not a problem as long as he decides to sell and acknowledges the loss.

So, just wait a bit more and dont sell. The price will be back to over $1k, I m quite sure about it.

Bitcoin can one day return to that value ,on that time the coin were pumped,as we know were easy ,the same thing that happens at altcoins.Maybe one day the bitcoin can cross but i may say im very happy with the current value if it stand for this ammount well i will be happy and if goes above very happy .

I believe the value will rise still it may not go up to 1K but pretty sure I'm be glad I'm obtaining bitcoin these days. And its never going to be one of the worse decision of my life. Perhaps I would regret for not gaining more.

I believe that at least once in the upcoming years the bitcoin price will reach again $1,000 as it was before.
To prove that the price can be even more higher that it was, and to make ROI at least for early holders.
Maybe buying at this time will become the worst action but who knows many things can affect the price.

Yup they will reach 1000$ once the reward per block gets halved.Still you cant say it for sure.The odds are pretty weak.
But there is one thing I am sure of that bitcoins won`t last for long.

If it reaches only once and never after that i think that would be shortly.
The halving period last time didn't change the bitcoin price.
But in the next one i think the price will be changed within few weeks when some miners will be shut down.

Being part of this small community of bitcoin,compared to all people online,im glad with the current value and bitcoin has much more potencial to be show to those who dont wanna know about it.

If price increases in the coming weeks, only a few small miners would shut their machines off for good which cannot get some profits for their operations. If it decreases, then expect many other miners shutting down their machines too. Theoretically, halving of the mined supply means price increase, but that doesn't seem to hold true in bitcoin in all cases.

Wasn't it the gox bot that was pumping it to no end though? Combined with the chinese I guess, but who knows really.

Anyway, I really get annoyed at people who say "btc had its ATH, it will never go close to that again".

Right, btc jumped 4-5 times in it's history, and with the adoption lately and technology making btc easier to use, what's there to stop it really? More and more people are gonna wanna use it in the future and there are gonna be less and less coins to spread around.

Holding will be the way to go, I just wish I could invest it and let it grow over the years but it doesn't seem that easy to get your hands on miners.

Openbazar will be another great project that may bring a huge interest into bitcoin and make bitcoin transactions getting bigger,as some people are holding their bitcoins since there isnt a good place to spend them safety and being able to buy anything.

I think bitcoin will forever encourage savers vs spenders.

Savers are more responsible people and saving is what creates wealth , not spending.

Well bitcoin gives the full power to the people,takes the control out of the country and those politicians,that wanna steal our money.Bitcoin has got more 100 dollars of value on this week and can achieve high value on the nexts years,soo for some is just investment and they bought and sold bitcoins.

I am happy that I came to know this forum and bitcoin.Luckily I made entry when price were not so high and I bought some bitcoins to hold for long term.I am quite satisfied and sure I took good decision and have nothing to worry about it.

There is no doubt in my mind that we will cross $1,000 one day again. Actually more and more I am starting to realize that $10,000 isn't some huge number anymore. Bitcoin will reach this as well, I am sure of it!

I wonder how he is feeling now?  I haven't seen him post on this again for awhile so I am sort of curious as to how he is doing.  It seems to be back on the rise. 

Buying loads of coins at around $100 was not a bad decision for me. :)
It was pretty clear that the $1000+ prices were a bubble, I sold most when it hit $1100, I believe.

Just kept a few to play around with and tripled them over time.

When all the bitcoins have been created, there will be 2.1 quadrillion satoshi's. This should be enough to give every man, woman and child in the world (7.5 billion), 280,000 satoshi's.

If this isn't enough, even though it would be difficult to create more bitcoins, the satoshi can be easily divided into as many smaller parts as we need - in the programming.

What this means is, we are in the very early stages of Bitcoin. We, the early adopters, take the risks, but ultimately the rewards will be greater than ever.

:)

I was wondering the same thing as I watched the price pump this week.  I only hope the poor person is paying attention and just didn't give up and take the losses....Great pump this week fellas, let's keep it going!  SMILE

Well i were away from here because my internet just burned when i searched the price it went 100 dollars above amazing.

@OP

if you are 16 and though u will be a millionair with 17 through bitcoin, well too bad.

This is the time when those who regret buying the bitcoin will start to regret more now that it start to rise again and may reach $500+.
I even regret that I've lost some of mine thru gambling.

Timing the market is difficult.
Best is to hold a few coins and benefit from long-term price appreciation.

Yes holding for long-term is the only solution to erase your mistakes of buying at higher prices. In bitcoin many people have done buying  around $1000. But in my view they are not the worst decisions, because bitcoin have the bright future.

If you time the market right, you'll be earning at least 500% returns.

High returns if bought at the right time. You need to do some research before doing it or you will suffer like many have in the past month, including myself.

Buying Bitcoin was not worst decision for me. U bought them for purchasing Miner and from that time I can`t complaint.

I wish I had invested in miners. Atleast I would have something physical to own and know it will make me something in return even if it low at first. But the coins that they make will accumulate in value over time, so that is a true investment in my opinion.

Where are you getting that kind of returns? The only people I know of, who might have seen that kind of numbers are the very early adopters. There are a lot of hype going around,

saying the price will skyrocket, but there are no solid guarantees for that. The last "bubble" were not even close to that for the people who bought Bitcoins within the last year.

A lot can happen and we should rather warn people about the volatility and the risk involved with investing in Bitcoin. A informed person, will make a wise decision. It is after all, just

a experiment.  ::)

for me bitcoins are a great currency and they provide awesome way of earning also. But, for some people it has become a worst decision for them. Here are the reasons why:
(1) They invested in bitcoins. Rate went down and they had huge loss.
(2) They became victims of fraud or scam.
(3) their transactions got stuck in limbo forever (happens very very rarely though)
(4) They lost their wallet(there are many cases who are new to bitcoin)

Sorry to hear your story bro. But the point of a BTC market is the lows and ups. What would be the fun in it if it was straight up. Better do your market research to see the depth before you jump in.

Well $10,000 for now is a huge amount of money.
I missed the chance to sell at 400s so a bit disappointed with myself.
But good days of course will come and bitcoin will rise, but $1,000 for sure.

I don't like extremes. You probably chose to enter the "bitcoin" game.You could have entered the gambling game, the stock markets game and so on. Nothing is guaranteed around here: it took me 3/4 months to study bitcoin before puting a single cent inside. Noting is easy and nothing will never be that way.
I'm sorry you lost your money but this could have happened iwth so many other things.

At bitcoin those investment can be recovered on the next years as we see bitcoin is getting a big value ,and well its future is grow even more.

Yes this might be the case.But that would be more having luck than achieving it by skills.
This market is very unpredictable imo, and we all here who particpate in it know this I hope.

Many people have invested in Bitcoin at a time when the price was $ 1000 +. At this point, certainly you can feel disappointed, but I am sure that in the long run no one will lose on Bitcoin.

Your points make non sense.

Bitcoin is like playing roulette.

You are insane. First, by putting 50% of your fiat on Bitcoin, when it's volatile as hell, second, to think Bitcoin will get replaced by anything. No, Bitcoin is here to stay, and you will eventually be +1000%, but of course, people like you lack the patience.

Buying Bitcoin was thee worst decision of your life, but it's not bitcoins fault u decided to buy at such an incredibly high price, while you bought at that price someone else sold and they made money while you lost.

I saw people selling huge amounts after the 100$ barrier increase,and after 10 minutes it got stabilized.

The thing is when to buy and when to sell and on those two sides being able to grow your portfolio,some people had invested xxx ammount with fiat and the buy and sell they had taken those money,soo now they play with pure profit.Bitcoin will keep grow as its interest keeps growing and mining getting harder day by day.

He should have bought bitcoin, not a miner.

Yes an equipment investment is bad if you get outpaced. I bought my old PC for 300$, and now its worth like 50$ , so what?

You bought it in order to get rich from it, well bad luck.

Ofcourse it is all about moment to buy/sell, but when bitcoin was running up to $1200 came to the community many people how was looking for fast and easy money. Then when price follow down they just escape with losses. It is mistake because Bitcoin have a bright future and price will be growing.. It is just matter of time..

Don't know if you have got your funds back as bitcoin price had increased to $500 but you should take it as a lesson. Don't invest in bitcoins or any other currency/website an amount that you cannot afford to loose. If you invested once and lost, leave it as the money gone might not be recovered. I don't know why do people keep saying to hold bitcoins for years as it's not worth waiting.


I'm sorry but I don't agree that one should keep waiting for years. My own family member has been holding shares for the past 10+ years and now he is in loss of $26000. He's still stubborn and doesn't want to sell at the current price. Waiting is OK but there should be a limit set.

So OP, how much fiat funds did you lose and did you get it back with the pump.

It depends on what shares you're buying .. if company is in trouble - you lose. If company is growing - you gain. Bitcoin is still at an early stage. There is no other way, only further development .. Well unless the total apocalypse, but this is little possibility.

stage one
Yeah, what would be the odds of banks with a lot of capital and military power behind them finding out, that you can't really stop bitcoin. And trying to build their own bitcoin is pointless, since bitcoin already has the most adoption of them all.
stage two
What would be the odds of that military power being used to distract people to maintain economic supremacy.
---
The odds are stacked against us. But I guess internet has a way of snooping around and leaking important documents. I guess it would just be a matter of time when people find out the real reasons why that war happened. Not saying that it's going to happen 100%, I'm just saying that the odds are there.

I don't regret one bit for buying the bitcoins that I have. I heard about it on the news 2 years ago and was wanting to buy some things online so I tried it out and love using it. Not looking back now.

Buying Bitcoin was not the worst decision of your life, though choosing to buy Bitcoin when it was in the midst of a huge upswing (almost always a bubble) was not the most prudent of choices.

This is not a negative reflection upon Bitcoin as much as it was your ignorance of market swings and bubbles.

Never seen any of my investments as a regret if I did then I would never have invested in the first place.
And that is all I see bitcoin as an investment.
It rises in value and can decrease which way the wind blows. So take your risk into it and just pray it goes your way. Is that not how life challenges are most of the time  :-\

bs.

time is money !

i cashed it all out when it was a grand a coin :)
glad i did too.

you guys don't know squat !

waiting 3 or 4 or 5 or 10 years for it to go back to $1,000 a coin is retarded.

why do you think banks charge interest on loans ?

the time you sit on your Bitcoins hoping to one day get rich is time wasted away and it's costing you.
your money can be put to work for you instead of sliding in reverse.

Bitcoin is perishable.. it goes moldy and rots. LOL

ALL of you need to speak to a real investment professional about basic common sense when investing.
It's really simple here kids.. you invest in something the longer it takes you to get a ROI the worse off you are.
TIME IS MONEY !

wake up guys and stop spewing moronic bitcoin fanboyism (because your clueless desperate bag holders)

the worst thing you can do with Bitcoin is sit on it (if you want to profit)
If you are a supporter or something then that is a whole other thing.
If you are a supporter it won't matter what the exchanges say the price is.
IF you came to siphon profit from the bitcoin machine and it bit you then too bad.. that is what you get for being greedy.

You only lose when you click sell.

And the guy on page 1 made a good point about doubling down.
If your in it for profit you should be able trade your way out of the mess (if you didn't do too much damage)
wanna play the money game then you better be skilled and have your game face on and be ready to battle to the end.
or cash out for a loss and cry like a bitch LOL

Yep bitcoin mining is a very innovative industry, and because so fast so new mining equip comes out, you see a big deflation in prices.

Better plan carefully when buying some because it can halve in price quickly, and if you cant ROI from mining, then you lose your money fast.

try trading bTc and you get profit

For me not at all. Bitcoin was great profit for me. My friends all invested in Bitcoin when it was just a couple of cents and there persuaded me to invest as well. Now I am grateful that they did that because back in 2010 I sold most of my Bitcoin for around $1000 and earned quite a lot of money from that. I am kind of sad now that I didn't sell all my Bitcoin but then again, Bitcoin is great for day to day life and online shopping.

no need to feel sad. you are already very very very very lucky to earn so much for so little input at the start. when i know it, it is already 100$. and i lose a lot of btc in some investment in the digital world. it is so hard to earn in investment that time.

What can you tell now after the happening of the last 10 days? Have you again the same idea like that your wrote in your above main post? Bitcoin was 100% higher in price and if you were smart and were -50% in lost (in fiat money) had the "golden" chance to have +50% in fiat money. Have you done this? Have you sold your "hated" bitcoin? Or have changed your mind seeing that price and did not sold any of your bitcoins hoping for more?

I don't know what do you think now and if you again "hate" bitcoin but I can tell you that bitcoin "have heard" your plaint and gave you a sign of its potential. If you were able to understand it you must have now more clear thoughts in your mind about it. If not, I think that you will have always doubts about everything you will do in your life.

if you have so much money,you dont have to worry,but if you not,its true..that a worst decision

I don't know why military power have to involved now in Bitcoin.. It is to early for that. The first step will be the banks and corporations, later people and at the end military industry. We are on the very beginning of first step. So no worries, everything will come in right time.

i always think that i will not buy bitcoin in my life.
because the price is unstable, so i'm just looking for btc not buying for btc to avoid big losses 8)

very good point ! :)

moronic bitcoin fanboyism is something very common on this forum.many people are looking to BTC like being a god :)

Sometimes I agree with you, that buying bitcoin was a bad decision, but I believe that it will not happen if you buy bitcoin at the right time and in the amount yng right, I'm sure you will not regret having bought bitcoin, it also becomes a lesson for me.

Well that is the good news. we can earn it through different tactics. There are a lot of ways. Just like faucets and signature campaign. I am also an examlple of a non buyer bitcoin.

I guess you people are doing your lifetime mistakes.
Because avoiding buying bitcoin must be a regrettable action in your future.
The volatility  of bitcoin prices are most common and you cannot expect a stable price to buy bitcoin. Those who bought bitcoin 2 months back have just doubled their bitcoins.

Everyone has good or bad experience with bitcoin but personally i have bad and good.
Firstly it's good that i heard for bitcoin, then sometime i earn sometimes i lost but the result is not bad.

You must be a notorious example for doing so. How we can expect a stable price for buying bitcoin.
If you expect a stable price, then you will never get benefits by saving bitcoin for long time. Taking little risk will get you more benefits by buying bitcoin just because of fluctuating prices.

Yes without fluctuating prices there will be no benefit for the buyers.
With the fluctuating prices of bitcoin there will be a definite benefits for the buyers. The only differences this how quick we are getting benefits if we are lucky enough then there will not be any wait for higher prices.

It s obvious u went into this with get rich quick idea. This does not work that way and you do need to be patient. U get into green by the end of this year, big time. Unless you ve been stupid and sold.

You just made a bad buy at high price... i'm sure there are a lot of people saying that buying stock was the worst decision of their life and some say it was the best, same with bitcoins...

I can't say that I regret buy bitcoin because I never have. I could see why some people would regret buying at a higher price.
It would make it harder for them to get profits off those bitcoins. I think that if you bought at a high price and hold for now, you are still able to make profits.

I try to understand what is the best choice, buy or not buy, save or not to save...

I take as good a +10/-10% in one year as reasonable profit/loss.

If there are more % to loss I try to move some funds in other "assett" more profitable or more stable in the long time...

You have to hold Bitcoins long term. We should hold Bitcoin or shares of established organisations or gold. I won't hold altcoins.

Bitcoins should be held long term, more than 6 months?

Kristoffer Koch, Norwegian student have bought 5,000 bitcoin for just $27 he forgot it for 2 years back again and realize the price at that moment worth $800,000.

Should it called worst decision? No of course, you just need to be patient and don't rush to judge something. You'll regret buying bitcoin now but soon you wouldn't believe us .

If he actually would of waited, those 5,000 would of been worth a lot more money. It really depends on an individual to wait on the investment. It is also up to you whether you can control your spending habits or not.  ;D

But I don't consider buying bitcoin a worst decision of my life. Its all the value fluctuations in BTC which decide whether the decision turns to be profitable to u or not. One must know the tactics of trading in btc if u don't want to later regret about it.

I dont regret buying btc, if i sold now i would have doubled my monies but i have no intention of selling. If it goes down then so be it, Up and splendid. the money ive spent is gone to me so i dont worry too much about it. but so far its been a good decision.

Nobody forced you to invest in bitcoin, or for that matter bought it for such a hight price.
Your decision was triggered by greed and when you invest there is a chance you can lose too. That's the way it is.

Ehi man, why do you say this? Relax that price will rise ! Anyway, I consider that the best thing that you can do for the next time is " Invest what you can afford to lose" :)

actually i never buy bitcoin in my life, i earn it free from signature campaign, faucets and gambling. so i never make a worst decision in my life, lol

Well, even if you didn't pay for your bitcoins, you still had to spend time to acquire them (through signature campaigns, at least; faucets even worse). :P

So let's say that, for each of your 346 posts, you spent 10 minutes of your life (5 minutes until you found a thread worth replying to, and another 5 minutes to write your post) - in total, 3460 minutes, or approximately 58 hours. Then, let's assume that you got 0.001 BTC for each post (and it was almost certainly much less than that in the lower forum member ranks), or 0.346 BTC in total (approximately $158 at the moment). That means that you have been working for about $2.72 an hour - depending on where you live, a very small amount (as in, you may get a better deal by working a normal/extra job, and then actually buying BTC with what you earn).

did you buy it when its $1200 ?

Then i have nothing to say about you lol .

You have to be pretty stupid to buy bitcoins at $1200. That is pretty much the highest price you could have bought it for. I bought bitcoin for $100, so I have already made a lot of profit, but I am still waiting for the price to go higher.

I think buying bitcoin with such price is really worthless; but nowadays even buying it with the current price could be profitable, because we expect the prices will increase soon, especially after the next halving

It will go up much over $1200. Just need time. Maybe next year, or maybe two years from now.

No. In fact it's the best decision in life I've ever made.  :-[

Up until now, i still havent feel its a bad decision to buy bitcoin,

in fact i think its my luckiest day that i encounter bitcoin and buying bitcoin at few months ago,

because i already make profit with the bitcoin i bought

Fud

Yes buying bitcoins can never be a wrong decision to make and I believe whenever possible we should keep on buying bitcoins in small amount as the value of bitcoins would increase in future for sure So we are definitely gonna make some profits out of it as if you buy bitcoins you are also saving money and also it can be a great future investment.

The problem is always the same: when buying BTC, you have to:

- spend only what you can afford to lose

- save your newly bought BTC for the long term (no get-rich-quick schemes, no gambling, etc)

Unfortunately most people will break at least one of the rules, so you will always see threads like this.

after watching the Big Short- great movie btw, I realized that the housing market crash and the bailout were the cause of delusional thinking. I am buying Bitcoins not because I am thinking they will be a million dollars per coin in 10 years, but because I know that they will change our current loopy system of money we have today and That Bitcoin is a better investment than Gold, Dollar, and Silver.

that's why i also want to save bitcoin as much as i have people invest in gold and Dollar and silver because they are consistante and stable but screw that i am gonna get rich or die trying as 0,001173BTC sad i also i will watch this movie tonight i download it yesterday

bitcoin are you bought when the price $ 700 or up? yes you are worth mention that buying bitcoin is a bad decision, and even then if you sacrifice a lot of things to buy. but for now, I am sure it was not a bad decision if you come back to buy bitcoin.

I learned a lot about cryptography, currencies, linux and open source and lost dozens of BTC due to gox, BFL, KNC and avalon chips.

well, it was not so bad to go in with thousands of USD but I will not do it again for sure..

i am not sure if your bitcoin worth $100 still held, how much you bought when bitcoin price around $100?
no doubt you are already sold half or more of them isn't it?
i put a high respect to people who bought bitcoin when the price reached on highest ever, it mean that person totally believe bitcoin price will always going up , even it must started with the down trend price for years. it's a sacriface and they are the real bitcoiner.

Right now, buying bitcoin is investment for the future.
If you buy now, when bitcoin is still relatively unknown, you can't expect to much, specially not some big profit.
This will change once bitcoin becomes mainstream.
So patience is virtue here :)

Well buying an asset at the all time high is never a good idea. Or a risky idea.
So in a way you are to blame yourself by panic buying bitcoin...

If you think bitcoin is not worth a shot. You obviously don't know story about bitcoin's pizza. (That topic is still floating around marketplace section.)
All you have to know is: some bitcoin user bought 2 big pizzas for 10.000 BTC and four years later these coins would be worth around $5 million.
Now tell me that bitcoin is not worth holding.

it depends on the time you bought the BTC, in a time it was $1000 so definitely that's a loss in fiat value at time to BTC fiat value now but if a person bought at $250 he/she would be already in good profit right now.

Very true, if we trade Bitcoins then there will be ups and down rates and will not be same at any time like the shares market. If  some one know that the rates of Bitcoins is going down and down that time he should take it out at certain period of time.

I think to pick the bitcoin in life when you feel it is good to buy for example it is right time and best option to buy bitcoin because it is seeing that the bitcoin price is in correction and it is down with difference of $1500 from $10.000 to $8500 and you have good time to buy because after correction it will again go to the moon,

You buy Bitcoin at a price lower than the price today so it's not something you regret. You can also make a profit with Bitcoin at any price. If you think it is a bad decision to invest inbitcoins then I think you must have done something wrong. Now you get a chance to double your bitcoin by the same amount. You will get a better average price eventually. Hold your Bitcoin.

Once you have decided to invest in bitcoin, you must be responsible upon any risk that may occur. it is really suggested to learn bitcoin before investing for anyone else.Investing in btc is very high risk but also high profit if you have known more how to invest.Your purpose is getting profit not loss, so should learn.more about btc before taking decision to invest more.

Thar is true this is not the worst decision that I ever made in my life and this is a good decision actually and for me a blessing in disguise because that gives me money as a student of course I need a source of income and tbis is it the bitcoins is providing me that profit I needed. This just need a lot of patience like a lot of it because when they fall you are just gotta wait for a long.time before it gets back again. And put a lot of faith in bitcoins to enlighten your mind.

It seems you are wrong to buy Bitcoin is the worst decision for you. For me to know Bitcoin alone is included to be a lucky person let alone can buy it even with a lot. Surely I will be the happiest person to have Bitcoin. If we want to buy Bitcoin and want to invest in Bitcoin we must accept all the risks that exist in Bitcoin.

For me at this time. i would say bitcoin was has nothing to offer except one thing. it easy to sell and majority of webs are using it. other than that.. bitcoin just an old abandoned coin by satoshi. me personally using more ethereum base than bitcoin. but had to change it to bitcoin as my country hard to change it to fiat currency. With the high fees. i personally hate bitcoin. hope ethereum will grow bigger and easy to change into fiat someday.atleast in my country.

We all have mistakes and failures in the past and yet we still keep on trying and trying...you may have bad decision or experience in the past regarding bitcoin..hope you still have faith to somehow consider trying...even if it is painful... you maybe experienced worst but you can still experience great things when you do not give up.. investing in bitcoin is risky and its part of life.

I am a little bit disappointed that this post is coming from a hero member who has been here in the forum for 3 years. Or is this account given to someone else, or hacked, or bought? Bitcoin is not just for illegal transactions and geek. It is for everyone.

This forum is far from a cult community. You know very well that this forum encompasses a lot of things. This forum even if called Bitcointalk is not just all about Bitcoin; it is also about altcoins, gambling, Bitcoin and altcoins mining, threads of new projects, and even discussions about off-topics and politics.  

All of these is depends on how you understand the bitcoin,bitcoin graph bitcoin market and so on and also on how you know that the price is going on,buying biitcoin is not worst decision unless you can earn and you can use it in a good things.

having some mistakes that you may done for is not as you can actually tell for that this could be the decision that you havent done for but we can actually see this for new opportunity for all your wrong may become right.

Bitcoin was worth $245 when OP posted this topic and it was $19188 on 16 December 2017, so in just 2 years, it grew 78 times. This is the good example to keep in mind while determining the investment strategy. Bitcoin is a part of the highly volatile market and there is a risk with it but at the same time, the rewards are exponential. I wouldn't label this example as the worst decision to buy Bitcoin but the worst thing was not to hold it considering the possibility of returns it in the long run.

I guess you were on the starting point before it was 2015 and now maybe you learn from your mistake from the past. I heard so many investors that they regrets for the loose but it was normal. We all know that people regrets because of unsatisfied self will to achieved whatever we plan. People didn't regrets what we achieved very well. To make yourself matured enough you need to accept the fact that life is not always on our side. Sometimes chances are not in our way but the good thing is you learn from every circumstances.

people who are losing bitcoin because of the bitcoin price deceleration. good to do cash out first for avoidance loss

I guess that if buying bitcoin was the worst decision in your life you had brought bitcoin in the wrong time. There are also a lot of things that happened for the failure in your bitcoin career. Maybe you also in a hurry when you decide to start in bitcoin. I strongly suggest that if someone who wants to start here they must study first or plan carefully first because there are no sure money here it is true that you can lost instead in gaining or having profit.

maybe the worst decision to by bitcoin is when you buy bitcoin when the price is not good if the price in the future will increase maybe it will be the best decision about bitcoin, for me worst decision about bitcoin in my life is not to buy bitcoin when the price in the low ( 2015 or 2014 )

The fact remains that everything wont work for everybody. Inasmuch as it didnt work out for you, there shit load of people it did work out for. some people now go by the name; CRYPTOMILLIONAIRE all because they ventured into bitcoin and cryptocurrency!!

I am really sorry it didnt work for you and wish you luck as you pursue what works better for you.. Take heart bro!

If 9 years ago you bought 100,000 btc for $ 1 then you would never say so, but if you bought last December when the price was $ 19200 and you compare it with now you are reasonable to say so, but what if the price of the end of this year reaches $ 50 k?

It has been almost 3 years since you post this .
May I ask if buying Bitcoin was still a worst decision of your life?
I think if you hold some of your Bitcoin since you made this post you already made a lot of money from it.

But the thing about it is that Bitcoin is very unpredictable when it comes to it's price. It is so hard to predict whether holding your digital currencies or maybe cashing them out to avoid the dump but you still don't know whether it will be having a dump or not.

This is the mistake of a lot of people who want to invest on digital currencies, they do not add the fact that investing on digital currency is a big risk since Bitcoin is a very volatile digital currency. If you know someone who wants to invest on digital currencies, tell it cons before it pros so they will not be disappointed to its result.

Actually it does when you don't know how to earns some coins without spending all your budgets to do invest or buying bitcoin,  but I think the ones who wants achieve more higher than what you you only can get from join some bounty project, it must be buying some coins and you will know the challenge which is about the price sometimes up and down.

How I wish I 1. Knew about Bitcoin in 2015 and 2. Bought some in 2015. Hopefully he kept it. This is a very old thread wonder how he feels about it now. Maybe he will jump up here and tell us.  :)

Of course this is a sad fact, many users feel that buying bitcoin is the worst decision, but I think it is a matter of patience to wait, if not be patient then we will never get profit.

for me the early adopter that made bitcoins gets more interest,and later it reach another level,cant regret since they exchanged btc for fiat,later they could be pissed to miss the fortune they could had done with them,i use BTC to make money not waiting for the increase in value, so it does not really matter about the fluctuation.

that's according to you. but I have my own principles and opinions. if bitcoin really helps and add my wallet money.
let's see last month bitcoin prices fell until the price of Rp 90 million. if we buy then we sell now how much profit we get .

Oh ,thats so interesting to see such post from 2015.
Did the OP managed to hold long enough to become rich or folded waay to early in the game?
This just show that ups and downs happen all the time, have confidence in your decisons!

Worst decision? Have you seen the price of Bitcoin turning from a small molehill into a huge mountain? If you are still disappointed with this then I do not know where you are coming from and from which point of view you are looking at the crypto world. Perhaps you failed on your own crypto techniques and crypto investment decisions because the way I see it Bitcoin is growing really great and fast.

First learn the bitcoin process and information. Then get more ideas and invest on time. Bitcoin price is not stable. It any time to change. So time is import for this process. Before invest check the bitcoin price in the market place and follow the price everyday. Bitcoin is good opportunity for the future saving. So check the price day by day. Bitcoin is future digital currency. So buy and hold wait for the price increase. If price will be increase then sell it. People gather more information from bitcoin for the saving and future business improvement. So before  invest any coin check the process. Then invest.

Sooner you will realize that buying bitcoin is not a worst decision because this coin willl help you to get success in life

Definetely not a worst decision now. I wish i bought bitcoin in 2009-2015. Oh well time to get it now somehow.

If a small investment is the worst decision in your life, you're doing ok :)

Buying Bitcoin is the worst decision in your life not my life. I know too late about bitcoin. Let me know faster about bitcoin maybe I will be much happier. Try to remember how much profit you get from bitcoin, do not just loss you remember. In the business world is there where you will lose but not forever you will lose if you continue to learn it you will get a profit.

Bitcoin always has an opportunity to pass the highest price ever, if you buy with the expensive price then things to do with patience because the end of the year the price will reach at least $ 50,000.

For me in my very honest opinion its just the matter of finding the right time on buying bitcoin, maybe you regret buying btc at the worst time it can be, I clearly do not buy bitcoin if the price is high, its simply just the matter of measuring the right time in everything, don't hate and criticize yet though this is just my opinion.

It is not worst decision of my life to buy a bitcoin when the price is high then it drop suddenly because you will take a risk to buy to earn high profit but when it drop it lose your profit. You will wait until the price raise again.

Wow your posted this in 2015 and I hope you would have change your mind now after seeing what price you bought in 2015 and what price of bitcoin is now in 2018
Apart from that your question yes I agree something people feel buying bitcoin was worst decsion but you need to believe in it . I bought in high in dec and jan around 15-16 k and now its gone down almost 8k. I feel bad somtime but I know it will raise up and I should not lose hope.

Why bad?
Is it because bitcoin goes down? If I think you are wrong, it is precisely if you buy a profitable bitcoin for the future. Indeed bitcoin is currently not clear the status sometimes down and also sometimes up. But I believe in bitcoin, bitcoin will definitely rise again in the next year.

Well tell me how much you now in the red???? I'm afraid that now you and everyone who correctly predicted the growth of bitcoin with alternative coins in + But do not rejoice much will soon correction of the market

Why should it be bad? That bitcoin is not bad and very profitable if you buy bitcoin or invest bitcoin. Because bitcoin coin is no 1 in cryptocurrency and the price is also very good enough to change your life for the better.

Bitcoin change the most people life. It reach the all country. So it any where to use. People check the bitcoin price in the market place. So people will be gather more information. But some people don't know the bitcoin process and before invest people not check the price. So that the reason some people get more  loss. So people know about the bitcoin. Bitcoin is change the life style. Bitcoin is worth for future saving. So hold it long time.

Buying a bitcoin is a good decision for me because bitcoin is enjoyed by all countries. the price is now fantastic. and bitcoin is now growing more rapidly. surely you regret not investing in 2015 first.

Personally I do not have any regret buying bitcoin. I have known bitcoin since when it was 600$ per Btc. There has always been ups and downs to price movement and this will always happen. The regrets for many people is that they always FOMO to buy bitcoins and other coins when they are rising and when the price drops, they begin and dump it at a loss. This is a lesson for all traders to learn. Buy low and sell high.

For me, I keep on investing my earned coins plus I buy some as well. Because it always surpasses our expected price, Bitcoin price is always increasing at a uncontrollable rate. I will not regret it because I'm sure Bitcoin will bring you high profits in the future. The more you buy a bitcoin, the more income you'll get. I'm positive that bitcoin will increase its value in near future.

I wonder what the person who created the topic in 2015 thinks now? This is another reason not to be upset if you have big losses now, in 2 years it can turn into a huge profit  ;)

It's not the worst thing but for me it's the best thing that happens in my life. Buying bitcoins helps us to earn more than what we put up and many can testify it so I don't think that it's worst but it is worth it.

Bitcoin is a decentralized currency in which the price of bitcoin is very difficult to be sure because it depends on the demand and supply in the market. You have to realize the value of crypto is very unstable and has a very big risk, buy bitcoin when the price soar is a risk and you could lose when the price falls.

Bitcoin is like playing roulette.

I do not at all feel buying bitcoin is a bad decision in my life. just by buying bitcoin for me is a brilliant decision because thanks to bitcoin I can change my life

Wow this is one of the unfortunate event in doing cryptocurrency. This is part of this kind of investment one may lose while others will going to earn. And the good news is that most of us will going to earn. Only dumb people will lose on their investment if they do not know when to invest crypto and when to sell crypto or bitcoin. Definitely this kind of person needs an education for this trend or the digital currency.

that's according to you. but I think buying bitcoin / investment in bitcoin becomes a matter of pride and pleasure. because we can benefit without having to wait long. like we buy bitcoin at the time its price falls. surely someday the price will rise .from there we will get great benefits.

I think there is no bad happened to the system eco bitcoin. now you got the chance to double bitcoin you with the same amount. you will get average price better finally. hold bitcoin you. there is a bright future for you. when you start losing trust on bitcoin you may find that buy bitcoin is the decision of the worst.

You do not despair. According to my experience, there is no loss in investment bitcoin.bitcoin is the leading coin whose movement always make a surprise. Bitcoin trade is always profitable for the owner.

This OP is dated 2015, I have seen from the OP's history that he is still busy in cryptos in 2018 , so either he is still insisting in his worst mistake of his life or perhaps he has later discover that it wasn't a mistake after all.

well, this thread is 2015, and i hope that your mind change after a long period of time and hope that your bitcoin at that time is you hold it so that you will earn more profit especially last December whereas the price of bitcoin is reach the highest value, and it is the reason why many investors buy bitcoin to hold and wait until that time will happen again.

I think it's impossible to say this unequivocally ... many of them have well earned and the loss is a small part of investors .. Thanks to bitcoin agree the development of the crypto-currency market went on and new promising projects began to appear

Bitcoin is improving my life daily, I don't regret a single time of my life spent with it.

Yes it always do. Bitcoin  helped a lot of people. Maybe its not the worst maybe you haven't made the most out of your coin that's why you regret it but im sure the coin is always profitable. The worst decision is to stop investing in it.

Maybe you bought it while bitcoin was on a song a few days later down. It's kind of annoying because it only gets a loss. So you have to better prepare what will happen for the future.

Still, he should not give up that too early the price of  bitcoin is still not at its highest peak for now, it can become thousand dollar in the near future so he should not think of that ways.

Buy the bitcoin The worst decision?
Bitcoin that can help change people's lives for the better and make people a rich decision bad? Only stupid and silly people who think it's bad. :o

I believe that investing in bitcoin is my best decision and I do not regret it.

All my bitcoins was from bounty campaigns. So I don't loose anything besides my time. I think we should think about it like a play. You can win and have big profit and you can loose all.

No buying bitcoin was not a worst decision of you and anyone.Bitcoin is the most valuable currency.Its going to be more powerful and more valuable currency day by day.Millions of people buy bitcoin every day.Some times bitcoin price is down and i think you feel panic for that.If bitcoin price is going to down don't be panic because bitcoin is more trusted then any other currency and as soon as bitcoin price is going to up believe it all time.You have to believe in bitcoin if you want to invest in bitcoin...... :) :) :) :) :)


Your ever sir :)

Bad for you that you came to the market in a bad moment. Maybe now you wish you kept holding your funds, Bitcoin price multiplied many times the last 2 years.

For me, I keep on investing my earned coins plus I buy some as well. Because it always surpasses our expected price, Bitcoin price is always increasing at a uncontrollable rate. I will not regret it because I'm sure Bitcoin will bring you high profits in the future. The more you buy a bitcoin, the more income you'll get. I'm positive that bitcoin will increase its value in near future.
 

 
 
 

I wonder what opinion of the one who wrote in October 2015 that buying bitcoin was the worst decision in his life? Since at the moment he has the status of a hero, I think that he did not leave the crypto currency and long ago changed his mind, calling bitcoin fraud. Just do not understand why he did not delete this topic. If he then did not sell the purchased bitcoins, now he probably has a good profit.

Yeah this is a profissionel idea...but the qeustion without answer is if the bitcoin will rise in the future...the answer of this qeustion is the desisive in this strategy

I agree with you, it all depends on their way of thinking and if their way of thinking is negative with bitcoin they will get the losses because of mistakes when they buy or sell at the wrong time .. try always think psitif with bitocin because in every decision will always think smart to make a profit by taking action at the right time .. because I think bitcoin is always profitable if we think smart ..

I am sorry you feel that way. My advice would be to double down or just hold what you have and wait it out.

Before I stepped on this industry, I accepted every risk and consequences that will happen to my life. And life is never perfect. But still, we are humans and our first instinct is to adapt in order to survive. I personally, will never regret joining the market for cryptocurrency. In every trade, investment or even every bounty campaign, we have the opportunity to grow. There are setbacks but for me, it is not a reason to quit.

I dont really believe that buying bitcoin was a worst decision to do, for me bitcoin is the best crypto and i know that bitcoin is can really help us to grow our money , and if we keep trusting on bitcoin i am sure bitcoin will help us to be profitable.

For me, buying bitcoin was the best decision I've made and it will never be considered as a worst; because through Bitcoin, my way of life changed. I have gained profits and it keeps supporting me financially.

How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

Just hold your entire balance, i am sure that at the end of the year you are gonna be proud of having bought them on the past.

I felt the same when i bought at $7000 a few months ago during the last year.

It's the nature buddy..some people loosing and some people gaining their profits,,just wait and see what is happening in the future..I think BTC /Cryptocurrency market will boo 10000% within next year.. :o :o

To me it was not a worst decision but and awesome one because it has helped me in so many ways. So your worst decision depends on when you got involved.

There's a risk when you buy Bitcoin and other cryptocurrencies, and if negative happens you could really consider as a worst investment. As of now, nothing negative happen so I keep considering Bitcoin as one of the best investment I've ever decided.

I can truly understand you but you are missing the point. You just bought in wrong time. I know it is too easy to say do not worry but your lost is huge. Try to be patient and wait until end of the year. This is my opinion.

I CANT SAY BTC buying is worst decision bcz btc future is great!if you bought in 20k then its no prblm btc will go 100k in future so holding is the main key for btc.

Crypto is the future my fellow brothers and sisters!

Anyone who ignorantly buy bitcoin at the wrong time will definitely feel the same way. That is why it is always good to invest only your spare money so you don't feel devastated in case you don't get the expected result. You will have to keep your regret aside and focus. Seek professional advice the next time you want to invest.

Many people are distrustful of crypto-currencies. They are afraid to invest their money in bitcoin because they are afraid of losing them. Today, there is a lot of conflicting information about crypto-currencies and it's very difficult to understand everything.

I dont have yet lose a big amount of money in bitcoin, because i am just buying bitcoin when the price is low and i am holding it until the price be very high, so for me buying bitcoin is not a worst decision to do, i think buying bitcoin is a big opputunity for us.