Bitcoin Forum

I hate my life.

Buy back in and ride to $1000 :P

The price is pretty high right now. How am I supposed to know it's not just a bubble?

You can't know and nobody knows. But do you wanna post "I did not buy before the massive price jump" when we hit $1000?

It's a risk you take.  If someone offered you 1000% return on a coin flip, but if you lose the flip you lose your investment, would you take it?  You control how much you want to risk, it could be as little as buying $20 of BTC or $1000, it's up to you.  But you might as well get in on the game, even if it's just a little bit.

If you lose the investment, well at least you had fun and learned something :)

How were you supposed to know to hold on to your Bitcoins last time? Become more educated this time around, but I think there's always a high amount of pure luck (being in the right place at the right time) when it comes to speculation. Good luck!

For 20 BTC, I'll tell you if its a bubble or not.

may I ask: why did you sell all of them?

I admit to having sold some just 2 days ago. More than I ever sold, maybe about 5% of my stash.

And even that will probably make me feel bad on wednesday.

I take it you viewed bitcoin as "a way to make money"? Well, you did make money, didn't you? And that's what you wanted to achieve. So why do you feel like shit now?

Imagine it goes up further... if you get back in, you've only missed a little bit of the runup. If you don't and it goes up to 1 gold bar, you'll probably hate yourself even more.

When making a decision (like should I sell or should I buy) while you are missing some information (like: is bitcoin going to go up or down) there is an easy way to come to help come to a solution:

Imagine each of the 4 possible scenarios and evaluate how bad/good the result would make you feel:

(replace either buy or sell with "do nothing" depending on your situation)

• 1.) you buy, bitcoin down
• 2.) you buy, bitcoin up
• 3.) you sell, bitcoin down
• 4.) you sell, bitcoin up

The evaluation depends a little bit on your preferences. I, for one, want to avoid feeling really really bad, so I try to avoid option 4.) because selling bitcoin and seeing it go up when you believe in it would be just gut-wrenching.

Option 1.) would also make me feel bad, but clearly not as bad as 4.). I have long regained the fiat I put into bitcoin (way too early, btw) so I could tell myself: "nice try, too bad it didn't work, let's try the next thing" in case of a Bitcoin failure (yea right!). 1.) would mainly make me feel bad because all my friends and familiy who have been repeatedly and strongly suggesting to me to "sell all my stash" would then tell me: "see, I told you so, why didn't you sell, you idiot, you could've had this much fiat, now you have nothing".

Also on the good side: 2.) would make me feel better than 3.). So I'm clearly biased towards 1/2 (buy) and that's what I mainly did (hold 95%)

Well anyhow, maybe this helps someone making decisions without having sufficient information.

You have to live with the consequences of your actions, so why not do some simulations in your head of the different possible outcomes.

And yet another very good advice by lucif: If you're emotional and you're lacking coordinates, DON'T DO ANYTHING. Go walk the street, sleep or whatever until you have a clear view. Then make a new plan.

Be the man. Enjoy1  :D

I predict Bitcoin or its alternatives will take over the world as the #1 currency of choice.  Therefor, mass adoption will ensue, and the price for a single Bitcoin will rise to high enough levels to feed and clothe you for the rest of your life--that is, if Bitcoin remains the king of crypto-currencies.

So if you think this is a bubble, just wait ten years from now, and saying to yourself, "We thought that was a bubble?!"

exactly. The first "bubble" isn't even visible on the all-time chart any more. Here's a zoom-in to the old times (I wasn't around):

https://i.imgur.com/xn43fIJl.png (https://i.imgur.com/xn43fIJ.png)

There is still hope! Start collecting Litecoins.

How many coins did you sell ?

Take solace in my story: https://bitcointalk.org/index.php?topic=169140.0  :o

Remember: "Money is only really money, when its moving!"  ::)

Buy and hold.

To the OP. Although it may seem strange at the moment, you will be happier later on knowing that you supported the Bitcoin economy.

Then buy the same amount of Bitcoins you had before, and know that you only lost out on ~$130 of the price jump, and got in on the other $880. Which is a lot better than most people will do.

One strategy I think is good........ invest half of what you might invest into bitcoins. If the price drops and it is a bubble then invest the other half. If it can go to this high of a price once it can again. If it doesn't drop but just keeps going up you also win.

Jesus Christ! So the 'bitcoin' economy is supposed to be a 'good cause' of some kind? Get a real religion! The only ones supported here are they who made all the coins when they were easy to produce.

Need a gun?

Thanks, but no, I just make a better cryptocoin

GODDAMMIT FUCK ME
I honestly don't want to invest because if I get back into it my mistake will haunt me forever.

Just wait until the dip then, or invest in other thing like Gold while waiting :)

I feel for you! You could consider picking up a small % of your previous holdings and tuck it away... come back in 5 years. Can't hurt.  :D

If you have money you should try to buy some now. Better late than never.

As the Guinness advert says 'Good things come to those who wait'.

Have some patience, Bitcoin gravitates lower every time it goes up, just chill.

And avoid reading speculation, it's full of day dreamers that will only encourage you into making hasty decisions.

I hope you are wrong too. I will try to save up some monies and invest more when the price drops :p I just hated to see the price was around $180 last week but I could not afford to pick up more coins. Very sad!

You just NEVER sell all your Bitcoins.

That's simply retarded.

Better the one selling at $10 after the bubble.

OP, have you bought in yet?  :)

A $300 usd coin is very close, so you should invest again.

Yeah invest in it again. Maybe a little investment until you find your love for it again. This was a mistake. But, now you can learn from it.

I bought only 20 when it was 18EUR. I could have bought 500 EASILY without taking a huge hit on my savings.

Now I'm fighting hard to get to 70.


This game is never going to make you feel good.  If you wanna feel good go out fishing. These are the only guys you live to their 100s..:)

Join the club...  :'(
Looking back at pool rewards history is painful.

Well, at least you made a profit. I guess. Still a kick in the teeth though.

I did too. Does not really matter. Life goes on;)

No worries bro just wait for a crash they come along all the time. This price wont hold. You will have a big smile when it crashes back down. Buying now would be a mistake.

You will be glad if one day you wake up and see BTC priced at 1$.....

I am as sad as you are cause I didn't buy any Bitcoin before the massive price jump....

Looks like you wasn't alone...

How did you know it wasn't a bubble when you bought it before?

Lets just wait for bubble, if it didn't happen then lets just buy alt coins instead :)

Ah the joys of hating yourself for not investing in btc earlier!
Just buy 1 or 2 now and wait!

Hmm, the bubble will burst soon so then is the time to buy.

I sold my Bitcoins after massive price jump which is at $200 :(...

btce   20.65%   34104.01   283.00 USD

See bro no worries

Uuuuuuuuuntil you sell off and the price triples :O

Its going to go $400, so dont worry buy it back when its cheap again. Anytime before the BFL monarchs come out.

Nobody cares about BFL monarchs right? Since they are famous for delaying....

What if I sell now at $310 and price triple to $930.... so buy now and sell it at $930 :)

Now buy it before it went up future.....

Yeah, which means theres plenty of time.

I wana buy some BTC, I just don't like the damn wire tranfer thing that Mt Gox and bitstamp has. I'd rather go buy a greendot and give em the mony that way but nooooo thats to good for them.

That's why you use localbitcoin.com

& they r who ?

Yes I know i can goto ttheur site butt this is first ive heard of em.

You can buy btc from a member using cash.

I sold all my litecoin before the massive price jump... feels as bad right?

Its always not too late to buy right? Although it may crash but when it does just buy more...

Not even close. Litecoin price isn't increasing 1000x/year.
What price did you sell at and how many?

I also sold 10 btc before the price jump....

I didn't sell alts before the jump.

Money paks are reversible