Bitcoin Forum

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

Well to be honest, with you, if you have that kind of money to cover then go for it. Because the price can be still considered somewhat low if you take into question the price that is thought to be in a few years (4000-5000$). But I'd be careful this time if I were you. :D

Too late, price is already $2500 now you could buy at $2200 and earn at least $300 2 days ago and even now is not that late if you hurry.

Really bad of you. Just because of the exchanges PBOC made the regulations and an inspection, but finally the end sufferers were the common men who have been making a good earning and finally unable to do anything same as the Op. Nothing can be done as well none in the forum would show interest in taking such risks staying away from your nation.

People losses in their bad decision but care to monitor first if its really worth for you to buy again at this rate since anything would be happen again if you rush your decision on it maybe try to monitor first some aspects on its downfall times and see some charts on its past movements so that you can tell and analyze for yourself that its worth to buy now and earn some profits for yourself this time around.

It is not late because do you know bitcoin prices will never go higher than current price?

For any investment all your earlier mistakes are learnings and with those experience should move on but shouldn't stop and just regret your mistakes. That's why people always says that it is better to diversify your funds instead just keep in one asset. You should have kept some bitcoins, and some should have used to buy other coins but now still you can start slowly again, and over the time you will still gain a good profit.

It's not too late.  Though I'm scared of how fast the price has risen in the last few months I do think we can go much higher, but the key is s.l.o.w.l.y.  Nobody here wants us to crash down to $200 again.  Lots of you probably think that's not possible, but that's typical bubble thinking.  None of you probably have ever experienced one of the speculative bubbles of the last two decades, and this all seems like you're floating on a cloud.  If we don't start slowing down, none of this is going to last.

But yeah, buy in now.  It ain't too late.

Yup! Buy now as you still got a chance to jump in. The current price of bitcoin is not highest point which it can achieve it just 20-30% percent what it can really achieve. So it is better you start you jump in now. The speculated price can each $ 3500- $4000 easily by the end up of this year atlas within two month of next year 2018.  I know that is hard to believe but what can lead to trust is bitcoin was $200 two years ago and it is 2500 now. The mining has advanced a lot and it is being implemented very fast now a days. More of it causing bitcoin to rise in value day by day. So yeah its good time to jump in otherwise you will burn next year too.

I think it will not be too late if you are a long term investor. Bitcoin will increase in the future, but it will not increase continuously because it takes time to relax and cool down. You buy for the current $ 2,500, so that one year after that number can be up to $ 10,000 / BTC, it is expected for a glorious future of Bitcoin. But in terms of the present, I think history may repeat itself, some news that could blow down this Bitcoin bubble, but in great detail, no one knew what would happen! Consider your money if you are not a Long Term investor and patience

I am sorry for your loss but I am sure you have learned good lessons from it. Now, I think if you are looking for a long term then you can go with the current price and with the volatility of the price which I am expecting,  would give you the average price for around $2K if you are buying in small parts (multiple orders with low quantity, high frequency). I am not much confident if you are looking for short term profits.

If you are looking for long time investment, then you still can buy it, for the next 3 to 5 years, so many people believe that bitcoin will spike up because there are so many country start to adopt bitcoin, playing with alt coin is like gambling because the outcome is hard to predict, actually if you buy the right coin you can get more profit than bitcoin

Do not invest in Bitcoin. By your own admission, you clearly don't know what you are doing. You are not investing, you are gambling.

Watch this: https://www.youtube.com/watch?v=WtKMKKnBX-Q

Do not listen to the idiots here that are encouraging you to make a bad decision.

Invest in something else instead. Invest in something you understand. You may not make as much and you definitely will not lose as much, but at least you will be able to sleep at night.

They say that if you are playing with fire, you'll get burned. Well that's sad for you because many have thought that ltc will overtakes Bitcoin price and turn into that altcoins instead. It feels like Bitcoin is saying that "don't forget that I am the legend". Of course we can't blame people on that because we can't always predict the trends in trading and cryptocurrencies price.

I think before Bitcoin hit 3000$ you should buy now. Buy what you can afford.

To many fuds scattered before for ltc since many people say that ltc coin are much better than btc and it create little impact unto that but suddenly bitcoins price dump so hard and ltc has been left out thats why some of the investors, stakers feel bad from it and lose their hodl money for quite while. But if they save their LTC up till know well if surely they have earn even double from their capital at this matter.

I do feel your pain and hope your new investment will yeld high profit that will out value what you have lost in the past. But to be frank with you, I think you are buying at a wrong time and that is why you are lossing. If you buy goods at retail price, you will definitely going to lose, please now is not the best time to buy.

Every investment is a gamble, without risks, you will not earn or get a profit, you will always be scared to invest.

We still don't know what may happen to bitcoin's price this August, many predictions are being asked and told, still we don't know what may occur. These days, bitcoin is not the only popular digital currency, theres ETH which is following bitcoin, maybe you can check it too.

Yes, all investments usually come with some kind of risks and we should take some risks based on our financial needs to grow our money for future usage. If you don't invest then you can't grow your money but we can reduce these risks by properly diversifying your funds. Don't invest all your money in any single coin but invest in few good coins. If anyone performs bad others will compensate those losses.

If you're into holding bitcoin as an asset for the long term, I don't see any reason why you shouldn't buy now. I mean, it only looks disappointing in hindsight but no one could have really anticipated this. I saw The Economist sharing a post of FB saying that if you bought $1000 worth of Biticoins in 2010, it would be $46M now.   ;D

Still, the prices can still rise and you can still earn some profits. Just don't expect it to keep making steep climbs. Though bitcoin has been on a steady ascent, there have been many plunges here and there.

And yeah, don't get into trading if you don't know what you're getting into. I've only traded small amounts since I don't have much to begin with anyway.

While you think and doubt - the price is growing. You just waste time. Just buy bitcoin and do not think about what happened in the past. Now the price will go up all about it say. You still have a chance to make money on it. If it makes you feel better, I'll tell you that I also plan to buy bitcoin now

Well sad to know about it. But you know that alt coins are generally not the best bet unless you are sure that even after a year that coin will have value and exists on exchanges. Well btc on the other hand will always be there though  its value may rise and fall but it will not be that too bad as it will always rise even after the fall and this we have seen in past too.

Unlucky man, but don't let those experiences ruin your succes in the future. Try to learn from your mistakes and be patient. You haven't lost if you haven't sold(HODDLL).
Personally 2500$ per bitcoin is still a buy since the potential of bitcoin is super high in my opinion. You can maybe wait a couple of days for the price to stabilize around the 2200 mark but it might as well go to 2800 and test the ATH

I think that is exactly what an investment int bitcoin (or any other crypto currency) needs: patience.
The price is so volatile, there is no way to predict how it behaves in the near future.
But if you look at the long run, it has always recovered to a level where it before at some point.
It can take a while, some years maybe, but it will always recover to a point where you can sell without loss.
Just be patient and do never panic.

You made the choice and now learned from it.
Think of it the other way. You got courage doing that and you might be feeling the regret but have tou ever think what if you didnt made that mistake. Will you know this facts now?
You cant go back to that mistake but you can earn it back with your new knowledge.

Just buy BTC, at any price really - $2400 is still fine price compared to our recent ATH price. We can be absolutely sure that BTC will reach and beat previous top price.
You lost money during your previous trading sessions because you were too impatient. If you would keep both BTC and LTC to this day your profit would be enormous.
If you want to earn fast buck focus on ICOs, pumping shitcoins. If you want have solid ground and profit for sure just hold BTC - position trading FTW!

Even now you are not too late since bitcoin price is expected to reach soon from $2400 to even $5000.
But your previous experience should give you a lesson.Never jump from bitcoin to altcoins on seeing spikes.No altcoin could become a bitcoin in any aspect.Just buy as much bitcoin as you can now.

Bitcoin entry price is irrelevant if you are here for the long term since we'll be at $100,000+ by 2030

Altcoin speculation is another story. You want to buy LTC now? i dont really get your message.

I think LTC may be one of the ones that pump during a possible UASF-fueled turbulences.

If we are able to reach an agreement, it will be the best, if not, then we may have some fireworks with smart money will use to enter the bitcoin market for a discount. Some alts may or may not pump.

Go.

Remembering your past activities will just give you more regrets. Since you are here in bitcoin world for long time, you must know that in long term, bitcoin should reached much higher prices than the current. This $2,400 value will soon be considered as cheap price. If you have some spare funds then just do the buying. Price down is possible on the way but are you going to wait for that before to buy? What if it will happened on $3,000 level? It's not too late and never be will. That is the risky method that is worth to try.

It is a tough choice, maybe you could buy or invest altcoins and then do not buy or invest at only one altcoin, by doing so you could spread your posibility of winning chances. There is always a counter part though, you can somehow assure your profit with this but your profit value is less wider than focusing in only one.

I had a similar situation. I bought a lot of bitcoins back in 2013 at around $200-$300 a piece. So I had about 10 bitcoins then I gambled it away. That wasn't that big at the time so I was ok with it. Now, the prices are at this levels, I feel the burn of wasting that much of it. I could have profited big time if I just kept it with me.

The price of bitcoin will continue to grow. Need to buy some, but I suggest to buy when it falls. Almost every week we see a jump. Wait for maximum drop and buy. Last week we saw a drop to $ 1,900. Now we need to wait for the fall to 2000-2100 dollars.

You missed the opportunity to buy when bitcoin dip to as low as $1800 a few weeks ago and now is has recovered to $2500. But just like what I advise others, if you have to money to buy, then go get bitcoin because the chance of it increasing is very likely. And also you should invest what you can afford to lose. So at least you mitigate your risk when things went up downhill. You can also buy just a small portion and try to observe the market trend. So in case their is a dip, it will not be a big loss for you. Goodluck mate. It is still your decision to buy or wait.

Not just missing this opportunity, it seems OP is missing almost all the opportunities, bitcoin has brought to us just due to lack of faith with bitcoins. There are people who are just holding that bitcoin into cold storage and forgetting completely about it but still just watching price movements and enjoying their big returns with bitcoins.

Only if we are believing into bitcoin, I guess we can make our fortunes. If we keep on switching over to other investments/altcoins just to catch seasonal growth, we may end up missing out like how OP did.

There are always opportunities everywhere. It burns to know of one opportunity missed while being unaware of the hundreds or thousands of opportunities also missed that were just as good.

WOW this is crazy this morning price was $2400 and since OP posted until now it has increased $146 according to

Coinmarketcap.com, I don't know why some people wont cherish LTC as it has 2 minutes delay for confirmations.

I want to know what is exactly stopping it's price to reach $1000 even with it being the silver to the gold of crypto?

I wont risk entering when the price is so pumped up,i would rather wait for the right moment to invest,because it is all about timing,what i would do is find a good alternative and invest in that for the time being and multiply my money their rather than waiting for the correction and that is my advice to you. :)

I feel your pain. I converted some of my bitcoins into FIAT back in the day when it was around 1k$. Also took the FIAT from the bank cuz i hate banks.

Guess what have i done few days ago... I actually bought my bitcoins back  from 2800$ with the same amount of FIAT i got before.  8)

This is how i executed the master troll trading secret recipe: Buy high, sell low.

I learned it by the hard way. If you ever going to sell your bitcoins, that should be your final move in your crypto life.

Altcoins don't just shoot up in value and the "LTC is the silver of crypto" meme was something back when LTC was relevant in the crypto economy, not now when it has been replaced by a ton of other cryptos. The only thing LTC has going for it now is Segwit, and that won't pump it up to $1000.

A lot of community speculation helps to increase the value as well. If they don't have a ton of enthusiasm from the community, the value won't just magically get to a point.

Lol me too. Overthinking would make us lose the right chance to profit. The price may be a bit expensive right now but it may very well be worth it in a couple of months if you buy now. Waiting would most likely leave you in regret

I think you have to decide first if you are on for the long haul or if you still want to "jump in", in which case you ought to set a "jump out" target. Longer than 6 months and you can definitely buy in now even at 2500.

I used to say that it is not too late to get on board even the price of bitcoin is high. However these last days, I feel no assurance for bitcoin. Due to its uncertainties, engaging in bitcoin or not is a tough decision to make. We have the scaling on August first and the rumor spreading that an alt coin might overtake bitcoin's place. To an experienced bitcoin user, he may think that all will pass and bitcoin will succeed. However, in times like this, being wise is the best weapon you can get. If you will invest again in bitcoin, be wise and monitor its every step. You cannot be too sure so play wisely.

Feeling burn is like a loser.No chance of success.Its like he lost everything.Like if your in a job you feel no hope in everything you do,you feel useless and you dont feel on what you're doing,you dont feel comfortable.

Thats a sad thing which happened into you but im sure you are not the only one who experience such loss because this is really a part of learning process on doing trading.For now i would say its not a bad idea to buy on the current price as long you can afford it to buy some but if you ask me ill wait little further on a certain dip of the price maybe 2100-2200 to really make shorting on a little span of time to secure profits later on.

I guess now, its too late to turn back. Irrespective of how much you want to blame yourself I am sure you are not the only one in the same position as almost every one would have fallen to that at one point or the other and that's why threads about bitcoin regrets is always full with several experience in a matter of hours. The most important is what do you make out of it? Do you want to still continue whinning about it or moving on?

First off I just want to say Trading is not a place for newbies to play around because real money is at stake here. Everything must be in your control from your plans even to your emotions must be always in check. Tradings is not following the hype but following your plans which will soon create the hype (if you are correct). Finally another alternative for Trading is Sitting and Holding (which is also called Investing) no matter what news you see or what hype you see about other Altcoins you must hold your position and be optimistic about it growing overtime.

I feel sorrry about it dude but what will you do now, just leave it in the past and move on, it's sad to loose like that but I will recommend that going forward you buy and keep bitcoins irrespective of what techniques or strategies that someone might prescribe to you, just keep believing and in sure you'll recover your losses along the way as Bitcoin soars forward.

Altcoin market is more volatile than bitcoin.Most altcoins are just pumped and dumped.So it would be better to hold bitcoins.If we see the previous price history of bitcoin,we could clearly see that bitcoin price has increased gradually from time to time.So better buy bitcoins.Bitcoin price is expected to reach $5000 soon.

Not only you in this world who feels the pain like that LOL, mine have the same case as well  ;D. But well, keep on heading the future, maybe we'll get the second chance.
And about buying while at the rates of about $2400. Probably you've got the profit of $400 for each BTC today but well, if you're not yet buying it, alright then. The price is now currently on its peak and really vulnerable to recent correction to be coming. TBH from my opinion, not a good idea to buy the bitcoin right now. The price rather too expensive and make our investment worth a little, but if you're believing that the price will always go up by the time. Just try then.
There's some news that Russia is now accepting Bitcoin, may be a good reference tho.
 

sad also know about it. but alt coin that is generally not the best unless you are sure that one day the coins you have will have no value and there are in stock. even though the value will go up or down but it's not too bad because I am sure that it will continue to grow even when falling though will still increase.