Bitcoin Forum

Before I tell you how I fucked up, let me just say I am very aware of just how many newbie mistakes I made and how stupid I was. By all means, please feel free to laugh at my disgusting choices... the least my stupidity can do is serve as humor.

Back in May/June, I bought around 600 Bitcoin at around 2700 USD. I'll let you do the math on how much that cost me. But I believed in Bitcoin. The original plan was just to hold them forever. I was pretty convinced Bitcoin was going to go to $10K by 2018. Had I just left the Bitcoins in my wallet and done nothing, I would be pretty happy right now at $4000 per coin.

But no. I decided to try my hand at trading altcoins. I started off with Siacoin (this was back when there was hype around Siacoin).

Put in 10 bitcoins into Sia, at 450 satoshis... Next day, Siacoin went up to 600 satoshis. I was like "Cool, this is easy, I just made a couple thousand dollars in a day."

Next day I put in 20 Bitcoins into Antshares (now re-branded as NEO). Three days later, it went up as well. "Cool, I just made 10 grand in three days! All I have to do is buy altcoins low and sell high. So easy. As long as I HODL and don't sell in panic and just wait it out until it rises, everything should be fine."

You can guess where this story is heading... there's no happy endings here.

Basically, over the course of June, I invested pretty much ALL of my Bitcoins into alts, thinking they were going to keep going up and up. It was pure greed. Of course I should've just kept it in Bitcoin. Of course I should've done my research on some of these altcoins. Of course I should've not bought it at the very fucking peak before all the altcoins crashed.

Curious to see how badly I fucked up?

Here's a list = all the altcoins I bought, how much BTC I spent on them, and how much BTC they're worth now. Feel free to roast me, cause you could not get more stupid than this (especially putting that much money and faith into some of these altcoins).

Siacoin = 246.82 BTC → 72.94 (minus 70%)
CloakCoin = 139.27 BTC → 41.59 (minus 70%)
Factom = 120.72 BTC → 44.17 BTC (minus 63%)
Monero = 18.76 BTC → 12.96 BTC (minus 31%)
BitShares = 13.18 BTC → 4.54 BTC (minus 66%)
Crown = 10.26 → 4.05 BTC (minus 61%)
ZCash = 9.77 BTC → 4.13 BTC (minus 58%)
Golem = 9.13 BTC → 2.7 BTC (minus 70%)
GameCredits = 8.49 BTC → 3.1 BTC (minus 63%)
LBRY Credits = 5.71 BTC → 2.55 BTC (minus 55%)
BitcoinDark = 5.03 BTC → 1.96 BTC (minus 61%)
Ripple = 4.98 BTC → 2.03 BTC (minus 59%)
EmerCoin = 4.76 BTC → 2.02 BTC (minus 57%)
Digibyte = 4.38 BTC → 1.55 BTC (minus 65%)
Waves = 4.05 BTC → 2.76 BTC (minus 31%)
Ubiq = 3.89 BTC → 1.74 BTC (minus 55%)
Vertcoin = 3.35 BTC → 1.2 BTC (minus 64%)
Lumen = 3.06 BTC → 0.95 BTC (minus 69%)
Stratis = 2.96 BTC → 1.78 BTC (minus 40%)
SysCoin = 2.76 BTC → 0.98 BTC (minus 64%)
Ethereum = 2.53 BTC → 1.43 BTC (minus 43%)
MaidSafeCoin = 1.94 BTC → 0.96 BTC (minus 50%)
Komodo = 1.93 BTC → 0.94 BTC (minus 51%)
Voxels = 1.35 BTC → 0.67 BTC (minus 50%)
NEM (XEM) = 1 BTC → 0.88 BTC (minus 12%)
BitCrystals = 1 BTC → 0.41 BTC (minus 58%)
Ardor = 1 BTC → 0.34 BTC (minus 65%)
Wings DAO = 0.25 BTC → 0.15 BTC (minus 37%)
Expanse = 0.14 BTC → 0.05 BTC (minus 60%)
Why didn't I put in any stop losses? Cause I was stupid. Why did I keep holding onto these coins despite the massive fall in value? Cause I believed they would eventually turn around.

Trust me, I ask myself every day how I could've made THIS many bad decisions at the same time.

I totally get you if you think I'm making up this story and how could anyone be stupid enough to spend 200 BTC on Siacoin. Pure greed. I thought Siacoin would keep going up, and I could make a quick profit.

The only mistake I haven't made is sold any of the coins at a loss. Even as I saw the altcoins go down, I convinced myself that all I needed to do was HODL.

I'm still holding. Still hoping that eventually some of these might go back up to the value they were before, and I can sell them off at break even.

Of course I'm tempted to sell them all. Take any BTC I can get for them. Maybe put it into NEO (that train already left though) or some other altcoin that I hope will blow up. But of course that too would be an impulsive mistake. I'm just scared shitless, so I hold. I've made every single mistake I could made, except selling at a loss.

"Just hold." everyone says. So I do. But the people who say "hold" usually didn't spend 600 BTC on altcoins and watched their portfolio go down to about 200 BTC.

By the way, I know that when you compare it to USD value, not all of these altcoins have dropped that much. But that's not what I look at. USD value is deceptive, cause BTC keeps going up.

What I care about is BTC value. I'd give anything to just have my 600 BTC back (which of course would now be worth way more than the $2700 per coin I spent on them).

I realize that the chances of these altcoins ever going back to the peak that we had in June / July are very slim... the more BTC keeps rising, the less satoshis each of these coins is worth. Trust me, I know how much I fucked up.

Anyway.... feel free to laugh at my stupidity.

I'm open to any suggestions as to what to do with my altcoins now, whether I should just sell them back and get ~200 BTC for them, or wait for some of these to turn around... I genuinely don't know how to make this any less of a fuck-up.

EDIT: To answer some questions that have popped up:

Some of you are having a hard time believing someone who has this type of money can lose it in such a stupid way. Earning money, keeping it, and growing it are different skills. I fucked up on the last two.

A few of you asked how I bought 600 Bitcoins all at once. I used an OTC called Genesis Trading. Minimum buy order is 25K. You negotiate a bid, then you wire them the money, and they send the BTC to your wallet.

I don't have any NEO. I sold it when it got to break even, and then it exploded to current levels. So not only did I fuck up by investing in alts that went down, the one single coin that went up, I sold before it exploded.

I will reply to comments. I'm just catching up and reading everything that everyone posted and taking it all in.

Thank you to everyone who replied.

ok i saw this post earlier. a brand new guy copy paste a thread just to get faster rank up?

no man not with us.

Nonsenses some!
600 bitokonov - it's more than 1.5 million dollars!
If people have that kind of money, they are unlikely to be sitting on the forums.

The author has stolen someone else's text.
You can't do it this way!

Do not worry so much and panic. If you do not need money urgently, do not sell all your coins. Choose the 10 most promising of them and keep, the growth will be in the spring! You did not lose anything until you fixed a loss

The write i think is not new and was written some couple if months ago. I feel you should try the originality of your own post. You do not require a long written text or technical writeup to rise on this forum. No matter how short it is, people like me will still appreciate it and comment over it.
Notwithstanding, if what you really mean is what you have in the thread created, i would advise that you should not be afraid to invest, but invest right and sell when you really need to sell.

I feel your pains bro and most people have been there. It is a whole lot of money to lose, but I am happy you realize your mistake and you are ready to make some adjustments.

First and foremost, take a deep breath, it has happened and trust me mate, there is nothing you can do about it, at least for now. The first mistake was going all in on those altcoins and not practicing risk management. You should not even be trading the whole 600btc, but just some few percentage of it (20% is good enough as far as I am concerned with the amount you have). Also, since you believe more in increasing your bitcoin, you should not even use more than 2% of your trading portfolio on a single alt.

Secondly, you already know by now that when you are trading without any strategy, then you are gambling which is what you absolutely did. The only good thing I could see here is that you chose some pretty good coins, but just unfortunate you picked them at the top. Here is all I just need you to know next time before telling you what to do with your present loss based on my opinion.

1. You will be better off with long positioning style of trading and 4hr or daily chart should be your best option. Also, always watch out for bitcoin's movement more as it kind of controls the market; if it is dumping, other alts are taking the hit and same happens during bull run on bitcoin. The only time when they rise hugely is when bitcoin is taking some rest if you know what I mean.

2. Learn how to trade by following trend for long position. The use of MAs will always help, and learning some other few indicators such as MACD, RSI will help as well. You can also learn how to trade with candles (make sure you are using at least 3 strategies to make your decisions).

3. As long as you know you want to trade, learn to leave your emotions aside, and remember that stop loss is always the best language of every trader, but a minimal one. (Usually, you cannot do all of these without knowledge).

4. Once on the daily chart of any coin of your choice, make sure you are picking them from the bottom, and they are either changing trend or they are totally oversold which the RSI can be of help with that. MA crossing shows that a trend is changing but that does not mean you should just relax and not monitor your folio.

5. All these should guide you on how to make some research on what to learn on google, and you will be so surprised how simple it would be for you. However, after learning, start with just very little to build your skills and have some confidence from the experience you end up getting.

Finally, you have so much altcoins to monitor at once, so try reducing their numbers next time and put a buy order only when you are sure without forgetting the stop loss. Also, based on what you are holding now, it is already unfortunate you are holding them, but you have just two options.
 
a. They are good coins, but most altcoins have their season, so if you can learn fast, you can watch out to see how they end up doing for a while, as they will definitely pick up, but do not expect big gains anytime soon, so try not to be greedy and watch for the best time to get out once you have finally made good profit from some of them.

b. Watch out for change in trend of bitcoin and trade against fiat, but you still cannot do this without knowledge but if you can learn how to trade a breakout from downtrend channels, that would help. Hopefully, you will be able to take advantage of the swings, and then increase your bitcoin. However, please do not do this without learning as you will get emotional and even lose more.

For everyone in the OP's shoes, don't ever trade without learning as there are so many resources on google you can make use of, and even if you learn, no matter how much you have, start with very little you can afford to lose, and see how better you get. Do not rush, because the same way you rush in, you will end up rushing out with huge loss. You should get a lot of resources to learn from with this website. https://tradingstrategyguides.com

I wish you the best of luck!

I've read the whole story and it is really worth reading, unique experience. By the way, guys, I am sure that isn't a story of this guy, just copy+ paste. Could anyone send me a link for original story? I just wanted to read some comments and other answers of author

You really did fucked up hard, and i know you have learned your lessons,you just need to get some time to review each coins you wanted to invest in because most of your coins are shitcoins,im pretty sure you didnt do some research firsdt,the first thing you need to know is Bitcoin's price would dictate all the altcoin's faith that is why we need to stick with bitcoin if you want to be safe with the high volatility,70% of my portfolio is in bitcoin 30% is in the altcoins,if you really are a good trader you can make atleast 10-15% daily average gains from the altcoins.

200 btc is still huge amount i am sure you will still recover from your losses,always do a lot of research so you wont be fucked up with these shitcoins.

Why chew one and the same the text on 100 times . We've all seen this text . Well, I think millions of examples , but learn from the mistakes . Many unfortunately on their

Whoever did write this in the first place it is still pretty sad, many of those coins will probably remain static but there are a few that might come back to life, it's hard to tell somebody else what to do with their btc, it's a hard lesson but a lesson nether the less so I hope that the author takes it on board and learns from this mistake.

I believe I've seen this story before, and it seems you just copy paste that "not sure where's the joy in doing that  ???"

However, the main story is quite sad and obviously such a market teaches you loads of lessons "the hard way", and the main we learn along the way

You spent over a million dollars on bitcoin. I guess it means that you have quite some money. Yes, you made a lot of mistakes, because you invested too much in altcoins and most of those you listed aren't really anything special.
You say that you look at the btc price and that's what you care about - well, it's a fair choice, but, as if you once sell everything, you'd probably use usd to buy stuff, I guess you should analyze losses and possible ways of recovering in fiat. Hold monero, eth, ripples and waves. Sell shitty coins for btc and hold it for a couple of years. Even though you made mistakes, I am sure it can turn out successful eventually.

Holding isn't necessarily the right move.

Whatever money you've already lost is a sunk cost - it's irrelevant to what you should do going forward.

Whatever the value of your current holdings is, imagine that you had that much money in fiat currency right now.  What would be the smartest thing(s) to invest it in?  If it's not what you're current holding, then sell your holdings and buy whatever you think will do better!

This same story can be seen on reddit, having posted it there 6 months ago:

https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/

https://www.reddit.com/r/CryptoCurrency/comments/6tg3kd/how_i_fucked_up_and_turned_600_btc_into_200_btc/

It's a plain copy-paste, with no data updates.

Not feasible coming from a Newbie account. That's not the way to start earning merit.

I invested 3k USD on crypto. During last December I had 4k USD as profit. Some of the coins I bought up 100x. But at that time I though the prices will go up more and more. So I was waiting to reach the profit 10k USD. But what happen after that? Market was starting to crash last December. At that time I thought it recover soon. But it is not. Now I'm in loss. Now my portfolio value is 2k USD.
Now I have learn a lesson. Don't be emotional investing in crypto. Convert your coins to USD when the market is starting down and buy in the dip.

This story seems a very lamentable.I experienced the author's feelings while reading the article  ;D
 
 

Holding altcoins in the long term is not a pleasant experience. I fucked up and turned 10 BTC to 0.5 BTC in 2017. At the end of the day, you still have 200 BTC which is a lot of money to start with.

so you invested more than 1,5m$ and fucked up with noob mistakes. sounds really unrealistic. and as other noted - this is copy&paste

You should be doing a lot of research before investing with these altcoins because most of the coins you had are shitcoins,doesnt have good team and products that is why these coins have failed your expectation,only invest with coins which has good working product and development team,so that the roadmap will be followed accordingly.

IF this is a real copy paste, well good luck man,
If this is real and you did that way, you will never loose much as long as you hold that token and wait for the pump!
every lost is a sell on low, but if you will stay on your holdings then you just need to wait for the right time so no worries.

It is a nightmare story for any altcoin trader but this is reality. Risks are huge even with well diversification

Expect for a sure ban once this is just really a copy paste situation posted by OP which im really familiar with this situation that i have read in the past not so sure or its just me.Thats one hell of a bankroll considering you are investing 600 btc into alts.Its not bad to diversify but its way too much to consider and if you did able to resist the temptation of your greed then you might be happy on what you do see on bitcoins price as of today.

Im sorry for your loss,thats huge amount of investment though it is done you will still have chance to recover from the losses you have,all you need to do from now on is to do your part,researching will save your ass because investing to these solid coins wont fail your expectations.You just need to pick the right coin at the perfect time,technical and fundamental analysis will come in handy.

It happens, just don't do anything with yourself) Also in USD you are in plus. Just realize that for trading you need skills, not only clicks on buying and selling, even for stop-losses you need skills in technical analyse. And before buying some alt, use fundamental analyse - why coin should grow? - then if you find out the reason, you can buy. Just learn on your mistakes and don't make them again.

Do not worry mate in terms of usd you are ok, if you hold the good ones, your 600 btc can still be converted to1200 btc, just have faith and hold the good ones, once market start getting big influx of new funds and adoption, you will see your portfolio starting to get positive.

So you bought a broad basket of currencies which will emulate the return profile of the entire crypto-currency market.

Last year that market returned 6900%.

600 bitcoins * 69 = 41400 bitcoins.

Still worried about HODLing? :)

Need to be careful to play with trading and investing. But anyway you still have money for life and big experience and this is more important then bitcoin amount

Lol. Why would you guy just imagine he copied and pasted the post just to get a good rank. Even if he ended up copying, this can be a very good reference to anyone who ends up in a shoe like this, but what you have said will obviously not help. Shit happens every day and we all make mistakes. I will just advise the OP to hold them and monitor their values. They will recover definitely and you can buy back into btc when that time comes, but in the process of waiting, just keep learning and practicing with small to build your experience just as haroldtee has mentioned.

Here is the original link from Aug 2017
https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/

Could be the same guy just repeating his post on this forum, who knows.

Still tells a good story, focus on BTC value over dollar value always, I'm constantly telling people this and they always shrug it off

have you sold all of them? if yes it is your biggest mistake you should wait for the price to go back up and when the price goes up it is definitely bitcoin price also go up and bitcoin you have also go up, and surely you have to have patience very high if not then surely you will get loss .

Not sold, but convert in different altcoins when the price of btc and altcoins were very high, so after the January and February corrections the price fell more than 150%

Don't think about it that way, but you have a lot of assets, even though your BTC is getting smaller, your investment is investment, and I personally feel that the amount of money is going to go up, and I don't need to worry too much about it.

Never buy during the hype and pump period. Gotta be patient and wait for the dips; monitoring the market on specific coins you had already research for quite sometime, and personally believe in its long-term potential for growth, for an opportune time to enter.

Also there is no need to worry, since altcoins tend to fluctuate more, hence have a higher %drop but also have the potential for a much higher %gain compared to BTC.

BTC also tends to have a much higher MCAP ATM compared to the other coins because BTC is the "standard-currency" that bridges Fiat with the crypto markets, and that most coins are still only paired with BTC -- much like how the USD is the standard fiat currency (ATM).
However there are signs that this may already be changing, and other more technologically advanced altcoins are starting to compete with BTC in its current place as a "standard cryptocurrency".

many people think that your topic is the result of copy paste from others, but I am interested to argue with this, my suggestion to anyone who experience the same as written above, many people think that your topic is the result of copy paste from others, but I am interested to argue with this, my suggestion to anyone who experience the same as written above, you should HOLD your coins to the original price, because now crypto market indeed it is recovering and it still takes time to rise to the origin price

If you actually read the thread you'll see a link to a reddit post from august 2017 which is a mirror copy of this one, word for word

I know how it feels when you lose a lot of money,but look at the bright side im sure you are going to research a lot before investing to any of these coins because of this bad experience you will be more vigillant,those coins you have invested are surely most are shitcoins,you need to do extra effort of choosing these coins so your money wont be wasted in the future,your experience would be the best teacher,move on and dont do the same mistake in the future.

https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/ .
This is where he copied the post from , just close this topic and be done with guys like this.

Damn, even if the OP copy pasted it means that what we read happened to real person, this is just terrible, I would have preferred that all of this was a lie and the OP made all this up, let this be a lesson for all of us, do not trade if you do not know what you are doing, do not trade all your bitcoin and more importantly learn to hold, it has never been easier to make a fortune by investing in the right coin and hold.

That is really a bad experience,but your experience would teach you how to be strong,and a better person.Trading altcoins is a serious thing and it needs alot of time in research so your investment wont be wasted with these shit projects.I personally spent most of the time reading whitepaper and find those people behind each coin's team so i would understand and calculate if that coin will achieve success or failure.

Yea man, that was really dumb, but don't give up since you still have savings to gain profit but it will take some time.

Well, you're up in USD.  :D :D

Always look on the bright side of life.

Yes, you haven't lost anything until you sell your coint to fiat. Just hodl a little more and maybe you will return your investment with nice returns at the end. Just hope you haven't invested the money you needed for living.

This is a thread started in reddit six months back and looks like you have copied the entire content here,first thing you have to understand is that,there is a time difference of six months and still you are posting the same amount as loss  :P,i am sure you will get a ban for copy pasting contents,either way the only thing you can do with these sort of investment is to hold the coin for a long time,till you end up in a profit.

I dont know is it true story or not , but I believe there are A LOT of similar stories about unlucky crypto investors and I really can feel their pain , which they felt loosing 4 mln usd... damn , I guess it is really hard to accept such a grandiose failure .

One of the problem the cryptoworld is facing is weak hands and people focusing on the present and dont see the future.
Look beyond now
Hodl those coins
Check later by december if you are not worth over 600btc you claimed u have before trading alts.
Look into the future my friend

Yeah, very badly and I am sure he must have learnt his lessons by now. It is not a new story, this was on reddit like six months ago, and the OP should have at least quoted the original author.

It is however good to have it on this thread in this kind of period when newbies have a lot to learn and not just opt into trading because of greed but rather learn first before even trying anything. Not sure what the person eventually did, but if he held those coins back then, he should have gotten huge profit on most of them when the altcoins rallied recently.

Yes of course it is very sad that the sum has so decreased, but 200 bitcoin it still much. It is necessary to study and make the portfolio much stronger. Even if there is a decrease in the market, then to wait long, several months are possible. You had 200 bitcoin, but he has grown up several times in $ for 2017. Besides I would advise 30% of your investments to keep in bitcoin

You are a rich man if you can easly invest so much money in crypto.I believe you didn't invest all that you had,most likely 5-10 % of your funds,so you're still having a  couple dozen millions bucks and you'll be fine :) Just learn this lesson and don't do like this anymore.

Wow! That is a whole lot to take in at once! You really fucked up just like you have said, but nothing is gone yet. Like someone has rightly said, it is either you wait if you do not have anything to do with the cash for now, and then monitor them to see how they turn out as they will still recover even though it ends up taking some time. I have been there once, and I did not regret waiting as they even ended up surpassing my imagination when they got pumped.

And what if he did not ? It is an interesting post anyway and a lot of people have made a huge mistake like this in their journey of trading which I am not exempting myself. The most important thing here is to learn from them and like some have rightly said, take some chill pill and watch them grow back in no time. You have to understand the volatility of the market and if you cannot trade, just hold.

yes I know when your palms sweat to invest in some hot altcoin which eventually goes down and down which leads to you tilt investing in further crap ending in decent loss. Well the bottom line is that you still have good chunk of btc, don't need to worry, many people on this forum change with you :)

What is hoped for and how to get out of the crypto money market is definitely an interpreter. It is certainly a matter for everyone to see, and it is very bad and sad for you that your investment has so fallen. I wish you had just hid the Bitcoins in your hand. At least you would have made some profit on dollar basis and you would not have regretted such a regret.

And as I see, people in this topic are reading this with open mouths and thin how it can be....
Seriously, you even didn't create your own, you just stole this words from another person here.
Not ashamed?
If not - tell us another story)))) how did you earn, or another words, did you get 600 BTC?)
I almost want to get inheritance from rich uncle Sam, as you) or how it was?)

If this is true, then this money has got to the author of the story very easily, because one can not so recklessly dispose of such big money. Based on this story, you can even make a film, maybe Hollywood is already interested in this story.  ;D

this post looks like you copied this from somewhere for attention

I like the idea of buying lots of Alts but always putting orders to sell  half on double, sell half on double.. This was you take profits back in btc along the crazy roller coaster journey.. I wonder how your account would have looked then? (Probably betting that HODLing Bitcoin would have still been most profitable, but at least by a smaller margin..)

It's terrible, but unfortunately no one is immune from this, so you need to be ready for it. All the same, sooner or later someone earns money, and someone on the contrary loses it, so there's nothing you can do about it

Is this a real story? I will give you benefit of doubt. I can feel the pain to lost 400 BTC, it is alot of money. As you know trading come with risks, so if the market go the other way round, you will be winning 400 BTC instead of losing. Hope you will be able to recover the losses soon. Good luck.

Trust me Siacoin is going to give you good returns just hodl it for few more months. If miners are specially launching mining equipment for a coin means they have done their research and trust the coins fundamentals and dev team. Just look at how Dash got pumped after miners were developed for that coin. Just have patience.

This has been my biggest downfall as well (though on a much, MUCH smaller level). I had XVG, XRP, and ADA long before they exploded and sold them far below where they've since leveled out.

I am quite shocked to see the huge list of altcoins that OP have invested into, but I wonder how does the OP manage all those altcoins wallet as it is obviously not a very good choice to store huge amount of altcoins on crypto-currencies exchanges? The crypto-currencies trading market have not been doing very well at the moment but I guess holding all your altcoins is the best option for now rather than selling them all away at such a huge loss.

Where did you this post before? If you are really right i think report it to mod is good way.
Because i dont know the post before so noway for to report it.
However if the thread is true, its huge lose. Its not you fault to choose the coin but the all coin is really bloodbath.

  While I was reading the story, it seemed to me that this is a story about me ))
The matter is that I was bought approximately for the same sum and approximately at that time and NEO I also sold before its main growth.
Only I decided that I would leave everything for a long time and for today I already have almost $ 30000, well, now before I buy something, I'll definitely watch what happens to the coin.

The people that are questioning OP's text as original or not... he may be beggin for easy merits but in any case, it is good to remember how people can lose their hard earned bitcoins very easily by investing on total shitcoins, or just in altcoins period.

The first thing I say to a noob is to buy bitcoin and hold it, and forget that altcoins even exists. To play the altcoin game you must:

1) Have 24 hours of free time
2) Be lucky

not a very realistic business model.

Seems like you messed up writing this thread too, going by the number of repetitive rejoinders. That said, regret comes with hindsight, but learn to live with choices once made and move on from there, for mental bashing only gets your morale down, but learning the lesson helps you take better informed decisions.

Yeah, I'd say that's copied from a while back...

I agree, the most important thing is to be able to draw conclusions from existing situations. Next time the author of the topic will be able to make a more correct decision. It is not necessary to regret the past, the author of the topic should think about how not to repeat mistakes.

I hope this experience will bring great fortune  in the nearest future ;)

For those who are asking if this is a copy paste or not. Guess what here's the original:

https://www.reddit.com/r/Bitcoin/comments/6tfxq4/how_i_fucked_up_and_turned_600_btc_into_200_btc/


So yes, you guys are correct. It looks like the OP (newbie account), just wanted to have merit. Sorry dude, but your busted.

Yep, or this experience will deprive you of the desire to continue to engage in crypto trading, as harmful to your wallet and mental health. As for me, I begin to understand that this crypto space is not for me. I stopped seeing anything other than speculation or fraud here

Thanks for the story, dude. Let's see in the future what will happen next. May be in a year you will get fortune on alts =)

Someone reddit similar post here - https://www.reddit.com/r/CryptoCurrency/comments/6tg3kd/how_i_fucked_up_and_turned_600_btc_into_200_btc/


Whoever post is thei i will only say that When market will stand then you will rise again and may be your 200 turned into 2000

I agree, I remembered reading this exact same story many weeks back.
Although am not sure if it's the same writer. If it' you, I apologize but you are posting exactly the same topic.
However, I commend you (the writer,OP) for the story, it is a good venue to study and learn and don't do the same thing you did.

Need to be careful to play with trading and investing. But anyway you still have money for life and big experience and this is more important then bitcoin amount

It's true, this experience is priceless. In addition, the author of the topic still has a large number of bitcoins. With so much experience, he can easily turn these 200 bitcoins into 600 or even more.  :)

Damn I WISH i will ever get to 200-600 BTC. I am currently around 1.5 BTC when it's a good day. Started with 3000-4000$.

BUT i have to say that you have some great bags and i really believe that if you held it through this long you might aswell stick with it. When the bull hits us again some of your bags will definently take off.

Keep the spirit high and don't see it as a loss as long as you still believe in the projects. The projects/coins haven't changed since you joined, only the market, so trust your buys.

Good luck out there!

Havent you able to read on whats happening on here.? His 600 btc bankroll/investment comes down into 200 btc which its a 66.66% down if we do talk on percentage wont really be an easy thing to view on as an investor.The thing here is that those holdings or coins are good ones which most of them do really have the capability to rise up for long term if there would be a price reversal or bull momentum for sure those investments will pay off but for now on this bearish market all we gonna do is patiently wait.

How many here wrote that the user copied someone else's text, but what's the point? Why give someone else's story as their own?

Yeah i totally get that. It sucks  but in current market i think a lot of traders are in the same position. Maybe not in same ammount of btc but if you earn less it hits you just as hard if you lose less. But yes the projects are strong and if you held until now there is almost nothing else to do than to keep it and hope for the bull to take of sometime.  

Yes this has happened to me during a trade, this had occurred when I was unaware that the price of bitcoins usually vary from country to country in respect with their own cryptocurrency when that happened I paid more to buy some bitcoins according to the rate in their country of Venezuela rather than of my country.

Current prices are really very attractive. Yes, most likely the crypto currency will recover to past price highs after a while, but the crypto world is very unpredictable, anything can happen here. Losing money is much easier than making money, an example of the author of the topic is proof of this.

Look like that, because I saw this text already few times. And on the different languages already.

That very big money, you should use that money to trading , focus on that and should has diversify risk when the crypto market down trend just like now. Actually iam also lose more than 50% because i made some mistake, iam not focus on trading and not cut loss it when market down. And from this mistake i will learn more other strategy to recover loss.

In the current situation in the crypto currency market, it is better just to wait for the next wave of growth. If the author of the topic has invested so much money in crypto currency, then I think that he can wait half a year or a year. Having made a great investment in crypto currency, we should not lose faith and leave, we need to wait for improvement in the market.

It's a sad story and currently holding value drop from 600 BTC to 200 BTC, YES , it's huge loss now , but it's just paper value, that's not a true loss because you still holding them and never sold them yet, trust me, market price will start rising soon, 1000 BTC profit is possible when marketcap up to 800B, So, my advice is : Holding , I think most of us also loss money now, but we're waiting and trust cryptocurrency  8)

Guy! I read and cry, just cry! I'm so sorry about you and your money. In any case, you can only wait! If you give up and sell your tokens, you'll never forgive yourself for that.

As they say, bad experience is also an experience. The most important thing is to draw the right conclusions from all that has happened. You obviously need to pay more attention to trade issues.

OK guy above me practically necro posted (it is not that old a thread but OP seems to have disappeared). Now I know everyone must be taking in profits now, but has anyone been curious enough to see how much anyone who did what OP said he did would have made if he did not panic in February and March, and at least waited until this week?

I notice a lot of his coins have even gone lower, but cannot be unlazy to perform calculations like that.

Sad Story, yet a good wake up call for greedy people who just wants more when they already have more than what they have.

To be honest I did a lot worse percentage wise, but fortunately not in absolute figures.

200 BTC is still a lot of money, I can only dream of such an amount. In fact did you open this thread to humble brag?

If this story is LEGIT, then all what i have to say, is that i feel sorry for you mate.

Wow, losing more than 66% of your entire portfolio is as shit as F***.. I can not even imagine how does it feel, i am on bitcoins since the price was less than $100 each one of them (sadly, i am not holding those that i bought at the beggining)

Get in touch with Ethan, he'll get you out of this shit.

This is him:

twitter.com/MoizPerception

Counties will store there wealth in btc and ax the dollar for wealth, its endless what it could be used for in storage of wealth which is just one uses.