Bitcoin Forum

do not do my error, go away until you can, this is a gigantic bubble, in few years people will laugh at "that bitcoin bubble of 2013-2014" and books will write on it. There is no future.

You are not a true believer until you go ALL btc...

Thank you for the warning. But I put in a reasonable amount and made a fortune. So...

And if you were a real HODLer, you would delete all your private keys.

I followed the same pattern of thoughts in 2011 and regretted a lot later.

I personally don't trust this crash because it was started by gox. Right now gox is almost at the same price than stamp, other exchanges are not following it anymore. If I had to bet I would say this downswing won't last long. Hopefully I'm right.

How is it possible that you see in the future, and yet you're losing money in the markets?

very very dumb post, you didnt almost lost it all, only 10-15% which you should make back soon

Maybe just a wrong timing when diving in. You hit head on a rock instead of the sea.

This drop is just for Mt.Gox it is completely unrelated to bitcoin fundamentals... it will just recover soon. What we really need is P2P decentralized exchanges... So sad in 2014 still we don't have them :(

The error being, putting ALL your money in one basket, yes that was a huge error on your part.

The downtrend could lead the price lower but we have to look at the long term perspective. If the price goes down more it will be a nice buying opportunity to get our hands on some bitcoins

bingo.

the naysayers were whining the same thing when they bought @ 265 followed by the crash to 50.  if you held though, you'd have made a fortune.  same from 32 to 1.98.

this time will be no different.

This post is ridiculous, BTC-e was solid during the gox dip.

I sold 25btc for $120 back in the panic of 2011/12 lost out on some good money, Don't do the same.

I lost about 300 bitcoins because I thought the same thing when we were at $4/BTC and I thought it would crash to under a dollar. Shorted a lot at $4, it fell to $3.60 then jumped up to $4.50 and I got squeezed out.

How many bitcoins did you lose?

I wake up every day hoping to buy more BTC, regardless of the price. Bankrupting miners doesn't concern me either. I am a hobby miner, I just want more BTC.....

Would change my nick name to coincollector if i could.

Well, Bitcoin isn't an investment, it's a cryptocurrency.

I just want to buy some cheap coins, don't you? :)

pm theymos and he may change your nick if he isn't too busy  ;)

+1

OH, BTW it's already rebounding.  ::)

I guess in few years you would cry that you believe yourself.

Bitcoin is a future!

Is it so hard to learn that you need to HODL youre coins?

the OP is just reflective of what we've seen many times over the last few years.

a FUD poster who comes in here and states something inflammatory in the OP and then can't back anything up in following posts.

Last year at this time, Bitcoins were worth $22 USD each.

Today, after the fall, $750...

:) ahh always when someone mention  price from year ago I am getting into dreams that in 2015 it is going to be
30000$ :)

At the same time, if someone invests every asset they have in BTC and moans that the price down swings a little bit, it's simply the best sign that they shouldn't have invested everything.

Only invest what you can afford to lose.

Yeah you are right, because F**K LOGIC..! being pessimistic never gonna work for you..! this is no quick profit here in BTC, and BTC are not here to generate you any kind of profit , it is here to replace blood sucking fiat ..!

please sell, need cheap coins!

Cryptos are a risky investment. You are right. But the reward can be extraordinary.  ;D
Never play with money you can´t loose.

Bitcoin and no HODL (https://bitcointalk.org/index.php?topic=375643.0;topicseen) = sure loss

Just to be clear. When you buy hi and sell low, it is not bitcoin that has failed.

"You need to diversify yo' bonds, n---a!
-Wu Tang Financial

This is actually very sound advice. Never invest all your money in any one vehicle, and ESPECIALLY not something as unknown as Bitcoin.

Twitter's stock just tanked 25%. You would have been better off putting some in twitter, some in  Bitcoin, and the majority in Index funds or mutual funds.

Dr Bitcoin

I put $20,000 when bitcoin was $17.  If I had the notice the OC provides today - I sure wouldn't have done that.  I was unaware this is all going to nothing.  Boy, do I regret my stupidity!!

Hindsight is apparently 20/20 but your foresight is fucking ridiculous.

Your fault, you panic sold. Go learn some patience.

I agree. As Douglas Adams said in The Hitchhiker's Guide to the Galaxy, DON'T PANIC!
As OP would say, don't do his error!

I disagree.  Electronic currency is the future and will only get bigger and better.  Currently, with the uncertainty, it is simply an unstable/volatile investment.  I know two people who invested and almost doubled their money in a two week period just to lose it all and then some a week later just to gain it back and cash out making a few bucks after a couple more weeks.  The more time that passes, the more stable it will become.  Just don't fall into the same pitfalls investors in other mediums fall for.  Don't freak out and sell right away just to get out.  This is also known as buy high and selling low.  if you lost today, you could possible double tomorrow or in the coming days.

Chin up....

LOL you invested, waited until it drops to the bottom and sold?  ;D Either you invest and hold for at least 6 months and see what happens, or you invest and keep finger on the trigger to sell immediately on the first sight of crash.

.

Buying and selling at a loss is, most of the time, either due to the investor having panicked (sounds like it in this case!) or the investor having used money he couldn't lose and pulled out before potentially losing it all (again, sounds like our case).

Either way, I would've held.

Well yes. True question is how to invest into crypto and loose it all?
It is quite interesting.

Anyway Op seems to be hiding some secrets for later :-)

.

i lost much more , much more. I bought when bitcoin was 1050 cause i waited to much and at that time it seemed it was going up, and exactely in that time there was the epic dump. I waited a bit, then when i saw price going under 700 i had to sell, i simply could not bear a bigger loss. BUt bitcoin recovered slowly so i made wrong decision. I decided to enter another time to get some money back and i was newly unlucky. Ok i should have hold. But i am not a long term investor, i do not give trust to bitcoin, to me is a temporary bubble and could end from a moment to the other and value go back to 10. This is cause i sold so fast. Totally i lost about 4-5000 euroes of 8000 euroes invested in 2 attempts, i tried cause all my friends were doing some money with bitcoin and convinced me, at last. So i tried to do the same, after being what i supposed to be well informed. I did my bitstamp account and bought. I was unlucky. It was maybe the worst moment of all year, almost. And even this second time, wrong moment. I will invest nothing on bitcoin or in other financial assets for all my life. I am a 25 yo italian boy and i am a father since 3 years ago, i have a little girl to breed and an uncertain job which gives me simply enough to eat and nothing more, and i am even trying to continue studying, even though is very difficult to find time.
I was illuded to make some money fast, money which i would have really needed, people convinced me it was easy, someone made 10 times the money in few months, so i tried too. And i am serious now: i put about 80% of my savings in btc, i will be hardly able to pay the leasehold next month, and this just cause i have been stupid and believed shit people said about easy earnings. Best regards, i leave this website and bitcoin community forever, i hope someone has read this and will be saved too.

.

This someone was smart. You are not.

I constantly see you pointing out to morons people in here the obvious. Does your forehead hurt yet from banging it against the wall?

am I the only one LOL'ing at the OP's choice of name?

I have the rare gift of feeling sorry for people who have problems that they have caused themselves. If you are still there, OP, I do feel for you, even though it is obvious to everyone that you have made some major mistakes. I hope you can make ends meet. I have certainly had ups and downs with bitcoin, though on balance more successes than problems. I wish you good luck and a wiser head on your shoulders in the future.

Great news, see below:


Bitcoin has a solid history of making new highs, you haven't really lost at all, just hold on and also buy more.   :)

I'm sure people felt the same after every other all time high.

Bitcoin takes plenty of knocks on a daily basis, it's also becoming a more solid proposition globally by the day too.

Looking into the history of the value, it should be relatively clear that it's a multi-year leap of faith. Another 2013 may never happen again for rapid gains but the room for price growth is still huge.

I think you should retain a little bit of trust and keep a small amount. I've bought 2.1 bitcoins each for my friends as a symbolic number. That might be a life changing amount well before 2020.

Based on his second post I'm not sure he still holds any bitcoins.

Shame. Well, there's a good possibility he'll be able to buy back a little bit for a good price in the coming days and weeks. Depends on whether the OP can bear to do it again.

BEAR with us till monday OP, you can do it! Maybe Gox announces fail and you'll get your money back.
http://1.bp.blogspot.com/-KE4kAXggUps/Tkrn9lQQKSI/AAAAAAAACVk/z-9qynAlGNo/s1600/Funny%2BBear%2Bpictures%2B%2B3.jpg

It's all about faith OP, which clearly you have lost! or maybe i'm just being way to optimistic but either way i believe btc is a going to skyrocket in the next 3-4 weeks  ;D ( just an opinion )

https://i.imgur.com/SbkGRKb.gif

I hope you're trolling, otherwise you have made ​​a big mistake. I guarantee you that the price in 2014 will tap at least 1200, and probably much more.

>A little girl to breed

Lolwut?

On a serious note though, stop selling! Bitcoins fluctuate in value all the time. As more companies start accepting them- this is growing exponentially- more people will get into them increasing the market cap. You'll be glad as heck that you were an early investor.

Whenever I (or the price) feel down, I change the chart to 6 Months, and remember I'm up 800%.

whenever btc price crashes it will back and rise with in months. I am expecting bitcoin price will reach $10000 in 2015

Sorry to hear that man.  Never ever invest more than you're willing to lose.  If I lost everything I put in right now, I would still be good.    I would say if you really really need the money, get it out.  If not, just hold on for a while, it'll go back up. 

I feel sorry for you, but you did the typical mistakes which most people do, buys on high, sells in panic, and then real quandary is that you put the money which you can't afford to loose in an experimental currency. If you believe in something you should wait till confirmation (goes up or goes to 0) , if don't believe in something you should not invest, no-body on average can't earn by trading the market.

Investing is not for everyone - I am in the mining game and it is challenging to keep eyes on the ball (that BTC is an investment) - keep running the numbers and it gets scary when the bottom seems to be dropping out.

I like the idea of changing the chart out to 6 months and looking at where it's been though :)

Price is already going back up.  The litmus test of whether you've invested too much is if you panic when price drops.  Invest only what you're willing to lose and stick with it the whole way through or until your exit strategy kicks in. I hate to say it but this is a game of people making logical trading decisions outsmarting people making emotional based decisions who end up losing out much like the stock market. 

Imagine how stupid has to be a person  to invest a significant amount of money in BTC without realizing what you just wrote. They didn't even bother to study what happened in the past, which would prepare them to BTC 's extreme volatility.

People like the OP are those buying high and selling low, and then crying in a couple of years while asking to themselves why they sold an asset that has grown by more than 1000% every years since it's creation, despite of negligible dips on the way up.

I guess traders need this kind of people, from them they take their profits.

True but its still sad.

These type of people are just looking for a get rich quick scheme, and panic when the price stagnates or falls. They don't care about it as a currency or a revolutionary concept or what happens to it in the long run, but just want to earn a load of easy money in the short term.

If the price dips just hold it until it rises, then sell if you want to get out. Investing in anything is always a risk, and btc is no different.

Not gonna happen. The only way to get rich was to get early enough back in the day, we missed the train so we are headed into a life of missery and in general not being a millonaire. The only future millonaires off bitcoin now will be already rich people that can enter into the market hard enough at current prices. There isn't going to be a similar bubble again in our lifetimes. I wonder where all these "bitcoin could reach 1 million" people will hide when they realize that's nonsense.
Btw, no one cares about Bitcoin as a cryptocurrency, only a minority do care. I hope it's a success, but i've never seen anyone in real life that knew what Bitcoin is. The only people that care when I explained it to them were other nerds. So yeah, we have 1% nerds which care about it as technology, and 99% speculators that dont know shit about technology. I've heard more "normal people" talk about Dogecoin than Bitcoin, which shows in the number of transactions Dogecoin already being the world's first.

Thats because its really, really new mate.

You might make a bit if you get in now and hold out until full mainstream adoption, then you'd probably be pretty rich, but will that time ever come? Who knows.

.

If you expect to invest in something and get a huge profit straight away, you're going to have a bad time.

If you threat bitcoin like an investitment not as cryptocurrency you might have bad time at all.

Because to do so you need to be patient.
And do not panic when price is droping.

If it's ever to go relatively mainstream then the price must rise by orders of magnitude for it to be usable by a significant number of people.

The last few months have been an amazing time to buy in. 12-18 months ago it still would've seemed like it could die at any moment. Fast forward to today and it's being backed by some serious investment, probably tens of thousands of extremely clever people and it's being discussed at the highest levels.

Despite all this, very few people in the world have any or truly understand what it is yet. That's a dreamlike combination for future growth but it will take a few years yet.

That's why it's still a decent investment regardless of current price.

True indeed. Bitcoin and whole crypto market is just a baby yet.  We need a lot of time to grow up this kid.

This is like Amazon in 1996

Yes it is.

And I remember that it was like skyrocket - and after big bang, suddenly 40% drop of prices :)
I hope Bitcoin would go better than amazon 1996.

Every time there is a tiny crash , some people appear out of nowhere and claim they have lost everything because of the crash , savings, wife , job , dog .
Surprisingly enough , none of them come before and said it > "I've invested all my money in BTC".


Also , seems like you lost also 90% of your posts.
https://bitcointalk.org/index.php?action=profile;u=215377

Were they all in giveaways threads?

Hehe :) so true! But this is normal.
Just get use to it.

We have here maaany new traders and they dont have any experience at exchange markets, but they invest money and they think that now they are going to be rich.

And when -10% comes they do panic a lot.
What we can see here @ forum.

Since 2 days while BTC price is quite dropping I read about hundred posts from panic members.
Makes me laught a lot :P

Bro, you are gonna regret in a few days.

sure he will :P but he is noob in cryptoworld and he think he s right (for now)

After lesson learned maybe he become more smart in his next posts.

Yeah, better keep the coins or start investing now. Thing is gonna burst soon..to tha moon ;D

My dad bought at the top of a bubble ($31/BTC) and it crashed to $3/BTC. He held, and now it's worth >22X what he paid for it. Took three years, so if the doctor tells you you have 24 months to live, I guess you're screwed, but otherwise you might just want to wait.

So true. I panic sold once and remembered the lesson. Now, while I've bought at $810 I simply hold and wait. Since I have only invested money I can afford to loose, there is no stress. As I expect another chunk of fiat I can invest, I plan to buy more BTC.

This is why corrections are necessary, to shake Bitcoins out of weak hands. Very healthy for Bitcoin in long term

I agree. These kind of collapses at least scare idiots away who think they can just make a quick buck as the profit will keep on magically rising.

I supose it will not scare them :P people will still believe that magic rising is possible.
I guess.

No "normal people" is interested in Dogecoin, only delusional retards who will end up badly burnt.

They say apples don't fall far from the tree... doge being an apple and bitcoin being the tree in this case.

Wow.
That too much to say.

A tree is a Bitcoin.
But there are so many (too many) apples around.

Most of them will root.

Rest would be eaten :)

but the tree will be there for hundred years

That's your opinion, which is not relevant.

Because you missed the boat, you just hope it does not reach that amount.

For being honest - most of our talks are speculations :P

In the world of crypto everything might be possible with some sort of strange eons.

Marty mcfly and Doc just visited me. They gave me a sports almanac and told me not to sell my BTC

I and many others have made a small fortune. Its a shame you couldn't see the way to profit.

Yes, you had unfortunate timing if you had like $2400 to your name, and bought 2 bitcoins at the peak, but after sustaining a loss like that, selling right now would be a mistake...

You only realise losses when you sell.

Bought at the $280 bubble mid 2013, corrected into the $50-$60 range I believe. Held strong, I just stopped following bitcoin for a while, but had faith it will bounce back and higher just had to wait it out.

it's the panic selling that's generating your losses...I remember a time ( ;D) when I bought some additional BTC at +- 150 USd, only to see it crashing shortly after. I also experienced pressure to sell at that time, but I stood ground and didn't. Do everything with reason, and you can't go wrong

There are good apples , and bad apples. Good ones that get pick and eaten , bad ones that end up as fertilizer.

bitcoin seems to weed out the nonbelievers.  a fool and his money are soon parted.

I really need the OP to come back and start posting what he's doing, so I can do the EXACT opposite. OP, please come back and tell us your actions!!!

I did the same. Bought 17 coins @~250 and then it crashed. I also hold and forgot about bitcoin for a half year. And then we rised. But this only happened because of the Chinese. I´m not sure if this can/will happen again with so much/fast growth in such a short time period.

And the later (or higher price) you buy, the less growth you will get. Buying @$10 and at $100 you have a growth of x10. Now buying @1000 and we need to go to 10000 to have a 10x growth wich is really hard to achive. Early adaptors won again. For late adapters the price could be too high. Why should somebody buy 1 Bitcoin for $10.000 on such an risky market?!

because a sucker is born every minute?

I don't mean to disparage newbies but when new users come in, they think they can make a quick profit, just like the OP did. They don't do "due diligence." When news hits that bitcoin has skyrocketed to $10000 from $1000 overnight, people will swarm in. Next bubble in 6 months, watch it happen. Again.

Risk is proportional to reward. The risk when the price is at $10,000 almost certainly will be less than it is today so it won't be 'such a risky market'.

I was thinking one to three months out, but it could take a year. It took 18 months after the 2011 spike, but the spikes are closer together now and don't go so proportionally high. $2000 to $5000 before the next correction, IMHO.

OP you already are a winner since you've invested before 90% of the population.
Hell even people who learn about bitcoin in 2 years will still be early/mid investors.

Just invest what you can, hodl and come back in 1-2 years. Don't miss out.

You are probably right but it is pretty hard to buy&hold for most people, people look at the price everyday, they panick when they are loosing a bit because they were here to make some money quickly