Bitcoin Forum

I expect it to be rather empty.

net loss generally or specific trades?

If second, I closed some altcoin trades in last 2 days where I lost at least 15 BTC

My little 20 coin protoshares stake went down 60% overnight just recently...  no idea what my bitshares will be worth.

I have a net loss...of fucks given!  :P

Those who have a net loss from trading won't be around long enough to post. They will lose it all or pull out when they realize they can't trade. Few will take the time to learn what they are doing wrong and fix it.

Im down 50% in Earthcoin and 75% in Cashcoin

Although overall I'm still up in altcoin trading.

I'm still ahead nicely in the last year, but down since late-Dec and I usually recover faster.

I have made a big return on trading Bitcoins and alt coins in the past four months, however, it has nothing to do with how much I know about trading.

It is simply luck that I got in at 300 and have rolled the dice on some alts that have gone through the roof.

every trader takes a loss, the question is did the trader take enough profit off the table to cover the loss.

I have lost on trades but thanks to btcoins fabulous rise in value I don't think its ever possible for me to be in the negative due to cryptos.

Ok, but luck alone won't give consistent gains over the long term. I wasn't really talking about TA, but more specific errors that a trader makes. Some follow the wrong analysis. Some are too emotional and/or impulsive which leads to many small mistakes, and ultimately, losses.


+1
Drawdown is a fact of daytrading. The trick is to manage the risk during times of indecision, and having a plan to get on the right side for the trends.

It's impossible for me to take a loss because I've withdrawn the principle. I recommend any new trader do this as soon as possible - withdraw your principal. Then you will be much more confident in your trades.

My havelock investments are a net loss in Bitcoin terms.

I've lost $2500 in trading in the last 3months.

Gee, I'm not sure, let me log into my Bitcoinica account and see how those old positions are doing.

I bought a fuck ton* of hashrate from that one site that I won't name, so that I could mine some FLAP.  Man, I felt like a god for a bit because I was dominating the hashrate.  Anyways, that coin hasn't amounted to shit yet. 

Hopefully one day I can come back to this thread and say "oh fuck no, I got bundles of money from trading this alt/shit-coin" but until then, I will say I am at a net loss.

*a fuck ton = 220MH/s

I just lost $666.67893978 (and fees on top of that) on Bitifinex getting squeezed out my short by that fucking damn 3K whale on Stamp causing panic buying pushing Bitcoin up above resistance levels. He is most likely operating on Bitfinex also where there is a similarly sized ball of capital pushing the bidding up. I also joined in the momentum long buying so I hope his plans aren't to take a big dump on Bitcoin later on.

This loss however takes a big dent out of my recent profits. Very annoyed by it.

So I am at a net loss for this week (starting today Monday 3rd March), and indeed for the whole month of March so far.

Jesus Christ, that seems like a good omen.

can you clarify wtf that means?

Concerning the topic tho - bought some goxcoins @0.2 :-D

I lost 0.3 BTC day trading (yes I have a small position). But it was enough for me to quit doing it.

I have believed for some time that Bitcoin is the crypto spawn of Satan.

An NSA project from its beginnings in the mid 90s, to its deployment into the global arena as some kind of libertarian digital money of freedom.

The blue-print for a NWO global digital currency which will be brought in after Bitcoin blows up one day and wipes out hundreds of billions of wealth and impoverishes masses of people who had put their faith in it.

"Hackers! decentralised nature! backed by nothing! save us!"

They will cry.

My trading position has an entry level of $515

Still up, hoping I won't take a loss on it

Lost 150 coins when the first silk road was shutdown. Boy did I read that prediction wrong.

Haven't traded since.

But if it would be a NSA or whatever official bureau based project or something, shouldn't it be even more bullish? I mean if it would have been such a powerful entity who made it, surely they didn't make it for fun but to really work and maybe be a black hole where to dump some USD when printing is going over the roof etc?

If it were an NSA project, and there is no reason why it wouldn't be as they have been working on this sort of shit for years. Then they don't need to ramp it, they just need to make sure it doesn't fail.....at least not until its job is done.

I hardly think making sure Bitcoin stays buoyant would be beyond the technical means, financial capabilities (could easily be done with net profit overall) of the NSA and or too much an ask of the political will of those responsible for sponsoring such a project.

Yeah thats what I'm thinking but like with so big efforts, it would only make sense that they want it to be a BIG thing it should not stop at ATH little over 1000$ for a piece and if not so then we will be all good, lots of gains to make still. Looks quite much like atleast U.S government is setting positions in owning quite much BTC thinking about SR seizures and such, even bigger if you think that Satoshis coins would also actually be belonging to U.S. 

It is irrelevant who created bitcoin because the principles governing it and the fact that it is an open source client means that any part of it can be changed. What will be interesting is where zero-knowledge proofs an the like will take cryptos.

I would however quickly subscribe to the theory that the US gov. might have had a hand in the Gox coin loss because it makes much more sense than the NSA creating a cryptocurrency based on encryption that they themselves most likely can't easily break/break at all if implemented properly. The public ledger might help them track the flow of funds but like I said you are basically giving away the blueprint for much stronger versions with more anonymity. On the other hand any government that remotely considers bitcoin to succeed might want to have a large stake in it so it could exert some control over the market.

I have lost a lot of Bitcoins because MtGox gone bankrupt.  >:(

Lost 20% Litecoin holdings in 1 day for being emotional.

LOL, no shit!

I was up by 5 BTC in my trading over the past few months.  Now i'm down by 1000$ overall because of my BTC and fiat loss from gox.

Lost 501 Goxcoins... Cheers Mark!  :)

I sent 1 BTC to Bitstamp and played with it. I was up to 1.05 BTC, then managed to turn it into 0.9 BTC.

I found the experience (even though it was only a couple of % of my BTC) to be more stress than I cared for. I am sure that I would get better with time and research, but I have decided that my temperament is much better for just HODLing.

i lost more than 1k dollars on bitcoin bought on 1150 dollars... But i am experience now. Always winning.

http://cdn.collegeinfogeek.com/wp-content/uploads/2011/12/1280187647770_Reaction_faces_part_1-s319x316-151514-580.jpg



The only bad BTC purchase I ever made was in December, around the time of that bubble. Bought 2 @ ~$1,000 each. Although technically I haven't lost anything because I haven't sold 'em yet :p

Well, I bragged when I made profits earlier this year, so it seems fair to own up to the losses as well. Bought back in earlier today at a loss compared to the preceding trade pairs, to the tune of -61 BTC. Some Days You Eat the Bear... and so on.

Had my biggest day ever, hit reverse @ 620 and erased it all.. oh man the pain...

Net losses are nothing unusual and nothing to beat yourself up over. Everyone takes net losses sometimes, esp in a market as unpredictable as this one. So shove your "either you got it or you don't" bs up your ass.

Aww! Tell me how you really feel!  :-*
Is there something else you want to tell us? Maybe that you missed the train today, or that you didn't get out above your buy-in price?

I didn't say "either you got it or you don't". You did. I just said those who can't aren't going to continually pump money in if they keep losing it, ergo they won't be around long enough. That said, trading is not for everyone. Either you got it or you don't :P If you don't, take your coins around back to the HODLers corral.

I also agreed with someone else who said all traders take losses on occasion. It is indeed normal. But that isn't the same thing as a net loss. A net loss is when your losses are greater than your gains, in which case, you can only hang for so long until you're out of money. Some take the time and have the observational skills to figure out what they are doing wrong and fix it.

That's gold! :D
I feel those eyes scorching me