Bitcoin Forum

Did any one of you lose money buying Bitcoin?

If yes, Did you again reinvest in Bitcoin after losing?

If yes, What made you reinvest your money on Bitcoin?

Panic sellers did.

I've lost before as I'm also a panic seller. Those were days that I don't have keen plan on how long I'd like to stay holding bitcoin and I'm still on doubts. Long story short, I have bought from my savings and happy to see it grow now.

Please rearrange your words, what you mean by 'need'?

The question is confusing, I think what he/she wanted to say is "If yes, Why you need to reinvest your money on Bitcoin".

And if that will be  the question. My answer would be; Yes, because I already learned the potential of Bitcoin now, lesson learned if I sold my Bitcoin at loss before and I have knowledge now about Bitcoin. Because what I believe is, if you ever bought at the high price, then if you sold it lower to your buying price, that time you will lose your money.

Is OP think on losing in fiat value or something else? If you buy 1BTC in December 2017, you are technically at a loss because value of that coin is now $10k, and 2+ years ago it was $20K. In this situation you still have 1 BTC, nothing is changed about that, just fiat value is not the same.

Some people lost coins after buying by sending them to wrong address, or to fake wallets. Others lost access to them by losing seeds / private keys backups, or become victims of physical robbery.

After such events, some people simply no longer want to have anything with BTC, others just learn from their mistakes, and start from the beginning.

Just like you I also do the same,but whenever I loss some money I stay on being positive because no matter what we do we can or we will always experience it. I also analyze what went wrong and learn from my previous mistakes. It also depends on how you handle your own investment.

You only lose money by selling at a loss.

If you already made a loss and are wondering whether you should enter the market again, ask yourself why you want to buy in once more. If your only reason to buy back in is because the price went up, than that's an excellent recipe for desaster because the next time Bitcoin goes down you'll likely panic sell at a loss once again.

The same is true if you haven't made a loss yet but are considering selling vs doubling down on your investment. Only buy if you are convinced that there's a future for Bitcoin, not merely because the price went up recently. If you're not convinced by Bitcoin aside from its price, don't buy it. Simple as that.

In both cases, don't invest more than you can afford to lose. Don't be invested at a level that is high enough to put pressure on you, financially or psychologically.

You can use the cost average effect to reinvesting on Bitcoin. Just buy every week or month the same amount of BTC and you have a good average for the price.
I hope i could help :)

Of course even i got lost in bitcoin ,i still reinvest. Never say stop to invest,try in try until make profit and learn from the past mistake in investing. It could help to make profit on the second time around. Never surrender in cryptocurrency.

I didn't lose money when I bought Bitcoin but there are many people that are called as panic sellers. They just don't know what to do when Bitcoin price falls. They usually sell their Bitcoin when they lose.

We don't lose money by buying bitcoins, we lose money if we sell them at a lower price than the one we buy them.  

If we buy bitcoins and the price goes lower, is a wise move to buy more, i have done it in the past and is a way to make more profit...

Those who sell at loss, will lose. But its always the profit to earn that makes them reinvest again. But its always the fear that price will fall so low that BTC may not regain at all and will be banned by governments. This used to be the lines who wants to spread fud about BTC but now I'm not sure if they can use it anymore now that its been supported by institutions.  With BAKKT and probably soon the ETF, I think at lot will invest again.

If you are going to think about it, there are no way that you are going to lose profits in bitcoin, unless you are an investor and you did some panic selling, but if you are a bounty hunter, you are not going to lose any if you are going to think about it, since you didn't use any capital to have cryptocurrency, you only spent your time and effort to earn it. And if you are an investor, yes, it is always worth it to reinvest your money in bitcoin.

However, it is important to know when to buy bitcoin, always do it when the market is bearish, that way you could make profits in the long run while you are hodling it.

Probably those who are impatient and does not understand the Bitcoin market.  those who rushed into the Bitcoin market without doing their own research. Though I do not lose money in Buying Bitcoin but I do lose money on investing in different altcoin.


depends on the market situation and the coins condition.  If we are talking about Bitcoin, yes I will reinvest more to average my losses/expenses.  This is one of the strategy of those who bought at a high price.  So that when the price goes up, at least some of the amount the lost is recovered.


As I said it is to average the amount I spend in reference to Bitcoin I accumulated.  Aside from that, Bitcoin is very promising and adoption is still at an early stage and the market is not yet saturated.

I already lost a lot of money buying bitcoin. I'll tell you how it all happened:

two years ago or more years ago (I don't remember exactly), I sold my video card that I used a lot for video games, I also sold my hard drives, I sold other things that I had and I asked cash to my parents. so I bought bitcoin when the price was $900 and then I sold when the price was $2800... so far so good. but then the price increased to almost $5000 and I buy it. A few days later I read the news that China banned exchanges and the price dropped to $3300. in the panic I sold, and then the price went up again to $4200 and I bought and I sell when the price increased a lot. I bought again when the price was $17000 and $14000 and then the price dropped a lot to $3300. and there are other losses I've had because I bought a lot of shitcoins on yobit. It is difficult to gain experience in this market without financial losses


yes.

I look at my financial losses as an experiment that allowed me to gain experience


Profit. Making mistakes and learning from them makes you confident that next time will be different

Yes, I did but not that huge that can make me crippled for a long time. When we are involved with anything that can be categorized as an "investment" there is a risk of making mistakes but the most important thing is to learn and never to do it again and again. I realized that Bitcoin is one I can rely on for the long haul (though some may laugh at this idea) so I decided to get back to it and invest some more money. I see its good future ahead and I am staking a part of my financial future with it.

Yes when I was just starting out I bought Bitcoin coming from bonus because momentum is going up but after a week it went down 15% i have no choice but to sell it I thought I could have short term profit

yes after a month I have spare money that I do not need and instead of keeping it in a bank I choose to invest in Bitcoin

I have a strong believe that Bitcoin will give good yield if you hodl for a long time, it should not be a short term investment

Opening post is quite confusing, but from what I understood it is a good decision to reinvest on bitcoin. I believe when he came to the cryptocurrency network for the first time, he might have got trapped by scammers and his funds got lost. Most of the people on encountering such a bad experience will spread negative about bitcoin. Here, he is so sure about the growth of bitcoin which has made him reinvest on bitcoin after some time period. During that time he could've trained himself to stay secure.

Yes, I've lost money on some trades. Specifically, a few buy offers at the end of 2017, at around $15,000. Yes, technically right now I've lost the trade. But does it matter? Not really. Why? Because I'm bullish on Bitcoin. I think it could go far above $15,000 so while I'd prefer at buying at lower prices, I'm completely fine with it. I'm positive that it would be a winning trade in the future anyway.

What do you mean cut loss and place an order at a lower price?
I never did that because it would make a profit reduced
I myself usually if the price drops too far then I will make an order at a lower price

I have. I have lost money buying bitcoin simply because the market went against me.
But yeah, I didn't lose hope and reinvested for I know that at some point I will recover my investment and I did.
You only lose your money if you sell but if you reinvest then you recover  ;D

Hi Dear, hope trust all is well! Its a common issue to be a looser in this trading and happened same issue with lots of investors in my surroundings. i think it can be easily as you are doing for the business purpose that's why can be lose or profit.

my suggestion is first of all you have to gather wide range of knowledge on this trading. otherwise you have risk again to be looser. So, try to learn about Bitcoin market trading procedure.

Let's try again and hope for the best for your success !!

In my own, I think that is yes. Well reinvesting after losing is a good idea. That's life,You cannot win all the time you need to try and try until you succeed. So how can you win if you won't try again? You need to reinvest until you achieve success.All you need to do it to have faith in your investment that you can really earn big.

Just because you lost money in your first try don't mean you can't try again, I have loss some money in some few occasions buying btc and other alts, especially alts coins but I still  haven't give up yet, I recently buy some alts I saw have good potentials,  it is all about taking chances, but invest what you can afford.

If you have still guts and trust against Bitcoin, I have to say that would be the best and great idea. But have to think about it now and consider those times that you have lost your first investment will not happen again. Yet to consider finding a new strategy that could help you out from making the same mistakes cause that will also be still losing at your ends. You have to be careful this time and let have things to change.

I lost money after buying cheap coins like BCD, ACT, and Abyss. Yes, I then decided to re-invest in Bitcoin. Bitcoin dominates the market and I see the price is rapidly changing. It's time to regain profit and I think, I prefer to buy Bitcoin.

Do not give up the because if you lose, one time you will definitely feel the victory again.

Ever thought about other Alts, but more popular ones, eg Top 20 ones? Maybe try to diversify a bit, there's big gains there too.

If you believe in bitcoin, you'll probably reinvest. Not everyone might experience losing but losing is a part of life. In that way you'll learn and grow. Especially in crypto, there's always a high possibility of losing. It's always a risk. But you don't just stop when you lose. How will you earn it back, or even more if you will give up on bitcoin?

Most of us here did lose money in buying Bitcoin especially in 2018 where its a year of hell. It is the year of correction for the market.
I did reinvest my money after losing in Bitcoin.
If you lose, just buy again and hold for long term :D.

There are and that many, not only me. If you follow development of bitcoin since 2017, surely you have seen a lot losses after end 2017 especially throughout 2018. But look, there are still many members here who still survive and continue to invest, even more and more every month. It's just that it's been littered by scammers now.

If you failed before, then try again but with higher knowledge. Failure is an experience to get better in future, so you only need to learn from previous failures and try again better.


Haha well, investment and trade in crypto are almost same as gambling, where we will always feel addict to continue to bet. I know investing is not gambling, but it feels like gambling because investing has big challenges, which makes us always curious to try it. I am happy when my curiosity is big, at that time I tried to study harder to solve bitcoin analysis and it was like an exciting puzzle.

Yes, I have lost my money in buying bitcoin, but I am trying to recover since the last years, and now, I think I can recover it by slowly. Well, it's not a problem for me because I can try to recover the loss. I am sure that soon when bitcoin price is increased, the loss will be recovered in one-time trade because the profit will be bigger.

Yes, I reinvest in bitcoin after I was losing but I choose to make more than 3 order buy so I can get bitcoin at a low price. And by that, I can try to sell some of bitcoin when the price increase. Maybe that is a scalping trade, and I think that is works for me and I still do that until now. I used the money that I have before to reinvest in bitcoin, but I always search a low price and wait for a while. I cannot still get a low price, but that will be fine because the rate will be increased in the next days so I can sell it to make a profit.

Yes I lost money and that was when Bitcoin was hitting all-time high I thought it's going to push through but I was wrong, but it's a lesson learned even if the condition seems favorable only invest what you can afford to lose.

I still not give up investing in Bitcoin I came back invest again because the potential is all here.

Of course i did before when I was new at crypto community and in bitcoin. Lose the money when I bought btc and suddenly dump then I panic sell and had deficit profit. But things are different now, I have learned so much now, being a panic seller doesn't help you to earn. There is a thing called, "HOLD" and "PATIENCE" to regain our losses and to still earn while waiting.

Just because we lose our money before in wrong timing of buying btc, doesn't mean we will not buy bitcoin again. Our mistakes before is our lesson now. Buy more bitcoin, get more profits. That's it.

Yes, I have lost money investing in Bitcoin but that has served me as learning for future investments, I think that without these previous failures I would not have been able to acquire the necessary experience. It is part of the trading path.

nobody has ever lost money when they "invested"[1] in bitcoin. the only people who lose money are those who tried "day trading" while not knowing how trading or bitcoin market works and still wanted to make money doing something they were not familiar with.

[1] an investment means you find an asset and find a good entry point which is anywhere but the peak of its bubble. then you buy it and hold it for long term. this for example means buying when price was $2000 in 2017. or between $3k and $6k this year.

I think the meaning of "lost" here is when we buy bitcoin at $9k and the price rise at $10k, we are not selling at that price, so we think that we are lost. But the truth, you still not lose because you still hold your bitcoin in the wallet. But when you bought bitcoin at $9k but then the price is down at $8800, and you sold because of you worried about seeing the lower price, then you are losing because you sold it too early and you don't want to wait for a while.

That is happening in many people because they panic when the price is slightly down deeper than the price they bought. But then they think that with rebuying bitcoin will cover they lose especially if later they can sell it at the high price. But it's up to them because we have a different opinion about losing and profiting in the trading.

But for sure, I still buy bitcoin, especially if the price can reach lower than $10k because that will give me a chance to have bitcoin from the lower price. I always analyze the bitcoin chart before I decide to buy bitcoin.

Weak hand dont need to invest in bitcoin and if they did , there should be one thing in mind like holding for long term at this time is the key at this bearish time bit many are afraid of it dumping more while they forgot it still have more potential of growing in some weeks to get large profit .

Everybody lose money here, its for sure, matter is trade with minimum risk.and i think %99 of us reinvest again because we all believe that bitcoin going to climb new ath's.

I never lose money in investing in bitcoin because I follow the simple rules
Buy low and sell high. again this will require you some patience, not just patience
but courage to never sell it even the price will not look cool on your eyes.
In this way, you will never regret the outcome of it. you will always get the upper hand.

Not me but many people did it, most of them is trend follower and think crypto is only source of big income.

Still doing this because bitcoin is one of favourite digital asset and payment.

Not really, but i put my money into bitcoin around 20%. Just for future invest

I think so that's what he wants to ask and I'll give my answer too.

Reinvesting is already part of my life and I have never been serious like this in bitcoin. Before knowing bitcoin, I'm not open to any investments and ventures and knowing more about them.

But after knowing bitcoin and learning what's potential of it, this made me serious and made me to want more of it.

Only when you dump your bitcoin below your buying price, that's the time you will lose. And even for let's say you hold but bitcoin price decrease, it doesn't literally you lose, only the value of it on fiat but on the positive note, you can expect that someday the price of it will increase without harming your wallet just to re-invest to cover the loss value.


No need to be specific, generally, YES people are re-investing especially for those who got wrecked. But that's not always the case, they also putting money to add some quantity of bitcoin on their stash.

yes I think after I lost investment in bitcoin, for me also don't think about stopping investing in bitcoin, for me will also continue to invest, because I also believe the price of bitcoin will also continue to grow in the future.

Not really reinvest but waited.

With the volatility of Bitcoin, every minute there are changes and that is why losing is inevitable.

You don't really need to reinvest but to just wait, being patient is a virtue as they said it.

Well, this is a bit tricky question, yeah a lost some in but I recovered it by investing later on BTC. I'm the one who enjoyed the previous 20k ride. It is okay to invest again if you lose once.

if thats what you believe then go for it . always follow what your conscience said to you because that is more important and the chance that itll happen is high than compare to believing on what others are talking about  but only if its a positive vibe but if its negative then you should refrain from following it because that will only get you on some serious trouble .   like you i do also re invest after loosing or even after earning a fiat  .  btc is only getting started and its too early to quit now .

I have never lost in BTC investing, because before investing I studied the market first.
but if I make a mistake and I lose then I will not give up. because I believe loosing is only a small piece from my profit.
and did you know that investing in BTC more safer than Alt, because as deep as you fall it will definitely go rise again.

Yes, it happens to everyone you are buying Bitcoin in the bear market, you have bought it a particular only to find out that it fallen further after you bought, you thought the price where you bought it is already a floor price,

I still reinvest I still believe then the bull run will eventually come, but hard to make a decision since back then you really have no idea about the floor price.

I loss good amount of money after the dumping of bitcoin from the 2017 ATM. Including the people I had helped in buying bitcoin.


I have since been investing because it's currently surer than my day job, where I keep making losses and ridden with debt. So I had to use the profit from bitcoin in paying off part of my day job indebtedness. 

keep believing you will always make a bitcoin investment, because it is very convincing that bitcoin is still the best investment.
the risk in investing obviously will definitely have luck and someday there will be a loss. a natural thing in bitcoin investments and there is no doubt that it will always do more.

Suffered losses when buying Bitcoin due to too long to hold the coin. I do short-term trades. But Bitcoin's price drop goes very fast. After I lost money, I tried to trade again and focus on Bitcoin. With current Bitcoin domination, it gives me a profit. I trade on Binance and at HITBTC.

Nope because I never sell my bitcoin when the bloody bath happened last year,instead I keep my currency intact and safe(this is how to handle the Bad movements of market)
If ever I lose?i will reinvest again without a doubt
Because I trust Bitcoin and I know that losing is part of investing in a volatile market like cryptocurrency

Countless number of time I have lost during the process of investing into Bitcoin, but the ways I got lost was the wrong ways which I was able to rectify within a short time frame. Currently, I have made some good profits in Bitcoin Investment since last year till date and, am not regretting what I have lost in the past. One thing any cryptocurrency investor should know is that, never give up on what you believe in, be bold to take the bull by it horn and see yourself progressing as an investor into cryptocurrency.

I lost money to bitcoin out if my stupidity I guess and that would not warrant me to take my anger upon bitcoin because I didn’t learn before buying bitcoin, if I had learnt and knows the pros and cons off bitcoin investment and also how to manage the risk, I am sure that by now, my money in bitcoin would have been quite much.

When I lost my money in bitcoin, what I did was to seat down and then look at it carefully and see what could have gone wrong, they say that experience is a master teacher, and it was through those sad moment that I picked my mistake and since I have been trading now, I have never lost money because I simply followed those few principle of trading, so the journey has been smooth all along now.