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Title: Mother keeps bugging me about her money. Post by: thedarksun on April 28, 2014, 06:59:18 AM In the beginning of january my mom gave me 3000dollars with which i bought nmc when they were 8 short before plumbing to 6<. Now she keeps bugging me where her money are because it has been some months. Do you guys think we will see an upswing in prices in summer because im gettin desperate here. She will kil me if NMC dies and all money are gone.
Title: Re: Mother keeps bugging her about her money. Post by: PredatorZ on April 28, 2014, 07:16:52 AM To be safe, you should work at a gas station or as a prostitute while you are waiting. But do not use your normal telephon number.
Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 07:20:14 AM To be safe, you should work at a gas station or as a prostitute while you are waiting. But do not use your normal telephon number. Im serious bro. What if btc stays 600< all summer? Title: Re: Mother keeps bugging her about her money. Post by: scottsecret on April 28, 2014, 07:21:19 AM I wouldn't necessarily expect it to go up anymore. You better find a way to hedge. Title: Re: Mother keeps bugging her about her money. Post by: One Six on April 28, 2014, 07:58:45 AM In the beginning of january my mom gave me 3000dollars with which i bought nmc when they were 8 short before plumbing to 6<. Now she keeps bugging me where her money are because it has been some months. Do you guys think we will see an upswing in prices in summer because im gettin desperate here. She will kil me if NMC dies and all money are gone. Explain to her your gamble and apologize. If you have spare btc, daytrade on coins with volume. Title: Re: Mother keeps bugging her about her money. Post by: whywefight on April 28, 2014, 08:00:13 AM In the beginning of january my mom gave me 3000dollars with which i bought nmc when they were 8 short before plumbing to 6<. Now she keeps bugging me where her money are because it has been some months. Do you guys think we will see an upswing in prices in summer because im gettin desperate here. She will kil me if NMC dies and all money are gone. dont play with money you dont have Title: Re: Mother keeps bugging her about her money. Post by: HCLivess on April 28, 2014, 08:00:22 AM Explain to her that she did not need the money in the first place
Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 08:02:32 AM I wouldn't necessarily expect it to go up anymore. You better find a way to hedge. So you mean ive already lost all the money? What the fk. I am done dor. Title: Re: Mother keeps bugging her about her money. Post by: Spoetnik on April 28, 2014, 08:37:20 AM your screwed.. the only reason at all it was priced as it was way back then is because of people like you who
who came in in droves flooding this scene buying everything that was not nailed down for obscene and often stupid prices.. the market died down and the new users came to a trickle and the new guys started to smarten up. I started before the crowd came and we we're waiting for you guys for ages ready to sell you high priced coins.. holding a knife and fork tongue hanging out with a napkin tucked in our shirts lol we all laughed about it regularly on Cryptsy chat saying their coming.... And sure enough you guys did and threw your cash around like crazy. All i seen every couple seconds on chat was how do i transfer money from my bank account to Cryptsy lol those days are gone and the scene went 1000000x more scammy insuring no professional people will ever set foot in here EVER again ! Blame the Doge 'tards, greedy exchanges etc and moron noobs throwing money around.. kids shoudln't be spending big money sorry. your money is gone . Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 08:42:29 AM Explain to her that she did not need the money in the first place This. In my experience, older people have money, but no fucking clue what to do with it. Oh, and they don't get that, in the short term, prices fluctuate. One of the saddest things I say to illustrate this was a professor I had. Asshole was making $250k-$300k a year. We're taking a test and the smug bastard gets a call from his "broker," Doug from eTrade, that he takes during the class. Doug has him put $100k in the S&P 500. I later mention to him that at the moment, the S&P 500 is supremely overvalued by traditional metrics. I ask if he's familiar with growth vs value funds. He's not (oh, did I mention he's a fucking accounting professor). Additionally, this $100k was his CAR FUND?!? And he needed it in a year (ummm, 5 seconds online will tell you that you not to put money at risk that you need in less than a year, ideally 3+ years). I was literally sick. Who the fuck spends $100k on a car and knows fuck all about basic finance? How much are you down? How much remains of the $3k? Well nmc is 1.9 right now so its only 2/8 from 3k..... Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 08:43:26 AM your screwed.. the only reason at all it was priced as it was way back then is because of people like you who who came in in droves flooding this scene buying everything that was not nailed down for obscene and often stupid prices.. the market died down and the new users came to a trickle and the new guys started to smarten up. I started before the crowd came and we we're waiting for you guys for ages ready to sell you high priced coins.. holding a knife and fork tongue hanging out with a napkin tucked in our shirts lol we all laughed about it regularly on Cryptsy chat saying their coming.... And sure enough you guys did and threw your cash around like crazy. All i seen every couple seconds on chat was how do i transfer money from my bank account to Cryptsy lol those days are gone and the scene went 1000000x more scammy insuring no professional people will ever set foot in here EVER again ! Blame the Doge 'tards, greedy exchanges etc and moron noobs throwing money around.. kids shoudln't be spending big money sorry. your money is gone . well i guess thats it. I am fucked Title: Re: Mother keeps bugging her about her money. Post by: voluntarist500 on April 28, 2014, 08:52:39 AM lol. you sell now and see the price shoot back to 8$ as soon as you sold. That's how it works :p
Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 08:55:26 AM Well nmc is 1.9 right now so its only 2/8 from 3k..... What's this in dollars? You have $750 worth of namecoin left? Maybe but why does it matter im not touching them until NMC is 8+ again... Title: Re: Mother keeps bugging her about her money. Post by: Raxe.io on April 28, 2014, 09:10:28 AM You are only at a loss if you cash out. Always remember this, there is no saying Namecoin will not go up. Bitcoin is on a downward trend due to China news therefore Namecoin will go down.
Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 09:19:25 AM You are only at a loss if you cash out. Always remember this, there is no saying Namecoin will not go up. Bitcoin is on a downward trend due to China news therefore Namecoin will go down. Pf course. I just wonder how long this stagnant period will keep up. I have no problem waiting but my mother does however. Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 09:20:34 AM Maybe but why does it matter im not touching them until NMC is 8+ again... Okay, you're 75% down. I'm in a similar boat (not as much though, maybe 50%+, maybe less when CR opens back up). Then again, I'm in 500+ different coins. My thinking on these is similar to Spoetnik. I'm waiting for the next wave (if it does come), and will consider selling out then. I started in January of this year and have been buying as the price of BTC has been falling, so not at the peak, but not at the cheapest time either. Ask your mom for another $3k, invest equally in all the coins, and wait. Lmfao if i would ask her for more money she would slap me acrossy face i guarantee it Title: Re: Mother keeps bugging her about her money. Post by: Raxe.io on April 28, 2014, 09:24:12 AM You are only at a loss if you cash out. Always remember this, there is no saying Namecoin will not go up. Bitcoin is on a downward trend due to China news therefore Namecoin will go down. Pf course. I just wonder how long this stagnant period will keep up. I have no problem waiting but my mother does however. The market is a free market. You are better off trying to make her understand it. Risk and loss is a part of the process the coin isn't bad and has some great development so I don't see why it can't increase. Title: Re: Mother keeps bugging her about her money. Post by: 1Referee on April 28, 2014, 09:33:35 AM your screwed.. the only reason at all it was priced as it was way back then is because of people like you who who came in in droves flooding this scene buying everything that was not nailed down for obscene and often stupid prices.. the market died down and the new users came to a trickle and the new guys started to smarten up. I started before the crowd came and we we're waiting for you guys for ages ready to sell you high priced coins.. holding a knife and fork tongue hanging out with a napkin tucked in our shirts lol we all laughed about it regularly on Cryptsy chat saying their coming.... And sure enough you guys did and threw your cash around like crazy. All i seen every couple seconds on chat was how do i transfer money from my bank account to Cryptsy lol those days are gone and the scene went 1000000x more scammy insuring no professional people will ever set foot in here EVER again ! Blame the Doge 'tards, greedy exchanges etc and moron noobs throwing money around.. kids shoudln't be spending big money sorry. your money is gone . That comment says it all! Why did you even bother buying NMC at such a high price ? At that time everything was sooo frickin expensive that only gamblers were buying way overprised coins. Look at Litecoin, I'm sure there are still people holding $40 LTC...... ??? ??? Why on earth would anyone buy LTC above $20 and hold it ???? Be smart next time and don't buy with money you can't afford to lose. I'm sorry to say, but 90% chance that you lost the most of that $3000 Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 09:41:06 AM your screwed.. the only reason at all it was priced as it was way back then is because of people like you who who came in in droves flooding this scene buying everything that was not nailed down for obscene and often stupid prices.. the market died down and the new users came to a trickle and the new guys started to smarten up. I started before the crowd came and we we're waiting for you guys for ages ready to sell you high priced coins.. holding a knife and fork tongue hanging out with a napkin tucked in our shirts lol we all laughed about it regularly on Cryptsy chat saying their coming.... And sure enough you guys did and threw your cash around like crazy. All i seen every couple seconds on chat was how do i transfer money from my bank account to Cryptsy lol those days are gone and the scene went 1000000x more scammy insuring no professional people will ever set foot in here EVER again ! Blame the Doge 'tards, greedy exchanges etc and moron noobs throwing money around.. kids shoudln't be spending big money sorry. your money is gone . That comment says it all! Why did you even bother buying NMC at such a high price ? At that time everything was sooo frickin expensive that only gamblers were buying way overprised coins. Look at Litecoin, I'm sure there are still people holding $40 LTC...... ??? ??? Why on earth would anyone buy LTC above $20 and hold it ???? Be smart next time and don't buy with money you can't afford to lose. I'm sorry to say, but 90% chance that you lost the most of that $3000 In other wordS you are saying its a 90% risk that NMC will never go to 8dollars again? Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 09:44:59 AM Lmfao if i would ask her for more money she would slap me acrossy face i guarantee it Why? Does she not understand investing? Is she like most "adults" who see index funds as safe but don't see that the Russel 2000 is at a trailing 100 P/E ratio (average should be 25-30)? If traditional stocks burst, I have a feeling people will want to speculate in this new market. And a rising tide raises all boats. Cryptos are new for me. I'm typically a long-term, cheapo investor. I don't do technical analysis and that's all you have to really go on with these. But what the hell. You can make a lot on them or lose everything. If you/she loses $6k, no biggie. My mother is of the old age, she can barely manage a computer let alone understand stocks. She was reluctant to give me money in the first place but did so becausr i promised her fast risk-free money... Title: Re: Mother keeps bugging her about her money. Post by: Equate on April 28, 2014, 09:48:16 AM Lmfao if i would ask her for more money she would slap me acrossy face i guarantee it Why? Does she not understand investing? Is she like most "adults" who see index funds as safe but don't see that the Russel 2000 is at a trailing 100 P/E ratio (average should be 25-30)? If traditional stocks burst, I have a feeling people will want to speculate in this new market. And a rising tide raises all boats. Cryptos are new for me. I'm typically a long-term, cheapo investor. I don't do technical analysis and that's all you have to really go on with these. But what the hell. You can make a lot on them or lose everything. If you/she loses $6k, no biggie. My mother is of the old age, she can barely manage a computer let alone understand stocks. She was reluctant to give me money in the first place but did so becausr i promised her fast risk-free money... crypto currency is fast and Full of risk money . You should not invest what you can't afford to lose , it's the first rule here . Title: Re: Mother keeps bugging her about her money. Post by: 1Referee on April 28, 2014, 09:55:56 AM your screwed.. the only reason at all it was priced as it was way back then is because of people like you who who came in in droves flooding this scene buying everything that was not nailed down for obscene and often stupid prices.. the market died down and the new users came to a trickle and the new guys started to smarten up. I started before the crowd came and we we're waiting for you guys for ages ready to sell you high priced coins.. holding a knife and fork tongue hanging out with a napkin tucked in our shirts lol we all laughed about it regularly on Cryptsy chat saying their coming.... And sure enough you guys did and threw your cash around like crazy. All i seen every couple seconds on chat was how do i transfer money from my bank account to Cryptsy lol those days are gone and the scene went 1000000x more scammy insuring no professional people will ever set foot in here EVER again ! Blame the Doge 'tards, greedy exchanges etc and moron noobs throwing money around.. kids shoudln't be spending big money sorry. your money is gone . That comment says it all! Why did you even bother buying NMC at such a high price ? At that time everything was sooo frickin expensive that only gamblers were buying way overprised coins. Look at Litecoin, I'm sure there are still people holding $40 LTC...... ??? ??? Why on earth would anyone buy LTC above $20 and hold it ???? Be smart next time and don't buy with money you can't afford to lose. I'm sorry to say, but 90% chance that you lost the most of that $3000 In other wordS you are saying its a 90% risk that NMC will never go to 8dollars again? The only thing you can do now is hold your NMC and wait for it to reach $3/$4 and then sell them. But that's up to you. Never say never in crypto market, but I don't think we will see $8 anytime soon. A tip : Whales are placing huge buy orders to trick noobs into thinking a certain coin will go up, then the whale buys everything available (mostly his own sell orders) after that once again you will see some huge buy orders to keep the price at that level for a while, once the whale think he made enough profit you will see the price go down very hard. Classic pump & dump, don't fall for it... In high volume days they can make easy 50K $ per day from noobs. Title: Re: Mother keeps bugging her about her money. Post by: kelly153 on April 28, 2014, 10:05:02 AM Why not sell NMC and buy Maxcoin? Maybe Maxcoin will go once to 100$. It is now only 0.07$. Your NMC is 10,000 maxcoins. When MAX = 100, your investment will be 1,000,000$...
;D Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 10:20:35 AM your screwed.. the only reason at all it was priced as it was way back then is because of people like you who who came in in droves flooding this scene buying everything that was not nailed down for obscene and often stupid prices.. the market died down and the new users came to a trickle and the new guys started to smarten up. I started before the crowd came and we we're waiting for you guys for ages ready to sell you high priced coins.. holding a knife and fork tongue hanging out with a napkin tucked in our shirts lol we all laughed about it regularly on Cryptsy chat saying their coming.... And sure enough you guys did and threw your cash around like crazy. All i seen every couple seconds on chat was how do i transfer money from my bank account to Cryptsy lol those days are gone and the scene went 1000000x more scammy insuring no professional people will ever set foot in here EVER again ! Blame the Doge 'tards, greedy exchanges etc and moron noobs throwing money around.. kids shoudln't be spending big money sorry. your money is gone . That comment says it all! Why did you even bother buying NMC at such a high price ? At that time everything was sooo frickin expensive that only gamblers were buying way overprised coins. Look at Litecoin, I'm sure there are still people holding $40 LTC...... ??? ??? Why on earth would anyone buy LTC above $20 and hold it ???? Be smart next time and don't buy with money you can't afford to lose. I'm sorry to say, but 90% chance that you lost the most of that $3000 In other wordS you are saying its a 90% risk that NMC will never go to 8dollars again? The only thing you can do now is hold your NMC and wait for it to reach $3/$4 and then sell them. But that's up to you. Never say never in crypto market, but I don't think we will see $8 anytime soon. A tip : Whales are placing huge buy orders to trick noobs into thinking a certain coin will go up, then the whale buys everything available (mostly his own sell orders) after that once again you will see some huge buy orders to keep the price at that level for a while, once the whale think he made enough profit you will see the price go down very hard. Classic pump & dump, don't fall for it... In high volume days they can make easy 50K $ per day from noobs. Alright. I guess btc pricing over 600 is only a matter of pump and dumps. Anyways yeah my mother is worrying sick and i hope at least this summer that we see some higher prices. Title: Re: Mother keeps bugging her about her money. Post by: lucky88888 on April 28, 2014, 10:52:13 AM sell it and invest in nxt, when you double you sell it and pay back your mom rest you can keep it in nxt.
nxt has a really good chance for it to double up when the asset exchange goes live along with other projects that are near completion. thank me later or regret it later you choose. Title: Re: Mother keeps bugging her about her money. Post by: goingDeaf on April 28, 2014, 11:57:33 AM sell it and invest in nxt, when you double you sell it and pay back your mom rest you can keep it in nxt. nxt has a really good chance for it to double up when the asset exchange goes live along with other projects that are near completion. thank me later or regret it later you choose. Anyone who's interested about NXT is already well aware of the asset exchange and has already bought in anticipation. I could see steady growth in NXT but no near term doubling. Title: Re: Mother keeps bugging her about her money. Post by: Snail2 on April 28, 2014, 11:59:27 AM First of all don't panic. Second most important thing: do not listen to people who advising you to buy only one specific coin :).
Some practical advice. - Looking for freely distributed coins in the Announcements section could be a good way to pull yourself out from this situation. In the last two months I've got about 3 BTC worth coins for free... actually during the COMM hype a week ago it was close to 5 BTC. If you have some of these free coins wait until they hit the second or third exchange and then dump them. (The first exchange is too early.) When you collected some BTC on this way you can start some daytrading. - Find some cheap, established coins with liquid market, high volume, low maintenance cost and then trade them. (Important! Always diversify your orders.) ...and the usual stuff: - In an average trollbox those guys are pretending to be your friends but actually the opposite is true. BTT is the same. - Thou shalt not get involved in announced pump and dumps. - Forget about IPOs. (At least at this point.) - Know the coin you trading. (E.g: after the DVC bounty payments you can always expect big dumps. That means good buy opportunities but it can mean that your BTC can get stuck in sell orders if you bought higher a few days earlier.) - Don't be greedy. A small but sure and relative risk free profit in your pocket is much better than any "great earning potential". - Always keep some money/BTC in reserve. So in short, stick to free stuff and be careful with your existing money. Title: Re: Mother keeps bugging her about her money. Post by: Acidyo on April 28, 2014, 12:22:45 PM Welp, you are sort of screwed indeed.
Never invest with money you can't afford to lose. Never sell until you've made a profit. Title: Re: Mother keeps bugging her about her money. Post by: sadface on April 28, 2014, 12:36:39 PM tell her you screwed up and cash out. give the remaining money back and go get a job to pay back the rest... or you keep the coins and work for the whole 3000$ to give her the money back.
dont invest friends and families money. that always ends bad. if you want to stay with cryptos, you need to try and learn as much as you can. you didn't really make a smart investment there, specially for short term gains. sorry this happened to you. gl with whatever you're going do and be honest to yourself and others. Title: Re: Mother keeps bugging her about her money. Post by: TrollboxChamp on April 28, 2014, 12:52:37 PM Welp, you are sort of screwed indeed. Never invest with money you can't afford to lose. Never sell until you've made a profit. Here i was thinking you knew how to trade. You dont always turn a profit on every trade youll ever make. You clearly got into trading since crypto. All you noobs think trading is just a matter of waiting and i really feel bad for you. You will have your money back. Probably not until 1 year from when you invested tho. Title: Re: Mother keeps bugging her about her money. Post by: devphp on April 28, 2014, 01:11:38 PM Okay, you're 75% down. I'm in a similar boat (not as much though, maybe 50%+, maybe less when CR opens back up). Then again, I'm in 500+ different coins. My thinking on these is similar to Spoetnik. I'm waiting for the next wave (if it does come), and will consider selling out then. I started in January of this year and have been buying as the price of BTC has been falling, so not at the peak, but not at the cheapest time either. Ask your mom for another $3k, invest equally in all the coins, and wait. 500+ different coins?! wow, that's a sure sign you have no clue what you're doing, dude :) I mean, how do you even remember their names, what they are up to, how do you follow news around them, etc? I'd recommend to keep the portfolio under 5 different coins, or if you have too much free time on your hands - under 10 different coins, not more, choose those that have the best prospects. That way you can keep focus and stay alert to new developments with those coins. Title: Re: Mother keeps bugging her about her money. Post by: cexylikepie on April 28, 2014, 02:10:41 PM your screwed.. the only reason at all it was priced as it was way back then is because of people like you who who came in in droves flooding this scene buying everything that was not nailed down for obscene and often stupid prices.. the market died down and the new users came to a trickle and the new guys started to smarten up. I started before the crowd came and we we're waiting for you guys for ages ready to sell you high priced coins.. holding a knife and fork tongue hanging out with a napkin tucked in our shirts lol we all laughed about it regularly on Cryptsy chat saying their coming.... And sure enough you guys did and threw your cash around like crazy. All i seen every couple seconds on chat was how do i transfer money from my bank account to Cryptsy lol those days are gone and the scene went 1000000x more scammy insuring no professional people will ever set foot in here EVER again ! Blame the Doge 'tards, greedy exchanges etc and moron noobs throwing money around.. kids shoudln't be spending big money sorry. your money is gone . That comment says it all! Why did you even bother buying NMC at such a high price ? At that time everything was sooo frickin expensive that only gamblers were buying way overprised coins. Look at Litecoin, I'm sure there are still people holding $40 LTC...... ??? ??? Why on earth would anyone buy LTC above $20 and hold it ???? Be smart next time and don't buy with money you can't afford to lose. I'm sorry to say, but 90% chance that you lost the most of that $3000 In other wordS you are saying its a 90% risk that NMC will never go to 8dollars again? the problem with all of this is that you put all your money down on one coin. Never do this, sure you can make a lot of it goes up, but if it goes down you lose everything. never worth it, this is the reason people say to diversify your portfolio. Title: Re: Mother keeps bugging her about her money. Post by: niothor on April 28, 2014, 02:12:57 PM 1) Tell her the truth
2) Get a job to earn back the money lost 3) Never ever play with more money than you can afford to lose. Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 02:16:49 PM tell her you screwed up and cash out. give the remaining money back and go get a job to pay back the rest... or you keep the coins and work for the whole 3000$ to give her the money back. dont invest friends and families money. that always ends bad. if you want to stay with cryptos, you need to try and learn as much as you can. you didn't really make a smart investment there, specially for short term gains. sorry this happened to you. gl with whatever you're going do and be honest to yourself and others. Well, originally I made 500 dollars after just one day. But I was too greedy and thought NMC would climb even higher then some bad news about a bank banning hit and the price dropped 2 dollars and from then on it was been on one steady decline. I have 1000+dollars that I want to invest myslef Because I definitely believe NMC could make at least 4 dollars with some good news in the near future just like it did some weeks ago when it went from 1.6 to 3.3. But I am afraid that 8 dollars and BTC at 1000 dollars will not happen this year and yeah, my father will KILL me. Title: Re: Mother keeps bugging her about her money. Post by: MisO69 on April 28, 2014, 02:44:15 PM tell her you screwed up and cash out. give the remaining money back and go get a job to pay back the rest... or you keep the coins and work for the whole 3000$ to give her the money back. dont invest friends and families money. that always ends bad. if you want to stay with cryptos, you need to try and learn as much as you can. you didn't really make a smart investment there, specially for short term gains. sorry this happened to you. gl with whatever you're going do and be honest to yourself and others. Well, originally I made 500 dollars after just one day. But I was too greedy and thought NMC would climb even higher then some bad news about a bank banning hit and the price dropped 2 dollars and from then on it was been on one steady decline. I have 1000+dollars that I want to invest myslef Because I definitely believe NMC could make at least 4 dollars with some good news in the near future just like it did some weeks ago when it went from 1.6 to 3.3. But I am afraid that 8 dollars and BTC at 1000 dollars will not happen this year and yeah, my father will KILL me. Go long. that 3K will be worth 30K in a few years. Then pay her back 6K and keep the rest for a car. ;) It also sounds to me like you are starting this at a young age. Keep it up, don't let your folks or anyone discourage you. You will be a very rich man one day. Nothing happens overnight. Title: Re: Mother keeps bugging her about her money. Post by: cexylikepie on April 28, 2014, 03:16:23 PM First of all don't panic. Second most important thing: do not listen to people who advising you to buy only one specific coin :). this is good advice. I made 3 BTC off of COMM alone. NXTL will be next next free oneSome practical advice. - Looking for freely distributed coins in the Announcements section could be a good way to pull yourself out from this situation. In the last two months I've got about 3 BTC worth coins for free... actually during the COMM hype a week ago it was close to 5 BTC. If you have some of these free coins wait until they hit the second or third exchange and then dump them. (The first exchange is too early.) When you collected some BTC on this way you can start some daytrading. - Find some cheap, established coins with liquid market, high volume, low maintenance cost and then trade them. (Important! Always diversify your orders.) ...and the usual stuff: - In an average trollbox those guys are pretending to be your friends but actually the opposite is true. BTT is the same. - Thou shalt not get involved in announced pump and dumps. - Forget about IPOs. (At least at this point.) - Know the coin you trading. (E.g: after the DVC bounty payments you can always expect big dumps. That means good buy opportunities but it can mean that your BTC can get stuck in sell orders if you bought higher a few days earlier.) - Don't be greedy. A small but sure and relative risk free profit in your pocket is much better than any "great earning potential". - Always keep some money/BTC in reserve. So in short, stick to free stuff and be careful with your existing money. Title: Re: Mother keeps bugging her about her money. Post by: xbudahx on April 28, 2014, 03:23:59 PM This has to be a troll thread
Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 03:30:35 PM This has to be a troll thread Why? I am 100% legit. Title: Re: Mother keeps bugging her about her money. Post by: thedarksun on April 28, 2014, 03:30:50 PM tell her you screwed up and cash out. give the remaining money back and go get a job to pay back the rest... or you keep the coins and work for the whole 3000$ to give her the money back. dont invest friends and families money. that always ends bad. if you want to stay with cryptos, you need to try and learn as much as you can. you didn't really make a smart investment there, specially for short term gains. sorry this happened to you. gl with whatever you're going do and be honest to yourself and others. Well, originally I made 500 dollars after just one day. But I was too greedy and thought NMC would climb even higher then some bad news about a bank banning hit and the price dropped 2 dollars and from then on it was been on one steady decline. I have 1000+dollars that I want to invest myslef Because I definitely believe NMC could make at least 4 dollars with some good news in the near future just like it did some weeks ago when it went from 1.6 to 3.3. But I am afraid that 8 dollars and BTC at 1000 dollars will not happen this year and yeah, my father will KILL me. Go long. that 3K will be worth 30K in a few years. Then pay her back 6K and keep the rest for a car. ;) It also sounds to me like you are starting this at a young age. Keep it up, don't let your folks or anyone discourage you. You will be a very rich man one day. Nothing happens overnight. Thanks. Finally some words of encouragement. Title: Re: Mother keeps bugging her about her money. Post by: Zzzack on April 28, 2014, 03:36:50 PM This has to be a troll thread Why? I am 100% legit. This may sound bad...but pull your money from Nmc at a loss. It's not going to do better than the other alt coins around it in terms of roi. Go for something with low inflation (quark, zeta) or something with a multipool (black coin when it's cheaper) and make some gradual money. Also, PPC > Nmc any day. Title: Re: Mother keeps bugging me about her money. Post by: vrm86 on April 28, 2014, 03:47:50 PM Invest 0,15 BTC in coingen and release another
http://img.mogicons.com/l/if-you-know-what-i-mean-127.png Title: Re: Mother keeps bugging her about her money. Post by: btcltcdigger on April 28, 2014, 04:12:06 PM This has to be a troll thread Why? I am 100% legit. Nothing personal , but i just subscribed to this thread.... waiting for the imminent "please help me with donations" post Title: Re: Mother keeps bugging me about her money. Post by: Forexperiments on April 28, 2014, 04:14:32 PM well... my opinion is that no altcoin holds value. Look at any altcoin history, they always lose value overtime...
Title: Re: Mother keeps bugging me about her money. Post by: hyunsookmom on April 28, 2014, 04:41:11 PM I don't understand, the only way to make money in Crypto is making a fake IPO. Is there another way?
Title: Re: Mother keeps bugging me about her money. Post by: pajak666 on April 28, 2014, 04:47:50 PM https://www.youtube.com/watch?v=-DT7bX-B1Mg
Title: boom goes the dynamite ! Post by: Spoetnik on April 28, 2014, 05:06:42 PM i have been in your position and most times i bit the bullet when i in a short term frame of noticing i'm screwed
pulled out and dumped my coins and then swiftly used that money that invest in some other coin i know for sure i can profit on. Is that right for you ? i have no idea that is your choice and your problem.. you gotta know what your doing lol Most times that has worked for me well.. For example i was trapped in some coins way back and i seen a new opportunity to dump them and re-invest and i wound up easily working my coins back up within a couple trades making all my lost money back and far far more. BUT you have to know what your doing and have a good set of diverse trading skills. Otherwise you may just lose all your money entirely lol I started out in crypto with nothing and have made lots.. took me a week to get my first couple FTC coins.. which now is nothing and laughable lol it was a hard road but i battled ..even when EVERYONE laughed at me for using Nvidia and said i was wasting my time and it was IMPOSSIBLE to make anything with what i had.. And i won ! ..and i said i told you so to them and laughed loud in their faces as obnoxious as i could.. eat shit morons you know nothing :) Persistence and research and trade skill and a bit of luck and hope is the only thing gonna keep your head a float. snail said earlier don't panic and that is smartest thing i have seen posted yet here.. When people around your scream and run around like their on fire just kick back put your feet up, smile and grab a drink and laugh.. when your confident enough you can dig yourself out of any hole no matter how deep.. your golden, you will no longer be trading with emotion they call it. As long as you have *something left you can always figure something out.. if you have trade skills and noobs don't.. but they have big mouths, the loudest in our scene and love bullshitting people on chat box's ..always ignore dipshits on Troll box's lol They mention a coin more than once ? ...ignore ...period. what i'm saying is Time is Money.. you have to weigh what profit will you get long term vs dumping your coins, taking a loss and starting over again. that is a tricky situation though.. when to do that is hard to tell some times. just take your time and think carefully as best you can. And don't give up hope.. no point in jumping off a bridge or something.. times get rough.. days get dark and your luck may go to hell.. Have some faith knowing things will turn around eventually ..if you do the right actions and stay persistent and patient then you should be fine. The REAL question is do you have a bad ass take no prisoners elite trader in you ? Or did you fold and curl up in a ball on the floor crying ? lol Go kick some god damn fucking ass man ;) No fuckin' porisoners ! Go git you some ! a typical lesson in life is learning to take control of your fate rather than the other way around.. sit on your coins and get what ever others give you or take control and decide your own fate ? applies to life it's self in all aspects.. have you given up ? do you have the motivation to get good at this ? willing to work hard ? willing to have some faith ? If not, your options are very limited.. you get what you get then. Title: Re: boom goes the dynamite ! Post by: Globb0 on April 28, 2014, 05:44:36 PM As long as you have *something left you can always figure something out.. if you have trade skills and noobs don't.. but they have big mouths, the loudest in our scene and love bullshitting people on chat box's ..always ignore dipshits on Troll box's lol They mention a coin more than once ? ...ignore ...period. and a lot of the posts here in the endless what alt threads eg Earlier in this topic I promoted Solarcoin pretty hard, but that was only just to make its price rise so I could get more profit, because I had already seen it for the crap coin it is. careful who you trust. The organised pump threads. countdown to the coin name to be released. Oh look it seems from the market that 2 hours before they announce it someone (ahem) already brought in and rose the price a bit ready for you to repay them the profit when you join it. beware. Title: Re: Mother keeps bugging me about her money. Post by: Ibistru on April 28, 2014, 08:05:14 PM Love to see nobs losing their money! 8)
Title: Re: Mother keeps bugging me about her money. Post by: elixir on April 28, 2014, 09:43:32 PM try mining 666coin, launches May 3rd.
follow here for updates https://twitter.com/666Coin666 Title: Re: Mother keeps bugging me about her money. Post by: a20756079 on April 28, 2014, 10:11:34 PM To be safe, you should work at a gas station or as a prostitute while you are waiting.
Title: Re: Mother keeps bugging me about her money. Post by: disclaimer201 on April 28, 2014, 10:39:28 PM Hold your namecoins and forget about them. Like really stop obsessing about your loss. Get a job that is available to you at your age and promise your mother you will work to pay it back. The money is gone for the next year or two. Do not sell any nmc and buy crappy altcoins you know nothing about.
Nmc is sort of linked to BTC and protected due to merge mining. It will still be here even in 5 or 10 years, much unlike most other altcoins. More gambling is not the answer for bad trades imo. See it as an investment. Nmc is not the worst coin for a (long time) investment. It's safe. You just need to figure out what to do until then should your mother need the money. Title: Re: Mother keeps bugging me about her money. Post by: Trillium on April 28, 2014, 10:41:22 PM You really had no business gambling (I deliberately refrained from using the word "trading" here) with someone elses money. You got burned. Cash out what you have and make a plan to pay back the lost 25% of the loan over some time period.
Title: Re: Mother keeps bugging me about her money. Post by: Lauda on April 28, 2014, 11:00:09 PM Never invest money which you can't afford to lose. Get a job in the meantime.
Title: null Post by: CrazyLoaf on April 28, 2014, 11:17:31 PM null
Title: Re: Mother keeps bugging me about her money. Post by: BayAreaCoins on April 28, 2014, 11:56:18 PM In the beginning of january my mom gave me 3000dollars with which i bought nmc when they were 8 short before plumbing to 6<. Now she keeps bugging me where her money are because it has been some months. Do you guys think we will see an upswing in prices in summer because im gettin desperate here. She will kil me if NMC dies and all money are gone. Give her what there is left back. Some times shit doesn’t win and it is best to be honest. Maybe you should consider HUC. The same dude who did the name coin wallet did this coin as well. |
