Bitcoin Forum

I just want to know. I saw this thing happening, and I went for it, its my first big trade, I put everything I had, my whole savings into. I bought it too late because I was scared. But it kept growing. I bought at .0269, it barely got any higher, then it started to drop. I feel like such a fool. I thought this was the answer to my prayers. I have a baby daughter and a wife. I blew it. Darkcoin f**ked me. I don't know what to do now, I'm still holding my coins. I feel I need to vomit.
 :(

You should not put ALL your savings into Crypto. Only play with what you can afford to lose. This place is filled with noobs losing money getting lured by those huge pumps.

Always diversify your investments and DONT panic buy or sell, keep holding for now and sell as soon as your money is back

I don't get it, it's down 10% what you paid and you're freaking out?

That said, you sound like you need to learn a lesson.

The 10% you lost is worth it, because of the lesson you learnt: never invest in something that jumped 10x up in a few days. Gravity is not only a law of physics, but also of economy. The best way to make money with crypto is to spend a lot of times doing research, and putting money in a coin you have good reason to think is undervalued.

PS. selling now, at least half of what you have, to limit your loss might be a wise decision.

I bought litecoins for nearly 40$, but look at it now  ;D I am still holding, because I invest only money that I can afford to lose. That should be your lesson.
Goodl luck!

I would've switched my ltc for dark when it started going up. There is not much innovation with litecoin, and now that asics have taken over that market, there won't be much change in the marketcap of ltc if you don't count the relation to btc price change in it.

The only people who can tell you that will be the very last to share the information. And buyers like you are what they're counting on.

Haven't you noticed the same script being played out on here over and over again?

New coin launches. Massive rise in value. Everyone talks about it dethroning BTC within in a few weeks. 'It's different this time.' 'New paradigm.' Coin flops. No one still holding the coin can wrap their head around it.

I've never put more than half a per cent of what I've put into BTC into any alt so far. You've only lost a small percentage. If you're not comfortable with it then you can sell now and live for another day with a lesson learnt.

nobody knows what to do, maybe it go up or it go down very hard this night (-50%)

i lost about 17 btc buying mazacoin at the peak.  ;D

Every time I look at Mazacoin's price I have a small chuckle. I bought in at 17000 Satoshis and sold at 290.

Investing money that you need for day-to-day living is never a good idea. You should walk away with your 10% loss, or your gambler attitude will stress you out to no end which will make you lose a lot more.

Investing can only be done wisely if you have cold-blood, a well-informed head and not too much at stake.

lol are you serious?  ::)
your argumentation is pathetic

i hope you lose a lot of btc this night.

You're only down 10% or so. That sucks but it's hardly the end of the world.

nah its full of people like that, from the sounds of the texting its not american based neither, they beg, fud, yell, troll, eventually leave., just got scammed 0.3 BTC by some of them trolls, if ANY one is SO stupid to put 1  $ in crypto that he can't afford to loose hes dumber then it looks, this is not a klondike road, this place if filled with scammer, then theres the china FPGA X11 sham going around, then the pumpers, the dumpers, the fud ers, the players, the fu...ers, and well the shit coins...

if you have a baby and spent all of your money in this you SHOULD go to jail for child neglect.

now get the fu... away and get a job to get back what you just played in russian roulette

oh and a reall laugh at "if i can get back the .0269 ill break even.." you know thats like "14.19" USD ? give me your btc wallet ill send you a 20$ to go away

He's the one who willingly gambled away his "baby's milk"; the people who sold him their Darkcoins obviously have nothing to feel bad about.

You've put your entire life savings at the top of a pump on a coin that is based around closed source shenanigans? I would never do that, but if wanted to bet I would have put it on MRO which is based on solid tech, and has more room for growth. In any case, bad, bad idea to buy during an insane pump, the hype always dies down. Honestly, I have no idea what I would do, probably cash out as soon as possible. Dude you are nuts to let yourself go with the hype like that, even if it goes up again, it's just stupid. Independently of Darkcoin being a shitcoin or not, it's not the developer's fault you did the stupid move of risking your money like that.

Cryptocurrencies do not equalize wealth, they make wealth distribution more fair because they are not at the mercy of the governments whims, and their value are based solely on the logic of the free-market and the perceptions that its users have of its value.

You should assume responsibility for your actions; there are no sure and safe way to make a lot of money. Next time, do realize that losses are as likely as wins.

Dude, DRK is a bitcoin fork with a couple gimmicks, wise up. Bitcoin devs could copy and integrate everything that evan can come up for, on the other hand they can never copy cryptonote technology. Just look at things with perspective. Up or down, you are taking big risks with BTC, let alone an alt.

i'm surprised there isn't a bitcoin address at the end of your post

at least this shit could be closed...

You said it: in 11 months, not one week :)
If you truly believe that Darkcoin is superior, you should not give up now; cash out in a few months.

The price is only down 10% in terms of BTC, compared to what you buy for - this leaves you with a choice, realize your loss (10%) or hold the altcoins.
I you prediction is that altcoin will go over 0.0269 within the timeframe you have in mind then should you hold, else sell.

Keep in mind that bitcoin has gone up more than 10% over the last 2 days, which in reality leaves you with a profit in terms of dollars (why sad about that?)

You cannot expect all altcoins to always goes up, there is also a tendency that the altmarked drop when bitcoin jumps, that is logical, since some want to cashout and take advantage of the high dollar price.

Another free advice: If you are investing (in anything, stock, metal, crypto), never put all the eggs in one basket, spread out the investment. E.g 50% BTC, 20% Altcoin1, 20% Altcoin2, 10% Altcoin3.
If you but everyting in altcoin, then are you more gamling than investing, you might as well roll satoshi's dice.

I read once here at the forum (i don't remember who wrote it): "always keep one bitcoin safe and never use it".
Personally I like that advice a lot :)

good going, your back up ;)

now stop listening to people they are fudding with you.

they want you to buy when they sell and vice-verca.

do your own thinking

Hang on to those litecoin ;)

buy order at

0.02460000   698.41378256   17.18097905

0.02445000   3037.91356212   74.27698659


unless these are fake walls alot of money still there to buy up datkcoin

I'm not sure that's a good advise; if everybody did that, the crypto-economy would have been stagnant, and Bitcoin would not have the credibility and the price that it has now.

I bought bitcoin at $200 and it went to $120-$150 for a while. Should of sold at $120-$150 and would of got most of my investment back.

Stupid me for holding (lol)

With shallow markets, it's easy to push the price around......

it go up again slowly, ok now cash out and dont cry anymore.

and when darkcoin go from now 60 million marketcap to 500 million, pls also dont cry.

You said it, bitcoin need 11 month and not a few days, bitcoin go also down, and then up.
But when you also invest your money that is to your baby, than cash pls instant now out.

buy up datkcoin

datkoin

that coin

lol

I wouldn't invest more than 10% of my money in Bitcoin let alone the newer altcoins.  You have to be aware that all crypto investment is quite risky which is why the possible payoff are huge.  I'd recover at least 50% of your investmnet right now.  I think DRK will go up more but I wouldn't gamble with my life savings, especially not if I have a family to support.  Leave a small portion in DRK and learn to assess risk and speculate safely.

Thats what they want to happen- losing your head with your money. Careful. Even if the payoff seems so huge. It's too much, too fast, knowing when to get out is a question of either gambling on the market or controlling the market.

there is also the question when is your life better, you make from 1.000 dollar 50.000 dollar, would you cash out?
or would you think, maybe it can go to 500.000 because everyone say that?

the problem is, you will NEVER cash out and then you will lose.

No, it's over for noobs that can't figure out any investment never goes up exponentially in a straight line and you should never invest more money than you can afford to lose.

Well, we were all noobs at some point.
I wish OP to have more success next time he tries investing.

How much did you invest?

And as stated, only put as much into crypto as you are willing to lose.

An obvious tip, that others pointed out, don't jump in on a coin rise unless you are very sure you aren't getting in near the top.  The safe way to go is to just avoid pumps if you don't already own said coin.

That said, you really are getting upset because the coin went down 10%? If so, cryptos definitely are not for you. Prices don't move in a straight line... it may go down by half tomorrow, and a month from now be triple. Nobody knows. I expect Drk to go up over time, but up until recently it's been a real slow mover. It may stabilize at a lower level and the price will be stagnant for months at a time. Or tomorrow it will go up 50%.

The only thing I can suggest is if you invested enough for several thousand Drk, sell off enough where you feel comfortable with the investment, and use the rest for masternodes.

Whilst I had lots of fun being repeatedly raped by a succession of pump and dumps, in the end I decided it's just too unpredictable. By the time the rise is catching people's attention the chances are that it's on the verge of being over. Not always by any means, but very likely.

I resolved to only get in on the very ground floor of any alt. I got a stake of NEM and NXTL/Node. Who knows if they'll go places, I'm very confident about NEM, but my total outlay is $40 which I can happily see the back of and might just end up being money very well gambled.

Time spent looking for stuff under the radar is much more productive than fretting about whether you're on top of the wave that everyone else is riding. You need to detach from the herd and seek opportunities out on your own.

I feel like DRK is due for a correction and if it goes low again I plan to buy some.

Yes we should all feel terrible for OP's mistakes that probably didn't happen.

INB4 cointelpro/other JTRIG shilling--oh wait nevermind.

Nice troll. If anything DRK will be going up and up. There isn't any reason why DRK should be below $100 a coin in the very near future. Anonymous transactions supported by a strong community and dedicated development team is the only thing that can challenge bitcoin for the cryptocrown and judging by the views/posts on the DRK thread as well as the market cap -- DRK has all 3 balls in its court.

LMAO @ OP. Trolling has reached a different style these days.

What is your DRK address OP? It is surprising that you even know how to create a Darkcoin wallet with the number of posts you have.

Never go near any alt that goes up 14x in under a week. You know that is not natural growth, that is a pump. Whales prey on noobs that hear any coin is the next bitcoin.

Rule one about alts

Stay away from alts that just had huge price bumps.

Dark was too good to be true and you know what they say, if it sounds too good to be true then it usually is.  You can try to hold and see if it would rise again.  I mean look at BTC, it's finally back over $500 after sitting around $425 for the longest time.

You are just stupid... go to multilevel marketing or something like that at least you will had a unusefull products in your house to feed your baby instead of a virtual crypto code.... common are you serious with this?? ir its just a joke... i can belive how desperate and stupid can be the people

you had to be smart like me and buy at .00345.  then you don't have to worry about feeding your family.

but serious advice when it drops to .0225 sell it and when it rises to .03 buy it back again.  that's how you make money.

You do know this coin has a questionable past involving instant mining. Did you do any due diligence before buying in?

If you want to trade, you must learn about markets. Sometimes wisdom about markets is counter intuitive.
In life we are taught to hold our ground in adversity.
Don't do this in markets. Have a 10% stop loss, and preserve your capital. (Actually 10% stop loss may not be appropriate...you need to work out an appropriate stop loss  given your situation and this coin)

OP is pathetic.


as someone pointed out .. BTC has risen about 10% or so in the past few days ... soo.. USD-wise, you havn't really lost anything.

and a 10% drop is nothing. you should sell all your DRK tho, because you are stupid and deserve it.
no alt-coin is going to make YOU rich overnight.


just reading your post makes me want to punch you in the face ...
you should cut off your arm and your leg and feed it to your stupid baby.


we didn't take you babies milk, you did.

you don't understand what you are investing in and you deserve to lose it.

You guys are delusional.

Cryptos are Not Stocks.

You cannot compare Bitcoin and alt coins to the freaking stock market.

In alt coins, there is no such thing as price corretions, or reading charts to figure out the next rise, it's too unpredictable. Unless you're a millionaire pumping coins, you cannot predict anything.

DRK could reach $400 before settling, no one knows for sure, as it depends on DEMAND and SUPPLY.

Again, I cannot stress enough, this isn't the freaking stock market, and those rules and techniques do not apply here.

^^^ TRUTH.

Short-term alt price moves are dominated by whales that pump and dump hundreds and even thousands of BTC in and out of a coin. You are essentially at their whim if you day trade alts. If you guess wrong and get in or out at the wrong time, you could be stuck with a bag of overpriced coins or if the coin takes off, stuck on the sidelines. The smaller the marketcap, the easier it is to manipulate the price. Using stop loses and technical analysis when day trading alts just plays in to this. You also have to consider multipools that mine the most profitable alts, only to dump piles of coins on to the exchanges.

A simple investment strategy for the long term is to invest in a coin you believe in and wait until you are able to get back your initial investment by selling 10% of your coins and then selling another 10% every time the price doubles from there. That way you will be to take advantage of any continuing appreciation by not cashing in too early and you are guaranteed to come out ahead no matter what happens. You can also adjust the percentage to your particular needs and it removes short term volatility based on manipulation from the equation.

Isn't there a hardfork to implement Darksend in the next week or so? I'm not an investor, but it's certainly not "it" for Darkcoin.

^^ don't listen to him OP... that is "it" ... darkcoin has died. it will N-E-V-E-R go above 0.024 ever ever again. EVER.

vn10vn: Please consider what others have mentioned about being more careful. Practice frugality! Putting all your savings in the one basket (DRK) alone is a bad idea, let alone all your savings in Crypto. Diversify your assets and above all take the time to thoroughly research what your intend to invest in, of course it's never guaranteed to be an earner, but at the very least you will be more educated and thus confidant in your decision making.

I disagree.  Prices aside, there IS innovation with litecoin.  It started a whole avalanche of new coins because it innovated by changing the proof of work algorithm.

I also think you have it backwards.  When asics really take hold (we haven't seen anything yet), the marketcap will of course be affected.

next time don't buy at the peak of the pump, you should buy coin when they seems dead, not when they are pumped

exactly, thats why most are cashing out of dark and buying coins like MZC, CASH and NET. Those that appear to be dead.

Charts have nothing specifically to do with stocks, although much American thought is of this persuasion, due to the popularity of Elliot Wave theory.

Charting was independently developed in places like Japan, in the rice market.
Charting is about trends and supply and demand, and works better IMHO in cryptos than in the stockmarket

go to https://www.cryptsy.com/markets/view/155 and click on 1M

DarkCoin is on an unbroken upward trend. Not the slightest indication of a "This is it". (till now)

>I put everything I had

stop gambling. Why  tradeing everything or nothing? It's not the stock market where you pay courtages and if you deal with little money they eat up the win.

>my whole savings into.

irresponsible

> I bought at .0269, it barely got any higher, then it started to drop.

1M chart. You see the bumbs. You bought on top of the new one. Certainly if you had bought in the top of the 2 before you had done the same post and whit a lot more drama because they broke in more. Imagine a bown line smoothly attached to the bottom of the charts.
if it doesnt cross that line than everything is still in its intact upward trend. That includes the bump corrects which seems to be about 2 or 3 days. Start to worry when it breaks that trend.

> I feel like such a fool.
> I feel I need to vomit.

The sign that you took too much risk and know it. You should start to think over how you trade.
You can be glad that you picked the one of those "shit alt coins" as you see them judge by your post history i read that is extremly resistent to the usual alt hype, pump and dump that you have in other coins. So you have a very good chance not to lose your investment and even profit from it.

>Darkcoin f**ked me.

You should read your posts in this threads and count how many times you blamed all the others for your mistake.
There is absolutly no one you can blame except you. Before you are 100% clear about this thing you should stop trading because you do it 100% wrong then.

> I don't know what to do now, I'm still holding my coins

Don't panic and observe. And don't forget you can trade in small parts. No point in playing everything or nothing games. If you get too uneasy sell a part of it to reduce the potential you can lose and release the preasure on your stomach.


And yes DRK is the one alt coin that made the race. It's bitcoin, litecoin darkcoin. It became visible 1 or 2 month ago to a lot of people and thats the reason darkcoin gained so much value and will most probabily continue to gain value. People became aware of that.

I say pump it to the sky so that it can fall that much harder.

Soiledcoin did the same thing and got to 0.045 BTC per SC.

And now that coin is all but dead. It was a scam. DRK is closed-source when it comes to transactions. That is a huge fail on the term of accountability of coins. Otherwise what is to stop someone from just creating more DRK? What stops the devs from doing something like doing this? lol

Obvious trolls are obvious trolls. Check those user's history, enough said.

For everyone else.
wiki.darkcoin.eu/wiki/FAQ (http://wiki.darkcoin.eu/wiki/FAQ)
https://darkcointalk.org/ (https://darkcointalk.org/)

For anyone looking at the DRK/BTC market action this could not be more obvious.

People do not realize this coin will never get into major fiat exchanges. Even btc-e since that would threaten litecoin.
The dark markets will never use it over bitcoin. Convenient tools that enable anonymity in bitcoin will be developed.
Merchants will avoid it for reputation sake

There gonna be lots of bagholders when this hype over not-fully-implemented closed-source anonymity feature ends.  

Not saying it's a shit coin, it IS innovative. But its just overhyped due to this big never-ending pump.

says the dark shill who can't argue with the fact presented.

THE FACTS ABOUT DARK COIN

1. released without windows QT so that only dev and pals could mine it.

2. Instamined harder than any other coin out there  12.5% of the current minting was mined in the first day

3. Later they decided to cut the minting by 75% to turn their 12.5% instamine with no windows QT into 50% instamine in 24hours - nice hey


yes that is correct they mined 50% of all the coins available at this time by themselves in the first 24 hours whilst windows users could not mine.


That is the facts.... doesn't matter what else they say... nothing can change what they have done.

Once zero coin, or bytecoin with a decent wallet it released or another darkcoin clone is released.... dark coin will sink like a stone.


Every time they try to spam their coin just post this to remind them of the facts about their coin.

IF and that's an if and not a when.. darkcoin sinks like a stone somewhen in the future you will say "I told you so" and feel great how well you judged crypto.

..all the others will feel great walking to their bank laughing all the way.

Hope you see the point.

No coin will ever be the fair coin you dream and in which you invested right in time.

Think about it once. What is the motivation of any developer to createing a new coin?

Deal with the crypto world as it is and search your way. Screaming Scam for months on every coin you don't like won't bring you anywhere.

Damn man, why would you pour so much into a new and obviously pumped coin? You should sell as soon as you can to minimize your losses.

The large percentage of Darkcoin mined early on is a result of how the block reward structure is implemented. I believe Darkcoin is the only coin that uses inverted block rewards based on the current difficulty (the exact formula is in the Darkcoin announcement thread). The higher the network hash and resulting diff, the lower the number of coins awarded. Anyone that participates in coin launches knows the starting diff is very low and a large percentage of coins are mined early on as a result of the much faster block times than normal. It's true DarkCoin's inverted block reward structure favored the early miners, but that's also true for almost all coins and DarkCoin's starting block times and number of blocks mined early on are not very much different than the most coins, so I don't think it's fair to call it an insta-mine in the technical sense, it's a result of the higher block reward structure while the diff was low.

Litecoin had about 600 BLOCKS mined within the first 30 minutes = ~1 block every 3 seconds during the first 30 minutes

http://explorer.litecoin.net/chain/Litecoin?count=700&hi=700

Vertcoin had about 560 blocks mined in the first 30 minutes = ~1 block every 3.2 seconds during the first 30 minutes

http://cryptexplorer.com/chain/VertCoin?count=600&hi=600

Darkcoin had about 800 blocks mined within the first 30 minutes = ~1 block every 2.25 seconds during the first 30 minutes

http://explorer.darkcoin.io/chain/DarkCoin?hi=819&count=800


Those coins all had within 250 blocks, approximately the same number of blocks mined within 30 minutes of their launch, which is a function of the low starting diff causing blocks to be generated at a much higher number. The further you go from there you will see the block generation continuously progresses at a slower rate until reaching the target average block time for each coin.

IMO DarkCoin's current reward structure allows for a more widespread distribution through mining and prevents it's concentration much better than most coins, including BTC and LTC. In a similar way that to how Scrypt-N coins like Vertcoin prevent large miners from gaining too much of an advantage. Since DarkCoin's block reward keeps decreasing as the network hash increases, it deters industrial type miners with enormous hash from gaming the coin and concentrating it's distribution. Which makes the coin un-minable for the average person as a result of the increased difficulty and much like what mining BTC has evolved into and Scrypt mining will next.

pumps of the month *flavour of the month* occur all the time here.

last time it was blackcoin and before then mintcoin.

lost your money op

+1

its to late for that, you should feel ashamed

Darkccoin didn't fuck you. I know exactly who did, but you might not like that answer...

Someone asked for my dark address, I put it in my signature.

Well I'm out now, I took the loss, I sold it, and I'm finished now. I couldn't take it anymore, haven't slept in 48 hours. Bye.

Such greed, much financial Darwinism, wow

Not sure if the OP was trolling or serious... doesn't really matter, but bizarre either way.

I am wondering something, as I wasn't about during the time during btc's rise (not saying Drk will mimic it, just curious). Were people like this when btc started to go up... crash... rise again... crash again, and so on?

I just find it peculiar how there are people who seem to believe a coin will go up in a straight line until it reaches some astronomical height, yet don't take into account no coin has ever done that, including btc. I am speaking in generalities, not just related to Drk or this thread.

Does not go below .02.

People are simple minded and as such, have a simple minded outlook on things. They forget easily, forgetting Bitcoin crashed to 1 cent, then rebounded to $1200...

My advice is to dump all the crap coins and think before investing.

in before buys back in when next pump starts

In my op Darkcoin is about to fall.
It has the classical pump and dump you already know from other coins like that.
So sell everything you got before it goes to the ground or at least think twice before you decide to hold Darkcoin for longer.

MEMster here too Bob :)

I would invest in Curecoin :) - but never invest what you can't afford to lose as many others have said.

Its just my personal point of view. I have already seen a phenomena similar to Darkcoin.
Darkcoin will grow until it reaches a incredible market cap and fall to the ground when all the pumpers dump all coins the have at the highest bid-price.

Maybe now you can understand my point of view a bit better  ;)

I don't. I like anonymous coins like DRK and MRO for example. If you see, utopian had the foresight before things blew up too and he wan't the only NEMster to do so. I am a stake holder too. I just wish you would remove NEM details from your signature when you go around prognosticating about the future of other coins, I don't want people in DRK getting a bad impression about NEM. NEM will have it's fair share of attackers once it comes out. I have seen it from day one like I have seen DRK attacks from early January.