Bitcoin Forum

I've been around long enough and know the price will recover sooner or later, but that doesn't stop the sting.

I realized i was laughing, that sad laugh that escapes you when you are completely powerless.

Kind of like how i'd wake up in a bar and remember i had a final exam in twenty minutes.

So i laughed my sad laugh, and deposited more money to buy more coins, what a confusing world we live in.

how much have you lost?

You don't lose till you sell.

So...you thought it was worth over $1000....

And now you're buying more for under $200...

And that makes you sad?




He hasn't lost anything, if he hasn't sold at a loss.

I always ignore that "Warning:  A new post has been added"

Because it won't hurt if I post the same thing again.

We love to read all your posts!

I love posting those posts, and your enjoyment of them can only add more enjoyment to my own

I think this post is pretty spot on...A lower entry point for new users is a good thing.
A lower price actually strengthens bitcoin, rather than hurt it.
Sure many of the real old skool holders feel some pain, but long term this is a necessary storm we must all ride out.

Only people with weak heads talk about weak hands.  ::)

Come on guys, it has breached 200. It's gonna go much lower. I know bitcoin will recover and I'm bullish long term crypto, but this is not the right time to buy if you're already down, the slaughtering can still get much worse. Remember not to chase your losses, it feels even worse than losing in the first place. :(

I'm sorry, but...

http://i.ytimg.com/vi/mpfjJwexXIw/hqdefault.jpg

So you lose money, yet toss more money at the same sinking ship hoping to make money?  Then claim the system is confusing?

Oh man, you can't even make this stuff up.  You really do deserve to lose every penny you 'invest.'

Nice purchase today... you'll have the last laugh  :D

@flipstyle yeah, you're sorry all right. Averaging down isn't a bad idea. What's a bad idea is taking pleasure at his losing money. That's... a little more than low character. Psychopathic more like. Of course the pathology is no doubt your buying in at 1k+ or some such situation. Being mean to this guy makes you feel better about your situation.

These forums seem to be overrun with trollish scum such as yourself.

Nobody made the foolish decisions (and repeatedly, might I add) except himself.  Averaging down only works under the assumption of certainly that it will rise again.  Cool crystal ball you have there.

He stated he made a mistake that he regretted, yet did it again.  Am I supposed to have sympathy for someone who makes such asinine decisions?

By the way, I lost a few hundred from scammy exchanges.  Whooptie doo. My fault.  Did I create a pitty party thread for it so people could pat me on the back and say 'don't worry, it wasn't such a stupid mistake'...when it really was?

It's shills and people egging him on by encouraging his spending habits and rationalizing his losses that are his worst enemy (such as yourself).  He obviously needs a cold dose of reality, as do many of these sulking prospectors in crypto.  

After all, its the scumbag shills screaming to 'buy buy buy!' that will be the first ones to leave his side once the ship sinks.  Acting like they're going to be there to console him when he encounters financial hardship by paying him money out of their own pockets is laughable.

"It's gonna go much lower."

It is? and yet you don't say why.

"I know bitcoin will recover"

You do? and yet you don't say why. Or is, YOUR being "bullish" what affects price? These posts are more painful than the price.

"but this is not the right time to buy if you're already down"

Since when is it wrong to average down?

"the slaughtering can still get much worse. "

Life can always get worse :)

By all means, continue averaging down and invest the rest of your funds towards Bitcoin, and report back next year.  I'll be happy to read your findings.  Hopefully it's not in the same remorseful tone as the OP.

https://i.warosu.org/data/fa/img/0074/18/1387167205631.jpg

You are the poet of the blockchain Bit :-)

Thank you  ;)

@ flipstyle.....

I bought most of my babies when the world was but a small place. There were guys like you then, just like there are guys like you now.

They said, "it will never work, you will sink" as i sadly deposited more money to buy more coins.

They shook their heads and abandoned me to the tide, for to them i was a lost cause.

You only increase my sadness when i ponder your foolishness, standing on the beach laughing at the guy building a raft.

You say many words, but we all hear the hollow echo as in your heart you know my path is true.

You are like a cornered animal, lashing out at everything and jumping at the slightest sound.

You've already cried your $1000 dollar tears and now try to drag others down in your misery,

My raft shall be be my deliverance as i call all the little lost Bitcoins to my side.

And i know when the time is nigh, I'll ride once again into a glorious outcome.

I remember the screams and the wailing, when my old $1000 raft became $ 50 000

~Noah

So you create a self-loathing thread with a tone of nothing but sorrow and regret.

Then attempt to validate yourself by comparing your meager failed investment to a fabled biblical character?

Seems to follow your past logic of living in a false reality.

If it's one thing bitcoin shills and MLM marketers share in common, its a high sense of illusion and grandeur tales of promised riches.

Whatever makes you feel better, bro. :)

Meager in your rich life style, in mine a x50 rise is a big thing. Your bitterness at your losses or whatever reason is what leads you to post scathing comments in other threads.

I'm sorry but trying to agitate other really isn't going to fix your problems, we can talk about it if you want

Right.

So first you claim you were experiencing the sting of an obvious market bubble and looked for sympathetic bro-hugs.  Then I try and knock some sense into you by stating your own sadness was nothing more than your past and continued mistakes, and that you need to wake the hell up and quit committing these investment fallacies.

Your 'defense mechanism' kicks in and you suddenly retract your story and reinvent yourself as some battle-tested messiah who has no time to weep when you're basking in a 50x profit.

Hey, you're the one parting seas, not me champ. :)

If ever you'd like to finally get your story straight and sober up from your obvious current state of disillusionment, then I'm here for ya.  But I probably won't tell you what you don't want to hear, seeing as you have some unhealthy infatuation with self-inflicted pain.

I didn't wast time, i just highlighted all the areas you are wrong, care to re-write your statement?

I didn't stutter.  First you cry, then you gloat about 50x profit.  Which one is it? Or is your memory still fuzzy?


It's ok if you don't want to discuss your obvious contradictions.  I forgive you.

I was afraid of getting lower prices, because I hope to bitcoin. hopefully the March increase, at least $450.

what are your thoughts?

This isn't the speculation board but while i do hope for the same, i can only guess that it will take a bit longer to recover.

that's what I'm experiencing right now. Just completed a small purchase. Nothing big... just playing my part. If only I could turn the tears of sadness into laughter  ;D

Soon!! Hang in there!

To remedy this situation I suggest watching Vinnie Jones movie 'Redirected'  ;D

Maybe The Vagina Monologues would be more appropriate for this thread

Haven't heard of that till now lol. Is it a book or a movie or what?

It's a stage production mostly, if you see it playing near you, get the bros together, make a night of it....



;)

Lol... Sponsored by BitPay

From what I understood he believes in the technology long term and thinks it will recover. So yeah its sad, but at the endo f the day you know it will go back up, long term tho. So if you believe long term, why not buy more when you can have what you believe in at a 80% discount.

Of course it stings that it is down. We all know bitcoin will recover though.

This only goes to show that the very best time to entire a market is right after a crash. Look at oil. Might be worth a look pretty soon.
After all, they didn't invest in all that oil equipment to sell $20/barrel oil!

Buy a distress sale oilfield for $1, find out how to pocket $$$$ in "carbon tax" not to produce anything :D

A certain amount of culling is actually good for the ecosystem.
Bitcoin's extreme volatily has been caused in great part by the too many self-styled 'investors', the ones that find themselves crying now.

I agree the day traders and pseudo investors are panicking but many are loading up on the way down to further hold.

No, that's delusional. You have to value your assets at market.

Go on, say it again, have to, have to, have to, then scream and throw a tantrum like a 2 year old not getting candy in a store.

Haven't sold, haven't lost  :P

Incorrect.

If you spend $1000 on 1 Bitcoin, you have 1 Bitcoin no matter what the market price is.  That is what you bought, and you haven't lost it as long as you have that 1 Bitcoin.

If you sell that Bitcoin for $500, then you have 0 Bitcoin and $500 instead of $1000.  Then you have $500 less than you started with, and nothing else.

But you already lost the $1000 as soon as you bought, and you gained 1 Bitcoin.  

"You don't lose till you sell."
So right! Are you interested in my super-guaranteed toilet fund?

Instructions to invest:
1) put your money in the toilet
2) flush
3) ?
4) profit

The fund is 100% guaranteed, you will not lose anything until you sell!

You think you're being sarcastic, but your actual advice is to buy high and sell low "so you won't lose it".

It's bad when your mocking scorn is the same thing as your own investment strategy.

Well that's not how every hodler looks at it. People owning bitcoin before the boom of 2013 regret selling before the price rise. I can see where the guy saying You don't lose till you sell. is coming from. He's clrarly a believer into the longterm success of bitcoin. I wouldn't call that delusional.

http://lmgtfy.com/?q=analogy

I couldn't agree more mate .
That's true , you won't lose anything unless you start selling which you shouldn't do of course , just hold your coins and wait till the price rise like crazy  ::)

If you bought and now your stuff is worth more according to market prices. You are in safe position and don't need to worry about the future, and if something bad happens or a better investing opportunity appears, you won't be in a loss position

If you bought and now is at loss, then if something bad happens and you have to cash out then you will be at loss. And there is always a chance the value will never recover.

I understand why OP is sad and worried.

I feel you a little.

> assuming the price will ever recover to the same levels you bought in at
> assuming you'll have the sanity to actually sell when/if that point ever comes, seeing as many of you didn't sell the first time around when you should have


http://buzzpopped.com/wp-content/uploads/2012/07/tom-cruise-laughing.jpg

So riddle me this dillusional HODLERS...if this is nothing more than a long term 'belief' in technology, but you aren't even using the technology, and just codling it like a baby in cold storage, then what is the point of you even having bitcoin?  I thought the entire purpose was for its usage.  That's not using it.

And oh wait, it gets better! To actually use it, means its purchasing power is still tied directly to fiat...meaning you're taking a loss at current market levels.  So in essence, what you're really waiting for is 'TO DA MOON,' meaning some unrealistic messiah shill levels of like "$100,000 per coin...I guarantee it!!!!!"

http://i.kinja-img.com/gawker-media/image/upload/s--akorhf4Q--/18r4l0b6t5bucjpg.jpg


TL;DR:

ITT: shill 'investors' hiding behind a guise of belief in technology and 'changin da system yo!'

Good luck with that pipe dream lolllllllllll.

No, what I said doesn't assume anything.  It's plain English and logic.

If you want 1 Bitcoin for $1000, you lose $1000 and gain 1 Bitcoin when you buy.

If you don't sell the 1 Bitcoin, the changes in the market don't magically take away your 1 Bitcoin.

If you sell that 1 Bitcoin for $2000, you have lost 100% of your Bitcoin.

If you want to talk about opportunity costs, compare it to a vacation that costs you $1000 and 180 hours of your time.  Can you later sell that vacation for $500, or get back any of your lost time?  No, but if you sell your 1 Bitcoin for $500, then you're $500 richer than if you had spent that $1000 on a vacation. 

+1
I think you nailed it.

1 - 0 = "it depends"

http://ct.fra.bz/ol/fz/sw/i54/2/11/30/frabz-NAILED-IT-8799ab.jpg

I have no idea what you just said.

If you sell 1 bitcoin for $500 but purchased it at $1,000, you took a net loss of $500.

1 bitcoin is 1 bitcoin if you hold it.  Is this a philosophical attempt at logic?  

That's like saying 1 dot matrix printer is 1 dot matrix printer.  It still doesn't detract from the fact it's damn near worthless in both utility and resale price from when it was originally purchased.

Your 'my 1 bitcoin is still 1 bitcoin' mentality is nothing but a hoarder mentality.  Meaning, you will be the first to catch fire once the train leaves the station, because you bought a ticket, but never used it.  Thus, it's basically worthless, because you never even used it for its intended use.  It's worth simply the intrinsic value of the piece of paper itself (or in your case, a few bytes of data on a harddrive).

I think you have a hard time distinguishing between sentimental worth and purchasing power.  Perhaps you should have straightened that out before you 'invested' in bitcoin.  

People HODLING for ages remind me of those people hoarding retro release Air Jordans and call themselves shoe heads.  They say they're the best shoes ever made, hype them to the moon on forums, but have not even so much as taken the wrapping off the package, for fear they'll destroy 'future resale value.'   That's not a belief or use of technology, that's blind hype investing.  

There's a fine, fine difference between the two, and it's easy to tell who's who in this bitcoin game simply by what they type.  Guess which category you and the OP fall? :)

They are awesome parts sources for 3D printers, especially the wide carriage ones.

I will agree there.  But as per their function and utility as a unit, they are a far cry from 2+ decades ago.  But damn, at the time...dot matrix printers was like wizzardry compared to typewriters lol.

Let's say you had $1000 and you bought one bitcoin and now it is worth $200. There are two ways to look at it without being delusional:

1. You have $0 and 1 bitcoin, but "you don't lose until you sell".

In this case, you lost $1000 when you bought the bitcoin. According to you, you have a bitcoin that has no value until you sell it. You have $0 plus a bitcoin worth nothing, so you lost $1000. You may gain some money back when you sell the bitcoin, but in the meantime you lost $1000.

2. Mark-to-market: you have $0 and $200 worth of bitcoins.

In this case you effectively have $200 because you can exchange the bitcoin for $200. You lost $800.

Correct.    Stating 'I have 1 bitcoin, which means I still have 1 bitcoin until I decide to sell' is nothing but a philosophical retort.  

I can sit here all day and retort with,  'I still have life until the time I die.'

But just having 1 bitcoin in cold storage...still has a 'real world' dollar and utility purchasing power value less than what you purchased it for (if this is indeed the case)



Placing a sentimental or emotional value higher than that might be an offsetting moral victory for some in the face of financial loss.  That's certainly fine.  

To each their own.

you are gonna laugh and laugh and laugh again some more in the near future. don't worry too much about it just laugh some more :D

Just don't check price for month, you will be a lot more happy

I don't think either way is going to make anyone who bought at $1k feel any better about their situation. Although scenario 2 is much more accurate

I use dot matrix printers every day.  I need them, and so does everyone who prints on 2-part or 3-part forms.  So your analogy is fitting, since it shows how you declare things worthless when you are blindly ignorant of relevant facts.

Then you dig yourself deeper by talking about the worth of a dot matrix printer in terms of resale value.  I bought it because I needed to use it, and it has already paid for itself many times over by saving the time and ink it would have cost to print everything twice.  I have personally printed hundreds of thousands of 2-part pages on dot matrix printers in the past 10 years.

Plus, dot matrix printers are still the best in terms of speed for certain applications.  Sometimes they are worth more than other printers.  All the companies that still sell ink ribbons aren't doing it because they're delusional.

As for your inability to understand plain logic, I think you're playing dumb.  Yes, 1 bitcoin is 1 bitcoin.  First you act like you don't know that, and then you say it's so obvious that it's not worth saying.  But then you take the time to point out that 1000 minus 800 is 200.  Very good, you can do math when it suits you.  

But you still can't determine the worth of something when you don't have enough relevant information.  And you don't.  

I admit, your hindsight is very good.  You now know that people could've waited and bought bitcoins cheaper.  Good boy, very smart.  But for some uses, such as buying certain altcoins, 1 Bitcoin still buys the same amount as it bought several months ago.  So it turns out that Bitcoin does have value completely separate from its price in dollars.

For me, Bitcoin is like a dot matrix printer.  I bought it because I needed to start using it immediately, I got my money's worth, and I'll buy more as I need them no matter what the current price.  Of course, since I anticipate needing them in the future, I might buy extra if I think I'm getting a good buy.  Maybe I'll be wrong and they'll be even cheaper next month, but either way I still need them for things that are worth more than I paid.

Get it?  Of course you don't.  But if I need 1 dot matrix printer to do $5000 worth of work over the next year, $1000 is a good price.  If the price later changes to $200, that doesn't take away my printer or the value of the work the printer does.  And I don't want to spend 6 months without a printer while I'm waiting for the price to drop, so I still don't regret paying $1000.  It was still a good buy, unless you want to lend me your time machine so I can take a currently-priced $200 printer back to myself last year.

Here's your quiz to see if you learned anything:  If I buy 1 dot matrix printer for $1000, and it saves me $5000 over 1 year, and then the price drops to $200 - how much money have I lost?  How many dot matrix printers do I have left, after the change in market price?

If I buy 1btc for $1000 and use it to place a buy wall on an altcoin exchange, bolstering buyer confidence and driving the price up, allowing me to sell my altcoin for an additional $5000 profit without actually spending any of the 1btc, then I still have 1btc and $4000 extra dollars.  How much did I "lose" using your math?

I just saw a similar situation yesterday at Cryptsy.  Fractalcoin has been at 1999 satoshis for weeks, but somebody put 1BTC at 1997.  It influenced people, even though .96BTC of it is still there, and the price immediately went to 2499 where it still is today.  Fractalcoin is limited to 1 million coins, and block reward is 1 coin.  The only way to get a lot of them is with Bitcoin.  It doesn't matter how much that guy paid for his 1BTC, it served the same purpose and is worth the same to him as it would have been a few months ago.  And that 1BTC can buy more Fractalcoin today than it could buy a few months ago, so for that purpose Bitcoin is worth more than it was worth a few months ago.