Bitcoin Forum

I listened to other people. Its my last savings and it´s on the bank for about 1 year now. I don´t like the fact that they make money with my cash and I get little to nothing. And the fact that a big war is coming (in my oppinion). So I was going to buy BTC. With the coins I bought 2 years ago @600 & 700 I was going to invest 95% of my savings. It looked to me like BTC was very cheap @230. Now you can imagine I regret it very much. I listened to others one more time and took the wrong decision.

Now I am too late. With my experience 2 years ago as I bought @600 & 700 (and did not sell @1000) I can imagine that it would be idiotic to buy at these prices. And until my cash would be @stamp it is pretty possible that we will already be at 600-700.

It is a fact that I don´t want my money in FIAT. The economy is not good and the €uro already lost so much against the Dollar. I have no idea about stocks and gold seems pretty "boring".

So what do you guys think?

Never listen to others and do your own research. If you want to trade for profit, then you should learn how to do technical analysis and so on.

Well that's unfortunate. If you bought then you could've got your noney doubled at this time. You see, being in the bitcoin community will always have some regrets, be it if we buy or we sell. Next time do set an eye on the price if you are planning on buying rather than listening to other peoples opinion.

Btw, I think you can still but some bitcoin right now and still profit from it, don't you think?

Everyone's a champ in hindsight. I was going to put some extra play money in a while back but never quite got around to it. A rapid profit would be nice but I'm content enough. Regardless of everything if said play money was my last savings I wouldn't have put any more in no matter what was happening.

Going by your registration date all this must feel pretty familiar. If it continues then soon enough there'll more talk of taking out loans, new paradigm, this time it's different and then look what happened. Things are very different now but there's no way of knowing what's around the corner. I don't think people ever really learn to step back and take stock in these types of scenarios.

i think you're still there to catch the second coming, i'm going to buy two more btc with what have left fiat

there is no stop at 450 here, we are headed at much higher value, if we cna break the last ATH, this baby will have no brake anymore

To OP

There were also people saying this is the time to accumulate more bitcoins. Maybe you should have listened to more varied opinions. I'd say listen to others but you can only act on what your own instincts tell you. You didn't buy because you had fear that the price would go down, this is not because of others but your own fear.  The buck stops with you.

If you want my opinion bitcoin is still cheap but if you buy now you have to be willing to not panic if price then drops. After a steep rise like this a pullback wouldn't be a surprise.

 

I agree, I was a bit worried that it can even drop under 200. But in long term (I am no daytrader) I knew it will be going back to new ATHs at one point. But who´d expected this explosion now. I thought I would have more time to think and make decision.

BTC is a cruel mistress in either direction for the unwary.

I know that feeling dude. Was about to buy again when prices are still at $270 but my other self told me that this run is just another $300 down to sub-$200 run. :/ I'm still heavily invested on the double-digits but it's not bad to expand your stash. Now, I'm regretting why I chose to get that table in exchange for a 100% profit if ever. :/

If you want to move money into Bitcoin fast there are now services that sidestep the bank transfer to exchanges. There are services advertised here that convert Paypal to Bitcoin. One person here set up a company called coinimal to do it. I expect he charges a fee, but it's faster than waiting for banks.

https://www.coinimal.com/

Here is his bitcointalk profile.

https://bitcointalk.org/index.php?action=profile;u=16614

It was the last of your savings? Then you made the right choice.  It might make you feel bad, but it could have gone the other way and ruined you.  Sometimes the conservative play is the best play, especially when you're gambling with the last of your chips.

Well 2 years ago I thought at 1200 it was the right time to sell. But like you I saw bold advices in this forum made by people who seemed to know bitcoin much better than me, so I changed my mind.
At the end I lost 3/4 of what I had.

Since then I follow one rule : Never trust anyone here. Whatever their past success, or profession, or fame. Bitcoin is too unpredictable for any so-called specialist. Learn by yourself, don't take risks and engage only what you can lose.

Over the last year my friends with finance degrees working at finance firms laughed at me for mentioning Bitcoin.





Now they want to know how to get some.

Never take things what other people say for granted. Not in this forum and not in real life. You see it brought you nothing beside a bad feeling. Do your own research is the best advice.

You are not yet late to buy bitcoins, according to me. But you must know that your profit from those bitcoins bought these days (and even from the others you bought before)  will not come very fast. You must wait and not few. Theoretically the price of bitcoin will and must be much more higher in the times to come. This is not only an opinion but have based foundations. But it is not sure on its happening because of some conditions out of the world of bitcoin (one of the most important is its regulation by the various countries). So if you will buy you will have risks. If you are ready to face these risks it is not yet late to buy.

Well I think I stick with the coins I have. The price is too high now and as we see, some people do simply not want a rally. I guess it was just another dead cat bounce.

Ah, btw. the person who told me not to buy was no insider, no pro or spec, it was my mom who has no clue about money  :D

I stopped reading here. This is bitcoin my dear, not community service..:)

You chose not to take a risk you couldn't afford. That was, and always will be, the smart choice. Sometimes dumb choices turn out well, but mostly they don't. Don't feel bad for being prudent.

It's not to late to buy now and well considering your dollar cost average and the time it takes to transfer coins to the exchange to even initiate the buying process you may as well get started on it now, the market is treading back so their is a window there of opportunity.
It never hurts to have the cash ready in the exchange for when the opportunity arrives and withdraw if it doesn't seem like a good time just a small fee for a good risk you can still be prudent while being prepared for most eventualities :)