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Author Topic: We are back to where I originally bought in!  (Read 1014 times)
Elwar (OP)
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August 17, 2012, 06:59:08 PM
 #1

Back in early July 2011 I bought in with $10k at around $14.20. That was down from $17 so I thought I got a bargain.

It has been a long rough year since.

In my attempt to try to "get my money back", I got Zhoutgouned for most of it around the $4 mark.

Wish I had my original amount still in BTC. Sad

As they say, you haven't lost money until you cash out at a loss.

First seastead company actually selling sea homes: Ocean Builders https://ocean.builders  Of course we accept bitcoin.
BlackBison
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August 17, 2012, 07:01:26 PM
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As they say, you haven't lost money until you cash out at a loss.

Mostly losers who say that im afraid  Grin

Herodes
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August 17, 2012, 07:12:20 PM
 #3

Back in early July 2011 I bought in with $10k at around $14.20. That was down from $17 so I thought I got a bargain.

It has been a long rough year since.

In my attempt to try to "get my money back", I got Zhoutgouned for most of it around the $4 mark.

Wish I had my original amount still in BTC. Sad

As they say, you haven't lost money until you cash out at a loss.

I had a very long position too, seeing the worth halve, then after many months, it finally hit the old value, and doubled as well. I just figured I'd wait and stay in.

Nobody can foresee the future, so maybe even those buying in at 31ish can turn a profit if they wait long enough.
Spekulatius
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August 17, 2012, 07:12:30 PM
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Well, better cash out now buddy, Pirate* is gonna take a dump on you



*is he one of the super dump people?
WikileaksDude
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August 17, 2012, 07:14:13 PM
 #5

Back in early July 2011 I bought in with $10k at around $14.20. That was down from $17 so I thought I got a bargain.

It has been a long rough year since.

In my attempt to try to "get my money back", I got Zhoutgouned for most of it around the $4 mark.

Wish I had my original amount still in BTC. Sad

As they say, you haven't lost money until you cash out at a loss.

that was a long ride

That is true.
Beta-coiner1
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August 17, 2012, 07:15:02 PM
 #6

I'd actually wait to see first.The fundamentals at the other exchanges are pretty much the same with the price being over 15.Gox is just one exchange.

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August 17, 2012, 07:32:37 PM
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We start out in a similar boat time-wise.  A driving force for me was paranoia that the exchanges would be clamped down on which was unfortunate because it induced me to buy faster than I would have otherwise.

I kept buying all the way down and would have made one more purchase if we saw sub $2.00.  We never did and Tradehill went down and sent my money back which was a natural stepping off point.

Dabbled with Bitcoinica for fun and got really really lucky, but since I didn't have much on the line the haul was minimal and I gave it to charity.

I always assumed a 100% loss and in fact I still do.  If I were fortunate enough to cash out I figured it would be years from when I started.  So sitting on my hands has been mentally quite easy for me.  At $15 I was up 3x.  Even if we do hit any of my anticipated cash-out points I expect some significant downturns prior.


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