Buying Bitcoin was a worst decision of my life

[jubalix]

Bitcoin is zero-sum; for every winner, there's a loser. Bitcoin  needs suckers like you. Thank you for supporting Bitcoin.

Actually FIAT is zero-sum, not so much BTC, as BTC carves out value representation from FIAT

[Wilhelmus]

I don't care about what Bitcoin's worth. Bitcoin will never grow if everyone looks how much it is worth fiat money. Maybe you're losing thousand dollars everyday because 1$ lose 0,00045€ value everyday, but does it hurt you ?

[troleybüs]

I think the exact opposite. Meeting with Bitcoin changed my life forever. Price can go up or down, but the fact is this technology gives me my financial freedom. I don't have to fear banks or government anymore. They can't seize my Bitcoins as easy as my bank account funds.

[Mickeyb]

I don't care about what Bitcoin's worth. Bitcoin will never grow if everyone looks how much it is worth fiat money. Maybe you're losing thousand dollars everyday because 1$ lose 0,00045€ value everyday, but does it hurt you ?

Well it's easy for you to say that when you didn't lose half of your investment. This however hurts quite a lot when it happens.

I know it's OP's fault that he got into this investment when Bitcoin was in a bubble, but however a bit of compassion is not bad to have and show.

[amaclin]

Bitcoin is zero-sum; for every winner, there's a loser.
Bitcoin  needs suckers like you. Thank you for supporting Bitcoin

Unfortunately, bitcoin is not even zero-sum.
Every day miners spend several hundreds thousands dollars for heating the air outside.
These money go outside the "bitcoin system" increasing the number of losers and decreasing the number of winners

[amaclin]

Fortunately there are still many who do not think about the price of bitcoin to fiat money.

numismatists? 
all others think how much goods they can get with currency today and tomorrow.

[maku]

Bitcoin is zero-sum; for every winner, there's a loser.
Bitcoin  needs suckers like you. Thank you for supporting Bitcoin

Unfortunately, bitcoin is not even zero-sum.
Every day miners spend several hundreds thousands dollars for heating the air outside.
These money go outside the "bitcoin system" increasing the number of losers and decreasing the number of winners

I don't think bitcoin is neither a 'zero sum game' nor losers game. I doesn't matter if you are early adopter and bitcoin milionaire.
Or you are poor soul enticed by new opportunity. Bitcoin is still positive phenomenon. Don't blame bitcoin for your losses.

[BADecker]

There are all kinds of fiat gurus talking about the collapse of fiat, and how it is imminent. These folks are connected to the investment world. When a collapse comes, it will hurt everyone. But the small people will be able to pick up the pieces and use fiat for trade. It's the investors and their dreams that will be hurt worst... or even destroyed.

Same with Bitcoin. When you buy for investment purposes, who knows what will happen? The thing to do is to use it for everyday buying and selling of the products that you need for everyday life. And if you can't do this because of Bitcoin's obscurity in an area, you have an already-made business sitting right there in front of you.

Get rich through working Bitcoin, not through investing in it, which is really trusting in the work of others, and skimming off the top. Work it by buying and selling everyday things of life with it. Run your business with it.

[RealBitcoin]

Bitcoin is zero-sum; for every winner, there's a loser. Bitcoin  needs suckers like you. Thank you for supporting Bitcoin.

Yea sure, so when you give a bitcoin service or create a bitcoin product, you are zero sum right?

So when you add value to the bitcoin economy, you are zero sum?

Gimme a break pal, bitcoin is a real currency, that has a real economy backing it, this is not 2013, bitcoin has already became a legitimate currency by now.

[AgentofCoin]

Bitcoin is zero-sum; for every winner, there's a loser. Bitcoin  needs suckers like you. Thank you for supporting Bitcoin.

Interesting view point from a high ranking account.

Here are some more associations to ponder:

Sports is zero-sum; for every winner, there's a loser. Sports needs suckers like you. Thank you for supporting Sports.
Investing is zero-sum; for every winner, there's a loser. Investing needs suckers like you. Thank you for supporting Investments.
Evolution is zero-sum; for every winner, there's a loser. Evolution needs suckers like you. Thank you for supporting Evolution.

[GenTarkin]

How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

Really it comes down to where do u place ur trust, corrupt fiat currencies or a currency which cant be altered on an elite fews whims.

Only people who believe in the latter will realize Bitcoin's potential future and hold long term for it to become a reality. If it never does, oh well at least it was a belief in a system better than fiat cronies.

If bitcoin or crypto simply fades away because noone wanted to do anything with it then... its proof of the reality everyone loves being a slave to "thesystem"(fiatland).

[edric]

How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

Even if Bitcoin goes to 1 penny I will still not regret having been involved.  Given the underlying dynamics of the currency, the long term risk-reward ratio is incredibly lucrative.  I consider it to a 0 or $100,000k proposition.  Sure, something could replace Bitcoin or disrupt the network, but until then, I expect the long term fundamentals to continue driving the price upward.

[klm bitcoin]

just spend what you can afford. Don't speculate! realize that the price can go up in the future and it can go down as well

[leex1528]

You gotta realize you are making several mistakes, so you can't blame anything yet though.  One- Don't buy in all in one thing, that is pretty much lesson number one of investing.  Two-  Just because you are down now doesn't mean you are for good, it could very well go back up. 

[VirosaGITS]

You gotta realize you are making several mistakes, so you can't blame anything yet though.  One- Don't buy in all in one thing, that is pretty much lesson number one of investing.  Two-  Just because you are down now doesn't mean you are for good, it could very well go back up. 

Right, don't put all your eggs in the same basket. But BTC could also be considered "eggs" so you should place those too. Just keeping it, is just hoping they will gain value, which is in itself, a single basket.

[Supercrypt]

You gotta realize you are making several mistakes, so you can't blame anything yet though.  One- Don't buy in all in one thing, that is pretty much lesson number one of investing.  Two-  Just because you are down now doesn't mean you are for good, it could very well go back up. 

Right, don't put all your eggs in the same basket. But BTC could also be considered "eggs" so you should place those too. Just keeping it, is just hoping they will gain value, which is in itself, a single basket.

There are lot of thumb rules in portfolio management. The foremost rule is split the investment across many instruments so that the risks associated would be minimized. The two pints you have stated are most common in an investor's financila management when prices go up everything would be normal.

[danherbias07]

I just thought of something. Yes maybe he started when it is just starting. Give it a chance. It is just like work. You cannot be perfect at start you will need more knowledge and be trained by experience. Now it is getting stable. Perhaps he should go back.

[Hellacopter]

just spend what you can afford. Don't speculate! realize that the price can go up in the future and it can go down as well

Yes that is about investing in bitcoin in short term i think this is true, but if we plan to hold the bitcoins for long term period i think the prices will increase in some moment and can make the estimated profit

[bitgolden]

just spend what you can afford. Don't speculate! realize that the price can go up in the future and it can go down as well

Yes that is about investing in bitcoin in short term i think this is true, but if we plan to hold the bitcoins for long term period i think the prices will increase in some moment and can make the estimated profit

Yes with respect to bitcoin investments, the wrong decisions all would be turned into very much right decisions one day when the price of one bitcoin hit the price higher than your bought price. But the pleasing truth is, it is highly possible in very near future on the expectation of halving.

[Blawpaw]

How many of you can admit that buying Bitcoin was a worst decision of your life? I can. I'm approximately -50% in fiat funds now.
Sooner or later some type of bank chain or coin will come and gain mass adoption - while bitcoin still remaining a geek coin
to buy weed.
I know this forum is more like a cult than a information channel what comes to honest opinions but I know there's others
on this forum who feel the same, almost all of us. Don't let your cult believer ego come in the way.

Well, the problem is... you bought them to hold. and the worst was you bought them at a bad time. You bought them when they were still pretty expensive and now you will have to wait if you want to see your other half of investment come back to your pocket. But don't dispair, if you hold them I'm pretty sure that the price will only go higher and higher from now on. You could see some retracements, and that's pretty a healthy event in any market. So, my advice is, hold them, hold them tight cause I really believe it will be possible for you will get at least double of your investment.