Feeling the burn

[pacman7331]

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

[Tyrantt]

Well to be honest, with you, if you have that kind of money to cover then go for it. Because the price can be still considered somewhat low if you take into question the price that is thought to be in a few years (4000-5000$). But I'd be careful this time if I were you.

[ImHash]

Too late, price is already $2500 now you could buy at $2200 and earn at least $300 2 days ago and even now is not that late if you hurry.

[ASHLIUSZ]

Really bad of you. Just because of the exchanges PBOC made the regulations and an inspection, but finally the end sufferers were the common men who have been making a good earning and finally unable to do anything same as the Op. Nothing can be done as well none in the forum would show interest in taking such risks staying away from your nation.

[arwin100]

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

People losses in their bad decision but care to monitor first if its really worth for you to buy again at this rate since anything would be happen again if you rush your decision on it maybe try to monitor first some aspects on its downfall times and see some charts on its past movements so that you can tell and analyze for yourself that its worth to buy now and earn some profits for yourself this time around.

[flower1024]

Too late, price is already $2500 now you could buy at $2200 and earn at least $300 2 days ago and even now is not that late if you hurry.

It is not late because do you know bitcoin prices will never go higher than current price?

For any investment all your earlier mistakes are learnings and with those experience should move on but shouldn't stop and just regret your mistakes. That's why people always says that it is better to diversify your funds instead just keep in one asset. You should have kept some bitcoins, and some should have used to buy other coins but now still you can start slowly again, and over the time you will still gain a good profit.

[Pearls Before Swine]

Too late, price is already $2500 now you could buy at $2200 and earn at least $300 2 days ago and even now is not that late if you hurry.

It's not too late.  Though I'm scared of how fast the price has risen in the last few months I do think we can go much higher, but the key is s.l.o.w.l.y.  Nobody here wants us to crash down to $200 again.  Lots of you probably think that's not possible, but that's typical bubble thinking.  None of you probably have ever experienced one of the speculative bubbles of the last two decades, and this all seems like you're floating on a cloud.  If we don't start slowing down, none of this is going to last.

But yeah, buy in now.  It ain't too late.

[darthmaul]

Yup! Buy now as you still got a chance to jump in. The current price of bitcoin is not highest point which it can achieve it just 20-30% percent what it can really achieve. So it is better you start you jump in now. The speculated price can each $ 3500- $4000 easily by the end up of this year atlas within two month of next year 2018.  I know that is hard to believe but what can lead to trust is bitcoin was $200 two years ago and it is 2500 now. The mining has advanced a lot and it is being implemented very fast now a days. More of it causing bitcoin to rise in value day by day. So yeah its good time to jump in otherwise you will burn next year too.

[mrfreezeh]

Too late, price is already $2500 now you could buy at $2200 and earn at least $300 2 days ago and even now is not that late if you hurry.

It's not too late.  Though I'm scared of how fast the price has risen in the last few months I do think we can go much higher, but the key is s.l.o.w.l.y.  Nobody here wants us to crash down to $200 again.  Lots of you probably think that's not possible, but that's typical bubble thinking.  None of you probably have ever experienced one of the speculative bubbles of the last two decades, and this all seems like you're floating on a cloud.  If we don't start slowing down, none of this is going to last.

But yeah, buy in now.  It ain't too late.

I think it will not be too late if you are a long term investor. Bitcoin will increase in the future, but it will not increase continuously because it takes time to relax and cool down. You buy for the current $ 2,500, so that one year after that number can be up to $ 10,000 / BTC, it is expected for a glorious future of Bitcoin. But in terms of the present, I think history may repeat itself, some news that could blow down this Bitcoin bubble, but in great detail, no one knew what would happen! Consider your money if you are not a Long Term investor and patience

[Dudeperfect]

I am sorry for your loss but I am sure you have learned good lessons from it. Now, I think if you are looking for a long term then you can go with the current price and with the volatility of the price which I am expecting,  would give you the average price for around $2K if you are buying in small parts (multiple orders with low quantity, high frequency). I am not much confident if you are looking for short term profits.

[machinek20]

If you are looking for long time investment, then you still can buy it, for the next 3 to 5 years, so many people believe that bitcoin will spike up because there are so many country start to adopt bitcoin, playing with alt coin is like gambling because the outcome is hard to predict, actually if you buy the right coin you can get more profit than bitcoin

[odolvlobo]

Do not invest in Bitcoin. By your own admission, you clearly don't know what you are doing. You are not investing, you are gambling.

Watch this: https://www.youtube.com/watch?v=WtKMKKnBX-Q

Do not listen to the idiots here that are encouraging you to make a bad decision.

Invest in something else instead. Invest in something you understand. You may not make as much and you definitely will not lose as much, but at least you will be able to sleep at night.

[L00n3y]

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

They say that if you are playing with fire, you'll get burned. Well that's sad for you because many have thought that ltc will overtakes Bitcoin price and turn into that altcoins instead. It feels like Bitcoin is saying that "don't forget that I am the legend". Of course we can't blame people on that because we can't always predict the trends in trading and cryptocurrencies price.

I think before Bitcoin hit 3000$ you should buy now. Buy what you can afford.

[arwin100]

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

They say that if you are playing with fire, you'll get burned. Well that's sad for you because many have thought that ltc will overtakes Bitcoin price and turn into that altcoins instead. It feels like Bitcoin is saying that "don't forget that I am the legend". Of course we can't blame people on that because we can't always predict the trends in trading and cryptocurrencies price.

I think before Bitcoin hit 3000$ you should buy now. Buy what you can afford.

To many fuds scattered before for ltc since many people say that ltc coin are much better than btc and it create little impact unto that but suddenly bitcoins price dump so hard and ltc has been left out thats why some of the investors, stakers feel bad from it and lose their hodl money for quite while. But if they save their LTC up till know well if surely they have earn even double from their capital at this matter.

[omonuyak]

I had about 6.7 BTC back in 2014 or so at a price of about 1600$ I was down about 250$ and then I kept seeing litecoin go up 20% a day and jumped into that... then it spiked at 7.5$ or so... and then it dumped down to about 4$ I lost 700$ or so... and then kept playing around and finally got out with about 200$ left. About 6-8 months later BTC went to 300... and it's been rising ever since.... now i'm feeling the burn.

I should have never bought LTC...

I learned a lot about economics and had a lot of fun trading, even though I lost.

I was considering maybe jumping in again with 1000$. I'd probably go back to bitfinex.
Try some longs or shorts.

Thing is I probably would have bought ealier but you can't buy if you have no money.
Now I got some but i'm in China, and exhanges here still seem reticent on withdraws.

I dunno what do ya'll think? Buy in at 2400$?

I do feel your pain and hope your new investment will yeld high profit that will out value what you have lost in the past. But to be frank with you, I think you are buying at a wrong time and that is why you are lossing. If you buy goods at retail price, you will definitely going to lose, please now is not the best time to buy.

[FlightyPouch]

Thanks for the advice. I'll think about it as I look for an exchange. And it's true I was gambling.

Every investment is a gamble, without risks, you will not earn or get a profit, you will always be scared to invest.

We still don't know what may happen to bitcoin's price this August, many predictions are being asked and told, still we don't know what may occur. These days, bitcoin is not the only popular digital currency, theres ETH which is following bitcoin, maybe you can check it too.

[klf]

Thanks for the advice. I'll think about it as I look for an exchange. And it's true I was gambling.

Every investment is a gamble, without risks, you will not earn or get a profit, you will always be scared to invest.

We still don't know what may happen to bitcoin's price this August, many predictions are being asked and told, still we don't know what may occur. These days, bitcoin is not the only popular digital currency, theres ETH which is following bitcoin, maybe you can check it too.

Yes, all investments usually come with some kind of risks and we should take some risks based on our financial needs to grow our money for future usage. If you don't invest then you can't grow your money but we can reduce these risks by properly diversifying your funds. Don't invest all your money in any single coin but invest in few good coins. If anyone performs bad others will compensate those losses.

[Mometaskers]

If you're into holding bitcoin as an asset for the long term, I don't see any reason why you shouldn't buy now. I mean, it only looks disappointing in hindsight but no one could have really anticipated this. I saw The Economist sharing a post of FB saying that if you bought $1000 worth of Biticoins in 2010, it would be $46M now.   

Still, the prices can still rise and you can still earn some profits. Just don't expect it to keep making steep climbs. Though bitcoin has been on a steady ascent, there have been many plunges here and there.

And yeah, don't get into trading if you don't know what you're getting into. I've only traded small amounts since I don't have much to begin with anyway.

[yakushev]

While you think and doubt - the price is growing. You just waste time. Just buy bitcoin and do not think about what happened in the past. Now the price will go up all about it say. You still have a chance to make money on it. If it makes you feel better, I'll tell you that I also plan to buy bitcoin now

[onrise]

Well sad to know about it. But you know that alt coins are generally not the best bet unless you are sure that even after a year that coin will have value and exists on exchanges. Well btc on the other hand will always be there though  its value may rise and fall but it will not be that too bad as it will always rise even after the fall and this we have seen in past too.