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Author Topic: Feeling the burn  (Read 1607 times)
xFiber
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June 03, 2017, 02:34:00 PM
 #21

Unlucky man, but don't let those experiences ruin your succes in the future. Try to learn from your mistakes and be patient. You haven't lost if you haven't sold(HODDLL).
Personally 2500$ per bitcoin is still a buy since the potential of bitcoin is super high in my opinion. You can maybe wait a couple of days for the price to stabilize around the 2200 mark but it might as well go to 2800 and test the ATH
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June 03, 2017, 02:43:12 PM
 #22

Unlucky man, but don't let those experiences ruin your succes in the future. Try to learn from your mistakes and be patient. You haven't lost if you haven't sold(HODDLL).
Personally 2500$ per bitcoin is still a buy since the potential of bitcoin is super high in my opinion. You can maybe wait a couple of days for the price to stabilize around the 2200 mark but it might as well go to 2800 and test the ATH

I think that is exactly what an investment int bitcoin (or any other crypto currency) needs: patience.
The price is so volatile, there is no way to predict how it behaves in the near future.
But if you look at the long run, it has always recovered to a level where it before at some point.
It can take a while, some years maybe, but it will always recover to a point where you can sell without loss.
Just be patient and do never panic.
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June 03, 2017, 02:48:44 PM
 #23

You made the choice and now learned from it.
Think of it the other way. You got courage doing that and you might be feeling the regret but have tou ever think what if you didnt made that mistake. Will you know this facts now?
You cant go back to that mistake but you can earn it back with your new knowledge.
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June 03, 2017, 02:53:09 PM
 #24

I dunno what do ya'll think? Buy in at 2400$?
Just buy BTC, at any price really - $2400 is still fine price compared to our recent ATH price. We can be absolutely sure that BTC will reach and beat previous top price.
You lost money during your previous trading sessions because you were too impatient. If you would keep both BTC and LTC to this day your profit would be enormous.
If you want to earn fast buck focus on ICOs, pumping shitcoins. If you want have solid ground and profit for sure just hold BTC - position trading FTW!
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June 03, 2017, 03:54:24 PM
 #25

Even now you are not too late since bitcoin price is expected to reach soon from $2400 to even $5000.
But your previous experience should give you a lesson.Never jump from bitcoin to altcoins on seeing spikes.No altcoin could become a bitcoin in any aspect.Just buy as much bitcoin as you can now.
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June 03, 2017, 04:00:24 PM
 #26

Bitcoin entry price is irrelevant if you are here for the long term since we'll be at $100,000+ by 2030

Altcoin speculation is another story. You want to buy LTC now? i dont really get your message.

I think LTC may be one of the ones that pump during a possible UASF-fueled turbulences.

If we are able to reach an agreement, it will be the best, if not, then we may have some fireworks with smart money will use to enter the bitcoin market for a discount. Some alts may or may not pump.
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June 03, 2017, 04:17:17 PM
 #27


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

Go.

Remembering your past activities will just give you more regrets. Since you are here in bitcoin world for long time, you must know that in long term, bitcoin should reached much higher prices than the current. This $2,400 value will soon be considered as cheap price. If you have some spare funds then just do the buying. Price down is possible on the way but are you going to wait for that before to buy? What if it will happened on $3,000 level? It's not too late and never be will. That is the risky method that is worth to try.

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Gaaara
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June 03, 2017, 04:43:35 PM
Last edit: June 05, 2017, 03:05:32 PM by Gaaara
 #28

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$?

It is a tough choice, maybe you could buy or invest altcoins and then do not buy or invest at only one altcoin, by doing so you could spread your posibility of winning chances. There is always a counter part though, you can somehow assure your profit with this but your profit value is less wider than focusing in only one.



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June 03, 2017, 04:47:27 PM
 #29

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 had a similar situation. I bought a lot of bitcoins back in 2013 at around $200-$300 a piece. So I had about 10 bitcoins then I gambled it away. That wasn't that big at the time so I was ok with it. Now, the prices are at this levels, I feel the burn of wasting that much of it. I could have profited big time if I just kept it with me.
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June 03, 2017, 05:03:46 PM
 #30

The price of bitcoin will continue to grow. Need to buy some, but I suggest to buy when it falls. Almost every week we see a jump. Wait for maximum drop and buy. Last week we saw a drop to $ 1,900. Now we need to wait for the fall to 2000-2100 dollars.
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June 03, 2017, 05:39:54 PM
 #31

You missed the opportunity to buy when bitcoin dip to as low as $1800 a few weeks ago and now is has recovered to $2500. But just like what I advise others, if you have to money to buy, then go get bitcoin because the chance of it increasing is very likely. And also you should invest what you can afford to lose. So at least you mitigate your risk when things went up downhill. You can also buy just a small portion and try to observe the market trend. So in case their is a dip, it will not be a big loss for you. Goodluck mate. It is still your decision to buy or wait.
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June 03, 2017, 06:56:28 PM
 #32

You missed the opportunity to buy when bitcoin dip to as low as $1800 a few weeks ago and now is has recovered to $2500.
Not just missing this opportunity, it seems OP is missing almost all the opportunities, bitcoin has brought to us just due to lack of faith with bitcoins. There are people who are just holding that bitcoin into cold storage and forgetting completely about it but still just watching price movements and enjoying their big returns with bitcoins.

Only if we are believing into bitcoin, I guess we can make our fortunes. If we keep on switching over to other investments/altcoins just to catch seasonal growth, we may end up missing out like how OP did.
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June 03, 2017, 07:26:15 PM
 #33

There are always opportunities everywhere. It burns to know of one opportunity missed while being unaware of the hundreds or thousands of opportunities also missed that were just as good.
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June 03, 2017, 08:48:26 PM
 #34

WOW this is crazy this morning price was $2400 and since OP posted until now it has increased $146 according to

Coinmarketcap.com, I don't know why some people wont cherish LTC as it has 2 minutes delay for confirmations.

I want to know what is exactly stopping it's price to reach $1000 even with it being the silver to the gold of crypto?
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June 03, 2017, 10:28:10 PM
 #35

I dunno what do ya'll think? Buy in at 2400$?
I wont risk entering when the price is so pumped up,i would rather wait for the right moment to invest,because it is all about timing,what i would do is find a good alternative and invest in that for the time being and multiply my money their rather than waiting for the correction and that is my advice to you. Smiley
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June 03, 2017, 10:34:24 PM
 #36

I feel your pain. I converted some of my bitcoins into FIAT back in the day when it was around 1k$. Also took the FIAT from the bank cuz i hate banks.

Guess what have i done few days ago... I actually bought my bitcoins back  from 2800$ with the same amount of FIAT i got before.  Cool

This is how i executed the master troll trading secret recipe: Buy high, sell low.

I learned it by the hard way. If you ever going to sell your bitcoins, that should be your final move in your crypto life.

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June 03, 2017, 10:42:55 PM
 #37

WOW this is crazy this morning price was $2400 and since OP posted until now it has increased $146 according to
Coinmarketcap.com, I don't know why some people wont cherish LTC as it has 2 minutes delay for confirmations.
I want to know what is exactly stopping it's price to reach $1000 even with it being the silver to the gold of crypto?
Altcoins don't just shoot up in value and the "LTC is the silver of crypto" meme was something back when LTC was relevant in the crypto economy, not now when it has been replaced by a ton of other cryptos. The only thing LTC has going for it now is Segwit, and that won't pump it up to $1000.

A lot of community speculation helps to increase the value as well. If they don't have a ton of enthusiasm from the community, the value won't just magically get to a point.
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June 05, 2017, 10:46:13 AM
 #38

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

Lol me too. Overthinking would make us lose the right chance to profit. The price may be a bit expensive right now but it may very well be worth it in a couple of months if you buy now. Waiting would most likely leave you in regret

 
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June 05, 2017, 11:06:05 AM
 #39

I think you have to decide first if you are on for the long haul or if you still want to "jump in", in which case you ought to set a "jump out" target. Longer than 6 months and you can definitely buy in now even at 2500.

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June 05, 2017, 12:23:09 PM
 #40

I used to say that it is not too late to get on board even the price of bitcoin is high. However these last days, I feel no assurance for bitcoin. Due to its uncertainties, engaging in bitcoin or not is a tough decision to make. We have the scaling on August first and the rumor spreading that an alt coin might overtake bitcoin's place. To an experienced bitcoin user, he may think that all will pass and bitcoin will succeed. However, in times like this, being wise is the best weapon you can get. If you will invest again in bitcoin, be wise and monitor its every step. You cannot be too sure so play wisely.
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