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antimattercrusader
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November 18, 2013, 05:15:53 PM |
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Buy what you can afford now, and hold for 5 years. If it drops to 50 tomorrow, do not panic sell under any circumstances. You have not lost until you sell or until bitcoin is dead. In fact, if any large scale crashes happen, it's another buy opportunity.
Keep these two points in mind:
- If bitcoin goes to 0, and you did NOT invest what you couldn't afford, then it's a minimal loss that won't ruin your life.
- If bitcoin goes to 10k, then you've made a decision that will change your life for the better, make you wealthy even. However, do not invest more than you can afford to loose. That is hte biggest mistake people make. Do not buy with loans, credit cards, money for food, etc. This way, if it does crash you don't panic and make a stupid call (sell). Hold until the cows come home, odds are you won't regret it.
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BTC: 13WYhobWLHRMvBwXGq5ckEuUyuDPgMmHuK
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oOoOo
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November 18, 2013, 05:19:32 PM |
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I was there when the bitcoin was about $60 and I didnt bought any, now its over $550, feelings are killing me...any advices?
Don't worry. It's gonna go down soon enough. (prob. not to 60 thou) |
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mootinator
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November 18, 2013, 05:34:27 PM |
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PS actually, if you just want to know how to deal with you killing yourself for not acting, it's simple - remember that feeling, and act next time. Beauty of bitcoin is that it already gave 5 very good buying opportunities during last several years. That's 5 times you could've bought coins and get at least 10x increase in value. So just wait, opportunities are many.
This is pretty sound advice. I regretted not buying AAPL at $80.86. $20 BTC looked overpriced to me, but I bought a little anyway to avoid the same regret of not acting at all. Really though, never invest more than you can afford to lose. |
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piramida
Legendary
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Activity: 1176
Merit: 1010
Borsche
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November 18, 2013, 05:36:11 PM |
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Really though, never invest more than you can afford to lose.
That would be the next lesson  it has been pretty hard to lose anything with bitcoins so far, though. Not that it's impossible in the future. |
i am satoshi
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Two4D (OP)
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November 18, 2013, 05:44:43 PM |
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I have so many mixed feelings going on right now @ $595..................
I have calculated and could have about $12k right now if I bought in at $60...those feelings...
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Crazy
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November 18, 2013, 05:46:38 PM |
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I have so many mixed feelings going on right now @ $595..................
Everyone does, and no one knows the future regardless of how adamantly they'd argue otherwise. |
Elon Krusky
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piramida
Legendary
Offline
Activity: 1176
Merit: 1010
Borsche
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November 18, 2013, 05:53:34 PM |
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12k?  first I heard about bitcoin when it was at $1, could have invested 100k then. Would be worth 70 million now, securely retired on a private island. But life does not work like that. You already did not do it, no amounts of regrets would change that. Learn the lesson, move on, be smarter next time. Your feeling is one, it's called greed  You need to be responsible for each of your decisions (and indecisions are decisions too). |
i am satoshi
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sgbett
Legendary
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Activity: 2576
Merit: 1087
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November 18, 2013, 06:04:45 PM |
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PS actually, if you just want to know how to deal with you killing yourself for not acting, it's simple - remember that feeling, and act next time. Beauty of bitcoin is that it already gave 5 very good buying opportunities during last several years. That's 5 times you could've bought coins and get at least 10x increase in value. So just wait, opportunities are many.
This is pretty sound advice. I regretted not buying AAPL at $80.86. $20 BTC looked overpriced to me, but I bought a little anyway to avoid the same regret of not acting at all. Really though, never invest more than you can afford to lose.The *best* and only advice. Figure out how much money you don't mind losing, then buy. Then wait. |
"A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution" - Satoshi Nakamoto*my posts are not investment advice*
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NUFCrichard
Legendary
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Activity: 1218
Merit: 1003
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November 18, 2013, 06:21:08 PM |
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I have so many mixed feelings going on right now @ $595..................
I have calculated and could have about $12k right now if I bought in at $60...those feelings...
Hindsight is 20:20, learn for next time. For what it's worth I have messed up loads of alt trades in the last month or 2, I did what I thought was best at the time though. |
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Crazy
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November 18, 2013, 06:23:29 PM |
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Not just in BTC, but most areas of life... if people knew then what they know now, they would obviously modify their decision to be the most advantageous. Stop thinking along those lines, it's obviously impossible.
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Elon Krusky
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Two4D (OP)
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November 18, 2013, 10:24:35 PM |
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Its $620...what happened for it to rush so high? You guys think this is still a good price to buy in or should I wait and hope for some fall?
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mootinator
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November 18, 2013, 10:57:38 PM |
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Its $620...what happened for it to rush so high? You guys think this is still a good price to buy in or should I wait and hope for some fall?
I'll let you in on a secret. Nobody knows what's going to happen. Some think 1BTC could reach 7 figures long term, and many, many more (the billions of people who don't actually understand bitcoin plus some who do) think it's too high already. What everyone thinks today doesn't matter. Not one iota. |
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