I bought all my bitcoin over $1,000

[Michael Robinson]

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Now it appears to be crashing again.

Ay yi yi.  I am beginning to think this is all just a grand conspiracy to screw with me.

[drrussellshane]

Don't worry about it.

I know that doesn't help, but it is surprisingly sound advice.

[cbeast]

We all say that at the price point we bought in at. It takes a full year or more to get a great ROI if you bought at a peak. While it's lower is a good time to buy a little more to hedge. Usually it's best to buy with cost averaging.

[elasticband]

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Now it appears to be crashing again.

Ay yi yi.  I am beginning to think this is all just a grand conspiracy to screw with me.

You failed by not buying more at a low an thus averaging your holding entry point. You could be sitting in profit right now if you had doubled your fit investment whilst at the bottom.

$2000 = 2btc @ $1000/btc
$2000 = 4BTC @ $500/btc

total = near $6000 right now with a cost of $4000

 

[TheQuote]

Just take it easy, at the end it wil be mutch higher than $1000

[Melbustus]

In late 2011 I was down over 90% on the first bitcoins I bought. You can guess my ROI now.

If you haven't been down >75% for some period in your bitcoin holding, consider yourself lucky.

[cryptozark]

The fact that it recovered to almost $1000 WITHOUT the massive chinese support in about a month should really say something about bitcoin's growth and stability though.  China made up a huge portion of the bitcoin population/ecosystem and was largely responsible for bitcoin's explosive growth in November, but now we see that the void is getting filled up at a good pace and will continue to expand worldwide.

[CoinDiver]

China is still in. http://fiatleak.com/

[Raghnar]

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Now it appears to be crashing again.

Ay yi yi.  I am beginning to think this is all just a grand conspiracy to screw with me.

You bought an asset/currency/instrument that has a very clear history of such volatility.  Why are you so surprised and taking it personally?   This is what you signed up for.

[Bitcoinpro]

long term buy and hold is the winning strategy,

http://www.moneychimp.com/features/monthly_returns.htm

[romerun]

no worry cough up more dollars and aim at 600 or lower and prey

[beetcoin]

Like mentioned above, you should have bought more when it dropped. If i had more money, id have bought more at $600.

[Lethn]

Now you know why traders are paid so much and why they suffer so much stress

[Dafar]

You bought into a highly volatile asset during its all time peak... what did you expect?


Like others said ITT, just wait.




I bought LTC at $32, same thing is happening to me... but I'm not worried

[chaoticbrain]

Atleast your not like me, I had heard and supported bitcoin over 2 years ago, but I never go around to buying any until it was like 600-800 dollars. I just didn't have any money/job to buy then, but it feels shitty.

If bitcoin gets widely accepted as a currency though, you and me are both going to be sitting on a lot of cash.

[wachtwoord]

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Then it immediately crashed.

Then it creeped back up to almost what I paid for it...

Now it appears to be crashing again.

Ay yi yi.  I am beginning to think this is all just a grand conspiracy to screw with me.

Good on you for not selling! Pat yourself on the back for that and keep it up!

[BitcoinBarrel]

Forget about how much Fiat you paid and just be happy you have some coins.

It's not about the Fiat anymore, it's about the Bitcoin.

[kwoody]

Bitcoin should be considered a longterm holding. Do yourself a favor, secure your bitcoins with an offline cold-storage wallet, and forget all about it for at least 6 months, then come back.

[Dafar]

Forget about how much Fiat you paid and just be happy you have some coins.

It's not about the Fiat anymore, it's about the Bitcoin.

Well he still needs to worry about his bitcoin's buying power doesn't he?

[fallinglantern]

HODL! Stick your coins in a cold wallet and come back in a year.