dowellness
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October 05, 2018, 05:56:37 AM |
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if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
Solding coins is OK if you sell them in profits. Many people do not have holding power and some have urgent needs , therefore most people cannot hold bitcoins for a longer period of time.
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higgidave
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October 05, 2018, 05:58:04 AM |
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if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
The only think to consider is not to sell in loss and sell it at the higher price as compare with the price you bought.
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jeepuerit
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October 05, 2018, 06:28:19 AM |
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I have been following bitcoins for the past 4 years. i am an Enginner. i remember how bitcoin was introduced to Me. To be honest, i was thruogh ponzi. i used to deposit over 0.1,0.4 to earn 0.7 to 0.9 bitcoins and i made a lot of Money. then, suddenly i decided to go for the killer jackpot and stack all my btc for once. i can remember clearly when a friend was advising me NEVER TO PUT ALL My eggs in one basket. i refused to listen and insist that it is only by strong will can one survived. Unfortunately I LOST EVERYTHING. IT was my life saving. Both my earning and my interest. To cut the story short. i borrow money form the friend that was advising me not to stake everything. i need to pay back. But i will never depart from my lesson learnt from the bitcoin stuff. i bought another bitcoins last year august and keep it away from anything. i strongly believed that i will still get my money and my friends money. Thanks to the current Market, I HAVE TO SELL EVERTHING TO PAY MY DEPTHS.
NOW I AM FREEEE.
Good for you, im one using bitcoin, and i sold my bitcoin of different currency, I just learned the use of bitcoin for my brother, better to use bitcoin and to invest in another currency at low price because double or triple can We get to invest, in my discovery and one year bitcoiner I'd rather hold another currency because it's double the return.
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verguat33
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October 05, 2018, 07:44:16 AM |
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I think that is a very fatal mistake because you have sold the bitcoin that you have because in fact with the bitcoin you have, you can get a lot of profit, but if you have sold too much bitcoin, then I am sure that regret will come to you.
Why you sold your bitcoin? You didn’t tell that. But I want to say that buying and selling depends upon the need. If you need money and you have nothing else except bitcoin then you should sell bitcoin besides you borrow money from here and there. Having bitcoin means that you overcome your financial problems. If you also sold for your financial hurdles then you did well. I don’t think so. Everyone thinks in his own way. I think that the future of bitcoin is very bright. If you hold your coins for long time you will get profit because with the passage of time more and more people get awareness about cryptocurrency and they take interest in putting their money in it. by this way the investment cap is increasing which cause high price in the future.
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maydna
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October 05, 2018, 07:56:21 AM |
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It is a sad story, and it's also a good story for us to learn and get this experience. He borrows money from his friend and fortunately, he can sell his bitcoin to make a lot of money, and he can pay the debts. And I am sure that in the last year in August, the bitcoin price is less than $4k and if he sells his bitcoin now, he is making more than $2k per bitcoin. From this story, we can learn that we need to be careful when we want to borrows money from other people because we need to think about how we can pay that money. The other lesson is we are never put all of our money in one basket but we need to diversify in many things, and the most important lesson that we need to note here is don't use all of your life saving even if you are sure that your investment will give you a lot of money.
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promich21
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October 06, 2018, 06:07:00 AM |
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if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
Although if you had the holding power, it could have been good to keep the coins for couple of months more. Who knows there might be bull run and the value of your coins become even more than double.
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roorgelak
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October 06, 2018, 10:00:25 AM |
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This bitcoin price has the potential that can be expensive and you have spent the bitcoin you have so that you don't have bitcoin anymore if you sell all the bitcoin you have at a price when it's cheap it looks like it will make you regret the deep regret
Sometimes you do not check the price because there is no need to do that because the need is intensive and selling bitcoin becomes necessary. If you sold your bitcoin without any reason then you did wrong because I think that bitcoin is the guarantee for secure financial future. I also do the same when I need money and I haven’t cash I sell my coins to meet with my needs. It is better idea to get some relaxation, but I think that if you do not need money for your financial problems then you should not sell your coins. Holding is much better than selling, may be in the future the price rise and then you are not able to come back. If you can handle your financial problems without selling your coins, then selling I think is foolish decision.
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EmmaBen
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October 07, 2018, 06:18:04 PM |
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That was a terrible error friend. Good luck to your hustle.
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PizzaBTC
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October 08, 2018, 11:01:12 AM |
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I have been following bitcoins for the past 4 years. i am an Enginner. i remember how bitcoin was introduced to Me. To be honest, i was thruogh ponzi. i used to deposit over 0.1,0.4 to earn 0.7 to 0.9 bitcoins and i made a lot of Money. then, suddenly i decided to go for the killer jackpot and stack all my btc for once. i can remember clearly when a friend was advising me NEVER TO PUT ALL My eggs in one basket. i refused to listen and insist that it is only by strong will can one survived. Unfortunately I LOST EVERYTHING. IT was my life saving. Both my earning and my interest. To cut the story short. i borrow money form the friend that was advising me not to stake everything. i need to pay back. But i will never depart from my lesson learnt from the bitcoin stuff. i bought another bitcoins last year august and keep it away from anything. i strongly believed that i will still get my money and my friends money. Thanks to the current Market, I HAVE TO SELL EVERTHING TO PAY MY DEPTHS.
NOW I AM FREEEE.
At least you’re free from depth, that’s the good thing about your story and I’m also sure that you made some extra profit that was enough to be kept after you paid your debts. Bitcoin has really helped a lot of people and it’s still helping. I started Bitcoin last three years and it has really helped to the extent I had to quit my useless office job to go into a business of my own.
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ginellis
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October 10, 2018, 10:20:31 AM |
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if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
Although if you had the holding power, it could have been good to keep the coins for couple of months more. Who knows there might be bull run and the value of your coins become even more than double. You should also mention why you sold your bitcoin? If it is due to financial need then it is ok, because money is for financial problems. If you sold because of the falling price then you made wrong decision, because this situation will never be the same and will change with every passing day. You showed impatience and impatient people cannot make money from bitcoin.
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walemil
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October 10, 2018, 12:56:03 PM |
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You encountered such a situation because you refused to follow the advice of your friend who warned you not to put all your eggs in one basket. Ponzi or HYIP is not good at all. What they do is entice people with outrageous profit. You can make money from it and still loose all at the end.
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yousbabtle
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October 11, 2018, 12:00:31 PM |
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This bitcoin price has the potential that can be expensive and you have spent the bitcoin you have so that you don't have bitcoin anymore if you sell all the bitcoin you have at a price when it's cheap it looks like it will make you regret the deep regret
Sometimes you do not check the price because there is no need to do that because the need is intensive and selling bitcoin becomes necessary. If you sold your bitcoin without any reason then you did wrong because I think that bitcoin is the guarantee for secure financial future. I also do the same when I need money and I haven’t cash I sell my coins to meet with my needs. It is better idea to get some relaxation, but I think that if you do not need money for your financial problems then you should not sell your coins. Holding is much better than selling, may be in the future the price rise and then you are not able to come back. If you can handle your financial problems without selling your coins, then selling I think is foolish decision. It is not good for your future. I think you should hold some of your coins in your wallet for your future. The price will definitely rise with the passage of time and with the increasing market capital. Those who bear this bad situation of the market will make good profit in the future. They need to hold their coins for some more time. Anyway I do not agree with your decision.
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bohr
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October 11, 2018, 09:44:36 PM |
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It is a sad story, and it's also a good story for us to learn and get this experience. He borrows money from his friend and fortunately, he can sell his bitcoin to make a lot of money, and he can pay the debts. And I am sure that in the last year in August, the bitcoin price is less than $4k and if he sells his bitcoin now, he is making more than $2k per bitcoin. From this story, we can learn that we need to be careful when we want to borrows money from other people because we need to think about how we can pay that money. The other lesson is we are never put all of our money in one basket but we need to diversify in many things, and the most important lesson that we need to note here is don't use all of your life saving even if you are sure that your investment will give you a lot of money.
If anything I think that the lesson that we should learn by the story that started this thread is to not take such huge risks, people see the potential profits that they can get out of this market and how a small amount of money can make them millionaires, what they do not understand is that in order to get those kind of profits they are taking a huge risk and if the probabilities are against you then instead of becoming very rich you will lose the small amount of money that you had.
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marcelocoin
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October 11, 2018, 11:51:33 PM |
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market all down, this is difficult for all those who are in hold, so you have not invested yet, it will be a great time to enter the market!
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Barbut
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October 12, 2018, 05:00:53 PM |
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It is a sad story, and it's also a good story for us to learn and get this experience. He borrows money from his friend and fortunately, he can sell his bitcoin to make a lot of money, and he can pay the debts. And I am sure that in the last year in August, the bitcoin price is less than $4k and if he sells his bitcoin now, he is making more than $2k per bitcoin. From this story, we can learn that we need to be careful when we want to borrows money from other people because we need to think about how we can pay that money. The other lesson is we are never put all of our money in one basket but we need to diversify in many things, and the most important lesson that we need to note here is don't use all of your life saving even if you are sure that your investment will give you a lot of money.
If anything I think that the lesson that we should learn by the story that started this thread is to not take such huge risks, people see the potential profits that they can get out of this market and how a small amount of money can make them millionaires, what they do not understand is that in order to get those kind of profits they are taking a huge risk and if the probabilities are against you then instead of becoming very rich you will lose the small amount of money that you had. I think this is only an illusion, he is a newbie, do you really think that op is in cryptocurrencies more than 4 years? So he made this account after 4 years to do what? To cry here how he made some bad trades, when you think about it there is nothing more than that. Who trade knows that timing is everything, if you buy in wrong moment you need to wait longer for profit or cut loses, when you are selling you are either cutting loses or you are making some profit, from timing it will depend will it be high or low profit. What is the most funny in this comment is that if he really bought 4 years ago, price in that time was very low, with just holding until now he would make a lot of money, end of story!
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upsidedown75
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October 13, 2018, 11:25:35 AM |
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I understand his situation, I have once invested my money in bitcoin when I was still newbie and knows just nothing about how it works. Then one morning I woke up and my money was down to like 40% and about 60% or so was gone. I also have to say that I had the money in my Xapo wallet then and never cares to check it, cause I never expected such to happen.
The day I saw that I have lost more than half of my money, I just went crazy and I had no one to explain this to. So I reported to the support but they were not going to reply anytime soon, so I had to search for answers online and luckily I did get an explanation.
That’s when my mind chilled, and luckily in about few weeks the price went up and I was able to recover that money with extra profit, I didn’t even waste time in selling everything lol.
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gamalzour
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October 13, 2018, 12:09:45 PM |
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market all down, this is difficult for all those who are in hold, so you have not invested yet, it will be a great time to enter the market!
This is the reason why some people will always take out their profit or maybe withdraw their money and wait for another good time, especially when the price is down to get back again. If you decide to hold that means that you’re ready to take the risk of losing, and having patience till it recover again. I always follow my instincts; if my mind tells me to sell, I will sell. But when I feel like to Hodl, I will also do that.
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distorsiyon
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October 13, 2018, 12:29:15 PM |
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Conguratilations
Everybodies are thinking getting max. profit from the blockchain system, some guys thinking being rich.
Yes true, system says ''bitcoin is precious a thing about revulation'' and i guess its true.
But main think of blockchain is the being alternative of paper money. And blockchain shows the new technology to us.
We are greedy as human. And we have to be careful
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Fisher0frankie
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October 13, 2018, 01:29:10 PM |
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Ponzi and HYIP schemes are an easy way to lose good money, I also fell victim to such then. Once beaten, twice shy, none of such for me again.
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likerseld
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October 14, 2018, 07:46:27 AM |
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if you sell all the bitcoin that you have then I think you will regret it someday because you will not be able to enjoy the benefits when the price of bitcoin rises.
Although if you had the holding power, it could have been good to keep the coins for couple of months more. Who knows there might be bull run and the value of your coins become even more than double. You should also mention why you sold your bitcoin? If it is due to financial need then it is ok, because money is for financial problems. If you sold because of the falling price then you made wrong decision, because this situation will never be the same and will change with every passing day. You showed impatience and impatient people cannot make money from bitcoin. It is right that you will be unhappy in the future when you see the price rising. It would be much better if you keep some of your coins in your wallet and held them till the price grew more. Anyway you better understand why you sold your bitcoin, but as I think it is not good for the future at all. Bitcoin is the future currency and everyone must have bitcoin for general use.
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