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Author Topic: How did I lose money for Bitcoin?  (Read 719 times)
nhaquethamvong
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September 23, 2018, 08:48:47 AM
 #1

I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!
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September 23, 2018, 11:35:07 AM
 #2

Well...thanks for your experience shared. Alot of people are gonna pick one or two things from this including me.

Well I think the crypto market has been that, do not follow multitudes to invest into the market, always make sure that you understand the market as well, and do not also FOMO into the market, again DYOR before investing a penny, as well know when to enter and exit the market. Well, I can say that you'll definitely recover all your lost btc if you can have the patience and if you can adhere to my listed above warnings
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September 23, 2018, 12:26:08 PM
 #3

I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!

First of all, I'm sorry for your current situation. You have purchased a very large amount of Bitcoin. But first I must say that the decision to purchase a second Bitcoin was wrong. Never connect all your money to a single investment tool. You can find another investment tools. You should find. But there is nothing to worry about. Bitcoin will soon begin to rise again.

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September 23, 2018, 12:28:36 PM
 #4

I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!

I'm not blaming you for investing huge amount on Bitcoin. But at least you should have understand the risk involved. And it looks like you didn't do any proper research either because you admitted that you FOMO and thinks that crypto will make you a millionaire in no time. Sadly though, we went on a bearish trend and the rest is history.

Good though as a newbie you have made a successful recovery (or maybe you are just lucky because its really hard to make money out of a bear market). So let this be another example not to be suckered and believed that crypto is a get-rich-scheme because its not.

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September 23, 2018, 12:32:59 PM
 #5

Basically when you're done buying you think you're going to become a millionaire for buying bitcoin, but prices have fallen. Why you do not find out thoroughly participating in bitcoin, you just bought this bitcoin to learn about it. That is a mistake that has not been thoroughly investigated.
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September 23, 2018, 12:50:14 PM
 #6

...at that time 1 BTC was priced over 8k $, I bought 20BTC...
Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC
I thought I would be a millionaire!

20x 8,000=$160,000
50x 11,000= $550,000

So you saying you had over $700k lying around and you were not a millionaire? And you managed to recoup your losses? That's awesome!!!

One would think such a successful trader wouldn't bother with abusing bounty campaigns and copy/paste spamming, but what do I know...

Seriously, f**k off to where you crawled from. Reported you for spam.


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September 23, 2018, 12:52:49 PM
 #7

hmm
bought 20btc at $8k ($160k) and 50 at $11k($550k)

if you have $710k spare to hand... then in other assets and stuff you probably already would have been a millionaire before you begun. so i dont see how you would comment of a dream to be a millionaire.

im guessing this story is more like you bought 2btc then 5btc and decided to add a zero to both to sound impressive.

anyways
you never lose unless you actually sell at a loss. prices move up and down.

although there is a chance that the price could nip below the $5800-$6k support line held since november 2017 this  would not be due to trading Hodlers. but due to at worse some new mining asic releasing in october which if the hashrate does not increase equal a mining cost decrease for those running the more effienct(cheaper cost) asics which could prompt them to sell for less.

but the percentage of coins mined in such case vs the coins that circulated/traded above the $6k line wont present much of a threat to turn the price downward by much.

it would have to be a world collapsing tragedy to do that.. which the recent network effecting bug this week seemed to have not caused such negative impact.. just a temporary slip to 6100 and then suddenly up to 6700 so.. chances of a $5000 are very very slim

the $5800+ supports of the last 10 months have been tested alot and it seems no one is foolish to break it.

as they say never sell at a loss and the UTXO movements and current mining costs show the majority over 65% wont sell for less than $5800(i would say more but its not been that long since the most reason Low test)

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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September 23, 2018, 12:53:56 PM
 #8

I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!

Oh nice story....
So you first invested 160 000$ and then another 550 000$ and you're participating in bounties for pennies?
Not even talking about that 200$ motorcycle in your facebook profile you're so proud of  Grin Grin Grin

@pawel7777 and franky1  Cry how I hate fast typers  Grin Grin Grin

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September 23, 2018, 12:55:38 PM
 #9

lol seems me and powell and now someone else found the inconsistency in the story..

lol

I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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September 23, 2018, 12:59:04 PM
 #10

bitcoin prices are very volatile, sometimes rising sometimes also goes down, but the experience you convey is very motivated by you, that you have to look well at market movements, especially if you invest with big capital, of course patience is needed.
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September 23, 2018, 01:01:14 PM
 #11

My thoughts are your money is still there it is not lost at all, You still had your invested bitcoin of 70 BTC perhaps, The value only decreased you haven't lost any bitcoin at all you just didn't know what to do when the price drops, You should exchange it with fiat money then when the price reached it floor value you will then return it to bitcoin again, Well this surely is hard to predict because  your going to speculate when that will happen this is the risk you should conquer with cryptocurrency.
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September 23, 2018, 02:41:30 PM
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I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!

According to your story, you've invested on bitcoin without any full knowledge about it, For thinking and believing that you can become a millionaire instantly. Which means, you've became greed otherwise by that time without thinking the consequences for the decision you've made.  But in the end you are still lucky, because you recovered your losses in trading, where you made the right a decision to do some research in trading anyway. Bitcoin is volatile where most of the time there is in motion happened in the market, so we must be aware and ready to take risk  whatever happen in the market whether it goes up or not.
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September 23, 2018, 03:37:59 PM
 #13

Okay, so you bought a lot of bitcoin. But why you following unknown altcoin or token bounty? And you said the same thing in 3 different threads, looks like you get paid for bumping those thread.
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November 16, 2018, 03:29:34 PM
 #14

after 2017, many people bought bitcoin. and in 2018, everyone panicked that they had lost their money. I'd wait a little bit, though, if I were them. because the growth will be, necessarily. and more than in 2017.
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November 16, 2018, 03:48:07 PM
 #15

I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!

Thank you very much for this explanation.
You are right, we don't loose money here unless we sell cheaper than we originally bought our btc funds.
It's good that crypto market is different than Forex market and we don't need to cover our losses.
Only what we need is patience and to ''hold'' until bitcoin value rise again.


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November 16, 2018, 04:11:21 PM
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I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!
I don't understand what investment strategy you are doing, because usually, I sell my assets when the price goes up, and wait for the price to go down to buy again, it proves to have a lot of advantages in my investment. Maybe you are in a hurry to determine your investment choice, but don't worry as long as you keep your Bitcoi, you haven't lost your money.
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November 16, 2018, 05:20:29 PM
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I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!

The beginning of your post looks like someone filled with regrets but you ended the post as an expert who knows what has happened with his business, that business is filled with risk.

You ended up giving an advise and cheering up.

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November 16, 2018, 07:32:56 PM
 #18

You mean you want to lose money to bitcoin or you've lost money to bitcoin already please put the question right.

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November 16, 2018, 07:41:00 PM
 #19

Now I get your question,  maybe you bought bitcoin when it was mooning and now it's dumping, but don't you worry, you haven't lost it all just keep Hodlin the value of bitcoin will surly come up again

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November 16, 2018, 07:53:00 PM
 #20

As I understand it, the main component of the fall is, first and foremost, the acquisition of a major player by the remains of Bitcoin. All other tokens are falling, because the big players cannot decide which technologies to keep. In order to understand whether a token will grow or not, it was necessary to analyze whether the idea was or not.
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