How did I lose money for Bitcoin?

[BitFinnese]

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!

Where did that money come from, that You got back? BTC has no healthy business or service behind it nor monthly fees for usage.

So take a deep think and answer: where did You think You got Your money back from?

You did not read, did you?  He clearly stated that he researched and learned to trade.  So the answer is, he begun day trading where he took advantage of the volatility of Bitcoin, buy low, sell high plus with a lot of patience and good timing.


Indeed I would agree with you OP, before making a huge investment, one must not buy a rumor.  We must make a deep research and understanding about the kind of investment we are going to venture.  I am glad you recovered your investment.

[Kakmakr]

Bitcoin is no different than any other investment instrument, because you can lose a lot of money, by trading the wrong commodity at the wrong time. The secret to the success of most Crypto traders has been a long-term strategy, where they bought coins when it was cheap and they sold some coins when the price skyrocketed. 

In between those two points, traders are still making profits on the high volatility in the Crypto currency markets. You want high volatility at regular frequency, when you trade any commodity, because a flat markets yield less profits. 

[MAJICOIN]

I think there are numerous ways through which you can lose money into bitcoin like if you are interested in online betting and casino can waste our much money and crypto is good if trade it and we can make money with it but bitcoin is important for online payments over the internet we can transfer funds with out any body assistance.

[Olaiasal11]

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 do not have to say anything except sorry for you. I think in the meantime you took the wrong decision, so today you are facing so much loss.
Your mistake is
1: You were unable to verify the market.
2: The time you invested when the market was pumped.
3: The time you got involved in this new work
                            &
4:  You can not cope with greed.

 

[bigtitsmomma]

https://bitcointalk.org/index.php?topic=5059138.0

[phelbaby]

it is not wrong to invest your money Bitcoin but just you have just said it better having a good orientation about BITCOIN before investing. It is also best to know that the market is come up again.

[AiBBio]

thank you for experience shared

[poornamelessme]

What a weird post. I expect it's someone trolling, but he's basically saying he had 710K with dreams of becoming a millionaire (seems like logically he already was, unless he was insane and invested his last cent into btc).

Then he says he made his lost money back via trading. Umm... okay? No idea what the point of his post was. It's not even the typical troll-type post of someone whining over losing most of their money.

[Msile]

It is always so with a market as new and exciting as this, at the beginning if i tell you that I have not lost money I will be lying, because it is extremely normal to lose money in an investment as early as this, so it is important to analyze all the factors involved in the movements of the market, and then go learning little by little.

[electron-coin]

I'm glad you finally found the truth. Of course, all the information about the crypto market and crypto currencies you should have studied before buying anything. But your situation was a good lesson for you and you made the right conclusions.
Of course, your purchase price is high, but I'm glad the fact that you invested money in Bitcoin. Therefore, you don't need to worry more. Well done, that you started trading and making a profit from it.

[walemil]

I hope your advice will be taken by people who do know how to invest. You are very lucky to have been able to recover your money after loosing so much. I did not want to believe your story because it is something like you invested over $700000 without doing your research.

[cpoer2011]

Yes, you are right. Most people got their losses when investing in Bitcoin because of FOMO and never did the research. The up and down Bitcoin and other cryptocurrencies are unpredictable and don't be greedy by expecting more profit when the price up. We must know when the right time to sell or buy. Lesson learned.

[LupeKidman]

Even if you're a pro, there will still a time where you will loss. But to minimize loss, then study and learn how to trade. Learn the chart. For crypto trading, learn Tech analysis, fundamental analysis and sentiment analysis. You can start by learning first how volatile crypto then learn all the trading signals so you can read and understand chart and learn how crypto move and what makes it go up and down. For beginner, it's ideal to start small while you're learning then invest little by little as you learn.
It will be great to learn how to trade manually and trade with free automated trading bot that can be set up in 10 minutes. But for newbies it can be problematic.. But I adore the Trade Santa bot interface because it's easy for understanding and using.

[idontcare]

Yes, start from the last year 2017, the price of bitcoin is increasing more and more. all people think that it will happen until the end of this year, but no, its only in March of 2018. after that, we can see that the price is going down more and more dip, i think in that time there are many people that lose ther money because of bitcoin

yes maybe people think that at the end of 2018 bitcoin will go up so they are reluctant to sell it when the price is high. bitcoin is very difficult to predict, sometimes when the price is high it can suddenly drop immediately

Yes, the bitcoin's prices are dropping rapidly over the past few days and there is no sign of stopping, but I think this is a way to make the bitcoin jump back. It's like a pedal so prices can come back and be much higher than now .

[dmcx]

There are many people who invested a lot of money without knowing almost nothing about cryptos and did not understand what it is going. Prices of cryptos move up and down. People try to buy from deep and sell high. It is so risky and most of them can't achieve this.

When investing in bitcoin, you should have a good guess, and when investing you understand how you are profitable, why waste money unfairly. Simply put, you may be cheated .

[Dudeperfect]

As it is recommended multiple times, one should invest his time before investing his money in order to understand this industry in deep. Doing on research is always recommended way and starting with the lowest possible amount would amount to increase in the experience over the period of time. Fear of missing out is definitely one of the challenges two most of the investors and traders but one can definitely learn to ignore it over the period of continuous practice.

[levvv]

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!

You won't lose your money if you have not selling your coins. If you can afford to wait, just wait it for another year.
Take your time for market recovery. In bitcoin price history, the all time high price has been surpassed from year to year.
So, maybe in the future, btc price will hit $19k again and surpassing it.

[Naughty Princess]

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!

That s good idea for not giving up easily and analyzing the market. Investment is risky so you have to put it wisely and you have strong decision that you could hold as long price recovers in the market. The price drops does not indicate that bitcoin lost the value for you to decide to cut losses. Sometimes hard pump come right after the hard dump, so hold it and wait patiently.

[vamshi789]

now the bitcoin price is volatile so by trading in wrong time also leads you to lost.

[anafiene]

Indeed, we must be wise to manage our assets in order to have benefits, and this is what we often feel indecisive about the unhealthy market conditions, so managing this certainly requires a more observant time to pay attention to charts so that today's trading does not take our money.