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Author Topic: Bitcoin Destroyed me at all.  (Read 2558 times)
Olalomi
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December 07, 2018, 04:51:17 AM
 #241

The only option you have now is to strictly adhere to the advise given to you by the forum members and the word of encouragement to keep hodling hopefully bitcoin will regain its bullish trend so as to make profits however this gonna take a long time to come to pass considering the present state of the price $3K+.
imstillthebest
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December 07, 2018, 04:58:04 AM
 #242

bitcoin doesn't destroy you, you are just too worried because the price of bitcoin is down now. so my advice is to find another job, don't always see the price of bitcoin. because bitcoin is for long-term investment
you are right, but some of them have mortgaged the house and some other valuables to get bitcoin.
so i think it's very normal for them to worry right now, indeed your advice is very good to look for other jobs so as not to fully think about the current crypto market.

I myself didnt pawn my valuable items just to gey my hands on bitcoin , instead i only use my own cash that came from my salary as a construction worker but i do have the same feelings as the op had   . i also feel worried  but i dont blame bitcoin to the point that i would say inapropriate words here or on social media , instead i will only keep it on myself because im the one that chose this path .

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.

Thats right .  you should start to be patient and foccus more about hodling , dont let anger or greed come to your way because those traits are the ones that will destroy .  bitcoin is your ally bro , so keep calm and just hodl .
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December 07, 2018, 05:21:03 AM
 #243

If Bitcoin "destroyed" you it is all your fault, no offense. This means you didn't respect the most important rule in cryto: you invested more than you can afford to lose.

I invested a lot in cryto, too. But that's not a tragedy if I lock these money into cryto for a longer time until the market will recover.

I think the better option for you is to keep patience and don't panic sell as your loss will be higher. And next time don't ever invest more than you can afford to risk.

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Shatterlean22
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December 07, 2018, 05:43:11 AM
 #244

You are not at loss if you just HODL and ignore for time being ,in the near future bitcoin will reach over 20k per one or even more so just chill and forget about your holdings for now at least

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December 07, 2018, 05:52:15 AM
 #245

When you enter cryptocurrency, you must know the consequences of investing in bitcoin. Don't you think beforehand that bitcoin is very unstable. But you should still be patient. You have to think about long-term investments and don't need to rush to make a decision. Keep holding what you have now and don't panic.
Periodik
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December 07, 2018, 08:03:34 AM
 #246

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.

I hope that when you bought your BTC way back several months ago you were fully aware of the risks involved. I hope you were not forced to do it. I hope it was your sole decision to invest in Bitcoin even if you are totally aware of the fact that its market or price is very volatile and that while it may rise big time anytime, it will also fall anytime big time. If you leave BTC right now, you will lose forever. If you will wait, you could recover. The call is yours.
swiftbits
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December 07, 2018, 08:23:04 AM
 #247

Just consider it as a long-term investment, since you look rich with lots of money, it's much preferred for you to just leave it and don't worry.
As long as the quantity is there, it's still the same, the value will climb through time.

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Mondinic
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December 07, 2018, 08:25:40 AM
 #248

it is true that for now bitcoin has dropped very drastically, until now even though it is still falling in price in the market, I am very confused about the problem which actually makes the price of bitcoin down to now. maybe it is a very serious obstacle because until last year it cost $ 10000 to $ 4000 it was disappointing could this be a game like last year's down then soared up.
Golftech
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December 07, 2018, 08:31:38 AM
 #249

it is true that for now bitcoin has dropped very drastically, until now even though it is still falling in price in the market, I am very confused about the problem which actually makes the price of bitcoin down to now. maybe it is a very serious obstacle because until last year it cost $ 10000 to $ 4000 it was disappointing could this be a game like last year's down then soared up.
No one really knows what is exactly happening with this huge downfall, manu new users are being trapped and most of them already panic and sell out everything and went away to this business, it's a very disappointing situations for people like OP seeing that their investment are losing its value, it will take another extra patients in order to wait still for the value to recover back.
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December 07, 2018, 12:22:22 PM
 #250

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.
You need to be patient if you want to recover your losses if you sold it for today's price  you are losing huge amount of your investment I also bought Bitcoin when it was at 8k$ and until now I'm holding it and if it bottom further I'm planning to buy more to lower my buying average.
darkangel020716
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December 07, 2018, 02:17:40 PM
 #251

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.

Dont just give up and let your self distroyed you, just keep calm and let weak hands do what ever they want to do in the markets, as we can see, dips/bleeds stays the whole year, and some of the investors trying to survive the bloody year of crypto, so not even you are facing the same problem as you have, just hold and wait for the next pump.
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December 07, 2018, 02:25:38 PM
 #252

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.

Shit happens and so it happened again and again in the case of BTC, but BTC survived every time it saw a sharp fall in its value. So, if you think you'll never see your purchase price once again, think at least twice. This bloodbath is a complete mix of utter nonsensical statements, incredible manipulation and non-stop panic and we'll definitely out of it once the shakeout of people's hearts go stable once again and manipulators stop creating FUD. You need to hold, I know you're left with nothing but BTC and when you have such an amount of BTC with you, that's when you could actually feel the pain and stress when shit occurs, but don't worry it will settle down once a few countries come up with some good regulations for crypto.

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December 07, 2018, 02:25:54 PM
 #253

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.
You need to be patient if you want to recover your losses if you sold it for today's price  you are losing huge amount of your investment I also bought Bitcoin when it was at 8k$ and until now I'm holding it and if it bottom further I'm planning to buy more to lower my buying average.

I am in the same situation as you. Bought at 7,5K. I am trying to trade on the fall, I sold after breaking the 4K border and bought again at 3,3K eur. This way I am trying to decrease my buying average. Now I sold some BTC when crossing 3000 eur. This is really tough to predict what will happen. But I can not just hold and pray for turn.  
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December 07, 2018, 04:25:25 PM
 #254

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.

Investment in any financial market is good but it should be given some time to grow, also only the amount should be invested which one can afford to lose, I hope you have not invested all your savings. Bitcoin will be back to your buying price of may be more but it should take some time, just wait patiently, your investment will grow by time, give it some time like 2-3 years.

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Tagus45
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December 07, 2018, 04:43:52 PM
 #255

You buy 15 bitcoins at a price of 10k, why don't you consider the risk of bitcoin because the price is unstable. Before making a decision, always consider profit or loss, because if you are too greedy, it will make you poor.

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December 07, 2018, 05:19:13 PM
 #256

Just hold and be patient. As long it is alive it will do its best to increase its price. Don't listen to others, if you want profit then you wait for it, if not then do panic sell that would really destory you at all. Keep calm and hold bitcoin. Next time once you get profit, try to find a lesson to it and apply it to your next investment.
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December 07, 2018, 06:17:39 PM
 #257

it seems you invested in bitcoin just for the profit you thought of getting and not because of the whole bitcoin ideology. There is more to bitcoin than just profit and loss. Hold your bitcoin and believe in the ideology for which it was created

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December 07, 2018, 06:31:53 PM
 #258

So sorry about that, but I will love to know how bitcoin destroyed you, did it set fire on your roof?

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December 08, 2018, 10:31:59 AM
 #259

Chill out. The first thing you have to do is think positive and wait for the price to soar high again. Don’t check the prices every day. Forget and assume the money you invested has lost. 5-10 years later you will smile seeing the price of bitcoin is 5 even 10 times higher the current price. Cryptocurrencies are proceeding towards the mainstream. The key is to be patient.
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December 08, 2018, 11:22:08 AM
 #260

Few months back i purchased arround 15 to 16 btc when bitcoin price was 10000$ to 11000$ each btc but now arround 4000$ each btc .Just waiting for 11000$ for each btc than i should leave btc and i can see bitcoin have no future in this time.
It wasnt bitcoin who destroys you,instead its your greediness that made you stupid.when you buy bitcoin its already dropping from the hype of $20,000 but yet because of your stupidity and being greed ,you purchase at $10,000 thinking it will hit $20,000 again and you nay double your money but what happened is opposite thats why you are crying for death by now.stop blaming bitcoin instead blame your attitude lol
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