Bitcoin Losers

[whyeyeschoicedotcom]

I invested in a Bitcoin Company where I paid a One Time Fee of $40 Dollars to become a Founder Member of Bitbillions. Now the Company continues to Produce Bitcoin Related Earning SOurces and I Earn Bitcoin EVERY MONTH!...And I will continue to EARN bitcoin as long as the company grows...and as i type this post in this forum...the membership is well over 100,000...so I would say i was am one of the Bitcoin winners...I decided not to Buy Bitcoin in bulk until i see the price on the uprise again!

[Velkro]

no sad story here, didnt lost and didnt earn yet on bitcoin

[skottiejay]

Ok, here's what I'm seeing in this thread and in the general community:

1. No don't spend the bitcoin it's revolution, it's the new wave of the future hold on to it!
2. I turned my bitcoin into money and spent most of it.

Seriously, hypocritical much? A lot of the talk on the forum is how bitcoin shouldn't be a get rich quick scheme yet half of the people who let that sentence fall from their lips do the very thing they tell others not to do.

Have you ever been so desperate for food that you had to ask a strange for 20 dollars just so you could buy bread and something to hold you down? Have you ever needed to hold on to that food so desperately, that you make a loaf of bread last a week? Have you ever been in a position where you can't find work and you have mouths to feed and you don't know what else to do so you take a chance on something and fail? I mean a lot of people are talking from experience like they've got money elsewise where as people like myself and I'm sure many others don't and didn't.

To borrow the expression, aside from the money I receive for my sig campaign, I don't have a pot to piss in. I don't have insurance anymore because I'm "out of coverage" for Medicaid (THANKS OBAMA!) and if I paid out of pocket, it would be considered fraud. I don't have food stamps anymore because I'm not where I'm supposed to be, and I was supposed to go renew it but instead I'm helping my 62 year old mother out because she's fighting breast cancer and she needs help around the house. She doesn't shop, or leave the house much because she's having a hard time with the chemo. I don't see her for days at a time until she needs to go see a doctor. I'm disabled and fighting for SSI because the good old government of the USA thinks I'm disabled enough to not work, and don't deserve it. Yet I've been declared disabled by 2 different doctors, which apparently isn't enough. I can't leave the house sometimes for days because my anxiety and panic sets in so bad that all I want to do is sleep. I don't have a doctor because the stigma attached to this stupid disease or disability makes them think all I'm doing is sitting around chewing on the medicines they give me. When in reality I WANT TO WORK, and I WANT TO GET OUT but I can't. And it's not just a matter of, "oh you can do it don't give in to your mind" it's not that simple, it never is.

People have stories, and it seems everyone here's a critic. Don't discount people because they offer up some sob story, stop being so fudging critical. It's really stupid, not everyone has even a small slice of a "pie". If I were to sum up my condition in one word, it's DROWNING, not even below poverty line and yet I have a million other people, and things I have to worry about. I'm 33 years old and I can't make it on my own. That's why I got into bitcoin, because I'd hoped that someday maybe I'd have something to hold on to for the future, but I got into it just when cpu and gpu mining were a thing of the past. And now in 2014 it's entirely too late to do ANYTHING about it but a sig campaign that pays me out about 30 or 40 a week. Not much I can do with that, and until I earn enough I'm stuck.

[btcxyzzz]

Anyone else feel like one of the bitcoin losers? We hear a lot about all the winners, now including some 15 year old child, but very little on the currency's losers. I got swept up in the mania last November and dared to invest my life saving into purchasing 1 bitcoin, just as it was near peak. That turned out to be a terrible purchase for me as the value dropped since, so bitcoin has only ever lost me money. Anyone else in my boots? I'd still like more bitcoins but going on my past 6 months my confidence and trust in this new currency has been shattered.  

Patience... In few months you will be multiplied by 5.

[keithers]

Investing is all about dollar cost averaging, so you can regain some of your losses if you can invest more at the lowest point possible. If you buy 1 more at $600, you should hopefully at least break even in the relatively near future.

[Minecache]

Ok, here's what I'm seeing in this thread and in the general community:

1. No don't spend the bitcoin it's revolution, it's the new wave of the future hold on to it!
2. I turned my bitcoin into money and spent most of it.

Seriously, hypocritical much? A lot of the talk on the forum is how bitcoin shouldn't be a get rich quick scheme yet half of the people who let that sentence fall from their lips do the very thing they tell others not to do.

Have you ever been so desperate for food that you had to ask a strange for 20 dollars just so you could buy bread and something to hold you down? Have you ever needed to hold on to that food so desperately, that you make a loaf of bread last a week? Have you ever been in a position where you can't find work and you have mouths to feed and you don't know what else to do so you take a chance on something and fail? I mean a lot of people are talking from experience like they've got money elsewise where as people like myself and I'm sure many others don't and didn't.

To borrow the expression, aside from the money I receive for my sig campaign, I don't have a pot to piss in. I don't have insurance anymore because I'm "out of coverage" for Medicaid (THANKS OBAMA!) and if I paid out of pocket, it would be considered fraud. I don't have food stamps anymore because I'm not where I'm supposed to be, and I was supposed to go renew it but instead I'm helping my 62 year old mother out because she's fighting breast cancer and she needs help around the house. She doesn't shop, or leave the house much because she's having a hard time with the chemo. I don't see her for days at a time until she needs to go see a doctor. I'm disabled and fighting for SSI because the good old government of the USA thinks I'm disabled enough to not work, and don't deserve it. Yet I've been declared disabled by 2 different doctors, which apparently isn't enough. I can't leave the house sometimes for days because my anxiety and panic sets in so bad that all I want to do is sleep. I don't have a doctor because the stigma attached to this stupid disease or disability makes them think all I'm doing is sitting around chewing on the medicines they give me. When in reality I WANT TO WORK, and I WANT TO GET OUT but I can't. And it's not just a matter of, "oh you can do it don't give in to your mind" it's not that simple, it never is.

People have stories, and it seems everyone here's a critic. Don't discount people because they offer up some sob story, stop being so fudging critical. It's really stupid, not everyone has even a small slice of a "pie". If I were to sum up my condition in one word, it's DROWNING, not even below poverty line and yet I have a million other people, and things I have to worry about. I'm 33 years old and I can't make it on my own. That's why I got into bitcoin, because I'd hoped that someday maybe I'd have something to hold on to for the future, but I got into it just when cpu and gpu mining were a thing of the past. And now in 2014 it's entirely too late to do ANYTHING about it but a sig campaign that pays me out about 30 or 40 a week. Not much I can do with that, and until I earn enough I'm stuck.

This pretty much mirrors my situation except the business I spent years of time energy and money on building went bust and my family lost the house and all our savings. So after honouring all creditors we were left with nothing. Hardest day of my life was telling my loyal employees that is there was no longer any work for them.

Sadly there are a few ugly unsavoury arrogant and dismissive characters on here happy to laugh and criticise other peoples choices and savings. But I warn you never judge a man until you've walked a mile in his shoes.

[ljudotina]

Guys (and gals ofc), Bitcoin was made to be used. If you just hold it, you'r not doing it right. Just holding is pumping up unnatural price which will blow up sooner or later into everyone's face. What Bitcoin needs is flow. Flow from customer, to seller, to producer, back to customer...circle. Just holding wont make it mainstreem. It will pump up the price which will explode sooner or later.

[madmat]

Guys (and gals ofc), Bitcoin was made to be used. If you just hold it, you'r not doing it right. Just holding is pumping up unnatural price which will blow up sooner or later into everyone's face. What Bitcoin needs is flow. Flow from customer, to seller, to producer, back to customer...circle. Just holding wont make it mainstreem. It will pump up the price which will explode sooner or later.

It seems easy in US to use it, but here in France, hard to make any expense in btc. The only think i bought in btc was a domain name.

So I hold, but i will be happy to buy bitcoin for immediate use.

[turvarya]

Sadly there are a few ugly arrogant and dismissive characters on here happy to laugh and criticise other peoples choices and savings. But I warn you never judge a man until you've walked a mile in his shoes.

If you can't take criticism than leave the internet. FOREVER.
I am a better person now, because I always took criticism seriously and not whine about how "ugly arrogant and dismissive" critics are.
We judge you according to the information you provide. If you feel misjudged, because we don't have enough information about you, it is you fault.

[ljudotina]

Guys (and gals ofc), Bitcoin was made to be used. If you just hold it, you'r not doing it right. Just holding is pumping up unnatural price which will blow up sooner or later into everyone's face. What Bitcoin needs is flow. Flow from customer, to seller, to producer, back to customer...circle. Just holding wont make it mainstreem. It will pump up the price which will explode sooner or later.

It seems easy in US to use it, but here in France, hard to make any expense in btc. The only think i bought in btc was a domain name.

So I hold, but i will be happy to buy bitcoin for immediate use.

There are alot of web shops inside EU where you can spend your BTC on stuff you buy one way or another.

To add to my previous rant. If everyone holds, and noone spend anything, sellers will just stop receiving bitcoin, as there will be no profit out of it, and once that happens, it's one way street to the bottom.

[Cryptogirl82]

I bought some bitcoins at the very peak (high price on the high day) of a bubble.  Then the next day MtGox was hacked and the price fell to about half that.  Then the price fell month after month, losing 93% of its value.  So there I was feeling sorry for myself, with my coins only being worth 7% of what I bought them for.  Now they're up 2031%.

In short, get some perspective.  If you bought coins above $1200 you still got them very cheap.  The price is going to be in the tens of thousands of dollars sooner than you think.

Ok could you please underline your statements?

[Cryptogirl82]

Anyone else feel like one of the bitcoin losers? We hear a lot about all the winners, now including some 15 year old child, but very little on the currency's losers. I got swept up in the mania last November and dared to invest my life saving into purchasing 1 bitcoin, just as it was near peak. That turned out to be a terrible purchase for me as the value dropped since, so bitcoin has only ever lost me money. Anyone else in my boots? I'd still like more bitcoins but going on my past 6 months my confidence and trust in this new currency has been shattered.  

Your lifesaving was 1000$??? how is this possible`?

[ljudotina]

Anyone else feel like one of the bitcoin losers? We hear a lot about all the winners, now including some 15 year old child, but very little on the currency's losers. I got swept up in the mania last November and dared to invest my life saving into purchasing 1 bitcoin, just as it was near peak. That turned out to be a terrible purchase for me as the value dropped since, so bitcoin has only ever lost me money. Anyone else in my boots? I'd still like more bitcoins but going on my past 6 months my confidence and trust in this new currency has been shattered.  

Your lifesaving was 1000$??? how is this possible`?

In some countries, 1000$ is ALOT of money! Dont be THAT guy....

[freedomno1]

Well the worst bitcoin losers tend to be the people who leave when the price goes down significantly
I read a thread on Veronica although there are also some that invested in bad assets and lost their coins that way
Or bad exchanges like mtgox
Even have some that lost their old wallets with large amounts or threw them in the garbage dump
http://money.cnn.com/2013/11/29/news/bitcoin-haul-landfill/
So yep there are some bitcoin losers

[ljudotina]

Well the worst bitcoin losers tend to be the people who leave when the price goes down significantly
I read a thread on Veronica although there are also some that invested in bad assets and lost their coins that way
Or bad exchanges like mtgox
Even have some that lost their old wallets with large amounts or threw them in the garbage dump
http://money.cnn.com/2013/11/29/news/bitcoin-haul-landfill/
So yep there are some bitcoin losers

Ok...that guy....we can call him looser w/o any second tought.

[Minecache]

Sadly there are a few ugly arrogant and dismissive characters on here happy to laugh and criticise other peoples choices and savings. But I warn you never judge a man until you've walked a mile in his shoes.

If you can't take criticism than leave the internet. FOREVER.
I am a better person now, because I always took criticism seriously and not whine about how "ugly arrogant and dismissive" critics are.
We judge you according to the information you provide. If you feel misjudged, because we don't have enough information about you, it is you fault.

No the unsavoury characters are jumping to conclusions and judging others on information that's not been provided. I have no issue taking criticism when it's justified and warranted. On this thread it's not, and most right minded on here can see that. Not my fault if you can't.

[dwolfman]

Anyone else feel like one of the bitcoin losers? We hear a lot about all the winners, now including some 15 year old child, but very little on the currency's losers. I got swept up in the mania last November and dared to invest my life saving into purchasing 1 bitcoin, just as it was near peak. That turned out to be a terrible purchase for me as the value dropped since, so bitcoin has only ever lost me money. Anyone else in my boots? I'd still like more bitcoins but going on my past 6 months my confidence and trust in this new currency has been shattered.  

Your lifesaving was 1000$??? how is this possible`?

In some countries, 1000$ is ALOT of money! Dont be THAT guy....

And be glad you aren't in my situation. I'm making US$20 an hour at my day job, but I'm behind on ALL my bills such that late fees on bills and overdraft charges at the bank mean I waste $200 a month just trying not to "drown" financially.  Life savings = 0, and has been for at least 7 years now.

All this after several things that I had no control over happened to me and my family.  First was the Kansas state "social services" agency getting it stuck in their head the wife and I were neglecting our kids.  We weren't but they later made it true because we kept having to spend money we could not afford to spare on lawyers and other issues related to them dragging us into court several times for a few years just before 2007.  Then the child support they forced us to pay (both of us, and my wife has not had a job in years and can't get one) pretty much ruined any chance of keeping the home we had bought trying to fix the issues they kept throwing at us.  Then what life savings I had (about $25000) we had to cash out in order to pay the back child support just to keep us out of jail.  Then in 2008, a board of directors change pushed out the President of the company I worked at, and the new guy did a 20% employee cut.  Of course I was one of those.

Ever since then I have not been able to get steady year-round employment in this city, because there just wasn't that many openings during the recession.  Then the seasonal jobs I was getting dried up in 2012 and I was unemployed for a year living off some money a relative had until I could get a job.  When I did get this job, it was just after that money ran out and I got behind on a couple bills.  Due to their policies on utility disconnection, the only option I had was to sacrifice payment of all other bills so we could keep the gas and electric on.  Because of that I have not paid a bill or rent on time since 12 months ago.  Every week when I get my paycheck, I have to go to the ATM machine to get all of it out as cash, overdrafting the account in the process to limit it to just one overdraft fee per week, just to pay what bills we can and try to put food on the table for another week.

I would LOVE to start buying and selling Bitcoins, but the money just isn't there to do it with.  Really kicking myself for not getting in to it back in 2010 when I first heard of it. 

I did start getting in to it in early 2013 and had been mining with my video cards, but that wasn't much for about 1.5 months worth of computer time and electricity.  At most I had about 1.2 BTC from mining, but had to cash it out due to a lack of cash again.  No more mining after that as the difficulty started going up a lot faster then due to ASICs for mining.  Now I have about 0.03 BTC left, sitting at CampBX, waiting for me to get some time to write my trading bot (since no one seems to really support CampBX anyway).

Anyway, there are likely a lot of people here who are very interested in Bitcoin and what it means for personal freedom and society in general who can't do much but read about it and hope they can get started on improving their personal situation.

Though I do have a possibility to start participating soon, I hope.  I'm getting closer to being able to get out from under these late fees, and the current job is still going, even through it's contract.  I've got a good chance that it will become full-time year-round and non-contract.  Once that happens I'll be getting higher pay than now, so I know I'll be able to start doing more with Bitcoin. 

[jonald_fyookball]

Ok, here's what I'm seeing in this thread and in the general community:

1. No don't spend the bitcoin it's revolution, it's the new wave of the future hold on to it!
2. I turned my bitcoin into money and spent most of it.

Seriously, hypocritical much? A lot of the talk on the forum is how bitcoin shouldn't be a get rich quick scheme yet half of the people who let that sentence fall from their lips do the very thing they tell others not to do.

Have you ever been so desperate for food that you had to ask a strange for 20 dollars just so you could buy bread and something to hold you down? Have you ever needed to hold on to that food so desperately, that you make a loaf of bread last a week? Have you ever been in a position where you can't find work and you have mouths to feed and you don't know what else to do so you take a chance on something and fail? I mean a lot of people are talking from experience like they've got money elsewise where as people like myself and I'm sure many others don't and didn't.

To borrow the expression, aside from the money I receive for my sig campaign, I don't have a pot to piss in. I don't have insurance anymore because I'm "out of coverage" for Medicaid (THANKS OBAMA!) and if I paid out of pocket, it would be considered fraud. I don't have food stamps anymore because I'm not where I'm supposed to be, and I was supposed to go renew it but instead I'm helping my 62 year old mother out because she's fighting breast cancer and she needs help around the house. She doesn't shop, or leave the house much because she's having a hard time with the chemo. I don't see her for days at a time until she needs to go see a doctor. I'm disabled and fighting for SSI because the good old government of the USA thinks I'm disabled enough to not work, and don't deserve it. Yet I've been declared disabled by 2 different doctors, which apparently isn't enough. I can't leave the house sometimes for days because my anxiety and panic sets in so bad that all I want to do is sleep. I don't have a doctor because the stigma attached to this stupid disease or disability makes them think all I'm doing is sitting around chewing on the medicines they give me. When in reality I WANT TO WORK, and I WANT TO GET OUT but I can't. And it's not just a matter of, "oh you can do it don't give in to your mind" it's not that simple, it never is.

People have stories, and it seems everyone here's a critic. Don't discount people because they offer up some sob story, stop being so fudging critical. It's really stupid, not everyone has even a small slice of a "pie". If I were to sum up my condition in one word, it's DROWNING, not even below poverty line and yet I have a million other people, and things I have to worry about. I'm 33 years old and I can't make it on my own. That's why I got into bitcoin, because I'd hoped that someday maybe I'd have something to hold on to for the future, but I got into it just when cpu and gpu mining were a thing of the past. And now in 2014 it's entirely too late to do ANYTHING about it but a sig campaign that pays me out about 30 or 40 a week. Not much I can do with that, and until I earn enough I'm stuck.

You're right. It's not a get rich quick scheme.

I think you have a lot bigger things to worry about than Bitcioin.  I mean no disrespect.  But if you are struggling financially, mentally, or physically...please take care of those problems.  There is work besides sig campaigns out there in the world.... Try odesk, fiverr, elance....and do something productive to earn money instead of posting here.  Especially if you think you can't get out of the house.

When you have free cash, buy some coin if you want... But you need some basic cash flow first.

[ljudotina]

I totaly dont understand you legal system. In my country, if anyone would drag me trough courts and lost i would be payed hefty sum of money and they would have to pay theirs and mine lawyer. What your talking about doesnt seem fair from any perspective possible.

[dwolfman]

I totaly dont understand you legal system. In my country, if anyone would drag me trough courts and lost i would be payed hefty sum of money and they would have to pay theirs and mine lawyer. What your talking about doesnt seem fair from any perspective possible.

You are right, it's not fair. They have protections built in to the law such that even if the allegations are false, I cannot even try to sue them for it. 

Worse yet, it's not a criminal case, but civil.  So the good old "beyond a reasonable doubt" doesn't apply.  All that matters is who has the preponderance of evidence. 

And most in the USA are not aware of how bad it is, because this is done in "Family Court" and each case is handled such that only parties involved in the case can be in the courtroom (not necessarily any real public oversight).  Everyone I've ever explained this to is shocked by the reality, because they have not had to go through it.  Only those that go through it know, but they also are typically like me (poor or unable to fight back in the right way due to lack of money).  They rarely drag anyone into this situation that can actually afford to fight it.

Anyway, don't want to drag this off topic, but I think I'd consider myself to be a Bitocoin "loser" right now due to my situation.  Though I am working on changing that.