Bitcoin Losers

[kibblesnbits]

this is a fucking  fu ck you and me post this post has been made like 3 times now now.  alrdy.... and i replyied... what the fuck you trying to do ... you trying to make a me scam...

Did you forget to log out of your "Minecache" account before posting this?

[SomethingElse]

If you bought another one when it was at $350, you would be a winner!  Buy another now and it only has to go to $800.  As other people mentioned, just buying once is more risky than buying once a month.  

[gondel]

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.  

Dont worry,
Keep your coins and have patience. You didnt lost so much for now. You can learn from your mistakes, but if you ell your coins now you will end up loosing double.
Hope you will be happy at the end of 2014 ( BTC at 2000$) ..only my opinion..
BR

[Unkle]

The only thing you can do is hold on to the coins and hopefully you'll become a bitcoin winner.

[matt608]

It wont be much longer before the folks that bought at the top of the last bubble are making a decent gain.  Probably within a few months, 6 months max.

[ethought]

You haven't lost anything unless you sell.

Just hold that 1 BTC and be patient.

[lihuajkl]

You just speculate it and hope to earn quick money. When the price is down, you fear you are losing money. I suggest when the price is up to the level you bought at the price, you sell all of your bitcoin and keep fiat. It is risky investment for short term.

[kgo]

You lost enough to buy an Xbox One and a few games.  Hardly life changing.  And if you had picked a safer investment, say the S&P 500, you'd have a 3-4% return by now.  Another $50-60 bucks.  Hardly life changing either.  Total amount isn't enough to hold you over long if you lose your job or have a medical emergency in either case.

First you need to decide how risk-adverse you are.  Bitcoin is the most highly volatile investment in the universe.  If you can't handle the swings you should invest in something safer with lower potential returns.

Second you need to decide how much you think bitcoin is fundamentally worth.  Not by looking at the charts, but by analyzing the value.  Saying "well it went up 10,000% in a year!" is a speculative attitude.  Saying (for example) "well if it takes 5% of the market of gold, which I think it can, it's worth X" and "if it takes 10% of paypal's business it's worth Y" is trying to put a price on the value.

Third you need to define your time horizon.  Do you plan to cash out in a year to put a down payment on a house? Then you don't want to invest in something so volatile.  Are you thinking well maybe it will pay for the kid's college in 10 years, but I'm still not going to hold my breath and save? Then maybe you want to buy some bitcoin.

After determining all that, it's a simple matter to determine if you think the current price is cheap, you're willing to take the risk, and you should buy more and are willing wait it out.

[chennan]

If you bought another one when it was at $350, you would be a winner!  Buy another now and it only has to go to $800.  As other people mentioned, just buying once is more risky than buying once a month. 

Saying is easier than doing. If every one is like Warren Buffett, every one is millionaire even billionaire.

[hellscabane]

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.  

You got swept up in the "mania" and put your entire life savings into 1 BTC; that's the problem. [The fact that you have a "family to feed" and your entire life savings is at $1,000 is another issue for some other time.] Clearly you did this out of a pure profit motive (i.e. easy money) and got burned. It should have occurred to you that mixing a "mania" with "all my savings" wasn't a good idea. Just let this be a lesson about how to divest your money in the future.

I'll be honest though, I've made some stupid mistakes with Bitcoin in the past. But I've learned from them and that's why I'm still here.

[niothor]

You lost enough to buy an Xbox One and a few games.  Hardly life changing.  And if you had picked a safer investment, say the S&P 500, you'd have a 3-4% return by now.  Another $50-60 bucks.  Hardly life changing either.  Total amount isn't enough to hold you over long if you lose your job or have a medical emergency in either case.

He said that he lost his life savings...

I doubt he would have bought a new xbox one considering all his savings were around 1000 or 1200 $.

In some parts of the world 1000$ is like 4-5 monthly wages if not more while for western European or american with a good job is almost play money.

[AdamWhite]

I doubt you could find a more speculative and volatile market than crypto... down 50% is nothing in this game. Buy on dips, lower your average and hodl for a few years

[jonald_fyookball]

One key to investing/trading is not let your emotions
cloud your judgement.

If your confidence is shattered, don't do anything stupid.

Just hold your coin.  In the future, it can be worth a lot.

[Guido]

HODL

[Minecache]

As there are a few posters on here who seem to think that they know my life and motives, for clarity, I bought 1 bitcoin with my life savings at the end of last year. Obviously I've rebuilt some of these savings and have a relatively stable present employment situation which feeds the family. As the price of the bitcoin plummeted its shattered my faith in buying more. Not all my eggs are in one basket, or bitcoin if you wish. Running my own business and providing jobs for some faithful employees I lost everything in the recession. That said I've always put food on the table one way or another. The motivation behind buying the bitcoin was not to make a quick buck as I an in this for the long term. I invested in it for my families future, well to hopefully buy a house again and put the kids through collage. I expected bitcoin to have continued its upwards trajectory and am interested in hearing from others who feel that *so far* they are bitcoin losers. Although my original business failed I've no regrets about its years of success and providing jobs to others.

[Beliathon]

You haven't lost anything unless you sell.

Just hold that 1 BTC and be patient.

Wise words.

[hellscabane]

As there are a few posters on here who seem to think that they know my life and motives, for clarity, I bought 1 bitcoin with my life savings at the end of last year. Obviously I've rebuilt some of these savings and have a relatively stable present employment situation which feeds the family. As the price of the bitcoin plummeted its shattered my faith in buying more. Not all my eggs are in one basket, or bitcoin if you wish. Running my own business and providing jobs for some faithful employees I lost everything in the recession. That said I've always put food on the table one way or another. The motivation behind buying the bitcoin was not to make a quick buck as I an in this for the long term. I invested in it for my families future, well to hopefully buy a house again and put the kids through collage. I expected bitcoin to have continued its upwards trajectory and am interested in hearing from others who feel that *so far* they are bitcoin losers. Although my original business failed I've no regrets about its years of success and providing jobs to others.

Well, I'm glad to hear that. I personally didn't mean to jump to any brash conclusions. From what I gathered, it seemed more profit motive rather than faith in the protocol.

Just take this wrenching loss as is and hopefully in the mean time, you've just sat on that one bitcoin and maybe you've been buying smaller amounts on some sort of basis. If you do that, you can set more stable prices to enter and exit some of your money.

[jeffersonairplane]

Bitcoin is a long term investment. You can't expect Bitcoin to give you a million bucks in the course of a few months. It would take years. We've seen explosive Growth, now it's stabilizing. Doesn't mean it won't do it again.

[cuntcoin]

Well, I was talking about this in UNI back in 2010, I said full of shit, but mates mined and lernt... I was wrong.. nasty lesson.. I now mine my ass off what a cunt hey

[Acidyo]

We are still one of the few early adopters, we can still be winners as long as we learn to hold properly for another couple of years. Don't make the mistake to risk your btc.