Bitcoin Losers

[bitsmichel]

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.  

Invest in the long term. If you really believe in bitcoins, you should actually hold it out for years until the world adopts it. That's the "gamble" or "speculation" many of us are banking on.

Gold and silver were in similar situations up until 2000ish. Then it went from 200-300$ to almost 5 times that 10-11 years later. But it did just basically sit there for almost all that time.

With that said, I was foolish like you and invested money I couldn't afford on other investments (stock options, calls puts, ponzi schemes ,etc).

Everyone goes through that get-rich quick scheme phase. Hopefully you take this as a lesson and get a job/start a business.

It's best to make these kinds of mistakes now while it's still small and you have time/youth to recover.

Don't hammer yourself too much.

2-5 years is also pretty quick to be rich. Shorter than that is very very hard. I would not suggest ponzis.

[GigaBit]

I bought on average $500 and $710 being the highest.

That didn't stop me, I have some miners to show for it and now are now in the pure profit.  I spent at most $3,000 buying bitcoin at an exchange and make about $1,000 a month now from the machines with the coins I bought.  Good deal if you ask me when my electricity is nearly free.

You probably shouldn't have invested in your life savings in a volatile market like Bitcoin and then just sit on the coin.  If you would have bought even USB miner's you'd be ahead of the game.

Like any businessman need a business plan, an investor must have an investment plan.

I hope you invest better in the future and save your coin!  You may be vindicated faster than you think :p

[TopherB]

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.

Thank you. I never understood how the person that went "There there. The world's unfair." was kinder than the person that said "You screwed up. Figure out what you did wrong. And start over."

This philosophy of blaming everything but yourself that I see everywhere makes me so sad. There are so many stories of people overcoming having chronic migraines, being paraplegic and the like and still being able to craft successful thriving lives for themselves.

[kuverty]

6 months is nothing. Just hold, it's almost certain you will make some money.

[jjc326]

You hear all about the winners because that's "exciting" and sells.  It's just like you hear more about lottery winners instead of the millions who gamble and never win a lottery, or who are compulsive gamblers.  You heard about the internet stocks mania in 1999 but not about the millions who bought near the top.  It's the media's thing.

[ljudotina]

You hear all about the winners because that's "exciting" and sells.  It's just like you hear more about lottery winners instead of the millions who gamble and never win a lottery, or who are compulsive gamblers.  You heard about the internet stocks mania in 1999 but not about the millions who bought near the top.  It's the media's thing.

Oh man, that's 100% like bad news on TV...that's what sell and that's what ppl write / talk about.

[jonald_fyookball]

Return to honest money will help poor people the most.

[Justin00]

I have a story of losing a shit load of bitcoins if snyone in the medis wants to hear it :/;
not quite as bad as the 10k bitcoin pizza though.. but still pretty bad.. i can laugh now about it (after i shed a  few tears each time)

[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.

Thank you. I never understood how the person that went "There there. The world's unfair." was kinder than the person that said "You screwed up. Figure out what you did wrong. And start over."

This philosophy of blaming everything but yourself that I see everywhere makes me so sad. There are so many stories of people overcoming having chronic migraines, being paraplegic and the like and still being able to craft successful thriving lives for themselves.

Except that has absolutely zero relevance to the purpose of this thread.

[ljudotina]

not quite as bad as the 10k bitcoin pizza though..

That was NOT bad AT ALL. It was GREAT in time when it was executed. It should never ever ever be qualified as bad. It's legendary and it's start of what bitcoin should be...money for using, not holding and hoarding.

[giveBTCpls]

i have missed all the trains ever, im so unlucky. i think about death daily. im broke but its not like i lost money, i never had any money. this is bullshit

[skottiejay]

I might indeed need more help than BTC but this is the light at the end of my own tunnel, it may not seem much but the 30 bucks I get out of this sig campaign is something that I can use towards greater things. As far as working out my other problems, right now there is literally nothing I can do. I get little to no internet, aside from when it allows. It's DISH internet, meaning it throttles after a certain amount of gigs. I have school now, at least I have that to look forward to but it's slow going. I'm only a sophmore right now. Anyways, I don't want to talk about my life anymore because it doesn't matter worth a dang and that's fine. Nobody here is trying to win a sympathy contest, I'm here because I want BTC and I'm here because I do want to make friends, but it doesn't feel very friendly when people are telling me I'm a loser because I didn't buy 14 dollars in bitcoin in 2011.

[TopherB]

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.

Thank you. I never understood how the person that went "There there. The world's unfair." was kinder than the person that said "You screwed up. Figure out what you did wrong. And start over."

This philosophy of blaming everything but yourself that I see everywhere makes me so sad. There are so many stories of people overcoming having chronic migraines, being paraplegic and the like and still being able to craft successful thriving lives for themselves.

Except that has absolutely zero relevance to the purpose of this thread.

Which if I remember correctly was a call for a great big circle jerk of commiseration.
I could not participate in that but I also felt it would be ethically objectionable for me not to try to help.

[skottiejay]

I'm out of this thread, I am a bitcoin loser. I couldn't and didn't buy in 2011 when they were $14 a piece, I could afford it. I couldn't make that sacrifice, I'm sorry that's so hard to understand. Maybe people should be on this side of the fence sometime and understand what it's like being so desperate for some kind of light being shed at the end of a long and hard tunnel, with everything against your odds. It's not a get rich quick scheme I realize that, but at least I would have some kind of prosperity in the future and I would be able to go about my life and not have to worry so much.

But I am going to stop replying to this thread, if you don't believe my situation that's fine. I don't really care, I'm not here to win sympathy I'm here to make it known that not everybody was an early adopter, and not everyone had the funds to buy them up.

[jonald_fyookball]

I'll be your friend... Even if you're broke 

[Gianluca95]

Not yet for a sort of lucky.

In the month of january, fortunately I converted all of my litecoin in bitcoin. If I have converted now, I'd lose 50% of my capital 

[darkota]

Not yet for a sort of lucky.

In the month of january, fortunately I converted all of my litecoin in bitcoin. If I have converted now, I'd lose 50% of my capital  

Not so lucky for the rest of peope still holding litecoin. I know 99% of them are gonna cry their asses off when Litecoin drops to $1....

[Gianluca95]

Not yet for a sort of lucky.

In the month of january, fortunately I converted all of my litecoin in bitcoin. If I have converted now, I'd lose 50% of my capital  

Not so lucky for the rest of peope still holding litecoin. I know 99% of them are gonna cry their asses off when Litecoin drops to $1....

Yes, I think that price of Litecoin will fall in the next future because team of Litecoin development is bad.

I hope that this not realize...

[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.

Thank you. I never understood how the person that went "There there. The world's unfair." was kinder than the person that said "You screwed up. Figure out what you did wrong. And start over."

This philosophy of blaming everything but yourself that I see everywhere makes me so sad. There are so many stories of people overcoming having chronic migraines, being paraplegic and the like and still being able to craft successful thriving lives for themselves.

Except that has absolutely zero relevance to the purpose of this thread.

Which if I remember correctly was a call for a great big circle jerk of commiseration.
I could not participate in that but I also felt it would be ethically objectionable for me not to try to help.

You remember incorrectly or have a limited grasp of English interpretation. At no point was sympathy asked for nor sought.

[TopherB]

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.

Thank you. I never understood how the person that went "There there. The world's unfair." was kinder than the person that said "You screwed up. Figure out what you did wrong. And start over."

This philosophy of blaming everything but yourself that I see everywhere makes me so sad. There are so many stories of people overcoming having chronic migraines, being paraplegic and the like and still being able to craft successful thriving lives for themselves.

Except that has absolutely zero relevance to the purpose of this thread.

Which if I remember correctly was a call for a great big circle jerk of commiseration.
I could not participate in that but I also felt it would be ethically objectionable for me not to try to help.

You remember incorrectly or have a limited grasp of English interpretation. At no point was sympathy asked for nor sought.

I just reread your opening post. You say you want to invest more in bitcoin but lost confidence because the price has dropped since your purchase. But you wish to hear stories from other people in the same boat. So you aren't looking for encouragement (or if you are it is in a very odd method) therefore what other opinion are we suppose to come to?
You either want an 'oh me' party or bad advice.
Regardless I'm wasting my time at this point and not adding any help veyond that long past given.  So I give the last word if you need it. I've satisfied my duties.