what should I do, I invested a lot

[fonzie]

You often can tell good advices from bad ones from the simple fact that the latters comes almost always with insults or fear inducing clues like "cut losses now or lose everything".
Good advices are seldom trying to force you do anything but rather try to reason you by means of logic.

 You don't know the good advice from the bad until it is too late.

Tell that to the OP. He's in panic and about to sell.

 Okay.  Hey Impross88!
  Dai nemici mi guardo io, dagli amici mi guardi id dio!

translation CUT YOUR LOOSE

[1714637064]

1714637064

[maker88]

Your looses huh? Fuck you. Welcome to ignore.

A shining example of the critical thinking skills of the bulltards on this forum. "You disagree with my investment strategy? Fuck you, man!!1"

That is obviously not what he's saying fuck you about. He's saying fuck you cuz you are fallings stupid ass twin, looses is not the word you're looking for, but you still don't understand this. Depsite making the mistake countless times over multiple accounts, Cuz you're stupid.

[dropt]

Your looses huh? Fuck you. Welcome to ignore.

A shining example of the critical thinking skills of the bulltards on this forum. "You disagree with my investment strategy? Fuck you, man!!1"

That is obviously not what he's saying fuck you about. He's saying fuck you cuz you are fallings stupid ass twin, looses is not the word you're looking for, but you still don't understand this. Depsite making the mistake countless times over multiple accounts, Cuz you're stupid.

QFT.

[apepoof]

Selling now would be a mistake unless you need the funds in the short term.

[adamstgBit]

you say your 26...

do you imagine yourself investing some savings into bitcoin ever again?

if so you did good this year, try not to let the FUD of the moment get to you.

[Wilhelm]

As people are telling you, keep faith and come back in two to five months.
It will be better and you will be smiling that you went through the worst low ever.
Next time don't invest most of your money in a high-risk speculative currency it will make you sleep way better.

Why won't it go to $0 and why will it come back better than ever
 - We all have invested a lot in Bitcoin there are also people who bought at $1200.
 - Shitloads of people have mining contracts and want an ROI.
 - Wallstreet and ETFs are ready to launch.
 - Major retailers are investing in Bitcoin adoption.
 - Technology is sound and uncrackable.
 - We've been through 40 China bans, an Exchange failure (MtGOX) and several scandals.
 - ATMs popping up.
 - Official regulations on Bitcoin.
 - etc....

If Bitcoin is going to die then it will not be now.

We are currently in the bear trap / dispair phase. You will feel the need to sell but don't give in.
It might go to $100 but once it comes back it will go way further than ever before. (we hope )

Cheer up and have a beer (or 5)!!!!!

P.S. We are all in this shithole together so as long as this forum has members you are not alone.

[findftp]

hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?

Without poor people there are no rich.
You choose on what side you want to end.

[findftp]

As people are telling you, keep faith and come back in two to five months.
It will be better and you will be smiling that you went through the worst low ever.
Next time don't invest most of your money in a high-risk speculative currency it will make you sleep way better.

Why won't it go to $0 and why will it come back better than ever
 - We all have invested a lot in Bitcoin there are also people who bought at $1200.
 - Shitloads of people have mining contracts and want an ROI.
 - Wallstreet and ETFs are ready to launch.
 - Major retailers are investing in Bitcoin adoption.
 - Technology is sound and uncrackable.
 - We've been through 40 China bans, an Exchange failure (MtGOX) and several scandals.
 - ATMs popping up.
 - Official regulations on Bitcoin.
 - etc....

If Bitcoin is going to die then it will not be now.

Bullshit.
A technical flaw would be deadly instantly, no matter about any point you describe.
But hey, you can tell your grandkids that you owned some of those digital tulip bulbs and it was a hell of a time!
And if a technical flaw is not happening, we are going to the moon, it's that simple.

[Magic Of Nigeria]

i think u should keep waiting, it will go up.

[Wilhelm]

As people are telling you, keep faith and come back in two to five months.
It will be better and you will be smiling that you went through the worst low ever.
Next time don't invest most of your money in a high-risk speculative currency it will make you sleep way better.

Why won't it go to $0 and why will it come back better than ever
 - We all have invested a lot in Bitcoin there are also people who bought at $1200.
 - Shitloads of people have mining contracts and want an ROI.
 - Wallstreet and ETFs are ready to launch.
 - Major retailers are investing in Bitcoin adoption.
 - Technology is sound and uncrackable.
 - We've been through 40 China bans, an Exchange failure (MtGOX) and several scandals.
 - ATMs popping up.
 - Official regulations on Bitcoin.
 - etc....

If Bitcoin is going to die then it will not be now.

Bullshit.
A technical flaw would be deadly instantly, no matter about any point you describe.
But hey, you can tell your grandkids that you owned some of those digital tulip bulbs and it was a hell of a time!
And if a technical flaw is not happening, we are going to the moon, it's that simple.

I understand the way you read my post
I was talking about the current situation and there are no known flaws to date.

Yes true if one was to be able to crack ECDSA or be able to reverse SHA-256 and RIPEMD160 then we would have some problems.
Even then the Bicoin client can be adapted quickly through manditory update to support a different checksum of public key signing algorithm.

Yes we currently have no proof that ECDSA is safe but hey almost all SSL, HTTPS and other security systems are based on that technology.

Other than that the Dutch Tulip craze ended after three years, Bitcoin has been here longer

[Sevvero]

hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?

>investing life savings
>investing once it's mainstream

How does it feel being dumb money?

Will bitcoin rise again at least until 830?

Go ask fortune teller. Will chip fall on black?

You haven't lost anything at this point until you sell your BTC. hold onto them.

But he has. Do you know what "unrealised losses" are?

[johnyj]

Auktion the coins and get a high bid 

[findftp]

As people are telling you, keep faith and come back in two to five months.
It will be better and you will be smiling that you went through the worst low ever.
Next time don't invest most of your money in a high-risk speculative currency it will make you sleep way better.

Why won't it go to $0 and why will it come back better than ever
 - We all have invested a lot in Bitcoin there are also people who bought at $1200.
 - Shitloads of people have mining contracts and want an ROI.
 - Wallstreet and ETFs are ready to launch.
 - Major retailers are investing in Bitcoin adoption.
 - Technology is sound and uncrackable.
 - We've been through 40 China bans, an Exchange failure (MtGOX) and several scandals.
 - ATMs popping up.
 - Official regulations on Bitcoin.
 - etc....

If Bitcoin is going to die then it will not be now.

Bullshit.
A technical flaw would be deadly instantly, no matter about any point you describe.
But hey, you can tell your grandkids that you owned some of those digital tulip bulbs and it was a hell of a time!
And if a technical flaw is not happening, we are going to the moon, it's that simple.

I understand the way you read my post
I was talking about the current situation and there are no known flaws to date.

Yes true if one was to be able to crack ECDSA or be able to reverse SHA-256 and RIPEMD160 then we would have some problems.
Even then the Bicoin client can be adapted quickly through manditory update to support a different checksum of public key signing algorithm.

Yes we currently have no proof that ECDSA is safe but hey almost all SSL, HTTPS and other security systems are based on that technology.

Other than that the Dutch Tulip craze ended after three years, Bitcoin has been here longer

I agree with most, but a flaw in bitcoin could send it to sub-zero because a lot of noobs don't understand shit of it.
I know it can be fixed, but you should agree that it would cause a big dent into crypto.
Some alt-coins will rise I guess, depending on the speed of the bitcoin fix.

I don't care about a flaw or bitcoin going to zero. I'm happy to have been a part of it.
I will hold my coins no matter what

[600watt]

hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?

Hey I can sympathize you.  I've lost a lot of money in stocks before as well.  I think the thing you should do is sell as much of your holdings to get to a position you can accept losing everything.

You are stressed out because your position is too big.  The price might go up or down more.  Nobody knows.  What you know is the size of your position and how much you stand to win OR lose.  Try to think defensively out it

Ignore the pumpers here.  They are perma bulls.  They don't care about your money.  I have no position so I don't care if price of bitcoin goes up or down.  I just don't like to see people get suckered into a pyramid/ pump & dump

you post 700 x in a pyramid scheme forum ?
the minds of those who are capable of such behaviour are a complete mystery to me.

Edit: typo

[Impros88]

First of all, don't listen to the idiots on here. That's what got you into this situation in the first place. The "buy and hold" is a sales tactic of the early investors so they can cash out their bitcoin slowly overtime without the price crashing. Many on here will tell you that since you've held for this long, you might as well stick it out. They'll tell you that we've bottomed out (rpitiela and others) or that "this has all happened before" because they either want to sell to you, or they're also in over their heads and misery enjoys company.

You can choose to stick it out if you like and pray for a rebound, but just keep in mind that there is no goldren rule that we won't continue to drop and nothing is off limits, including $300s, $200s or worse.

thus is scary but true. I will hold, even if I am not sure, as others seem, that bitcoin will rise again. Bitcoin could have been a fashion, a bubble like all other bubbles in history since 1600. Anyway I have taken my decision. If I was going to sell now I would lose 40% of my investment and it is way to much.
Anyway, thanks everyone because when you are losing thousands euros, big part of your savings, in a single week worst thing is to feel alone. You gave me hope. Maybe I am wrong again but I have  took my decision. I don't need that money to live so I will wait.
Greetings from Italy..

[findftp]

First of all, don't listen to the idiots on here. That's what got you into this situation in the first place. The "buy and hold" is a sales tactic of the early investors so they can cash out their bitcoin slowly overtime without the price crashing. Many on here will tell you that since you've held for this long, you might as well stick it out. They'll tell you that we've bottomed out (rpitiela and others) or that "this has all happened before" because they either want to sell to you, or they're also in over their heads and misery enjoys company.

You can choose to stick it out if you like and pray for a rebound, but just keep in mind that there is no goldren rule that we won't continue to drop and nothing is off limits, including $300s, $200s or worse.

thus is scary but true. I will hold, even if I am not sure, as others seem, that bitcoin will rise again. Bitcoin could have been a fashion, a bubble like all other bubbles in history since 1600. Anyway I have taken my decision. If I was going to sell now I would lose 40% of my investment and it is way to much.
Anyway, thanks everyone because when you are losing thousands euros, big part of your savings, in a single week worst thing is to feel alone. You gave me hope. Maybe I am wrong again but I have  took my decision. I don't need that money to live so I will wait.
Greetings from Italy..

Hero.

You should put a bitcoin address in your sig, I would donate satoshis, to make you feel better.

[Sevvero]

Tell your family you're a failure who lost all this money on magic internet shit, then kill your kids, your wife, and then finally yourself to ensure the cycle of stupidity ends with your line.

This guy gets it Listen to him, OP!

- Technology is sound and uncrackable.

It's not:
http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/

[Wilhelm]

As people are telling you, keep faith and come back in two to five months.
It will be better and you will be smiling that you went through the worst low ever.
Next time don't invest most of your money in a high-risk speculative currency it will make you sleep way better.

Why won't it go to $0 and why will it come back better than ever
 - We all have invested a lot in Bitcoin there are also people who bought at $1200.
 - Shitloads of people have mining contracts and want an ROI.
 - Wallstreet and ETFs are ready to launch.
 - Major retailers are investing in Bitcoin adoption.
 - Technology is sound and uncrackable.
 - We've been through 40 China bans, an Exchange failure (MtGOX) and several scandals.
 - ATMs popping up.
 - Official regulations on Bitcoin.
 - etc....

If Bitcoin is going to die then it will not be now.

Bullshit.
A technical flaw would be deadly instantly, no matter about any point you describe.
But hey, you can tell your grandkids that you owned some of those digital tulip bulbs and it was a hell of a time!
And if a technical flaw is not happening, we are going to the moon, it's that simple.

I understand the way you read my post
I was talking about the current situation and there are no known flaws to date.

Yes true if one was to be able to crack ECDSA or be able to reverse SHA-256 and RIPEMD160 then we would have some problems.
Even then the Bicoin client can be adapted quickly through manditory update to support a different checksum of public key signing algorithm.

Yes we currently have no proof that ECDSA is safe but hey almost all SSL, HTTPS and other security systems are based on that technology.

Other than that the Dutch Tulip craze ended after three years, Bitcoin has been here longer

I agree with most, but a flaw in bitcoin could send it to sub-zero because a lot of noobs don't understand shit of it.
I know it can be fixed, but you should agree that it would cause a big dent into crypto.
Some alt-coins will rise I guess, depending on the speed of the bitcoin fix.

I don't care about a flaw or bitcoin going to zero. I'm happy to have been a part of it.
I will hold my coins no matter what

Yes I fully agree. A flaw in the client that can be exploited for a day or two would cause Bitcoin to hit the 2 digits or lower.
Any coin that covers the security breach might get an advantage and take over.

Possibly Bitcoin will recover but it won't be pretty

For me too I wouldn't mind having Bitcoin after it went to zero. I'll probably frame my wallet and hang it somewhere

[Razick]

hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?

I would strongly advise holding them until at the very least you recover your savings. At a minimum I'd say there is a 90% chance we'll see $830 or more in 6-8 months. If you sell now, you are probably making a losing bet and eating huge losses that you don't have to take. I have made some very bad decisions when it comes to Bitcoin, and this advice is based on what I've learned. In the end, you've got to decide for yourself, good luck.

[MichaelBliss]

I agree with most, but a flaw in bitcoin could send it to sub-zero because a lot of noobs don't understand shit of it.
I know it can be fixed, but you should agree that it would cause a big dent into crypto.

Sub-zero?  Meaning you'll have to pay people to haul away all your bitcoins?      This is an interesting opinion you have in that case!