I just bought and why it's bad for you

[hopefull]

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

[Chuckee]

At least you recognize that bitcoin is a money pit, unlike most of the mental dwarfs around here who are expecting to be rich soon.

[thresher]

you should've told us you were buying.  I'd have sold ass lol.


Granted i don't buy your story 

[bitcoin_bagholder]

you should've told us you were buying.  I'd have sold ass lol.


Granted i don't buy your story 

Yeah, too many millions in OP's tale. Probably a ramen noodle-eating broke guy living a fantasy life on the internet.

[notserp]

Hi Guy L.   you own Cirque du Soleil not a construction company don't lie

[pitham1]

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

It is about time your luck changed. 

[sgbett]

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare but I thought 'Nah, forget it' - 'Yo, homes to Bel Air'. I pulled up to the house about 7 or 8 and I yelled to the cabbie 'Yo homes smell ya later'. I looked at my kingdom, I was finally there, To sit on my throne as the Prince of Bel Air.

You make an interesting case

[Hyena]

luck? luck has a funny way to turn.

[dynamox]

Holy fuck, seriously? how did you make all these millions to only lost them later in the first place? thats the question.

[blatchcorn]

Your involvement in Bitcoin has already been priced in 

[notme]

Holy fuck, seriously? how did you make all these millions to only lost them later in the first place? thats the question.

Construction can huge money if you can land the big projects, but construction workers tend to be terrible investors.

[wachtwoord]

Hello all, I have run so bad in finances that me having bought a large volume of bitcoins this entire week might doom you all.
This is my first post so let me introduce myself, I am a construction bussiness owner that in the last 10 years has lost about 20 million in the stock market, I also lost roughly 7 million in my other hobby no limit poker. I am so unlucky that me using Coinbase this entire week to accumulate 500 Bitcoins can't be good, odds of me winning in this gamble are astronomically rare, just so you know my average has been $418 this week, I also own a small amount of bitcoin bought a few months ago at $644 and that didn't go well. Good luck and prove me wrong!

You have the chance to make back all your losses and you took the first step. Now the second step is just as important: don't sell in the next 5 years.

[njcarlos]

Sounds like you have a gambling problem. Seek help.

[Wilhelm]

How can you lose so much millions? You must be making them too right?

[2themoon]

1) You probably are going to lose money on the short-term, since you bought on a bearish trend.

2) Don't sell, even if the price goes to 200. Next year, you'll be in profit.

3) Never, ever, gamble again, mostly there is only one winner: the house.

[hopefull]

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

[Newbie1022]

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

[inca]

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

You know what they say about the worth of advice from an unknown internet poster!

[wachtwoord]

I build senior housing complexes, they range from 7 to 40 million, obviously I have been fortunate in other aspects and it's not all bad. Here is my true unqualified look at what a pro trader would look at, obviously some here may not look at a weekly chart, but depending if look at a linear or non linear chart we are in a major downtrend chanel, we are half way to this last leg where if you draw lines it will lead you to upper 200 range, however that does not mean we will go that far, it might just as well stop here and we bounce to upper trend line of this downtrend which is mid 5xx. That's my dollar!

You are trying to catch a falling knife. Look at the one-day chart. See if you can't get out at a face saving price on volatility. Don't ruin your life.

I try to catch falling knifes in most investments I make. It means the security is relatively cheap at least (of course I investigate whether it's truly undervalued). Of course it can fall further. It always can, but the odds are in your favor.

[pitham1]

I think I should get into the construction industry as well.