Re: LBRY.IO - DICUSSION THREAD

I invested in LBRY on 22nd june when it was pumping from 17th june 11.27 worth of bitcoins and at that time LBRY reached 92 cents, Now my bitcoins are worth 2.5 and I am one the biggest bag holder of these, Guess it was my start in trading and I have learnt the hard way, I thought and believed this to be a great project but I don't know why this particular project has not recovered, All other altcoins have been recovering but not this particular one. Guess I will remain the bag holder of it till my 30k+ lbc becomes same worth as I invested in.

ouch!!

im really sorry for you loss BUT it's not a loss unless you sell!! i was in a very similar situation in 2014 when i bought vericoin almost near its top and held the bag for a long time

you gotta look on the bright side, even though your down on your BTC investment, the price in BTC is going way up so your recouping your losses just because BTC is worth more.

my advice to you would be to accept that you are a long term holder of LBC and you should try to avg down by buying and trading.

..last little bit of encouragement..i sold all my vericoin early this year for a 2 BTC gain just because i held over the years and staked and traded the coin actively. if you just keep your head up and dont give up and sell you will get back in the green. just be grateful that you are bag holding a legit project and not one where the dev bails and coin goes to zero

Appreciate your advice. I can be a bag holder for this one and will trade in other coins till it gets back to my original amount of btc ATLEAST.

But if you see and recognize a once in a life time opportunity you can sell your coins. Do take advantage. Maybe this experience is a positive in that in can cause you to look and search for something that you wouldn't have found without this experience.

For others reading this, this was not meant to sound as if LBRY is a bad coin, just that he bought at the top of a pump.

Your absolutely right on that! Bad investments leads to good investments sometimes. But I am waiting for it till my coins are 5.5BTC, So I can take 50% loss. Right now its 2.5BTC, It doesn't feel right for me to sell em at this rate. I am sure things will get better for LBRY.

One time I made a really bad investment, and tried to make my money back with that particular coin. It's good to wait and hold, but if, and only if you see a once in a couple of years rare opportunity, take those 2.5 BTC and put it there.

It's a very risky business, especialy day trading. It can lead to some real life consequences. So yesterday I Googole "Day trading Suicide," because I imagine that it could be a common thing.