Post
Topic
Board Bitcoin Discussion
Re: How did I lose money for Bitcoin?
by
BitFinnese
on 19/11/2018, 06:11:01 UTC
I started researching and investing in Bitcoin from February 2018, at that time 1 BTC was priced over 8k $, I bought 20BTC and then the price started rising. When looking at Bitcoin price charts in December 2017 I was very happy and thought I was lucky to invest properly! Then 2 months in March 2018, 1BTC was priced at over $ 11k, I was happy and decided to buy another 50BTC, I thought I would be a millionaire! But not! Then the price of BTC started to fall and I lost a lot of money! I was scared and did not understand why the price of BTC decreased! As well as buying BTC, I was fomo, invested a lot of money but did not understand what I was doing. Then I calm down and explore the market, and I realize that everything has its causes and rules! I started the trader and gradually recovered the lost money! I know a lot of people like me, invest their money without knowing what they are doing! I advise people to research thoroughly before bringing money to the market! And according to my personal opinion, the upcoming Bitcoin will drop to about $ 5k before rising again! invest your money wisely, it is your decision! good luck guys!

Where did that money come from, that You got back? BTC has no healthy business or service behind it nor monthly fees for usage.

So take a deep think and answer: where did You think You got Your money back from?

You did not read, did you?  He clearly stated that he researched and learned to trade.  So the answer is, he begun day trading where he took advantage of the volatility of Bitcoin, buy low, sell high plus with a lot of patience and good timing.



Indeed I would agree with you OP, before making a huge investment, one must not buy a rumor.  We must make a deep research and understanding about the kind of investment we are going to venture.  I am glad you recovered your investment.