Op was gambling, not trading. And he couldn't have lost that much. Maybe 20%
i lost much more , much more. I bought when bitcoin was 1050 cause i waited to much and at that time it seemed it was going up, and exactely in that time there was the epic dump. I waited a bit, then when i saw price going under 700 i had to sell, i simply could not bear a bigger loss. BUt bitcoin recovered slowly so i made wrong decision. I decided to enter another time to get some money back and i was newly unlucky. Ok i should have hold. But i am not a long term investor, i do not give trust to bitcoin, to me is a temporary bubble and could end from a moment to the other and value go back to 10. This is cause i sold so fast. Totally i lost about 4-5000 euroes of 8000 euroes invested in 2 attempts, i tried cause all my friends were doing some money with bitcoin and convinced me, at last. So i tried to do the same, after being what i supposed to be well informed. I did my bitstamp account and bought. I was unlucky. It was maybe the worst moment of all year, almost. And even this second time, wrong moment. I will invest nothing on bitcoin or in other financial assets for all my life. I am a 25 yo italian boy and i am a father since 3 years ago, i have a little girl to breed and an uncertain job which gives me simply enough to eat and nothing more, and i am even trying to continue studying, even though is very difficult to find time.
I was illuded to make some money fast, money which i would have really needed, people convinced me it was easy, someone made 10 times the money in few months, so i tried too. And i am serious now: i put about 80% of my savings in btc, i will be hardly able to pay the leasehold next month, and this just cause i have been stupid and believed shit people said about easy earnings. Best regards, i leave this website and bitcoin community forever, i hope someone has read this and will be saved too.