I bought bitcoin with the amount of $150 with the market price of the coin 11.3k market price and I'm trying to take investment because there is a chance that the price goes up into 15k.
Right now I'm seeing the price drops over 10k and continuously going down and this is not a good shot for me right now. The only choice is holding and wait again for another pump.
Just want to share my cruel mistake lol.
the first bitcoin I bought went down 90% in value. I was thinking it was a very ver very bad mistake back then. it took the price 2 years to climb back. you will have to wait maybe 2 weeks or - if things go a bit mad - 2 months.
you are doing good, buying at local tops is no cruel mistake in bitcoin. even on a multiyear blow-off top it is no mistake.
just adding to 600watt here. as long as you can afford to lose it youre fine. that should be a given.
i started mining at $10. it went to $35. yes! then.. down to $2 for a loooong time. a ~95% drop. but. look where we are today.
tl;dr: hodl
i had read about bitcoin when price was about $10 and right away decided to buy some. but I couldn't find a way to get some btc other than wiring money to the MtGox bank account in Tokyo. price rose every day and the money wouldn't arrive. and price kept on rising, doubling, tripling, etc.. on and on. the fuckin day the fuckin money was finally on my account ready to f i n a l l y buy, price was at.... you guessed it: $35
I finally bought and it felt great. when I checked my account a few hours later that same day, price had crashed. and it kept on crashing next day. and the day after.... man, that was shocking and I had no news. there was no media infrastructure, and main stream media didn't cover it and unfortunately I hadn't found this forum yet. no info, price kept crashing. then MtGox got hacked, I couldn't get to my account anymore. decided to throw everything away and forget about it. I was so ashamed I had sunken my money into this Japanese scam. price went down to $2.
I had bought right the top of bitcoins first insane bull run. I could have bought 17x more bitcoin if I had bought on the day it was on $2 instead of the day I had chosen to buy. one could say that I had royally fucked this one up and I really think I did. but whining about a buying price of $35 is kinda weird.
cheers to you sharing that moment. you were already mining and I was a textbook noob. cheers to all 2011ers.