Quote from: Minecache on June 11, 2014, 01:34:55 PM

Quote from: turvarya on June 11, 2014, 01:19:09 PM

Quote from: Minecache on June 11, 2014, 01:00:08 PM

Quote from: turvarya on June 11, 2014, 12:49:17 PM

Quote from: Minecache on June 11, 2014, 12:44:29 PM

Anyone else feel like one of the bitcoin losers? We hear a lot about all the winners, now including some 15 year old child, but very little on the currency's losers. I got swept up in the mania last November and dared to invest my life saving into purchasing 1 bitcoin, just as it was near peak. That turned out to be a terrible purchase for me as the value dropped since, so bitcoin has only ever lost me money. Anyone else in my boots? I'd still like more bitcoins but going on my past 6 months my confidence and trust in this new currency has been shattered. Cry

Seriously, people like you shouldn't invest. EVER. IN ANYTHING.
You put money you really need in an asset that is highly speculative.
Now, you cry, because you are not a millionaire after 6 months.

6 months are nothing for an investment.

Where did I ask to be a millionaire? There was a lot of hype at the end of last year and I invested for my families future not to be some sort of spiv.

The "I have a family to feed"-"argument" doesn't change anything. You obviously just wanted quick money without working for it.
You gambled on a horse race. Your horse had a bad start. Now, you cry about the money you lost, even though the race is far from over.

Again, nowhere have I said that I wanted quick money for anything nor pleaded that I have a family to feed as those expenses are covered with my day job. I repeat I invested for my families FUTURE not be some sort of spiv and I'm interested in hearing from people in a similar situation to myself. Not people like you who are trying to put words in my mouth.

I was going to write something lengthy addressing the many things I find offensive about this post. But I'm going to keep this short as you have already expressed a complete lack of interest in hearing from anyone who might offer information from the perspective of success.

You started your own business, for which I commend you. You give no information but it sounds like you were under capitalized and when a downturn occurred you could not ride it out. Did you study what had occurred or did you just blame the downturn?

You stated that you bought bitcoin near the peak. Had you done any research on what bitcoin was and how market forces work or were you just being led by the hype?

And now you state that you don't want to hear from any of the successful people. You are demanding to converse only with the losers.

Are you seeing a pattern yet? Most successful people start off making a lot of mistakes. The key is they analyze what went wrong and learn from them.

BTW, you haven't lost any money. Losing money occurs when you buy high and sell low. Until you sell you have only lost potential and it makes no difference where value is at a given instance as long as you don't sell. I'd advise buying more when it is lower (now) but you've already said that you invested your 'life savings.' You might also want to analyze that decision.