Quote from: bastilar on June 12, 2014, 01:31:12 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

Invest in the long term. If you really believe in bitcoins, you should actually hold it out for years until the world adopts it. That's the "gamble" or "speculation" many of us are banking on.

Gold and silver were in similar situations up until 2000ish. Then it went from 200-300$ to almost 5 times that 10-11 years later. But it did just basically sit there for almost all that time.

With that said, I was foolish like you and invested money I couldn't afford on other investments (stock options, calls puts, ponzi schemes ,etc).

Everyone goes through that get-rich quick scheme phase. Hopefully you take this as a lesson and get a job/start a business.

It's best to make these kinds of mistakes now while it's still small and you have time/youth to recover.

Don't hammer yourself too much.

2-5 years is also pretty quick to be rich. Shorter than that is very very hard. I would not suggest ponzis.