Quote from: DRKLord on July 26, 2014, 12:12:25 PM

Quote from: ExpedientSlush on July 26, 2014, 12:54:22 AM

This is the worst investment i ever made its done nothing but slowly bleed to death ever since I bought it. The worst part is that I listened to all the people saying hold, now I feel like a fucking fool and hate myself for not selling sooner. God dammit! Angry

IM SUCH A FUCKING IDIOT!

Your first major newbie mistake was investing your ENTIRE $3,000 all at once... you never looked for a good entry price, never did any dollar cost-averaging or did anything sensible here... I doubt you've ever traded a stock or any financial security in your life, and probably did about as much research as a 3rd grade book report.

My friend and I have invested about $8,500.00 USD into DRK since before the last hard fork failure (past 2 months). We started buying DRK above 0.02 BTC. But you know what? Our losses so far are completely manageable and we're not worried one bit. We only purchased small amounts at 0.02+ BTC, and as the price has fallen we've progressively purchased larger and larger amounts, continually averaging down our average unit cost per DRK. And I'm buying every last DRK I can get my hands on near the 0.01 BTC level... this price point feels like the bargain of the century on the eve of RC4.

Your second newbie mistake was investing $3,000 into ANY crypto-currency, especially since this is a lot of money to you and you say you're "poor". If you're poor you never should've bought ANY coin, much less $3K worth. You never invest what you cannot afford to lose in crypto-currencies... that's just completely asinine, especially if you have no clue what you're doing and zero trading/financial experience...

Your third newbie mistake is ignoring the fundamentals and the huge, market-shaking changes coming to DRK with RC4. Have you paid attention to Evan's posts about Darksend+? The code audit by Kristov Atlas? The huge wallet/UI overhaul that I am working on? Or any of the other dev updates? Obviously not.

Your fourth newbie mistake is going to be panic selling your DRK now around 0.01 BTC just before it whip-saws up to 0.05+ BTC after RC4... that 260-ish DRK you bought for $3k would probably rake in over $7,800.00 for you if you just held it. But you're going to be regretting panic selling every day of your life as DRK rises to $30.00, $50.00, $90.00, $125.00, $200.00, and on and on and on... eventually it'll be trading at 1.5x to 3.0x the value of 1 BTC...

Your fifth (but probably not your last) newbie mistake is NOT BUYING MORE DRK NOW and averaging down your avg. unit cost per coin!!!

Sorry your first brush with crypto trading has been rough, but you need to learn how to manage your money and think things through...

-- The DRK Lord --

+101

EDIT:

Quote from: DRKLord on July 26, 2014, 12:39:47 PM

I'm working really, really hard to complete this wallet overhaul in time for the big RC4 release and trying to coordinate my work with Evan so we can make it happen. We still don't have any concrete release date, and I'd be lying if I tried to give you one. But if I had to make an educated guess, I would say that seeing RC4 within another 2-4 weeks is possible. Again, that's just a guess based on where I'm currently at and where Evan, flare and the other devs are at with their workload. It could, with any luck, come sooner... and if things get delayed it could be later. So please take my guess for what it is and don't bet any money on it! Wink

Also worth mentioning is that the new wallet software will indeed include a feature to automatically convert payment amounts from DRK, BTC, fiat, etc. Need to quick-send your friend $50? No longer will it be necessary to minimize your wallet, open a calculator, check prices on exchanges, do the math yourself then copy+paste the correct amount of DRK into your payment form. You can simply select "USD" from the combo-box, enter a value of 50.00 and the wallet software will calculate the correct amount of DRK for you. When you click the "Send" button a small confirmation window will pop up and say something like "You are attempting to send 7.14 DRK ($50.00 USD) to [recipient]. Is this correct?" and there will be a "Confirm" and "Cancel" button. That way it will help you avoid any mistakes you may have made if you, for example, forgot to select the right thing or entered the wrong amount.

I'm doing everything I can think of to make the new Darkcoin wallet a self-sufficient piece of software. Current crypto wallet designs require too much switching to other applications and tools to check things, convert prices/currencies, copy+paste addresses and data, etc. I'm trying to eliminate all those extra complications so that you can figure out everything directly from your wallet without switching apps to improve your personal workflow and reduce the amount of mistakes you make with transactions.

+101 + 1