Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | RC4 Testing
by
thunderdrum
on 26/07/2014, 22:50:59 UTC
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!

If you don't realize what's around the corner then please sell right now and realize your loss.

Lol  - panic makes me laugh at all the weak.

I've lost almost HALF my money, fuck you you prick! You laugh at that? What a fucking asshole.

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!!!  Smiley

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 --

 You are great  Wink