thanks...
but
I am still unclear
Does this mean that of the funds you have "lost"
25% buying high/hypothetical losses = So this means you have not actually lost anything with this 25% then ? ....yet and you say that part of the 25% was hypothetical i.e trades you could have made if you had perfect prevision?or were trading with hindsight? (which means that you did not actually lose anything there either?
25% bad trading - does this mean that you consistently nipped away at your net worth through bad trades? (did you keep buying high and selling low?) or did you make leveraged losses (or both?)
Also of the money you have lost that only cover 50% how did you lose the other 50%?
Also it does make all of the difference... it is the difference between saying "Bitcoin, will lose you money" and "I made some bad decisions/had bad luck trading Bitcoin" with the latter statement you could replace Bitcoin with "gold, silver, forex, stocks, etc etc i,e any trading instrument" and with the former, you are making a statement regarding Bitcoin itself.
You make the statement about loss of confidence in the Bitcoin market, is this a personal statement?
Having bought BTC a fair time ago... and held all the way through several previous rallies, and during ath and continuing to hold today, I would say that my confidence in the Bitcoin market is stronger than ever before... for many obvious reasons... I for one am experiencing no such loss of confidence...
May I ask have you experience in trading pre Bitcoin? short term trading or mid term trading?
Empowering:
approximately when did you start buying BTC, and approximately what is your average per BTC buy in cost (including any admin/transaction fees)?
your avg price is more interesting Jay, you bought your first coins of local bitcoin higher then 1000$ right?
Thanks for your interest.
My first 1.24 coins cost me $1,500 through Localbitcoins in late November 2013 (which was at $1200 per BTC). Thereafter I was buying in fairly small increments for the next several months, and I ran out of fiat a few times when the prices were lower (such as in the $350s). My average price per BTC including administrative / and transaction costs is currently at about $605.
I did have my average cost per BTC down to $595, but then I got a bit excited in the recent $600s in part due to extensive amounts of fiat coming into my bank account (around that time - mostly in June and July).
Due to the quantity of my current BTC holdings, I am fairly doubtful that I will be able to bring my average price per BTC down very much in the near future, and I am anticipating some bring my average price per BTC down to be possibilities when BTC prices cross above the trendline or at minimum when BTC prices cross at least 20% above my buy-in price.