After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors

Wilson Grant Fisk

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Jr. VIP
Nov 10, 2012
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SAN FRANCISCO — Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter.

Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened.

“I got too caught up in the fear of missing out and trying to make a quick buck,” he said last week. “The losses have pretty much left me financially ruined.”

https://www.nytimes.com/2018/08/20/technology/cryptocurrency-investor-losses.html
https://www.msn.com/en-gb/money/mar...cryptocurrency-investors/ar-BBMdaGc?li=AA54rU
 
SAN FRANCISCO — Pete Roberts of Nottingham, England, was one of the many risk-takers who threw their savings into cryptocurrencies when prices were going through the roof last winter.

Now, eight months later, the $23,000 he invested in several digital tokens is worth about $4,000, and he is clearheaded about what happened.

“I got too caught up in the fear of missing out and trying to make a quick buck,” he said last week. “The losses have pretty much left me financially ruined.”

https://www.nytimes.com/2018/08/20/technology/cryptocurrency-investor-losses.html
https://www.msn.com/en-gb/money/mar...cryptocurrency-investors/ar-BBMdaGc?li=AA54rU
Where are all the cryptokiddies now, last year those of us who said it wont keep going up had " hater " and " you don't know anything, it will only go up ", now silence
 
He now understands the meaning of "never invest what you can't afford to lose". Crypto is not for everyone.
 
Where are all the cryptokiddies now, last year those of us who said it wont keep going up had " hater " and " you don't know anything, it will only go up ", now silence
You dont know anything as you are just a hater. It can only go up from here. Better?
 
I read something related to how there had always been huge correction after sudden growth today


The data below in bold is taken from that article :

Sudden growth in bitcoin prices followed by correction of months.
  1. 9x over 5 days in 2010 from $0.008-$0.08
  2. 10x over 5 months in 2010 from $0.08-$1
  3. 40x over 2 months in 2011 from $0.07-$30
  4. 14x over 3 months in 2013 from $15-$213
  5. 12x over 2 months in 2013 from $139-$1132
  6. 20x over 7 months in 2017 from $1,000-$19,800
Now the prices are again low and I see no reason why we will not see another or many such growth in future as well.
 
You dont know anything as you are just a hater. It can only go up from here. Better?
Oh that takes me back to before Christmas when I'd get alerts from the cryptokiddies, now their parents have seen their bank statements it's all gone quiet lol!
 
"Only invest what you can afford to lose" Simple, I made some money and lost few. But I can't complain as it is all part of investing. Although I invested most in Ethereums and believe it may recover in future.
 
"Only invest what you can afford to lose" Simple, I made some money and lost few. But I can't complain as it is all part of investing. Although I invested most in Ethereums and believe it may recover in future.
I didn't invest shit in crypto and got profits in the XX,XXX range dear from Airdrops and some bad dog actions back in November. It's sexy sir and tbh I don't understand all these normie seo elephants hating on crypto. One guy wrote it here before and me remembered it woof:

"Opportunist - One to whom it doesn't matter whether the glass is half empty or half full, he just grabs the opportunity and drinks the water."
 
I put in quite a large chunk in bitcoin at its peak and got a big loss. However, I've made it all back in my business. Lesson learnt.
 
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