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Turning $1,000 into $83.4 - Mother of negative ROI

Discussion in 'BlackHat Lounge' started by virtualhacker007, Jan 14, 2015.

  1. virtualhacker007

    virtualhacker007 Jr. VIP Jr. VIP Premium Member

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    About 6-7 months back, I purchased $1,000 worth of Crypto Currency, Litecoin (LTC) to be precise.

    Investment Amount: $1,000
    Price per LTC at time of purchase: $14.2
    Price of LTC at this moment: $1.18
    Total LTC Purchased: 70.4 LTCs

    Do the rest of the calculation. I am currently laughing at my luck, never had success with Crypto Currency, but well, this is an experience. :D
     
  2. SeanAustin

    SeanAustin Power Member

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    It's only loss once you sell them. When them being that cheap, hold on to them and see where it goes. There's still a good chance they rise back up to where they once were.
     
  3. DenisK

    DenisK Registered Member

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    That is very unfortunate,

    LTC dropped 90%+ since a year ago. Bitcoin price has halved since just last week.
     
  4. lord1027

    lord1027 Elite Member

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    There's no point in selling them now, you'd be better keeping them and see if they ever come up again.
     
  5. remshavin

    remshavin Regular Member

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    Bro,can you post a tutorial on how to buy crypto currency?
     
  6. brightmedia

    brightmedia Newbie

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    Its the way it goes and yeah u got unlucky.
     
  7. DFWi Reaper

    DFWi Reaper Regular Member

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    I almost bought 1000 BTC when they were at ~$1

    I hate myself more xD Just hold on to em mate, they'll go up.
     
  8. dennica

    dennica Jr. VIP Jr. VIP

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    Wow..

    Thats a huge drop...

    How bout you start buying now?

    So that you can make money when it rise again :D
     
  9. Jared255

    Jared255 Jr. Executive VIP Jr. VIP Premium Member

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    Why would you say there's a "good chance"? They have done nothing but drop for over a year, and they will continue to drop. In fact, bitcoins dropped by $60 in the past 24 hours.
     
  10. qrazy

    qrazy Senior Member

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    If you're thinking of long term and have some extra cash and of course if you have any hopes on LTC, start accumulating more coins at these lower prices.

    Say(just an example) if you invest another $1000 to buy LTC now, your average price per LTC would become roughly $2 instead of your original price $14.2(and so on based on the quantity you accumulate at lower prices). The chances of it moving from $1 to $2 are slightly easier and more probable than it moving from $1 to $14.
     
    Last edited: Jan 14, 2015
  11. dondada7

    dondada7 Power Member

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    Hahah I couldn't live with myself if that happened
     
  12. TeKn1qu3z

    TeKn1qu3z Jr. VIP Jr. VIP Premium Member

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  13. FatBlack

    FatBlack Registered Member

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    I am still sitting on about 50 LTC and a few BTC. I bought some pretty early and mined heavily for half a year. If I sell now I would also be on negative ROI, but I will just hold them and hope they go back up.
     
  14. virtualhacker007

    virtualhacker007 Jr. VIP Jr. VIP Premium Member

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    I won't be selling it. To be honest I actually forgot that I even purchased them. Recently read about crypto currencies going down like there's no tomorrow, so decided to check my account.
     
  15. angela p 32

    angela p 32 BANNED BANNED

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    Your are too unluck mate.
     
  16. SilverKnight

    SilverKnight Power Member

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    Similar situation here. $1050 investment down the drain. But in my case, its Bitcoin.
     
  17. spasovski

    spasovski Regular Member

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    I remember those days when a guy at DigitalPoint wanted to pay me in bitcoins for my web design service. I charged him $300 and he wanted to give me 300 bitcoins instead. I said I want real money bro not some digital currency shit haha
     
  18. asunshine

    asunshine Newbie

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    I already dumped all my litecoin at price $19, and I am suprising you still hold it.
     
  19. charlieq

    charlieq BANNED BANNED

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    Why the hey did you hold these LTC for so long just watching them drop into oblivion?
     
  20. vortez

    vortez Junior Member

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    that's a bad thing to happen, I don't think that these online currency it's a good investment because they fluctuate a lot..