Originally Posted by LoneWolf:
Nobody will admit to losing money. That would ruin the narrative.
Bitcoin is the best thing thats ever happened to me. Just had to have got in on it early. I wish I would have put everything I owned in it when ppl I trust were touting its praises. Early on it was $500 to $600 and I had an opportunity to really really acquire a bunch of it. I just didnt get enough. [Reply]
Originally Posted by lewdog:
7319 Bitcoin
146 Ethereum
45 Litecoin
It’s been extremely volatile since day 1.
In retrospect, the futures trading and major investment groups have influenced the market of crypto heavily. The day the futures trading went live, the price dropped abruptly, meaning they “bet” on the price dropping in the futures market and then sold off all their coins to ensure the price dropped. Quite brilliant, really. It also makes me think the opposite is likely to happen as those same firms will likely buy at much lower levels in hopes of creating a similar run with similar profitability by buying low and selling at higher levels again. I’m not sure abou that though because I’ve been out since early 2018.
I’m glad I followed cointelegraphs recommendation for stop losses, because I got out in stages. Say what you will about them. I made a lot on their recommendations. [Reply]
You can also follow my posting on here of when I bought into ethereum (which is mostly what I bought in crypto) and most of it was bought when it was between 100-250 per coin. Overall, I invested all of my mileage reimbursement checks from my promotion totaling about 4600. That’s it.
The first stop loss cointelegraph suggested was on January 12th and I was holding 28 coins. I sold off 10 of them for $12,395. I’ve provided a pic to show that.
Shortly after, I moved the remainder of the coins to GDAX (for lower fees) and sold off another 5 of the coins as soon as it fell below 1k per coin. That transaction was for 4760 for 5 of the remaining coins. Just those 5 coins recouped my original investment.
I sold off the remaining 13 coins on 8/11/18 when they fell below 300. After fees, I got 271 each for those.
I never invested after that.
So, total for me was investing 4600 and I’ve withdrawn
12,395
4,760
3,535
I’d provide proof pics of the last 18 coins, but those were on GDAX and I can’t find a spot on my transaction history on there that I could easily snap a screen shot and post it.
It was a cool ride that was a lot of fun.
Now that the prices of ethereum has dropped again, I’ve thought of buying a little in case it goes back up, but after the crash after the futures trading sell off, I’m very leery about putting house money back in the pot.