Bitcoins will raise again

Kingsleydr:
Remembered I wanted to buy 2 btc @The rate of $16200 each earlier this year or late last year or so ... Lol .. I for don go dark by now...

people still bites their fingers with regrets till date. Those who lost hope has sold theirs at 300% lost after hoping it will rise again but keeps falling. It's a worst year for crypto traders

Tomoyayi:


People that have their money stuck nko.
Mr know it all, you're the one that needs to be enlightened.

Seriously, some people's naivety is out of this world. True true, dem no dey learn commonsense for school. My dear, abeg free that dude. You don't want to be dragged down to his level of "wisdom".

Nothing can be truer, i lost over $5,000 in it this year

Kingsleydr:
Remembered I wanted to buy 2 btc @The rate of $16200 each earlier this year or late last year or so ... Lol .. I for don go dark by now...

the best time to buy is now when the market has lost more than 80% of its value..... But funny enough this is when inexperience investor will run away ,its sweet to buy now,cryptocurrency has come to stay,the government and the world financial organisation and institution Dont want it because transaction can rarely be monitored. And cryptocurrency has become a store in value....

Asour:

But there are no 'certified financial advisors for cryptocurrency' as it is a burgeoning technology with substancially unproven capacity.

"understand what you wanna put your money in"?

No one can yet claim to have any substancial knowledge of how the tech would turn out. At best what you'll find are chronic speculators that scored net wins'

Sir! There are certified financial advisors in the crypto line. You'll be so amazed to know a 17 year old Brit is one.

As for you to understand what you wanna put your money in, what I mean by that is that your should decide if you wanna be an investor or a trader before going into crypto.

ttmax09:
Don't mind them most are carrying the get rich quick mentality upandan. They are not there for long term investing

if most of these guys understood the difference between investing and trading, I bet they would hop for the latter.
That's a typical naija mentality sha....

Tomoyayi:
I kukuma talk am buh trust some Nigerians, dem sey wetin I sabi.

That was a wonderful story.

igbodefender:

You consume Coindesk content.

Coindesk content? FYI I don't do cryptocurrency. Even if I were into it, I wont loose my money. It is very alarming that people who are heavily invested in BITCOIN know next to nothing about financial markets and how to use chart whether Japanese candlestick chart, renko charts. Guys who Invest million into BITCOIN but have no idea how to read the market and use technical indicators to support their decisions. It is very sad. However, one thing BITCOIN traders or investors should console themselves with is the fact that their coins still remain intact, it is the value of the coin that has drastically nosedived. A good news for example of a big company or a Central Bank of a big country adopting BITCOIN could send them coin to at least 6000 dollars. Another good news might get it to 10000, at this level smart guys who can read and interprete chart or who have someone like me as their financial advisor could have raked in profit before another bearish trend sets in.

Be it forex, equity, indices, metal, cryptocurrency trader, speculators, you just must be able to read the chart and Interprete it very well. People bought BITCOIN in 2016 and 2017 and made profit but didn't care to learn and study the market. They refused to educate themselves on the basics of trading. If they had, they will know that the market is on a perfect downtrend and will inform them to exit market and wait for a reversal before taking positions or at least mad money on the bearish market by selling on metatraders.

For those saying BITCOIN is scam, I have nothing to say besides the fact that may be gold too is scam. Common people fail to come to the knowledge that even a paper can be worth billions. A piece of old scroll can be worth a fortune. It is the value placed on it by people that made it worth that much. Gold used to be a medium of exchange before the dollar. If the value placed on bitcoin January 2019 is 4000 dollars and may be just may be, favourable news, favourable investors sentiments, higher liquidity and inflows hit bitcoin and create a high demand, this may force the value to hit another record high of 30,000 dollars, then believe me, if you are heavily invested in BITCOIN January, you could triple, quadruple your investment over a period of months or years.

Osahon7:
Bitcoins will raise again

That's when investors are gonna bag massive profit.
I wish all these quick rich guys knew this.

it was good until Nigerians hopped in. anything naija enter must spoil

I know that many of us here have been looking forward to being proven right about crypto and they are largely right that its a risky investment, but as for bitcoin, it depends on when you bought bitcoin. Most people forget that bitcoin really went crazy in the last three months of 2017. Those that bought bitcoin before August 2017 have still not lost even with all this dump. Infact they are still in green. Bitcoin was still around 2500 until July 2017 and its has still never gone down to that. Those that even bought further back in 2015 and 2016 are still in huge gains. Some people have been talking aboout bitcoin since 2012 in Nigeria. Crypto is still a very risky investment though and people should look at more stable investments like real estate especially those that dumped all their money on crypto.

SmartMindsFx:

That's when investors are gonna bag massive profit.
I wish all these quick rich guys knew this.

Boy stop gingering yourself and giving yourself hope. Bitcoin is a thing of the past. Prices will continue to drop. There is no shortcut to making "quick" money. Money that didn't come for your sweat. You just sit and watch your money grow without putting effort? It won't last. Same way una do stronghead for mmm. Nigerians are too greedy.

ChiefAzubuike:


Boy stop gingering yourself and giving yourself hope. Bitcoin is a thing of the past. Prices will continue to drop. There is no shortcut to making "quick" money. Money that didn't come for your sweat. You just sit and watch your money grow without putting effort? It won't last. Same way una do stronghead for mmm. Nigerians are too greedy.

. I dont disagree with your comment except the last statement. Nigerians are no where near the top bitcoin investors in the world. Infact, many poorer countries have more investors that Nigeria. Nigerians always like to insult ourselves and project the worst in fellow countrymen. The whole world is greedy. Have you seen wall street?. Stop this hell fire portrayal of Nigerians always. We are nowhere near the worst in most things.

Aye mi!...$3800 ke...last time I paid attention to it,it was valued at $19,000

helinues:
Yes oo.. Worst investment

@ 17th of Dec 2017, btc hitted $17,000

Today's current price is $3,800.

I was never moved when the price was skyrocketing, I got the warning earlier so I just overlooked. Gambling has not really be my thing.

Lucky me..

see them celebrating what they dont know


99% of the people cant even buy one bitcoin
smh
so much for a failed investment
anyone who bought bitcoin and kept is a newbie and not an investor

same while JJC were holding btc looking for money

smart traders when shorting it on Exchanges and making millions
but people will just come here and start talking about what they dont know
bitcoin was not an investment, it was an e-currency

Kuwaitboy:
I know that many of us here have been looking forward to being proven right about crypto and they are largely right that its a risky investment, but as for bitcoin, it depends on when you bought bitcoin. Most people forget that bitcoin really went crazy in the last three months of 2017. Those that bought bitcoin before August 2017 have still not lost even with all this dump. Infact they are still in green. Bitcoin was still around 2500 until July 2017 and its has still never gone down to that. Those that even bought further back in 2015 and 2016 are still in huge gains. Some people have been talking aboout bitcoin since 2012 in Nigeria. Crypto is still a very risky investment though and people should look at more stable investments like real estate especially those that dumped all their money on crypto.

How people will dump money into what they do not understand still baffles me. First law of trading is dont invest money you can't afford to loose. No education at all. They are many in my office. They don't know anything. I mean, ask them what is support, resistance, trend, uptrend, downtrend, bull, bear. They don't know. Now crying over lose of value in BITCOIN. Praying and hoping for a bullish market, a prayer which may never be answered and even if it is answered, they do not have the necessary knowledge to know when to take profits and run.

BITCOIN is like gold, silver and other instruments like currencies, indices. They rise and fall in value due to market force and demand and supply. Bitcoin is not fixed asset like land that indefinitely rise. Even land and real estate fall too. Ask those who have land in Borno,Kaduna during religious wars, even Abuja for those politicians that use stolen funds to build houses. You speculate and take positions based on clear cut strategies informed out of technical and fundamental analysis. If you want investments, do tbills, money market fund, fixed deposit or buy land. Even those too have their risks. Peace out

Going through the thread I noticed ...1) a lot of people just heard bitcoin and equated it to mmm and other ponzi...2) and anot3her sect saying they lost...well as the adage goes you only loss in trading when you sell..so if you bought bitcoin at say 6k $ and went to sell at 4k $who is to blame? Your village people?what are you doing in a market you don't understand? You should blame your greed and get rich quick mentality (so they can oppress with big cars and mansions) and not a market you didn't take time to study and understand...
For all those talking trash out of ignorance....hope you keep watching from the side lines as digital money replaces your fiat.

maryjames9:


How people will dump money into what they do not understand still baffles me. First law of trading is dont invest money you can't afford to loose. No education at all. They are many in my office. They don't know anything. I mean, ask them what is support, resistance, trend, uptrend, downtrend, bull, bear. They don't know. Now crying over lose of value in BITCOIN. Praying and hoping for a bullish market, a prayer which may never be answered and even if it is answered, they do not have the necessary knowledge to know when to take profits and run.

. You are talking like a very experienced day trader. Hahaha. Many day traders lost nothing in crypto. Infact I am surprised that some are still trading and making profit in this market. Never go into something just to join the bandwagon. Study hard first. If not, you will lose massively.

Fsekillmonger:
Going through the thread I noticed ...1) a lot of people just heard bitcoin and equated it to mmm and other ponzi...2) and anot3her sect saying they lost...well as the adage goes you only loss in trading when you sell..so if you bought bitcoin at say 6k $ and went to sell at 4k $who is to blame? Your village people?what are you doing in a market you don't understand? You should blame your greed and get rich quick mentality (so they can oppress with big cars and mansions) and not a market you didn't take time to study and understand...
For all those talking trash out of ignorance....hope you keep watching from the side lines as digital money replaces your fiat.

. Those are the ones that were bitter seeing people making money last year and secretely hoping to be proven right so when it dumped they were very happy. You know that in Nigeria, people want others to fail even if the failure will not benefit them.

maryjames9:


Coindesk content? FYI I don't do cryptocurrency. Even if I were into it, I wont loose my money. It is very alarming that people who are heavily invested in BITCOIN know next to nothing about financial markets and how to use chart whether Japanese candlestick chart, renko charts. Guys who Invest million into BITCOIN but have no idea how to read the market and use technical indicators to support their decisions. It is very sad. However, one thing BITCOIN traders or investors should console themselves with is the fact that their coins still remain intact, it is the value of the coin that has drastically nosedived. A good news for example of a big company or a Central Bank of a big country adopting BITCOIN could send them coin to at least 6000 dollars. Another good news might get it to 10000, at this level smart guys who can read and interprete chart or who have someone like me as their financial advisor could have raked in profit before another bearish trend sets in.

Be it forex, equity, indices, metal, cryptocurrency trader, speculators, you just must be able to read the chart and Interprete it very well. People bought BITCOIN in 2016 and 2017 and made profit but didn't care to learn and study the market. They refused to educate themselves on the basics of trading. If they had, they will know that the market is on a perfect downtrend and will inform them to exit market and wait for a reversal before taking positions or at least mad money on the bearish market by selling on metatraders.

For those saying BITCOIN is scam, I have nothing to say besides the fact that may be gold too is scam. Common people fail to come to the knowledge that even a paper can be worth billions. A piece of old scroll can be worth a fortune. It is the value placed on it by people that made it worth that much. Gold used to be a medium of exchange before the dollar. If the value placed on bitcoin January 2019 is 4000 dollars and may be just may be, favourable news, favourable investors sentiments, higher liquidity and inflows hit bitcoin and create a high demand, this may force the value to hit another record high of 30,000 dollars, then believe me, if you are heavily invested in BITCOIN January, you could triple, quadruple your investment over a period of months or years.

Some one who at least understands the subject matter and how financial markets work...thanks for the brief

Be fearful when others are greedy.

Be greedy when others are fearful.

The best time to sell was when uber drivers, bricklayers, students, Nairalanders, mama Nkechi etc started talking of bitcoin as the best investment in the world.

The best time to buy is now when the aforementioned people are crying that they have lost so much from bitcoin.

In 2013, bitcoin fell from $1200 to $72. Then it rose again to $20000. It's now $3000, so the choice is yours.

Kuwaitboy:
. Those are the ones that were bitter seeing people making money last year and secretely hoping to be proven right so when it dumped they were very happy. You know that in Nigeria, people want others to fail even if the failure will not benefit them.

So true my brother...typical Nigerian n.a. crab mentality

It is also important to distinguish between an investment and speculation.

When you buy an asset with the hope or belief that you would sell it to someone else for a higher price, that's speculation.

When you buy an asset with the hope or belief that it would give you regular cash flow, that's an investment.

Speculation: Bitcoin, Land, Forex, Stocks

Investment: Personal business, treasury bills, building for rent,

Is that so? Well personally, I don't think so
https://www.over150dollars..com

Still have 600k hanging right now
I just hope this year will be a good one by Q1

Ubdavis:
After MMM baptism of fire, I made it unequivocally clear that I MUST, i repeat, MUST never ever cut corners to achieve wealth. I pledged that I must pass through socially and institutionally approved ways to make my money, and I did not disappoint, neither will I disappoint.

my bro mmm get help thought me a bitter lesson now wen I see these things I want to d logic of hw d money ll come...sometimes ago a bastard added me on facebook telin me they can flip my cash from 10 to 30 I laugh and pass cos he couldn't explain logically hw possible...with all dis money we are losing if dis guys can put up something like a cash bank give to pple with business ideas to trade I mean trade it's better...today our football league need investment yet we de troway money mtcheeew

Ubdavis:
After MMM baptism of fire, I made it unequivocally clear that I MUST, i repeat, MUST never ever cut corners to achieve wealth. I pledged that I must pass through socially and institutionally approved ways to make my money, and I did not disappoint, neither will I disappoint.

Bros, keep up with your resolution o.
I just decided to break my own this month,
And I have 120k stuck in the air as I speak.
Its sad

I have been rekted by bitcoin investment, Can't meet some basic needs. currently doing bounty and airdrop. Am ready if you are willing to tip me few satoshi or few ethereum. Thanks.

BTC address: 1FH1k6nno2JyyQZaS1gEGx8aChsz4tbzBF

Ethereum: 0x7Ee2391B657189e2F55965dBcBE2F959717F959B

I hope the bull run comes next year so I get on my feet through bounties.

ChiefAzubuike:


Boy stop gingering yourself and giving yourself hope. Bitcoin is a thing of the past. Prices will continue to drop. There is no shortcut to making "quick" money. Money that didn't come for your sweat. You just sit and watch your money grow without putting effort? It won't last. Same way una do stronghead for mmm. Nigerians are too greedy.

Dont mind dem, all i see is "get rich quick syndrome" amng Nigeria youth... Its neva gonna rise again

Some comments are quite funny.

The so-called "worst investment" made some of us the most money even in this year-long bearish market.

Like they say... If you know, you know!