I threw 30,000 into bitcoin last month. I'm hurting now. What can I expect?

About $20,000

I expect you to have an IQ below 100

Then you should have made over 15k profit.

it's extremely volatile right now and will continue to be. there's so much media buzz and hype at the moment, a 30% drop one day and rebound the next day is the norm. but the price trend is likely to continue up.

if it's 30k you can't afford to loose, GET OUT. you could get badly badly burned.

but if you can be patient, you're probably better off not even checking regularly. You might just make enough to help retire a little earlier.

Why not just put in the s&p?

Worried1 wrote:

I threw 30,000 into bitcoin last month. I'm hurting now. What can I expect?

You did not throw $30,000 into bitcoin last month and you wouldn't come here for advice. Just another Shill trying to get site hits. You got one from me, happy now?

Lies. If you put in $30k at November's highest close, you'd be up $15k today. If you got in mid-November you'd have doubled your money.

Your'e throwing in with 1880's Retro Japanese Racists if you adopt the Bit Coin mantra

Man up and ride the wave otherwise stay out of volatile markets that are basically gambling. I wonder how many of these bitcoin threads are real. It appears that there are large number of people attempting to time the market rather than making long term plays.

China RMB is destroying Bit Coin. Get out now. Or lose everything.

$140

BitBS wrote:

Worried1 wrote:

I threw 30,000 into bitcoin last month. I'm hurting now. What can I expect?

You did not throw $30,000 into bitcoin last month and you wouldn't come here for advice. Just another Shill trying to get site hits. You got one from me, happy now?

THIS^^^^^^ You are simply lying.

Most bubbles have a large drop before the true "burst". This drop may continue, but Bitcoin will likely rebound to new highs. These new highs are the time to get out before the real losses come fast and hard.

My advice: sit on your Bitcoin for now. New highs are likely in the future. Get out when those new highs are reached.

Worried1 wrote:

I threw 30,000 into bitcoin last month. I'm hurting now. What can I expect?

Just leave it there. Do nothing for now. Check back in a couple of years.

China has outlawed XBT exchanges.

Great things wrote:

Worried1 wrote:

I threw 30,000 into bitcoin last month. I'm hurting now. What can I expect?

Just leave it there. Do nothing for now. Check back in a couple of years.

He's going to lose it all. Profit takers, those way up on top, were smart enough to know how this closely resembled pyramid scheme works. Early or not at all.

Worried1 wrote:

I threw 30,000 into bitcoin last month. I'm hurting now. What can I expect?

1/10- Topic overplayed. Come up with new material.....

On November 27th, Bitcoin was trading around $6K. Today, it's at $15.2K.

Worried1 wrote:

I threw 30,000 into bitcoin last month. I'm hurting now. What can I expect?

If you threw 30k into bitcoin sounds to me you have a lot of disposable income. In that case you shouldn't be hurting, since it's pretty much like gambling. If you don't have a lot of disposable income and threw in 30k of your savings in it, congratulations, you are a sucker.

To me, this is a classic pump and dump scam and a lot of suckers will burn.

HANG TIGHT,

Just be patient. It will continue to rise, it always does.

HODL!!!!!

Do not sell. Bitcoin is highly volatile , it has lost 80% before and could again. But it WILL go back up. If it crashes again, BUY MORE.

It'll hit 40K by summer possibly 90K by the end of the year.