BITCOIN FAILURE STORY

I bought 0.02901588 BTC at 8000/- INR on 19th September 2017

A friend of mine suggested to invest in Bitfinex and hence I transferred the bitcoins to Bitfinex wallet.

With the transaction fees deducted, I got 0.027981 BTC in my wallet which was around $109

I did a margin sell at $3900 expecting the price to drop but it started raising and hence I closed the position at $3945 with $1.28 loss.

I took another risk and did a margin sell at $3909.7 and again, the prices started raising. I held my nerves this time and did not closed the position and went for a trip. While I was enjoying my holidays, the price went so high, that the bitcoins got liquefied and I had to bear a loss of $46.49

The price was at the peek at $4613 when I finally thought, this is it. Its going to come down quite drastically and I will earn all my lost money. So, I did one more margin sell at $4613.

Hmm…. The BTC reached all time high breaking all records and went to $5385 and again, my bitcoins were liquefied for which I had to bear $14.86

So, well, right now, my balance is just around $21.

I failed! I failed drastically! May be its not my cup of tea. Or may be I lack the knowledge. Or may be its my bad luck. Or may be I was not dedicated. Give it any reason you want. I failed and that’s it.

I have decided to keep the bitcoins as it is. I am not going to do any transactions with that $21. Just NO!

Its a seriously risky trade and you should be too much involved into it to make $$$ else, you might end up having your own version of sad story!