LOL - thanks for the chuckle (intentional or not).
You bought at one of the worst times ,, the price was at its highest and has had a few setbacks since then but the price is slowly rise again and i sure we will see the $1000 Bitcoin again this year . I too bought about $1000 of Bitcoins in Sep 2012 and at the time my girlfriend was not impressed with my decision,, we split up over it but looking back now with hindsight it was the best thing i have ever done.. it allowed me to quit my job and buy my home with cash.. Its not a "gamble" when you buy bitcoins, its a Speculation on the future of the market like Share prices in companies they can rise and fall but they generally rise over time,, Bitcoin is the same, except its a lot more volatile my BTC wallet value can rise or fall by $2-3000 USD in the space of 24 hours. The way i see it,, ,, There are too many Companies and very wealthy people now who have invest a LOT in the BTC system and they will not let it fail,, Bitcoins ATMs are opening around the world.. more big name companies are starting to accept Bitcoins. Bitcoins will never replace the Dollar as a currency but they will become the new basis for internet financial transactions,, i think this is why Apple and Paypal both see Bitcoin as such a threat they they have tried to distance them selves from it.. My advice ,, join an instant exchange "localbitcoins" is very good and fast.. and trade your coins,, sell a few of your coins for a fair price and then replace the coins sold with more,, if you watch careful you will be able to replace your current wallet with the same number of coins at end of the day AND still have profit spare from the days trading,., Ive been doing this for the last 9-10 months and i would say 95% of the days ive done it , ive made profit on that day! Im not a profession trader, i left school at 17 no qualifications but i watched and taught myself its not hard and you could easily get your money back on your $1000 investment AND bring a profit in within weeks! Good Luck!
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Bitcoin isn’t an "investment". It is a gamble. They have no value on their own. You are hoping that for some unknown reason, the trading price will go up instead of down, and that you can outguess the public and sell at the best price.
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They have filed for bankruptcy and some Countries are ruling that they are not currency at all so watch it die. It was used for a lot of illegal deals in order to hide the identity of the money and used a lot by criminals for money laundering. I do't think you will see anything other than a total loss.
Bit coin just lost billions of dollars of customer money. This ridiculous experiment is over. It will not be going back up.
Yeah, there are a LOT of dummies out there in the world besides your wife.
Newbies should start here - http://www.freedailycoins.com and work up to the big boys
I bought back in November at a little over $1,000 and have been averaging down ever since. I am out of money to average down any more as I have sold all of my stocks and mutual funds and maxed out our credit cards. I am considering a refi on my house, but I just know my wife is going to overreact when she finds out how much in the red we are right now. She just doesn't understand how to invest because she's not as smart as me.
