Am I screwed? | Bitcointalksearch.org

Ranly123

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

You sold at $7550? So when did you buy? If you buy lower than $7550 then your are doing great. But if I were you, I would have still hold my coin and wait even until $10k for sure higher profit.

Searing

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

Maybe screwed. Sad

I sold 13 BTC at $3,965 USD price and watched it go down to $3,200 or so Bitcoin. Was feeling pretty good I got out at that price when I saw that. Er..not so much now. Sad

I managed to sell some equipment and get 3 BTC back, but I'm 10 BTC down that I will be unlikely ever to recover. Them's the breaks. Bitcoin: You merciless bitch!

I'd say the odds of Bitcoin going down to say $7,500 are about the same odds as Bitcoin going to over $30K.

Both are longshots indeed.

I only seem to get into trouble with Bitcoin since 2013 when I SELL, you'd think I'd figure it out by now and just go f*ck and go for it.

Triumph or Tulips!

(should be my motto) and then just forget I own Bitcoin for the next 5 years.

So the key here in HODL'ing is to call all this 'excitement' rather than 'stress' on the usual month by month Bitcoin drama of fud/price/fakesatoshi and the usual.

See, whee...exciting

Ack!

Brad

kisfoxs

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If you buy $7.500 and you sell now the profit you get is definitely great. We know today Bitcoin is at a price of $11.238 and from this, it can still go up. I suppose you bought Bitcoin in a few months ago when Bitcoin conditions would grow. I guess now you won't be messed up because of the considerable gains.

Thirdspace

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

think positively, you should say it to yourself that you took profit @7550 instead
that will increase your confidence to re-enter and buy back some bitcoin
hoping to get price back to ~$7000 is way too much, I was hoping the same thing too
if you want to buy back, perhaps around ~$10k-11k would be a good re-entry point
but don't take my word on it, making investment decision should be based on your own research

Caladonian

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Quote from: rdluffy on July 03, 2019, 09:56:26 PM

If you make a strategy, define some buying and selling points and you can make some money
If you sell at 7500 and buy again at 11.9k, and sell again on 13k, you'll make profits

But first make you plan, maybe you prefer to accumulate coins and not fiat

From that view, sorting and riding with the rise would be great as long as you are getting profits even in a small form it will still be profitable, you have to set up your plans and you need to handle the risk and pressures when things slightly differ from your plans.

This market can be friendly to those who understand the drill,, but for those who's not going to be able to make a good use of it, things can ruined and messed you up.

FlightyPouch

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Quote from: ?? on ??

Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

you are not screw, maybe you can wait until the prices are higher than $ 7500 and you can wait for bitcoin to get to the position of $15k and be able to profit for you

What? What do you mean? He said he sold his btc at $7550, that means he has the fiat, not the btc. I think it is better to wait for now than to invest again since that will make you lose more. Wait for the fall or maybe put that into other altcoins that might pump. You might want to analyze some price charts so you can get back some losses.

Getmon

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The post is not clear. If you were able to buy around March of this year, then you are not totally screwed. You have made a good deal of profit in just a matter of weeks. But then if you bought it when its price was above your selling price, then you are definitely screwed. But I guess you would not be selling without having made some nice profit. Perhaps you think yourself screwed because you didn't catch the more aggressive rally. You might want to catch the upcoming rise, hop in!

Vishnu.Reang

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

You had a chance to cover some of the losses when Bitcoin went below $10,000 per coin for a brief period of time. And that happened when some of the users decided to go for profit booking. Now the chances of such an event repeating looks very slim. Right now, the prices are inching closer to 12K, and this rally should take the exchange rates to the vicinity of 20K-25K by the end of this year. If you want, you can buy back your coins at 12K. To be honest, now it looks very unlikely that you'll get a chance to make purchase at 7.5K.

rdluffy

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If you make a strategy, define some buying and selling points and you can make some money
If you sell at 7500 and buy again at 11.9k, and sell again on 13k, you'll make profits

But first make you plan, maybe you prefer to accumulate coins and not fiat

enogheghase123

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You not screwed you only made the wrong decision and probably sold outta panick, before you take another step to either jump in now or wait, I would urge you to carry out a research on bitcoin and know what it really is before you decide because if you really have a detailed info on bitcoin you wont have sold at 7550usd, waiting for bitcoin to go back to that price is like waiting for a plane in a sea port.

philipma1957

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

yep. at 7550 you decided your dick could reach your ass and you fucked yourself. Grin

A little joke for you to gain some prospective.

Truth of the matter is If you bought 10 coins at 3100 and sold 10 at 7550 you made 44500 never knock a profit bro.

Some info on bull run selling.

sell 10% at a level
say 1 of your 10 coins at 7500 plus. 9 left 31000- 7500 = 23500
say 1 more at 8000 plus --------------8 left 23500- 8000 = 15500
say 1 more at 8500 plus --------------7 left 15500- 8500 = 7000
then 1 more at 9000 plus--------------6 left 7000- 9000 = 2000 up on original 10x 3100 coins
then 1 more at 10000 plus -------------5 left 2000+10000 = 12000 plus

you would be 12000 ahead with 5 coins in hand.

bull run selling is easy. ups and downs and bear markets are a bitch.

Oceat

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Quote from: seoincorporation on June 25, 2019, 11:36:43 PM

You have 2 options, wait some months for the crash or buy now and sell them at $15k Wink

The crash? Hilarious. Based on current events, BTC will continue rising in price over time breaching its old ATH and reaching a new ATH and will stabilize itself unless something crazy happens which is why your prediction that it will crash is pretty dumb in my opinion.
[/quote]
I think he had some points there because i believe it will gonna go back to the most recent bearish price before or even more after a long bullish trend, just like what happened on 2017 bull run. But it will take more months or maybe even years to see that price again that's why it's pretty hilarious to think that it will gonna go back to that price right now. Bitcoin is in a bullish trend right now and no one can stop it yet until landed its destination which is breaking a new ATH before or after the halving.

b3llsf1l3s

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In my opinion, that depends on how much BTC you have sold. If you sell up to 1 BTC, you're really screwed. Actually if you expect to get the BTC price that you have sold, it will be difficult. Moreover, maybe in this period BTC will be quite stable and people already awake how this worst so don't too much expect of the market going red again.

BinaryGoddess

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I also sold part of BTC at that exact level 7,500. Then kept selling tiny parts at higher levels so that my average sale price is higher that 7,500. On the small dips bought tiny parts back. Can’t really figure out if I am at loss or profit but feels great.

shulc7

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

You did not listen to people that recommended to hold Bitcoin as it would gain soon. Why then you ask these questions? Yes, you were in a hurry to sell Bitcoin, and it was not the best decision. But all of us make mistakes.

LuckyBtc

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

No one really knew Bitcoin will go up like this, It probably will keep going up, It'll go down at some point but not likely soon. Alts season still hasn't happened, I think it is after Altseason Bitcoin will peak and go down.

LogitechMouse

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It can happen since Bitcoin is unpredictable however, the possibilities of it to happen right now is very low.

Bitcoin is moving around 11-12k at this moment, very far from you selling price. Maybe it can go at around 10k in the next days but to 7500?? I don't think it will happen but who knows.

xWolfx

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Just save your money and be patient bro.

This is why i don't like trading precisely, this kind of things happens and with this is more like the guessing game than anything else. If you're good at guessing it's really cool but i suck at guessing.

That is precisely what i want to do later in life.

goaldigger

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Quote from: hutchdavidson on June 25, 2019, 11:28:32 PM

I sold at $7550, am I screwed or will it at least go back down to $7500?

If you sell it in a much higher price than you buy, then you are not considered as screwed or loss. Dont mind those gaps of the value now because sometimes greed can lead you to much lower profit. Its a safe and a good decision you made and is nothing to worry about.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: Aldrinx00 on June 29, 2019, 11:59:46 PM

It depends if you bought at $3.5k then sold it at $7.5k+ the you are now screwed and you got a good profit, just wait for the dip again in the upcoming months because i think bitcoin will go back again at $7k range if you want to buy again.

Bitcoin is currently going up so if the OP was still holding those coins bought at 7.5k he would be at a good profit. If they sell at 11k and then hold the fiat to buy the dip then he can recycle the money.

Of course I am hoping a dip to not happen soon and thus bull run to extend further, but being practical there had been many buyers are levels close to this so they will become sellers at this point. Seeing bitcoin break the 12k barrier would be great and it would be an indication that the bulls have been more powerful with their money than the bears. I would go long on this.

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