First thing is to determine whether you sold at a loss or made profit. The crypto space is much unpredictable. You started seeing much analysis now from so called experts because the market is green once again.
true dat
Topic: Am I screwed? - page 3. (Read 747 times)
true dat
First thing is to determine whether you sold at a loss or made profit. The crypto space is much unpredictable. You started seeing much analysis now from so called experts because the market is green once again.
I sold at $7550, am I screwed or will it at least go back down to $7500?
That actually wasn't too bad a price (depending on when you bought) hindsight is 20/20 so you will get the bandwagon people saying you messed up.
Check out this research for understanding how to find the bottom when it comes:
https://www.amsinger.org/open-research
I wish you the best!
Aaron
I don't really think you are screwed. I myself have sold into the early $8600 ranges and I was happy since I made a huge profit off of it already. Now I'm just looking for a nice entry point to take advantage of this current rally and have expected the price to come down to at least $9k since the volume is waning just the other day. Well, turns out my predictions are wrong and I'm still waiting for the price to at least climb down a bit and buy it, whatever price it may be and just hope for the best. $11k is a good buy already, at least for me.
At any point in crypto, you can lose or gain. I'm sure you made profit when you sold at that price. But it is still not too Kate, you can still go ahead and buy when it dips and either hold or sell when you have reached your set target.
I would not bet that BTC will never return to $7500, it only depends how high this time will go, and correction can be 80% or even more. From $20 000 to $3000, and from $50 000 it can easy go down to $7k.
I don't really understand why anyone makes any bets.
Play with a proportion for fun by all means, but why are so many people pure binary?
If you're a non believer and you've reached the sum you're aiming for then by all means sell everything and walk away. Bitcoin's price is no longer your concern. If you don't fall into that category then quit dicking around and remain in your seat.
It is a wrong decision you have made. Why do you sell it for $ 7500? You don't trust Bitcoin, and you sold it as soon as it reached $ 7500? I may have to tell you that Bitcoin will never return to $ 7500 again. Bitcoin is still rising and continues to rise, wait for some price adjustments, and you can rebuy Bitcoin at a lower price.
It is possible that OP bought BTC few months ago when price was only $3000 - $4000, and around 100% profit at that time was a very tempting offer. Given all the speculations that have emerged in the past few months, almost no one expected that we can see such strong bull run at this time of the year, one year before next halving. He is not only one who sell, many weak hands emptied their bags in anticipation of correction.
I would not bet that BTC will never return to $7500, it only depends how high this time will go, and correction can be 80% or even more. From $20 000 to $3000, and from $50 000 it can easy go down to $7k.
I sold at $7550, am I screwed or will it at least go back down to $7500?
You really missed a great opportunity to get a lot of profit in just a short time. I recommend you buy more BTC because the chart is very beautiful and until now, it still has no sign of going down.it will sideway for 2 days and start growing again, choose a good time to buy the best price possible. You can place a buy order at $ 12k3.
I sold at $7550, am I screwed or will it at least go back down to $7500?
I am not sure because the price can go to any price. But I think it is hard to see that price in the future, especially if bitcoin price is getting so high. But the chance for bitcoin to go down will still be there as we know that bitcoin price will make a correction after the price reaches the highest price. You need to be patient if you want to buy at that price, but I could only suggest you place at any lower price but with the small amount.
Why would any of us know any more than you?
A rise like this is very rare and rarely sustainable. All the same it might be awaiting a further leg up and may still settle higher than we expect.
Ain't no one got a clue.
A rise like this is very rare and rarely sustainable. All the same it might be awaiting a further leg up and may still settle higher than we expect.
Ain't no one got a clue.
Hey there 
don't worry I sold @3k $ , well why ?
Because I needed some money at that time .
I could have just asked from some friend and returned but you know what ? There is nothing better than you relying on your own money and that shame and everything of asking , I didn't have to face any of that .
Therefore I am not even sad that I sold , because I needed at that time.
If you keep feeling sorry and sad for the profit you could have made then you should just chill out and relax because it happens , it's a market where you bet while buying and selling , it is bound to happen .
You can just buy again and see if it works or wait till you see it's perfect.
don't worry I sold @3k $ , well why ? Because I needed some money at that time .
I could have just asked from some friend and returned but you know what ? There is nothing better than you relying on your own money and that shame and everything of asking , I didn't have to face any of that .
Therefore I am not even sad that I sold , because I needed at that time.
If you keep feeling sorry and sad for the profit you could have made then you should just chill out and relax because it happens , it's a market where you bet while buying and selling , it is bound to happen .
You can just buy again and see if it works or wait till you see it's perfect.
I sold at $7550, am I screwed or will it at least go back down to $7500?
has to be a correction sometime if we follow past btc trends, it always dipped back around 50 % of all it gained before the real pump begin , but like always you never know with investing.
Well $7550 isn't that bad. I sold 2 bitcoins for $250 each. I guess we will never see those prices again ever.
This exactly is what i wanted OP to start thinking and not to just conclude on regret, even those who sold at $12k will come here to regret their actions, one thing is certain, never look on your looses and never wanted to buy back beck becasue buy back with looses will definitely bring or yield some profits at the end. I sold 1Ethereum at $310 but right now is $330, i just have to buy back bro...
Not at all, while you sell with profits I don't think. Not only you, maybe a lot of people here have sold bitcoin some time ago and now watch bitcoin rise rapidly.
Wow, unfortunately, bro, maybe if you still hold it, the price will be many times. I also sold bitcoin at a low price and since 2017 when I was sorry for the bull run, that's where I am increasingly optimistic about holding bitcoin, it turns out it's not in vain now and I'm still waiting for $ 20,000
Well $7550 isn't that bad. I sold 2 bitcoins for $250 each. I guess we will never see those prices again ever.
Wow, unfortunately, bro, maybe if you still hold it, the price will be many times. I also sold bitcoin at a low price and since 2017 when I was sorry for the bull run, that's where I am increasingly optimistic about holding bitcoin, it turns out it's not in vain now and I'm still waiting for $ 20,000
I sold at $7550, am I screwed or will it at least go back down to $7500?
BTC can even go down to $100 and I was a part of the community when it was $100-$200 so no, you're not at a loss. If you feel that way then you will never really manage to deal in bitcoins which is highly unstable. People who has bought at 19k are still waiting for 1.5 years holding their coins. Imagine how they felt when BTC reached $3k.
as long as you get the advantage of selling bitcoin like buying at $ 6,000 and selling it at $ 7550 I think it's profitable because it's already gaining profit. for buybacks you can choose buy now because viewed from the chart the price of bitcoin is always up so you can get more profit. or wait for prices to fall again.
I sold at $7550, am I screwed or will it at least go back down to $7500?
It is a wrong decision you have made. Why do you sell it for $ 7500? You don't trust Bitcoin, and you sold it as soon as it reached $ 7500? I may have to tell you that Bitcoin will never return to $ 7500 again. Bitcoin is still rising and continues to rise, wait for some price adjustments, and you can rebuy Bitcoin at a lower price. I sold at $7550, am I screwed or will it at least go back down to $7500?
It will go back to $7500 but we can't know when will it happen, bitcoin price is always in constant motion, in the past months has been up all the way, but i have seen it months going down until touch floor.
You have 2 options, wait some months for the crash or buy now and sell them at $15k
Exactly, it seems that the price will still continue to rise in the coming days so better to move on than feel screwed or sorry. I just did the same mistake this month but what I did was I bought some bitcoins and i’m now waiting for the price to rise some more for me to sell, it may not be the same amount when it was $7500 but what’s important is I can still get profits.
You will be screwed if you hold $7500 in money fiat or stable coin. Buy it again now it's still the best time so far, the next price will be touch is $15.000 according to several prediction. You will still get profit although you don't have 1 bitcoin again. When bitcoin price is in the bull market then we can't resist its movement price, just a learning for you.
I sold at $7550, am I screwed or will it at least go back down to $7500?
I think nothing to worry or screwed here about BTC price just now. Not this is time to recover BTC price untill it hit $23k. So i think you may be think upset that you sell in low price and suffer in near future.
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