Topic: Bought my first BTC @ $4600, slightly worried - page 14. (Read 7868 times)
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Hey guys, new member here
I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement?
I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement?
I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?I must be sincere that it will be a little difficult to tell you to hold on because even me, I was surprised when I saw the thread that I had to go check the current price but was surprised to see the amount of hit that the price has gotten even after showing some form of recovery in the past days to have gone below $4000.
At the same time, the reason for the crash will be unconnected to the skepticism surrounding the situation of things. News from China, authorities in the field of finance expressing their views on the negative, among others. But I will only enjoin to no join in the band wagon and just hold tight and deny yourself the stress of checking prices now and then because the recovery might not happen any time soon.
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Hey guys, new member here
I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement? I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
You should not worry at all and as you said you are not the only one who do have this kind of emotions or even regrets on purchasing bitcoins price on a high point.Even those experienced people do also commits these mistakes but eventually they dont easily panic since most of them do know that price will eventually recover up later on which we can really tell ourselves not to worry but if those funds if yours are your savings or fund being used for priorities for sure you would really worried too much. I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement?
I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
Hey guys, new member here
I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement? I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement?
I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?You have been lurking in the forum for a couple of months? that's not enough go further and check bitcoin history, so many fake news fuds trying to take down Bitcoin, consider what your holding as a long term investment so far there's a lot of winner investing in Bitcoin and a lot more sorry stories for not holding and trusting bitcoin enough.
that is why it is recommended that you should split and buy, like if you want to buy one BTC then start buying 1st only 0.2BTC and when there is more price decrees you can go for another 20%. so like this your buying price will get averaged. and you will be getting opportunity to buy in low, this is the best option to invest in crypto currency
I'm a bit worried myself. On some strange level a part of me is excited. I think that part of me enjoys the thrill of the ups and downs of Bitcoin. If it collapsed, I would be devastated. You must feel pretty awful buying at $4,600. I can understand that. I bought at $2,200-$2,500ish so it doesn't feel as big of a deal since I'm still technically up. I think in the long run Bitcoin will be successful. Hang in there and you should be fine.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement? I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
Any words of encouragement?
I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?If you believe in bitcoin then all you can do is ride it out. Many of us have been here when people were saying the same thing about buying bitcoin when it was $100/500/1000 and panicking when it fell. You could just try trading with that bitcoin by buying and selling at the lows and highs but I personally would just regard it as a long term investment but as with any investment nothing is guaranteed.
Well, if you didn't buy that BTC with money you can't lose, than I suggest you wait, because I think bitcoin's price will rise again, and pass thos $4600 with which you both the BTC. It's better you stay a holder if you have not much to lose.
OP, my advice to you is for you not to have a shaking or doubting mind, the price now is $3900, yes but don't just rush in and sell.
In BTC business or investment, you should learn one thing which is 'Patient'.
You leave and highly secure your bitcoin for a month or two. You will recover and have your gain by then.
In BTC business or investment, you should learn one thing which is 'Patient'.
You leave and highly secure your bitcoin for a month or two. You will recover and have your gain by then.
I bought some at 4200 and little worrying too for now 
, but we got strong support at 3900 recently 
, but we got strong support at 3900 recently 
Most people who would be worried about this news and price dip are those who are still new to bitcoin. But you got nothing to worry about, just keep and hold the bitcoin that you have. Be patient and wait because you are sure to recover your loss and gain some profit when bitcoin increases in price again. Just think positive and don't bite the bait.
That's my advice to you and to everybody who became in the same situation and feel a little bit of panic. All this news around China are actually not proved and no one exchanger has not announced yet about it's closing, everything keep working. When this period will pass bitcoin will continue it's raising. It's not the babble yet
Hold on to it and if the price keeps dropping buy some more if you can afford it. I bought my first at €800 and then the price dropped to around €300. Bummer, but I bought some more and when the price went back up to €500 I would have been able to make a small profit by selling them. I haven't sold any BTC yet. I thought I was late to the party in 2013.
In the mean time, make sure your 1 BTC is secure in a desktop wallet, read the manual of your wallet, know how to backup and restore your wallet. Seeing the price drop is bad, losing your BTC because of a computer crash or virus or because the exchange gets hacked is the worst.
In the mean time, make sure your 1 BTC is secure in a desktop wallet, read the manual of your wallet, know how to backup and restore your wallet. Seeing the price drop is bad, losing your BTC because of a computer crash or virus or because the exchange gets hacked is the worst.
Hey guys, new member here
I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement? I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
Wow, that's a lot! For me, don't sell it yet just hold it for now and wait for the price to go up. I am still certain that next year and for the coming years, bitcoin will still continue to rise. It will recover soon. Don't worry, everything will be alright. Just keep updated with the price and the updates though. I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.
I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.
Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.
Any words of encouragement?
I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
I belive price will come back 3k6$ soon. In 3 day. brace your self. But it's will recover soon. Hope so
Dont worry if you bought bitcoin at 4600 dollars becayse even bitcoin price decreasedfor sure it will increased again after few weeks it will back again to the highest price and maybe it will be high to the current price. As of now the price of bitcoin is 3980 dollars and its time to buy bitcoin and for sure it will increase again . So if you buy today holding after weeks or months for sure you will earn profit
Do not worry too much, bitcoin price will return $ 4600 soon and up very high,
Calm
Calm
Any words of encouragement? I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?there is nothing more encouraging than looking at the charts. open a bitcoin chart and then start panning to the left as much as the chart goes. look at each time price takes a dive. there has been someone like you who bought on top of that dip without exception, so many of them sold and never bought back, some sold and bought back again at the bottom, some held. I think you can guess who is the winner today.
here are some of the similar dips: https://bitcointalk.org/index.php?topic=1935374.0;all
Put it in a long term wallet, delete all bitcoin related bookmarks and set an alarm for next spring to check on progress.
Some of us bought at the $1300 high a few years ago... And eventually it worked out.
Ignore all these "traders" who "know the market". They are coin flippers. Some are lucky gamblers who think they are skilled. Some are unlucky gamblers who understate losses.
Some of us bought at the $1300 high a few years ago... And eventually it worked out.
Ignore all these "traders" who "know the market". They are coin flippers. Some are lucky gamblers who think they are skilled. Some are unlucky gamblers who understate losses.
I'm sure bitcoin will go up like it always does. As long as you hold it, it should be fine
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