so i can get faster profit with this trading trick
Topic: Bought my first BTC @ $4600, slightly worried - page 6. (Read 7850 times)
dont put your money at 1 buy order, this is my bitcoin trading trick. im buying some altcoin at 210satosi then buy again if the price down to 110 and buy again if price down to 50 and waiting price back to level 100 and sell all
so i can get faster profit with this trading trick
so i can get faster profit with this trading trick
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?
No need to worry. Just hold on to your investment till its value reaches a higher value than what you purchased it for. You may have been a bit excited. But nothing’s wrong with that. You just need to be patient enough until you reach your goal. God bless you on your investment. 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?
9kK is a nice profit on 5k....see you at 100K a btc
There's no need to be worried, just keep holding and keep patience. After all it was your own decision to buy it at the price you bought it so simply keep patience and hold it considering it to be a long term investment, I'm sure you will have good returns very soon.
I believe you have a lot of faith in this currency without worrying about the fact that maybe is a bubble that could last a couple of years more. just like you, I share your opinion of buying btc before it comes out of my reach but would not bet on long-term in it, however in the short term or so what's missing this year I will take advantage of such bad news as the Chinese government to buy more of them.
Long-term you will look at $4600 like people who invested five years ago saw $300, or $500. It's just another stepping stone. There is an incredible amount of upside, and you just have to ride out the waves, as it is an ebb and flow. There will be a tipping point where it takes off again, and you just have to be patient with it.
Although I always stay positive but the reality should not be neglected.Whatever you are saying could be quite true or could be completely based on illogical facts.You never know if thing will always work in the favour of bitcoin.Of course for me it's hard to judge how you are feeling because I bought at around 2000-2500 range (even with the recent drop I'm good). If you really can't handle it just walk away from it for a couple of weeks.
It is an experimental currency,deal only what you can afford to lose.If $4600 is a big amount to him,frankly he shouldn't risk it it.There is no guarantee he would double it.Best thing, keep your bitcoin out of site, and think that you just lost that amount of money. Since you are planning to hold it for 5 to 10 years, it does not hurt to do such thing. Besides seeing your Bitcoin regularly and looking at the price would worry you more when the price keep on plummeting. Best move buy again if it goes down . as what phuckit17 stated.
I'm surprised how these guys have planned their investment for next 5 years already . as what phuckit17 stated.
It was not the best time to buying but do not worry, after finishing uncertainity of China in october and novembers fork it will rise again with new ATH.
Of course for me it's hard to judge how you are feeling because I bought at around 2000-2500 range (even with the recent drop I'm good). If you really can't handle it just walk away from it for a couple of weeks.
This is only my thought i think you have been buy at the wrong time buddy. Now is the right time. Bitcoin already drops its price now and i think few more days it will regain its price so therefore i think you will a little amount of only amd that was not good. If you have an extra money then buy now.
Best thing, keep your bitcoin out of site, and think that you just lost that amount of money. Since you are planning to hold it for 5 to 10 years, it does not hurt to do such thing. Besides seeing your Bitcoin regularly and looking at the price would worry you more when the price keep on plummeting. Best move buy again if it goes down . as what phuckit17 stated.
. as what phuckit17 stated.Dollar coat averaging,buy another when it drops to 2000- 1800 as predicted then you'll have 2 at 3300 apiece. Also as predicted 7500 by the end of the year at least, I think this whole thing is a set up for the Hedge funds and JPMorgan to buy in low and China to launch their own State crypto.
my 2 cents worth lol.
my 2 cents worth lol.
Dollar cost averaging,buy another when it drops to 2000- 1800 as predicted then you'll have 2 at 3300 apiece. Also as predicted 7500 by the end of the year at least, I think this whole thing is a set up for the Hedge funds and JPMorgan to buy in low and China to launch their own State crypto.
my 2 cents worth lol.
Also I tend to buy a whole coin at a time too.. but we both should realize that if we spent 50 or 100 $ bucks every Friday on Crypto we would be a lot better off, highs or lows wouldn't matter because of exposure to the entire price range
my 2 cents worth lol.
Also I tend to buy a whole coin at a time too.. but we both should realize that if we spent 50 or 100 $ bucks every Friday on Crypto we would be a lot better off, highs or lows wouldn't matter because of exposure to the entire price range
I would not worry, if (when?) the China ban falls, the market will recover and rise a lot
Of course for me it's hard to judge how you are feeling because I bought at around 2000-2500 range (even with the recent drop I'm good). If you really can't handle it just walk away from it for a couple of weeks.
Apparently it is not only bitcoin that was affected, most altcoins went down to all because of the uncertainty of which the Chinese regulations will influence the crypto ecosystem and the possibility of other countries to adopt and implement similar regulations...but imo its better to hold on to your coins you bought as price could easily raise by a 1000 dollars in a day and allow you to break even.
I was already happy when i do see bitcoins price did hit up again on 4k range but now when i do see again on its recent price we are heading down again 3649 as of writing which do really suck to see these prices on bitcoin but well its still okay i do wait a little bit more for buying cheaper bitcoins because i do know price would really rise up again and for op just hold on to your bitcoin.
That's at peak and now the price is $3,621 and you should do nothing as of the moment. The price will again in the next few months.
Just keep on waiting guys, best thing happens to those who waits.
I bought half bitcoin @ $ 4,500 ....... Only wait to rise.
I hope soon.
I hope soon.
Just keep on waiting guys, best thing happens to those who waits.
not sure if I replied to this thread already, but here are my thoughts
Winter is coming!
Winter is coming!
Long-term you will look at $4600 like people who invested five years ago saw $300, or $500. It's just another stepping stone. There is an incredible amount of upside, and you just have to ride out the waves, as it is an ebb and flow. There will be a tipping point where it takes off again, and you just have to be patient with it.
I would suggest along with the holding of coin if you have some extra money start buying some coins regularly. This will help you out to average your cost and make it lower .
In such a way your recover will be faster and also you can earn good profits if you believe in that price is going to rise in coming time.
I think it is a credible idea to start buying more Bitcoin now, but no longer all at once as you did before, instead buy a little and wait to buy more if price drops further to a certain level and you'll turn around to be ahead of the game. At any rate, your first step forward should be the realization that you need trading knowledge and skills to find your feet in trading, else it can be such a pain.In such a way your recover will be faster and also you can earn good profits if you believe in that price is going to rise in coming time.
As we warm up for a proposed hard fork in November, the price of Bitcoin is likely to rally above your purchase price before settling lower to await the outcome of the scaling decision. Would not be a bad idea to offload half of your hodl and then followup the market to buy again after a bottom is confirmed.
I bought half bitcoin @ $ 4,500 ....... Only wait to rise.
I hope soon.
I hope soon.
So high price but don't worry
may be will go down for bit and will back to 5000-600$
Then 10000$ in next months
may be will go down for bit and will back to 5000-600$
Then 10000$ in next months
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 shouldn't panic, but I understand how you feel since you bought your coin at high price and now it's down to $3000. It already happened in the recent years, so stop brooding about what you've done. All you can do is to hold it till the price recovered. Bitcoin is a long term investment you should hold it for years and see what will happen.
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