Bought my first BTC @ $4600, slightly worried - page 7.

leexhin

sr. member

Activity: 503

Merit: 250

Quote from: Fievel on September 13, 2017, 04:02:11 AM

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? Grin

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?

It's okay, since you already invested there's nothing you can do but to trust bitcoin. Bitcoin is a long-term investment if you want to atleast gain some of your money back you should hold your bitcoin for a long time. Bitcoin will recover but you will have to be patient if you want your money back.

Clark05

sr. member

Activity: 1274

Merit: 263

As of now the price of bitcoin is 3700 dollars and last few hours is 4000 dollars it will decrease 300 dollars. Dont worry if bitcoin price decrease its natural all coin experiwnce dumping and for sure after dumping it will increase again and for sure bitcoin will recover but you need to wait and i think maybe we see the price again 5k dolllars in the month of october. As of now I dont think bitcoin price will hit 5k dollars this month .

Simple_Man

member

Activity: 163

Merit: 11

Quote from: Fievel on September 13, 2017, 04:02:11 AM

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? Grin

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?

Yes, you truly have a reason to worry as you are facing a huge loss as per the current market price. However, if you looking at long term, I will ask you start dollar cost averaging procedure. That means buy bitcoin at every dip and hold. The lower the price will be, the more profitable it will become. Also think of longer term. If you are planning to hold your bitcoins for another 2-3 years, I see no reason to worry. You will be rewarded suitably!

Haunebu

hero member

Activity: 3178

Merit: 977

www.Crypto.Games: Multiple coins, multiple games

Don't worry op. You made a smart choice. Bitcoin will reach 100000$ in a few years according to me. Whether you believe me or not, there is a good chance that this will happen. Stay patient and positive.

stomachgrowls

hero member

Activity: 2996

Merit: 794

Quote from: Zicadis on September 21, 2017, 03:04:11 PM

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.

harizen

legendary

Activity: 3122

Merit: 1398

For support ➡️ help.bc.game

Quote from: Fievel on September 13, 2017, 04:02:11 AM

Any words of encouragement? Grin

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?

Encouragement? Stick with the idea that bitcoin is long term. No need to based on the recent news and FUD to wreck your expectations. Come on we have reasons to believe that someday another journey to the moon will happened. Sit back and relax.

You are already on the loss but it's not that much with the current price today. Just HODL as you don't have any choice. It's more way better than selling at below your buying price. It's not a wise decision. You already entered the risk then go straight forward by giving some patience. Just let your bitcoin sleep at the moment and don't sell it.

BJFC1402

newbie

Activity: 28

Merit: 0

I'm sure in the long run it's still a ridiculous price. Like now we laugh about 3 years ago when it was 100$

Zicadis

legendary

Activity: 1386

Merit: 1027

Dump it!!!

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.

haroldtee

sr. member

Activity: 644

Merit: 299

You have nothing to worry about mate and I am very sure you will be the one telling someone else the same thing very soon. Is there anyone that has never been in your shoes? I guess not! Except for the starters of course who had the balls to invest far back when it was still extremely cheap. If you are still in doubt, you can try going through the history of bitcoin's price since inception, probably that will make you feel better.

AGD

legendary

Activity: 2070

Merit: 1164

Keeper of the Private Key

@Fievel
Here is something that might give you a little hope:

https://www.cryptocoinsnews.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/

CryptosapienZA

full member

Activity: 378

Merit: 101

My suggestion is that you take a chill pill. What goes down, will come up :-). Think long term, not short-term. This time next year the bitcoin price will more likely be higher. Short term volatility is not something to lose sleep over. Think of it as an opportunity to buy.

electronicash

legendary

Activity: 3178

Merit: 1054

there will be no word of encouragement for me lol dump it if you like and there will be takers. sell orders are going to be filled but so are the buy orders. if you want to learn what is going to happen, try selling it now and set a buy order at $3500 this might ease you out.

MrCrank

sr. member

Activity: 1330

Merit: 258

Quote from: aoluain on September 21, 2017, 06:02:41 AM

Firstly - dont worry because Bitcoin will break through this
current negative cloud. There is uncertainty in the market
which is driven mostly by misinformation both negative and
positive and also by panic and people driving the panic lower
to buy more at a lower price.

If you feel you can you could always buy another bitcoin at
a lower price like $3500 to lower your average outlay at
$4050

You right! I heard today that one man said that need to buy bitcoin today at price below $ 3600 (I forgot name, this is famous)
after price will fast rise. Don't know is true it or not..
In my point of view will be happen.

aoluain

legendary

Activity: 2380

Merit: 1343

Quote from: Fievel on September 13, 2017, 04:02:11 AM

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? Grin

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?

Firstly - dont worry because Bitcoin will break through this
current negative cloud. There is uncertainty in the market
which is driven mostly by misinformation both negative and
positive and also by panic and people driving the panic lower
to buy more at a lower price.

If you feel you can you could always buy another bitcoin at
a lower price like $3500 to lower your average outlay at
$4050

reliable

full member

Activity: 868

Merit: 151

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.

jekjekman

sr. member

Activity: 378

Merit: 250

Quote from: Fievel on September 13, 2017, 04:02:11 AM

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? Grin

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?

That is a heart pounding decision for you though, if it was me I am sure I will be depressed and devastated as Bitcoin's price goes low as much as $2,900 almost 40% decrease in the original price that you bought a single piece.

Actually no one can really tells what will happen in the next seconds, minutes, hours.

pugman

legendary

Activity: 2383

Merit: 1551

dogs are cute.

Quote from: Fievel on September 13, 2017, 04:02:11 AM

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? Grin

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 do not have a problem of cashing your btc out for a few years,fine them you do not have to worry ,after a few years you can cash it out and chill. But if you want to earn within a gap of one year or less,there might be a few things to worry about. The prices might fluctuate (because of the issues going on in China or even because of a possibility of a world war or god forbid even worse) or it might not,but better be careful and make sure that the decision that you make won't affect you.

MrCrank

sr. member

Activity: 1330

Merit: 258

Don't worry friend, it's normal.
Please hold your bitcoin to best time and don't sell it!
In any case price will be recover and will be rising again. You will get profit soon. If you sell it now you lost your part of money..

IamAltcoinfan

full member

Activity: 476

Merit: 103

homt.net

If your looking for long term benifit then you really no need to worry this fluctuation is common in cryptoworld you can see bitcoin chart if any small negative fluctuationhappened soon after some time bitcoin gained more than 50% of value compare to actual fluactuation happened be patience.

jostorres

hero member

Activity: 2534

Merit: 586

Quote from: sammrheza on September 13, 2017, 11:47:00 PM

Quote from: LouVandetta on September 13, 2017, 11:12:35 PM

Quote from: sammrheza on September 13, 2017, 10:40:00 PM

the problem is , the price keep going down and down , no signal they wanna go up Cry

, should hold or dump it hahaha

That's true, it is a bit scary to see the price keep going down.
But this is what makes us traders, hodl or dump, that's our only choice.
Price falling like hell like that is a normal thing, so relax, I hope so.

everytime bitcoin find stable price , but its keep going down , recently stable at 4600 after down from 5000 , then stable at 4200 , then now its stable at 3800 , next stop 3400 ? or back to 4200 Grin

It is right that bitcoin price is going down but I hope that within a month time it will get rise again and you would feel that the rate in which you have bought bitcoin @ 4600$ was quite right. I think it is the normal price just wait and watch, I hope you will not be worried in future with such price purchasing. Patience is the main weapon in business so don’t worry and keep continue with bitcoin.

Topic: Bought my first BTC @ $4600, slightly worried - page 7. (Read 7850 times)