Topic: How much was the price of Bitcoin when you started trading? - page 4. (Read 590 times)

$10

I started trading in 2018 when the price of Bitcoin was slowly going down. I think the price was around $12,000 - $14,000.

Back then, I was still a newbie in the crypto space and still learning the essential information that I needed. However, like most newbies out there, they got attracted when they knew that they could earn money through trading, so what I did was I did some research regarding trading, and watched some tips and tricks that will help me. Most of the videos that I watched are saying one thing in common and that is "You will experience a lot of losses as a newbie." From that, I decided to try it and invested only a few dollars in my own pocket (I think that was around $10). Well, I made some small profits in my first trades, but over time, I'm making some mistakes that caused me to eventually lose my money.

No regrets coming from me at that time because I already knew that the chances of me losing my money were really high. I guess the experience is what matters to me.

I don't remember the exact amount but I think it was right after the bullrun I started trading, in the year 2022 I started trading but the market declined too much which resulted in a huge loss at that time.  Until I realized that trading is more risky than investing if you will hold your asset in long period of time.

Since then, I have known how to invest in Bitcoin using the DCA method of purchasing it which is a potential way of gaining profit at the right time.  Though it take time but you can reduce the risk compared to trading.

Does it really matter? Most of us cannot even remember accurately when we started trading and what the Bitcoin price was then. I know that when I started trading, it was not Bitcoin that I started trading with first. I was trading one particular altcoin just on buy/sell; I buy low and sell high, and it was a daily routine that I do, and back then there was this very volatile altcoin that gets very volatile almost every day. I made a profit with that coin and some other ones too, but when I first traded Bitcoin on futures, it was not quite long before I stopped trading.

Before, I was new to cryptocurrency and trading.
I remember it was around before the 2017-2018 bull run, before the $20,000 all-time high before.
Most of the trading pairs before were just going up, and at that time I was only trading spot trading, I didn't know how to do futures trading.

That's I do emphasise always that no time someone invest in bitcoin is waste, because the more people invest in bitcoin the more it get propagate, the values of bitcoin in year 2023 may not be the value of bitcoin in year 2024 and 2025, like as you said base on your theory and when you started investing in bitcoin when it's at $4000 whereas some people invested in bitcoin when the price was below 4000, so their is no time someone invest with bitcoin is most preferable, investment of Bitcoin is base on your financial strength and the duration you want before making a withdraw, I think long-term investment is the best and is meant for risk takers and rich people who is not money conscious or inquisitive.

Not all traders will remember how much they used to kickoff a trading journey, what matters in trading is that do you make a profit in trading because the primary concern of a trader is to make a profit because when a profit making is not manifesting a trader will not summon a courage to trade more.

A trading is a something of risk and its something someone will weak up and join without knowing the rudiments of Trading, most of the people who loss out in trading or ventures into trading without understanding the concept, is because they have heard of trading and they think that trading is a short cut to make money without knowing the output and input of trading.

That's while I stipulated that someone have to know the advantages and disadvantages of trading before venturing into it, it will be more better and encouraging for someone who don't know rudiments of Trading to venture into buying and selling of bitcoin either for short-term investment or long-term investment base on its financial strength

I don't remember exactly when I first heard about Bitcoin. But when I first got interested into crypto, I think the price of Bitcoin was around 900 USD. But, unfortunately, it was back in early 2020, when Bitcoin was trading for something like 10,000 USD when I bought my first coins and started trading with.

In 2014, that was about $200 more or less.

I wasn't actively trading then. I just did a couple of small buys and sells and that's it. Afterwards, I just continued buying more and more coins and hoarded them. Back then I thought $300 was the highest price bitcoin can do after that $1.1k peak back in November 2013. I thought that I missed the train, and all that's left of bitcoin are remnants that will no longer take off simply because it already had its time. Yet I still bought, and fast forward to 2017, I was one of the lucky guys whom held through it all and made a fortune keeping bitcoins and selling them at the right time.

Had I known that bitcoin will reach insanely higher highs, I would have used every single penny of my paycheck in buying bitcoins to maximize my profit. Then again, there's no way of knowing that, and I'm still contented with what I got right now.

If I didn't work correctly it was around $35,000 when I first started learning about Bitcoin. When I've learned it (not everything) I was so eager to trade. I made few trades without any knowledge how to thread Bitcoin or even used to buy or sell option to do spot trades. I got better at it eventually after few tries, but that wasn't ensuring me with profit. I took a huge risk and put half of my assets into buying Bitcoin and then it fell down to $29,000. It was a big loss for me because I got panicked and sold everything taking a loss.

After that I moved on to holding and learn trading in that process while I hold. I'm not going to say that I'm a good trader right now but I have learned a few things here and there with which I can make some profit nowadays. But I have taken a break from it. The Bitcoin halving event is near so it is better to just hodl.

The time or moment that i was aware or able to learn about Bitcoin is on the time that it was still sitting around $200-300 but i havent involved myself with trading on that time.

The main thing on my mind into those times or moments is that i've been engaging on airdrops, bounties and signature campaign and other things which that could make me able to earn
Bitcoin or other coins which i could really be able to hold. Trading interest had just that become that possible on the time that i have experienced that first bull run on which it did
give out that kind of interest for me to tend to make some snipping out some profits with market volatility but of course those are on the time that i have made out some money
on the things that i've been doing. Getting some capital for you to trade would really be that mainly needed because you cant really be able to start up on the time
that you do lack capital which it is of course common sense. lol

To be fair I do not remember the exact price of how much it was, I can't say to the last dollar, it was somewhere around 100-200 dollars, it was between those prices I am 100% sure about that much, it was definitely between those, but I am not sure how much it was. This isn't something easy that I could make sure that easily, it is something difficult to know beforehand to be fair. I get that some people may have some sort of approach to it differently and I can understand that, it is not an issue, but that doesn't mean that I can remember it.

Plus, just because we got into it early doesn't mean that we made a lot of money, I got in when it was under 200 dollars, at that time I had some money, if I put all my money in, I would be rich, but neither did I invested that much, nor I kept the bitcoins that I got during those times, it went up a little, I made a little profit and I sold it. So getting in early all by itself is not really equal to getting rich.

Actually, trading can be very risky and stressful activity and in fact, it's not right for everyone especially people who are too emotional. And by the way, you don't need to trade in order to invest. There are other ways to grow your money in cryptocurrency apart from trading such as investing or staking. So if you're not comfortable with trading, you can still build wealth without it. Although, trading can be profitable if you are very skillful in it but you need to dedicate your time to learn it very well and how to handle your emotions and greediness while trading.

But staying away completely from trading because of the risk involved is not the way forward. I think it's more advisable to encourage people to learn about and not rather trading blindly. It's another opportunity to make money if you can do it better.

I traded Bitcoin when the Bitcoin price was still around $700. Just where I failed to convince my father to provide investment capital in Bitcoin at that time, in another way I made savings, by saving half my spending money for one month in order to buy Bitcoin, Litecoin and Dogecoin at that time in the amount of $50 for all three.

The price does not matter, the most important thing is how much you bought and how long you keep, as some people heard about Bitcoin when the price was $100 and did not invest until the price reached the $10,000 barrier, and others invested millions of dollars at prices less than $7,000. The most important thing is not to despair, to start now. Bitcoin is considered a long-term investment. When I first learned about Bitcoin, the price was between $900 and $3,000, and I thought the price was very high. I started buying between $4,000 and $16,000 and finally at prices of $22,000 to our current price.

Bitcoin was below $300 when I first got into crypto in 2015 or so, honestly, sometimes, I just can't deal with how much opportunities I've lost since I first discovered and got into crypto, bitcoin was below $300 like i said before, but before i was able to buy my first bitcoin, the price of bitcoin has already risen to i think about $800 and above, and still, even after buying, i couldn't hold it for too long as i wanted due to financial challenges, back then, i was doing almost nothing, i was working but the payment was very little, i managed to save a small amount of money and buy bitcoin, but ended up selling it before time because something very important came up and i just can't have money in bitcoin and yet suffer such challenge, i had to sell to solve the issue.

But then, all this are by gone now, but i still regret this thing because, if i had the money to invest in bitcoin when i first meet it, by now, i would be very comfortable, even if i sold all my bitcoins during 2017/2018 bull run, i still would have made a very significant amount of money as profit.

I second this. I bought my first bitcoins at around 80$ and started trading them a few month later until the price rallyed to about 1000$ in 2013. This was the time when I stopped my trading activities back then.

However, as I was a complete novice in this area at the time, the losses in BTC terms were also quite high - but quite bearable in dollars at the time. But I would still very much like to have the BTC now

I started trading bitcoin when the price was around 7k if I remember correctly. I even saw the bitcoin price around the 4K level but I stopped trading bitcoin after the Luna crash. Actually I was already taking losses due to the start of the bear market and the Luna crash wiped out my full portfolio because I was doing DCA by hoping it would recover. I stopped trading after that and only held projects I liked for the long term.

I think it was most likely in the 150-200$ range when i first started trading. Before that i was just messing around and getting familiar with the scene. Now that i think about that, thats nearly x200

The question has been simplified.

When I started trading, there were over 20000 cryptocurrencies. How can I know the price of all of them.  Even I did not remember what the price bitcoin was at the time.

If you mean the amount of money that I used to start crypto trading? I did not remember

Or to know if I am gaining or losing? I lost money than gain.