Topic: I bought at 19k, now what? - page 10. (Read 2654 times)
I am one of those who were able to buy at 19k, but then i was able to acquire also during below 9k inorder to balance my loses, because this is how i look at it, when i got lose i will try my best to buy more to replenish at least the loses, because i trust more that after the big dip, there will always be a bounce back of climbing high more than the percentage of dipping happened.
I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
Oh no! You are in a win or lose situation. But your chance to win is now depends only if bitcoin will surpass the 19k price since you bought it at that price. But this will only happen if you can manage to hold your bitcoin for the long time. Without the combination of this two thing you will surely gain nothing. You have another option while waiting for bitcoin to recover, try to invest a small amount in other cryptocurrency or in the ICO but study it first before joining for security reason.
I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
Depending on the duration you got that 3 btc I think you could actually make a good return form participating in good ICOs especially those that have a bonus attached
and when token hits the exchange you can then make 2X or 3X short term profit then payback this credit/loan..
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
What the hell?OP said he invested $57K, no, he said he took a credit and bough bitcoins, he has lost half of money(if he sells) or $28K and you suggested him to buy more bitcoins?
No, he should only hold and not buy more because he has invested more than he can afford to lose.
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.
If one bought it from the highes price, he will have to wait for another bull market. There is no other option for him honestly if you ask me.
Never mix credit with crypto, its bad news. The risk you take entering this space is substantial as is always the case with cutting edge industry hence the name ! There is nothing wrong with crypto per say or taking an interest but have a care about risk management.
You are all the way at the opposite end of the spectrum to gold. One end is a solid inert metal that barely changes over thousands of years and keeps its price, this end with crypto super highly volatile and exchanged constantly around the world. The product itself is morphing and adapting to meet world commerce needs and capture part of the currency exchange market and facilitate world commerce. Gold is safe and boring but also can be gained (vs FIAT) with time over say a decade. You might flip a profit on crypto over night or dare I say it, maybe lose it all especially on alt coins which can be trash or amazing growth.
Do not leverage an already opaque hard to judge situation, its really bad news. This is gambling, if you borrow to gamble then I guess my words fall on deaf ears. In that case good luck and dont let you nerve fail you
You are all the way at the opposite end of the spectrum to gold. One end is a solid inert metal that barely changes over thousands of years and keeps its price, this end with crypto super highly volatile and exchanged constantly around the world. The product itself is morphing and adapting to meet world commerce needs and capture part of the currency exchange market and facilitate world commerce. Gold is safe and boring but also can be gained (vs FIAT) with time over say a decade. You might flip a profit on crypto over night or dare I say it, maybe lose it all especially on alt coins which can be trash or amazing growth.
Do not leverage an already opaque hard to judge situation, its really bad news. This is gambling, if you borrow to gamble then I guess my words fall on deaf ears. In that case good luck and dont let you nerve fail you
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.
People usually miss an extremely important element which is risk mitigation while jumping into business. It would have been much better to distribute your investment into few potential cryptocurrencies instead of following only a single Bitcoin investment. During this should time since Bitcoin faced the dip we saw some great rallies made by the alts. Even now you have the chance to not only wait for the bitcoin price to recover but to invest in the potential alts, this is how your chances to drift out of a financial crash can be reduced a lot.
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
wait until the price has risen to the point that will suit you financially, and so gain patience and keep it in your
I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
The answer is to buy more and do not sell. If you are in for the quick buck then bad news, if long term, still got hope by cost averaging. buy more at the current levels to lower your average cost. Sell when it is above or break even.
Maybe you are not going to like this but you have made the first mistake when you bought at 19000$. You probably expected the price to reach 25000$ or more but that didn't happen and you're in trouble. To make it simple you invested more money than you could afford to lose. And with money you actually didn't have. Huge misjudgement.
I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.
That is usually the first mistake a whole lot of people normally make which any smart investor will never make, even if a smart investor wants to buy at the top, they only use very little percentage of their free money in case the market keeps moving up the more. Originally, they would wait for good dips like the one we have right now and load in, let alone someone who decided to go the credit way. Like you said, better to just hold and be hopeful as that is the only choice he has now.I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.
Other than holding and waiting, if I were into such a situation then definitely I will try to reduce the buying price levels by averaging methods like buying at lower than original buying.
Nothing, just hold, and believe in the rapid growth of bitcoin. The main thing is not to panic!
Maybe you are not going to like this but you have made the first mistake when you bought at 19000$. You probably expected the price to reach 25000$ or more but that didn't happen and you're in trouble. To make it simple you invested more money than you could afford to lose. And with money you actually didn't have. Huge misjudgement.
I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.
That is usually the first mistake a whole lot of people normally make which any smart investor will never make, even if a smart investor wants to buy at the top, they only use very little percentage of their free money in case the market keeps moving up the more. Originally, they would wait for good dips like the one we have right now and load in, let alone someone who decided to go the credit way. Like you said, better to just hold and be hopeful as that is the only choice he has now.I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.
Other than holding and waiting, if I were into such a situation then definitely I will try to reduce the buying price levels by averaging methods like buying at lower than original buying.
I think this is happening because we are very optimistic about bitcoin values even for short term, which in the end are all out of our control. It's better to keep holding than we lose nearly 50% if we sell it now.
I understand how frustrating it can be to see the value of your money continuosly decline over the past few weeks. To redeem it's value back, I guess the best thing you can do is just wait, be patient, and hold. Bitcoin already has reached its resistance which is why sooner or later, it would rise. Selling won't do you any good and justice for your investment, so just hang in there. You will get back your money or even have it multiply in value soon enough.
This happens when someone invests when he does not have any knowledge about the markets, while I have a strong believe in bitcoin I was not going to buy bitcoin at 19k, he was basically asking for the whales to take his money away from him at that point and while bitcoin will eventually recover and go even higher I do not know if a person that is able to make such a huge mistake should remain in the market.He'll lose everything buying at the top and selling at the bottom, don't worry!
I understand how frustrating it can be to see the value of your money continuosly decline over the past few weeks. To redeem it's value back, I guess the best thing you can do is just wait, be patient, and hold. Bitcoin already has reached its resistance which is why sooner or later, it would rise. Selling won't do you any good and justice for your investment, so just hang in there. You will get back your money or even have it multiply in value soon enough.
This happens when someone invests when he does not have any knowledge about the markets, while I have a strong believe in bitcoin I was not going to buy bitcoin at 19k, he was basically asking for the whales to take his money away from him at that point and while bitcoin will eventually recover and go even higher I do not know if a person that is able to make such a huge mistake should remain in the market. I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
That's why you don't buy crypto with money you can't afford to lose, and much less using credit.
Hold and wait. Put all your BTC on offline wallets and forget about them for a year. Maybe you end up with 50% of ROI, but maybe with nothing
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