Topic: I bought at 19k, now what? - page 5. (Read 2616 times)
given the current cost of bitcoin and then for what you bought it better will keep it to cover the cost of its purchase
well, it can be said that 19k's rhyme is really high for now. the only hope you have is to hold the coin you have. waiting for the best time to sell it can also minimize your loss. you can realize what you have with trading, but it's full of risks.
hold it at home I think this advice will be best because you will not get any benefit if you sell it now
The current market is for buyers not for sellers. Not even those who bought bitcoin at 6,000 dollars are willing to sell it off at present because they know that the market will recover but it is going to take time. Though bitcoin is volatile but still it needs time to increase in value. Like we can say that it is sluggish kind of creeper and it is justified by the heavy market it is handing and the high prices of it. 
hold it at home I think this advice will be best because you will not get any benefit if you sell it now
The current market is for buyers not for sellers. Not even those who bought bitcoin at 6,000 dollars are willing to sell it off at present because they know that the market will recover but it is going to take time. Though bitcoin is volatile but still it needs time to increase in value. Like we can say that it is sluggish kind of creeper and it is justified by the heavy market it is handing and the high prices of it. It's suicide for people to sell their baghold coins since as we experience now we are in the crypto darkness where all sellers are in disappointment state but if people well escalate and try to convince theirselves to hold then they might gonna earn up what they loss for this current dump. But the volatility still good right now since we can eventhough do a little short trades with some alts aswell with bitcoins.
hold it at home I think this advice will be best because you will not get any benefit if you sell it now
The current market is for buyers not for sellers. Not even those who bought bitcoin at 6,000 dollars are willing to sell it off at present because they know that the market will recover but it is going to take time. Though bitcoin is volatile but still it needs time to increase in value. Like we can say that it is sluggish kind of creeper and it is justified by the heavy market it is handing and the high prices of it. 
I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
You are not really losing profit. The amount of Bitcoin that you've bought that time still remains the same. Profit will not be lost if you will avoid selling. Holding is really necessary right now and that is the best thing to do. You may also consider buying at this point since the price is currently low. Huge profit will then be earned once the market starts to rise and recover. Instead of panic selling, just be calm with things.
hold it at home I think this advice will be best because you will not get any benefit if you sell it now
I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
The best you can do now to your btc is to hold it. Like all people say here always careful when you buying bitcoin always buy when it's dip don't buy when it's high price because it's more chances to lose a profit when bitcoin go down the price.Holding only seems to be simple - psychologically it is very difficult to do. meanwhile, you are not risking. You can take a risk and invest in ICO also.
Very sad to say but its too late to do anything about your bad trade. I have also lost so much worth of money over time and I am just waiting with patience for markets to recover once more to make me ashamed of my decision.
Now is the time to HODL. This word may sound so overused but it's the least you can do. Just take a look at bitcoin's graph and see how it went down so hard so many times but still, it remains dominant and even reached 20,000$ last year.
Holding is the most successful technique of the crypto market and people have made thousands of dollars simply by holding their coins for long times especially bitcoin. Those who do not hold for long time, they often miss the highest prices touched by bitcoin. Impatient people are never successful in this market. They need to stay calm for letting their coin follow the paths of bitcoin during pumps. Since, you bought at pumped price, go long on your holdings. Forget your bitcoin at least till Q4 of 2018. Price will go uptrend by the end of this year easily. If you are interested in trading or investing more, get in the coins after G20 summit and forget your older investment as for now. Right now buy more to average out your $19k buy range.
Many of those that bought at the very top of the market did it for the fear of missing out so it is very unlikely they are going to have the patience to hold for that long which is a shame because I'm pretty sure that in a decade people will lament not buying bitcoin for 20000, can you imagine that? Buying at 20000 would seem cheap.Waiting from this time to when the price will be $20000 again is quite uncertain and nobody scan truly say for sure if this would happen this year or next. But one thing for sure is bound to happen - BTC will survive.
I will Advice you to hold it with confidence so that there will be regret in future. There is every tendencies that the price of bitcoin will raise again. And in case of next time don't invest what you can't afford to lose most especially when it comes to cryptocurrency.
Now is the time to HODL. This word may sound so overused but it's the least you can do. Just take a look at bitcoin's graph and see how it went down so hard so many times but still, it remains dominant and even reached 20,000$ last year.
That is right, I felt sorry that his money/investment cannot use at this moment because if he uses it then he will lose a big part of his money because the price now plays at $6500-$7500 but still I would suggest to continue to hold what you have because it will eventually rise again, hope that his trust is still their. 
Now is the time to HODL. This word may sound so overused but it's the least you can do. Just take a look at bitcoin's graph and see how it went down so hard so many times but still, it remains dominant and even reached 20,000$ last year.
I bought 3 btc on credit for 19k about. What should I do? I am way underwater.
Just hold it, if you can't wait for the right time you should sell it now because doing investment in cryptocurrency is like investing in a real state. It takes time to make for return of investment but as I experienced crypto's market up's and down it will be a short time to accumulate profits, let say a year will do. But in the meantime you should hold it because it fluctuate every time and predicting its price is impossible so sit tight, wait patiently and sell at all time high. Yap. That is great strategy for now. At least you can minimize your potential losses. After btc fell continuously, i think you should sell some of your assets to cover the installment.
How is that a great strategy? The guy already lost almost $40.000 because everybody here told him to HODL. Now you're saying he should sell 1 btc so he at least gets $6800 back?The guy didn’t specify anything else even though he was asked. Depending on his personal situation one option is better than another. To hold is the best option if you don’t need your bitcoins but if you need them, and specially if you are in debt, probably the best option is to cut losses and sell.
He was asked about the monthly payments and didn’t reply. I think unless they were very low the best option was to sell.
Anyway the best option is to avoid credit, and especially to buy high-risk assets like bitcoin.
I agree. You should never use credits for something that's as volatile as crypto. Though at this point, for me the time to cut losses has passed. You're waaaay under it now and the best option is to at east wait for a bounce back. You should've thought about it in the first place though. That's worse than losing your savings
I think many will advise you to keep bitcoin at home, it is not very profitable for you to sell it at current prices
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Yap. That is great strategy for now. At least you can minimize your potential losses. After btc fell continuously, i think you should sell some of your assets to cover the installment.
How is that a great strategy? The guy already lost almost $40.000 because everybody here told him to HODL. Now you're saying he should sell 1 btc so he at least gets $6800 back?The guy didn’t specify anything else even though he was asked. Depending on his personal situation one option is better than another. To hold is the best option if you don’t need your bitcoins but if you need them, and specially if you are in debt, probably the best option is to cut losses and sell.
He was asked about the monthly payments and didn’t reply. I think unless they were very low the best option was to sell.
Anyway the best option is to avoid credit, and especially to buy high-risk assets like bitcoin.
Yap. That is great strategy for now. At least you can minimize your potential losses. After btc fell continuously, i think you should sell some of your assets to cover the installment.
How is that a great strategy? The guy already lost almost $40.000 because everybody here told him to HODL. Now you're saying he should sell 1 btc so he at least gets $6800 back? Unfortunately, people make poor financial decisions and they do not listen to good advice and then they want to complain when things fall apart. A lot of us are constantly telling people not to finance their bitcoin investment with dept. Crypto currency investment is a HIGH risk investment.
What is your monthly instalment on that credit?
If you did not buy bitcoins with credit, I would have suggested this strategy, https://bitcointalksearch.org/topic/m.29569366 but it is even more risky at this stage, because it might put you in deeper trouble if you financed this with debt.
The only thing to do now, if you cannot afford to pay the debt, is to sell say 1 of the coins and to pay the debt with that money. Then you must hope that the price might recover and that the remaining coin or coins will cover the losses.
Yap. That is great strategy for now. At least you can minimize your potential losses. After btc fell continuously, i think you should sell some of your assets to cover the installment. What is your monthly instalment on that credit?
If you did not buy bitcoins with credit, I would have suggested this strategy, https://bitcointalksearch.org/topic/m.29569366 but it is even more risky at this stage, because it might put you in deeper trouble if you financed this with debt.
The only thing to do now, if you cannot afford to pay the debt, is to sell say 1 of the coins and to pay the debt with that money. Then you must hope that the price might recover and that the remaining coin or coins will cover the losses.
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