Invested when BTC was at 2550 and 2320. What to do now? - page 2.

reflector

sr. member

Activity: 826

Merit: 263

Quote from: Salicorne on July 16, 2017, 12:24:38 PM

You have lost nothing. Your holdings are just worth less in term of dollars. Just hold and forget. That may be hard to apply but you will be very rewarded some day. Do believe me, Bitcoin is definitely heading toward 10 000$ per coin by three years. So just wait three years or prove you are weak and sell, making sure that your money is gone !

Clever newbie understand the speculation of satoshi. This is absolutely true we need to see the value compare with fiats now. As world move digital currency side then you may be a billionaire with the small earnings you have it now in your wallet. You need to hold now and future to see the profit.

Salicorne

newbie

Activity: 17

Merit: 1

You have lost nothing. Your holdings are just worth less in term of dollars. Just hold and forget. That may be hard to apply but you will be very rewarded some day. Do believe me, Bitcoin is definitely heading toward 10 000$ per coin by three years. So just wait three years or prove you are weak and sell, making sure that your money is gone !

nydiacaskey01

legendary

Activity: 1834

Merit: 1036

If I were you I would keep it if there is no immediate need for fiat. However, if you need it then go ahead and convert, but if you just want to join those who are panic selling for the reason of segwit then you are are going to be part of the reason why BTC is going down. After August 1 you will see people buying again and might record an ATH so if that happens wheres your coins? None, because you joined those who panicked and sell coins.

PokerFace3

hero member

Activity: 700

Merit: 500

Quote from: dquancey on July 16, 2017, 08:24:21 AM

I imagine it'll drop lower than what it is now. If it breaks the $1800 area, then $1200 beckons.

No. I do not expect prices to go beyond $1500 along with current panic situations. Already lot of buying are happening around $1800 which must be a very big support levels. Even $1800 breaks, the next big physiological level of $1500 will never be reached as everyone is aware how cheaper bitcoin will be when compared to ATH levels. This alone will keep prices to bounce back at any times. I guess we are already turned into positive edge as now everyone wants to stay with race rather than missing out good prices to enter.

pitiflin

hero member

Activity: 980

Merit: 507

Quote from: Fcola- on July 16, 2017, 08:22:49 AM

Hello,
I bought into BTC when it was worth both 2550 and 2320 for my personal trading. I now have 0.2007 BTC and not sure when I should get out. I have lost in total a hundred dollars just to the price of BTC. Is it worth it to get out now or should I wait for it to go back up to these prices?

Hold on ,don't freak out. I'd suggest you to wait atleast until August 1st week to see what happens ,but if you are afraid that you might incur more losses,there are chances of such a loss but a lot of people are saying that nothing will mostly to your bitcoin.But since "its mostly safe" there is still risk involved.Just decide and make a decision in which you won't regret later on but also a wise decision at the same time.I wish you best of luck.

stompix

legendary

Activity: 2912

Merit: 6403

Blackjack.fun

Quote from: fabiorem on July 16, 2017, 09:02:31 AM

I have bought my first bitcoin in 2015. It was 1BTC at that time.

Wow, Incredible!!

You managed to get your first bitcoin when the price for 1 btc was 1 btc?
You should really start writing a book about this.
I bet you're the only guy that managed to buy at this price.

Quote from: mrjoy15 on July 16, 2017, 09:42:03 AM

Major Support Level – between $1800 - $2000, so it's very important to maintain the $1800 support level. Many people were afraid if Bitcoin Price Breaks Down this level. In the case Fear are working perfectly to bring BTC price down with sold out.

The "major" support level is a puny 10k coins buy orders around all the exchanges at the moment.
One slight panic on one of them (most likely the btce troll factory) and the support will evaporate.

Those are the moment when people who don't give a damn about price and that have invested just as much as they afford to lose grab their popcorn and enjoy the screams of morons, sheep, trolls and so on.
Cause the entire forum looks right now like a drama theater.

ktabb

full member

Activity: 266

Merit: 103

Quote from: Fcola- on July 16, 2017, 08:22:49 AM

Hello,
I bought into BTC when it was worth both 2550 and 2320 for my personal trading. I now have 0.2007 BTC and not sure when I should get out. I have lost in total a hundred dollars just to the price of BTC. Is it worth it to get out now or should I wait for it to go back up to these prices?

It is likely to continue a long term bearish trend, as it usually does after bubbles. Bitcoin was clearly very overvalued and still is, so there is a lot of room for it to keep falling over the next several months/years. You have two options: 1, sell now and try to buy back in at a cheaper price in a few months, or maybe below a particular price (I would suggest $1500 or so). Option 2 is to just hodl, so long as you are willing to look at your portfolio in a year or two and not freak out that it is worth half of what it was when you first bought in. Bitcoin will have another bubble. It does this over and over again. It will likely hit $5k+ at some point in several years. If you hold, be willing to hold for at least 5+ years.

JeffBrad12

hero member

Activity: 2954

Merit: 533

Leading Crypto Sports Betting & Casino Platform

Quote from: xFiber on July 16, 2017, 09:16:57 AM

HODLLLLLLLLLLLLLLLLLLLLL! Come on why do I keep seeing people like this. Hold your damn coins. There is no point is selling, in fact if you sell right now you're part of the problem. This drop in price was expected so you can either take your loss and gtfo or hodl and make profit in a couple of months.

The problem is too many traders of bitcoin wants to buy the more bitcoin at the cheap price before the hardfork will end. It's about their speculation to take the decent profit from bitcoin in the future. Are you consider those are selling the bitcoin was a part of the bitcoin problem? relax, pump and dump just a common thing in crypto.

mrjoy15

hero member

Activity: 868

Merit: 504

Major Support Level – between $1800 - $2000, so it's very important to maintain the $1800 support level. Many people were afraid if Bitcoin Price Breaks Down this level. In the case Fear are working perfectly to bring BTC price down with sold out.

Kolder

hero member

Activity: 896

Merit: 500

Just hold. Early exit is not the answer to overcome your loss. You are not actually loss unless you convert your btc in fiat for low price. There is still a lot of time for bitcoin to recover. This price dump is just because of split and the price will be pump again once miner are united again after the split. Me too are on loss not just 100 bucks but thousand bucks. But i'm not over thinking it as my loss since I still hold my bitcoin. I can untill next 5 years. Grin

dquancey

hero member

Activity: 586

Merit: 500

Quote from: xFiber on July 16, 2017, 09:16:57 AM

HODLLLLLLLLLLLLLLLLLLLLL! Come on why do I keep seeing people like this. Hold your damn coins. There is no point is selling, in fact if you sell right now you're part of the problem. This drop in price was expected so you can either take your loss and gtfo or hodl and make profit in a couple of months.

Well, if he sold now, then rebuys if/when it goes lower, then he'd start earning his money back.

To ask and answer questions like this, you need to understand how the market moves.

If you bought BTC as an investment(long term), then what are you worried about?

xFiber

sr. member

Activity: 336

Merit: 252

HODLLLLLLLLLLLLLLLLLLLLL! Come on why do I keep seeing people like this. Hold your damn coins. There is no point is selling, in fact if you sell right now you're part of the problem. This drop in price was expected so you can either take your loss and gtfo or hodl and make profit in a couple of months.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: Fcola- on July 16, 2017, 08:22:49 AM

Hello,
I bought into BTC when it was worth both 2550 and 2320 for my personal trading. I now have 0.2007 BTC and not sure when I should get out. I have lost in total a hundred dollars just to the price of BTC. Is it worth it to get out now or should I wait for it to go back up to these prices?

Not long ago Bitcoin pumped to $28000, crashed to $1800, then pumped up to $3000. The people who sold at $1800 were crying when it hit $3000. If the same scenario repeats do you want to be crying because you sold at the bottom? Don't sell because of the crash, hold your coins for the long term and wait for a new ATH before you consider selling.

fabiorem

sr. member

Activity: 1400

Merit: 347

I have bought my first bitcoin in 2015. It was 1BTC at that time.

I spend it to buy MEGA 2tb storage three times, and stayed with around 0.6-0.7BTC until 2017. MEGA was the sole reason why I bought bitcoin in the first place, and I hope I can pay more things with bitcoin in the future.

Then bought more in may and june 2017, during the recent rise, and joined Bittrex to trade on altcoins. Now I have 1.45BTC in my wallet, and more spread alongside altcoins.

Before this year I only had litecoin as an alternative to bitcoin. I have bought 15LTC in 2016, before their SegWit implementation.

In total I have something around 2.3-2.5BTC in bitcoins and altcoins together.

Didn't sold anything, nor I will. I really want to use bitcoin as a way of payment.

I think it's better to hold.

YIz

hero member

Activity: 686

Merit: 502

That's the nature of bitcoin, and nobody can predict the future.

Kprawn

legendary

Activity: 1904

Merit: 1074

A while back people got in at $1000 and higher and the price went down to $400 and they were asking the same questions. A lot of them sold, and

blamed Bitcoin for their losses, but some of them listened to our advice and more than doubled their investment when the price reached $2500+

So I am going to tell you the same thing I told them.... Hold on to your coins. The price will rise again, you just need to wait it out. Wink

RoommateAgreement

hero member

Activity: 770

Merit: 500

Bazinga!

ask yourself the most important question: why did you invest in bitcoin?

* was it because you wanted to make more money?
* or perhaps it was because you saw how bitcoin works, how it is a decentralized cryptocurrency that is giving you financial freedom.

answering this question will help you decide what to do with your coins...

Aura

sr. member

Activity: 518

Merit: 268

Keep it, price will go up after 1 August.
Don't worry about the current drop it's temporary. I lost way more than $100.

Techray

newbie

Activity: 29

Merit: 0

Quote from: dquancey on July 16, 2017, 08:24:21 AM

Depends on what you are investing for?

I accumulte BTC, so the price doesn't really matter to me.

But I imagine it'll drop lower than what it is now. If it breaks the $1800 area, then $1200 beckons.

I think the price now is better than a few weeks ago. So it is better to buy more.

j2ee

member

Activity: 93

Merit: 10

Quote from: Fcola- on July 16, 2017, 08:22:49 AM

Hello,
I bought into BTC when it was worth both 2550 and 2320 for my personal trading. I now have 0.2007 BTC and not sure when I should get out. I have lost in total a hundred dollars just to the price of BTC. Is it worth it to get out now or should I wait for it to go back up to these prices?

You really need luck, drop so much in last 24 hours

Topic: Invested when BTC was at 2550 and 2320. What to do now? - page 2. (Read 1732 times)