You should have sold that amount ASAP.
Now you have 3 choices.
1. Hold your BTC in a secure wallet, prepare popcorn and wait
2. Sell your BTC at loss
3. Trying to short part of your BTC and hold the other part. (note that shorting now can be risky)
Topic: Journey to Hell, With Bitcoins - page 3. (Read 2492 times)
I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
Hold the coins and the convert them into cash when you need it in the future, if your living paycheck to paycheck then keep a fraction of the original amount when you receive them.
The amount of time it takes to convert it to a cash position is not that long once you receive the coins the greed and opportunity you took was based on the speculation it would go up when it really went down so you may as well just wait for a recovery.
I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
You should sell your all bitcoins now , if you will not do this then you may loose your all coins or you can get only less money.I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
SEll your coins now and buy coins later when price will go below 1200 usd and then hold it.you may recover your lost.
I've seen you ask this multiple times, and still are asking the same thing.
your first mistake was getting greedy. I see from your other topic you kept dreaming of $3000. instead you should have cashed out some and kept the rest.
your second mistake is asking random people on the internet instead of doing your own research. and also from the responds you received so far it seems to me like you only chose to listen to those who said it will rise instead of others.
now here is what I say. price may rise or it may fall. it is up to you to decide how much risk you want to take. if you sell now price may go up and break $3000 and reach $5000 by the end of this year.
if you don't sell price may fall and reach $1500 by the end of this year.
all we know is that the current drop down to $2000 is because of a fear of split.
we also know that nobody wants a split, not the investors, not the miners, not the services, nobody wants it.
we also know that SegWit has a very high support these days (above 90% in total).
we also know it will be activated one way or another in August. the BIP148 despite all the drama is forcing the hands of the miners.
and with a high support the risk of a split is nearly zero.
your first mistake was getting greedy. I see from your other topic you kept dreaming of $3000. instead you should have cashed out some and kept the rest.
your second mistake is asking random people on the internet instead of doing your own research. and also from the responds you received so far it seems to me like you only chose to listen to those who said it will rise instead of others.
now here is what I say. price may rise or it may fall. it is up to you to decide how much risk you want to take. if you sell now price may go up and break $3000 and reach $5000 by the end of this year.
if you don't sell price may fall and reach $1500 by the end of this year.
all we know is that the current drop down to $2000 is because of a fear of split.
we also know that nobody wants a split, not the investors, not the miners, not the services, nobody wants it.
we also know that SegWit has a very high support these days (above 90% in total).
we also know it will be activated one way or another in August. the BIP148 despite all the drama is forcing the hands of the miners.
and with a high support the risk of a split is nearly zero.
The one point which comes after this analysis is since there will be no split, the bitcoin price will be roaring after August 1 and by this analysis, no one should sell the coins for cheap. This is the best analysis i have seen so far in the current situation.
A lot.of people who recently joined bitcoin got burned. Now the are selling at a loss just to get a quick exit. They are not an investor but they just joined because someone told them. They dont have ang believe on bitcoin and don't know what it can do. Now panic is in the air and for me this is an opportunity. Just keep on buying guys.
well, sell!
sell and get out.
you clearly think bitcoin is just the "price" that is supposed to always go up and make you rich, so it is best if you sell and stay away because bitcoin will disappoint you. bitcoin will only have a realistic rise based on adoption and sometimes it will have big drops like this because the market is full of idiots who wanted to become rich over night and they failed.
sell and get out.
you clearly think bitcoin is just the "price" that is supposed to always go up and make you rich, so it is best if you sell and stay away because bitcoin will disappoint you. bitcoin will only have a realistic rise based on adoption and sometimes it will have big drops like this because the market is full of idiots who wanted to become rich over night and they failed.
I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
Although Bitcoin is dumping, definitely it will pump again. Just hold it. And I avoid the getting payment on BTC for some time.
One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.
Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher.At that time, fan guys of BTC's were shouting for more up BTC/USD price...I was greedy obviously and lost enough.
Hold and you'll be happy in a few years.
Simple,Bitcoin isn't for you along with all the traders who think bitcoin is bad just because the price is falling down.You shouldn't be using bitcoins in the first place.The price comes off due to the panic selling and suddenly people lose their minds,as if you have put in efforts to take bitcoin where it is today.
You've suffered a loss? Good,don't expect the market to work in your favor 24*7.
You've suffered a loss? Good,don't expect the market to work in your favor 24*7.
I'm not a Fan Guy of Bitcoins.
GTFO 
If you accept bitcoin as payment method, you should've prepared to see and handle when bitcoin price is drop/rise. Also, you shouldn't believe baseless speculation about bitcoin price from other member/news.
If you're not ready to suffer losses (or profit) from volatile price, you shouldn't accept bitcoin or immediately convert your bitcoin to fiat after you receive the payment.
If you're not ready to suffer losses (or profit) from volatile price, you shouldn't accept bitcoin or immediately convert your bitcoin to fiat after you receive the payment.
You should have converted your Bitcoin when it was at least in the $2500 level so that loss was just minimal. Right now, it is getting to be lower than $2,000 and I am sure the rate can be dropping more. Now, if you are a risk taker, there is a big possibility that after August 1, the value would get back to surge. Maybe you just have to wait.
One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.
Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher.At that time, fan guys of BTC's were shouting for more up BTC/USD price...I was greedy obviously and lost enough.
at that time nobody knew the split is going to become a big FUD because nobody had a time machine to see the future. and if this FUD about the split never became big and people didn't take it seriously then price would have only had a small correction back to $2500ish and by the end of the year price would have been nearly $3000.
but things changed. the FUD became bigger, and nobody cared enough to check the reality and they all decided to believe what they read from a comment and panic sell their coins.
if you want to blame anyone, blame the idiots who don't know the difference between a fork or a split but yet give opinion about everything related to those.
I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
Guy, you are not the only one involved here as several people are in the same dilemma its what you sign up for by default the moment you accepted to receive your payment in btc with the hope of it to increase. The only option you have now, is either to sell and count your losses or simply wait which might be for a long time because no one knows the future but I would advise you wait, it has happened before and its happening again.
I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
You aren't in favor of bitcoin, your client paid you in BTC for your hard work, $3000, guess your client had no other option, but you had, you could have converted it to to your local currency with a minimal fee at that point in time. But you didn't, you favored bitcoin by expecting in short-term holding bitcoin would add a few additional dollars to your income, but it didn't. Welcome to bitcoin. Sorry for being blunt. Just hodl and wait, you wouldn't be disappointed. Keep earning.
One who freezes about the value fall ought to never keep it long as BTC. Operation ought to have changed it to fiat once in the wake of getting it in light of the fact that the cost increment and abatement are not arranged too it occurs in a hurry. Maybe a couple get benefitted and few find the opportunity to offer low, which can be overwhelmed by holding and offering when cost increments obviously
It's not an actual loss until you decide to convert it to fiat. What I would do if I were in your situation is just to hold on to much of that amount and wait out until there's more stability. The price has shown over the years that it can rebound after dips, but you must have the patience. Again, always easier said than done but that's the most logical thing to do right now, at least for me.
I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.
Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover
Firstly, I would definitely recommend taking bank transfers or PayPal money or any other form of payment for your job. Bitcoin isn’t at the stage yet where it is too be used as a payment method for your income. It is just too risky and it is meant to be a investment and not something like that. Well Bitcoin has fell to around 2000 USD now and it seems to be continuously falling but I would still not sell. August the first is coming around, and after that, the price should surge back up to around 2800 USD. Keep believing!
One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.
Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher.At that time, fan guys of BTC's were shouting for more up BTC/USD price...I was greedy obviously and lost enough.
People are doing some preventation to anticipate 1 Aug but I think it's normal since they also fear it will affect on bitcoin value.
But for me personally , I still keep most of my bitcoin by holding no matter what happen until it reach another halving on 2020 so relax , I'm sure after 1 Aug the value will be normal once again
But for me personally , I still keep most of my bitcoin by holding no matter what happen until it reach another halving on 2020 so relax , I'm sure after 1 Aug the value will be normal once again
One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.
Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher. Jump to: