If you bought near $20K, you most likely about it at 1/3rd of the price compared to the people that invested at the end of 2021 and early 2022. Remember how celebrities were pumping crypto at the time. So many people are bag holding at $60K or so. Many already sold at a loss.
Your price is very close to the current price. Just dollar cost average every week for whatever price we are at and hold on to it. Nobody knows what the low will be or if it was $18K. Sure $10K is a great price however everybody is expecting bitcoin to go there and most likely it'll never reach that price and you will miss out.
Topic: Purchased at $23,500, when should I start to panic? When should I average down? - page 5. (Read 1030 times)
September 10, 2022, 10:59:39 PM
September 10, 2022, 10:58:35 PM
yesterday bitcoin is up more than 10% and it's back above $21k, you see nothing to worry about bitcoin falling, it falls and then rises is normal
if you don't get scared, keep catching the bottom and buy bitcoin at $19k a few days ago you are in profit
once you have invested, you should be confident with your choice and always keep a cool head, only then can you overcome the fear and temptation in front of you
bitcoin is a long term investment so don't look at its chart too much in the short term, it won't make the bitcoin price go up, it will only make your fear bigger
if you don't get scared, keep catching the bottom and buy bitcoin at $19k a few days ago you are in profit
once you have invested, you should be confident with your choice and always keep a cool head, only then can you overcome the fear and temptation in front of you
bitcoin is a long term investment so don't look at its chart too much in the short term, it won't make the bitcoin price go up, it will only make your fear bigger
September 10, 2022, 10:06:53 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
I advise you not to panic right now because bitcoin will surely return to the level of $23,500 and even higher. You can try to buy bitcoin again at the current price level and I think it will lower your average buy price. As long as the price is still under $20k, I think it's a good low price to buy but it's up to you because you have to analyze the price you want. We'll never know if the price of bitcoin will ever get back to $15k or even $10k and if it does, I'm not sure it will happen any time soon unless some really bad news hits bitcoin.At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
September 10, 2022, 06:49:16 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
No, you didn't make a mistake, just bad timing. As you can see, it's back to 22k. That's bitcoin! Get used to it.
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Consider buying more whenever you feel comfortable. Don't invest more than you can handle, and don't ever panic. Be patient. It's a long-term game. That's how you make money.
September 10, 2022, 05:55:15 PM
If you dont know when, just buy every month is really simple and easy to do. Whatever plan allows you to still be buying in 12, 18 months or however long. Its usually not best to try and enter a market and decide its now the best price or close. It could be we never see a price again in the teens but usually it requires alot of volume to ascertain a good level of confidence in pricing amidst upset. I do think the wider market continues to show upset for this whole year so crypto wont have any easy path. My judgement of BTC overall is that its been doing well in rough weather
September 10, 2022, 05:30:53 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
So do you think Saylor also had the wrong strategy when she announced that she was buying bitcoin in bulk between $40K and $50K?At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
I never thought buying expensive was a bad thing when the price dropped lower over time. You can wait for higher price in the future because the volatile bitcoin price will allow you to make decent profit if you want to hold it long term. Be wise when you own bitcoin, and now think of other strategies on how you can make a profit from it. You can accumulate bitcoin during dip, so make plan well for your future and avoid panic as much as possible.
September 07, 2022, 10:55:37 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
There are no benefits in panicking when you are investing (at least that's what I know). If you panic, you will end up losing your money permanently but when you decided to hold even the coins you are holding are down, you will be only losing impermanently and you can just hold it until it goes up again. It happens all the time so what you need is patience to go up again.
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Right now, Bitcoin's price is in the ATL of Bitcoin year-to date so you might consider accumulating more Bitcoin again now that it is in the $19,000 price range again. I will not wait for $10,000 or $15,000 because sometimes, waiting will lead to missed opportunities and for sure many who chose to wait are sometimes the one who are feeling a bit of regret. If you have some cash right now, maybe you can accumulate Bitcoin and just be patient to hold it. 
September 07, 2022, 06:47:13 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
I don't think you made a mistake, so no need to panic and sell it right now because obviously you will not profit. The best thing to do is just hold on it. What if the price shoot up in the next bull run? I guess you have to answer if you are for the long haul or not.
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
$15,000 would be a good price to average, again, what if the price didn't go down that low? You really have to understand what is your main goal first, be a long term holder or sell right away for a small profit?
September 07, 2022, 06:21:33 PM
1 BTC equals to 1 BTC. This is an unrealized loss, you do not have to panic, check the price history of bitcoin and see the good reason not to panic. If you can hold for like 2 years, you can just leave it there and see when the bull run will start. I will not advice you to sell in loss if you do not need the money for anything now.
Unless there’s no reason to sell, then panicking should be out in the picture. Bitcoin is highly volatile so expect that its price will move upward or in downward trend from time to time. Just stay patient and never check more often the price chart if you’ll be easily affected. That way, you will not be bothered especially when bitcoin price plummeted.
September 07, 2022, 05:15:59 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Why did you buy at 23.5k? What did you do when the price sits at 20k and lower? But it's acceptable if you are away last time or if you are a new comer in here. The price did drop by 5k. I know it's kind painful seeing it but I think there is no need to panic as panicking can only cause more problems.At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Just try to be calm instead because btc price can always recover. If not these coming days or weeks then it can surely occur on the beginning of October. If you want to, you can start adding more coins now in your stash. This price is better than your last buying price so this shouldn't gave you a heavy regret if ever the price drops more.
Maybe he is new to the market, the price did drop by 5k is a small drop and bitcoin could also go up to 5k in short time. Since he bought at 23k he should not rush to buy at current price, in my opinion he should wait for bitcoin to drop to 15k or maybe lower then keep buying.
Calm is what he needs to do now, don't panic or continue to buy in fear, uncertainty. Once you are not sure about something, you should calm down to review it all.
If you still believe in bitcoin, prepare a plan for the next drop, if you no longer believe in bitcoin then sell them and get out of the market now.
September 07, 2022, 03:57:57 PM
1 BTC equals to 1 BTC. This is an unrealized loss, you do not have to panic, check the price history of bitcoin and see the good reason not to panic. If you can hold for like 2 years, you can just leave it there and see when the bull run will start. I will not advice you to sell in loss if you do not need the money for anything now.
Unless there’s no reason to sell, then panicking should be out in the picture. Bitcoin is highly volatile so expect that its price will move upward or in downward trend from time to time. Just stay patient and never check more often the price chart if you’ll be easily affected. That way, you will not be bothered especially when bitcoin price plummeted. 
September 07, 2022, 02:41:03 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
What you are seeing currently is a "paper loss", not unless you hit that sell button (on which not a good idea). No need to panic as you have no choice but to hold in the first place. Besides, reaching the $23,500 level or higher is realistic. You just need to maximize your patience though.
If planning for another entry, then just buy at the current rate or the moment you think it's a good buy. Waiting for $10,000 or $15,000 is not wrong though but are you willing to wait for that price before taking an action? Regret is really part of the game and you can't avoid doing a risky move.
There are lots of "what if" after you made an action that's why you really need to stand strong in your decision.
No one should decide for you what will be your next move but only, it's you.
September 07, 2022, 02:22:22 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Why did you buy at 23.5k? What did you do when the price sits at 20k and lower? But it's acceptable if you are away last time or if you are a new comer in here. The price did drop by 5k. I know it's kind painful seeing it but I think there is no need to panic as panicking can only cause more problems.At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Just try to be calm instead because btc price can always recover. If not these coming days or weeks then it can surely occur on the beginning of October. If you want to, you can start adding more coins now in your stash. This price is better than your last buying price so this shouldn't gave you a heavy regret if ever the price drops more.
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
September 07, 2022, 07:25:16 AM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
I advise you not to panic right now because bitcoin will surely return to the level of $23,500 and even higher. You can try to buy bitcoin again at the current price level and I think it will lower your average buy price. As long as the price is still under $20k, I think it's a good low price to buy but it's up to you because you have to analyze the price you want. We'll never know if the price of bitcoin will ever get back to $15k or even $10k and if it does, I'm not sure it will happen any time soon unless some really bad news hits bitcoin. At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
September 07, 2022, 06:57:20 AM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
You found it a mistake because you see the price went down after buying but if you have see prices goes high, you really be saying "I was right". But I say it wasn't really mistake, it was just in the wrong time. What you need is hold and wait for the price to rallies back, it actually come someday, just be patient.
Quote
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
Actually, you can have it now. Instead of thinking selling your first bought Bitcoin, better keep it and accumulate more. In fact, that was the thing we supposed to do, "as wise investor". 
September 07, 2022, 05:03:31 AM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
that wasn't a mistake mate instead that is a normal way of buying when you fully trust the market you are investing , buying at high shows us how you believe in bitcoin to climb in the future.Quote
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
just let that 23k price in your folio and only buy more in the coming months or at least this September will make us have a chance to buy more in much lower prices. 
September 07, 2022, 02:53:20 AM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
No, you bought bitcoin at a pretty good price. However, you made the mistake of not researching the volatility of bitcoin before investing, it is very normal for bitcoin to drop in price. Looks like you invest in bitcoin and you expect bitcoin to increase continuously so you can profit. Let go of that silly thinking if you want to continue investing in bitcoin, bitcoin is not a fast food box that we can indulge in quickly. Bitcoin profits come from long-term holding and only those who end up can enjoy its rewards.
September 07, 2022, 12:34:38 AM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
the right question here is that "What is your capacity to keep your coin and how long you can wait" because if you wanna deal with panicking then better to sell all your coins now and remain nothing .At what price point now should I consider to add more to average in at? Like, if you owned a bitcoin at $23,500, would you wait for $10K or 15K to start adding more to average in your high price of $23,500?
this is not the place for you to keep in risky market like this.
I would advise you mate to please keep your funds inside your folio and forget the market for a while .
I know this is hard but if you will look into what the market manage all this years? then you will understand that Holding is the best tools to profit here.
September 07, 2022, 12:05:18 AM
All those who think like this have to first ask themselves a very important question: why did I buy bitcoin?
Did you buy bitcoin to make a quick profit?
Then you made mistake buying bitcoin regardless of the price, bitcoin is not going to give you quick profit. It is too risky for that specially at times like this when the market is very unpredictable and manipulation is at highest.
Did you want to make a long term investment?
In which case there is nothing wrong with buying at $23.5k. It was a good price to buy at since nobody can see the future and the analysis says bitcoin is currently undervalued regardless of how much lower the price goes. For any future purchase I'd wait a little to see how effecting this current market manipulation is before deciding what the bottom is to start buying.
Long term investment is at least a year or two.
Did you want to day trade?
In which case you should be actively buying and selling bitcoin in all dips and rises not just any specific price.
Did you buy bitcoin to make a quick profit?
Then you made mistake buying bitcoin regardless of the price, bitcoin is not going to give you quick profit. It is too risky for that specially at times like this when the market is very unpredictable and manipulation is at highest.
Did you want to make a long term investment?
In which case there is nothing wrong with buying at $23.5k. It was a good price to buy at since nobody can see the future and the analysis says bitcoin is currently undervalued regardless of how much lower the price goes. For any future purchase I'd wait a little to see how effecting this current market manipulation is before deciding what the bottom is to start buying.
Long term investment is at least a year or two.
Did you want to day trade?
In which case you should be actively buying and selling bitcoin in all dips and rises not just any specific price.
legendary
Activity: 1358
Merit: 1565
The first decentralized crypto betting platform
September 06, 2022, 11:25:28 PM
I think I made a mistake buying at $23,500 (obviously), so when should I really start to panic now that we dropped to $18K?
Yes, you have made a mistake, but not the mistake you are thinking of. The mistake is buying bitcoin expecting it to go up in the short term rather than for what it is.
Also, I think you have started to panic.
The best thing you can do is to inform yourself very well about what bitcoin is and stop making short term bets with it as if you were trying your luck at the casino.
Jump to: