I also want to know what the feeling of those people who entered at 18000usd.. but lets hope market will reach another all time high
It is very likely that those that invested at 18000 dollars are pretty hopeless about their situation because I think that most of them were new investors and the reason for this is that I find very difficult to believe that there were people that were experimented with bitcoin and decided to invest at such point, one of my very own rules about when to invest is to never invest when bitcoin has reached an all time high and that is a rule that I have no intention of breaking. 
Topic: Those who have invested in bitcoin when it was 18k-20k$ - page 2. (Read 2079 times)
I think that many when they invested at that price did not expect such a fall they believed that prices continue to increase, but now for them the best solution will be the expectations of a price increase
I don't have experience myself, because I have not enough money to buy bitcoin. I think a lot of people have experience like your friends. Investing bitcoins is very risky, it takes experience and patience. You should convince your friends to hold their bitcoin, because your friends are now getting panic. Give references and descriptions to your friends, maybe in the future, bitcoin price will be more than $ 25000. Hold bitcoin until the expected price. Patience is the key to success in bitcoin investing.
if so, just hold it. i think there are a lot of people who also buy at peak.
Well they haven't many choices, they are almost forced to keep holding their Bitcoin until the price go up highly again, it can taking few years until BTC reach $20k again, but it is always better to wait than selling with low rate and making big losses.
Well they have to keep holding and waiting patiently until the price go up highly again. They haven't many solutions, if they sell with this actual BTC rates, their losses would be really big. I think most of them studied the market well before investing, and have already their plans to keep holding for long term, even for several coming years.
They have the other way out - why not trying to learn more about the existing ICOs and invest in these projects? They will not lose anything - the only risk here is to pick a project.
those who invested at that time counted on the fact that bitcoin would continue to rise in the price range, but they were mistaken
I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
That was the main reason why I am afraid of investing at a high price because I better know that although it was attractive to do such thing because of that high price Bitcoin have possessed, still its volatility is making its way to drop the price down making big investments during the peak season to drop in price making such investments to suffer into a great loss from their initial amount they have when they have invested at a high price. So better think that before investing that your money should go rising not into dropping because you are investing to earn profit not great losses. In that case, better hold for a while until you can get through regain your loss. 
It is the same scenario for about 4 years ago when the bitcoin hit almost 2000 USD ATH on Jan 2014 and then it suddenly collapse during the downfall of MtGox exchange sabotage where the price drops to 800 USD in less than a month and the price continue to drop in a span of 2 years where it almost reach to 200 USD, many bitcoin investors are very sad on that time. It also worsen when Warren Bufett talks about bitcoin is a bubble. If you are FUDder at that time and not a true bitcoin believer you will end up of panic selling and regret afterwards when the price recover during the year 2016 to 2017 but it also take almost 3 years to wait.
I also want to know what the feeling of those people who entered at 18000usd.. but lets hope market will reach another all time high
I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
I purchased my Bitcoins in 2012, when the exchange rates were around $10 per coin. I feel bad for your friend, but please tell him that he needs to be more patient. Bitcoin is just like any other investment. There is no guarantee that you will get a positive return. But if you hold on to your coins for at least 2-3 years, then the chances are that you will get a good profit out of it.
Unless I need money to buy some urgent need I wouldn't sell it. With time every thing would be normal and the price would go beyond 20k USD. Then you shall rejoice again. Just be patient and you will overcome this present situations of price.
Selling is such a bad idea that it is difficult to imagine that there is still people thinking of selling at this point, the only thing that can happen if you sell right now is that you will lose money and maybe I'm mistaken but investors are not putting their money at risk just to lose money, we want to earn more money and if that means that I need to hold for many years then that is what I will do.yes, we are going to lose our money if we decide to sell right now. I think people which buy bitcoin at $18k-$20k will still hold their bitcoin for a long time because this is what they can do now unless they sell when the price is still at $15k. but no one will know that the price finally down into $6k-8k and they think that after the down of the price, it will increase higher but the reality, the price is going to down again and again.
Unless I need money to buy some urgent need I wouldn't sell it. With time every thing would be normal and the price would go beyond 20k USD. Then you shall rejoice again. Just be patient and you will overcome this present situations of price.
Selling is such a bad idea that it is difficult to imagine that there is still people thinking of selling at this point, the only thing that can happen if you sell right now is that you will lose money and maybe I'm mistaken but investors are not putting their money at risk just to lose money, we want to earn more money and if that means that I need to hold for many years then that is what I will do. I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
I purchased my Bitcoins in 2012, when the exchange rates were around $10 per coin. I feel bad for your friend, but please tell him that he needs to be more patient. Bitcoin is just like any other investment. There is no guarantee that you will get a positive return. But if you hold on to your coins for at least 2-3 years, then the chances are that you will get a good profit out of it.
How likely is it that Bitcoin will reach 1M dollars in a couple of years if we take your 2012 price as a basis for our calculation? I don't think that very likely. In my view, waiting patiently when the price has already eaten away over 70% of your capital is not a very wise idea all in all. You have to be proactive because otherwise you are set to turn into a bag-holder one day. And this day may have already come. In general, it is not a matter of luck or lack thereof. Rather, it is a matter of statistics and time.
I do not think they will wait. The time when bitcoin is priced between 18 and 20k is December 2017. And now it's 6k8, so can you wait? According to what I think the market will be restored but if I go to that case I think I will not be enough to wait until the bitcoin rise back to that price.
i think many people also panic sell so they sell their assets despite loss. some people also sell it and buy back when the btc price falls as now. but to be able hold it until now would require extra patience I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
I purchased my Bitcoins in 2012, when the exchange rates were around $10 per coin. I feel bad for your friend, but please tell him that he needs to be more patient. Bitcoin is just like any other investment. There is no guarantee that you will get a positive return. But if you hold on to your coins for at least 2-3 years, then the chances are that you will get a good profit out of it.
I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
Surely there are many people who made the same thing and we can't blame them for doing a thing as such. They might be thinking and expecting that time thay the increase will be comtinuous. Keep jn mind that those who invested at that amojnt won't lose profit if they will not sell,as simple as that. As such,holding is really necessary to redeem the loss at this moment.I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
Surely there are many people who made the same thing and we can't blame them for doing a thing as such. They might be thinking and expecting that time thay the increase will be comtinuous. Keep jn mind that those who invested at that amojnt won't lose profit if they will not sell,as simple as that. As such,holding is really necessary to redeem the loss at this moment.
I do not think they will wait. The time when bitcoin is priced between 18 and 20k is December 2017. And now it's 6k8, so can you wait? According to what I think the market will be restored but if I go to that case I think I will not be enough to wait until the bitcoin rise back to that price.
I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?
I purchased my Bitcoins in 2012, when the exchange rates were around $10 per coin. I feel bad for your friend, but please tell him that he needs to be more patient. Bitcoin is just like any other investment. There is no guarantee that you will get a positive return. But if you hold on to your coins for at least 2-3 years, then the chances are that you will get a good profit out of it.
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