Wait a minute maybe the price in the middle of the year will return to normal, because when your friends buy the highest price would have been using the calculation of steadiness.
So there's nothing wrong if you have to wait a little longer to make a profit.
Topic: Those who have invested in bitcoin when it was 18k-20k$ - page 3. (Read 2079 times)
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?
If I have that particular Bitcoin amount during the time slide down the price of bitcoin of course I really quick
decide to hold my bitcoin because obviously your capital become lose then you will wait until it the price high come up, just like the story of my little investment in BTC when I've notice that bitcoin will continue going down I can immediately withdraw my few investment to avoid lose capital.
If he doesn't need the money right now, maybe he can wait some more before selling. Or just a portion of it if he totally needs it. I know I would if it were me. Cutting losses right now would be a terrible waste.
I think they already sold their coin when it was dumping or before it hit about $15,000,
Or maybe some of them are still holding but if I am one of those who bought at that price I would surely hold it.
Or maybe some of them are still holding but if I am one of those who bought at that price I would surely hold it.
Well they have to keep holding and waiting patiently until the price go up highly again. They haven't many solutions, if they sell with this actual BTC rates, their losses would be really big. I think most of them studied the market well before investing, and have already their plans to keep holding for long term, even for several coming years.
They do have many solutions if they are good traders. THere are many people who bought bitcoin at 18k-20k$ and sell at 10k$. Then, they bought at 6k$-7k$. Well, therefore, they do not lose much money and you guyes thought No one forces you to sell all your coins, you can sell like 10%. And if the price goes up exactly after that moment, which is rarely the case, you can just deal with that and keep on holding your remaining coins. But if we look at the price patterns which repeated themselves since the price started to go down in early January, there were a lot of opportunities to make up for your losses even if you bought at the very peak in December. Just resist the urge to sell it all when you start selling at a loss.
If you invested in bitcoin at 18k-20k then it is imperative that you hold on to your coins and not sell it off because if you do you will be selling at a loss and recording massive losses but if you hold till the next bull market, then you can make some profit.
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.
Right now, although this is a dip and it has been observing since the last three months. One of the longest dip for Bitcoins so far where since the last December, prices got down so drastically from $21000 to $7000 or around in just one week. So yes, now prices are trending towards up so gear up your belts and don’t sell. Hold until the prices surpass your buying amount and then sell. I think it's the most important thought. As long as you are in the plus it's not that bad. For me it's the same, so i don't really care that much. And I think the dip will be a lot deeper, but it's crypto, i think we will see the bulls in summer . My initial investment of $1000 currently sits at about $3000 from an ATH of about $20,000. It Goes down 8-10% than bounce back 5-6%. If you are a good trader you could time it and capitalize well. The price is so low now that there aren't profit in mining anymore. So would play with caution concerning mineable coins
There are times that we really lose especially in crypto market. But, we shouldn't be worried because we know crypto will never give us hard time to get back our losses as long as we know how to manage our assets then were good. Like at these time, we can actually buy some coins because its value is at dip and sooner it will increased and price will be enough for us to earn some profits.
During this peiod wherein bitcoin was in this price, a lot invested specially when speculations that it was going to reach 50k$ was almost everywhere. But sadly it did not happen. I hope it is going to happen in the future. I feel for them but they have no other better choice but to wait.
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 do have many solutions if they are good traders. THere are many people who bought bitcoin at 18k-20k$ and sell at 10k$. Then, they bought at 6k$-7k$. Well, therefore, they do not lose much money and you guyes thought I think it's the most important thought. As long as you are in the plus it's not that bad. For me it's the same, so i don't really care that much. And I think the dip will be a lot deeper, but it's crypto, i think we will see the bulls in summer . My initial investment of $1000 currently sits at about $3000 from an ATH of about $20,000. It Goes down 8-10% than bounce back 5-6%. If you are a good trader you could time it and capitalize well. The price is so low now that there aren't profit in mining anymore. So would play with caution concerning mineable coins
Its good that some were able to bought their bitcoin at low price, they could still have profit on it. Its always a rule to buy at low price and sell in high price. However, some people were able to bought their bitcoins last year when the price is at $18k to $20k thinking that they could gain profit and bitcoin will always have peak season, and thats actually the wrong move as an investor. Well, if i will be in their shoes id rather hold it first and wait till it rise again and gain profit. 
I think it's the most important thought. As long as you are in the plus it's not that bad. For me it's the same, so i don't really care that much. And I think the dip will be a lot deeper, but it's crypto, i think we will see the bulls in summer . My initial investment of $1000 currently sits at about $3000 from an ATH of about $20,000. It Goes down 8-10% than bounce back 5-6%. If you are a good trader you could time it and capitalize well. The price is so low now that there aren't profit in mining anymore. So would play with caution concerning mineable coins
Just imagine those guys holding these assets now. They will get rid of them asap when bitcoin reaches the level they bought at. I think that they dont want to experience that stress again. So there will be a sale at every key price level that bitcoin reachs. This will prevent it from growing too fast.
That is the reason why that is going to be a huge resistance and anything that would make us to break that resistance this year, then that is going to be a good news. There is going to be a huge sell off at that region, so we should believe that unless there is a mass adoption or the news changes highly to positive, then we may assume breaking it should be possible but we have to just wait and see how things turn out.At this stage, I am sure anyone who is smart would not bother about now, but would only take advantage of the dip to make up for the loss that was accrued from buying at the top. It is the way life is and rather than complaining, at least just finds something from it that you can utilize for your own gain. I know how crazy it is as I have been there but it is the long run that matters anyway.
Not at that level, no - but still way later than the lucky ones. 
I would understand any level frustration but that is a normal economical cycle. First something gets interesting, way more people invest and slowly the value normalizes again. The most important long-term effect of the spectacular rise is going to be, that the broader public got in contact with the concept and is going to become more interested in new blockchain ideas.
I would understand any level frustration but that is a normal economical cycle. First something gets interesting, way more people invest and slowly the value normalizes again. The most important long-term effect of the spectacular rise is going to be, that the broader public got in contact with the concept and is going to become more interested in new blockchain ideas. 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 do have many solutions if they are good traders. THere are many people who bought bitcoin at 18k-20k$ and sell at 10k$. Then, they bought at 6k$-7k$. Well, therefore, they do not lose much money and you guyes thought 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.
You are assuming the best out of those people, if they were that smart why they bought bitcoin when the price was so high? It was obvious that it was impossible to maintain that price for a long time you did not needed to be very smart to know that in fact those that invested at that time invested because they were afraid that bitcoin will skyrocket out of control and they will not get profits, they invested not because they did an analysis they invested out of impulse. 
In December bitcoin's price had a totally unsustainable parabolic rise. Those who buy any asset during a phase of parabolic rise should be aware of what they are risking. If they are not, they will become aware only by the way of a the inevitable catastrophe which usually follows the parabolic rise of the price of an asset.
It's quite unfortunate for him, but these are the type of risks that you have to accept when getting involved in cryptocurrencies. Hopefully sooner or later it will raise again to those levels, but he simply got in at the wrong time, not much he can do about that. If I had gotten in at that point I would hold, because selling now will for sure be at loss, and I would rather have the chance of making some profit instead of having the certainty of loosing money.
I will not put the blame on the people who have purchased the bitcoin when the price was highest of all the time and the reason is that at that time the price of the bitcoin was getting higher continuously and the predictions were that before Christmas the price will be around $25k, so those who joined the platform of the bitcoin late, were also expecting the small profits but the market suddenly started falling.
at that time no one thought about such a strong fall, now many think that they did wrong, and now they are waiting for a reasonable price to sell 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?
It was very obvious that those people who invest on that day are just joining the hype in the market and they are not well knowledgeable about how the system works and this is the main reason why they quit on trading because they obviously lose a huge amount of investment.
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