Topic: Those who have invested in bitcoin when it was 18k-20k$ - page 4. (Read 2065 times)
Investments it is always risk, but the bitcoin has every chance to grow higher than $20 k, it is necessary to trust and wait.
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.
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.
I was stuck also when Bitcoin at the price of $ 19000, I bought it,
but I am lucky I always put the net if the asset down to 3% will automatically be sold,
my Bitcoin sold at $ 18500 then Bitcoin price continues to fall to the present, lucky I did not get stuck too deep..
but I am lucky I always put the net if the asset down to 3% will automatically be sold,
my Bitcoin sold at $ 18500 then Bitcoin price continues to fall to the present, lucky I did not get stuck too deep..
You should have told your friend the risk and advantage of bitcoin investment before investing or allow time for a research before investing, anyway you can still tell him that all hope is not lost, investment are safe it will definitely raise again
In reality bitcoin value is unpredictable. If you could ask that question? Nobody could answer the exact date but the important thing, is that, as long bitcoin has worth value, we could make business from it , and no matter what, bitcoin is a good source of income, the show must go on. Lets support btc throughout the
Year.
Year.
I also have friends who have the same fate as your friend .. but my friend does not lose hope and trust to bitcoin because my friend is very confident if this accident will end .. investing should be ready to face the loss, not just the profit in thought...
This scenario might be a nightmare for some of them because surely,they are losing profit at this moment. From a market value of 18k usd, down to 7000 usd, it is really a problem. But still, for some people, holding is still a good idea given that this year has jist started and due to rhe expectations that true increase on its value will happen.
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?
He is stupid enough to invest it in an all-time high where anything could possibly go wrong in any turn of event. Volatility of Bitcoin is there when it reached such amount and a sudden drop would basically hurt. Now that the problem is there, it is better to keep that investment on hold and wait for another rise.
I had brought 0.1 bitcoin at the rate of 19,000$.By today price it's low.But I had a faith in bitcoin and it will recover more than that by this year end.So I will hold till the price raise more than 19,000$.
I think not more than 50% of the people are still buying and holding until now around the 18,000k range, its simply a total lost and waste of money and many of the m had already liquify their cryptos to minimize loses, sorry to say but we need to wait at least q3 for the trend to pick up again, noted that big players wouldn't simply let the market down and there are chances in which it go back to that similar range, sell or hold? if you aren't afraid to learn more, you could just sell and try to go into other alts since many coins are pretty much discounted now.
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 have never felt what your friends are feeling now. I have never lost my hopes and beliefs about Bitcoin despite the very low Bitcoin price. And if I am in your friend's position, I will not sell my Bitcoin and I will still hold it. Because for me all that is only temporary.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's normal, most investors or even traders have done the same mistake investing out of FOMO. The best thing that your friend can do right now is not to panic sell, just hodl his investment because there's no point on selling your investment for 50% loss. Tell your friend that bitcoin is not a short-term investment.
Most of the people i know who have invested in bitcoin around that price, had already cut their losses once the price went down to 10k usd, it seems that FOMO was overwhelming at that time, what they lack is financial education, what they did was just ride the bandwagon and gotten greedy, they also forgot to do their own research. What's funny is when I told them about bitcoin around the 4k usd price, they said it was already high, but they invested at the 18k mark and above. Financial educational still needs to be done for them and more on investing, if they want to gain more from bitcoin, since it is a volatile investment.
I'm not sure if it has a lot to do with financial education as such. If I can put it this way, when emotions start to talk (it will be greed in this case), the voice of reason is silenced and no longer audible. So no amount of education will guard you from making this type of error. Recently, I read about some dude here who claimed to have 35 years of trading experience, and he still got caught with all the hype. I don't know how true his claims are in respect to his trading career, but it is obvious that you need a lot of experience to successfully withstand the call of the greed and the impact of crowd psychology.
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 have never felt what your friends are feeling now. I have never lost my hopes and beliefs about Bitcoin despite the very low Bitcoin price. And if I am in your friend's position, I will not sell my Bitcoin and I will still hold it. Because for me all that is only temporary. 
Personally, I don't expect that we will soon get back to 20k or even 12k, though that doesn't mean that we are lost. There is plenty of volatility in range of dozens percentages monthly which makes it perfectly feasible to make up for the losses incurred via trading. This is what people do everyday, and they not only completely offset the losses they suffered but even earn profits thanks to volatility.
You know when someone was expecting something pretty good and all of a sudden things started getting so messy. That is just exactly how it is. The market is highly volatile and that is the way it has always been, but as time goes on, people who are new will get to realize this and find a way to live with it.It can be crazy for real, as no one really want to see their investments beaten badly when they have the mindset that the market is going to be a strong one. But no market works as per our expectations and we need to accept ups and downs time to time.
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 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?
He is stupid enough to invest it in an all-time high where anything could possibly go wrong in any turn of event. Volatility of Bitcoin is there when it reached such amount and a sudden drop would basically hurt. Now that the problem is there, it is better to keep that investment on hold and wait for another rise.
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.
Honestly, unless we want to lie to ourselves, the fact is that I can understand how uneasy it may be for some who invested for the wrong reasons, and even those who did for the right reasons, may not have envisaged the volatility to get to this level.
In as much as some of us may think it is the way the market is based on our experiences and over time it would recover, the fact still remains that no one bought from the top can watch this lingering on and on while watching their investment being drained hugely and not have some little bit of fear.
However, it is the way things are but we have to just hold on strong until things get back to being positive and the market recovers, since selling now anyway would be pointless and this is one of the reason why you should always invest what you can afford to lose. Not that you have the mind to lose it, but to at least not bother about all these huge volatility if you are holding.
Now these people are under very high pressure. Probably all the time they are wondering what to do. Sell or hold. Under the influence of stress, they can make decisions unfavorable to them because they think that there is no good solution in this situation. It seems most reasonable to hold and wait for the price to rise.
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