What is the best advice for Bitcoin ATH investors ??

glowing10

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Quote from: Rengga Jati on June 15, 2020, 06:35:36 PM

Actually it depends on the target of your friend. If he plans to keep it a long time, then he doesn't need to do anything unless to keep holding until the price can be above $19,000. The problem is when your friend needs urgent money in a big amount, so he should sell the Bitcoin at any price. But, if he has enough money and not needed to sell the Bitcoin, I suggest HODL strategy. Of course, it is not easy to hold Bitcoin for a long time, it needs a strong belief and a calm mind. However, if you trust in Bitcoin, you won't doubt it to keep a long time.

The best strategy for anyone in this crypto space is that whenever the market falls or just have the bad day it is the time for us to start buying the bitcoin. Always ensure that each month you have a certain amount kept aside so that during the fall one can buy it. Also have the short and long view of the market and accordingly one can buy/sell of their coins and book profits.

dersu18

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kayvie

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Quote from: carlisle1 on June 17, 2020, 02:34:14 AM

Quote from: DDante on May 20, 2020, 03:26:19 AM

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

First thing is as long as the currency remains in your wallet meaning your investments still the same(only the Value via Fiat change but the volume is the same)

Next thing is If we are not in need of funds then why bother about your Holding?

People here always tells us to HODL then why not follow since the money you vested is willing to risk?

I highly agree to this, his investment will remain the same, nothing but only its value have changed. I know it is still stressful to see your investment to drop its value, we've all been there, but if you don't need the money yet, holding is the only and better choice until the value of it increases again.

carlisle1

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Quote from: DDante on May 20, 2020, 03:26:19 AM

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

First thing is as long as the currency remains in your wallet meaning your investments still the same(only the Value via Fiat change but the volume is the same)

Next thing is If we are not in need of funds then why bother about your Holding?

People here always tells us to HODL then why not follow since the money you vested is willing to risk?

Quote from: KenshinKen on June 16, 2020, 01:17:16 PM

Cut loss. Use the remaining asset to invest into other alt coins, buy low - sell high. Diversify the funds until you can fully recover while waiting for another ATH.

This is what he needs if there is a need to profit and spend but if not?if the amount he invested is just a spare money?i believe that we can just let it there.

jostorres

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Quote from: DDante on May 20, 2020, 03:26:19 AM

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

Don’t you think it’s funny how a lot of people don’t want to buy Bitcoin when the price falls, but they all start flying in when the price is pumping and going to another high price? This is what you get when you’re not careful and don’t seek for advice or go for a simple research. It’s really bad.

Do you still think there is another option for him? He’s just going to leave that money there and pray that price goes up from now to next year so that he can recover his losses. If your friend should go ahead and sell after buying at ATH price and losing, then it’s of no need. So, he should just leave the money there. This is part of experience and he’s learnt from it.

harizen

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Quote from: KenshinKen on June 16, 2020, 01:17:16 PM

Cut loss. Use the remaining asset to invest into other alt coins, buy low - sell high. Diversify the funds until you can fully recover while waiting for another ATH.

Only good if they were able to do it early. They should be able to cover the loss by now* with focus and proper trading.

However, not too late if that person is really eager to cover the loss.

Either put an end for that patience, sold some coins from 2017, or let it hold more and used new funds to start. I prefer the latter if I have decent funds.

Kelvinid

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Ways to far to get back at that price.
Bullrun will have to come SOONER but the time we don't know WHEN. We can't be hopeless anyway to think about it. We just leave those coins in our wallet and let it grow in time.

What we look now is another opportunity to recover those days that we wasted, by starting accumulating Bitcoin and some Altcoins could something to help and uplift our chances to get back the money we lose after 2017 ATH. Time we need to restart and don't get fall into broken promises.

hahay

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If I were in that position then I would just keep holding it in and remain confident the price of bitcoin would definitely surpass the previous ATH and if it had been embedded in me and my mind, then of course it would not prevent me from making another purchase at this cheap price. But if indeed we have a challenging mindset, then I will convert it to altcoin and do day trading to turn losses into small profits every day.

Swordsoffreedom

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There are some systems of trading, since he has invested in a loss project and now there will no gain to regret. Instead of regretting, he should try to recover the loss. If he has bought Bitcoin at 19k price and still holds them. then he should sell that at the current highest price, as well as invest more. Then he can buy at a lower price and sell at a higher price so that he can recover the loss by trading in this way. To me it seems to be the most effective way to recover his lose, moreover, there is no benefit in holding them.

KenshinKen

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Cut loss. Use the remaining asset to invest into other alt coins, buy low - sell high. Diversify the funds until you can fully recover while waiting for another ATH.

Stedsm

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I believe he must "lock-down" his coins as he's usually doing till now and just quarantine them for a few more months till we make a new ATH (yes, we are just a few months away from seeing a new ATH price tag for btc as the sentiments are proving it). So, hodl and hodl a bit more longer is my only advice to your friend.

Saisher

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Quote from: DDante on May 20, 2020, 03:26:19 AM

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

I like to salute you for your patience, imagine you are still holding the coin you bought at $19 k, it's a very long wait, now that you have waited that long why not extend your patient and just wait a little more, you seems to have a stable income because you are not tempted to sell your coin, maybe you really don't need to trade or sell your coins because of your need.

joinfree

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it's such a hard feeling and a big bitter pill to swallow but any investor who bought into crytpocurrencies during those days should come to the realization that they lost and accept their loss. It will be better to sell and invest with it to increase your profits with time than to wait for it to rise again.

Leo

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Two things is involved in this situation for him to recover from the loss, if your friend is a good trader he should trade the bitcoin, by buying low and selling high or he should trade the bitcoin against altcoin to gain more units of bitcoin which might eventually be up to or more than $20k if he chooses the right coin to invest, or better still he should hold the bitcoin till it reaches its previous all time high, I'm optimistic bitcoin will surpass the previous all time high but no one knows when it's gonna be

kotajikikox

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Quote from: DDante on May 20, 2020, 03:26:19 AM

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

They already afford of waiting until now for more than 2 years,so i believe that waiting another 2 years again is not that long for them right?

Not unless they have a badly need for that amount and needed to withdraw.

But if there is no demand and can be leave again in wallets?keep it hold.

Look at those who early adopted Bitcoin,they have waited for more than 5 years and the product of waiting pays off.

Amandasorlik

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situation invest on doge XDD

angrybirdy

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Well, your friend already accepted the fact that he lost so much money but then decided not to sell it. He is in the right direction, he should continue to keep his bitcoin. Once new ATH was achieved, I know that all those hard times he got will be replaced with joy for being a strong holder.

Debonaire217

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Quote from: Rengga Jati on June 15, 2020, 06:35:36 PM

Actually it depends on the target of your friend. If he plans to keep it a long time, then he doesn't need to do anything unless to keep holding until the price can be above $19,000. The problem is when your friend needs urgent money in a big amount, so he should sell the Bitcoin at any price. But, if he has enough money and not needed to sell the Bitcoin, I suggest HODL strategy. Of course, it is not easy to hold Bitcoin for a long time, it needs a strong belief and a calm mind. However, if you trust in Bitcoin, you won't doubt it to keep a long time.

That is the time that your friend accepted the losses he got from bitcoin. Because basically if you bought at that high amount, you should keep your bitcoin and hodl it for a long time, wait for the price to be equal or somehow increase a little bit so you can compensate the time of your waiting for a small profits. But for us who believe in the capability of bitcoin, there's always a chance that we can reach ATH because of the mechanism of halving which pushes demands for bitcoin's price to increase. Wait, they are really pushing the price because miners need it. And I think everyone wants bitcoin's price to increase so it's not impossible for these investors to still have profits soon, in the long run, so just wait.

htsy585

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Quote from: DDante on May 20, 2020, 03:26:19 AM

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

It's really quite a sad story for everyone that got in during bitcoim ATH of $19k and i must say your friend is really strong for being uptimistic since then. There is a general saying in this space and I've come to realize how much of a truth it is; "You only lose when you sell at a price lower than your entry price". So far, your friend is still in the game and I'll advice he keep holding as when thing is certain in this volatile market, the price will rise up ome day no matter how long it takes

Rengga Jati

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Actually it depends on the target of your friend. If he plans to keep it a long time, then he doesn't need to do anything unless to keep holding until the price can be above $19,000. The problem is when your friend needs urgent money in a big amount, so he should sell the Bitcoin at any price. But, if he has enough money and not needed to sell the Bitcoin, I suggest HODL strategy. Of course, it is not easy to hold Bitcoin for a long time, it needs a strong belief and a calm mind. However, if you trust in Bitcoin, you won't doubt it to keep a long time.

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