Hold it, bitcoin might have struggled at bit to create its new high but slowly its going up again.
It has been proven in the past that bitcoin is always an asset that we can trust, your friend bought bitcoin during the peak, it was a mistake for short term traders but if your friend believes in the future of bitcoin, has has to hold it and wait until bitcoin will have a bull run and break the current ATH.
Think carefully, if he will sell that btc at the current price, then which coin he is going to invest? Bitcoin is the strongest in the market, altcoins is mostly dependent on bitcoin.
Topic: What is the best advice for Bitcoin ATH investors ?? - page 3. (Read 1094 times)
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??
Since your friend has managed to hold for so long, I would advise to him to keep doing that. There is no reason to change his strategy now. He should hold his position for another two years and perhaps add to it in the case another dip happens, to lower his cost average.
I'm not going to tell you we are going to the moon and that he should hold for ever. What I think is that in the next two years it will be clear if we will be able to ever make another ATH or not.
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??
There is no way beside hold, I know that is hard thing to do moreover if your friend need his money back. This is why some user in this forum always say when you spend money to invest in bitcoin then the important thing is yoy have to spend money that you can afford to lose. Your friend will not feel dejected although he still hold his bitcoin until now. Moreover with some news and some expert's prediction that spread in the crypto space they are trying to convince that bitcoin will have high price in a few years ahead. That is an insane prediction indeed, but at least the prediction can make many holder believe to stay hold their bitcoin.
It's quite unfortunate for anyone who bought bitcoin at > $18K.
And people looked upon those who bought at $32 in 2011 or $1200 in 2013 with great pity for long periods of time. Until those who arrived later started to dream of buying at those prices.
It's all about your appetite for time. If you're a believer and you're in no hurry you have a chance of looking like a champ a while down the line. There's still a lot of growth left, a lot of people yet to comprehend it.
Even when it has reached saturation and literally not one extra person will ever get on board the deflation will be starting to get into swing.
I have a friend who bought after mtgox collapse in 2013 for 700 dollars and held for a year until Bitcoin reached the lows of 200 USD. Then he lost all hope and sold thinking it's all over fort BTC. You can imagine how he felt the next year when it went back to 1000. He lost his savings by this one stupid mistake and the saddest part is that he held for over a year before selling at a low.
If OP's friend held for the last 3 years when the price was at 5000 and lower why would he panic sell now at 9 when he's still at a loss?
He went through atll this because being down 80% on your investment must feel bad and kept his coins and held. Tell him to be strong the worst part is over.
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??
Nothing! Just move on and dont let your emotion control you and if you dont still need money then better to held of those coins until we would reach up ATH or even higher for which you would able to
sell off those coins that you've been holding for too long and yes this would really test out your patience and if your friend do able to hold upto this time then i do consider that he do have that
strong self control because if this one happens to other people then they might already sell of wayback in previous years where price is crashing because they did panic that time but if you
are a believer then you'll surely wait up for the recovery.
It's quite unfortunate for anyone who bought bitcoin at > $18K.
And people looked upon those who bought at $32 in 2011 or $1200 in 2013 with great pity for long periods of time. Until those who arrived later started to dream of buying at those prices.
It's all about your appetite for time. If you're a believer and you're in no hurry you have a chance of looking like a champ a while down the line. There's still a lot of growth left, a lot of people yet to comprehend it.
One factor that I did not believe that deep on bitcoin was because of scammy look on the internet back then, there have been some quite issues with the internet all the world and you can't just trust anything on it, not until.... bitcoin just exploded. Even when it has reached saturation and literally not one extra person will ever get on board the deflation will be starting to get into swing.
You can ride any time with it actually, but then that's a risky part of you for a believer.
It's hard to see that some investors in those bull run days suffered such a great loss but the safest and secured proposal I can make is to hold till we reach another all time high suitable to sell and take profits. On the other hand, if he is adventurous enough then he can forget about his lost at the moment and invest into something else that can make him profits in the long run. An example is investing in masternode that have working products. Take for instance DIVI Project, Link, Digibyte, Tezos
The question is that can they hold? Some of them might find it worthy of holding because they didn't make a huge investment even though it is a huge investment it is part of their saving that wouldn't bother them. They can hold and hope for good return, bitcoin has potential of passing it's all time high but that will take a long time. If they can hold let them hold if they can't let them know how to trade to accumulate more of bitcoin.
We hope they can hold as long as they can because if they sell it right now, they will regret in the future, especially if they know that the price increase so high. That happened to some of my friends. They sold their bitcoin before the price hit $20k, and they don't have any bitcoin at all. At that year, they were shocked to see how it can be the price hit that such high price. They want to enter the market, but they doubt that they can follow the price, so they decide to leave the market.
And now, they are back to the market, and they told me that they already repurchase bitcoin when the price reaches $4,800, but they don't sell it now because they don't want to regret as before. They will wait until the price increase more than $20k because they have a target price to sell.
The question is that can they hold? Some of them might find it worthy of holding because they didn't make a huge investment even though it is a huge investment it is part of their saving that wouldn't bother them. They can hold and hope for good return, bitcoin has potential of passing it's all time high but that will take a long time. If they can hold let them hold if they can't let them know how to trade to accumulate more of bitcoin.
-snip-
NO. If you want to earn some satoshis, just earn it by completing micro task (faucets) here https://bitcointalk.org/index.php?board=212.07. No begging. [5]
But the most of these.. as you said.. micro task (faucets).. are frauds and scam...
So why are you telling me to go there?...to lose more..?
If you know anything specific, about a specific task, please help me
I do not have any problem, I you know any other way to make profits please tell me
I just asked
how do you know that they are scam ? you already tried them ? and why your afraid to get scam when you just need to work on them without the need of depositing your own money . he never said you go there just to get scammed but the guy was trying to help you . thats already specific and he cant just look for an actual site for you because that is already considered as spoon feeding . you should explore more for your self man , we all here started as noob on here but eventually we do learned alot too
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 also have a friend who bought his 0.1 bitcoin at $19k year 2017, because of fomo. He buy bitcoin to join the investors who are earning bucks at that time, but unfortunately the price of btc slowly turning down early of 2018. He already sell his bitcoin at $14k last year. He cant wait longer anymore so he sell his btc and quit.To those who buy their bitcoin at high price, dont sell if you dont need the money yet. There's a chance to recover your capital or gain from it if you wait and stay positive. Hold and forget for a while the current happenings on the market to bear waiting the right time to sell.
Tell him it is a good learning point.
Although I think he knows that already.
It had been 2 years and his thoughts might still be there from making an error.
Do not ride the hype. It always happen.
Next time do learn something before jumping in.
Although I think he knows that already.
It had been 2 years and his thoughts might still be there from making an error.
Do not ride the hype. It always happen.
Next time do learn something before jumping in.
What do you mean? Could you be more clear?
Tell him it is a good learning point.
Although I think he knows that already.
It had been 2 years and his thoughts might still be there from making an error.
Do not ride the hype. It always happen.
Next time do learn something before jumping in.
Although I think he knows that already.
It had been 2 years and his thoughts might still be there from making an error.
Do not ride the hype. It always happen.
Next time do learn something before jumping in.
-snip-
NO. If you want to earn some satoshis, just earn it by completing micro task (faucets) here https://bitcointalk.org/index.php?board=212.07. No begging. [5]
But the most of these.. as you said.. micro task (faucets).. are frauds and scam...
So why are you telling me to go there?...to lose more..?
If you know anything specific, about a specific task, please help me
I do not have any problem, I you know any other way to make profits please tell me
I just asked
-snip-
NO. If you want to earn some satoshis, just earn it by completing micro task (faucets) here https://bitcointalk.org/index.php?board=212.07. No begging. [5]
Edit :
But the most of these.. as you said.. micro task (faucets).. are frauds and scam...
So why are you telling me to go there?...to lose more..?
There is still many legit faucets, you can check and verify it in that's board. If the OP of the thread not get negative feedback and doesn't have any problem with the sites, then it's legit. You can also get a job in real life or freelancing. So why are you telling me to go there?...to lose more..?
It's quite unfortunate for anyone who bought bitcoin at > $18K.
It's all about your appetite for time. If you're a believer and you're in no hurry you have a chance of looking like a champ a while down the line. There's still a lot of growth left, a lot of people yet to comprehend it.
I like the term you used to explain and enlighten some misconceptions about purchasing Bitcoin at the peak.
Forgetting how Bitcoin was valued 10 years ago. Just like what you said in your first statement, people might be looking to buy at $20,000 in the future because Bitcoin might become 5x or 10x expensive than today's.
As long as the OP's friend won't try to take back his invested money in Bitcoin even if it means he'll be lossing some to cover possible huge loss, I guess he'll be fine, just keep it holding for a few years now.
Your friend desperately needs money: Your friend should have sold his stash as soon as BTC reached the $13K or $14K mark later on since he could have kept the losses to a minimal.
Your friend can afford to HODL: He needs to continue HODLING his stash since majority of the cryptocurrency community is confident that BTC will reach a new ATH in the near future after the recent halving event.
Your friend can afford to HODL: He needs to continue HODLING his stash since majority of the cryptocurrency community is confident that BTC will reach a new ATH in the near future after the recent halving event.
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??
The way you deliver the post meaning your Friend is capable of letting the money inside crypto and He can even wait more longerright?because he has been Holding this Bitcoin for the last 2 years and more yet nothing concerns Him.
My point here is Why you seems to be affected when the Owner of the currency is chilling and willing to wait for the next years.
actually i have also some part of my Holding that came from 2017( but small amount only because i did sell most of it in
December that year)
and i see no problem with it as long as i can afford to lose the said amount,though of course i cannot promise not selling in low
if there is emergency that happen along the way.
It's quite unfortunate for anyone who bought bitcoin at > $18K.
And people looked upon those who bought at $32 in 2011 or $1200 in 2013 with great pity for long periods of time. Until those who arrived later started to dream of buying at those prices.
It's all about your appetite for time. If you're a believer and you're in no hurry you have a chance of looking like a champ a while down the line. There's still a lot of growth left, a lot of people yet to comprehend it.
Even when it has reached saturation and literally not one extra person will ever get on board the deflation will be starting to get into swing.
It's quite unfortunate for anyone who bought bitcoin at > $18K. A run like that is hard to come by. I have two suggestions though
1. Buying Bitcoin at lower prices
Sometime in late February/ early March, Bitcoin dipped below $4K settling around $3.7K. Buying at the price level would've amounted to over 150% in profits. A profit margin like that would've reduced the losses incurred in 2017/2018 a great deal.
2. Continue holding:
While it seems like bitcoin might never hit the ATHs anytime, it should be noted that the market isn't predictable. Today, it's at $3500, next thing you know, we're talking about $10K. Bitcoin will probably get to its previous all time high and ultimately surpass it at some point in the near future. It can be frustrating and depressing to constantly check prices and not seeing it anywhere near your desired price.
There's a popular saying that you don't really lose until you sell. Since he has been holding since 2018, selling now doesn't seem like a logical option.
1. Buying Bitcoin at lower prices
Sometime in late February/ early March, Bitcoin dipped below $4K settling around $3.7K. Buying at the price level would've amounted to over 150% in profits. A profit margin like that would've reduced the losses incurred in 2017/2018 a great deal.
2. Continue holding:
While it seems like bitcoin might never hit the ATHs anytime, it should be noted that the market isn't predictable. Today, it's at $3500, next thing you know, we're talking about $10K. Bitcoin will probably get to its previous all time high and ultimately surpass it at some point in the near future. It can be frustrating and depressing to constantly check prices and not seeing it anywhere near your desired price.
There's a popular saying that you don't really lose until you sell. Since he has been holding since 2018, selling now doesn't seem like a logical option.
Jump to: