Topic: what should I do, I invested a lot - page 7. (Read 12515 times)
Why don't you make a cloud mine service yourself, it can be a profitable investment.
Now we are close to the bottom so you should invest all of your remainings in btc and wait.
860$ is very high buying price, you will have to wait for months to reach that.
There are good chances it will rise so don't worry.
There are good chances it will rise so don't worry.
1) Go to https://bitcoinwisdom.com/markets/bitstamp/btcusd
2) Click on the "1w" button
3) Have a cup of tea.
2) Click on the "1w" button
3) Have a cup of tea.
I am surprised that not a single person here has given the standard advice of a financial advisor.
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Kid is upset about investing 80% of his money for college... so we should advise him to invest his remaining 20% in something else? Yeah ok.
600 was the average in previous months. Do not worry, it will climb as BTC is expanding, but no one can tell how soon.
I am surprised that not a single person here has given the standard advice of a financial advisor.
For the avoidance of doubt, the standard advice is to diversify your portfolio.
Diversification merely decreases variance, but does not change expected return. For the avoidance of doubt, the standard advice is to diversify your portfolio.
Whether this is wise depends on how bad it would be to lose a lot of your money (which depends on stuff like how old you are, if you have kids, a stable job etc.).
Sometimes it's better not to have too many eggs in your basket so you can watch the eggs that you have closely enough (or avoid having to spend a disproportionate amount of time in a $100 "investment").
For sure it is a good default advice to follow, but it shouldn't always be the rule.
So when the price goes back up, they get them to buy back in because things are looking good for Bitcoin again? Genius. 
Nope, because that would not be standard investment advice. It would break the portfolio diversification rule.
Do you remember your granny telling you "Don't put all of your eggs in the same basket"?
That stands whether your investments have gone up, down or sideways.
Grandma always said "Math my boy, that's where the moneys at". Never once did she say the things you're saying.
She wouldn't believe it for a second, and probably would call you out on your terrible advice and bad portrayal of a financial advisor. Telling your clients to sell after they've had loses? Interesting theory, but terrible advice.
Because if you really had a mind, you'd tell them to buy more. It's simple math really.
You bought at 8, its now at 5. So when it goes back to 650,you've cut you losses in half. But lets try your way. buy at 8, sell at 5. buy something else at 8 and sell at 5...hmm. Doesn't seem quite right.
But I guess you need people like that to keep doing what you're doing.
I am surprised that not a single person here has given the standard advice of a financial advisor.
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Therefore the standard advice would be to sell a large proportion of your Bitcoin and to invest in other asset classes, in order to have a diversified portfolio.
That advice does not rely on a prediction of what the Bitcoin price will be in the future. It relies simply on the fact that YOU do not know what the Bitcoin price will be in the future (neither do I).
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Therefore the standard advice would be to sell a large proportion of your Bitcoin and to invest in other asset classes, in order to have a diversified portfolio.
That advice does not rely on a prediction of what the Bitcoin price will be in the future. It relies simply on the fact that YOU do not know what the Bitcoin price will be in the future (neither do I).
I agree. I think he should take this opp at 470 to reduce position by half. Use the funds to diversify
Investers should have patience or they end up loosing everything.
Calm down and wait for prices to hike.
Calm down and wait for prices to hike.
So when the price goes back up, they get them to buy back in because things are looking good for Bitcoin again? Genius.
Nope, because that would not be standard investment advice. It would break the portfolio diversification rule.
Do you remember your granny telling you "Don't put all of your eggs in the same basket"?
That stands whether your investments have gone up, down or sideways.
I am surprised that not a single person here has given the standard advice of a financial advisor.
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Therefore the standard advice would be to sell a large proportion of your Bitcoin and to invest in other asset classes, in order to have a diversified portfolio.
That advice does not rely on a prediction of what the Bitcoin price will be in the future. It relies simply on the fact that YOU do not know what the Bitcoin price will be in the future (neither do I).
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Therefore the standard advice would be to sell a large proportion of your Bitcoin and to invest in other asset classes, in order to have a diversified portfolio.
That advice does not rely on a prediction of what the Bitcoin price will be in the future. It relies simply on the fact that YOU do not know what the Bitcoin price will be in the future (neither do I).
So when the price goes back up, they get them to buy back in because things are looking good for Bitcoin again? Genius.
I am surprised that not a single person here has given the standard advice of a financial advisor.
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Therefore the standard advice would be to sell a large proportion of your Bitcoin and to invest in other asset classes, in order to have a diversified portfolio.
That advice does not rely on a prediction of what the Bitcoin price will be in the future. It relies simply on the fact that YOU do not know what the Bitcoin price will be in the future (neither do I).
For the avoidance of doubt, the standard advice is to diversify your portfolio. That advice stands irrespective of whatever may have happened in the past to your investments. Just because they have gone down, does not mean you should not diversify.
Therefore the standard advice would be to sell a large proportion of your Bitcoin and to invest in other asset classes, in order to have a diversified portfolio.
That advice does not rely on a prediction of what the Bitcoin price will be in the future. It relies simply on the fact that YOU do not know what the Bitcoin price will be in the future (neither do I).
You should buy more. Unless you think it's going to $200?
hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?
DO NOT SALE NOW. Consider it a 5-year investment, and you should check the price when it is due several years later. The last drop is nothing but a little wave.
hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?
Ask yourself:
1) Why did I buy bitcoin
2) Did I invest only what I can afford to lose?
If the answer to 1) is "to make money quickly" then you understood nothing about Bitcoin. Bitcoin is not a get-rich-quick scheme, it is a disruptive technology in its early phase, and thus it is very risky and extremely volatile.
If the answer to 2) is "no" then you made a big mistake because of the above. Being Bitcoin extremely volatile and risky you will get emotional and thus you will make mistakes.
Furthermore, you seem to have made a poor analysis of Bitcoin past performance. You say "I thought bitcoin would have risen again as usual", omitting that Bitcoin lost 94% of its value in the Summer of 2011 (from $32 to $1.98) and 80% of its value in the Summer of 2013 (from $266 to $50). Just by giving a quick look to the historic Bitcoin price chart you should have asked yourself: "am I ready to see my investment losing 60%, 80% or even 90% of its fiat value without worrying, as this kind of price depression has usually happened to Bitcoin after sharp increases in value"?
Looking at the bright side, post like yours show quite clearly that we are close to the very bottom.
hi, I invested a lot at the beginning of this year thinking bitcoin would have risen again as usual, I bought many btc when it was 830 and some after when it was 660. I waited for the pump but things are getting bad. I am wo4ried. I am 26 yo I am not rich and I invested a lot of my savings. I can live without, ok, but they were my savings. What should I do now? is this the end? Will bitcoin rise again at least until 830?
bolded for emphasis for those who say that "support and resistance is bullshit" hehe.
OP, sorry for your position. commonly held belief around here is that these here bitcorns are gonna be worth millions of dollars someday, so you got nothin to worry about!
The joke is on the OP - many of the Bitcoin $Fiat millionaires were guys who CPU mined for essentially free or they chucked in $5-$30 lunch money equivalent in 2009.
You can go in big on Bitcoin and risk being like the OP and baghold. Or you can research the 500 alternates to Bitcoin, decide on the winners and diversify $10 - $1000 (your budget varies) on each one and wait 5 years.
You can go in big on Bitcoin and risk being like the OP and baghold. Or you can research the 500 alternates to Bitcoin, decide on the winners and diversify $10 - $1000 (your budget varies) on each one and wait 5 years.
There're really no Bitcoin alternatives. In cryptocurrency, the first mover is the be all end all. The price of altcoins are all based on Bitcoin, and that pretty much says it all.
just sell it all. it wont bother you any.
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