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Topic: What's your plan if you bought around all time high? - page 3. (Read 3229 times)

sr. member
Activity: 826
Merit: 256
If you know how to trade then try trading the half of it by buying some strong altcoins. You will missed a lot of opportunities if you only hodl your entire amount of bitcoin for another bullrun or all-time high. Although it is known to be risky, trading gives you opportunity to earn what you have failed to earn when you bought your during its all-time high. That is also my plan because nobody know when will bitcoin repeat and surpass its ATH last December 2017.
sr. member
Activity: 1330
Merit: 326
You are not the only one who was stucked and bought btc and some coins at a high price. Sometimes I do regret selling them when it recovered 50% then buy it today to at least get back what i lose but I did not do that and i prefered to HOLD. Keep on holding even if it takes years. It is the safest way to do.
sr. member
Activity: 1176
Merit: 301
I think I would just hold the half and make some profit from the other half by trading.
We could recover our money if we do it right don't fall for the trap make sure to invest in the right alt-coin so your money wouldn't get way deeper than it is right now.
hero member
Activity: 3052
Merit: 606
Very few users go out of patience and sell experiencing a big loss on the investment. When it comes to bitcoin the risk always gets to go along, majority keep hold and some make use into trading so that at least some small earnings could be made. If I've made an investment by the ath I would surely consider holding and trading with the respective investment.
You can still sell some of your coins to make profits atleast and then continue holding the rest of your coins because i believe what we are experiencing today is that the market will surely keep on pumping until it reaches another ATH.We should always think positively because it will somehow attract positive vibes though.
hero member
Activity: 2660
Merit: 651
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I didn't invest in Bitcoin when its price was around $20k or $17k but from the information I have gained throughout 2018 and 2019, investors who still had their Bitcoin when the price dropped from $20k to about $10k decided to invest in altcoins. This switch helped a good number of investors to obtain about 70% of their initial lost. But some sold their Bitcoin at the dip just to avoid losing all the capital invested into Bitcoin. Currently, I have observed that people who lost their money in Bitcoin are now back investing into Bitcoin again with the hope of gaining their lost back
I never brought when the market was at ATH either but if such occasion occur the best thing I can do is to hold till it Bitcoin halving bullish market.
With that been said, only and inexperience trader will brought Bitcoin during the all time high not to mention selling at loss price or switch their holding to altcoin which are highly manipulated, usually follow Bitcoin trend when the market is in bullish state.
full member
Activity: 1330
Merit: 147
I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  Sad What will you do when the market goes up and you get your money back. Sell or just keep holding?
I'll take my profit first and the rest I'll keep on my wallet. Yeah it's horrible when someone bought bitcoin on ATH 2017 ago. And I can feel too, but I didn't bought bitcoin but I bought ETH and Tron at that time. I bought when ETH price $1200 and you can compare with the current price and imagine how I felt the loss it is. However, this is that I shouldn't feel a regret I should have a lot of motivation to pass it and I should have a lot of patience to face it and I can do it so far.
hero member
Activity: 1484
Merit: 535
I didn't invest in Bitcoin when its price was around $20k or $17k but from the information I have gained throughout 2018 and 2019, investors who still had their Bitcoin when the price dropped from $20k to about $10k decided to invest in altcoins. This switch helped a good number of investors to obtain about 70% of their initial lost. But some sold their Bitcoin at the dip just to avoid losing all the capital invested into Bitcoin. Currently, I have observed that people who lost their money in Bitcoin are now back investing into Bitcoin again with the hope of gaining their lost back
sr. member
Activity: 1092
Merit: 256
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Very few users go out of patience and sell experiencing a big loss on the investment. When it comes to bitcoin the risk always gets to go along, majority keep hold and some make use into trading so that at least some small earnings could be made. If I've made an investment by the ath I would surely consider holding and trading with the respective investment.
legendary
Activity: 1526
Merit: 1001
I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  Sad What will you do when the market goes up and you get your money back. Sell or just keep holding?
People who buy Bitcoin in 2017 have indeed bought it at a high price range and they will definitely suffer losses when they sell it at this time. So all they need to do is wait, because I am very optimistic that prices will increase again. At least it can reduce the risk of large losses. When Bitcoin can reach a high price in 2017, it can also be done in the future.
member
Activity: 574
Merit: 12
Well to be sincere, I didnt buy when the bitcoin price was all time high, but then if I had bought and later bitcoin price grows to that height again, I will simply wait a little, then split my bitcoin into two, selling half and holding the rest. Just what i think for now though.
sr. member
Activity: 854
Merit: 281
I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  Sad What will you do when the market goes up and you get your money back. Sell or just keep holding?

I'm underwater on some buys since I dollar-cost average but I think BTC is a good long-term buy as a store of value. So the market volatility is irrelevant in the grand scheme of things. If BTC eventually becomes a global reserve currency, it should easily blow past its all-time highs.
sr. member
Activity: 2506
Merit: 368
I would rather hold it for more years if i could support myself alone with my money in a job, why not? It is considered as an investment but in a long-term, since i bought it during the ATH of Bitcoin. But if you do need the money and you got the price back, you should have sold it already and try to buyback again when the price is cheaper than the last price that you bought it.
sr. member
Activity: 1274
Merit: 267
I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  Sad What will you do when the market goes up and you get your money back. Sell or just keep holding?

Let me tell you that if you are looking for short-term profit then cut-loss is not always a bad thing. You can sell in loss and buy other potential coins to restore your fund. But, if you are not really looking for profit, then you can let it and try to forget your lose because no matter how long it will take, Bitcoin price will be back and there will be a new all-time high. This is what always be my plan. Enjoy!
sr. member
Activity: 1330
Merit: 291
I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  Sad What will you do when the market goes up and you get your money back. Sell or just keep holding?
Hold and move on, if its bitcoin don’t lose hope but if its a shitcoin i can say its hard to decide. All time high is not a good time to invest, this is the reason why we should take care investing during the bull trend. Learn how to trade and you can see your time to buy.

Frankly speaking,i will rather hold if i bought Bitcoin around ATH. Although many investors never appreciate the power of Hold but categorically, holding pays more than others strategies, so, hold for a long term will be the best of these group from 2017. Selling at this point; when the entire cryptocurrency market is yet to recover fully.
legendary
Activity: 1218
Merit: 1007
I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  Sad What will you do when the market goes up and you get your money back. Sell or just keep holding?
Very, very curious. There is no doubt bitcoin will surpass current price and as you state, all time high means currently any price higher than 20K usd. So if you have plan it's even more curious, why the hell will you invest in bitcoin when price will exceed 20k? Any idea? If you are extremalist, then yeah, buy at 20K and plan how to avoid going bankrupt when price starts to fall.
A lot of people probably got in at 20k because they thought it was going to continue plowing upwards as it had done for the months leading up to the $20k spike. I know that there was a lot of buzz on social media where people had dumped a ton of money in at the ATH because they all thought that it was going to keep going higher, even in excess of $100k. That, and with all the bullcrap that was happening with Bitconnect, people probably felt like there was nothing that could go wrong. Then the market happened, and everything came tumbling down.

A lot of people that bought in that high up and still hold onto it are probably bag holders from a year ago, and now waiting on trying to recover their losses.

Ah well, that's what happens when people get involved in something too good to be true.
full member
Activity: 728
Merit: 101
Bitcoin is the currency of this age
The only option is to keep waiting until the market recover, if you cannot have profit, you can be sue to have your investment  back, I feel it is still wise to invest now when the price is still low, before 2019/2020 bull run commence, don't give up even it seems you lost out in 2017.
hero member
Activity: 2352
Merit: 905
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I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  Sad What will you do when the market goes up and you get your money back. Sell or just keep holding?
Very, very curious. There is no doubt bitcoin will surpass current price and as you state, all time high means currently any price higher than 20K usd. So if you have plan it's even more curious, why the hell will you invest in bitcoin when price will exceed 20k? Any idea? If you are extremalist, then yeah, buy at 20K and plan how to avoid going bankrupt when price starts to fall.
legendary
Activity: 1652
Merit: 1088
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People need to brace themselves for a wall of selling once bitcoin breaches the all time high.

We saw the same pattern when the 2013/15 bear market ended. People who had held through the trough sold as soon as they had broken even, they were so relieved to get their money back. Of course that was the wrong thing to do, but the price being underwater for several years does strange things to the human psyche.
sr. member
Activity: 854
Merit: 250
You are one of the great investors because you are still able to keep holding your coins to date (since 2017), I think you are one of them. Looking at it, I am sure that you have certain sales targets, so stay afloat with what you believe in and unless you have needed money suddenly for your daily life.
hero member
Activity: 1806
Merit: 672
Even if you havebeen holding Bitcoin at a loss and you bought it on the top Bitcoin has given you a lot of opportunities to still profit from it all the way down to the 3,000$ level. Shorting BTC is the easiest way to profit from it and that involves you cutting you losses and buying it back again. Because really just by holding it at its current all time hogh is the worst thing you can do as you will just be waiting for the same price just to break even. If you have shorted BTC then maybe you have accumulated more of it by now.
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