Who bought Bitcoin in late 2017? Still recovering or fully recovered?

Mumbeeptind1963

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Quote from: Shasha80 on January 27, 2020, 06:35:54 PM

I am among those who bought when bitcoin prices reached ATH at the end of 2017, and I am still recovering to cover losses
I've experienced. And until now I haven't fully recovered. Even in 2019 I was frustrated because the market was still in bearish
market, it's the hardest moment to make a profit. But in 2020 the market has shown a positive trend, this makes me excited again
chasing profits to recover from losses in 2017. Hopefully all those who experience the same thing as me are not desperate to fight
to cover losses suffered when buying bitcoin at the peak price.

I also bought some coin last 2017, it is not bitcoin but an altcoin, and now? It turns out a shitcoin. It becomes a design in my wallet and also a remembrance of my mistake that I did not be able to sell it when the price of it is good and still has a good volume. I did not see any improvement of it this days and still it has a low volume and orders.

Kelvinid

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Quote from: Baoo on January 28, 2020, 11:16:56 AM

Actually, I don't think that many people bought a huge amount of Bitcoin in late 2017 because the price was so high at that period probably some newbies made that mistake. Also, it is sure that the whales was the reason for that huge dip. To be honest, if someone for real bought a lot of BTC in that periode, then it is pretty certain that he is still losing money especially if he does not have a continuous financial income with BTC or cryptocurrencies. Now, it is really sad the current price is under 10K hopefully, everything will be better after the halving event.

The price moves high for just a few months because of high demand, people are coming just to invest Bitcoin and other crypto making a way to move the price continuously. Because they'll think that it will keep soaring but unfortunately, the moves of some whales hype had stop and result to lowering down the price. But, some people are still optimistic and hold currently hold their Bitcoins until today, if that so I don't think that they are still profiting coz definitely, they are still not in gaining.

Those who can sell their coins at the first drop of Bitcoin will still get some but those who did not, then it will be so sorry.

PuertoLibre

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The dumb money left the market and smart money pumps the recent market, it was not same during 2017. The mixed trading sentiment was caused side effects and new investors fall to the trap. Now the patient group holds the same amount of BTC while others gave up for buying back at lower levels. The overreacting trades happen around key price levels for this reason, IMHO.

Baoo

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Actually, I don't think that many people bought a huge amount of Bitcoin in late 2017 because the price was so high at that period probably some newbies made that mistake. Also, it is sure that the whales was the reason for that huge dip. To be honest, if someone for real bought a lot of BTC in that periode, then it is pretty certain that he is still losing money especially if he does not have a continuous financial income with BTC or cryptocurrencies. Now, it is really sad the current price is under 10K hopefully, everything will be better after the halving event.

tianglistrik

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Quote from: ultrloa on January 27, 2020, 07:39:22 PM

Actually I am one of those people who bought bitcoins on year 2017 since I think that there are more upper than that but suddenly a huge drop came for year 2018 and lost almost half of the value, but I already manage to earn it back when market recovers and by doing a day trades and that was a big lesson since it totally sucks to get caught by our greed. And let's hope that 2020 is profit year to all of us.

sometimes when we trade for the purpose of returning funds that were previously lost due to losses, then I think you will do it cautiously. I have also experienced a loss but because of investing in altcoin, I took the cut loss step and so far I have managed to recover my losses with daily trading.

justdimin

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Well, thankfully I am one of the people who SOLD bitcoin during those days, not because I am some sort of financial wizard or anything but I honestly was in need of a bit of money and instead of withdrawing just the amount I needed, I just withdrew all the money I had and wanted to spend it.

Eventually I did ended up spending all that money but I spent it on amazing stuff that no longer exists outside of my memories, yet it was still a life well spent in those days, not having to worry about money and so forth, would it be better if I kept it aside in dollars? Buy back when it was 3k? Sure, yet sometimes you have to know when its time to live your life and not plan for the future too much or you will miss the days you have in your hands while planning for the days you might have.

ultrloa

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Actually I am one of those people who bought bitcoins on year 2017 since I think that there are more upper than that but suddenly a huge drop came for year 2018 and lost almost half of the value, but I already manage to earn it back when market recovers and by doing a day trades and that was a big lesson since it totally sucks to get caught by our greed. And let's hope that 2020 is profit year to all of us.

Clark05

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Many traders and investors who invest during 2017 month of December when the bitcoin value is very high was invested and I believe some of them are fully recovered but most of them are still need to recover because they bought the highest price od the bitcoin in the last 10 years ago.

I bought bitcoin late in 2017 so I lost my money too but the good with mine is I was invested in the 2016 too so the money that I lost in 2017 was recovered overall Im fully recovered and hoping that soon the other trader who lost most of their money on that year will be recover.

Shasha80

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I am among those who bought when bitcoin prices reached ATH at the end of 2017, and I am still recovering to cover losses
I've experienced. And until now I haven't fully recovered. Even in 2019 I was frustrated because the market was still in bearish
market, it's the hardest moment to make a profit. But in 2020 the market has shown a positive trend, this makes me excited again
chasing profits to recover from losses in 2017. Hopefully all those who experience the same thing as me are not desperate to fight
to cover losses suffered when buying bitcoin at the peak price.

pajak666

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Quote from: Hypnosis00 on January 27, 2020, 08:21:41 AM

I actually bought some Bitcoin in the 3rd quarter of that year (2017) and to tell you guys, I'm still in big regrets why I'd never sell it when the price reaches its peak. It was a big mistake but it never gives me losses by then since I sold it early 2018 and the price still in good but it actually most daring if I could sell it when the price is $19k ( it supposed to make it triple from my buying price).
But anyway, it passed already and we'll have to move on and face what is the coming. I know it will be fine in the year and onwards.

Following the same philosophy you might have sold it at $10000 so good for you;) You never try to catch the top. It is very personal and feeling based and usually wrong.. it's better to wait for the top and sell a little after. That way you are not the one selling for 20k, but you are for sure selling at 16k+ and super duper sure you are not the one selling for 10k or even 2k thinking it is the top..

Hypnosis00

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I actually bought some Bitcoin in the 3rd quarter of that year (2017) and to tell you guys, I'm still in big regrets why I'd never sell it when the price reaches its peak. It was a big mistake but it never gives me losses by then since I sold it early 2018 and the price still in good but it actually most daring if I could sell it when the price is $19k ( it supposed to make it triple from my buying price).
But anyway, it passed already and we'll have to move on and face what is the coming. I know it will be fine in the year and onwards.

pajak666

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It's super tough to be holding for so long.. Most of people who bought BTC are down after this time, but this is unfortunately due to lack of knowledge. Almost all of retail traders are loser due to 'careless' strategies like holding. If you don't want to put any effort in it then holding bags for 2 years will become a standard for you. People who bought last year over 10k are kinda sorry too. This will happen all over and over again if you get emotionally attached to your stuff. It is not a binary option and you can manage your variables quite a bit. Price of an asset falling substantially down only created an opportunity to make a profit. Need to get out of 'hodl' mindset for that to work tho.

maydna

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Quote from: boris singer on January 27, 2020, 04:27:05 AM

Quote from: maydna on January 27, 2020, 03:38:42 AM

People who bought bitcoin in 2017 will still try to recover if they still hold bitcoin until now. The bitcoin price itself still not reach $10k, and it is trying to increase step by step. But those people will have the opportunity to fully recovered once bitcoin price can grow up to $20k so they can make a profit.

But until that time, they can try to increase the amount of bitcoin they have by trading, so when the bull run is coming, their profit will be bigger than now. But if they don't do anything, then they only need to wait for more until the bitcoin price can hit more than $20k. Unfortunately, no one will know when the price can increase to more than $20k, so they need to be patient.

many expect Halving's impact to be next year, at least those who passively wait are very close to the price increase deadline. If BTC does not touch ATH, it is possible to touch at least $ 15k or more. I think there are many of them who choose to maintain their assets because of this, and choose to use fresh money for new trading activities.

Yes, that is why many of them still trying to buy a lot of bitcoin at a price now and hold it because they are sure that bitcoin price will touch ATH. At least, if the bitcoin price can reach $15k, their losses will not be too big, and they can do another way to recover the losses.

Many of them are still hold their asset while they still trading to get more amount of coins so they can make a big profit in the next bull run. I guess that is what they did with bitcoin while they are trying to make as many bitcoin as they can.

boris singer

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Quote from: maydna on January 27, 2020, 03:38:42 AM

People who bought bitcoin in 2017 will still try to recover if they still hold bitcoin until now. The bitcoin price itself still not reach $10k, and it is trying to increase step by step. But those people will have the opportunity to fully recovered once bitcoin price can grow up to $20k so they can make a profit.

But until that time, they can try to increase the amount of bitcoin they have by trading, so when the bull run is coming, their profit will be bigger than now. But if they don't do anything, then they only need to wait for more until the bitcoin price can hit more than $20k. Unfortunately, no one will know when the price can increase to more than $20k, so they need to be patient.

many expect Halving's impact to be next year, at least those who passively wait are very close to the price increase deadline. If BTC does not touch ATH, it is possible to touch at least $ 15k or more. I think there are many of them who choose to maintain their assets because of this, and choose to use fresh money for new trading activities.

maydna

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People who bought bitcoin in 2017 will still try to recover if they still hold bitcoin until now. The bitcoin price itself still not reach $10k, and it is trying to increase step by step. But those people will have the opportunity to fully recovered once bitcoin price can grow up to $20k so they can make a profit.

But until that time, they can try to increase the amount of bitcoin they have by trading, so when the bull run is coming, their profit will be bigger than now. But if they don't do anything, then they only need to wait for more until the bitcoin price can hit more than $20k. Unfortunately, no one will know when the price can increase to more than $20k, so they need to be patient.

Reatim

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Quote from: psjin128 on January 22, 2020, 12:53:22 AM

Well i am in the same boat.

Just out of curiosity, is there any still recovering from the deadly bitcoin price in late 2017?

or fully recovered and seeing profit? or Sold away at that moment or later?

i did not one of you who bought in the later days of 2017 but i bought some in the middle of 2018 in which i made a profit last 2019 3rd quarter since my Bitcoin grows at least 1/3 of the buying price so i sold them and bought again this early december 2019 when the value dumped again to $6k level.
sometimes we only need to follow some good traders in WO thread (but don't do it constantly because they commit mistakes sometimes also)

Visbay

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Quote from: panganib999 on January 26, 2020, 10:15:27 AM

Quote from: StephenieDuong on January 26, 2020, 01:39:12 AM

I think bitcoin is still recovering and there are no signal that this recover will end soon. Bitcoin currently have strong support at 7k$ and before break this support, i assume bitcoin still in uptrend and i advice is do not short bitcoin. Finding a good price to buy is the best option and only cut loss at 7k$ if you are a long term investors.

Those people who bought bitcoin in the year 2017 and pull out their earnings become rich already and make another investment today, and I think the price of the bitcoin is entirely too low for having a good price way back on the year of 2017. Still, if the investors grab the opportunity to make an investment when the price is low, I think they already got their profit back because even bitcoin is the highest profitable coin today. Still they have another source of income to use.

Quote from: Janation on January 25, 2020, 11:35:21 PM

Quote from: bamboylee on January 25, 2020, 10:10:30 AM

I am still waiting for the price to recover. My bitcoin will see 4 years of hodling and may see another 4 years if the price does not recover this halving. It may seem a mistake to hodl this long but I will see this through.

I can say that it is recovering.

The price of Bitcoin in the past stuck at $5000 to $6000, these days the price are just going back and forth at $7000 to $8000. We can't compare that to the ATH but atleast, we can say that the price of Bitcoin is recovering since it can still go up this month or maybe this year, we don't know.

After the price of the bitcoin fall for over $6000 today it is continuously recovering in the market price because time by time the price of the bitcoin back again for over $9000 and this is a good sign for another bullish market after this market happens the cost of the bitcoin becomes stable for a week in the middle of the amount of $8000 and increasing slowly again with a good sign for reaching back the 14k dollars.

Indeed the price of bitcoin remains recovering always and I never saw it stopping at a single price as I know crypto is so volatile and rugs up and the downtrend will come. $6k was the price in December but now it's almost $8k and gradually it's improving more than this waiting gives a good reward to holders and investor so just hopes for the best and keep waiting.

nickenburg

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I didn't buy Bitcoin but Ethereum at like 800$, Bitcoin was around 15000$ at the time and was already declining from 20000$.
I just bought altcoins with it so it doesnt really matter that much but I still shouldve known better and waited till it all calmed down.
And I bought when Ethereum was under 200$ as well since I think that is definitely a good price to buy at.

Pretty much recovered and I own more Crypto now then I have put in, now it is trying to accumulate more and wait for the new bubble

rijaljun

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Quote from: Amel on January 26, 2020, 06:05:25 AM

If recovering against ATH, I think it still hasn't been achieved because bitcoin has only recovered from the lowest price over the past year. Yeah even though we won't know when bitcoin will really recover and make a new ATH, but the most important thing now is to hold on and keep holding on, don't just regret if the price goes up like the number of people complaining.

You are stupid if you think recovering funds only achieveable through waiting Bitcoin back to its ATH (for those who bought at the highest price). People can take profit and it is also a way to recover their loss. Holding isn't always a wise move if you can find an strong opportunity to take profit, in other hand holding is safer trading.

Oceat

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Quote from: the rise on January 26, 2020, 11:20:59 AM

I sold most of my btc gradually to make a continuous recovery process from daily trading in the past 4 years. the nominal is certainly not as big as when I first bought it, but at least it relieved my anxiety because of the influence of emotional pressure at that time. I had no idea about Realcoin / Tether at that time and only witnessed how the price of bitcoin dropped dramatically without any significant reversal.

I wonder if you sell it in time when the price almost hit the $3,500+ price range on January last year? If I remember correctly in the last two years, there hasn't any bigger prices for Bitcoin that time so I'm thinking you are still in a huge debt from buying Bitcoin in the highest peak in 2017. You probably hasn't prepared to make a back up plan just in case the worst will going to happen that time.

Topic: Who bought Bitcoin in late 2017? Still recovering or fully recovered? (Read 652 times)