Topic: Who bought Bitcoin in late 2017? Still recovering or fully recovered? - page 5. (Read 652 times)
January 22, 2020, 05:40:34 AM
Well I'd be that most of those that bought in during btc's peak sold out at a major loss the next year lol. Probably when the price went below 10k there are few who are still holding strong. It's natural. Imagine buying in at let's say 15 or 16k, and then seeing your funds dwindle down to more than 60 percent less. Panic is a natural reaction and most of those that got in the hype aren't prepared for something like that to happen.
January 22, 2020, 05:33:10 AM
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?
or fully recovered and seeing profit? or Sold away at that moment or later?
Sadly, I am still trying to recover from the loss I incur last 2017. I am mostly an hodler so there is not much I can do. I hope I can recover my losses when the bull run hits this year or next year.
I am earning some bitcoin which I add to the account I am hodling. This is the way I can cope up with the losses I had.
January 22, 2020, 04:43:45 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?
January 22, 2020, 04:42:50 AM
I guess some of them still hold bitcoin that they bought in 2017, and I feel that they are desperate to hold their bitcoin. They still lose the money because bitcoin does not even reach $10k, and that makes them wait for more. But some others already cut-loss their bitcoin, but we don't know in what price they sell their bitcoin. They are a holder that still feels pain by holding the bitcoin, but they still believe in bitcoin that the price can increase higher. We can hope that they can recover their losses and make a profit again.
January 22, 2020, 04:37:09 AM
in my opinion who bought bitcoin in 2017 is still losing money, especially those who buy altcoin, I was also among those who held Altcoin and didn't sell it at that time, and until now most of the altoin has become worthless and has become a junk coin, my estimated total value of altcoin was $ 50000 at the time, now the value is only around $ 500, there seems to be no hope of recovering its value.
January 22, 2020, 04:34:06 AM
I did... but just to clarify, I don't actually buy bitcoin -- I just request all payments in bitcoin (I'm a freelancer basically). And while I initially tried to lump invoices together in my early days of doing that (this was in 2016) as prices started running up in 2017, I began invoicing as normal, plus anyway it's just better management of finances, with regular bills.
My point is I effectively got my bitcoin regularly, at whatever price it was selling for. And as many will attest, cost averaged buys puts you on top most of the time. Sure, I'm at a loss for the coins I got in 2017, but all in all, I'm still on top and will slowly be even more on top as the years pass.
My point is I effectively got my bitcoin regularly, at whatever price it was selling for. And as many will attest, cost averaged buys puts you on top most of the time. Sure, I'm at a loss for the coins I got in 2017, but all in all, I'm still on top and will slowly be even more on top as the years pass.
January 22, 2020, 04:10:52 AM
The only way you can consider it a profit is if you bought $100 worth of BTC at $20k in 2017 and then bought $900 more worth of BTC when the price was hovering around $4k. That way, you'd have an average price you bought at way lower than $20k & under $8k too, so you're basically on profit overall. The 80% loss of a $100 investment falling from $20k to $4k could have been recovered through the 115% profit of a $900 investment with the price more than doubling from $4k to $8,6k.
If you buy something at an ATH, there's no way you can otherwise be on profit if you just held your funds and did nothing to recover what you lost.
If you buy something at an ATH, there's no way you can otherwise be on profit if you just held your funds and did nothing to recover what you lost.
January 22, 2020, 04:02:55 AM
You meant in late 2017 specifically right? Well, a certain person bought at the peak or somewhere near it, chances are, that person hasn't made the money back, especially if the money is invested in most altcoins.
The good news though, is that if you just bought solely bitcoin, there's a significantly higher likeliness that you're going to make your money back(compared to when holding alts), or even be in the high positives sometime in the future. You just need to hold it long enough. If you bought somewhere near the exact peak of $19,700, you'd only be down like 77% right now. Whereas when you bought most alts, there's a good chance you're down 95%+.
The good news though, is that if you just bought solely bitcoin, there's a significantly higher likeliness that you're going to make your money back(compared to when holding alts), or even be in the high positives sometime in the future. You just need to hold it long enough. If you bought somewhere near the exact peak of $19,700, you'd only be down like 77% right now. Whereas when you bought most alts, there's a good chance you're down 95%+.
January 22, 2020, 03:24:34 AM
Sad, I understand what you might be going through but yes there is always a scope of improvement and since you have already waited for such a long time of almost 2 years I would request you to wait till halving as there are possibilities of further improvement and meanwhile you could do daily trading in order to partially recover the loss which has been incurred in case if you are good at trading.
January 22, 2020, 01:53:22 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?
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