Bitcoin Forum

Hello,
I bought into BTC when it was worth both 2550 and 2320 for my personal trading.  I now have 0.2007 BTC and not sure when I should get out.  I have lost in total a hundred dollars just to the price of BTC.  Is it worth it to get out now or should I wait for it to go back up to these prices?

Depends on what you are investing for?

I accumulte BTC, so the price doesn't really matter to me.

But I imagine it'll drop lower than what it is now. If it breaks the $1800 area, then $1200 beckons.

just hodl. All the chickens are scared now, and dumping their coins. Some of the big players might be scared as well. No matter what, bitcoin is the future

You really need luck, drop so much in last 24 hours

I think the price now is better than a few weeks ago. So it is better to buy more.

Keep it, price will go up after 1 August.
Don't worry about the current drop it's temporary. I lost way more than $100.

ask yourself the most important question: why did you invest in bitcoin?

* was it because you wanted to make more money?
* or perhaps it was because you saw how bitcoin works, how it is a decentralized cryptocurrency that is giving you financial freedom.

answering this question will help you decide what to do with your coins...

A while back people got in at $1000 and higher and the price went down to $400 and they were asking the same questions. A lot of them sold, and

blamed Bitcoin for their losses, but some of them listened to our advice and more than doubled their investment when the price reached $2500+

So I am going to tell you the same thing I told them.... Hold on to your coins. The price will rise again, you just need to wait it out.  ;)

That's the nature of bitcoin, and nobody can predict the future.

I have bought my first bitcoin in 2015. It was 1BTC at that time.

I spend it to buy MEGA 2tb storage three times, and stayed with around 0.6-0.7BTC until 2017. MEGA was the sole reason why I bought bitcoin in the first place, and I hope I can pay more things with bitcoin in the future.

Then bought more in may and june 2017, during the recent rise, and joined Bittrex to trade on altcoins. Now I have 1.45BTC in my wallet, and more spread alongside altcoins.

Before this year I only had litecoin as an alternative to bitcoin. I have bought 15LTC in 2016, before their SegWit implementation.

In total I have something around 2.3-2.5BTC in bitcoins and altcoins together.

Didn't sold anything, nor I will. I really want to use bitcoin as a way of payment.

I think it's better to hold.

Not long ago Bitcoin pumped to $28000, crashed to $1800, then pumped up to $3000. The people who sold at $1800 were crying when it hit $3000. If the same scenario repeats do you want to be crying because you sold at the bottom? Don't sell because of the crash, hold your coins for the long term and wait for a new ATH before you consider selling.

HODLLLLLLLLLLLLLLLLLLLLL! Come on why do I keep seeing people like this. Hold your damn coins. There is no point is selling, in fact if you sell right now you're part of the problem. This drop in price was expected so you can either take your loss and gtfo or hodl and make profit in a couple of months.

Well, if he sold now, then rebuys if/when it goes lower, then he'd start earning his money back.

To ask and answer questions like this, you need to understand how the market moves.

If you bought BTC as an investment(long term), then what are you worried about?

Just hold. Early exit is not the answer to overcome your loss. You are not actually loss unless you convert your btc in fiat for low price. There is still a lot of time for bitcoin to recover. This price dump is just because of split and the price will be pump again once miner are united again after the split. Me too are on loss not just 100 bucks but thousand bucks. But i'm not over thinking it as my loss since I still hold my bitcoin. I can untill next 5 years.  ;D

Major Support Level – between $1800 - $2000, so it's very important to maintain the $1800 support level. Many people were afraid if Bitcoin Price Breaks Down this level. In the case Fear are working perfectly to bring BTC price down with sold out.

The problem is too many traders of bitcoin wants to buy the more bitcoin at the cheap price before the hardfork will end. It's about their speculation to take the decent profit from bitcoin in the future.  Are you consider those are selling the bitcoin was a part of the bitcoin problem? relax, pump and dump just a common thing in crypto.

It is likely to continue a long term bearish trend, as it usually does after bubbles. Bitcoin was clearly very overvalued and still is, so there is a lot of room for it to keep falling over the next several months/years. You have two options: 1, sell now and try to buy back in at a cheaper price in a few months, or maybe below a particular price (I would suggest $1500 or so). Option 2 is to just hodl, so long as you are willing to look at your portfolio in a year or two and not freak out that it is worth half of what it was when you first bought in. Bitcoin will have another bubble. It does this over and over again. It will likely hit $5k+ at some point in several years. If you hold, be willing to hold for at least 5+ years.

Wow, Incredible!!

You managed to get your first bitcoin when the price for 1 btc was 1 btc?
You should really start writing a book about this.
I bet you're the only guy that managed to buy at this price.



The "major" support level is a puny 10k coins buy orders around all the exchanges at the moment.
One slight panic on one of them (most likely the btce troll factory) and the support will evaporate.

Those are the moment when people who don't give a damn about price and that have invested just as much as they afford to lose grab their popcorn and enjoy the screams of morons, sheep, trolls and so on.
Cause the entire forum looks right now like a drama theater.

Hold on ,don't freak out. I'd suggest you to wait atleast until August 1st week to see what happens ,but if you are afraid that you might incur more losses,there are chances of such a loss but a lot of people are saying that nothing will mostly to your bitcoin.But since "its mostly safe" there is still risk involved.Just decide and make a decision in which you won't regret later on but also a wise decision at the same time.I wish you best of luck.

No. I do not expect prices to go beyond $1500 along with current panic situations. Already lot of buying are happening around $1800 which must be a very big support levels. Even $1800 breaks, the next big physiological level of $1500 will never be reached as everyone is aware how cheaper bitcoin will be when compared to ATH levels. This alone will keep prices to bounce back at any times. I guess we are already turned into positive edge as now everyone wants to stay with race rather than missing out good prices to enter.

If I were you I would keep it if there is no immediate need for fiat. However, if you need it then go ahead and convert, but if you just want to join those who are panic selling for the reason of segwit then you are are going to be part of the reason why BTC is going down. After August 1 you will see people buying again and might record an ATH so if that happens wheres your coins? None, because you joined those who panicked and sell coins.

You have lost nothing. Your holdings are just worth less in term of dollars. Just hold and forget. That may be hard to apply but you will be very rewarded some day. Do believe me, Bitcoin is definitely heading toward 10 000$ per coin by three years. So just wait three years or prove you are weak and sell, making sure that your money is gone !

Clever newbie understand the speculation of satoshi. This is absolutely true we need to see the value compare with fiats now. As world move digital currency side then you may be a billionaire with the small earnings you have it now in your wallet. You need to hold now and future to see the profit.

Don't pull out now, wait, if you do pull out that btc now you'll have a sure loss. Hold them, the price will go back up for sure after the segwit is all sorted out.

You might as well wait at this point because the price will eventually recover. If you sell now you will be selling for a loss so just go for the long term investment. It's best to not watch the price right now in your situation.

The price is just under $1900, so you basically have two options at this point:

1) If you think the price will continue to drop, you could sell now for a loss and try to buy back at a lower price to help improve your position a little. Then wait for the price to get back to above $2500.

2) Hold and wait. Since we don't know if the price will continue to drop, you could just wait it out and eventually sometime next year, the price will recover and you will still make a profit.

I think you should sell it and wait for the price to go lower than that and then buy it this is how you will recover you losses.
The price seems to go low further because the panic selling has started and the bitcoin price today going down to $1800 indicates that the selling is more in market then buying of bitcoin.

The price might go down more. You could sell now and buy when it goes lower or you can just hold your coins. Price is dropping just cause of investors panicking, just few more weeks till we get to know whats going to happen on august 1. Prices will go back stable after then.
LOL!

I thought you bought a whole bitcoin at $2,550. Still you had lost big bucks and how about the holders they are also ranting today about their lost profit. You don't have to do something, you only need to be calm, patient and wait for the storm to be stopped. It will happen suddenly and just watch the war of panic sellers and calm holders.

Great advice, unless we are headed into another long bear market. The last one went on for 2.5 years and bottomed at about 15% price of the ath.

If you can wait up to that year then it's fine bitcoin is a passive investment and the longer you can hold it the higher amount of profit or returns you can get. It's like the most patient one will be getting the highest stake and after earning good amount you'll realize that bitcoin is one of the best investments in the world you had ever known.

So by passive investment, you mean one which you assist others in making huge amounts of profits over a long time period by limiting supply (hodling)? sounds about right.
Hey guys, bitcoin is a passive investment - you buy then hold forever, never selling. Don't worry though, you will surely be in paper profits along the way to keep your spirits up. In the end though, it is a total loss because you never sell. Great concept.

Nice, this is impressive to know the reason and the purpose for which one bought the bitcoin and accepted it.
Still I think whatever the reason maybe but no one here came for to bear any kind of loses, so any reason in the end can’t stop you noticing it that you are losing your wealth which is not acceptable to anyone.

How do you get your profit if you are not going to sell anyway? There's a need to sell but just remember to sell when the price is already good and high. And you already got a ROI so that you won't be having any regret when you had seen the price of bitcoin starts to pump again.

I believe your question is flawed. trading is like chess, your last move doesnt matter. its a matter of making the right move under the present circumstances. it doesnt make any difference what price you bought in at.

Depending on your current financial state. If you are on need of money then no choice but to cash-out but if you dont need money and this amounts is solely for investment then better to hold off and dont stress out too much into yourself regarding on what you have loss there. Prices would eventually rise up later on, no one knows on when but still guaranteed that it would reach up that range or even go higher that what you are expecting too.

Hold, wait it out. you're not going to badly miss 0.2007 BTC. You should be adding to your stash, not selling. Bitcoin is going to blow up in the future. Have some patience.

Actually there are two side of the picture your aspect of looking to selling differs from the one that I have. In my opinion it is good to sell your bitcoin now and wait for a day or two for the dip where you can buy more bitcoin with the same amount of dollars. This is a healthy trading activity and we should appreciate it.

Depends upon when you need your money. If you need it urgently, go and sell it. But if don't then why would you sell your Bitcoin to encounter loss? My strategy is if the coin you invested in experiences a dip but it has potential. Then, hold till you need your money or the price comes back to normal. Here, you are talking about Bitcoin, one of the finest cryptocurrency. Simply hold and don't do panic selling. Don't even sell when the price comes back to $2500 when you don't really need your money. Keep your money invested in Bitcoin till the time you require it and see your money growing. You can even double your initial investment by the next year.

Ask yourself one question can you afford to lose some more? Since you only a be 0.2 btc it shouldn't be a very big deal as when you bought for about $500 and now its worth $400 if you sell now you will suffer a $100 loss wants the worse that can happen? maybe you will lose couple hundred more, of you can't afford to lose that then to cut your losses, sell now or hold atleast till 1st August.

Patience is exactly that what a lot people here are badly lacking. All people complaining about the price going down are only here to make some quick bucks. If they were long term minded, they would just calmly wait for everything to settle, from which the market will slowly start to move towards the $3000 level again. But no, they invest (ahum, gamble) at higher levels in the hope that the price increases more than it already did. This is the price they pay. :)

No need to panic its not manditory that you need to always sell

You have not lost any bitcoins just a change in value ::) which is temporal

you can choose to break even by waiting for prices to recover as we are not far from the the price you bought your coins

or you could find a good altcoin project to invest in and wait for your profits..only problem both require you to wait

I agree this is a normal and common practice to buy at dump price and sell them when there is a pump to the price. Those who are still practicing the same practice are very right because no one here is for the purpose to stay idol. If someone thinks that doing so will be damaging the bitcoin so, I guess the damage has already been done. It is now the time of survival.