Bitcoin Forum

Hey guys, new member here :)

I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.

I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.

Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.

Any words of encouragement? ;D I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?

Sure. Even for old timers, there is a perpetual feeling that one doesn't have enough coins. But such market sentiment (greed) is inevitably balanced by fear, and the nature of markets is to test the mettle of its participants. That means squeezing bulls and bears alike. If I were you, I'd prepare for the worst, which from here looks like a return to the $2000s. In the interim, there is major support in the $3000s, perhaps after a stop run below the $3600 low.

For all I know, this is just a shakeout before new all-time highs next week. But it's also possible that you bought a long term top. You need to be prepared for that. :-\

wow that a lot of money you got there. my advice is to closely monitor the price of bitcoin. then decide whether you sell it if the price goes up more a little more than you in invest or let it sit for a very long time and wait for the price to go up to 7k. then withdraw the profit.

New to the game, but I'm sure this thread has been made 900,000 times.  Just hold.

$3,900 and dropping, though.  :-\

If you're aiming for long term investment, nothing to worry.
Yes, according to the price, Chinese exchanges really dumped bitcoin around $3837-$3860 right now, but global exchanges could hold above $3900 which is good. Some advice; do not look at the price every hour or everyday, just wait until next week or next month, it may takes several months before the price bounce back to $5000 again. Keep holding  ;D

Yeah its dropping but I think it will have a  buy support at $3800 or less. @OP its wrong timing fopr you, but If you can still hold, thats the right thing to do now or you can sell and bought again to a lower price just to cut some losses.

Surely you will recover your losses in the long run. It would be a real struggle to cut your losses than holding since that's a very decent amount you thrown there but think of if you sell it now then you will lose but if you hold it then you'll profit. Just hold and chill. It might dump even more so be prepared but don't panic. It will soon recover in a couple of days, weeks, or even months. Just trust Bitcoin.

It's a bear trap. Same manipulators manipulating the price! Keep holding. I've seen this week in week out since I bought in 2013. Its the Ethereums of the world I would be worried about!

Well everyone goes to what you are feeling right now specially newbies. But don't be nervous and just stay calm. If you bail out today you will lose your investment so the logical thing to do is just hold on your bitcoin. The news coming from China really put a impact on the price right now. But rest assured that bitcoin can recover from all of this. It has proven time and again that it can bounce back from this minor bumps along the way. Just don't look at the price because if you constantly looking at it and seeing the price going down you will panic and might think of selling your coins resulting in a loss. Just stay positive maybe tomorrow we will see the price going up again.  :)

You buyed just when it got on the top of its price. That is a beginner mistake. Think if you would research a little and wait till now, you could buy 1 bitcoin with 700$ less and you would be closer to make profit in future. Anyway, I think there is absolutely no reason to worry. Dont panic and keep your bitcoin in wallet for future. Its price is going to double in next 2-3 years

Don't you worry... I have been in your position before and i can assure you that some people do worry about the bitcoin price even with no bitcoin at all but every time it's the same bloodbath but it gets better overtime and settles then goes BOM and i hope in the next BOM your wait will be worth it

Since you said you ve not been here for long i will just give you one word, PATIENCE. Just wait until December and tag me. It's definitely gonna grow just be patient

It is tricky when you are new to this kind of business. Time always seems to be running out, forcing you to make quick decisions.
But with having bought at 4600, I would not worry too much. At least not on the long run.
Don't let irrational emotions fool you. The market is unstable at the moment, but when things are a little more clear again, it will get back on track.

dont worry!
bitcoin is a long term investment and you will be happy in a few years.
will come other mistakes...on your first trades!

I'm sure bitcoin will go up like it always does. As long as you hold it, it should be fine

Put it in a long term wallet, delete all bitcoin related bookmarks and set an alarm for next spring to check on progress.

Some of us bought at the $1300 high a few years ago... And eventually it worked out.

Ignore all these "traders" who "know the market". They are coin flippers. Some are lucky gamblers who think they are skilled. Some are unlucky gamblers who understate losses.

there is nothing more encouraging than looking at the charts. open a bitcoin chart and then start panning to the left as much as the chart goes. look at each time price takes a dive. there has been someone like you who bought on top of that dip without exception, so many of them sold and never bought back, some sold and bought back again at the bottom, some held. I think you can guess who is the winner today.

here are some of the similar dips: https://bitcointalk.org/index.php?topic=1935374.0;all

Do not worry too much, bitcoin price will return $ 4600 soon and up very high,
Calm

Dont worry if you bought bitcoin at 4600 dollars becayse even bitcoin price decreasedfor sure it will increased again after few weeks it will back again to the highest price and maybe it will be high to the current price. As of now the price of bitcoin is 3980 dollars and its time to buy bitcoin and for sure it will increase again . So if you buy today holding after weeks or months for sure you will earn profit

I belive price will come back 3k6$ soon. In 3 day. brace your self. But it's will recover soon. Hope so

Wow, that's a lot! For me, don't sell it yet just hold it for now and wait for the price to go up. I am still certain that next year and for the coming years, bitcoin will still continue to rise. It will recover soon. Don't worry, everything will be alright. Just keep updated with the price and the updates though.

Hold on to it and if the price keeps dropping buy some more if you can afford it. I bought my first at €800 and then the price dropped to around €300. Bummer, but I bought some more and when the price went back up to €500 I would have been able to make a small profit by selling them. I haven't sold any BTC yet. I thought I was late to the party in 2013.

In the mean time, make sure your 1 BTC is secure in a desktop wallet, read the manual of your wallet, know how to backup and restore your wallet. Seeing the price drop is bad, losing your BTC because of a computer crash or virus or because the exchange gets hacked is the worst.

That's my advice to you and to everybody who became in the same situation and feel a little bit of panic. All this news around China are actually not proved and no one exchanger has not announced yet about it's closing, everything keep working. When this period will pass bitcoin will continue it's raising. It's not the babble yet  ;)

Most people who would be worried about this news and price dip are those who are still new to bitcoin. But you got nothing to worry about, just keep and hold the bitcoin that you have. Be patient and wait because you are sure to recover your loss and gain some profit when bitcoin increases in price again. Just think positive and don't bite the bait.

I bought some at 4200 and little worrying too for now  :'( , but we got strong support at 3900 recently :D

OP, my advice to you is for you not to have a shaking or doubting mind, the price now is $3900, yes but don't just rush in and sell.
In BTC business or investment, you should learn one thing which is 'Patient'.
You leave and highly secure your bitcoin for a month or two. You will recover and have your gain by then. :)

Well, if you didn't buy that BTC with money you can't lose, than I suggest you wait, because I think bitcoin's price will rise again, and pass thos $4600 with which you both the BTC.  It's better you stay a holder if you have not much to lose.

If you believe in bitcoin then all you can do is ride it out. Many of us have been here when people were saying the same thing about buying bitcoin when it was $100/500/1000 and panicking when it fell. You could just try trading with that bitcoin by buying and selling at the lows and highs but I personally would just regard it as a long term investment but as with any investment nothing is guaranteed.

I'm a bit worried myself. On some strange level a part of me is excited. I think that part of me enjoys the thrill of the ups and downs of Bitcoin. If it collapsed, I would be devastated. You must feel pretty awful buying at $4,600. I can understand that. I bought at $2,200-$2,500ish so it doesn't feel as big of a deal since I'm still technically up. I think in the long run Bitcoin will be successful. Hang in there and you should be fine.

that is why it is recommended that you should split and buy, like if you want to buy one BTC then start buying 1st only 0.2BTC and when there is more price decrees you can go for another 20%. so like this your buying price will get averaged. and you will be getting opportunity to buy in low, this is the best option to invest in crypto currency  

You have been lurking in the forum for a couple of months? that's not enough go further and check bitcoin history, so many fake news fuds trying to take down Bitcoin, consider what your holding as a long term investment so far there's a lot of winner investing in Bitcoin and a lot more sorry stories for not holding and trusting bitcoin enough.

You should not worry at all and as you said you are not the only one who do have this kind of emotions or even regrets on purchasing bitcoins price on a high point.Even those experienced people do also commits these mistakes but eventually they dont easily panic since most of them do know that price will eventually recover up later on which we can really tell ourselves not to worry but if those funds if yours are your savings or fund being used for priorities for sure you would really worried too much.

I must be sincere that it will be a little difficult to tell you to hold on because even me, I was surprised when I saw the thread that I had to go check the current price but was surprised to see the amount of hit that the price has gotten even after showing some form of recovery in the past days to have gone below $4000.

At the same time, the reason for the crash will be unconnected to the skepticism surrounding the situation of things. News from China, authorities in the field of finance expressing their views on the negative, among others. But I will only enjoin to no join in the band wagon and just hold tight and deny yourself the stress of checking prices now and then because the recovery might not happen any time soon.
At

Remember, you only lose money the moment you press the "sell" button. Also, look at each investment choice as your vote that you believe that business/technology is going to succeed in the long run. Do your research and make informed decisions. :)

Well, I think you must decide what you really want to do with your coins, and how you see them. Do you want to trade them, and try to explore the volatile crypto market, or you bought them as an investment, and are thinking what the price will be 3-5 years from now. I see myself as a holder, so I really don't care about all these fluctuations. Yes it would be better if you bought them bellow $4k, since they keep going there, every time China opens their mouth, and everyone starts to panic sell.

My words of encouragement to you are: put that BTC in a safe wallet from which you own your private keys, and hold it. There will be a halve in 2020, so the price will probably double by them or more. Also, it's expected for the wall street guys to start moving into bitcoin during 2018, so you will probably see a big rise in the price as well. Also don't forget that BTC has a coin cap, that will take a while to reach of course, but this means that for that reason alone, the price should rise, if they remain popular. I all wished we bought our coins when they were worth pennies, but we didn't, but this is still recent, so I think you still got them for a good price, so don't worry.

Do not get worried in buying bitcoins. You are just preparing yourself for your future. I think that you should be happyrather than being sad. Because bitcoin will journey to the moon and you will surely love it/

I feel you! I bought a similar amount over the past month at an average of $4,200. I was doing okay but then bought some just before last weeks crash and then again before this one. The ICO ban effect I was fine about, it was always going to happen and the price recovered quickly. This one however I am much more concerned about. I am quite deep in the red overall and I cannot understand why the recovery has been so slow compared to what happened last week. There doesn't seem to be much upwards action or positive news coming out at the moment. Even the most positive people are waiting and riding out the storm this time whereas last week they were buying the dips and bringing about a speedy recovery.

I know this has happened before but there is just a sense amongst a lot of people I have spoken to that this is going to be a big test and that more bad news is around the corner... Now obviously no one can predict what will happen. We may see a recovery in the next few days. However if everyone is waiting for more news and HODLing then it means few are being defiant and buying which will inevitably lead to further reductions in price.

Rumours, if anything are worse than solid news. If China just banned exchanges we'd probably be at $3,000 but recovering by now however the because of the rumours we're holding out at $4,000 and barely moving from there. A negative announcement therefore will have significant effect as the starting price will be lower.

Overall I am positive in the long run. I cannot see how BTC and other cryptos can be killed off or be knocked back too much more however their strength is certainly being tested right now and there desperately needs to be some kind of widespread positive news to rev up the engines once again.

My overall prediction is that the rest of the year will see a continued decline overall, a trap that BTC has so far avoided apart from in the early days. However after that there will be slow and steady recovery... Maybe lows of $2,500 rising back up to $5,000 through 2018. I'm holding regardless and will continue to use the portfolio I currently have to look for opportunities to soften the blow and bring about some nice gains in the future once it all calms down.

You don't need to worry about these short-term dips. Just forget about your holdings for the next 2-3 years. Anyway November 2017 is not very far away. Once the 2MB block size is implemented successfully, the prices will move past the $5,000 mark. The FUD about the exchange ban in China, and the statement from the JP Morgan CEO won't be able to push down the exchange rates for very long. They will be forgotten after a few weeks. But please store your coins safely and securely.

Well. The price is plummeting right now, and I think it will continue to gently decrease over the next few months until the next piece of big positive news arrives.

Just hold. I did kinda what you are thinkig about and sold out at $400 per BTC. Now at these prices (~$3900) I'm only just back to where I was (BTC balance wise) after months of playing with the forum and a few lucky breaks. Bear in mind I still only have 0.07-0.1 BTC.

This forum can make you Bitcoin. I left for a while. I came back with $20 worth and now I have around $300 for a bit of my spare time over the past few months. I genuinely beleive I will make myself 1 BTC within the next year at the rate things are going (which in fiat, is a terrible wage where I live) - and I wont be selling it.

Dont sell. Trust what people tell you.

don't worry just hold your bitcoin I'm sure it will increase $5000 in next month or maybe in next year if you set your goal in $6000+ just don't panic sell.

I must admit buying one Bitcoin at the rates of $4600 USD from the market is quite high, but bitcoin volatility is huge if you compare it with other traditional investments, as long as you don't sell away your bitcoins below $4600 USD, there is always a chance for bitcoin values to hit another high record, and you will earn some profit from it if you are patience enough to hold your trades for now.

Depends. If you want to hold Bitcoin as a long term investement, you shouldn't care about the ups and downs. Rather buy more when the price is low and turn into a true HODLER.
If you are trying to make a quick buck, you might be wrong at Bitcoin.

No need to panic because of this. It already happened a lot of times before. I'm pretty sure that there are also lots of people out there that bought Bitcoin on a high price and suddenly there was a price drop. Some of them held their Bitcoin and they are happy now because they gained a huge profit. Some of them started to panic and sold their Bitcoin thinking that they might lose more if they will still hold it. Always remember that no matter what happen, Bitcoin has the chance to recover in the future. Keep believing on Bitcoin and I'll assure you that you will never regret it.

Oh, that's unfortunate. If only you've bought earlier like mid-August you could have gained 2x of your investment. Or maybe even waited until this week of September, you could have bought for a lower price. But seeing that you're new in bitcoin, if I'm not mistaken, I couldn't blame you for waiting a month before investing. It's a must for investors to test the water first before diving in. In fact, when I was a newbie in cryptocurrency I've waited for 3 months before I actually tried it. But don't you worry there's still hope for your investment. No matter how low btc gets don't you ever sell it. The bubble will eventually come again you just have to wait for a little while. If you are gonna ask people here how long they've hodl (hold) their btc you will be surprised that they did for 4 months and even for a year. And they reaped what they sowed. Just hang on there and you'll be fine there's nothing to worry that much because this dip is normal and healthy for btc.

It is okay to worry as it is normal in all currency to go up and down but there is nothing really to worry about as there is a promising future use for bitcoin. It might even hit its all time high soon enough.

Patience is key especially in crypto currency world. My advice for you is to remain patient and hodl for a long term. See this your recent purchase of Bitcoin as a longterm investment as soon as the market gets bullish again you will begin to see profit.

Oh wow. Getting 1 Bitcoin off the bat. You have balls, sir, if nothing else. It's a huge amount of money, and I personally would have put in less, but different strokes for different folks. Still, though, I wouldn't panic just yet. It will recover like it always does. It's just bad luck on your part to have invested immediately after a crash.

I fully understand how you feel...we are all humans and we worried if there is that possibility that we can lose anything especially in the area of investing. Yes, I think you made it to Bitcoin at the wrong time with that news coming from China on offering ICOs within the country. And then here is this persisting rumor that eventually China will also ban the operation of Bitcoin exchanges (though Bitcoin itself may not be ban at all and P2P transactions can be allowed).

However, I am suggesting that you do not entertain the idea of cashing out or converting your Bitcoin to other coins as that can be counterproductive in the long term. Eventually when all of these news coming from China would wear out we can see that Bitcoin will slowly inch its way up. It is just a matter of time and not really a matter of if.

I am hoping that you are part of the club that is really believing in Bitcoin and would continue to HODL what we got...let's just ride this storm as it will surely pass away...and then sunshine would come in to give us new reasons to celebrate again.

Long live, Bitcoin! We hodl...we are good!

dont worry guys. because i believe that the price must be increases
just hold until in the end of this year. and im sure that you can get the much profit.
just be patient bro

Lesson learned, it's always better to be greedy when others are afraid, but only when others are afraid. :) The trouble, of course, is telling the difference. Buying on a rush of bullish sentiment on seeing the $5000 mark is an easy mistake to make, you don't want to miss out on all the profits. That makes you become one of the profits, unfortunately, at least in the short-term. If you're confident enough about your trading abilities, you can sell and try to time the market so that you buy back in when it's rebounding; that could work out great, if this bear run reaches its projected low at $3164, or not so great at all if it's nearly done already and you end up buying high after selling low. IMO now that bitcoin has broken out of its recent "coil" formation (several days of higher highs and lower lows) to a more standard bear market formation of lower highs and lower lows, we can be fairly confident that it's going to last at least a little while, but the question is how much further it's going to fall, or for that matter if it's going to fall further at all. The news that North Korea is using bitcoin to avoid UN sanctions could cause more regulatory hammers to fall, in which case it would probably crash pretty hard as people take their money out for fear of having it trapped in exchanges that are shut down - breaking news of China's ban on exchanges being just a rumor after all, on the other hand, might very well restart the bull market. Obviously I'm not confident enough in my trading abilities to time this market. :P

If you're willing to lose what you've invested, keep holding on. This is not an uncertain market caused by community differences, which can be easily solved just by bitcoiners agreeing; this is the point where bitcoin is drawing lots of notice from the powers that be. If they don't decide that it's too inconvenient and crush the burgeoning enthusiasm with regulatory burdens beyond what's necessary, it has a lot more growth potential. If it's wrapped around with lots of pointless red tape, or just banned entirely from even more major exchange countries, it could end up being worth the paper it's written on. That's a choice only you can make as an investor. Ideally, you already made that choice before investing, but of course it's easier to make that choice when everything's sunny and it looks like you'll end up being another of the overnight millionaires you hear so much about. What you don't hear as much about are the people who supplied those millions of dollars to the market's liquidity and then ended up cutting their losses early, because they were afraid of losing it all. This could be another of those situations very easily - it only takes a little bit of different news to change people's moods about speculative markets, given the herd mentality you tend to see with these things. If you read back in the forums, people had this discussion every time bitcoin hit a new high - is it time to sell now? Is this as far as it'll ever go? It wasn't, obviously. Personally, I'm holding on to what I have, but I'm not quite confident enough that this is the end of the bear run to buy more. Dunno if it helps you at all, hearing about why and how I'm ambivalent. :P It's not an easy choice, if you care about losing that initial investment.

As a first-timer in the world of cryptos, you should have asked for suggestion first before buying bitcoin, especially that the bitcoin price is too high these days. I think, you've just made the WRONG MOVE for this year since you bought a bitcoin at the time when it is on its peak price. Well, you have only two options for now: its either you'll trade your 1btc to other coins, or save it and wait for btc price to rise up. But be sure to watch the price of other coins so that you'll be able to gain profit.

Hi

You need to look at the value you have right now forget how much bitcoin you have for a minute. That would help you understand my next statement. This is only my advice as you seem like your not really cut out for this. First of all you have to be very vigilant jump off the horse now, i mean sell if you think its still  on a downward slope, then as soon as it starts to climb or reaches the value you sold it for jump back on. With that method if you are lucky you could end up paying $3000 for a bitcoin. Now there are various factors like buy sell prices, and whether you think its still going to go down lol yh I never said it'll be easy but if it goes back up at least you limited your loss.

Please do your own research, this does not constitute as any sort of investment advice. Its merely an opinion.

You basically bought at the all time high. Right now you're best bet is not to react emotionally to the price and not try to time the market especially when your so new to the crypto market.

You should buy more now while it is on discount. Then when it goes back above 5K next week you will be up even more :D

This happens, just hold on and keep faith - it'll rise again, always does. You'll still make profit, keep calm and don't panic sell. Even if it drops to $3k, it's not worth it...been there, done that, lost a wedge in the process.

You buy btc at a very high btc price. It may take a few days for you to benefit from the btc you have now. My advice do not give up by time and bitcoin price if there is a decrease in price keep hold btc until the price goes up and you get profit. Because btc is the strongest currency in the world remember :)

Emotional intelligence

Thats all you need

Hold them for more then 2 months and you'll see profit!
The ICO ban from China is actually not very significant for the future. China banned ICOs 3 times since the beginning.
They only banned the Exchanges, so not the Bitcoin it self. Which means that China is saying: we don't like bitcoin, but we`re too afraid of it to put up a real fight.
In my opinion there will be coming many adjustments from China, and in which way they are going to handle Cryptocurrencys.
But at the end the ban will be soon gone, and your money will come back sooner then expected.  ;D

Just look at it this way: Did people that buy at $1300 back in 2013 feel really bad for a long time? yes they did.

Do people nowadays dream to buy bitcoin at $1300? yes they do.

In Bitcoin you never lose money if you are patient. Sooner or later the price will go higher than where you bought at, you just need patience, and most people simply aren't cut to hold long term on the red. Don't be the guy that sells at a loss.

21 million bitcoin. 7.5 billion people. Do the math.

The situation of bitcoin today is just normal. Do not panic. It happened only because some people sell their bitcoins when its value was high. Because of this situation, investors on bitcoin will increase. Thus, bitcoin's value will continue to increase. Just keep holding. Do not ever sell your bitcoin because that will be a huge loss for you.

Words of encouragement? Don't be nervous and keep calm. If you're in with long term in your mind, don't let this small fud take away your rationality. There's a lot of fud lately and this is not the first time. Let me remind you the last time fud happen, the price down to $1800 and after that? the bullrun to $5000.

At least you can admit to and recognise some of the emotional play involved when entering Bitcoin as a newbie. Assuming you didn't just dump your entire life savings into that 1 BTC, you should just take a backseat and enjoy the ride. If Bitcoin's price history is anything to go by, it won't be long before $4,000 is the new safety net (yeah, sorry, it's at 3,800 now!). Even if it takes a year for it to recover to $4,600, that's a worst-case scenario and it's no real loss to you, seeing as that $5k is a possibility close (in the medium scale!) at hand.

I know I wish I were able to buy more often, and each dip like this current one makes me rue the fact I don't have cash on hand even more. Do stick around, stay active, contribute. Then when prices recover we can all get excited again.

Do not make the newb mistake i did earlier in august (around the 16th ou 17th), when i bought some BTC near it's ATH and sold it when it fell almost 1000$ lower. Because when BTC rose again and hit 5000$ the following days, i almost cried !

BTW i bought some more at 4100$ yesterday, and now it's 3800$ ? Oh my... :D

I should concede getting one Bitcoin at the rates of $4600 USD from the market is very high,No need to freeze due to this.But bitcoin unpredictability is enormous in the event that you contrast it and other conventional investments,I'm almost certain that there are likewise heaps of individuals out there that purchased Bitcoin on a high cost and abruptly there was a value drop.As long as you don't offer away your bitcoins underneath $4600 USD, there is dependably a shot for bitcoin qualities to hit another high record, and you will win some profit from it on the off chance that you are tolerance enough to hold your investment for the time being.

Also remember a few people have a lot of coins and can easily manipulate market prices.

It seems you already know how to encourage yourself and thats good. Let me just support you by saying you're right because you should just hold for 5-10 years and value will surely come back and skyrocket.

I have that same "need" for bitcoin feeling and I deal with it almost everyday. It seems you've done your research well so what I say to you is CONGRATULATIONS. You've made a good investment and as with all investment, all you need to do now is wait.

But not possible on Bitcoin.You cant manipulate bitcoins price so easily it might be possible on some coins but not on BTC. Being worried on these times are only being felt by those newbie in the market of bitcoin or on crytpocurrencies on which they didnt really expect for the prices to go down lower than on the time they do buy their coins.It does happen,not only you is experiencing this but all the traders and investors too.

I mined my first Bitcoin (through LTC) but I've bought most of them, at all prices until 2200€ in May/June, I ran out of money to buy more. So far so good, but I won't sell any before 10000€ anyway, unless I find a way to earn BTC instead of buying.

Don't worry about up and downs, but try to always have some fiat on hand to buy the dips.

I am a coder not a trader/investor but would support you,keep calm.
You will profit more eventually. Don't panic and be in good health.

I made the mistake of going all in at around 3900$ expecting it to rise after the first reports. Somehow, more reports have been released and price has dropped for a week at end.

Took a gamble and sold all off with a loss of 300$ per coin at 3600$, bought back in at 3100$ today.

I dunno, the rise and fall is weird and unpredictable. I held it for so long expecting it to rise but eventually I just had to sell it off, it is a tough decision

Well, since you sounded like you are in a panic, I advise you to sell your "1 BTC" immediately. You know I was here since January but until now the most wealthy people that I know who were newcomers to BTC would watch the price for at least 6 months before they totally decide to buy huge amount of bitcoins. Most of them will only buy as little as $100 worth of BTC to start with. Then suddenly I met a brave soul like you my gringo, you had only started watching bitcoin in August and then bought 1 BTC after a little while. Brave! Very Brave!  ;D

Sell now, gringo! sell now! jajajaja!

If your set for a long term investment then there is nothing to worry, In fact, this is actually a right time to purchase more bitcoin since the prices have drop at now $3900. Hold them by at least 3 months and you'll start to see your profit. I suggest that you read more about bitcoin, it pros and cons, the factors affecting its value and other information so that you will have more knowledge and gain more confidence in your investment.

After btc-e back people will dump more bitcoin. Price can fall down to 3k6 before recover to 5k$

This is actually a good chance for you to increase your investment now that the price of bitcoin drops, don't worry to the dropping of bitcoin value to now $3900, hold and you'll see comeback in price as early as 1 month and will continue to surge until the end of the year

This is the best advice , don't sell now for a loss just sit it out and see the stupid people panic sell.
Price will go up eventually.

You can try to convert your 1 BTC to some promising alts or new upcoming ICOs with the idea to make more btc. If you will be carefull enough and will spend time to investigate the market it will work well.

Dont fall to panic sell or panic buy. Never.

I agree with you, the key is patience. long-term investment is the thing that most test your patience. and I'm monitoring the bitcoin development of late, china is a real rumor. I am still waiting for a few months until I'm sure I bought bitcoin.

Dont you worry pal, because even though the price of bitcoin goes down now it will still increase in the future. Like what happened in July bitcoins price dumped as low as 1850$ but after that the price of bitcoin surge upwards upto 4K+$ so dont worry just hold your bitcoin as long as possible so that youll earn alot of profit in the future.

I think in this case you have to make a very wise decision to make your investment work. I suggest you be patient and do not panic sell.

I'm also a newbie, more interesting in all this, is the proportion that Bitcoin is reaching, (from the big media to the personal reality of each one) :)

I would be worried buying BTC that high as well. Nothing ever goes up in a straight line, we have seen this time and time again in history. A slow climb higher is way more healthy for a long term market.

It was barely 1k even early this year. It trends upwards over time, and quickly at that, but it's hardly a straight line.

I'ts time for 3k$ crash.

I think buying at that price is very risky though it is likely that bitcoin prices will go up. but why not wait for the price to go down at the lowest price

You know, I also bought bitcoin for that price. Don`t worry, it`s just beginnig :)

I would start by asking you the following question:

Do you know when low is low and when high is high?

you do not know.

what can you do?

To be a day trader, you need to know technical analysis.

being a long-term trader you will need faith since bitcoin is used in real life and there are not many countries that accept bitcoin as a form of payments so you just need to think like this:

what will happen when all the countries of the European Union, Africa and America accept bitcoin as a means of payment to pay for electricity, water, telephone, to buy goods and services. the price will be much more than $4600

Not to worry, Bitcoin will survive just like always.

If you look at the Bitcoin chart, the price go up and down.

just trust BTC that will pump and not only you but so many of us are believing on this ... dont worry it will rise again and will reach the 10k USD at the first month of 2018.. but theres one thing i think you did .. you hit buy on the 4600 so fatsts .. it was the highest value by that time .. and when BITCOIN reached that 4600 as i remember it went dump to 3600.. am ii correct ? if you are on investment/savings you should wait and dont worry but if you are just trading wow dude you lost a lot

Chill, man. $3,775 :)

Lots of nice words, some silly ones too, in this thread.

Reality is just a little simpler yet more complicated.

You bought "high", as in you bought during a bullish moment of growth. That's only a mistake in some very specific cases, so unless you used your rent/food money to buy those coins, and unless bitcoin died tomorrow (hint, that won't happen), you did fine. Not brilliant, but fine.

Now how to deal with the current collapse (other hint, you've not been in a crypto crash until you lose 60-80% of your potential value)?
This answer is where the simple yet complicated decisions come, and it's up to you.

Did you use money you needed in order to live to invest in bitcoin? Sell, now, at a loss, and don't come back until you've got money you can afford to light a cigar with.
You will rot your blood if you play with money you need to live off.

Did you buy these coins with a large fraction of your "superfluous" wealth? Then hold tight onto them, chances are very high that eventually price will increase above and beyond your entry point. Is it guaranteed? nope. Do we have a timeframe? Sure. Something between a day and a decade.

Do you have a considerable amount of superfluous funds you are interested in using to invest? One possible strategy is to lower your break-even point by purchasing additional BTC at price-points lower than you did when entering. Word of warning, this increases your exposure and potential loss, and needs to be done with care. a possible strategy is to set yourself budgets. Say... I will purchase 0.1 BTC if it hits 3900, then another 0.10 if it hits 3800. then 0.2 at 3500. maybe finish with 0.3 at 2500 and 0.2 at 2000 as placed orders in case of a full correction or flash crash.

These are just some of the options you've got. Just keep in mind that if the value of bitcoin worries you, you're playing the game wrong.

We all need to be here with the knowledge one day our crypto networth might become irrelevant, valued at 0. This resignation is what lets you act rationally and clinically when investing. Also, and learn this quick, never keep all your eggs in one basket. you win some, you lose some. be sure to always have something else.

oh i think it is not good to buy it at that price, i think now is the good choice to buy it. because we need to buy bitcoin in small value then will sell it at high value in that case it will be good enough that we will wait until bitcoin slightly drops its price, in that case it is suitable for us, we can buy that in small price, it is good to buy bitcoin in small price, so that we can sell it and have a profit on it when it increases.

HODL.... if you bought in order to flip it for fiat gains, then you're in the wrong place and misunderstand what cryptocurrency is about.

You wanna make fiat? Go to the stock market...

It's always the same -- when the price continues to increase rapidly, people are extremely bullish and throw with $10,000 predictions, but as soon as the market is heading down, these bullish thoughts are gone. People get distracted far too easily, and that directly shows that they landed in the wrong place. Situations where people buy at near peak levels are quite common, but the most important thing is to stick to what you did -- panic selling is never a good idea. Instead, use the lower rate to buy more coins and get your initial purchasing price to decrease this way.

I must say I was surprised when I saw the price today of ~$3800 (preev.com) but you have absolutely nothing to worry about, price will be back up soon. We've had corrections, bubbles, price dropping by a significant amount afterall. Hold what you have and wait, the price will go over $4600 for sure.

I feel you man, I invested some more fiat after this first dip, but the dip kept dipping, I'll just hold for now, it was extra funds made from other trades so no harm done...

It is interesting to read these comments.

Sounds to me, that most writers are super duper  optimistic about the value of bitcoin, which is good.

You should remember that a few months ago bitcoin had NEVER been over 4000$. We have just had an all time high for bitcoin.

I think it is perfectly natural, if bitcoin would go back to 2500$ level for a while. It wouldn't even be a "crash" if you can look with a little longer time-frame.

But in the long run, if the bitcoin scaling and transfer fee problems will be solved and if governments wont start attacking bitcoin, the price will go back to over 5000$ levels.

OMG, first lesson I always give all, never buy entire Bitcoin at one go, we'll what's happened you can't change it, but you should be strong, currently it's down to China but it's shall bounce back very soon and strong, what I can say is buy small dips of Bitcoin so over a time you shall have a average. Time is difficult but I am sure Bitcoin will rise, it has to rise, I am very positive on this, just be strong and don't give up.

wiser person will not allowed to sell a their loss its better to hold it and never to think to panic while the crash is still on going, I might suggest to think
about your position about this investment if you are a long term holder just keep it inside your wallet and stop looking inside exchange do your routine
and stay calm.

See it at $3944 now so it is going back up as I think I saw someone say it dipped back to $3800 earlier last night.
It is amist all the fud from china exchanges going down by governments there according to Pboc announcements and also the news from J.P Morgan Ceo saying that bitcoin is a fraud. lol

What is reason makes you are sure the price of Bitcoin reaches to $10,000 in 2018? I see you do not have any proof or reason can convince me, your said look like as predict from a dreamer and have a strongly faith in future of Bitcoin :P

Bitcoin price increase very soon. so definitely you get profit from bitcoin. just hold it!!!

Bitcoin gained 400% in this year and gave 13% in a month below 4k but prepare for landing as below 3k strong resistance levels. You got your lesson as investing in piece rather than buying lump-sum amounts.

Glad to see you bought 1 BTC and wish you a good luck for your future work. Ok come to the main point did you think about what to do next
before buying btc ?.  Have you any plan for btc ? I Suggest you keep it until the bitcoins go up. Since the China Banned the BTC which takes the BTC down. Just wait for a week or month.

You have bought bitcoin, but just not at the right moment. Now the question to ask yourself is will that money that you spent on bitcoin ,won't cause you any trouble financially Like for compensating your expenses, if not I would suggest you to keep bitcoin for a few years from now don't worry about it at all. The price will go up and down because of many factors, but at the end of the day you don't have to worry.

Please we do not need worry about the current price dump. If there is any potential adoption or bitcoin investment by whales on it means again bitcoin's price will be reach again to the next peak. I also feel worry because of it and there are so many thread created to speak about this dump today. Nearly 380$ price dumped from yesterday to now.

It's like when I bought an $8 bitcoin and then it dropped to $2. What was I thinking, bitcoin could never be worth $8.   :-*

Just hold on to it. Bitcoin will get through all of this. It is just having a correction right now but after weeks it wil be back in the game again.

Yes I would also worried if I were in your situation. But don't worried too much you will see your bitcoin value grow soon. but you have to keep your mind cool.

When you bought your bitcoin, you gave $4600 to someone who probably bought their bitcoin for $40. They are now happy and have your money and probably invested that money in the stock market or put it in a bank account.

You now own a number in a transaction list in a chinese controlled database (chinese miners have a majority of the hashrate and thus control the blockchain).

There is no law that says you ever need to get any value for what you bought. If you get nothing back for your $4600, there is nothing you can do about it and nobody owes you anything. When you deposit money in a bank, you are loaning money to a bank and legally, they are required to give you back your money with interest. When you buy a stock, you own a portion of a company that you hope is profitable and you legally own that portion of the company and it gives you various rights to vote, etc. (depending on the stock).

When you buy a bitcoin, you have no rights. You only have the hope you can sell it to someone else. You might be able to sell to someone for $1000 less than you paid for the bitcoin right now. But maybe if you go to sell on an exchange, the exchange will simply keep your bitcoin itself and shut down as MtGox did. Maybe you'll try to sell your bitcoin on a chinese exchange and the government will block it. Maybe the price will fall again before you sell it. And if there is someone with a billion dollars in bitcoin trying to sell their bitcoin, it will take them years to sell out and the price will continue to drop during that whole time.

I wish you good luck selling the number in a chinese database you bought to someone else for a higher price in the future.

The issue is there so many things going on in the Crypto-Currency market right now. From China ICO ban to fake FUDs, to Jamie Dimon of JP Morgan who calls Bitcoin as a fraud. I think bitcoin will certainly recover in time. All you need to do is hold your coin for now because the value will recover in time. 8)

i made this stupid mistake twice, buying a lot in one go.

the first time i got a nice profit, but the second purchase (which i made some days ago) is getting bad due to this recent drop

all in all I´m about 10- 15% loss from what i invested, i dont worry so much because i´m hodling for couple of years at least, i just need to get rid of the bad habit of checking bitcoin price daily.... soon i´ll move all my coins to an hardware wallet and hopefully forget about it

The biggest mistake is assessing a buy in terms of immediate result. Unless you want to day trade, the only relevant info is, at most, quarter-on-quarter change.

IMHO the fun in bitcoin is in trading (well, with a portion of your coins), but for situations like yours hardware wallet is a good idea. make sure to keep good backups though.

From reading other boards on this forum it is only very recent that people were saying bitcoin was headed for 5k and beyond so I would not worry

Dude, never worry if you're not a day trader here. All Chinese do is speculation to make the price o down. Then they exploit other normal people's bitcoins by buying them with cheap prices.

Up and down is very common. In the past this happened too, from around $ 500 to $ 100. If you believe that the price will reach $ 5000 someday, then keep trust on your own thought. Keep watching the price movement and if the trend back to positive again, you could buy another bitcoin, hence if the price reached the expected number, you will get more profit.

Yeah, i agree with this he should hold it when the price is still on the crash. OP should stop thinking about of his investments, it will make him crazy and go panic. Holding is the best choice if they want to gain a profit for what they had invested.

Just like i said a few minutes ago in another thread, you can look at the historical charts, everytime that bitcoin went down, it goes up so hardly, and nothing can stop it. Bitcoin will continue to go up, doesnt matter what, but it has to makes some stops, it can be bullish everytime.
So lets give it some time, bitcoin will recover, but it needs time for it to happen.

whatever you do do not sell!
you can take confidence that the value will rise again
there are people ready to buy now at a low price, its a great
opportunity and the price increase will follow.

you have nothing to worry about, as i see bitcoin will pump soon and reach $5000, so if you buy at $4600 you just have to hold your btc and wait for it. if it reaches $5000 then you can sell to get your profit or hold it still to earn more in the following days

I personally suggest you OP to not sell your bitcoins. Imagine you bought them on 4600$ and now if you sell them, you will see a huge loss. This fall doesn't means it will fall forever, it's even normal because if coin rises it was to fall sometimes. Finally it will rise, it's only time of wait, if you hold them and wait even for year if situation will require it, you will see profit.
Depends on how you can to wait.. Welcome to crypto world..

Yes there is nothing to worry as price will recover and get back to normal very soon but OP should not get panic and should have patience to hold it till it crosses $5k mark and if he sells now then he will be making major loss on his investments so instead of selling those coins he should buy some more coins at this price.

Relax OP, bitcoin will bounce back and you will have profit soon. It is normal that you feel worried about your investment But someday, you will get used to this kind of volatility of bitcoin. When it crash, it crash. Leave it for a few months and it will bounce back and much higher than before.

This is true crypto now we are hight and go higher is harder but limited 21m BTC cap is helping here a lot.
So only dened on time when price will rebounce higher. Fiat are unlimited.

If this is anything like the last time that the Chinese government pummeled the market with ban rumors, then he might not have profit for years. I hate to say it, but breaking down from this daily Bollinger Band squeeze is a sign that we have entered a downtrend. It's very possible then that this year's rally is over.

Personally, I won't be selling any coins until we form a confirmed lower high on the weekly charts. But that would likely be 1-2 months away. In the meantime, I won't be surprised to see $3000 or below. I hope not, but... it looks bad.

   Prepare yourself for long term holding, before I started buying bitcoin I spent a lot of time here reading and there are topics from before 3 years, where people wrote about how
they bought on $1200, and bitcoin soon after dropped to $200. Who had patience to wait until now he made good profit but with little waiting. You have the same problem now,
you bought on high price and bitcoin dropped, like before now you need to have patience for your investment. Do not panic, selling now will just lose money and later when bitcoin
rise you will regret cause of your decision made in panic.

Been worried is normal, but you have nothing to fear, BTC will surely rise again, but I speculate a fall between November and December,this is happen because it is an holiday season everyone need money at this time,Relax and watch your investment grow. Ensure you study the market next time in other to understand when to invest.

If found this somewhere else recently, credits to the original designer but it is still very true in these days!:

https://steemit-production-imageproxy-upload.s3.amazonaws.com/DQmc7wUqBSbDwepnUxtpnAj76xtDBpTiLoYVzajCdP65iLq

Wow you don't wait for the drop happens and now bitcoin price drop into $3.8 dollars and if you do that maybe you can wait and worry no more since the bitcoin price will be increase soon all you need to do is to watch but it will depends on you, you already brought some bitcoin for me i suggest for you to trade that or make a cycle invest and trading for you to earn profit once the price of all coins will be in the green lane again.

This is undoubtedly a latent possibility, but keep in mind that one of the golden rules of any investment instrument is that "past performance is not indicative of future results", so we should not expect to see the same conditions that led to the bitcoin to suffer that spectacular fall and subsequent recovery.

On the contrary, with a more mature and well-known market, where a great growth can be expected in the next years, there are enough elements to think that this retracement is temporary and in a few weeks we will be seeing bitcoin recover its upward trend.

The price drop was 20% drop and i think the price will increase back again and i think the price will not go more below $3,800 and the price will increase more soon if you wanted to make profit better to buy bitcoin with the todays price and you will be lucky that bitcoin price right now are really cheap and the price of bitcoin will increase more sooner after the china realize that they do a wrong move..

Wait it until it will drop its price and then but it. We should learn the basic rules in trading just wait for the coins to drop its price and then buy it. Thats the thing that we shall do. And thats the best thing to do. But in that case he already buy it. Wait until bitcoin grow its price more even now.

The best advice I've heard, and I can't recall from who, but it was someone a TV financial show, was "Put 1 or 2% of your net worth in bitcoin, and don't look at it again for 10 years".  Of course, that easier said than done, but that is the attitude you need to survive the ups and downs of cyrptos if you want to be an investor (not a trader).  It's probably going to pump and crash 5 or 10 more times over the next 10 years, but hopefully end up much, much higher over the long run.

If you want to have a long term investment then you don't need to worry...
Don't be part of those panicky dumper who are doing nothing beneficial to the cryptocurrency community.
If you do have some extra cash in your possession right now that you won't be using in the near future i would advise you to use it and buy some coins.
For me, bitcoin and other cryptocurrency would recover in weeks time, hopefully :D
.
Just a word of advise.
To anyone who is looking for a long term investment through bitcoin or any other cryptocurrency.
Only invest an amount that you will not be needing in the future.
Leave cash for emergency purposes.
Because if you use all your money for the purpose of long term investment in cryptocurrency.
Then there is a big chance that you will lose a lot..
:D

If you're worried, is because you invested more than you can afford to lose. I would not sell it right now, if you ask me...

Not too long ago, we were at $5000 per Bitcoin, and doing a technical analysis, we can see that it's not going much lower than the current price.
Regarding the fundamentals, I also don't see good reasons to say the price will go much lower. In fact, it's the opposite, since we have segwit and there is no more spam on the network.

as for me there is no need to worry about, let's wait until the launching of segwit2x 2 months from now just be optimistic and keep holding to your btc and don't sell it, maybe that's the time of btc price increase upto 5000 USD ATH.

I see you can't control your emotions. Nothing to be worried about because it always fluctuates like this. Its going up and down but eventually will go more upward. You should have a mindset that your lucky enough to buy now unlike anyone else that will bought it next year that is going to be almost or more than $10k.

the problem is , the price keep going down and down , no signal they wanna go up  :'( , should hold or dump it hahaha

it's good to hear and see people so optimistic about bitcoin in the future , but there's no harm to always anticipate anything that could happened unexpected. for example the value of bitcoin freefall and taking so long time to recovered. which means it's feel like you have lost thousands dollar while you can use it for another good and active business. i suggest to use free mmoney to invest in bitcoin.

That's true, it is a bit scary to see the price keep going down.
But this is what makes us traders, hodl or dump, that's our only choice.
Price falling like hell like that is a normal thing, so relax, I hope so.

It's quite normal for retracements to happen, either in fiat currencies or alt coins.

I read a few articles online said that BTC might be heading back to $3K support line again (it's going to be a bumpy ride for sure...)

Being a new member here means very little.  Most of the "veterans" here have very little to offer as very few hold significant amounts of BTC.  Being new to trading is the key.

You messed up.  You bought high.  Does that mean that you won't eventually get your investment back?  That's too far away to see.  Maybe, maybe not.  What matters is your pain tolerance.  At least, in this case, you aren't involved in futures or options that expire.  Even if it takes a couple of years, your odds are much better with respect to recouping your losses.

Personally I think BTC is still greatly overvalued by at least $2000-3000.  We might see those levels again and it's in your best interests to hope so as well, especially if you are truly in this for the long term.  If you can buy several coins at less than $1000-1500 you will be in a much better position than you'd otherwise be in if you had just the singular coin at $4600.  Everyone learns the hard way....but true investing is a marathon that requires an outlook of years....not the greedy optimism that believes in weeks or monthly timelines.

everytime bitcoin find stable price , but its keep going down , recently stable at 4600 after down from 5000 , then stable at 4200 , then now its stable at 3800 , next stop 3400 ? or back to 4200  ;D

Dump it.  You're too silly and weak to own any bitcoin anyway.  Leave it to the grownups with stronger hands who don't have to ask for advice on how to trade.

A thread For Those That Think They Missed The Boat. (https://bitcointalk.org/index.php?topic=2091644.0)

Perspective is everything. But first, ask yourself why you believe in Bitcoin and how long you're willing to wait for Bitcoin's value to materialize. This should drive how much you invest, if you double down or if you cut your losses. You shouldn't be kept up at night thinking about your investment - if you are, you need to get out.

Don't forget that on pay days people buy more bitcoin as well so let's see what happens on friday.

Thanks for the advice so far guys. I was expecting a whole lot more negative criticism since I bought that high, but everyone has been really helpful. Much appreciated.



I'm addicted to the charts at the moment, I figure I should just get used to the stress while I'm at it ;D trying not to check all the time though.



Yeah, moving it around now would probably be a mistake, especially since I'm fairly new at trading. I've decided to hold it to the bitter end.



I agree to a certain extent. In hindsight, sure, I bought too high. The ATH was over $4900 at the time, which was $300 above what I paid. The market was recuperating from the news about ICO fraud in China, and when the value regains strength after an event like that, it historically goes to new heights.

This was my rough analysis before I bought. I didn't do any technical analysis of the trends, only the above was evaluated. Unfortunately, both the news regarding exchange shutdowns and the JPMorgan CEO's comments appeared shortly after my purchase, and there were few telltale signs of that happening (as far as I know). That's 3 big ones in a row, and that's 10x worse than just 1 piece of bad news in my eyes.

If you spot any fallacies in my reasoning and would've done things differently, don't hesitate to correct me.



Definitely, I'm going to set aside a percentage of my income to buy the dips from now on. My Bitcoin wallet has been in cold storage from day 1, thank you for the heads up!



Well. :P Whether I spent from superfluous wealth is debatable. It's a lot of money, and some cuts in my daily life have to be made short term. So yeah, I did use some that would've come in handy. I'm kinda past that now though. It was frustrating the first couple of days, but you have to risk it to win it. The regret of watching the value potentially skyrocket years from now, not having taken part in it, would be infinitely worse than the regret of losing 1 BTC now in my opinion.

Don’t be panic the market will rise again and the profit percentage will go up .there Is no need to be panic you should wait for the right time to struck and you will be blessed with profit just stay up to date to the market rates and in coming future bitcoin rice will go up and will give you a lot of confidence to invest again,

You shouldn’t have bought Bitcoin at such price. You should have waited till November to see how things are going to roll out. I believe price will hit very low then and there would a rush-in that will make it hit back high again and lots of early purchasers making profits.

yes he should not buy at that price, but dont worry about that, bitcoin will probably go back to $5000 so he can earn profit but not now, maybe next month. so he must hold it for now, dont mind the losses he had just think positive and for sure he will still gain profit in there.

BTC is volatile, it does this! Look back at July, it dipped down to $1800 then the next thing you know it was racing to $5000.

It will come back, you just have to be patient.

When I saw this: https://cdn.howmuch.net/content/images/ex3-5-1.jpg it really put things in perspective for me. So, I'd say, just be patient. Unless someone find something critical with Bitcoin I only see it going up long term.

It is right that bitcoin price is going down but I hope that within a month time it will get rise again and you would feel that the rate in which you have bought bitcoin @ 4600$ was quite right. I think it is the normal price just wait and watch, I hope you will not be worried in future with such price purchasing. Patience is the main weapon in business so don’t worry and keep continue with bitcoin.

If your looking for long term benifit then you really no need to worry this fluctuation is common in cryptoworld you can see bitcoin chart if any small negative fluctuationhappened soon after some time bitcoin gained more than 50% of value compare to actual fluactuation happened be patience.

Don't worry friend, it's normal.
Please hold your bitcoin to best time and don't sell it!
In any case price will be recover and will be rising again. You will get profit soon. If you sell it now you lost your part of money..

If you do not have a problem of cashing your btc out for a few years,fine them you do not have to worry ,after a few years you can cash it out and chill. But if you want to earn within a gap of one year or less,there might be a few things to worry about. The prices might fluctuate (because of the issues going on in China or even because of a possibility of a world war or god forbid even worse) or it might not,but better be careful and make sure that the decision that you make won't affect you.

That is a heart pounding decision for you though, if it was me I am sure I will be depressed and devastated as Bitcoin's price goes low as much as $2,900 almost 40% decrease in the original price that you bought a single piece.

Actually no one can really tells what will happen in the next seconds, minutes, hours.

I would suggest along with the holding of coin if you have some extra money start buying some coins regularly. This will help you out to average your cost and make it lower .

In such a way your recover will be faster and also you can earn good profits if you believe in that price is going to rise in coming time.

Firstly - dont worry because Bitcoin will break through this
current negative cloud. There is uncertainty in the market
which is driven mostly by misinformation both negative and
positive and also by panic and people driving the panic lower
to buy more at a lower price.

If you feel you can you could always buy another bitcoin at
a lower price like $3500 to lower your average outlay at
$4050

You right! I heard today that one man said that need to buy bitcoin today at price below $ 3600 (I forgot name, this is famous)
after price will fast rise. Don't know is true it or not..
In my point of view will be happen.

there will be no word of encouragement for me lol dump it if you like and there will be takers. sell orders are going to be filled but so are the buy orders. if you want to learn what is going to happen, try selling it now and set a buy order at $3500 this might ease you out.

My suggestion is that you take a chill pill. What goes down, will come up :-). Think long term, not short-term. This time next year the bitcoin price will more likely be higher. Short term volatility is not something to lose sleep over. Think of it as an opportunity to buy.

@Fievel
Here is something that might give you a little hope:

https://www.cryptocoinsnews.com/prominent-bitcoin-trader-price-is-heading-towards-100000-in-2018/

You have nothing to worry about mate and I am very sure you will be the one telling someone else the same thing very soon. Is there anyone that has never been in your shoes? I guess not! Except for the starters of course who had the balls to invest far back when it was still extremely cheap. If you are still in doubt, you can try going through the history of bitcoin's price since inception, probably that will make you feel better.

Apparently it is not only bitcoin that was affected, most altcoins went down to all because of the uncertainty of which the Chinese regulations will influence the crypto ecosystem and the possibility of other countries to adopt and implement similar regulations...but imo its better to hold on to your coins you bought as price could easily raise by a 1000 dollars in a day and allow you to break even.

I'm sure in the long run it's still a ridiculous price. Like now we laugh about 3 years ago when it was 100$

Encouragement? Stick with the idea that bitcoin is long term. No need to based on the recent news and FUD to wreck your expectations. Come on we have reasons to believe that someday another journey to the moon will happened. Sit back and relax.

You are already on the loss but it's not that much with the current price today. Just HODL as you don't have any choice. It's more way better than selling at below your buying price. It's not a wise decision. You already entered the risk then go straight forward by giving some patience. Just let your bitcoin sleep at the moment and don't sell it.

I was already happy when i do see bitcoins price did hit up again on 4k range but now when i do see again on its recent price we are heading down again 3649 as of writing which do really suck to see these prices on bitcoin but well its still okay i do wait a little bit more for buying cheaper bitcoins because i do know price would really rise up again and for op just hold on to your bitcoin.

Don't worry op. You made a smart choice. Bitcoin will reach 100000$ in a few years according to me. Whether you believe me or not, there is a good chance that this will happen. Stay patient and positive.

Yes, you truly have a reason to worry as you are facing a huge loss as per the current market price. However, if you looking at long term, I will ask you start dollar cost averaging procedure. That means buy bitcoin at every dip and hold. The lower the price will be, the more profitable it will become. Also think of longer term. If you are planning to hold your bitcoins for another 2-3 years, I see no reason to worry. You will be rewarded suitably!

As of now the price of bitcoin is 3700 dollars and last few hours is 4000 dollars it will decrease 300 dollars. Dont worry if bitcoin price decrease its natural all coin experiwnce dumping and for sure after dumping it will increase again and for sure bitcoin will recover but you need to wait and i think maybe we see the price again 5k dolllars in the month of october. As of now I dont think bitcoin price will hit 5k dollars this month .

It's okay, since you already invested there's nothing you can do but to trust bitcoin. Bitcoin is a long-term investment if you want to atleast gain some of your money back you should hold your bitcoin for a long time. Bitcoin will recover but you will have to be patient if you want your money back.

You shouldn't panic, but I understand how you feel since you bought your coin at high price and now it's down to $3000. It already happened in the recent years, so stop brooding about what you've done. All you can do is to hold it till the price recovered. Bitcoin is a long term investment you should hold it for years and see what will happen.

So high price but don't worry
may be will go down for bit and will back to 5000-600$
Then 10000$ in next months

I bought half bitcoin @ $ 4,500 ....... Only wait to rise.

I hope soon.

I think it is a credible idea to start buying more Bitcoin now, but no longer all at once as you did before, instead buy a little and wait to buy more if price drops further to a certain level and you'll turn around to be ahead of the game. At any rate, your first step forward should be the realization that you need trading knowledge and skills to find your feet in trading, else it can be such a pain.

As we warm up for a proposed hard fork in November, the price of Bitcoin is likely to rally above your purchase price before settling lower to await the outcome of the scaling decision. Would not be a bad idea to offload half of your hodl and then followup  the market to buy again after a bottom is confirmed.

Long-term you will look at $4600 like people who invested five years ago saw $300, or $500.  It's just another stepping stone.  There is an incredible amount of upside, and you just have to ride out the waves, as it is an ebb and flow.  There will be a tipping point where it takes off again, and you just have to be patient with it.

not sure if I replied to this thread already, but here are my thoughts

Winter is coming!

That's at peak and now the price is $3,621 and you should do nothing as of the moment. The price will again in the next few months.

---

Just keep on waiting guys, best thing happens to those who waits.

i think there is still some panic in the market which is not letting the price of bitcoin to increase, but still i think that people are giving good support to bitcoin which is not letting the price to fill down from 3000$ and hope that this time again it will bound back from that level and hope that this time it will surely hit 5000$ in a very smooth way.

Of course for me it's hard to judge how you are feeling because I bought at around 2000-2500 range (even with the recent drop I'm good). If you really can't handle it just walk away from it for a couple of weeks.

I would not worry, if (when?) the China ban falls, the market will recover and rise a lot

Dollar cost averaging,buy another when it drops to 2000- 1800 as predicted then you'll have 2 at 3300 apiece. Also as predicted 7500 by the end of the year at least, I think this whole thing is a set up for the Hedge funds and JPMorgan to buy in low and China to launch their own State crypto.
 my 2 cents worth lol.
 Also I tend to buy a whole coin at a time too.. but we both should realize that if we spent 50 or 100 $ bucks every Friday on Crypto we would be a lot better off, highs or lows wouldn't matter because of exposure to the entire price range :P

Best thing, keep your bitcoin out of site, and think that you just lost that amount of money.  Since you are planning to hold it for 5 to 10 years, it does not hurt to do such thing.  Besides seeing your Bitcoin regularly and looking at the price would worry you more when the price keep on plummeting.  Best move buy again if it goes down ;D. as what phuckit17 stated.

This is only my thought i think you have been buy at the wrong time buddy. Now is the right time. Bitcoin already drops its price now and i think few more days it will regain its price so therefore i think you will a little amount of only amd that was not good. If you have an extra money then buy now.

It was not the best time to buying but do not worry, after finishing uncertainity of China in october and novembers fork it will rise again with new ATH.

Although I always stay positive  but the reality should not be neglected.Whatever you are saying could be quite true or could be completely based on illogical facts.You never know if thing will always work in the favour of bitcoin.

It is an experimental currency,deal only what you can afford to lose.If  $4600 is a big amount to him,frankly he shouldn't risk it it.There is no guarantee he would double it.

I'm surprised how these guys have planned their investment for next 5 years already  :-\

I believe you have a lot of faith in this currency without worrying about the fact that maybe is a bubble that could last a couple of years more. just like you, I share your opinion of buying btc before it comes out of my reach but would not bet on long-term in it, however in the short term or so what's missing this year I will take advantage of such bad news as the Chinese government to buy more of them.

There's no need to be worried, just keep holding and keep patience. After all it was your own decision to buy it at the price you bought it so simply keep patience and hold it considering it to be a long term investment, I'm sure you will have good returns very soon.

9kK is a nice profit on 5k....see you at 100K a btc

No need to worry. Just hold on to your investment till its value reaches a higher value than what you purchased it for. You may have been a bit excited. But nothing’s wrong with that. You just need to be patient enough until you reach your goal. God bless you on your investment.

dont put your money at 1 buy order, this is my bitcoin trading trick. im buying some altcoin at 210satosi then buy again if the price down to 110 and buy again if price down to 50 and waiting price back to level 100 and sell all :)
so i can get faster profit with this trading trick

the only matter from the most people is they don't patience when they see the price is down like now and they just panic and trying to sell their btc because they don't want to loss their money value. but the real investor is only buy and hold the coins for a long time, no matter if they bought at high price because they are sure that the price will become expensive.

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes”

-Warren Buffett

Just Keep it if you still have money to spend to keep living.You will gain someday if you hold it though now the price range were $3800-4000. We believed that someday it will reach twice the price you bought 1 bitcoin, say $4600x2=$9200. Goodluck investing  :)

Yes this would be the quote that I would like to show to people who are just blindly buying without evaluating if they are really willing to wait that long to have gains. The problem nowadays is that almost all things are instant that is why when buying bitcoin, some people expect to have some gains immediately and just following the herd and if someone buys, they buy and if others panic sell, they would panic sell.

Those investing on bitcoin should think first what is their purpose in investing whether it is just for short term or long term. If just for short term then maybe they can search more on when to buy if they don't know yet the market cycle and find a reputable trader that has a speculation of where the possible bottom is so that at least they will not be able to buy at the top and end up on a loss.

Well, you bought near the top and that is a classic newbie mistake, if you are a newbie the best time to buy is when the market has not moved much for some time, some may say that you need to buy the dips but that is a maneuver for a bitcoin user that is experimented because if a newbie did that then he will probably panic if the price of bitcoin kept falling after he bought, now you will need to hold for some months or even a year before seeing any profit from your investment, but do not worry the longer you hold the less you care about the movements of the market.

Best way to make an investment when you think the value is at a top value but you are not sure if it will rise or drop is to spread your investments.

e.g. you have 1 BTC, one could consider investing 0.1 BTC every 2nd of a month.
You might miss the biggest gain, if it goes up, but when it goes down, you will buy more at lower value and will gain faster in case of a recovery.
Basically you are buying the avg price of the coin, and after a period of time you will gain the maximum value quicker.

The best thing to do is to hold. You already invested money and we all know that investment always involves risk. And besides, dumps and backdrops usually happens because Bitcoin is volatile so fluctuations are expected. The market is down becuase China banned Bitcoin exchanges and ICOs. We are now seeing that Bitcoin is slowly making its way up again after the downfall. We should hope that it will continue until it is back to its state before the dump.

I don't think you made a wrong choice when you invested in bitcoin.
The point of investment might look a bit unfortunate at the moment. But it is in bitcoins nature, maybe even bitcoins big secret of success to be volatile.
The longer you will have your coins, the easier it will be for you to watch the ups and downs of the chart. Just don't panic.

Nothing you can do there bud but hold. Most of the mistakes most newbies don't foresee is buying at the recent top. Because of the hype and fomo, almost everyone feels that this could be their biggest break because the price is rising pretty fast. I myself am guilty of this, since I've bought several coins at the top thinking I might snag a few profit off of them.

Buying from the $ 4600 level has been a wrong start, and there are a lot of things you need to do right now, or you can bet, or you can save some of the money you've invested to make money.

You're right, the market is lacking in momentum because people are a bit apprehensive about what would become of the proposed hard fork of the network is going to unfold. The proponents of Segwit2x and Bitcoin core are still having divergent opinions and those are sure to rob on the network. Wait n see is the name of the game!

I don't think this to be an wrong decision to buy bitcoin when the price was $4600. You should have known much about the market before investing, if your plan is for long term never get worried. If you thought of making profit in a lesser time, then no other go than just waiting with patience for a price pumping.

Just wait some time because it has always grown up after declines, so not to worry that much.
Secondly, don't take any wrong decisions like selling in panic or start trading (if you have no experience) or gambling because these might ruin everything and even worse if you lose them. It was all a planned dump so don't panic and hold tight, because those who hold here are the ones who profit.

$4600 bitcoin for your 1st buy is not really good. When the price dump until $3500 maybe would be better for you to buy. I think you are too excited to have bitcoin in that day. Today bitcoin is lower than $4600 which is really not good for you. Try to wait until end of the year.

Just hold on to it don't make a silly decision on selling it, for you might regret it. Be patience man.

It's going to be a long wait for btc price to recover back to $4600. We've entered a bear market, think about it; about a month ago, we were at around 4500, currently we are sitting at 3600. Next month, we will be seeing 2500.

Why? Because of China, simply. Chinese are holding a massive amount of btc and they are going to need to liquidate it all. If you think it's not going to happen, I have a castle in Spain I'd like to sell you.

Bought your 1st BTC for $4600? I think thats not a good decision, but we really don't know what will happen next. Maybe you should monitor the bitcoin price from time to time and wait until end of the Month.

You are very much right. I will suggest him the very same. I think pump and dump is quite a natural thing. If you are into this business, then you have to make yourself habitual of this thing. The most important thing for is to decide carefully what to do at the time when prices are getting low to avoid any loss.

yoy shouls be a bit worried you did buy bitcoin at a really high price but not to worry the price has been rising from paat few days just hold it no one buys bitcoin to sell at a loss it's better if you forget it for a few days and come back later and then check the price so you don't panic

Ya you no need to panic now.Today the price of bitcoin is reached around the Value of 3900$.Tomorrow the price of bitcoin may reach the value of 4300$.At this month end the price may reach the value of 5000$.Wait till this month end.you will get 400$ profit for waiting for a week.

OP is f*cked. It's wise to sell now even with a small loss compared to selling later with a bigger loss. I know of no hodlers who are rich, having 1 bitcoin 8 years ago is exactly the same as having 1 bitcoin today, you just have 1 bitcoin and you will only have 1 bitcoin. That is the sad situation facing a hodler. Their wealth is in their imagination and on paper only. Hodlers are all gonna so f*cked sooner or later.

hard to be in your place. Do not check the price during november if you plan on holding. maybe move it before november somewhere where you get the altcoin if it forks.

Relax op and believe in btc, you can recover your loss in the right time for sure. Just keep and hold it. Don't sell it atm, you will lose more if you did since you're still a newbie and obviously you know nothing about trading.

If only you're a pro trader, even if you bought at $4600 you can sell it now and take advantage on the $50-$100 swing a day. You can recover your loss fast and make a profit but unfortunately not. So the only thing you can do is hold.

The problem is that you are asking a lot of patience from him and while a member of the forum that has seen and experimented situation like that before could do it, you must not forget that he is a newbie, the price of bitcoin has not been that high for some time and I do not think we are going to see that price in a long time, so it is very likely that he gets desperate and sells for a loss.

Well it creeped past $4200 today. Not too far from where he purchased.  Many seem top be predicting a continual rise to past $5K right now.  I am sure plenty of people said the same thing to guys like you when it was at $20, $200 an $2000.  Look at where it is now.   I think people really want this currency and while it may go up and down it will continue its rise.   Wasnt it under $1K earlier this year ??

I bought some at 4K after crash was rebounding.  Later at 3600 and today again at $4200 just in case it goes to the moon. Dollar cost averaging is my goal.   Not doing a great job of it yet.  Price swings so wildly  it continues to surprise me.  If it drops again great I will buy while it drops too. 

Glad to have made your purchased at those dips. You are doing good mate. Keep it up. Almost all of TA has been pointing a upward trend specially once we breach $4100 which we have already done so. So continue to hold and just buy on dips and you are good to go. Look at it for long term. Don't short sell as it does not benefit you.

But in case their is a drop, get as more as you can. I don't have funds but if a have a lot of extra, I would also be buying in those dips, really a good entry point for all of us who wants to join the bandwagon and go to the moon.

Well it is slowly recovering, so you should not be worried now, because it went from $3500 to $4200 at the moment, so i think that those are very good news for all of us. specially because this is a good signal that the price will go to $4500 soon. Anyway, buying bitcoin at higher rates it not a bad thing, it will always be going to go up, so you should not worry about it, because it is recovering now  8)

Yep don't have to worry anymore hope this recovery will happen up until the end of October. We are now at $4,200 so there's 400 bucks to go and you have now your original investment. Don't try to cut your losses because it will just going to give you an headache and later on the price of bitcoin will recover. You'll regret it when you see bitcoin's price flying up to the moon and you sold it at dip when you are trying to cut your losses.

Not be worried about, just wait til it comes over 4700 and sell.. then wait for the arbitrage to do it again ... buy high and sell low ... every one talks about it around.

Don't sell. In the long run, it gets higher. In fact, when it's low, you should snatch that opportunity and buy more.

don't sell it just wait until it reach $5000 then decide if you want to sell it or not but if you want to use safe way,sell it when it reach $4700 So you don't loss the money.

Nowadays the value is increasing day by day so u don1have to worry about that,i hope soon it will hit $ 5000 at the end of this year or the beginning of 2018.Today the value is nearly$4.25K so its recoveringfrom the crash.As you said you don't have to worry about holding bitcoin because in the future the bitcoin gonna have a very good position in the world currency.

Yes, the price will increase and reach new price margin. No need to think about the issues, it's good to have patience and make the best out of it. At present keep holding at least till it crosses $5000, so that you'll profited and no need of thinking about losing. Here it's all about trust, believe in it. Profiting happens now or later.

I expect good things will happen in October, everyone would expect Bitcoin price will return to $ 4600, I remember the feeling when sell Bitcoin price $ 4600. If it hits the price $5000 as you say it is wonderful thing, I like your thinking.

Yeah having a long wide patient is the key of success here in bitcoin, I think bitcoin will still reach that amount again, just wait for maybe by the end of the year. But still, that is really not a good decision you make, but try to wait until it reaches that price again, monitor bitcoin price from time to time.

As of now the price of bitcoin is 4200 dollars and I believe it will increase again and maybe we the price of 5k dollars. So dont be worry if bitcoin price decrease because if you see the price last few days its below 4000 dollars but now look the price . Its better if you hold your bitcoin and wait the price to increase after that you can sell that so you can earn profit.

One day you might be reading a post like this but the guy will say he just got in at $10,000 lol

it's true this happens almost at the end of each year, bitcoin always experiences a declining selling price. but as long as we are able to maintain our bitcoin this will be one of the successes when bitcoin prices are pumping, I think 5k will be achieved this year.

No doubt with that mate since as I know November to January is the pump months of bitcoins and you can see it on the other years happening and maybe by that time we can see bitcoins pumping up so hard. But for now the one what I see is the stable dump and pump scenario so better for the people and the OP to hold his coins for little while since there are more coming pumps will be happen.

Or, one day he might be seeing the prices hovering around 1000, wondering why he bought Bitcoin. Don't take Bitcoin's volatility as a joke. Currently, Bitcoin is holding at around 4000. It did reach past 4200, but I believe it dipped again because of the news revolving the United States. We may see more crackdowns from the US side under Trump.

If it really happen he might die because of happanies because he will get a lottery haha because bitcoin is providing everyone opportunity so nobody no that might happen in reality.

we see that the price for bitcoin is a bit healthier above $4000 so the OP cannot be as worried as he was. Bitcoin price will be strong again, just takes time. dont panic and sell think of the long term

Buy it and forget it, otherwise, you will be always stressed and checking the price...

The value at bitcoin by December will be related to how deeply the hard fork will damage and affect bitcoin, unline others years this year bitcoin will have a stress test, segwit were the first, then the split to bitcoin cash and now November fork wich people does say it will be more deeply then bch.

I don't think the hard fork will make us lose. You know we will get another bitcoin plus our exact bitcoin. The price of both will be good 90%. And then we don't be in loss with this data by having two of them in the same time.

Even if you do not consider yourself a trader buying bitcoin with the intention of selling it later is the act of a trader and as such we must make an effort to learn the very basics of trading before our purchases, because something like what we are seeing may happen, you buy near the top of the bubble and now you are going to be in the red for a long time.

Honestly, this is quite frustrating as you buy in really high price and now you're dealing in what you might lose.
As we seen bitcoin fall to $3000 within this month from $4600 and until now we're slowly hovering. But buddy if you trust bitcoin enough you'll hold tight to it. Yeah if that will happen to me I can't have a good sleep but what's done is done and we should just move on and wait to have a good profit. Just trust and it'll happen.

I never made that mistake but it is not like I’m perfect or anything I understand why people make that mistake, they see the price of bitcoin growing everyday and they think they need to get in now or they are going to miss on the easy profits, but once you trade based on feelings and not based on the math then you are a lot more susceptible to make mistakes like the OP, but if he truly believes in bitcoin holding is the only choice he has.

Even if you do trade with math you cant still assure to have profits anytime specially on trading or investing into bitcoin.Knowing that prices are too volatile and no matter how hard you would calculate and stuffs movements doesnt rely on anything which is the thing would really be hard for us investors and traders. Panic do normally happen because we do afraid to lose up money as a human we do feel this way but as a believer of bitcoin we should hodl no matter what happen.

I think it’s normal to be worried some but don’t be so nervous of things that might be solve when patiently waiting. As the price now at 4200$ to 4300$ the margin to profit is nearly coming after more days or weeks. So take a deep breath and relax and don’t look much on that chart, it is better to just put an alert on your mobile if the price already reached 4600$ to get even or to wait more to get a profit. Bitcoin is a rick investment but if you handle it with confidence it will be as easy as you think it is.

Even no need to worry about 4600$, because bitcoin price is now already trading very close to it, and very soon may be in next few days bitcoin will easily cross that level. but you should not sell your bitcoin you need to hold it for the some more time because bitcoin will surely give you a good profit after some time, because there are more expectation that in near future the price of bitcoin will cross  7000$ very soon.                                                                                                                                     

It's natural to worry because right now you are at a loss, but bitcoin is highly volatile and you should've known before you invested that it was possible. I personally invested at a similar price but I am confident that in a few months time I will look back and be very content with my investment.

I think Op is not as patience enough as we think, that’s why it is impossible for him to HODL and wait for more days or weeks even there is always a big chance to profits as you said a 7000$ or more than I think in the future.
 
I advice first Op that he need first to understand and research how bitcoin history and what are the factors it become popular right now.
This is the most important thing he must first considered.

Learning before earning is a must.

I think this is an accurate description of what it is happening but I will add that when I bought my first bitcoin the price was nothing like what we are seeing right now, so my investment was a lot smaller compared to the investment of the OP, and that is without taking into account that I checked the charts before buying and I choose to buy in a moment bitcoin was getting down, so after a few days I was in positive territory.

Simply is when the price of Bitcoin drop down is different your prediction, you will feel panic in that time if you do not ready with the bad situation. Then, you will see others also want to sell their coin before Bitcoin's value dump more, that is the time you will take loss :)

Price has started to recover once again so there is nothing to worry and it will regain its position in coming days so the only thing you need to make sure is that you don't lack patience and hold your coins for the right time as it is predicted that price will touch $5000 at the end of the year so if you hold till that point of time then you will be making good profits on your investments.

Words of encouragement I would say dont be too worried just at this moment because its normal for adverse news of some kind, the main thing that matters is integrity of the blockchain itself.  The most relevant news is crypto news, various politics and country news is not so systemic as what can happen digitally.  
I would also argue its better to buy every month not just once off, regular buys gains an average price.  So long as its a bullish market you will be into growth which is the most reliable way to get a profitable trade, nobody knows exactly when is the right times to buy or sell.

Relax buddy it will be just a little bit of time for bitcoin to reach back at this price, just be patient till then, and if you want to sell your coins then after breaking even you can do so.

Edit: Bitcoin has now crossed the $4600 mark so now you have break even and it's up to you to decide that either you want to sell your coins or save them as investment and I am sure if you take the second option then you are not gonna regret in the future as bitcoin will be double or triple the price in the coming years, so just forget that you have invested in bitcoins and come back after a decade and you will surely be surprised.

We are now close to $4500 and the OP may break even in a few days. And assuming the trend continues, its just a matter of week before he can see profit. So just like everyone else here told you, no need to panic buddy, Bitcoin is really a good investment and don't ever doubt it again. I suggest you don't sell, just hold and have trust because the next goal would be $5000 and then $6000 before the end of the year. So just hold and enjoy the hype train ride.

This user should just think of people who bought before the 2013 crash at $1200. Their market value went down by more than 80%, but if they had the stomach to wait it out for 4 years, then they would have got 4x profit. That is not bad at all, for somebody who bought at the peak.

would be nice to see a reply from the OP to see if he really waited as suggested or that he chickened out earlier at the lower prices..  ???

Yeah, it has already reached the mark of 4500$ and is likely to increase even more. Well, I foresee it to be 5000$ till the end of this month. So, this will be relieving news and if everything settles in right place, you can even get huge profits but till then it only demands one's patience...

Now same thing will happen to this guy if s/he can wait for 2 years.Price is expensive now compared to 2 years ago but this price level is nothing after 2 years ;)

And now you're up 6%. Lesson to learn: HODL.

This is nor for everyone, most of these guys are buying bitcoin is short term with loan money and that's why they panic and sell earlier than they are supposed to hold it.

Honestly, if you're looking at the long term any entry price right now would be good. 1000$ is a bargain if compared to the potential that bitcoin has in the upcoming years.
It doesn't matter that you bought at 4600$, it matters that you pulled the trigger and bought it. It's as simple as that. In 2020 you'd wish you were able to buy bitcoin at that rate.
Of course if you're in for a short term proft you'd have to catch bounces and place buy orders on support levels but you're never sure the price will ever go that low again.

Well you are in profit right now, only by a five percent  at least, but it is good money because you bought at $4600 your bitcoin, and now it is upto $4850 each one.
So you can see it, you waited some time, but you are in profit now, maybe it took a little bit long since you bought on a bearish trend, but now it is over and the price is going up again.
You made a good investment.

Now BTC price has recovered beyond 4600. I don't know if you decide to take profit or continue to hold. But in longterm, bitcoin will appreciate.

Seems that all the people commenting on this thread at the time of the original post have been vindicated in saying not to worry and to hold on to it. Bitcoin will likely even increase beyond the current price by a substantial margin so there's really no 'bad' time to buy, just opportune and inopportune moments.

Ahah don't worry about crashes, you are in profit right now. Take your btc into a wallet and soon you will have also 1 Bitcoin Gold.
And stay tuned because btc will hit $7000 soon.
HODL!

Now that the price is back at  $4850 I think you can sell in other to reduce your fear. Successful traders are not afraid of losing when the price is going against their position. They know that the price is going to get back up. Trading has never been profitable as what we are experiencing in cryptocoin market and if you are not a panic one you can buy a coins or bitcoin today and become a millionaire in 5 to 6 years to come.

Just HODL relax take a beer.

All who are here have been in your exact position. Some bought at $2 and thought they were crazy. Some bought at $1500 and thought it would never recover...

How to look at this investment
BTC is a lottery ticket with a >50% chance of winning.

In 5 years time you will either be cursing yourself why you bought some. Bigger chance you will be cursing yourself why you didn't buy more....

Looking at the latest Bitcoin prices on the stock exchange, you can say that luck is again a user in hand. Our assets are growing again and this can not but rejoice.

I would say that it's not a good entry but I would not either say its bad. If you believe that bitcoin will reach $10k next year therefore you don't have to be afraid.

It is incredible how a single trade can teach you so much about bitcoin, and if we are honest, bitcoin seems like it is going to go up once again, bitcoin gold is going to be nothing but a way for people to get their hands on more bitcoin and it seems the segwit2x fork is weakening with each passing day, so things are really looking good for bitcoin despite all the bad news and FUD we had in the previous weeks.

In your case it would be best if you just hold your bitcoin and wait till the price of bitcoin goes to bubble again. It won't take a long time since we recover from the last dump that happen when china banned bitcoin on their country but check the bitcoin chart it really recover so fast.

Always remember. Markets are manipulated. Dont keep BTC just to keep them, make it an active capital + dont forget to diversify it into other ALTcoins.

if he still kept it as btc by now, he still have gained more than $500. OP were worried whether he wasted his money or not from the entry point of 4600USD while that time the price was sinking. but now that its rising as he expected. he should have gained.  but but but if he diversified it to altcoins, then some of his altcoins might have been sinking too.

Don't worry and don't think about the price at the moment...

I am not sure if you still keep your money in bitcoin but if you do, i am sure that you've got your worries away and probably you're wishing that you should have bought more than 1 btc at that time since the price is getting back and just reached the $5000 level again and in my opinion if you really believe that bitcoin has a potential you should not have to be very worried whenever the price gets lower than the price that you had bought because sooner or later it will go back to a much higher level .

Well it hit $5840 in the last hour  :o :o  I hope you held on to it. 

It will easily break into 6K+.  We have 13 days before the fork.  People are dumping alt coins and buying BTC.  Price will keep going up and quickly. I wouldnt be surprised at all to see 7-8K before oct 25th. 

I already spent most of my money buying when it was 3500 up to 4800  so I dont think I will get any more.  It would be hard to put money into it at this price with fear of it crashing which I am sure it will.  Personally I will consider dumping more into cheap alt coins.  You get the much lower price plus the added increase of value from your BTC.

Look at it this way

if you bailed just after gox high 2013, you could have cut you losses from say 200$ a coin versus 750$ a coin, and doubled down at the low and purchased in and held....but how would you know the timing?

if you just hodl you would be up about 3~4 times now.

So buy in now and you may be at 60K or 100K in 5~7 years time.

how do you feel about the difference of $7000 a coin, and the other $53 K you would have.

the $7000 now is insignificant.

I recall back in the day being concerned about the high percentage margin I had to pay to acquire some coins it was about 7%, where I was, concerning at the time sort of inconsequential in retrospect.

You have to step back and take the long view.

I stuck to my long-term plan, still have the 1 BTC (plus I bought some more at $3000 during the dip).
I feel slightly less worried now :P

That is the correct way to view things, but how many people are able to hold for so long? Not many, most people especially people born in this technological era cannot wait, they want everything right now, they want to make profits fast, it does not matter that bitcoin is having one of the best years ever, if they do not see profits in a week they begin to say that bitcoin is done and all sorts of dumb things.

You paid 4600 now its 6400..be worried..be very worried..at how great you did lol

And now you're up over 50%. Did you learn the HODL lesson?

Panic over!
There will be people who have bought bitcoin at $6500 and $7000
and when the price fals will he panicking thinking it will never go back
up. This thread is proof that it always recovers.

Just a note: Bitcoin is ×10 of its price in 2016 although the price was very fluctuate. you just need to hold and ignore everything else, fud, media, panic.....

I really doubt the story is true but if it is what you did was irresponsible, but at the same time bitcoin show to us that even if a person without knowledge about it invest in it the profits can be amazing, this person has not been in bitcoin for two months and has huge earnings already.

Your right sir if you brought a lot of bitcoin since 2016 but if you buy your bitcoin in $4600 there's no need to worry about that because bitcoin value now it raised up into $7000 I think you also lucky. Due to your investment in bitcoin are already earning, so maybe a little bit more holding your amount, because there's a possibility to increase it more. Who knows maybe your bitcoin will earn 10x or more in the future.

the current price of bitcoin is now 7269.59 US Dollar

let wait and see what the price will be in the next 3 years.

Well heads-up buddy your risk paid-off, like any other investor here in forum! Firstly, congratulations on your investment since currently, bitcoin prices are starting to skyrocket as of the moment, reaching the $7000 mark. Second, it is true that due to bitcoins decentralized nature, no one can actually predict the final outcome of bitcoin especially when we are talking about the future. It is very hard to predict also its price, given its high volatility and that is why people just invest, hoping that their risk will pay-off (like what you did!). You are one of the living example that profited from investing and let this be a lesson for all young investors to take the risk!

Price doesnt really prove anything, its still best to buy in regularly as it can be far longer to rise overall.  In 2017 however there is a trend up so you picked the right year but I would not assume it will always act positively in this time frame.  Tthe negative news narrative can sometimes be called the wall of worry, where news is negative vs a positive trend and people say this is more bullish.    The coin itself doesnt earn or return an investment, its closer to a commodity traded.

Holding is very easy I do not get why more people do not do it and while you may think that will be enough for a person to learn their lesson I have seen people develop feelings of hate, I remember a friend of mine invested in bitcoin before it crashed and he lost a lot of money and to this day he claims bitcoin is a scam even if we know that is not the case.

Your post was written like two days ago, and bitcoin was at $6400?  I must have missed that.
Like daylight savings for the bitcoin market or something.  We're at $7400, brother, and we've been
above $7000 for a few days now.

And yes, OP here was worried that he overpaid for his bitcoin at $4600...crazy where it is now.  He's
probably off on his yacht somewhere, living it up with the money he made.  Must be really nice, no?

Anyone here buying bitcoin at $7400?  What do you guys think about it now?  If I had some extra
money, I might try it.  As it is, I'm just trying to save what I earn from this campaign.  It's harder
than it looks. :(

The current BTC price has risen to 7,434. So if you buy at over 4000 then almost double property. I believe the BTC is strong again, it is great investment is beneficial. Congratulations to those who own BTC.

And congratulations, the worry has changed to more than 70% profits. I'm worse than you, buying at $5200. But, I am really happy to be patient and haven't sold 3btc that i bought at that time until now.

10k by the end of 2017...20k by the end of 2018 is what some Banksters are saying.. ;D

put more faith, it might decrease now but look on it maybe next year, you can guarantee earning thru long term engagement than watching it in just a few months, though since its Sept. post I bet the OP already experienced pump and realized it now.

Nothing to worry man, BTC is $7254.99 right now which means you are about to make your money double.