Bitcoin Forum

I bought 3 btc on credit for 19k about. What should I do? I am way underwater.

Hold. You don’t really have a choice.

Make sure you day job is secure, and in the future only invest what you can afford to lose.

You shouldnt have bought it on credit. I would personally hold it but I am not your financial advisor.

Hold on still. Just relax and avoid selling bexause it will just make its market value lower also, you will lose money from your investment. Just patiently wait. It is just that bitcoin at this moment is struggling with its volatility in the market but chances are high that its price will eventually increase.For now, just hold and wait.

That's the real thing about bitcoin, you don't know when to go up and when to go down, be wise on investing in bitcoin currency. :-\

Now you can retreat on the porch and proceed to lick your balls like an old dog while the top dogs are having a pool party with champagne and bitches across the street.

Unfortunately, people make poor financial decisions and they do not listen to good advice and then they want to complain when things fall apart. A lot of us are constantly telling people not to finance their bitcoin investment with dept. Crypto currency investment is a HIGH risk investment.

What is your monthly instalment on that credit?

If you did not buy bitcoins with credit, I would have suggested this strategy, https://bitcointalk.org/index.php?topic=2878321.msg29569366#msg29569366 but it is even more risky at this stage, because it might put you in deeper trouble if you financed this with debt.

The only thing to do now, if you cannot afford to pay the debt, is to sell say 1 of the coins and to pay the debt with that money. Then you must hope that the price might recover and that the remaining coin or coins will cover the losses.

Hold onto those bitcoins this crazy dip might tale longer to recover so hold. In the meantime you can buy more bitcoins (buy what you can afford to lose) to try to make up for your previous mistake.

19K is quite a big money and with that amount, I can surely buy a brand new car here in the Philippines. Well, I think the best thing you should do before diving in is for you to take some time to accumulate more knowledge about Bitcoin (https://bitcoin.org/en/), learn it by heart and understand how it works. Bitcoin's price is so volatile and investing in it is incredibly risky, so if you do invest, you should be ready and expect to lose it all.

Am glad you're not affected by this, https://news.bitcoin.com/british-credit-card-issuers-ban-customers-buying-cryptocurrencies/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications or maybe you're not from Britain or USA (major card companies there were also banning card holders from buying cryptos). Your problem now is how to pay your debt once you lose, so take the advice of @Kakmakr (https://bitcointalk.org/index.php?topic=2889212.msg29695601#msg29695601) it helps at least.

Just hold it and your investing are in good timing because market got crash now this is temporary it will go high soon but you need to wait for that invest also in eth and bnb you can earn in that also i use binance and mercatox as a exchanger because it's already trusted the price of eth and bnb are already drop by now so try to take risk in investing in this altcoins then just hold it and wait for the good timing to sell it.

Like everyone else said. Just hold out for now. You can't do anything about it atm. As much as it hurts you'll have to wait, luckily these bear markets are don't last forever. History shows that btc always fluctuates. It's going to be rough but you'll get through it :)

Just behold this idiot: OP says he is in deep shit, and the only advice this 16 years old top expert in economics with a fabulous 0.0005 BTC in his wallet can give is to buy more.

That's the spirit boys. That is precisely why BTC will crash. Because you see it as a quick get-rich scheme.

To buy bitcoin for the money taken on credit, it was obviously an ill-considered act. Now there is nothing left to do, how to keep your three bitcoins, because selling them at the current rate will bring big losses. However, it seems that bitcoin will recover for a long time, and interest on the loan will have to be paid now. Therefore, it seems that losses are inevitable. It's unfortunate.

So sad you're not in good track but don't loss your hope, bitcoin will recover soon and for sure you will get some profit from it. Since we are in bloody market,  it is much better if you have to hold it rather than of selling in cheap price. I know you're not the only one suffer just like this, in fact the whole community are in troubled that's why some members are just selling their coins in low price.

You're not the only one who had bought btc at that price. This is the most advise that before you invest think more just invest on what you can afford only. Then aside investing from bitcoin you have passive income that atleast you have earnings weekly or monthly. Hence, in this case you can hold because we dont know yet when btc price will be back at $19k or more.

I suggest you Hold on!

Although the price is now falling, you bought three BTC for $19,000.

The price is now $6,600, and your 3 BTC is not getting any less!

The price will return to $19,000! Maybe more!

If you sell now, you'll regret it!

Another top Nigerian expert.

Nice step, hold on first, watch out for a positive rise in the market and sell sensibly.

Just hold on to it. Or buy some more to average down. Especially if BTC drop into 5K range.
This is how BTC behave, I ride this up and down from ~200ish

Yeah selling now would not make much sense because it is already trading at a lower value and if you sell now so that huge loss you will have to incur could not be recovered and btc if start rising again atleast you can cover up some of your loses in coming time . So better to keep holding as you have done so far.

Well i think there is no other choice than to hold or else you will loss a huge amount .Maybe it is really a verry hard thing to do specially when you always see the price that slowly dropping down almost everyday it is really killing those who invest in the high price to see the present price fall.I think we must believe in bitcoin and it's capability to rise again to avoid stress.

a good choice. all you have to do now is just be patient and wait for the right time to take it off. Because this time is not the right time. in the hope that bitcoin returns to its best as it did last year.

nice work friends. you just need to enjoy your days with kindness, positive thinking while being patient. and hope the 3 btc you have will evolve into a dream come true.  ;)

Excuse Me OP, you said you did what?! On credit? I'm sorry OP, but that is a very ridiculous decision to make. In as much as Bitcoin is a good investment and a very potential future coin, one should NEVER borrow to invest in it. Well, I can only advise you to HODL your coins till we are out of the dip. But I wonder how you will pay for you loans because bitcoin may not be mooning in a month or two but it may be in many months to come.

You are right people never understand about the crypto currency investment they are just looking to make more money in short time so it has great risks too.Buying crypto with loans is the most stupidity ever because if the price of that coin crashes then you will be trapped and may end fatal.Now you just need to hold your coin now or you just sell one bitcoin and pay the interest amount and invest the remaining bitcoins into ICO then the price of bitcoin may recovered at the time of you receiving tokens but it also a huge risky thing.But I think it needs more time to recover from the current price fall than usual because now more countries are against bitcoin.

Buying at credit was a wrong choice. Selling at the current price is even worse. If you can find ways to pay your credits, then just hold on you bitcoins and try not to make another bad financial decisions.

Remember you are never under water until you sell.  You do not lose or win until you realize.  

When dealing with a depressed asset you have to ask yourself (emotions aside) and answer objectively to the question:

"Do I see value in this asset?"

If you see a value, then others most likely also see the value.  If this is true then relax because markets go up and down.  All the time.  When it is rapid it is volatility.  When it is slow it is a trend. There are often volatile up and down trends.  There are also sideways trends which are usually moments building for a bull run or bear fall. Signals can help determine that. Right now you are seeing a down trend referred to as a Bear Market volatile price action.

This happens and you can guess at the reasons but the reasons only matter partly.  The science matters the most.  

Where is your asset in its growth curve?  Why is it valuable?  Why did you buy in the first place?

Sometimes the answers are cases like yours where most probably you wanted to get in on the action and did not want to miss the bus.  That is fine but this is how you pay for it.  Before you do anything the first step should always be to do what? Your research.  The thing about buses is that there is always another one so if you miss this you wont miss the next one right?

Now is the time to do your research because you probably did not do it if you bought at the high.  

Just know this...There are market makers out there who rely on people like you to do what you did and then sell your hand the minute the market starts crashing, declining, or even when it gets really frothy.  Why? It is human nature to want to minimize damage.  You fear losing money.  You are then in fight mode and you make bad decisions.  

If you came to the Crypto Arena hoping to make quick money without any research or experience then you are the fish.  You are the prey.  Now you must learn how to not be prey.  You must learn trading signals.  You must join crypto groups.  You must watch markets and understand patterns and volume and P&D and how to avoid being the sucker.  

That is why I say now you must learn.  Now you do research and learn what you did wrong.  In the meantime, I suggest you get a pad and paper and start making play trades every day.  Learn to watch charts and understand how the market works and play with fake money on trades.  This will help you learn patterns.  This will help you be more comfortable with the market.  

Fear and Panic are the two main components to shaking weak hands loose.  You don't know why the market is declining right now but I can promise you this is where the money is made.  Crypto is not going away.  BTC is not dying.  It is just building pressure and whales are buying low from all the weak hands they shook.  Don't be a weak hand.  

I am very sure not only you are facing this problem because many newbies jump into investing last year when the media hype about bitcoin is so high without finding out how or what is cryptocurrency. at this point, it will be advisable to keep your bitcoin save and wait until you recover you're lost. that which i cant or anybody can tell when bitcoin will recover

Buying BTC with credit is really a geniues idea. Are you a student at Harvard?
You have to pay your credit with your day job and meanwhile try to avarege down your price. thats the only way.

noting you can do now but hold and accumulate a lot of patience. probably wait for months or years to recover what you loss. just don't buy again bitcoin or any altcoins using your credit card because cryptocurrency have ups and downs and we cannot predict what would happen next.

The same problem happened with me bitcoin i was looking for the profit but i come to know the loss of very high amount i want to do some of the other investment in altcoin like Ethereum to become the loss bearer for me. Ethereum is a very good source of income for me in the future because the Ethereum buying is at a high ratio i have bought at 19k and then now facing a big problem of this bitcoin currency.

Well, you may think as the worst case scenario, you lost that money, so forget about it for some while. Don't look at charts for some months. Then in 6 months you can check and maybe the idea of not selling in February might look as a good idea. This is not the first time this happens.

I am really sad to hear your situation,getting hold of bitcoin at $19k and that too with credit card is a really bad choice,no wonder the banks are taking strict actions for using credit card to get into crypto currency,the only thing you can do is to hold on to your coins and in the mean time settle your account with your monthly salary.

the question would be: Was you going to sell at 25k? or did you still keep it and just pay the credt by your day job? If yes, hold and dont look at the price right now. bitcoin is is matter of been patient for loooooooong times.

 I would advise you to go ahead and take out as much more credit as you can, buy more bitcoin, then default on all of your debt, give the banks the finger, and move to a third world country and wait for the next rally, at which point you can marry a local and buy a big piece of land in their name, and be sure to be nice to them and have a good relationship. :D

Selling it definitely is not worth it will not be profitable for you, as I think you better keep it at home and wait for the price increase

hold to the death ,and live your life ,do not com back 2 years later. when price recover ,it will go higher than $19000,it is just a matter of time.

this guy knows what he's talking about

Yes just hold for now because you'll get a huge loss if you sell now. I just hope for you you have money to refund your credit by the time, because you will have interests to pay while bitcoin is lower than your buying price.
That's why it's never advisable to buy on credit, especially when bitcoin is near its Ath.

This is a tricky situation and it's much more complex than "just holding it".

If you bought wtith your own money then that would have been my advice to you. Hold it for a while, wait for the consolidation to be over. Or at least hold until the rebound comes and then sell, never sell at the bottom.

But since you've bought BTC on credit, which is a big no for any investment in the first place, the consequences are much greater than losing all your money. You could be losing all your money + interest, potentially even ruining your credit score.

I would recommend waiting until price is at least in the $7-9k's again, which I think has a decent chance of happening. Sell your holdings then. Or even sell now if you're really anxious. Make up the rest of the borrowed money with your own savings, take the big L and learn the lesson.

It's not what I'm doing since I didn't buy my share of BTC on credit, but markets are volatile atm and I don't think that an investment on credit that has an unknown amount of time before it booms again is a good idea...

It was really a bad decision to buy bitcoin at 19k$. Although many experts predicted that the price would reach 25k$, none of them were right. You must have done too many researches and articles talking about the rise of the bitcoin price. So, I think I understand in what way you have made your decision.

What is done is done. Hold your bitcoin and be patient because patience will make you the winner in the end. Added to that, the bitcoin price will surely grow again as usual. It might take time, but what matters most is the result.

What do you need credit for? Ikea condo and a new honda civic you can be enslaved by?

Before you do such an investment, you need to do your own research and only invest money that you are willing to loose.
The only thing that you can do right now is hold and hope that price will go up again in the near future.

Enslaved by?  Your a stupid tool.  A place for shelter and transportation to a job are pretty important things.  Do you say stuff like that at your job?  To your friends?  To women?  Fucking idiot.

you must hold mate even the price is dumping at 6k just control your emotions and dont sell at the same time if you don't want to lose some of your profits. You must hold and fight this volatility 'cause for sure it will pump again after this blood waves.  

You can do nothing but HODL.

Be patient it may take a couple of years, but you will turn a profit in the end.

When market stabilises you can try to increase your bitcoin by playing with other RELIABLE crypto (LTC, eth, bcash, monero etc).

But always stay in Crypto until you are break even with the cash you payed.

Trust me I've been here since HODL did not exist.

What was your reasoning and plan before buying? Or you just expected it would go straight to 100k? It's dumb to sell now only a month later after 70% decline, it will probably rebound, if not sooner, then later. Wait for a year or two for another bubble, I doubt bitcoin will go away. It's speculative in nature, and people love speculation so they will come back once the dust settles.

i am sorry for you but you really take a huge bet! i can understand that this crash is causing you big troubles..

i do not want to be rude but i think that this will teach you a good and valuable lesson about future financial decisions..

repetita juvant: do not invest more then you can afford to lose!

"Your a stupid tool" I don't really need to say anything more.

Which I think might take some time. Bitcoin's price will not pump that easily back to it's ATH or even close to $19000. The only thing we can do is to wait for it to reach there, well you don't have any choice since you will be losing your investment if you sell it all now. This will be a good lesson for you and other people who wants to invest on digital currency.

be patient is the key to your success. investing does not always bring profit but also can be a loss but if you are patient all will be beautiful in his time

You are in deep trouble if you bought the bitcoins using money loaned from banks, the interest rates might be a huge burden to you since you can't possibly sell your bitcoins away at such a bad rate, I believe it would be better to hold all your bitcoins for now and wait for the price recovery if you are able to do it, but the price of bitcoin might take a very long time to recover back to the $19000 USD level.

You are screwed, it's hard to realized that the price of bitcoin is going down and you bought high then is all credit. I will advice to all who wants to make easy profit on bitcoin never do debt or loan your house because bitcoin is volatile. You may lose if your investment is debt. It's better to hold yet than selling it.

https://pp.userapi.com/c840225/v840225630/72ad8/8sebEQuP0dg.jpg
Honestly, it is to early to dig bitcoin. He is like Terminator, always coming back  :)
Bitcoin is a roller coaster and you need to hold your found till time will come and we will see 20k$ again. Calm down and HODL!

It is not only you, there are many who bought it around $18000. Till now spoken with many, they are holding them, no other options they have. And whoever is not willing to risk more are converting it into fiat. Simple solution for you as well, either HOLD or SELL according to your needs and wants.
Patience can turn to your favor but with huge higher risk.

It seems there is no other better option rather than holding. Especially if you got some tokens with high rates. This is time to calm down and think about the future plans of your portfolio.

My suggestion to you please hold the credit tokens as now the value of pre token is more than 0.50 USD in upcoming days surely it will reach around 2usd.

If he sells now - he is accepting a loss. Given that the price gone from 19 to 6 already there is no point to desperately save whats left.. I would say the best choice is to hold and hope for price recovery - it might still be a profitable investment even after one year.

Can you transfer the balance to another credit card where they'll let you pay it off in a year?
If so, I would do that and start making monthly payments. Rinse and repeat with new credit cards until the full balance is paid off.

If you think BTC will recover, continue to hold the BTC.
If you think BTC will fall more, sell it off and take the loss.
If you think BTC will fall more, but then recover; sell it off and buy back so you increase your BTC holdings.

The best choice for you is to wait and hold BTC until the price is up. The other variant is to find cool ICO and invest your Bitcoins into it.

awts! :( sad to say bro but I suggest you don't sell it! just hold until you have a profit, you bought bitcoin with the high amount so that's what happened, next time don't buy if the bitcoin is high, the basic rules is buy low sell high.

the fact that you bought with credit put you in a very bad position where you cannot afford to execute a good strategy.

When you bought you should have had a strategy that you would execute without emotion (do this with all investments). You should have know where your take profit and stop loss levels are. I have a clear upper target when I intend to sell and a stop loss of 0 (meaning I'm willing to see BTC go to 0).

Now I don't have a crystal ball to tell you my strategy is a winning one or not. It might not. The way I see it 4 things might happen:
1. BTC will bounce back up before the end of the year and continue to climb
2. BTC will level at a certain price (under 8-10k) and take years to climb back up - and this is what I find the most probable
3. BTC will do a drastic fall under 1k and slowly grow back up in the next 10 years
4. BTC will die off and be replaced by other currencies

Each has a probability chance, and a severity for you if it happens. Risk is calculated by a combination of probability and impact. Even if the risk for something is small (see #3, #4) the impact is huge for you. Nobody is going to know the probabilities unfortunately so in the end it will be about how big your balls are. To tell you the truth I'd be sh***ng bricks if I were you.

Personaly (I'm a risk averse person), I'd wait for a small bounce back (8-9k is reasonable for the average bull trap) and sell. You take a 50% loss which you will pay with hard work for many years to come and will have a lesson to teach your kids, BUT you will be able to sleep at night. If you can't take it like a man you will ruin your health otherwise.

Buying at a price of 19k $ for borrowed money is a very risky move. You can minimize losses by selling. But at the moment the most reasonable solution seems to hold until the price rises. However, it will take a long time to recover from these losses.

The best you can do is keep it for the meantime and hope by the end of the yesr that the price will be around 20k-25k usd. There is not much you can do at this point if you sell it now you will be losing immediately.

Don't feel sad about it, I believe many others have bought Bitcoin when it was pricing $19.000 too. I hope you have invested money you are afford to lose, what means you don't need to cashout it soon into fiat. You will have to wait Bitcoin rises on its own time, you didn't lose your money and you didn't have a loss, you can still make profit from it, but you need to be patient and keep holding. It can take weeks or months, but sooner or later we reach there again!

Just stick to what you have bought and if possible and you have much fund then buy again as much as you can, you are not yet losing something for as long as you are not yet withdrawing the funds, just think of it even if you will put your money in a bank account still you cannot earn that much money from interest in saving in their.
So, just think well it is not yet the end of crypto the game is just beginning.

Really sorry to read that op. I hope you have the time to wait a while. Maybe bitcoin recovers to the point you bought within the next year or so. In case you don't have that time, you could try to work with one of your three bitcoins. Maybe you are a talented trader. I see it this way: you already owe somebody more than you can pay back. If you can't pay back 30% more, how much worse does your situation get?
Small tip: never use borrowed money for crypto currencies.

The best thing is to buy over time and never in lump sums,  its too hard to be perfectly right on market timing and price and nobody can watch markets 24/7 of course.    So you are involved long term I think and as such you have the space now to look around for where best to place your bitcoin.

Some gambling firms will accept your bitcoin as a help towards their float and ongoing business, in this way you will be part of a business rather then purely speculating on the supply and demand for the currency by itself.

I think this would be the most positive way to continue and receive some yield on your asset, normally with a plain crypto token this is not the case.   You are flexible while holding just the BTC but any reasonable view now would be that 19k will take some time to recover, so you can commit to a longer holding such as within a company.   Invest in more then one place I think , do some research.

Now BTC's price is 8000$ - 8200$ so in my opinion you must hodl your BTC's because markets already came back to life and prices are green too. Other way you will buy altcoins with your bitcoins which more potensial coins and will get you more profit than bitcoin.

Are you not trolling? Can you show the TXID that you really have bought 3 bitcoin while it was $19,000. Since hashes can be seen on when you have bought it. But if that's for real, there's nothing you need to do but to wait for the price of bitcoin to reach back $19,000+. There's still a long way to see that so relax for now and go outside, take some fresh air or have some fun with your peers.

Not if he has it lying on an exchange which is very likely if new is new to crypto :-)

Are you experienced in trading? If you ever trade in stock exchanges or forex, you can try gaining profit with trading. If you are not experienced do not ever try now since you are already in debt.
The best mistake you had is buying bitcoin with credits. Do not ever do this again. You need to wait and hold bitcoin until it gets higher than 19k. This may take weeks, months or years maybe. You may have to pay credits with your wage. But I am sure bitcoin will reach and overpass 19k level at some time.

There is only one thing that you should probably do right now is that you HOLD your bitcoins for now and just try to forget that you ever bought them. Just don't see the price after few minutes or even after days. Just wait for the end of the year as that is the time you gonna say thanks to yourself for holding your bitcoins when the price would be way more than 19000$. Also, i know it is hard to wait when you know you are in huge loss but i think you don't have a choice here so you have hold and wait for the right time.

Hold if you can. The difficulty in your situation is that you bought on credit which I assume you mean you borrowed the money and have to pay interest.

If you’re paying high interest rate like over 15%, then you have no good choices. If you sell you lose more than half your money, if you hold you pay a ton of interest. You need to do he math on which is best if it takes a year to get back to $19,000.

If you are paying a low interest rate, the answer to me is easy. Just hold and you will make a profit eventually.

indeed, hold your coins!
Maybe converting 1 btc into a promising alt is also an option! But this time do a good research!!!

I have a few shitcoins, I threw something like 0.55 btc in 10 alts (more or less equally).
As I monitored them during the last crash, I saw that when the btc goes down, alts go down more.
At the bottom the total value of my alts was 0.47 Btc. Now it came back to 0.53.

Conclusion, it seems like a terrible idea to try to compensate a btc value loss with an alt investment.

According to my calculations based on the Gdax exchange, BTC dropped just over 70% from the high last December.  The good news is that yesterday may have been the low for 2018 and it should rebound fairly quickly IMO.

I haven't read the comments above, but just hodL and you should be OK. Look at the longer term, like a few years from now. BTC has had some massive selloffs over the years similar to the one we just experienced. The crypto market is one of the most volatile markets around.

You may want to look into and learn basic technical analysis before investing again.

If your interest on the loan is high. Maybe it's better to get rid of at least half your holding...
Problem is we might not see a nice pump at least until 2H of this year whereby you would have paid a lot on interest cost. If somehow bitcoin goes into a bear market, you might lose so much money.

It's important to risk management at this stage, not maximizing gain

You are saying something about risk management to someone who did invest more than he could afford to lose, and most importantly with borrowed money. Actually I think he is a troll because such people would never wait so much and would panic sell much earlier when the price started to go down, especially when you took a credit.

Maybe you are not going to like this but you have made the first mistake when you bought at 19000$. You probably expected the price to reach 25000$ or more but that didn't happen and you're in trouble. To make it simple you invested more money than you could afford to lose. And with money you actually didn't have. Huge misjudgement.
I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.

HODL. Hope you have strong hands. It's a long wait for you. And try to have a stable job for stable earning. I am nt recommending to totally depend on bitcoin. It's too risky.



Yeah and that is the risky part. Surely, there is no perfect time to buy but to wait for a cheaper one to lessen the risk. Market is too aggressive at present and there is not much we can do about it but to wait and discover more about it. It kills the bored a bit.

In the case of you, if you sell, it will probably lose at least 70% of the money spent. The most honest advice for you is to hold Bitcoin and wait until the end of 2018 because there are lots of predictions that the Bitcoin exchange rate will reach $ 50000 and by the end of the year. If so, you will have the opportunity x2 the amount invested.

As they say from the fall of the price no one is stuck, wait until the price does not recover to the level at which you bought

This is what over excitement brings. I can bet that he bought bitcoin without doing any research about it. If he had, definitely things would have been different for him. He would have known that bitcoin falls down during holidays and on big events, a pump can be seen.

Also he would know that after every decline, it recovers and when that happens, a new record is set.  Sooner or later, bitcoin is going to touch 30k dollars this year. A little faith and patience is all that is required.

Harsh reality, he doesn't have any other choice. Selling at any point under 19.000 will be a big loss and once when we see price recovered and over that point he will regret big time.
Don't buy at top, he is just a newbie but he should come here and read before investing money, big money 19k x 3 is 57.000$. He should be more smarter with that amount of money.
People who bought at 1.200$ first time when bitcoin dropped to 200$ waited 2 years, more or less he will need to wait that much.

He can even show a screenshot or what but anonymity in cryptocurrency will be ignored if someone will show on how much he had in cryptocurrencies so he can ignore my question.

I hope he has. There's still a long way for him to see his investment grow back on what it used to be. This is terrible for someone who has been an enthusiast to cryptocurrency and suddenly this has happened. Lack of knowledge and lack of people who will give him an advice can make him sell immediately.

That's probably the best suggestion so far in this thread. Those asking to hodl the coins till whenever, apparently didn't factor the repayment of the credit in their suggestions and it's obvious that cannot wait indefinitely without setting off more problems.

The height of OP's mistakes was in venturing into a business he wasn't well grounded in and the way forward is anything that doesn't add to the pressure already on him. So the best bet is, don't sell now, go get a day job to start servicing the debt and buying time, google is your friend on what and how to go about with averaging, best of luck!

One of my friend also bought at that point and he is strongly in support of the price rise and he is saying that it will be his future investment and he say that if he will keep that bitcoin for a longer time with himself then he will get a huge profit from that investment and he has a strong believe that the price will go rise more than that value.

Don't end up selling it low on fear. You have got the only choice to pick, just keep hold of it. The market has been gaining potential for a pushing, which could happen any time soon taking the price move in a gradual manner and reach the price higher than the price price at which you made the buying.

keep it till btc price reaches 40 or 50k then sell
but it will not happen soon

There's so many people buy on that rate and stuck some of them lose and some of them bag hold it but we can still have chances to retrieve it eventhough the dump came since as Bitcoins legacy concern I'm sure on middle nor end year of it Bitcoin will show dominance among all and its proven for so many times by it and provably we can see it pumping again in near future.

There are many peoples in cryptocurrecies market buy at high price and sell it at low price. These people lose their money and make the whales reach. They are not patient. They panic when the price falls and sell to not lose more money.

If you want to lose money sell now, but note that since you don't sell your coins, you still have the chance to make profit.

Keep it until the bitcoin price recover. You shouldn't buy at top, Trading Bitcoin requires to have a full attention on the price and the way it moves. Next time study carefully the chart . Now you have to wait few months (maybe years?)

Theres no reason for the price to rise if everyone just holds like that.   This guy has a good challenge, to find a use for bitcoin.   Overall if there is not utility within bitcoin then why should demand exceed supply in order to make the price rise further.     Im sure it can be done but plain speculation holding and nothing else I'm not bullish on as there is so many alternatives to hold and 'do nothing' with as value.   BTC is about very active economy imo

There is no better way than you have to keep until the price restores. Many people have the same opinion because you will lose a lot of money if you sell out now.

3 bitcoins at $19,000? Aww! You have no choice mate, stay away from your computer and don't check the price. Get back to it maybe after a month or two and see if the price reaches back $19,000 again. Don't sell until you haven't profited. This is why you invested to bitcoin because you want to earn for sometime but things happened to you oppositely.
True.

Just hold it. you don’t have any options instead of holding. Same thing happens with so many people I just want recommend those people don’t get panic due to this suddenly fall just hold it. Right now, this is very difficult time to face situation like this. Have patience and don’t think too much about it. Think positive and hold it for very long time to get back your whole investment.

BTC is in limbo 7900-8500.
I think it might retest 6000, but can go to 9000 before dropping.
Monday down, hit 6k and steady upwards.
So, be patient, and if you dont need the money right now,
you better not sell with a loss.

If you don't want a lost on your investment then you should wait and hold clearly all you need to do is trust the process of bitcoin and help support increase the demand for bitcoin. Instead of whining and complaining let us buy some bitcoin.

You don't have any choice, you already lose a lot so maybe it is better to just hold until bitcoin will recover more and hit another ATH's this year. Having a patience can make you profitable in a long run.

hodl till something happens positively.

At the moment the best move seems to be hold. The loss is already very large. The price is already beginning to grow. You need patience and time, and certainly the price will increase.

Apparently, he had no knowledge and still has no knowledge about risk management and that would be more like speaking to the air. How will even a sane person buy with credit when the market is really going pretty high and everyone is busy buying ?

He is either a dumb investor, extremely greedy or does not even have any common sense (sorry to say). If he is not a troll like you said, and he is for real, then I guess no one can help him and he must have learned his lessons by now which I hope he manages to escape.

There is no other way around. If you sell it you still lose, if you hold it, you have chances of either losing it totally if bitcoin price will not recover or benefitting 2 or 3x your capital if the speculations every one makes will indeed happen.

The number 1 rule is dont buy when the value is high and you didnt mind whatever the price is when you bought your coins so now you dont have any option but to hold and wait for the value to recover. At the moment the price is getting higher slowly and this is a good sign for us investors.

Yes but when you hold there is a chance you can get back your money in time especially if you are long term hodler.

You invest here and expect to make easy money? Bro you lend too much just to own bitcoin that means you study well on how this market works or else you will feel like that. Hold on it, no way to turn back don't make a decision right now cause you will surely broke. Be more patient and bitcoin will bounce back on time.

Nothing to it but to hold it. It will be back above 19k later this year. If you have some more casholies on you, might be a good time to cost average your way down a little bit, that way you can start making profit even before it hits 19k again.

So you bought at $19k, then you are a loser, so go get a dunce hat, put a big "L" on it, and walk around in it. Proudly.

You and me at the same situation that we have bought at a high price and now the market is tough so the holding strategy is good and those who have some knowledge of the market then the prices were good to buy at that time it is a wise decision for us to hold now because the selling will cause us a huge loss and we will not bear that loss for me it is very painful that i have holding a good reserve and the value is not good at current price.

Yeah, if you sell it right now, you have to bear a heavy loss as the price is still about 8500$, leaving no other choice for you other than holding it. However, I believe the price will soon uptrend and achieve new ATH this year. But for that, you have to keep faith in it and hold it for as long as you could...

That so much pain that you bought at 19K the price of bitcoin that you can not profit from now, if you sell it right now that's big losses to you there is one thing you can do just keep holding this is long journey for bitcoin to reach back again at $19k.

I think you have not analyzed the market before hand which proves out to be worst for you but now you should havr patience and faih because this dip is soon going to be recover and hype is near so hodl.But in future invest only you afford to loose in this volatile market.

Now you have to be patient and just hodl it! You will see that you your money will recovery in the second half of this year.

Well, Cryptocurrency investment is a HIGH risk investment.
you have not any choice without Hodl! Keep patine until the price of bitcoin is increasing.

dam never understand people who buy on top lol  ???  what they thinking ?

after it past 12000 it was already to scary to get in  so 19000, no need to be an expert to see that  the price was really to high to buy and hold


instead of waiting it will hit 20k again  you need to buy again now for 25% at lease    so you can sell at lower price if need

and i advice also to put your full amount of bitcoin on bitfinex and lend it , (but be aware that is not 100% safe, exchange can be hacked or they run away with exchange money you never know, but risk are smaller  i think in your case it s wroth to do it

Why it's completely your fault you should never ever make a investment from credit I'm happy coinbase doesn't allow users to buy bitcoin with credit card it is people like you who try to buy bitcoin without being able to afford. You are surely going underwater

Not alot of understanding there, 19000 or any price can be the top so far as we know.      The best advice is to buy in regularly not in one go, so its easy for some of us who have been involved for many years to say this.    Anyone new has to dive in to some extent, the fees encouraged that scale some.  I'd say generally buy on a one year time scale, I'd state the same for stocks or a stock fund buying into an index even.  So a buy every month over a year will get a more average price and will yield a better chance of a gain.

If the price is rising as you buy over that year, you'd gain less then just buying at the start but its also less risky.   Its a much better idea to spread over time like that for any asset, gold, commodities, stocks, bonds.   Pretty much anything, unless the BTC was actual required soon after but most people are speculating.    I'd like the market to spread with more actual business so people like this dont get isolated at one particular price, nobody should be putting down some new to the market as thats hardly going to encourage growth.

Its possible to stay in BTC but deposit some of it with a business concern.   It should be possible to receive interest, I would at least read on such possibilities.  3 BTC is alot of money, I wouldnt keep it all in one place

Heres the idea I'm referring to : https://www.investopedia.com/terms/d/dollarcostaveraging.asp

Right, and to even add to that, for someone who bought at the top, this should even be a good time to buy more at the dip for more profit in the long run because whether we like it or not, once the uptrend starts, bitcoin will go back testing the previous support turned resistance and probably break it as we hit the final one which is the present ATH before testing the new ones. The period in between all this is enough to recuperate and head on for the next run.

All the above, no one can really predict what the future holds, but if all ends up going fine and good, I really do not see how the interest can be that huge that he would not be able to pay up. Well, I am not a fan of using borrowed money to invest, most especially when there is a huge volatility risk, but would rather just use free money. So in that case, the decision is definitely in his hands.

Wow. He problem is see is that you bought in credit. Means you have. Specific time to pay for it and your btcs may not rise in time. I agree, you bought at all time high area and selling at current price is thr worst mistake you'll make. No choice but to suck it up and hold dude.

Now the value of bitcoin is just reduce some value.It's just a temporary change due to fluctuation.Don't get panic,by seeing the fluctuation.Once the value of bitcoin return back to old value you will get good profit.Just wait and hold a bitcoin for some more months,you will get profit for sure.

Just believe and never stop believing that bitcoin will come back again. You are not alone in that situation and best thing to do for now is HODL your bitcoin as much as you can. Better days are coming man and bitcoin is starting to recover now.

Yeah, the best thing can do is just to be patiently waiting for the price to rise again. It is either you sell it and lose totally of you just have to have but there's a possibility to earn profit in the future, it is up to you.  ;D
I guess you know what I mean.

If I were you, I would wait for the restoration of bitcoin prices and just keep it at home until that time

Just hodl your bitcoin i believe that this year bitcoin will rise at 30-50k$. Next time dont invest when the price is too high you will have to wait for about 8 to 10 months to earn. For the best time to invest when the price flactuate after it reaches its top value this year.

All i can say is calm yourself and stay compose. And don't panic because it will lead you to wrong decision. Hold your bitcoin because bitcoin is gaining its momentum again. Bitcoin is growing up again. If this oymp continue maybe it will hit 20k dollar again.

We don't know whether Bitcoin can still make it back to $20k, but with your current losses, I bet it would hurt a lot to sell now. Just forget about it and invest in something else to keep yourself busy.

Wow thats a big lose from your side. But bitcoin is slowly but surely rising again. Don't worry you will get back what you lose. Just hold your bitcoin and wait.

I think you are one of those who felt the FOMO in December but set your worries aside because I'm congratulating for not selling on this back-to-back crash because it's expected for a newbie to do that. Just hold it and maybe we lost the first quarter but the war is still not over.

I think bitcoin will grow a little this coming March-April. Investing with something else will also help you to concentrate to something than to think of your big loses with bitcoin because of its drop price. As I can observe, bitcoin can still go up and still has a potential to increase again.

Poor financial decision. You shouldnt have invested with credit in the first place. Crypto currencies has a high level risk, you need to be financialy ready and always remember "Invest what you can afford to lose". Looking at your investment setup, you already lose in the very beginning.
Now, the least you can do, is to hold it, it will gradually recover soon.

That would have been a perfect idea without the concerns and the worries for the repayment of the loan. To that effect, just hodling and believing Bitcoin would recover soon enough, obviously tends not much comfort for his frayed nerves. He simply needs other source of income to be able to hodl those 3 Bitcoins to profit again.

Patience is the key idea here and the recovery of the loss will take place eventually, I'm pretty sure about this.

Just wait patiently and see the result at the end.

Be sad now. Hodl. Wait. Hodl. Wait. Be glad then.

oh wow, I am almost sure BTC will eventually go back to 19k and even above, but there is no thing such a guarantee and the responsability on what to do next is only yours. Now you're underwater there's no point in panic IMO, you just secure your btc in cold storage and wait. good luck

you can hold very longterm
another solution you can trade in altcoin, or lending youre coin in poloniex or bitfinex

Lending is pretty much the normal way to gain a yield on a holding.     I have recently signed upto a site which gives 4% interest to holding bitcoin there.    I would not store all the bitcoin there but its a way to get something back from being in this position for longer then you might have expected.     Really this dilemma applies to us all, if crypto cannot be used then it falls into speculation too much which leads to too much of a sell off like we had.    A capital system that allows for business to lend and the employ the capital is far more likely to succeed and become stable,  I hope with lower fees now this can start to occur more.

PM if you want the 4% interest site link :)

Pls don't worry. Be positive. One day you will get your return. Need to be patient. Same thing happened to me in stock market but now I am in a profitable situation. You just think you kept it in a bank for a certain period. You can't touch this before the maturity.

yes i suggest that to  lend it on bitfinex , and he should had buy 25% more this day,

I understand how frustrating it can be to see the value of your money continuosly decline over the past few weeks. To redeem it's value back, I guess the best thing you can do is just wait, be patient, and hold. Bitcoin already has reached its resistance which is why sooner or later, it would rise. Selling won't do you any good and justice for your investment, so just hang in there. You will get back your money or even have it multiply in value soon enough.

If you are asking me then i would tell you to hold because if you sell that now, you are a loser. There is a big possibility that bitcoin price will pump to $25k this end of the year but we never know yet until we are there.

Or you have an option to invest in ICOs if you want. Try to look for promising projects out there and invest your btc. It is risky though but if you hit the jackpot then your coin will double or even 10x in return.

Don't give some unrealistic figure on him so that he will not rely on it for long time staking, but I will just convince him what you advice and i will give him some clear words that he could possibly earn by this year a good profit if he choose to hold his bitcoins for long time. But if he dumps it he will cry for doing it since bitcoins is rising unexpectedly.

do you really want that question to be answered?since i know that you have already a dedision in mind.and i know for sure you dont want to loss with that big amount.and look at all of the advices HOLD THAT BITCOIN until it rose up to $20k or more.you have waited for two months so theres no losing if you can wait for another two months again

Now what? HODL. This is what you really need to do. You should hodl until it reach 19k or so. You're completely in a mere mess if you do not hodl bro. 19k-8k that is equal to 11k. If you bought 1 bitcoin at that price, you're done. Completely done. So, just hodl.

You dude, just be patiently i guess.. i know i can feel that and there's nothing to do but try to keep holding if you really want to earn investment's profit in it. Or you can find the other ways while waiting for the price to moving up, i believe there are still many other ways such as trading in altcoin or tokens.
Btw i'm sure in the long term, bitcoin price will moving up back. Just trying to convince yourself, and do not feel hesitate or anything that's bothering your mind.
Try to keep doing the best!

Now you just need to wait when the price goes up and never again buy coins for credit money. Investing in crypto currency is too risky because of high volatility.

People who bought at 19k, they need to buy the Bitcoin more Bitcoin at this price in order to get the average price for selling. Already Bitcoin has given great opportunity to sell them at the low price in order to make money when the price of Bitcoin increases.

You only need to wait for the price increase because if you sell now you lose a lot, many bought at such a price and maybe lower, but in the end everyone is waiting for growth

Think twice, please do not panic, now we have seen the price back after yesterday we are stuck in the figure $ 8,878 now we have reached $ 9,300 This is a good start to welcome april. I suggest you keep it and never think about releasing it for now, if you want more profit in the future. that's my advice but still for all this Ball is in your court

Didn't you read the tons of threads telling you NOT to buy Bitcoin to invest on credit?

Indeed. You have invested at a high price and when the price goes down you decided to hold. Why double think to hold more especially now that bitcoin price is recovering. This is life and as a friendly advice from us, continue to hold until you recover what had been lost from you. No one knows when will bitcoin reach $20 000 and if it will surpass that price again but you see it is not good to sell what you have now. Keep your patience even if it feels really bad and hope for so much luck because you will need and certainly need it.

if he buy again now  he don't need to wait 20000 to sell

Newbie on the get rich in 5 minutes train, do you have any lubricant ?

Yikes!

I'd say double down! You've seen the Bitcoin price rebound from its low, Bitcoin isn't going anywhere. Buying at the top is tough but not impossible to recover from. Can you buy more? That would be the best way to bring down your average cost. Think of Bitcoin on sale right now.

Another option is buying Ripple, Ethereum, Litecoin, or another crypto currency.

---

Wow, what's the point of this? This kind of shit talk isn't welcome here. If you keep it up you'll be pushed out of this place. Don't be an asshole.

Buying 3 bitcoins with credit was your first and big mistake, if you do not have the money to invest then do not do it, what you did was irresponsible it is your life what we are talking about and second you bought when the price could not go up, I'm sorry for you but you dig your own grave.

When you say bought in credit... you mean bought via credit card or something else?  Because how do you buy almost 60k worth of btc with credit card because don't most credit card have limits?

I’m sorry but I wasn’t derogatory towards him. I’m being frank but maybe harsh but frank. I’d rather say that then advise him  to buy or sell.. I’d rather not give financial advice and put the guy in a worse situation; that would make me as asshole.

If you are confident and patient, hold is the choice. But if you impatient, my advice may be able to see the potential of altcoin which can recover your loss. because for hit $19k I think it needs time, and not going at the moment.

You should be able to buy more when bitcoin price going down, and it can help recover your losses. I think currently not too late, the price of bitcoin rose back.
 
 

Trading is a better suggestion but if he do not know much about trade then he do not have to trade as he will lose more if he will not know and will go to trade. Now he have to wait and this wait will not be a longer as from the current rise in the price it is expected that till the next week the price will be around $19k. He did not lose anything. He will get much more if he will support his investment for a more longer.

I would in your place be waiting for the price increase and keep it up to the price range that would suit you if you were going to sell it

The good choice to have for now with that alts you have, is to do long term goals so that $19k may able to reach a good potential. Hitting the potential price target for another few month is too thrilling and exciting, so we'll be able to benefit for that  when we sell at higher value. Possibly we can triple that investment or may hit at 4x or more when the demand increase eventually.

Bitcoin's market price is slowly coming back now and if you HODL and never shaken by FUDs spreading all around, then there is at least a possibility you can recover your losses soon. If you have a diverse portfolio and bought cryptos during the dip, then probably you have already recovered now.

I hope that you have not sold your BTC and still holding your BTC tight. If you have confidence in trading your can try trade with your bitcoin but if you are comfortable only by holding it then just hold and wait. From deep down bitcoin took only just 10-15 days to back to the sea level. Who knows another 10 or 15 days to the sky and then to the moon.

It looks like you are in troubled right now, taking much time to hold until reaching beyond that amount($19k). I hope you won't be fooled by others and do selling your coins in cheap price, but if you don't have it right now in your pocket it seems to be that you are losing a lot.
What happen today are somewhat to be a good realization and keeping our coins patiently will be rewarded.

I suggest that you dont use the term troubled pal.
Honestly it is fine. And it is perfectly fine!
You did just right when you bought coins. At least you now have an investment. All you got to do is to patiently wait and bring out yourself from panic.
Sooner the amount of bitcoin will be more than double of how much you bought it. Just patiently wait.

Wait and again wait until the rise in the price of the sale is not better not to think so how much you lose, it pleases that the price began to rise and exceeded a little for 10k

Although there's recently been some controversy surrounding it you could always try using Tether if there was a great deal of volatility forecast and you wanted to ensure the value of your investment wasn't affected too much

In this case, you will have to wait a very long time until the price recovers and again reaches that mark. Never invest credit money because bitcoin is too volatile.   

You just need to be patient and keep your bitcoin. than to sell it now, and you will lose. better to be patient. because bitcoin will return to $19K, I'm sure in this year bitcoin prices will continue to rise and exceed the highest price...

Where's OP? Is he still hodling? Possible panic sellers should see some sunlight now.

all you can do is wait until the price returns to the price you are buying if you sell it at this price you can be sure you will experience a lot of losses. eagerly waiting for the price to return to $ 19k and pray hopefully reach at $ 50k price later this year.

well from your case you can already concluded you are stuck at a high price and you are definitely very depressed and hope that bitcoin back to the price of $ 19k, just calm the price will definitely return to $ 19k you do just have to be calm and patient wait for the price back recover.

Actually,first I wanna say that you did a risky investment. The price of bitcoin was not stable at 19k Bro.Was it?No.The price of bitcoin was 19k for a short time.You should wait for a while and wait for the price to decrease.By the way,what happened, has happened. Now I don't think you need to worry at all.The price of bitcoin has started rising again.It is recovering it's price.Now the price of it has reached to 10k.I hope the price will continue rising.Because I think the pullback of bitcoin is over.So,you have to patientyhold those 3bitcoins.May be it will take time.But,you don't have a choice indeed.

Best of luck.

I am confident that there will come a time in the future that people will regret not buying bitcoins even at the price of 19k. What I'm saying is that 19k will be considered cheap in the future. It will indeed take some time and it needs too much patience.

That is usually the first mistake a whole lot of people normally make which any smart investor will never make, even if a smart investor wants to buy at the top, they only use very little percentage of their free money in case the market keeps moving up the more. Originally, they would wait for good dips like the one we have right now and load in, let alone someone who decided to go the credit way. Like you said, better to just hold and be hopeful as that is the only choice he has now.

Other than holding and waiting, if I were into such a situation then definitely I will try to reduce the buying price levels by averaging methods like buying at lower than original buying.

This is going to be one of the best options should the trader do because when we buy at the high price we have to wait until the price of coin decreases because in order to buy more so that you can average your income when you sell them in the market.

thats a lesson to learn that never put funds that you cant affort to lose,now all you need to do is wait and just pay the interest on credit card becaue for sure the price will rise again before third quarter..this is the only way that you cam do now.

Right this is the best thing,we must realize the faults when we are in stuck like this.but for sure he can make over the loss but not as soon,time will tell

That's why you don't buy crypto with money you can't afford to lose, and much less using credit.

Hold and wait. Put all your BTC on offline wallets and forget about them for a year. Maybe you end up with 50% of ROI, but maybe with nothing  :P

This happens when someone invests when he does not have any knowledge about the markets, while I have a strong believe in bitcoin I was not going to buy bitcoin at 19k, he was basically asking for the whales to take his money away from him at that point and while bitcoin will eventually recover and go even higher I do not know if a person that is able to make such a huge mistake should remain in the market.

He'll lose everything buying at the top and selling at the bottom, don't worry!

I think this is happening because we are very optimistic about bitcoin values even for short term, which in the end are all out of our control. It's better to keep holding than we lose nearly 50% if we sell it now.

But most people that invest in bitcoin for the first time do not have any knowledge about investing and have never read a book about it, that is the problem they think they can get rich quickly and think they need to invest right away when we know very well that is the fastest way to lose your money.

Nothing, just hold, and believe in the rapid growth of bitcoin. The main thing is not to panic!

Since he has bought at such big amount so if I were him just continue to buy now at the price ranges to $10l-$11k before it will rise again so that the lost he has suffered in a couple of months will eventually compensate when the price will go beyond $11k, take risk again.

The answer is to buy more and do not sell. If you are in for the quick buck then bad news, if long term, still got hope by cost averaging. buy more at the current levels to lower your average cost. Sell when it is above or break even.

wait until the price has risen to the point that will suit you financially, and so gain patience and keep it in your

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,
buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.

You are right, because if he would sell what he bought at $19k then he just like commit suicide, so just wait for the right time to sell again, and if possible you can still buy now that the price is still low so that would balance your losses and can still gain when you really want to and if you are still interested right.

those who bought at 19k they need to be patient because bitcoin prices will not stay like this forever they will increase but will take some time to run on the right track and i think those high price investor must not check prices daily.

I don't think he is in a position to buy more because his already purchased bitcoins have come from a credited amount. This is a blunder that people do usually, knowing that the bitcoin price is too uncertain and still they buy with the borrowed money. It is just an economic suicide and nothing else.
People usually miss an extremely important element which is risk mitigation while jumping into business. It would have been much better to distribute your investment into few potential cryptocurrencies instead of following only a single Bitcoin investment. During this should time since Bitcoin faced the dip we saw some great rallies made by the alts. Even now you have the chance to not only wait for the bitcoin price to recover but to invest in the potential alts, this is how your chances to drift out of a financial crash can be reduced a lot.

Never mix credit with crypto, its bad news.   The risk you take entering this space is substantial as is always the case with cutting edge industry hence the name !   There is nothing wrong with crypto per say or taking an interest but have a care about risk management.

You are all the way at the opposite end of the spectrum to gold.     One end is a solid inert metal that barely changes over thousands of years and keeps its price, this end with crypto super highly volatile and exchanged constantly around the world.  The product itself is  morphing and adapting to meet world commerce needs and capture part of the currency exchange market and facilitate world commerce.   Gold is safe and boring but also can be gained (vs FIAT) with time over say a decade.   You might flip a profit on crypto over night or dare I say it, maybe lose it all especially on alt coins which can be trash or amazing growth.  

Do not leverage an already opaque hard to judge situation, its really bad news.   This is gambling, if you borrow to gamble then I guess my words fall on deaf ears.  In that case good luck and dont let you nerve fail you :o

If one bought it from the highes price, he will have to wait for another bull market. There is no other option for him honestly if you ask me.

What the hell?
OP said he invested $57K, no, he said he took a credit and bough bitcoins, he has lost half of money(if he sells) or $28K and you suggested him to buy more bitcoins?
No, he should only hold and not buy more because he has invested more than he can afford to lose.

Depending on the duration you got that 3 btc

I think you could actually make a good return form participating in good ICOs especially those that have a bonus attached

and when token hits the exchange you can then make 2X or 3X short term profit then payback this credit/loan..

Oh no! You are in a win or lose situation. But your chance to win is now depends only if bitcoin will surpass the 19k price since you bought it at that price. But this will only happen if you can manage to hold your bitcoin for the long time. Without the combination of this two thing you will surely gain nothing.
You have another option while waiting for bitcoin to recover, try to invest a small amount in other cryptocurrency or in the ICO but study it first before joining for security reason.

I am one of those who were able to buy at 19k, but then i was able to acquire also during below 9k inorder to balance my loses, because this is how i look at it, when i got lose i will try my best to buy more to replenish at least the loses, because i trust more that after the big dip, there will always be a bounce back of climbing high more than the percentage of dipping happened.

That's also a good decision when at dips buy some to cover your loses. Market will tends to grow just like now price is slowly stable and hopefully will continue to bounce back into higher prices. But never came into panic selling because you will experience of losing your btc.

That is right, at OP don't let yourself lose all of what you have right now have more patience because that is you need to have right now, just think of your children what traits/characteristics you have to show your kids so that they can also adapt it in real life think many times before making any decisions.

Don’t loose hope bro bitcoin will be back on track, don’t let your emotion control you because you might hit that sell button and you will regret it for the rest of your life. Stop checking your bitcoin so that you will not get tempted.

You just bought bitcoin in the wrong timing, but don't you worry because you have not lost money yet as long you did not sell it. If you want that bitcoin of yours to profit, hodl it until it recovers. You can also invest it in ICOs if you want but not in only one ICO, try to apread to at least 5 ICOs.

I think you do not have too many options other than hodl. In fact I do not think it takes too long for you to recover your investment, because it is enough to remember that those who bought bitcoin above $1000 in 2013, had to wait three years to recover their investment, so you have to be quite patient in this business if you like to buy during the pumps.

Yes holding thats the least option that we can do than selling it. Absolutely right, patient is important when we trade and investing in cryptocurrency. If selling when you bought $19k and now the price is lower than that so it is still depends on your money management to lose or not your funds.

Whether he bought or not at the wrong timing that's the real risk taking. In investments, there's no sure thing on it and he took of it at the right time. Take it as a positive one although its hard to see for the meanwhile that your investment went down. As long as you got those bitcoins and you never spent it somewhere, there's still a chance that 3 btc will be more than $19,000 in the future.

More than 30% people have bought bitcoin between $15k and $19k, you are not only a person being awaited to reach actual price level. You would not actually lose money unless you make a mistake by seling  the bitcoin amount, the unit of bitcoin you had at the time you bought is still same, so you should wait for price up and not to sell

If you are a long term trader maybe it can hold for a few months later and looking progress for the future prices.
But if you want to sell try to looking the best price and invest again with good plan to recover your loss.

You don't have any other choice but to either hold it for long term so you can make profits out of the amount you bought it in or you can sell them but you would be on loss and buy back again now that bitcoin is around $10k-$11k. Either way, you still have to wait until you make profits out of the amount you bought bitcoin in.

this is a hacked account - this has been my account for 4 years but was hacked in Oct and now this hacker is using it

As long as you don't sell you haven't realized any losses!
It's just that your investment portfolio is worth less.
As people often mention unrealized profits, with losses it is not different.
And buyinf more on the dips is smart when you have some spare money left.
I'm pretty sure if you have strong hands and hold for a while your 19k entry will make you a nice profit.

This is disgusting.
Apart from above quote, there's alot of good advice from people regarding just patiently waiting for price to grow as mkt grows and btc gains more usefulness and adoption. Wait years and btc may go alot higher than 19k.

if you are stuck at a very expensive price and the current price drops very much you should hold the bitcoin you have because if you sell it you will surely get a lot of losses.

You have no choice but to hold. If you purchased with cash, it would be a different story. Luckily, Bitcoin will hit $19K before it hits $0. You don't actually "lose" until you cash out, anyways. Good luck!

If you bought bitcoin at 19k dolllars and the price as of now is 11,000 dollars plus so you lose 24 k dollars.  The better you gonna do right now is wait or to be patience and wait the price to increase again before you sell it. I believe it will increase again at 20k dollars and for sure if that happen your capital will back.  Just be patience and fot sure you will back again your capital.  But it's your choice what you gonna do.

do nothing,just let the bitcoin in your wallet and wait until it recovers that will happening very soon,because the sign is there reaching $12,000 from $6,500 .it will take a couple of weeks and your credit might be paid.

Ha..ha .. Be patient aunt, only just wait in front of the house if not be able to wait 'swing your hand'.
You must be optimistic. Believe me, bitcoin has gone towards you carrying $ 19k and it's already started from today. After a long slump finally bitcoin showed positive signs with the latest price it's $ 11.313.

Absolutely you are losing mate,  it's price today continuously at half since you buy it.  There is only 2 options for you,  sell it and buy other coins or keep on holding until price will be back again..

Why buy other coins and risk even more?

It is ok, just don't sell it so that you won't lost any money. If you don't want to invest to any ICOs, then better hold it because there is speculation that at the end of the year, bitcoin will hit all time high of $25K according to Wall Street veteran.

Wait for the growth of prices and keep it at home until this moment, I think it is not profitable for you to sell it now

I may not thinking that he/she can manage to hold it such a long time of waiting without knowing when it comes. Sadly is just a big loss for you at this time but much better if you just start investing altcoins to cover up some loses while holding your tokens inside .

Just HODL and forget about it for a year and you'll lose nothing and getting double at least back.

If you buy when the price was high, and then you buy when the price is low you can lower the average price of your investment, this is important because it allows you to be in profit faster but that is something that you should do only when you are sure of the coin in which you are investing.

You lose your 50 percent of your money,  the only you must to do right now is to hold your bitcoin because if you sell your bitcoin you lose your money.  So just hold it so you can make more profit and your money back.  You can buy bitcoin now because the price is $9000 and you will earn alot of profit. I think you need support before you buy again better to have extra money incase of the emergency.

I don't know if i will going to elaborate more or stick to it. I am going to give an advice and if you wanted you can ask again.

What you can do is to hold your bitcoins until it goes back since it was almost half but this takes a lot of weeks to months to recover.
Another is to buy and hold some of the dippest altcoins that has a been proven its fundamental or a little bit risk to the newly tokens that is about to explode.

A good tip for you is holding the bitcoin in your room until the price rises, I do not think that currently it will be profitable for you to sell it

Hold and wait. This is the very best thing that you can do. Nothing else. Don't listen or watch news that has something to do with bitcoin or any cryptocurrency. Do set a time frame for your investment then forget all about it for now. If i may, setting your time frame with a goal in mind is a very conducive thing to do.

Up to now,your holding bitcoin value is low.But it's not a permanent one,just hold your bitcoin.I am sure bitcoin will raise greater than 30,000 by this year.If you hold till this year end,you will get huge amount of dollars for this holding.In bitcoin trading,holding make you to free from loss.

You are giving good advise but at the same time we cannot forget that he bought those bitcoins on credit, if he used a credit card then this means that the interest rates are going to be very high and since he bought those coins on credit to begin with I really doubt that he can pay the debt so he is in a deep hole that is going to be very difficult to get out.

Since, you bought at pumped price, go long on your holdings. Forget your bitcoin at least till Q4 of 2018. Price will go uptrend by the end of this year easily. If you are interested in trading or investing more, get in the coins after G20 summit and forget your older investment as for now. Right now buy more to average out your $19k buy range.

It's not low. 9000 USD is nothing to laugh at! His value is lower than at the time of buying, but it's still high.


My answer is of: HODL :D

No joke, if you bought for 20k and haven't sold until now then you have:
1. Balls of steel
2. Suicidal tendencies
3. A total lack of investment skills

But since you're so deep in it you might as well wait for a couple months and see how it goes. You're already screwed and BTC is on the rise, so it's not a tough choice.

Hold you btc is the right thing you need to do now and visit the coinmarket every other week because the prices are recovering but keep on attempting to get higher to $11k-$12k from $6.7k dropped early this year but still pushing its upward movement but more on downwards so take your time to wait for the best price to come. I was really pressure lately because I started investing btc at $10k. So I never bother watching the market unless I can read or hear here some good news price hike in the crypto market.

I'm surprised so many people here just advise OP to hold.
OP, do you realise there is a chance btc might not rise to 15K in the next year?
You're incurring interest rate every single day on your credit card purchase.

if I were you, I would keep it in my place and not give in to panic so as not to accidentally sell it, you need a little patience to wait for the price increase

Selling will only hurt you too big, I want to ask you, are you sure about the future of bitcoin? if you're sure the only option is to holding you bitcoin, holding it will keep you away from losing, I myself also believe the price will definitely return to that position even much higher, You just need to be patient, yeah adding coins / assets means increasing risk

One of the things that makes it better is to cut your loss sell it at $10k above and buy some altcoins that you know will have a long term future and will gonna get you earn back or more than the money you've lost in buying bitcoins at $19k. Because if you will wait for that price again it will be within months from now again.

We need to be patiece here in bitcoin world because we know we need step by step so the price increase again. Other people panic selling so that's why they lose some opportunity to earn more profit.
You need to wait the priceo reach again 19k dollars and more . Don't panic selling so you will not lose. Just keep holding and keep buying bitcoin.

Pay off the debit you are in now.
Is my best guess at this point.
It is at almost nearly half at what it was worth then.

If I were you, I should have bought in cash. I'll buy only what my money can afford and won't force myself to buy 1whole btc but in credit. You don't have any choice right now but to hold and wait for the price to go up. Too bad, it seems you're going to wait a little longer, like months or worst, years.

Now, you're fucked.

That's serious dude, first off... borrowing to invest in crypto is such a bad idea because of the speculative and extreme volatile states. However, not all hope should be lost just yet, if you know how to trade you can recover the difference in a short time, but it's gonna take extra efforts and sleepless nights. If you are in luck you would have made good returns if BTC climbs higher -  say maybe $20k USD in the coming weeks - but even that possibility is slim.

The very best and subtle way to deal it for now is to just hodl your cryptos until such time bitcoin can recover too. Expectations for bitcoin's price this year may not be the same as the price you bought it but it will be close to it, at least.

Let's be patient and wait, I know bitcoin for more than a year and start actively buying when I work and can set aside about 100-300 dollars per month to buy, the highest price I bought was December around $ 17300, but I do not regret even though the current price this is drop.

I think the only resort you can do it to wait until the bounce back of bitcoin price for your 3 BTC. While waiting and it seems we are at the bearish market, you can buy another batch of bitcoin at the lower price. Take a chance to buy at $6k that was the lowest I think during the dip and buy at least 2BTC if you have money and then play around with that 2BTC sell that when the price reach at $10K to $12K and don't buy until the next dip. In that way, you can cut your losses from your previous purchase. Hope it helps.

It feels bad that their were so many investors who had bought in 15k+ range and then suddenly their market crashed badly and still yet to recover that loss. I am still looking for 10k+ as the first target so that it will bring some respite by reaching 5 digit mark.

I think you just not need to panic. You just have to be patient and wait for some months. There's still a long way for you to see your investment grow back on what it used to be. This is terrible for someone who has been an enthusiast to cryptocurrency and suddenly this has happened. I think it is pretty common for any one who had just started few month back but i think in this crypto world patience is the key.

You are not the only one who have bought at that price but now all are deep underwater suffering losses but don't worry the prices will soon recover but you need to be patient.In Q3 the prices will bump this year so just stay calm and just HODL.

So sad,that hurts,considering the fact that bitcoin is currently at half that price.You certainly bought  the 'highs' and as such you cant sell now that the proice is at its 'lows'.I sympathise with you.I guess you just have to HODL for now.I having a good feeling the market will recover very soon,all the FUDs have reduced.Investr will flood back to bitcoins,the money is there,Just Hodl and you will be ok eventually.You only lose time if you HODL and not cash.Bitcoin will certainly recover and surpass its former ATH.It is a wealth cycle

so you are stuck at an expensive price and I think if you are stuck in such an expensive price then you should hold the coin you have or play altcoin to multiply the assets you have while waiting for the price back up because if you sell when the price is cheap it will make you loss very much.

You bought at a high price (peak)!!

Bitcoin was falling to 6000---7000 in February ( It is true that the bottom is difficult to determine. But if you feel that the opportunity is good to buy. do not be late)
.....In another chance You must  hold those 3 btc .  and buy 9 bitcoin (if you had another $ 19,000 of course) To reduce losses or  make a profit

Maybe. Another bottom will be in 4000 $
You should avoid buying expensive and selling cheap. And avoid panic as wel

Its sad that you've done this thing in a wrong way, don't invest the money you don't have. The market may take more time before it gets back on that level again. Well, I advice to keep on buying bitcoin so your cost will be lessen, do the cost averaging and for sure in the right time your profit will be more higher. Its worth the wait don't worry, just be more patience this time.

Many of those that bought at the very top of the market did it for the fear of missing out so it is very unlikely they are going to have the patience to hold for that long which is a shame because I'm pretty sure that in a decade people will lament not buying bitcoin for 20000, can you imagine that? Buying at 20000 would seem cheap.

Waiting and the patience are the key factors of this process. There is no way around it, you should also watch market news in a daily manner.

So that you never miss important developments about bitcoin.

Waiting from this time to when the price will be $20000 again is quite uncertain and nobody scan truly say for sure if this would happen this year or next. But one thing for sure is bound to happen - BTC will survive.

Indeed, we cannot predict the real price later, tomorrow or after a year, but one thing is certain it will be back to that kind of amount we just don't know when it will occur, so if you don't want to get lose some of your money then just keep it and just wait for the right time or the comeback of the price.

Hi, What do think about Welltrado (www.wellttrado.io)? I saw Celcius network already raised 30M usd, do you think Welltrado could raise more?

why you should be dizzy, you simply buy altcoin to increase the number of your satoshi. very easy, with increasing satoshi you have then the potential losses will be generated more minimal. with a note you managed to buy altcoin with a profit. vice versa, if you choose altcoin wrong then double the loss you get.

The sad part is that the whales will get bigger as the dip offers them more buying opportunities. This is one thing people who joined the investment train late don't understand.

Spend your 3 expensive BTC on a bet that pays 3-1 odds.  If you win then you got your money back and can cash out..  if you lose, then forget about it

You bought at a wrong time mate and not only you but many people bought at that price hoping that price will reach to $25k to $30k after that but that didn't happen and price started to fall back rapidly and now if you sell then you will be making huge loss on your investments so the only option left for you now is to hold your coins til it doesn't cross $19k once again and I think to see that price you need to wait till the end of the year.

There are so many people that bought Bitcoin when it value was so high with their own personal money and not borrowed money like yours. Although there is hope that an upward trend will start in the future but while waiting for the market to return to your entry point you must have learn a had lesson on crypto currency investment. Please only your money and what you can afford to lose.

In the first place, it is not advisable for you to take a loan for crypto currency investment as the market fluctuations is very high. What you need do is to wait patiently pending when its value appreciate before you sell for selling at the current market value of Bitcoin is sucider.

Need to be patient at this time, it is not a magic that comeback again to that price, it is normal in the market of bitcoin. For sure, ut will recover in the future and we can not know that time instead need to hold our coin to avoid losing. You choose investing and it is for long-term, and cryptocurrency is very risky, there's no way to earn easy money, it has hindraces. And be positive, if you have another source if income, then use the profit in your needs and hold the bitcoin.

I would like to tell to you that everything is going to be okay and that the price will recover very soon but I will be lying to you if I said that to you, the truth is the market is going to remain like this for a long time and you probably made the biggest mistake of your life by buying those bitcoins on credit at the top of the market, I hope that you recover but I find it very doubtful.

Look for a national suicide number!!!

Dont do anything stupid!!!

Get more loans to buy BTC - you are fucked anyway  ;D

By the way, you can make a very good step - invest your Bitcoins in some trusted ICO. Surely, before doing it, you should learn everything about the project.

You sound very good in your proposals, but you have to consider what a person invested in Bitcoin at $ 19,000. To date, He has solid losses and today he does not want anything else, How to store his coins and wait patiently.

are you kidding me ?
we are a traders not the gamblers,this is a foolish action to cover up the loss.
i do not recommend this for anybody.

---

the only solution for it is by finding a newly reborn project with a potential.
there're a lot of projects created everyday,even though the majority were shit.we could not deny it that some of them came up with a good and potential idea.
invest your money into it and holding it for a month.
i am pretty sure you can cover up your losses by finding a good one,because it could increase your position by 2 folds if you are lucky enough.
(bear it in your mind that most of them are scammers)

First of all buying at 19k$ was not a good  decision.It was a very high price and at that time Bitcoin was expected to fall by some margin or at least a correction was expected.You should have waited for that correction.Talking about the present,I will say that the only option left with you is Holding your BTC's.This is because the current price of Bitcoin is near about 9k$ which is very much lower than 19k$.So if you will sell your BTC's now then you will have to face a huge loss.So I will advice you to hold your BTC's because it has a potential to rise again to new heights.No doubt it will take some time but it is the only way in which you can save yourself from facing huge loses.

Go to the casino and play roulette and put $1000 on 1 number. If you win you can pay your debt!

gain patience and wait for price increases, you have no other choice, selling is not too profitable for you

If you will invest on other coins, the more you have losses because not only btc is experiencing that downtrend today but all crypto. I think its better to hold your coins and wait for the price to rise.

Since you bought 3 btc at 19k and you didnt sell anything, because all those idiots here told you to HODL, and it's now trading at $6800 you now have lost $36.600. That's a lot of money. Since you borrowed it, you need to make that back.

Ok, do this: sell your bitcoin, buy some sexy clothes and start selling your ass on the streetcorner. If you give intercourse experiences for $50 to gay people, you only need to bend over 732 times and then you've made all your money back. It's probably the fastest way: if you have sex with 4 gays per day, you will have your money back in just a half year!. You could also rob a bank but you might end up in prison or get shot. If you decide to go for the ass-selling route, then at least do use condoms though, you don't want to get any diseases. Good luck! Oh and don't forget to thank everybody here in this thread for their HODL advice, it's because of their advice that you now have to sell your ass on the streets.

if you buy bitcoin when the price is 19k and now the price of the bitcoin collapsed then all you can do is wait, wait for the price to go back up or if you do not want to wait then you can play altcoin to grow bitcoin you have.

It was both hard having time to play altcoins because it depending to the bitcoins price and so we can say that if he used to sell as of now what he bought at $19000 is very huge more than half of his money was loss. But thats trading we even didn't know when we are going to lose the best thing to do right now is to enjoy the day and don't watch the prices.

Back to:
Consider cutting your losses.

Playing the altcoins right now is a bad advice, if you're not an experienced trader.
The more Bitcoin continues to go down, the even more the altcoins will suffer!
My advice would to hold if the money he invested won't be needed.
These are tough times, especially if you bought the top. On the other hand if you go through this time you will be prepared for futures bear cycles. They are part of the market cycle and will always happen. So try to see the positive in those bad times.

The best you can do now to your btc is to hold it. Like all people say here always careful when you buying bitcoin always buy when it's dip don't buy when it's high price because it's more chances to lose a profit when bitcoin go down the price.

Yap. That is great strategy for now. At least you can minimize your potential losses. After btc fell continuously, i think you should sell some of your assets to cover the installment.

How is that a great strategy? The guy already lost almost $40.000 because everybody here told him to HODL. Now you're saying he should sell 1 btc so he at least gets $6800 back?

The guy didn’t specify anything else even though he was asked. Depending on his personal situation one option is better than another. To hold is the best option if you don’t need your bitcoins but if you need them, and specially if you are in debt, probably the best option is to cut losses and sell.

He was asked about the monthly payments and didn’t reply. I think unless they were very low the best option was to sell.

Anyway the best option is to avoid credit, and especially to buy high-risk assets like bitcoin.

I think many will advise you to keep bitcoin at home, it is not very profitable for you to sell it at current prices

I agree. You should never use credits for something that's as volatile as crypto. Though at this point, for me the time to cut losses has passed. You're waaaay under it now and the best option is to at east wait for a bounce back. You should've thought about it in the first place though. That's worse than losing your savings

Just hold it, if you can't wait for the right time you should sell it now because doing investment in cryptocurrency is like investing in a real state. It takes time to make for return of investment but as I experienced crypto's market up's and down it will be a short time to accumulate profits,  let say a year will do. But in the meantime you should hold it because it fluctuate every time and predicting its price is impossible so sit tight, wait patiently and sell at all time high.

Now is the time to HODL. This word may sound so overused but it's the least you can do. Just take a look at bitcoin's graph and see how it went down so hard so many times but still, it remains dominant and even reached 20,000$ last year.

That is right, I felt sorry that his money/investment cannot use at this moment because if he uses it then he will lose a big part of his money because the price now plays at $6500-$7500 but still I would suggest to continue to hold what you have because it will eventually rise again, hope that his trust is still their.

I will Advice you to hold it with confidence so that there will be regret in future. There is every tendencies that the price of bitcoin will raise again. And in case of next time don't invest what you can't afford to lose most especially when it comes to cryptocurrency.

The survival of bitcoin is not really up for debate, bitcoin is going to survive no matter what, but we have no way to know when we're going to see 20000 again but my question is does it really matter? If you're holder it doesn't matter when that happens, when that happens you will be ready and you will have a lot of bitcoin in order to take advantage of that price.

Holding is the most successful technique of the crypto market and people have made thousands of dollars simply by holding their coins for long times especially bitcoin. Those who do not hold for long time, they often miss the highest prices touched by bitcoin. Impatient people are never successful in this market. They need to stay calm for letting their coin follow the paths of bitcoin during pumps.

Very sad to say but its too late to do anything about your bad trade. I have also lost so much worth of money over time and I am just waiting with patience for markets to recover once more to make me ashamed of my decision.

Holding only seems to be simple - psychologically it is very difficult to do. meanwhile, you are not risking. You can take a risk and invest in ICO also.

hold it at home I think this advice will be best because you will not get any benefit if you sell it now

You are not really losing profit. The amount of Bitcoin that you've bought that time still remains the same. Profit will not be lost if you will avoid selling. Holding is really necessary right now and that is the best thing to do. You may also consider buying at this point since the price is currently low. Huge profit will then be earned once the market starts to rise and recover. Instead of panic selling, just be calm with things.

The current market is for buyers not for sellers. Not even those who bought bitcoin at 6,000 dollars are willing to sell it off at present because they know that the market will recover but it is going to take time. Though bitcoin is volatile but still it needs time to increase in value. Like we can say that it is sluggish kind of creeper and it is justified by the heavy market it is handing and the high prices of it.

It's suicide for people to sell their baghold coins since as we experience now we are in the crypto darkness where all sellers are in disappointment state but if people well escalate and try to convince theirselves to hold then they might gonna earn up what they loss for this current dump. But the volatility still good right now since we can eventhough do a little short trades with some alts aswell with bitcoins.

generally I like only short-term investment prospects, because at certain times I can make a profit. But if today you invest in Bitcoin, with the hope of its price growth, then you can get profit in a year or even more. Bitcoin is unstable and it is very difficult to predict the future.

well, it can be said that 19k's rhyme is really high for now. the only hope you have is to hold the coin you have. waiting for the best time to sell it can also minimize your loss. you can realize what you have with trading, but it's full of risks.

given the current cost of bitcoin and then for what you bought it better will keep it to cover the cost of its purchase

Yes that is right and you do not have any other option except to hold your bitcoin. Bitcoin price has already decreased so much that now it will never in your favour to sell your bitcoin, you should hold your bitcoin for some time and hopefully the price of bitcoin will recover very soon and will hopefully trading above 20000$ very soon. So i think that those people who have bought bitcoin in such a high price they should wait a little more and hope that they will very soon see the price trading above 19000$ very soon.

Yeah, for the price had declined to a such a low price leaving no other choice rather than holding it as selling now will only cause you to bear a heavy loss. In fact, till the price is downtrend, invest in it right now as it will provide you an additional benefit when the hikes up. And hopefully, the price will incline up quite soon...

Oh well I was searching for someone like you from a lot of time. You my friend are doomed too much. You now have just two ways out of all this havoc. One is to HODL you funds until eternity and wait for the time when the price of btc will again reach 19k so you could recover yyour money. While second way out is to trade your way out. Learning TA basics and trade in each and every curve of bitcoin so you could atleast double your money in sometime. Trust me doubling money isnt that difficult in trading cryptos. But you need to learn TA basics.

if you buy bitcoin when the price is $ 19k and now the price drops very bad to more than 50% then you should be able to do just wait and never to think sell in cheap price then if you do that is just the loss you get.

This is a very sad story but is entirely your fault you decided to invest in a very risky asset borrowing money and doing it when it was at its highest price ever, if that doesn't sound like a bad idea I do not know what it is, the only option that you seem to have at this point is to keep your coins since it is the only way you have to recover your money and to pay your debts.

on a personal example I will say that it will be better to keep the bitcoin at home is not very profitable for sale

Buy now to balance it when the price arise, buy with your extra money if ever to avoid loss on your holding. That's the sad part of this dump, many sees BTC only as a short term investment that we don't want to wait, better buy at this loss until your waiting to reach again at 19k.

it's sad that many bitcoin buyers make purchases above $ 18k and are currently stuck at a very expensive price, all you can do now is wait until the price goes back up because if you sell it at the current price then you will only get a lot of losses and not only that you say that you buy it using credit which means you have to pay for it and you also have to get the results at the same price do not until you suffer a lot of losses, stay calm and do not easily panic and do not ever sell your bitcoin at a very cheap price because really bitcoin prices could potentially increase prices.

Well the choice is to hold since price is very in down moment. Yes wait for the price to recover and could arise more than $20k. Mostly speculation price may starts to recover this june or july just like last year it is just speculation but patient is the key for us to earned profit.

if you buy bitcoin when the price is and now the condition of bitcoin prices drops so badly then there is nothing you can do except hold your assets in bitcoin and wait until the price goes back up.

buying again at this dip will not make him win his past looses but there is a chance that he can loose again and this loose will only stack up if ever btc will decrease again or wont increase for a long period of time. however theres also a possibility that he can win even earn more if btc prices do increase succesively. i would only suggest is to avoid buying at the moment if you still have a problem on your first investment because that can only cause a lot of depression.  much better if we can only foccus on our main holdings so that we can have a peace of mind.

The opposite advices but worth it to those who have invested a large amount when btc $19k must consider. We are just discussers, depending on the situation of himself that he will make a decision, hopefully it will be correct.

What kind of work today in the team do not sell coins? Coins that were bought. But nevertheless, with a loan. We must somehow solve the problem A, because the credit problem will increase even more. But ideally, in such problems it was not necessary to wither.

we must understand that all investments that were made earlier should remain for long-term storage. No movement with the coins that are on our wallets should not be carried out. Any movement is equivalent to even more loss.

The greatest problem is that he bought those three bitcoins on credit unless he's able to pay that credit with the money he's earning from his job then the interests will begin to accumulate and if he bought with a credit card that sometimes have interests as high as 50% per year then it is likely that even if the price of bitcoin went up he will not be able to repay his debt.

Inpatient people are rarely successful not only in this market but in anything, most good things that you can get out of life are things that you cannot get immediately, you need to wait for them, and there are people there are simply unable to do that, they always want to obtain everything right now and as such they lack the patience necessary to sacrifice immediate benefits to get even more benefits in the future.

Hold your Bitcoins, and you will not lose anything. There should be a jump of the cryptocurrency, and I am waiting for it. Just do not sell anything right now.

Of course, if he sells, he is gonna do it at a 40% of the entire price that he bought that bitcoin, so for me, it is a waste of time and energy. I do not know why there were a lot of people who were buying bitcoins when it was more than 19k.

If this is not fake this dude was extremely unlucky catching bitcoin at 19k as i remember it was at 19k only for few hours in one day.

It depends on the exchange he was on, it was more of a spike event as I remember.   Thats often the case in normal markets, hence the phrase dont be greedy leave some for the next guy.     Market depth is thin at the highest altitudes so yea I agree this is someone calling out the worst price and speculating what to do next.    Of course you can hold and hedge with a short for short periods you think a price will be negative.

Ultimately that is purpose of the futures markets, to add utility and security.  Like a form of insurance cover perhaps for large holdings so they dont have to be constantly liquated or even held in a hot wallet which can be a liability.

My argument that still stands is the bitcoin could be employed as capital in a gambling business, probably the most applicable usage and would return a yield not purely then just a bet on price.   Bitcoin is designed to be used, I never exactly agreed with hold and forget tbh

I disagree, that is not being unlucky that is investing without having an idea of what you're doing, if you read the OP you will see that not only he thought at 19000 dollars he also bought those bitcoins on credit, I'm not trying to be very harsh but those are the actions of someone that doesn't really know what he's getting into.

Similar experiences have already been experienced before when the bitcoin price rose to $1150 in December 2013, to fall below $200 a few months later. It took almost three and a half years for those who bought over $1,000 to recover their investment in February 2017!

Therefore, there is nothing left but to be patient. It is evident that this market is much bigger nowadays and has consolidated a significant rate of growth, so I do not think that you will have to wait three years to recover your investment. I am convinced that by the end of this year you could be enjoying even good profits.

No need to panic, just hold this month the market has shown a positive trend, many people predict that this year will be greater than the year 2017 because we start at a fairly high number than in 2017, hopefully this year bitcoin will be able to penetrate ATH on year 2017.

Two options:

1. If you are really financially struggling and you lack the necessary resources in order to pay for your monthly bills and obligations, then you may withdraw a partial of your bitcoins and exchange them to cash; AND
2. Just hold and pray since that is your only option. I go by the rule of never selling your bitcoins below the initial price you acquired them.

May this scenario serve as a learning lesson to check and study the market first before buying your first bitcoins as it may lead to unprecedented outcomes, which is like this one wherein you acquired bitcoin at its peak price.


If I were in his situation, I would panic but I'll stick with my principle of not selling my bitcoins from a price lowered from what I acquired them at the first place. The only option is to hold and to hope that there would be some world-wide provision of supporting bitcoins as it contributes to its price significantly.

Well, if actually bought bitcoin when its value was around $19,000 it means you have to wait for a long time before you go out of lose or enter profit, so patience and hold is the key at the moment.

I do not think he need to wait too long, if the bitcoin price goes up as in the last few days he will see it soon. It's just fun but anything can happen.

at present, only that can be expected. holding the bitcoin you have is the only best way, or you can trade if you're good at it, but of course it can be risky. the price of $ 19k is indeed a high price, but I think bitcoin will reach $ 20k price.

FOMO... that's one good answer to every adrenal-induced buying in crypto world, he must have thought the bull run will hit 30 or 50k before it began its correction, however, we all know that the most important event last year - Bitcoin Futures - would not permit bitcoin to soar that high, except it was in the interest of the whales who hold larger shares of the Bitcoin Economy.

It always goes up no matter what the price down, because bitcoin is made for us to make profits it depends on how we manage to get the profit and yet. People still not get it correctly some of them still not believed in it. The price of the bitcoin will be not that long to reach the maximum price again because there still people who want to make a big profit once the bitcoin price become low again.

if you do not want to wait then you can play altcoin to grow the bitcoin you have. if you buy bitcoin when it costs 19k and now the price of bitcoin collapsed then all you can do is wait, wait for the price to go back

All you have to do is you have to hold all the Bitcoins you have and do not sell them at low prices. You must be patient to wait for a really high Bitcoin price so you can earn huge profits.

I think the best solution will be to wait for the price increase, like now it has started to slowly go up, so we are getting patience

Yeah, right now you have no other option rather than holding it as by selling it now will only cause you to bear a heavy loss. To escape the losses you have to be patient as the price now had shown a moderate inclination and it is believed that it will soon be getting up to there back again and will surely provide you with a desired amount of profit...

FOMO that can lead him to such losses. Though I can't blame him for easily getting himself in crypto because it's actually a good deal nowadays but too bad he missed the bull run. Hope OP didn't think to kill his self for his losses and it's a lesson learned for him for being an impulsive buyer and being a FOMO.

Yeah, if you've been long into crypto, you should've had a hinch that a massive correction is going to ensue after that huge pump. Though things happen and there's pretty much no other choice at this point than to wait a long time to recover. It's too bad if you can't afford to wait that long

Just hold it. you don’t have any options instead of holding. Same thing happens with so many people I just want recommend those people don’t get panic due to this suddenly fall just hold it. Right now, this is very difficult time to face situation like this.

Whatever you do - don't sell now, that will be a total loss. If you need to pay interest and no other income to cover it - well, sell small chunks to pay your bank and hold the rest.

to cover the cost of such a purchase, you need to wait for the price increase to be higher than 19k

You really are way deep under water my friend and you cant do anything about this . You just need to wait , this is the only think to do at the moment . Why the hell did you bought bitcoin at 19k$ ? Bitcoin wa to expensive at that moment , you should realized that bitcoin will fall at some point and you will buy bitcoin at that moment , when bitcoin is not so expensive . If i had so much money i would invest in a small and cheap ico . you have more chances to earn more profit if you do that . The best time to invest in a coin is when that currency is being launched. Almost all of the currency at the beginning of the launch are going up , they are growing , and thats why i would invest in those coins . If you buy that coin before the currency will be launched you will have a lot of chances to make a lot of profit.

It's indeed a troublesome situation you are in right now.

Perhaps you should take this as a personal lesson to note that anything on credit will never be considered as an investment.

As others have said it, perhaps you have no options but to hold, unless you find the right chance to sell it break even.

Trading on it might be a good idea too but never eye too much profit as it might cause you double the fall.

Best of luck.

there is a possibility that the bitcoin price at the end of the year will be higher, but it is uncertain. you can invest, on various projects to recover your losses. or you can trade. but of course it all takes risks.

Investment in bitcoin needs courage to bear any kinds of situations and patience to hold your bitcoin for long time. Now you have to wait till the price reached again to that level, but keep in mind that it will take time and nobody can say anything about the future price of bitcoin. Now you have $10k deficit in your investment. Be cool and wait for some more time.

That's true, you still need to wait for more, but if you have an excess income you can also add some investment with bitcoin while bitcoin price is still low so that you will get back what you lose before and you can sell your bitcoin as early as you wanted.

Just wait for the right time would be the key, even if you will stack up your money in a bank there is no assurance too that you will earn from it, so you are still in the right hand, although we are still in half of the price last year it is still not the end of everything, so just hodl and don't lose hope.

all you need to do is wait for the increase in price of bitcoin for about 3 to 4 months and bitcoin price will be back to $19k+ per bitcoin, so you shouldn't worry about the deceased bitcoin price, it already always happen in a market that for every seller there is a buyer.

Stay confident and keep on being patient, bear market will be coming soon this year, you will have a big advantage this year. If you have seen the market skyrocket high and exceeded the previous high value, then immediately sell it and leave crypto, if you do not have the patience and strong confidence in crypto.

Well if you don't owe that credit back in the next 6 months I would say hodl onto the BTC. If you gotta pay it back relatively soon and can't wait then unfortunately you should liquidate and take this as a lesson never to buy an asset on credit. That is even more riskier than putting all your money in, which is something that is never advisable to do!

It depends on what kind of credit he took, maybe he got a good credit in which he only needs to pay a low amount of interest every year in which case he could hold for long enough for the price to go up and then sell for a profit, but if he used a credit card to pay for the coins then it is very likely that he is going to get very high interest rates and even with a huge growth in the price it is not possible to know if he will be able to pay his debt.

All you have to do now is you have to hold all the Bitcoins you have until the Bitcoin price goes up high again. Do not let you sell Bitcoin that you have at the cheap price. You must be extra patiently waiting for the price of Bitcoin to be at the top again. I am sure by the end of 2018 this Bitcoin price will be very high and you will benefit a lot.

I think holding it will be the best choice, you will be very loss if you sell it now, be patient and save yourself from loss.

I doubt if that amount can  reached again this year, but it will be reached again for sure the date only is undefined, it just really shows that buying at peak in any coins leads to a more long holding, but atleast in btc we are sure it will be reached again, unlike in other alts.

That's why it is a good thing to avoid buying when the price is at its all time high or at its peak. I wonder what's on those people's mind when they buy bitcoins even if the price was an ath but you're right eventually it will recover and op will have an opportunity to sell.

19 thousand is high price u brought Bitcoin now u need to wait to touch all-time high prices if u sell before then u will be in absolutely loss

Well in reality, it's really hard to fight emotions and greed because you'll never know when it is a good opportunity. We all say be logical but sometimes I also do make bad trades. It's a matter of experience I guess.

@ontopic, you've actually got no choice but to hold, unless you're ready to take on the losses.

Hope you are not in desperate need for that money.
To my opinion the only right thing you can do is wait. Everything else would lead to huge loss.
Maybe from current perspective it doesn't seem so but I'm convinced that Bitcoin price will reach 20000$  and more again, but it's the question of time. Maybe it will take a long time but it will happen.
In the meantime I hope you've learned something from that experience that will make you a better trader in the future.

That's why you don't buy crypto with money you can't afford to lose, and much less using credit. Hold and wait. Put all your BTC on offline wallets and forget about them for a year. Maybe you end up with 50% of ROI, but maybe with nothing.

Making stop-loss is not that logical at this tage for a person who bought his bitcoin at $19k price. He better hold it in long run so he will be able to recover that huge loss as the market goes up. This is not that hard, only bad side is that he can't use that funds in somewhere else. It will be like locked in bitcoin buy positions.

Nothing needs to be done. You're an investor now. Look once a year at your investment. You can buy a little more at a lower price.

I also buy a bit of bitcoin when the price is $ 19k, and if we sell for $ 9800 today we would have to cut loss, but I'm sure that the price soon goes past $ 19k and happens this year, I'm optimistic and always be patient to wait for it to happen .

First dont panic just wait. In time price will come to this 19k and will go over it then you can cash out or wait for something bigger from that point. Most important is patience just be that and everything will be fine and you dont need to worry.

In business and investment is certainly a common thing if the losers, if you buy at a price of $ 19k while the price today is only $ 9800 then hold is the thing we have to do, if we sell now then we will be losers and regret because the end of the year the price will reach $ 50k.

You do not need to be worried about that.

I know a lot of people who bought between $15k - $19k on the middle of December, it is like a nigthmare, but take in consideration that the price is always going to recover.

In fact, i think that we are gonna be on those numbers sooner than later.

I too bought at $16000, expecting the price to reach $20000 or even higher. But the price went low towards the value around $6500 in no time. With patience keeping hold to get back the value of the bitcoin at which I bought. I believe soon it happens, as the market is growing good.

There's really no need to worry if you bought at that price using your spare money and incase you need an emergency money you will not be able to use that money you use to buy. Bitcoins price will go back and grow more higher in time, patience is the key and our enemy here if our emotions were conquered by negativities it will break down and a result you may think of selling it.

being worried is normal because you don't want to losing your money especially bought 3 btc at $19k is pretty expensive price even we don't know how long bitcoin will reach to $19k again so you're face up difficult situations because if you sell all of your bitcoin then possibly you will lost almost half of your initial capital but if you dare then don't sell your bitcoin immediately because i'm pretty sure someday bitcoin will hit again to that price but the problem is a lot of patience is necessary to do so

Many users are worried about the development of bitcoin, the price continues to decline some time ago makes everyone must cut loss because they sell cheaply, I suggest to be patient waiting so we can get a better price and it can happen later this year .

Although i have bought bitcoin when its price was trading in 4000$ but still i am holding it, although the price reached to 20000$ but still i did not sell my bitcoin at that price because i was thinking that its price will hit 25000$. but i am still too much confident that bitcoin price will easily hit 25000$ very easily and that is the reason that still i am holding my bitcoins.

Right. And at the current state, if you bought in at 19k you're halfway to at least breaking even. That is after a 3 month bloody market. Just try to look into positive aspects of it. If you haven't sold yet then good for you. Give it a little more time

how is your status right now op? you could take back your losses during the last month of altcoin season. we did not reach 19k in bitcoin yet, however altcoins made us profit recently. you have to trade altcoins and increase your bitcoins, and then wait for new ath for bitcoin.everything will be fine.

I think you should wait for the rise in prices because now the sale is not relevant for you

problem is not that you bought bitcoin at 19K USD which was at peak . bcoz it will come back to this price in few months or 1 year .
but why you guys take loan/credit for buying bitcoins . it is completely wrong approach .

while buying any coin in FOMO we should assume it can be 0 tomorrow
while selling any coin in Panic we should assume it will be at peak tomorrow .

now altcoins season may be on hold bcoz if btc break 10k USD then people will sell alts again and buy btc .
so only way to increase bitcoin is manual trading with lot of experience . or just wait till Q4 .

the best advice is the one where you need to be patient and wait for the price increase until the moment where your expenses will be justified

I will update my reply for this post later.

The best thing to do is to hold, this has become a long term investment opportunity for whoever bought at that all-time high; however, if you are that desperate then you should try and sell and make the difference later on. However, I must assure you that there were people who had bitcoin when it was much lower that 1k and sold and are regretting it now, maybe even wishing it should come back to that low again.

Yes that investment will bring the fruits in the coming month as the price will overpass to that value and if now he have some more money then he have to buy some more at this lower price so that he will continue to get more profit with his trades. Do not worry about the price as it often happens in crypt but sooner the price recover and recover every lose which a trade face.

you only have 2 option
still hold long term or you can cut lost, another option  use margin trading or lending
you can margin trading in poloniex, bitfinex and bitmex

huobi.pro open margin trading too, but iam not understand play in there

You should wait mate it will raise once again trust in bitcoin and wait

To be honest, that's definitely frustrating :(. I can't also imagine myself in a situation where my losses is now slightly more than half of my input. I understand if their advices about hodling will not sink in your mind because of stress and confusion. But I'm sorry to say, you must do it because that's the best option to do. Just stay calm, be brave and wait for btc to skyrocket again.

Here's a tip, look at your savings in terms of btc not in terms of fiat to at least feel some relief.

If you have money now you should be buying all the way back up to $19k. That way your cost average goes down.

But in general the solution to you problem is to hold long term and sell in a couple or a few years when it hits 6 digits.