Bitcoin Forum

During the latter part of 2017,I advised a friend to invest inBTC.He adhered to it and bought some good amount..He then proceeded to buy more when it hit the range 18k-20k..He is now upset due to how market is reacting...Anybody here to give an expect advice?

Investments aren't a guarantee. If he can't handle the market swings, he should probably just cut his losses and get out. If he has a small amount of patience, however, he should eventually gain his capital back and then some.

i think  bitcoin will bounce back but no guarantee it will again 18-20k.
the problem is why your friend is upset is your wrong in advice maybe you didn't mention what risk investing in bitcoin.

The price of bitcoins will get back to $ 20000 USD,  in December 2017 the prices have reached up to $ 20000 but the price has come down to $7800 for market correction from the next quarter the price of bitcoins will start to rise and there are chance for the prices to have a huge leap and reach $ 20000 then there will a slight dip in the market followed by another leap and the bitcoin prices may rally upto $ 40000 to $ 50000 USD which will definitely make the investors millionaire's or even multi millionaires.

He did not make any mistake when he bought at 18-20k rates because bitcoin always seems to be very good thing when we look at it. And it does have the best qualities to be a good investment opportunity. However he is in great emotional distress now and why wouldn't anyone be when they have gone badly in the negative line in their investment. The time has come when they should keep patience though it is going to be hardest part ever. If they don't keep patience and sell then it's nothing but zero investment all the way from 20k. You can give moral support to him that as you are already in loss then there is no use of selling the bitcoin at such low point. They better make a choice and stay stable about it.

We know nothing about the prices and its future. We can just expect that it will bounce back. :-)

this one is right.in crypto investment PATIENCE IS THE KEY,that's why if you're just gor here to make easy profit.i might advice you better get out here and find job,this community can make you rich,but this can kill you're family too,if you are careless in making decision here..for his friend since hes in losing,better wait for months since today is really a hard day

bitcoin will still bounce back to 20k plus, the bull has been on the market for more than 3 month. this is the time for the bears to take over the market . the bulls still is by the corner ready to come to the market any moment from now. what you need right now is patient. every business/career needs patient

I believe bitcoin is overpriced and there is a small chance that it will bounce back to 20k.

I believe bitcoin will be recover and it will surpass our expectation because if base on what happen last year bitcoin value hit the 5 digit before the end of the year I hope bitcoin will repeat the history.

the price is very high when late last year and now it drops down in I think this is normal because seeing the previous years prices at the beginning of the year always go down, prices will be high in mid year and at the end of the year. For the price reaches 18-20k $ I think it is not impossible many people predict this year the price will be 2x from last year's high price. I pray that it can happen

There will be no sharp takeoff. News from Google (plans to ban the advertising of crypto-currency and ICO) The same is done by facebook, twitter.
Do you think it will grow?
Not

It is really hard to tell right now since currently, the market value of Bitcoin is continuously falling. Hopefully it will be able to recover soon. Predictions are hard to make especially now that the market is so volatile. But since the msrket value of Bitcoin is low, we should tke this opportunity to invest on it. Because once the rally or increase started, profit will be earned from investing at this moment.

Your friend needs to consider what the investment means to him and what his goal is. It's likely he won't see a profit in 2018, possibly never. On the other hand many (myself included) would argue that if he holds his coins then at some point in the future (maybe not for 5 years) he will have a handsome return on investment.

that's the reason why I never suggested anyone here to invest in cryptocurrency, especially bitcoin. it is true, bitcoin has created many benefits for many people, but must remain vigilant, because bitcoin from the past until now the price is not always up, there will be several times the correction or a sudden drop in prices. remember, no one knows when bitcoin prices will rise again, everything is just a prediction. maybe by surviving the next few months, the price will be normal again and give your friend a profit.

Your friend should understand that with NO INVESTMENT WHATSOEVER (be it fiat, stocks, futures, forex or Bitcoin) there is a guarantee for profit.

If there was, life would be too easy.

However, you can point to the fact that all major crypto experts are ready to bet that BTC will recover and even go beyond 20K.

you should never advise others to invest in bitcoin. it will never end well for either of you because thanks to bitcoin's volatility the price is quite wild and the people who invest in it to get rich don't understand a thing about bitcoin and they will blame you for not being rich overnight.

introducing bitcoin as a decentralized currency to others however is a very different matter. that is what you should always do. that way you won't make them into greedy wanna-be-rich-overnight idiots and they won't be blaming you for the price either.

to answer your title's question, the price may still surprise you. i don't think this year's bear market is going to last as long as previous bear markets.

Everyone will give you the same advice - To Hodl! When this friend of yours invested he should have been acquainted with the possible risk that is connected with the investment. The long-term profit that he is probably expecting is actually that.

This profit cannot be gained within a few months with the investment into the Bitcoin. I also hope for the growth but that won't is realized so soon.

Patience is what your friend must have if he doesn't want to get out with a loss. Reinvesting his Bitcoin in another altcoin would be the big mistake so if he is thinking about it talk to him and prove to him the opposite.

No and it's called "Gambling" but the game is becoming rigged with high transaction fees and the Lightning Network
that is really nothing more than a network of banks so I advise you to read the terms and conditions in the white paper
and concentrate on the areas where the word "Fee" is used https://lightning.network/lightning-network-paper.pdf

I count 45 times myself, what do you make it ?

personally, I think it will hit 2 again, but not this year because all the govnments and media have too much interest in cryptocurrency. I think it will rise again when public stop talking about it

I have been investing in small amounts periodically by time for a year back. Buying bitcoin step by step to decrease my cost, in average it seems it is ok but I sold all of them while it hit 12kusd. Buying small amounts would be the best thing that I have experienced to make a risk minimization. But still at that time my average of cost of buying was over 10kusd levels, I am not planning to buy from these levels, maybe if it decrease more then I might get some again. 

Yes i believe it will bounce back to 20k$ or more just like 2017. we just have to trust and continue supporting bitcoin.

we can not do anything but be patient and wait for the miracle that will come, of course, feel the same thing not only your friends alone certainly many who feel the same maybe even greater capital they spend. but I am sure and maybe also people others that Bitcoin will go back up and higher in value when the time has come.

I'm not sure it will reach 20k this year. But its development speed now goes down. Its value is decreasing. But I think it will soon overcome the difficulties and quickly restore the value.

it will sure get back, actually my brother invested and i also invested when it hit 18k-20k too, i got nervous too of course, we invested and that's all the money i got back then. but i realize that before 2016 when i invested on that time also 1 btc is equals to 614 USD. when you look at it if you invested on that time you sure will have a big value right now even it drops on 8000 USD so your are still on the right track. just hold your btc, and study every altcoins you want to invest :)

 in all analyst of bitcoin. we all said that bitcoin will dip on $5,000 and bounce back to reach $20,000 and rise up to $50,000. the prediction of all is being be generous and have a rights to pursue. weather its a prediction i think in my own. it is true and have a merry Christmas by end of the year.

I hope it will. But as for now, invest to Bitcoin. This is a good opportunity to invest since the market is on red and the value of Bitcoin is low. Since we all know that its price will soon recover, it is definitely obvious that profit will be earned once it starts to rise. So just be patient and wait until good thing comes for Bitcoin. Also, we should hold for now and avoid selling on not to contribute with the downfall in the market.

It is always good to buy when the market is red and sell when it is green. Because bitcoin appreciated towards the end of 2017 does not means the same thing will happen this year. Do not persuade any one to invest in bitcoin.

I hope the relationship between the two of you isn't gone sore now. Greed is a very bad thing and your friend became greedy. Bitcoin is surely going to break its ath price but when no one can guess. If bitcoin drops below $6k and stays there for some time than expect a bear phase and I don't think we are breaking ath this year.

Someone has to lose money for some to gain. Its been this way for most of the market even in forex. Those who invested when the price were more than $18K must have been thinking already as to why they got into bitcoin while those who bought at the price of less than $1K are just going to cash out and wait for its price to dip lower as possible before buying back again.

I think that Bitcoin is going to increase back to twenty thousand dollars in this year. There are many reasons why it might happen for example big adoption of SegWit which will help to lower the fees. Lightning Network will be perfect for microtransaction which will be used for most of the time. Give it a few weeks.

Bitcoin,and all cryptos, need some good news for price to increase. The end of 2017 was full of governments banning exchanges and dealing in cryptos. Once all the bad news is out of the way cryptos can return to normal but I do not expect same highs as achieved in 2017.

Good logic until the last bit about buying back in again but do you think they will all have forgotten about the
miners holding a knife to peoples throats two months ago and charging us $55 per transaction ?

Are you sure the Lightning Network is not just a system of mini-banks because apparently that's just what
many are starting to say https://www.youtube.com/watch?v=UYHFrf5ci_g so I read the Lightning white paper
https://lnmainnet.gaben.win/ and the term "Fee" is used 45 times by my count.

Do you think that the party could be over like happened in the Dot-CON bubble and that we could well indeed
see BTC back at $0.15 per coin

  

ITS tough to predict the future but expert says bitcoin will go 3x from here.

Good news then so I am sure you won't mind giving me a few links to when Jaxx or Exodus wallets will be up and
ready to go because I hear that this will take about a year to happen so maybe your talking about Coinbase adopting
the new network and have some links for me please ???????

Here is a map of the network today https://lnmainnet.gaben.win/ and I can see that "Alice" has like six hundred
friends already but Bob is no where to be seen but "Alice" is having a little trouble because its such a common name
and a little bird has told me that she's changing her name to "Nat-West Bank" but I am sure this must just be a rumor
passing around.

oh here are some more links that I would like to share with you
1. https://lightning.network/lightning-network-paper.pdf
2. https://www.youtube.com/watch?v=UYHFrf5ci_g

I will hang around for the links I asked for  8)
 

At this moment, it is hard to tell that Bitcoin will be having a market value of 20k at the end of this year. The market is now on red and is struggling for increase. It is now continuously falling. But since the market price is low, investing would be a good move.  Invest for now and just wait on what will happen for this year. One thing is for sure, dumps are not permanent.

It's probably the worst time to speculate if BTC will cross its ATH, right now it's in one of the worst bear market. From previous situations we have learnt that a bull run is imminent soon, but will it breach ATH of $19.8k is unlikely. But we are still in Q1 of 2018, some news development can easily give BTC the much needed bump and momentum.

$20K will be good, but I won't be much disappointed if that level is not reached within this year. At the beginning of 2017, Bitcoin was trading at less than $1,000 per coin. Back then no one thought that it will give 15x returns in 2017.

don't be a hamster. Now only one way out is HODL. I believe that bitcoin can fall to the lowest profitable level for mining. This is about 4 thousand us dollars. Don't panic. Forget for a few months about the market.

More on expectation the bitcoin will not bounce back to $20k at this point. But its good when it becomes and hit that price this year. I think when the day becoming the fix season I think this will be reached and hit in the market.

Personally I think that BTC will hit 25-30k $ range in this year. Obviously it is big speculation of MM at criptocurrency market

End of December 2017 was for real a good time for our coins but I am sure those time are coming back again this year

Here is a good news that can give courage to your friend: according to a survey conducted by the popular Finder website and published by the South China Morning Post, a number of people in the block industry expect the price of the first two crypto currencies, Bitcoin and Ethereum, to increase more than three times by the end of the year.  :) :)

it is very difficult to back 20k usd in this years,aft BTC increase too fast so btc need find balance point and side way with narrow oscillate a few month before creating a new cycle,i hope next year btc is leader to pull the whole market to  new level,now buy hold btc eth and some coin in top 10,i beleive  crypto market in the futrue

Yea, a lot of people did the same thing and now the price tanked. My best advice I can give you, is to tell your friend to

HODL. You might be the villain now, but when the price goes to a ATH again, you will be the Hero. Some of my friends

jumped in too, but they knew the risks. I told them that Bitcoin is still an experiment and a very high risk investment and

they still invested. Hope you did the same.  ::)

I too bought BTC when it was at peak and now regretting my move. How much did your friend invest? If he hasn't invested a lot, he should probably just sell his investment whenever the market recovers a bit and then use that money to invest in some ICOs. ICOs can give way more returns than BTC and I am sure that he would be able to make up for the losses he got during this period.

You're telling a noob investor who knows nothing about btc to invest in ICO's?  Fabulous ... Lol.

If you bought bitcoin, then do not panic. This price will change soon. If you have not already bought bitcoin - you can buy it now. Now is a good time to buy.

There's nothing we won't see in the crypto space. That's exactly what happens when noobs who knows little to nothing about the crypto space goes on to invest in icos. They begin to get misleading thoughts. Agreed, Bitcoin doesn't produce that much roi anymore but It's still king anyway.

Bitcoin can be back to 20k in end of the 2018.But if people keep using bitcoin and also keep buying it daily.We also know that few days ago google authority gave notice that nobody can not advertised about bitcoin or any alt-coin in there site for this reason bitcoin come down under 8k from 11k.Price range can be up soon depending on user ability.I think bitcoin price climb up soon if they can cop up with market and make there service legal in worldwide.    

I understand how upset he is now that the price in downfall, he was not alone buying at the peak of bitcoin price. He can sell half and invest in cheap coins that has potential to grow and research first before investing as it needs knowledge not to repeat his mistake. Hope sooner the price will recover.

Depends on the gamblers, if they pump the currency via marketing and propaganda like they do sure... BTCubblecoin can go higher, but someone has to put the money to "invest" (on what I wonder) and make others millionare.

So yeah, if you put YOUR MONEY, it will eventually go up so OTHERS can get profit, then it will deflate.

Why do you think Bitcoin has a value measured in DOLLARS ? also, btw, so you know... Bitcoin is also FIAT MONEY. Electronic, blockchain based or otherwise, it is not backed by anything except trust.

One thing is certain, BTC likes to be unpredictable. Back when everyone was saying that it's going back to 1000 very soon (in 2014) we had 2 years of bear market in front of us. At the same time when people were saying that it's dead (in late 2015) It bounced back to $1000, like it was trying to ridicule all the market analysts. You just never know what will happen with BTC, but you can count on it going up in the long run just as it was going since its creation.

It is actually possible with Bitcoin to reach that price range this year 2018 no doubt for the dominator maybe a lot more than that maybe $30k before year end.  For me there is nothing impossible with what we believe most especially the acapability of Bitcoin community to make a bigger leap towards new all time high's. I am one of those who looks forward for that good result though a lot can possibly happen regarding that time span just like what had happened way back 2017. By now it is good time to invest more because we have to expect the mooning of Bitcoin forr it's way up to millions.

Don’t panic because the price of bitcoin this year will surely go higher and make a new ath. A great opportunity to own it now at a cheaper price and just hold on it fot months and your profit will come. Its a matter of time but I’m sure this thing will happen.

I know that eventually Bitcoin may recover to that price or even more. Let us just wait for all these bad news to disappear and everything will be okay.

Did you ever mentioned to him that bitcoin isn't just going to move forward and there are chances that it can go sideways? Have you ever told him about the risk that he will take upon investing to bitcoin. I'm into the same situation but I didn't forced my friends to invest and I explained to them that many are cashing out so that made the price lower but on these moments the best thing to do is to hold and just wait for the price recovers. Nothing will happen if he will sell or if he chose to cut losses, he can recover few bucks but with loss.

give him a picture of the bitcoin itself that is fluctuative ... give also the spirit that the price is sure to refer back from the price developments from previous years ,,, make sure that surviving is the best way to go through, do not do panic selling because it is harmful .. .

Exactly. Look at the bigger picture, not only last couple of months. One one hand you need to be ready for halving down to 4 or 5k USD (which is unlikely, but possible nevertheless) and on the other hand you will likely see new all time high just by patiently waiting. But don't tell your friend that this will happen in the next month but sometimes in next two years, no one knows when exactly.

Nobody know what the future Hold. But am certain that because will hit $20k  back from April 27. Reason that Amazon we shock people because they are investing $1.91 Trillion on Bitcoin. This is an opportunity for people to turn $100 into retirement Fortune. My advice Buy Bitcoin and keep now. Because After April everything will start changing...🚀🚀🚀🚀

Many small investors bought bitcoin when the price was 18-20K. That time whales were selling their coins.
The market is waiting for that small investors to leave it and lose money. Then the price will rise again. Just wait and not be a member in that group of losers.

Tell him that there will be a sure bounce back after this dip. Show him the charts last year and for sure it will delight him and will start to calm.

This is why I don't encourage my friends that they will earn surely with bitcoin unless they will know what they are investing. Words aren't enough that's why if someone asks me about bitcoin I'm telling them to do their own research.

If you are investing your money you have to be really careful ,the price was rallying for a long time and it nearly touched $20k and why would anyone risk and enter at those evaluations rather than waiting to see how the market reacts after touching $20k because it was a major obstacle resistance point or a psychological value and  by the kind of rally we had we need to take precaution . The only step you can do is to average the loss when the market goes down and wait for the long term,i would not suggest to invest further if you are on a budget,but if you are willing to risk then it is your call and that is the advice i can give to your friend.

2018 didnt start well for all financial markets included cryptocurrencies but i hope this year will be posiitve at least after June. Bitcoin has a bright future without any doubt but only time itself can change the direction of markets. Investors can wait for years to take profit from markets but small traders will burst their balance during this volatile peak an dips of market.

Bitcoins are amazing as they are changing the lives of people. There will be a time when everywhere you will see everything would be dealing in bitcoins. That time is not much away rather coming closer with every passing year. And in 2018, definitely bitcoins will mark the level again as they did in December of last year. Prices will surely cross $20000 or we may be luckier to see $30000.

Looking at the present situation, it is very difficult to persuade myself that Bitcoin will grow much again, but I do hope for it. I suppose the time, when the market will start growing is already coming to us.

I hope that it will do so. But based on the current situation that Bitcoin is fscing in terms of the volatility in the market, it is hard to tell at this moment that it will. Bitcoin's market price is continuously fslling righ now. zbit since there are still many months remaining, there is still a chance for its price to recover snd reach the value of 20k this year. So just continue holding and investing to earn profit in the future or at the end of this year.

Do you know when the price is high and when the price is low? or better; Do you know when high is high and when low is low? Of course you and nobody knows that. So you and your friend should not be angry or fight.


simple. buy on the dip

you bought at $18,000, then buy at $8,000, buy at $9000, buy at $10,000 when price increases you will make a lot of profit. That is why: buy on the dip

Let's hope for it, the forecast is difficult to do because bitcoin is experiencing strong price fluctuations

And when hasn't this been the case? Lol.

Aw we know, bitcoin is crashing again today and even experts could hardly agree with it. If this will continue over the next few months, then it is just indicating that the cryptoworld is not healthy anymore and may fail to bounce back to 20,000$ again.

We are now in the present of thinking and doubting this bitcoin capacity in the coming days. What will be the next is the big question toward this bitcoin's happening. Now, more people relying on speculation to hold coins but the problem changes is always happening. So far we are now in approaching the mid months of 2018. Absolutely 20k is not so hard if the flow of the air change.

It should happen soon. Bitcoin was at $1000 in January 2017, but in December 2017 the price hit $21000. See the bitcoin price in January 2018, it was at around $9000. Can you see the difference in prices in January 2017 and 2018. We have jumped from $1000 to $8000. We have seen 2000 percentage hike in last year (from Jan to December). If we take the same ratio this year, Its at $168K. At least 300 percentage hike, the value in December 2018 would be at $24K. Too much right? Let’s see what happens. 

It can if the market endures this clamping and FUD that has been holding the market within the $10k mark since January. I do believe the pricing will significantly increase within the Q3 and Q4. This dips can be considered a great to buy and you'll reap and easy profit ng 2-3 weeks time.

Just check at market graph, most of coins are fall, there is nothing good advise for now except to wait.
For how long? there is not exact answer. Ethereum, Coins that having supports smart contract project where many ico project now using it as mother coins, can't holding it self and fall dip too which now that going back to $400.