Bitcoin Forum

This year 2017 has not been favourable to those that buy bitcoin in 2017, ended and are still holding.  Bitcoin is in a state that we have not expect as many investors and speculators were saying bitcoin will get to over $50,000 this year.  We should still holding as selling below the amount we buy is selling out of pain and frustration.

what you are saying is like having a gem in your pocket but complaining that it is a heavy rock pulling your pocket down!

when you don't know what you own (bitcoin in this case) you obviously find it tedious to hold it. and when you don't have enough knowledge about the market and trading you will also have trouble making decisions about when to sell, when to buy and when to hold. for instance right now it is time to buy. and with the new drama about Tether it may be the best opportunity to get some money ready to buy more in case drama could have some impact.

you mean the holders who invested last 2 moths of 2017, as they thought that bitcoin will continue to pump but its not. thats true that until now some investors of 2017 are suffering  too much pain not just while waiting to be pump (bitcoin) but also the time they spend just to hold bitcoin upto now. like me i dont believed in predictions because this only just happen last year (the ATH) meaning the condition of the recovery is very slow and not just can get by this current year (2018). if there some group of investors who want to adopt bitcoin in their business or company this will be a sign that bitcoin will pump soon, but until now, only FUDs can see.

Do you mean the year 2018,not 2017?
2017 was great,but the people who bought bitcoins last December are screwed.I guess you mean those people,when you write about pain and frustration.Last December everyone was talking about a 50K future bitcoin price,that was quite misleading,but every trader/investors takes full responsibility for his own decisions and people should never listen to the crypto "gurus".

It has been a hard year for those that got in at the end of last year, I hope many were able to hold and didn't panic sell.  Not just bitcoin but ALTs have been destroyed as well, I am hoping for a similar rise this year but so far it doesn't look great.

It must be a horrible experience to have bought bitcoin late last year, enduring a loss of $13k per bitcoin takes a lot of self discipline otherwise there will a lot of self hating and depression. Quite possibly suicides if going all in :(

Why do people talk about holding being difficult for only those who bought at the peak of $20k? there were  several months early in 2018 when bitcoin price was over $10k, which is almost 2x what it is now. There are a lot of months where buying would result in being underwater now, not just December of 2017.
This same shit played out back in 2013-2014, the only difference being that far more people got their asses handed to them this time around. HOWEVER, if those who went through the torment of watching their investment get clobbered stuck with it for 3 more years we are talking insane gains. Hopefully this repeats.

there is a great possibility of the person committing suicide, but this because the person uses money that will need, and this is the error

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I do not agree with this: " The pain of holding bitcoin in 2017 ".

Nobody knows when a price is high and when a price is low, so if people are buying bitcoin they should know that bitcoin is very volatile and these people should know that in order to have profits they must be prepared to hold bitcoin for years. do not expect fast profits unless they make day trade.
 

I'll bet there are more people suicidal for missing out on 2017's pump then people who bought the top of the pump. WAY more. Just imagine selling hundreds or thousands of bitcoin back when it was a few bucks, or even in 2015 when it was around $200s. Stuck in a shit job, living with the knowledge they were that close.

Probably correct as the edges of a market top or bottom are usually involving not that many people.    The very origins of BTC was quite a select people, if only because many of them got rid of the BTC along the way not knowing the future thats a normal process of distribution.
People who bought at the top will have sold along the way also, they are part of the decline.   But I dont think many even saw the top nevermind decided just at that moment to buy.  Also I dont think that top price even registered in every part of the world and every exchange, it didnt hold as some flat top more a spike.


I believe he is referring to a rolling year or 12 months leading into November 2018.

The best advice is always going to be dont just buy once or sell once, spread a trade across a period of time and it'll even out the volatility quite a bit.    Even if the price is rising its quite sensible to delay buying everything in one moment.    A good thing with BTC now is it can be traded many times without fear of the fees to processing multiple transactions to a wallet.   
Price isnt everything, I hope underneath that cover BTC protocol keeps improving and a graph of users is rising for it due to usefulness globally

Yes, that is the hope.

Do not be a pessimist, the price of Bitcoin has been rising and falling since the beginning, but if you analyze the whole story you will see that it is growing. The current situation is only temporary. Soon investors will start buying everything from the cryptocurrency market.

Most of the cryptocurrency market consists of garbage shitcoins. Are you saying you want to see a full on bull rush again where lots get wiped out?

There is actually no pain unless you want to just bring up some pain for yourself. We are in a corrective phase and it is normal which even gives you the chance and opportunity to be buying lower for the future, how on earth is that then supposed to be a pain. Trust me, if it is about pain, so many people are feeling pain now for making the same mistake like you back in previous years. This is not something new, get used to it, hold and buy more during the dips and look how things would pan out for you with patience in the long run.

You could definitely try dollar cost averaging because that is the only option you have to make profit any quicker and considering the price is quite low compared to what you bought it would be easier to drop the averages very quickly and that way you can get out quicker as well, instead of waiting for another $20k you could get out at $10-$12k for example, makes more sense.

However I understand not all people can buy more and more because they will be eventually run out of funds to buy bitcoin however for that type of deal you can definitely divide it into something that makes money while waiting like dash or neo and what not which would allow you to make money while waiting at least.

Or you can definitely hop on a couple ICO just in case and not spend too much and research very carefully but if you get it right than you can make a lot of money, of course do not spend much on them, couple hundred bucks at maximum is enough.

Yes, it becomes painful to buy bitcoin in 2017 and the value of bitcoin falls low. Conditions in 2018 are indeed very bad, but the market will definitely be able to stabilize again, we don't need to worry because bitcoin still has a chance to recover.

Since they are holding until now then just continue. They already spend lots of months holding during this bear month so dumping at the current price is kind of a sh*t move to me. If they really care to thie price decrease movement then they should consider selling back then and not now.

Why other guys are rushing so much for bitcoin to reached their dream price e.g $30,000, $40,000, $50,000? Just relax. Those who are on rush are those who feel the excitement of 2017 hype. It's better that the market is on the state like this so that we determined the strongest support of bitcoin price. A quick massive jump into higher price is a product of hype and not by real demand.

Obviously, chances are waiting near future but peoples are not ready to invest in Bitcoin so we need some positive vibe in soon. Because all the investors are trying to buy in bearish trend but new investors are panic in this situation so once improve the market automatically all the investors are back to participate in crypto industry.
 I think next year is the perfect time for Bitcoin and altcoin investment so we should expect some good hype end of the year.

Yes, it might be a pain to hold into some coins that have already lost its value, but always keep in mind that losses can only be incurred if you sold at a loss, and as long as you are holding those coins, there's still a possibility that you'll get back the loss or profit in the future. Stagnant money is wasted money and opportunity IMO, so never put all your capital in one single go especially in volatile assets like bitcoin, but if you already did, waiting is probably one of the best skills you must have/develop in order to get through it.

2018 might not get us the same bull run as to what 2017 had but that doesn't mean there aren't any ways to make money in a bearish market. Those who bought during the top clearly are moved by FOMO and hype without studying the markets carefully. All they can do at this time is wait.

Advice to those who are underwater to buy Dash or Neo, or some new icos is just f'g stupid in my opinion. Most likely the entire market will bleed all next year, don't make a bad situation worse - chasing losses is the sign of a gambler not an investor. Trying to fix a mistake buying too high now is asking for trouble, all you can do is wait or dump for a loss if you get desperate. And try not to get suicidal over money, life is too short for that.

Well unfortunately, those people have limited choices. By this time, those that probably got in because of hype had already sold their btcs and those remaining are set for the long haul. Disappointing of course, but you have to look way ahead if you don't want to lose.

Ofcourse, holders of 2017 end will be in panic because the predictions were wrong as said in the statement that experts predictions were around 50k dollar price but we saw downfalls in 2018 beginning and those downfalls are now ended but the price is still in the low market that is around 6k dollar with some fluctuations. I prefer to follow market according to conditions and nothing more as predictions are useless.

Compared to 2017, every user is experiencing hard days right now. Because, past year people never knew it'll grow such high. In unexpected time period things took place in a positive way reaching big value. Now people are much curious to experience the same and the expectation level is big. By now the growth happening in such a down trend is just increasing the pain.

They that hold bitcoin in 2017 should have suffered severe losses at this time because the difference in price was so far, than holder that hold bitcoin in 2018. It might take several tens of months to get their capital back or also see the price of bitcoin soaring again as it did at that time.

Sometimes a prediction even though it comes from experts then I will be less certain that it will happen. Bitcoin prices is very slippery to predict and sometimes I did not understood the market situation when positive news came, but prices remain unchanged, so that I believe that there ware other factors that make the price of bitcoin or even the price of altcoin change. For someone who bought bitcoin last year there is no other way than to hold, selling at this time will give a big loss.

Selling because of pain and disappointment because of frustration with the crypto market conditions this year is not the right thing to do, I personally still buy bitcoin and some altcoins this year which are only to be hold, because I personally still believe there will be a further increase that will happen very well someday. So with a situation like this I don't feel disappointed, because we can see the market does not continue to fall and still survive in the same range and surely the market will recover.

indeed, at that time the price increase was very large, reaching $ 20,000, this increase made many people get huge profits when they saved a lot of bitcoin before the increase occurred but for those who just bought at prices that were still relatively high, until these prices are getting lower, so they get huge losses. This is a risk if we do invest in digital currency, price increases and decreases occur without our knowledge and can only predict it to minimize the losses we get.

For those people who bought bitcoin at December 2017 exactly, but for those people who bought bitcoin at the beginning of 2017 I guess if they keep holding the bitcoin they have till now, then they won't feel a loss but still get a profit. That is true the price of bitcoin at the beginning of December experienced a drastic decline, various regulations that came contrary to what happened in 2017. As each investor is forced to give up their investment and see further developments. However, if every country considers returning to accept cryptocurrency, it is likely that the price of bitcoin will rise again, so keep hold for someone who has suffered a loss.

You had the chance to buy bitcoin at reasonable prices for most of 2017 it was not until October when the price began to accelerate its growth so if you are not comfortable with your profits or losses the only one you can blame for that is yourself and no one else.

Its possible to calculate an average weighted price for any duration of time be it this year or last or a rolling 12 month.    This measure could be known as volume weighted average price or vwap, its far more common to use just simple moving average of price regardless of volume but adding the amounts traded at every price increases accuracy.

Problem with BTC is that it has no one exchange so is very hard to decide on exactly, hence ETF regulators indecision.    Its likely december was volume heavy but not so much that the past months have not exceeded it by now, we have more holders around this price then above imo

Its really hard if you compare 2017 to 2018, the disparity of both year's if you bought bitcoin in the  highest price then in 2018 market is quite not  good absolutely your loss

You can`t compare this and last year by the price. You can`t compare this year price with price from 5 years ago. 5 years ago is interesting date, some people bought bitcoin at 1200 dollars, that was top, next years for them are similar like this year now, after top big drop came. I think that people who bought on top just made a mistake, they didn`t know how things work. They just saw big headlines, price moving up and many thought it will go much higher, well we know what happened. Of course this price is not favorable for this people, but they need to think about that like they learned a hard lesson, there isn`t other way around than to wait now and maybe to buy some more in this dip.

This year is 2018 not 2017 but if you mean the investors in 2017 up until today then probably they were still holding it if they did not sell it for a low price.

What you were talking about of $50k is not too clear today since bitcoin's last ATH was $20k and you look we are at $6k today. Look how big is the difference since the market is starting to decline the prices at January this year.

We need to forget the Q4 2017 period, let's say; it was an exceptional year, and we won't see the same anytime soon. We need to move on and to use Bitcoin as we were used to each of us, with our different purposes.
For sure it was not a favorable period for people who injected some money to speculate on Bitcoin. But perhaps it's finally a lesson to learn that Bitcoin isn't an investment but rather a currency. (with ups and downs)

We will see it. The bear market lasted for almost a year and it's about time it ended. In 2015 people were saying the same thing that you're saying now. They were tired and wanted to forget about January of 2014. That time was one of the best moments to buy Bitcoin. Think about it! :)

I just appreciate those people who still hold their bitcoin. Its the time where we have to show highly patience and not to watch the price list.

we have the same situation mate, frustrated? absolutely. because this year the price changes continue to weaken and there is no significant price improvement. sell now? it is certainly has been too late because the price has reached the bottom line. the last thing is to be patient and hold it

https://i.imgur.com/vufhws7.jpg

yeah he's still HOLDING

Dont feel pain dude that not only you're the one who buys in 2017 and the hodl until now,we also still remain in this bleak period and buy or sell a little to grow value in the market and not only that BTC is a good asset, to hodl my brother also said that this long term investment will definitely get good results So don't give up.

Its hard for those people who still holding the bitcoin and expecting good price . There should be reward for them who show that penitence. A wait of year is everything for them.

It is really not favorable for most investors who have to buy bitcoin last 2017 and then ended up today in losing stake. I know what it feels because I also lost some of it but I decided to sell it before it really drops so hard this year 2018. It is really hard in the feeling that we felt that way but it is really part of cryptocurrencies. If you are an investor then we should really take risks for us to get profited.

the pain of traders who are stuck at expensive prices when 2017 is definitely a lot of people who are depressed and certainly a lot of people are crazy because of bankruptcy, it hurts many who think this is just a cash game, hopefully the price of bitcoin can return to the price of $ 20 k again.

I don't imagine people were invested in the last year 2017 and they holding until now maybe at this time they were knuckling their heads by seeing the price drastically down and it is never coming back at the price when it is so expensive. Well, that is a part of the crypto world before you invested you must know the possible happen into it. Patience is a key here to retrieved our lose if we invested last year.

Bear market that lasts very long indeed makes many investors feel frustrated (including you) and in my opinion no one will believe in the prediction of bitcoin prices in the future.

I came here not to get a loss, and I never thought of selling at a price that was much cheaper than the purchase price. I am sure that future crypto growth will grow again, and hold the choice I choose.

I am also a holder i bought many bitcoins in 2017 thought it gives me more profit but this year really disappoint me but i still hold my coins and did not panic sell. I won't sell them even the price fall more or below 6,000.

In 2017 i also did that mistake i bought 1 btc at price of 20,000 and now its to much down. I sold them when the price was $10,000 thought its dead i just broke my patience and did panic sell.

I don't believe your words because you are not active in 2017 so how you buy in 2017 end of the year. I think you are signed up in 2015 so you will make more profit in Bitcoin investment. Few investors are loose the bitcoin investment but you are not stay in that category.

There's a very popular saying whenever you choose to invest in stock market, and i believe it's applicable to Crypto Market too, "Buy when people sell, and Sell when people buy". If only people started selling at that peak they would not have burnt their fingers, while I also believe the Fomo fear did play an important role during that period. If you or someone has bought at those rates then, I would suggest to ignore the short term volatility and hodl it for the long term.

Does it make sense now what was in 2017?

In fact if they have become frustrated they do not have any other option except to hold bitcoin, otherwise they will book their lost. To me I personally holding some bitcoin for last one year but still I am hopeful that a time will come when all my lost will cover and will even give me a good profit.

On December many people suggest me to do highly invest with bitcoin i sold my car and house. I live in rent now i don't even have a bike i sold almost everything. But bitcoins is still fall down. I am facing the pain.

I believed you meant 2018 because referencing to 2017 means is the best year ever seen. 2018 has been a year filled with so many challenges that portends a bleak future. However, the past is in the past and there is no point whining over it rather than focusing on what the future portends for everyone. The best cause of action now, is to keep looking ahead and be careful not to be carried away by the spur of the moment which would then make one lose out on what going to happen later. For the speculators, its expected that they continue to make projections for them to continue their relevance in the crypto space and also to keep the hope alive in the face of uncertainties that have pervaded for months now.

a very deep pain when remembering that moment again, I bought bitcoin when the price was $ 15,000 and at this time the price of bitcoin fell very sharply I suffered a huge loss from the fall of bitcoin prices this year. I don't know what else to do, my capital has decreased greatly.

pain holding bitcoin is temporary and eventually it will subside, if you quit holding it youll lose forever and someone will takes its place to succed, the key lesson to this is that just invest on a amount that you can afford to lose

Well the choices are not limited if one knows how to avail them. There are many people who are just holding the bitcoins as they bought them at a very high prices like 15K or above. They are waiting for another bull rally where they can also sell in profit but this wait is getting too long. A better approach maybe to invest these bitcoins in trading and make double/ triple before we see a big run.

Yeah  if that the case you become idle because it is a big risk if you  sell in the bear  mood, it is a good idea to do day trading using  some ICO’s which is profitable and promising.

If you bought bitcoin at the end of the year of 2017 then it makes sense that you are not very happy with what it is happening but if you can see the potential of bitcoin then you need to keep holding, it is obvious that this will be easier if you were still getting profits despite the crash but one thing you need to remember is that if you sell now you will regret selling even more than what you are lamenting holding your coins.

well, we should all be prepared for this. we know the price of bitcoin is indeed unstable, the high price makes us complacent and restrained until now. well, maybe this really hurts, but, this has become a risk for each type of investment

I am assuming the OP made a typo and meant 2018 instead of 2017.

Holding Bitcoin was also painful in 2015. The year was actually less volatile than it is today and basically there was good news after good news but Bitcoin still traded sideways.

Some exchange got hacked and there was a stop hunt pretty much on some exchanges and many got stopped out because the yearly low was breached and was completely bought up. And then later we finally broke the yearly high and kept basically advancing in price ever since.

I actually thinking holding bitcoin in 2015 was much more painful than in 2018 since it was much less known and everybody assumed it was a scam.

If most people understood the risk before venturing into this space in the first place, I am sure they will not be caught up in FOMO. I remember sometimes last year when the market started with the bull run, a lot of people were happy and when the market was hitting an ATH with the bull run towards the end of the year, a lot of people tried preaching it here that newbies should be careful going long when the market is overbought, but they just decided to go with their guts based on greed, and one thing in life is that when you make a decision, you should always be ready to live with the decision you have made, and when you know you have made a mistake, learn from it and find ways to do things better next time.

Of course, Maybe, if they see the current situation they have to save it or buy the right time, actually they don't need to panic, because this price can also change at any time, and remain patient and not afraid.

Speculation maybe happen or not happen. Don't base what other people just do a research and think what possible to happen in the future. Make to your own just believe to your self you can predict what is near to happen but not exactly really happen.

I understand your frustration as you joined Bitcoin as you think only of easy money but not thinking investing of this currency is very risky because the price is really unpredictable therefore the next time you join any investments make sure you review it well not by just listening to some unreliable hearsay.

This is the reality in bitcoin as not all of us will become rich and only those who manage it properly will survive. I feel the pain to those investors that had impatient already looking the price of bitcoin that had stagnant and not able to break the $8k price. Although it's not the end as bitcoin is still doing good and sooner this will bounce back to higher level and I just hope that those people will feel the sweetness of their profits if they still have patience to wait.

Yes I really know how it really feels when you have a token who have a high market value in some time but suddenly its market values goes down the drain and you feel very sorry for yourself that you were not able to cash it out during those times that it had a high market value, so next time around don't hold back! cash out as soon as possible while the market value is hot!

I'm sure that its just a typo 20178.

But the price for the whole year of bitcoin became better at the end of 2015. Starting on January 1,2015 price is $320 and it all ended at $420. And during its movement on November 2015 price goes high nearly to $500.

That is actually something that I believe is normal due to the fact that most of the people who bought in by then would have been down hugely in percentage by now.

Nonetheless, there is nothing to worry about and rather than worrying, people should learn the mistakes they made that put them in that position in the first place and get to understand that this space is still growing and it has not stopped yet and if they know where they went wrong by joining FOMO, they will know the best thing to be doing now at the dip is to be accumulating for the future.

It is true this year has not been easy at all but you must do what you can to keep holding your coins, if you sell now not only you will lose money you will lose all the potential profits that you could get out of this market, I really think that many of those that bought in 2017 were victims of the fear of missing out, they thought the price of bitcoin will keep growing indefinitely and now they are realizing that despite the amazing technology behind bitcoin, bitcoin is like any other asset.

And that means that if you want to make money out of this market then you need to get knowledge about how investors and traders get profits in those other markets and if you do you will be ahead of most people that only invest when the price has been going up for some time.

I'm sure most of the people who joined last year have no clue about the technical side of Bitcoin. The price that kept going up continuously was the only motivating factor for them to enter this market.

So yes, fomo has been the main trigger of last year's bull run, which is exactly why it went up that hard, and exactly why it won't be going up this year. Bull runs always happen when no one expects them to happen.

People expecting a bull run this or next year have already bought in, and the newbies who entered last year already have coins and are desperately waiting for the price to recover.

When everyone expects a bull run to happen and have done all the buying in advance, there is no real demand. We have seen what happens when the price breaks through the $7000 mark, we're confronted with sellers only.

I really think the speculators was too far away from real price, were too optimistic. But for these who bought bitcoin at high this year and if they will sell now in a loss i just can say to still hold bitcoin for some months and only sell when they will see enough grow price to make a profit and for all who want to buy bitcoin or altcoins not forget invest only money that afford to lose.

that's the risk we choose when investing in bitcoin.
it cannot be denied at the end of 2017, many people who talk about bitcoin will increase but the reality is very different from what we expected.
so there is nothing that needs to be regretted for what has happened because time will not be able to repeat itself.

I believe as time goes on we will always have to learn from every decisions we make, won't we? I believe that HODL mentality is something that a lot of people are beginning to regret but the truth is that, there is nothing to regret there, considering the market will recover, and it will all be good news at the end for most people.

One thing I believe is that this is still a growing market, and even if you want to take advantage of the fluctuations, I believe you will still have to learn first, isn't it? So, there are just two ways about it, which is either you have the knowledge to trade the market pretty well or you do not and you just simply have to hold and move on with other things, to come back in the future.

I guess what he was basically looking at is not ending up selling at the last part of 2017 when the whole bull run started and then had to hold all through to 2018 and where we are now. There is actually no pain as far as I am concerned, unless you possibly just want to get to bring the pain on yourself as a person.

Looking at the history and how far we have come, any smart person will know there is still a great development and growth going on, which simply means at this stage, the basic thing to be doing even if you are still holding, is to keep accumulating and focusing on the future, which is when I believe a lot of people will not even have any course at all to worry about anything and may practically just leave the worries for the newbies.

the pain when holding bitcoin from 2017 seems to be very painful and makes the person certainly very depressed because at this time the price of bitcoin fell very deep and waited too long for the price to rise.

Most people want to get the benefits of the market without any effort, so what you are proposing makes sense and it will help people to make more money in the market if they learned from their own mistakes but that is something that is not very common, people prefer to keep doing the same thing over and over again and see if they can get different results and as you may guess that doesn't happen.

Those People as stupid loke you are the holders that has pain in ass because you are all greed and investing only just to gain money,and the saddest part is you are all being fooled by this manipulators that spreads misleading speculations lol
The true essence of holding is to trust bitcoin and believe the technology behind this.thats how the cryptocurrencies must be treated and not just a profiteering

I agree that holding bitcoin in "2018" must be the name but definitely not as bad as it seems. I know price has gone down a lot this year but it was also quite low for a long time and stable, which gives you a chance to recover your losses by purchasing more and more.

If you were wise enough to save up enough money to get as much bitcoin as you can during these low prices than you will be lucky when the price goes up. When you buy bitcoin at 14-15 thousand dollars and the price goes to 6 thousand dollars, it wouldn't be a shock if the price goes back to 15 thousand dollars.

However if you keep on buying and drop your average to 7-8 thousand dollars from all the bitcoin you bought during 6 thousand dollar times than you will profit double when it hits 15k. So you see, the trick here is to get as much as you can from as low as you can to drop your own purchasing average.

All that is required is even patience, but of course, there is no way anyone can even have patience without realizing what they are investing in, the potentials or why they should be looking at the long term in the first place, and all these things will most definitely affect their judgment as well as the way they basically think.

Obviously, most people who are pained right now are those who joined FOMO and of course, that was because they never understood the market and they never took their time to, but while some have learned from their mistakes and trying to make some adjustments, some will be whining and feeling painful for no reason at all, as if that would help them in anyway.

the pain that holds back bitcoin when the price of bitcoin in 2017 seems to be very depressed because the current price falls very sharply and it makes a lot of people lose and it is difficult to be able to raise prices again.

I think people become familiar for the current market situation because the prices were at the current range for months now so the people who can't hold may already sold and it the who are ready to accept and face the whatever consequences are still holding the coin.No pain no gain so hold the coins if you want the huge benefits someday.

The fact we can't move on since we got a chance to sell it right, now were stuck waiting since we all know it will take time again before 2017 price will sew again.

Every speculation made by some experts stated that in 2018 the price of bitcoin will reach a high price for instance $50,000 and more. However, every expert who makes predictions is like looking at price conditions in 2017, but in fact they put aside various factors that can affect the price of bitcoin such as regulations from the government and others. This is what happened, bitcoin cannot yet be a tool that is liked by many people, especially the government, so they make it as if they want to stop the accretion of bitcoin. I guess there is no a counsel wish that can convince everyone who keeps holding of bitcoin in the long run by reason of wanting to get big profits, because in fact there will always be many people who don't like the accretion of bitcoin.

I agree, so it is up to us now if we still want to hold or to wait until bitcoin price will recover, or if it is still recovered someday then that is good for those who hold until now. Maybe we need a long patience right now with cryptocurrencies because as I saw, cryptocurrencies are struggling.

Hahahaha! You would not blame them and I believe some of them who end up accepting their fate and HODL anyway, even though if it feels painful for them now after being a part of FOMO because they were dumb enough not to understand how market is, will eventually get to find it interesting and be happy they held eventually.

Those who I basically feel pity and at the same time feel no pity for are those who sell as a result of panic, instead of realizing their mistakes, were busy blaming the market and everyone for everything, let's see how that will work out for them in the future.

Just wait the right time when the price of bitcoin will goes up, and take the opportunity that we can buy a lot of bitcoin in low price, so if we buy more now we can have a good investment for the near future.

Nobody is dumb in this market especially as its such an unknown and new type sector type then it cannot be certain what exactly is the correct procedure.    The only thing I can recommend is for people to stablise their entry and exits from positions, never buy all at once and hold or sell in an instant switch from crypto to fiat and expect to have perfect luck in timing.

Its better to buy a few times over time, preferably over a year.   Part of the reason the market was so uneven is people jumping on the bandwagon all at once.   Now we have sideways price action some equate it to weakness but thats only the case for speculators and traders who want to profit near term.   Overall its far easier to deal with BTC now then it was this time last year when so uneven.    There is speculation, so long as underlying development and requirement for BTC exists then the market is prospect should be reasonable to take part in

Most financial adviser say to only invest what we can afford to lose.

It is not wise to invest the money that we use in our budget.  Since when we say investment it means we have to wait for some time and it always have risk of devaluation worst being gone.  I agree those who bought for bitcoin must wait for profit to sell else it would really be a pain since selling it right now means that the investment is at a lost.  Another thing is that do not buy the rumor, instead sell it and buy when everything is in a state of panic.  I guess those who bought bitcoin last year had learned their lesson in a painful way.  But, as long as investor did not sell his holding yet, he is still got a chance of profit when Bitcoin recovers and break it ATH.

Well, that is usually the problem for most people. They tend to concentrate so much on the pains they are feeling because of some occurrence that is not even meant to be painful and just for the short term, that they always end up missing the opportunities that is available.

I know it is hard for a lot of people who came into this space in the late part of 2017 and now are really regretting they did, but that is the thing, simply because they did not realize their mistakes and they still have not realized their mistakes which balls down simply to at least trying as much as possible to understand the space and know what is possibly available in the future, they just end up getting pained for nothing.

If you have decided to hold your bitcoin until 2017 has already ended then maybe you are holding it for a long term plan. There are times that you will just ignore no matter how high your crypto asset will be if you are keeping it for a long term plan.

The real question is, how many bitcoins are you holding at the moment?

You just sound like any other of those folks that are saying "yes, just hold bitcoin and you will be super rich" but in the truth, you do not even have 0.01.

Bitcoin is good, the price is not the only good thing of it.

This is most difficult for those who had bought at high price get really panic. Panic in selling at low price which really resulted in losing profit. Yes by having patience and wait for the increase we can earn from btc.

 I think there is no wrong on being positive visioning in the current situation. As what we have experienced from the last year of holding bitcoin, but in the end we are bountifully receive the profits we wish for. So, it is not too late and do not change a positive perspection.

Even though we think that 2018 isn't the right time for crypto but we can't lost our hope and thinking on the positive. Many are losing their investment today due to unexpected fall of bitcoin and many are thinking of its end. It seems to be helpless if will go that way cause in only give discouragement to the others.

If you bought Bitcoin last December 2017 and got caught with the drop of price, it's either you sell and buy other coins and sell again until you recover your losses. Seeing your investment slashed by more than half is really painful and you cant recover that losses if you just sit there and watch. You need to lay out a plan if you want to recover quickly. looks like the $50,000 by end of 2018 prediction is not going to happen.

We must target the market before bitcoin goes higher. Now a days, things are quite easy. Price ranges are quite low so just take the opportunity. Buy low and sell high, simply it will amaze you.

Yeah, the decision to make is always up to each and every one. For those who joined FOMO, no one forced them to do so, it was their decision and for those who are not seeing this as an opportunity now to be at least loading up the dips to at least break even quickly when the market switches back to an uptrend, which it definitely will no matter how long it takes, then it is still their decision as well, which I believe in coming months, years, or decades, a lot of people will be wishing they had been patient. It does not take much to be, it is all about just being smart in your approach to things, which is all.

It's like what early investors of bitcoin did, they buy at low price without expecting whether it will rise again but see it did it in 2017 so chances still possible as crypto were not widely use yet.

It is depressing when you consider of selling at 18k and now it has breached 6k as well on downside. But this is how crypto market works and everybody who think it is shortcut to make money would realize that it is equally risk as well like getting rewards in this market. But this should not make you stay away from the market infact lesser the price more you should be investing in it.

Only those greed and noob believe that bitcoin will reach $50,000

You are not contented with the almost 300% of profit from the last quarter 2017 instead you waited for that huge growth so the outcome you become a victim and being trapped when the market drops drastically

It is only painful because people thought bitcoin would rise above of what they have been expected but it turns out that it just stop at $20k then suddenly drop drastically during the first month of the year. And now people who still thinks that bitcoin would just going back again at least $15k are still holding but bitcoin didn't went that way.

To recover your loss through strong planning and strategizing your actions would help you to rebuild your financial structure. Keep your spirits high and learn from mistakes to achieve back.

While being patient is one of the most important characteristics an investor should have, been patient is not very easy when the market is crashing in such a way, so while I have no intention to sell my coins as most people have done already I understand why they are doing it, it is simply impossible for them to withstand the huge losses that they are incurring by holding their coins.