Bitcoin Forum

I sold at $7550, am I screwed or will it at least go back down to $7500?

It will go back to $7500 but we can't know when will it happen, bitcoin price is always in constant motion, in the past months has been up all the way, but i have seen it months going down until touch floor.

You have 2 options, wait some months for the crash or buy now and sell them at $15k  ;)

you are never screwed just because you sold at some price and then price started going up. instead you are screwed when you see that rise clearly but instead of correcting your mistake and buying back at a small loss, you decided to wait until you are in a much bigger loss and still not buy back.
you are also screwed because you entered a market and started trading in it that you had no understanding or experience in.

its never too late to buy back, watch the dip and keep doing it. you might just be lucky to accumulate 1btc with thay amount. right now, you can wait til is sinks again to 11,400 buy and then when it hits again to 12200 that might just be the right time to sell.

the cycle goes on, theres a whole year of making this work out for you.

You are not screwed unless you bought under your sold price. You will be screwed if you bought high and sold at low price regardless you can still recover no matter how much the price is today.

It has never been too late for everyone to start buying before the price goes higher than you had bought it. The bull run has just triggered and ride it before you get another regret.

no one can know exactly in which direction bitcoin will move, but the two months are seen very good positive dynamics, so it is unlikely that in the near future bitcoin will return to $7,500

This is giving the Bitcoin Price forecast for the next years
https://longforecast.com/bitcoin-price-predictions-2017-2018-2019-btc-to-usd

They update the forecast every day. This website is very good. I used the predictions of the Indians in the past, and they helped me. Indians are very good to predict the prices
 

Well $7550 isn't that bad. I sold 2 bitcoins for $250 each. I guess we will never see those prices again ever.

İf you made profit dont worry about the current price.some friends says it will be 7500 but noone can be sure about it.my suggestion is wait and monitor for a while, designate the supports and resistance and enter again where you think is profitable.

Will it now? Will it go back to $0 too? No one can accurately say what is going to happen to BTC value at any particular point till now. You clearly are a pessimist who cannot see that BTC is growing organically unlike how it was growing in 2017.

The crash? Hilarious. Based on current events, BTC will continue rising in price over time breaching its old ATH and reaching a new ATH and will stabilize itself unless something crazy happens which is why your prediction that it will crash is pretty dumb in my opinion.

It will be, it won't always stay at this price.

Obviously, some of the investors will be selling some of their BTCs and it won't be staying at $12K for a long time, though we don't know whether the price will continue to fall or will fall down. All we know is that the price will be falling down since BTC is volatile. Just wait for some time since this price might take a long time before it falls down again.

If you managed to make money, then you are not screwed up. Those who bought $ 15,000 and then sold 4000 and got disappointed in cryptocurrency fucked up. It is very rare to get the maximum profit from the transaction. If you are a trader, then you don’t have to blame yourself for anything, but if you are an investor, then of course you sold a bit early, because the bull market has just begun. Anyway, I think so. But this does not mean that you will no longer have a chance to enter the market. Just wait patiently as I waited a whole year, but I believed that the market will recover. I think that the correction will definitely be and you can still buy at a lower price.

I think nothing to worry or screwed here about BTC price just now. Not this is time to recover BTC price untill it hit $23k. So i think you may be think upset that you sell in low price and suffer in near future. ;D ;D ;D

You will be screwed if you hold $7500 in money fiat or stable coin. Buy it again now it's still the best time so far, the next price will be touch is $15.000 according to several prediction. You will still get profit although you don't have 1 bitcoin again. When bitcoin price is in the bull market then we can't resist its movement price, just a learning for you.

Exactly, it seems that the price will still continue to rise in the coming days so better to move on than feel screwed or sorry. I just did the same mistake this month but what I did was I bought some bitcoins and i’m now waiting for the price to rise some more for me to sell, it may not be the same amount when it was $7500 but what’s important is I can still get profits.

It is a wrong decision you have made. Why do you sell it for $ 7500? You don't trust Bitcoin, and you sold it as soon as it reached $ 7500? I may have to tell you that Bitcoin will never return to $ 7500 again. Bitcoin is still rising and continues to rise, wait for some price adjustments, and you can rebuy Bitcoin at a lower price.

as long as you get the advantage of selling bitcoin like buying at $ 6,000 and selling it at $ 7550 I think it's profitable because it's already gaining profit. for buybacks you can choose buy now because viewed from the chart the price of bitcoin is always up so you can get more profit. or wait for prices to fall again.

BTC can even go down to $100 and I was a part of the community when it was $100-$200 so no, you're not at a loss. If you feel that way then you will never really manage to deal in bitcoins which is highly unstable. People who has bought at 19k are still waiting for 1.5 years holding their coins. Imagine how they felt when BTC reached $3k.

Not at all, while you sell with profits I don't think. Not only you, maybe a lot of people here have sold bitcoin some time ago and now watch bitcoin rise rapidly.


Wow, unfortunately, bro, maybe if you still hold it, the price will be many times. I also sold bitcoin at a low price and since 2017 when I was sorry for the bull run, that's where I am increasingly optimistic about holding bitcoin, it turns out it's not in vain now and I'm still waiting for $ 20,000

This exactly is what i wanted OP to start thinking and not to just conclude on regret, even those who sold at $12k will come here to regret their actions, one thing is certain, never look on your looses and never wanted to buy back beck becasue buy back with looses will definitely bring or yield some profits at the end. I sold 1Ethereum at $310 but right now is $330, i just have to buy back bro...

has to be a correction sometime if we follow past btc trends, it always dipped back around 50 % of all it gained before the real pump begin , but like always you never know with investing.

Hey there :) don't worry I sold @3k $ , well why ?
Because I needed some money at that time .

I could have just asked from some friend and returned but you know what ? There is nothing better than you relying on your own money and that shame and everything of asking , I didn't have to face any of that .

Therefore I am not even sad that I sold , because I needed at that time.

If you keep feeling sorry and sad for the profit you could have made then you should just chill out and relax because it happens , it's a market where you bet while buying and selling , it is bound to happen .

You can just buy again and see if it works or wait till you see it's perfect.

Why would any of us know any more than you?

A rise like this is very rare and rarely sustainable. All the same it might be awaiting a further leg up and may still settle higher than we expect.

Ain't no one got a clue.

I am not sure because the price can go to any price. But I think it is hard to see that price in the future, especially if bitcoin price is getting so high. But the chance for bitcoin to go down will still be there as we know that bitcoin price will make a correction after the price reaches the highest price. You need to be patient if you want to buy at that price, but I could only suggest you place at any lower price but with the small amount.

You really missed a great opportunity to get a lot of profit in just a short time. I recommend you buy more BTC because the chart is very beautiful and until now, it still has no sign of going down.
it will sideway for 2 days and start growing again, choose a good time to buy the best price possible. You can place a buy order at $ 12k3.

It is possible that OP bought BTC few months ago when price was only $3000 - $4000, and around 100% profit at that time was a very tempting offer. Given all the speculations that have emerged in the past few months, almost no one expected that we can see such strong bull run at this time of the year, one year before next halving. He is not only one who sell, many weak hands emptied their bags in anticipation of correction.

I would not bet that BTC will never return to $7500, it only depends how high this time will go, and correction can be 80% or even more. From $20 000 to $3000, and from $50 000 it can easy go down to $7k.

I don't really understand why anyone makes any bets.

Play with a proportion for fun by all means, but why are so many people pure binary?

If you're a non believer and you've reached the sum you're aiming for then by all means sell everything and walk away. Bitcoin's price is no longer your concern. If you don't fall into that category then quit dicking around and remain in your seat.

At any point in crypto, you can lose or gain. I'm sure you made profit when you sold at that price. But it is still not too Kate, you can still go ahead and buy when it dips and either hold or sell when you have reached your set target.

I don't really think you are screwed. I myself have sold into the early $8600 ranges and I was happy since I made a huge profit off of it already. Now I'm just looking for a nice entry point to take advantage of this current rally and have expected the price to come down to at least $9k since the volume is waning just the other day. Well, turns out my predictions are wrong and I'm still waiting for the price to at least climb down a bit and buy it, whatever price it may be and just hope for the best. $11k is a good buy already, at least for me.

That actually wasn't too bad a price (depending on when you bought) hindsight is 20/20 so you will get the bandwagon people saying you messed up.

Check out this research for understanding how to find the bottom when it comes:

https://www.amsinger.org/open-research (https://www.amsinger.org/open-research)

I wish you the best!

Aaron

First thing is to determine whether you sold at a loss or made profit. The crypto space is much unpredictable. You started seeing much analysis now from so called experts because the market is green once again.

true dat

Hmmm


You already sold once at 12 BTC around ~8000, so there are like 1% chances that you bought above 7500 back in.
So, if you made a profit, it's all good.
You could have made x20 the profit but that doesn't mean you're "screwed".


Buying back with losses will definitely bring you profits?
And this will always work like this, forever till the end of time? /S

Somebody has invented the profit printing machine!

What is wrong with bets? I am not in category of non believer and I know something about how all this work. My post is about possibility that one day bitcoin can be again $7500, so what's strange about it? People say that this will never happen again, and that is very funny since price is just $4000 from that, and one or two big dumps can reverse the trend.

You have to accept the fact that 100 people can have 100 different opinions about the same thing, but some people think that all should follow them and do what they do. Fortunately this is not the case in this twisted world.

You are not screwed if you bought bitcoin at $3000-$6000 price level because at least, you are making a profit if you sell bitcoin at $7550. But you will have a problem if you buy bitcoin at $7900 and the price is down to $7550, and you are selling fast. There will be a time for you to buy bitcoin at a low price again and you need to make sure you can see that price so you can buy instantly or placing an order at the market.

I hope you don't have to worry because you will see another chance to buy bitcoin and sell bitcoin in many times because bitcoin price will always change.

when you are making an investment you should consider the risks and rewards. that can happen by analyzing the potentials of the asset you are investing in and your speculation of the long term movements of it. basically you put a lot of effort in coming up with a plan to buy and sell at different times and with predecided amounts.
then comes the risks, which is when you made a mistake or something unexpected happens. in your case the mistake was selling at a wrong price because you were affected by the FUD in the media. there is nothing wrong with that. but your biggest mistake was staying inert after you made the mistake instead of attempting to correct it. which would have been as easy as buying back.

If you want to achieve something high , you need to set it high either.
When you feel this is the time, this is enough and finish but it's not , it's time for you to learn it.

Every trader have similar experience by the way !

My concern for selling is to sell with profit. So if you sold below your entering price, then you have definitely been screwed. But most times, patience is really worth. Comparing the price today, is almost double the price you sols.

Are you screwed when you sold all those at 7500?

You are regretting it now just because you are looking at the price. Try to see the brighter side. That is the risk of selling large amounts or never leaving anything.

Well that is how crypto currency goes and you will have to live with that.

Options are to buy again at this price and not thinking where you sell before. If it goes up then you are not screwed. ;D

calm down, not only you that sell BTC at prices below 8K. maybe now they still regret it and the possibility to buy back at prices below 8K is now almost impossible for now.maybe you can try investing in Alt with the funds that you have now.

You screwed up or not depends on what course Bitcoin was purchased.Now many can say that they screwed up when they sold bitcoin across price $ 1000 and $ 2000.Throughout 2018, everyone said that the price would be more expensive, but  one listened and sold. Now many are disappointed. You are to blame for this).But I have good news for You.The price will be even more expensive within 1 year.So keep bitcoin in your wallet as long as possible.

Have you benefited from your last action, selling your bitcoin at $7550? If so, you are not screwed. Yes indeed, it will give a little regret when we know that prices continue to move up after we sell our coins. But at least when we sell it, we have made a profit. All we have to do now is to wait for the correction to come and choose the right time to buy again. Tbh, we don't need to wait for the price to drop to $7500 to start a new session. Any price can be the entry point.

Yes you screwed and it happens to every one of us one time or another but don't wish it goes back to $7500 just move on and don't cry over spilled milk, just treat it as a hard experience, you are not alone on this, it happens to me many times, so just move on buy and hodl.

You are not screwed if you purchased BTC below $7550, you have earned the profit instead of losing your money, do not get greedy. Greed and fears are two most common enemies of a trader. detecting top and bottom of any cryptocurrency is difficult. Just be satisfied that you have earned some profit,try to find other opportunities of entering the trade in this bull run of BTC  instead of regretting your exit at $7550. Market is always there, even if BTC reaches at $50000, you will find the opportunities to enter the the trade, try to learn it do not regret.

Well, your not the only who got hanged and screwed up. But just keep watching the market. It will still turmed back to that price just don't lose hope. Anyway, how much did you buy btc back then? If you bought it at $3k and sold it at $7k, don't regret that you sold it. You still gain profits.

Maybe,  but one thing I know that you should not do is FOMO. Most newbie investors will try to catch the price when it is already on the top. Most of them end up buying on top and regret when the price corrects or falls.


Definitely and Sure are strong words. Remember that in crypto space nothing is really certain until it happens, especially when you are talking about the price.

Dont you read before you quote ? He says that he sold , he never said that he buys but we dont know if what price point he buy . if he buys lower than 7550 usd then he isnt screwed because he already earn some profit however if buys above 7550 usd then he is really screwed  because there is no other way to recover his funds once he sold it all  .

This is not about "trusting" bitcoin. The OP probably bought at $4K and he decided to sell at $7K, was that really a bad decision? Nobody knew exactly where the price is going. Last year, a lot of people are saying bitcoin will never go below $10K again and then what happened next? Those who "trusted" bitcoin got rekt so bad.

It depends if you bought at $3.5k then sold it at $7.5k+ the you are now screwed and you got a good profit, just wait for the dip again in the upcoming months because i think bitcoin will go back again at $7k range if you want to buy again.

Assuming you sold at a profit? If so, then it's a good thing and you are not screwed. Many people make mistake (including me) of never selling in a rising market and when it falls they sell.

I would suggest you to buy and sell in portions. That will keep emotions in control. Remember, you can never buy exact bottom or sell at exact top.

In comparison to the price that BTC has achieved right now, you are obviously screwed. That's almost $5,000 of lost gain. You have two options right now, buy back while the price is still at $12,000 and wait for the price to climb higher at possibly $15,000 to $16,000 in the next month, or wait for the correction after that before buying back. For now, I am positive that the green we have has a long way to go. The green is spread all across the entire market, not just BTC.

Bitcoin is currently going up so if the OP was still holding those coins bought at 7.5k he would be at a good profit. If they sell at 11k and then hold the fiat to buy the dip then he can recycle the money.

Of course I am hoping a dip to not happen soon and thus bull run to extend further, but being practical there had been many buyers are levels close to this so they will become sellers at this point. Seeing bitcoin break the 12k barrier would be great and it would be an indication that the bulls have been more powerful with their money than the bears. I would go long on this.

If you sell it in a much higher price than you buy, then you are not considered as screwed or loss. Dont mind those gaps of the value now because sometimes greed can lead you to much lower profit. Its a safe and a good decision you made and is nothing to worry about.

Just save your money and be patient bro.

This is why i don't like trading precisely, this kind of things happens and with this is more like the guessing game than anything else. If you're good at guessing it's really cool but i suck at guessing.

That is precisely what i want to do later in life.

It can happen since Bitcoin is unpredictable however, the possibilities of it to happen right now is very low.

Bitcoin is moving around 11-12k at this moment, very far from you selling price. Maybe it can go at around 10k in the next days but to 7500?? I don't think it will happen but who knows.

No one really knew Bitcoin will go up like this, It probably will keep going up, It'll go down at some point but not likely soon. Alts season still hasn't happened, I think it is after Altseason Bitcoin will peak and go down.

You did not listen to people that recommended to hold Bitcoin as it would gain soon. Why then you ask these questions? Yes, you were in a hurry to sell Bitcoin, and it was not the best decision. But all of us make mistakes.

I also sold part of BTC at that exact level 7,500.  Then kept selling tiny parts at higher levels so that my average sale price is higher that 7,500.  On the small dips bought tiny parts back.  Can’t really figure out if I am at loss or profit but feels great. 

In my opinion, that depends on how much BTC you have sold. If you sell up to 1 BTC, you're really screwed. Actually if you expect to get the BTC price that you have sold, it will be difficult. Moreover, maybe in this period BTC will be quite stable and people already awake how this worst so don't too much expect of the market going red again.

The crash? Hilarious. Based on current events, BTC will continue rising in price over time breaching its old ATH and reaching a new ATH and will stabilize itself unless something crazy happens which is why your prediction that it will crash is pretty dumb in my opinion.
[/quote]
I think he had some points there because i believe it will gonna go back to the most recent bearish price before or even more after a long bullish trend, just like what happened on 2017 bull run. But it will take more months or maybe even years to see that price again that's why it's pretty hilarious to think that it will gonna go back to that price right now. Bitcoin is in a bullish trend right now and no one can stop it yet until landed its destination which is breaking a new ATH before or after the halving.

 yep.  at 7550  you decided your dick could reach your ass and you fucked yourself. ;D


A little joke for you to gain some prospective.

Truth of the matter is  If you bought 10 coins at 3100 and sold 10 at 7550 you made 44500 never knock a profit bro.

Some  info on bull run selling.  

sell 10% at a level
say 1 of your 10 coins at 7500 plus.  9 left    31000- 7500 = 23500
say 1 more at 8000 plus --------------8 left    23500- 8000 = 15500
say 1 more at 8500 plus --------------7 left    15500- 8500 =   7000
then 1 more at 9000 plus--------------6 left     7000- 9000 =  2000 up on original 10x 3100 coins
then 1 more at 10000 plus -------------5 left   2000+10000 = 12000 plus

you would be 12000 ahead with 5 coins in hand.

bull run selling is easy.  ups and downs and bear markets are a bitch.

You not screwed you only made the wrong decision and probably sold outta panick, before you take another step to either jump in now or wait, I would urge you to carry out a research on bitcoin and know what it really is before you decide because if you really have a detailed info on bitcoin you wont have sold at 7550usd, waiting for bitcoin to go back to that price is like waiting for a plane in a sea port.

If you make a strategy, define some buying and selling points and you can make some money
If you sell at 7500 and buy again at 11.9k, and sell again on 13k, you'll make profits

But first make you plan, maybe you prefer to accumulate coins and not fiat

You had a chance to cover some of the losses when Bitcoin went below $10,000 per coin for a brief period of time. And that happened when some of the users decided to go for profit booking. Now the chances of such an event repeating looks very slim. Right now, the prices are inching closer to 12K, and this rally should take the exchange rates to the vicinity of 20K-25K by the end of this year. If you want, you can buy back your coins at 12K. To be honest, now it looks very unlikely that you'll get a chance to make purchase at 7.5K.

The post is not clear. If you were able to buy around March of this year, then you are not totally screwed. You have made a good deal of profit in just a matter of weeks. But then if you bought it when its price was above your selling price, then you are definitely screwed. But I guess you would not be selling without having made some nice profit. Perhaps you think yourself screwed because you didn't catch the more aggressive rally. You might want to catch the upcoming rise, hop in!

What? What do you mean? He said he sold his btc at $7550, that means he has the fiat, not the btc. I think it is better to wait for now than to invest again since that will make you lose more. Wait for the fall or maybe put that into other altcoins that might pump. You might want to analyze some price charts so you can get back some losses.

From that view, sorting and riding with the rise would be great as long as you are getting profits even in a small form it will still be profitable, you have to set up your plans and you need to handle the risk and pressures when things slightly differ from your plans.

This market can be friendly to those who understand the drill,, but for those who's not going to be able to make a good use of it, things can ruined and messed you up.

think positively, you should say it to yourself that you took profit @7550 instead
that will increase your confidence to re-enter and buy back some bitcoin
hoping to get price back to ~$7000 is way too much, I was hoping the same thing too
if you want to buy back, perhaps around ~$10k-11k would be a good re-entry point
but don't take my word on it, making investment decision should be based on your own research

If you buy $7.500 and you sell now the profit you get is definitely great. We know today Bitcoin is at a price of $11.238 and from this, it can still go up. I suppose you bought Bitcoin in a few months ago when Bitcoin conditions would grow. I guess now you won't be messed up because of the considerable gains.

Maybe screwed. :(

I sold 13 BTC at $3,965 USD price and watched it go down to $3,200 or so Bitcoin. Was feeling pretty good I got out at that price when I saw that. Er..not so much now. :(

I managed to sell some equipment and get 3 BTC back, but I'm 10 BTC down that I will be unlikely ever to recover. Them's the breaks. Bitcoin: You merciless bitch! :)

I'd say the odds of Bitcoin going down to say $7,500 are about the same odds as Bitcoin going to over $30K.

Both are longshots indeed.

I only seem to get into trouble with Bitcoin since 2013 when I SELL, you'd think I'd figure it out by now and just go f*ck and go for it.

Triumph or Tulips!

(should be my motto) and then just forget I own Bitcoin for the next 5 years.

So the key here in HODL'ing is to call all this 'excitement' rather than 'stress' on the usual month by month Bitcoin drama of fud/price/fakesatoshi and the usual.

See, whee...exciting :) 

Ack!

Brad