Am I screwed?

[philipma1957]

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

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


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.

[enogheghase123]

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.

[rdluffy]

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

[Vishnu.Reang]

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

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.

[Getmon]

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!

[FlightyPouch]

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

you are not screw, maybe you can wait until the prices are higher than $ 7500 and you can wait for bitcoin to get to the position of $15k and be able to profit for you

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.

[Caladonian]

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

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.

[Thirdspace]

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

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

[kisfoxs]

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.

[Searing]

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

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