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Author Topic: Those who purchased at $1000  (Read 2293 times)
randy8777
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June 02, 2015, 10:13:59 AM
 #21

I can't believe that there are still people holding who bought at $1000. I can't figure out why people insist on riding their losses all the way to the bottom. If that's not bad enough, a lot of people then finally give up and sell at the bottom right before a big rally. Makes no sense.

no need to sell. if you sell and the price goes back up again you'll surely feel like a big loser for the second time. holding these coins is the better option.
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gentlemand
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June 02, 2015, 10:47:23 AM
 #22

I can't believe that there are still people holding who bought at $1000. I can't figure out why people insist on riding their losses all the way to the bottom. If that's not bad enough, a lot of people then finally give up and sell at the bottom right before a big rally. Makes no sense.

If our $1000 buyer is still around after all this time then they're likely to be ready to down with the ship.

I don't think many people expected such a brutal and drawn out decline. It's easy to have called it in retrospect.


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June 02, 2015, 11:54:11 AM
 #23

I hate to say it but if somebody bought bitcoin at $1000 and kept it this long, he/she should never invest in any market ever again.
$1000 was a big bubble and if anyone didn't know that by then, they should've knows after the first decline in price, sold, gathered their losses and bought back in again.

gentlemand
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June 02, 2015, 11:56:30 AM
 #24

I hate to say it but if somebody bought bitcoin at $1000 and kept it this long, he/she should never invest in any market ever again.
$1000 was a big bubble and if anyone didn't know that by then, they should've knows after the first decline in price, sold, gathered their losses and bought back in again.

I'm willing to guess that for many it was their first ever foray into any type of market.

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June 02, 2015, 12:33:42 PM
 #25

I hate to say it but if somebody bought bitcoin at $1000 and kept it this long, he/she should never invest in any market ever again.
$1000 was a big bubble and if anyone didn't know that by then, they should've knows after the first decline in price, sold, gathered their losses and bought back in again.

Most people that didn't know Bitcoin well enough were chasing insane profits. For these people it was a very costly lesson.

One look at the chart back then would be enough to realize it was a horrible time to buy Bitcoin at that level.

They don't know the saying; Buy when people are dumping like crazy, and sell when people are buying like there is no tomorrow.

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June 02, 2015, 12:54:35 PM
 #26

Paper gains and losses are imaginary until you sell.
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June 02, 2015, 01:02:31 PM
 #27

I hate to say it but if somebody bought bitcoin at $1000 and kept it this long, he/she should never invest in any market ever again.
$1000 was a big bubble and if anyone didn't know that by then, they should've knows after the first decline in price, sold, gathered their losses and bought back in again.

Why? It's more stupid selling at a loss because that's not making you any money and so holding is the only option currently. Most people expected bitcoin to rebound so didn't just dump at the first site of panic but I think those who have patience will be rewarded eventually but bitcoin is definitely no good for shaky/weak hands. Let's see what the bitcoin value is in 2-5 years. I'm sure people will be glad they held then.
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June 02, 2015, 01:12:08 PM
 #28

I hate to say it but if somebody bought bitcoin at $1000 and kept it this long, he/she should never invest in any market ever again.
$1000 was a big bubble and if anyone didn't know that by then, they should've knows after the first decline in price, sold, gathered their losses and bought back in again.
and what if there will be another "bubble" after they sell on 200 dollars will you then say it was a good idea to sell?

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June 02, 2015, 01:43:33 PM
 #29

What are you thinking about now? I would hate to be in your shoes at least when I purchased my share in Bitcoin they were below the current price but I do regret not selling at least 25% at $1000 now.

yep, that's the most frustrating part. when you look back at the 1000$ price.
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June 02, 2015, 02:00:31 PM
 #30

What are you thinking about now? I would hate to be in your shoes at least when I purchased my share in Bitcoin they were below the current price but I do regret not selling at least 25% at $1000 now.

yep, that's the most frustrating part. when you look back at the 1000$ price.

There is a pretty decent possibility that BTC passes the 1k mark again and never goes below 4 digits again.  Once the house of cards starts to come down... PM's will reach those insane levels people were preaching about.
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June 02, 2015, 02:04:34 PM
 #31

for every winner there is a loser.


Eehhh no.. I think you don't understand Bitcoin yet...

oh yea i forgot, everyone at any price is an early adopter. BTC to $1m!!!!!!!!!!!!!!


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sgk
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June 02, 2015, 02:13:43 PM
 #32

What are you thinking about now? I would hate to be in your shoes at least when I purchased my share in Bitcoin they were below the current price but I do regret not selling at least 25% at $1000 now.

I bought a single Bitcoin at $1000+ level, but I kept accumulating what I could during the gradual price decline.

All that time I knew about the risks involved if the price continued to decline (and also the 'opportunities' involved if the price shot back up). And I invested only what I could afford to lose. So there is really no reason to complain or whine about it, I just chose to play a gamble and I was always ready to take a hit. So no surprizes here. I never sold any BTC and I still have all I bought ever.

I still don't see the point in selling nw, especially when my buying price was higher than current price.
If I sell now, I am certainly making a loss. - And I invested only what I could lose, so no worries.
If I HODL now and if there is any chance the price will shoot back up, I am making no loss, so no worries.

JUST HODL AND BE HAPPY.

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June 02, 2015, 02:37:13 PM
 #33

I have a couple of friends that bought some at the ~$1000 level.  They weren't interested back in 2011 when I was telling everyone and their aunty about it, but once they saw it get a bit of traction (north of $200) they got interested, delayed and hesitated.  It took time to get cash to an exchange just as the price started to go vertical, and make wallets for them and hand hold them through the process (they wanted me to sell me some of mine, but since they're friends I said I wanted to stay out of the deal and not mix friends and money).

Anyhow, they're still holding, and I guess by now they're resigned to either seeing it go to zero or to something substantial without getting into a panic trade like they did last time.

I accepted 100BTC as part coin part cash for a business transaction around the $100 mark a short time before all this, but sold them on same day via localbitcoins as I needed the cash.  I really wanted to hold onto them, but it would have imbalanced my portfolio since I'm not particularly wealthy.  Hindsight can sting sometimes.



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June 02, 2015, 02:44:58 PM
 #34

Everyone hates Mark Karpeles because of the MtGox losses but really you never would have seen $1000 prices without him. Everyone including myself that sold on the run up to $1000 should be thanking him. It took me three months to transfer all the cash I made out of BTCe. We should convince a current exchange operator to do that again and clean up one more time. If we can't figure out a way to artificially pump up the price we aren't likely to see $1000 again for a very long time.

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June 02, 2015, 05:05:20 PM
 #35

I hate to say it but if somebody bought bitcoin at $1000 and kept it this long, he/she should never invest in any market ever again.
$1000 was a big bubble and if anyone didn't know that by then, they should've knows after the first decline in price, sold, gathered their losses and bought back in again.

Despite the obvious remark of their loss.

Whos to say if it can actually be a still decent price point to get in still, what if you see bitcoin back to and over that price.

I`m aware bitcoin has been around 6 years now, but what if he can still come back the fact he held so long similar to the apple stock remark.
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June 02, 2015, 05:13:44 PM
 #36

Well, regret won't get us to anything good. And as long as we people try to use BTC only as a quick way of profit it will never achieve the ultimate goal. Let's hope the price keeps at 1000 mark if it ever reaches that point.

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June 02, 2015, 05:50:30 PM
 #37

Probably holding I guess? I hate to say this but those who bought during those stages are blinded by profits. Anyone who has some simple knowledge about how trading works could probably smell that this isn't a natural move by the market. I wasn't aware about bitcoin back in 2013 but looking back at the chart, If I knew bitcoins back then, I would probably not risk any of my money to buy during those stage.

What exchange would be the next mover to the $1000 range? I believe that without artificially pumping the price, we may never see $1000 levels again for such a long time.

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June 02, 2015, 09:54:25 PM
 #38

If they didnt sell when it was dropping, I think they dont see it for short term.

What they see is probably something else, and prob more into where it can go rather then price.

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June 03, 2015, 08:05:45 AM
 #39

you can tell pretty clearly what they are thinking with all the recent troll that are spamming this board, i think falling is one of them, one of those that bought at 1200 and want his revenge on this

others intelligent guy that are still in the game, and that did not sold at loss have two possibility now, holding until their "bought price", or buying even more for sustaining their investment and don't let the price falls even more
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