need some advice!

[sahil654]

Hey guys I have just started buying btc recently. I created my account on Unocoin. And bought 5k worth of btc @ around 178k and it went up to 190k and I bought btc worth 5k again and recently btc price crossed 2000$ and price on unicorn went upto 228k and I was pretty happy with profit in such a less time and I bought 5k worth of btc more expecting it would cross 300k but the recently the price went below 170k. And I just want some word of advice from you guys

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[newIndia]

Hey guys I have just started buying btc recently. I created my account on Unocoin. And bought 5k worth of btc @ around 178k and it went up to 190k and I bought btc worth 5k again and recently btc price crossed 2000$ and price on unicorn went upto 228k and I was pretty happy with profit in such a less time and I bought 5k worth of btc more expecting it would cross 300k but the recently the price went below 170k. And I just want some word of advice from you guys

Just HODL for now. At least till the end of 2017. There may be a turbulence around August 1, 2017. Dont get flooded by the FUD at that time.

[WINBC]

Just remember to not invest more than what you can afford to loose. The crypto market is very volatile and its difficult to predict anything. Be prepared and watch the news and market if you wanna stay in the game. Start of with a small amount so that you can get used to the market and don't mind if you get a small loss, it will teach you to be prepared for anything.

[cryptologies]

If there's anyone who has made money in this industry - they are people who buy and FORGET. Just think of it is a lost investment and came back after 1 year, you'll be surprised

[newinbtc]

If there's anyone who has made money in this industry - they are people who buy and FORGET. Just think of it is a lost investment and came back after 1 year, you'll be surprised

Right Words, One of mine Friend bought Bitcoins last year @ 60K rs around about and this year when suddenly he check the wallet he shocked to see the price , Price almost 2.5X then he bought last year.. , Actually he was old trader , he sent tranx to someone but it come backs due some reasons after a month as per record....


Just invest in bitcoin now at 2000$ and forgot about 2 year , come back and see magic

[Smarty14392]

I would sugest you to sell some of your minimum bitcoins for now to recover the investment because for now the btc price is hiked up. You can hold some coins with you and wait till they are increased according to your desire.
you should have patience to earn money. As mentioned above bitcoin markets are unpredictable. Just cover the investment and wait till the price is hiked again.
You should have the capacity to bear a loss in trading.
If you are satisfied you can lock the post.

[bitcoinisbest]

OP - Since you are a newbie into this and do not have much experience always have some target and when you met this price always sell it. Because btc is very volatile it may take a dip and you may lose all your profits in a short time itself. We have seen this volatility in past as well but for you it may be new and you do a panic selling.

[sumit513]

Hold. Buy bitcoins more often.

[sahil654]

Thanks for the help guys

[Benson Samuel]

This happens a lot in BTC. Once you miss a price prediction, consider yourself stuck for while atleast.
Especially if your prediction was towards the higher side of a peak rise.

Holding is one option.
Another option is to keep buying more each time the price drops to bring down your total average price.
So,

1 BTC @ 10K INR
1 BTC @ 8K INR

Will immediately drop ur average from 10K INR to 9K INR

Once your average drops below the current price, you sell and profit.

[sahil654]

This happens a lot in BTC. Once you miss a price prediction, consider yourself stuck for while atleast.
Especially if your prediction was towards the higher side of a peak rise.

Holding is one option.
Another option is to keep buying more each time the price drops to bring down your total average price.
So,

1 BTC @ 10K INR
1 BTC @ 8K INR

Will immediately drop ur average from 10K INR to 9K INR

Once your average drops below the current price, you sell and profit.

Thanks for your advice.