Advice please on what to do with my coin

[fanbeila]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Just have some more patience.Now the price has almost recovered from $1850 to $2750.If you wait,then you could recover your losses and at the same time,even you could get huge profits since bitcoin price is expected to rise more after august 1.

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[iamaruf]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Don't worry it will pump that you can not imagine.Don't sell bitcoin just hold your bitcoin. If you sell your bitcoin with 20% loss,you will cry after few days when bitcoin will be more than 3000$. Just wait and hold tight your bitcoin

[JimmieA]

According to me, now you should wait. Btc prices are starting to rise. Today the btc price is $ 2750. And it will continue to increase, especially after August 1. You lost 20% and if you sell it will not get back. So you should wait. Just a short time later I think you will get back the lost 20% and maybe have the profit.

[Donaldturp]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Don't worry it will pump that you can not imagine.Don't sell bitcoin just hold your bitcoin. If you sell your bitcoin with 20% loss,you will cry after few days when bitcoin will be more than 3000$. Just wait and hold tight your bitcoin

Bitcoin can decrease down to $2000, but this is not the deal. The deail is if he waits enough, the price will rise again for sure. If you don't need emergency money, never sell when in loss.

[wuvdoll]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Don't worry it will pump that you can not imagine.Don't sell bitcoin just hold your bitcoin. If you sell your bitcoin with 20% loss,you will cry after few days when bitcoin will be more than 3000$. Just wait and hold tight your bitcoin

Bitcoin can decrease down to $2000, but this is not the deal. The deail is if he waits enough, the price will rise again for sure. If you don't need emergency money, never sell when in loss.

I will suggest him the same. Bitcoins are very precious. It’s really wise to hold onto bitcoins when the prices are low and cash them out when prices are pumping. Be careful with how you use your bitcoins. They are the most expensive and precious digital coins of the crypto world. But yes, if there is any serious emergency, do cash them off.

[klf]

According to me, now you should wait. Btc prices are starting to rise. Today the btc price is $ 2750. And it will continue to increase, especially after August 1. You lost 20% and if you sell it will not get back. So you should wait. Just a short time later I think you will get back the lost 20% and maybe have the profit.

Yes, once we sell our coins only should consider losses or else it is not a loss because still got a chance to make a profit. I suggest if you got some more funds it is better time start buying in small quantities to average down your coin price. Don't sell it now unless if you need of funds very urgently because surely you will get a chance to sell your coins at higher prices.

[noictib]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

In this field you always needed positive and negative thinking , The main reason behind this factor is that the most of the coins getting down but less no. Of the coins increase in price daily .
But this is also a truth that particular coin will rise in price in one or two month , so more better to buy those coins which are at low rate .
And here you made a mistake that I think made buy the coin at high price , but still you don't need to be negative for your loss because one day in the year or month or in week will come where the price will be much better for that coin and you will.make profit by sell the coin .
So 20% loss is not a big loss , just wait until the price get up and don't get panic to sell the coin because it is that time when you need much patience to hold the coin .

[Trela]

According to me, now you should wait. Btc prices are starting to rise. Today the btc price is $ 2750. And it will continue to increase, especially after August 1. You lost 20% and if you sell it will not get back. So you should wait. Just a short time later I think you will get back the lost 20% and maybe have the profit.

Yes, once we sell our coins only should consider losses or else it is not a loss because still got a chance to make a profit. I suggest if you got some more funds it is better time start buying in small quantities to average down your coin price. Don't sell it now unless if you need of funds very urgently because surely you will get a chance to sell your coins at higher prices.

Well, this is best choice for the happens in current.
Example: When the price of Bitcoin falldown to under $2000 and create panic on crypto market make most altcoin are falldown to lowest price, even drop down under Bollinger Band very far. If this time you use 30% your funds to buy altcoin and Bitcoin, you will have profit 50-100% after some day.

[GeniusAko]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Hold it for long moment. It is normal that the value of the coin is going down and going up. We all know that most of the cryptocurrency are volatile means it is suddenly changes. I prefer to you to do not panic and hold your coin for long time.

[HiddenOrchid]

Transfer your BTC to a safe wallet, forget about them for 2+ years, return then and be happy seeing the future BTC/USD rate!

[Fatunad]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

If you did still hold as of now then im sure you are on breakeven on those last days when price do hits up 2800 again or even on profits. Hopefully you did sell on those pricepoints when you do see you are on profits which is common thing to do when we are already seeing some gains. If you did sell and cut loss then its sad since price will always rebounds back when theres a dip which is normal on bitcoins price.

[Krillin61]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Just have some more patience.Now the price has almost recovered from $1850 to $2750.If you wait,then you could recover your losses and at the same time,even you could get huge profits since bitcoin price is expected to rise more after august 1.

Indeed, it is better for you if you wait and hold you bitcoin for a long time especially after august 1. Because I'm pretty sure that soon bitcoin will have an enormoous value. I believe that "patience is virtue", the more patience you have the more profit you wil get.

[harizen]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Basically you just invest without any knowledge of those risk associated when buying bitcoin. What kind of person you are just putting up money into investment without worrying too much and now look at you, instead of comfortable you are now worrying. Sorry for being sarcastic but use your common sense. If there's no price decrease then maybe we are all hoarders today and will just take an easy way to become rich.

We all have positive thoughts about bitcoin and it's expected high price on the future. If you will just based on that 20% drop then try to learn more. Considered the money you put in bitcoin as loss so that it won't stress you.

[Barbut]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Basically you just invest without any knowledge of those risk associated when buying bitcoin. What kind of person you are just putting up money into investment without worrying too much and now look at you, instead of comfortable you are now worrying. Sorry for being sarcastic but use your common sense. If there's no price decrease then maybe we are all hoarders today and will just take an easy way to become rich.

We all have positive thoughts about bitcoin and it's expected high price on the future. If you will just based on that 20% drop then try to learn more. Considered the money you put in bitcoin as loss so that it won't stress you.

Don't be to hard to him, in the end he made a profit cause bitcoin price is where it was before drop. He is not aware of it, but he was very lucky cause bitcoin price recovered so fast.
Instead pushing him around try to learn him a bit more about good timing for trading, when is good to buy and when to sell. No one is born with knowledge, share your knowledge with people around you and here. I know that OP is lazy ass, and he could find many similar threads, but new people will never learn to be more active. We cant do much about that, except to not get annoyed and to try to be helpful.

[Babyrica0226]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

[Babyrica0226]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Just have some more patience.Now the price has almost recovered from $1850 to $2750.If you wait,then you could recover your losses and at the same time,even you could get huge profits since bitcoin price is expected to rise more after august 1.

yes, that's right...Be more patience in waiting. Besides, because of the volatility whether the price value upside down, traders should not worry about it. So in your case be still and calm okay.

[melted349]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Just have some more patience.Now the price has almost recovered from $1850 to $2750.If you wait,then you could recover your losses and at the same time,even you could get huge profits since bitcoin price is expected to rise more after august 1.

yes, that's right...Be more patience in waiting. Besides, because of the volatility whether the price value upside down, traders should not worry about it. So in your case be still and calm okay.

For as a trader that would be the appropriate attitude will be for being patience and dont panic when there is a time that some coins goes down or dump but not really. So keep it up so you can get what you get loss next time.

[Silvercell]

you can sell your coin on your balance now,and switch them with other coin with same price or little higger which have more bright potential to rising. dont try to switch with popular coin like doge etc, that coin have stabilized price,so you need more time if you switch your coin now with popular coin

[PokerFace3]

you can sell your coin on your balance now,and switch them with other coin with same price or little higger which have more bright potential to rising. dont try to switch with popular coin like doge etc, that coin have stabilized price,so you need more time if you switch your coin now with popular coin

Selling off altcoins and investing into bitcoin is the advice you can find through out this forum. Other than bitcoins, we may go for few highly established altcoins but I am sure we must be having very less number of altcoins to which we can trust for investing with. I am also holding bitcoin and few top altcoins.

With bitcoins and top altcoins, we all do need to do right now must be, keep up faith high and must continue holding them. Even altcoins may not show big bump in coming days, along with bitcoin appreciations we can see top altcoins also will be valuing high.

[knightmairesaint]

Hi, new to bitcoin, I invested some money into bitcoin mid June after seeing all the hype online, since investing it's dropped like 20% really not sure what to do now if I should sell up now take a 20% loss or hang onto it and hopefully it will go up again? But after reading the news looks like it's not going to go back up?

Sorry for sounding stupid just jumped into something I didn't no anything about.

Thanks

Just have some more patience.Now the price has almost recovered from $1850 to $2750.If you wait,then you could recover your losses and at the same time,even you could get huge profits since bitcoin price is expected to rise more after august 1.

yes, that's right...Be more patience in waiting. Besides, because of the volatility whether the price value upside down, traders should not worry about it. So in your case be still and calm okay.

For as a trader that would be the appropriate attitude will be for being patience and dont panic when there is a time that some coins goes down or dump but not really. So keep it up so you can get what you get loss next time.

Right, the trading market will surely play with you and especially with your emotions that you should be able to control yourself sometimes. The volatility of the coins can drive you crazy because you will never know if when is the right time to do trading well. Anyways, trading surely gives a big profit if you got lucky at that time.

Patience is a main key in trading and along with it is the necessary need to learn how trading works and understand it. Many newbie trader just like me have lose a chance for bigger profit when we ignore the previous market prices.