Advice please on what to do with my coin

[Etoboss]

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

[1715201869]

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[Bowly88]

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

No that's not the way it will be done. You need to trust the bitcoins, they will rise up I'm sure of it. Don't sell it yet will a 20% loss thats a big money you will lose. Wait for it, just hold it for a long time. It will rise again for sure.

[Etoboss]

Hi, many thanks for the reply I feel better now lol. May just have to sit on it then. Every time I check it's down and down and down I just need to stop checking and wait

[Zero1One0]

Hodl!!! Given it's sudden rise, it may lose 20-40% more in the coming months but it will come backup.

While hodling it, make use of it to create more BTC by lending it thru exchanges - poloniex or bitfinex (that is if you only plan or have it in BTC).

Are you totally new to crypto with no experience in trading (stocks, bonds, etc)?

We all started as noobs. All we have to do is ask. But be wary of scammers as well.

[mattermaster]

It is an another mistake you invested in a hyip scheme!
I do not think you need to cashout back because you already have lost all the investment you deposited!
Do not be panic, it was a lesson for you to understand the scammers

[ethereumhunter]

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 still have bitcoin then you should not worried if your coins is down because after this, we can see altcoin will rise. if you sell right now, you only loss, i only suggested you can hold it for a while if you can. altcoin down is because of bitcoin price need to determine new price after segwit and we need to waited. i am sure that altcoin will go up back and reach the new level price.

[guoyu78]

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 still have bitcoin then you should not worried if your coins is down because after this, we can see altcoin will rise. if you sell right now, you only loss, i only suggested you can hold it for a while if you can. altcoin down is because of bitcoin price need to determine new price after segwit and we need to waited. i am sure that altcoin will go up back and reach the new level price.

I agree with you totally. It was expected that prices will fall down but it’s the time to show real patience. Hanging onto coins for few more months will pay you off more than your expectations. If you want to be a good trader, don’t get panicked by fluctuations in the prices.

[avatar_kiyoshi]

It's all about segwit, I'm sure people waiting the momentum for segwit event, I think just hold your coins, keep your coins in the safe place and see the instructions for prepare segwit.
Don't be a panic sell.

[ethereumhunter]

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 still have bitcoin then you should not worried if your coins is down because after this, we can see altcoin will rise. if you sell right now, you only loss, i only suggested you can hold it for a while if you can. altcoin down is because of bitcoin price need to determine new price after segwit and we need to waited. i am sure that altcoin will go up back and reach the new level price.

I agree with you totally. It was expected that prices will fall down but it’s the time to show real patience. Hanging onto coins for few more months will pay you off more than your expectations. If you want to be a good trader, don’t get panicked by fluctuations in the prices.

you are right, the most important is we don't have to be panic. actually from this situations, beside we are learning to be patience, we can see how the coins movements in the market because of bitcoin volatile. if we can take a lesson, i am sure that we can still make profit from altcoin and no matter the coins is up and down, we can followed.

[ss890]

Don't worry you are not being stupid but you are being careful with your bitcoin which is good. The thing is you don't have to go all cray at this point. Just stay calm and keep your bitcoin as it is online. Make sure the wallet you choose is completely professional and is old. This is to make sure you are money is completely safe. And wait for the current situation to pass on. Bitcoin will rise again and will make you stand in good position. :/)

[The Sceptical Chymist]

You're not stupid, OP, but apparently you're very inexperienced in trading.  I've seen numerous threads lately about the price drop we've been seeing, and noobs who've never experienced this before are acting like a deer caught in the headlights.  My advice would be to just hold on--don't sell--and wait for the price to rebound, which it will.  And when we have enormous downward price swings, look at it as a good buying opportunity.

For real, you probably bought at bitcoin's all-time high.  What did you expect?  If you'd been paying attention to the market in 2013 you would have seen this before and realized that a drop of 50% or more is totally expected with bitcoin.  It's a crazy, volatile market.

[sweetbet]

Hold onto it. It will most definitely go up. If not next month, then soon afterwards.

[Idrisu]

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

op the simple advise to you is hold. Never sell it now, if you do you will lose and if you hold you will sell in future at the high profit. There is a speculation that bitcoin will touch $10,000 before 2025! The cryptocurrency is still at the infancy stage and the potential is great more than we can see now. Don't sell rather buy now if you have some risk capital.

[BitcoinSupremo]

If you say you have invested then there is no good reason to sell now with a heavy loss like 20%. Bitcoin will recover right after a few days after August 1 when everything will be settled. Many countries are trying to legalize bitcoin like India being the latest after Japan and Australia. In the long run the price of bitcoin should go up significantly so I suggest to you to keep your bitcoins and wait calmly until the price goes up.

[Andre_Goldman]

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

overall the technology behind bitcoin is solid, it makes people optimistic.. so the market will recover eventually ... if you do not need to cash out your bitcoin to pay your day to day bills you can 'go long' sit in your bitcoins and wait. In the other hand the market community like exchanges, brokers, financial institutions, professional traders they have no choice ... they need to be in the battle field no matter what ...  

One of the few advantages of a private trader over an institutional one is that we can trade or not trade when we like. We have the luxury of being free to wait for excellent setups. Unfortunately, most of us, in our eagerness to trade, throw away this amazing advantage.

--Trading for a Living, Elder

 

I see a lot of people pissed every time the bitcoin price drops. They bought bitcoin at $2700, and now seeing  almost 30% of their investment disappear in the fog ... they feel trapped. It feels like the market took your money compulsorily and said I will payback somewhere in the future ... if you cannot handle it you can change sides 'go short' hoping bitcoin price hit the ground  ...  

[Potato Chips]

Why are people investing on bitcoin without even knowing the basic things about it? i'm not saying that you've made the wrong choice but you guys should be careful on what

you do with your money. make sure you know all the things about and going around with it. now going back to the topic. a downtrend is normal for bitcoin, for all

cryptocurrencies as well. isn't it too fishy if it was always rising. you lose if you sell early. if you're gonna go for long term much better, less risk and bigger profit.

[joshy23]

You're not stupid, OP, but apparently you're very inexperienced in trading.  I've seen numerous threads lately about the price drop we've been seeing, and noobs who've never experienced this before are acting like a deer caught in the headlights.  My advice would be to just hold on--don't sell--and wait for the price to rebound, which it will.  And when we have enormous downward price swings, look at it as a good buying opportunity.

For real, you probably bought at bitcoin's all-time high.  What did you expect?  If you'd been paying attention to the market in 2013 you would have seen this before and realized that a drop of 50% or more is totally expected with bitcoin.  It's a crazy, volatile market.

Yeah. specially with the current situation, its really going crazy and a lot of investors going ga-ga over it. I hope the OP can really learn a lesson or two in this volatility of bitcoin. If you are trapped then just hold on it. Don't do anything stupid with your coin but instead hold because the possibility of the price going to rise in the future is positive. So just stay calm for a bit and be patience. On a positive note, bitcoin has somewhat recovered today and just above $2000, almost 5% increase the last 24 hours.

[javeed1]

BTC
Keep hold your Bitcoin long term and waiting for Market value Price up
this is Less Risk and Bigger Profit BTC

[okissabam]

The best thing you should do with your coin is to hold on to them and wait. If you can't handle the prices you see in the market or in the trading sites then I would suggest for you to stay out of it for the meantime. Just make sure to secure your coins too so it won't get lost.

[aishyoo17]

The best thing you should do with your coin is to hold on to them and wait. If you can't handle the prices you see in the market or in the trading sites then I would suggest for you to stay out of it for the meantime. Just make sure to secure your coins too so it won't get lost.

I agree with you staying out of the market for a while is really helpful because if you keep on watching what is going on then your emotions will take control of everything. It is normal for a newbie to feel bad or worried about what is happening now, but you have to trust bitcoin it may take a little while for it to bounce back but it will for sure so just be patient as of now.