Journey to Hell, With Bitcoins

[cryptocoinplay]

I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover    

[Bitsbytes]

Bitcoin is dropping likely because of the soft fork. This drop in price is likely temporary. The best thing to do is leave the Bitcoin alone for a few months until it goes back up again. Bitcoin should rally after Aug 1st   

I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover    

[Yakamoto]

I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover    

Welcome to the network and Bitcoin bud. The market is volatile, requires attention, and you should never expect for anything to stay the same for long. It will go up or down but there will be something happening one way or another. The thing you should have done was put it into an exchange and set up a stop-loss order for your money so that you wouldn't lose out too much when the market went down. Now, you're in a position and you're probably boned for a while. $1k is doubtful but always possible.

[Pursuer]

I've seen you ask this multiple times, and still are asking the same thing.
your first mistake was getting greedy. I see from your other topic you kept dreaming of $3000. instead you should have cashed out some and kept the rest.

your second mistake is asking random people on the internet instead of doing your own research. and also from the responds you received so far it seems to me like you only chose to listen to those who said it will rise instead of others.

now here is what I say. price may rise or it may fall. it is up to you to decide how much risk you want to take. if you sell now price may go up and break $3000 and reach $5000 by the end of this year.
if you don't sell price may fall and reach $1500 by the end of this year.

all we know is that the current drop down to $2000 is because of a fear of split.
we also know that nobody wants a split, not the investors, not the miners, not the services, nobody wants it.
we also know that SegWit has a very high support these days (above 90% in total).
we also know it will be activated one way or another in August. the BIP148 despite all the drama is forcing the hands of the miners.
and with a high support the risk of a split is nearly zero.

[Vaskiy]

One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.

[cryptocoinplay]

I had just left the hope, all money is gone...

[Argon2]

I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover    

Bitcoin is horrible for paychecks unless you can dump it ASAP then you are on the hook until the next correction. Your only choice is to hold it until the next correction most likely after August 1st.

[hilariousetc]

Why ask what bitcoin will do?  Do you think people can give you an accurate prediction?  Nobody can so all is utter speculation based on opinion. Bitcoin goes up and bitcoin goes down. It then goes down and up. Bitcoin is still likely to fall further because as usual idiots get scared by change and they're worried about the fork so they panic sell hence the crash. It's probably going to go even lower nearer or soon after the actual fork date but if you hold your coins for a period of time it will likely recover eventually but there is no guarantees. If you need the money I'd cash out when you can but if you're in bitcoin for the long-term just hold and ride it out because there will always be ups and downs you gotta get through with bitcoin.

[Argon2]

One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.

Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher.

[izanagi narukami]

People are doing some preventation to anticipate 1 Aug but I think it's normal since they also fear it will affect on bitcoin value.
But for me personally , I still keep most of my bitcoin by holding no matter what happen until it reach another halving on 2020 so relax , I'm sure after 1 Aug the value will be normal once again

[cryptocoinplay]

One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.

Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher.

At that time, fan guys of BTC's were shouting for more up BTC/USD price...I was greedy obviously and lost enough.

[Anegg]

I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover    

Firstly, I would definitely recommend taking bank transfers or PayPal money or any other form of payment for your job. Bitcoin isn’t at the stage yet where it is too be used as a payment method for your income. It is just too risky and it is meant to be a investment and not something like that. Well Bitcoin has fell to around 2000 USD now and it seems to be continuously falling but I would still not sell. August the first is coming around, and after that, the price should surge back up to around 2800 USD. Keep believing!

[Doms]

It's not an actual loss until you decide to convert it to fiat. What I would do if I were in your situation is just to hold on to much of that amount and wait out until there's more stability. The price has shown over the years that it can rebound after dips, but you must have the patience. Again, always easier said than done but that's the most logical thing to do right now, at least for me.

[A.H.Rassel]

One who freezes about the value fall ought to never keep it long as BTC. Operation ought to have changed it to fiat once in the wake of getting it in light of the fact that the cost increment and abatement are not arranged too it occurs in a hurry. Maybe a couple get benefitted and few find the opportunity to offer low, which can be overwhelmed by holding and offering when cost increments obviously

[krishnapramod]

I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover    

You aren't in favor of bitcoin, your client paid you in BTC for your hard work, $3000, guess your client had no other option, but you had, you could have converted it to to your local currency with a minimal fee at that point in time. But you didn't, you favored bitcoin by expecting in short-term holding bitcoin would add a few additional dollars to your income, but it didn't. Welcome to bitcoin. Sorry for being blunt. Just hodl and wait, you wouldn't be disappointed. Keep earning.

[olubams]

I'm not a Fan Guy of Bitcoins.
I had received payments of $3,000 for my work from client and which was hard working money while the BTC/USD price was $2700+,
And as other's were expecting the price would push up to $3K+.

Now its Going down and down and I can only see Red Candles and no support levels in the BTC/USD chart,
Guys I'm really confused what's next. Will the price go down to $1K? I'm on a Massive Loss...Don't know how to recover    

Guy, you are not the only one involved here as several people are in the same dilemma its what you sign up for by default the moment you accepted to receive your payment in btc with the hope of it to increase. The only option you have now, is either to sell and count your losses or simply wait  which might be for a long time because no one knows the future but I would advise you wait, it has happened before and its happening again.

[Herbert2020]

One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.

Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher.

At that time, fan guys of BTC's were shouting for more up BTC/USD price...I was greedy obviously and lost enough.

at that time nobody knew the split is going to become a big FUD because nobody had a time machine to see the future. and if this FUD about the split never became big and people didn't take it seriously then price would have only had a small correction back to $2500ish and by the end of the year price would have been nearly $3000.

but things changed. the FUD became bigger, and nobody cared enough to check the reality and they all decided to believe what they read from a comment and panic sell their coins.

if you want to blame anyone, blame the idiots who don't know the difference between a fork or a split but yet give opinion about everything related to those.

[CryptoBry]

You should have converted your Bitcoin when it was at least in the $2500 level so that loss was just minimal. Right now, it is getting to be lower than $2,000 and I am sure the rate can be dropping more. Now, if you are a risk taker, there is a big possibility that after August 1, the value would get back to surge. Maybe you just have to wait.

[Joel_Jantsen]

Simple,Bitcoin isn't for you along with all the traders who think bitcoin is bad just because the price is falling down.You shouldn't be using bitcoins in the first place.The price comes off due to the panic selling and suddenly people lose their minds,as if you have put in efforts to take bitcoin where it is today.
You've suffered a loss? Good,don't expect the market to work in your favor 24*7.

I'm not a Fan Guy of Bitcoins.  

GTFO

[AGD]

One who panic about the price fall should never keep it long in the form of btc. Op should have converted it to fiat once after receiving it, because the price increase and decrease is not planned as well it happens on the go. Few gets profited and few gets the chance to sell low, which can be overcome by holding and selling when price increases as expected.

Yes, OP's main mistake was he was speculating with his paycheck thinking it would go higher.

At that time, fan guys of BTC's were shouting for more up BTC/USD price...I was greedy obviously and lost enough.

Hold and you'll be happy in a few years.