Journey to Hell, With Bitcoins

[SMSabuj]

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    

Although Bitcoin is dumping, definitely it will pump again. Just hold it. And I avoid the getting payment on BTC for some time.

[talkbitcoin]

well, sell!
sell and get out.

you clearly think bitcoin is just the "price" that is supposed to always go up and make you rich, so it is best if you sell and stay away because bitcoin will disappoint you. bitcoin will only have a realistic rise based on adoption and sometimes it will have big drops like this because the market is full of idiots who wanted to become rich over night and they failed.

[ximply]

A lot.of people who recently joined bitcoin got burned. Now the are selling at a loss just to get a quick exit. They are not an investor but they just joined because someone told them. They dont have ang believe on bitcoin and don't know what it can do. Now panic is in the air and for me this is an opportunity. Just keep on buying guys.

[mrayazgul]

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.

The one point which comes after this analysis is since there will be no split, the bitcoin price will be roaring after August 1 and by this analysis, no one should sell the coins for cheap. This is the best analysis i have seen so far in the current situation.

[ankit10]

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 should sell your all bitcoins now , if you will not do this then you may loose your all coins or you can get only less money.
SEll your coins now and buy coins later when price will go below 1200 usd and then hold it.you may recover your lost.

[freedomno1]

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    

Hold the coins and the convert them into cash when you need it in the future, if your living paycheck to paycheck then keep a fraction of the original amount when you receive them.
The amount of time it takes to convert it to a cash position is not that long once you receive the coins the greed and opportunity you took was based on the speculation it would go up when it really went down so you may as well just wait for a recovery.

[medsi2]

You should have sold that amount ASAP.
Now you have 3 choices.
1. Hold your BTC in a secure wallet, prepare popcorn and wait
2. Sell your BTC at loss
3. Trying to short part of your BTC and hold the other part. (note that shorting now can be risky)

[Oilacris]

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 are not the only one having these problems and having this kind of doubt and fear but most people who do earn bitcoin from their jobs and investments. We are all experiencing loss on our earnings as of now considering on the sudden decrease of bitcoin but i do still understand why because of those rumours on august 1 event but theres nothing to worry and the best thing is to accumulate those bitcoins while they are still cheap and if you do recieve less pay then its still okay because price of bitcoin will eventually recovers up.

[ximply]

$1800 level has been breached. Buy now while its low.

[Xavofat]

I'm not a Fan Guy of Bitcoins.

You're right, you're not.

You didn't even bother to find out what the point of it or why people are holding it rather than intrinsically worthless fiat currency.  

That's the problem with a lot of newbies who speculate in Bitcoin - they use the price as an indicator for how good BTC is.  If you don't bloody know about it, don't leave your money in it or you will lose it.  You're the reason why BTC is volatile.

[LouVandetta]

Well, experience is the best teacher.

It is a normal thing in bitcoin world that the price going down like that.
My advice for you, my friend, convert your left over bitcoin into cash or use a secure wallet and wait.
Now the price will going down even more, 'cause lots of people are panic selling.

[European Central Bank]

if it was money you needed you should've converted immediately. if you don't then you're a speculator like everyone else and you're opening yourself up to some nasty price movements.

[virtualdn]

It might go down to $1,000 yes. The secret is to HOLD!

[dryandry]

now price is cheap time to buy more and keep hold
after august 1st whatever happen to bitcoin i already to face it

[amacar2]

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+.

Nobody can predict the price of bitcoin in reality and you should do your own research before making any moves. If you have received those $3000 from your hard work than you should have cashed it out at the time when you received it. If you hold bitcoin than you are also taking risk of losing in terms of fiat when price will dump hard like the current one.

But if you don't sell right now with panic, you will not loss anything have some patience and hold for next few months.

[bitcoinisbest]

OP clearly does not the price fluctuation in the BTc prices . Even coupe of years back it had crossed 2000 and then fall back to below 700. This time it had reached 3000+ so there was a very good profit booking being done and mostly people have sold their position . OP must have got at high prices and market have fallen since then . Wait or else sell the Btc now .

[Bitcoin.io.promo]

I'm not a Fan Guy of Bitcoins.

You're right, you're not.

You didn't even bother to find out what the point of it or why people are holding it rather than intrinsically worthless fiat currency.  

That's the problem with a lot of newbies who speculate in Bitcoin - they use the price as an indicator for how good BTC is.  If you don't bloody know about it, don't leave your money in it or you will lose it.  You're the reason why BTC is volatile.

I'd rather wait in shitty fiat money until the hurricane is over.   but if you'd have fo sell at a huge loss like op I'd hold.

[Daniel91]

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    

Each currency in the world has ups and downs, not just bitcoin.
Check out Forex, for example.
Sometimes you win and sometimes loose, it's natural.
In last a year or two btc value jumped to the sky, from $250 to $3000.
Even with current price of $2000, it's still great profit for many of us.
In the long term, you will earn here but in short term, you can loose sometimes.
It's up to you.

[crazyivan]

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    

Well, it s not a loss until u actually SELL IT. So dont SELL until it recovers.

Simple.

[Bitcoin.io.promo]

OP clearly does not the price fluctuation in the BTc prices . Even coupe of years back it had crossed 2000 and then fall back to below 700. This time it had reached 3000+ so there was a very good profit booking being done and mostly people have sold their position . OP must have got at high prices and market have fallen since then . Wait or else sell the Btc now .

Couple of years back ATH was +- 1300 dollars