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Author Topic: Bought my first BTC @ $4600, slightly worried  (Read 7337 times)
aoluain
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September 13, 2017, 09:14:32 PM
 #121

whatever you do do not sell!
you can take confidence that the value will rise again
there are people ready to buy now at a low price, its a great
opportunity and the price increase will follow.

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September 13, 2017, 09:27:25 PM
 #122

you have nothing to worry about, as i see bitcoin will pump soon and reach $5000, so if you buy at $4600 you just have to hold your btc and wait for it. if it reaches $5000 then you can sell to get your profit or hold it still to earn more in the following days

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September 13, 2017, 09:42:42 PM
 #123

I personally suggest you OP to not sell your bitcoins. Imagine you bought them on 4600$ and now if you sell them, you will see a huge loss. This fall doesn't means it will fall forever, it's even normal because if coin rises it was to fall sometimes. Finally it will rise, it's only time of wait, if you hold them and wait even for year if situation will require it, you will see profit.
Depends on how you can to wait.. Welcome to crypto world..

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September 13, 2017, 09:48:54 PM
 #124

you have nothing to worry about, as i see bitcoin will pump soon and reach $5000, so if you buy at $4600 you just have to hold your btc and wait for it. if it reaches $5000 then you can sell to get your profit or hold it still to earn more in the following days

Yes there is nothing to worry as price will recover and get back to normal very soon but OP should not get panic and should have patience to hold it till it crosses $5k mark and if he sells now then he will be making major loss on his investments so instead of selling those coins he should buy some more coins at this price.

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September 13, 2017, 09:51:31 PM
 #125

Relax OP, bitcoin will bounce back and you will have profit soon. It is normal that you feel worried about your investment But someday, you will get used to this kind of volatility of bitcoin. When it crash, it crash. Leave it for a few months and it will bounce back and much higher than before.














 

 

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XbladeX
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September 13, 2017, 09:52:57 PM
 #126

***

For all I know, this is just a shakeout before new all-time highs next week. But it's also possible that you bought a long term top. You need to be prepared for that. Undecided


This is true crypto now we are hight and go higher is harder but limited 21m BTC cap is helping here a lot.
So only dened on time when price will rebounce higher. Fiat are unlimited.

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September 13, 2017, 09:56:25 PM
 #127

Relax OP, bitcoin will bounce back and you will have profit soon. It is normal that you feel worried about your investment But someday, you will get used to this kind of volatility of bitcoin. When it crash, it crash. Leave it for a few months and it will bounce back and much higher than before.

If this is anything like the last time that the Chinese government pummeled the market with ban rumors, then he might not have profit for years. I hate to say it, but breaking down from this daily Bollinger Band squeeze is a sign that we have entered a downtrend. It's very possible then that this year's rally is over.

Personally, I won't be selling any coins until we form a confirmed lower high on the weekly charts. But that would likely be 1-2 months away. In the meantime, I won't be surprised to see $3000 or below. I hope not, but... it looks bad.

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September 13, 2017, 10:00:38 PM
 #128

   Prepare yourself for long term holding, before I started buying bitcoin I spent a lot of time here reading and there are topics from before 3 years, where people wrote about how
they bought on $1200, and bitcoin soon after dropped to $200. Who had patience to wait until now he made good profit but with little waiting. You have the same problem now,
you bought on high price and bitcoin dropped, like before now you need to have patience for your investment. Do not panic, selling now will just lose money and later when bitcoin
rise you will regret cause of your decision made in panic.

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September 13, 2017, 10:02:32 PM
 #129

Been worried is normal, but you have nothing to fear, BTC will surely rise again, but I speculate a fall between November and December,this is happen because it is an holiday season everyone need money at this time,Relax and watch your investment grow. Ensure you study the market next time in other to understand when to invest.

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September 13, 2017, 10:03:16 PM
 #130

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September 13, 2017, 10:14:39 PM
 #131

Wow you don't wait for the drop happens and now bitcoin price drop into $3.8 dollars and if you do that maybe you can wait and worry no more since the bitcoin price will be increase soon all you need to do is to watch but it will depends on you, you already brought some bitcoin for me i suggest for you to trade that or make a cycle invest and trading for you to earn profit once the price of all coins will be in the green lane again.

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angaper
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September 13, 2017, 11:01:31 PM
 #132

  Prepare yourself for long term holding, before I started buying bitcoin I spent a lot of time here reading and there are topics from before 3 years, where people wrote about how
they bought on $1200, and bitcoin soon after dropped to $200. Who had patience to wait until now he made good profit but with little waiting. You have the same problem now,
you bought on high price and bitcoin dropped, like before now you need to have patience for your investment. Do not panic, selling now will just lose money and later when bitcoin
rise you will regret cause of your decision made in panic.

This is undoubtedly a latent possibility, but keep in mind that one of the golden rules of any investment instrument is that "past performance is not indicative of future results", so we should not expect to see the same conditions that led to the bitcoin to suffer that spectacular fall and subsequent recovery.

On the contrary, with a more mature and well-known market, where a great growth can be expected in the next years, there are enough elements to think that this retracement is temporary and in a few weeks we will be seeing bitcoin recover its upward trend.

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September 13, 2017, 11:10:24 PM
 #133

The price drop was 20% drop and i think the price will increase back again and i think the price will not go more below $3,800 and the price will increase more soon if you wanted to make profit better to buy bitcoin with the todays price and you will be lucky that bitcoin price right now are really cheap and the price of bitcoin will increase more sooner after the china realize that they do a wrong move..
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September 13, 2017, 11:15:20 PM
 #134

Wow you don't wait for the drop happens and now bitcoin price drop into $3.8 dollars and if you do that maybe you can wait and worry no more since the bitcoin price will be increase soon all you need to do is to watch but it will depends on you, you already brought some bitcoin for me i suggest for you to trade that or make a cycle invest and trading for you to earn profit once the price of all coins will be in the green lane again.
Wait it until it will drop its price and then but it. We should learn the basic rules in trading just wait for the coins to drop its price and then buy it. Thats the thing that we shall do. And thats the best thing to do. But in that case he already buy it. Wait until bitcoin grow its price more even now.

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September 13, 2017, 11:17:58 PM
 #135

The best advice I've heard, and I can't recall from who, but it was someone a TV financial show, was "Put 1 or 2% of your net worth in bitcoin, and don't look at it again for 10 years".  Of course, that easier said than done, but that is the attitude you need to survive the ups and downs of cyrptos if you want to be an investor (not a trader).  It's probably going to pump and crash 5 or 10 more times over the next 10 years, but hopefully end up much, much higher over the long run.
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September 13, 2017, 11:32:52 PM
 #136

If you want to have a long term investment then you don't need to worry...
Don't be part of those panicky dumper who are doing nothing beneficial to the cryptocurrency community.
If you do have some extra cash in your possession right now that you won't be using in the near future i would advise you to use it and buy some coins.
For me, bitcoin and other cryptocurrency would recover in weeks time, hopefully Cheesy
.
Just a word of advise.
To anyone who is looking for a long term investment through bitcoin or any other cryptocurrency.
Only invest an amount that you will not be needing in the future.
Leave cash for emergency purposes.
Because if you use all your money for the purpose of long term investment in cryptocurrency.
Then there is a big chance that you will lose a lot..
Cheesy


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September 13, 2017, 11:37:30 PM
 #137

If you're worried, is because you invested more than you can afford to lose. I would not sell it right now, if you ask me...

Not too long ago, we were at $5000 per Bitcoin, and doing a technical analysis, we can see that it's not going much lower than the current price.
Regarding the fundamentals, I also don't see good reasons to say the price will go much lower. In fact, it's the opposite, since we have segwit and there is no more spam on the network.

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September 13, 2017, 11:45:30 PM
 #138

as for me there is no need to worry about, let's wait until the launching of segwit2x 2 months from now just be optimistic and keep holding to your btc and don't sell it, maybe that's the time of btc price increase upto 5000 USD ATH.

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September 14, 2017, 12:59:28 AM
 #139

as for me there is no need to worry about, let's wait until the launching of segwit2x 2 months from now just be optimistic and keep holding to your btc and don't sell it, maybe that's the time of btc price increase upto 5000 USD ATH.
Don't panic, it's normal everything will be back to normal, i jave bought some at $4400 and whave no plans to sell it . Will keep it until it earned.

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September 14, 2017, 02:15:09 AM
 #140

I see you can't control your emotions. Nothing to be worried about because it always fluctuates like this. Its going up and down but eventually will go more upward. You should have a mindset that your lucky enough to buy now unlike anyone else that will bought it next year that is going to be almost or more than $10k.
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