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Author Topic: Bought my first BTC @ $4600, slightly worried  (Read 7334 times)
frumjanet
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September 21, 2017, 07:57:44 PM
 #181

Long-term you will look at $4600 like people who invested five years ago saw $300, or $500.  It's just another stepping stone.  There is an incredible amount of upside, and you just have to ride out the waves, as it is an ebb and flow.  There will be a tipping point where it takes off again, and you just have to be patient with it.

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September 21, 2017, 08:07:43 PM
 #182

not sure if I replied to this thread already, but here are my thoughts

Winter is coming!
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September 21, 2017, 08:12:02 PM
 #183

That's at peak and now the price is $3,621 and you should do nothing as of the moment. The price will again in the next few months.



I bought half bitcoin @ $ 4,500 ....... Only wait to rise.

I hope soon.

Just keep on waiting guys, best thing happens to those who waits.

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September 21, 2017, 09:05:03 PM
 #184

Apparently it is not only bitcoin that was affected, most altcoins went down to all because of the uncertainty of which the Chinese regulations will influence the crypto ecosystem and the possibility of other countries to adopt and implement similar regulations...but imo its better to hold on to your coins you bought as price could easily raise by a 1000 dollars in a day and allow you to break even.
I was already happy when i do see bitcoins price did hit up again on 4k range but now when i do see again on its recent price we are heading down again 3649 as of writing which do really suck to see these prices on bitcoin but well its still okay i do wait a little bit more for buying cheaper bitcoins because i do know price would really rise up again and for op just hold on to your bitcoin.
i think there is still some panic in the market which is not letting the price of bitcoin to increase, but still i think that people are giving good support to bitcoin which is not letting the price to fill down from 3000$ and hope that this time again it will bound back from that level and hope that this time it will surely hit 5000$ in a very smooth way.
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September 21, 2017, 09:13:22 PM
 #185

Of course for me it's hard to judge how you are feeling because I bought at around 2000-2500 range (even with the recent drop I'm good). If you really can't handle it just walk away from it for a couple of weeks.
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September 21, 2017, 10:22:10 PM
 #186

I would not worry, if (when?) the China ban falls, the market will recover and rise a lot
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September 21, 2017, 10:55:57 PM
 #187

Dollar cost averaging,buy another when it drops to 2000- 1800 as predicted then you'll have 2 at 3300 apiece. Also as predicted 7500 by the end of the year at least, I think this whole thing is a set up for the Hedge funds and JPMorgan to buy in low and China to launch their own State crypto.
 my 2 cents worth lol.
 Also I tend to buy a whole coin at a time too.. but we both should realize that if we spent 50 or 100 $ bucks every Friday on Crypto we would be a lot better off, highs or lows wouldn't matter because of exposure to the entire price range Tongue
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September 21, 2017, 11:00:22 PM
 #188

Best thing, keep your bitcoin out of site, and think that you just lost that amount of money.  Since you are planning to hold it for 5 to 10 years, it does not hurt to do such thing.  Besides seeing your Bitcoin regularly and looking at the price would worry you more when the price keep on plummeting.  Best move buy again if it goes down Grin. as what phuckit17 stated.

Dollar coat averaging,buy another when it drops to 2000- 1800 as predicted then you'll have 2 at 3300 apiece. Also as predicted 7500 by the end of the year at least, I think this whole thing is a set up for the Hedge funds and JPMorgan to buy in low and China to launch their own State crypto.
 my 2 cents worth lol.


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September 21, 2017, 11:14:51 PM
 #189

Of course for me it's hard to judge how you are feeling because I bought at around 2000-2500 range (even with the recent drop I'm good). If you really can't handle it just walk away from it for a couple of weeks.
This is only my thought i think you have been buy at the wrong time buddy. Now is the right time. Bitcoin already drops its price now and i think few more days it will regain its price so therefore i think you will a little amount of only amd that was not good. If you have an extra money then buy now.

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holdingkrypto
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September 21, 2017, 11:24:10 PM
 #190

It was not the best time to buying but do not worry, after finishing uncertainity of China in october and novembers fork it will rise again with new ATH.
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September 21, 2017, 11:42:45 PM
 #191

Long-term you will look at $4600 like people who invested five years ago saw $300, or $500.  It's just another stepping stone.  There is an incredible amount of upside, and you just have to ride out the waves, as it is an ebb and flow.  There will be a tipping point where it takes off again, and you just have to be patient with it.
Although I always stay positive  but the reality should not be neglected.Whatever you are saying could be quite true or could be completely based on illogical facts.You never know if thing will always work in the favour of bitcoin.

Of course for me it's hard to judge how you are feeling because I bought at around 2000-2500 range (even with the recent drop I'm good). If you really can't handle it just walk away from it for a couple of weeks.
It is an experimental currency,deal only what you can afford to lose.If  $4600 is a big amount to him,frankly he shouldn't risk it it.There is no guarantee he would double it.

Best thing, keep your bitcoin out of site, and think that you just lost that amount of money.  Since you are planning to hold it for 5 to 10 years, it does not hurt to do such thing.  Besides seeing your Bitcoin regularly and looking at the price would worry you more when the price keep on plummeting.  Best move buy again if it goes down Grin. as what phuckit17 stated.
I'm surprised how these guys have planned their investment for next 5 years already  Undecided


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September 21, 2017, 11:55:36 PM
 #192

I believe you have a lot of faith in this currency without worrying about the fact that maybe is a bubble that could last a couple of years more. just like you, I share your opinion of buying btc before it comes out of my reach but would not bet on long-term in it, however in the short term or so what's missing this year I will take advantage of such bad news as the Chinese government to buy more of them.
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September 22, 2017, 12:03:18 AM
 #193

There's no need to be worried, just keep holding and keep patience. After all it was your own decision to buy it at the price you bought it so simply keep patience and hold it considering it to be a long term investment, I'm sure you will have good returns very soon.
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September 22, 2017, 12:11:30 AM
 #194

9kK is a nice profit on 5k....see you at 100K a btc

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September 22, 2017, 12:21:50 AM
 #195

Hey guys, new member here Smiley

I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.

I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.

Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.

Any words of encouragement? Grin I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?
No need to worry. Just hold on to your investment till its value reaches a higher value than what you purchased it for. You may have been a bit excited. But nothing’s wrong with that. You just need to be patient enough until you reach your goal. God bless you on your investment.

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September 22, 2017, 12:25:47 AM
 #196

dont put your money at 1 buy order, this is my bitcoin trading trick. im buying some altcoin at 210satosi then buy again if the price down to 110 and buy again if price down to 50 and waiting price back to level 100 and sell all Smiley
so i can get faster profit with this trading trick


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September 22, 2017, 01:55:06 AM
 #197

There's no need to be worried, just keep holding and keep patience. After all it was your own decision to buy it at the price you bought it so simply keep patience and hold it considering it to be a long term investment, I'm sure you will have good returns very soon.

the only matter from the most people is they don't patience when they see the price is down like now and they just panic and trying to sell their btc because they don't want to loss their money value. but the real investor is only buy and hold the coins for a long time, no matter if they bought at high price because they are sure that the price will become expensive.

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September 22, 2017, 02:00:58 AM
 #198

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes”

-Warren Buffett
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September 22, 2017, 02:11:01 AM
 #199

Hey guys, new member here Smiley

I've been watching Bitcoin's development since early August this year, and I finally gave in and bought 1 BTC for $4600. I didn't wait because I figured the value could easily break the $5000 barrier at any time, and if the price would suddenly normalize above that level, 1 BTC would be outside my budget.

I probably went OCD on the matter and should've waited instead of having to have 1 full BTC, especially since the ICO-related news from China were still pretty recent.

Anyway: the 2nd wave of news regarding shutdown of local exchanges hit hours after I made the purchace, and the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess. I've been lurking on the forums for a couple of months trying to pick up some sound advice from you guys, and from what I've gathered I should stick with holding for 5-10 years instead of panicking. But honestly, it's tough to ride the lows.

Any words of encouragement? Grin I guess I'm not the only one who've had a nervous start in the world of cryptocurrencies. Anyone else feeling like they "need" to acquire 1 BTC before the train leaves the station for good?


Just Keep it if you still have money to spend to keep living.You will gain someday if you hold it though now the price range were $3800-4000. We believed that someday it will reach twice the price you bought 1 bitcoin, say $4600x2=$9200. Goodluck investing  Smiley

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entrepmind23
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September 22, 2017, 02:23:35 AM
 #200

“Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years.”

“If you aren’t willing to own a stock for ten years, don’t even think about owning it for ten minutes”

-Warren Buffett

Yes this would be the quote that I would like to show to people who are just blindly buying without evaluating if they are really willing to wait that long to have gains. The problem nowadays is that almost all things are instant that is why when buying bitcoin, some people expect to have some gains immediately and just following the herd and if someone buys, they buy and if others panic sell, they would panic sell.

Those investing on bitcoin should think first what is their purpose in investing whether it is just for short term or long term. If just for short term then maybe they can search more on when to buy if they don't know yet the market cycle and find a reputable trader that has a speculation of where the possible bottom is so that at least they will not be able to buy at the top and end up on a loss.



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