Bought my first BTC @ $4600, slightly worried

[xFiber]

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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[gui009]

I would not worry, if (when?) the China ban falls, the market will recover and rise a lot

[phuckit17]

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

[BitFinnese]

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 . 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.

[Restmand]

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.

[holdingkrypto]

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.

[Patatas]

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 . as what phuckit17 stated.

I'm surprised how these guys have planned their investment for next 5 years already 

[pcgm]

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.

[Adbitco]

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.

[jubalix]

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

[coinholic]

Hey guys, new member here

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? 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.

[Lion BItcoin Shop]

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
so i can get faster profit with this trading trick

[maydna]

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.

[Torque]

“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

[andthereyou]

Hey guys, new member here

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? 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  

[entrepmind23]

“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.

[Omega Weapon]

Hey guys, new member here

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? 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?

Well, you bought near the top and that is a classic newbie mistake, if you are a newbie the best time to buy is when the market has not moved much for some time, some may say that you need to buy the dips but that is a maneuver for a bitcoin user that is experimented because if a newbie did that then he will probably panic if the price of bitcoin kept falling after he bought, now you will need to hold for some months or even a year before seeing any profit from your investment, but do not worry the longer you hold the less you care about the movements of the market.

[youngwebs]

Best way to make an investment when you think the value is at a top value but you are not sure if it will rise or drop is to spread your investments.

e.g. you have 1 BTC, one could consider investing 0.1 BTC every 2nd of a month.
You might miss the biggest gain, if it goes up, but when it goes down, you will buy more at lower value and will gain faster in case of a recovery.
Basically you are buying the avg price of the coin, and after a period of time you will gain the maximum value quicker.

[Ingoats]

Hey guys, new member here

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? 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?

The best thing to do is to hold. You already invested money and we all know that investment always involves risk. And besides, dumps and backdrops usually happens because Bitcoin is volatile so fluctuations are expected. The market is down becuase China banned Bitcoin exchanges and ICOs. We are now seeing that Bitcoin is slowly making its way up again after the downfall. We should hope that it will continue until it is back to its state before the dump.

[severaldetails]

Hey guys, new member here

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? 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?

I don't think you made a wrong choice when you invested in bitcoin.
The point of investment might look a bit unfortunate at the moment. But it is in bitcoins nature, maybe even bitcoins big secret of success to be volatile.
The longer you will have your coins, the easier it will be for you to watch the ups and downs of the chart. Just don't panic.