Bought my first BTC @ $4600, slightly worried

[dothebeats]

Nothing you can do there bud but hold. Most of the mistakes most newbies don't foresee is buying at the recent top. Because of the hype and fomo, almost everyone feels that this could be their biggest break because the price is rising pretty fast. I myself am guilty of this, since I've bought several coins at the top thinking I might snag a few profit off of them.

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[Granxis]

Buying from the $ 4600 level has been a wrong start, and there are a lot of things you need to do right now, or you can bet, or you can save some of the money you've invested to make money.

[Victorycoin]

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.

You're right, the market is lacking in momentum because people are a bit apprehensive about what would become of the proposed hard fork of the network is going to unfold. The proponents of Segwit2x and Bitcoin core are still having divergent opinions and those are sure to rob on the network. Wait n see is the name of the game!

[Duzter]

Buying from the $ 4600 level has been a wrong start, and there are a lot of things you need to do right now, or you can bet, or you can save some of the money you've invested to make money.

I don't think this to be an wrong decision to buy bitcoin when the price was $4600. You should have known much about the market before investing, if your plan is for long term never get worried. If you thought of making profit in a lesser time, then no other go than just waiting with patience for a price pumping.

[Stedsm]

Just wait some time because it has always grown up after declines, so not to worry that much.
Secondly, don't take any wrong decisions like selling in panic or start trading (if you have no experience) or gambling because these might ruin everything and even worse if you lose them. It was all a planned dump so don't panic and hold tight, because those who hold here are the ones who profit.

[eann014]

$4600 bitcoin for your 1st buy is not really good. When the price dump until $3500 maybe would be better for you to buy. I think you are too excited to have bitcoin in that day. Today bitcoin is lower than $4600 which is really not good for you. Try to wait until end of the year.

[RamonBTC]

Just hold on to it don't make a silly decision on selling it, for you might regret it. Be patience man.

[talks_cheep]

It's going to be a long wait for btc price to recover back to $4600. We've entered a bear market, think about it; about a month ago, we were at around 4500, currently we are sitting at 3600. Next month, we will be seeing 2500.

Why? Because of China, simply. Chinese are holding a massive amount of btc and they are going to need to liquidate it all. If you think it's not going to happen, I have a castle in Spain I'd like to sell you.

[owengtam09]

Bought your 1st BTC for $4600? I think thats not a good decision, but we really don't know what will happen next. Maybe you should monitor the bitcoin price from time to time and wait until end of the Month.

[KEPLER99]

The situation of bitcoin today is just normal. Do not panic. It happened only because some people sell their bitcoins when its value was high. Because of this situation, investors on bitcoin will increase. Thus, bitcoin's value will continue to increase. Just keep holding. Do not ever sell your bitcoin because that will be a huge loss for you.

You are very much right. I will suggest him the very same. I think pump and dump is quite a natural thing. If you are into this business, then you have to make yourself habitual of this thing. The most important thing for is to decide carefully what to do at the time when prices are getting low to avoid any loss.

[JL421]

yoy shouls be a bit worried you did buy bitcoin at a really high price but not to worry the price has been rising from paat few days just hold it no one buys bitcoin to sell at a loss it's better if you forget it for a few days and come back later and then check the price so you don't panic

[AngelSky]

yoy shouls be a bit worried you did buy bitcoin at a really high price but not to worry the price has been rising from paat few days just hold it no one buys bitcoin to sell at a loss it's better if you forget it for a few days and come back later and then check the price so you don't panic

Ya you no need to panic now.Today the price of bitcoin is reached around the Value of 3900$.Tomorrow the price of bitcoin may reach the value of 4300$.At this month end the price may reach the value of 5000$.Wait till this month end.you will get 400$ profit for waiting for a week.

[talks_cheep]

OP is f*cked. It's wise to sell now even with a small loss compared to selling later with a bigger loss. I know of no hodlers who are rich, having 1 bitcoin 8 years ago is exactly the same as having 1 bitcoin today, you just have 1 bitcoin and you will only have 1 bitcoin. That is the sad situation facing a hodler. Their wealth is in their imagination and on paper only. Hodlers are all gonna so f*cked sooner or later.

[Gutenhans]

hard to be in your place. Do not check the price during november if you plan on holding. maybe move it before november somewhere where you get the altcoin if it forks.

[Shinpako09]

Relax op and believe in btc, you can recover your loss in the right time for sure. Just keep and hold it. Don't sell it atm, you will lose more if you did since you're still a newbie and obviously you know nothing about trading.

If only you're a pro trader, even if you bought at $4600 you can sell it now and take advantage on the $50-$100 swing a day. You can recover your loss fast and make a profit but unfortunately not. So the only thing you can do is hold.

[Omega Weapon]

Buying from the $ 4600 level has been a wrong start, and there are a lot of things you need to do right now, or you can bet, or you can save some of the money you've invested to make money.

I don't think this to be an wrong decision to buy bitcoin when the price was $4600. You should have known much about the market before investing, if your plan is for long term never get worried. If you thought of making profit in a lesser time, then no other go than just waiting with patience for a price pumping.

The problem is that you are asking a lot of patience from him and while a member of the forum that has seen and experimented situation like that before could do it, you must not forget that he is a newbie, the price of bitcoin has not been that high for some time and I do not think we are going to see that price in a long time, so it is very likely that he gets desperate and sells for a loss.

[dllhg]

Well it creeped past $4200 today. Not too far from where he purchased.  Many seem top be predicting a continual rise to past $5K right now.  I am sure plenty of people said the same thing to guys like you when it was at $20, $200 an $2000.  Look at where it is now.   I think people really want this currency and while it may go up and down it will continue its rise.   Wasnt it under $1K earlier this year ??

I bought some at 4K after crash was rebounding.  Later at 3600 and today again at $4200 just in case it goes to the moon. Dollar cost averaging is my goal.   Not doing a great job of it yet.  Price swings so wildly  it continues to surprise me.  If it drops again great I will buy while it drops too. 

[peter0425]

Well it creeped past $4200 today. Not too far from where he purchased.  Many seem top be predicting a continual rise to past $5K right now.  I am sure plenty of people said the same thing to guys like you when it was at $20, $200 an $2000.  Look at where it is now.   I think people really want this currency and while it may go up and down it will continue its rise.   Wasnt it under $1K earlier this year ??

I bought some at 4K after crash was rebounding.  Later at 3600 and today again at $4200 just in case it goes to the moon. Dollar cost averaging is my goal.   Not doing a great job of it yet.  Price swings so wildly  it continues to surprise me.  If it drops again great I will buy while it drops too. 

Glad to have made your purchased at those dips. You are doing good mate. Keep it up. Almost all of TA has been pointing a upward trend specially once we breach $4100 which we have already done so. So continue to hold and just buy on dips and you are good to go. Look at it for long term. Don't short sell as it does not benefit you.

But in case their is a drop, get as more as you can. I don't have funds but if a have a lot of extra, I would also be buying in those dips, really a good entry point for all of us who wants to join the bandwagon and go to the moon.

[949miner]

Well it is slowly recovering, so you should not be worried now, because it went from $3500 to $4200 at the moment, so i think that those are very good news for all of us. specially because this is a good signal that the price will go to $4500 soon. Anyway, buying bitcoin at higher rates it not a bad thing, it will always be going to go up, so you should not worry about it, because it is recovering now 

[batang_bitcoin]

Well it is slowly recovering, so you should not be worried now, because it went from $3500 to $4200 at the moment, so i think that those are very good news for all of us. specially because this is a good signal that the price will go to $4500 soon. Anyway, buying bitcoin at higher rates it not a bad thing, it will always be going to go up, so you should not worry about it, because it is recovering now 

Yep don't have to worry anymore hope this recovery will happen up until the end of October. We are now at $4,200 so there's 400 bucks to go and you have now your original investment. Don't try to cut your losses because it will just going to give you an headache and later on the price of bitcoin will recover. You'll regret it when you see bitcoin's price flying up to the moon and you sold it at dip when you are trying to cut your losses.