Bought my first BTC @ $4600, slightly worried

[cindygirl]

Seems that all the people commenting on this thread at the time of the original post have been vindicated in saying not to worry and to hold on to it. Bitcoin will likely even increase beyond the current price by a substantial margin so there's really no 'bad' time to buy, just opportune and inopportune moments.

[1713562969]

1713562969

[trifiz]

Ahah don't worry about crashes, you are in profit right now. Take your btc into a wallet and soon you will have also 1 Bitcoin Gold.
And stay tuned because btc will hit $7000 soon.
HODL!

[arpon11]

Now that the price is back at  $4850 I think you can sell in other to reduce your fear. Successful traders are not afraid of losing when the price is going against their position. They know that the price is going to get back up. Trading has never been profitable as what we are experiencing in cryptocoin market and if you are not a panic one you can buy a coins or bitcoin today and become a millionaire in 5 to 6 years to come.

[Wilhelm]

Just HODL relax take a beer.

All who are here have been in your exact position. Some bought at $2 and thought they were crazy. Some bought at $1500 and thought it would never recover...

How to look at this investment
BTC is a lottery ticket with a >50% chance of winning.

In 5 years time you will either be cursing yourself why you bought some. Bigger chance you will be cursing yourself why you didn't buy more....

[PancherBitCoin]

Now that the  is back at  $4850 I think you can sell in other to reduce your fear. Successful traders are not afraid of losing when the price is going against their position. They know that the price is going to get back up. Trading has never been profitable as what we are experiencing in cryptocoin market and if you are not a panic one you can buy a coins or bitcoin today and become a millionaire in 5 to 6 years to come.

Looking at the latest Bitcoin prices on the stock exchange, you can say that luck is again a user in hand. Our assets are growing again and this can not but rejoice.

[BigTeeths]

I would say that it's not a good entry but I would not either say its bad. If you believe that bitcoin will reach $10k next year therefore you don't have to be afraid.

[Omega Weapon]

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.

And now you're up 6%. Lesson to learn: HODL.

It is incredible how a single trade can teach you so much about bitcoin, and if we are honest, bitcoin seems like it is going to go up once again, bitcoin gold is going to be nothing but a way for people to get their hands on more bitcoin and it seems the segwit2x fork is weakening with each passing day, so things are really looking good for bitcoin despite all the bad news and FUD we had in the previous weeks.

[DrGuns4Hands]

In your case it would be best if you just hold your bitcoin and wait till the price of bitcoin goes to bubble again. It won't take a long time since we recover from the last dump that happen when china banned bitcoin on their country but check the bitcoin chart it really recover so fast.

[rowbot]

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?

Sure. Even for old timers, there is a perpetual feeling that one doesn't have enough coins. But such market sentiment (greed) is inevitably balanced by fear, and the nature of markets is to test the mettle of its participants. That means squeezing bulls and bears alike. If I were you, I'd prepare for the worst, which from here looks like a return to the $2000s. In the interim, there is major support in the $3000s, perhaps after a stop run below the $3600 low.

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.

Always remember. Markets are manipulated. Dont keep BTC just to keep them, make it an active capital + dont forget to diversify it into other ALTcoins.

[electronicash]

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?

Sure. Even for old timers, there is a perpetual feeling that one doesn't have enough coins. But such market sentiment (greed) is inevitably balanced by fear, and the nature of markets is to test the mettle of its participants. That means squeezing bulls and bears alike. If I were you, I'd prepare for the worst, which from here looks like a return to the $2000s. In the interim, there is major support in the $3000s, perhaps after a stop run below the $3600 low.

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.

Always remember. Markets are manipulated. Dont keep BTC just to keep them, make it an active capital + dont forget to diversify it into other ALTcoins.

if he still kept it as btc by now, he still have gained more than $500. OP were worried whether he wasted his money or not from the entry point of 4600USD while that time the price was sinking. but now that its rising as he expected. he should have gained.  but but but if he diversified it to altcoins, then some of his altcoins might have been sinking too.

[onurgozupek]

Don't worry and don't think about the price at the moment...

[carlisle1]

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 am not sure if you still keep your money in bitcoin but if you do, i am sure that you've got your worries away and probably you're wishing that you should have bought more than 1 btc at that time since the price is getting back and just reached the $5000 level again and in my opinion if you really believe that bitcoin has a potential you should not have to be very worried whenever the price gets lower than the price that you had bought because sooner or later it will go back to a much higher level .

[dllhg]

Well it hit $5840 in the last hour    I hope you held on to it. 

It will easily break into 6K+.  We have 13 days before the fork.  People are dumping alt coins and buying BTC.  Price will keep going up and quickly. I wouldnt be surprised at all to see 7-8K before oct 25th. 

I already spent most of my money buying when it was 3500 up to 4800  so I dont think I will get any more.  It would be hard to put money into it at this price with fear of it crashing which I am sure it will.  Personally I will consider dumping more into cheap alt coins.  You get the much lower price plus the added increase of value from your BTC.

[jubalix]

Look at it this way

if you bailed just after gox high 2013, you could have cut you losses from say 200$ a coin versus 750$ a coin, and doubled down at the low and purchased in and held....but how would you know the timing?

if you just hodl you would be up about 3~4 times now.

So buy in now and you may be at 60K or 100K in 5~7 years time.

how do you feel about the difference of $7000 a coin, and the other $53 K you would have.

the $7000 now is insignificant.

I recall back in the day being concerned about the high percentage margin I had to pay to acquire some coins it was about 7%, where I was, concerning at the time sort of inconsequential in retrospect.

You have to step back and take the long view.

[Fievel]

would be nice to see a reply from the OP to see if he really waited as suggested or that he chickened out earlier at the lower prices.. 

I stuck to my long-term plan, still have the 1 BTC (plus I bought some more at $3000 during the dip).
I feel slightly less worried now

[Omega Weapon]

Look at it this way

if you bailed just after gox high 2013, you could have cut you losses from say 200$ a coin versus 750$ a coin, and doubled down at the low and purchased in and held....but how would you know the timing?

if you just hodl you would be up about 3~4 times now.

So buy in now and you may be at 60K or 100K in 5~7 years time.

how do you feel about the difference of $7000 a coin, and the other $53 K you would have.

the $7000 now is insignificant.

I recall back in the day being concerned about the high percentage margin I had to pay to acquire some coins it was about 7%, where I was, concerning at the time sort of inconsequential in retrospect.

You have to step back and take the long view.

That is the correct way to view things, but how many people are able to hold for so long? Not many, most people especially people born in this technological era cannot wait, they want everything right now, they want to make profits fast, it does not matter that bitcoin is having one of the best years ever, if they do not see profits in a week they begin to say that bitcoin is done and all sorts of dumb things.

[phuckit17]

You paid 4600 now its 6400..be worried..be very worried..at how great you did lol

[Syke]

the value plummeted (it's now hovering just above $4000, that's a 13% decrease). Lesson learned I guess.

And now you're up over 50%. Did you learn the HODL lesson?

[aoluain]

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?

Firstly - dont worry because Bitcoin will break through this
current negative cloud. There is uncertainty in the market
which is driven mostly by misinformation both negative and
positive and also by panic and people driving the panic lower
to buy more at a lower price.

If you feel you can you could always buy another bitcoin at
a lower price like $3500 to lower your average outlay at
$4050

Panic over!
There will be people who have bought bitcoin at $6500 and $7000
and when the price fals will he panicking thinking it will never go back
up. This thread is proof that it always recovers.

[jack1111]

Just a note: Bitcoin is ×10 of its price in 2016 although the price was very fluctuate. you just need to hold and ignore everything else, fud, media, panic.....