Bought my first BTC @ $4600, slightly worried

[South Park]

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 really doubt the story is true but if it is what you did was irresponsible, but at the same time bitcoin show to us that even if a person without knowledge about it invest in it the profits can be amazing, this person has not been in bitcoin for two months and has huge earnings already.

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[mharz]

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.....

Your right sir if you brought a lot of bitcoin since 2016 but if you buy your bitcoin in $4600 there's no need to worry about that because bitcoin value now it raised up into $7000 I think you also lucky. Due to your investment in bitcoin are already earning, so maybe a little bit more holding your amount, because there's a possibility to increase it more. Who knows maybe your bitcoin will earn 10x or more in the future.

[Michael24]

the current price of bitcoin is now 7269.59 US Dollar

let wait and see what the price will be in the next 3 years.

[qwertyup23]

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 heads-up buddy your risk paid-off, like any other investor here in forum! Firstly, congratulations on your investment since currently, bitcoin prices are starting to skyrocket as of the moment, reaching the $7000 mark. Second, it is true that due to bitcoins decentralized nature, no one can actually predict the final outcome of bitcoin especially when we are talking about the future. It is very hard to predict also its price, given its high volatility and that is why people just invest, hoping that their risk will pay-off (like what you did!). You are one of the living example that profited from investing and let this be a lesson for all young investors to take the risk!

[STT]

Price doesnt really prove anything, its still best to buy in regularly as it can be far longer to rise overall.  In 2017 however there is a trend up so you picked the right year but I would not assume it will always act positively in this time frame.  Tthe negative news narrative can sometimes be called the wall of worry, where news is negative vs a positive trend and people say this is more bullish.    The coin itself doesnt earn or return an investment, its closer to a commodity traded.

[South Park]

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?

Holding is very easy I do not get why more people do not do it and while you may think that will be enough for a person to learn their lesson I have seen people develop feelings of hate, I remember a friend of mine invested in bitcoin before it crashed and he lost a lot of money and to this day he claims bitcoin is a scam even if we know that is not the case.

[Pearls Before Swine]

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

Your post was written like two days ago, and bitcoin was at $6400?  I must have missed that.
Like daylight savings for the bitcoin market or something.  We're at $7400, brother, and we've been
above $7000 for a few days now.

And yes, OP here was worried that he overpaid for his bitcoin at $4600...crazy where it is now.  He's
probably off on his yacht somewhere, living it up with the money he made.  Must be really nice, no?

Anyone here buying bitcoin at $7400?  What do you guys think about it now?  If I had some extra
money, I might try it.  As it is, I'm just trying to save what I earn from this campaign.  It's harder
than it looks.

[trinhdinhthang20007]

The current BTC price has risen to 7,434. So if you buy at over 4000 then almost double property. I believe the BTC is strong again, it is great investment is beneficial. Congratulations to those who own BTC.

[Kikeeping]

And congratulations, the worry has changed to more than 70% profits. I'm worse than you, buying at $5200. But, I am really happy to be patient and haven't sold 3btc that i bought at that time until now.

[phuckit17]

10k by the end of 2017...20k by the end of 2018 is what some Banksters are saying..

[Lumada]

10k by the end of 2017...20k by the end of 2018 is what some Banksters are saying..

put more faith, it might decrease now but look on it maybe next year, you can guarantee earning thru long term engagement than watching it in just a few months, though since its Sept. post I bet the OP already experienced pump and realized it now.

[bitfocus]

Nothing to worry man, BTC is $7254.99 right now which means you are about to make your money double.