pitiflin
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February 09, 2018, 09:04:21 PM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
Stress being a psychological factor hits very hard when you're forced to sell at a loss. I have personally seen people panic sell not only crypto but stocks too ,and seen them stress and regret later on. I'm neither hodling nor cutting down the losses. I wait to get a profit inconsiderate on how much time it takes(may sound similar to hodling but it is not),and mostly try to wind up my trades in the short run.
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Capt00
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February 09, 2018, 09:33:45 PM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
Those people who are buying bitcoin's at its peak, I'm pretty sure they'll be in troubled and possible thay they are selling their coins for they are afraid btc will fall into nothing. Though we can't laugh at them, considering that they really don't realize and purely profit are in their mind without knowing of holding and keeping patience.
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Gracechen17
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February 09, 2018, 09:42:58 PM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
My friend. He is so stressed right now. He is new to crypto and when he saw bitcoin was ranging from 18-20k USD, he took advantage of the opportunity to buy since the speculations during that time that bitcoin might reach 50k. Now he doesnt know what to do. I advised him to hold more longer. I hope he will not blame me for advising him to do so.
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LFC_Bitcoin
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February 09, 2018, 09:44:22 PM |
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1 bitcoin is still 1 bitcoin regardless of the USD value, if you’re HODLING you’ve lost nothing. Who here doesn’t think we’ll see 1 bitcoin worth $50,000 by 2021?
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BitHodler
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February 09, 2018, 11:41:27 PM |
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Who here doesn’t think we’ll see 1 bitcoin worth $50,000 by 2021?
It should be done well before the block halving that in current times is going to take place at the beginning of June in 2020. With lightning network being globally deployed we should be able to reach it before the end of 2019. In other words, $50,000 by 2021 is on the conservative side, and thus we should be focusing on $100,000 to be achieved by that time. It means that Bitcoin's market cap will break through the $2 trillion dollar mark. Gold currently has a market cap of $8 trillion, and who knows how much of that will flow into Bitcoin at some point in the future. I want to experience the moment when Bitcoin surpasses gold in that aspect. It will happen. ![Cool](https://bitcointalk.org/Smileys/default/cool.gif)
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BSV is not the real Bcash. Bcash is the real Bcash.
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Oceat
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February 09, 2018, 11:47:15 PM |
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1 bitcoin is still 1 bitcoin regardless of the USD value, if you’re HODLING you’ve lost nothing. Who here doesn’t think we’ll see 1 bitcoin worth $50,000 by 2021?
Not me. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
My friend. He is so stressed right now. He is new to crypto and when he saw bitcoin was ranging from 18-20k USD, he took advantage of the opportunity to buy since the speculations during that time that bitcoin might reach 50k. Now he doesnt know what to do. I advised him to hold more longer. I hope he will not blame me for advising him to do so. You should at least tell him the idea of fluctuation and price correction and how the markets work. As a newbie they should learn the basics first before putting a lot of money because it could be stressful if they can't handle the downfall. The market is like a roller coaster or a sling shot but the better way to imagine it is like a wave in the ocean.
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3996
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spyerf
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February 10, 2018, 12:18:41 AM |
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Trading is particularly at risk of losing crypto, especially for beginners who have absolutely no knowledge in this field. Like last month, bitcoin values dropped dramatically. all surely many are losing their money, losing money in bitcoin investment should not have happened, because all that can be overcome with patience. because the true value of bitcoin will definitely come back, or maybe even better.
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marcbitcoins
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February 10, 2018, 03:02:08 AM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
That is why joining trading and investing in digital currencies is very risky because Bitcoin price is unpredictable and i believed it was manipulated too by the Big whales or by the Bitcoin haters in which all we can do is to closely monitor the update and news so that we will never be left behind of what will going to happen. Like now Bitcoin is going to reach $9,000 in which will attract more people to invest more then after pouring their investment it will suddenly drop again because the Big whales will sell high and buy low again after creating a panic scenarios.
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Apened
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February 10, 2018, 03:30:09 AM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
In my very own opinion its better to hodl it than sell it in loss or if i were the newbie who bought it higher than 10k usd i will buy some good coins rather than waiting for bitcoins to comeback. A higher opportunity to earn in altcoins and to make a breakeven earning of earn more bitcoins but the big risk to a nrwbie if he hasnt involve in crypto trading yet. For that i would advise it to hodl only and try to learn trading as much as he can.
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pocketfullofpoke
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February 10, 2018, 07:59:40 AM |
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For me, those who are shaken by the spread of FUD topics and discussions are the ones who likely gave up and end up selling their bitcoin at a cheap/losing price. Even HODLers like me are losing too especially when you bought bitcoin at 16,000$ and plummets down its value at 6,000$+. Although it's frustrating to watch bitcoin's graph everyday, you better yet stop looking at the graph so you won't be tempted to sell your bitcoin.
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eann014
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February 10, 2018, 08:28:02 AM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
I also cut my loses but I buy again with low price when I think the price is getting higher again. My mother also invested with bitcoin when the price is more than $10k so she still lose, but still she is holding all her bitcoin and waited for it to get higher again.
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Bezobraznike
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February 10, 2018, 09:29:53 AM |
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I would not call it losing money. My first purchase was at $3000, after that I purchased Bitcoins many times. My first Ethereum I bought at $400, next one at $1050. Then recently I bought Litecoins at $150. My point is that we are buying coins at cheap prices at the moment. Up and downs are normal in young markets, thus manipulations. Relax and wait for the rise, we are only at the beginning. I will not stop with buying Bitcoins, everything under $50000 is cheap.
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Protected101
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February 10, 2018, 11:59:57 AM |
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From this moment the price was crashing down everyone of us are losing money but because we need to be patient all we have to do is hold until when it increasing.Better to be calm and relax now I am hoping for recovering of price value.
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boyptc
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February 10, 2018, 12:15:22 PM Last edit: February 10, 2018, 12:27:46 PM by boyptc |
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1 bitcoin is still 1 bitcoin regardless of the USD value, if you’re HODLING you’ve lost nothing.
Others will not understand this because they are only looking at the fiat(USD) value of bitcoin. And asthey have bought when it was around $19,000 or higher than $10,000 they are only thinking about their loss but they are not looking at the brighter side that they can purchase more. Who here doesn’t think we’ll see 1 bitcoin worth $50,000 by 2021?
3 years from now? I think we can see it at $50,000.
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futureofeth
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February 10, 2018, 12:34:13 PM |
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people who are selling them in the market are losing the Money. But in many 1 bitcoin is always equal to 1 Bitcoin but the thing value of the coin is decreasing when there is less demand. The value of the coin is increasing when there i huge demand in the market.
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matanglawin
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February 10, 2018, 12:34:46 PM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
The continuous crash lately affected the investors with regards to their Bitcoin investment. Indeed, they are losing money lately but it is now recovering. Slling also will just make its market value to fall even more and we should aboid that to help market price to recover. Market is now showing green marks which means that the market value of the cryptos are now rexovering so we should hold and invest more to earn profit as its value is recovering.
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lili song
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February 10, 2018, 05:29:21 PM |
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For me losing money in bitcoin, if we don't investment again in bitcoin. In bitcoin there is no word said losing money. Because bitcoin is investment, so investment is for a long term not short term. If the price drop down is time to hold your bitcoin or you can buy more bitcoin for investment. Don't sale your bitcoin when the price down, you will losing your money.
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Lecam
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February 10, 2018, 05:52:50 PM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
A lot of people who just started investing bitcoin during the peak surely lost a lot of money when bitcoin price's fall. That's why doing a careful research before investing is really important. Don't be driven by your emotion, not because a lot of people got rich because of bitcoin means that you will get the same result in a short span of time.
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richardsNY
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February 10, 2018, 10:34:58 PM |
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Because bitcoin is investment, so investment is for a long term not short term.
Something being considered an investment doesn't mean it's automatically a long term investment. In case of Bitcoin, both short and long term investors get what they want, and plenty of it. Bitcoin's wild and recurring fluctuations make it a perfect investment tool for slow-traders performing the occasional buy low sell high method. Bitcoin's massive future potential makes it obviously a solid long term investment. Thing to keep in mind is that people trading or performing buy low sell high, more often than not also have a seperate stash of coins they solely hold for the long term. It's a matter of utilizing your options and resources in the best possible fashion.
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crypto1010
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February 10, 2018, 10:53:49 PM |
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I suppose that there are some newbies (and some non-newbies too) out there who got invested over 10k, and are currently losing money. Losing money is very stressfull, so I was just wondering... are you cutting your losses or you will hodl your stash untill 2020 and more following an "all or nothing" strategy?
I know of an friend in one of these telegram groups that bought bitcoin when it was over $15k which was painful when it dropped but he resorted to day trading to cut his losses and I must say this guy is determined to get back his money and likely for him he sold all his coins when it dipped to 12k and bought more when people thought there was a crypto crash now price sitting over 8k his made his profit.
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