Those who have invested in bitcoin when it was 18k-20k$

[Midoproj]

I really hope it wasn't an amount he isn't willing to loose (investment rule #1, as you surely know)

I got in at about 12000, very frustrating yes. But with everything I read here and on other various investment sites, I came to the conclusion that I would not look at the price again until early 2019 (as everyone strongly believes that new Highs will be seen, it's just a matter of time). It was regarded as a long term investment anyways, so it's a lesson for me to withstand FUD. So I'm holding.

I advise to regard it the same way. Best wishes.

[Erza]

I suggested them who bought at that price to not look at their portfolio in USD, i personally keep buying as much as i can, no matter the price. Even though i'm HODLing but you know it's painful seeing the price crash down, although the price will be recover. The point is just to buy low and sell high and what if the price keeps going down? just Hodl them until zero

It is not easy to be really this much patient with your coins because of the unstable human nature of like not everyone has that much good control over nerves. The investment that people have made is again not few dollars, it is in thousand dollars.

I don’t know about other coins but as far as bitcoin concerned, I am sure that this coin is going to make you proud of yourself soon and change your lives completely.

But how do you even feel that you bought at $18,000 then it is drop like today? If this is free money then it will be easy to spend it away but how about if people invest most of their money here? How do you think they will feel? It happened to me but not for bitcoin and it is not that much but still it is really hard for me to recover back when it is drop this much. Everyone just can hope the price go back to stable state

[Mainman08]

If your friend invested on that high price. He should hold his bitcoin until the bitcoins price will recover. Tell him do not panic to much. Because panicking will lead him to wrong decision.

[munify]

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

Holding the bitcoin is better for now, the bitcoin price is very falling and your friend will really lose if selling it now. Try to survive and be patient because bitcoin will improve.

[balamuda]

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

Yes, I can understand your friend's feelings due to the fall of bitcoin. You can advise your friends not to sell the bitcoin at this time, leave the bitcoin in the wallet and do not remove it.

[shezu007]

No issue for that people also. I think all those who are investing such a big amount then they have high patience quality and they are not fearing from any situation they always think positively. Those people will still continue their buying process and play for this time and as price again touch that range then they will be start playing with time coins also.

[DU18]

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

I think your friend should wait.Because price will not fall down always.We know last some days bitcoin price is falling down.But I am pretty sure that in some months bitcoin price will pumping up like before.So we should keep waiting and trust bitcoin.I also bought 3BTC when it's price was 15K USD.But now I lost 27k usd but I still hoping that bitcoin won't disappointed me.I think your friend should wait for more couple of months.

[mrcash02]

No issue for that people also. I think all those who are investing such a big amount then they have high patience quality and they are not fearing from any situation they always think positively. Those people will still continue their buying process and play for this time and as price again touch that range then they will be start playing with time coins also.

They just need to keep in mind some months ago BTC was pricing the exactly currently price. Few months could be considered short term, and on short term everything can happen, even if it looks too strange for us at the present time. I believe those who bought BTC for $18.000-$20.000 should forget about it for some time, just store it on a safe place and wait for the next bump. To sell it would be a big mistake...

Bitcoin isn't an investment for short term investors.

[kyori]

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

Luckily, I didn't invest bitcoin last December and if I were invested in the peak season and the price goes down more than 50% I will also lose my hope and will sell all my bitcoin because it will make me worry so much

[latoxine34]

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

Yeah....I have a friend too, who have erection problems...

[Taki]

You need to help to your friend to stay away from impulsive sell. He may think "better to sell now to have at least this money than nothing", but if he do so he is going to regret his move again, cause it is just period of time after some huge money stealing, everything will come back on it's places in some time. Your friend needs just pation and you have to support him in that. Good luck guys!

[bitbunnny]

When Bitcoin had such high price it wasn't the most convenient time to invest. But those who have bought then thought the price will jump to 30000$ or even 50000$ soon. Of course that wasn't very realistic to expect but now what is done, is done, no turn back. So don't make another mistake and sell now with such big loss.
Wait and hold, it might take a while, even months but be patient, it will pay off.

[MIZANUR5033]

Sometimes you can get lost from your respective work place but you shouldn’t give up. Bitcoin is a very interesting and helpful coin and it is one of the best coins in this world but like all things it has some disadvantage too and decreasing price is the most harmful for those people who have bought that at high price.

Suddenly its price reached at 18k-20k$ and after some time it falls down at that’s 50% rate. It is a very simple matter because any time its price can be increased or decrease so if you don’t have any emergency then you should wait for its increasing of price again because it can increase its price again after some day. Otherwise, sell them at a reasonable price but you should wait till the expective amount if you don’t have any big emergency.

[JuniAiko]

IMO, don't expect quick gains from cryptos, unless your are a whale (who's already rich) and experienced with speculative trading in general.
Small traders will find it hard to beat the big traders in the speculative gambling game.

Just like with those who made it big before us, the way to realise a significant gain is to enter when the price is low (i.e. the market crashes due to panic induced over-selling). Then HODL for the long term regardless of the volatility and look at it in 2 or 3 years time.

I prefer to INVEST in cryptos, and not here to trade/gamble on it base on day-to-day or week-to-week price volatility. I believe in the selected cryptos that I am now HODLing.

I previously entered with a bit of my dispensable savings of 5kAuD when the price was at 5kUSD; and I recovered that 5kAuD when the price was at 16kUSD and only play with the profits (which means that if BTC crashes, I would have lost nothing). And now, I have re-injected 8kAuD when the price was at 6.1kUSD earlier.

[TiffanyLien23]

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

I have the same situation with your friend. I have bitcoin during $18k-$20k was cost and now i lost almost 60% of it and i feel the same way, i was disappointed and feel so down. But i didn't lose hope that bitcoin will recover again. I dont want to lose all my money im bitcoin by selling it now. So i suggest that just keep on holding and wait for the bitcoin to risenup again.

[richardsNY]

I believe that most of them have already sold their bitcoin. And if they can sell their bitcoin above $10000, they are quite smart. For those who decide to hold bitcoin, it is not a bad idea but you will lose a chance to do something with your capital. Your balance will likely to be frozen for a few months

It's not smart at all to dump your coins at $10k when you bought them at +$18k. In this case if people have done that they could have bought back lower, but you in most cases don't get such opportunities -- it's a major gamble that may cost you badly. On top of that, people who sell at $10,000 will probably keep waiting and waiting for the price to go down, and will miss out and then still buy back at +$10k levels. If you have the balls to buy at $18k, then at least stick to your investment with the same confidence when the market tanks. If you sell at a loss once, you'll likely do it again at a later point in time. It's a sign that you can't handle this market and for that reason should refrain from investing in Bitcoin.

[Shamie1002]

Encourage your friend to hodl. If he sells now, his loss will be permanent. Try to calm and just wait for it to go up again. Though we expect for slow recovery, he should be patient.

Many have been shaken and he should not be one of them. Panic selling doesn't make any good effect.

Markets go extremely down and gets harder to recover upon users abandoning bitcoins.

In my opinion, its easier to make the market go down through selling than make it go up through finding investors.

[Chris314]

This thread underlines again the importance of investing only what you can afford to lose, or at least what you can afford to lock for months/years. The person who puts all his money in btc at 18k$ is in a bad situation now as he'll lose more than half of his investment if he sells now, but won't have needed money if he holds.
If your daily life don't depend on your bitcoin investment, then you can hold and don't have to panic sell. Bitcoin remains a strong currency and will recover one day like he already did before.

[icopir]

Everyone at the time thought that the price would rise but she suddenly went down, now so as not to be at a loss we have to wait when everything goes up

[The Alchemlst]

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

That would be very stressful seeing that investment crash down so much and it is very risky to buy during peak season since it is bound to fall after that but that doesn't mean that the lost bitcoins this month will not be able to restored though he/she will have to hold with a longer period of time.