mOgliE
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February 13, 2018, 11:31:32 AM |
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WHY WOULD YOU SELL???
Sorry for screaming but seriously, I don't understand such questions.
If he bought at 20k, then he has to wait until the price gets higher. There is no wonder here!
If you invest in bitcoin just to make some profit (which is not the aim of bitcoin, just saying), then you hold until your profit is ensured. Once the price s higher, I understand that you may wonder "do I wait or do I sell know" but until that point, there is no question.
Just consider the situation:
- if you sell now, you are 100% sure you have losing money
- if you wait, there is a chance you never get your money back, at all (let's say if bitcoin suddenly dies) but also a chance (with higher probability) that if you wait enough, you will make profit
So it is quite simple, right? And if your friend cannot afford to wait quite long (1, 2 years maybe), then he shouldn't have invested first. Only invest what you can afford to lose and behave with your bitcoin as if it was unexisting money!
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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Nasty23
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★Bitvest.io★ Play Plinko or Invest!
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February 13, 2018, 11:52:32 AM |
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I think they could still hold their bitcoin until the price is back to increase so they can get their money back and after that, they can wait if the price is down again. but I am not sure how long they can hold their bitcoin because we are now on the down of the price so maybe they need to be patient while the price could increase in anytime.
Yes patients is the most important emotions in every trader in crypto because if you don't have enough patients every time there is a loss or missed a possibility to earn a big profit. The price of every coin are changing anytime that's why it can give us a possibility to earn. If we have a research about the coin we should not worry about investing on this because we know that this coin will give us a big profit in the future. |
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Sled
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February 13, 2018, 01:24:30 PM |
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I think they could still hold their bitcoin until the price is back to increase so they can get their money back and after that, they can wait if the price is down again. but I am not sure how long they can hold their bitcoin because we are now on the down of the price so maybe they need to be patient while the price could increase in anytime.
Yes patients is the most important emotions in every trader in crypto because if you don't have enough patients every time there is a loss or missed a possibility to earn a big profit. The price of every coin are changing anytime that's why it can give us a possibility to earn. If we have a research about the coin we should not worry about investing on this because we know that this coin will give us a big profit in the future. I agree with you, that is the advantage of making a good research about the coin because you will be having a good fundamentals that is enough to make you confident about your investment and you will not lose any of the chances of making a profit because you will be holding and not selling since you are confident about the things that you have read and also because of the team and the project itself of the coin. |
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alfs75
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platform for everyday business
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February 13, 2018, 01:49:46 PM |
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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?
Will i thinks many of us here,would experience as things happen in your bestfriend that loosing almost half of your capital. actually i also experience this things happen now,of doubting my own decision either i sell all my bitcoin or just hold it in long period of time,but me it came out into my mind that i want to sell all my left bitcoin in this current price and try to buy later if the value in crypto market will return to its normal price in the block chain. |
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Naficopa
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February 13, 2018, 07:16:01 PM |
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Unfortunately, learning is sometimes expensive. As he bought for 20k $, he counted on the price to rise. What has changed now. Everyone knows that the price of bitcoin varies greatly. If he still believes that the price will increase, it makes no sense to sell.
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Yatsan
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Leading Crypto Sports Betting & Casino Platform
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February 13, 2018, 07:21:08 PM |
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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?
HOLD. that's really unfortunate especially at this moment wherein its market price fell down for about 52% of its value before the crash. But take a look in the market. Currently, there are signs which shows that the market is beginning to recover from the downfall it encountered and that's a reason to hold and more likely, to invest now. |
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shinchan123
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February 13, 2018, 07:48:24 PM |
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Selling now would not be the best choice for those people who invested during the ATH back in December. They probably thought the price would stabilize with high hopes of even doubling up. I can't say it was a bad decision, they definitely had reasons. It must be tough for them now but selling now is not the answer, it's just a definitive loss. Just give it time to recover or better yet seize the opportunity to invest and enjoy the low price of 8.5K USD.
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gentlemand
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Welt Am Draht
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February 13, 2018, 07:56:48 PM |
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With Bitcoin I was probably 50% or more underwater for several years. I went into it knowing that might be the deal, and it certainly did not disappoint me. At no point did I plan to sell.
People who got into it expecting endless gains are silly sausages. If your man can afford it then he may as well stay put. If he has pressing bills then it's a no brainer.
If believes he's going to lose all despite everything that's happening every day then he either needs to educate himself or man up.
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CoolSkeleton
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February 13, 2018, 08:32:19 PM |
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i miss this, when bitcoin reach 20k usd? anyway, sellling it now is not the best idea, it rising again, and fast. mb it's chance to buy it again while it not 20k$)
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Finestream
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February 13, 2018, 10:34:18 PM |
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i miss this, when bitcoin reach 20k usd? anyway, sellling it now is not the best idea, it rising again, and fast. mb it's chance to buy it again while it not 20k$)
Me too.I wasn't able to buy bitcoin at that price range,it's not really advisable to buy at that very high rate.Now that the price has decreased to half of it,you should never think selling of your coins,or else you will just lose a huge amount.Keep on holding to your bitcoins,i'm pretty sure it will still reach a new height in the coming months or years. |
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chickenado
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February 13, 2018, 10:57:04 PM |
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i miss this, when bitcoin reach 20k usd? anyway, sellling it now is not the best idea, it rising again, and fast. mb it's chance to buy it again while it not 20k$)
Well I agree on that I believe that bitcoin can really rise up high than $18k in the near future in fact some of the speculation says that it will rich 50k use in th end of year 2018 so then if we have patience to wait I believe that we can really earn more than a half of what we invest into bitcoin. |
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rosepetals
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Financial aid for users: https://bit.ly/2SMY8gi
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February 13, 2018, 11:23:33 PM |
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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?
Im not a bitcoin expert but this is just my opinion just tell your friend to hold his bitcoin, so far today its recovering and most probably it will recover more.Let him think positive and dont get discourage i thought he was just test how courageous he is in his investments.In the first place he already knows that investing in a digital currency involves risk so he must be patient to get profit in his investments and not to cut his losses. |
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Glorious04
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February 13, 2018, 11:41:15 PM |
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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?
It is stupid to buy Bitcoin or any cryptocurrency available on the market on its all time high (it will hardly grow and expected to drop anytime) but he is more stupid if he will sell all of it right now, selling when you lose huge amount in trading or investing will not solve the problem, selling will just make it worst. If I did invest on the price range of 18-20k USD and the price falls to $8000, I would rather hold it for a long time until it recovers, I don't care how long. But he should've sell it and cut his loss when it already drops 10-15% because that's the safest way and use that money to re-buy on the dip. I think he listened to speculations because during that time a lot of speculations were coming out that bitcoin price is going to reach 50k USD so someone who has no experience will indeed grab the opportunity with out thinking twice. But i hope this person will recover his losses. |
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dreico
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February 14, 2018, 12:12:29 AM |
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I think that these people keep bitcoin at home and do not even think about selling it as it will not be profitable for them
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dynospytan
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February 14, 2018, 12:27:19 AM Merited by Gabrieelle (3) |
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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's sad for him mate. I think a lot of people experienced that. When bitcoin price reached its peak price or starting to increase, it is getting more popular that's why a lot of people chose to buy because they were hoping that they will get profit on it even the price is increasing. But as we all know, investing in bitcoin is slightly risky, you might get profitable or get lose profit. Aside from that we cannot predict what will be that price of bitcoin in the future that's why a lot of people are having 2 thoughts of buying bitcoin because they are afraid. Well, that's normal. If I were you sir, encourage your friend to not lose hope. There are many ways there to recover his lose money. |
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bohr
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February 14, 2018, 02:32:13 AM |
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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.
Oh brother this is hard to bear. We can feel the pain of such people who invested in bitcoins when they were like $20k and that was their mistake. Never ever invest in any coin unless the prices are found to be at lowest price according to the time era. Bitcoins were higher than and every wise person was advising not to go for bitcoins in terms of buying. Still, don’t panic brothers. This shows lack of patience, not only we must know when to sell and wait for the perfect time, sometimes is even more important to wait for the right time to buy, if the market is stable you can buy knowing you took a safe decision but if the price of the coin you want to buy has never being that high then it is a terrible idea to buy, you must wait, if those people waited just a month they could have bought bitcoin way cheaper than they did. |
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Jmabion134
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February 14, 2018, 02:53:54 AM |
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if i am your friend i will hold my bitcoin and i will keep buying it because many investors will investing again and the price will climb up again
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Valzzz005
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February 14, 2018, 03:10:49 AM |
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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?
They must be very disappointed to what happen to bitcoins because they thought that the bitcoins will go up to the moon which is not because as what the statistics are showing eveytime the bitcoins goes up the bitcoins will immediately go down a hard fall bit the other people still pursue in buying bitcoins. But i know that the bitcoins will rise again my advice to those people is to have a lot of patience in holding a long time because the bitcoins will take a lot of time before climbing back to the moon. |
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Adioliver
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February 14, 2018, 03:15:42 AM |
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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?
Was your friend high on drugs or something like that at that moment,man !!! That's crazy,who would invest in bitcoin when it was at it's highest ever reached value that's ridiculous.Yeah it's natural that he is desp now.But ask him not to lose hope and not to sell his bitcoins now.At least wait until the bitcoin gains value till 15-20k$. |
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Karmakid
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February 14, 2018, 03:15:45 AM |
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They just have to hold their bitcoin and wait to recover,
I think there is no need to sell it at a low price specially if you don't need the money at the moment.
You just have to leave it and comeback when the price is back at the price that you want but I guess it would take some time.
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