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Hell-raiser
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March 24, 2018, 10:38:59 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?
I perfectly understand the feelings of utmost disappointment and frustration that people who bought at the peak are now feeling. But here's an age-old wisdom that says that there is only one thing worse than false hope, and that is false hopelessness. Personally, I don't expect that we will soon get back to 20k or even 12k, though that doesn't mean that we are lost. There is plenty of volatility in range of dozens percentages monthly which makes it perfectly feasible to make up for the losses incurred via trading. This is what people do everyday, and they not only completely offset the losses they suffered but even earn profits thanks to volatility. |
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"Bitcoin: the cutting edge of begging technology." -- Giraffe.BTC
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bitcad4u
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March 24, 2018, 11:33:48 AM |
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I accept your friend had brought bitcoin at high price.With today value,the holding bitcoin is loss.My suggestion for your friend is just hold the bitcoin.True to you I had brought some bitcoin at that price.I was holding my entire bitcoin for my future with the hope in bitcoin to reach 20,000$ again.
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atomicgroup
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March 24, 2018, 11:34:10 AM |
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I feel you or the so called friend of yours should not have bought much during that price hype periods, in case of next time, if you are buying at all at such instances, you should not bite more than what you can chew, meaning you should only invest what you can afford to loose. As the case is now, you got no choice other than to still continues to hold, because most of us believed that by the next Quarter of the year, Bitcoin shall again boom to its upsurge or hype prices.
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xparetols
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March 24, 2018, 11:58:15 AM |
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Just imagine those guys holding these assets now. They will get rid of them asap when bitcoin reaches the level they bought at. I think that they dont want to experience that stress again. So there will be a sale at every key price level that bitcoin reachs. This will prevent it from growing too fast.
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Scavagers
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March 24, 2018, 12:06:43 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?
So I think that is the dumbest decision that your friend have done. I guess he is thinking that bitcoin will go up continuously and expecting for an income.But if you are thinking correctly, you would have thought many times before deciding so that you will not come up into an unexpected outcome.So for your friend, I feel sorry for him/her,maybe next time do not that again, we can apply here what we commonly hear, Buy low and Sell high. So applying this concept can greatly help you to earn more. For me,if I am on his shoes, surely I would not sell it because I cannot accept that I have lost too much, I will probably wait for it to go back in its peak before selling it applying the concept of buying low and selling high. |
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stepwilli
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March 24, 2018, 12:13:21 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?
Well, this is really a nightmare to him. Yes, we are all amaze in btc last year when it's reach $20k and we are all almost think that btc will reach $40k This year and some of us never thinks the dump we only think about "how about bitcoin reach $40k next year?" That word. And today some of us are really disappointed well guys it's dump time but there is still pump time  soon. It can be hard for a person to look at the present value of bitcoin and stay calm if he has bought bitcoin at 20k dollars but it would be very helpful if he simply take a look at the future values of bitcoin.The end year value of 2018 is estimated to be at least 30k dollars, giving him profit of 10k dollars and that is not a small amount. The only requirement is to hold a little longer. That should not be very difficult. It is also expected to touch 90k dollars by the end of 2020. |
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Activitycoin
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March 25, 2018, 09:02:43 PM |
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Just imagine those guys holding these assets now. They will get rid of them asap when bitcoin reaches the level they bought at. I think that they dont want to experience that stress again. So there will be a sale at every key price level that bitcoin reachs. This will prevent it from growing too fast.
It is not level of stress for them but it is way of getting satisfying life, today it is digital currency age so you must have something saved with you, digital currency is increasing in price specially the bitcoin so they are lucky who have bought bitcoin at very low price of 20k, now bitcoin price is stock market is almost 25k so if they will hold their bitcoin for few months they will surely make high profit and they will end up selling their bitcoin at price of 100k dollar after holding it for one year only. |
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beej
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March 26, 2018, 06:51:05 AM |
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I believe that may have been a miscalculated investment, maybe the thought or idea of bitcoins
reaching that high might have made that person think that it will rise further. It was obviously
very risky and from it a lot of us learned. We should never underestimate bitcoin's volatility and
avoid overestimating price hikes. The way I see it, that person wanted to ride with bitcoin's
accelerating ride, but caught it at a wrong time. It would be best to hold those investments for
the time being and wait. There is much speculation that bitcoin will overlap last years numbers
at the end of this year, there's a better chance to to profit then.
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Yaunfitda
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March 26, 2018, 07:15:45 AM |
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I believe that may have been a miscalculated investment, maybe the thought or idea of bitcoins
reaching that high might have made that person think that it will rise further. It was obviously
very risky and from it a lot of us learned. We should never underestimate bitcoin's volatility and
avoid overestimating price hikes. The way I see it, that person wanted to ride with bitcoin's
accelerating ride, but caught it at a wrong time. It would be best to hold those investments for
the time being and wait. There is much speculation that bitcoin will overlap last years numbers
at the end of this year, there's a better chance to to profit then.
That is what you really called FOMO, I guess your friend is one of those irrational buyers back then that thinks it can still go up to around $30K-$50K. On the contrary, I was lucky enough to offload most of my stash during the peak and take home the profits and re-invest if possible. I guess your friend can't do anything at this point but to hold and hope that we can still make a significant run at the end of the year. So at least to have break even on his investment. This year is really different, it seems we can't go off the ground to go to the moon again because of a lot of FUD's and banning from countries in the world. |
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monomix
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Activity: 117
Merit: 12
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March 26, 2018, 08:51:05 AM |
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i dont tell how much of his money (total funds) your friend has invested. if it is some decent part of it, it is probably not the end of th eworld, and the price may change. the story is bad only if he cant suppirt his living now.
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Johnzky
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Activity: 616
Merit: 30
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March 26, 2018, 09:00:41 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?
maybe as of this moment,your friend have sold his bitcoin when the price reached out $12,000 to cut the loss,though i didnt bought price that high.i also have a sympathy on your friend since thats a really hard day for someone who bought in the top,then suddenly need to sell on dip.but thats lofe do,and better luck for tomorrow |
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leexhin
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March 26, 2018, 09:07:18 AM |
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I would just hold my bitcoin if I have bought it at that price and wait till it recovers back,
I think that it is much more better to just hold it than to sell it while it is at a low price you already lost some money so just hold it and wait for it to recover.
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michellee
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March 26, 2018, 09:18:33 AM |
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I would just hold my bitcoin if I have bought it at that price and wait till it recovers back,
I think that it is much more better to just hold it than to sell it while it is at a low price you already lost some money so just hold it and wait for it to recover.
yes, we only have one choice for this and it is better to still hold our bitcoin until the price is back to increase again. although this is difficult for us and many people suggest to sell our bitcoin, but I prefer to hold no matter how long the price will increase again. I think if we can manage our emotion to face this, in the future when the price is up, we can make a lot of profit. so in this time, I think learning about controlling our emotion is really important. |
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Ikay
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March 26, 2018, 09:25:29 AM |
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Don't be sad there are possibilities that bitcoin will be back to its value or more than value of now so tell your friend that don't lose hope hold her btc for a while then observe the value of bitcoin then he will not repent her investment someday.
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lordquanta
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March 26, 2018, 09:59:02 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?
Fear not about the price dropping by 50%. Somewhat similar thing happened in past (2009) as well (known as mt.gox incident). The prices were surged to the 1000 or 1200$ and after the burst price plummeted to the ~$250 range. It took almost five to six years for bitcoin to recover. Nonetheless price of bitcoin will recover in future provided that one needs to wait till that time comes. |
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btc78
Full Member
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Activity: 2492
Merit: 212
Eloncoin.org - Mars, here we come!
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March 26, 2018, 10:06:24 AM |
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Don't be sad there are possibilities that bitcoin will be back to its value or more than value of now so tell your friend that don't lose hope hold her btc for a while then observe the value of bitcoin then he will not repent her investment someday.
but we must be ready to the possibilities that this is the trending price of bitcoin,and will stay on this position ,maybe this is the correction prices and this will continue so most of the shit coins will die,and the market will back to its concept,no bullying and no correction needed. |
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eugene30
Sr. Member
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Activity: 338
Merit: 250
What have you done. meh meh
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March 26, 2018, 10:08:58 AM |
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Don't be sad there are possibilities that bitcoin will be back to its value or more than value of now so tell your friend that don't lose hope hold her btc for a while then observe the value of bitcoin then he will not repent her investment someday.
I think it's normal for them to get sad and anger at the same time especially if those investor are newbies or new to the crypto markets. Buying at those highs will be so upset for them. I think the best way they can do is just hold their coins and relax and forget about everything they invest here in bitcoin and just come back after it rise or they learn new things about bitcoin so they will learn how to earn more here. |
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CoinChili
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Activity: 239
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March 26, 2018, 10:17:21 AM |
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Basic principle that everybody always been taught but hardly implement "Don't invest you dont want to lose in Crypto" a simple but powerful, if you afford to lose what you invested and made a mistake buy buying in high price tendency is that you can afford to wait for the price go up, and definitely it could go up, its a Crypto's lifecycle
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Alalex
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March 26, 2018, 10:47:37 AM |
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I see the title of your topic about rising bitcoin prices, but which, while you ask, from losing your friend's investment with cripto money.
Now I will explain that when bitcoin prices rise high they surely benefit from investing cripto their money.
Judging from the amount saved if that time they deposit their investment deposit with a large amount of course they will also get more profit, That is the advantage of us invest cripto money.
As our savings will increase as the cripto money goes up, but if they deposit their deposit with a small amount.
They still benefit from investing the cripto money they invest in, even though their investment deposit benefits are minimal.
So they will definitely benefit if we invest cripto money. Investing in cripyo money also raises the risk of losing some of the cripto money reserves we invest.
No need to feel sad to see your friend who lost a lot of saldobdeposit savings because they are not actively focus on investing cripto money, this is a lesson for oarang who do not focus on cripto money investing.
Because obviously they experience a loss when investing cripto money.
So as good as possible should be considered if you do not want to lose some of the balance of cripto money deposit.
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Hell-raiser
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March 26, 2018, 10:48:33 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?
So I think that is the dumbest decision that your friend have done. I guess he is thinking that bitcoin will go up continuously and expecting for an income.But if you are thinking correctly, you would have thought many times before deciding so that you will not come up into an unexpected outcome.So for your friend, I feel sorry for him/her,maybe next time do not that again, we can apply here what we commonly hear, Buy low and Sell high. So applying this concept can greatly help you to earn more. For me,if I am on his shoes, surely I would not sell it because I cannot accept that I have lost too much, I will probably wait for it to go back in its peak before selling it applying the concept of buying low and selling high. We are all wise in hindsight, and Google comes up with as many as 74 quotes on the theme. The point is the longer you think doesn't automatically make you any better off in the end. In fact, it is often quite the other way around. That dude may have hesitated to buy at 10k, then at 15k, only to buy at the peak and soon see the price plummet like a stone. The concept you mention - buy low and sell high - is useless in and of itself because every successful trade eventually comes down to that truism but it doesn't tell anything what you should do in practice and which steps to take to get there. And we all sort of understand it. |
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