I bought at 19k, now what?

[AjithBtc]

I too bought at $16000, expecting the price to reach $20000 or even higher. But the price went low towards the value around $6500 in no time. With patience keeping hold to get back the value of the bitcoin at which I bought. I believe soon it happens, as the market is growing good.

[Saidmod]

I too bought at $16000, expecting the price to reach $20000 or even higher. But the price went low towards the value around $6500 in no time. With patience keeping hold to get back the value of the bitcoin at which I bought. I believe soon it happens, as the market is growing good.

There's really no need to worry if you bought at that price using your spare money and incase you need an emergency money you will not be able to use that money you use to buy. Bitcoins price will go back and grow more higher in time, patience is the key and our enemy here if our emotions were conquered by negativities it will break down and a result you may think of selling it.

[Nahl]

being worried is normal because you don't want to losing your money especially bought 3 btc at $19k is pretty expensive price even we don't know how long bitcoin will reach to $19k again so you're face up difficult situations because if you sell all of your bitcoin then possibly you will lost almost half of your initial capital but if you dare then don't sell your bitcoin immediately because i'm pretty sure someday bitcoin will hit again to that price but the problem is a lot of patience is necessary to do so

[Pejoh Asu]

Many users are worried about the development of bitcoin, the price continues to decline some time ago makes everyone must cut loss because they sell cheaply, I suggest to be patient waiting so we can get a better price and it can happen later this year .

[bitllionaire]

I too bought at $16000, expecting the price to reach $20000 or even higher. But the price went low towards the value around $6500 in no time. With patience keeping hold to get back the value of the bitcoin at which I bought. I believe soon it happens, as the market is growing good.

Although i have bought bitcoin when its price was trading in 4000$ but still i am holding it, although the price reached to 20000$ but still i did not sell my bitcoin at that price because i was thinking that its price will hit 25000$. but i am still too much confident that bitcoin price will easily hit 25000$ very easily and that is the reason that still i am holding my bitcoins.

[gabmen]

Many users are worried about the development of bitcoin, the price continues to decline some time ago makes everyone must cut loss because they sell cheaply, I suggest to be patient waiting so we can get a better price and it can happen later this year .

Right. And at the current state, if you bought in at 19k you're halfway to at least breaking even. That is after a 3 month bloody market. Just try to look into positive aspects of it. If you haven't sold yet then good for you. Give it a little more time

[faatipoke]

how is your status right now op? you could take back your losses during the last month of altcoin season. we did not reach 19k in bitcoin yet, however altcoins made us profit recently. you have to trade altcoins and increase your bitcoins, and then wait for new ath for bitcoin.everything will be fine.

[icoworld]

I think you should wait for the rise in prices because now the sale is not relevant for you

[goyald2801]

I bought 3 btc on credit for 19k about. What should I do? I am way underwater.

problem is not that you bought bitcoin at 19K USD which was at peak . bcoz it will come back to this price in few months or 1 year .
but why you guys take loan/credit for buying bitcoins . it is completely wrong approach .

while buying any coin in FOMO we should assume it can be 0 tomorrow
while selling any coin in Panic we should assume it will be at peak tomorrow .

[goyald2801]

how is your status right now op? you could take back your losses during the last month of altcoin season. we did not reach 19k in bitcoin yet, however altcoins made us profit recently. you have to trade altcoins and increase your bitcoins, and then wait for new ath for bitcoin.everything will be fine.

now altcoins season may be on hold bcoz if btc break 10k USD then people will sell alts again and buy btc .
so only way to increase bitcoin is manual trading with lot of experience . or just wait till Q4 .

[Mrjitter]

the best advice is the one where you need to be patient and wait for the price increase until the moment where your expenses will be justified

[dynospytan]

I bought 3 btc on credit for 19k about. What should I do? I am way underwater.

I will update my reply for this post later.

[olumyd]

The best thing to do is to hold, this has become a long term investment opportunity for whoever bought at that all-time high; however, if you are that desperate then you should try and sell and make the difference later on. However, I must assure you that there were people who had bitcoin when it was much lower that 1k and sold and are regretting it now, maybe even wishing it should come back to that low again.

[virtualkeybuyer]

Nothing needs to be done. You're an investor now. Look once a year at your investment. You can buy a little more at a lower price.

Yes that investment will bring the fruits in the coming month as the price will overpass to that value and if now he have some more money then he have to buy some more at this lower price so that he will continue to get more profit with his trades. Do not worry about the price as it often happens in crypt but sooner the price recover and recover every lose which a trade face.

[cengsuwuei]

you only have 2 option
still hold long term or you can cut lost, another option  use margin trading or lending
you can margin trading in poloniex, bitfinex and bitmex

huobi.pro open margin trading too, but iam not understand play in there

[btsarmyjr]

You should wait mate it will raise once again trust in bitcoin and wait

[NavI_027]

To be honest, that's definitely frustrating . I can't also imagine myself in a situation where my losses is now slightly more than half of my input. I understand if their advices about hodling will not sink in your mind because of stress and confusion. But I'm sorry to say, you must do it because that's the best option to do. Just stay calm, be brave and wait for btc to skyrocket again.

Here's a tip, look at your savings in terms of btc not in terms of fiat to at least feel some relief.

[thecodebear]

If you have money now you should be buying all the way back up to $19k. That way your cost average goes down.

But in general the solution to you problem is to hold long term and sell in a couple or a few years when it hits 6 digits.