I bought at 19k, now what?

[Silberman]

I understand how frustrating it can be to see the value of your money continuosly decline over the past few weeks. To redeem it's value back, I guess the best thing you can do is just wait, be patient, and hold. Bitcoin already has reached its resistance which is why sooner or later, it would rise. Selling won't do you any good and justice for your investment, so just hang in there. You will get back your money or even have it multiply in value soon enough.

This happens when someone invests when he does not have any knowledge about the markets, while I have a strong believe in bitcoin I was not going to buy bitcoin at 19k, he was basically asking for the whales to take his money away from him at that point and while bitcoin will eventually recover and go even higher I do not know if a person that is able to make such a huge mistake should remain in the market.

[1714877029]

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[1714877029]

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[joaco]

I understand how frustrating it can be to see the value of your money continuosly decline over the past few weeks. To redeem it's value back, I guess the best thing you can do is just wait, be patient, and hold. Bitcoin already has reached its resistance which is why sooner or later, it would rise. Selling won't do you any good and justice for your investment, so just hang in there. You will get back your money or even have it multiply in value soon enough.

This happens when someone invests when he does not have any knowledge about the markets, while I have a strong believe in bitcoin I was not going to buy bitcoin at 19k, he was basically asking for the whales to take his money away from him at that point and while bitcoin will eventually recover and go even higher I do not know if a person that is able to make such a huge mistake should remain in the market.

He'll lose everything buying at the top and selling at the bottom, don't worry!

[mustbaro]

I think this is happening because we are very optimistic about bitcoin values even for short term, which in the end are all out of our control. It's better to keep holding than we lose nearly 50% if we sell it now.

[Barbarian]

Maybe you are not going to like this but you have made the first mistake when you bought at 19000$. You probably expected the price to reach 25000$ or more but that didn't happen and you're in trouble. To make it simple you invested more money than you could afford to lose. And with money you actually didn't have. Huge misjudgement.
I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.

That is usually the first mistake a whole lot of people normally make which any smart investor will never make, even if a smart investor wants to buy at the top, they only use very little percentage of their free money in case the market keeps moving up the more. Originally, they would wait for good dips like the one we have right now and load in, let alone someone who decided to go the credit way. Like you said, better to just hold and be hopeful as that is the only choice he has now.

Other than holding and waiting, if I were into such a situation then definitely I will try to reduce the buying price levels by averaging methods like buying at lower than original buying.

But most people that invest in bitcoin for the first time do not have any knowledge about investing and have never read a book about it, that is the problem they think they can get rich quickly and think they need to invest right away when we know very well that is the fastest way to lose your money.

[paymentbit21]

Nothing, just hold, and believe in the rapid growth of bitcoin. The main thing is not to panic!

[biboy]

Maybe you are not going to like this but you have made the first mistake when you bought at 19000$. You probably expected the price to reach 25000$ or more but that didn't happen and you're in trouble. To make it simple you invested more money than you could afford to lose. And with money you actually didn't have. Huge misjudgement.
I suggest to hold that what you have, so forget about that funds as long as it takes to get to that value again.

That is usually the first mistake a whole lot of people normally make which any smart investor will never make, even if a smart investor wants to buy at the top, they only use very little percentage of their free money in case the market keeps moving up the more. Originally, they would wait for good dips like the one we have right now and load in, let alone someone who decided to go the credit way. Like you said, better to just hold and be hopeful as that is the only choice he has now.

Other than holding and waiting, if I were into such a situation then definitely I will try to reduce the buying price levels by averaging methods like buying at lower than original buying.

But most people that invest in bitcoin for the first time do not have any knowledge about investing and have never read a book about it, that is the problem they think they can get rich quickly and think they need to invest right away when we know very well that is the fastest way to lose your money.

Since he has bought at such big amount so if I were him just continue to buy now at the price ranges to $10l-$11k before it will rise again so that the lost he has suffered in a couple of months will eventually compensate when the price will go beyond $11k, take risk again.

[KwizatzHaderach]

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

The answer is to buy more and do not sell. If you are in for the quick buck then bad news, if long term, still got hope by cost averaging. buy more at the current levels to lower your average cost. Sell when it is above or break even.

[icopir]

wait until the price has risen to the point that will suit you financially, and so gain patience and keep it in your

[greenclub09]

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

[arseaboy]

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,
buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.

[helen28]

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,
buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.

You are right, because if he would sell what he bought at $19k then he just like commit suicide, so just wait for the right time to sell again, and if possible you can still buy now that the price is still low so that would balance your losses and can still gain when you really want to and if you are still interested right.

[usam_coiner]

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,
buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.

You are right, because if he would sell what he bought at $19k then he just like commit suicide, so just wait for the right time to sell again, and if possible you can still buy now that the price is still low so that would balance your losses and can still gain when you really want to and if you are still interested right.

those who bought at 19k they need to be patient because bitcoin prices will not stay like this forever they will increase but will take some time to run on the right track and i think those high price investor must not check prices daily.

[nidacoinlove]

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,
buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.

You are right, because if he would sell what he bought at $19k then he just like commit suicide, so just wait for the right time to sell again, and if possible you can still buy now that the price is still low so that would balance your losses and can still gain when you really want to and if you are still interested right.

I don't think he is in a position to buy more because his already purchased bitcoins have come from a credited amount. This is a blunder that people do usually, knowing that the bitcoin price is too uncertain and still they buy with the borrowed money. It is just an economic suicide and nothing else.
People usually miss an extremely important element which is risk mitigation while jumping into business. It would have been much better to distribute your investment into few potential cryptocurrencies instead of following only a single Bitcoin investment. During this should time since Bitcoin faced the dip we saw some great rallies made by the alts. Even now you have the chance to not only wait for the bitcoin price to recover but to invest in the potential alts, this is how your chances to drift out of a financial crash can be reduced a lot.

[STT]

Never mix credit with crypto, its bad news.   The risk you take entering this space is substantial as is always the case with cutting edge industry hence the name !   There is nothing wrong with crypto per say or taking an interest but have a care about risk management.

You are all the way at the opposite end of the spectrum to gold.     One end is a solid inert metal that barely changes over thousands of years and keeps its price, this end with crypto super highly volatile and exchanged constantly around the world.  The product itself is  morphing and adapting to meet world commerce needs and capture part of the currency exchange market and facilitate world commerce.   Gold is safe and boring but also can be gained (vs FIAT) with time over say a decade.   You might flip a profit on crypto over night or dare I say it, maybe lose it all especially on alt coins which can be trash or amazing growth.  

Do not leverage an already opaque hard to judge situation, its really bad news.   This is gambling, if you borrow to gamble then I guess my words fall on deaf ears.  In that case good luck and dont let you nerve fail you

[kriptotr]

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,
buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.

If one bought it from the highes price, he will have to wait for another bull market. There is no other option for him honestly if you ask me.

[boranes]

i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.

What the hell?
OP said he invested $57K, no, he said he took a credit and bough bitcoins, he has lost half of money(if he sells) or $28K and you suggested him to buy more bitcoins?
No, he should only hold and not buy more because he has invested more than he can afford to lose.

[crypto1010]

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

Depending on the duration you got that 3 btc

I think you could actually make a good return form participating in good ICOs especially those that have a bonus attached

and when token hits the exchange you can then make 2X or 3X short term profit then payback this credit/loan..

[Guryon_master]

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

Oh no! You are in a win or lose situation. But your chance to win is now depends only if bitcoin will surpass the 19k price since you bought it at that price. But this will only happen if you can manage to hold your bitcoin for the long time. Without the combination of this two thing you will surely gain nothing.
You have another option while waiting for bitcoin to recover, try to invest a small amount in other cryptocurrency or in the ICO but study it first before joining for security reason.

[Uno17]

I am one of those who were able to buy at 19k, but then i was able to acquire also during below 9k inorder to balance my loses, because this is how i look at it, when i got lose i will try my best to buy more to replenish at least the loses, because i trust more that after the big dip, there will always be a bounce back of climbing high more than the percentage of dipping happened.

[francedeni]

I am one of those who were able to buy at 19k, but then i was able to acquire also during below 9k inorder to balance my loses, because this is how i look at it, when i got lose i will try my best to buy more to replenish at least the loses, because i trust more that after the big dip, there will always be a bounce back of climbing high more than the percentage of dipping happened.

That's also a good decision when at dips buy some to cover your loses. Market will tends to grow just like now price is slowly stable and hopefully will continue to bounce back into higher prices. But never came into panic selling because you will experience of losing your btc.