I bought at 19k, now what?

[icopir]

Wait for the growth of prices and keep it at home until this moment, I think it is not profitable for you to sell it now

[1714230504]

1714230504

[jhonjhon]

Wait for the growth of prices and keep it at home until this moment, I think it is not profitable for you to sell it now

I may not thinking that he/she can manage to hold it such a long time of waiting without knowing when it comes. Sadly is just a big loss for you at this time but much better if you just start investing altcoins to cover up some loses while holding your tokens inside .

[Qwantoom]

Just HODL and forget about it for a year and you'll lose nothing and getting double at least back.

[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.

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.

If you buy when the price was high, and then you buy when the price is low you can lower the average price of your investment, this is important because it allows you to be in profit faster but that is something that you should do only when you are sure of the coin in which you are investing.

[Question123]

You lose your 50 percent of your money,  the only you must to do right now is to hold your bitcoin because if you sell your bitcoin you lose your money.  So just hold it so you can make more profit and your money back.  You can buy bitcoin now because the price is $9000 and you will earn alot of profit. I think you need support before you buy again better to have extra money incase of the emergency.

[Saidmod]

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

I don't know if i will going to elaborate more or stick to it. I am going to give an advice and if you wanted you can ask again.

What you can do is to hold your bitcoins until it goes back since it was almost half but this takes a lot of weeks to months to recover.
Another is to buy and hold some of the dippest altcoins that has a been proven its fundamental or a little bit risk to the newly tokens that is about to explode.

[icoworld]

A good tip for you is holding the bitcoin in your room until the price rises, I do not think that currently it will be profitable for you to sell it

[DMiracle1]

Hold and wait. This is the very best thing that you can do. Nothing else. Don't listen or watch news that has something to do with bitcoin or any cryptocurrency. Do set a time frame for your investment then forget all about it for now. If i may, setting your time frame with a goal in mind is a very conducive thing to do.

[AnonBitCoiner]

Up to now,your holding bitcoin value is low.But it's not a permanent one,just hold your bitcoin.I am sure bitcoin will raise greater than 30,000 by this year.If you hold till this year end,you will get huge amount of dollars for this holding.In bitcoin trading,holding make you to free from loss.

[Barbarian]

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

I don't know if i will going to elaborate more or stick to it. I am going to give an advice and if you wanted you can ask again.

What you can do is to hold your bitcoins until it goes back since it was almost half but this takes a lot of weeks to months to recover.
Another is to buy and hold some of the dippest altcoins that has a been proven its fundamental or a little bit risk to the newly tokens that is about to explode.

You are giving good advise but at the same time we cannot forget that he bought those bitcoins on credit, if he used a credit card then this means that the interest rates are going to be very high and since he bought those coins on credit to begin with I really doubt that he can pay the debt so he is in a deep hole that is going to be very difficult to get out.

[Sahyadri]

Since, you bought at pumped price, go long on your holdings. Forget your bitcoin at least till Q4 of 2018. Price will go uptrend by the end of this year easily. If you are interested in trading or investing more, get in the coins after G20 summit and forget your older investment as for now. Right now buy more to average out your $19k buy range.

[darkangel11]

Up to now,your holding bitcoin value is low.

It's not low. 9000 USD is nothing to laugh at! His value is lower than at the time of buying, but it's still high.


My answer is of: HODL

No joke, if you bought for 20k and haven't sold until now then you have:
1. Balls of steel
2. Suicidal tendencies
3. A total lack of investment skills

But since you're so deep in it you might as well wait for a couple months and see how it goes. You're already screwed and BTC is on the rise, so it's not a tough choice.

[Jjunpat]

Hold you btc is the right thing you need to do now and visit the coinmarket every other week because the prices are recovering but keep on attempting to get higher to $11k-$12k from $6.7k dropped early this year but still pushing its upward movement but more on downwards so take your time to wait for the best price to come. I was really pressure lately because I started investing btc at $10k. So I never bother watching the market unless I can read or hear here some good news price hike in the crypto market.

[uslfd]

I'm surprised so many people here just advise OP to hold.
OP, do you realise there is a chance btc might not rise to 15K in the next year?
You're incurring interest rate every single day on your credit card purchase.

[lifengpu]

if I were you, I would keep it in my place and not give in to panic so as not to accidentally sell it, you need a little patience to wait for the price increase

[iMark]

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

Absolutely you are losing mate,  it's price today continuously at half since you buy it.  There is only 2 options for you,  sell it and buy other coins or keep on holding until price will be back again..

Why buy other coins and risk even more?

Selling will only hurt you too big, I want to ask you, are you sure about the future of bitcoin? if you're sure the only option is to holding you bitcoin, holding it will keep you away from losing, I myself also believe the price will definitely return to that position even much higher, You just need to be patient, yeah adding coins / assets means increasing risk

[Saidmod]

if I were you, I would keep it in my place and not give in to panic so as not to accidentally sell it, you need a little patience to wait for the price increase

One of the things that makes it better is to cut your loss sell it at $10k above and buy some altcoins that you know will have a long term future and will gonna get you earn back or more than the money you've lost in buying bitcoins at $19k. Because if you will wait for that price again it will be within months from now again.

[Question123]

if I were you, I would keep it in my place and not give in to panic so as not to accidentally sell it, you need a little patience to wait for the price increase

We need to be patiece here in bitcoin world because we know we need step by step so the price increase again. Other people panic selling so that's why they lose some opportunity to earn more profit.
You need to wait the priceo reach again 19k dollars and more . Don't panic selling so you will not lose. Just keep holding and keep buying bitcoin.

[Paractor]

Pay off the debit you are in now.
Is my best guess at this point.
It is at almost nearly half at what it was worth then.

[Shinpako09]

If I were you, I should have bought in cash. I'll buy only what my money can afford and won't force myself to buy 1whole btc but in credit. You don't have any choice right now but to hold and wait for the price to go up. Too bad, it seems you're going to wait a little longer, like months or worst, years.