I bought at 19k, now what?

[olumyd]

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

That's serious dude, first off... borrowing to invest in crypto is such a bad idea because of the speculative and extreme volatile states. However, not all hope should be lost just yet, if you know how to trade you can recover the difference in a short time, but it's gonna take extra efforts and sleepless nights. If you are in luck you would have made good returns if BTC climbs higher -  say maybe $20k USD in the coming weeks - but even that possibility is slim.

[lingwistiko]

The very best and subtle way to deal it for now is to just hodl your cryptos until such time bitcoin can recover too. Expectations for bitcoin's price this year may not be the same as the price you bought it but it will be close to it, at least.

[Mbah Djoko]

Let's be patient and wait, I know bitcoin for more than a year and start actively buying when I work and can set aside about 100-300 dollars per month to buy, the highest price I bought was December around $ 17300, but I do not regret even though the current price this is drop.

[BagzMM]

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?

I think the only resort you can do it to wait until the bounce back of bitcoin price for your 3 BTC. While waiting and it seems we are at the bearish market, you can buy another batch of bitcoin at the lower price. Take a chance to buy at $6k that was the lowest I think during the dip and buy at least 2BTC if you have money and then play around with that 2BTC sell that when the price reach at $10K to $12K and don't buy until the next dip. In that way, you can cut your losses from your previous purchase. Hope it helps.

[onrise]

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.

It feels bad that their were so many investors who had bought in 15k+ range and then suddenly their market crashed badly and still yet to recover that loss. I am still looking for 10k+ as the first target so that it will bring some respite by reaching 5 digit mark.

[cryptojaani]

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.

I think you just not need to panic. You just have to be patient and wait for some months. There's still a long way for you to see your investment grow back on what it used to be. This is terrible for someone who has been an enthusiast to cryptocurrency and suddenly this has happened. I think it is pretty common for any one who had just started few month back but i think in this crypto world patience is the key.

[worle1bm]

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

You are not the only one who have bought at that price but now all are deep underwater suffering losses but don't worry the prices will soon recover but you need to be patient.In Q3 the prices will bump this year so just stay calm and just HODL.

[idex100]

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

So sad,that hurts,considering the fact that bitcoin is currently at half that price.You certainly bought  the 'highs' and as such you cant sell now that the proice is at its 'lows'.I sympathise with you.I guess you just have to HODL for now.I having a good feeling the market will recover very soon,all the FUDs have reduced.Investr will flood back to bitcoins,the money is there,Just Hodl and you will be ok eventually.You only lose time if you HODL and not cash.Bitcoin will certainly recover and surpass its former ATH.It is a wealth cycle

[putrisa]

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

so you are stuck at an expensive price and I think if you are stuck in such an expensive price then you should hold the coin you have or play altcoin to multiply the assets you have while waiting for the price back up because if you sell when the price is cheap it will make you loss very much.

[barota]

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

You bought at a high price (peak)!!

Bitcoin was falling to 6000---7000 in February ( It is true that the bottom is difficult to determine. But if you feel that the opportunity is good to buy. do not be late)
.....In another chance You must  hold those 3 btc .  and buy 9 bitcoin (if you had another $ 19,000 of course) To reduce losses or  make a profit

Maybe. Another bottom will be in 4000 $
You should avoid buying expensive and selling cheap. And avoid panic as wel

[crzy]

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

so you are stuck at an expensive price and I think if you are stuck in such an expensive price then you should hold the coin you have or play altcoin to multiply the assets you have while waiting for the price back up because if you sell when the price is cheap it will make you loss very much.

Its sad that you've done this thing in a wrong way, don't invest the money you don't have. The market may take more time before it gets back on that level again. Well, I advice to keep on buying bitcoin so your cost will be lessen, do the cost averaging and for sure in the right time your profit will be more higher. Its worth the wait don't worry, just be more patience this time.

[Barbarian]

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.

Many of those that bought at the very top of the market did it for the fear of missing out so it is very unlikely they are going to have the patience to hold for that long which is a shame because I'm pretty sure that in a decade people will lament not buying bitcoin for 20000, can you imagine that? Buying at 20000 would seem cheap.

[Donaldturp]

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.

Many of those that bought at the very top of the market did it for the fear of missing out so it is very unlikely they are going to have the patience to hold for that long which is a shame because I'm pretty sure that in a decade people will lament not buying bitcoin for 20000, can you imagine that? Buying at 20000 would seem cheap.

Waiting and the patience are the key factors of this process. There is no way around it, you should also watch market news in a daily manner.

So that you never miss important developments about bitcoin.

[olumyd]

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.

Many of those that bought at the very top of the market did it for the fear of missing out so it is very unlikely they are going to have the patience to hold for that long which is a shame because I'm pretty sure that in a decade people will lament not buying bitcoin for 20000, can you imagine that? Buying at 20000 would seem cheap.

Waiting from this time to when the price will be $20000 again is quite uncertain and nobody scan truly say for sure if this would happen this year or next. But one thing for sure is bound to happen - BTC will survive.

[Edraket31]

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.

Many of those that bought at the very top of the market did it for the fear of missing out so it is very unlikely they are going to have the patience to hold for that long which is a shame because I'm pretty sure that in a decade people will lament not buying bitcoin for 20000, can you imagine that? Buying at 20000 would seem cheap.

Waiting from this time to when the price will be $20000 again is quite uncertain and nobody scan truly say for sure if this would happen this year or next. But one thing for sure is bound to happen - BTC will survive.

Indeed, we cannot predict the real price later, tomorrow or after a year, but one thing is certain it will be back to that kind of amount we just don't know when it will occur, so if you don't want to get lose some of your money then just keep it and just wait for the right time or the comeback of the price.

[investgeek]

Hi, What do think about Welltrado (www.wellttrado.io)? I saw Celcius network already raised 30M usd, do you think Welltrado could raise more?

[coinadon]

why you should be dizzy, you simply buy altcoin to increase the number of your satoshi. very easy, with increasing satoshi you have then the potential losses will be generated more minimal. with a note you managed to buy altcoin with a profit. vice versa, if you choose altcoin wrong then double the loss you get.

[olumyd]

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.

Many of those that bought at the very top of the market did it for the fear of missing out so it is very unlikely they are going to have the patience to hold for that long which is a shame because I'm pretty sure that in a decade people will lament not buying bitcoin for 20000, can you imagine that? Buying at 20000 would seem cheap.

Waiting from this time to when the price will be $20000 again is quite uncertain and nobody scan truly say for sure if this would happen this year or next. But one thing for sure is bound to happen - BTC will survive.

Indeed, we cannot predict the real price later, tomorrow or after a year, but one thing is certain it will be back to that kind of amount we just don't know when it will occur, so if you don't want to get lose some of your money then just keep it and just wait for the right time or the comeback of the price.

The sad part is that the whales will get bigger as the dip offers them more buying opportunities. This is one thing people who joined the investment train late don't understand.

[DPoS2]

Spend your 3 expensive BTC on a bet that pays 3-1 odds.  If you win then you got your money back and can cash out..  if you lose, then forget about it

[marseille]

You bought at a wrong time mate and not only you but many people bought at that price hoping that price will reach to $25k to $30k after that but that didn't happen and price started to fall back rapidly and now if you sell then you will be making huge loss on your investments so the only option left for you now is to hold your coins til it doesn't cross $19k once again and I think to see that price you need to wait till the end of the year.