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Author Topic: felling depressed for holding bitcoin :/  (Read 1932 times)
MintCondition
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March 27, 2018, 09:59:44 AM
 #41

You only have .5 BTC and now you're depressed while others have more than you have and they lost more than you lost. Thats why it is a huge risk when you try to invest in crypto. And this tag line is always be remembered, invest what you can afford to lose.

12000$ is a huge money and considering that he is just new in bitcoin, It is really depressing. Bad thing is he invest in wrong timing. The best thing he can do is hold so that he can have a chance to gain the loss again or cut-loss and buy dump altcoins which is more riskier.

Yeahnoh
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March 27, 2018, 10:04:16 AM
 #42

This is really not an easy time for us holders and I understand people aren't feeling too good. Close your wallets and go do other activities that will take your mind off of bitcoin for the meantime.

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Harleybtc01
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March 27, 2018, 10:11:40 AM
 #43

This is really not an easy time for us holders and I understand people aren't feeling too good. Close your wallets and go do other activities that will take your mind off of bitcoin for the meantime.
Yes, your right about that. Holding your bitcoin will be a good help and the only thing you can do to help bitcoin price value rise up. Because the price of bitcoin will also depend on the supply and demand of bitcoin. The more you hold the higher the price will be. It will be more rare and precious when its number or amount is limited already.
nidacoinlove
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March 27, 2018, 10:50:11 AM
 #44

You only have .5 BTC and now you're depressed while others have more than you have and they lost more than you lost. Thats why it is a huge risk when you try to invest in crypto. And this tag line is always be remembered, invest what you can afford to lose.
It is not about 0.5 or 5 or 50 BTC, it’s all about affordability that how much a person could bear the risk. For me maybe $1000 is my limit to lose and for someone else maybe $1 million. But when it comes to loses both will be worried about their investment. Unfortunately there are people around who have borrowed loans to buy BTC and such people will be in a panic situation because they will have to return the principal amount as well as the interest. Even if it’s your own money and it took long i.e. adverse to your expectation of completing the cycle, could turn into a panic situation. In such cases it needs a proper financial planning and management if you stock money in idle form for a particular period of time, you should better sort out alternatives to meet your needs and let the invested amount gain some profit for you.
gtx1060aa
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March 27, 2018, 11:03:54 AM
 #45

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???

Most importantly, without panic, the analysts of the G20 summit said that bitcoin could fall to 2,500 but after that its growth will again be noted, take up cold storage, I also now have bitcoin at a loss
VitKoyn
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March 27, 2018, 11:04:58 AM
 #46

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???
You have lost a lot of money but it doesn't mean that it will not recover anymore, as long as your money is in Bitcoin there is still a chance that you will get a profit, the only time that you will lose is when you take your investment and sell it for fiat. You bought that Bitcoins when the price is $12000, so you have planned to invest long term, when you do that you shouldn't be worried about the price drop, the purpose why people go for long term investment is because they are confident that Bitcoin can still grow and reach new all time high (because they believe on it). What should you do? you shouldn't be asking that question, at the very start you should have known what to do when the time comes that your investment is in danger.
btcprospecter
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March 27, 2018, 11:07:39 AM
 #47

If you thought bitcoin was going to make you rich overnight you were wrong
Unfortunately you bought at ath but selling now would not be well though out. Did you buy more than you could afford to lose?
Nobody can make your decision for you only you know what is right for you.

fuadiansyah
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March 27, 2018, 11:10:42 AM
 #48

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???

If from the start, you think bitcoin and cryptocurrency is a quick rich scheme, you're wrong.
You must get in for the long run, for the excitement of how the technology develop and disrupt many aspect of people's life..
If that's your motivation, the price isn't something you need to worry.
You'll be rewarded in the future if you hold on. Good luck for all of us! HODL!!
Juggy777
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March 27, 2018, 11:11:34 AM
 #49

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???

Hey, you seem to have bought it at a very high price and I can understand your concerns which are valid.

However my advise to you is to avoid taking any rash decisions that may incur you looses. Bitcoins should easily touch 9k in 3 -5 days. Then going ahead it shall rise if you're able to hodl it, I would advise you to do it.

Bitcoins is going through a rough patch and it won't last long it has to rise don't loose hope.
justine11
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March 27, 2018, 11:23:53 AM
 #50

Well to be honest yes i am disappointed and depressed that i lose money day by day by holding bitcoin and currently i lost 3000 dollars and i bought this at 11759 usd and if this continues i will sell my bitcoins at 7000 per coin i have to admit, holding bitcoin nowadays is very hard last year if you hold your bitcoin in just 3 month you could earn a lot of money and i think the only way to make profit is day to day trading
queennathalia
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March 27, 2018, 11:28:56 AM
 #51

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???
That fact its up your believed on bitcoin if you have much trust and believes. You will get back your investment and no can tell you about that your lose will be back easily. We need a lot of trust to make positive infact on bitcoin. Everyday will be decrease or increase.
Happiest
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March 27, 2018, 11:29:40 AM
 #52

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???

I won't be here telling or consoling you to hold on for your dear life or anything like that, I am here to ask you why you entered into cryptocurrency investment without kmowing what it entails. There are a lot of people in your shoes and most of them have even gotten theirs when the price was $20,000, imagine the huge lost! To be a holder, you must have been perpared for whatever that will come. Every time can't be a happy day, there are thorny days too and you don't know when it hits you, so get used to it. If you can't go on, please quit.
bitfocus
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March 27, 2018, 11:36:10 AM
 #53

you lose money if you sale in the dip. so, you need to keep them on hold and also try to get more to low down the average purchase price which will give you some little extra on the top Smiley
-Sinner-
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March 27, 2018, 11:40:30 AM
 #54

You are becoming depressed just because:
- you invested money that you can't afford to lose
Or
- you expect too much from your investment

That's why.. Bitcoin is still uptrend in 1y and had the best return compared to ALL stock market.. Why don't you just wait and go out? Go to the sea, in gym, do something and check once a week/month if you are not interested in trading.

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qiman
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March 27, 2018, 11:56:34 AM
 #55

I think you can do one of two things. If you are in need of the money then just sell it and forget about speculating in the crypto and bitcoin markets. If you do not need this money then save it and forget about it for the next two or three years and if the investment has tripled or gone up a lot by then, you have not lost anything. It all depends on what your expectations are and you run with that expectation. If Bitcoin does not fulfill that, then choose another type of investment vehicle for your money.


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supermine
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March 27, 2018, 11:57:54 AM
 #56

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???
If you didn't follow the rules of crypto currency while buying bitcoin then you will worry now.Never invest more than you can't afford to lose is the rule you have to follow.
But you still didn't lose anything just hold it more longer and then your investment will give profits don't expect profits from the day 1 of your investment.
eifer0910
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March 27, 2018, 12:01:03 PM
 #57

Dont loose hope brother still hold and wait for the time bitcoin will recover soon and you will get back your loss eventually and you will profit too, Dont loose hope. Just keep on believing.

ryan2018
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March 27, 2018, 12:02:02 PM
 #58

I think you should keep it. It's only a temporary rain that's coming to an end. Many panic investors withdraw their money because rumors are circulating now that the price of bitcoin is going down. But rest assured bitcoin will rise soon, many wallstreet financial observers say that bitcoin will reach $ 100,000 per bitcoin in two years later.
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March 27, 2018, 12:15:26 PM
 #59

Its very depressing to hold any cryptocurrency at the moment as the prices are taking a dip as time goes by, buyt this is a trait of the market and being volatile is its nature, the market will recover and you will reap on your patience, just hold on
ss890
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March 27, 2018, 12:20:32 PM
 #60

i have 0.5 btc on my hand
but the problem is btc is falling day by day
its hits me in my heart like a spike
cs i buy this btc on 12000$
 now im in loss of 5000$
it has fall onto 7000$
what shoud i do?
should i keep it???

Just ask yourself do we really need to answer this question to you? Do you think if I say yes go sell it then you will really feel good about it? I dont think you will feel right about it because then you will straight up loose 5000 USD in front of your eyes and I am sure that will spike the most in your heart !!!!

The wise decision is to hold it and if you really need the money, (whatever you getting) for emergency situation or something more important then just get the money from relatives or loan it for now as you will earn far more than the loan amount once you hit the 12000 back or even more!!
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