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Author Topic: Bought BTC at 20k  (Read 437 times)
ljtronics1 (OP)
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May 02, 2018, 06:02:13 AM
 #1

If you had 100k, you spent 50k buying BTC at 20k in Dec 2017 and felt like shit. Now is May 2018 and you have 50k left, which coin would you put your money in so that you don't feel the same way ?
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May 02, 2018, 05:28:37 PM
 #2

I would spilt the other $50k investment and buy BTC. This bring my average buying price down.

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CLywaTeLb
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May 02, 2018, 06:50:10 PM
 #3

I would buy a lot of different coins. Back in February-March. For example, PRL, POWR, CAPP, BTM, ADA, IOTA, XEM. Right now, many alts have rised. I would wait for a small correction. 50K good amount for big start.

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May 02, 2018, 07:02:40 PM
 #4

Check.... WAN, ONT, VEN, ICX, NEO
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May 02, 2018, 07:08:58 PM
 #5

If you had 100k, you spent 50k buying BTC at 20k in Dec 2017 and felt like shit. Now is May 2018 and you have 50k left, which coin would you put your money in so that you don't feel the same way ?
DON'T PANIC SELL!

I have been reading analysis by many trading experts and almost all seem bullish on Bitcoin. This correction of price in year start is because the Bitcoin was overbought during November-December and hence, the correction was inevitable. But now the momentum seems to be building. Bitcoin has insane support at $8200-$8400 levels. Bitcoin is at consolidation stage and the downtrend that begins in January is reversing. Bitcoin has already bottomed out and this is the time to buy more instead of selling your BTC holdings. The projected range of BTC price this year is $25k. Better to HODL.
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May 02, 2018, 07:16:01 PM
 #6


DON'T PANIC SELL!

I have been reading analysis by many trading experts and almost all seem bullish on Bitcoin. This correction of price in year start is because the Bitcoin was overbought during November-December and hence, the correction was inevitable. But now the momentum seems to be building. Bitcoin has insane support at $8200-$8400 levels. Bitcoin is at consolidation stage and the downtrend that begins in January is reversing. Bitcoin has already bottomed out and this is the time to buy more instead of selling your BTC holdings. The projected range of BTC price this year is $25k. Better to HODL.

LOL...I don't see any panic selling in his post...it is re-investing. Wink

HODL for 25k BTC?  what is that x2.6?  In the same span, good alts will likely go x5 or more. Wink

As an example, within the past month...
BTC went up 30%
VEN is up 40%
ICX is up 60%
WAN is up 109%
ONT is up 217%
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May 02, 2018, 07:19:55 PM
 #7

Check.... WAN, ONT, VEN, ICX, NEO
Very good list. It is a pity that all of them have shown good growth and now is a little more expensive.

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May 02, 2018, 07:23:15 PM
 #8

Check.... WAN, ONT, VEN, ICX, NEO
Very good list. It is a pity that all of them have shown good growth and now is a little more expensive.

Sadly true.  However, if BTC goes up..these will go up faster.  Of course BTC downturn may impact them more negatively too.  It is a toss coin.  Risk/reward Wink .
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May 02, 2018, 07:28:29 PM
 #9

I would spilt the other $50k investment and buy BTC. This bring my average buying price down.
Nice idea because you will able to minimize the percentage loss if you did able to buyback bitcoin in a lower price which will really make the gap lesser into your 20k price purchase.
This would only be good if you do only focus on bitcoin itself.

I would buy a lot of different coins. Back in February-March. For example, PRL, POWR, CAPP, BTM, ADA, IOTA, XEM. Right now, many alts have rised. I would wait for a small correction. 50K good amount for big start.
If you are a risk taker then probability of recovery on such floating negative would be patch up by means of diversifying then this would be a good choice where buying out cheap coins into those times where market is on deep reds.February to March is indeed the best time to buy cheap coins and if you did then you are already on gains now.

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May 02, 2018, 07:44:02 PM
 #10

I don't know if I would buy any other coins.But I know what I would do about the btc I bought.I would never sell.I would hodl that.Till it comes to the price I bought.And then I would peobably not sell either.
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May 02, 2018, 07:45:31 PM
 #11

Iost that was below 0.0003btc last 3 has make a very high significant gain and it is still going up. Therefore if I have huge fund I am going to invest in Iost for now. It will take bitcoin more time to give such return compared to coins like wave and neo. I have a friend that invested around $17,000 and he has recover his loses through investing in other coins.
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May 02, 2018, 07:50:35 PM
 #12

If you had 100k, you spent 50k buying BTC at 20k in Dec 2017 and felt like shit. Now is May 2018 and you have 50k left, which coin would you put your money in so that you don't feel the same way ?
i think only this is not short invest but long invest and the end of years hope will be back and higher price than we put my money.while waiting for higher prices we do invest in different altcoin

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May 02, 2018, 07:54:57 PM
 #13

If you had 100k, you spent 50k buying BTC at 20k in Dec 2017 and felt like shit. Now is May 2018 and you have 50k left, which coin would you put your money in so that you don't feel the same way ?

No worries still you need to hodl for long time mate. I advice you hold your bitcoins until 2020. You will find the bitcoin price goes to 40k USD atleast in the year of 2020. If you want to exchange the bitcoins for emergency or needful usage at least try to wait till this October.
I am damn you will find the peak value again in the market for sure mate.
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May 02, 2018, 07:55:31 PM
 #14

Ouch.   In the long run, you'll be fine if you leave the remaining $50k in BTC.  If you want to take more risk and accelerate the process though you can look to alts.  There are lots of good ones out there, some of which have been named in this thread.  My personal favorite is Neblio and what I usually mention when people ask me for a general recommendation.
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May 02, 2018, 07:59:11 PM
 #15

Before you make any decision, let me assure you that you are not alone sailing in this boat. Many people invested in Bitcoin when it was skyrocketing and become as a spot to invest and become millionaire for many people. Investing at that time was definitely a bad move and shows negligence of prior knowledge. But past can't be changed, hence you should be careful for future. I think you should try buy back when Bitcoin price falls, so that average price falls. Also, there are many big caps which can give you decent 30-40% return like IOST, EOS, EDO and so on which can help you get your investment back.
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May 02, 2018, 07:59:55 PM
 #16

Remember to always buy high sell low
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May 02, 2018, 08:04:22 PM
 #17

Remember to always buy high sell low
I'd love to trade with you. Wink
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May 02, 2018, 08:08:37 PM
 #18

If you had 100k, you spent 50k buying BTC at 20k in Dec 2017 and felt like shit. Now is May 2018 and you have 50k left, which coin would you put your money in so that you don't feel the same way ?
I would say it was a bad investment in the first place to enter the bull market and that too when the price was reaching $20k and everybody knew there was a big correction coming, you can look for good ICO and invest in it and may be it is a good time if you enter bitcoin and average the price so that you do not need to wait for the next time the price reaches $20k to be in profit.
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May 02, 2018, 09:05:22 PM
 #19

Bitcoin is not stable at the moment , he is going up and down the same . First of all   , why the hell did you invested in bitcoin when he was at 20k ?  We all knew that there will come a dramatically drop becouse he has raised up to fast . And now , you wanna invest in bitcoin again ? I suggest you to not do that ,bitcoin may drop to 5000$ again . You should invest in some simple coin , you will make more profit there.
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May 02, 2018, 09:12:24 PM
 #20

Remember to always buy high sell low
I'd love to trade with you. Wink
Common mistake which most people do easily commit because we do FOMO when we do see that the price shoots up without even having an awareness that we are already buying a coin into its ATH and just being hyped up and doesn't even think on what would happen next.Usually when reaching new ATH we do see sudden dump or profit taking where if you didn't able to get out as early as possible then you would end up on negative.

R


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