MangoPolo (OP)
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If you overcome procrastination you get it all.
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May 29, 2018, 06:42:41 PM |
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Honestly I try not to think of it that much since I am holding bitcoin for long term. So for me, the price now does not really affect my mood everyday but it will eventually change if there comes a time bitcoin will drop almost every month. And that only means there is something wrong with bitcoin already.
What is the falling peak you are about to take in consideration towards doing some action with your coins?
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To find out you have to be in.
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MangoPolo (OP)
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If you overcome procrastination you get it all.
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May 29, 2018, 07:25:20 PM |
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I'm pretty confident there are the people that bought at the top. Just like stocks or cryptocurrencies markets, the investors/traders who bought at the top due to fear of missing out (FOMO) exist.
One day the situation will return viceversa and those who urged themselves to sell it quickly as it started dropping will regret and those who are depressed now will get the jackpot LOL ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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To find out you have to be in.
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MangoPolo (OP)
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If you overcome procrastination you get it all.
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May 30, 2018, 09:37:30 AM |
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there have been lots of people who bought bitcoin around that mark. in fact about a couple of billion dollars worth of bitcoin was traded during that time according to the volume history. i have also bought around that price not exactly at the top but around it, but what i do is that i have cash and i dump it for bitcoin every now and then. this money that is invested i don't care about and don't mind what happens to it even if i buy at the peak i will still hold it. but also i have some funds that i have in the market (on exchange) that i trade with. what i did here is that i bought near the top in the dip and sold after the recovery and stayed out for a while until price went down lower and market became more predictable then got back in and again until today that i am again out with my money+profit waiting for the market to become more predictable so that i can resume trading.
At what points do you consider the market becomes predictable? when the coins are at the same price range a few days in a row or when it falls down to a specific value?
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DannyMarco
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June 01, 2018, 06:52:41 PM |
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You thought there is no one but you are wrong because i personally know many of them.
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Dudeperfect
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June 02, 2018, 05:02:14 PM |
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Well, I never bought when the price was rising as I knew that it is the result of big whales and institutional investor's decision to pump the price. However, my couple of friends fell for the fear of missing out and they have invested in the bull market and now they are worried about their decision. I hope such investors have learned the lesson when correction took place.
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Vannie12
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June 05, 2018, 11:56:22 PM |
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Well, I was one of the sellers but never did it on purpose. The thing is I needed the money for christmas presents. I do think that there are thousand of buyer by that time due to FOMO (fear of missing out). BTC is always that popular when it hits all tie highs and that actually serves as a tourist attraction (if you know what I mean). Early adapters definitely filled their cup and sold while many where investing too.
I feel bad for them and I am sure they are some of those people who say that BTC is scam and probably sold their coins already. All I can say for those who haven't sold yet. Try to hold them as long as you can. Or trade, buy during dips and sell when the highest price from being stable. May be you can earn some of your losses. Or if you have spare time, try to offer services. That way you can at least work for it. There is no easy money these days you know.
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duoworld
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June 06, 2018, 04:05:28 AM |
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If they are buying at 19K, I hope they still hold it, not sell it. In this case, they may therefore withdraw from the cryptocurrency. Bitcoin at that time can be regarded as a myth. The three appointments range from $4000 to $20000, which is a miracle. But unfortunately, the myth has not been maintained.
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kjnfmplm
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June 06, 2018, 04:10:21 AM |
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Well, that sucks. If you bought Bitcoin when it reached its all-time high. That will be the lesson to learn. That, do not just go with the trend. Especially, when there is money involved. You can lose half of your investments in just a month. That's why researching something is the best precaution that you will do when investing your money in a currency as volatile as cryptocurrency.
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lienfaye
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June 06, 2018, 04:33:41 AM |
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When btc reach its ATH many investors (especially newbies) think the price surge will be consistent for the coming days but unfortunately it didnt happen, before the year ends last year it dropped slowly. I have a friend who has the same problem, he bought his btc at time the value is around 18k-19k. Good thing for him he is patient and not a panic seller until now he is patiently waiting for the price to increase again and surpass the last year ATH. Well the market is really unpredictable and we cant blame those people who involved themselves in crypto that time we are in the bull market, we dont know what's ahead but im bullish and positive in the future of this crypto.
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blackandred
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June 06, 2018, 02:57:40 PM |
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Buying at the peak or during a bull run is very dangerous . the best thing to do is to leave your investment and don't sell at loss. I urge everyone to do their due diligence and have long term vision and always invest what they can afford to lose. If anyone did this for bit coin even at peak, he wont have any problem now. Be hopeful that one day it will reach your buying point but we don't know when that will be. Always remember to buy at dip rather than at peak .
it now appears that buying bitcoin is a loss , at 19K . but after one to two years , the price of bitcoin may rise to 30k to 50k . investment will earn profits . bitcoin is worth holding for a long time .
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ir.yance
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June 06, 2018, 03:41:21 PM |
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I think there are people who buy bitcoin at the price of 19k. those who have bought bitcoins at the price of 19k then they are very loss if sell it at this time, I recommend to hold until bitcoin prices recover and reach 20k. I was lucky not to buy bitcoin at the price of 19k, because if I bought bitcoin at that time then I was forced to hold my bitcoin in a long time until the price of bitcoin 19k or more than 19k.
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castellodocet
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June 06, 2018, 07:59:03 PM |
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I can't imagine just one individual doing a huge investment like this, maybe a cooperation of people or even a corporation may have invested so many $ that period. I am thinking as an unemployed guy obviously, I'm not a businessman
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coinnumber
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June 07, 2018, 12:30:45 AM |
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There lots of people who bought bitcoin at $19k plus most of them are regreting it now why those who are long term holders still wait with hope of the price going up again which I believe is the best option. I don't think it's bad for them to invest then besides life is all about risk either you gain or you lose that's the principle of investment most especially when it comes to cryptocurrency.
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bananaunana
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June 07, 2018, 12:32:37 AM |
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I was lucky to enter the market after this ATH ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) There were lots of people buying at ATH, like it's in every MEME or joke about it.
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darkangel
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June 07, 2018, 01:06:29 AM |
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I think many people buy bitcoin at $ 17k. At that time, bitcoin prices rose drastically. Many hope it will continue to rise, but things have gone the other way, bitcoin dropped dramatically, and could not hit the price as before.
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dorofee
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June 07, 2018, 02:43:57 AM |
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I am sure there are many investors at those price levels. However, you do not get to read their experiences because no one wants to share their loss or failures online.
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rext
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June 07, 2018, 02:46:30 AM |
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I think there are people who buy bitcoin at the price of 19k. those who have bought bitcoins at the price of 19k then they are very loss if sell it at this time, I recommend to hold until bitcoin prices recover and reach 20k. I was lucky not to buy bitcoin at the price of 19k, because if I bought bitcoin at that time then I was forced to hold my bitcoin in a long time until the price of bitcoin 19k or more than 19k.
At the moment it is hard for bitcoin to reach that price again. The virtual currency market is quite volatile but it does not have a surge. But I still hope the bitcoin will come back strongly later this year
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cryptoasis
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June 07, 2018, 02:58:41 AM |
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Absolutely, if there were no buyers then it would not have reached 19k. It did not 20k because there were no buyers or buyers are exhausted after a long climb. Smart sold at 19k, dumb bought at 19k.
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AbyssLagiaz
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June 07, 2018, 03:01:44 AM |
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Buying at that kind of price is quite difficult now in that day as they might causing rarity in such coins due to many buys happening before it happened to reach the 19k breach before 20k. I didn't buy at that time either, in fact I was waiting now to get it pumped up a little bit before I risk a sell in that price cap.
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raahi
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June 23, 2018, 02:29:48 PM |
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Well when I bought a bitcoin, it was for approximately 2000 USD so I sold a few bitcoins when it reached 19000 USD , now certainly if there are sellers at that price then there also exists buyers and the reason behind that is that as the price increases so does the dependency on the currency as a global standard.
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