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Author Topic: I bought bitcoin at $20k last year  (Read 5443 times)
mmo4me.2016
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August 23, 2018, 10:05:50 AM
 #201

I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year. I bought in bitcoin again at $20k. Now bitcoin is $6k+.  I'm regretting my actions.  Huh
You invested not the right time! Bitcoin prices have fallen so much, so stay tuned and wait for better prices! Good luck
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bitfocus
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August 23, 2018, 10:08:50 AM
 #202

it means, if you sell your Bitcoin below $20K, you will be in loss and right now you have only one option - keep holding them. I would suggest you to use a hardware wallet or paper wallet to store them for a few years.
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August 23, 2018, 10:14:45 AM
 #203

Oh no u lose even more!but anyways if u still have your bitcoin just hold it until u will get profit.. I believe the right time will come that btc will moon again..i think you were being FOMO that I experience too in other tokens but not that much.. sometimes we are wrong with our decisions but we learned from our mistakes..
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August 23, 2018, 10:33:40 AM
 #204

Sad to say you are in for that all time high but that's okay because nobody really knows that bitcoin is going to plunge its market value since then. The only thing that you should do for now is to keep your bitcoin and all the cryptos you have because time will come soon for them to come back once again.

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August 23, 2018, 10:33:46 AM
 #205

Most importantly, remember that if you did not sell your bitcoins, you did not lose anything. The main thing wait this dysfunctional moment in the market and think about how to sell it soon for $ 40k. Good luck!

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August 23, 2018, 10:37:06 AM
 #206

I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year. I bought in bitcoin again at $20k. Now bitcoin is $6k+.  I'm regretting my actions.  Huh
This is really hard for you because nobody is confident that bitcoin will go up to that point again, and the way for you can be to lose if you will sell now or to wait, if you have an ability to.

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August 23, 2018, 10:51:49 AM
 #207

I feel your pains and what you are experiencing in inevitable in cryptocurrency - a time for gain and a time of loss. I am very sure you will recover if you remain steadfast and don't choose to sell your bitcoin at a loss. You are already in loss so I am confident that your waiting will be worthwhile at the end.
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August 23, 2018, 11:06:03 AM
 #208

I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year.

Just one word, OUCH! Sad I feel sorry for your loss dude but life goes on. With that amount, imagine the profit you supposed to generate after btc skyrocketed on December last year. That was huge enough to buy a new sports car like Chevy Camaro (I think so) Shocked. For sure that feels bad to the highest level.
I bought in bitcoin again at $20k. Now bitcoin is $6k+. 
Another Ouch again Sad. It seems that 2017 is not your year (while the majority feels the opposite) dude. You bought at btc's ATH price then I guess you become stressed and frustrated 'til now due to bearish days. I know that it's not your intentions and only happened to you unexpectedly so I think the best thing you can do is to hodl whatever it takes because cutting of losses is not a practical option. It only expands the total losses you had.

Anyway, I just want to say that you're so courageous and that was admirable. You still choose to stay in the crypto market despite of the miseries you encountered.m Smiley.
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August 23, 2018, 11:26:36 AM
 #209

No one can tell if bitcoin will hit $50k this year December. All fingers are crossed as we await various struggle for more push of funds into the biitcoin market. Someone must buy high and someone must sell low. Bitcoin will surpass ATH of $20k. Don't ask me the time and season because am keeping it secret. Smiley
neo444
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August 23, 2018, 11:33:16 AM
 #210

You have make a mistake but you must learn from that and you must be patient and wait for the right moment to buy bitcoin
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August 23, 2018, 11:38:17 AM
 #211

You're not alone. Just have patience and wait. I think that the price for bitcoin will grow and very much.
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August 23, 2018, 11:43:28 AM
 #212

The key here is to learn a lesson and move on.
Everyone makes mistake, nobody wins all the time.
There is always a tuition that you need to pay for investing.
Hopefully that was not all you have and hopefully, you still have the courage and faith in Bitcoin.

But man is not made for defeat. A man can be destroyed but not defeated.
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zhanyiguai261315
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August 23, 2018, 11:49:10 AM
 #213

Although BTC's current price is relatively low, please keep your confidence!
If you don't have a financial crisis, please continue to HODL your BTC, refer the BTC to the local wallet, and remember the key! Forget the price of BTC and wait until the end of the year to trade your BTC!
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August 23, 2018, 12:09:53 PM
 #214

Well, I have to say that wasn't the smartest decision you could have made. No matter if you could afforded to buy Bitcoins at such large price and that some have predicted the price will go all the way to 50000$ that wasn't realistic.
But what us done is done and there is no use in regret. The worse thing to do is to sell at low price.
I just hope that you don't need the money you have invested so that you can wait for price to revover. Or maybe you can trade to try to recover at least one part of lost funds.

duoduoshigexiaozhu
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August 23, 2018, 12:35:19 PM
 #215

I have not suffered such a serious loss to you, but I also lost more than 40% in this year's market, and I am frustrated that I have been focusing on XRP trading, but now it makes me almost lose all of it.

zeingrind777
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August 23, 2018, 12:48:08 PM
 #216

Not only you have lost a lot of money. Even me and my friend also experienced it. But we didn't give up. We are still confident in the surge that will make bitcoin shine again. We believe the future requires bitcoin. Be excited and don't be sad. You are not alone
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August 23, 2018, 12:49:11 PM
 #217

I think you did not do this alone. In this case, you just have to wait to get out at a no loss or get some real profit. There is no point in fixing losses
bitcoinposts
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August 23, 2018, 01:17:16 PM
 #218

There are more than thousands of users who are in the same situation only thing we can do is to wait for next pump and then sell the coins for profit
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August 23, 2018, 01:22:21 PM
 #219

I got into the bitcoin again last year after losing all my 4.5 bitcoins to ponzi schemes early last year. I bought in bitcoin again at $20k. Now bitcoin is $6k+.  I'm regretting my actions.  Huh

I think that is part of the risk that you must accept. and if bitcoin grows 3 times more than before you will definitely love to make big profits. this is natural and can happen to anyone, that's why you need other options to do other speculations with knowledge and experience.

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August 23, 2018, 01:32:13 PM
 #220

I think the traders who purchased bitcoin at the price of $20,000 USD per bitcoin last year might need to hold on to their bitcoins for a very long period of time if they do not wish to sell all those bitcoins away at a loss, and with the recent news of the USA SEC department rejecting the bitcoin ETFs proposals, I think it would be extremely difficult for the values of bitcoin to return to its previous high in this year.

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