Bitcoin Forum
May 11, 2024, 10:23:27 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 [6]  All
  Print  
Author Topic: The pain of holding bitcoin in 2017.  (Read 1205 times)
Biscutard
Full Member
***
Offline Offline

Activity: 759
Merit: 105


View Profile
November 16, 2018, 01:23:04 PM
 #101

It is only painful because people thought bitcoin would rise above of what they have been expected but it turns out that it just stop at $20k then suddenly drop drastically during the first month of the year. And now people who still thinks that bitcoin would just going back again at least $15k are still holding but bitcoin didn't went that way.
1715423007
Hero Member
*
Offline Offline

Posts: 1715423007

View Profile Personal Message (Offline)

Ignore
1715423007
Reply with quote  #2

1715423007
Report to moderator
"With e-currency based on cryptographic proof, without the need to trust a third party middleman, money can be secure and transactions effortless." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715423007
Hero Member
*
Offline Offline

Posts: 1715423007

View Profile Personal Message (Offline)

Ignore
1715423007
Reply with quote  #2

1715423007
Report to moderator
BoitCoinZen
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
November 20, 2018, 09:24:12 AM
 #102

This year 2017 has not been favourable to those that buy bitcoin in 2017, ended and are still holding.  Bitcoin is in a state that we have not expect as many investors and speculators were saying bitcoin will get to over $50,000 this year.  We should still holding as selling below the amount we buy is selling out of pain and frustration.
If you bought Bitcoin last December 2017 and got caught with the drop of price, it's either you sell and buy other coins and sell again until you recover your losses. Seeing your investment slashed by more than half is really painful and you cant recover that losses if you just sit there and watch. You need to lay out a plan if you want to recover quickly. looks like the $50,000 by end of 2018 prediction is not going to happen.
To recover your loss through strong planning and strategizing your actions would help you to rebuild your financial structure. Keep your spirits high and learn from mistakes to achieve back.
drachman
Sr. Member
****
Offline Offline

Activity: 756
Merit: 252


View Profile
November 20, 2018, 10:52:48 PM
 #103

Most people want to get the benefits of the market without any effort, so what you are proposing makes sense and it will help people to make more money in the market if they learned from their own mistakes but that is something that is not very common, people prefer to keep doing the same thing over and over again and see if they can get different results and as you may guess that doesn't happen.
All that is required is even patience, but of course, there is no way anyone can even have patience without realizing what they are investing in, the potentials or why they should be looking at the long term in the first place, and all these things will most definitely affect their judgment as well as the way they basically think.

Obviously, most people who are pained right now are those who joined FOMO and of course, that was because they never understood the market and they never took their time to, but while some have learned from their mistakes and trying to make some adjustments, some will be whining and feeling painful for no reason at all, as if that would help them in anyway.

While being patient is one of the most important characteristics an investor should have, been patient is not very easy when the market is crashing in such a way, so while I have no intention to sell my coins as most people have done already I understand why they are doing it, it is simply impossible for them to withstand the huge losses that they are incurring by holding their coins.
Pages: « 1 2 3 4 5 [6]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!