The pain of holding bitcoin in 2017.

[omonuyak]

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.

[talkbitcoin]

what you are saying is like having a gem in your pocket but complaining that it is a heavy rock pulling your pocket down!

when you don't know what you own (bitcoin in this case) you obviously find it tedious to hold it. and when you don't have enough knowledge about the market and trading you will also have trouble making decisions about when to sell, when to buy and when to hold. for instance right now it is time to buy. and with the new drama about Tether it may be the best opportunity to get some money ready to buy more in case drama could have some impact.

[iamMhew]

you mean the holders who invested last 2 moths of 2017, as they thought that bitcoin will continue to pump but its not. thats true that until now some investors of 2017 are suffering  too much pain not just while waiting to be pump (bitcoin) but also the time they spend just to hold bitcoin upto now. like me i dont believed in predictions because this only just happen last year (the ATH) meaning the condition of the recovery is very slow and not just can get by this current year (2018). if there some group of investors who want to adopt bitcoin in their business or company this will be a sign that bitcoin will pump soon, but until now, only FUDs can see.

[davis196]

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.

Do you mean the year 2018,not 2017?
2017 was great,but the people who bought bitcoins last December are screwed.I guess you mean those people,when you write about pain and frustration.Last December everyone was talking about a 50K future bitcoin price,that was quite misleading,but every trader/investors takes full responsibility for his own decisions and people should never listen to the crypto "gurus".

[tiggytomb]

It has been a hard year for those that got in at the end of last year, I hope many were able to hold and didn't panic sell.  Not just bitcoin but ALTs have been destroyed as well, I am hoping for a similar rise this year but so far it doesn't look great.

[shamc]

It must be a horrible experience to have bought bitcoin late last year, enduring a loss of $13k per bitcoin takes a lot of self discipline otherwise there will a lot of self hating and depression. Quite possibly suicides if going all in

[WinslowIII]

Why do people talk about holding being difficult for only those who bought at the peak of $20k? there were  several months early in 2018 when bitcoin price was over $10k, which is almost 2x what it is now. There are a lot of months where buying would result in being underwater now, not just December of 2017.
This same shit played out back in 2013-2014, the only difference being that far more people got their asses handed to them this time around. HOWEVER, if those who went through the torment of watching their investment get clobbered stuck with it for 3 more years we are talking insane gains. Hopefully this repeats.

[Slow death]

Quite possibly suicides if going all in

there is a great possibility of the person committing suicide, but this because the person uses money that will need, and this is the error


I do not agree with this: " The pain of holding bitcoin in 2017 ".

Nobody knows when a price is high and when a price is low, so if people are buying bitcoin they should know that bitcoin is very volatile and these people should know that in order to have profits they must be prepared to hold bitcoin for years. do not expect fast profits unless they make day trade.
 

[WinslowIII]

It must be a horrible experience to have bought bitcoin late last year, enduring a loss of $13k per bitcoin takes a lot of self discipline otherwise there will a lot of self hating and depression. Quite possibly suicides if going all in

I'll bet there are more people suicidal for missing out on 2017's pump then people who bought the top of the pump. WAY more. Just imagine selling hundreds or thousands of bitcoin back when it was a few bucks, or even in 2015 when it was around $200s. Stuck in a shit job, living with the knowledge they were that close.

[STT]

Probably correct as the edges of a market top or bottom are usually involving not that many people.    The very origins of BTC was quite a select people, if only because many of them got rid of the BTC along the way not knowing the future thats a normal process of distribution.
People who bought at the top will have sold along the way also, they are part of the decline.   But I dont think many even saw the top nevermind decided just at that moment to buy.  Also I dont think that top price even registered in every part of the world and every exchange, it didnt hold as some flat top more a spike.

Do you mean the year 2018,not 2017?

I believe he is referring to a rolling year or 12 months leading into November 2018.

The best advice is always going to be dont just buy once or sell once, spread a trade across a period of time and it'll even out the volatility quite a bit.    Even if the price is rising its quite sensible to delay buying everything in one moment.    A good thing with BTC now is it can be traded many times without fear of the fees to processing multiple transactions to a wallet.   
Price isnt everything, I hope underneath that cover BTC protocol keeps improving and a graph of users is rising for it due to usefulness globally

[WinslowIII]

Price isnt everything, I hope underneath that cover BTC protocol keeps improving and a graph of users is rising for it due to usefulness globally

Yes, that is the hope.

[rancidgash]

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.

Do not be a pessimist, the price of Bitcoin has been rising and falling since the beginning, but if you analyze the whole story you will see that it is growing. The current situation is only temporary. Soon investors will start buying everything from the cryptocurrency market.

[WinslowIII]

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.

Do not be a pessimist, the price of Bitcoin has been rising and falling since the beginning, but if you analyze the whole story you will see that it is growing. The current situation is only temporary. Soon investors will start buying everything from the cryptocurrency market.

Most of the cryptocurrency market consists of garbage shitcoins. Are you saying you want to see a full on bull rush again where lots get wiped out?

[tosmartak]

There is actually no pain unless you want to just bring up some pain for yourself. We are in a corrective phase and it is normal which even gives you the chance and opportunity to be buying lower for the future, how on earth is that then supposed to be a pain. Trust me, if it is about pain, so many people are feeling pain now for making the same mistake like you back in previous years. This is not something new, get used to it, hold and buy more during the dips and look how things would pan out for you with patience in the long run.

[guoyu78]

You could definitely try dollar cost averaging because that is the only option you have to make profit any quicker and considering the price is quite low compared to what you bought it would be easier to drop the averages very quickly and that way you can get out quicker as well, instead of waiting for another $20k you could get out at $10-$12k for example, makes more sense.

However I understand not all people can buy more and more because they will be eventually run out of funds to buy bitcoin however for that type of deal you can definitely divide it into something that makes money while waiting like dash or neo and what not which would allow you to make money while waiting at least.

Or you can definitely hop on a couple ICO just in case and not spend too much and research very carefully but if you get it right than you can make a lot of money, of course do not spend much on them, couple hundred bucks at maximum is enough.

[budiarmed]

Yes, it becomes painful to buy bitcoin in 2017 and the value of bitcoin falls low. Conditions in 2018 are indeed very bad, but the market will definitely be able to stabilize again, we don't need to worry because bitcoin still has a chance to recover.

[harizen]

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.

Since they are holding until now then just continue. They already spend lots of months holding during this bear month so dumping at the current price is kind of a sh*t move to me. If they really care to thie price decrease movement then they should consider selling back then and not now.

Why other guys are rushing so much for bitcoin to reached their dream price e.g $30,000, $40,000, $50,000? Just relax. Those who are on rush are those who feel the excitement of 2017 hype. It's better that the market is on the state like this so that we determined the strongest support of bitcoin price. A quick massive jump into higher price is a product of hype and not by real demand.

[solarion]

Yes, it becomes painful to buy bitcoin in 2017 and the value of bitcoin falls low. Conditions in 2018 are indeed very bad, but the market will definitely be able to stabilize again, we don't need to worry because bitcoin still has a chance to recover.

Obviously, chances are waiting near future but peoples are not ready to invest in Bitcoin so we need some positive vibe in soon. Because all the investors are trying to buy in bearish trend but new investors are panic in this situation so once improve the market automatically all the investors are back to participate in crypto industry.
 I think next year is the perfect time for Bitcoin and altcoin investment so we should expect some good hype end of the year.

[dothebeats]

Yes, it might be a pain to hold into some coins that have already lost its value, but always keep in mind that losses can only be incurred if you sold at a loss, and as long as you are holding those coins, there's still a possibility that you'll get back the loss or profit in the future. Stagnant money is wasted money and opportunity IMO, so never put all your capital in one single go especially in volatile assets like bitcoin, but if you already did, waiting is probably one of the best skills you must have/develop in order to get through it.

2018 might not get us the same bull run as to what 2017 had but that doesn't mean there aren't any ways to make money in a bearish market. Those who bought during the top clearly are moved by FOMO and hype without studying the markets carefully. All they can do at this time is wait.

[WinslowIII]

Advice to those who are underwater to buy Dash or Neo, or some new icos is just f'g stupid in my opinion. Most likely the entire market will bleed all next year, don't make a bad situation worse - chasing losses is the sign of a gambler not an investor. Trying to fix a mistake buying too high now is asking for trouble, all you can do is wait or dump for a loss if you get desperate. And try not to get suicidal over money, life is too short for that.