What's your plan if you bought around all time high?

[DrDoctor1234]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  What will you do when the market goes up and you get your money back. Sell or just keep holding?

Yeah I bought some BTC when the price was $9300.00

In 5-10 years the price will be between 1-100 million depending on technologies and adoption.

Bitcoin is a long term security and investment IMHO.

Dude I'm pretty sure you couldn't be more bullish then that.

Also 1-100 million is quite a range...

[1715571017]

1715571017

[1715571017]

1715571017

[UniversalSwaps]

As long as you do not sell at $ 3200 there is no reason to sell for $ 6000.

Agree.

If you're still holding then no reason to sell.
Just hope you bought some below 4k to lower your average buy price.

There might be another scenario in case you've lowered your average buy price by buying x2 (or x10) volume, then you can sell a part of your actives when the current price will be above your buy price.

[DoublerHunter]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself   What will you do when the market goes up and you get your money back. Sell or just keep holding?

- Selling them at %50 loss.

What?  That is a huge number of a loss if you do that thing.
If that is not urgent need you can hold and wait until your profit was there, in this situation you can apply to buy low and sell high strategy of earning in bitcoin. Nevertheless, Bitcoin is not an instant income if you are going to hold at the shortened time, you need more time to hold to see the real profit. OP was right just kept holding until your profit was there.  

[posi]

I think I would just hold the half and make some profit from the other half by trading.
We could recover our money if we do it right don't fall for the trap make sure to invest in the right alt-coin so your money wouldn't get way deeper than it is right now.

Holding half while you use the other half to trade is never the right decision if someone brought at ATH price of which the price is later below the price of purchase. The best thing to do in such situation is to hold all the coin while you start another new investment or trading at the dump price which will be the best means to make the profit you said.

[kingpin4321]

It would not be so easy for bitcoin to attain it all time price high status again but even if it does it would take time my only advice to those that bought at that period is to hold on because any other thing would mean a loss

[rodel caling]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  What will you do when the market goes up and you get your money back. Sell or just keep holding?

If your bitcoin bought during the bear market and until now you keep it extend your patience if you want your money back.
And obvious people can decide by their own self he/she want to continue to bought  bitcoin if they feel not enough amount.

[nydiacaskey01]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  What will you do when the market goes up and you get your money back. Sell or just keep holding?

For me, more than a year of waiting for the price of Bitcoin to go back to ATH is too long and if you invested that money or Bitcoin in something else, you could have recovered your loss already. I know someone who we're able to recover in 6 months after the price of Bitcoin started to go down starting 2018. He aimed for just 1.5% per day profits on all his investments after selling below his buy price of Bitcoin.

[bitzizzix]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself   What will you do when the market goes up and you get your money back. Sell or just keep holding?

Some of the bitcoins that I have with you and at that time hope to continue to increase but the reality decreases dramatically, and what I have done until now I still hold it and consider it as a limitless long-term investment waiting for prices to bounce back to the initial price before me have it.
and I also took advantage of the opportunity when in 2018 the price of bitcoin was under $ 4000 to buy it and add the bitcoin losses that I had before, and now bitcoin is slowly starting to rise and I have gained a little profit, but I will continue to wait for bitcoin to rise more high.
so for me there was no problem with the incident because I think if there is a decline there will definitely be an increase, the most important thing is to be patient to wait and stay optimistic.

[shesheboy]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself   What will you do when the market goes up and you get your money back. Sell or just keep holding?

At the end of the year 2017 , the price of bitcoin started to decline which means you bought your coins at a low price and if ever you continue hodling until today , you already earn a profit because the value of bitcoin has now greatly recovered  . now best thing to do is to sell for a sure profit or sell some so that you still have some coins left to hodl since the price is still expected to grow  . you can opt to buy and invest more when the value declines a little bit   .

[Aldrinx00]

Luckily i didn't but bitcoin when it reached the $20k price but if i am in your position i will just hold it until the next bullrun comes, because it's not worth it to sell at loss and you may repent if bitcoin reaches another all time high maybe double or triple of $20k a piece.

[Ayiranorea]

One of my friend bought when bitcoin pricey was around $15000, he bought just on seeing my portfolio. The price began to fall and he planned to keep hold to retain the loss. To the expectation things went unexpected and price has fallen low and now we're around $5500. Hope at least within few months he'll get his investment back.

[Questat]

One of my friend bought when bitcoin pricey was around $15000, he bought just on seeing my portfolio. The price began to fall and he planned to keep hold to retain the loss. To the expectation things went unexpected and price has fallen low and now we're around $5500. Hope at least within few months he'll get his investment back.

I know a lot of my friends who also bought during the bull run, they just came in late but I know they are not selling because I'm advising them that crypto will once again recover and we will be back to its high or have a new high. Once investors will understand that crypto investing requires patience, they would do it because the development continues and as adoption increases eventually a new bull run will arrive and price will pump.

[CryptoBry]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  What will you do when the market goes up and you get your money back. Sell or just keep holding?

That can be a very hard question to deal with most especially if one is a newbie in the world of investment and is not an experienced one where one may have alternatives. I can understand the feeling of being lost as I am a newbie too, so I am sympathizing with those who bought cryptocurrency at their highest and is now confused on what to do -- either to wait for months or let go. In this case, and this is just based on my opinion, if you are planning to use the money that you can get from converting them with something else or another business then maybe this is the best time to convert them but if you have nothing alternative use then maybe you can just wait for a little longer time.

[pakhitheboss]

if you had bought Bitcoin at the all time high level then you should continue to HODL and wait for the price to rise till that level. This will happen eventually by 2023 or before. then sell some to square even and HODL the rest till you make good profit. This strategy I understand does require a lot of patience. But in the end you will earn the fruits of profit. So stay Calm and HODL.

[Yamifoud]

if you had bought Bitcoin at the all time high level then you should continue to HODL and wait for the price to rise till that level. This will happen eventually by 2023 or before. then sell some to square even and HODL the rest till you make good profit. This strategy I understand does require a lot of patience. But in the end you will earn the fruits of profit. So stay Calm and HODL.

We don't know how long we should be keep on holding and I'm afraid that they can't manage to do it.
We are too far from 2017 ATH and we are more than a year of being in bear which I feel that it is not good to hold at all, I may sacrifice to loss few buck rather than to keep on waiting to nowhere. It could be better to diversify our portfolio and start over again.

[denzkilim]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself  What will you do when the market goes up and you get your money back. Sell or just keep holding?

I didn't buy Bitcoin at its peak but I bought some Altcoins at its peak and I have lost 99% of its value from $10 per coin now down to $0.10+ dollars per coin but no regrets in my part because I only invested the money that I afford to lose. What will I do when the market goes up and reaches the price at the time when I bought it? Definitely, I would sell some of it if I needed money and hodl most of it. We have different kinds of "investment plans" but we are on one goal, to make our investments multiple times fold.

[Chikito]

I want to ask everyone who got into bitcoin towards the end of 2017 and is currently at a loss, like myself . What will you do when the market goes up and you get your money back. Sell or just keep holding?

I got same as you and i loss alot of money. but i sold some btc on 2018 and hold half mine on wallet. no problem as me thingking crypto have good  future as payment. i will keep half my btc on wallet and waiting price 2x i bought at 2017. just be positve man and smart  .

[bering]

Luckly my loss not too deep that when 2018 early i was decide cut loss because i was so worried the price gradually decrease but if you still have bitcoin which is bought from 2017 and still hold until today then i think there is no way besides hold it for much longer and since market situations were getting better this year i think possibly the price will high again than now

[odolvlobo]

If you are not sure about what to do about your losses, do this:

Take two sheets of paper.



1. On the first sheet, write the following:

• Starting investment on <date of initial investment>: <total amount of investment>
• Loss/gain: <total gain/loss>
• Current investment on <today's date>: <current value of investment>

2. On the second sheet, write the following:

• Starting investment on <today's date>: <current value of investment>

3. Throw out the first sheet.



You have what you have, and no plan or strategy or rationalization or accounting gymnastics can change that. Move on.


You're welcome.

[Ezenwanyi]

I bought during that period too.
My strategy has been to see and buy back at a lower price compared to the price I sold.
I think it's better than just holding it and doing nothing waiting for the market recovery.