I GOT BURNT TODAY

[FanEagle]

There was a reddit post mocking people like the OP was complaining about. It showed a meme that was like "bought at 13800" and a sad person and today's date and then "bought at 13800" and a picture of a man with lambo and 2 years laters date.

I think that is the best explanation to give these type of people. Yes of course, if you waited another day you could have bought for a lot less and that is bad for you, I wish you could have bought cheaper, we sure could use some people who would buy from here but since that opportunity is long gone there is no reason to feel sad about it and should be looking for the future. Maybe in a week you will still be in profit, maybe in a month, maybe in a year but I can 100% guarantee you if you hold long enough you will be in profit no matter how long it takes.

[Saint-loup]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

One btc still worths one btc and will always do. So if you don't margin trade and don't play with money you need, you can't get burnt

[Caladonian]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

One btc still worths one btc and will always do. So if you don't margin trade and don't play with money you need, you can't get burnt

Reality wise, if you still holding the same amount of btc right now then chances to continue chasing much higher value still at your hands, make sure to
not be move by any circumstances where market sway still ongoing, sets your target goals and wait till things hits up and bring you the benefits that you
intentionally hoping to gain as a reward for your investment.

[BuxCoin]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

not only  you many would have done that , hope you didnt lose much , this is what will add to your experience , do not repeat it only enter when risk suits , at peak risk will be more 

[TheUltraElite]

not only  you many would have done that , hope you didnt lose much , this is what will add to your experience , do not repeat it only enter when risk suits , at peak risk will be more 

At peak risk is less because you sell and get out with fiat. Then you are just going to watch a crash happen and laugh about it because you were wise enough to sell. The ones who will be crying are those who get euphoric with every rise and they think that it is going to be there forever. The forget the logic that selling pressure would soon strike and take slash out the price pump.

I think he OP has made a profit by now and not seeing him answer the posts here makes me think that this topic can be closed now since it is becoming a shitposting haven.

[omonuyak]

Surely. i entered the market at its peak.   . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

One btc still worths one btc and will always do. So if you don't margin trade and don't play with money you need, you can't get burnt

That is a good encouragement and hope op will be able to hold until it gets to $20,000 and by then it is not get burned again but get bless. I said this before and to put it in another way: you can only lose if you sell below your purchase price as far as you have not sold you did not lose or get burned.

[Saint-loup]

Surely. i entered the market at its peak.   . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

One btc still worths one btc and will always do. So if you don't margin trade and don't play with money you need, you can't get burnt

That is a good encouragement and hope op will be able to hold until it gets to $20,000 and by then it is not get burned again but get bless. I said this before and to put it in another way: you can only lose if you sell below your purchase price as far as you have not sold you did not lose or get burned.

Yes I agree with you but BTC will take his time before reaching $20 000 again... It will go up and down several time before that but one day... 

[Tungsten-1]

Surely. i entered the market at its peak.   . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

One btc still worths one btc and will always do. So if you don't margin trade and don't play with money you need, you can't get burnt

That is a good encouragement and hope op will be able to hold until it gets to $20,000 and by then it is not get burned again but get bless. I said this before and to put it in another way: you can only lose if you sell below your purchase price as far as you have not sold you did not lose or get burned.

Yes that is true. And I think that it is important for you to reconsider your investment strategies before actually investing your money in the coins. It is very irrational to invest your money in Bitcoin when it is at peak. The reason is that you get to spend more money on a single Bitcoin than you would if you try to invest when the market is bearish.

[TheUltraElite]

yes just wait its all about patience some time u have to wait for years before u even get back to +-0 sometime just weeks you never know.

If the OP is still holding on to his coins, they would be in a profit neck-to-neck, yesterday I saw bitcoin touch 13k or very close to it. I am sure the OP would have sold because he was panicking about when to do so.

I do feel bad for his position though, buying coins when they are at all time high means you would have to wait a long time after they drop. Anyway that happened with many traders out there since the bull urn of 2017 Q4 but most of them either panic sold and very few actually held on to them. Patience is the key here, because now it seems they could sell at a small margin of profit, if not bitcoin goes even higher.

[BuxCoin]

yes just wait its all about patience some time u have to wait for years before u even get back to +-0 sometime just weeks you never know.

If the OP is still holding on to his coins, they would be in a profit neck-to-neck, yesterday I saw bitcoin touch 13k or very close to it. I am sure the OP would have sold because he was panicking about when to do so.

I do feel bad for his position though, buying coins when they are at all time high means you would have to wait a long time after they drop. Anyway that happened with many traders out there since the bull urn of 2017 Q4 but most of them either panic sold and very few actually held on to them. Patience is the key here, because now it seems they could sell at a small margin of profit, if not bitcoin goes even higher.

if  he is holding then definitely he should be in profit or be with little losses , i know many dont take right decision  in this times they will sell or take reverse trade everything they do with panic , patience and knowing what they are doing is very important

[stellgod]

not only  you many would have done that , hope you didnt lose much , this is what will add to your experience , do not repeat it only enter when risk suits , at peak risk will be more 

At peak risk is less because you sell and get out with fiat. Then you are just going to watch a crash happen and laugh about it because you were wise enough to sell. The ones who will be crying are those who get euphoric with every rise and they think that it is going to be there forever. The forget the logic that selling pressure would soon strike and take slash out the price pump.

I think he OP has made a profit by now and not seeing him answer the posts here makes me think that this topic can be closed now since it is becoming a shitposting haven.

Would you invest in bitcoin at $11000 and sell at $11500, knowing well that it can appreciate further for you to gain more profit? Don’t do like you are a saint, we all fall into this temptation when it happens to us. I am very sure he would have had some increase but I doubt if he will sell his holding yet, I bet he is still watching to see how the value will still appreciate more.

One spirit about bitcoin increase is that we are never satisfied with any increase we witness, there is always this urge and temptation to stay longer whenever we witness a surge in price believing we could get more.Until maybe we see the value of the last ATH. Anyone that has been in the market before to witness what bitcoin is capable of given will always fall for FOMO. There is nothing we can do to change that.

[fiomcorka]

Surely. i entered the market at its peak.   . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

One btc still worths one btc and will always do. So if you don't margin trade and don't play with money you need, you can't get burnt

That is a good encouragement and hope op will be able to hold until it gets to $20,000 and by then it is not get burned again but get bless. I said this before and to put it in another way: you can only lose if you sell below your purchase price as far as you have not sold you did not lose or get burned.

That is right mate, we really have nothing to lose in bitcoin provided we don’t panic sell the spot, because bitcoin is a currency that will always have the volatility to correct any wrong position that was set no matter how long it takes, I am sure those who felt they got burnt in that last bull run would have seen that they are gradually approaching the value back, so next time, they have learnt their lesson never to join people to FOMO which usually cause lots of investor to buy at peak.

Once they are able to get their investment back now at $20k, because I am sure we will get some major dump at this value, I have seen so many analyst, and so many signal provider advising investor to set trade at $20k, I hope this is not where we will have major correction when lots of people takes profit.

[webpixelbr]

Bitcoin is overrated

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

[EXtremeAEX]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

It was not just FOMO. Yes, you saw the possibility of huge earnings and decided that it is urgently necessary to use it. But the main mistake is that you are not prepared for the purchase. That is, didn't study the information necessary for trade.
In any case, if you bought Bitcoin for $ 11k, and just wanted to get your money back, then you already had such an opportunity, I hope you used it.

[Marnihughes82]

You can overcome the crisis and wait until now to be very brave. I believe that few people can stand it, most of them cut losses. I have cut my losses almost

[TheUltraElite]

thinking with patience is much necessary while fomo if you think that you will make 10x profit and put all of your money you will risk much money because reverse move will be more because fo profit booking read risk management to minimize risks in fomo it that way you will lose less and get more profit 

Just thinking about 10x profit is a waste of time. You wont get a profit if you think about it too much and dont focus on your fundamentals about skills in trading. 10x profits would have happened if you bought bitcoin back in 2009 and sold it at 2017 pump, and if you didnt then you can stop dreaming because it would repeat itself right away.

Risk management comes into play if you are playing margin with your money, if you are just holding for the point to sell from a buying spot then you wont have to worry much.

[awik p]

thinking with patience is much necessary while fomo if you think that you will make 10x profit and put all of your money you will risk much money because reverse move will be more because fo profit booking read risk management to minimize risks in fomo it that way you will lose less and get more profit 

I agree. don't panic about that. with patience will certainly return your money plus profit. indeed FOMO is like an emotional game where many people make transactions for fear of losing opportunities, this kind of thing that we should make a lesson

[bitcointraderlinuxxx]

Go to bitfuturex.com and trade there, you may have better lucky there.

[ufaiz50]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

Calm down, if you feel your decision is wrong to try to start from the beginning, I think you already know how the fomo is delivered and if you learn from it you will become a better trader. Many peoples like you, where they bought because of Fomo even though the market had gone up and there was no correction.

[slaman29]

Hey, at least you recognize the fact that you were part of the fomo, hope you managed to hold because it wasn't long ago really. And while now the bears are strong, the longterm chart is still bullish. In fact, long term is always bullish. So as an investor, be patient. Of course, if you speculated and wanted quick bucks, then you learn your lesson.