I GOT BURNT TODAY

[maydna]

I guess this day, and we will see bitcoin price will break $13k in today or tomorrow

If that happens, I am sure many of us are making a lot of money from bitcoin, and they can have a smile because they can try to reduce their losses from the last year. But still, for people who are buying bitcoin at more than $15k, they need to wait for a while, and they don't have to worry because bitcoin price will reach that price. While the price still on the way to increase to the higher price, it is better if we can buy more bitcoin if you have more money, but if you don't have more money, then you only need to wait for more.

[hahay]

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.

In this period I think you still have the chance to make a profit on FOMO that you are doing, now the price of bitcoin is in the range of 12k and that possibility will continue to increase. So I think you are still lucky to still have the opportunity to make a profit because this is a good period and for the future hopefully it will be a learning for you not to become a FOMO.

[Fivestar4everMVP]

Luckily for you, Bitcoin has been performing well in this few weeks, so probably if you still holding your position, you should be in good profit right now, this is one good thing about crypto, you never lose until you sell, price may go down but as long as you continue to hold your position, chances are that you are likely to recover your money back and sometimes in huge profit

[Mrengage]

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.

Sorry your bad, definitely if you won't have FOMO you will have gotten in and out on time try and control your emotions when trading Bitcoin and as well make sure you analyse properly.

[Emitdama]

What are you afraid of? Isn't this good news that bitcoin is bouncing back. Don't be left behind by a good moment. Bitcoin has successfully entered the market for $ 11,000.

It is still not a mistake that he is buying at this price, because I am sure the market will cross over that value soon, but everyone needs to keep at the back of their mind that we are already approaching a stage where we need to be very careful not to allow FOMO to push us into mistake, this was the mistake some people made in the last ATH that made their money tied till now, and they had to wait for this next season for them to get their money out, it is still not too late at this $11k, but we should be very watchful and careful of the whales. I believe before the whales can strike again, Bitcoin will definitely surge up to $25k.

[stadus]

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.

Well, I hope you don't panic, price reached $13,000 before it dump, and now back to almost $12,000, so if you sell now, you are still at a profit.
You got FOMO but at the right time as I believe we will not be stable at $11,000 this year, aim for $20,000.

[TheUltraElite]

Sorry your bad, definitely if you won't have FOMO you will have gotten in and out on time try and control your emotions when trading Bitcoin and as well make sure you analyse properly.

OP didnt actually make a wrong move here. Seems like he got lucky and bitcoin is moving up even more. So if he sells he will be in a profit. I hope he does that and comes out because the market is currently having a roller coaster ride. When it is going to drop is unpredictable and he might beon the red if sold at that time - panic selling that is.

11k is not a good price I would buy bitcoin, which is why I tried to spread the word of buying bitcoin during the bear market in order to profit from this type of bullish runs. But even then there is nothing to be concerned of, I am sure OP will recover and trade again.

[Questat]

It is OP at wrong timing and get depressed when he saw sudden drop of bitcoin, it probably he is new into this investment and it is normal to be worried for its lose. It looks like he is hopeless by now and I hope he listen what expert say and what he read in this thread. And nothing will be wrong if he didn't sell his coins.

[Dontme]

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.

Don`t stress out on short term loss, surely if you hodl btc it you will gain profit in the long run.

[leonair]

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.

You have just done the 'Buy high' strategy and I can't say that 'Buy high, Sell low' because you still holding your Bitcoin.

Putting your money in when the market is in an uptrend is quite dangerous because there is a high percentage that anytime a price correction would occur. I know that you felt excited and now you are learning the hard way but luckily for you Bitcoin's price bounces back and beyond $11,000 as of now.

[DebitMe]

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.

You have just done the 'Buy high' strategy and I can't say that 'Buy high, Sell low' because you still holding your Bitcoin.

Putting your money in when the market is in an uptrend is quite dangerous because there is a high percentage that anytime a price correction would occur. I know that you felt excited and now you are learning the hard way but luckily for you Bitcoin's price bounces back and beyond $11,000 as of now.

I have a feeling it wont stay this high for long. I am getting ready for a pull back

[Bagaji]

If actually you experience any lose it is due to the short time period because with time you surely be in profit. Although for that to happen you really need to hold for a period of time to recover what you believe to have lost. Though it was not a list.

[Mahanton]

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.

Don`t stress out on short term loss, surely if you hodl btc it you will gain profit in the long run.

Panic will lead you into further loss so mind control and panic handling will really be crucial yet not all people would able to pass this test.
Most of them do still end up on panicking and selling off their coins to prevent further loss without even realize that the market do still have the
chance on recovery.Its just a matter on how you do believe on btc itself.

[Indrawan77]

Its okay just learn more about the market even if you enter at peak you still got some choices, the first one is aim for long term, just hold it for several months the price surely will go up, and now the price already surpassed 12k, the second one is learn to get even with averaging, entering at peak is a common things, many newbie fall into that trap because of fomo

[Naida_BR]

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.

Well, that's the most usual mistake that traders do.
Really, you were watching the market and seeing the prices going up for so long and you decided to jump into it when it reached 11k? I hope that you will recover your losses in the long run, but be cautious and do your analysis before investing.

[partysaurus]

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.

if u have this weak nerves i can give you a tip right now just stop doing this investment thing its not for you, u gonna be burned way harder along the road and if u cant even deal with maybe buying at the top u are to weak for this market.
Alot of us has been burned way harder without even flinching its a part of the game.

[Mrengage]

Surely. I entered the market at its peak.  . I doubt if I will survive 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.

The Market can't tell when it will be ok to take part (join the trend) is all base on your own analysis to understand the market before you enter and also stay away from P&D groups or channels. Because that is another example where one can get burnt when seeing a signal is dropped and you enter late.

[HELLOFF]

I hope that the current Bitcoin indicators will make it possible not only to return the spent funds of many cryptocurrency users, but also to partially earn money, because at the end of 2017 their investments negatively turned them against the cryptocurrency market.  If all goes well, then these people will remain ardent supporters of Bitcoin.

[bitgolden]

It is OP at wrong timing and get depressed when he saw sudden drop of bitcoin, it probably he is new into this investment and it is normal to be worried for its lose. It looks like he is hopeless by now and I hope he listen what expert say and what he read in this thread. And nothing will be wrong if he didn't sell his coins.

That is one bad thing about FOMO, and we have so many people that are falling into FOMO everyday but afraid to share their because of fear of being mocked or laughed at, or even being seeing as an I competent trader or investor, but we cannot all deny the fact that we don’t fall into it. The market is so difficult to predict, and I could remember that I fell into FOMO that is even worse than that of op’s own.

When bitcoin rose up to about $13,800, I rushed to buy, thinking bitcoin will touch the value of $15k at the speed it was going before any correction, I knew there was going to be a correction, but greed and FOMO made me to quickly consider entering at $13800, it was just as if I was the target, so annoying, the point I entered was when bitcoin made a very high correction back to $10k, was so mad at myself, but I am still not worried, because I know that the value is coming back.

[NathanJB]

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 obviously FOMO on your part. I guess a lot of people share your experience. Many must have thought that Bitcoin would reach as high as $16,000 at that time. But it is not something to be too sad about. It will only take a day or two before Bitcoin would exceed $11,000 once again. Just keep your patience intact and avoid selling with a loss.