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Author Topic: Problem i bought 2 weeks ago $2000 bitcoin and now it goes down  (Read 800 times)
buybossback
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July 16, 2019, 07:04:28 PM
 #1

Problem i bought 2 weeks ago $2000 bitcoin and now it goes down
and I lose money when it gets back and i recover?
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July 16, 2019, 07:06:03 PM
 #2

Give me $2000 and I'll tell you how to recover the money.


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July 16, 2019, 07:10:05 PM
Merited by 600watt (1)
 #3

Welcome to speculation. Nobody here, or anywhere, knows what will happen next. Which is why the first rule of investing is "Never invest more than you can completely lose".

Having said that, my guess is that we have more growth this year. Remember, you have not lost any money until you sell at a loss. So don't do that.

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July 16, 2019, 07:13:47 PM
 #4

It will go down more so if you plan to hold it, hold it tight.  I thought it won't do that low but if you take a look at the monthly chart, its almost assured its going to dip down to almost $3k again. Not an easy job for a newbie to come into a very manipulated market such as crypto. A lot will begin to regret not selling when it spiked days ago.

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buybossback
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July 16, 2019, 07:16:21 PM
 #5

It will go down more so if you plan to hold it, hold it tight.  I thought it won't do that low but if you take a look at the monthly chart, its almost assured its going to dip down to almost $3k again. Not an easy job for a newbie to come into a very manipulated market such as crypto. A lot will begin to regret not selling when it spiked days ago.

$3000?!? what the hell
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July 16, 2019, 07:18:36 PM
 #6

You are not yet in lose unless you sell. Before investing, I guess that you are not aware that bitcoin is volatile and someone just told you to invest into bitcoin because it can make you rich one day?

$3000?!? what the hell
It's possible just prepare yourself but I don't think that it would be the bottom.

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July 16, 2019, 07:24:09 PM
 #7

It will go down more so if you plan to hold it, hold it tight.  I thought it won't do that low but if you take a look at the monthly chart, its almost assured its going to dip down to almost $3k again. Not an easy job for a newbie to come into a very manipulated market such as crypto. A lot will begin to regret not selling when it spiked days ago.
This is typical noob behavior during a price decline of this nature. If you seriously think Bitcoin will dip to $3000 again you are delusional. The monthly looks actually still bullish, so you're full of shit.

OP, don't pay attention to this person. He is trying to make you panic sell. I think he panic sold at a loss and is now desperately hoping to buy back a lot lower. I have seen this so many times before. It's just how people are.

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July 16, 2019, 07:31:58 PM
 #8

Problem i bought 2 weeks ago $2000 bitcoin and now it goes down
and I lose money when it gets back and i recover?

You have posted in Speculation section, therefore, majority of the answers is speculative too.

No one knows "when" your desire thing will happen.

You still hold that bitcoin. The moment you sell it lower than the price you bought it, "obviously" you lose. So what to do now? Then don't dump it yet and "TRUST THE PROCESS".

But what if the price goes down more? Then take that as a loss, forget and move on. At least on the day when bitcoin price now reaches your desired price, that early loss is not actually a loss since you still hold it.

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July 16, 2019, 07:38:18 PM
Merited by vapourminer (1)
 #9

Remember, you have not lost any money until you sell at a loss. So don't do that.

I'm not a fan of that mentality. Selling at a loss can be a great decision. I'm all about taking small losses so I can find another trade and let my winners run. Otherwise you might be stuck holding the bag for weeks, months, years. And the biggest problem with bagholding is the emotional toll. A lot of people wait and wait and end up selling near the bottom when they can't take it anymore psychologically.

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July 16, 2019, 07:53:44 PM
 #10

if you take a look at the monthly chart, its almost assured its going to dip down to almost $3k again.

lol
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July 16, 2019, 07:58:01 PM
 #11

"Never invest more than you can completely lose".
I've heard that so many times on this forum that it ought to be some kind of stickied message on the home page.  Seems like a lot of folks end up getting in over their heads when the bull starts a-chargin'.  

OP, I don't know how much $2000 is to you, but hopefully you're young and that's not your entire life savings.  As far as recouping your loss, I'd advise you hold on and don't sell what you bought.  Obviously that's how people lose money--buying high and selling low.  Bitcoin is a rollercoaster, always has been, probably always will be.  And my best guess is that if you bought at $12k or whatever your price was, it'll get back there.  It probably won't take too long, too.  The market is still very bullish and what we're seeing is just a correction/dip.  Hang tight.

Remember, you have not lost any money until you sell at a loss. So don't do that.

I'm not a fan of that mentality.
Nor am I, and I don't even believe it's a true statement.  If you use mark-to-market accounting, what you have is what you're worth at the end of the day--whether you sell or not.

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July 16, 2019, 08:01:39 PM
 #12

It will go down more so if you plan to hold it, hold it tight.  I thought it won't do that low but if you take a look at the monthly chart, its almost assured its going to dip down to almost $3k again.

 Huh

I confess that I am lost, let's suppose that OP bought when the price was $12000 and now the price is in the $9000, OP has lost $400, and probably should have currently  $1600, and if the price falls to  $3000 as yours prediction, would not it be much more profitable for OP to sell now? OP sells now and gets his $1600 and if the price drops to $3000 he buys and gets 0.5 BTC.

That's why a person should never be too attached to Hold, the person must know how to evaluate risks and act on the situation. Hold should be used wisely



Problem i bought 2 weeks ago $2000 bitcoin and now it goes down
and I lose money when it gets back and i recover?

Did you buy at what price?

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July 16, 2019, 08:25:23 PM
 #13

You just have to hold man, just hold until the price rises and sell if you can't afford to see you BTC decrease in fiat money value

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July 16, 2019, 08:56:05 PM
 #14

Only trade what you can afford to lose.
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July 16, 2019, 09:31:20 PM
 #15

The good news is you weren't trading on margin and there's nothing to force you to sell off that coin at a loss- I know many people have gotten liquidated longing this recent dump and the liquidations have fueled the run down. That being said, the beauty of buying bitcoin using fiat is that is it's now in your possession and you can sell it whenever you'd like to. Unless you desperately need the money for something, you could consider just holding the coins for a few months or weeks and seeing if Bitcoin recovers from the rut it's currently in. Nobody knows where price is going to go in the future for sure, but it does seem this bullish run isn't over just yet.

You could also just sell at a loss and wait for another opportunity to buy in lower and enter later. Sometimes the best play is to just cut losses and find a better setup to enter in down the road, though it's your choice in the end.

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July 16, 2019, 09:52:12 PM
 #16

You just have to hold man, just hold until the price rises and sell if you can't afford to see you BTC decrease in fiat money value

That's easy talk from behind your keyboard. In most cases when people feel in panic and consider selling, they very likely will sell.

It seems to me that OP's $2000 was an amount he really couldn't miss. If that's indeed the case, I would say to cash out 25-50% so that you have at least some fiat in your pocket, and just hold the rest. It's much easier to ride out corrections with fiat in your pocket than without, and it gives you peace of mind.

People rushing in to buy at +$10,000 levels while they had enough time to buy below $5000 shows that people just don't know what they are doing. It's purely a gamble to them.

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July 16, 2019, 10:16:43 PM
 #17

Problem i bought 2 weeks ago $2000 bitcoin and now it goes down
and I lose money when it gets back and i recover?
You wouldnt lose anything if you didnt tend to sell your bitcoins.Yes, it goes down its price as of this moment compared
on previous days but dont worry since price would really recover.If you can patiently wait then its good but if not then you can
sell for loss.You should be aware that this is how this bitcoin market works.

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July 16, 2019, 10:29:43 PM
 #18

It's a challenge whether you hold it or not because we know how this coin behave. Try to build some patience if you want to earn some profits because this is not an easy task, it really takes some time to recover our losses if you just believe on it.

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July 16, 2019, 10:33:31 PM
 #19

Problem i bought 2 weeks ago $2000 bitcoin and now it goes down
and I lose money when it gets back and i recover?
You wouldnt lose anything if you didnt tend to sell your bitcoins.Yes, it goes down its price as of this moment compared
on previous days but dont worry since price would really recover.If you can patiently wait then its good but if not then you can
sell for loss.You should be aware that this is how this bitcoin market works.
It absolutely a big lose for him if he sell it at this time but (maybe) he'll won't do it if he believe that bull run will come.
This is to think that the market isn't in favor to us all the time, may loses will be ours if we can't wait for the perfect time. Giving some patience will only be a key to help it out from losing our funds.




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July 16, 2019, 10:39:15 PM
 #20


Go get a job instead of wasting ur time with scams
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