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Author Topic: Brought Bitcoin in 2017 and sold in 2018  (Read 1271 times)
hugeblack
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March 09, 2020, 02:56:22 PM
 #21

You have made a set of mistakes that have accelerated your rate of loss, as you have invested without specifying a plan for when you will be buying, selling, or even a profit-friendly mechanism.
You let negative feelings control you, and therefore I made decisions based on emotion, not mind.
You still have a lot ahead. The market is still promising. You need to study the market again before making more unwise decisions.
BrewMaster
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March 09, 2020, 04:57:03 PM
 #22

in other words you just keep on making mistakes after mistakes! you buy bitcoin near its top of the bubble and then sell it after a long time when the bubble popped and the price got closer to the bottom.
then you go ahead and bag hold a completely useless shitcoin that has been dumping at a speed which was 4-5 times faster than bitcoin!
this is not a way to make an investment, not in bitcoin and not in any other market in the world.

There is a FOMO brewing...
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March 09, 2020, 06:43:38 PM
 #23

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.

There are many others like you who are in a similar situation. Most people who bought altcoin like you are at a huge loss right now. The real reason for your situation is the lack of proper planning. You should not invest in something that you do not have a proper idea of. The coins that you bought, the coins pumped up a huge, there was nothing more expectation.

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Kelvinid
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March 10, 2020, 04:56:00 AM
 #24

Maybe it was time to take a break and move on from the past, we lose a lot during that time and there is no way to recover it if we never face the upcoming. It has to sacrifice sometimes but we never think that this would be our end in crypto. Losing is a part of crypto and we all have to experience that for sure.

The market still struggling difficulties until today and investing crypto is at high. We can't guarantee anything that is why we should have to act wisely, choose the right coin and the last thing to do is to be prepared for the ups and downs.

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ArIMy11
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March 10, 2020, 03:04:10 PM
 #25

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.

Consider yourself still lucky because when I waited for btc to reach $20K I hold my btc and even I see the market is going to dump I still have hopes that it will recover. But no. Market goes more deep down until my btc price was divided into two. I lost half of my money or possible more.

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Mumbeeptind1963
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March 10, 2020, 05:11:38 PM
 #26

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.

Consider yourself still lucky because when I waited for btc to reach $20K I hold my btc and even I see the market is going to dump I still have hopes that it will recover. But no. Market goes more deep down until my btc price was divided into two. I lost half of my money or possible more.
I think it better to know the market situation first before you sell it. Like if you saw the market is rising then grab the opportunity to sell your Bitcoin if you feel it is the higher peak of the market. Also you should know the market well and always follow your instinct, then keep yourself being optimistic and have patience all the time because it can use you to be success.

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wozzek23
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March 10, 2020, 06:32:19 PM
 #27

I was one of the lucky ones who got into bitcoin way before 2017 and made a decent amount of profit during the 2017 peak however that doesn't mean we didn't had any losses during 2018 as well.

I have probably made more money on bitcoin than I lost so there is no way I can complain right now about getting in, however I could have made so much more money if I stayed away from bitcoin during 2018 bear run as well. Did that kept me off bitcoin? No. I bought more in 2018 and more in order to drop the averages and I managed to drop it as much as 5-6 thousand dollars when we got into 2019 and price was still around 3.5k, so I was still in a big minus after a whole year of persistent buying. What happened? Price went up a lot and I profited again. Do not give up and forget about the past.
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March 11, 2020, 08:52:41 AM
 #28

So your buy-sell timespan is pretty much just months, not even one single year. That timespan is nowhere close to even being called "investing". It looks like you bought bitcoin so you will "get-rich-quick", where mindsets like that always end up making people lose money. You might want to be more realistic with your expectations.
This is an easier said than done thing. I mean about people buying Bitcoin for the sake of buying it and not for profit making. Is there anyone who goes into investment without aiming at profiting from it? Nah, I don't think so. As for the OP, such things happen. Business is either profit or loss.

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March 11, 2020, 01:39:22 PM
 #29

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.

It's unfortunate, and there are many more who are in your position and continue to repeat the same mistakes.

If you can afford to then I would suggest continuing to hold what you have. Store your holdings securely and don't check up on price. If you hear about crypto in the news and from friends and family (who will have seen it in the news) then that is typically the time to sell.

Sign up to Revolut and do the Crypto Quiz to earn $15/£14 in DOT
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March 13, 2020, 04:07:47 PM
 #30

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.
Bought at 2017 3rd quarter? That means you bought when the price was somewhere around the peak price I guess? And then you ended up selling in 2018 when the price was falling instead of having patience. This is why whenever I’m investing in Bitcoin I make sure that the amount I’m investing is something I can leave there should in case things go wrong with the market.

It’s not every time that the market will be climbing up, there are times the market would crash and you should always be ready for such times. It’s just like as of recent when the price dropped down to $5000 all of a sudden and then got back to $6000. So, you never know.

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March 13, 2020, 05:06:53 PM
 #31

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.
You might have been impatience and not waiting for bitcoin's price to increased that you didn't control your emotions, that is why you suddenly converted all of your cryptocurrencies and sold your bitcoin, but just like what you have said it must be your fate. I hope you have learned from those mistakes and you should be now waiting for the right time and have patience for you to maintain your long term investment.



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Rainbot
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March 13, 2020, 05:25:05 PM
 #32

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.
Your mistake was that you saw the market making new highs and decided to enter the market at that point, that was not the moment to buy that was the moment to sell, this tells me you probably do not have a lot of experience when it comes to investing since anyone with some experience would have known it was too late to enter the movement, if you could have waited a few months you could have gotten a way better price and you could have sold during July of 2019 and obtained important profits.

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March 13, 2020, 07:36:12 PM
 #33

Take it easy you are not alone experiencing it, because some people also experience it like buying coins when the price high and until now
can not be sold. And waiting for the miracle of halving bitcoin in 2020 so that prices return to a minimum like in 2017, although the possibility
of it is getting smaller seeing the current market conditions are down. But there is still about a month left changing circumstances, I'm still
positive until now, waiting for a miracle to happen. So my advice is not to lose selling altcoins that you already have buy wait a little longer
until halving occurs does nothing wrong.

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March 17, 2020, 03:46:54 PM
 #34

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.
You should not call yourself as the unluckiest person but you can call yourself a greedy person with lack of patience.
Do not take me wrong but ever if you had the patience, you would have waited for the price to get back to normal so that you can sell for profits rather than selling for loss. You should usually forget about the money you invest in trading as the profits would never be simultaneous and majority of times you have to face loss.

You should learn how to trade first before buying another coins. You can have major benefits for long term holdings but in your case you had loss even after holding for long term.
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March 25, 2020, 06:45:23 AM
 #35

This is an easier said than done thing. I mean about people buying Bitcoin for the sake of buying it and not for profit making. Is there anyone who goes into investment without aiming at profiting from it? Nah, I don't think so. As for the OP, such things happen. Business is either profit or loss.
It is possible that they bought bitcoin without the thought of keeping it as an investment. Rather using it for buying/selling stuff. It is a currency or a mode of payment.

If you can afford to then I would suggest continuing to hold what you have. Store your holdings securely and don't check up on price. If you hear about crypto in the news and from friends and family (who will have seen it in the news) then that is typically the time to sell.
Holding is the only thing that they can do. Unless they want to sell at loss and exit this unending cycle of anxiety and depression. The second option is actually not a bad thing to save one from the mental trauma. There were people who had taken loans to buy coins at that time and are still unable to pay back. Some of us are lucky to not have been a part of that.

R


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March 25, 2020, 08:21:53 AM
 #36

you must have lost a very large number of friends. Well, I only recommend choosing other coins besides the ripple to be held for a long period of time. however, the ripple decline from year to year is quite severe. other than that, ripple hasn't made a big development since the beginning of 2019. Well, everything depends on your decision, but try to make observations.
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March 25, 2020, 08:43:03 AM
 #37

If you gone with this experience then you are the unlucky person.if anybody bought in early 2017 and sell in late 2017 will get mighty profit. This can happen to every new trader. i don't think experienced traders can do this because you have to deal with the share history price and calculation. Last thing is that when ever share is going up you should be careful about that because it will come on correction.
So trading is not a easy job.you have to gain some experience then trade smartly.

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March 25, 2020, 10:22:45 AM
 #38

One of the biggest mistake of a trader is to become emotional it times of market breakdown. For me, i hold unto my Bitcoins because if you truly believe in it and it's a revolutionary technology then you dont have to panic when it falls down. Once you have an eye to the price it's really not important if the price falls in the short term.

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March 25, 2020, 10:31:15 AM
 #39

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.

That went as very bad trade.

You bought bitcoin around $4,400 to $5K USD. However after that lot of fluctuations came into effect and made the prices go spike a lot. You might have sold it at wrong price.

If you check the historical charts then we have gone as high as 9,500 USD. Holding would have been better option (off-course in BTC form).

Other shitcoins are really not usable when it comes to the holding.

You better convert it into the BTC but it has to be at its worst.  Undecided So wait for it, and convert and hold. Thats the rule for ya!!
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March 25, 2020, 10:34:12 AM
 #40

Selling at a loss is not good, maybe you got FOMOd during that time, and let that experience of yours as a lesson that you have to learn.
Crypto market is always here, the price could go up and down, what you need is just timing but you won't be able to do that without patience.

I don't want to say I am perfect as I also made some mistakes selling, but that mistake was due to the fact that I don't have a choice anymore, I need money that time so I have to sell at a loss, but I learn I should not get anything from my investment and I should be willing to hold it for long term.

There will be bull run and we will see another ATH of bitcoin and altcoins, that's what I am hoping now.

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