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Author Topic: Brought Bitcoin in 2017 and sold in 2018  (Read 1329 times)
Bezobraznike
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March 25, 2020, 05:56:33 PM
 #41

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.
   
   We have seen many similar topics around here about people who bought on top and sell on bottom. I agree with you that
newbies without experience get trapped all the time, especially in the times when volatility is huge. I agree with you about
other things as well, we all need to learn more and get experience, nobody is perfect.   
   I am sure that we will see another price surge of Bitcoin and alt-coins. That will happen in the next few years, now when we
are seeing the global economy crash there's no other option for people, Bitcoin or broken economy.



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March 25, 2020, 11:15:28 PM
 #42

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 are not only the unluckiest person there are lots of unluckiest person. Even I didn't many coins in 2017 & 2018 and few coins are dead, few coins are surviving but price is almost cent from dollars. but I don't think much about that because if I think about that more and more I will get nothing without pain. Now I am holding bitcoin and few top rated coins and hoping for it. Better don't try to remember your past.
Here is my tips for you.you can start trade for low amount. Try to buy in low price and sell in high price. but don't put all of your money.try in small amounts it will help you recover your money, not all but few. I did it and it helped me a lot to recover my money.

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March 26, 2020, 04:20:10 AM
 #43

Sorry to hear about that. But you are not alone experiencing that. Buying at peak is the worst case. I did that before so many times. We always have a choice in crypto investing.
  -That is to hold and hold even if it takes longer than expected.
 -Or wait for that coin of yours to pump at least 20% and sell it even at loss then compensate it to other coins. That works fine for me.
 There are coins that hardly recover, I mean thy aren't going back to it's price where we bought them. But let us aways look at the optimistic side of crypto. We tend to recover soon.
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March 26, 2020, 07:38:22 AM
 #44

If you stop investing, you'll never gonna be successful, don't feel bad mate, everyone makes mistakes but if you learn from that mistake, you'll surely be profitable the next time. Actually you are not alone, a lot of us experience the bear market and some force to sell their holdings at a lose, but this market will bounce back, you need to wait for that time, when you invest and you don't have patience, you'll likely not gonna last here longer.

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FanEagle
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March 27, 2020, 08:36:00 AM
 #45

I can understand this, I mean people do have fear in them and they have always feared that they may lose a lot more money. Maybe you and I know what bitcoin is and when to buy and when to sell, however newer people do not know that and I can understand it. When you have 50k that suddenly starts to worth 10k, you are afraid that you will lose that 10k as well, that is why it is seriously impossible to put yourself in their shoes since everyone has different emotion levels.

Some people feel a lot worse during the same thing than you and I may feel. All in all panic sellers probably has a good reason to panic and psychology is actually a lot more important in these type of decisions. I was one of those people who bought in 2017 and sold at peak but that doesn't mean I do not understand others.
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March 27, 2020, 11:19:27 AM
 #46

People who bought the Bitcoin during at the end of the December 2017 and sold them in 2018 we don't know exactly what are you purchasing dates and sold dates. This will ensure whether you make a profit or not you didn't mention about it if you manage to hold them when the price of Bitcoin reaches 13000$ in the last year. It will help you make some recovery about the price of Bitcoin.
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March 27, 2020, 12:32:13 PM
 #47

If you think that you are unlikiest person you are wrong because you are not the only one who invest during 2017 because they have a lot of people who invested more than hundred thousands upto millions dollars and they losing a lot of money when 2018 came.

They still investors who hold their coin because they want to get back what they lost but they have already give up because they are scared to lose more.

I salute to all investors who are brave enough to hold the coin even they losing a lot of money because they did not panic selling and I hope they will get a good return for waiting so long.
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March 27, 2020, 01:33:58 PM
 #48

If you think that you are unlikiest person you are wrong because you are not the only one who invest during 2017 because they have a lot of people who invested more than hundred thousands upto millions dollars and they losing a lot of money when 2018 came.

They still investors who hold their coin because they want to get back what they lost but they have already give up because they are scared to lose more.

I salute to all investors who are brave enough to hold the coin even they losing a lot of money because they did not panic selling and I hope they will get a good return for waiting so long.

He is not the only one having bad luck into the investment of the bitcoin from the previous years because there are a lot of investors taking risk their money to make more income with the help of it. But still as a user, trader and investor of a currency to we need to make sure we have enough knowledge and skills to do this kind of risk but still, no one can make it over and conquer the market volatile because it depends on the people how does it will run, but sometimes market graph shows a sign what are the possible happens on the market price and also we can focus on it to be more aware.

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March 27, 2020, 03:16:55 PM
 #49

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’s not the end. You just have to relax, there is still the opportunity for you to make profit back. You just need to have patience till the price of bitcoins crypto assets gets back to the top. The only thing is that it’s probably going to take a long time before the price goes up again, and with the current situation I don’t really know if we should still be hoping for an increase to take place this year.

I have been expecting the bull run to take place this year after the halving on May, but I don’t really know how it’s going to be now that this pandemic has taken place. But if this year should pass, I believe next year wouldn’t.
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March 27, 2020, 06:14:30 PM
 #50

You did a big mistake by converting Bitcoin into some altcoins!  If you had a strong faith in Bitcoin, then you could make good money as Bitcoin price went to almost 14K USD in 2019! However, forget the past, if you still holding those altcoins, then holding them for a couple of months more. Because after the coronavirus outbreak ends, we can see a good boost in the crypto market which will boost your altcoins too! So, wait for that. Good Luck!

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March 27, 2020, 07:35:46 PM
 #51

I don't understand what you're saying because you initially sold at least 0.5 BTC at the time, whether you immediately cashed it or not it's still unclear I think, because on another occasion you converted to Stellar or this is a different case and I think what you are doing I still cannot understand but nevertheless, holding it at the moment is something we must do because the price is still low, it would be better for us to buy than sell.

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March 27, 2020, 08:32:08 PM
 #52

Plenty of people are much less lucky than you.

There have been people that spent 10,000 BTC on two pizzas, and others that lost hard drives containing thousands of Bitcoins.

You lost a few bucks because you entered a market you don't understand. Get over it.

If you think you can enter at the highest of a bull market then still make a profit just months later, think again.





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March 27, 2020, 08:35:55 PM
 #53

You did a big mistake by converting Bitcoin into some altcoins!  If you had a strong faith in Bitcoin, then you could make good money as Bitcoin price went to almost 14K USD in 2019! However, forget the past, if you still holding those altcoins, then holding them for a couple of months more. Because after the coronavirus outbreak ends, we can see a good boost in the crypto market which will boost your altcoins too! So, wait for that. Good Luck!
Yes. There's no use of bringing your mistakes into the present time because it will only disappoint you and lose your focus on your current investment. That was really a big mistake but what is important is you learned from it. Who knows? You can still make profits from your altcoins in the next few months if bull run will come into reality.
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March 27, 2020, 11:56:31 PM
 #54

(....)
 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.
This is an extreme worst-case that also happened to me. By having altcoins by those days, I also experienced this, holding altcoins which almost 50% lost on those days, what I did was I converted all of them to Bitcoin and no regrets, I accepted all my lost before but I am still positive since I converted those in Bitcoin and hoping that Bitcoin will able to cover those losses.

TravelMug
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March 28, 2020, 01:42:39 AM
 #55

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.

Perhaps the biggest mistakes you have is selling them and then putting it into an altcoin such as Stellar and Ripple. I don't understand why you bought those two altcoins, or what made you sell your bitcoin in the first place.

You can sell them obviously, but it will be a big lost to you. So you have no options right now but to hold and wait for the imminent bull run in 2020-2022. I do hope that you have the mental toughness to hold that two coins that long.

 
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Free1bitco.in
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March 28, 2020, 02:08:36 AM
 #56

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.
don't be weak friend, you just need to wait. this year, a year of great potential. if the coronavirus doesn't spread, I think you can get your chance back. for now, it's best to hold the assets that you have, because you've held it this far. many people have the same fate as you. for now, you just need to wait until this virus problem is finished and wait for the second chance to be brought down by halving. hope that the changes that will occur will be very large.
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March 28, 2020, 03:02:15 AM
 #57

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.
Holding Means your capacity to Wait and take longer time before getting your price,don't just put time frame instead put a Price expected and that will be your pattern to sell because Volatility will always there to bring panic to us.

look at the value now?there is no good profit in all of the currencies unless you are willing to risk daytrading because the market goes up and down this past 2 weeks.

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March 28, 2020, 01:41:43 PM
 #58

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 arent the only one who do experience such unfortunate situation.Come to think to those people who bought bitcoin wayback when its on peak price like $15-20k per coin.?

For sure that most of them had already sell off their coins for cheap and trying to recover on investing or buying back on cheaper price.This market is always unpredictable
thats why these kind of scenario or cases are pretty common.
For now take this as a lesson learn and it is much more better to accumulate coins at this moment yet most of them are pretty cheap.

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March 28, 2020, 02:46:22 PM
 #59

That very unfortunate. Not only you, But Most of the crypto traders did also like you. I was too Smiley
We should not think about now because it only can increase disappointment and make you unhappy again and again. So just forget that and go ahead with your latest experience. good luck. I hope you will succeed in the near future.
This is why the readiness is very important before investing in this volatile market since nothing is certain here so we can easily face the disappointment.
We all once experienced failure in this market because if not then you are not a cryptonians.
Plenty of people are much less lucky than you.

There have been people that spent 10,000 BTC on two pizzas, and others that lost hard drives containing thousands of Bitcoins.

You lost a few bucks because you entered a market you don't understand. Get over it.

If you think you can enter at the highest of a bull market then still make a profit just months later, think again.
Spending that huge amount of bitcoin just for a pizza is normal that time since Bitcoin has a tiniest value and it took years before finding out the true value.
And look at the market now still people are spending bitcoin to even purchase KFC chicken.

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March 28, 2020, 05:45:01 PM
 #60

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 arent the only one who do experience such unfortunate situation.Come to think to those people who bought bitcoin wayback when its on peak price like $15-20k per coin.?
That was a very unfortunate for you man, but not only you haha. I've also experienced a bad trade and prediction although the market is continously going high there will be a point somewhere on top that it will go down due to speculation. So if you lost then your speculation is against the many, vice versa, that's why winning on this industry is really hard coz you're against all the odds but I must say this to you, winning a trade is really an achievement especially when you hit big.

For sure that most of them had already sell off their coins for cheap and trying to recover on investing or buying back on cheaper price.This market is always unpredictable
thats why these kind of scenario or cases are pretty common.
For now take this as a lesson learn and it is much more better to accumulate coins at this moment yet most of them are pretty cheap.
Everything must take for a lesson learned, that is life of a trader no one loses, instead we are all making mistakes that turned to be our lesson learned.
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