What is the best advice for Bitcoin ATH investors ??

[Mehedi72]

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

Firstly, where was he, when bitcoin drop at 4k dollar? If he bought btc then, right now his loss should be cover. If not, then tell him to buy more btc. If he can afford. Thus if btc raise at 13/14k dollar, his avarage loss should be cover. Avoid selling btc at current price if he doesn't face any economical problem.

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[Pamadar]

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

My friend had sold His Bitcoin last year when the price surge to 14k$ and lucky to Buy again last march when the value drops down to 4$k level.

But not are lucky to have just decision because some of my friends are still holding now longing this halving will make more than 20k again.

There is need crying over spilt milk, since the deed has already been done there is only one way out imo, it is better he hold for as long as it takes, except of course he has plan to spend the money, if not let him hold for a higher price, I believe it will come.

actually they have no other option if they don't wanna lose big.

Unless they know another Coin to invest that will make growth in a shorter period of time.

[pawanjain]

Everybody does a mistake especially when speculating. Buying bitcoin in ATH price surely seems like a burden but if we take things into perspective and build a strategy then we can cut the loss and hence lower the burden.

I have seen people buying at ATH complaining about their losses but there are others as well who don't complaint and rather "do something" to minimize their losses. If your friend has bought bitcoin at ATH then he can do the following

1. Minimize his loss
2. Wait for bitcoin to go to moon (would probably take a long time - you never know though) - Hence not recommended

There are multiple ways to mininmize the loss such as averaging down the buying price by buying more in lower prices, trading actively so that the overall unrealized gains are increased, short term trading etc.. But these still requires skills and have risk of more loss. So think wisely and decide according by doing a good research.

[rodskee]

we never know his friend might have been busy outside that time or his friend dont have any idea yet on btc when btc value was still small  .

Or also expecting for much higher value thinking that the pumped still ongoing, forgetting about doing good research to properly
anticipate the market and position the right target exit.

you know many people already entered when btc was pumping  because that was also the time where the name btc got trending and spreading like a wild fire  .

Many people did their investment after seeing the hype, even without doing proper research they've just listened to some
friends or relatives who are into this investment.

other than that , I like your solution to his friend.  maybe he can sell some if price increase a little bit more because that makes it not really painful than selling his btc at a current rates   .

He should wait for some time to cut his/her loss, it's much better to keep holding and try to minimize everything instead
of allowing and embracing huge losses by now.


The industry still surviving and the chance of seeing another wave of pumped is possible though it's a matter of
proper understanding that will let your investment to grow.

[Onuohakk]

This is what the fomo do cause. Although nothing has spoilt anyway. Your friend should hodl his bitcoin pretty hard, there's much hope for bitcoin to go up against $19k.

If that bitcoin price was skyrocketing more, above that $19k in 2018 till now. You could have imagine how rich he would have been by now.

[supine]

If your friend couldn't trade then just hold it specially if your friend believes that the price could go up or even get way higher than the current ATH.
We couldn't force them to sell it because it is their investment their money so they should be the one to decide for it but we could guide them.
You could give your friend some tips on trading and some guide on how to trade properly.

[BuNga_cute]

The best advice is of course hold the bitcoin that your friend have, because as long as your friend's bitcoin has not been sold, your friend
has not lost money. I am also one of the people who bought bitcoin when the price of bitcoin was at $ 19k, so until now I am still holding
the bitcoin. Actually we do not need to worry about the price of bitcoin which has not yet returned to the price of all time high, because
I am sure the price bitcoin can exceed $ 19k. All we need to do is be patient, I'm sure in 2-3 years bitcoin can reach a price of $ 50k.

[LogitechMouse]

Right now, the best thing to do is to just hold the Bitcoins they bought and if they added more BTC along the way then it would be better.

The hell time for Bitcoin is over already (2018) and now is the start of the slow rise of crypto. With the halving done already, many are expecting that Bitcoin and other currencies will slowly increase its price. Just hold unto the Bitcoins that you've bought at ATH. I just hope that you didn't panicked along the way and sold it at a loss .

[AniviaBtc]

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

Firstly, where was he, when bitcoin drop at 4k dollar? If he bought btc then, right now his loss should be cover. If not, then tell him to buy more btc. If he can afford. Thus if btc raise at 13/14k dollar, his avarage loss should be cover. Avoid selling btc at current price if he doesn't face any economical problem.

That's really a huge loss for him, but always think positive and never think of giving up, especially in cryptocurrency. We all know that bitcoin is volatile and if it reached that all time high in 2018 or 2017, there's a possibility that it can reach that again or surpass that price. Bitcoin is really unpredictable and I know that there are a lot of people like you who are still hoping for the better results of their investment. Never lose hope, or as soon as possible, manipulate your money or invest to an altcoins where you can have a side-line profits. There are a lot of things that you can make as a source of profit not only in bitcoin, but always prioritize bitcoin above else.

[m.nauman169]

For the time being, holding BTC is the only option because no one wants to loose $9K. Who knows what would be the price of BTC in near future as crypto pioneer Adam Back has predicted that the price of 1 Bitcoin would be as high as $300k. So don't loose hope and hold until price goes back to $20k or more.

[nicecrypto]

If I was among btc ath investors, my only option is to continue to hodl, I will just forget about them in a secured wallet for long term, we have heard great predictions about what btc price could be in few more years, it is possible btc will go even higher that the 20k ATH, if you are not desperately in need of money then hold.

[veznata]

i am in a similar situation with the only difference i bought most of my bitcoins at a price between $400-600 and didn't sell at previous ATH. My advice is to forget for at least one more year until price hopefully (and probably) hit $40-50 K.

[Gozie51]

i am in a similar situation with the only difference i bought most of my bitcoins at a price between $400-600 and didn't sell at previous ATH. My advice is to forget for at least one more year until price hopefully (and probably) hit $40-50 K.

Yours isn't same with the guy in OP's story. He bought higher at ATH and low price is far below his price. But for yours, at $400-600, you are still in huge profit. At least profit of $8800 or close there. That you didn't at ATH, doesn't mean you are now at loss.

[leeboy]

If it was low amounts - just forgot for the better days. Its the only one that you can really do. Or if you are risky you could out everything in margin trading and try to recover funds

[South Park]

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

Quite honestly he has no other option but to keep holding, he had a chance to sell his coins for a small loss back in the day but he did not took it, if he was able to keep holding his coins even when the price was very close to 3000 then it does not make a lot of sense to sell at 9000 unless it is because of an emergency, obviously this brings the question about how long he will still have to hold to at least recover his money? And that is something no one really knows as many circumstances need to come together to produce a bull market.

[DabsPoorVersion]

now he doesn't have the mind to sell and take his loss,

First, I would commend him because he can still think of not selling and take his losses,

Second, continue holding. Since he was able to hold it since 2018, I am sure he can still hold it until the next ATH. It will take time and a lot of patience, I know it is really hard to endure but holding is the only option to take his losses back.

[7788bitcoin]

First, I would commend him because he can still think of not selling and take his losses,

Many burned a big hole in their finance by investing when the price was high and when the market started falling many accounts were wiped clean because many were forced to clear their debt and if they are holding the coins then the wait to level off the entry is painstaking.

 

i am in a similar situation with the only difference i bought most of my bitcoins at a price between $400-600 and didn't sell at previous ATH. My advice is to forget for at least one more year until price hopefully (and probably) hit $40-50 K.

It is not a similar position by any stretch as you are in huge profit and the OP is talking about investors who are at a heavy loss. If you are able to hold for a couple of years then you might reach those valuation but it all depends upon the global economic situation.

[MrMojoRising26]

Have patience if you can wait you will be rewarded eventually. Refuse to sell at a loss, and try to learn market cycles, parabolic runs and all that stuff that way the next top you will know when to take profits. Or learn how to use a stoploss is pretty helpful as well.

[Rengga Jati]

Actually it depends on the target of your friend. If he plans to keep it a long time, then he doesn't need to do anything unless to keep holding until the price can be above $19,000. The problem is when your friend needs urgent money in a big amount, so he should sell the Bitcoin at any price. But, if he has enough money and not needed to sell the Bitcoin, I suggest HODL strategy. Of course, it is not easy to hold Bitcoin for a long time, it needs a strong belief and a calm mind. However, if you trust in Bitcoin, you won't doubt it to keep a long time.   

[htsy585]

What advice can you give those who buy Bitcoin at 19k in 2018? Because I still have friend who got in at that time, now he doesn't have the mind to sell and take his loss, what is the best advice to pass unto someone in this situation??

It's really quite a sad story for everyone that got in during bitcoim ATH of $19k and i must say your friend is really strong for being uptimistic since then. There is a general saying in this space and I've come to realize how much of a truth it is; "You only lose when you sell at a price lower than your entry price". So far, your friend is still in the game and I'll advice he keep holding as when thing is certain in this volatile market, the price will rise up ome day no matter how long it takes