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Author Topic: I was not wrong to bought bitcoin.  (Read 1429 times)
CaCO3 (OP)
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January 07, 2021, 07:18:51 AM
 #1

I bought Bitcoin a few days ago for12 thousand dollars.  At that time the price of one bitcoin was 28 thousand dollars.  At present, the price of Bitcoin is 37 thousand dollars.  Which is really good news for me.  I made a post after buying bitcoin to see if I made a mistake in buying bitcoin.  I was convinced that I had done nothing wrong and that it was now clear.
 Below is a link to my previous post:
https://bitcointalk.org/index.php?topic=5305436.msg55985225#msg55985225
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January 07, 2021, 11:46:43 AM
Merited by CryptopreneurBrainboss (2), Welsh (1)
 #2

OP, just know that at every buying point there's also a selling point. Though you bought slightly at a late time you're enjoying the dividends in price rise now. You took that risk and it paid off. You've to realize that there are people who will still buy at the peak of this bull run and suffer the dump. However, I don't see any Bitcoin dump happening any time soon within this first quarters of 2021 (even into the 2nd quarters). We may see corrections here and there from time to time but definitely price will continue to rally up after each correction. The trend is upward at the moment. 2017 should be a reliable place to look as history is always fond of repeating itself.

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January 07, 2021, 12:05:38 PM
 #3

That's a great news. I would say kudos to you OP for being brave enough to buy at that point. Congratulations for that decision and the profit that you have made because of it. If my math is right you have already made more than $3,000 in profit in just a few days. Hoping for a bigger one in the coming days.

Let this be an encouragement to the rest who withhold buying Bitcoin because they think the price is already too high for them. They waited and waited and waited until they will be forced to buy Bitcoin at a much higher price because the dip they have been waiting for did not come.
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January 07, 2021, 12:07:33 PM
 #4

Don't let that get to your head OP, remember that market is volatile and the price right now might be the peak of the run and we will again enter the dark ages of the market. Be careful, do not be greedy and assess the risk that is looming. Good job making that profit and again be careful, we can't know if this run will still be as strong as it started.

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January 07, 2021, 12:10:02 PM
 #5

I bought Bitcoin a few days ago for12 thousand dollars.  At that time the price of one bitcoin was 28 thousand dollars.  At present, the price of Bitcoin is 37 thousand dollars.  Which is really good news for me.  I made a post after buying bitcoin to see if I made a mistake in buying bitcoin.  I was convinced that I had done nothing wrong and that it was now clear.
 Below is a link to my previous post:
https://bitcointalk.org/index.php?topic=5305436.msg55985225#msg55985225

Never just look at the current situation but think long term.
Yes, you currently have earnings but the situation can change quickly and in a month you may be at a loss.
Such situations happen all the time and we have to be prepared for it.
It's true that it seems to me that the current growth of bitcoin is more stable than in 2017 due to a larger number of institutional investors, but that does not mean that a bigger price drop is not possible.
I advise you not to think from today to tomorrow but to have a long-term, multi-year investment plan and a point of exit from the market.

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January 07, 2021, 12:21:59 PM
 #6

I bought Bitcoin a few days ago for12 thousand dollars.  At that time the price of one bitcoin was 28 thousand dollars.  At present, the price of Bitcoin is 37 thousand dollars.  Which is really good news for me.  I made a post after buying bitcoin to see if I made a mistake in buying bitcoin.  I was convinced that I had done nothing wrong and that it was now clear.
 Below is a link to my previous post:
https://bitcointalk.org/index.php?topic=5305436.msg55985225#msg55985225
Then what next?
Are you still wanted to hold it or just let it go while the price is so sweet and profiting?

That really sounds like rejoicing, you are one of those people who are strongly believing that Bitcoin will even grow more. You'll the taking the risk decision but you are too lucky to say that you never miss such an opportunity. I have no such strong faith, as I was always remembering the past experience but what I saw you, it gives me some positivity. 

Only I can say is that you should be watchful on the market trend as anytime it falls.

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January 07, 2021, 12:31:16 PM
 #7

Now that you've already profited, you could take it out, and in the future you could take a more cautious route to prevent losing money if you so wish. For example, if you had earned 100 dollars, you could only reinvest 50 dollars, and wait until it comes up. If it never rises, you would have lost 50 dollars, but still profited 50 from the initial return. This isn't the most efficient trading method, but its a way of assuring you've always got a profit. You simply keep reducing the amounts until you are comfortable, and set a hard limit. Of course, that's assuming you want to play safe.
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January 07, 2021, 12:54:39 PM
 #8

Your mind is clear, if you catch it at the 12k level, which means: you already feel the real benefits of buying/investing Bitcoin, that's Bitcoin where many people talk about dubious things at the cheap price at that time, now you have proven the advantages of Bitcoin.

show the results to your friends and relatives of the results you do, I mean your friends and relatives who don't believe in Bitcoin / who underestimate it if anything, kidding.....🤑

I congratulate you on the benefits you get, I hope that money can be used in a good place.

R


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January 07, 2021, 01:15:58 PM
 #9

You have done a good decision for buying bitcoin with that amount of money even though you are a little bit late because $27000 is already a huge value, imagine if you have bought bitcoin when its price is not that high then you may gain more profit as of this days. Just set your standard on what value of bitcoin is already good for you to pull out your money, just be careful because bitcoin could still go down anytime.

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January 07, 2021, 01:17:22 PM
 #10

I congratulate you OP, despite being new in the bitcoin system still manage to do the right decision and that is all about buying bitcoin. This is very lucky of you to get into bitcoin investment. I myself is a failure for I bought bitcoin high and sell it low. It was really a poor decision making in my part ans I regret it that in this bull trend I was not able to get into it and instead watching only bitcoin market grows.
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January 07, 2021, 01:20:01 PM
 #11

OP, just know that at every buying point there's also a selling point. Though you bought slightly at a late time you're enjoying the dividends in price rise now. You took that risk and it paid off. You've to realize that there are people who will still buy at the peak of this bull run and suffer the dump. However, I don't see any Bitcoin dump happening any time soon within this first quarters of 2021 (even into the 2nd quarters). We may see corrections here and there from time to time but definitely price will continue to rally up after each correction. The trend is upward at the moment. 2017 should be a reliable place to look as history is always fond of repeating itself.

I agree.

I've been monitoring the price chart of Bitcoin since it passed at $20,000 (it's old All Time High) and the trend looks really a solid uptrend. Some people says it would stop at $40,000 and will going to have a deep correction but the possibility of that happening is lower than 40% based on my technical analysis. Anyways, price prediction is really hard that's why all we have to do is to wait and see if our predictions are right or wrong.

P.S: Don't forget to press Take Profit
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January 07, 2021, 01:26:12 PM
 #12

I bought Bitcoin a few days ago for12 thousand dollars.  At that time the price of one bitcoin was 28 thousand dollars.  At present, the price of Bitcoin is 37 thousand dollars.  Which is really good news for me.  I made a post after buying bitcoin to see if I made a mistake in buying bitcoin.  I was convinced that I had done nothing wrong and that it was now clear.
 Below is a link to my previous post:
https://bitcointalk.org/index.php?topic=5305436.msg55985225#msg55985225
as long as you know what you are doing then you've done nothing wrong but I would still suggest being cautious regarding the price. bitcoin's price is very volatile and can change dramatically in just a couple of hours or days. a lot of people have suffered consequence(profit loss) when being too confident about the current bullish trend. but I'm glad that you are doing great and getting profit.

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January 07, 2021, 01:41:55 PM
 #13

Wonderful mate you proved risk is equal to reward and I appreciate your brave move to buy at this price you are lucky enough as you bought in bull trend but this is not the right decision in my opinion because buy low & sell high is the strategy of market.

Some times brave decisions will make you more stronger and you deserve this profit and more to go wait until the market turns red, there are more possibilities of reaching 40k now so plan accordingly.









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January 07, 2021, 01:54:49 PM
Last edit: January 07, 2021, 03:59:43 PM by finaleshot2016
 #14

Very brave and wise, commended. Some of the people thought it's too late to invest since it's too late and might dump soon but look what happened right now, tripled the profit. Bitcoin halving is the sign for the bull run this year, and many of us knew that this year is the time to bought bitcoin. Congratulations to all who risk even they're late, you deserve the outcome.

Just be don't be greedy, if you already get profit, then it should be enough.
Marvelman
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January 07, 2021, 02:18:32 PM
 #15

I bought Bitcoin a few days ago for12 thousand dollars.  At that time the price of one bitcoin was 28 thousand dollars.  At present, the price of Bitcoin is 37 thousand dollars.  Which is really good news for me.

You made a very good decision and I admire your courage. I hope you make a good profit with your investment.

Your mind is clear, if you catch it at the 12k level, which means: you already feel the real benefits of buying/investing Bitcoin, that's Bitcoin where many people talk about dubious things at the cheap price at that time, now you have proven the advantages of Bitcoin.

I don't think he invested at 12k level but $12k worth at 28k level, if I understood correctly. But in any case, he is currently making a great return on his investment. Over $4k profit in just ten days is impressive.


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January 07, 2021, 02:23:57 PM
 #16

Congratulations to you OP! Enjoy the price while it lasts and always remember that the price won't be behaving like that every time you invest. It will not always make a positive move every time you invest. You had a great timing putting your money into bitcoin, don't waste that and keep on learning from reading posts here and also as you  go.

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January 07, 2021, 02:25:24 PM
 #17

If people paid me commission for Bitcoin consultation, then I would have been a millionaire already... because a shiteload of my friends made a lot of money from my advice. When we were at $12 000 a while ago, I convinced some of my friends to jump in and to buy some coins...they did and they are VERY happy now..

Will I tell them to jump in now?.... Nope, that would be one hell of a risk to get in at a possible ATH that might stand for years. (Like it did with the people who bought in at 2017)

I might be wrong and this might go to $50k or even $100k... but will I risk my reputation on that... nope.  Tongue

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January 07, 2021, 02:28:49 PM
 #18

Congratulations to you and it only proves that brave people could gain a good profit when it comes to Bitcoin investment. It was really risky but as long as you trust the capability of Bitcoin, you'll surely earn something. Let's all hope that Bitcoin could reach more than $40k these coming days. BTC movement is unpredictable and it's making things more exciting.
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January 07, 2021, 02:35:27 PM
 #19

Trading is always sweet and enjoyable when you are on the side of profit, If reverse was the case you might blame yourself and everyone who advised you at that point in time. But it is all good, next time  re-evaluate the time to buy so you don't put yourself under unnecessary pressure. Huge dumps is not expected currently, but trading always with caution is the best form of trading and marketing. Congratulations on your earned bucks.

If people paid me commission for Bitcoin consultation, then I would have been a millionaire already...
Grin Grin
No amount of money can actually substitute the joy when your close homies are feeling happy and you know withing yourself you are the source of the happiness. Continue giving them the good signals when you spot them.

R


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January 07, 2021, 02:45:34 PM
 #20

I bought Bitcoin a few days ago for12 thousand dollars.  At that time the price of one bitcoin was 28 thousand dollars.  At present, the price of Bitcoin is 37 thousand dollars.  Which is really good news for me.  I made a post after buying bitcoin to see if I made a mistake in buying bitcoin.  I was convinced that I had done nothing wrong and that it was now clear.
 Below is a link to my previous post:
https://bitcointalk.org/index.php?topic=5305436.msg55985225#msg55985225

Since you've gained enough profit for a good exit, I think it is preferable to go focus on analyzing the current market and think of when would you like to exit. As of now, the trendline of Bitcoin is unstoppable and you might gather some analysis as well form various traders out there. In fact, it's up to your risk management on how much you can handle frustration after you either sell early or sell late. It's a good choice that you've manage to buy at that price and earned huge just by holding it, but it is also your choice when to stop. Yes you are right at the first place, but you might not soon, hence everything is up to your risk appetite.
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