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Author Topic: Is everyone that got in late last year in the red now ? How bad is it ?  (Read 539 times)
Findingnemo
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May 17, 2022, 04:07:55 PM
 #41

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
Technically yes, people who bought bitcoin at its ATH will be in loss now but this isn't the end the good days will come probably in a year or two they also can able to double their profits if they aren't scared of HODLing the Bitcoin. Good things will come only after the rough patch so no worries and be calm while HODL.

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May 17, 2022, 07:32:19 PM
 #42

But did you sell some of your Bitcoin last bullrun or you prefer to keep holding?

I sold everything into PAX Gold a few days ago. I've looked into this prior to that, and most good investors outside of crypto ( people moving millions of dollars a year ) rely on "stop losses" targets. That means there hast to be a limit to how much you are willing to lose. For me the limit was somewhere between 2 and 3 times my initial investment in 2020, so when it hit that target, I was out. No regrets now, I can always get back in when the market is much lower, which it looks like it it where things are heading now. If I time the bottom correctly, I can easily make another 3X on my money.
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May 17, 2022, 09:59:09 PM
 #43

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
Maybe I am one of those who also bought some altcoins in the middle to end of last year and now all of those coins are on red. But, it is still common red, not as crashed as LUNA. But no problem at all because I only bought a few coins and hold them for the next bull run. Hopefully, I still have the chance to wait for the next bullrun.
Some coins that I bought when it was at high and now red so much are BNB, TKO, and also ADA.
Oh, sadly, I have some Doge  Grin Grin
I think that I must evaluate and rearrange again my crypto investment to focus on BTC only from now to the next bullrun

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May 17, 2022, 10:23:21 PM
 #44

I don't think I'm the only person here who sees that the board says Bitcoin discussion but disappointed that almost everyone is discussing altcoins portfolio and shitcoins that are supposed to be in altcoin discussion, sigh!
I was have never have the opportunity of holding bitcoin in large quantity but when I do, I wouldn't care about its price, whether I am green or red, the goal is to hold and when the time is reached, I will open the wallet and be proud of myself to be a bitcoin diamond holder. At OP, keep holding, it always bounces back and you know the candles are always too big to crush any weak hands.

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May 18, 2022, 05:46:18 AM
 #45

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
Technically yes, people who bought bitcoin at its ATH will be in loss now but this isn't the end the good days will come probably in a year or two they also can able to double their profits if they aren't scared of HODLing the Bitcoin. Good things will come only after the rough patch so no worries and be calm while HODL.
If they can hold their coins then without a doubt they can make some money during the next bull run, however taking into account that most people invested in bitcoin at that price thinking on getting some fast profits then it is difficult to believe they are going to be able to hold their coins for so long when that was not their intention, most likely at some point those people will panic and sell their coins, if they have not done so already.

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May 18, 2022, 07:24:32 PM
 #46

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
Depends on when we are talking about, there are people who got in at around late October and early November and those people are actually quite difficult to recover positions right now, it is not that easy to get back from there but also if they wait, or buy some from here as well, that means their recovery will happen one way or another.

For example, if you bought at 65k, then if you spend the same amount of money today at 30-31k range, then you can drop the price to 45-47k range as well .This is what we believe in, and DCA was created out of this mindset. I personally believe that many people should do it like that, it is just a better method compared to most others.

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May 18, 2022, 10:31:55 PM
 #47

Those who made the purchase late last year are at a loss of course. They must be around 50% below their entry price. But this should not be registered as a loss because this is only paper loss. And the decision will be theirs. If they think this is now the time to let go of their Bitcoin then they are deciding to take the loss permanently. But if they are deciding to hodl and keep their Bitcoin despite the bear market, not only will they not incur permanent loss they will also make some gain later on. Needless to say, the latter is the better choice.
Losing is part of investing, but if we can learn to avoid and incur losses, that will be much safer. I can sense that those who bought coins at their peak price are surely in loss right now, but if they did not end up panic selling and chose to hold, then there's no losses anyway. So not everyone are at loss right now, some have learned to get along with the market, and some may developed fear and end up panic selling before all their coins ran out of value.

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May 18, 2022, 10:42:22 PM
 #48

We all see that the market is down now and all coins are down, from the way I see the current prices of coins, i believe most of the people that got in late last year are in lost but i don't think they should panic, we all know that market is all about up and down so just hold your coin and wait for the bounce back, the set of people that do make money in crypto are the people who can hold. If you are a newbie just hold any coin you are having and don't sell they will definitely bounce back.
Have been holding bitcoin for years now without selling, since the market is down am still accumulating more bitcoin that I will be holding for years.

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May 19, 2022, 12:40:38 AM
 #49

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.

For sure, it will be really bad that they might have sold already when the price hits mid $30k. And now that the price goes below $30k, maybe they think that they are lucky getting out because at least they have cut their losses.

Nevertheless, as you have experience, it will take years to be able to win big in this game. Yeah, maybe 2 years should be the bare minimum. So this is the right time to invest again and wait till 2024-2025 bull run.

R


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May 19, 2022, 02:51:12 AM
 #50

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
If you can handle your investments well despite of the unpredictable market conditions, then there's no reason to stay in red. Although losses are inevitable in crypto, but you can also maximize your profits if you do invest with caution, and of course investing in potential coins like bitcoin.

It is true that crypto market is highly volatile and extremely un-predictable but still we can manage to make profit in this market by using Technical Indicators and risk/money management tools like trailing stop loss. Nowadays it is buyers market and giving huge opportunity to long term investors to build their portfolio at very good price  by taking entry on every dip that drops Bitcoin to the extent of 10-15% and wait for return of Bull run to book good profit.









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May 19, 2022, 03:35:31 AM
 #51

But did you sell some of your Bitcoin last bullrun or you prefer to keep holding?

I sold everything into PAX Gold a few days ago. I've looked into this prior to that, and most good investors outside of crypto ( people moving millions of dollars a year ) rely on "stop losses" targets. That means there hast to be a limit to how much you are willing to lose. For me the limit was somewhere between 2 and 3 times my initial investment in 2020, so when it hit that target, I was out. No regrets now, I can always get back in when the market is much lower, which it looks like it it where things are heading now. If I time the bottom correctly, I can easily make another 3X on my money.
Having a stop loss can prevent ourselves to further losses and thats a wise thing to do. Even I sell at an early stage I dont have regrets because regardless of how much I gain from selling, the point is I profit and thats what matter. Just like what you have said we can still buy back once the market is in bearish. Just like now majority of coins are moving downward hence its an opportunity to fill our bags. Nevertheless, holding is still a profitable way to certainly gain from our investment but this depends on the coins that we're going to hold.

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May 19, 2022, 06:18:31 AM
 #52

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
are you talking to me? lol coz i am .

But there is no effect at all because I can manage to keep Holding for another couple of years .

even if there is a need for emergency finances ? i manage to deny the needs instead keeping my coins for that same period.
I may sell when there is a truly badly for need but as long as i can make more action ? then my coins will maintain its position in my wallet.

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May 19, 2022, 08:50:05 AM
 #53

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
Technically yes, people who bought bitcoin at its ATH will be in loss now but this isn't the end the good days will come probably in a year or two they also can able to double their profits if they aren't scared of HODLing the Bitcoin. Good things will come only after the rough patch so no worries and be calm while HODL.
If they can hold their coins then without a doubt they can make some money during the next bull run, however taking into account that most people invested in bitcoin at that price thinking on getting some fast profits then it is difficult to believe they are going to be able to hold their coins for so long when that was not their intention, most likely at some point those people will panic and sell their coins, if they have not done so already.
They do not need to make a lot of profit, they do not need to hold it for a long time. All we needed was people who would take it higher, and people who bought it at a lower price ended up taking it to a higher price and did their work we needed from them. I bought some as well but not a lot. So, now that it is already a bit higher, that means we are going to survive, and that means we can at least say that we went higher, and convince other people to participate now.

The hardest part is to convince people to buy when it's crashing, after it stops crashing and starts to recover, it's easier to find people who wouldn't mind buying more.

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May 19, 2022, 10:25:37 PM
 #54

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
Well, for those who have bought their coins at a higher value, they must be losing right now if they decide to sell their coins at a bear market. However, some have managed to buy their coins before bull run, so they were'nt in red at all. As long as they will never sell at loss, and stay hodling them, losses will never be visible even at the times of bear market.

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May 19, 2022, 10:34:20 PM
 #55

You'll not lose until you sell.
That's the major rule in holding and this applies to bitcoin and other top altcoins. But if you're holding an altcoin and you're in total loss and your investment to that project seems to have no projection anymore, you better not hope that there's still something big to come as you hold it. I'm talking about the coins like Luna and UST. Holding it until now won't help you and do not hope for its comeback. But if it's bitcoin, ethereum, and other top reputable coins, there's hope.



 

 

 

 

 

 


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May 19, 2022, 10:36:46 PM
 #56

just like you , i entered at the end of the year and haven't had time i didn't even think things would be this bad ,
but never mind i try to forget about crypto assets and try to work in the real world to make a living
I consider crypto a treasure and maybe it will bear sweet fruit in the future

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Ale88
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May 20, 2022, 02:30:17 AM
 #57

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
They're in the red only if they sell, otherwise 1 BTC = 1 BTC last year just like today. Bitcoin is also about patience, if people got into bitcoin at $50k-$60k thinking it would moon it's their problem, that's the first mistake. And if they sell now it's the second, a pretty big mistake actually.

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Jemzx00
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May 20, 2022, 04:50:09 AM
 #58

~snip~
They're in the red only if they sell, otherwise 1 BTC = 1 BTC last year just like today. Bitcoin is also about patience, if people got into bitcoin at $50k-$60k thinking it would moon it's their problem, that's the first mistake. And if they sell now it's the second, a pretty big mistake actually.
Most of the long term holders that entered their investment within the past year are currently on the red right now. However, this does not mean that have already lose income since they are still holding on thier coins. Just as most of the replies here, they will only lose funds if they'll sell their coins during this bullish season.
But still even without selling your coins, we have a " potential loss" as the price of our assets is down compared to how much we have bought it. Anyways, these kind of bearish season is normal to crypto.

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May 21, 2022, 06:58:49 PM
 #59

I'm still in the green...more than double my initial investment. But then I got in nearly 2 years ago.
are you talking to me? lol coz i am .

But there is no effect at all because I can manage to keep Holding for another couple of years .

even if there is a need for emergency finances ? i manage to deny the needs instead keeping my coins for that same period.
I may sell when there is a truly badly for need but as long as i can make more action ? then my coins will maintain its position in my wallet.
I am in the same boat. I made my biggest investment ever in 2020 when things went high. I believed that when in march 2020 the prices dropped because of pandemic, and it reached under 4k, it was a great time to get in because I believed that it would be 10k, I didn't even assumed it would be 60k+.

So at the end of the day, I got in at around 6-7k levels, and right now I am in a big profit situation and I can hold it for a long time. Sure many of us lost money right now from the peaks, but I do not care about that, as long as I am capable of living, which I am having trouble with these days, then I am trying my best to not cash out my crypto at all.

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May 21, 2022, 07:49:05 PM
 #60

I’m yet to calculate whether I’m doing right or wrong with my investment because I have those multiple entry and exit trades and accumulated the bitcoins over the time. Though it’s not much, but investment is around 4-5k USD, more or less it’s accumulation from my part time job savings, little trades, and now these days getting bucks from signature campaigns. So every time I have invested it’s different price range. Not sure if I’m entirely in green or not but since I’m gonna hold it for long terms I believe it’s less worrying right now.
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