Ninjastic
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Re: I bought at 19k, now what?
by
nidacoinlove
on 27/02/2018, 17:54:44 UTC
Quote from: helen28 on February 27, 2018, 05:26:03 PM
Quote from: arseaboy on February 27, 2018, 05:11:16 PM
Quote from: greenclub09 on February 27, 2018, 04:48:16 PM
i think when you have already bought btc at 19k$ then at this moment the price of bitcoin would be too low now for you to sell, then i suggest you should leave them and start buying some new bitcoin, begin trading with your new bitcoin with your own money, believe me, bitcoin will surely rise more than 19k$ in the future.
Never sell at your loss, this is my personal experience as a trader I always panic after seeing the value begin to fall and with this attitude I always find myself losing my investment, better to keep holding as time passed by and the market will start to rise back again, maybe it will be a long time holding because of the current value of bitcoin but for sure it will jumped back and make another height, try to do what the previous reply above me just said,
buy another bitcoin and try to work with trading while holding those that you bought @ 19k$ price.
You are right, because if he would sell what he bought at $19k then he just like commit suicide, so just wait for the right time to sell again, and if possible you can still buy now that the price is still low so that would balance your losses and can still gain when you really want to and if you are still interested right.
I don't think he is in a position to buy more because his already purchased bitcoins have come from a credited amount. This is a blunder that people do usually, knowing that the bitcoin price is too uncertain and still they buy with the borrowed money. It is just an economic suicide and nothing else.
People usually miss an extremely important element which is risk mitigation while jumping into business. It would have been much better to distribute your investment into few potential cryptocurrencies instead of following only a single Bitcoin investment. During this should time since Bitcoin faced the dip we saw some great rallies made by the alts. Even now you have the chance to not only wait for the bitcoin price to recover but to invest in the potential alts, this is how your chances to drift out of a financial crash can be reduced a lot.