Quote from: bobrova on March 19, 2018, 10:42:18 AM

Quote from: Loveydovey04 on February 02, 2018, 11:03:40 AM

I have a friend who bought bitcoin during this peak season. When the bitcoin price was 18-20k USD. Now he is sad and disappointed seeing that the current price has dropped to 50% and more and he is afraid he is going to lose all. In short he lost his hope and faith in bitcoin already. Has anyone here did the same as he did? If you did invest in that amount what did you do to your bitcoin, did you sell it or still holding it?

I am sure that many people would have invested at those levels and it must be very hard situation for them. When I see just 5% drop or more in bitcoin holdings, I get worried sometimes. Someone loosing 50% in few months will certainly fee bad especially if he has invested a large amount. Another problem with such a huge crash is that the money gets stuck for lot of time. No sensible person will withdraw in loss and thus wait for it to recover to $20000. Since, that is going to take time, money is stuck for that time period.

That is why, it is always important to just invest the amount that we can afford to lose and never invest money more than that level because it will give a lot of stress to us and it will not make us feel comfortable over the time when the price is dumping or giving our portfolio a loss. So it is better to be safe than sorry so even bitcoin reaches $1,000 then it is not that bad for us.