Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Economics
Re: Those who have invested in bitcoin when it was 18k-20k$
by
Hell-raiser
on 28/03/2018, 09:55:13 UTC
Quote from: Edraket31 on March 27, 2018, 05:24:43 PM
Quote from: Hell-raiser on March 27, 2018, 05:06:58 PM
Quote from: Jingjess on March 27, 2018, 11:42:08 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?

Those people who invested in $18k-$20k are having a hard time in waiting for the price to increase since bitcoin price now is getting lower and lower,if they don't want to lost with their investment then they should keep their bitcoin patiently and wait for the price to reach $20k and above.

They may have to wait till the Second Coming now. To make things straight from the start, this is not what I want in the least. I want the prices to rise as high as possible and as reliably as a Swiss watch. However, I simply don't see why they should rise now or in the future unless Bitcoin gets mass adoption. But I don't see any plausible signs of the latter either. And with prices constantly spiraling down, there is little hope if things are going to change for the better in the foreseeable future. Whenever there will be an upsurge, however big and intense, people will sell out instantly and then run away for good.
They don't have to worry things as this last quarter of this year is the big revenge for sure that their hard earned money will grow again, so there is nothing to worry about it, I also buy bitcoin just a  little in the amount of $16k but that does not discourage me, so what I am doing now is to buy more to offset the amount I lost.

Not a very wise idea if you ask me. Acting on impulse is not a good idea anywhere, but it can be really dangerous in trading and investing. Averaging down is a lame thing in general unless you know exactly what you are doing. But if you knew, you wouldn't at first buy at a high price at all. If anything, it makes sense to sell some of your stash and then buy back when the price goes gown further, thus bailing yourself out of the predicament you got into. Otherwise, you are only going deeper into trouble, especially if prices continue to plummet all over again.