Quote from: lumeire on May 02, 2018, 11:01:45 AM

Quote from: dharnamonitor on May 02, 2018, 08:57:24 AM

Quote from: cmacwiz on April 30, 2018, 06:15:38 PM

Quote from: kcsunshine on February 06, 2018, 05:19:04 AM

I bought 3 btc on credit for 19k about. What should I do? I am way underwater.

all you need to do is wait for the increase in price of bitcoin for about 3 to 4 months and bitcoin price will be back to $19k+ per bitcoin, so you shouldn't worry about the deceased bitcoin price, it already always happen in a market that for every seller there is a buyer.

That's why it is a good thing to avoid buying when the price is at its all time high or at its peak. I wonder what's on those people's mind when they buy bitcoins even if the price was an ath but you're right eventually it will recover and op will have an opportunity to sell.

Well in reality, it's really hard to fight emotions and greed because you'll never know when it is a good opportunity. We all say be logical but sometimes I also do make bad trades. It's a matter of experience I guess.

@ontopic, you've actually got no choice but to hold, unless you're ready to take on the losses.

Making stop-loss is not that logical at this tage for a person who bought his bitcoin at $19k price. He better hold it in long run so he will be able to recover that huge loss as the market goes up. This is not that hard, only bad side is that he can't use that funds in somewhere else. It will be like locked in bitcoin buy positions.