Post
Topic
Board Speculation
Re: I bought at 19k, now what?
by
lumeire
on 02/05/2018, 11:01:45 UTC
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.