55K loss, how to get back into the game - page 2.

edisystem

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Jesus, what coin you invested? It would be hard to be honest to make a recovery only by 5k, it will takes years i think.

Do you have funds left? If yes, you can invest it and buy bitcoin cash or Ethereum. Buy at low price and sell at high price, repeat.

fourpiece

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Dont lose hope, just hodl and wait till your investment comes back. If i were on your situation i dont what will i do, but you your still calm and strong. I hope you will get your investment this 2019 buddy

HatakeKakashi

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The only way for you to earn again if you invest again your money and hold the coin that you left in my country losing 55k dollars is a big amount it cause like million dollars value and I think it will possible for you to recover it again if you are going to wait again. You can invest again if you really want because market now is low so you can avail affordable coin because the value is very low now.

holden.commodore

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I've invested 20k and now I am left with 5k, that means I need my portfolio goes 300% to recover the capital invested... but 300% is not an absurd number for crypto market.
In your case you need your portfolio to go more than 1000%, rather tough. I think bitcoin price going to 40k usd should be your hope.

keyscore44

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Quote from: SinLinJim on March 16, 2019, 04:11:17 PM

Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

If this is true, then I hope that you have not sold coins and $ 5000 is not the amount with which you left the market. No matter what your coins are worth, one day they can easily return their high price

If someone handle such a long period of price drops, I am sure he is still holding the coins. It seems that the trend is changing and the market sentiment is improving, so everything telling me that soon prices will start to rise and losses will be recovered.

SinLinJim

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

If this is true, then I hope that you have not sold coins and $ 5000 is not the amount with which you left the market. No matter what your coins are worth, one day they can easily return their high price

stadus

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Huge price fall down but it's not going to be a mistake if you are still holding it now.
Not only you who experience that, many of us but some chooses to hold because they trust the market, and they believe it will recover.
You should anticipate it could happen, it's really risky when thing are very unpredictable here.

I suggest you to relax and calm down, market looks good recently.

HichemFetoui

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everybody lost money in 2018 the main asset and gain after this crash is the well needed experience we have all learned the taught way how this market works good luck in your future decision

Leah38

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That's such a big a big amount! You should have sold assets when you saw downtrend is continuous. Hopefully btc value recovers this year. I too lost a few hundred dollars worth of altcoins because of the sudden drop of the crypto market but I'm still positive it will recover.

marks1976

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Quote from: AjithBtc on March 15, 2019, 08:21:26 AM

Quote from: maxreish on March 15, 2019, 08:12:09 AM

What a huge loss. That's life, you don't have to rush things to get back what your losses. If you will just use that $5k in a smart way like investing in some potential coins, buy dump coins and do a long term trading, you can at least regain slowly your fund. I guess you never controlled your emotions, greed ate your whole being and did not set stop loss.

Loss is big, he could have reacted earlier. If he has taken some initiation earlier big loss could have been avoided. From my understanding he has gone for an investment without proper analysis about the project or the asset. Next thing after making an investment he has gone for targeted profiting which has lead him hold even when the market sliding continues and the same has caused the big loss.

It's not about his analysis but in fact he was joining in the wrong time. he was saying that he bought crypto when it has touched the peak price and remember the only best time to buy crypto when it gets bearish trend and that's it.

Cekalt

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I am curious what coins it was just you invested in? Was it bitcoin or other alts?

Windly

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55k wow I guess that was about 2.5 btc when bitcoin hit 20k. Don't worry in the future bitcoin is going to be worth 55k alone so hodl!

Arkham Knight

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

I wonder what coins you invested at that time because if those are shitcoins then that is only the time I consider you already loss. That's a huge amount and I hope you already recover your sleeping cycles because that's a hard recovery for anyone. I'm really curious if most of them are from ICOs or altcoins you bought from exchanges because if you added those details then we can recommend you something better.

miningguru

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I think you need to hold them until again bull market starts, the only thing you need to check is whether you have invested in potential coin which has active developments will easily help to reach your previous earnings. But if you have invested in no real value coin will easily lead to zero value because there won't be any active developments from the team.

LetsHodl

newbie

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Just hold you coins and wait for the next bull run, if its bitcoin you are holding then you will make profit in the years to come.

Johnzky

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

You know what you’ve done wrong?that is investing in crypto without learning what market is all about

Crypto investing is most risky because of the volatility and decentralized so it means you must know this first

Never forget that as long as you are holding the volume of coins and tokens meanjng you are not losing anything because when the price bounced back you astill have a chance to gain or profit

AjithBtc

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Quote from: maxreish on March 15, 2019, 08:12:09 AM

What a huge loss. That's life, you don't have to rush things to get back what your losses. If you will just use that $5k in a smart way like investing in some potential coins, buy dump coins and do a long term trading, you can at least regain slowly your fund. I guess you never controlled your emotions, greed ate your whole being and did not set stop loss.

Loss is big, he could have reacted earlier. If he has taken some initiation earlier big loss could have been avoided. From my understanding he has gone for an investment without proper analysis about the project or the asset. Next thing after making an investment he has gone for targeted profiting which has lead him hold even when the market sliding continues and the same has caused the big loss.

maxreish

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Activity: 1330

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What a huge loss. That's life, you don't have to rush things to get back what your losses. If you will just use that $5k in a smart way like investing in some potential coins, buy dump coins and do a long term trading, you can at least regain slowly your fund. I guess you never controlled your emotions, greed ate your whole being and did not set stop loss.

Ailmand

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

If you haven't sold anything that you have bought you haven't lost anything yet. I think you have bought cryptocurrency last bull-market, that's why you had a big loss. That's why some investors tell people not to invest in crypto out of fear of missing-out. The hype on crypto was too high last bull-market and market corrections are normal to happen after that.

btc_angela

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Quote from: voipnet on December 23, 2018, 08:05:44 PM

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Don't do anything stupid for now. Don't trade and buy coins anymore. You might have been caught in the hype during the 2017 bubble and I'm sure you didn't dump right away because you believed that the market will bounce back in 2018. Anyways, take it easy now. Just leave the $5K for now and see how 2019 will goes, just hope that this is a complete opposite so that you can recoup even half of it.

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