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?
Sad to hear this but that is the nature of this market. I believe you buy those coins when you ought to sell. If you buy into a coins at the wrong time there is no way you will not lose money and investment is a serious skills ventures, you should not have put that type of huge amounts of money into coins market at that time that it is overbought. You should also learned how to cut lose early in other for it not to run the way it happened.
That’s a huge loss but were on the same boat, crypto is such a terrible investment but also has big rewards. Its not worth selling an asset that lost almost 90% of its value and almost worthless but as long as the project goes on and survive there’s always a chance for recovery when the market is in good shape.
Cryptocurrencies market is the same way as stocks and forex market. It entails a very high risk as well as a high rewards if it goes your way. I also believe that op can get his investments back during recovery. Remember that the future is highly bright and those that can be patience with the market are going to recover what they have lose in the past.
