Topic: Any tips or suggestions for those who lost many coins? (Read 417 times)
I think now is the best time to buy
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
i lose also like 0.9 btc in nano or xrb when they run a faucet this january to august 2017 but i'm only newbie in that time so i still try crypto and now i'm proud that i already earn a lot of money here so there always a chance i start here in forum to read different ideas from other users like when i invest in aion when they run a campaign here because i listen to their plan but still no assurance in that so better to prepare yourself always Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
If you lost so many coins when the price went down and you panic sold then the only thing you can do is to learn from your mistakes and not let emotions dictate your investment strategies from now on.
I don't think Hodl should be your strategy. Buy low sell high this is what you have to do and if you bought at ATH I don't think HODL is the best option. Cut the loses fastest you can and search for a good entry point when in the bear market. This is just not logical to watch how your money is gone day by day. I would not call it panic sell at all only cutting loses. For sure you don't want to wait with selling for ATL only sell when you are at the start of a bear market. I know this is hard to pinpoint but we had a lot signs that this crash will come. Even Bitcoin chart matches exactly the chart of big known bubbles.
First off, what caused them to lose their profit? Panic selling. So, how do you fix this problem? Simply DON'T PANIC SELL. This is an investment. Don't expect the charts to go up and up forever, that's just stupid. Take in to consideration the risks of investing in a volatile market. Like it or not, the prices can crash down to 3 digits whether we like it or not. Don't be like those idiots that put all their live savings on crypto.
Yes I agree, because some investors expect only the positive sides of their coins that they invest, they count numbers of days or months and their profits, but when time comes that value of the coins they invested will drop down and their money left was not anymore the expected amount , automatic they start to worry and afraid to loss almost everything in their investment, for that don't invest big amount of money, invest only the amount of money that you can afford to risk or loss anytime, because this is just like business.
The only Suggestions for those who lost many coins is patience and hold your coin . because if you buy your coin in high price then its always risky well some new people come to market but they dont know properly about crypto market they just buy a coin when the price is moon and when price drops they sale at a loss . its a normal scenario i hope before we invest any coin at first make a proper research and then buy dont follow anyone.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
those weak hands should leave bitcoin talk at all.i have no sympathy to those panic seller that after what they did,is crying almost for death because of their own negligence,they dont belong here,they dont need tips instead they need to go for other part of life in which they dont have to panic when losing so no bitterness after. Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
First thing that I would like to suggest is invest what they only afford to lose. This is why they are in panic and now in depression because they didn't invested what they afford to lose. Next, don't expect too much and don't be too greedy. The reason why they haven't cashed out earlier is that they are too greedy and is hopeful that bitcoin will skyrocket and will never get empty of fuel.
Yes it is important that we should only invest such amount of money in bitcoin that we can afford to lose, some time people says that they will sell their house for purchasing bitcoin, but to me i think that it is not a good idea, we should not take such a big risk but should only invest such amount that we can afford and which do not create financial crises for us.
I also lost a lot of money because of this ridiculous panic. But now you just have to wait and buy something new
There are many people who lost their money on Bitcoin and decided to sell it. They later regreted it. Look at the Bitcoin price chart, corrections are something normal. This correction lasts quite a long time probably because of many news and FUD which is unnecessary. Bitcoin future is definitely bright. Lightning Network and SegWit will help us to make Bitcoin more wide known thanks to its capabilities. Transaction fees are really low, even lower than most of the altcoins' fees. My advice is that you should remain calm no matter what happens.
always use stop-loss, never get a coin already pumped enough, watch market closely and enter if you see dip or near dip, never panic-sell, dont get a coin just someone else says its good always DYOR, read a few books that helps you to undersrand trading and work on TA .. always keep %50 BTC %50 alts, even %60 BTC %40 alts ..
if you are able to scalp and make profits of 3-4% gains during the day from rise and falls of coins thats would be the best thing to cut your costs and decrease the loss.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
The first thing that an investor must do is to accept the fact that this industry is full of risks, scams and thieves that can make them lose all their investments if they somehow get to do something wrong. And accepting this fact would be easier if a person really does invest funds that he can afford to throw away or lose completely. This will enable someone to take more risks and be able to have greater rewards without ruining their lives when everything goes down in this industry.
First thing that I would like to suggest is invest what they only afford to lose. This is why they are in panic and now in depression because they didn't invested what they afford to lose. Next, don't expect too much and don't be too greedy. The reason why they haven't cashed out earlier is that they are too greedy and is hopeful that bitcoin will skyrocket and will never get empty of fuel.
Yes it is important that we should only invest such amount of money in bitcoin that we can afford to lose, some time people says that they will sell their house for purchasing bitcoin, but to me i think that it is not a good idea, we should not take such a big risk but should only invest such amount that we can afford and which do not create financial crises for us.
First thing that I would like to suggest is invest what they only afford to lose. This is why they are in panic and now in depression because they didn't invested what they afford to lose. Next, don't expect too much and don't be too greedy. The reason why they haven't cashed out earlier is that they are too greedy and is hopeful that bitcoin will skyrocket and will never get empty of fuel.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
Emotional problem, thats the hardest part when you invest into something, the ability to make decision. Most of them are thinking about "easy money" and just riding the hype. Investment is suppose to be profitable and I have my own rule with my investment " never sell to cut losses during a dip instead by more and sell if I hit my target mark." I dont care If I lose everything if it happens that Bitcoin will totally crash (I know its far from happening) since I am emotionally ready and I investment what I can afford to lose. Just sharing how I handle my btc.
I heard that during that last dip of bitcoin ( 7k$ ) and other alts, many bitcoin investor lost so much because of panic selling thinking that they should cut their losses. Some wants to start over again with the money they got but I heard that some became really depressed and are now emotionally unstable. ( Not all ).
Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
For those people who already lost a lot of money as well as coins, do not give up. There is always another chance to try again and give your best in order to be successful. Do not lose hope. Those people who strive hard and give their all are more likely to be more successful in the future.Any suggestion/good tips for them? Also, what we should do to handle these kinds of situations?
I am not currently an investor but I am looking to put some amount for bitcoin and hold it.
We must understand that any loss is not the actual loss unless we take it, so if my portfolio is showing 30% loss then it doesn't mean that it is my realized loss. I strongly support research based investments irrespective of the market situation so if you are having your research to back your investment decision then there is no need to worry. If someone has liquidated his investment, then I would recommend him to do research before getting into next investment and sticking with the strategies even in the worst market situation. I am assuming that the person is going to take calculated risk while taking such decisions.
If you haven't sold your coins out of fear then you did not lose any coins really, you just need to hold and be patient like the rest of us, but if you have sold, make better choices next time.
For those who did not sell, they didnt lost any coins at all. But for those who sold during the dip, they lost their coins at they same time lost part of their investment basing on capital or how much they invested initially. The only way to go about fluctuations like these is hodl. If you atill have extra money during the dip then buy some more to averqge down the buy in for your initial investment. Selling is a no no especially if you're losing.
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