In this situation, we can only keep and hope that the cryptocurrency market will ever recover. It is already the ninth month of this year, and the market is still at the bottom.
Topic: bought lots of coins before knowing what they do... what do i do now? (Read 411 times)
September 07, 2018, 04:40:16 PM
September 06, 2018, 04:19:12 PM
Hi all! when i just got into crypto, it was december and i was a noob.. i made the mistake of buying lots of coins as per my friend's recommendation and i put my entire life savings in.. as per my friends' recommendation too. it turns out he was a really bad friend and gave me all the wrong advice to watch me crash and burn.. now my profile is more red than ever. Since then, i have focused all my free time on trying to learn and share what i have learnt with the community. right now, i m pretty much stuck with a -80% portfolio.. What do i do??? =( while i have made progress in my knowledge in crpyto, my portfolio is set in stone.... and getting more and more red as the days go by
You need to be more careful when buying coins, good to know that you are educating yourself but now there really is nothing that you can do other than wait out the market like the rest of us. I'm sure that by now you must have figured out that if you want your money back then you are going to have to be willing to wait a couple of years for it to get better.
September 04, 2018, 04:41:28 AM
Its not actually a bad idea. But the bad thing you do is buy coins because your friend recommends it. First of all you should not buy coins with small amount knowlege on it. In your case you didnt do some research before investing. But mistakes are done so we should focus how to do the right things. You should not do panic selling, sell your coins if you can profit. Dont rush your decision and keep holding until you get profit. Dont lose hope and start to believe that there will be a bright future for your coins.
March 20, 2018, 03:18:47 AM
Hi all! when i just got into crypto, it was december and i was a noob.. i made the mistake of buying lots of coins as per my friend's recommendation and i put my entire life savings in.. as per my friends' recommendation too. it turns out he was a really bad friend and gave me all the wrong advice to watch me crash and burn.. now my profile is more red than ever. Since then, i have focused all my free time on trying to learn and share what i have learnt with the community. right now, i m pretty much stuck with a -80% portfolio.. What do i do??? =( while i have made progress in my knowledge in crpyto, my portfolio is set in stone.... and getting more and more red as the days go by
My advice is hold all your coins till the next pump at least. I think that total criptocurrency capitalization will be more than 1 trillion $ this year
Yah might as well continue hodling at this point, not a lot you can do especially in all red.
Better than losing your money altogether.
March 20, 2018, 03:15:38 AM
Hi all! when i just got into crypto, it was december and i was a noob.. i made the mistake of buying lots of coins as per my friend's recommendation and i put my entire life savings in.. as per my friends' recommendation too. it turns out he was a really bad friend and gave me all the wrong advice to watch me crash and burn.. now my profile is more red than ever. Since then, i have focused all my free time on trying to learn and share what i have learnt with the community. right now, i m pretty much stuck with a -80% portfolio.. What do i do??? =( while i have made progress in my knowledge in crpyto, my portfolio is set in stone.... and getting more and more red as the days go by
Now we need to wait for so many coins fell heavily in price. But for the future, you must learn to analyze the perspective of your investments independently, and not trust other people's recommendations.
February 27, 2018, 09:45:08 AM
It was when I saw people like you that I decided that I would never call for anyone into a cryptocurrency. Because now you shift responsibility for your money to your friend and remove it from yourself. Although, if not for him, you would still not know anything about the crypto currency. The market for cryptocurrency is unpredictable, and no one is to blame for the fact that your portfolio is now red. This situation is now almost everyone. But the market will still grow.
February 27, 2018, 09:44:03 AM
First, do not give in to panic! I see you're handling this.
You can swap your failed coins for more promising ones. In addition, do not forget to note that the last 2 months there was a deep correction, maybe some coins will show a good growth in the second half of the year. Keep that in mind.
You can swap your failed coins for more promising ones. In addition, do not forget to note that the last 2 months there was a deep correction, maybe some coins will show a good growth in the second half of the year. Keep that in mind.
February 27, 2018, 09:35:34 AM
I'm very sorry to hear what happened to you.
I think that your best option right now for you is to sell your bad coins and invest in coins with potential.
Also, you can start participating in bounty campaigns to earn some risk free coins.
I think that your best option right now for you is to sell your bad coins and invest in coins with potential.
Also, you can start participating in bounty campaigns to earn some risk free coins.
February 27, 2018, 09:11:51 AM
A negative 80% portfolio is seriously bad. I would hold and ignore these coins for now because i think it is too late to cut losses now. Since now you have a better knowledge in cryptocurrency, i hope that you would make a better progress and reduced your losses soon. Take this as an experience and make better trading in the near future.
February 27, 2018, 08:58:42 AM
Hi all! when i just got into crypto, it was december and i was a noob.. i made the mistake of buying lots of coins as per my friend's recommendation and i put my entire life savings in.. as per my friends' recommendation too. it turns out he was a really bad friend and gave me all the wrong advice to watch me crash and burn.. now my profile is more red than ever. Since then, i have focused all my free time on trying to learn and share what i have learnt with the community. right now, i m pretty much stuck with a -80% portfolio.. What do i do??? =( while i have made progress in my knowledge in crpyto, my portfolio is set in stone.... and getting more and more red as the days go by
My advice is hold all your coins till the next pump at least. I think that total criptocurrency capitalization will be more than 1 trillion $ this year
February 27, 2018, 08:55:07 AM
I think you should research your coins and get rid of total weak one, and hodl strong ones, and in future do more research before buying.
February 27, 2018, 08:41:04 AM
I was once rekt by these habit,after my portfolio lose a lot of money i immediately got recover from about 2months because i did research which coin could save my bleeding porfolio luckily after spending a lot of time of research i have found several coins that i have invested with,and immediately covered up my losses in just 2months.We have learned our lessons in a bad way ,you just need to be pick with your coin investments so wont lose a lot of money.
wow u are amazing! teach me senpai! what coins do u hold? its been three months for me and... =\ 
February 26, 2018, 05:44:10 PM
Hi all! when i just got into crypto, it was december and i was a noob.. i made the mistake of buying lots of coins as per my friend's recommendation and i put my entire life savings in.. as per my friends' recommendation too. it turns out he was a really bad friend and gave me all the wrong advice to watch me crash and burn.. now my profile is more red than ever. Since then, i have focused all my free time on trying to learn and share what i have learnt with the community. right now, i m pretty much stuck with a -80% portfolio.. What do i do??? =( while i have made progress in my knowledge in crpyto, my portfolio is set in stone.... and getting more and more red as the days go by
You made almost all the beginner's mistakes. You can not listen to anyone, you have to do your own research and invest only when you understand in what and why you do it. Now that you have some knowledge, you can choose undervalued coins and invest in them. And most importantly - if you can never sell less than buy. February 26, 2018, 05:42:37 PM
You should find out which of your coins are for long term,if you find none you should dump these shitcoins because they wont have any imporvements in the near future,focus in research so you wont be investing to these shitcoins,move on and find a better way so you could recover from the big losses that you have,nothing is impossible you just need to have perfect coin in a perfect time.
I think this advice is very simple, but nobody knows how to choose this coin. At least for an investor you need to have a good database and knowledge to navigate in one direction or another, regarding the quality of the project you choose. February 26, 2018, 05:24:17 PM
You should find out which of your coins are for long term,if you find none you should dump these shitcoins because they wont have any imporvements in the near future,focus in research so you wont be investing to these shitcoins,move on and find a better way so you could recover from the big losses that you have,nothing is impossible you just need to have perfect coin in a perfect time.
February 26, 2018, 05:04:36 PM
I was once rekt by these habit,after my portfolio lose a lot of money i immediately got recover from about 2months because i did research which coin could save my bleeding porfolio luckily after spending a lot of time of research i have found several coins that i have invested with,and immediately covered up my losses in just 2months.We have learned our lessons in a bad way ,you just need to be pick with your coin investments so wont lose a lot of money.
February 26, 2018, 04:54:33 PM
Well first of all, it's sad to hear what your friend did to you, that's a dick move. Probably a stupid move to put your life savings into something you don't understand but it's done now. As for your coins, you only actualize lose money when you sell your coins, as you still have the same amount of those coins that you bought initially. I would recommend learning to trade currencies. Take your worst performing coins, and trade them against better performing altcoins, over time you can make back the losses your incurred.
Or you can just invest a bit more in a few high risk, but high potential ICOs, they have the potential to multiple 1000 fold, and recoup all of your losses in one sweep.
Good luck.
Or you can just invest a bit more in a few high risk, but high potential ICOs, they have the potential to multiple 1000 fold, and recoup all of your losses in one sweep.
Good luck.
February 26, 2018, 04:53:00 PM
Do not get depressed understand, how a process of growth and that you had to go through it, in relation to following, somebody practically 90% of the inciantes follows some advice that once seems good, but over time it becomes bad, because when we are initiators we do not understand the flexibility and leave short-term coins for the long-term purpose. Living and learning, in the matter of coins only you can recognize the error or expect an increase in prices.
February 26, 2018, 04:51:39 PM
Hi all! when i just got into crypto, it was december and i was a noob.. i made the mistake of buying lots of coins as per my friend's recommendation and i put my entire life savings in.. as per my friends' recommendation too. it turns out he was a really bad friend and gave me all the wrong advice to watch me crash and burn.. now my profile is more red than ever. Since then, i have focused all my free time on trying to learn and share what i have learnt with the community. right now, i m pretty much stuck with a -80% portfolio.. What do i do??? =( while i have made progress in my knowledge in crpyto, my portfolio is set in stone.... and getting more and more red as the days go by
You shouldnt invest with the coins you arent really familiar of because the market has been flooded wth so much shitcoins out there that doesnt have any use,what you can do is to eliminate those shitcoins you got and find some good altcoins to invest so you can recover from your losses.I know you have learned your lessons and you wont invest again without proper knowledge. February 26, 2018, 04:51:00 PM
Hi all! when i just got into crypto, it was december and i was a noob.. i made the mistake of buying lots of coins as per my friend's recommendation and i put my entire life savings in.. as per my friends' recommendation too. it turns out he was a really bad friend and gave me all the wrong advice to watch me crash and burn.. now my profile is more red than ever. Since then, i have focused all my free time on trying to learn and share what i have learnt with the community. right now, i m pretty much stuck with a -80% portfolio.. What do i do??? =( while i have made progress in my knowledge in crpyto, my portfolio is set in stone.... and getting more and more red as the days go by
All you have to do is to be patient. Wait for it until the market bullrun because Bitcoin will rise and Altcoins will follow and while waiting you now review the chart history of those coin you have and do your own search on your coins you have. Always remember that do your own search on coin that you want to and always have a plan before trading so you will minimize your losses and will not panic sell if the market goes down. Goodluck.
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