Topic: bought lots of coins before knowing what they do... what do i do now? - page 2. (Read 411 times)
February 26, 2018, 04:41:09 PM
What you can do is to conduct a lot of research with the coins you have bought,find which coin would have some potentials to grow if none you can wait for these coins to be pumped so you can sold them with a decent price,do not dump these coins because you might not able to recover from this losses.I dont want to be rude but you shouldnt be asking anyone which is which because its your money that you will put to risk.
February 26, 2018, 04:31:37 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 should expect worst, because this is the consequence of your actions ,you shouldnt be asking anyone which is which because your money could be put into wrong coins which in case happened,what you can do is to move on do research with the coins you have and dispose those coins who doesnt have any potentials,hold the rest for the long run so you might have a chance to get recovered. February 26, 2018, 04:21:47 PM
I think to sell most of it in the middle of spring, when there will be market growth, it's a good idea. I think you can go out with the least loss. And only then make a choice. Or just keep bitcoin, or participate in ICOs or buy altcoins. But participate thoughtfully and buy carefully.
February 26, 2018, 04:06:05 PM
In the first place why did you invest to these coins which you arent familiar of? i know that not all the people wants to research but that simple research could change everything because im sure if you have done research from the past you can eliminate these shitcoins easily.I personally dont trust anyone with my investments because my money would be my responsibility and i am the only one to blame if i got rekt.
February 26, 2018, 03:54:29 PM
That is unaacceptable,you shouldnt be asking anyone's recommendations for your investments because ICO and coin investments should have a lot of time in researching so you could pick the good atcoins over these bunch of shitcoin that doesnt have any potentials in the future,Now that you have learned your lessons you know what to do next time,never trust anyone but except yourself.
February 26, 2018, 03:46:22 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
A true friend will never put you in that situation clearly he is jsut fooling you,do not mind him and stay away from him because he doesnt know that these coins are shitcoins,or else he intentionally give the shitcoins to you,what you can really do is to search of these coins has potentials so you can hold them for long term,the unworthy coins should be immediately dispose to prevent further loss. February 26, 2018, 03:43:31 PM
Dude, here some good advice that everyone will agree. Never investing to something that you can afford to lose, use some money that not really matter if that money disappear, is not like your investment will crash though. But just to be save dont invest more that 10% from money you have.
This is pretty solid advice. Not putting too much money into it means that if everything goes wrong, you don't come that bad off, but also helps you to take risks about what you do with your investments I have found, which often pay off.
February 26, 2018, 03:38:11 PM
Just forget your portfolio and start to build up your life savings again (in your real life).
After 3 to 5 years get here and check back your coins' value. You'll get a ferrari (don't panic sell).
After 3 to 5 years get here and check back your coins' value. You'll get a ferrari (don't panic sell).
February 26, 2018, 03:36:24 PM
That is very risky move asking someone which is which isnt a good way of investment,because they might fool you or take advantage your stupidity sorry to be rude,but that wont change anything because you have already bought these shitcoins,what you can do is to conduct research for these coins for you to know which coin is worthy and worthless,dispose the worthless coins so you wont lose everything.
February 26, 2018, 03:30:47 PM
I think best choice you have now is to learn on your mistake and begin to research coins you own, maybe you have coins in your portfolio which are good long term investment and their price will grow.
Just dont make second mistake and do sell at a loss, before you are sure that coins you own are useless.
Just dont make second mistake and do sell at a loss, before you are sure that coins you own are useless.
February 26, 2018, 03:27:35 PM
That is not a good experiences,because i i have made the same mistakes last year after i got rekt with these recommendations i have started all over and from that time i am conducting a lot of research before i buy any coin because theres a lot of shitcoins out there and we need to know which are these worthy coins by doing research.Never trust anyone with your investments because its your money not theirs so you should do your part as an investor.
February 26, 2018, 03:22:37 PM
First you need to know how volatile the market is,and buying something you are unfamiliar could give you a lot of headaches,because almost 90% of the coins the market are shitcoins or worthless investments and you can only eliminate these bad coins thru a lot of researching,read the whitepapers of each coins in the market it will only take 10-15% of your time but it can make a lot of difference because you can easily tell if these coins are worthy enough.You can start over and do not repeat the same msitakes,you have learned your lesson in a hard way.
February 26, 2018, 03:21:01 PM
If you already know that the coins you invested in is dead or soon to be then you need to cut your loss because you'll end up losing everything, for me it is better if you try to cut your losses and start again from what is left, if you really know a lot about cryptos then you will reclaim your losses and even get some profit using it.
February 26, 2018, 03:18:35 PM
That is awful,a bad decision because investing blindly is worst than trading with the hype and you could lose all of your investment in an instant because you are not familiar with these coins you shouldnt be doing that kind of thing because your investments would be your responsibility and relying with someone isnt a good idea because they might troll you and theres nothing you can do after you lose.
February 26, 2018, 03:17:32 PM
it's your depend, if you worry you will lost your money too much of course you can sell your coin to cut lost and use that money to invest in the right way. now you have knowledge and I believe you will get a lot of profit in the future.
February 26, 2018, 03:05:34 PM
learn from mistakes made. DYOR is the number one lesson don't just buy because it is down or someone else says it.
but what to do now is research each coin you have and see the once you want to hold. you can but sell orders on the price you are willing to sell them. but all coins are still down so maybe hold and set sell orders for the price you bought is for
but what to do now is research each coin you have and see the once you want to hold. you can but sell orders on the price you are willing to sell them. but all coins are still down so maybe hold and set sell orders for the price you bought is for
February 26, 2018, 02:56:28 PM
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.
February 26, 2018, 02:42:14 PM
The worst thing anyone can possibly do is buy a coin (or any investment) on the mere recommendation of someone else. You can take that recommendation with a grain of salt, but only make the decision to invest in it yourself. It is critical to learn to do your own research and it seems like you are getting that. I'm not familiar with the fundamentals of the coins you are holding, but I would learn everything about them and dump the ones with poor fundamentals in the next bull market then either take profit or reinvest.
February 26, 2018, 02:28:04 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
In the first place you shouldnt be doing that,because investments needs a lot of time for you tu have some knowledge,research the nature of the project,check the team members and the roadmap and it will give you a good idea in how these projects will be able to achieve success in the future,if the research didnt satisfied your standards you shouldnt be investing.In your case you didnt do some research,because it is recommended by your friend,
that one thing you can do is to pray,that these coins will recover from the dips so you could sell them all after.
February 26, 2018, 02:18:45 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
It's better that you focus on what you have and learn how to make it big. Stop the blame game maybe your friend is honestly wrong on his advice. If he is your friend he will never recommend a coin that he never hold which means he is also in a lost. Better hold you think that has a good investment in the future base on your research and analysis so you don't have to blame anyone. Jump to: