Honestly most of tokens (altcoins without its own native blockchain) are doomed to die when bull market ends. People love to invest excessively in these coins yet when overall pause on markets happen they quickly lose interest, and over time transactions die. In 2018-19 I sadly experienced similar issue when I invested a lot in ICO tokens. I regretted over time but it was over. Its best for OP to be more cautious next time and prefer different coins in next bull run.
If the token has no use or is not viable when the bull market ends, people will not want to invest in that token or altcoin because they will tend to look for better tokens or coins. The years 2018-2019 were good years for ICO projects where many ICO projects can earn huge profits. But after that, many ICO projects could not compete with other tokens or coins, so they lost the opportunity to increase again. This will continue to be repeated in the future and make us observant if we want to invest in a new project or project. 
Topic: Excessive greed is detrimental to investment - page 7. (Read 1724 times)
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time.
Wait is the only way for now until you can recover from that losses.When people claim they have little knowledge about the market and the greed to get more money is what makes people suffer from more losses. I don't mind with getting more profit but by the time the world suffers global recession and the update of cryptocurrency where so many bad news happens, that should be a bad sign for all of the holders or traders to actually stop and think again about the decision.
Basically I believe that the best thing to do would be making a bit of profit based on what we can make with this, and that is only possible with the real original ones that makes you money, not the hyped shitcoins that look like they are something today but will be absolutely nothing tomorrow.
Honestly most of tokens (altcoins without its own native blockchain) are doomed to die when bull market ends. People love to invest excessively in these coins yet when overall pause on markets happen they quickly lose interest, and over time transactions die. In 2018-19 I sadly experienced similar issue when I invested a lot in ICO tokens. I regretted over time but it was over. Its best for OP to be more cautious next time and prefer different coins in next bull run.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time.
Wait is the only way for now until you can recover from that losses.When people claim they have little knowledge about the market and the greed to get more money is what makes people suffer from more losses. I don't mind with getting more profit but by the time the world suffers global recession and the update of cryptocurrency where so many bad news happens, that should be a bad sign for all of the holders or traders to actually stop and think again about the decision.
which means that as long you dont able to sell out those positions then you arent losing anything but if you do then thats a realized loss.Dont make yourself get panicked even though its hard but it would
really be wise on making yourself to get prepared for these conditions or situations.Dont let greed control you and you should need a get a hold of it or else you would
be facing lots of errors and mistakes.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time.
Wait is the only way for now until you can recover from that losses.When people claim they have little knowledge about the market and the greed to get more money is what makes people suffer from more losses. I don't mind with getting more profit but by the time the world suffers global recession and the update of cryptocurrency where so many bad news happens, that should be a bad sign for all of the holders or traders to actually stop and think again about the decision.
I think most of us experienced the same thing on our investment journey in crypto. But after that we learned a lesson to not be greedy, if you see an opportunity to take profit, go ahead, don't hesitate unless you have a set price and willing to hold and take risk even it takes a long time.
To see a profit and not take advantage of that is the biggest problem in the crypto world. I know for a fact so many people around me lost a bunch of profit just because they didn't want to stop.Will the market go to the previous position?
We're not certain about this but if we look back in the past history, the market do bounce back after the long bear season. So to answer your question, if you're holding a good coins then it will likely recover once bear market is over.Last year my friend who turned 600 dollars into 30k dollars when altcoin prices went up, this was in 2021 bull run so it wasn't a shock, but his 30k dollars is now 2-3k dollars because he declined to sell and still keeping them because he believes they will recover. If he sold at peak and bought today, he would have x10 more tokens, same tokens, could still hold them if he believes them so much but would be 10x more in amount. So people should learn how and when to get out.
True, in investment we must always be realistic, if we have a profit 100% then we should immediately sell 50% of assets so that we have got the ROI and the remaining 50% we hold if there is hope to continue to grow, sometimes we continue to buy because it looks very good then the price Drop and we are sorry for losing a lot of money, greedy is the initial door for bankruptcy.
Yes, I completely agree that greed or the first door leads to bankruptcy and loss of money, or when we get good profits from one of our investments, we can exchange the profits into stablecoins to keep these altcoins from price volatility, and we can buy back with another part of the capital, In fact, every investor should stay away from greed and set clear goals for selling without leaving his altcoins in the long term without any goals. Promising altcoins may pump and dump in line with market conditions, supply and demand, but memes coins may pump according to the hype, then greed makes you hold them to get more profits, and this leads to the loss of your capital.
True, in investment we must always be realistic, if we have a profit 100% then we should immediately sell 50% of assets so that we have got the ROI and the remaining 50% we hold if there is hope to continue to grow, sometimes we continue to buy because it looks very good then the price Drop and we are sorry for losing a lot of money, greedy is the initial door for bankruptcy.
I think most of us experienced the same thing on our investment journey in crypto. But after that we learned a lesson to not be greedy, if you see an opportunity to take profit, go ahead, don't hesitate unless you have a set price and willing to hold and take risk even it takes a long time.
Will the market go to the previous position?
We're not certain about this but if we look back in the past history, the market do bounce back after the long bear season. So to answer your question, if you're holding a good coins then it will likely recover once bear market is over. Based on my experience, the answer is yes especially when I experienced the bull market and bear market during 2017 - 2018.
BUT, not all projects will recover, what I experienced before was I love buying some new altcoins or random altcoins on the market, I'm exchanging my Bitcoins or Ethereum for those random altcoins and later on, after the bear market and the market started to recover, those random altcoins I bought was not doing the same thing like other high market cap coins. Which is really disappointed.
It's not mean that the market recovers, all projects who lost their value will recover too.
Before those dates that you mentioned, the crypto market is already working like that. It will go up and then it will go down, this cycle never stops but as you said not all coins can recover but only those who can recover are the ones who have a real purpose. For those who want to invest, they may still need to do their research thoroughly and don't just pick up any coins just because you see their price dumping because that dump might be permanent already.BUT, not all projects will recover, what I experienced before was I love buying some new altcoins or random altcoins on the market, I'm exchanging my Bitcoins or Ethereum for those random altcoins and later on, after the bear market and the market started to recover, those random altcoins I bought was not doing the same thing like other high market cap coins. Which is really disappointed.
It's not mean that the market recovers, all projects who lost their value will recover too.
We shouldn't fool by that. What you did before was funny, you exchange worthy coins for the junk coins, but I hope you learned your lesson now. Even if we now have experienced, it is still best to support only the devs that create useful coins because they are the ones who contribute to make the crypto world better.
don't get too greedy in cryptocurrencies and hold any particular coin for a long time. It has the possibility of much more loss than profit.
I don't consider holding bitcoin for as long as I can as being too greedy, I will only say I am greedy when I hold altcoins that the projects are not strong for a long time. There is usually pumping, and dumping involved with cryptocurrency, if you buy an Altcoin when it is pumping, if you have made your profit, it is best you trade it for a stable coin to secure your investment, rather than waiting for it to pump more. Waiting to make more profit after you have made a reasonable profit from an altcoin is greed and can make you lose your investment.Only hold when I think bear market long streak days is over but when I already secure a profit I usually don't hold anymore because I can't take to hold for much longer and then got hit when market is crashing back again. Investors need to realize that believing on to much hype like people tell that they are diamond hands or hodl is little much crazy since this is case to case basis and only applicable only for people which have a lot of money in stash.
Will the market go to the previous position?
this kind of condition where you do really miss out those opportunity on selling out and even myself did lost thousand of dollars due to that greed.Therefore, the best thing to do is to move on
and learn up those lessons even though it did really cost up that much.
Greed could really fucked you up and we would only just stressing out ourselves on thinking into those opportunities had slipped away.
Honestly the portfolio and the coins there look like definitely a bad decision and a problem on OP's side. If he ended up buying btc, eth, bnb, ltc and so forth than he wouldn't be this much down, and even if he was, the recovery would be guaranteed. However when you buy stuff like vulcan, ispolink and myid, none of which I have ever heard before let alone can say anything good or bad, then you kind of deserved to lose money.
Buy things that are up there and could be known by most of the world, not stuff that are low cap, because if you do then losing is inevitable. Sure you lose if you bought bitcoin too, but at least it has a brighter future than these shitcoins.
Buy things that are up there and could be known by most of the world, not stuff that are low cap, because if you do then losing is inevitable. Sure you lose if you bought bitcoin too, but at least it has a brighter future than these shitcoins.
(....)
Will the market go to the previous position?
Based on my experience, the answer is yes especially when I experienced the bull market and bear market during 2017 - 2018.Will the market go to the previous position?
BUT, not all projects will recover, what I experienced before was I love buying some new altcoins or random altcoins on the market, I'm exchanging my Bitcoins or Ethereum for those random altcoins and later on, after the bear market and the market started to recover, those random altcoins I bought was not doing the same thing like other high market cap coins. Which is really disappointed.
It's not mean that the market recovers, all projects who lost their value will recover too.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time. Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time. It has the possibility of much more loss than profit.
My Investment Portfolio
Will the market go to the previous position?
My Investment Portfolio
Will the market go to the previous position?
This cycle happens over and over again. Greed literally drives the entirety of the crypto markets. When it goes up it goes up way to high because of greed and completely levels people's investments because the downside is so harsh. Depends on what ypu put ypu money in if it will go back up or not. If it's based on bitcoin than you should be fine. If you threw money at fringe projects very likely you will never see that money come back.
That's a lot of loss but for sure there are a lot of us in here that are currently in paper loss more than your $14000. Well, the lesson is there and we shouldn't be greedy when profits are already in front of us. We should take every lesson that we learn from our investments in the crypto market.
Also, I've noticed that you didn't take bitcoin from your stash, with that amount you should have at least near to 1 bitcoin with that loss that you've got but during that time when you're able, the price of bitcoin could be a bit higher and quite expensive. But still, it's good to have it, anyway I wish you'll recover from these losses you've got for now.
Also, I've noticed that you didn't take bitcoin from your stash, with that amount you should have at least near to 1 bitcoin with that loss that you've got but during that time when you're able, the price of bitcoin could be a bit higher and quite expensive. But still, it's good to have it, anyway I wish you'll recover from these losses you've got for now.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans.
You don't need to have predictions but you need plans to manage your capital.Volume in market is like blood in living things and you must pay attention on Trading volume.
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Finally I would like to say one thing from my real life, don't get too greedy in cryptocurrencies and hold any particular coin for a long time. It has the possibility of much more loss than profit.
With Bitcoin, you should hold it as long as possible, maybe at least 4 to 8 years. After two halving cycles, I am sure you will end with very enjoyable profit.Quote
Will the market go to the previous position?
When you invest in a bear market like now at prices are very lower than all time highs, you will get good profit when they reclaim their past all time highs. Honestly, you don't need to see a new all time high to double your capital.Like one year ago, if you want to double your capital, you must see Bitcoin touches $120,000 or $130,000 but now you only need to see it moves up back to $30,000 to double your capital. That is very good chance.
No problem your investment can comeback anytime. The key is if you must be patience waiting for another bullish trend. My portfolios were also decreasing so hard like you but im not even feeling worry as i never lose my money but i just my unrealized profit.
The key must be the bullish sentiment that can bring back your money again. I do know how you do feel once you bought them at the top of price and then your portfolios were decreasing so hard like roller coaster.
I think that what you can do just be patience and waiting for some luck to come very soon.
The key must be the bullish sentiment that can bring back your money again. I do know how you do feel once you bought them at the top of price and then your portfolios were decreasing so hard like roller coaster.
I think that what you can do just be patience and waiting for some luck to come very soon.
I don't think so, if your portfolio and OP's are bitcoins then I would say what you say is true because bitcoin will always bounce back after the end of a bear cycle. But if it's an altcoin and like the OP, I doubt it would be a real losing investment, because altcoins' resilience is slim. The 3 altcoins that OP holds are just low cap coins and just a temporary trend in the market, if that trend can't return to the market don't expect your asset to recover.
When I was new to cryptocurrency I was totally ignorant about market prediction, volume, future plans. Then I invested in some cryptocurrencies. After a few days of investment, I made quite a few dollars. But due to little knowledge about the market and excessive greed, I did not sell the crypto currencies I invested in the market at that time. So currently I am at a loss of $14000. Now I have no alternative but to wait for a long time.
I learned my lesson back in 2017-2018Just so you know, some of the tokens you are holding will never return to a new all-time high. Some others will continue all the way to zero. Don't bee too hopeful with the shitcoins. Only hold coins that are solid like Bitcoin
You are not the only one. Look at how many people lost money in the stock market last year which is considered much safer than crypto. Stocks like Facebook, Netflix all had huge drawdowns, some even higher than crypto.
Look at how many people basically lost 100% due to all these lending platforms and FTX that went down. Its been a tough year for investing. Should of stayed in all cash at the bank pretty much.
The ongoing year have provided the best as well as the worst out of the investment. This had happened out of luck in some means, because the well analysed investment fails whereas the one that is being taken out of random choice support in making good margin out of the investment.Look at how many people basically lost 100% due to all these lending platforms and FTX that went down. Its been a tough year for investing. Should of stayed in all cash at the bank pretty much.
During this period FTX, Luna Terra, Celcius and more cryptocurrency have landed the crypto investors in 100% loss. However saving in the banks too have turned to be unprofitable, as the interest provided were very low and we don't have control over our funds.
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