Fell from 60k dollars to 5k dollars - what s the way to 100k

okan

full member

Activity: 644

Merit: 100

Quote from: coskunc on May 29, 2018, 06:18:29 PM

I started my crypto journey with only 4500 dollars at the end of October. I made good altcoin choices and with the bull market my trex account had around 60k dollars.
Then the crash hit my precious coins, I was the queen than became a total bag holder. Still holding my 5 month old coins, I think I am at the disbelief episode.

Any suggestions how can I go all the way up?

edit: Here are the bags I am holding for the last 5 months (i still have faith in them). Some of you have asked what I got here u go!
Thanks for the nice and supportive comments btw
-ARDR (huge huge loss' this bag was huge - actually ardor is the main reason of my losses - but still one of my fav projects)
-SC & DGB (huge huge mistakes)
-PAY
-STRAT
-GAME

The ones that I regret from kucoin...
- FLIXX
- QSP
- KEY

and made some silly trading mistakes to loose more... thats why I went a little further than their losses (not much though)

i am same with you too.

i lost more than 100k in 6 months. i wish i took all my earnings on january.

moonblocks

full member

Activity: 714

Merit: 100

3... 2... 1... Launch!

Selling some and reinvesting is a good strategy to diversify into other assets that can perform better but if you've invested in decent long term assets then holding might be a better idea

joelsamuya

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Activity: 532

Merit: 41

https://emirex.com

Quote from: coskunc on May 29, 2018, 06:18:29 PM

I started my crypto journey with only 4500 dollars at the end of October. I made good altcoin choices and with the bull market my trex account had around 60k dollars.
Then the crash hit my precious coins, I was the queen than became a total bag holder. Still holding my 5 month old coins, I think I am at the disbelief episode.

Any suggestions how can I go all the way up?

edit: Here are the bags I am holding for the last 5 months (i still have faith in them). Some of you have asked what I got here u go!
Thanks for the nice and supportive comments btw
-ARDR (huge huge loss' this bag was huge - actually ardor is the main reason of my losses - but still one of my fav projects)
-SC & DGB (huge huge mistakes)
-PAY
-STRAT
-GAME

The ones that I regret from kucoin...
- FLIXX
- QSP
- KEY

and made some silly trading mistakes to loose more... thats why I went a little further than their losses (not much though)

I do respect your thoughts and hopes for this coin to move up, but suddenly, all are falling prices, and same with me, ive loss a lot., but if you think this coin is better than the rest then hold it for more months, it is the only method available now, since lots of traders and holders to date are losing their invested money. Maybe later or tomorrow, you can recover your losses, dont lost hope, its just a matter of patience my friend.

cryptothreads

hero member

Activity: 1274

Merit: 500

Quote from: passwordnow on May 31, 2018, 07:29:01 AM

Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.

You can counter your losses and start day trading otherwise, you have to hold further.

Most of the time when they are profitable, they will never sell because they always think prices will increase continuously and always confident prices will increase over the next few months. I personally set a goal to sell before buying because this market can make you lose in just a few days. The best advice is to sell when profitable and always keep the best psychology when trading

winterland

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Activity: 434

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Quote from: coskunc on May 29, 2018, 06:18:29 PM

I started my crypto journey with only 4500 dollars at the end of October. I made good altcoin choices and with the bull market my trex account had around 60k dollars.
Then the crash hit my precious coins, I was the queen than became a total bag holder. Still holding my 5 month old coins, I think I am at the disbelief episode.

Any suggestions how can I go all the way up?

edit: Here are the bags I am holding for the last 5 months (i still have faith in them). Some of you have asked what I got here u go!
Thanks for the nice and supportive comments btw
-ARDR (huge huge loss' this bag was huge - actually ardor is the main reason of my losses - but still one of my fav projects)
-SC & DGB (huge huge mistakes)
-PAY
-STRAT
-GAME

The ones that I regret from kucoin...
- FLIXX
- QSP
- KEY

and made some silly trading mistakes to loose more... thats why I went a little further than their losses (not much though)

There is nothing to do the only option is to keep holing your coins, I know that it does not seem like the most proactive strategy but it is the one that is the easiest to perform and the one that will definitely succeed but that will only work if you have complete security in the coins you have chosen and can hold them for the long term.

somebadger

member

Activity: 170

Merit: 10

LMAO how did it happened? It is more than a 80% lose after all.
I have never lost so much money in here, and i have been on crypto for more than a few years already, and i love trading and holding too.

doomloop

hero member

Activity: 2268

Merit: 581

Quote from: aggress0r on May 31, 2018, 07:38:09 AM

Quote from: passwordnow on May 31, 2018, 07:29:01 AM

Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.

You can counter your losses and start day trading otherwise, you have to hold further.

But how could he know whether was the end of the bull run mate? Nobody knew

I know some people who bought BTC at $17k. That's outrageous.

I think you had a good chance to cash the money you had earned in October but you did not and the time is gone now. What I feel right now is that you should have done the technical analysis which makes you know about the most profitable of coins in the crypto market. You can still go good as long as you feel comfortable with your portfolio and hold it. Good luck for the future.

coskunc

newbie

Activity: 238

Merit: 0

Quote from: passwordnow on June 01, 2018, 03:02:17 AM

Quote from: aggress0r on May 31, 2018, 07:38:09 AM

Quote from: passwordnow on May 31, 2018, 07:29:01 AM

Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.

You can counter your losses and start day trading otherwise, you have to hold further.

But how could he know whether was the end of the bull run mate? Nobody knew

I know some people who bought BTC at $17k. That's outrageous.

Stop being greedy and take out the profits, if you're not contented with the big gains you've got, you should know how volatility will strike your profit.

There are people who knew when to sell and start cashing out, that's outrageous when you got big profit and you're asking too much. Undecided

Yeah I was greedy and I was a complete stupid. Thats why I deserved it

I didnt have any idea about how a market works any technical analysis. All I knew was the twitter analysts writing nonsense tweets. Even though I am kind of a math freak and an engineer, I didnt even google anything about how a trading market works.
---- I dont want to blame anything else but I had this condition: While the bull market was on I was trying to write an article to get accepted to a PhD program. So even though I was in front of the computer I was tired and busy. Anyway thats not an excuse and I know that...
I AM GETTIN READY FOR THE NEXT BULL!

Geoff999

full member

Activity: 476

Merit: 101

I would suggest finding some great new ICO if you want to start making money again before the next bullrun,

Coins I have found since the drop from Feb are Lympo - made 10x return in Eth,
Videocoin - did their Private sale but the coin is not releases yet, got for about 65c so we will see what happens with that i guess.

There are some very good ones coming out the next few months, Crypcocurve for example on the WAN blockchain looks great

passwordnow

hero member

Activity: 2968

Merit: 572

Leading Crypto Sports Betting & Casino Platform

Quote from: aggress0r on May 31, 2018, 07:38:09 AM

Quote from: passwordnow on May 31, 2018, 07:29:01 AM

Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.

You can counter your losses and start day trading otherwise, you have to hold further.

But how could he know whether was the end of the bull run mate? Nobody knew

I know some people who bought BTC at $17k. That's outrageous.

Stop being greedy and take out the profits, if you're not contented with the big gains you've got, you should know how volatility will strike your profit.

There are people who knew when to sell and start cashing out, that's outrageous when you got big profit and you're asking too much. Undecided

aggress0r

full member

Activity: 1050

Merit: 101

Quote from: passwordnow on May 31, 2018, 07:29:01 AM

Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.

You can counter your losses and start day trading otherwise, you have to hold further.

But how could he know whether was the end of the bull run mate? Nobody knew

I know some people who bought BTC at $17k. That's outrageous.

passwordnow

hero member

Activity: 2968

Merit: 572

Leading Crypto Sports Betting & Casino Platform

Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.

You can counter your losses and start day trading otherwise, you have to hold further.

Cnut237

legendary

Activity: 1904

Merit: 1277

Quote from: coskunc on May 29, 2018, 06:18:29 PM

I started my crypto journey with only 4500 dollars at the end of October. I made good altcoin choices and with the bull market my trex account had around 60k dollars.
Then the crash hit my precious coins, I was the queen than became a total bag holder. Still holding my 5 month old coins, I think I am at the disbelief episode.

Any suggestions how can I go all the way up?

The question to ask yourself again is the one you asked at the beginning. Disregard the current price and ask are these altcoins still projects that you believe in? If so, then there is no reason to sell. You bought at a relative high, and are now at a relative low - but we all know that crypto is volatile, and with the next big rise the highs of last year could look very small indeed. You are only a bagholder if the projects lose their potential.

azvn

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Activity: 294

Merit: 10

It should be call greedy. Its over 10x your investment and you still hold all of it. At least, you should sell some to take back your money 1st. The rest is your profit so you are willing to lose 100%.
The strategy that selling at peak and buying at dip is not for beginners, its not easy to see where is peak and where is dip. As my experience, when I got 20% profit, I sold all of my tokens and wait for it down to buyback, but unlucky for me, tomorrow, it went double. So if you hold it and gain 10x profit, you should take back your investment 1st. Then all the rest is your profit and you are willing to lose.

Bitico777

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The P2P Marketplace For Digital Content

If you have already missed a good time to sell and wait 5 months, I think that you can wait another 1-2 months.

aragom

sr. member

Activity: 728

Merit: 263

Quote from: coskunc on May 29, 2018, 06:18:29 PM

I started my crypto journey with only 4500 dollars at the end of October. I made good altcoin choices and with the bull market my trex account had around 60k dollars.
Then the crash hit my precious coins, I was the queen than became a total bag holder. Still holding my 5 month old coins, I think I am at the disbelief episode.

Any suggestions how can I go all the way up?

i am same situaton with you.
i lost my 90% money on this 5 month.
i took shit coins they make x20 and more, now all of them fell to %10 or 5% of his january value.
i cant sell them for hoping their pumps, i am holding. and i dont know to when i am holding

housebtc

sr. member

Activity: 588

Merit: 252

As you can see there is no particular project that has not been affected by this dump. as long as you have a stake in the space, you need to hold longer in you believe in the space, we here story of someone buying BITCOIN for $10 and the price went to $10k, do you know how many times the market dumped along the way to $10k

CLywaTeLb

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Activity: 770

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The crypto market is basically a pump and dump. To successfully hold and sell your coins, you need to study the theory of pump-and-dump. Of course, the situation can change and it is useful to know the whole TA.

Crypto_lion

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Activity: 630

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NEW MEDICINE:Faster, Safer, Smarter

Just wait for it mate .Many of the people are in the same position..that's the same case with me .I invested just before the bull run got increase many times but didn't sell now down again

bitgov

sr. member

Activity: 1554

Merit: 260

It is now up on you what you will do, cause you could trade those coins to other one or sell them or still believe that they will go up in future, make some movements and see if they will bring some profit.

Topic: Fell from 60k dollars to 5k dollars - what s the way to 100k (Read 503 times)