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Topic: Have you ever experienced huge loss in bitcoin business (Like ,trading,price dro (Read 475 times)

sr. member
Activity: 2016
Merit: 283
I have experience about loss but not to huge. Or much.  Just a accident sending funds to another btc wallet or to a another person cause i didn't notice that the btc wallet address is wrong i forgot to double check.  I try to contact the owner of the address but no response. My bad. Tssk And second lose is when i try to gamble in n gambling site but whitin 5minutes my balance disappear i dont know whats happened on that time. Until the website gone after 2weeks . I repent on that time but now i know that there are some ponzi site which is made by stupid people.  So as of now I know how to avoid thus ponzi.  So no worry
sr. member
Activity: 742
Merit: 251
Have you ever experienced huge loss in your trading or sudden drop price of the bitcoin?

If that happens to you, how you will response or react?

Will you stop or continue to invest in bitcoin ?

actually, it's not happen with me as well as i wish it's not happen me anymore But i like to hold bitcoin when the price going down.
full member
Activity: 658
Merit: 152
I am pretty new person here and for now I only saving all those payments that I have ever got. I would like to try myself in trading, but how to know when the price is going to raise or to fall? That's the biggest mystery to me to predict the new move.
member
Activity: 60
Merit: 10
Fortunately, this has not happened to me. I keep all the money in bitcoin, while he is growing confidently up. Although there were times when I thought that I would lose everything - the moments, the code bitcoin fell heavily in price, but now I understand that this is normal. The risk of losing money is only among those people who contribute money to the altcoyins that are traded on the exchange. I prefer to just watch how my deposit grows, slowly, long, but growing.
newbie
Activity: 23
Merit: 0
I encounter some kind of losses but nothing big yet. You must remember that investing in something have a risk.
legendary
Activity: 1904
Merit: 1074
Well, I dunno if you going to agree with me, but I once sold bitcoins too early and the price increased with $400 within the

first few hours after I sold some, so in my opinion I lost $400 per bitcoin. At first I was pissed at myself for being too quick

on the trigger, but then I realized... the price could have dropped by $400 and then I would have lost $400 per bitcoin.  Roll Eyes
jr. member
Activity: 153
Merit: 7
I'm a novice and if I have a big loss here, then I did not ignore what my friend told me. Hopefully now I've accumulated a lot of bitcoins. And hopefully now I'm no longer in trouble with money
full member
Activity: 459
Merit: 104
This has not happened to me when trading, but I lost big this summer when I cashed my 0.54 bitcoins for 1400 USD (when the price of bitcoin was around 2800 USD). Now I would have had a little less than 3000 USD in my account (not taking into account the 0.177 bitcoin that I earned since I cashe out). This was a lesson to remember for me. Now I learned my lesson, and I'll hold all of my bitcoins that I earn for at least 5-10 years from now.
copper member
Activity: 294
Merit: 0
Not really I don't think it will make a loss to you
full member
Activity: 466
Merit: 100
Bcnex - The Ultimate Blockchain Trading Platform
Such things are very happening to me, especially when I trade and do arbitration. with waiting time for transfer of funds from one exchanger to another and when the price often dropped drastically and made me lose a lot.
full member
Activity: 434
Merit: 100
I have taken huge loss in trading and it's not a new thing. Though each loss you encounter gives you experience on how to avoid it in the near future. As you know you get better by constant practice which is trading in this case. The first loss i encountered in Cryptocurrency trading emptied my portfolio and i was still able to get back in the game. Trading is a game of mind, I know what i want so i create strategies before entering again to avoid such mistakes from ever repeating itself..
hero member
Activity: 1176
Merit: 509
I'm currently experiencing huge loss in altcoin trading. I invested Bitcoin and their current value is less than half of what I've invested. I have no worries because my goal is for long term trading. I'm sure that my coins will recover after a few months or hopefully after a few weeks. Since altcoins are down now, my focus is on ICOs.
member
Activity: 217
Merit: 12
At me the most sad situation, I had lost nothing, because
 as nothing has bought. I always think bitcoins are too expensive for me.
full member
Activity: 502
Merit: 100
TheFutbolCoin
everyone who trades bitcoin has suffered losses.and I often experience losses, but I keep investing because of the many benefits I get.that's what makes me excited and keep learning .. because every successful person must have failed.
sr. member
Activity: 309
Merit: 251
Make Love Not War
As of the moment, I had losses but in a very minimal amount, for I read that to start in trading you need to start small. I used those losses to earn the knowledge that I have right now,  with that I think I had more winnings than my losses. The world of bitcoin is all about the news, we just need to follow it for us to know trend of the prices. We need to master our emotion for us to concur bitcoin, that I believe is the first step to be successful in this business.
full member
Activity: 210
Merit: 100
Not really huge but I lost quite a lot when investing my assets to Lumens & Ripple I bought them at the highest price and sold them by a considerable price difference because I could not hold it for a long time on both coins and by that time I had to pull it into cash because I need.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
Everyone who is involved with Bitcoins long enough has experienced some kind of loss and things like this happen but the issue is how you deal with this, how you compensate the loss and what have you learned from that in terms of future decisions.
Personaly I never had huge losses but I have experienced price drop many times and now I now that volatility is inevitable process.
sr. member
Activity: 434
Merit: 250
Free Crypto in Stake.com Telegram t.me/StakeCasino
I have experience some especially when I am new to trading , during that time I have this attitude of selling when I see the value was going down , I still dont know the word hold during that time because I expect that it will always rise , I sold my coins even tho I dont have any profit and lose about more than 1 bitcoin
sr. member
Activity: 618
Merit: 250
Have you ever experienced huge loss in your trading or sudden drop price of the bitcoin?

If that happens to you, how you will response or react?

Will you stop or continue to invest in bitcoin ?
i don't enter in the trading section even once but i experienced the sudden drop price of bitcoin but i only hold it. if you experienced this of course the number one is don't panic and have an critical thinking every details you know is you have to analyze every problem you encounter you g ot an solution . if i experienced that i continue to invest the bitcoin because we know that the bitcoin is fluctuation its unstable it means maybe next the value of bitcoin will become expensive to all
newbie
Activity: 3
Merit: 0
Hello,

I lost 3.4 BTC on Horizon (HZ) When I was tolate to sell them after Poloniex announced to delist the coin.... At that time the value of one btc was around 1600-1800USD....
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