luckily not, but in case of instant drop (not likely) you should be at the right place (in front of your pc) at the right time (as soon as the price is dropping); in this remote case i would hold waiting for the prices to raise (as it's always happening with BTC).
I would use my brain and buy some more while the price is low, usually drastic drops happens some announcements/news which can mine the mental sanity of the casual traders
Topic: Have you ever experienced huge loss in bitcoin business (Like ,trading,price dro - page 2. (Read 455 times)
October 17, 2017, 07:51:01 AM
October 17, 2017, 07:42:57 AM
I have been a victim of this time without numbers, I later realise patience pays in crypto business, since then I have developed some patience to hold any coin sm having loss till the price bounces back
October 17, 2017, 07:39:50 AM
That happened to me on August 1, after read so much that bitcoin will be split into two and that price would go down, I panicked. I saw that bitcoin price gradually goes down. And I just being patient and wait that it will goes up again. Apparently after two days it continue to goes down then I started to sell all my bitcoin because I am loosing a huge one. After just an hour, bitcoin price goes back and I was really disappointed to myself. I just thought that it is part of it and that I learned a lesson. Be patient.
October 17, 2017, 07:35:57 AM
Yes, I experience losses when I was new in trading. I bought a pumped coin and lost about 30% when it dumped. Fortunately, I sell in time as the price plunged to 70% lower than my buying price. Since then, I am careful not to buy without research or knowing the reason for price pump.
October 17, 2017, 06:01:53 AM
I had a loss in the beginning days of my crypto trading. I made almost 50% loss of my investment by taking part in pump and dumps.
I thought this is the opportunity to make a good profit but little did I know it was a threat to me. I accepted my fate and move on from it.
I never took part in pump and dump since then but I continued trading after a break. I learnt a good lesson from my mistakes and that's what makes me a better trader now.
I thought this is the opportunity to make a good profit but little did I know it was a threat to me. I accepted my fate and move on from it.
I never took part in pump and dump since then but I continued trading after a break. I learnt a good lesson from my mistakes and that's what makes me a better trader now.
October 17, 2017, 05:57:21 AM
Yes, I lost 1 bts investing in a scam project, but it was in 2015 and bitcoin was not expensive. I do not think it's a very big fee for the experience.
October 16, 2017, 08:19:11 AM
Lost some of my coins from trading, and some ICO investment, but still here and trust the system.
October 16, 2017, 12:59:13 AM
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 ?
If that happens to you, how you will response or react?
Will you stop or continue to invest in bitcoin ?
Yeah I do experience having some loss in trading because of the alt coins that I buy is dumping so big at -50% on both alts. But still I have my faith that it will be recover soon. Though I loss some btc still its USD value is the same because of the pump of BTC. I don't panic on that issue waiting to pump alts again. I'm still continue to invest on bitcoin.
October 16, 2017, 12:44:40 AM
for now do not personally, as I usually hold when there is a drastic price reduction bictoin. I know for a long time, bitcoin will go up, so I save what I have and wait for the price to go up again. My biggest drop was made in gambling, but it had nothing to do with bitcoin prices.
Your question is more accurate for the alt coins I compare.
Your question is more accurate for the alt coins I compare.
October 14, 2017, 04:53:33 PM
When there is a huge drop, it is very scary. However, it is usually always linked to some news concerning bitcoin. It may be very hard to keep buying when the price plummets 10, 20, or even 30% overnight. But that may just be the best time to buy.
October 14, 2017, 04:50:34 PM
If you mean if i had lost some money on trading, yes, of course that i lost some money in there.
But i had bigger losses on forex trading, it was in July i remember, and i was in a short position over USD/GBP, and the price was only going up, from 1.22 to 1.30 in a few days.
I lost more than $500 in there, it was one of my biggest losses in forex trading.
In altcoin tx i didnt had much losses, only trading with eth, but not much money.
But i had bigger losses on forex trading, it was in July i remember, and i was in a short position over USD/GBP, and the price was only going up, from 1.22 to 1.30 in a few days.
I lost more than $500 in there, it was one of my biggest losses in forex trading.
In altcoin tx i didnt had much losses, only trading with eth, but not much money.
October 14, 2017, 04:44:26 PM
Not for now personally, as I'm usually holding when there's a big drop in bictoin price. I know in long term bitcoin will rise, so I keep what I have and wait for the price to go up again. My biggest loss was done in gambling, but it has nothing to do with bitcoin price.
Your question is more accurate for alt coins I think.
Your question is more accurate for alt coins I think.
October 14, 2017, 04:23:18 PM
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 ?
If that happens to you, how you will response or react?
Will you stop or continue to invest in bitcoin ?
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