Topic: I BOUGHT INS AT $20 AND ITS $3.5 (Read 267 times)
INS is a pure coincidence and with long-term growth strategy, you should consider being confined and spending some time on the other, instead of just sitting there popping up the price list, you will lose a lot of time.
The proper way on looking into it is how much did it cost you in ETH. Compare how much in ETH is it's value now.
Dollar values can be deceiving sometimes and do not reflect the true returns as dollar values are volatile.
I think though as the market is currently depressed prices are all currently down, particularly those ICOs from December.
Just hold on for 3 months, markets should have recovered then.
Dollar values can be deceiving sometimes and do not reflect the true returns as dollar values are volatile.
I think though as the market is currently depressed prices are all currently down, particularly those ICOs from December.
Just hold on for 3 months, markets should have recovered then.
I think you should buy more INS at 3.5$ or lower because when the price hit to 10$ then you almost cover the lost.
This can be the best thing to do in order to recover some percent of the lost when you bought it @$20. If you only hold and wait till it goes back to $20, it will take long time but as techalt said that once it goes up, lets say it will rise to 5-10 or even back to 15-20 then you will gain decent profit. Otherwise you wont earn nothing if did not buy more @3.5.
Indeed, there is always a bigger risk if the price stuck at $3.5 or even going down more but it is the art of trading or we can call it as strategy on trading to recover lost.
I did a very similar thing when I first started out in crypto trading. I bought 1000s of an alt coin at 3500 sats but a few weeks later, it dropped to under 400 sats. I lost 2 BTCs just like that. So instead of waiting for the coins to bounce back (which they did 6 months later), I sold them at 500 sats and tried to get my money back by investing in other coins. The market dipped and after a couple of weeks, I panicked and sold them at another loss. To cut a long story short, I eventually recovered all my money, but it was only after I learned to be patient and wait for a few major pumps that pulled me out of the black hole that I had initially sunk in. If you are still holding the over-priced coins, continue to hold them and wait for the right time to sell them. It might take days, weeks or months, but time will save you.
I think you have to buy another INS coin because as long as it comes out it's the lowest price (3.5) and when the price goes up you can minimize your losses or at least you can get your money back
I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
This would be a heartbreaking situation on your part I also losing in some of my investment but so far I did'nt experience such a huge fall as what you have experience. Though market is all read for this past weeks hopefully all crpypto currency may recover once bearish season is over and looking to INS ecosystems it looks promising I suggest if you have still funds to do average down. It can help for your fast recovery in your losses.
You have unfortunately bought the altcoin at peak prices and then went down the market, which is a common thing in the cryptocurrency market when market volatility is so great. INS and ITS are two very good altcoin, now you can buy 2 more of this altcoin to make DCA, that's the way to get your capital back. Do not keep it too long as it will keep your capital buried for a long time.
I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
Well, i'm in a similar situation(different token though). if you believe the project will be successful then hodl or sell if you don't and invest in some other project. the token that i've bought, i believe in it and i'm sure i'll make profit. my token is currently down 70% from the price that i bought in.I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
Well, i'm in a similar situation(different token though). if you believe the project will be successful then hodl or sell if you don't and invest in some other project. the token that i've bought, i believe in it and i'm sure i'll make profit. my token is currently down 70% from the price that i bought in. 
I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
What do you expect? The price of INS will magically increased? This is how trading works, its beyond our control and you will always feel that frustration. But you have to think of it as long term investments and hodl, as your friend advised you, he might be right, who knows.Its fairly common to see those movements, almost all of us witnessed and this is just another part of your journey in the trading world. Its better to wait it out and see how the price goes in the future.
I know the feeling, especially when it keeps going dow but long hold always benefits
Yes, you have that itch to sell because you are seeing your money going down the pipe, but you really need to think of your investment long term. So just hold on it as long as you can.
Wait for their idea to be completely up and running, the ecosystem they hope to create can be a really big success and if you hold then the value will surely go much higher than that previous $20. You're just going to have to wait some months I'm afraid.
I know the feeling, especially when it keeps going dow but long hold always benefits
I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
Common situation on trading field which you are not the only who have experienced this but most of us will do. Its really frustrating when you buy a coin and then suddenly the price dumped.When a coin being listed on new exchange most of cases it do dump after a sudden pump on the price which im not really into buying stuffs on those situations. Risk on getting caught on a dump is really high. 
I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
Welcome to crypto trading. Why did you bought those coins though? Did you make a proper research to see if this coin has a bright future?
Its call dumping, investors selling their coins to take profits and its really painful to see your investment going down during this condition. You can't do anything at this point except to hold otherwise you will just suffer a lost.
Yes, everyone has been in this situation before. This is not normal to crypto market. That's why you will hear members preaching here not to panic and keep calm.
I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
Yes, dont worry. Dont sell it because then you realise the loss. If you are patient and wait you will see the price move up again. It looks like its in heavy accumulation mode right now, which means it will explode to the upside.
I think you should buy more INS at 3.5$ or lower because when the price hit to 10$ then you almost cover the lost.
I bought INS when it had just been listed on Binance 1 hour after and it kept going down, but my friend advised me to hodl, i feel very frustrated man, Has anyone went through this before ?
You have invested very cheap amount buddy and you do not need worry about in trading platform because the profit and loss will be always there. We need to convert to different altcoin in the time you see the dump in the market. For your information, today all the crypto currencies in the market completely fall down.
I advised you to keep hodl that money for some years or if you find the bump again and see the same value equals in fiat cash. You please convert it to different coin. It takes sometimes to understand the how trading investment works then you will understand it.
something similar happened to me but don't be weak and don't sell. the price will go higher if the concept itself is good 
even if it might not reach $20 again, it will go up.
even if it might not reach $20 again, it will go up. 
Just so you know:
Before entering the cryptocurrency markets, you need to get used to HUGE price swings like this. Especially with coins that aren't in the top 30-50 via coinmarketcap[1]. I really can't comment on INS as I really don't know what it does; so let me ask you, did you actually buy that coin because you think it will prosper? Or did you just buy it because your friend told you so? If it's the former, then hold. If it's the latter, then please tell your friend he/she's a cuck.
[1] https://coinmarketcap.com/
Before entering the cryptocurrency markets, you need to get used to HUGE price swings like this. Especially with coins that aren't in the top 30-50 via coinmarketcap[1]. I really can't comment on INS as I really don't know what it does; so let me ask you, did you actually buy that coin because you think it will prosper? Or did you just buy it because your friend told you so? If it's the former, then hold. If it's the latter, then please tell your friend he/she's a cuck.
[1] https://coinmarketcap.com/
In this time, most of the coins got down. I have also some coins which I bought with high price but price is so low than the buying price. I think you should wait for untill high price. For buying coin in next time, you should choice right, potential and legit coin.
Jump to: