Topic: I lost 2/3 of my initial investment (Read 557 times)
Sorry to hear about your loss, at the start always spread your investment, and never invest when the coin is pumping, invest in a coin after some good research about product, team and upcoming updates.
Hey,
Long story short, I started with $3000 almost 4 months ago and now I'm down to $960.
I lost $200-$300 while learning, the rest was from cryptocurrencies crashing, and of course my mistakes.
Two days ago I wanted to ride the Nano train and bought in with all of my $1400 literally at its peak, followed by a colossal drop.
Then, I went all in on Vechain because of the upcoming rebranding, plus I originally purchased it when it was sub $3, but never kept it. Needless to say, it went down by 12%.
So currently I have $960 and I am feeling down that I am losing this battle and won't be able to stay a part of the history we are making.
I haven't bought into ETH, LTC, BTC because with my $1000 I would be getting nothing in return, even if they grew crazy. Any recommendations would be highly appreciated. Thanks in advance.
Long story short, I started with $3000 almost 4 months ago and now I'm down to $960.
I lost $200-$300 while learning, the rest was from cryptocurrencies crashing, and of course my mistakes.
Two days ago I wanted to ride the Nano train and bought in with all of my $1400 literally at its peak, followed by a colossal drop.
Then, I went all in on Vechain because of the upcoming rebranding, plus I originally purchased it when it was sub $3, but never kept it. Needless to say, it went down by 12%.
So currently I have $960 and I am feeling down that I am losing this battle and won't be able to stay a part of the history we are making.
I haven't bought into ETH, LTC, BTC because with my $1000 I would be getting nothing in return, even if they grew crazy. Any recommendations would be highly appreciated. Thanks in advance.
Losing money in investment is nothing new most especially if you really don’t know the market. Actually we can minimize these losses if we do the following:
1. Study the entry and exit of investment
2. Research and study the foundation of your investment
3. Having coach behind you to guide you
4. Learn the dynamics of your investment.
Common errors can be easily corrected what we have to do is accept failure and look forward in rebuilding yourself.
I think you should accept them and analyze the strengths, find out the cause of such losses. Failure is the mother of success, I think you will learn from experience in later investment, you carefully analyze carefully, do not fail this time. Wish you success more.
Hey,
Long story short, I started with $3000 almost 4 months ago and now I'm down to $960.
I lost $200-$300 while learning, the rest was from cryptocurrencies crashing, and of course my mistakes.
Two days ago I wanted to ride the Nano train and bought in with all of my $1400 literally at its peak, followed by a colossal drop.
Then, I went all in on Vechain because of the upcoming rebranding, plus I originally purchased it when it was sub $3, but never kept it. Needless to say, it went down by 12%.
So currently I have $960 and I am feeling down that I am losing this battle and won't be able to stay a part of the history we are making.
I haven't bought into ETH, LTC, BTC because with my $1000 I would be getting nothing in return, even if they grew crazy. Any recommendations would be highly appreciated. Thanks in advance.
This is the common mistake of the newbie trader they want to ride in the fast moving coins but they don't know when to get out when the coin suddenly crash when they entered this would may serve as a lesson to you not to buy coins with out proper research don't buy the coins because other people say it would going to the moon observe first how the coins movement and chart history. do some research if this coin has valid project. Long story short, I started with $3000 almost 4 months ago and now I'm down to $960.
I lost $200-$300 while learning, the rest was from cryptocurrencies crashing, and of course my mistakes.
Two days ago I wanted to ride the Nano train and bought in with all of my $1400 literally at its peak, followed by a colossal drop.
Then, I went all in on Vechain because of the upcoming rebranding, plus I originally purchased it when it was sub $3, but never kept it. Needless to say, it went down by 12%.
So currently I have $960 and I am feeling down that I am losing this battle and won't be able to stay a part of the history we are making.
I haven't bought into ETH, LTC, BTC because with my $1000 I would be getting nothing in return, even if they grew crazy. Any recommendations would be highly appreciated. Thanks in advance.
It's a sad story, and many of us made mistakes. You should stop thinking about your losses and carefully choose coins for investment and buy only during the correction. You will succeed.Good luck!
You've made a typical mistake for beginners and buy coins at a very high price. It seems to you that the price will go higher and your greed says "buy it!". But you must show resilience and think only with a cold mind. If the coin is at a peak then it will soon fall. In the future, buy only those coins that have fallen heavily.
It's natural to lost man but you should put a stop loss if you are worried of losing too much. Anyway stop worrying and start again, you still have a chance to make profit just don't lose hope. Remember that in some part of their life of the most successful investors and traders they were times they had loses before mastering the art of investing/trading.
I agree. This should be a lesson by now. As I recently said here also, do not haste the profit. You could start small and feel the profit there. Using that as your capital then do it over and over.
It might take some time but what the hell!. After getting the ROI back it is like you are free trading and your efforts will be paid off.
Stop being greedy and joining the pump squad, your money is already at risk do not endanger it more.
It's natural to lost man but you should put a stop loss if you are worried of losing too much. Anyway stop worrying and start again, you still have a chance to make profit just don't lose hope. Remember that in some part of their life of the most successful investors and traders they were times they had loses before mastering the art of investing/trading.
Hey,
Long story short, I started with $3000 almost 4 months ago and now I'm down to $960.
I lost $200-$300 while learning, the rest was from cryptocurrencies crashing, and of course my mistakes.
Two days ago I wanted to ride the Nano train and bought in with all of my $1400 literally at its peak, followed by a colossal drop.
Then, I went all in on Vechain because of the upcoming rebranding, plus I originally purchased it when it was sub $3, but never kept it. Needless to say, it went down by 12%.
So currently I have $960 and I am feeling down that I am losing this battle and won't be able to stay a part of the history we are making.
I haven't bought into ETH, LTC, BTC because with my $1000 I would be getting nothing in return, even if they grew crazy. Any recommendations would be highly appreciated. Thanks in advance.
If you are newbie in trading, better stick on altcoins that has a stable price and have a huge community. I would recommend Ethereum, NEO, Monero and Litecoin for starters. Once you get a profit, diversify it to other new altcoins that has a potential to get more than 100% profit. Remember that your goal is to get profit whether it is 10% or 20% in a month. It is still profit. What I see is you lose because of greed. It is useless if you get 500% today and lose 1000% by tomorrow. Long story short, I started with $3000 almost 4 months ago and now I'm down to $960.
I lost $200-$300 while learning, the rest was from cryptocurrencies crashing, and of course my mistakes.
Two days ago I wanted to ride the Nano train and bought in with all of my $1400 literally at its peak, followed by a colossal drop.
Then, I went all in on Vechain because of the upcoming rebranding, plus I originally purchased it when it was sub $3, but never kept it. Needless to say, it went down by 12%.
So currently I have $960 and I am feeling down that I am losing this battle and won't be able to stay a part of the history we are making.
I haven't bought into ETH, LTC, BTC because with my $1000 I would be getting nothing in return, even if they grew crazy. Any recommendations would be highly appreciated. Thanks in advance.
4 months ago? Those months are the day where all of the cryptos are on ATH (All Time High). If you are just starting trading crypto and you are on that months. it is very bad start for a newbie to start trading. My advice is to continue and dont quit. We are about to go bullish this march and now is the best time to buy good cryptos. If i were you i will start again by another 3000$ and i will choose good crypto only. there is no doubt that bitcoin will recover from its loss this 2nd to 3rd quarter of the year 2018.
I agree with you completely. Op clearly choose the wrong time to start investing into the crypto world. Several months back, majority of the coins reached all time highs and many people bought into the hype which has led them to losses at the moment. I advise op not to sell a single coin and instead HODL since this is a very bad time to sell your coins. I am expecting Bitcoin and many popular alt coins like Ethereum to skyrocket in the near future due to many reasons like the integration of the Lightning network etc. Don't fall weak and HODL for as long as possible.
that is the reseko that every cryptocurrency worker should receive. because the exchange rate on cryptocurrency is very susceptible to dump and pump. fluctuating exchange rates on Cryptocurrency make us must be careful in making decisions to invest. We should invest with the money that we are willing only. different when we invest property, the price is certain and certainly will increase over time. then be careful in investing in cryptocurrency
Do not panic. The market is volatile and now is the time for investments and not to withdraw your funds from the portfolio. So prices will rise by the summer.
You must have bought it at the peak. Its easy since u only lost 66 percent. Sell all out and put on the most undervalued coins like ICON. If you are long term hodler, you will get it back soon. If not go into a good ICOs and earn back the money. all you need is 3x.
Getting nothing in return.
Looks like I just saw the problem.
You want it fast. You want it big in an instant. That is your problem. Your new and you stepped into hell without even trying to practice how hot it is there.
Think about it. It is like gambling. You risk high you lose high. There will never be a save point here. This is all real.
Just by telling us that you wont get anything from a $1000 investment with ETH or other high valued coin tells it all.
You should relax a little and make some plans again. Small or high, it is still profit.
Looks like I just saw the problem.
You want it fast. You want it big in an instant. That is your problem. Your new and you stepped into hell without even trying to practice how hot it is there.
Think about it. It is like gambling. You risk high you lose high. There will never be a save point here. This is all real.
Just by telling us that you wont get anything from a $1000 investment with ETH or other high valued coin tells it all.
You should relax a little and make some plans again. Small or high, it is still profit.
I did the same as you but I lucked out and managed to break even through it all with the market crash. I learned the hard way that day trading is not worth it, its gambling, you might win but chances are you will loose. I lost 30 ven from my stack learning that lesson. Its better to hold and then invest more during the dips than to try and time the market. Good luck man, 1k is still worth investing and you'll come out on top with the right investment.
That's why i prefer to hold my coins, because it is more safety and as profitable as day trading. So if i were you i would invest remaining funds in one or two alts and keep them for a year or more.
Before you buy some coin for trading or investment you need to know the normal price of the coin and related information that might be able to change the price, I've also lost some of my money by following the train, improving my portfolio and learning from what you've been through.
I am sorry to hear that. Well, I'd say in the positive you learn a bit from your mistakes. Personally, I started the same and I lost a good part of m initial investment until I started changing my strategy into long term plans. It's been working good so far, all you need is to spend the majority of your time researching about projects and find something fits you and HODL.
You really need to draw a conclusion from this situation, except that you lost your money, you received an invaluable experience. Do not need to give in to emotions when trading, you need to have a sober mind. Therefore, I believe that you really need to rest and plan what to do next.
The best strategy is to buy some good long-term coins/projects (doing the proper research) and HOLD. Trying to trade or timing the market is not advised especially if you are a newbie
Jump to: