Topic: I lost half of my crypto amount! what to do? - page 107. (Read 10117 times)
Pray that those coins you have would recover,because if they arent you wont get your investment back.All you need to know is to dive deep with most of the informations you need like the product,the team behind the project,the short and long term plans of the developers,so on and so forth there are a lot of things you need to check before investing so you really need some research.
Cryptocurrencies it is difficult. Large volume of information. Special knowledge. Skills of trade at the exchange. It would be surprising if you became a millionaire at once. I don't say that it isn't possible. Perhaps just as to win in casino. Ordinary people are forced to study on mistakes. And to hope for success
Do a lot of research nextime so you wont lose a lot of investments,because investing blindly could get you rekt that wont be able to recover.Also check the most important factors of choosing good ICOs/altcoins because it is almost the same,the product,team developer,roadmap and whitepaper should meet your standards so you wont regret investing in the end.
Move om bro,theres nothing you can to for now you should wait these coins to get recover so you wont lose a lot,do not sell these coins at loss because it will only give you headaches,focus on reading whitepapers and checking all the factors you should consider like product,developer team,roadmaps etc. so you could avoid shitcoins in the future.
One of the best advice I've read.
"You must understand the time dimension. All losses/profits are temporary until you've made the trade. All altcoins are related but on their own market cycle. Most of your coins are winners but you need the patience to wait for the right time to make each trade."
"You must understand the time dimension. All losses/profits are temporary until you've made the trade. All altcoins are related but on their own market cycle. Most of your coins are winners but you need the patience to wait for the right time to make each trade."
Move on,you have learned from your mistakes and im sure you know what you need to do before investing in any of these shitcoins.Personally i spent a lot of reading whitepapers,check the background of the people behind each coins and putting those information into my database to that i could easily recall which one of these thousands of coins are the shit projects so i can avoid them in the market and you should do the same.
Honestly, what happened to you is unfortunate. Because of your bad choices and hastiness. As well, despite that last big drop in the market, It was the best opportunity to develop your financial income in a long term But you did not take advantage of it. You should know that the most profitable and guaranteed currencies are Bitcoin and then there is Ethereum. Moreover, Your financial budget must have a value of 70% in Bitcoin and Ethereum and the other percentage ( 30%) in other Altcoins like Ripple, Cardano, Tron, Litcoin....
In addition to that, you can avoid this loss by turning the rest of your money back into Bitcoin and Ethereum ( their prices are a bit low in this period ) also it is very certain that they will develop after some period of time ( within 2 or 3 weeks).
In addition to that, you can avoid this loss by turning the rest of your money back into Bitcoin and Ethereum ( their prices are a bit low in this period ) also it is very certain that they will develop after some period of time ( within 2 or 3 weeks).
So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
Under no circumstances should you pull out in a loss. Better hold and wait, soon the market will again be on the wave crest. This is my opinion. The situation is not pleasant, but if you sell now you will not win anything.
And the coins you invested in, have a really bright future. Just dont panic.
Move on,you have learned from your mistakes,do not beat up yourself instead of crying with your mistakes you should start reading whitepapers and researching with the people behind each coins so you would have a good idea in which of these coins could give you a lot of gains in the future.Researching will always save you from these shit project/investments in the market.
So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
Many people lost some of their money. This has happened before. Do not worry. When the trend in the market changes, then you will be able to turn the invested money back and gain profit.Just hold your altcoins.
Do not sell anything, just find the strength to wait. I made a similar mistake last summer, when the market was on top. I'm still waiting to sell a few coins, which were bought by stupidity.
Hold and wait for a while and after that you can decide what will you do but not sell now
Just hold and you will return all your money in few month.
majority of the people complaining now about the lost are those newbie that enter the market last year when bitcoin went rogue. the problem with you is that you do not understand what cryptocurrency is before you enter the market. you think the pump will continue like that without studying what caused the pump. well I will advice you to keep your coin save in your wallet and hope for better day. you are already in this and by the way no one know tomorrow. 
Yes, if you want to be part of the crypto world, then you need to continue to keep your coins. But if you understand that crypto currency is not for you, then withdraw your remaining funds and forget the world of crypto currencies. Perhaps you are not yet ready to fully immerse yourself in this world.
Don't lose hope and just keep on holding on those tokens. Who knows, their worth may still increase and it's just that btc and eth are also down now.
majority of the people complaining now about the lost are those newbie that enter the market last year when bitcoin went rogue. the problem with you is that you do not understand what cryptocurrency is before you enter the market. you think the pump will continue like that without studying what caused the pump. well I will advice you to keep your coin save in your wallet and hope for better day. you are already in this and by the way no one know tomorrow.
You can do research so you would know which of the coins you bought are for long term hold,eliminate the ones that arent for long term and try to do your own research everytime you will make an investment because most of the coins in the coinmarketcap doesnt have any use and worthless,that is why researching would save our investments.
The thing about investing in such volatile market is that, you have to be cautious and aware that market DOES go up and down. You have to stick with your believes, my best suggestions to you is that. split up the profile to make the bets SAFE and reduces risk.
You have learned a good lesson and i know from now on you are going to do a lot of research first before investing to these altcoins because the market has been flooded by shitcoins,theoretically there are only 5% of the coins in the market which has a good working product/services and the less are just projects created for the money,doing a lot of researching would give you good knowledge which coins are worthy/worthless.
So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?
im also facing this problem , just want to say don't give up, soon we will get positive results.
Jump to: