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?
I believe that you are absolutely not alone in a similar situation. After all, with large losses actually faced many investors in the market. In this situation, the main condition is to cope with their emotions, to be able to remain calm, not to succumb to panic, the market must gradually recover. 
Topic: I lost half of my crypto amount! what to do? - page 18. (Read 10097 times)
Hopefully you've learned from this experience and now can see what a "good" crypto asset looks like. While it sucks selling at a loss, if you're more educated, then now is a great time to put money into ridiculously cheap coins. But not everything is cheap, many coins that have tanked deserved it and will hopefully go down more
You should keep your password and wait until its price increases. Do not sell it while the market is still red because you will regret it. Just keep it until the price restores, so you can get back what you lost.
It is okay, everyone had done same mistakes as yours. Just wait and hold your coin, buy more coins with lower price and do the same with it. Don't overthink the mistakes you did, because it will just make you more frustrated and can't focus on your coins.
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?
That's really a difficult and serious predicament to be in, and if I am in your shoes, I would say that I would first take a step back, and reassess how and why I failed in my investments. I should take note of the reasons why it happened, if there is any; the means and strategies I can do to get back what I have lost; and if I can't get it back anymore, what can I do in order to utilized what I have left to earn more than what I have lost. I think those are the questions and fields I would work on to at least make sure that the losses I have incurred won't happen again, if not, at least, I can minimize the chances of it happening again.
Never sell COINS when the market is low. The best decision is to buy more COINS at the lowest price to average your previous purchases. Hold until the market rises again when sell.
There is a rule in this market. If you're a newbie, just buy Bitcoin and Ethereum and continue doing your job. And start study the market, other coins. Do not buy before study the product.
If you blindly buy coins and do not study the project, technology - then you are not only a beginner, but also a "hamster". Such participants are necessary on the crypto-currency market.
There is a rule in this market. If you're a newbie, just buy Bitcoin and Ethereum and continue doing your job. And start study the market, other coins. Do not buy before study the product.
Your experience is very similar to that of other cryptomaniacs. These people as well as you have invested enough money to get your profit but could not stop in time and return them back. now I can only wish you patience and wait for you, if this topic is still at least for you. Otherwise, you simply consume all the remaining funds and do not get anything at all. I sympathize, but these are the risks about which many here write.
The price of crypto already any good sign, because some crypto was going up 1 to 3 times from the bottomed, i think the best idea is hold it for long term because we can see this crypto market still very young and we can compared between market cap of crypto with gold, that is much different ,market cap of gold is more than $ 7 trilliun alone and crypto just $230 Billion for all crypto, so crypto market has potential to be boom market.
copper member
Activity: 98
Merit: 0
GIGZI -INDEPENDENT WEALTH MANAGEMENT www.gigzi.com
You may not by any means the only one who encountered this. Well you need to gain from this experience. Moving forward, you should look into the coin that you need to invest. I suggest to wait for market's recovery. Just hold it for the moment. Technique is perfect timing.
it defend on your choice, keeping hold that token hope the original price would back and cover your loss, or sell it immediately before you take more loss from the fall of that token rate.
You have not lost your money, just this year turned out to be everyone by surprise. Everyone hoped that the cryptocurrency will rise, but the market has shown that quick money will not. I suggest just to leave my Deposit alone and do nothing, when will the bullish trend we will recover to former highs, and then can either withdraw the money or continue to invest in cryptocurrency, but now with the experience that everything is unpredictable here.
You should hold the crypto you still have and wait until its price goes up. You need more patience in the crypto world. Because investing in cryptocurrency patience is key.
If the coin is good and has the future demand than yes holding is a better option. Also at present being btc down it makes no sense to sell unless money is immediate require. Because you would be selling in a heavy losses had you being buying at early 2018.
Just hold your crypto assets and wait patiently because that's how cryptocurrency is. Don't expect it to give you a profit at anytime you want because its value is unstable. That's how risky when you are into cryptocurrency investment and that's something that should be put in mind to someone who plans to invest in cryptos too.
You can do nothing because it is impopssible to get them again ony if you will earn more and more, and it will be better for you too because this experience will be very useful such for the specialist in crypto's deal and crypto currencies in common. I think you will do this.
No matter how sad it sounded, you still have a fairly good result. I know some investors who have lost literally more than 80% of their assets. And now their results continue to deteriorate. But there is simply no reason to sell coins in such a situation - the compensation will be too weak, so it's best to wait and hold your altcoins.
Just HODL brother, patience is the key!
You are not alone on what had happened to this unpredictable business, I guess you better hold on to your investment and be busy on your traditional business and when the price stabilized and you are able to break even or profit then sell and learn from the experience.
you can try your luck on trading. but the chances are 50-50. or join airdrop and bounty program to earn their coin.
Jump to: