Topic: I lost half of my crypto amount! what to do? - page 24. (Read 10117 times)
You experienced something really hard to test your destiny. I would suggest be more patient to wait the coming back of bullish. Risk is part of our life in this place.
You can't do anything with your lose. It happens to everyone. Putting in an ivestments in crypto is like you are betting in casino, you can win and lose since you don't or can predict what is going to be the outcome of your activities.
for me if you've got a lot of money to buy a better sell first and buy another altcoin with a potential especially now that the altcoin price is falling down so you can get a cheap coin with a pontential price increase as the price increases bitcoin.
I am a person like you. I entered the market when the $ 17k bitcoin price. I bought bitcoin and bch, eth, anchor and now I lose a lot. I lost because I am all in and lack of experience.
I think we should use stoploss when trading. to preserve capital
I think we should use stoploss when trading. to preserve capital
Until you fixation a loss, you will not loss your crypto currency. In this situation, we just have to wait and not sell.
This is why I suggest people to invest only what they can afford to loose. Then only they can be patient even in loss.
I think here in crypto industry we really need to have more patience and accept the truth in order to released normally the great losses we encountered. So what we really need is to recover and move forward with the use of our experienced as our advantage for possible success.
Everyone also lose their own investments this year the best thing I can recommend to you is to wait their big increase in the market to make your investments recover the previews amount of your investments. And I think after the end of the year it can really make our investments grow as we predict our earnings this coming months just like other people say's keep hodl.
As I know many investors have the same situation. And there are two possible options - to keep their altcoins and wait until the market turns around and they grow up. And the second option is to sell all the coins at a loss. But I don't prefer the second option.
In your case, you do not need to be disappointed, you just need to wait a little until everything grows up again!
That is why one should do proper research before investing. Some coins are still doing good in bad market.
Just wait for 2-3 months and prices will come to normal. If you invested in shit coins, exit as soon as they recover.
It is important to be patient at this money. Selling in loss now will not be the right thing.
Just hold on tight! I know it is frustrating the way the market has been for the last number of months. However, if you give in now, you accept your losses and your investment will be gone forever. Crypto hasn't been very prosperous in recent months but the potential for the future is enormous. It could just as easily happen to be the best investment you will do in your life, but it takes time and iron hands. Patience is a virtue, and I'm confident it will pay off in the future since you are still one of the pioneers. Crypto will surely find is way to the masses and when it does, you'll be glad to have jumped on this ship at the time you did.
This is why I suggest people to invest only what they can afford to loose. Then only they can be patient even in loss.
I think it's not only you who lost a lot of money here after an accident, but many people experience things and for that you should hold the coins that you have bought and invest the money you have today on coins that have the potential, sell when the market has begun to grow
you are right, many of us have the same experience and we need to be patient at this moment because soon, the crypto market will recover and I am sure that you can make a profit again. we are getting a loss and us loss various amount of money but I still believe that this will ended and we can see the price will increase higher. so you need to stay calm and be patient like other people so you can manage your emotion in this downtrend.
I think this applies to almost everyone in crypto but I have the believe that everything will be fine and better in the future. We just have to remain positive and strong
This is true as btc have fallen from 18k level to 6.5 k almost 1/3 accordingly all the smaller coins have taken a huge hit and your portfolio would have suffered a huge loss as well. But this is how crypto currency works and its volatility is not something which is not unknown for people.
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?
One thing I learned that stick in my mind "Sell it when it goes up high". Do not wait or do not think that it will keep rising because it is crypto and it is risky. It is not always up , there will be also couple of down times. I also regretted that I did not sold my coins when it's price is already up there. Now, market is still down and I need money, i have no choice but to cut my losses.
I think it's not only you who lost a lot of money here after an accident, but many people experience things and for that you should hold the coins that you have bought and invest the money you have today on coins that have the potential, sell when the market has begun to grow
All you can do it wait till the prices go back to peak. It can take a few months.
We just need to keep your money for a long time.
Most people here have lost similar amounts in their portfolios, but they're just waiting for it because they think prices will pick up, which makes sense.
Most people here have lost similar amounts in their portfolios, but they're just waiting for it because they think prices will pick up, which makes sense.
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