Topic: I lost half of my crypto amount! what to do? - page 62. (Read 10117 times)

It's not surprising reading stories of losses because I'm sure all of us here suffer losses and this isn't new and the fact that the moment we put our feet in crypto world we should be ready from anything. If you do something like recover by selling your assets then trade or invest again, I'm not sure you can make a profit that can recover your loss, it would be better for HODL

if you still keep the coins you buy it, you should save and hold it first because if you sell it now you will even add more losses. I heard an issue stating that the market will recover by the end of this year or next year. maybe if that happens, you will not get too much loss, or even get an abundant profit

I believe a lot of crypto-currencies investors have lost a lot of their money during this bearish market, the best solution is to hold on to your bitcoin and altcoins in your wallet until the trading market starts to recover, but it seems that it might take quite a while for that scenario to happen.

Many people lost their money in crypto because they followed the fomo and hype of the other people. this is one of the factor generating to the lost besides the wrong analysis. In this case, following only the hype and fomo without self-analysis will not be good for you. If you have lost your money, just re-analyze your coins. Consider whether it is still profitable or not holding them.

FOMO is a real thing and it happens to all of us here. If you have patience, then may be just HODL but it seems like market would take a long time to recover this time. Many people have made the same mistake as you. You can pull out some money if you want to invest in something else but I guess you should probably hodl.

My best suggestion is to be active on your telegram and see if the team are doing some measures to regain the coins value and if they are still active on providing update. If yes,  then keep the coin since it will surely make up but if no then dump the coin to cut your lost.

FOMO is one of the biggest mistake an investor could feel ,
And I think we all have the same experience but you should consider cutting loss when it comes to trading,
Set some cut loss point in your trade so you wouldn't loss too much if it continues to drop.

If you are invested with some of the top 25 coins that have been established for more than a few months then I would suggest that you increase what you currently hold and reduce you cost average buy-in price. If you are holding some recent ICO coins that are not showing any signs of development progress then I would consider selling them and switch to some of the reliable alts that will probably increase quickly when things recover.

If you do not have and available funds to invest then I would suggest you just HOLD your position for now and wait for a recovery

I do not think it will be right now to sell at a loss. First, you need to make an analysis of the prospects of what you own. If this is a promising coin, you have to accept the decline in their prices and wait for the market to turn.

I agree with you, my password has also dropped by half, but I do not intend to sell, I believe the bull market will come again. Because encryption currency is volatile, the market will rise again in the future.

Calm down yourself. 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.

Hold it is best strategy for now,  we dont have other better strategy because mostly all crypto going down at the same times,  and later they also will going up at the sametimes. Hold and patient wait for bullish trend is only that we can do now to recover loss and make some profit later.

And he can take this experience and learn from it and have it help him become a better trader and investor. Losing money is all part of the game.

You have not lost anything have you? When you pull out at this stage then yes, you will end up losing everything. What you have done is a very common mistake of a newbie. When you knew that BTC was sky-rocketing you must have noticed that at some point or the other it will fall low. You should have waited to buy when the price actually falls. Then again, when you know that you were buying when the price is at its ‘all time high’ then you are bound to face the present situation simply because the market raised its bar so high that it would take some time for the record to be broken. Won’t you agree that it would take some time for Usain Bolt’s 200m WR to be beaten? It happens everywhere when a record is set.

You must first watch the market. Secondly, unless you are a day trader, you should think generally of long term investments. Thirdly, I strongly feel that by the end of this year or by next year first quarter, the price of BTC will shoot up and consequently all the Altcoins. Fourthly, you must thoroughly study the Altcoins performance prior to your investment and always invest in a stable coin. Fifthly, cheer up, honestly you have not lost anything and if you wait patiently for another year, you will reap your benefits. Sixthly, for you to rectify your error, the best thing to do is invest NOW. When you invest when the market is sulking, you will reap enormous benefit when it is booming.

There is no need to lose heart for what has happened with you is quite normal. Always remember this simple mantra – buy when the market is down, sell when it is high. And most importantly keep following the markets and trends and seek expert opinion when you are still new and young into the game.

I know how you feel bro. I got FOMOed to last December and put a large amount of money in one coin. In short, ALL-IN. But after I bought, the price gets lower and lower. Bitcoin gets lower and lower also. Until now, I haven't recovered yet my loss.

What is it? Sound like usual piramide. Quickly x2, sure 

the cryptocurrency become hype in the end of 2017 until the last Q1 of 2018, many fomo happened at that time, investing some money without learning about the trend or maybe just beleive to what most peoples said. i'm very sorry for your loss, we are experiencing some loss also. be a stronghand, now is a good time to add your investment on cryptocurrency, hold your coin,i believe the price will rise again soon.

I fell you buddy! We are on the same boat. Lets just wait for a bull market to take over again. I would not recommend you to sell your coin because it will only means losing your capital.. Today, I still hold the coin in my wallet I will never contribute to a bearish market. I hold and wait until it reverse its movement.

You have to be patient because there are still many people who have suffered a loss like you even more. Make it a valuable experience for you. And for the future, you don't follow your appetites when you would be making decisions. And do not sell coins when the red coins in the situation and you must keep the coins any longer.

go to Socratus and invest money there and you will quickly return everything you lost