Topic: I lost half of my crypto amount! what to do? - page 64. (Read 10099 times)
We all here know what you feel most of us got the same problems after crypto falling. If you start trading you shoud agree with the risks of this game. I lose a 2/3 of my money and it is good experience for me.
Almost all users lose more than half of the money because the bitcoin price and all the coins down, I also experience so, but I do not panic and convinced that the price of all coins immediately rose.
You did the mistake wh most newbies do i.e. jump with heavy capital without knowing much about the market. There is a point when you can exit with some minimum loss after that quitting means losing everything. I suggest if you in later stage of that just HODL.
I once looked at a coin that I thought was going to moon. I decided to refrain from buying any, and to use it as an exercise in restraint. As it mooned, I kept telling myself, "It's ok. I didn't lose anything. There will be others." At the end of the day, nothing has changed for the worse in my life. I didn't make anything (financially) from that situation, but I was able to study the rise of that coin with some impartiality and without any emotional urges. I'll refrain from identifying the specific coin. Being comfortable with exercising restraint is an important skill in the markets.
Many people have the same scenario unfortunately. I just don’t know what to think about crypto market anymore so i quit thinking. I also saw there are lots of good advice here. Hope it helps also for others.
This is the problem with inexperienced users. You haven't lost anything yet. Your coins are down by 50% or 60%, but you don't need to lose your sleep over it. The prices are going to recover sooner or later, like it has happened so many times in the past.
you better hold all the coins you have, than you will get a lot of losses. you have to keep the spirit of facing the current situation.
Many people have the same scenario unfortunately. I just don’t know what to think about crypto market anymore so i quit thinking. I also saw there are lots of good advice here. Hope it helps also for others.
It would be frustrating for anyone who enters at the peak of the price. But I think nothing is much to do other than wait.
Just a reminder that this is not the first crash, and in fact crypto can rise again. So maybe not too often see the market will slightly reduce frustration.
Just a reminder that this is not the first crash, and in fact crypto can rise again. So maybe not too often see the market will slightly reduce frustration.
The thing with crypto that no matter how good at investing you are... every one looses half. The market shoots up and plunges down. It's a hard ride to take but the best advice is don't sell at the bottom. If you don't do that then you cant loose especially if you are protecting your coins from scammers at the same time. Good luck bro … fight the good fight.
We are lost too bro you are not the first and you are not the last one. There is no way, we can only wait i think. I am waiting for a green market
If you can not wait, you should cut loss to reduce the risk.
But if it's idle funds, then you can hold until markets pump return.
But if it's idle funds, then you can hold until markets pump return.
It seems that you keep cryptocurreny in the days when the rise and fall of crypto rates were high..the best opinion in that case is to keep waiting for rise in prices
You are not the first who this has happened to. To start with ensuring you genuine bills are paid and can be paid for, if not take some cash out. With the cash you have abandoned you can do different things, keep it in crypto for instance. A great many people here lost comparable sums in their portfolio however they are simply enduring it since they figure the cost will return up, which bodes well. Or then again you take your cash and place it in stocks, significantly more secure and significantly less pressure. Just recollect forget never put in more than you can bear/are agreeable to lose. Good fortunes.
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?
First i would say maybe you should changes your coins, I would recommend you to buy new coins with good project, and just think it as gambling. I do understand how it's feel and i do think the best way to gain profit right now is to buy good coins from ICO or new on the market. I do watch some coins and maybe i would invest on it, i dont think just hold popular coins would bring my money back, so now im trying to invest on Pundi x , peculium, UBT and sky coins. I do have a big expectation on UBT and Sky coins cause they seems have a good project in blockchain technology.
The main thing now is not to sell all that is left in a panic. It is worthwhile once again to revise its cryptoportal and decide which tokens to save and which ones to sell
When it rains you have a bad mood and you do not want to have fun. But when it is over, you will smile again. It's raining now. Just wait until it's over. This year, we will all be able to sell our coins with good profits.
Hold on to the coins! If you pull out then you'll never get your loss back. If you hold you could get it back and more and then maybe decide if you still want to pull out and do something else. Pulling out now would just be a huge loss to be honest
Sincerely it has being a serious downtime this year expecially for those who invested late last year. But I still patience will still pay off.
Take it, if you get the last of it, you'll get some of it back. If the money can afford to lose, then wait, yet while the project is alive there is a possibility of changing the situation.
Pulling out your funds from the market when the market is at its lowest invariably means you are counting your losses at the worst point.It will be better if you hold still till the market become better.
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