Topic: I lost half of my crypto amount! what to do? - page 66. (Read 10099 times)
Diversifying is very important, buy 10% then if it goes lower another 10-20%, the easiest way to loose is to invest too much in one thing.
RELAX, ,,its not only you who has lost a considerable mount of value on their coins, the market situation is currently not very friendly to anyone. all crypto coins have taken a dip and there seems to be nothing much we can do about it, none believers will panic and sell off trying to cut on the losses but the truth is that they are making the situation worse by creating a dump and hence loss of more value, you should be patient and hold on to these coins and wait for the better days
it seems that you are not alone in facing this situation, I am too, even my friend is worse, this is the risk of cryptocurrency, but believe me, just hold, you will get the value back, keep the spirit
You are absolutely right mate, investment is a risk in the world of crypto currency. So we all should keep a bit patience and support everyone in a positive way.
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?
You should sold at 3x. And play with profit. One good trade doesn't make you expert. That's the problem with current pro traders. They all sounds just like that. It's like first winning in casino. 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?
The best thing to do is hold your remaining coins right now if you still have some and stop trading in the market today because the price is just continuously decreasing, you will still earn profit back when the market goes back to normal.
It is common situation, so guy, forget and concentrate on new goals, moreover now it is a perfect moment to enter crypto market, so increase your portfolio and you will be rewarded.
Just be patient and believe in what you do, then you will increase your portfolio and gain money!
Just be patient and believe in what you do, then you will increase your portfolio and gain money!
I think many many many people from that forum was is the same situation. You dont want to make smth urgent and stupid right? Just relax and wait the market will grow up again.
If you did not sell your coins below the price you were buying - then you did not lose your money. If the price of your coins is reduced, then you do not need to panic and sell them, wait for a while and the market will recover again.
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?
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.
Keep quiet. I wouldn't recommend investing anywhere with the money you're afraid of losing. These are certain risks.
You need to delete your blockfolio and check back in 6 months. I promise you everything will be okay.
You have to understand that the crypto market is very small and it can be manipulated very easily by whales and market makers. Banks and institutions coming making a presence in the market make short-term outlook even worse. Nevertheless, if you believe the crypto is here to stay when looking long-term, I think your position is better than others who will be flooding in this year.
If you have already lost most of your capital, then there is no point in selling coins. It seems to me that you need to be patient and wait for the market to recover.
Don't panic! A rich investor is a patient investor. I wouldn't recommend investing anywhere with the money you're afraid of losing. These are certain risks.
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?
Life consists of losses. And it is really hardly can be predicted that some coin will be all the time profitable. Market is developing rapidly and you should aware about every changes that happen from time to time.
I think we've all been there and FOMO has struck us all at some point. Don't lose heart. No one is able to read the market as crypto is too volitile. I would HODL until you can at least break even.
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?
you said that you lost it, since you lost it already, why dont you just try to hold it more, what if that holdings of yours will increase after a few months. its better right?
You can't just look at the good side of investing in this market. You need to consider the worst intentions before investing so that even if you suffer losses, you can maintain a good attitude to judge the market and profit from it.
You're not the only one is such case. A lot of other are. I think you should still be patient for sometimes to see what the price will turn out to be. It was about the fourth quarter of last year before the price went up. We're still expecting the same this year.
this also happened to me, I lost almost 75% of my total assets while trying to invest. this happened before I deepened my knowledge in cryptocurrency and after I studied and read some sources I managed to minimize losses while investing. then the science is very useful in various things and places so you should make this a lesson and motivation for the future you can be careful. and for the assets you have to try is to cut losses and gain profits in other cryptocurrency investments. but you must learn your mistakes in the past
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