Topic: I lost half of my crypto amount! what to do? - page 71. (Read 10099 times)
Now 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 do not recommend this method. Just have patience.
It is sad that the thread starter lost part of his crypto. In any investment this is possible to happen and what we can do is to stay positive that someday we'll be able to achieve our goals. We learn from our mistakes in the past so we need to always look at the brighter future.
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?
Is the 12K you put in crypto something you can afford to lose or see it's value reduced to 50% more?
I know it's painful to watch... but that's the way it is with every investment, especially very high risk ones, like crypto.
Always follow rule #1, never invest fiat that you cannot afford to lose in crypto.
Rule #2, Don't FOMO, Never FOMO. The market moves in waves - it doesn't go straight up or straight down. There's always a good entry or exit point.
I think most people will tell you to continue to wait for, waiting for the arrival of the bull market, and most of the opposite decision, so you may lose less, I suggest that you now sell immediately, this could be a good decision.
Just wait until the market backs again. Do not panic because it will go back again but we just need for the right time. So just rekax for now and do not sell your coin.
The worst thing that some people do is panic sell at the bottom. It is best just to hold and wait. Forgot about your coins for a couple months.
In the very first place prior putting up an investment in crypto I believe that all of us are already aware how risky it is going to be. But always remember that giving up is not an option, instead this is a new beginnging of starting a new one. Never give up, keep going.
Just wait until the market backs again. Do not panic because it will go back again but we just need for the right time. So just rekax for now and do not sell your coin.
The worst thing that some people do is panic sell at the bottom. It is best just to hold and wait. Forgot about your coins for a couple months.
It needs a high level of vigilance to deal with the current crypto situation. With the rapid development of the crypto community, the crypto situation becomes very sensitive and fluctuates easily. Before you sell your coins, you must first analyze the coins that do great potential to grow and achieve valuable value in the future. In addition, you also need to synchronize the crypto situation with the coins you will sell. Sell coins when the crypto is in good shape and quiet.
It believe you why you lost in the first instance,that is the first step towards minimizing future losses.Your best bet now is to have some patience for the market to recover.It always does after a crash.
You lost only half of your investment but peoples are lost many maybe 3x or 4x times. You should keep patience for your investment as you are in crypto market the highly volatile market compared to the most silver one. Just hold and definitely you will get minimum of 8x times in the next boom.
Just wait until the market backs again. Do not panic because it will go back again but we just need for the right time. So just rekax for now and do not sell your coin.
Now you do not need to do anything, do your own business, and leave your crypto-currency investments in peace and wait until they enter the active growth phase again.
When you are engaged in trading it is impossible to work without errors. Errors are normal and losses, unfortunately, this is also normal. It is important not to panic and keep your plan for work further.
Sorry about your experience. In my opinion, I will advise that you keep HOLDING if you have not sold out. The reason I say this is because you may be doing yourself more harm if you sell now. Just HOLD, remove you mind from it for as long as the period it will take to rise again to the level you think you can now sell to recover you capital and you still have a profit. This may take a while, but if you don't mind, exercise and keep exercising patience. This is just my candid advise.
I am also one of those guys that lost %50 to %70. But I didn't panic for single second while it was happening. So you shouldn't worry and wait for markets to start recovering. Then you will be fine
The most important thing is not to sell coins at a low price. Until you sold the coins - you did not lose money. The market has always been restored, so it will happen this time too.
I am also one of those guys that lost %50 to %70. But I didn't panic for single second while it was happening. So you shouldn't worry and wait for markets to start recovering. Then you will be fine
For those who do not only half lost, please stock up on Valerian, all will be very good, and better if left less than half, just get btc in, and do not worry!
Just forget about them for few months and then come back again once Bitcoin has stabilized. But remember don't panic sell. Its not just you who lost his crypto portfolio value but almost everyone.
Dear all,
A powerful of crypto growth with the market. The market is not stable. So, you or everyone maybe also lost the crypto. That's a normal thing. But hope your success soon!
A powerful of crypto growth with the market. The market is not stable. So, you or everyone maybe also lost the crypto. That's a normal thing. But hope your success soon!
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?
Don't lose hope because you're not the only one who's experiencing the same thing. We are actually not losing our earnings while we are hodling during the dip. We might also just have big losses if we'll sell this early because the value of coins these days are too low so it is better to wait until the market recovers again.
Just hold it. I think i'm lucky because I cancel my plan to invest and It's right because few days from it, crypto market crash. When it happen I take that opportunity and start investing. I think you can doing like me than just holding. You also can get many dollar whne the price recover.
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