Topic: I lost half of my crypto amount! what to do? - page 86. (Read 10117 times)
you have to do is only hold until the price increases again, because I'm sure all altcoin prices will increase again as at the end of December 2017.
As long as you followed the rule of investing an amount that you can afford to consider lost, then there's nothing to worry about. If there's no need for you to turn the coins into fiat, then you have not lost anything. Just hold until the market goes up again.
That’s right you only lose when you sell and the most important idea involved in Crypto investing is that one must be in for the long haul. Short termist investing will only lead to loss but if it can stick it out
then you will be a winner. Is like planting seeds - keep on planting and watch them grow!
I think you invested your money to be billionaires in just 1-2 days and crypto market is not like that. First you have some goal and target how much you want to earn per month and if it achieved you should book profit and exit. In your case you been greedy and not booked profit and lost your capital too but now dont worry , wait some time and let come the market to bullish trend again for good profit and not sell your coins in loss.
Me too. I lost more than half of my crypto amount. I think many of us experience that too because most of the cryptos drops down its value this year. We should do is to wait, HODL and have patience until our cryptos goes up again.
it all depends on the quality of altcoins that you are holding really. Assuming that the the projects are good , then you wait for sometime. The market is beggining to move up and gearing for the second leg up. The market is gonna blast especially all the altcoins.. If the coins are medium to poor qualit of projects then u should consider moving the fujnds to quality of projects which are down right now. Reallocation of the portfolio is the key for making profits. Dont be emotionally attached to your coins
I think you should wait for a while because the times of the market rise very soon I think you will get most of the damage out of it then you can use it
The market began to accumulate itself. do not settle. do not be impatient. the key to this job is patience. wait and see the old values and even the values you buy will pass. 
Nothing to do just hold until your price or the value come. If, you want to invest more then choose some other coin now which are now at an attractive price. Invest in TFL and CAPP.
I think the price is not a good benchmark if you want to get the most profit, you can see how good the team handles it and what concept they offer
Common mistake also of my friend was not to convert some of his token in to money last December, his $140000 become $24400 but he want to hold it until the market will recover again to gain more before cashing out some amount.
you are not alone. just hold unless you really need the $$$ and wait. eventually it will come back
We did not lose our money until we sold our coins. Therefore, we just need to keep our coins and wait for a new wave of growth. I think that we have to wait for the wave of growth not very long.
you are not alone. just hold unless you really need the $$$ and wait. eventually it will come back
What sound does Crypto make when getting flushed down the toilet?
Hodl, hodl, hodl. Gone.
If the original poster should have/would have sold some (or all) when he originally posted this he would be so, so far better off. I've seen it time and time again in other markets. A trader/investor has a feeling that they should do something, like sell, and instead they freeze. The moment this trader questioned himself, so much that he posted a comment here asking advise, he should have sold at least half his holdings.
He knew it, just couldn't do it.
And to all you hodl mined traders, you've been on the wrong strategy. Time to change your plan of action.
Hodl, hodl, hodl. Gone.
If the original poster should have/would have sold some (or all) when he originally posted this he would be so, so far better off. I've seen it time and time again in other markets. A trader/investor has a feeling that they should do something, like sell, and instead they freeze. The moment this trader questioned himself, so much that he posted a comment here asking advise, he should have sold at least half his holdings.
He knew it, just couldn't do it.
And to all you hodl mined traders, you've been on the wrong strategy. Time to change your plan of action.
Bitcoin - Headed a lot lower, back to the Mean
Like a lot of people on this Forum, I'm in pain right now. My gains and profits are now turning into losses - capital is vanishing, melting, gone away. And it's going to get worse. I like reading the post here, it's a good community. BUT, lots of people are going to learn a hard lesson if they are trading like they say in their posts.
I've been trading markets for 35 years - as a job - and yep, I'm an old dude. I am still a trader and an accountant for a mid-size company; stocks, bonds, funds, options, futures, forwards, and a lot of currencies (thank god we aren't in Crypto-investments at work too).
Last year was seductive, I was doing well in all the markets (equity, debt, and crypto) - 'halcyon days'. Last year, I had profits in Crypto, I was even buying into "it will be different this time." But this year, I now have "unrealized" losses with some serious % numbers next to them. And I'm, from what I read, I'm not alone.
There are unavoidable Truths coming, if not already here. Lots of, if not most, people will lose in Crypto/Bitcoin investing. It’s just the way of the market. Holding to the end is a sure fire way to lose. Stepping up, ending a trade that’s losing money is so, so hard to do. But right now, it’s the only right answer. Save your capital, fight another day.
Good luck
The King Fisher and Wicked Pigeon
The classics never die.. they just find new markets.
From Jean-Paul Rodrigue (2017)
Bubbles can be very damaging, especially for those who arrived late with the hope of getting something for nothing. Even if they are inflationary events, the outcome of a bubble’s blow off is very deflationary as large quantities of capital vanish in the wave of bankruptcies and financial defaults they trigger. Historically, they tended to be far in-between, but the scale and amplitude of bubbles has accelerated; web/technology stocks (deflated in 2000), real estate (deflated in 2006), commodities (deflated in 2008) and crypto-currencies such as Bitcoin (deflated in 2018).
Like a lot of people on this Forum, I'm in pain right now. My gains and profits are now turning into losses - capital is vanishing, melting, gone away. And it's going to get worse. I like reading the post here, it's a good community. BUT, lots of people are going to learn a hard lesson if they are trading like they say in their posts.
I've been trading markets for 35 years - as a job - and yep, I'm an old dude. I am still a trader and an accountant for a mid-size company; stocks, bonds, funds, options, futures, forwards, and a lot of currencies (thank god we aren't in Crypto-investments at work too).
Last year was seductive, I was doing well in all the markets (equity, debt, and crypto) - 'halcyon days'. Last year, I had profits in Crypto, I was even buying into "it will be different this time." But this year, I now have "unrealized" losses with some serious % numbers next to them. And I'm, from what I read, I'm not alone.
There are unavoidable Truths coming, if not already here. Lots of, if not most, people will lose in Crypto/Bitcoin investing. It’s just the way of the market. Holding to the end is a sure fire way to lose. Stepping up, ending a trade that’s losing money is so, so hard to do. But right now, it’s the only right answer. Save your capital, fight another day.
Good luck
The King Fisher and Wicked Pigeon
The classics never die.. they just find new markets.
From Jean-Paul Rodrigue (2017)
Bubbles can be very damaging, especially for those who arrived late with the hope of getting something for nothing. Even if they are inflationary events, the outcome of a bubble’s blow off is very deflationary as large quantities of capital vanish in the wave of bankruptcies and financial defaults they trigger. Historically, they tended to be far in-between, but the scale and amplitude of bubbles has accelerated; web/technology stocks (deflated in 2000), real estate (deflated in 2006), commodities (deflated in 2008) and crypto-currencies such as Bitcoin (deflated in 2018).
I think you only got coned because you may have been too greedy. I usually tell people around me that the crypto business of a thing is a volatile in which no one should all of their lives on.
It is not only you, many investors have suffered during this slump period. At present, they don't have much options. The best thing to do is to hold whatever coins you have got and wait till the market recovers. In the meantime, concentrate on participating bounties.
This is absolute truth. In market like that everybody is losing money, except the whales who control it and sold on higher prices.
The best you can do is hold and wait for better times.
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?
Fomo is what we all do when we enter first time in crypto
so you need to chill and relax things will go back up. All you need is to do HODL you will recover with profit
To the mooon together
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?
my advice, you should keep waiting and never pull it all before you make a profit because I am sure the market will recover soon and it will be better if you still have other capital I think you can try investing in ico. 
Do you know that I lost how much money over couple of months, not only by crypto but also dollar/national money ratio. Global economy is very weirdly disappointing and crypto is no different. I think its best to keep holding your alts.
It is not only you, many investors have suffered during this slump period. At present, they don't have much options. The best thing to do is to hold whatever coins you have got and wait till the market recovers. In the meantime, concentrate on participating bounties.
It seems that all the investors are facing this situation, even my self also in same situation. Risk will be involved little bit high in cryptocurrency, just hold till your returns get back. Be confident.
First FOMO is a common mistake of the new folks in our community,second you made a common mistake,third you shouldnt blame yourself because most of the people here have done that,fourth you should know how to effectively pick good altcoins with these bunch of shitty coins out there,lastly do a lot of research before investing to any coin because investing blindly is worst than donating your money to charity because 95% of the coins in the market are shitcoins,spending a lot of time doing research could have saved you.
Agreed. You should have researched and study the charts to determine whether is it a good time to buy or not. The things, you should enter trading by not just solely relying on luck or to your emotions or listening to what other people said. You should know yourself what you are entering. There are a lot of FOMO as you say which will bring you to your downfall, losses. I hope the OP learned its mistake then did something about it. Often times, people knew the mistakes they made but still they continue to do it which is quiet the trouble and incorrect. Jump to: