Pages:
Author

Topic: I lost money on the market drop. What should I do? (Read 281 times)

newbie
Activity: 14
Merit: 0
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   

Just hold. I've also been loosing money but it's just a opporunity to get more DIVI for me.

Divi will be easy money soon Smiley
member
Activity: 392
Merit: 10
Ccfound
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?    

Why dont you do DCA ? DCA is the best option in this market condition. You will not lost if you did not sell. Or do you use future ? If you use future trade in this market situation you will probably lose your money even more. Buy and hold good coin/token with good fundamental development.

Lose on your portofolio is and unreal lose if you did not sell your coin.
sr. member
Activity: 1610
Merit: 264
It's not a loss, until you sell your Bitcoin.
You sold, didn't you? Don't panic there, and don't FOMO at the same time.

~
This is me like couple years ago. I always refresh BTC to USD conversion every 5 minutes expecting something to happen.
Like what the hell was I doing? Long-term holder checking the price every 5 minutes? What? Cheesy


hero member
Activity: 2044
Merit: 784
Leading Crypto Sports Betting & Casino Platform
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?    
In crypto universe there isn't any way to avoid risks like this or to bear lower risks. When investing in crypto currency you have to take all the risks and accept the consequences.
As this market is very volatile, you should never invest thinking in short run profits, because sometimes it will take months or years until you are able to cash-out profits. I see you started your investment very well, because you picked the right coin (bitcoin). You just need to be more patient and don't desperate yourself after a fall in price next time. Buy bitcoin again and keep holding.

Remember many people bought bitcoin for 19,000$ years ago and had to hold it for few years until they could sell it for 64,000$ this year, during the last ATH.
Conclusion: the profit isn't overnight like some people say on the internet.
full member
Activity: 490
Merit: 107
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   

You play on future and got liquidated or just got temporary loss because of the price below your buying price?
If you hodl on spot, you can hodl it as long as you can, market could recovery in the future. Meanwhile, you can averaging down your buying price when the dips come.
legendary
Activity: 2688
Merit: 1192
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   

One thing you will learn through many years of investing or life in general, is that sometimes you need to cut your losses. You are faced with two possibilities right now: Either eat your loss and accept that the money is gone, which means you should probably stay out of the cryptocurrency market in future. Alternatively, if you think that your crypto asset will recover in future you can hold on to it - but you have to face the uncertainty every day that it could fall even further in future, personally I prefer to do without that sort of stress in this highly volatile asset class. One of the first rules of investing is you should not put in more money than you can afford to lose and that is often overlooked by many people to their detriment.
hero member
Activity: 1498
Merit: 502
👉bit.ly/3QXp3oh | 🔥 Ultimate Launc
If you have not sold your altcoins or bitcoins In this dip . Then you are not in loss because bullish market will be soon and all the altcoins will be back to their positions. If you have sold your crypto then you should invest in good coins which can recover your loss. I will suggest you ADA, Matic, Eth , BNB they are most amazing and trending altcoins and good for investment.
legendary
Activity: 2422
Merit: 1083
Leading Crypto Sports Betting & Casino Platform
There's a saying in crypto that "you don't loose until you sell" , so this is to say that as long as you are still holding your asset, they will come back up, all you got to do is be patience and hold, but if you have sold, then am sorry, but you actually made a mistake, you shouldn't have panic sold, Bitcoin you said is the reason for your loss have been going up lately, it even back up to 40k$ today which confirms that the dip it encountered of recent was nothing but a major correction, the  bull market is expected to last till November this year, so there's definitely still a good opportunity out there to recover whatever you or any body feel they've lost, all you got to do is look for the right coin/project to invest in.
legendary
Activity: 3654
Merit: 1165
www.Crypto.Games: Multiple coins, multiple games
I would love to tell OP that he didn't lose money because bitcoin went down, technically nobody lost money because bitcoin went down, you lose money because you sell when it goes down, if you do not sell and if you wait then you can make a profit. That's my mindset, I do not care about drops and for that matter I do not care about the increases neither, I just ignore the price and continue with what I do, which is holding my bitcoins.

If you really want low risk then you should ignore the price and do not check it every five minutes, if you check the price constantly and do trades because of it then you will end up with a loss. This is why I think there is no reason why you should sell right now unless you absolutely need money. If you want less risk just go buy gold, because bitcoin will go down and up constantly
hero member
Activity: 2814
Merit: 734
Bitcoin is GOD
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   
That is where you got it wrong, you did not lost money because bitcoin went down in price, you lost money because of your own decisions, now you are looking for an asset to invest in which there is no risk, let me tell you that such a thing does not exist and you are never going to find it.

Now if you want to lower your risk this can be done but it has to do with the portion of the capital that you use on each trade, the solution is simple reduce the amount of capital that you use on your trades and in the case you happen to lose you will lose less money, it is quite simple and yet this is not something many people like to do as this reduces their profits as well.
member
Activity: 924
Merit: 11
If you sold your cryptocurrency to yourself in the red, then you do not believe in it, and why invest in what you do not believe. I keep 85% of my money in bitcoins and the other 15% in altcoins. I believe that by the end of 2021, bitcoin will cost $ 100,000, and all altcoins will also rise in price. That's why I don't sell but buy more ..
sr. member
Activity: 2422
Merit: 357
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   
Just keep buying during the dip price and don't panic every time you see a big drop, its part of the market trend and in cryptocurrency everything is risky. If you sell already at a big loss, that's fine because you can't revert it anymore and all you have to do is to learn from that experience. Go for the top choice always and if you are still holding with Bitcoin much better, good coins always have a lower risk in long term, you just need to know when to buy those good coins.  
legendary
Activity: 1946
Merit: 1026
In Search of Incredible
You haven't lost anything if you didn't sell. If you're too scared just HODL. You'll see the profit.
Right, but these type of investors won't hold their crypto who become afraid of FUD. If ‘OP’ has sold his btc in loss then he should buy again with a plan of long term holding. It's not late yet to enter again. Every crypto price is volatile and people suggests to invest in bitcoin as a safe place. In order to reduce the risk, OP shouldn't invest all of his money at a single time. Invest your money in part by part at different price point. Also avoid being panicked.
sr. member
Activity: 1722
Merit: 269
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   

Do you own bitcoin? If yes have you alrady sold your bitcoin? If no then i would just hodl them because you have only lost your money if you sell them. Just hodl them until they are above the price range where you bought them. This will be the case sooner or later. I hope you don't need to sell because you need the money, but this would be also your fault because you should only invest money into cryptos that you can afford to lose because the crypto market is so unstable. If you own a lot of those meme coins though that came up withing the last weeks and months then i don't have much hope that you will get your money back because most of those projects are already dying.
sr. member
Activity: 574
Merit: 250
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?    
We won't get the real taste of cryptocurrency until you fall in the big dip. Running dip is very compared to the next pump. If you can afford more money to invest, I will suggest doing that because a low price isn't available all the time. But if your research isn't better than holding what you have, fix your sell target and don't panic sell. Can share a good plan if you share your token name.
hero member
Activity: 1302
Merit: 503
The big question here is what coin did you bought with your money, if you ride on the shitcoins then it will be the end of it, but if you bought coins let's say the top 20 coins, my suggestion is not to sell it, it will recover, keeping your coin is what you need to do, and wait for the reversal trend up, most people sold their token if the price drop, I think this is applicable to shitcoins, but those who have a use case, there is a high chance that if your coin goes down, it will rally back.
- When shitcoins fall into a bearish process, the counter-trend is extremely weak and most of the time, they won't have a strong or rigid resistance level, the players are very weak and shy here and a stop loss action should be the solution, Shiba coin is a similar form and many people's accounts have been transformed and disfigured with this shitcoin investment plan. Altcoin top has many choices with different solutions, wait for a reversal as you say or combine buying more to create average prices, very soon our money will turn positive
full member
Activity: 910
Merit: 100
there is nothing you have to do, you just have to HOLD until your money is back,
or you can buy back the coins you have, indeed so far the price of Bitcoin is still down 40% from ATH and many Altcoins have not recovered,
be wise to trade, don't let you hit fomo, and stay careful, of course dont greedy!
legendary
Activity: 2688
Merit: 3983
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   
You did not lose it, the only loss is when you decide to sell. If you did, you should learn that the cryptocurrency market is volatile, and you must be confident that the price will return to that top again, but the question is when?
There is nothing safe, so if you want zero fluctuations then use stable currencies, but then you will not achieve profits.
As for some safe strategies, they are DAC where you buy a certain amount of Bitcoin whenever you have a surplus of money at a fixed time and for long periods.
hero member
Activity: 2912
Merit: 556
Enterapp Pre-Sale Live - bit.ly/3UrMCWI
I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?   
I guess you buy bitcoin or altcoin at a high price, so now you lose that value money. If you don't have more money, you don't have to sell the coin, but you need to hold for more because the market will recover soon. So when the market recovers and increases the higher pass of your bought price, your valuable investment will increase and profit. This time, you need more patience because we don't know when the price can increase.

If you have more money, you can buy back Bitcoin at the current price because it is at a low price and good to buy. Or you can wait for a while to see what will happen to bitcoin so you can decide later.
legendary
Activity: 2716
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
It's all just a matter of time, all cryptocurrency prices will experience price increases beyond the ATH that was just reached yesterday. We all don't need to panic in welcoming this bloody moment, stay relaxed.

Has this incident happened before? Of course, yes. We people have experienced something similar and it all started in China.
In 2017, China did ban ICOs we all know that ICO moment was the most profitable investment at that time before many scammers came along.

And now, China is carrying out a ban on several cryptocurrency powers which of course makes everyone sell their respective Crypto assets out of panic.
Pages:
Jump to: