Topic: I lost money on the market drop. What should I do? - page 2. (Read 281 times)
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 a correction occurs the major item is a decrease in the estimated value of our profit, now what should we do to maintain and find other fresh funds to increase the amount of profit value (if there is still any) and correction is normal condition.
For the selection of coins/tokens, you can look for coins or tokens that have strong and fast rebound also fundamentalists, such as BNB. Besides having many users and having several excellent features, support from the CEO is also when certain moments make BNB have its own positive value in the user's eyes.
For the selection of coins/tokens, you can look for coins or tokens that have strong and fast rebound also fundamentalists, such as BNB. Besides having many users and having several excellent features, support from the CEO is also when certain moments make BNB have its own positive value in the user's eyes.
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?
Don't put up all your eggs in one basket and never invest what you couldn't afford to lose,I think it is all that we need to do in order to lessen the risk,
Try to recover those money by trading again and learn from your mistake.
Spread out your investment don't just rely on Bitcoin you should try to have more crypto so if it sinks down there is a chance that your other asset could save you up.
Never to invest without proper knowledge about the investment that you are entering, most of the time people
who enter this market without knowing what are the risk behind are those who lost their money,
The chance that they are going to buy when fomos are there and sell when fuds are dominating the market.
And then, it's best to split your money while you are inside this market, take time to search for good projects that
will allow you to recover your losses.
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?
Don't put up all your eggs in one basket and never invest what you couldn't afford to lose,I think it is all that we need to do in order to lessen the risk,
Try to recover those money by trading again and learn from your mistake.
Spread out your investment don't just rely on Bitcoin you should try to have more crypto so if it sinks down there is a chance that your other asset could save you up.
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For you, there is no other option but to analyze your mistake and re-top up your balance, start over.
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Just buy again during the dip and chose the coin that is strong and profitable in future.
Thanks guys i will analyze and create new strategy
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?
IMO, I think if you are not sold your holdings yet you will not lose any at the moment because there was always a chance that bitcoin might be going up again in a short period of time who knows just remember that we are here in the crypto industry and anything can happen over time, only the value in US$ was demised but as long as the Bitcoin was still intact in your wallet I believe you have always a chance to recover. just believe mate.
the focus has you cut your losses? or you still have your assets that are losing money?
to be honest you are brave enough for a beginner to put in your big bucks when the market is at its peak. and that's the risk, I'm sure you already know before you put your money.
If you are already CL, I think you can put your money in altcoins with a short-term asset estimate. I also used to do it for day trading. loss with one asset so I will move the money in another asset and look for other fortunes.
to be honest you are brave enough for a beginner to put in your big bucks when the market is at its peak. and that's the risk, I'm sure you already know before you put your money.
If you are already CL, I think you can put your money in altcoins with a short-term asset estimate. I also used to do it for day trading. loss with one asset so I will move the money in another asset and look for other fortunes.
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?
what you can do is if you hold BITCOIN you should hold it because the decline in BITCOIN will definitely occur towards the end of the year and will come back again at the beginning of the year, it is better if you hold it, don't let it go too quickly, and if you have more of your funds can invest in other altcoins, look for the 10 to 20 best from the coinmarketplace. may be useful.
You haven't lost anything if you didn't sell. If you're too scared just HODL. You'll see the profit.
Dollar cost average during drops. It's the best thing you can do, but only invest koney you can afford to lose... if you can't afford to lose that money, just don't invest!
Bitcoin is VERY risky. Especially for newbies or emotionally-driven traders.
Bitcoin is VERY risky. Especially for newbies or emotionally-driven traders.
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have you sold the coins already?
Yes i amBitcoin is still trading at sub-40K levels and you should not waste much time and buy back your coins (probably at a loss). I don't know which coins you were holding, but the alts went down on average by 40%-50% and that means that you will incur a higher loss if you buy them back. Anyway, don't get disheartened. Take this as a lesson. During my initial days (in 2012), I also did several mistakes with my coins. It's all part of life and I hope you will be in profit very soon. BTW, there is no point in regretting about past mistakes.. treat them as valuable lessons.
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?
The question is did you cut to lose your investment? if you were doing it and then you have been losing your money but if you have not cut loss your investment and then you lose nothing dude. Just hodl your asset until the price will recover again. The crypto market is very fluctuating at this moment.
You can try to invest in the major coin but remember that if volatility can't be avoided. You must have dealt with the risk in the market.
So many people have been facing the same thing as you and you are not one who has been losing due to the bearish trend., I have been losing my money as well.
you have to be realistic in the long term, be patient to avoid losses. but if you're willing to stop loss then looking for your luck in altcoins can be one way out and it's not something too bad
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have you sold the coins already?
Yes i am
It's a wrong timing and a bad decision my friend. You have to be more patient in holding gems however you have to move on from what happened on your first trading and serve it as a learning process for that is how risky dealing with market correction. Just buy again during the dip and chose the coin that is strong and profitable in future.
The coin which has the lowest risk is Bitcoin. So if you are looking for a coin on that basis alone, then look no further as Bitcoin is the safest coin you can invest in. But if you are going to add some altcoins which have also lower risks then don't look for low market cap, unpopular, and potentially promising coins. Just go for those that have already made a name in crypto through all these years. Ethereum (ETH) is a good choice.
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have you sold the coins already?
Yes i am
This was the wrong decision, but such errors are inherent in beginners who are afraid of the dump. For you, there is no other option but to analyze your mistake and re-top up your balance, start over. This market will still give you a chance to get back what you lost while following your trading strategy.
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?
Did you sold your coins, or are you saying that the portfolio is down in terms of fiat? If it is the first case, then you can only blame yourself. There are hundreds of threads here in this forum, warning the users not to indulge in panic selling. If you sold your coins despite all these warnings, then there is hardly anything we could do about it. If it is the second case, then there is no need to get rattled. We'll be back to the previous levels in a month or two, and the basics are still strong. Just need to sit tight.
If you just seeking some stable investment that's not gonna make you losing any money then maybe the best investment for you is just to stake stablecoin and wait until it somehow make your money grow and let you recover your loss.
If you are asking which altcoin gonna bring you enormous profit it recover your lost instantly then no one know. tbh, there's also yield farming that could gives big return but the volatility is what stopping most of people, maybe you can try that way but remember it has the risk of making you lose your money due to volatility.
If you are asking which altcoin gonna bring you enormous profit it recover your lost instantly then no one know. tbh, there's also yield farming that could gives big return but the volatility is what stopping most of people, maybe you can try that way but remember it has the risk of making you lose your money due to volatility.
There are great opportunities for daily business transactions in the market right now. It is very easy to catch coins that will bring 50% profit in a day. The most important thing here is to be in the right timing. I think we should make good use of this scattered state of the market 
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 lost? have you sold the coins already? because if not then you are still not losing anything but just the value.Keep the risk market is developing now , it almost breaking 40k now so in the soonest time it will come back to 50k so keep it mate and chill.
Right, if you did not sell it then no need to worry about losing your money. It is only the value that change, but you can still hold it until the value will return to the amount you wanted or going higher and higher. What matters is your trust and awareness in every changes of price in the market.
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