Topic: I lost over 80k because i sold too early (newbie mistake) (Read 4418 times)
Those who are familiar with this market knows the potential earnings of this market and only those people get big rewards who have patience here. No one knows which coin go to the moon in just one day and maybe you have that coin in your portfolio. Patience is the key to success in this market.
Well, you were not able to predict the outcome and behavior of the coin, so don't blame yourself, a lot of people would have done the same, I would have sell with just a 35 percent profit only but it seems like you got more than that even though you decided sell early.
A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ per coin, but i decided to sell a couple of days after.
Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
Well, you must have wait until the price of the coin rise up. Maybe, you're just satisfied on the price of your coin that's why you sell it early. Well, it really depends on the person if they need the money atm or not.Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
If you sell too earlier it's not losses. Because of we can see case with price dumping and it would be a profit case. Lost profit is fake. We don't have such thing actually. It's legal fantasies only for much profit for lawsuit
Most of the investors statistically lose 90% of their initial capital in their first month. Of course it is bad to lose this money, but may be it helps you to earn much more in the future.
Yeah and I'm one of them. The first month I lost 70% of my investment when I joined the wrong time. And I did not have the patience to be able to hold it at that time, panicked and made a mistake A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ per coin, but i decided to sell a couple of days after.
Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
Well, you must have wait until the price of the coin rise up. Maybe, you're just satisfied on the price of your coin that's why you sell it early. Well, it really depends on the person if they need the money atm or not. Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
I also lost 10000$ when sold nano too early,i really regret but i know i can't do anything,it is my biggest mistake from i join in this market.so i decided i will not sell any coins or tokens too early.i will wait and hold for long time
A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ per coin, but i decided to sell a couple of days after.
Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
Haha fellow just look on the price of Zcalssic now ). You didn't lose your money, you just could earn more money, but you made the right decision because you never know where the price will go.
Most of the investors statistically lose 90% of their initial capital in their first month. Of course it is bad to lose this money, but may be it helps you to earn much more in the future.
Not the right word to say that you have experienced a loss, you just lose the opportunity to get profit, it is the initial stage for you to learn.
This is one of the most common mistakes we make when we lack the experience to guide us on the right path. Cryptocurrency sometimes can be very funny to me, you might sell a coin now and in the next few hours you see it mooning. That is crypto and its volatility. There are some decisions you just have to make if you really mean to succeed in this space. Well since you already sold it, that is gone already. You only sold at the price that suite you at that particular time.
Everyone will have a regretful experience (newbie) who missed the transaction. We only learn lessons from the transaction, accumulate experience, and grow.
That should be a lesson and not a downfall. Like myself when ever I received a coin or token, i usually hold and speculate the price in market. This is what will prompt for dump or hold. That should be a lesson and not a downfall. Like myself when ever I received a coin or token, i usually hold and speculate the price in market. This is what will prompt for dump or hold.
I scan your statements on however you lost over $80000, then i feel that however are you able to lose concerning 80k if you do not have any zClassic coins to sell? does one mean you lost or get regrets with? You already listed your coins and you do not have any losses in your funds, higher to assume 1st before posting some annoying topics. Then it ought to be a lesson for you to trade with patience.
it is good that you have learned this lesson, I hope to draw conclusions and next time will not rush with the sale, Yes you are right beginners are often wrong, but the best teacher is our experience.
At the moment, you do not often see such coins that give as much X as ZClassic gave. Conversely, I decided to hold the tokens and lost several thousand dollars. Here you can not guess what will fall, but what will grow.
By the way ZClassic is coin from this category - all who bought it higher than $6-7 are in loses now, and this mad grow was only a temporary pump. What was the reason for such price decreasing?
This is a very common mistake with almost all crypto users. The impatient attitude makes most of crypto users regret after selling a valuable coin at a cheap price. It is always smart to study the trend of a coin in order to know its performance on the market before considering on selling.
It's not a newbie mistake, nobody knows for sure what is going to happen in the next few years or in the next decade with the crypto world and what other regulations are going to happen.
I've lost a lot of money in crypto and learned many times new strategies, new things how not to lose money by selling lower but the market forces you sometimes to sell very low.
This is a very common mistake with almost all crypto users. The impatient attitude makes most of crypto users regret after selling a valuable coin at a cheap price. It is always smart to study the trend of a coin in order to know its performance on the market before considering on selling.
I bought a load of Ethereumdark for about $350 last year (directly from the "dev" via pm) and sold it for $10000 when price shot up but I could have made $80K if I'd sold at the peak.
Still made a decent profit but I feel genuinely bad for the bagholders who lost a lot of $
Still made a decent profit but I feel genuinely bad for the bagholders who lost a lot of $
I had BTC, I had ETC, I had ETH, i sold evrything really cheap compare of what it worth now, this is one of the difficult part of crypto trading, you have to assume your choices, don't look back, next time be patient, this post is also valable for me
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