Topic: I lost over 80k because i sold too early (newbie mistake) - page 19. (Read 4418 times)
Any experience, even a bad one, is an experience . next time, you'll be smarter and more patient . You've learned a good lesson . In addition, many have made this mistake more than once
its an normal mistakes mate, sometime you are keep on holding some coins and thinking it will pump but going down and down, sometimes you sell your coin you think that the price is ok but it will pump to the moon. my advice is try to do some research about your holdings first before you let them go.
On the contrary, you have not lost, but slightly increased your capital,it is better to fix a profit than to buy at a height, and wait a year later to sell coins.
I have also had similar experience with some coins i bought. I sold too early and right in my presence, these coins were mooning. I could not buy back,because i knew i would not have enough coins i had initially. I also learnt a big lesson here.
The way i see it, you have not lost anything, instead gained a valuable lesson, multiplying it manifold by teaching many more by sharing it here, thank you!
In order to avoid such situations, you need to study technical analysis. On the cryptocurrency, it works in conjunction with fundamental analysis. It is necessary to follow the project and the news.
It's okay my friend, everyone has their own mistake and you just made one, stand up after your mistake is the most important thing, so just forget about it, get that experience and do things better next time.
We can not exactly guess what coins will grow and which ones will fall. But every time we make a mistake or get success, we gain a useful experience. And this leads us to wealth.
To avoid sell early when the price of crypto moon shot is for the better use function of sell stop and trailing stop, this is good strategies to maximize the profit because we can not predict accurate until which level the price to go, so by use function of sell stop we can make better profit.
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..
very good, you can motivate the other members with your experience and hard work. all would want to succeed with crypto and it can not be obtained easily. requires the technique of trading, the experience is not for a while and work hard, I think what you do is very good. Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
It's a tough pill to swallow but it is not just you that sold too early and missed out on a fortune. Imagine all those early miners who sold thousands of bitcoins for peanuts because no-one knew that one day it would be worth $20k. Those people must be kicking themselves!
Yes. Many people does same mistake, but there also another mistake, when people too greedy and miss opportunity to sell, like I did. It's sucks a lot 
It all depends on yourself. In this cryptocurrencies, the one who have strong hand is the winner. Well, roughly said you should hold longer than anyone else until you satisfied with the prices or need the money. It is hard to apply though, but yeah. Common motto : who knows that it will happend. Still believe in yourself and goodluck.
please do not blame yourself for such mistake your not in control. all of us here, do not know the movement of price in the market. i am a holder, sometimes in march i hold the coin because i thought it will still go up. that time, i already gain X4 of my capital but i was not contented, i stll hold because i thought it has still a room for price increase. suddenly it does down until such time i can no longer sell my coin because i already loss almost half of my capital.. today the coin is still in my wallet waiting again for the right time.
A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ 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..
And what is this lesson? Tell me.Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
It's market. There are no simple rules.
You think you're out of luck. But it could happen the opposite.If you had left the coins, they would have been worth 10 times less in 5 days..
I think you need more patience and wait. The investment is so, you never know the future in advance so please accept the decision that you made. It is also a lesson to remember for you
A topic next to yours was: the patience is the key and I agree with this phrase. People should know that crypto Is becoming popular more and more and selling crypto before an aroption is a bad move.
To invest in the encryption market, I think the most important thing is to have enough patience. Encryption market instability requires more patience. Maybe you have sold your cryptocurrency today and it will rise a lot tomorrow.
Stupid saying, say what you lost, when you did not go into minus from your purchased. It would be sad if you bought $ 2, and sold at $ 0.1. Then you could say that you lost.
The usual psychology when investing in any field where prices fall sharply, we often worry to give up and will sell cheap. Then the price increases, we regret it. That is really wrong. Success must be calm and broad-minded in many directions for the best solution.
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