Topic: I lost over 80k because i sold too early (newbie mistake) - page 34. (Read 4418 times)
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.
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
I will keep holding until I think it's enough for me or the price keep falling drastically. But do not be too greedy because it can bring havoc. Just stop when you think it's enough but never quick satisfied.
These are terrible mistakes, which unfortunately we all do when we are newcomers, so now we need to tell this to new forum participants and new participants in the crypto-currency world.
The cryptocurrency trading are not for someone who can not take risk. the price of crypto is very volatile and price movement can be very fast sometime compare to the traditional stock exchange where stock price movement is slow
if you sell it for more than 2 $ thats mean you havent lose stop looking back when you make a deal you make it dont say i couold earx xxxx $ cuz thats will make you lose your money
Save it in your memory, remember, and find another chance to get it back. Some coins/tokens will always have good move and can give us a lot of profit. There's no day to depress, just move on and try it again.
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..
I have experienced what you have been through buddy and we should take that as a lesson and we should try our best not to make that the same mistake again. Losing the opportunity to earn more in a certain coin is a rampant experience that everybody here could share. Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
you will never guess the maximum price. and so you should not be upset. you made a profit anyway.
Selling too early or too late happens to everyone. Don't let it bug you too much. There's plenty of opportunities to come, remember crypto is still fairly new. Hindsight can sometimes be a pain in the butt.
It seems to me that everything is not so bad, he's just depressed because of missed opportunities but the practice is ok: he has purchased and sold getting profit. There are rare ideal purchases and sales! There is nothing to be worried about.
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..
This is a typical story for cryptocurrency market. What sort of experience have you got after such mistakes? What coins do you keep? How much money have you already made? It's very interesting!
I was the other way around. I sold it too late because I expected the price to go even higher. I thought it happens to many. The main thing is not to lose faith in the crypt.
It was part of the business, now you have a lesson so that in the next time same scenario happen you will now know what will be your good strategy in order to avoid losses.
People make mistakes when they see profits, and they sell everything. Take a look at its potential for growth. Try to keep Altcoin potentially in the long run as this is necessary. You should only sell them when the market goes down, after a fall you can buy at a lower price.
Some coins make incredible price increase after hitting new big volume exchanges. In some actions like this, we cannot predict if we should hold or sell those coins. Like this person, some people missed big opportunities.
You have learned your lessons,always check both technical and fundamentals so you can be sure that you will not miss any opportunity in the future.I have been in that situation so i know i feeling of losing big opportunities.
You wouldn't know it at that time. You just decided what's best for the coins you have. We cant say you hold that coin before and it will rocket high its value the next few months. Just let it go. And may other coins we have will higher its value at the right time we still have it 
People make mistakes when they see profits, and they sell everything. Take a look at its potential for growth. Try to keep Altcoin potentially in the long run as this is necessary. You should only sell them when the market goes down, after a fall you can buy at a lower price.
Because of the fall of the market, I also want to sell many coins now, because I'm afraid that the losses will be even greater.
If you don't sell your altcoins in time, and the market is now in red, you will face huge losses. Sometimes we should not be too concerned about short-term gains and losses. We should see the huge potential of cryptocurrencies, and the end of 2018 is still worth our expected.
This is the standard error that the majority made in the crypt. I think that you can avoid them, but everything comes with experience.
Jump to: