Topic: I lost over 80k because i sold too early (newbie mistake) - page 42. (Read 4418 times)
I feel sorry for you, but we all live, we gain experience, and we learn not to make the same mistake.
By looking at the history we can tell anything. The problem is when it comes to real life it is much hard to predict about something. Specially about crypto. So don't think about it too much.
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..
Imagine how the people who bought bitcoin at $0.001 feel. Don't worry too much about it, thats simply how life works. Look on the brighter side, at least you gained some profits.
This is why i've learned that the best strategy in crypto is to just HODL forever until you really need the money (like in emergency situations).
It is very important to must know what is right time to sell and hold
It happens like that to many newbies. Panic sales. That is the only liability in crypo investment. No matter how low the price might fall, selling will be dangerous because the moment you sell, the price might start rising again and you will be at the losing end. But if you leave it, it is like a must for the price to always come back high no matter how low it might have gotten.
This is of course a great folly. But don't beat yourself up anymore for her. Did you know in advance that this could happen and deliberately refused? You shouldn't grieve over something that didn't depend on you.
There are always some opportunities you use and there are some you don’t. I always sell part of the coins ones I get good profit from them and I can keep the rest for some good time. That way I can’t blame myself later in neither way
Sell a part of you bag next time. Never go all in one coin and never sell everything that you have, always plan to average out by keeping price targets you sell at.
A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ 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..
You might have missed out on potential gains but you didn't lose anything. You still made money off of your trade. Just learn from your mistake. If you know you're holding something good, never sell all of it at once and you'll be fine.
Each of us has different experiences, thank you for sharing experiences here, this will be a concern for other colleagues.
Stay patient and make our bad experience to start the better plan in the days to come.
Personally, I have never experienced it.
I've always held more than two weeks for a new token because I think when a new token was listed in the market always requires price adjustment.
I will continue to observe the price movement so not to lose the good moment.
Maybe for several times, I ever experienced the price has started to fall when I sold it, but I still can get a small profit.
For me, every event always has a good impact.
Stay patient and make our bad experience to start the better plan in the days to come.
Personally, I have never experienced it.
I've always held more than two weeks for a new token because I think when a new token was listed in the market always requires price adjustment.
I will continue to observe the price movement so not to lose the good moment.
Maybe for several times, I ever experienced the price has started to fall when I sold it, but I still can get a small profit.
For me, every event always has a good impact.
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..
Don’t be too worried about your savings. Strategically cryptocurrencies from the top are growing and it is possible to get profit of them. So invest in Ethereum, Litecoin and Bitcoin Cash. These altcoins are better than any others. Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
I quite understand your point. But I have some questions about the actions you took. We're you particular about it to moon, did you watch it's growth daily, what was your basic aim to have sold at the time you did. You might have had a pressing need at the time. So I tell you do not blame yourself. Better days to come.
I believe not just every new people but for every people which involve in trade cryptocurrencies will make a mistake at one point or the other because of nobody perfect and we can make a mistake in anytime. but we also have a chance to fix the mistake and we can recover our lost if we really tried and there will be a way for us to still make a 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..
Almost every newbie experience that way. I remember XVG when I trade it at 6 sat to 20 sat in C-CEX and now it is already very high. I know that it has a potential but I diversify my fund to other altcoins and forgot to hold some XVG. Two weeks later zclassic mooned and i could make about 80k now.
i learned my lesson in the hard way..
This is a good lesson! I never sell all the coins.
even if the coin brought me a good profit, I sell only 70%, 30% is a long-term investment for several years. In this case, it is impossible to lose.
even if the coin brought me a good profit, I sell only 70%, 30% is a long-term investment for several years. In this case, it is impossible to lose.
Easy to say with hindsight, it could of easily gone the other way. Don't worry about it too much, if I monitored what happened to every coin I've sold it would drive me crazy.
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..
Well, in the case of Zclassic you did not really make any mistake, since the way they have managed to get this "mooning" was due to a sort of "dirty trick" by messing around their coin with a pseudo bitcoin fork or something like that, something that in my opinion has just been done in order to create a pretext for a massive pump and dump scheme. No real value added to the coin.
as says 1. my friend who works at the stock exchange is a typical rookie mistake. as the statistics of the study of the cryptocurrency market shows, most people are wrong. about 85% of folds lose their money. but now is the time to buy cryptocurrency again and make money on it.
Yes, I don't have enough patience. I have the same experience with you. I sold my cryptocurrency in advance and I got very little.
In such situations, the main thing is not to give up, but to gain valuable experience. Next time, do not succumb to global collapse, keep your coins to the end.
It is very important that when know when to sell when we buy coins. We should wait very patiently for the prices to go up as we wanted it to. We should not sell right away if we get bored of holding our coins, that will cause some regrets in the future. So be patient next time and let this be a lesson learned.
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