Topic: I lost over 80k because i sold too early (newbie mistake) - page 49. (Read 4418 times)
Many people regret that they have missed higher income for selling too early. Maybe you have learned some experience so that next time you can try to be patient. Selling is because you don't have confidence in it, so there is no regrets. You should try to understand as much as you can while investing.
Yes, its a general feeling that if the person has lost the opportunity to make such a big amount, then it does feel very sad. Its good that he posted this so some others can be more careful and see if they also can make good profit by studying the market and predicting such an event. Because, its Money people..!! Money.
Once I lost 10 thousand and it was for me a serious loss, now I'm just recovering. Although, it’s an experience, so I wish u not to have such mistakes!
It is true that holding is the safest and best step to take when trading. Kareba this happens usually for us beginners because we have not been able to understand the volatility of cryptocurrency, with my friends almost selling my investment to cut my losses and move to a good thing altcoin new I refused my impulse to sell it and see how the market turns green
You didn't lose anything. you only had the chance to make more profit had it been u didn't sell. Now this experience will make you a lil bit patient before you sell off a coin next time...am sure you won't make this same mistake another time. You become wiser when you make mistakes.
I am interested in this topic. It tell us the experience is the best teacher. I ever did like what you do. I influences 'panic sell' virus long time ago.
We are sorry for your loss,but dont be sad,this will serve as your experience and you shouldnt do the same mistake in the future look for the good part you now know that holding would be the best choice so you can maximize your trades by waiting for sometime,check always the fundamentals so you wont be suprised if a coin skyrockets!
I may have the same situation, i have a token which can grow 10 times or more. I'm waiting for a certain price and i'll start selling a little bit because it can also fall.
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You sold at a time that is "best" based on your calculated profit that time. From my point of view, you didn't lose $80k, it's more of a missed opportunity to make it. If anything, you can chalk this up to experience since there isn't so much (read:nothing) you can do to reverse this. Still, I think you made a considerable profit during the time you sold your zclassics, not as much, but still made a profit.
from that story, I think he can make a profit because I am sure that even if he sold in the next couple of days, he still makes those profit although the profit is not too big. but if he can hold it for a while, he will make a big profit but unfortunately, it's already happening and don't regret it and makes this as his lesson so in the future, he can make a big profit.
You sold at a time that is "best" based on your calculated profit that time. From my point of view, you didn't lose $80k, it's more of a missed opportunity to make it. If anything, you can chalk this up to experience since there isn't so much (read:nothing) you can do to reverse this. Still, I think you made a considerable profit during the time you sold your zclassics, not as much, but still made a profit.
In order to avoid such situations, you need to study technical analysis. On the cryptocurrency, it works in conjunction with fundamental analysis. It is necessary to follow the project and the news.
Yes, in this case, the main patience, sometimes six months have to wait for the price of the coin to grow, and only then you need to sell as soon as the recession begins.
In this case, there is nothing terrible. But you have not lost your money, but on the contrary, you may have increased them. Therefore, rejoice and buy again.
One of the issue I have with some people is that they think they can ride the market to the top and bottom, it is not possible, when you make profit good, not come here saying you miss out on certain amount of money, if the token dump he would be saying thank God he sold his tokens early
You never lose as long as you have profit from your investment. We know that the market is not stable we don't know when it drops and ups. For that what happen from you, it is a lesson from our mistakes sometimes we decide earlier without double checking what the outcomes.
This is pretty normal in crypto market, many people regretted about not holding their coins during bull run. Pick yourself up and find other coins for investment.
A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ 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're not the only one. everyone was selling too early. but you have not lost 80k. you just missed the opportunity to earn 80k. it is two big differences. if would have invested 90k, and after sales received 10K, then here would you lost 80k. no one knows what coin has a good long term. be patient, do not rush to sell, and you will get a good profit.
Your idea is not correct. You could have made more money, but you just made less money. This is not your real loss.
I think that making less money does not mean losing. Please understand this.
I think that making less money does not mean losing. Please understand this.
you should be grateful you made some profits atlest, we seen cases where you buy a coin @ $4 and the next minute it drops to $0.01. thats crypto for you. it could go either way
Well, you didn’t lost the $80,000. In fact, you are losing the opportunity to make $80,000 profit. Don’t be too hard on yourself, nobody knows when will the price increase. However, you might want to be more patient in your next trades. Weak hands usually make you lost more than you gain.
What's the lesson actually? Maybe at this moment it was right decision to sell. Also what would you say if it lose value?
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