Topic: I lost over 80k because i sold too early (newbie mistake) - page 56. (Read 4418 times)
I wouldn't really say you lost 80k there. It's more like you missed an opportunity to make it. Looking at your story, you sold your coins and that tells me you saw that it was the "best" time to sell for the profit. Safe to say, you got your profit. In that time, you did what you thought was right given the circumstances. At any rate, you earned some and that's good. Don't feel too bad about it because I believe we'll made the same decision at one point or another.
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..
LOL first nothing was lost, during that time no one knows that the price will sky rocket. It is disappointing but just move on. Actually the real lesson here is when you did not rebuy the coins when the price was moving. Two weeks is a lot of time to read the chart.
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..
I congratulate you, you have not lost your capital. But I want to advise you not to regret your actions. If you sold a coin, then you thought that this decision is the right one. But now you can form your investment portfolio for a long time. After all, you already know that crypto grows well.
How can you say you lost $80,000 when you didn't have any Zclassic when the price spiked? You didn't lose anything.
That's like saying you lost $50,000,000 because you didn't buy a lottery ticket that might have won.
In any case, there are plenty of other moonshot opportunities, just invest $500 each into the top 10 promising candidates, you only need one to succeed to recoup your investment and more.
Agree with you , he don't lost anything and it's not a losses, you already earn profit when you sold the tokens , how about I said that I lost 1M because I own 100 Bitcoin but sold at $1000, but price right now is $10000, you can said that regret to sold your tokens early but not lost xxx amount $$$ That's like saying you lost $50,000,000 because you didn't buy a lottery ticket that might have won.
In any case, there are plenty of other moonshot opportunities, just invest $500 each into the top 10 promising candidates, you only need one to succeed to recoup your investment and more.
shit happens 
believe me almost all of us already experienced very similar issues. but crypto market is still new and there will be many more opportunities in the future. The worst thing you can do is stop checking other opportunities and complain about past.
believe me almost all of us already experienced very similar issues. but crypto market is still new and there will be many more opportunities in the future. The worst thing you can do is stop checking other opportunities and complain about past. A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ 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..
Panic selling is the worst thing to do and a panic seller is the worst character of every Crypto holder.
Thanks to my full-time job that could provide my family's daily needs, and no need for me to sell any of my Assets because I know that this is the best time to hold still because everything is pumping.
I am now holding more than $40,000 since last November although it drops from $150,000 to $20,000 last 2 weeks.
Maybe just be careful next time mate, emotion controls yourself that why it happened. You are afraid to gain some losses. Try reading charts mate about trading so that you know what to do next. Happy trading
In fact, it's not quite a loss, it's not getting a potential profit. However, on the other hand, you sold the tokens and avoided the potential loss from lowering the price. This is the market. And here it is not possible to foresee everything and plan everything.
it is a big money for many ppl, and decent for rich ppl too, but there is always a question, when should i sell or buy? Or u wanna just invest into? We all are human, so we make mistakes, you will make every mistake in the book. Don’t beat yourself up when you make mistakes, just learn and try not to make the same mistake twice
that is the characteristic of cryptocurrency, when first released in the market, then the price will be very low even below ico price, but when the project has a positive development, then the price will rise drastically, this also I have experienced as a newbie
hero member
Activity: 2912
Merit: 541
Leading Crypto Sports Betting & Casino Platform
many of us have made a mistake in trading because sometimes we don't have the patience to wait for the price increases. like the op, I guess we are often making this mistake and actually we can make a big profit but we cannot wait any longer and decide to sell that coin. the most important lesson for every trader needs to learn about patience and controlling our emotion and it is only a few people that could do this. but I am sure that after we learn about this, we can apply in trading and finally we can make a profit.
I've been there man, i once had 300k Verge, which have been worth 60k $ when the price was 0.2$ per coin.
I just sold it way too early because i though it was just a pump and dump coin...
I just sold it way too early because i though it was just a pump and dump coin...
Well at the moment i dont like Verge at all. Would be happy if i sold it away
I've been there man, i once had 300k Verge, which have been worth 60k $ when the price was 0.2$ per coin.
I just sold it way too early because i though it was just a pump and dump coin...
I just sold it way too early because i though it was just a pump and dump coin...
At the first place you didnt lost, you only gain a little income. Thats the mistake all newbies, the important of having coins is holding it. Waiting patiently for its price to inceease and reach its peak.
You cannot lose what you do not have. What could be the lesson learnt here, because no matter what one does, there will always be resultant mixed emotions involved, whether its exultancy or regret, for be it a pat or kick, both swerve instantly.
How can you say you lost $80,000 when you didn't have any Zclassic when the price spiked? You didn't lose anything.
That's like saying you lost $50,000,000 because you didn't buy a lottery ticket that might have won.
In any case, there are plenty of other moonshot opportunities, just invest $500 each into the top 10 promising candidates, you only need one to succeed to recoup your investment and more.
That's like saying you lost $50,000,000 because you didn't buy a lottery ticket that might have won.
In any case, there are plenty of other moonshot opportunities, just invest $500 each into the top 10 promising candidates, you only need one to succeed to recoup your investment and more.
He is right. What you could do now is to analyze trends and buy tokens when "there is blood on the streets". Or even better invest in a project during presale stage and get your bonus, wait and sell when you have profit (usually when token is listed) - that's called FLIP.
A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ 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..
I know your pain!
Years ago I bought 6 BTC at $60 each to use online. Well I forgot about them until price was roughly $100 each. I thought I scored big and spent them on Silk Road haha
Shortly after BTC went sky rocket and never stopped. I seriously did not see it coming so fast and so high.
Lets just say I "HODL" nowadays.
It's actually normal for investor to do mistake like panic buying and selling, or cases like this. The best thing that you could do is to learn from it. Get yourself up and don't give up. Invest more, educate yourself more so you won't be able to commit the same mistake again.
I think almost every newbie did that mistake,
the only difference is the value itself.
i also ever lost 15-20k when the price is dropping in january.
but it doesn't matter,that experience will become a lesson for us as a trader so we don't repeat it again.
just be patient and don't panic whatever happens in the market.
the only difference is the value itself.
i also ever lost 15-20k when the price is dropping in january.
but it doesn't matter,that experience will become a lesson for us as a trader so we don't repeat it again.
just be patient and don't panic whatever happens in the market.
how do you guess? a friend sold early - the coin later grew. The next time he decided to wait - the coin fell, lost money.
First and foremost you did not lost any money and investment. It is more likely you missed a big oppurtunity because you sold earlier before it flew. I hope you had make a lesson on this experience you should have checked the coins / tokens fundamental analysis and the news that is upcoming so you will have an idea where its market will go.
Jump to: