Invested in alt in 2017 ..and now need help to dont do same mistake

NelfiNovita

full member

Activity: 640

Merit: 104

Quote from: Wawa2013 on April 13, 2021, 11:29:01 PM

I believe many investors and traders made mistakes when in 2017, I was also one of the ones who made mistakes at that time. But don't because
we make mistakes and then we just give up, we must be able to get up and learn from the mistakes we made in 2017. Most of the mistakes made
are not being able to control greed and also not using the stop-loss feature. Hopefully all the mistakes made in 2017 will not be repeated this year.

Many people made mistakes in 2017, maybe half the people on this forum also made mistakes like I did in 2017, at that time some people were already feeling very lucky with the price of altcoins at that time and they sold all the altcoins they had have.
Now is the right time to collect altcoins that are in high demand by investors because the opportunities to go up are numerous. Possibly in these 2 years the price of bitcoin and altcoin will rise very high, I will buy bitcoin and altcoin this year to make up for my mistakes in 2017.

chainganginc

newbie

Activity: 298

Merit: 0

Quote from: Sithara007 on March 13, 2021, 11:42:39 PM

Back in 2017, much of the focus was on altcoins as there was an ICO boom. But the same altcoins, which gave 100x or 200x returns during the first half of 2017 went down by as much as 95% or even 99% in 2018. Almost everyone ended up with losses, and some of my tokens and alts also went down by a lot. The established alts, such as ETH and ADA made the recovery, but the smaller alts and tokens never recovered from the slump in 2018. Most of them are now dead or dormant.

Should of just bought Dogecoin and held. The market cap is so big but I didnt pay attention SMH. I dont see no more Dogecoin opportunties for maybe 2 years.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: ultrloa on April 14, 2021, 04:51:40 AM

He will be sad again for seeing this pump if he already sold his bought coins which got dump with huge bear market calamity happened before.

Every investor has to learn the lesson, many times. I don't feel bad when I admit that I do this mistake many times.

Quote from: goldade on April 14, 2021, 02:58:01 AM

I don't fully understand what you meant but if you're talking about investing in altcoins, one has to be very very careful. It's not new neither is it strange to anybody here that it is very easy to get carried away by the prospect of making so much money by investing in altcoins.

Altcoins are good in bull market because they can increase in times, not in percent. In bear market, bitcoin is the strongest and you should not invest in altcoins, hold altcoins in bear market.

Quote from: ?? on ??

I hope my friend can start again at this time, because I see that alt season is going to happen, where is it that the coins will increase sharply, it looks like BNB, Polkadot, Chailink might be a good alternative to buy and hold it until the end of this year. What do you think.

BNB is good but I don't see reasons to invest in Polkadot at its high price. That project need more time to become another BNB or Ethereum.

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Renampun on April 14, 2021, 04:27:26 AM

Quote from: Lorence.xD on April 14, 2021, 12:26:28 AM

Why would you be sad that you made less money on altcoins compared to bitcoin, you still profited, it's just that you let go of bitcoin a little too soon, but hey don't be sad because you still have profit, just don't do the same thing.

You are right, the OP shouldn't be that sad...
many have until now regretted that they did not produce anything and even lose because they sold their Bitcoin and then moved to fiat and did not buy other potential Altcoins. be grateful for all decisions, that wise.

He will be sad again for seeing this pump if he already sold his bought coins which got dump with huge bear market calamity happened before. This current big bit by alts this year is one big indicator that its good to hodl even if the market is dropping since in future if we can able to hold our patience a huge reward will came.

Renampun

sr. member

Activity: 2338

Merit: 365

Catalog Websites

Quote from: Lorence.xD on April 14, 2021, 12:26:28 AM

Why would you be sad that you made less money on altcoins compared to bitcoin, you still profited, it's just that you let go of bitcoin a little too soon, but hey don't be sad because you still have profit, just don't do the same thing.

You are right, the OP shouldn't be that sad...
many have until now regretted that they did not produce anything and even lose because they sold their Bitcoin and then moved to fiat and did not buy other potential Altcoins. be grateful for all decisions, that wise.

goldade

full member

Activity: 896

Merit: 104

The Standard Protocol - Solving Inflation

I don't fully understand what you meant but if you're talking about investing in altcoins, one has to be very very careful. It's not new neither is it strange to anybody here that it is very easy to get carried away by the prospect of making so much money by investing in altcoins. I'm sure you'd have realized by now that many of these coins are actually shit coins and you'd lose a lot of money by investing in them.
However, not all of them are shit coins. There are still quite a few of them that actually have potential and have brought profits to those who invested in them. Personally, I only invest in the top twenty coins. That way, I am rest assured that these coins have potentials

Sithara007

legendary

Activity: 3346

Merit: 1352

Leading Crypto Sports Betting & Casino Platform

I made my first investment with cryptocurrency long back in 2012. And back then I invested in more than a dozen coins (apart from Bitcoin) and unfortunately most of them turned out to be shitcoins. Due to this bad experience I stayed away when ETH first went for the ICO in 2014. But that turned out to be a big mistake. And again I made the mistake in 2017, when I decided not to invest in new coins such as ADA, TRX and EOS.

Lorence.xD

sr. member

Activity: 1624

Merit: 315

Leading Crypto Sports Betting & Casino Platform

Why would you be sad that you made less money on altcoins compared to bitcoin, you still profited, it's just that you let go of bitcoin a little too soon, but hey don't be sad because you still have profit, just don't do the same thing.

slaman29

legendary

Activity: 2674

Merit: 1226

Livecasino, 20% cashback, no fuss payouts.

Quote from: Wawa2013 on April 13, 2021, 11:29:01 PM

I believe many investors and traders made mistakes when in 2017, I was also one of the ones who made mistakes at that time. But don't because
we make mistakes and then we just give up, we must be able to get up and learn from the mistakes we made in 2017. Most of the mistakes made
are not being able to control greed and also not using the stop-loss feature. Hopefully all the mistakes made in 2017 will not be repeated this year.

You can definitely count on me among them. Invested in a few ICOs, won some lost some, more or less ended up even from profit and scams but wasted a lot of time researching and thinking I made wise choices. Same thing with trading, won a few alts, mostly lost them. And only now thanks to the rally I am able to see profit on almost every old alt I bought (XMR LTC ETH for example).

Needed to make those mistakes or I wouldn't be here today:)

Wawa2013

sr. member

Activity: 1666

Merit: 268

I believe many investors and traders made mistakes when in 2017, I was also one of the ones who made mistakes at that time. But don't because
we make mistakes and then we just give up, we must be able to get up and learn from the mistakes we made in 2017. Most of the mistakes made
are not being able to control greed and also not using the stop-loss feature. Hopefully all the mistakes made in 2017 will not be repeated this year.

online73

full member

Activity: 644

Merit: 101

Ecowatt.io

Hello everyone, I don't like to give advice and don't consider myself a crypto fortuneteller, but if you stick with some cold calculations, you can still make money in this bull market and next crypto winter. Nobody knows what will happen tomorrow, nobody. But you can try to stick to the golden mean, keep 50% of cryptocurrencies and 50% of stablecoins, only with such a deposit placement you can minimize losses from a repeat of 2018. The fact that the cryptocurrency market will collapse without warning anyone - I think there is no doubt about that. The new crypto winter can drag on for a long time, so I only keep in my wallet those coins from which you can receive passive income - staking, farming and all that. After the price drop, there will still be a new rise - but I will already come out of the crypto winter with additional coins. Good luck to all.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Rasel5209 on April 09, 2021, 02:32:38 PM

2017, I buy some alt coin 20k usd but i sell it only 5k usd.

Wait, that does meant that you've sold it all only for $5000 and you've taken the losses as if you didn't lost at all? That's $15,000 and a big loss to talk about.

Quote from: Rasel5209 on April 09, 2021, 02:32:38 PM

Today i buy some coin but don't hold it for long time. Also i don't buy risky coin buy this coin is good.

I'm guessing that's another altcoin and if you've learned from your past and you don't want it to hold anymore for a long time then that's you have to do and change your strategy and only hold it for a short time.

Rasel5209

sr. member

Activity: 672

Merit: 250

2017, I buy some alt coin 20k usd but i sell it only 5k usd. Today i buy some coin but don't hold it for long time. Also i don't buy risky coin buy this coin is good.

Argoo

sr. member

Activity: 2352

Merit: 245

Quote from: Kong Hey Pakboy on March 21, 2021, 12:07:55 AM

Quote from: Yurkov on March 18, 2021, 03:48:46 PM

We all learn from mistakes, nobody do it right for the first time. As Warren said, “buy when everyone fears to buy and sell when everyone fears to sell”. In my opinion, the opportunity to buy bitcoin has passed and it’s very risky to jump with huge capital at current high price.

That is debatable, if you are aiming for a short term gain then buying at the current price will yield you with small profits but if you were to aim for the long term then now is the right time to buy bitcoin because overtime bitcoin will grow despite short term dips. It doesn't need to be your mistake for you to learn, the wise people learn from the mistake of the other people.

It seems that now that the price of bitcoin is just below $ 60,000, buying it is quite risky. I think that closer to summer the price of bitcoin will traditionally fall, then there will be a good time to buy it. In the fall, he must continue his growth again.
For now, it's even better to buy some of the altcoins that occupy the top positions in the CoinMarketCap table and have not increased in value too much to date.

Yamifoud

hero member

Activity: 2828

Merit: 518

Quote from: peterpanda on March 28, 2021, 11:16:14 AM

Bitcoin is in a well position and you can invest on bitcoin but you should wait some more days. The price of bitcoin may down in huge amount at the middle of this year. But at the end of this year, price will hit a big amount. So wait until the price of the bitcoin drops. You can buy also cardano, harmony, stc, trx for making a good amount of money.

Nope, can't say that Bitcoin will fall in the middle of this year and get back in the end. Why? that directly pointing to how volatility works and we can't be sure everything will follow as what we presumed to happen.

@OP, if you are going to invest again this time, honestly, you are a little bit late for it. Now, the market seems too tricky, the price is already high and at any time it might fall and gives you another big loss again. I'd never had to discourage you from entering this time but I would like to remind you that if you still choose the wrong coin to invest in, you will suffer the tragic loss that you have the same as before.

Lmaooo

full member

Activity: 694

Merit: 108

santacoin.io

When investing on Altcoins always invest in top 20 Altcoins because at least they have a decent market capitalization. The Altcoins with decent market capitalization doesn't disappear over night. Now, if you look at the CoinMarketCap top 20 Altcoins you may notice many of the survived 2018 market crash unlike the below top 20 Altcoins.

If you are a beginner in cryptocurrency, always invest in top 20 altcoins for your safety.

Fatunad

sr. member

Activity: 2226

Merit: 347

Quote from: ?? on ??

Quote from: lienfaye on March 24, 2021, 01:27:31 AM

Quote from: Trinx01 on March 24, 2021, 12:38:56 AM

Newbies are really interesting in altcoins because they want to explore more instead of focusing only on bitcoin, well there is no wrong with investing in altcoins, just choose the good and reputable altcoin such as BNB and Doge as these altcoins might have a good future, but if I were you having a huge amount of money, I will focus on investing in bitcoin instead of altcoins.

Investors are diversifying to altcoins because it is profitable as well not just bitcoin. However its a bit risky because there are too many of them and choosing what coins to invest is not really easy unless if you go to popular altcoins.

If I have huge capital just like op, I'd probably allocate 80% to bitcoin and 20% for altcoins that has potential, extensive research is needed to find out what could be the best alts to invest in when the market turn to red status.

the same thing one thought like you, will set aside the little money that I have in altcoins to invest and more dominantly invest in Bitcoin. Even though no one knows the market price correction will happen again, before plunging into investing in cryptocurrency, of course, you must be prepared to accept the consequences

Invest on the amount that you can afford to lose and also its your money then it is much better to find those altcoins if you are interested to invest with them.
Im not saying that listening to others suggestion is bad but most of the time it is, it would be more worth if you are the ones who would really be making out such step
or make out decisions towards your investment or portfolio.If we do make out some fortune on holding altcoins on just like what op did then he might really be still
ending up on repeating the same step on what he did in the past and he might be getting even more money but somehow those things arent an assurance.

livingfree

hero member

Activity: 2884

Merit: 579

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: chainganginc on March 28, 2021, 10:56:45 AM

This year might be different...looks like certain altcoins will be good investment. Litecoin and polkadot especially by the next halving get in position. Keep using Bitcoin but look for the next one.

There were altcoins that have made themselves to their peak and it's good for those who have invested in it and bought at the most discounted price.

I would say that learn from the experience, buy bitcoin and then buy altcoins if you want to. Keep bitcoin more.

peterpanda

full member

Activity: 562

Merit: 100

Bitcoin is in a well position and you can invest on bitcoin but you should wait some more days. The price of bitcoin may down in huge amount at the middle of this year. But at the end of this year, price will hit a big amount. So wait until the price of the bitcoin drops. You can buy also cardano, harmony, stc, trx for making a good amount of money.

chainganginc

newbie

Activity: 298

Merit: 0

Quote from: aoluain on March 13, 2021, 02:32:11 AM

I dont fully understand, do you have 70% in Bitcoin or is it all in ALT's?
I dont do ALT's anymore, most would suggest 10 to 20% in ALT's & the rest BTC.

There will be plenty of price corrections to come but nobody knows
when that will be. We already had a 20% correction at the end of Feb.
There will almost certainly be dips before key price
points like $60k, $70k etc.

Quote

be patient and wait the famous correction .....

I take it you mean like 2017/2018, There are a lot of people who think
that same kind of "crash" will happen again, Why? There are different
investors this year, investors not interested in selling only buying.

Feels like 2009 but just Covid 19 instead of 9-11 Bitcoin looks like it's moving in with the cashless society experiment. Don't want to touchfiat or gold might have a virus.

Topic: Invested in alt in 2017 ..and now need help to dont do same mistake (Read 860 times)