LOSS TO BAD CRYPTOCURRENCY INVESTMENT

jigzaheedcoin

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Quote from: ub27 on July 15, 2019, 05:37:13 PM

Ever since the uptrend of the market started recently, especially BTC, everyone wants to ride the bull train. People don't buy when price is low, when price spikes they buy in, but that's not really the best trading strategy. If you are in for swing trading especially and always buy the green, and you don't use stop loss you might end up loosing out. Let's just be careful and understand the market. Simply put, cut down on your emotions if you want to be successful in trading.

We ought to be increasingly astute during downfall of price, this ain't a joke until further notice since we're more compelled on revising a few occurrences. When you're trap with your enthusiastic fights behind reality, you tend to decide badly.

bitgolden

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You are quite right, first thing people need to have at the back of their mind is that the market is still very volatile for now, and we will always operate in a volatile market till future when bitcoin quite stable. Investing in the volatile market was not the wrong move, but the mistake many people made was not to work along with the trend.

So, many investors of 2017 only understood one language then, they only understood the language of Bull run but did not know that there was another season for bear market, I think after the bull run was the first time people would be understanding that there is also bear market in cryptocurrency market including me, and as they say, Experience is the best teacher, most of us have had experience now, and this is why you have not really seen bitcoin pass more than its current value, because people are taking their profit as soon as they see an opportunity to do so now.

johanesrobin

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Quote from: Febo on July 15, 2019, 08:20:55 AM

Quote from: upyem2k on July 13, 2019, 05:51:52 PM

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash ...

It is a quick cash if you hold them and not trade. If you trade you can lose half of your wealth in few days. Just dont do it and you will be fine.

A trader must understand that loss is part of trading. if the loss gives up I think he opens a trader. Losses must be replaced with other trades and try to find profits to cover the loss.
do not give up .

lienfaye

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Indeed many investors enter in crypto when the price is soaring high due to fomo especially last 2017 bull run. Lack of knowledge on how crypto works are the main problem why some of us end up losing our money.

Currently the market is declining and for those investors planning to buy take this chance because the prices of the coins are cheap. Dont wait until the market recover again before you buy, thats a usual mistakes of newbies here.

Shallow

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SmartFi - EARN, LEND & TRADE

I agree with you. Most people are quick to forget and trust the predictions by most "experts" that they always fail to do their research; when it doesn't go as planned those experts will keep mute. This space is unpredictable and volatile, therefore people need to be wise and careful of what they listen to.
No matter what, due diligence is very important; hold potential coins so that even if it dumps there is hope of it increasing.

ub27

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Ever since the uptrend of the market started recently, especially BTC, everyone wants to ride the bull train. People don't buy when price is low, when price spikes they buy in, but that's not really the best trading strategy. If you are in for swing trading especially and always buy the green, and you don't use stop loss you might end up loosing out. Let's just be careful and understand the market. Simply put, cut down on your emotions if you want to be successful in trading.

Mpamaegbu

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Once a man, twice a child!

Quote from: upyem2k on July 13, 2019, 05:51:52 PM

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

OP's call for careful investment is highly appreciated. But the OP should be aware that what makes something a business is the risk involved. And to this I dare say that there is no business without risk. One can not be too careful that one can not make a wrong business decision. Those I had pity on during the market crash of 2018 were those who sold off their Bitcoin completely to invest in altcoins which later turned shitcoins. Early 2018, I also got caught in that web when I sold a bit to invest in a now worthless Regalcoin.

thesmallgod

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Everybody make decision at its own peril. The fact that you buy now all later does not me you will lose or gain every time. Some time you lose and some time you gain. I heard a friend that bought 24 ETH when the price was around $600. He has not given up and in fact he stop checking his wallet regularly because he always felt bad. Nobody knows what we happen in the nearest future. So far as ETH still exist, it shall surely reach above 1k one day. Crypto is volatile as you say but hodl it will not do you harm. Only a wise person will continue holding irrespective of the present conditions.

JuliaJi

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you just wake up? 99% people lose their money because all market was falling and no matter in what you are invest! if market will grow every investment will grow too! and the most of people will return their funds, BUT where is growing?

omonuyak

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Quote from: upyem2k on July 13, 2019, 05:51:52 PM

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

People have started losing already and that is those that buy too high and sell out of panic with a little dip. The best way to actually follow the advice op give is to always buy at the right time and sell when you are sure that the market is about to reverse. we have many tokens and coins that are dead and investing in those type of coins with the aim that there are going to give you good return is a big mistake.

Karlinz

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I am still sceptic if this is actual bull run, had made some profits from btc rally and invested in altcoin expecting to see some good return but it actually didn't happen but ended up bringing in some alts, a bull run is the one that carries along all the altcoins but this one is just bitcoin and it doesn't mean well for the rest crypto space. I just wish to see etherium back to over $300 at least to set the pace for altcoin rally, so much losses have been made already by a lot persons that had assumed it was time to join the altcoins but not knowing the case is different this time from what it was in 2017

martychubbs

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That’s really disappointing for all the crypto members. You need to do your research properly. Eth was 800 and has now dropped significantly as you mentioned. It is a very very long way to recover but let’s hope the price goes up and they can recover by the start of next year.

letyouearn

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Quote from: upyem2k on July 13, 2019, 05:51:52 PM

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

95% of people playing with crypto and assuming themselves as smart investors will lose money as result. That's the nature of this market - big guys earn the money the masses lose

jazmuzika217

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As long as people or investors are have enough knowledge about investment that they involved there is a big possibility that they can survive because they already know what to do in every situation that can experienced. But following about prediction of the crypto market is not advisible because no one knows what will happened next especially in crypto price value. So the result of your loss and success depend on your decisions and strategies.

Reid

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That is the problem. They tend to turn to altcoins for a larger amount of profit even if the risk is higher.
First, why not choose the main crypto currency which had gained popularity already. Bitcoin.

Now after that you could maybe go invest with the 2nd placer.
But never leave everything in just one basket.
Diversifying might be the best idea since every crypto currency now is unpredictable.

Kvalentine

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Things don't turn out as many expected including myself,i invested in sparkster project last year with 2 ETH and I'm already in huge loss but i believe that once bitten is twice shy,next time I will be more careful

qazgroup

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RiveMont

Although every market has fluctuations and ups and downs but i agree with you about the dangerous volatility that is unique to crypto market but i think real bull run will occur next year.

Febo

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Quote from: upyem2k on July 13, 2019, 05:51:52 PM

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash ...

It is a quick cash if you hold them and not trade. If you trade you can lose half of your wealth in few days. Just dont do it and you will be fine.

OptimusPrime_3

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Quote from: bittick on July 14, 2019, 06:55:37 PM

Quote from: Saisher on July 14, 2019, 06:52:45 PM

Quote from: upyem2k on July 13, 2019, 05:51:52 PM

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

People who invested in Eth when it hit $800 are still a long way to recover but I doubt if the majority of them are still holding those Eth they bought at $800, it's going to be a very long wait for them to recover the expected wait could happen next year.

Are you not seeing if the ethereum's condition right now is different caused by the majority of exchange sites are using they're its own token? They are not using ethereum directly to raise the funds. They are not interesting use ethereum again as the main crypto to raise the funds a difficult thing when it comes to the competition with exchange site.

Your argument seems baseless to me, many exchange still use bitcoin and ethereum as the major cryptocurrency to raise funds. In the other hand, their own token trade against btc and eth and that still makes it important

goolesby

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Gistcoin

Carefulness is a must for everyone who enters the crypto scope, whether for trading or investment. Why? As already explained, crypto is full of risks. Crypto is very volatile and not stable. Therefore, without caution and smart and appropriate decisions, the possibility of loss, scammed, and buying shitcoins is very large. Moreover the too bad cryptocurrency with very low value, it will make us lose easily.

Topic: LOSS TO BAD CRYPTOCURRENCY INVESTMENT (Read 337 times)