Many got REKT :( - page 2. | Bitcointalksearch.org

perfect999

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Quote from: ReiMomo on May 31, 2021, 05:37:33 PM

As long as you didn't execute sell there's no REKT or losses in your portfolio. Holding is the best when you saw that the market getting worst because it is still a number of coins but the difference is to have the lowest value compared to dollars.

Panic selling is the most common factor of sudden loss, because of fear, you will blindly accept that you have a REKT, the price will not go beyond zero and that is impossible. The nature of cryptocurrencies is the volatility price and it will obviously fluctuate with or without reason.

Well, many people look at their portfolio and feel "rekt" just because of that. I have a friend who got so scared of what he saw and he was in panic mode, I just told him to stay calm and his money went up again, not to where it was but at least it got up a bit more, and then he was like "oh then I can wait for it to go back up" like it is some marvelous new invention. Basically things are not as simple as it looks in this world, some people are just way too emotional, and that is why we have to just accept them the way they are.

I personally do not sell bitcoin, I have NEVER sold any coin for profit, I did had periods when I needed money urgently for some life emergency so I sold some, but I have never sold it for profit, which means I have been keeping my coins for god knows how many years and I will keep doing that until I have enough money to retire.

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Quote from: imstillthebest on May 31, 2021, 04:46:10 PM

Quote from: andthereyou on May 19, 2021, 09:26:58 PM

Who did an exit strategy before the worst dip?

we do all created a exit strategy but not all imitated it properly because we don't expect the dip will come quick .
It's too late to exit once your caught out because you can surely lose if you plan to but we can save our self if we persist to hold till the market recovers and just a clarification ,
this is not the worst dip but worst dip but there are more worst dip back in the early days of crypto .

As long as you didn't execute sell there's no REKT or losses in your portfolio. Holding is the best when you saw that the market getting worst because it is still a number of coins but the difference is to have the lowest value compared to dollars.

Panic selling is the most common factor of sudden loss, because of fear, you will blindly accept that you have a REKT, the price will not go beyond zero and that is impossible. The nature of cryptocurrencies is the volatility price and it will obviously fluctuate with or without reason.

imstillthebest

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Quote from: andthereyou on May 19, 2021, 09:26:58 PM

Who did an exit strategy before the worst dip?

we do all created a exit strategy but not all imitated it properly because we don't expect the dip will come quick .
It's too late to exit once your caught out because you can surely lose if you plan to but we can save our self if we persist to hold till the market recovers and just a clarification ,
this is not the worst dip but worst dip but there are more worst dip back in the early days of crypto .

Fivestar4everMVP

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I won't say I saw it coming that day, but I was planning on buying some altcoins trading against Usdt, so I converted almost all my major coins to usdt and felt I should wait for the altcoin price to down a bit, I left for about 8 going to 9 hours and when I came back, the entire market was already in red, I felt super excited cus luckily, 90 percent of my money was in usdt and also, the market crash caused the altcoin I wanted to buy to go down in price even further than I thought was possible, so this helped me to buy a lot cheaper and right now as I type, am already in good profit and still holding.
So this is to say that yes, many did get rekt, though we can't say how many, but I believe it's not too much.

dimonstration

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I wanted to sell some of my BTC when it was 60000$+ and I did half of what I had thought to sell. I needed the money for real converted most of it to cash but it was not an exit plan or anything. I don't think much about the price if I need the money. My alts got rekt and most of them are at 50% level of what they were.

It's good to take profit and use it in some other thing or investment, I also cashout some when the market is at a peak since I regretted not doing it before in 2018, I still left some even the market is at dip now and will just wait and accumulate more until the market recovers. Time will come that BTC price will rise again but may not be the same on other altcoins.

Golftech

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Quote from: ?? on ??

I wanted to sell some of my BTC when it was 60000$+ and I did half of what I had thought to sell. I needed the money for real converted most of it to cash but it was not an exit plan or anything. I don't think much about the price if I need the money. My alts got rekt and most of them are at 50% level of what they were.

good for you if you managed to sell your Bitcoin when the price still at that point, though you mentioned

that you didn't plan it that way, but in terms of value it's good for you to enjoy the value, with your alts

if you don't need the money better to keep it for now, bounce will happen anyway.

isaac_clarke22

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Quote from: Lakai01 on May 31, 2021, 01:01:28 AM

~

If you're just ready to risk your money to something that was already dead many times but still pushed through, I don't think there should be worry on timing.
Just don't buy if that "money" you're about to invest is not worth losing.
I just buy whenever I have the extra, like when I earn from freelancing and I just wanted to buy something that isn't my "need", I would consider thinking about investing in Bitcoin.

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Quote from: cabron on May 30, 2021, 11:13:38 PM

Quote from: Questat on May 30, 2021, 07:10:37 PM

Quote from: 2double0 on May 30, 2021, 03:51:12 PM

Quote from: Ryker1 on May 29, 2021, 05:46:44 PM

Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,

That is the reality of crypto. Those who accept their losses and get out of crypto should not blame it for whatever happened because at first, it was their choice to buy crypto at very high prices and when the markets dumped, they chose to sell it instead of waiting. The traders who bought btc at $19950 in 2018 surge and didn't sell anything till date are in ~double profits.

But I think they should have to sell it now before the market will turn in dip again.

The common problem that I saw mostly to holders is being greedy, they don't contend in x2, x3 profit but they are more preferred to x10. That is why many had missed the biggest opportunity we have in the past day. I don't suggest people do holding unless if it is necessary but to sell it once there is a profit. Well, of course, we also have to analyze the market first.

The ones who missed are ambitious actually who are willing to hold their coins for long term. They don't aim for pennies but bigger profit much like the whales who wouldn't even touch their wallet because all they think is coming back after few more years.

It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD.

Big ambition is the same as greed, which wants to immediately get big profits but does not want to think realistically. and what happened many of them regretted his actions, but strangely they did the same thing again. therefore realistic targets and trading discipline are the keys to avoiding this incident

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Quote from: cabron on May 30, 2021, 11:13:38 PM

-snip-
It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD.

Unfortunately, this sounds much easier than it actually is ... just sell high and buy cheap again, but unfortunately it is not like that. "Timing the market" is extremely difficult, especially in the crypto sector, not least because of the very high volatility and the fact that individual news can trigger a price fireworks or a price crash.

For me, it has proven best to slowly start selling in a highly oversaturated market and to slowly start buying again in such phases as now, where there is a very high level of uncertainty - always with the thought in mind that it can still go down much further.

cabron

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Quote from: Questat on May 30, 2021, 07:10:37 PM

Quote from: 2double0 on May 30, 2021, 03:51:12 PM

Quote from: Ryker1 on May 29, 2021, 05:46:44 PM

Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,

That is the reality of crypto. Those who accept their losses and get out of crypto should not blame it for whatever happened because at first, it was their choice to buy crypto at very high prices and when the markets dumped, they chose to sell it instead of waiting. The traders who bought btc at $19950 in 2018 surge and didn't sell anything till date are in ~double profits.

But I think they should have to sell it now before the market will turn in dip again.

The common problem that I saw mostly to holders is being greedy, they don't contend in x2, x3 profit but they are more preferred to x10. That is why many had missed the biggest opportunity we have in the past day. I don't suggest people do holding unless if it is necessary but to sell it once there is a profit. Well, of course, we also have to analyze the market first.

The ones who missed are ambitious actually who are willing to hold their coins for long term. They don't aim for pennies but bigger profit much like the whales who wouldn't even touch their wallet because all they think is coming back after few more years.

It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD.

Questat

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Quote from: 2double0 on May 30, 2021, 03:51:12 PM

Quote from: Ryker1 on May 29, 2021, 05:46:44 PM

Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,

That is the reality of crypto. Those who accept their losses and get out of crypto should not blame it for whatever happened because at first, it was their choice to buy crypto at very high prices and when the markets dumped, they chose to sell it instead of waiting. The traders who bought btc at $19950 in 2018 surge and didn't sell anything till date are in ~double profits.

But I think they should have to sell it now before the market will turn in dip again.

The common problem that I saw mostly to holders is being greedy, they don't contend in x2, x3 profit but they are more preferred to x10. That is why many had missed the biggest opportunity we have in the past day. I don't suggest people do holding unless if it is necessary but to sell it once there is a profit. Well, of course, we also have to analyze the market first.

Twinkledoe

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Quote from: Peanutswar on May 30, 2021, 12:19:47 PM

At the early stage before it goes to dip I saw the lower of the volume and the down curve to my technical indicator by the way I'm using the RSI and MACD as my signals so I got suspicious this is a temporary short and after I confirmed that the price of the bitcoin might fall I immediately sold all of my bitcoin and wait for another dip. This is the reason why I escape and prevent holding for a long time.

Another reason why we need to use different techniques to keep ourselves aware of the market movement as long as you know your funds become safe.

At least you put your TA skills into good use. But can you share what was the price of bitcoin when you sold it? And have you gained profits based on how much you bought it?

Still holding here and I just put my btc to flexible savings in binance. So at least while holding, earn some satoshis that may cover the losses. Grin

2double0

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Quote from: Ryker1 on May 29, 2021, 05:46:44 PM

Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,

That is the reality of crypto. Those who accept their losses and get out of crypto should not blame it for whatever happened because at first, it was their choice to buy crypto at very high prices and when the markets dumped, they chose to sell it instead of waiting. The traders who bought btc at $19950 in 2018 surge and didn't sell anything till date are in ~double profits.

Peanutswar

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At the early stage before it goes to dip I saw the lower of the volume and the down curve to my technical indicator by the way I'm using the RSI and MACD as my signals so I got suspicious this is a temporary short and after I confirmed that the price of the bitcoin might fall I immediately sold all of my bitcoin and wait for another dip. This is the reason why I escape and prevent holding for a long time.

Another reason why we need to use different techniques to keep ourselves aware of the market movement as long as you know your funds become safe.

lixer

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Quote from: andthereyou on May 19, 2021, 09:26:58 PM

Who did an exit strategy before the worst dip?

I didn’t have any plans to exit the market at this time. But I did sell 70% of my overall assets when the market reached its highest and Bitcoin was above $60,000. And that’s because I felt it was too much already (calculating by the profit I have already made), so I left the rest there in case the market should go up further and I wasn’t bothered if the price was going to crash or not.

But the market has been going up again, although the increase is not really stable, because it keeps going back and forth from anywhere around $30,000 to $35,000 (currently at $36,000 now and I am hoping that it would sustain that and keep on going).

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Quote from: btc_angela on May 29, 2021, 12:56:52 AM

Quote from: apityeh71 on May 29, 2021, 12:04:52 AM

I been loss about 50% now, but iam not loss before i sell the coins, so i keep holding it. In my opinion the market now in accumulation phase and will take a few month, then try to rebound. The bearish trend like in 2018 can be happen again, but my prediction, not now for that because that too early.

You are not at loss if you are not selling, although when you open your portfolio, you might see a -50% loss. And you can't do anything, just continue to hold and see how it goes in the next 6 months. I know it's mentally tough to see bitcoin down like this, but this corrections need to happen.

Others will argue that this is healthy in the long run, as investors and speculators like us, average Joe, can still invest at a cheap price. I also agree that we are not in the bearish trend similar to 2018 yet, to early to call that.

It's a shame if you sold already after that decline although you didn't and in my case I still hodl the rest of it since I already got my profit when the price was at the level of $59k, it wasn't that bad though. I am still very bullish so I believe there's still a chance that it would come back again at the $50k+ range. It may not be breaking a new ATH but at least the price is quite high enough and that's great already.

Just keep holding your investment if you don't plan to make a profit during this dip. Many new investors are weak at holding once they saw a massive dump they automatically follow which isn't appealing since they are after for the profit, although everyone is really after for the profit that's why they were here. Just like what Elon Musk did he investment then take some and stop supporting Bitcoin because of a silly excuses.

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Quote from: Reid on May 29, 2021, 06:05:17 PM

Quote from: apityeh71 on May 29, 2021, 12:04:52 AM

I been loss about 50% now, but iam not loss before i sell the coins, so i keep holding it. In my opinion the market now in accumulation phase and will take a few month, then try to rebound. The bearish trend like in 2018 can be happen again, but my prediction, not now for that because that too early.

The good part is you kept it and didn't panic. Thumbs up to your endurance.
Others would just sell it disregarding the value, loss, or ROI.
If I am at ROI, I would rather keep it too. Just wait a bit longer and sell it. That's my trader side talking though just for other coins.
But when it comes to Bitcoin and Ethereum, it stays in the vault whatever the price would be. I am optimistic the market will just recover when we are talking about the top coins.

When it comes to securing your profit or when you do already hit your ROI then this is where we do become confident where we can hold up and wait for some price recovery.

This had been a typical thing on where you can really wait up without worrying since you do mind that you had already profited then the situation of next trades

wouldn't really care that much but actually this would really depending on you. This market is very way unpredictable and its really hard to determine on what would be the
next move to make.

Reid

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Quote from: apityeh71 on May 29, 2021, 12:04:52 AM

I been loss about 50% now, but iam not loss before i sell the coins, so i keep holding it. In my opinion the market now in accumulation phase and will take a few month, then try to rebound. The bearish trend like in 2018 can be happen again, but my prediction, not now for that because that too early.

The good part is you kept it and didn't panic. Thumbs up to your endurance.
Others would just sell it disregarding the value, loss, or ROI.
If I am at ROI, I would rather keep it too. Just wait a bit longer and sell it. That's my trader side talking though just for other coins.
But when it comes to Bitcoin and Ethereum, it stays in the vault whatever the price would be. I am optimistic the market will just recover when we are talking about the top coins.

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Quote from: 2double0 on May 29, 2021, 05:33:32 PM

Quote from: andthereyou on May 19, 2021, 09:26:58 PM

Who did an exit strategy before the worst dip?

Markets surprised everyone and I am sure every average trader had waited for the retracement to $60k and above, but markets didn't turn their way and bears played out. Catching up with them was not possible as bulls got a surprising dump that shook the markets and sucked out over 50% of entire crypto marketcap. Those were the bears who exited and made profits, not traders like us, who kept watching and waiting for markets to move.

Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,

2double0

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Quote from: andthereyou on May 19, 2021, 09:26:58 PM

Who did an exit strategy before the worst dip?

Markets surprised everyone and I am sure every average trader had waited for the retracement to $60k and above, but markets didn't turn their way and bears played out. Catching up with them was not possible as bulls got a surprising dump that shook the markets and sucked out over 50% of entire crypto marketcap. Those were the bears who exited and made profits, not traders like us, who kept watching and waiting for markets to move.

Topic: Many got REKT :( - page 2. (Read 762 times)