Many got REKT :( - page 4. | Bitcointalksearch.org

cryptoaddictchie

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Quote from: andthereyou on May 19, 2021, 08:26:58 PM

Who did an exit strategy before the worst dip?

I didn't but what else I could do, there are lots of altcoins I hold that are down beyond 40% and I could accept selling it a loss. You would only loss once you start selling it during panic crash. Remember that if you sold during it then that's a tragic loss for us.

We can't deny that market is not always good but it can rebound anytime so why you are going to sell it and accept your loss? Just hold and don't mind the negative value on it. Its just paper loss.

kram31

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Many got rekt because they are lack of knowledge in doing trade in the exchange site platform mate.
But if you are full of idea and wisdom about in crypto trading or bitcoin trading I am sure that none of the
community here will not gonna rekt in the end for sure. Instead, they're gonna get a nice profit in the end,

affandi

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Quote from: Lakai01 on May 25, 2021, 10:54:49 PM

Quote from: AakZaki on May 25, 2021, 07:43:21 PM

Someone who does Cut Loss is a person who is too panicked about the losses they have experienced.
-snip-

There is actually no such thing as "cut losses". A "loss" only takes place when you sell, before that it's all just book money that has been lost (but of course also gained). Only when you actually realize the loss, you talk about a loss.

Getting into the predicament of having to sell at a high loss only happens when you have either invested far too much money in the market or suddenly need the money urgently, for both of which crypto is unfortunately, as you rightly say, the wrong investment path.

Determining a profit-taking position usually depends on whether you are a trader or an investor, as it relates to the time frame. A trader can enter / buy crypto in the morning, and sell it in the afternoon before the exchange closes, so the profit target is usually lower than that of investors.

while the cutloss itself is to avoid bigger losses, which are caused by price movements that are opposite to those expected.

This is one of the risk management avoids of a more serious loss, although for the trader / investor this action is not very pleasant.

Lakai01

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Quote from: AakZaki on May 25, 2021, 07:43:21 PM

Someone who does Cut Loss is a person who is too panicked about the losses they have experienced.
-snip-

There is actually no such thing as "cut losses". A "loss" only takes place when you sell, before that it's all just book money that has been lost (but of course also gained). Only when you actually realize the loss, you talk about a loss.

Getting into the predicament of having to sell at a high loss only happens when you have either invested far too much money in the market or suddenly need the money urgently, for both of which crypto is unfortunately, as you rightly say, the wrong investment path.

AakZaki

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Quote from: sheenshane on May 25, 2021, 06:25:43 PM

That's a big mistake if you have this mindset, it means that you already accept the potential REKT if you cut your loss. In the first place, you should know that investing in crypto was include risk and when the hard correction will come, you aware that there might a chance the price will up or if we're in a bull trend, think it over that there's infinite growth of the market price, volatility will always occur in crypto no matter what.

The market now had shown a little price pump movement and even though I saw there's a struggle climbing the Bitcoin price of $40k up but at least we saw that there's a resistance in just a week.

Someone who does Cut Loss is a person who is too panicked about the losses they have experienced. REKT potential in the crypto market especially in SPOT trading will occur if they do something stupid with Cut Loss. High volume is a risk that is already in crypto. prices will not continue to fall, there will be an increase for sure.

Who can hold back and not become weak hand, then he will get the benefits. Weak hand will only make REKT faster

sheenshane

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Quote from: Hypnosis00 on May 25, 2021, 06:05:51 PM

This gonna be the hardest time in our life and sometimes we think about selling in order not to lose it all.

That's a big mistake if you have this mindset, it means that you already accept the potential REKT if you cut your loss. In the first place, you should know that investing in crypto was include risk and when the hard correction will come, you aware that there might a chance the price will up or if we're in a bull trend, think it over that there's infinite growth of the market price, volatility will always occur in crypto no matter what.

The market now had shown a little price pump movement and even though I saw there's a struggle climbing the Bitcoin price of $40k up but at least we saw that there's a resistance in just a week.

Hypnosis00

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Quote from: travwill on May 25, 2021, 05:55:05 PM

The best strategy is to understand that the market is cyclical, and sooner or later there will be a recession after an increase or an increase after a recession.
In this case, the market stood still for a long time at very high levels, it was possible to assume a further fall, which means that it would not be superfluous to fix at least part of the profit in order to be able to survive this moment and buy at the right time.

Yeah, it is very important to understand the market situation and think about what will be the best thing to do. For so many people got rekt as they always in hypes, they forgot that any moment the market will fall. If they invest during the peak season, it is certainly imagining that they are in trouble now and losing. This gonna be the hardest time in our life and sometimes we think about selling in order not to lose it all.

travwill

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The best strategy is to understand that the market is cyclical, and sooner or later there will be a recession after an increase or an increase after a recession.
In this case, the market stood still for a long time at very high levels, it was possible to assume a further fall, which means that it would not be superfluous to fix at least part of the profit in order to be able to survive this moment and buy at the right time.

Quidat

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Quote from: wahyu wida on May 24, 2021, 09:30:00 PM

Quote from: Golftech on May 24, 2021, 05:46:23 PM

Quote from: cryptolord2077 on May 23, 2021, 06:51:50 PM

Every large drawdown during a bull run is accompanied by many similar messages. Why? Because people go all in. They believe that once growth is going on, frantic growth, then it will not end, in any case now, they are greedy.
As a result, they get a click on the nose in the form of deep correction and the understanding that they have gone too deep into their pocket.

Bad practice, thinking that everything will push further ending it up losing the opportunities and losing their money,

they've got rekt due to their greediness most of the time, if they work accordingly and deal with further research

this kind of situation might avoided, getting rekt mostly due to lack of knowledge into something that you are unaware.

In my opinion, greed is the most influencing in situations like this. especially for beginners who have reduced their asset value, of course, they are in a dilemma between being held or sold. I think we have to have firm action to get through it, because every thing we do, of course, there are risks

Not only on noobs but also in other veterans or experienced as well because emotion is something that cant really be stopped when it triggers out.
This will vary on how someone is strong enough when it comes to will power and self discipline on things on where they are suppress out their emotions and able to decide well
on what would the things they should do on a specific situation and since this market is unpredictable then to think that even experience or pro's do still commit mistakes.
This will only just vary on how we do handle out on recovering our losses via means of good future trades.

CryptopreneurBrainboss

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Quote from: andthereyou on May 19, 2021, 08:26:58 PM

Who did an exit strategy before the worst dip?

Those that saw the signs were the luckiest, First it was Elon tweeting negatively towards the market then the Chinese government saw it as an opportunity to carry on with their usual seasonal fud of them banning bitcoin related transaction so as to create fear in the market, cause a dump in the process and proceed to buy as much bag as their pocket can achieve.

The they proceed to clear the air on what their latest ban is all about and when you look closer it doesn't have any or that much effect on bitcoin operation in that region. But since the news came in a time of fear it'll definitely be viewed negatively and causes panic in the community.

This steps were chosen with intentions to manipulate the market, this isn't the first and obviously won't be the last therefore we should be familiar with this fud by now and use it to our advantage instead iofbeen at lose each time it does occur.

Lakai01

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Quote from: wahyu wida on May 24, 2021, 09:30:00 PM

In my opinion, greed is the most influencing in situations like this. especially for beginners who have reduced their asset value, of course, they are in a dilemma between being held or sold. I think we have to have firm action to get through it, because every thing we do, of course, there are risks

I think it is not only about greed but also about lack of experience. I could observe this last week with one of my friends:

Bitcoin dropped 5%, dropped 10%, dropped 20% and my friend gets more and more nervous and makes self-accusations like "I should have sold right away, I'm so stupid". Bitcoin then dropped another 5% and he presses the "sell" button in panic, of course at the absolute bottom and the price turns back up shortly after. What does my friend do? In panic get back in, because Bitcoin could now rise again to 100k ...

I don't know how many dollars he lost that day, but in my opinion it shows quite nicely what can drive inexperienced investors to "buy high, sell low".

wahyu wida

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Quote from: Golftech on May 24, 2021, 05:46:23 PM

Quote from: cryptolord2077 on May 23, 2021, 06:51:50 PM

Every large drawdown during a bull run is accompanied by many similar messages. Why? Because people go all in. They believe that once growth is going on, frantic growth, then it will not end, in any case now, they are greedy.
As a result, they get a click on the nose in the form of deep correction and the understanding that they have gone too deep into their pocket.

Bad practice, thinking that everything will push further ending it up losing the opportunities and losing their money,

they've got rekt due to their greediness most of the time, if they work accordingly and deal with further research

this kind of situation might avoided, getting rekt mostly due to lack of knowledge into something that you are unaware.

In my opinion, greed is the most influencing in situations like this. especially for beginners who have reduced their asset value, of course, they are in a dilemma between being held or sold. I think we have to have firm action to get through it, because every thing we do, of course, there are risks

Golftech

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Quote from: cryptolord2077 on May 23, 2021, 06:51:50 PM

Every large drawdown during a bull run is accompanied by many similar messages. Why? Because people go all in. They believe that once growth is going on, frantic growth, then it will not end, in any case now, they are greedy.
As a result, they get a click on the nose in the form of deep correction and the understanding that they have gone too deep into their pocket.

Bad practice, thinking that everything will push further ending it up losing the opportunities and losing their money,

they've got rekt due to their greediness most of the time, if they work accordingly and deal with further research

this kind of situation might avoided, getting rekt mostly due to lack of knowledge into something that you are unaware.

abel1337

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Quote from: Issa56 on May 24, 2021, 03:24:58 PM

The current dip that happened was what must people don't really expect, must people don't really expect dump from bitcoin so when the dump happened it affected must people expecially people doing futures where liquidated because must people don't really use stop lose when there are trading. Some people panicked and sold all there coins which is very bad most expecially newbies people that are just getting to start investing or trading cryptocurrency because must of them have not had this kind of experience. before but if you have been long in Cryptocurrency I believe this is just normal and you don't have to panic to sell your coin but must people that it affected are the newbies and people that are involve in futures.

I think most of the newbies or new to trading are the ones who don't use stop loss, sold at the bottom and frustrated because of the crash. Experience could greatly help you in every market situation, Those who did the same on the 2018 market crash surely didn't do the same this year. If you got rekt because of these mistakes, I hope you do learn and put pre-caution on every trade you are doing so you can avoid getting rekt.

Issa56

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The current dip that happened was what must people don't really expect, must people don't really expect dump from bitcoin so when the dump happened it affected must people expecially people doing futures where liquidated because must people don't really use stop lose when there are trading. Some people panicked and sold all there coins which is very bad most expecially newbies people that are just getting to start investing or trading cryptocurrency because must of them have not had this kind of experience. before but if you have been long in Cryptocurrency I believe this is just normal and you don't have to panic to sell your coin but must people that it affected are the newbies and people that are involve in futures.

stomachgrowls

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Quote from: el kaka22 on May 24, 2021, 02:17:10 PM

Quote from: kawetsriyanto on May 23, 2021, 06:58:58 PM

Do you mean Cut Loss? No, I am holding all my coins. I prefer to hold my coins till 2025 than I sell them now. The decrease in their values is too big, not a wise decision to sell now, it is too late. Moreover, I am optimistic that there is still hope for the market to come back to the bullish path again. If we consider the historical bullish previously, the beginning of bearish should be not in Q2. So, I assume there is still the possibility of the next uptrend this year.

I applaud you with all my heart. That is exactly how I am feeling, why sell bitcoin when you know that it will go up again? I mean there is no reason to cut losses and be done with it unless you are in the crypto world for a short period of time and you have absolutely no interest in staying here for longer.

There are few people like that and I understand them, there are people who get in, make a quick buck (or lose in this case) and get out, and those people will always exist, they prefer to be in fiat and they only care about their fiat amount and not even give damn about bitcoin and what happens to it, they could make a 100x profit and then all crypto world could crash and burn and be zero and they won't care as long as they got their own profit out in time. As long as you are not like that and care for crypto, there is zero reasons to get out right now when it is low, only time to get out is when you think you have enough and want to spend some of that in real life.

People might be thinking that the price would go down to zero specially into those who did just get in into this market and not really aware much on how these crypto market works and assume that its better to
cut loss or panic sell than into wait for some recovery.

Its not really that sensible for you to sell out when the market is dumping.Why wont consider on buying out cheap coins instead? Even though it isnt simple as it sounds but
these kind of chances are really not that often to come or simply an opportunity to buy cheap.

Many got Rekt but doesnt mean that this market is over.Its a cycle between earners and losers and if you do play up with the waves wisely then you can really
take out advantage with these movements.

el kaka22

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Quote from: kawetsriyanto on May 23, 2021, 06:58:58 PM

Do you mean Cut Loss? No, I am holding all my coins. I prefer to hold my coins till 2025 than I sell them now. The decrease in their values is too big, not a wise decision to sell now, it is too late. Moreover, I am optimistic that there is still hope for the market to come back to the bullish path again. If we consider the historical bullish previously, the beginning of bearish should be not in Q2. So, I assume there is still the possibility of the next uptrend this year.

I applaud you with all my heart. That is exactly how I am feeling, why sell bitcoin when you know that it will go up again? I mean there is no reason to cut losses and be done with it unless you are in the crypto world for a short period of time and you have absolutely no interest in staying here for longer.

There are few people like that and I understand them, there are people who get in, make a quick buck (or lose in this case) and get out, and those people will always exist, they prefer to be in fiat and they only care about their fiat amount and not even give damn about bitcoin and what happens to it, they could make a 100x profit and then all crypto world could crash and burn and be zero and they won't care as long as they got their own profit out in time. As long as you are not like that and care for crypto, there is zero reasons to get out right now when it is low, only time to get out is when you think you have enough and want to spend some of that in real life.

DigitalFox

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Quote from: TimeTeller on May 23, 2021, 05:38:07 PM

Quote from: dunfida on May 23, 2021, 05:30:02 PM

Quote from: DigitalFox on May 23, 2021, 05:12:42 PM

The only mistake I made is I got too carried away with trading btc-alts pairs and now more than 50% of my holdings are in alts. Could be a long time for them to recover.

You arent the only ones who are experiencing this but also in other traders or investors as well on where we do have significant drop in our portfolio.

Thing here is that as long we dont sell out then that wont be considered as lossing investment.Many really got wrecked on this current market condition.

Even myself is losing that much money or in negative at the moment but theres nothing you can do but rather hold until the market recovers.

And if I may add, as long as the alts you are holding are good ones like from the top alts, I think there's nothing to worry.
Because once the market recovers, and so with these alts. Unless, you mistakenly chose those pump and dump coins, which can easily be abandoned by their developers.
It is true that many lost in this market because of the current market performance, but if you can hold and there's no urgency needed with your funds, better wait for the market to bounce back.

Well some of them are, some of them aren't. No hyped stuff like doge and shiba though

I'm definitely not selling anything at current rates, unless absolutely necessary to release some cash.

kawetsriyanto

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Do you mean Cut Loss? No, I am holding all my coins. I prefer to hold my coins till 2025 than I sell them now. The decrease in their values is too big, not a wise decision to sell now, it is too late. Moreover, I am optimistic that there is still hope for the market to come back to the bullish path again. If we consider the historical bullish previously, the beginning of bearish should be not in Q2. So, I assume there is still the possibility of the next uptrend this year.

Beparanf

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Quote from: cryptolord2077 on May 23, 2021, 06:51:50 PM

Every large drawdown during a bull run is accompanied by many similar messages. Why? Because people go all in. They believe that once growth is going on, frantic growth, then it will not end, in any case now, they are greedy.
As a result, they get a click on the nose in the form of deep correction and the understanding that they have gone too deep into their pocket.

The majority of the people that posting like what you mention are those who FOMO and buy at peak. They are the fools money that drives the market up more during an uptrend. We can't blame them since they are the hero of the uptrend that's many of us got profit from there money though.

Topic: Many got REKT :( - page 4. (Read 815 times)