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.
Topic: Many got REKT :( - page 5. (Read 762 times)
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.
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.
For majority of the bull run, a large portion of my portfolio is in USDT while the rest was in a BTC and BNB on spots which got affected heavily due to the dip. Aside from my spot bags, I'm more tethered. I'm also affected but not as much as people that were balls deep in altcoins or people who were on futures and got liquidated. Either way, it's just bad because nobody expecting it and it gets even worse because you think that since you're buying the dip, you should be safe but it's not. People who jumped in after the initial dip got burnt as well. I'm just pissed at myself for not taking profits from my spot bags when I had the chance to. Now, I would've 2x my holdings while sitting on the sidelines for market for me to be rewarded. Yet another lesson learnt here.
If not that majority of people got carried away, the signs that the market was overdue for a correction was everywhere.
If not that majority of people got carried away, the signs that the market was overdue for a correction was everywhere.
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.
Who did an exit strategy before the worst dip?
I am not yet, currently i hold only Bitcoin and it is only 0.002BTC. Maybe for people in here it look like small amount but with that i hope i can make something worthy so i am not do exit strategy but holding it with my own reason. Maybe some other people did that too. Right at this moment if you have bought bitcoin at the range price of $50k, it's better to keep hold and for sure there will always a new ATH of bitcoin price but we don't know when it will happen. Accept the REKT or there's a chance that you will recover it through keep holding.
Who did an exit strategy before the worst dip?
I am not yet, currently i hold only Bitcoin and it is only 0.002BTC. Maybe for people in here it look like small amount but with that i hope i can make something worthy so i am not do exit strategy but holding it with my own reason. Maybe some other people did that too. Yes. it s just small. Hold it for long time, you won't be worrying after another bullrun.
At least, selling is not recommended at such low prices.
Who did an exit strategy before the worst dip?
I am not yet, currently i hold only Bitcoin and it is only 0.002BTC. Maybe for people in here it look like small amount but with that i hope i can make something worthy so i am not do exit strategy but holding it with my own reason. Maybe some other people did that too. Yes. it s just small. Hold it for long time, you won't be worrying after another bullrun.
I have exited when the price hit $50k but like you, some of the coins I have in my personal wallet are stuck there. I am willing to hold them for good, because that wallet survived since 2017 I guess the coins are just going to be there until I get into trouble and that's when I may decide to cash it out. Its not a loss if held for a long time because it was there before the price turned $20k.
Who did an exit strategy before the worst dip?
https://www.google.com/amp/s/btcmanager.com/crypto-whale-3k-btc-58k-3521-btc-market-dip/amp/%3futm_source=onesignal&utm_medium=push&utm_campaign=push%2525notificationThat whale did.
Actually we can predict the dump will gonna happen as since dec'20 until Apr'21, bitcoin price always going up. Then we just need to spare some of our money to BUY more when the crash/dip comes like many days ago when bitcoin at $30,000. Many sure got rekt, but others even laughed because they are waiting for this moment to buy some promising coin with cheaper price
That whale did it pretty well.
But I am wondering when he bought another extra 512 BTC in the dip, then why bitcoin did not show little up surge hnn?
May that wasn't enough money to cover those 500B I guess.
The leftover is from the panic sellers who did not buy the BTC but only sold when the market was dumping.
I think it is completely insane if people are not buying at this point, because they will surely regret it later.
Most of the people do not make any technical analysis they only go with the flow.
I am holding all that I could, and can't even dare to sell at this point.
Who did an exit strategy before the worst dip?
I am not yet, currently i hold only Bitcoin and it is only 0.002BTC. Maybe for people in here it look like small amount but with that i hope i can make something worthy so i am not do exit strategy but holding it with my own reason. Maybe some other people did that too. 
I trade with a stop loss once my trade hits a stop loss I will be on a sideline to watch and monitor the market whether it is changing from bullish to bearish sentiment or vice-versa once I confirmed the change in the market sentiment I begin to place short trades in bearish market and long trade in a bullish, crypto market always trends bullish most of the time more than bearish trending however in the present market scenario hodlers without any knowledge of trading will get rekt, while the knowledgeable ones will quickly exchange their cryptos to a stable coin eg USDT, BUSD and wait for a change in the market trend.
Who did an exit strategy before the worst dip?
I have sold coins that were still in a profit position when the market started to down but unfortunately the decline was deep and it still made my portfolio drop quite sharply, currently just waiting for the price to bounce back Who did an exit strategy before the worst dip?
I did book my profit when the rally was on full swing but i am not planning to take any steps when the market is consolidating as i am looking for the long term and i might get back the coins if the market falls further and that is the advantage you get when you clearly know that the average valuation of the coins i hold is impossible to reach .So no matter how deep the market goes, my initial margin never gets affected whether I am shorting or not. I also usually use reasonably tight stop losses
What is the percentage you use to calculate when using stop loss, i am curious because in normal traditional market my calculation will be around 5% but what is the tight calculation in your opinion you use in a highly volatile market like this 
. 
To be honest, traders who are in leveraged long lately were the most devastated here.
Here is the liquidation on all exchanges for a particular cryptocurrency, but this is much lesser compared to the first dump a few days ago which we able to dump below $30,000 and bounced back above $38,000.
These dumps were really unexpected and I hope those who were lost a lot will be able to make it all back.
Here is the liquidation on all exchanges for a particular cryptocurrency, but this is much lesser compared to the first dump a few days ago which we able to dump below $30,000 and bounced back above $38,000.
These dumps were really unexpected and I hope those who were lost a lot will be able to make it all back.
Who did an exit strategy before the worst dip?
Im lucky that i already dump mine before the market getting worse. Because i know that elon can influence again some big investors to decline bitcoin and etc.. Next time we should not fall on this kind of game from that guy.. Its always too good to be true than expecting a good improvement in the market after all the good news especially from him.. See what happen? Lesson learned. 
Who did an exit strategy before the worst dip?
^ crypto market is falling badly, those who are losing must be quite a lot, I do not use an exit strategy to face this market, hold is the best decision to take in order not to lose in a bear market. 
Didn't really lose much. I invest in Bitcoin every month for a small amount (manageable with my salary anw), and the recent crash only hits hard with the times I bought when Bitcoin was pretty high. That was what, at most 3,4 monthly investments, didn't really bother leaving since I swore not to touch my wallet unless I'm selling ALL of them. Me panicking back then with short dumps always went back to me quite painfully, so I made a rule just for that. Still in an overall positive though, so I guess that's that.
I do not have an exit strategy that says I should sell this year or even next year. I sell when I need to have money,,, which is every now and then in addition to my salary. I just accumulate and hodl.
This is making people afraid? Good. Leave crypto and let it grow naturally:)
This is making people afraid? Good. Leave crypto and let it grow naturally:)
Many didn't expect the crash few days ago, confident traders didn't set their stop loss even if the liquidation price is far. I don't think many secured their funds with the crash because $2b were liquidated from that based on the news. This should serve as a lesson to all traders especially to those who are doing leverage trading to always set their stop-loss. No matter how good the market is going, if a fud will show one after another this will surely make the market dump hard. I only trade on spot so I should just hodl for now and accumulate more if possible.
I am yet to learn my lesson. Maybe because i am not a full time trader.i got liquidated of my 4bnb i bought the token at 450. i got affected but i don't think i am affected heavily because most of the coins i hold has been there for long and i planed not to sell even if the market is seen crashing and crashing. rather, i am thinking of getting more.
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