Massive loss 40% underwater - page 3.

ApocalypseNow

full member

Activity: 476

Merit: 100

Quote from: btctalkid1 on April 15, 2018, 09:56:55 PM

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

If we based on the current situation, you can actually bought the coins that you have just sold and get back in the game. Maybe selling it in the first place was already a bad idea but that 10%-20% gain that you felt frustrated about is nothing because it will tank again because there is not so much good news in the market.

joshuarose

newbie

Activity: 94

Merit: 0

Quote from: btctalkid1 on April 15, 2018, 09:56:55 PM

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

For now I'm still waiting for a miracle from God to be able to recover the price of bitcoin and other assets back at the best price, and I'm still waiting for that,

Sandra999

newbie

Activity: 182

Merit: 0

What I advice is that, you need to accept what happened and move on. Things like this happens and you need to take it as a learning curve. You also need to identify the coins you believe in, invest and leave them for the long term until they give you profits

aervin11

full member

Activity: 602

Merit: 103

Your situation is kinda bad. Having losses and making wrong decisions that makes you lose even more and have nothing to do with it, that is trading. Being new here and don't have the appetite to survive those things would creep you out losses after losses after losses. I would suggest you to go HODL and chill, trading is really hard, hodling is just another way of saying "Investment".

kit_finance

newbie

Activity: 25

Merit: 0

If you mean that you have lost 40% on the cryptocurrency exchange rate, then you just need to wait until this rate rises and Wake up in the black.

Fredomago

legendary

Activity: 2996

Merit: 1054

Leading Crypto Sports Betting & Casino Platform

Quote from: ralph_0608 on August 18, 2018, 01:47:51 AM

Quote from: btctalkid1 on April 15, 2018, 09:56:55 PM

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

Just invest only in solid altcoins and find a good entry price you need to be patience if you want to earn profit. many traders are struggling right now specially the newbie one even my portfolio is currently negative 68% but still i'm hopeful that i can recover and i'm confident that it would happen because i only invest in top 10 coins in coinmarketcap.

Actions should be stronger than your emotions, if you want to take another shot inside trading business you should control your emotions first, wrong actions should be considered as a learning steps you can buy top coins from the coinmarket review the movements of the team and monitor how well they manage to continue even in a struggled market,be patience and wait don't sell with another loses.

ralph_0608

full member

Activity: 406

Merit: 104

Quote from: btctalkid1 on April 15, 2018, 09:56:55 PM

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

Just invest only in solid altcoins and find a good entry price you need to be patience if you want to earn profit. many traders are struggling right now specially the newbie one even my portfolio is currently negative 68% but still i'm hopeful that i can recover and i'm confident that it would happen because i only invest in top 10 coins in coinmarketcap.

Gurueconom

newbie

Activity: 140

Merit: 0

Definitely not panic! We took this risk deliberately. And they had to be prepared for losses. Assess the situation soberly. Are there any chances for further growth? If everything is bad or you do not understand the issue, then take the rest of the money and look for ways to solve it.

kaisa

full member

Activity: 560

Merit: 145

based on your case, because of your carelessness. I see many people also lose their money due to market fluctuations, this proves that they lack an understanding of money management. as a trader, it should be able to make good trade management, but most people are afraid to lose their money and choose to hold back, rather than suffer a small loss. when market fluctuations experience a downward trend, they only realize the amount of money they lost.

aggeyysido

jr. member

Activity: 112

Merit: 1

The Intelligent Retail Currency

In no case do not try to recapture the entire amount with one large investment that will cover all previous expenses. This is the wrong strategy.

metribitcoin

full member

Activity: 420

Merit: 102

You loss big money because dont use stop loss in trading, for situation of crypto market now there are sign already the market will be back to bull run, so its better hold untill you make some profit. Crypto price in long times already in the bottom and has big probability to push .And then after that, you have to change your risk management by use stop loss whenever you make trade.

iamwagner

jr. member

Activity: 118

Merit: 1

You made the #1 mistake. You got impatient and panic sold. This is what the whales are trying to make you do. Your emotions got to you. Get into coins you believe in 100%. Stick to your guns if things go wrong. Possible dollar cost average. NEVER sell at a huge loss in this game though. You won't last long.

jerowacik

legendary

Activity: 1162

Merit: 1000

There is an unbreakable rule in trading says that you should never involve your emotions in trading. Bitcoin price had crashed by 40% in three days. Now what? Just go and buy a second portion of the coin to make 40% plus.

loof99

sr. member

Activity: 524

Merit: 258

Having a loss is really a worst nightmare as a investors but for me it will be better if we used that experienced to become a better person by learning what is the mistake we did in having it.

zanjerbits

copper member

Activity: 154

Merit: 2

you have to analyze the market trend before buying the coin. 40% loss is too much but I think holding your coin on that price is not good as well, I cant suggest to hold especially if you bought it at higher price. In contrast just in case you bought the coin in dip you can hold it even the coin reach 50% or more dip. it is also good to consider that whenever you buy a coin always save some money just in case the coin will dump again so you can buy more.

Gdra467

newbie

Activity: 137

Merit: 0

You could still reclaim some of your money if you could devote some time to learn some trading skills. Apart from BTC most of the alts haven't done so well recently. You could choose some of these alts which are down by a significant percentage, buy them and sell them when they increase by your preferred percentage.

bitcoin31

hero member

Activity: 1834

Merit: 523

Once you see the coin that you hold dump, I suggest better if you make some research what is the reason behind that and for sure you will see if they have possible pump again or not and you will be decided now to not lost more money. Because look because of selling coin you lost more of your capital.

dev9t9ok

newbie

Activity: 154

Merit: 0

It is experience which you have acquired by paying quite much. There are two ways. The first one is to leave from market and forget about investing. The second one is to stay and try again. There is a nice advice for you that you need some time to get relaxed and forget about everything to begin from a clean sheet again.

clickerz

hero member

Activity: 1414

Merit: 505

Backed.Finance

Quote from: DianaZher3 on July 21, 2018, 04:08:27 PM

If you say that you sold most of your crypto currency reserves with a big loss, then you now have nothing to do. You can buy crypto currency again and keep it at least 1-2 years.

Well trading has its cycle,that's s long wait but others who keep holding more than that, got a handsome gains. Just buy and hold a good coin with greater community support and utilization. Together with active development and community, surely this coin will recover and bounce back once more adoptions is on place.

cryptoking1981

jr. member

Activity: 47

Merit: 1

The problem is a lot of people invested without with poor advice of pumpers, youtubers with self interests.

You sold while at loss as many others have done. Your decision may be correct as the market is still in a downtrend.

What many new investors fail to realise is that 90% of crypos will undoubtedly go to 0, so no one can say for certainty if the coins you sold was a bad move imo

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