Topic: Massive loss 40% underwater - page 4. (Read 1257 times)

The cryptocurrency market is so unpredictable that when investing in any of these coins you need to plan for the worst case scenario, which is my investment experience in the past two years in this market. It is important to preserve capital so that you can continue investing when the market recovers.

A lot of people have been losing a lot of money during the last few months, and this is nothing new, everything is less than 40% of what it used to be on December - beggining of January, and we all suffered those losses.

This exactly what makes the price of bitcoin. Your fear. Your happiness. Your emotions. These can either make the market high or low. Your emotion affects other peope's decision. And we have to control it to keep the market going. Though it would also help if the market is low as an opportunity to buy lower price of bitcoin.

I things so bad, and now everything is not going to be stable again. I invested in Altcoin several days ago at a time when the market went up. But I made the wrong decision, and I lost 60% of my capital, everything was like black.

Frankly said im one of those persons who do purchase some alts into those periods and im really on underwater yet most of them didnt able to recover up on such percentage but somehow i do control myself and make other ways to atleast almost break even it. Just doing short tradings and make or enter positions lower to close up the gap on such loss. It would takes time and do really need patience and skill for it to be done but if you arent ready to lose up more then its much better to hold because active trades would always been riskier.



Not everyone would be happy because the market doesnt work on that way on where if theres a high price increase anyone would be happy but on the other side there are investors or traders who do lose up money too.

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.

There have been countless lessons on Bitcoin talk on controlling your emotions when investing in Crypto. I have shared my experience too somewhere how I hurriedly sold out a particular coin at exact price I bought and after a week the price doubled. Sometimes all we need is to hodl a few minutes longer.

I think you was not well prepared from crypto market, i recommend you to do some proper research before entering into the market, Never ever allow your emotions to drag you to make decision like these, i recommend you to buy some now and recover your loss .

The first thing any investor trading any asset needs to learn is how to disconnect emotionally from Investment loses/gains. I’ve read dozens of books on trading and investing and there is 1 common theme. Emotions cost money. In addition to the fact that it’s not healthy for you. Depending on what coins you are working with it may be best for you to simply hold instead of missing upticks all the time and getting upset about it. If you believe in Crypto like many of us do, your long terms holds may certainly make up for any loss as long as the industry continues to grow. Go long on some of the bigger cap coins and tokens and trade on a small scale to keep in the game and to continue learning. No one is going to say to you, “Buy 3 eth tomorrow at 10am and sell it all the following day at 7pm.” Unless it’s a some trading signals service you paid for and they don’t always get it right either. Day trading is not for everyone so the safer bet would be to do heavy research into many of the smaller cap tokens and see which sound like they have a sound business model and go long with it. Projects that have excellent business models are out to make money through useful products or services so by going long, when that company is making money so will you. Try betting on the businesses success instead of day trading w/ technical analysis. I’m not saying get out of the day trading game completely but with my suggestion you will sleep better.

That loss is so much ,if I were in your shoes I will prefer not to sell at such a big loss I will hold it for a while because with time the market will surely recover and everyone will be happy

Ouch! That is really sucks because having a loss over fourty perscent is really awful moment as a investors but we should stay positive and determined
because it will not always happen, in future income will prevail.

I think anyone that entered a position in that 15dec to 31january period is underwater right now.


Mehdi

In statement that how to know before the dump, the way you can do to know is check the market or the law of the demand in this business, because if you know the basic concept about the law of the demand, you will understand what will happen before the dump.

Indeed, the situations might not be over yet we'll have to face the greatest dip afterall.There were scenario that will put you in the test as a trader, but for me its good to have so you become more responsible on your assets of not letting go with it easily. This is the time on how your patience and self control will be measured evenly, and I am confident that if you're strong enough to handle situations like this no wonder you'll be enjoying huge profit in the future.

Yeah this kind of thing is always been part of a trader not only on crypto but also on stocks and forex traders too.Situations like this cant really be avoided no matter how good you are on doing trading loses will be there specially the market is dumping.You cant do nothing but to wait up and think on other back up plans instead of panicking better to accumulate even more since you do have trust with crypto investment then its your choice if you can still able to handle such risk.

I think you should study the market more closely mate. What you just did is a classic example of panic selling. If you see that the market is falling down, and it would seem endless or without any light at the end of the tunnel kind of situation, keep your patience. If you would sell while the market is down, you should think and see that it would not give you anything, and it would surely amount to no good. Therefore, you should first try to hold off other coins that you still have with you and patiently wait until such it you can really trade or get rid of it for profit.

Every skilled investor was in a similar situation and me too of course. You made a mistake. I consider that it is a payment for learning and experience and it is not a joke I also pay often for my own mistakes after that I feel myself broken. The better way in this situation is to get out away from market and have a break.

just calm down and take a vacation for some days without doing anything regarding crypto because when your emotions mix with your trading decisions you usually end up losing more and more.

Sad story, but that is the life of a crypto trader. It is best to follow the whales and not the prices. Buy now i.e. now at the low end of the market, then sell high at the height of the bull run. Giving up now will make you regret it for the rest of your life, keep going and don't give up

Those coins that you had mentioned is not only good for long term but you can also utilize to make money out of it on short term basis but though you would really need have the skills on doing trading.Mistakes are indeed the great teacher because these things will tell us on which thing should be avoided next.Even though we cant perfectly evade it but those things will be helpful all along and as you gain experience you find out these loss are just normal on doing this kind of investment.