Massive loss 40% underwater - page 5.

Hagmonar

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Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

This is what will happen if you dont have patience in crypto trading because you will sell your coins in a lower price. In crypto currency trading patience is the number you need to rules

GalaxyWorld

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The Exchange for EOS Community

Today was a bad day for me, I lost a lot of money today, I forgot to place a sell order, now the market is going down so much so I decided to keep them always.

slashz9

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I think if you do not have experience in trading, it's better to buy a coin that does have good potential in the future you can hold it for the long term.
or if you have the courage you buy back the asset and hold it back to the capital or make a profit.
the last choice to let go, and learn from mistakes, experience is the best way to grow.

putrii

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I think that trading risk because it can not control the patience and because it is easily influenced by the waffle and market conditions that exist, should if you are good and true trading you should be able to see and analyze the news cryptocurrency and graphics are there to be able to get a lot of profits.

Joriecoinbit

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Quote from: elbimbo012 on May 11, 2018, 06:45:34 AM

Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

That is why proper timing on when to sell and nuy is important. I assume you are newbie in trading specifically in crypto trading where in price movement is unpredictable and hlvery volatile. to be a good trader you need first to experience failure as ehat happen to you as this be a good teacher not to commit same mistake again in the future. i suggest to buy only good quality coin such as btc, eth, ada xem neo and other high potential coin and don't concentrate in day trade goal set just for ling term first until you familiarized your coin price movement.

Yes, without analyzation on the markets movement we are not able to determine where is good to buy and sell our coins. In this case, everyone experience mistake and difficulties but somehow they already learned the technology .Its hard to recovered losses so for us to be secured choose a potential coin where it has a good return of profit.

elbimbo012

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Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

That is why proper timing on when to sell and nuy is important. I assume you are newbie in trading specifically in crypto trading where in price movement is unpredictable and hlvery volatile. to be a good trader you need first to experience failure as ehat happen to you as this be a good teacher not to commit same mistake again in the future. i suggest to buy only good quality coin such as btc, eth, ada xem neo and other high potential coin and don't concentrate in day trade goal set just for ling term first until you familiarized your coin price movement.

cheezcarls

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Looking for gigs

I know you feel about that because I have felt the same way like you before. We know how it feels of being greedy to our holdings until it comes down to Earth. Yep I definitely know that, but I never realized that there is a good side when it comes to the bearish cycle. If we do not buy during the dip, we would kind of regret later on when the price spikes high as we imagined. Like the upcoming Consensus 2018 in just days from now, expect the price would spike a lot on top of the SEC if they do not classify Ethereum as a security.

raven7886

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Quote from: multimix on May 04, 2018, 05:25:00 PM

The only thing that makes sense is that you only lose when you sell, but that's not something people think about because of how fiat centric they are. In the same way, you only book profits when you sell.

I do not even know why someone would want to be selling when the idea they had initially was to enjoy the long term benefit of the market they are holding on to and that is really baffling considering how some just do not always get it. If you are not trading on the short term, no one really should have any business selling out of panic because obviously, they would not even know when to even buy back and the market sure waits for no one unless they just end up getting lucky but this is not gambling, this is investment.

Quote from: bosimpson54 on May 10, 2018, 05:22:50 PM

When planning a transaction you always need a stoploss point to be able to zoning and minimize the risk, the price of that lucf is cutloss.

Stop-loss must be the only thing which would have prevented those massive losses. But for bitcoin trading, I guess we do not need to go for cutting the losses early unless otherwise we are not ready to hold for some more time. Because bitcoin prices are always known for bouncing back from any kind of downfall.

bosimpson54

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Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

I think the main reason for this failure is that you have no commercial plan, you can see that bitcoin prices in the past few days are constantly changing so hard to guess, so you have to Public trade is absolutely difficult. When planning a transaction you always need a stoploss point to be able to zoning and minimize the risk, the price of that lucf is cutloss.

Shenzou

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Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

Trading could be a very difficult and stressful job, it is quite unpredictable and will always keep you on your toughs at all time, so it take a patience and cold nerves or else you will be making mistakes such as this, the trading has been really difficult at the first quarter of this year as prices were all going down due to regulation and other crypto related new that affected the price which made making profit from it really hard, the only thing that you could do in that situation is just wait and stick to your decision, selling all your coins to cut your losses isn't a very good idea because cryptos are always bound to rise up again it might take them a month or a year to go back up again but eventually they will do, so holding and waiting would be better than going out at a loss.

Mahanton

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Quote from: wuvdoll on May 10, 2018, 09:44:40 AM

Quote from: ?? on ??

Quote from: btctalkid1 on April 15, 2018, 08:56:55 PM

was afraid that crypto will be zeroed out,

And now you're asking what to do after you sold? Well enjoy your regrets, that's it. It's a loss, what're we gonna do about it. Your sold coins are now being feasted by a number of investors in the market. You let your emotions get into you that's why. Go back and start again. Learn the hard words, buddy. Remember that this is a large market you're interacting at.

I like it when people actually get what they deserved rather than try to sugar coat the words for them Grin

; they really need to know what they are not just doing right. The problem with so many people is that they are looking for the quick and short term gains.

They have heard so much about bitcoin making a lot of people rich and they have forgotten how long some of these people have been investing and within those periods how it has been for them to still keep holding. Apparently, they always find it hard to get that into their thick skull.

This is where most people do commit mistake which their hopes and understanding about bitcoin and crypto do really works on that way without even knowing too much on how it actually works.Sooner they would able to find out that they do believe the wrong thing but its already too late because it do cost money.We cant do anything about it but to move on and regretting is already too late.The important thing on here is that we should take it as a lesson learn for us.

ShadowBits

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Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

Then my friend, crypto is not for you. You should teach yourself not to be FOMO'd by the hypes and be greedy when everything is going down.

novaprime

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UniDApp - it's DeFi time!

Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

I thought you were trapped by the sharks. Pumps will not be available in 2018 because sharks will not be easy for traders to anticipate.
I think you should sell all your coins at the present time and speculate on other altcoins. It will help you get back your lost money for a year, provided you have a great relationship and guidance from speculative experts.

wuvdoll

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Quote from: ?? on ??

Quote from: btctalkid1 on April 15, 2018, 08:56:55 PM

was afraid that crypto will be zeroed out,

And now you're asking what to do after you sold? Well enjoy your regrets, that's it. It's a loss, what're we gonna do about it. Your sold coins are now being feasted by a number of investors in the market. You let your emotions get into you that's why. Go back and start again. Learn the hard words, buddy. Remember that this is a large market you're interacting at.

I like it when people actually get what they deserved rather than try to sugar coat the words for them Grin

; they really need to know what they are not just doing right. The problem with so many people is that they are looking for the quick and short term gains.

They have heard so much about bitcoin making a lot of people rich and they have forgotten how long some of these people have been investing and within those periods how it has been for them to still keep holding. Apparently, they always find it hard to get that into their thick skull.

bestluck

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Quote from: Google+ on May 10, 2018, 12:42:51 AM

I've also suffered so many losses but all I can do is try to be sincere and accept the reality and record what makes me lose so I try very hard not to repeat the mistake that ever happened.

I will say that this will not be a lose for all of those who stay within the community of bitcoin and do not sell their coins when the price of it reduced. As the price is now recovering and anyone who sold their coins only faced the lose and now cannot recover their lose without any struggle while those who just kept their money in bitcoin are happy and as they seeing their money recovering.

horrifiedx1

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i think you are psychological crisis, i suggest to keep calm and cool in face of market. we can see the current price is back up and i think will continue to rise, although in that run are fluctuating

Google+

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I've also suffered so many losses but all I can do is try to be sincere and accept the reality and record what makes me lose so I try very hard not to repeat the mistake that ever happened.

Kevin77

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Quote from: LogitechMouse on May 09, 2018, 04:58:27 AM

Quote from: btctalkid1 on April 15, 2018, 08:56:55 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?

This is very frustrating indeed because like you, I also invested my money at around January when the price of bitcoin is around $14k at that moment but I used it for trading. Now my money that I invested at that time is now gone but I don't feel any regret or anything right now because I can afford that money to lose.

The only thing you can do now is to move on since you have done a major mistake that makes your capital cut down into half. Just move on with it, invest again and take time to do some research. Maybe I suggest you need to buy long term coins and don't move it anywhere. Hold it for 1-2 years I think. If you are trader then you can trade some of your money so that you can gain some profit faster than holding.

Well, good for you that you could afford to lose it but the thing as well is to always play it safe, because the fact that you could afford to lose it does not mean you could not have played your card intelligently.

However, moving on or starting all over again without repeating the same mistake is all that counts. Like they always say, it is only a big fool that will keep repeating the same thing and then keep expecting to see different result. Normally, I always tell people that when what you are doing is not working out fine, then, do the opposite.

blockchainwriters

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For anyone, who is not good at analysis market in detail, it is best to go for long term hold. If you want to do a short term trade, you got to have a good grip on the trend.

el kaka22

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Quote from: SolomonSollarsNSense on May 09, 2018, 03:56:41 AM

Quote from: BarbusseH on April 15, 2018, 11:42:42 PM

50% is relatively small compared to others - you bought good coins, you do not need to sell them, after some time prices return to peaks and are likely to exceed. I myself in such cases say that I lost money, but I gained experience.

He must have let his emotions play him along the line, or maybe he felt trading them and buying lower would pay him without realizing that the market is very volatile and it takes a lot of skills to be able to trade which is one thing most of them do not know and would still want to go ahead anyway. The best thing is just to buy back and hold while waiting for the huge profit. One thing never to do is to get greedy, sell into FOMO and buy back at the bottom but selling at bottom is way wrong.

That has been the problem of a whole bunch of them all along and the problem is they have the wrong notion about investing in this space which was the main reason why we had a lot of FOMO last year and one thing that I am sure they would not get to repeat again.

The worst part however is waiting all these while only to end up selling at the bottom ? Who really should be doing that except someone who is just pretty dumb enough to not know what exactly they are doing.

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