Topic: Massive loss 40% underwater - page 6. (Read 1319 times)
That is why most people who are experienced in crypto advice not to be emotional. Crypto investment and trading is not for impatient people. The market will not fall forever, if you are impatient you will end up selling with loss, if you can wait for the market to recover, you can avoid losing and may even end up with profit.
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.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?
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.
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.
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.
Patience is vertue thats the motto of almost all crypto trader specialy if you dont have a good skills in trading. That why you have to hold you coins for a long term and patiently wait for a good time to sell without lose unless you badly needed that money and you dont have a choice but to sell.
There is a good principle of risk diversification. Part of the money is in fiat and buy with a strong drop of crypto coins. Part in bitcoins or etherium - they will still grow in price. And the part in alt coins with high growth potential.
have patience and research. don't get trapped in FOMO i missed the opportunity too but waiting and watching the market.
The market will always dump no matter how good the technology is, so if you missed the train don’t worry there’s another one and don’t forget to ride. The opportunity in cryptomarket will never end, and you better to start studying now.
For people who are new in crypto world its hard seeing the price decreasing because they think it cant recover anymore so they chose to panic sell instead of waiting. Its a typical mistake of weak investors, sometimes monitoring the prices often is not advisable especially if you know that you're not patient in your investment to gain.
Well it happened already so you have to move on and learn from your mistake that panic sell wont give you profit, you will only realize its not a good idea if the coins increased after you sell them and you experienced that already thus next time practice to be more patient unless you decided to quit investing.
Well it happened already so you have to move on and learn from your mistake that panic sell wont give you profit, you will only realize its not a good idea if the coins increased after you sell them and you experienced that already thus next time practice to be more patient unless you decided to quit investing.
stop trading! an only invest the amount you are absolutely willing to lose. let it be a lesson for you, what did you learn from this experience? what would you have done differently? you most likely got into cryptocurrencies out of greed and exited out of fear, so you need different motivation and drive to invest. good luck and hopefully you'll recover your loss.
That is the main reason why most of the people lose money here because they get panic and sell their coins at a loss. Now the market is a little bit down I will recommend you to buy back those coins which are not yet recovered. And after that wait for those coins to recover and like this you will cover your loss.
Current markets are rebounding back and you can see that on the coinmarketcap market there is a very beautiful green. I think the market downturn is over and the current trend is cryptocurrency. Opportunities are coming i think investors should grasp during this time.
Keep calm and wait, many of experts are saying that the market will go up soon, your funds hopefully will be restored.
That is the main reason why most of the people lose money here because they get panic and sell their coins at a loss. Now the market is a little bit down I will recommend you to buy back those coins which are not yet recovered. And after that wait for those coins to recover and like this you will cover your loss.
Here's what you have to do. Avoid all of the advice you see on here, see what your risk tolerance is AT THE MOMENT and then decide what is best for you. As there is really only two decisions right now, you have the decision to cut your losses and get whatever you can back (writing off the rest for tax purposes) or holding on and seeing if you can recover.
Do whatever you CAN DO, no one else can help in this decision as we don't know you.
If you believe all that, you'll believe everything! Most advice you got here are off people's experiences and who else would you lend your eyes to, than the one, who has been there and done that. You need not just to research about the market, but to comprehensively learn how the market works, that's where you will find if cutting your loss can be said to be a desirable solution or yet another problem!Do whatever you CAN DO, no one else can help in this decision as we don't know you.
Here's what you have to do. Avoid all of the advice you see on here, see what your risk tolerance is AT THE MOMENT and then decide what is best for you. As there is really only two decisions right now, you have the decision to cut your losses and get whatever you can back (writing off the rest for tax purposes) or holding on and seeing if you can recover.
Do whatever you CAN DO, no one else can help in this decision as we don't know you.
If you believe all that, you'll believe everything! Most advice you got here are off people's experiences and who else would you lend your eyes to, than the one, who has been there and done that. You need not just to research about the market, but to comprehensively learn how the market works, that's where you will find if cutting your loss can be said to be a desirable solution or yet another problem! Do whatever you CAN DO, no one else can help in this decision as we don't know you.
have patience and research. don't get trapped in FOMO i missed the opportunity too but waiting and watching the market.
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?
You have done big mistakes for which you have to pay the price. The first mistake you did is that you entered the market when it was at peak. You should have made you research and analysed the market condition before investing in it. Even if you didn't understand the market condition you should not have sold it for a loss where you did your second mistake. Never sell in a loss. You should have hold on to your coins.Never invest in a coin you don't believe in. We believed in BTC and that's we hold it and see the price is rising slowly. 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?
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?
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 obvious newbie’s mistake. First thing you need to do is find where your fault is. Know your problem, if you able to find your fault half of your problem is solve. Based on your story the problems you have encountered are you didn’t know when the correct timing for entry and exit of trading. I would suggest studying the TA tools most specially the Fibonacci retracement. These will greatly increase your chance of success in trading.
You need to let this one go if you’re really want to recover your loss. A loss in trade is very common; but how you would react to those failures is different.
Perhaps your behavior suggests that you have too little experience for such investments. You can try again with the smaller volume. But I'm not sure that bitcoin has already started to grow steadily. It could still happen again.
For such reason, it is often said that first go to the learning sites and learn completely about what you are going to do. We people are so hurry and always in haste. We really can’t wait and see the things coming to us gradually rather we have to jump and try to grasp everything in such short time. Such blunders comes in the market when an ignorant person start trading without basic knowledge. 
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?
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 you don’t have the stomach for trading or even watching the fluctuations in the prices, I recommend one of two choices:
1) Find a few cryptocurrencies that you think have potential. Buy and just hold long term for maybe a couple of years and you may recover your losses and make a profit. I recommend that you buy top coins like Bitcoin, Etherium, and a couple of others in the top 10 of market cap.
Or
2) Just accept your losses and move on.
I would actually say, take the strongest market caps and believe on them. Make it simple for yourself and buy just some Bitcoins and hodl. The trading Thing I guess is almost like a lottery. You will never find the best bottom or high.
The reason you see a lots of folks here creating thread and making boring comment aboult holding is because of situation like yours. If you give up at the turn of market, the regret might stay with you for a long time.
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