Massive loss 40% underwater - page 7.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: richminded on April 23, 2018, 05:59:40 PM

Quote from: ItsEzMkay on April 23, 2018, 12:05:03 PM

Unlucky timing buddy, but the best thing you can do for yourself now is dust yourself off and learn from it. It will hardly help being angry or frustrated and it will be a long road back to gains but if you put in the time and effort, you should be able to make it back!

Well this is what emotion can do to your investment, if you really have no patience and enough knowledge about the market for sure you will experienced this thing. Move on bro, you already made a mistake by selling at a loss and you cannot turn it back better for you to start over again since this market will not stop making people rich in the long run.

If someone loses money then someones who became rich or do make some profits and that's how the cycle works into this trading world which as a wise trader or investor we should really stay always wise into price movements. Emotions can really be a big factor that can really affect our trading profitability and might even result to worst case which is losing money. Negative profits do really hurt but you should really resist the temptation on selling on loss.

richminded

sr. member

Activity: 798

Merit: 268

Quote from: ItsEzMkay on April 23, 2018, 12:05:03 PM

Unlucky timing buddy, but the best thing you can do for yourself now is dust yourself off and learn from it. It will hardly help being angry or frustrated and it will be a long road back to gains but if you put in the time and effort, you should be able to make it back!

Well this is what emotion can do to your investment, if you really have no patience and enough knowledge about the market for sure you will experienced this thing. Move on bro, you already made a mistake by selling at a loss and you cannot turn it back better for you to start over again since this market will not stop making people rich in the long run.

ivrynx

full member

Activity: 518

Merit: 103

I think what had happened to you is very valuable lesson, as well as a very costly one, when it come to investing, one of the basics of investing is buy low and sell high, and from what had happened you seemed to bought your coins during the bull trap, with this move, you need to learn and study further, i think you had ended up buying into the FOMOs, since a lot of said on december that cryptocurrencies will be the thing that will replace gold and you have invested in coins merely in the hype of the market and forgot to read the charts and see the updates, what you can do with losses is, if you can still try to cost averege do it, so as to prevent further loss in the future or you could just simply cut loss, however for theor coins thst are below 10 sats but the project is still alive, i suggest to just hold and wait till what happens, then you can sell it at a higher pricer preferrsbly higher than your initial, or just even it out.

Tomik21

member

Activity: 2184

Merit: 10

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.

ItsEzMkay

full member

Activity: 303

Merit: 100

Unlucky timing buddy, but the best thing you can do for yourself now is dust yourself off and learn from it. It will hardly help being angry or frustrated and it will be a long road back to gains but if you put in the time and effort, you should be able to make it back!

elbimbo012

full member

Activity: 476

Merit: 108

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?

Crypto trading is more riskier than stock trading and much riskier if you are newbie in trading market volatility of price are very unpredictable huge move up and deep fall down i suggest to invest only in top 10 coins and just hold for long term just be patience cause market may recover soon and that would make you more dis appointed seeing your coin slowly recovering but you have already sold all your position. it would serve as your learning experience to become a better trader someday.

Whosdaddy

hero member

Activity: 1148

Merit: 527

Quote from: aardvark15 on April 15, 2018, 09:05:43 PM

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?

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.

Yeah, shit happens, he has made a huge mistake, but all hope is not lost. The only time anyone is losing is when they sell at loss and as long as they are holding, the market will always recover. My advice for the OP is to buy back and just hold on to what he has.

The market will not just grow in a single day and if he has money he should buy more at the dips to get the best when the market recovers. However, trying to get the best of the fluctuations without any knowledge of trading is a terrible thing to do and that would even lead anyone into more frustrations.

danherbias07

legendary

Activity: 3262

Merit: 1130

Leading Crypto Sports Betting & Casino Platform

A hard place into where you at right now. It will be harder to trust again and invest.
My opinion? Look for another option. One example is an ICO's. PundiX is at good start now. Every investor already gained x4 of their investment and I didnt even add up those bonuses they received from pre-ICO and also the monthly airdrop for those who have balances in their wallets.

Try to look for the service that you will prefer so that you can support it easily when it comes to the telegram chat.

malikusama

copper member

Activity: 1050

Merit: 294

I think you have learned a lesson that don't panic during downfalls in cyrpto world, don't worry many beginners do the same in their early stages because not all have ability to stay calm.
I will suggest you to learn about the market and observe it for around 2 months so you would be able to analyse the market.
The last downfall was the best time to buy but there is still potential in the market to rise more, so if you really want to earn big then buy now and leave it until the price reaches the new ATH.

Supercrypt

legendary

Activity: 1554

Merit: 1054

Quote from: apityeh71 on April 15, 2018, 09:49:54 PM

Look like this is first times you bought crypto, if you bought popular crypto and now the price drop 50% you have to wait extra patient for bullish trend because will be any times for that. And now Bitcoin and other crypto look just started to bull run so get it and hold it in a few month to recover loss and if you dont buy back again you will forever in loss.

The OP panicking and trying to play a trader when he is even finding it hard to be a real investor will only end up flopping badly in the long run and end up letting emotion play the best part of him into the worse ones.

The reason we always clamor on holding is not because we want people to lose, but it is because panicking will not help them and trying to trade without having any trading skill or knowledge will not help them either. In the long term, the market always comes back better and that is all that matters.

gabmen

hero member

Activity: 1246

Merit: 529

CryptoTalk.Org - Get Paid for every Post!

Quote from: Eternad on April 22, 2018, 02:58:21 AM

Quote from: wuvdoll on April 22, 2018, 02:23:27 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?

You will always end up more frustrated if you do not hold as long as you are not a trader. What on earth is wrong with you guys? Why did you come in to invest in the first place, the quick gains or the long term benefit ?

As long as you cannot trade the market and you are not sure of what you want to do as a trader, hold until you see the huge value in the long run. See it this way, we have the same high level of fluctuation early last year and bitcoin even traded below $1000, but here we are testing around $9000. If that alone cannot give you a clue of what the future holds, I really wonder what will.

Those who panic just want a fast profit, they might not yet know that when they enter crypto mostly they need to put patience. Soon they'll be able to know it more.

Well the problem here is the reason why they entered the market in the first place. There's no one to blame but yourself dude. A lot of people made the same mistake and paid the same price. Its an investment. You don't get in because of hype because almost certainly you'll end up with a loss. It would take huge amount of patience to be able to wait to cover your losses

Eternad

hero member

Activity: 1260

Merit: 607

Leading Crypto Sports Betting & Casino Platform

Quote from: wuvdoll on April 22, 2018, 02:23:27 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?

You will always end up more frustrated if you do not hold as long as you are not a trader. What on earth is wrong with you guys? Why did you come in to invest in the first place, the quick gains or the long term benefit ?

As long as you cannot trade the market and you are not sure of what you want to do as a trader, hold until you see the huge value in the long run. See it this way, we have the same high level of fluctuation early last year and bitcoin even traded below $1000, but here we are testing around $9000. If that alone cannot give you a clue of what the future holds, I really wonder what will.

Those who panic just want a fast profit, they might not yet know that when they enter crypto mostly they need to put patience. Soon they'll be able to know it more.

richcorner100

full member

Activity: 616

Merit: 100

https://exip.live/

You have to buy back soon before next bull run coming, and chooce coins that has massive potential and has big volume transaction. You have to learn more about technical analysis, because you just make mistake by sold the coins on oversold area. When price in oversold area that mean very possible the price will be going up.

wuvdoll

legendary

Activity: 1442

Merit: 1025

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?

You will always end up more frustrated if you do not hold as long as you are not a trader. What on earth is wrong with you guys? Why did you come in to invest in the first place, the quick gains or the long term benefit ?

As long as you cannot trade the market and you are not sure of what you want to do as a trader, hold until you see the huge value in the long run. See it this way, we have the same high level of fluctuation early last year and bitcoin even traded below $1000, but here we are testing around $9000. If that alone cannot give you a clue of what the future holds, I really wonder what will.

SupplyBloc

newbie

Activity: 56

Merit: 0

Learn from it. It's said to only invest what you can lose because that helps take emotion out of the equation.

cheeseandcrackers

member

Activity: 155

Merit: 16

Learn to diversify what you invest in. Investing all into one thing is kind of a bad idea unless it's pure bitcoin, ethereum, or any other top coin, and even then still ill-advised. On top of that, you need to learn to cope with losses and fluctuations in price. Bitcoin will likely regain it's value eventually. If you don't have the patience for that sort of thing, you need to change your trading strategy, or just stop altogether. Just dump some money into a few different coins and forget about them for 6 months or a year or more. Make sure they're projects you believe in, that actually have a future. Just let it go.

squatz1

legendary

Activity: 1666

Merit: 1285

Flying Hellfish is a Commie

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.

Scallywag

full member

Activity: 249

Merit: 100

you need to do more research on investing in crypto because you made one of the most common mistakes that are warned for everywhere. you panicked and sold your stash because of that, while everyone who has an idea what they are doing already go their money out or are just waiting it out. because this crash has been said to come since december. you probably sold your coins to someone who was smart enough to sell high and buy back lower, this is the game and you need to learn what is going on if you want to recover some losses.

dharnamonitor

full member

Activity: 448

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★Bitvest.io★ Play Plinko or Invest!

That's worst haha to think that you loss more than a half of you investments, seems you entered something you're not very familiar with and got panicked. Before you decide to trade you must first learn by using a demo account and read some people's experiences on trading that you might also encounter.

Ararbermas

sr. member

Activity: 2016

Merit: 283

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?

sorry mate but you already sold it and indeed there's no other ways to regain your losses on it , unless if you can afford to buy now 'cause the price seems to grow soon due to some positive news nowadays. Or wait for it to drop again before buying , and always bear in mind " must buy what amount you can afford to lose, " to avoid regrets at the end also you must control your emotions for the sake of your money. By the way long term is the best choice mate when it comes to investment in different kind of crypto, except if you have enough knowledge how to ride the waves.

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