Massive loss 40% underwater - page 9.

RodeoX

legendary

Activity: 3066

Merit: 1147

The revolution will be monetized!

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?

Consider that you suffered no loss at all until you sold at a loss. You are going to feel even worse if we top $30k later this year. If you really must "invest" in bitcoin rather than use it as intended, then never bet more than you can lose and never take less than what you paid.

krauzzer02

full member

Activity: 378

Merit: 101

you have to change your perspective for entering in the cryptocurrency that you need to view your crypto assets without a value if you are preferring to hold for a longer term, what I mean is to build your confidence into a certain coin as you are convinced that no matter happens, your holdings will always survive who has the potential to grow as the time passes by, find that assurance on that coin then prohibit yourself to look on the CMC or any other platforms that displays the price regularly.

13abyknight

sr. member

Activity: 602

Merit: 252

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 feel sorry for your losses and you can only blame your indecisiveness here. There's a golden rule in crypto trading which says 'HODL' till you die. At least if you abided by that rule till today, you wouldn't be at that big of a loss and instead would be cutting at around 15-20% instead. For the record, next time onwards, make sure to follow the golden rule and journey yourself to the profit shore.

Kemarit

legendary

Activity: 3080

Merit: 1353

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 are one classic example of a investor who really thinks that selling is the best option in a crisis. You have to understand that you are not losing any if you are not selling obviously, and believe me, you are not the one here who have lost massively during the crash but we stay because selling is not at option as this stage. Sadly though for you, the market has bounce back a little. Maybe the best thing to do right now is just put investment in portions and see how it goes for you. Really a hard and very expensive lessons to learn, but hey everybody makes one stupid mistakes but its how to stand up and move forward.

firemagus

jr. member

Activity: 32

Merit: 1

Ouch. I personally cannot sell at more than 50% paper loss. I know it is is unlikely to go all the way down to zero so I just hang on. Your emotions and fear definitely got the best of you.

Ninciabr

newbie

Activity: 56

Merit: 0

For those who have been trading for a long time, this is a classic situation and everyone gets into it from time to time. You can start buying again a little bit, but don't sell until you grow up.

airdropan

member

Activity: 532

Merit: 11

♦♦♦♦♦

its called experience
its okay i even loss more than 80%
that on nxt , i lost more than 0,4 btc at that time
but its okay lets move on then forget it

best thing after that i just looking for good ico then found 1
i got recover from that
maybe u should do the same
look for some good ico

Kingofbitcoin12345

full member

Activity: 462

Merit: 102

I think that’s one of the worst scenario that an investors have experienced and that’s a bad decision making strategy.. The execution in buying at higher price and selling on a lower price is the opposite of all what a good investors does..

It’s done and we can’t change it,, but you have to learnt something out of it.. And acceptance of mistakes is good start to studying the market again from top to bottom..

Remember this: You might have loss money at this process,, but you have the chance to profit big to replace it.. From now on,, do the right thing.. HODL till the end..

bitcad4u

sr. member

Activity: 602

Merit: 255

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 is best for long term.If you don't have patience.Just get out from trading.If you have a patience,I have one idea for you.Just inverse in some of the potential crypto currency.Some of the trusted crypto currency are Bitcoin,Litecoin,Ethereum.
You have to check bitcoin price only once or twice in a day.Then you won't get tensed by the small fluctuation.

Aprodite

member

Activity: 364

Merit: 17

My advice. before you sell bitcoin, you should look at bitcoin prices a few years ago. because bitcoin always experienced a price correction after the increase. the mistake you are making right now is to sell when bitcoin is still experiencing a price correction. and for now, all you can do is hold and be patient. Never panic when prices start to decline. Do not be too affected by the bad news that is in circulation. Because it will only trigger your panic to sell in low price. Believe me, that bitcoin price will rise again.

taiwww

sr. member

Activity: 588

Merit: 257

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?

There is no point in asking what to do now because what you should have been doing is already gone! I mean the hold stuff I am talking about which every experienced person here will tell you in the first place and you can see the result in front of you. If you would have stayed calm and took the decisions patiently at that time then you could have easily grabbed 50%++ in net profits and would have been enjoying your different story telling everyone how you made more money from crypto.

Now you can just keep whatever you have as it is and hope for the best that the prices will spike towards an ATH rate like last year. That will bring you to the break even I guess.

MinerHQ

legendary

Activity: 1456

Merit: 1023

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?

Firstly you entered at a wrong time this market but anyway we can't guess which is a right time and which is a bad time. But if you don't sell then you don't make a loss because current losses may be a temporary one and once markets recover then your losses also recover back.

Since your a new to crypto investments so your not used to this high volatility market and sold in a panic. This has a good learning for now. I think still you may get a chance to enter the market again at a lower than your sold prices. Next time don't buy all at once instead spread your buy orders.

lablab03

full member

Activity: 1064

Merit: 112

That's is the common problem when you're so greedy and so hasty to earn more with it. And now your lack of idea how to ride back again, so leason learned pal and always bear in mind that selling while you have loses is not a good idea . And you must put some patience on it if you want to gain profits instead of losing money from it.

Leonard2016

hero member

Activity: 1036

Merit: 520

rule number 1 : never invest the money you can't afford to lose in cryptocurrency.
rule number 2 : it is a jungle out there you need to be very careful.
rule number 3 : trading with out putting stop loss is like jumping without parachute

well the good thing is that at least you have learned something , and let's hope you use these informations for future .

aoluain

legendary

Activity: 2380

Merit: 1343

You suffered initially from FOMO (fear of missing out) and bought too high
And then suffered from FUD (fear, uncertainty and diubt) and sold too low.

I would also recommend if you have the stomach for it to get in again with
coins in the top 10 of coin market cap and look to the long term.

If you cant trade, dont

willnotwas

member

Activity: 286

Merit: 10

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?

Nobody said this would be easy. After all, people who invested in crypto in December 2017 must have known that there are a huge risk to end up with nothing. Regardless, they invested their savings and funds borrowed from banks. God is their judge.

nidacoinlove

sr. member

Activity: 588

Merit: 254

It is a dilemma with the new Bitcoin adopters. People just threw their money in it when it was at it's peak in December and then January but when the price came down; they didn't look at the past and sell. History is very important to know for Bitcoin investors. Its price fluctuate faster than anything, you will never know where exactly will the price go. All you have to do is to wait for your time, if you have the guts to bear pressure. If you want to cover your losses you still have time to return to the game and if not, then just stay outside.

LodisMcguire

sr. member

Activity: 546

Merit: 261

Well you have to experienced it sooner or later,so it's good that already happened.Now you got the understanding that crypto business is full of risk and you can't play it short term.You have to start over and don't make the same mistake again,start invest now and wait for the price to reach new ATH.Just hold and wait and don't you ever cutloss.

buwaytress

legendary

Activity: 2968

Merit: 3684

Join the world-leading crypto sportsbook NOW!

Year-on-year. Just think about that for now. You're probably fortunate you bought in at the time you did instead of a couple of weeks or so earlier. Everything is about perspective, and the perspective for Bitcoin is time. You've seen it for yourself now, haven't you? You sold barely three months after buying it. Look around you, in this relatively short time frame, Bitcoin has been good to people willing to have patience, while those who couldn't wait have been stung repeatedly.

aardvark puts out a really good point too. You've got to have the stomach for trading. Bitcoin markets are scary as hell to watch.

Kolly

member

Activity: 208

Merit: 10

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 that you were one of those people who panicked because of the downfall of prices. If you want to recover your loss then invest again but i hope that you do learn from this experience.

Topic: Massive loss 40% underwater - page 9. (Read 1309 times)