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Topic: Panic loss me 10800$ , so patient is the key (Read 3068 times)

jr. member
Activity: 266
Merit: 1
”Decentralized Digital Billboards”
October 01, 2018, 12:33:13 AM
Selling or buying a token is also a risk. But if you did not buy it, but earned it by writing daily posts. Svaim hard it is like your brainchild, it will be a pity to you and hurt with the token spread. Therefore, you will keep it until the last. Maybe when you are not lucky and your token will be worth a good price. But of course the price of the token will be good after some
newbie
Activity: 72
Merit: 0
Still you got profit and lucky for you it only takes hours, nothing to be depress, it is not the time for you. And you learned a lesson, next time study the chart and learn to wait.
member
Activity: 532
Merit: 10
Don’t worry you have take small profit how come if you keep hold and save your asset for waiting at higher price, but your dreaming is not come true but price drop, enjoy your profit and take action for other investment coin, maybe next time you will lucky.
sr. member
Activity: 485
Merit: 250
Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you





Yes, it is better for you to wait till the price rise.
sr. member
Activity: 770
Merit: 250
Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you

I've been told by my friend about something like this if we wish to dedicated ourself in cryptocurrency, we need to keep calm and don't get too much affected if the price on market is suddenly dropping or we'll end up loosing even more. We can just wait and be patient if we wish to get what we really want in cryptocurrency.
member
Activity: 406
Merit: 10
September 30, 2018, 09:56:11 PM
I also experienced the same thing. I buy some altcoins and after some time of price drop, I decided to sell it in a cheaper price to avoid further loses. After a week, the value started to rise. Panic will do nothing good in this world of cryptocurrency. It will just give us careless decisions that will make us regret.
newbie
Activity: 196
Merit: 0
September 30, 2018, 09:21:28 PM
You buy .00004600 ETH and sell .00004800 ETH, so you have earned a profit. Done 3 days later you look back at the price it keeps rising and you tell  lose. So if the price drops for 3 days, what do you think? Look at how you say I think you are not a trade pro
member
Activity: 247
Merit: 10
September 30, 2018, 09:02:24 PM
Panic is the main cause of people for losing profit. Panicking makes you not think well, it clouds your mind up and make you take rash decisions which always leads to regret in the end. When trading in cryptocurrency it is very necessary and important to never panic in order to think well. Learn from your mistake and grow from it.
hero member
Activity: 1106
Merit: 502
September 30, 2018, 08:58:07 PM
It is true that the key to trading is "Patience", sometimes I myself am also difficult to use the word when cryptocurrency.
The level of human emotion is always changing, the same thing with cryptocurrency trading that is always changing.
member
Activity: 392
Merit: 14
September 19, 2018, 05:59:23 AM
You have at least no losses, which is much better than most people. Most people have lost more than 70% of the money, so you should be thankful.If your token price drops a lot in a few days, you won’t think so because you can’t predict the future price.
member
Activity: 105
Merit: 10
September 19, 2018, 05:30:07 AM
Panic always was and will be in cryptocurrency. It is necessary to get used to it now. The head to think clearly and not to give in to emotions.
full member
Activity: 658
Merit: 100
September 19, 2018, 05:09:53 AM
Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you




"losing" is the loss of assets that you have, from your story that I read you only lose the opportunity to sell at a high price because of lack of patience, if you say it's gone? even though you have never had one.
full member
Activity: 364
Merit: 100
September 19, 2018, 05:08:39 AM
Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you



Your analysis is wrong. You did not lose anything! In fact, you actually gained something because you sold at a high. Meaning, you earned profit! Not as much if you waited 3 more days, but heck! You wouldn't have known the price will pump that high after 3 days. Also, how can you lose something you didn't have in the first place? Make sense? You did not lose anything in this case. What happened is you missed out on the opportunity to earn bigger profit because you sold too early. That's what happened!
sr. member
Activity: 1176
Merit: 265
September 19, 2018, 04:45:00 AM
How did you get so many tokens? You did a bounty campaign for IOTX? I do not think that you have lost something when you receive it for "nothing". So be thankful. Still it is a lot of money.
full member
Activity: 616
Merit: 167
September 19, 2018, 04:42:06 AM
Just don't invest so much that you're worried about what the price will be in a few days time.

If you only spend what you're willing to lose, then you won't panic sell if things turn down. I know it isn't as 'fun' as trying to time the market perfectly with large sums of money, but it is a lot safer.
sr. member
Activity: 1050
Merit: 252
September 17, 2018, 04:15:51 AM
That's the usual thing, and if you hold it longer the chances of a very high price rise, and the possibility of a large price drop. because crypto is fluctuating.
That's what is behind this investment, if you made it in the right timing you will be able to catch a very huge profits but if you sell out much earlier you
will just get what you deserved, profits still a profits need to move forward and avoid another mistake, keep studying how the market flows and how will
you able to hold till you reached the maximum opportunities.
full member
Activity: 714
Merit: 114
September 17, 2018, 03:50:24 AM
I completely agree with you. The thing that is a bit annoying is that you don't know when is the best time to sell, there's always a right timing. However, there are also times when you should have sold early as the price continues to decline. Its all in right timing, research and luck too.

The best time to sell will only depend on the person and it does not depend in the price of the cryptos . you will easily tell it if you already set your goal on what is your targeted price .

let say , im only confident with the 10k value of bitcoin , then i wont expect anything more if ever bitcoin did reach 10k on that current moment . i will instantly cash out all of my coins because  im now happy with that price .

Sometimes being contented in small things is verry beneficial than being too much greed .
sr. member
Activity: 756
Merit: 250
September 17, 2018, 03:40:51 AM
Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you



I have heard many times that patience is the key to success, but in such situations you never know what will happen next and what will be the price of a particular token. The price of your token could be significantly reduced, after you sold it, think about it and do not regret what has already been done.
member
Activity: 196
Merit: 10
September 17, 2018, 03:26:03 AM
Last year 2017, I was in a hurry to sell one coin I had since I was broke financially. Because of this issue, I do not intend to sell any of my coins right now. Hodl is the key now.  
full member
Activity: 308
Merit: 106
September 17, 2018, 03:23:30 AM
I think that's rare. Most new coins fall to the bottom a few days after listing.
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