Panic loss me 10800$ , so patient is the key - page 19.

ETHenthusiast

newbie

Activity: 34

Merit: 0

Quote from: supermine on June 03, 2018, 01:36:55 AM

Quote from: udayantha11 on June 03, 2018, 12:17:44 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 don't think you lost your money here,all you did is lost the profits if you can hold it more but you still made profits with your investment.First of all you need to contented with your earnings and don't be too greedy because mostly greed will tend to lose more.But think can be a good lesson for you to hold more but no one knows that when the price will increase or decrease so it will be better to aim small profits.

If I may add (sorry if this was said before): with any investment, fiat or crypto, it's always a good idea not just to avoid panic, but also diversify your investments. And since crypto is highly volatile it's always a good strategy to invest smaller amount, no matter how promising the project is. If it skyrockets you will still get some profits, and it's never too late to add to the portfolio, even at a higher price.

andra73

member

Activity: 430

Merit: 10

terra-credit.com

I hope the altcoin you buy is immediately restored, I also have experienced it but not too many losses that I get. I am so frustrated and confused what to do, so I wait in the long run and finally the price increases far from what I imagine hopefully it also happens to you. and do not wait too long!

El Il-mythos

jr. member

Activity: 140

Merit: 1

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Wow! That was a huge amount of profit that you been missed. What you feel is a normal feeling of every trader out there for that kind of same experience. However you should consider the thing that you did not earn nothing, this is what matters. Many traders were/are keep on holding but after the long time of waiting they lost the chance of making profit, thus not all the time to hold for the long run is a wise move.

yhan2x

full member

Activity: 350

Merit: 100

Yes patience is the key to our success. But in your case you dont lost any single money but you lost big oppurtunity to get huge income. Just HODL and make sure we will get a better income into the future.

Warry

full member

Activity: 308

Merit: 100

I think this mistake is really normal in this cryptocurrency world cause it's impossible to know what will happen in the next day in this world

. Of course this thread would be a little bit different if you were still holding IOTX and its price was dumped to hell. LOL. I don't think you should regret about it cause after every mistake you always learn a new lesson Wink

mkn2030

newbie

Activity: 148

Merit: 0

Yes, people do something irrational when they panic. The market has fallen, and people's first reaction is that their interests have been lost, so they want to reduce their losses and sell their cryptocurrencies. In fact, we should need more patience and wait for the market to recover.

simpleholmes

jr. member

Activity: 278

Merit: 1

this is when emotions interact with your trading skills. It happens to me and in recent days it started to happen to me quite often, maybe in these cases I shall give a pause to the trading.

trill312

newbie

Activity: 168

Merit: 0

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Agreed. Panic is the toxic makes us think unreasonable. Too bad to think in rush but we must be quick at the same time.

jlanzago

full member

Activity: 266

Merit: 101

Cryptomooniac - to the moon and beyond...

You are talking about patience, yet you are talking about hours or 3 days. Patience is much more than that. If you are a trader, patience is not a virtue, because you need to have a system, a method, and apply it always when you get the signals. Patience is no virtue because you need to cut losses as soon as possible, and let the profits run as much as possible. You do not trade with your feelings, but with your method.

Patience is for those that are wiling to hold long term.

3kpk3

full member

Activity: 1008

Merit: 149

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: BitcoinHodler on June 03, 2018, 01:31:41 AM

you are WRONG about everything.

first of all from your comment it is obvious you are gambling not investing.

secondly you have made 4.3% profit in 1-2 hours and you are complaining about this profit?!!!!!!!!!!!!!!!

third you have to think about it this way:
if you randomly help this coin and instead of going up it went down to 0.00001000 ETH you would have lost A LOT OF money.

and finally you made a huge mistake of not buying back when you saw the rise. in fact when you sold this shitcoin at 0.00004800 you made a solid good decision and you made a solid profit. but then you saw the rise days after that but you did nothing and just stood by instead of jumping on the pump wagon. THAT is where you lose opportunity.

ps. as you are complaining about this random shitcoin, there are at least 6 other shitcoins being pumped today that you are also missing out on making profit there....

Well put. This is something that many people tend to forget. Any amount of profit is profit people at the end of the day. Why is op moaning even after earning decent profit from his investment? It is true that HODLING is effective in many situations like the one you described above, but it is easier said than done. Pumps and dumps happen on a regular basis in this market due to the extreme volatility associated with it.

Caesar-Giulius

sr. member

Activity: 728

Merit: 250

Buy, sell and store real cryptocurrencies

I don’t think you lost any money here, you merely lost the opportunity to gain $10,638. You have already make a gain by selling at 0.00004800.

Anyway, don’t feel too bad about this. Find another opportunity and hold.

andor.gellenhidi

full member

Activity: 602

Merit: 100

A new wave of panic has already gone, which will now lead to a loss of the deposit, you do understand that such actions usually lead to this result, this is not news today, it is best when people understand this.

gracer88

member

Activity: 378

Merit: 10

“Revolutionising Marketing and Loyalty”

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Not always. I believe that it is necessary to fix the profit. But I sell only 50%, the other 50% I leave in case of a large growth!

GFE

full member

Activity: 336

Merit: 100

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Yeah, one of the main mistakes is panic. Just wait for 1-2 months or even more and coin price will be more than previous. Of course, if it is not shit coins..)

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Don't what know IOTX is, probably some random coin that got pumped. But I don't see how you made a loss? You bought at .000046 eth and sold it at .000048 eth. So you already made a profit. The price got pumped up more and reach another price but this does not mean that you have incurred a loss. Wait for few more weeks and if the price goes below 0.000046 eth, will you be saying that you had made a loss?

Klausi

sr. member

Activity: 536

Merit: 250

CryptoTalk.Org - Get Paid for every Post!

Quote from: ethereumhunter on June 14, 2018, 09:31:03 AM

Quote from: tng811 on June 14, 2018, 07:03:51 AM

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Thanks for the story. This is true to the whole crypto market. Patience is the key. I myself lost many times due to impatience and they were all good lessons for me.

all of us really need patience when we are trade because with patience, we can wait for a while and we can make another step if the market is run without any notice. and not just you that lost many times, I am sure that every trader have this experience and we need to learn from this so in the future, we don't have to lose again and we can prevent to get a big loss.

Indeed patience is a true virtue when it comes to cryptocurrency business because anytime your coin value may triple its price from last day to present and even more higher than what you are expecting. This just mean that holding our coins and believe that it will be successful maybe we can gain more profit. We should avoid loses as long as we can.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: tng811 on June 14, 2018, 07:03:51 AM

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Thanks for the story. This is true to the whole crypto market. Patience is the key. I myself lost many times due to impatience and they were all good lessons for me.

all of us really need patience when we are trade because with patience, we can wait for a while and we can make another step if the market is run without any notice. and not just you that lost many times, I am sure that every trader have this experience and we need to learn from this so in the future, we don't have to lose again and we can prevent to get a big loss.

tng811

full member

Activity: 350

Merit: 100

Quote from: udayantha11 on June 03, 2018, 12:17:44 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

Thanks for the story. This is true to the whole crypto market. Patience is the key. I myself lost many times due to impatience and they were all good lessons for me.

spastikss

full member

Activity: 434

Merit: 107

As you said patient is the key. Many of us made this mistakes but we will learn by taking lessons from our mistakes.

Tapyaks72

member

Activity: 490

Merit: 28

Quote from: SamboNZ on June 14, 2018, 06:22:50 AM

Hope this thing will help you in your future decision making. This lesson will surely give you knowledge in your coming transactions. Think of your loss as an investment because it made you learn something.

In crypto business no one can tell when exactly the exact time to sell your coins if you were able to sell in full potential prices level your lucky enough just bear it in your mind that not everyone is lucky in this business.

Topic: Panic loss me 10800$ , so patient is the key - page 19. (Read 3068 times)