You are correct...patience is key in this crypto game.
Topic: Panic loss me 10800$ , so patient is the key - page 20. (Read 3068 times)
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.
You didn't lose anything, you made profit but yes you could have made more if you didn't sell early. This happens with me as well but taking profit is always good instead waiting and becoming greedy for more. We can't guess if we'll gain more or we can lose the current profit as well.
This is a lesson which everyone out of us must learn one day. There are few who learn it without losing anything but there are others who only learn this thing once they have suffered a lot of loss of their money and for that, they regret for the rest of their lives too. So, you must make this thing understand to yourself that you will never lose your control over your emotions in any kind of situation.
Never give in to the panic and opinion of most people. But do not worry much, there will still be an opportunity. In this case, you have not lost anything, you just did not get extra profit.
I agree with you. I've experienced the same thing, the difference is that the coins we invest are not the same. But at that time I was not worried because I believe the coins I invest have a good future. And right again, patience is the key to all success.
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
Still you didn't lose. you only profit a little. The key is patience, many traders and investors experience what you experienced from your mistakes. Just imagine that if it dumps, you could lose more. 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
what you say to people in case of emergency..That's right-do not panic and do not create panic.Very often people panic,hurry and eventually lose both the head and money.Be patient guys
Wow, it is true, you may be too anxious in life. Have it? The reason for fear is because of caution? Then I believe that even if you missed this, you will still encounter better. Because I think you are a cautious person.
Panic always make wrong decisions and wrong decisions always make troubles. Never sell in panic as this market rebound very fast on a positive news and if you sell in panic you never catch your sell coin again at that price and that is another notional loss.
I think we all have similar story to share and we all lost some money to panic but your amount seems quite big so i am really sorry but you at least learned from your mistakes and wont do them again.
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
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
What you described is Fear of Missing Out in its striking evidence.
You should be grateful for even making this very profit and not losing everything as many guys here did.
At the same time, it's your personal experience that hopefully would make you wiser next time.
Its always good not to sell immediately and also not to feel too relaxed because prices are going up. I was in a similar situation but i didnt sell quickly. I had Hydro coins over 4-5 days it value rose in triple. I was waiting for a day or tow extra that it will grow more... The rate the price crashed that night was devaastating. I lost more than $1500 by the time i finally withdrew. I learnt my lesson
Agree, if you do not have the patience then that would be the consequence you are going to face like losing your investment instead of gaining profit.n Patience plays a big factor of your strategy with cryptocurrency investment and therefore, I would suggest that you should have to hold your coin wisely and be observant in the crypto market and be updated always.
This market is extremely fierce and you know that if you win then there will be losers and vice versa so it will not be easy to succeed in the cryptocurrency market. The loss of money can be limited if you have more knowledge about the market and catch up on market information. Take the failures to do lessons and avoid those mistakes in the next investment. hero member
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Dear Members
Recently I faced a bad luck. here the story
I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH. Then after one or two hour i sold it to @ .00004800.
After 3 days means June 1st , one IOTX went to .00014ETH.
if i sell June 1st 196000 * .00014 *590 = 16189$
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
but I think you should not regret the decision you have taken, because no one knows what will happen to the market the next day. but you can make it a lesson when buying coins that have a good potential rise should hold for longer.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
at least, he can learn from this lesson and he needs to have more patience to wait for the price increase back. and if we decide to be an investor, then we need to have a big patient because the investment that we made need a time before we can take a profit so from this, you can get a good learning and you can stay survive in the future. and if you think that you can make a big profit in the future, then you should wait and hold the coin so your investment can give you a profit.
You didn't lose anything, you made profit but yes you could have made more if you didn't sell early. This happens with me as well but taking profit is always good instead waiting and becoming greedy for more. We can't guess if we'll gain more or we can lose the current profit as well.
Panic, in every activity in crypto or in the world, will not make good. I know that being panic when realizing that the price is dropping, we then become panic and sell all mine. Or, when we know that the price is going higher, we panic buy and then buy the coins when the price is high. That is why, when involved in the crypto, what we must do is not being panic, whatever the situation.
You didn't lose money since you made a profit, you just didn't make as much as you could have if you holded. You were just a little unlucky this time but to be honest the three days after you decided to sell could have went either way. The values could have actually dropped alot in those three days after you sold instead of increase, so like others have said it was just a gamble 
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
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
It is not that you completely lost, you won .000002. it is that you could win more, that is true! I understand but you never know, it may have gone down.
Agree, if you do not have the patience then that would be the consequence you are going to face like losing your investment instead of gaining profit.n Patience plays a big factor of your strategy with cryptocurrency investment and therefore, I would suggest that you should have to hold your coin wisely and be observant in the crypto market and be updated always.
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
but I think you should not regret the decision you have taken, because no one knows what will happen to the market the next day. but you can make it a lesson when buying coins that have a good potential rise should hold for longer. 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
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