WHAT HAPPENED? I went into the hospital cam out AND....

Raflesia

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Quote from: sujonali1819 on June 12, 2021, 11:17:59 AM

Quote from: beamin on May 24, 2021, 10:33:26 PM

My portfolio lost 10%.

I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.

Losing 10% of you portfolio during being your hospital admitted as patient time period 3 weeks? Market does not doing well recently after btc coming back to bellow 40k. So in this unstable market situation 10% of sudden dump is really very normal to me.

But yeah if you don't want to see such loses then better to use always stop loss feature.

It's just a slight loss of 10% of the portfolio maybe now the OP can change it because it's been a long time.
Bitcoin is currently going up and down it must be taken advantage of because I see this opportunity continues to repeatedly form the same pattern is it possible that it will continue to hold like and not pass $40k?
The current dump is quite normal but this pattern still doesn't last and it will be difficult to get past with high levels.

sujonali1819

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Quote from: beamin on May 24, 2021, 10:33:26 PM

My portfolio lost 10%.

I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.

Losing 10% of you portfolio during being your hospital admitted as patient time period 3 weeks? Market does not doing well recently after btc coming back to bellow 40k. So in this unstable market situation 10% of sudden dump is really very normal to me.

But yeah if you don't want to see such loses then better to use always stop loss feature.

Alert31

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Quote from: beamin on May 24, 2021, 10:33:26 PM

My portfolio lost 10%.

I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.

From what I read we werent in a bubble, I even remember seeing coinbase commercials in the hospital bragging about how BTC was going up and up. I was surprised that coin base got that big, but based on the fact they "lost" some coins of mine and I have been emailing cust serv for four months with no reply, really should be able to afford some really good commercials. If you cant trust coinbase who can you trust? MfGox? trevon,BTCNick and what ever that pyramid scheme was called? What ever happened to them anyways? I hope jail.

But seriously, what happened where it slid so quick after seeing such steady gains? Not like I can read the WSJ or money.cnn.com and see news or prospectuses coming out

I only lost 1k$USD but I'm pissed because my sell window was within 200 bucks which I thought I could hit. N00b mistake.

PS whats "Phase E" or a phase for that matter? I hear that on tradingview lingo.

If you lost 10% of your crypto assets while your not online, that's because the value of your assets dropped. I think you don't need to worry, you just need to wait for the market to recover. That's how crypto market works (up and down), you don't need to be surprise at all.

yohananaomi

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Quote from: 2double0 on May 31, 2021, 06:23:42 PM

Quote from: ?? on ??

The market crash while you’re not in the front of monitor and there’s a lot of things happened for the past three
Weeks, there’s a lot of FUD spreading all over the market and that’s why we’ve reached this level. If you have a position in trading, monitor it always and if you are not able to do so, just play long term you’re still lucky that you didn’t put it on a futures, I’m sure you’ll be fully liquidated if ever.

True that. Op saved himself by not going for futures and I hope they did not go all in, because the saying clearly says that never put all your eggs in one basket so, if they diversified their portfolio, then this 10% loss will be recovered soon. Coinbase stock tokens will recover, they fell because the whole market was in red. I suggest you to calm down and wait for your chance to come after it regains.

it seems that your advice must be listened to and everyone will know that, we can't avoid at this time that everything is in a slump or you could say the market is all red.
waiting is the best way, there is no need to worry that everything will be able to return to its origin, because crypto never goes down and it can certainly go up and reach renewable ATH. need patience needed for now hopefully next week there will be good news other than news from elsavador maybe will add another good news so crypto can bounce back.

leea-1334

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Never heard of the Phase thing in my life either,,, but I guess if you hear trader talk in another language then none of it makes sense:)

So at least you know now stop losses and take profits can help but do not always work. I would say though that 10% loss is a very good scenario because we all know it could become much worse!

Kong Hey Pakboy

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Quote from: janggernaut on June 07, 2021, 05:44:17 PM

Losing $1000 already make you mad already? It's still very low amount compared those who have their portfolio atleast above $1million, their investment could be already down 50% right now but they just fine about it. You can use this opportunity to buy more and more coins with cheaper price when market on dip or crash

Thousand dollars is still a lot of money, didn't you think of that? You are basically invalidating OP's loss by comparing OP to people with a million dollar portfolio as if everyone has a million dollar portfolio.

suzanne5223

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Quote from: beamin on May 24, 2021, 10:33:26 PM

My portfolio lost 10%.

I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.

That's crypto trading for you and that's why I always advice people that can't manage or maintain their portfolios very well not to dice into trading. You have make the mistake and I hope you won't make the same mistake again.

Quote from: beamin on May 24, 2021, 10:33:26 PM

If you cant trust coinbase who can you trust? MfGox? trevon,BTCNick and what ever that pyramid scheme was called? What ever happened to them anyways? I hope jail.

I am one of those people that trust coinbase before but I don't trust them anymore due to their inadequate customer support cause a reputable exchange ought to have solid customer support which are ready to respond to every claim.

CapGelatik

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be patient, I understand your current situation is very chaotic, and sad, unfortunately it's not only like this, I also feel it,
the crypto market must always be monitored, otherwise we will miss the pump and dump moment, yes it hurts,
I'm also sick when that and didn't see the market, after a few days I started again, and saw, the dump price was more than -80%!,
of course I was shocked and felt dizzy

aysg76

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You should rather feel lucky that you are only 10% down mate in this crypto market Cheesy

because some other inexperienced or say new traders like you are down 70-80% of their initial investment.This market underwent some drastic changes in these few weeks as we have seen shitcoins being pumped high and other potential alts in red line.Most of the market crashed and billion dollars was just lost from total market cap.So just say I am lucky that only 10% down otherwise you would have gone to hospital again seeing the trade charts.

lepbagong

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Quote from: janggernaut on June 07, 2021, 05:44:17 PM

Losing $1000 already make you mad already? It's still very low amount compared those who have their portfolio atleast above $1million, their investment could be already down 50% right now but they just fine about it. You can use this opportunity to buy more and more coins with cheaper price when market on dip or crash

it is true that there may be someone who can experience something by responding calmly, but there are those who cannot and feel lost once and of course it may be natural. You should know that going into the crypto world will always happen extraordinary things, and that should be invested long ago, so you don't need to be surprised if you experience losses because you will also experience profits, so it will always happen.

I agree with @janggernaut's colleague that maybe those who suffered losses greater than $ 1K even must have been a lot, because the correction was too fast and beyond prediction. but they can and are willing to accept that reality knowing that in crypto things like this will often happen and must keep going in order to make a profit from what they lost.
You don't have to give up on doing anything in crypto and you have to be sure that there is always an opportunity to earn more.

janggernaut

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Losing $1000 already make you mad already? It's still very low amount compared those who have their portfolio atleast above $1million, their investment could be already down 50% right now but they just fine about it. You can use this opportunity to buy more and more coins with cheaper price when market on dip or crash

isaac_clarke22

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Quote from: The Sceptical Chymist on May 25, 2021, 03:50:41 PM

~

Everyone could've wished that it just went up a more faster. Cheesy

It was kind of blink of an eye increase for me actually, because back then the dream was to breach 20k only like the new ATH I expected was just 30k-ish, and holy crap it went farther than that. I am pretty sure there are others that had the same reaction as me.

Loved that TWD reference, btw.

Cling18

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That's a lesson learned for you mate that you should put a stop loss next time but I'm sure that you didn't mean to leave your holdings but you just got left with no choice. You still have a chance to recover from your losses. Just keep on holding because volatility is the cryptocurrency's characteristic. Anything could happen so fast and we should always be ready about it.

semobo

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Holders faced 40% loss on their bitcoin assets because the price fell that much in very short time period, coinbase or any exchange the service for their customers are not at its best and binance can be the only exchange with much better compared to other but still none of them care for them.

devollito

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Quote from: beamin on May 24, 2021, 10:33:26 PM

My portfolio lost 10%.

I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.

From what I read we werent in a bubble, I even remember seeing coinbase commercials in the hospital bragging about how BTC was going up and up. I was surprised that coin base got that big, but based on the fact they "lost" some coins of mine and I have been emailing cust serv for four months with no reply, really should be able to afford some really good commercials. If you cant trust coinbase who can you trust? MfGox? trevon,BTCNick and what ever that pyramid scheme was called? What ever happened to them anyways? I hope jail.

But seriously, what happened where it slid so quick after seeing such steady gains? Not like I can read the WSJ or money.cnn.com and see news or prospectuses coming out

I only lost 1k$USD but I'm pissed because my sell window was within 200 bucks which I thought I could hit. N00b mistake.

PS whats "Phase E" or a phase for that matter? I hear that on tradingview lingo.

What happen is already happen many times and it always going back up and up when the times is comes. Something growing up fast need the place to rest and now re testing that rest place which around $30k-$40k. Dont you remember where we are last year ? Yes.. we are creating very strong support at $10k. It means the " today " price is 3 times higher then last year.

Desscount

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And the dump price deeply, don't be surprised, you should already know that this is the nature of crypto currency,
for the world of crypto currency, of course, a 50% dump is still very reasonable, but if the dump occurs to 100% it must be followed up,
of course chart analysis determines support and resistance, and fundamental analysis before buying an altcoin

Fesatmas

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Quote from: adaseb on May 30, 2021, 11:41:06 PM

No idea if this is true. But there was some guy on Tiktok or Twitter who invested $5000 in Doge. Then when he wanted to sell and withdraw, he was confused why he is only getting $2500. He made a post about it because he thought something was wrong with Robinhood because he started with $5000 and was assuming "stonks only go up" and was puzzled as to why his portfolio is worth $2500.

price manipulation and theft of portfolio value are totally unacceptable. this is indeed very stealing if it really happened. because as far as we know Robinhood hasn't done this much manipulation... we need strong references to prove the amount of data related to it all.
Doge has started to be priced in and we don't know what to do if things like this happen on multiple exchanges. will the SEC step in?

imstillthebest

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coinbase was big even before and they can afford comercials even without your coins but they should return your coins because it wont be a big loss to them if they return it and they are risking their reputation for small coins of their costumers .
3 weeks is long but you could have bought your smartphone with you or laptop and i think hospital can allow it if you confess that you have an online business but your going to be fine with that small loss .

stompix

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Quote from: nelson4lov on May 31, 2021, 04:52:33 PM

I mean, assuming I have a $1K portfolio that went 100% in 2 months and dropped 20% in a week. I had $2000 (thanks to the 100% gain) which got reduced to $1600 but people in crypto would see it as a loss without considering that they're still up 60% on their base capital.

Assuming...what if you're ht from the start with a 40% drop in the first month?

I'm genuinely amazed by the number of people saying to the OP, don't worry you will make this amount back. Seriously? Wow, we have just invested the perfect money machine, trading, you lose don't worry, you will make twice in profits! I would have understood if it were about simply holding Bitcoin, yeah, even if you bought at probably the worse moment you still have hope, and not just a tiny bit it will go up and recoup losses. But from trading? If everyone would make profits after profits bear bull market, where the hell would that money come from?

Anyhow, I hope OP is better now, he said he was coming out of the hospital, he was really pissed off and he hasn't logged in since then...

ice18

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In an uptrend market its very important that you have to take profit never assume that it will go up everyday without stopping thats not normal if this happens, always expect for a correction because this is the time smart traders are entering and weak hands are selling on panic.

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