Topic: Which coins brought you massive losses? - page 4. (Read 872 times)
Im new in crypto trading and based on my experience XBY was one of the coin that give me massive losses because during that time when im holding it. I am lack of knowledge about trading..
Mine worst investment was done with musicoin. I bought it for short term but it was on peak and I didn't realize it cause I was too busy following bitcoin. I lost like %50 of my investment and returned back to bitcoin.
This can be a really big issue when you have a lot of coins in your portfolio it can be difficult to keep track of all of them and when a single coin gets all your attention then a part of your portfolio will suffer any if by bad luck that coin happens to dump you are probably going to lose a significant amount of money the same way that happen to you so it is better to keep just a few coins maybe five to ten before you get more experience. 
I always bought coins at cheapest price, i was still in some profit when bitcoin has hit $7000, so no losses so far. There is a key, never buy a coin whos growing rapidity and at high price.
True. He bought the coins when the market was at its peak and in quite much hype which made the prices of crypto currencies swell. Always buy during the corrections and not when cryptos are rising rapidly cause many time you miss the train in such situation. And always buy in parts when there are dips. Keep buying small amount of cryptos in every dip and keep selling some amounts in every pump. By doing so, you shall never face lose. Dear bitcoin community,
Because there are no gains without losses, I decided to open this thread in the hope that I could also learn from your mistakes when you chose the wrong coins in which to invest your money.
For example, I invested in December 2017 and I lost my money in following coins:
Bitcoin
Ethereum
Ripple
Bitcoin Cash
Dogecoin
IOTA
NEM
The only coin that brought me profit was NEO.
But what about you? What are the coins in which you lost your money?
I understand why you lost money, you bought all the coins at the peak of the price, and now deep drawdown. I didn't do that and not lose money. Because there are no gains without losses, I decided to open this thread in the hope that I could also learn from your mistakes when you chose the wrong coins in which to invest your money.
For example, I invested in December 2017 and I lost my money in following coins:
Bitcoin
Ethereum
Ripple
Bitcoin Cash
Dogecoin
IOTA
NEM
The only coin that brought me profit was NEO.
But what about you? What are the coins in which you lost your money?
IOTA was a real bummer... and I don't think it will get any better in the near future. Especially the wallet has serious security issues...
Well, I think you are not quite right , if you do not sell them the losses you brought . Since the new year the market was in correction of many of the coins were in decline , so you should wait the recovery of the market and sell at the best price . This opportunity is sure to be
So you're saying that waiting for almost 4 months to see if a coin is good for a short-term investment wasn't enough?
If you bought in December for short trades, you should have sold in mid January, you would be sitting on profit right now. Now you don’t have a choice other than to hold. Analysis is important. Do it the next time you think of investing or trading.
Dear bitcoin community,
Because there are no gains without losses, I decided to open this thread in the hope that I could also learn from your mistakes when you chose the wrong coins in which to invest your money.
For example, I invested in December 2017 and I lost my money in following coins:
Bitcoin
Ethereum
Ripple
Bitcoin Cash
Dogecoin
IOTA
NEM
The only coin that brought me profit was NEO.
But what about you? What are the coins in which you lost your money?
I invested in quite many cryptos in the early period of January. Almost all the coins I have bought have bought me loss as the market was at hype that time and I want so good in crypto market and invested without analysis. Although I have loss currently, I am holding all my coins and wont sell time until I am in profit. Patience is the key to earn in crypto market and I have so. Because there are no gains without losses, I decided to open this thread in the hope that I could also learn from your mistakes when you chose the wrong coins in which to invest your money.
For example, I invested in December 2017 and I lost my money in following coins:
Bitcoin
Ethereum
Ripple
Bitcoin Cash
Dogecoin
IOTA
NEM
The only coin that brought me profit was NEO.
But what about you? What are the coins in which you lost your money?
I am even ready to hold coins for 5 years if it takes to get profit. I have basically invested in XRP, NEO, IOTA, ADA and TRX. I know the coins hold potential and will rise for sure in upcoming months.
For me the biggest loss is invested in bitcoin, when I was nearly $20000 purchased 6 bitcoin, but now has my loss of more than half, but I think this is my pay tuition fees to the market, at first I don't know anything into the encrypted currency market, this let me pay a price,
The biggest loss to me was the SC coin. I bought it in the summer of 2017 in the hope of good growth, but it fell more than 6 times. Now I try to be more alert with weak coins.
It's on 2017 when I bought Siacoin around 700 sats during that time, near its all time high. I am just new to trading before and do not have a trading plan so when I saw that it is increasing, I chase it and I end up being dump. After a few months, I decided to dump it around 150 sats. It is a pretty big loss for me. I cash out the remaining trading capital and decided to stop trading. Months later, I really wanted to trade so I watch a lot of youtube videos and read about trading. I learn the importance of risk management and now, I am slowly getting back what I lose.
Dear bitcoin community,
Because there are no gains without losses, I decided to open this thread in the hope that I could also learn from your mistakes when you chose the wrong coins in which to invest your money.
For example, I invested in December 2017 and I lost my money in following coins:
Bitcoin
Ethereum
Ripple
Bitcoin Cash
Dogecoin
IOTA
NEM
The only coin that brought me profit was NEO.
But what about you? What are the coins in which you lost your money?
Ripple, and even iota, let me down. But if it was worth waiting for from the ripple, then why did not IOTA go? This is an incomprehensible question, although I most likely chose the wrong moment. The rest of the not very expensive coins did not take away my superfluous nerves and decided not to disappoint, it's monero, dash, even lisk. Because there are no gains without losses, I decided to open this thread in the hope that I could also learn from your mistakes when you chose the wrong coins in which to invest your money.
For example, I invested in December 2017 and I lost my money in following coins:
Bitcoin
Ethereum
Ripple
Bitcoin Cash
Dogecoin
IOTA
NEM
The only coin that brought me profit was NEO.
But what about you? What are the coins in which you lost your money?
Well, I think you are not quite right , if you do not sell them the losses you brought . Since the new year the market was in correction of many of the coins were in decline , so you should wait the recovery of the market and sell at the best price . This opportunity is sure to be
I think what you are trying to say here is, it cant be considered as a loss until you have sold the coins one holds in exchange for some other crypto in hype or fiat money. That’s true, unless one holds the coin and hasn’t sold, it cant be considered as a loss. Its just matter of time till the market rises again and everything is back to normal and we see bullish trend. The coins you are holding have quite good potential and are the coins in top 30 market cap. So hold on to it and you shall see huge gains. Ouch! It hurts each time I remember regalcoin. That coin till date remains the one I recorded a great loss in, losing over $600 for a mere 10units I bought. I didn't know I was catching a fallen knife when I bought into it @$62+ just like every other person bought the coins that later gave them losses. Still a sad experience because regalcoin is worthless at less than a dollar now. However, the good thing about crypto trading is that you don't totally lose until you finally sell off. The fallen coins (I am not referring to regalcoin because it is dead already) can return to entry price or even record some profit.
This would have been a disheartening situation for you. I encourage you to continue in your investing spirit. You win some you lose some but next time, take your time and don't always believe a flying coin has everything good in stock. I hope you don't catch a grenade next time.
I have an interesting story. I bought Ripple in the spring of 2017 at the high of the price. Approximately 6 months on this asset, I had a loss of -90%. However, in December, ripple grow x4
The loss only be declared when you want to save your around 50% of Crypto Assets and turn them into cash but never expected that was only a sudden dip and when the market recovers everything takes in place that almost coins are on their high peak of values.
I though I lose most of my crypto Assets since this early year but I realize that holding my Crypto Assets is the best option I can do to not losing them fully.
Oyster Pearl PRL almost give me massive loss but thankfully I survived the market crash too many times this year.
Mine worst investment was done with musicoin. I bought it for short term but it was on peak and I didn't realize it cause I was too busy following bitcoin. I lost like %50 of my investment and returned back to bitcoin.
I got Oyster Pearl PRL while it was priced value as low as $0.0005 last year on November and after 6 weeks it surges as high as almost $5 so I am really amazed by Oyster's surge since it was hit the market as early as 4 months in coinmarketcap.com but eventually happened after it climbed on top of almost $5 it is continuously dropped to the ground and the price today is on $1 range for over a month so Oyster Pearl PRL investors when the price was almost $5 had a massive loss today.
All the coins you mentioned would bring you losses if you sold them now but you invested in them in the Mid Dec - Early Jan boom. They are all down 40-50% compared to the prices back in Dec-Jan. We have to hold the coins and see how the situation develops.
After January none of the coin becomes a good value in the market. Still all the coins are underestimated value. I believe the coin XRP is not a worthy coin bro but I see ripple capture almost 2 percent of the marketcapital.
ADA should grab this place of XRP. I do not why people keeping this coin on head and investing on it.
That would be the manipulated coins such as XRP ,NEM , and BCASH or bitcoin cash,these are the worst coins you will ever hand,pure manipulations by its founder who are making millions of dollars out from nothing,you wont see any improvements or big movements with these coins even if all the charts has favored them,dumping massively by its founders causes dumpages of its prices.
I have an interesting story. I bought Ripple in the spring of 2017 at the high of the price. Approximately 6 months on this asset, I had a loss of -90%. However, in December, ripple grow x4
XRP brought me the biggest losses that i ive had,from the last FUD i bought a lot of XRP half of my portfoli to be exact were burned after the massive dumpage,the coinbase listing FUD was all in the news and its price were dump by those people who are manipulating this coin probably the bankers are dumping this coin from that time,so i suggest stay away from this centralized coin.
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