Bitcoin Forum

Guys, I am officially loss making as of now. This is going deep. Anyone else lost big amounts? (It is relative to your own total wealth/income)

I  did OK.. I mostly got out before the charts said we popped.  Buying at these high levels after such a massive run is a rookie mistake.  Getting emotionally attached to an investment is another.  Buy low, sell high.

Did you say 'making' a loss or 'made' a loss - you're not still in at this point are you? Things will drop much further.

Even after all the ICO being funded, the price keeps dropping still. It does seem like the rest of these projects are just for the show.  If the price dip down further than $2k, I would have to accept the job offers for me on upwork. This btc dream is more like a nightmare.  :'(

its going MUCH deeper... buckle up, the fuckening if just starting...

Really? I did not sell, no. Only thing I learned somewhat is I dont sell when we crash. I sell when it is going up. I can imagine we take another 20% hit. I can also imagine we will be above these levels in august already. So I buckle up and just work as usual for my money :)

If you are a short term holder then you should already sold your coins  , if you are a long term one then don't even look for this pop.

I lost a Big amount too, but dont give, be wise on your trade, ask always to others for informations, opinions and solutions, plus a little luck you can beat all odds my friend. just saying :)

I have a lot of lost. But I will wait until the end.

Loss from Top of Profit - Yes

but loss from overall investment - no not yet I am still in profit (So i can't really complain too much at this stage because i have still made profit and its money that i've never seen in my life before)

Not panicking though im hopeful :)

All the altcoin that i'm bought now in red line, use 2.5BTC for trade now down to 1.2BTC, I still hold all of them, a little bit worried, but better to hold compared to sell in loss situation.

Just got out of it on time, theres red marks everywhere you look but there are still some coins that can be traded and get some profits for day traders. Whats happening today is not a good time for long term traders out there, hard to speculate and risk gets higher and higher everyday. I was considering ETH, but looking at the charts and the direction where its going is not good (for now).

Better hodl than sell in bloody market and i believe after 1 august alts will pump again

I also not sell... its to late for me and Nobody losing money until he sell under the buy so what... keep calm ahh and go to work yes :)
I also belive this time it will go much lower in all coins...

It is painful, but necessary for making coins mainstream :)

Exactly who would like to base whole his business on something so much speculative and volatile? Crypto needs years to pass to get it's maturity. This is sad when we think about this as salvation from banks, and one manipulators are replaced by others not less sinister.

Yes of course. Don't sell now instead buy now the coins you've wanted. As bittrex now is all red. And stop the panic mode it'll recover sooner.

https://i.resimyukle.xyz/UVP94.jpeg

Only the patiences  will win. I hope .

I can see this getting more of down action.
We just need to hold and if an altcoin is fundementally sound then in a year time everything will be ok.
We just need to get through this bitcoin storm, and also icos are dumping now

Just wish there was an eye in this storm to recoup something

yeah ugly, once it stabilizes for a while i think i'm gonna stock up a little more on the ones i think have good chances when bounce back and then just wait for however long it takes

I wish i had cash to buy in now.
My cash is already in coins.

You are not alone mate even I do seeing my portfolio are all in reds which it really hurts me a lot when i do anytime i see it. Sometimes things comes to my mind that i will sell already to cut loss but i would rather choose up on holding till the end and i do really love to gamble things thats why im still hodl as of now. I know its not an easy thing but we should really avoid on selling on loss. Better to wait even more since dump doesnt happen on forever.

Yeah. I was supposedly spread out. Btc/altcoins. All down the drain :(

If i had more cash i would buy now. I just dont have the cash:(

If your getting panic then you should be a short term investor and your really dint make a point  you made loss or your in loss . For long time investor it may recover soon or later.

I have seen my Eth drop from $410 to $175 today. I own 70. You can calculate how much I saw my portfolio drop. Also ICN, waves, Antshares, Melon and a lot of them. My portfolio dropped more than 20k and currently sits around 17k. >:(

Not only you, there are a lot of people who are suffering the same situation, they are losing their entire money when most of the money goes down, even, a few dollars become worthless, so bad.

My portfolio dropped from 3500€ to 2000€..almost every altcoin in red because i bought in in june...but i wanted to hold for 4-5 years so i didnt sell anything and i will hold.
Somehow i hope it will drop much more, i wanted to invest some more next year. Monthly salary from my job: about 2500€ after taxes - So yeah it hurts a little bit.

cash out at a point which you can live with, and join the next hype in 1-2 month.


or go short ETH and make big money

Guys, it's OK.

My portfolio dropped from $27,000 (peak) to $17,557 as of right now.

You don't lose ANYTHING until you sell. You don't take a loss until you sell. Until then, it is just a hypothetical "loss" on paper. You haven't lost anything yet, you lost a couple of made up numbers on paper. They will come back when the market starts to rise and the bull power kicks in. No worries, stay strong & hodl to your best coins and do whatever you need to to stay comfortable.

Exactly

to much emotions.
If you were in it for quik profits, you should of sold everything, if you're a long term holder, you shouldn't even worry about this, go on with your life and once in a while check prices, dont worry about that shit to much.

 This correction should be over around Aug 1 once the FUD around bitcoin is out of the way.
Just staying put and holding until then.

The rise was very rapid. A very rapid decline now. Hopefully will settle soon.

alt coins are worthless, they are pure speculation. to keep dreaming about a return to ridiculous highs is insanity. but then again, the alt coiners tears will fuel the next bitcoin bullrun.

dream on suckers!  :D ;D ;)

Good advice. It's easy to get emotional, and the worst thing anyone can do is panic-sell. For long-term holders, don't worry, everything will turn green again. If you have the nerve and the ability, you can sell and re-buy lower; if you don't want to risk it, then just hold instead.

There is better to come, but always remember - the higher the prices go, the more the drops can hurt. If you had 10k and it's dropped to 5k... then if the next bull takes you to 100k, a similar % bear means a drop to 50k. The higher the ride, the stronger the grip required.

But everyone is expecting a big decline in August.

How can we know if this is just the start of a bigger fall?

Yes especially the ICO coins (SONM, Bancor and Status) are taking a hard hit right now in my portfolio. Guess there is nothing else to do then wait till this fiasco is over.

just patience, still hold, everything will be fine. Long term is good choice  

You can either hold through the rough times OR cash out to live and fight another day. Market Capitulation could happen.

Well what do you expect when you invest in throwaway coins, which is what most shitcoins are?  And what do you expect from a market that has historically had more volatility than any other market I can think of?  Yeah, you're in for a bloodletting on occasion.  Next time use a stop-loss order or something to stanch the flow.  Or stick a crypto tampon in it and hope for the best.

My 7.2 BTC alt coin investment is now 3.7 BTC but am confident that it will recover sometime next month. I just wish that I had waited for this crash before I invested that money. I could've purchased twice as many coins. Live and learn :)

Just keep on HOLDING be patience don't panic if you see red on alts.
there 3 reasons in my mind why they are so much red numbers right now.

1. the summer - people enjoying their life and not hanging around forums.
2. the ICO marathon just stopped
3. people not sure about the segwit adaptation for bitcoin. and the ethereum transaction/miner problems the step to pos. (those 2 coins are still the biggest on the whole cryptomarkets - and this affects for sure the whole market).
we are enjoying the low, because now starts the time where it makes sense to keep your eyes open for possibilities to positionate your next big positions in your longterm investemens, Its a great chance to prepare some fresh money to get into crypto.

We can't know. Is the Bitcoin civil war fully priced in now? I'm optimistic that SegwitX2 will prevail, and the bull will return shortly after July 21st... but this is only my uneducated guess. And what about ETH scaling? Will the price continue to fall until Casper? Or past then? Or has the recent whole-market drop relieved some of the ICO insanity and eased the pressure on ETH? We can't know for sure.

So if we can't know whether or not the decline will continue, we have a number of options:
a) no risk - cash out to fiat, forget about cryptos for a while and maybe come back later;
b) risk and reward - if you think prices will continue to fall, then sell and buy back more at a lower price, and repeat until the fall is over;
c) long-term hold - if you have faith in the long-term value of your coins, and don't want to risk short-term trading, then just hold, and stop checking the prices - dips come and go, crypto is volatile.

Personally I'm c with some b. I've increased my total coins during the drop, but not by a huge amount. I could have increased my stake more, but only if I'd taken more risks.

Investment is always associated with high, low sales. We always want to buy bitcoin at low prices and sell at high prices. Buying low and selling high is what investors expect. I store bitcoin and always keep track of their prices. If I'm high, I'll sell a bit for the cost and will buy at another time.

Sold 20% of my stash @ 100 Billion marketcap. Looking back I should have sold more though.  8)
This deep correction was to be expected with so much hype going around. ::)
We had a very (unhealthy) parabolic bull run upwards in the last few months.

Got in the cryptomarket @ 20 Billion marketcap, so I am not too worried (yet).
Most of my holdings are for long term investment.

the title is a very good thing . Wall Street Vs blood on the street .

This year many holders are rewarded, this is not the last time im sure.
1. People spending more money due to vacations, this is one of the reasons why BTC is "dumped
2. Well this is not quite truth, it is still on but on silent mode.
3.And as always uncertainty will lead to enrichment of brave pioneers.

My conclusion is, we will see over 3k till the end of summer. Alts will follow.