Bitcoin Forum

It's no longer news to say that some wish to quit crypto or that some are at the verge of doing so, but is that really the right thing to do? Well we can't possibly say because we may not tell their pains.

But if you must quit cryptocurrency, there is just a best way to do it and still keep high with good smiles afterwards.

Different reasons might have prompted anyone to consider quitting, ranging from market difficulties to personal mistakes during trading or for some that were scammed and feel like a lot has been lost and may not wish to continue.

Whatever the reasons are, I would just tell you that if you must quit, Don't sell off your portfolio because you want to quit, rather Take a Note pad, write your passwords and personal details in a way that would be readable to you or anyone else in 10 year or more from now, so that when those coins you think are just shiit coins today finally gain weight, you wouldn't have any reason to cry again.

I have lots of them too, from ICOs to bounty program and airdrops, but instead of quitting, I would rather take a holiday or consider another skill for few years and come back to Crypto to reap the fruit of my labour.

Remember the history of Bitcoin from the beginning, don't be force to sell your portfolio because of the harsh bear market. Whatever that's hot now will definitely be cold again and harvest won't be far anymore.

you are a bag holder and you are encouraging others to make the same mistakes as you and become a bag holder! this is wrong. you should never do that. it is like going to the beach with a bucket and creating a "portfolio" of grains of sands from different beaches thinking if you hold on to them they will be worth a lot some day! but the difference is that you get sand for free but you spend your money and possibly your time on these useless coins you are bag holding but the result is the same, they don't have any value specially in long term.

You have completely misunderstood the post, I was in no way encouraging anyone to hold any useless coins, remember I didn't even mention any token name, and what you call shiit coin may obviously not be shiit coin to another person, I was talking about in a general term if you feel that your present portfolio is low in value due to the present market conditions that you should not sell them for a penny because you felt like quitting crypto.

I understand what you are saying, but bagholding alt coins is wrong.
bagholding bitcoin is fine because its unlikely to get snuffed out

Most altcoins wont recover

If you rhink that crypto is taking away your life, devouring it, chewing on it and spitting it out, because of all the stress it presents, then I would suggest you quit and get some other more calming hobby. But if you enjoy the ride, adrenaline rush and overall dreaming about owning a vast amount of cryptos, then continue and see where that brings you. :D

I totally agree with you.  Slot of persons have sold fortunes for very meagre amounts. It's best to just forget everything about it and maybe come back in a few years and behold your Lambo. Hehe

You are very right, so the concept of your writing just focuses on the long term gains in crypto and it is really true if we see all big coins, it is just a matter f time and holding for long term, i think if you are an investor you should also have patience and time to see good gains, nothing can you 1000% profit over night, market needs mature attitude and such people will always succeed.

Yes, this is a wise move. Everyone should have invested the amount that he is willing to lose. Of course, no one likes losses, especially so devastating, but right now, this is a great time to experiment a bit, or simply put your portfolio on a cold wallet. The bear market can stay here for a while and looking at these prices will not make you happy (if you are not buying, of course  :)). Give it some time and things can turn around in a surprising way.

It is not a fixed rule to follow in all situations. Every situation has its different condition and therefore will require different actions. For example, if you have a coin/token that is already down 90% or more for me the best action is to just hold especially if the coin/token that you have still had an active development team. Things might be different in other situations. The bottom line is if you get caught and became a bagholder in most cases it is hard to get out especially if you are already down 90%. All this apply whether if you plan on to make an exit or not it is the same.

You took your time to make this write-up for those who have lost a fortune in crypto and want to quit and I guess you're planning to quit.
The truth is it doesn't work that way, as long as you're a holder you'll always have to check the price.
My advice is simple, do no quit instead wait for opportunities.

Yes exactly, you got my point, and if one is not buying at the moment he should take a break but not necessarily selling out his portfolio because he is pissed with the market but with patience.

Just like what you mentioned about investing amount one is willing to lose, there is a thread I opened to explain it in detail you can take a look and add to it here: https://bitcointalk.org/index.php?topic=4931142.msg44430837#msg44430837

Agree to that technicaly speaking some altcoin may rise because investors see something and if some see something wrong they might widraw it so results shitcoin which is short there are different altcoin that can not rise the same time it needs its believers to rise.

Also being pissed but patience? I believe a true holder will and would not panic when everything goes wrong why? because it is a gamble you have done.


Me to I would say stop that suggestions and do this if your quiting do not sell just hold because bitcoin or shitcoin (some shitcoin might still got its potential)
Suggesting is good but as for me I interpret it in a way your lossing hope as well. So, in the end do not quite and write you date in  paper because you might misplaced is. Expect fir the private keys that is to long to memorize you know  :D .

Well I think if you still got the coin and walk away you are not quitting but you are just wait for the moment to comeback, so it just like you are switching to a long term investment, I would suggest you not to quit, learn the mistake and keep moving forward, crypto is still booming there are still plenty of opportunity to earn

I will try to expect the next bullish for bitcoin to be happened in a few years later while bitcoin gets another halving. But remember as long as the development of the related project is still active and it will be find to keep em all for yourself but remember there will always be a high risk will have involved in every moment.

Yes, taking a break or time of recess is better. Although, as for me, i would rather continue. No matter the challenges i face, crypto is still my hubby and i will continue.

Can you tell me the reason you do not like investing in the cryptocurrency market? I think you have rushed the cryoto market since its inception has always been the expert opinion that one of the new investment fields is capable. Fastest and most profitable

For me the only good way to quit cryptos is when you have made so much money from it that you know that you do not have to worry about money or investing for the rest of your life. You should never quit cryptos when you are making losses, that is just a bad move. Wait, be patient, make a lot of money, sell the coins and then you can leave cryptos.

Each individual has to make his\her own decision when to quit. It is important to think it over twice before final decision, not to regret it  later on.

The article is not so useful for experienced people but for newbie it is too reliable for the working base. Maybe there will be much more useful articles, I hope.

Crypto is too promising and a lot of people don't want to give up it for the so good income. I understand them and I suppose that crypto will be in front of the world.

Hard times like these will filter "additional" newbies, which will turn to advantage of crypto in the long term.
Every huge process has to go this filtering road..