Bitcoin Forum

I'm the most unluckiest person, because I brought 0.5 Bitcoin in 2017 3rd quarter and sold it in 2018 before it is going to down fall. I have converted all my Stellars in to Ripple, Stellars and trax coins. But till now I could not sell them due to that they are in very low position. If ince again I have chance to sell them in price rice in 2020 I may be very happy. But no hope it is according to my fate.

If you really did this, I would actually consider you as an unlucky person. This shows that you don't believe in bitcoin and just bought it to gain profits.
If you would have truly believed in bitcoin then you would have never sold it in such a low price.
If you had an emergency then that's a different thing but if you just did it for speculative purpose then you have just encountered a huge loss.
You still have the time with what you have left. You can either hold your altcoins or convert them into BTC and wait for BTC to rise up again.
We all know that BTC will "surely" rise in price but it will just take some time.

Several people bought during that uptrend. I guess nobody entered this market from any trading background like prior experience with stock market trading or commodities. Still it is a part of the game to lose some and win some.

Converting to altcoins to hedge bitcoin is a wrong method of risk management. The better method is to convert to fiat and gold fiat while bitcoin is going sideways, then use fiat to buy bitcoin at low price. I cannot vouch for those altcoins because 99% of them (<make that 100%) are pump and dumps and not something for the average long term hodler to trade with.

But keep them if you like them. Otherwise consider that money wasted, because nobody knows when a certain price will come into view.

Don't blame the fate,its your impatience leads you to be in losses,if you don't have trust over bitcoin then you shouldn't invest on it at all and ofcourse lot others did the same mistake and now blaming their fate.

Get complete knowledge about the thing you are going to invest before investing your money or atleast read the price movement patters.

You're not the only one being unlucky during that time, many had suffered such losses also.
Don't lose your fate mate...you can find another way to recover your losses if you want to but if you close such chances, that would be your regrets.

Quitters never succeed in crypto and don't consider yourself just like them. Though we think that 2017 is a disgrace for everyone but somehow it gives us a lesson to think that not all the times we've been at high, sometimes we go down that is why we should have to be prepared all the time. And a reason why we survive (and many others did) is just because they can manage to calm themselves and accept reality.

Buying Bitcoin just to gain profits?
Isn't that the main reason people buy bitcoin?I mean,what are the other reasons to buy Bitcoin and HODL?
Do you think that,OP and people in general,should "believe" in Bitcoin,like it's some sort of religion or sect?
Of course they want to make some profits.
I guess that OP bought Bitcoin at the wrong time,following the 2017 price bubble.Many people suffered severe financial damage back then,just because they have followed a market trend.
However,I can't consider this decision to be "unlucky". This has nothing to do with luck,or lack of luck.
It's just a wrong decision.

That is the risk you should be aware, there is no guarantee for you to gain a lot of profit even you got wealth in several time being cryptocurrency's investor.

At least you should make this situation as your learning, analyst first before you make a decision. For me, it is okay to sell in the high price but when you sold it in a lose situation maybe I see it as a mistake.

You will be safe if you hold them moreover the coin that yiu choose was bitcoin. The fundamental for this coin is still good until now, this is why I told you to sell bitcoin at the lose situation is bad.

You probably bought because of all the hype the bubble caused, and continuously hoped for the best to happen. Then after watching for a year and seeing no hope, sold all their coins just to take back what they can. Typical of those who entered the market hoping to make big bucks instantly. It isn't a matter of luck tbh, its a matter of knowing what you actually entered and what would possibly happen if you entered.
Probably about Bitcoin being a form of currency itself, and not just something like stocks and the like. See how like Gold is often compared to it, yet you never see the price of gold fluctuate by much. It is indeed like that, but because of the continuing entrance of supply, bitcoin itself has lead to price changes which brought about the idea of it being used to profit.

Is this an issue of luck? I doubt it, it's just an example of a person being scared of risks but still being pushed into buying for the fear of losing out and when realising that the market may crush selling it all out. This is why one must not act hastily and assess carefully what action they should take before they're taking it.

I'm afraid this is just a lack of knowledge combined with fear rather than luck! It takes time, knowledge and courage to profit from trading, irrespective of the trading level.

That very unfortunate. Not only you, But Most of the crypto traders did also like you. I was too :)
We should not think about now because it only can increase disappointment and make you unhappy again and again. So just forget that and go ahead with your latest experience. good luck. I hope you will succeed in the near future.

So your buy-sell timespan is pretty much just months, not even one single year. That timespan is nowhere close to even being called "investing". It looks like you bought bitcoin so you will "get-rich-quick", where mindsets like that always end up making people lose money. You might want to be more realistic with your expectations.

So you bought your BTC sometime between the sixth and the ninth month of 2017 - price from $2200 (Jun 01, 2017) to $4300 (Sep 30, 2017). Price was above $5000 until November 2018 so if you sell before that time, you will still be in profit. I do not see that you lost too much even if you sell in December 2018.

It is possible that you incorrectly stated that you made the purchase in Q3, and that actually happened in Q4 which represents the last 3 months of the year. Do not mix your fate with the misperception of the market, the price could not go up constantly, only greedy and ignorant people lost money at that time.

You still sold it even though you know that you didn't gain profit?
That was a wrong move there because you enter the market, not in perfect timing. If you see that your profit was not there you can hold it for another year until you will see a profit. To be honest, Bitcoin investment is not a short term investment. It needs patient until when you have it.

Don't do panic selling when there's a correction of price come because there is always resistance after that, panic selling it means you accept your losses.

3rd quarter prices were as low as 2600 and as high as 4624 in 2017

the lowest price in all of 2018  was 3100 in dec.


So  basically  sounds like you only could have lost money if you purchased on Sep 30 2017  held when it peaked at 19900 in dec of 2017

kept holding and finally gave in  between nov 21 2018 and dec 31 2018.

If so You are a loser and were given an inexpensive lesson that you should not trade anymore

worst case is  you paid 2312 and got back 1550  a loss of 762.

That is a cheap lesson as it clearly shows you can't trade and should never trade again.

But you claimed to have ignored the lesson since you picked a coin to switch too.

Since your original money spent was only 2312 if you were accurate and did buy in 3rd quarter of 2017.

Let it ride.  worst case you lose it all bro.

I wouldn't say that has anything to do with luck, it's a bad decision that you've made. But then again it was your assesment of current situation and you couldn't predict the full development of situation.
Everyone of us faced the loss sooner or later and made some bad choices. There is no use in regret and you have to think how to invest in future to get the maximum profit out of it and cover some losses from the past.

It seems like people are really exaggerating their expectations with investing result using cryptocurrency especially bitcoin. Quick rich mindset, again there is no shortcut for getting rich until you were born rich. What these people are doing is invest-expect high-lose-ASK, there is nothing wrong with asking what went wrong but there are obvious things that does not need to ask for answers. The fact that you decided to sell it in low price is a decision that you accepted that you have lost, you could've waited for so many years before selling it.

Why you saying that there is no hope? Did you see the future? My point is, you need to stay positive, many of us here are still holding our precious BTC and some good Altcoins because we are waiting for the next bull run to happen. It might not be in 2020, but definitely, an imminent bull run will happen, you just need more patience here.

That's sad. You obviously bought those coins at the peak price. Well, there are two ways you may choose to do. Either sell them at loss because the situation further needs you to do so and rebuy at low so you can compensate some of your deficit fund. Or wait longer. Patiently hold and wait will still give you profits at the end.
 
 That's the usual problem , most of the trader hardly know "when" is the right time to buy and sell. Or even know of it is already the best price to sell or not.

Your coins at least have a market and are listed on exchanges. I got maybe a dozen or so alt-coins which are pretty much useless because they don't have an exchange. If they have an exchange they got absolutely no bids and tons of offers at 1 satoshi. Basically its a full loss.

You are not the only one that has this problem. Everyone should of bought BTC and alt-coins in 2017 and should of sold EVERYTHING in Q1 2018 but since it was going up exponentially people decided to hold it for more profits, we got greedy, and are now sitting pounding our heads against the wall. This is how markets work. Nothing you can do. I am sure the people who bought OIL a few months back also regret not selling it either. However you can't predict the future.

You don't need to be sad because you are not alone. Many people have felt the same, and they still trying to make money from another coin. You will have a chance to sell your coin in the next bull run, but unfortunately, we need to be patient because we don't know when the bull run will come. The other thing that you can do is search for the other coin that has potential to grow in the short term, but that will not be easy since if the bitcoin price is still like today, the other coin will follow.

You still have hope, and you still need to believe that the bull run will come soon. You can keep your coin in another wallet, and don't keep the coin at the market if you want to prevent if something bad happens. But you should avoid the regret because it will replace with the happy feeling when the bull run comes.

You have made a set of mistakes that have accelerated your rate of loss, as you have invested without specifying a plan for when you will be buying, selling, or even a profit-friendly mechanism.
You let negative feelings control you, and therefore I made decisions based on emotion, not mind.
You still have a lot ahead. The market is still promising. You need to study the market again before making more unwise decisions.

in other words you just keep on making mistakes after mistakes! you buy bitcoin near its top of the bubble and then sell it after a long time when the bubble popped and the price got closer to the bottom.
then you go ahead and bag hold a completely useless shitcoin that has been dumping at a speed which was 4-5 times faster than bitcoin!
this is not a way to make an investment, not in bitcoin and not in any other market in the world.

There are many others like you who are in a similar situation. Most people who bought altcoin like you are at a huge loss right now. The real reason for your situation is the lack of proper planning. You should not invest in something that you do not have a proper idea of. The coins that you bought, the coins pumped up a huge, there was nothing more expectation.

Maybe it was time to take a break and move on from the past, we lose a lot during that time and there is no way to recover it if we never face the upcoming. It has to sacrifice sometimes but we never think that this would be our end in crypto. Losing is a part of crypto and we all have to experience that for sure.

The market still struggling difficulties until today and investing crypto is at high. We can't guarantee anything that is why we should have to act wisely, choose the right coin and the last thing to do is to be prepared for the ups and downs.

Consider yourself still lucky because when I waited for btc to reach $20K I hold my btc and even I see the market is going to dump I still have hopes that it will recover. But no. Market goes more deep down until my btc price was divided into two. I lost half of my money or possible more.

I think it better to know the market situation first before you sell it. Like if you saw the market is rising then grab the opportunity to sell your Bitcoin if you feel it is the higher peak of the market. Also you should know the market well and always follow your instinct, then keep yourself being optimistic and have patience all the time because it can use you to be success.

I was one of the lucky ones who got into bitcoin way before 2017 and made a decent amount of profit during the 2017 peak however that doesn't mean we didn't had any losses during 2018 as well.

I have probably made more money on bitcoin than I lost so there is no way I can complain right now about getting in, however I could have made so much more money if I stayed away from bitcoin during 2018 bear run as well. Did that kept me off bitcoin? No. I bought more in 2018 and more in order to drop the averages and I managed to drop it as much as 5-6 thousand dollars when we got into 2019 and price was still around 3.5k, so I was still in a big minus after a whole year of persistent buying. What happened? Price went up a lot and I profited again. Do not give up and forget about the past.

This is an easier said than done thing. I mean about people buying Bitcoin for the sake of buying it and not for profit making. Is there anyone who goes into investment without aiming at profiting from it? Nah, I don't think so. As for the OP, such things happen. Business is either profit or loss.

It's unfortunate, and there are many more who are in your position and continue to repeat the same mistakes.

If you can afford to then I would suggest continuing to hold what you have. Store your holdings securely and don't check up on price. If you hear about crypto in the news and from friends and family (who will have seen it in the news) then that is typically the time to sell.

Bought at 2017 3rd quarter? That means you bought when the price was somewhere around the peak price I guess? And then you ended up selling in 2018 when the price was falling instead of having patience. This is why whenever I’m investing in Bitcoin I make sure that the amount I’m investing is something I can leave there should in case things go wrong with the market.

It’s not every time that the market will be climbing up, there are times the market would crash and you should always be ready for such times. It’s just like as of recent when the price dropped down to $5000 all of a sudden and then got back to $6000. So, you never know.

You might have been impatience and not waiting for bitcoin's price to increased that you didn't control your emotions, that is why you suddenly converted all of your cryptocurrencies and sold your bitcoin, but just like what you have said it must be your fate. I hope you have learned from those mistakes and you should be now waiting for the right time and have patience for you to maintain your long term investment.

Your mistake was that you saw the market making new highs and decided to enter the market at that point, that was not the moment to buy that was the moment to sell, this tells me you probably do not have a lot of experience when it comes to investing since anyone with some experience would have known it was too late to enter the movement, if you could have waited a few months you could have gotten a way better price and you could have sold during July of 2019 and obtained important profits.

Take it easy you are not alone experiencing it, because some people also experience it like buying coins when the price high and until now
can not be sold. And waiting for the miracle of halving bitcoin in 2020 so that prices return to a minimum like in 2017, although the possibility
of it is getting smaller seeing the current market conditions are down. But there is still about a month left changing circumstances, I'm still
positive until now, waiting for a miracle to happen. So my advice is not to lose selling altcoins that you already have buy wait a little longer
until halving occurs does nothing wrong.

You should not call yourself as the unluckiest person but you can call yourself a greedy person with lack of patience.
Do not take me wrong but ever if you had the patience, you would have waited for the price to get back to normal so that you can sell for profits rather than selling for loss. You should usually forget about the money you invest in trading as the profits would never be simultaneous and majority of times you have to face loss.

You should learn how to trade first before buying another coins. You can have major benefits for long term holdings but in your case you had loss even after holding for long term.

It is possible that they bought bitcoin without the thought of keeping it as an investment. Rather using it for buying/selling stuff. It is a currency or a mode of payment.

Holding is the only thing that they can do. Unless they want to sell at loss and exit this unending cycle of anxiety and depression. The second option is actually not a bad thing to save one from the mental trauma. There were people who had taken loans to buy coins at that time and are still unable to pay back. Some of us are lucky to not have been a part of that.

you must have lost a very large number of friends. Well, I only recommend choosing other coins besides the ripple to be held for a long period of time. however, the ripple decline from year to year is quite severe. other than that, ripple hasn't made a big development since the beginning of 2019. Well, everything depends on your decision, but try to make observations.

If you gone with this experience then you are the unlucky person.if anybody bought in early 2017 and sell in late 2017 will get mighty profit. This can happen to every new trader. i don't think experienced traders can do this because you have to deal with the share history price and calculation. Last thing is that when ever share is going up you should be careful about that because it will come on correction.
So trading is not a easy job.you have to gain some experience then trade smartly.

One of the biggest mistake of a trader is to become emotional it times of market breakdown. For me, i hold unto my Bitcoins because if you truly believe in it and it's a revolutionary technology then you dont have to panic when it falls down. Once you have an eye to the price it's really not important if the price falls in the short term.

That went as very bad trade.

You bought bitcoin around $4,400 to $5K USD. However after that lot of fluctuations came into effect and made the prices go spike a lot. You might have sold it at wrong price.

If you check the historical charts then we have gone as high as 9,500 USD. Holding would have been better option (off-course in BTC form).

Other shitcoins are really not usable when it comes to the holding.

You better convert it into the BTC but it has to be at its worst.  :-\ So wait for it, and convert and hold. Thats the rule for ya!!

Selling at a loss is not good, maybe you got FOMOd during that time, and let that experience of yours as a lesson that you have to learn.
Crypto market is always here, the price could go up and down, what you need is just timing but you won't be able to do that without patience.

I don't want to say I am perfect as I also made some mistakes selling, but that mistake was due to the fact that I don't have a choice anymore, I need money that time so I have to sell at a loss, but I learn I should not get anything from my investment and I should be willing to hold it for long term.

There will be bull run and we will see another ATH of bitcoin and altcoins, that's what I am hoping now.

   
   We have seen many similar topics around here about people who bought on top and sell on bottom. I agree with you that
newbies without experience get trapped all the time, especially in the times when volatility is huge. I agree with you about
other things as well, we all need to learn more and get experience, nobody is perfect.   
   I am sure that we will see another price surge of Bitcoin and alt-coins. That will happen in the next few years, now when we
are seeing the global economy crash there's no other option for people, Bitcoin or broken economy.

you are not only the unluckiest person there are lots of unluckiest person. Even I didn't many coins in 2017 & 2018 and few coins are dead, few coins are surviving but price is almost cent from dollars. but I don't think much about that because if I think about that more and more I will get nothing without pain. Now I am holding bitcoin and few top rated coins and hoping for it. Better don't try to remember your past.
Here is my tips for you.you can start trade for low amount. Try to buy in low price and sell in high price. but don't put all of your money.try in small amounts it will help you recover your money, not all but few. I did it and it helped me a lot to recover my money.

Sorry to hear about that. But you are not alone experiencing that. Buying at peak is the worst case. I did that before so many times. We always have a choice in crypto investing.
  -That is to hold and hold even if it takes longer than expected.
 -Or wait for that coin of yours to pump at least 20% and sell it even at loss then compensate it to other coins. That works fine for me.
 There are coins that hardly recover, I mean thy aren't going back to it's price where we bought them. But let us aways look at the optimistic side of crypto. We tend to recover soon.

If you stop investing, you'll never gonna be successful, don't feel bad mate, everyone makes mistakes but if you learn from that mistake, you'll surely be profitable the next time. Actually you are not alone, a lot of us experience the bear market and some force to sell their holdings at a lose, but this market will bounce back, you need to wait for that time, when you invest and you don't have patience, you'll likely not gonna last here longer.

I can understand this, I mean people do have fear in them and they have always feared that they may lose a lot more money. Maybe you and I know what bitcoin is and when to buy and when to sell, however newer people do not know that and I can understand it. When you have 50k that suddenly starts to worth 10k, you are afraid that you will lose that 10k as well, that is why it is seriously impossible to put yourself in their shoes since everyone has different emotion levels.

Some people feel a lot worse during the same thing than you and I may feel. All in all panic sellers probably has a good reason to panic and psychology is actually a lot more important in these type of decisions. I was one of those people who bought in 2017 and sold at peak but that doesn't mean I do not understand others.

People who bought the Bitcoin during at the end of the December 2017 and sold them in 2018 we don't know exactly what are you purchasing dates and sold dates. This will ensure whether you make a profit or not you didn't mention about it if you manage to hold them when the price of Bitcoin reaches 13000$ in the last year. It will help you make some recovery about the price of Bitcoin.

If you think that you are unlikiest person you are wrong because you are not the only one who invest during 2017 because they have a lot of people who invested more than hundred thousands upto millions dollars and they losing a lot of money when 2018 came.

They still investors who hold their coin because they want to get back what they lost but they have already give up because they are scared to lose more.

I salute to all investors who are brave enough to hold the coin even they losing a lot of money because they did not panic selling and I hope they will get a good return for waiting so long.

He is not the only one having bad luck into the investment of the bitcoin from the previous years because there are a lot of investors taking risk their money to make more income with the help of it. But still as a user, trader and investor of a currency to we need to make sure we have enough knowledge and skills to do this kind of risk but still, no one can make it over and conquer the market volatile because it depends on the people how does it will run, but sometimes market graph shows a sign what are the possible happens on the market price and also we can focus on it to be more aware.

That’s not the end. You just have to relax, there is still the opportunity for you to make profit back. You just need to have patience till the price of bitcoins crypto assets gets back to the top. The only thing is that it’s probably going to take a long time before the price goes up again, and with the current situation I don’t really know if we should still be hoping for an increase to take place this year.

I have been expecting the bull run to take place this year after the halving on May, but I don’t really know how it’s going to be now that this pandemic has taken place. But if this year should pass, I believe next year wouldn’t.

You did a big mistake by converting Bitcoin into some altcoins!  If you had a strong faith in Bitcoin, then you could make good money as Bitcoin price went to almost 14K USD in 2019! However, forget the past, if you still holding those altcoins, then holding them for a couple of months more. Because after the coronavirus outbreak ends, we can see a good boost in the crypto market which will boost your altcoins too! So, wait for that. Good Luck!

I don't understand what you're saying because you initially sold at least 0.5 BTC at the time, whether you immediately cashed it or not it's still unclear I think, because on another occasion you converted to Stellar or this is a different case and I think what you are doing I still cannot understand but nevertheless, holding it at the moment is something we must do because the price is still low, it would be better for us to buy than sell.

Plenty of people are much less lucky than you.

There have been people that spent 10,000 BTC on two pizzas, and others that lost hard drives containing thousands of Bitcoins.

You lost a few bucks because you entered a market you don't understand. Get over it.

If you think you can enter at the highest of a bull market then still make a profit just months later, think again.

Yes. There's no use of bringing your mistakes into the present time because it will only disappoint you and lose your focus on your current investment. That was really a big mistake but what is important is you learned from it. Who knows? You can still make profits from your altcoins in the next few months if bull run will come into reality.

This is an extreme worst-case that also happened to me. By having altcoins by those days, I also experienced this, holding altcoins which almost 50% lost on those days, what I did was I converted all of them to Bitcoin and no regrets, I accepted all my lost before but I am still positive since I converted those in Bitcoin and hoping that Bitcoin will able to cover those losses.

Perhaps the biggest mistakes you have is selling them and then putting it into an altcoin such as Stellar and Ripple. I don't understand why you bought those two altcoins, or what made you sell your bitcoin in the first place.

You can sell them obviously, but it will be a big lost to you. So you have no options right now but to hold and wait for the imminent bull run in 2020-2022. I do hope that you have the mental toughness to hold that two coins that long.

don't be weak friend, you just need to wait. this year, a year of great potential. if the coronavirus doesn't spread, I think you can get your chance back. for now, it's best to hold the assets that you have, because you've held it this far. many people have the same fate as you. for now, you just need to wait until this virus problem is finished and wait for the second chance to be brought down by halving. hope that the changes that will occur will be very large.

Holding Means your capacity to Wait and take longer time before getting your price,don't just put time frame instead put a Price expected and that will be your pattern to sell because Volatility will always there to bring panic to us.

look at the value now?there is no good profit in all of the currencies unless you are willing to risk daytrading because the market goes up and down this past 2 weeks.

You arent the only one who do experience such unfortunate situation.Come to think to those people who bought bitcoin wayback when its on peak price like $15-20k per coin.?

For sure that most of them had already sell off their coins for cheap and trying to recover on investing or buying back on cheaper price.This market is always unpredictable
thats why these kind of scenario or cases are pretty common.
For now take this as a lesson learn and it is much more better to accumulate coins at this moment yet most of them are pretty cheap.

This is why the readiness is very important before investing in this volatile market since nothing is certain here so we can easily face the disappointment.
We all once experienced failure in this market because if not then you are not a cryptonians.
Spending that huge amount of bitcoin just for a pizza is normal that time since Bitcoin has a tiniest value and it took years before finding out the true value.
And look at the market now still people are spending bitcoin to even purchase KFC chicken.

That was a very unfortunate for you man, but not only you haha. I've also experienced a bad trade and prediction although the market is continously going high there will be a point somewhere on top that it will go down due to speculation. So if you lost then your speculation is against the many, vice versa, that's why winning on this industry is really hard coz you're against all the odds but I must say this to you, winning a trade is really an achievement especially when you hit big.

Everything must take for a lesson learned, that is life of a trader no one loses, instead we are all making mistakes that turned to be our lesson learned.

This is a sad and disappointing experience if I experience it, because in Q4 2017 bitcoin has gone up very high and I don't know the reason you don't sell it and take profit. You missed a big moment. Hopefully the assets you hold now recover soon

Well, It's not too late. If you have invested at the lowest bottom these past few days, then you might have a chance to make a good profit when everything is back to normal, or rather after the health crisis. The block halving can initiate a good market sentiments, because of the effect on the price before and after the past 2 halving. So, chances are, Bitcoin would probably bounce back at a very reasonable price soon.

I agree that the price of bitcoin is likely to rise later this year In 2017 the price of bitcoin was very invested they made a lot of profit There was also in 2018 but now much less No one would have thought that the price of bitcoin would go down so much. But don't sell it now The price of bitcoin will not be so low that the price will rise up front.

You are not the unluckiest person. For sure there are other people who did the same thing. In my case, I did not sell my bitcoin when it is already high way back 2017. In the next year, when bitcoin is already half of its price I needed a money. I have no other choice but to sell some. Even though I don't wanna do it, I did sold it. Up to now, the rest of the bitcoin are in my wallet and waiting for the price to increase again.

if you supposed to think that the market will rise back sooner, then you are absolutely right. Believing what is in your mind will be brought you too far.

Ain't no wonder why people are selling their coins when the saw market declines is that because they don't trust the system nor they have patience to wait for its recovery. If I buy bitcoin in the middle of the bullish market (last 2017) and then sell during the bear season is totally a big loss for me and feel regrets about it. But if you are still holding it now, I feel you lose a lot more than I'd lose...

2017 is the best time for crypto currencies history. After 2017,  the price of crypto is going to down and down. I am also happy if it will reach the same place of 2017. I believe that crypto will also replace and better position in the future.       

The reason of not selling at that time is very simple to understand yet people act like they did not understand. It is because during a bull run the rise makes people blind and they think prices will keep on increasing even after a certain increase has occurred. The important thing is to sell while the bull run is still happening and not get greedy. Kind of like gambling when you need to quit before the red streak starts.

But even then there are still assets to hold and you should hold them till one breaks even at least. More bullish trends will come in future but you have to have patience and a lot of it.

At that point you will never know. If I'm also a beginner in crypto then I will definitely in the same place as OP have done. Perhaps the reason why people including myself used not to sell at that time is because we believe in what we're holding too much. We  could've forget the proper money management wherein it aims to diminish possible losses.

I guess that will happens in the future, but we don't know when it will happen. 2017 is the year on where people can make the biggest profit from the altcoin, and at the end of 2017 and the new year of 2018 is the best time for bitcoin because the bitcoin price finally reaches ATH which make every people shocked to see the increase of the price. So we have another opportunity to see that will coming again in this year or the next year since bitcoin will get halving in this year, and that can give a chance for bitcoin price to increase higher. And who knows, we will see another ATH.

Well, there is no doubt that we will experience a bull run again, it may take time but it will happen for sure.
Before 2017, people has been holding strong with their investment and they only made good profit by selling at the right timing.

The journey of the holders is quite hard, but they trust crypto and they for long term.
The secret here is just to hold longer and never get panic at any bad situation.

i don't think you are unlucky in this one?you have bought Bitcoin at 10k value more or less and sold to 15k range i thinks so that means you profited from that?
this is another story because in this one we are talking about your altcoins so better keep the holding and don't rush.

also don't expect Good return this `2020 until the pandemic ends because as long as the world is in crisis ,for sure market of crypto will remain Dip like now.

The fact is that a lot of new cryptocurrency users who became investors because of the huge excitement in the cryptocurrency market in 2017 are still in debt, because they took loans and borrow money to invest money in bitcoin.  But they chose a very inappropriate moment when the price began to rise above $ 15,000.  To date, people have not even been able to regain the funds that they spent on buying bitcoin.  But if a person during this time has learned to trade in the cryptocurrency market, it is possible that he could get rid of his debts.  Nevertheless, the purchase in 2017, and the sale of Bitcoin in 2018 is a very unprofitable transaction, even if you sell the number of coins at today's price, then this is even more loss than there has been so far.

I have a friend who borrowed money from his colleagues and bought BTC during the bull run last 2017. He was so regretful when the market started dropping down. He's still paying the borrowed amount until now using his salary. He's still hoping that the bull run would happen again soon. It was a wrong move for him to be influenced by the hype during that time but it's a lesson that he will bear until he's done paying his debt. Excitement and greediness could lead us to wrong decisions in life. It's fine to hope for a good gain but we should also consider the market situation.

This kind of story also happened to my friend lol but the money he invested came from his personal savings. He regrets too much because he was expecting too much from his investment not knowing the risk buying on a bull run. Most of us is hoping for another bull run like what we experienced in the past 2017. As for now, we should or we could save up as much as bitcoin as we can. I experienced so much upset on the opportunities that bitcoin showed me and I will make it happen when the time comes.

Depending on what is happening in this market but Bitcoin will surely undergo a lot of other adjustments to return to the uptrend like 2017. It has really been 3 years and the bear market is still making for this whole market to be increasingly unpredictable.

If I can go back to the past, I just hope I can buy Bitcoin at $1000 and will wait until I earn the highest profit.

if you will wait for that 1k level i dont think it will happen again. but everything is possible anyway. but such price is very low that it is not 2016 anymore.
so many good things already happened in crypto and gained already a lot of crypto users since then
maybe what you can do is do some short term trading. you will gain more profit than waiting for that to happen and wait again to shoot its price.

In investment, don't borrow other people's money because this will greatly affect your finances. I only use the assets available to invest because it makes me feel more comfortable and greatly reduce the psychological burden.

In the past, I invested in this market a lot and brought a very good profit in a short time. However, the greed has cost me a lot and it is the most valuable lesson of my life.

That huge 20k price is still staying there like a doom for all of us and unless we go above it people will always have a reason to be bearish a bit. I do not understand it, we were there only for a few days at most and we dropped significantly afterwards, plus we were so high so quickly that we left the bottom wide open and that is why we dropped from 20k to 12k very very quickly and then even further down after that a bit slower and eventually even hit 3.5k during November of next year, took 1 year to reach 3k but we did. That was just one time.

Why do people still call 20k time as "we used to be there, we are still doing worse, we are in bear" type of thing? Will they continue to say we are in bear until we broke over 20k? Because that may really take some time.

Thats a good mindset to follow. However you will not always have money at hand to buy coins at the time of low price, where you need to buy for that future pump. So at such times the traders do need to take a loan and enter the market.

Greed does kill but in trading you can take calculated risks and based on indicators you may be able to predict movements.

Surely someone who bought at wrong times will be lamenting since market has been going bearish more often than bullish and is no close to reaching that 5figure USD mark.

Right, there will be time for us to take risks because with our courage to take risks and get out of the comfort zone will give us the opportunity to get returns that might be better. We cannot stay in the comfort zone when we want something big, but that does not mean we are greedy, because basically we do need to increase profits over time.

Yeah, borrowing to gamble and borrowing to invest are two very big mistakes any noob could do. You don't know how well of an investor you are, maybe you will double their money or maybe you will lose all of it, you don't know how good you can be and that is why I think it can't be stressed enough how important it is to only invest with your own money and even with that money you should only invest with money you do not need at that moment, do not go all in with all of your money because it could cripple your finances beyond your imagination if things go south too much.

Just invest with 5% of your monthly income per month and with that you will both have a good investment portfolio over time and you would also never buy at peak and have to wait, you will buy at lower ends and would be easier to profit that way.

You are right! Specially if he bought bitcoin during the peak season and sold it to the deepest candle stick. Probably, he had no more capital or even he has, a lot of money wasted from that wrong decision and timing. Bitcoin gives profit yet, it makes people suffering from crisis. So, better to plan what we need to do as a step to have profits.

But people would need to be patient to hold bitcoin, and no one knows how long he must hold his bitcoin. Not all people can do that since the bitcoin price is up and down, and that can make people sell at a low price than the price he bought. That would be different if he sold his bitcoin because of an urgent situation that needs money to solve the problem. But some people will not be strong enough to hold for more than 3 years, especially if they buy bitcoin when the price is at a high price.

If you bought bitcoin in the year 2017 then you are big unlucky man because this year profitable for everyone bitcoin holders. Even now this year big dumping bitcoin price everyday so you can bought some and take long time holding, stay see next market boom.

It's true that anyone who buys bitcoin in 2017 and sells in 2018 is a unluckiest person. And including those who can't wait for the price
of bitcoin to go up. Though the key to success in trading is patience, without our patience even difficult maintain the capital we have.
Make mistakes when buying bitcoin in 2017 is a lesson to improve.

You're not unlucky when you got the right time of buying at that year. 2017 to 2018 is a big crash that happen from crypto, but there were times where buying at that time is highly recommendable and profitable, it's not a year of unfortunate and tremendous crash events. 2017 to 2018 is the perfect time for everyone, not until late 2018, probably November or December when the bitcoin price already soared up high at $20K, if you bought at that price then I'm sure you're still waiting til it gets higher than that, if and only if you did not sell it until now.

Such mistake is inevitable yet we didnt know on what would happen on next year either a dump or continous rise from year 2017.
Patience is indeed needed but there are really times that we cant stop ourselves to do such act to sell off because of our emotions.
Its our money after all but consider this one as a learning that panic selling is never been good.Yes, future is unpredictable but we should
really not get ourselves to be caught on FOMO because when market tends to reverse then we would surely be wrecked hard.

If you didn't do your research surely you will ends up selling with panic, this industry have volatile nature so those who able to research and assess every situations will have a much better look to the situations and not to sell everything, or they have some good plans in order not to lose the amount that they can't afford to let go, planning and setting up good strategy before dealing with any investment business is very important.

I'm sure there will be many unlucky people like you, but this is crypto, has risks. I think there is still hope because in 2020 there is still a long, coin that you hold can be sold and give you profit. I also bought a few coins at the time of the bullrun but I still believe that one day prices will rise again as in 2017.

Yes, the idea that you should own bitcoins because of what it stands for and not for profits is not something that is as quite common as the early days, it has became some sort of commodity that people are using nowadays and that is why I doubt anyone really uses bitcoin for the reason why it was created all that common. Don't get me wrong there are still people who work and earn bitcoin from their work and the same people who spend bitcoin for other stuff they might need with the money they earned as well, so there is no fiat going in between that earning and spending and purely a bitcoin life in their regular life.

But there is just too many things in life that requires fiat to this day, mainly your bills for example which is mostly fiat, and everyone still needs fiat. Which causes everyone to focus on getting more fiat instead of more bitcoin.

You do not have to make a loss when you bought at 20k, it is the selling that realizes the losses that you should be avoiding at all costs.

Now, if you went all in during the 2017 period (some people did, hell some people GOT A LOAN to buy bitcoin, people are crazy) that means you are in a tough spot, but if you didn't went all in during the 20k simply just buy lower and lower the more it goes down and you would be profiting eventually.

Yet if you went all in, the only thing you could potentially do is wait for it to go back up and meanwhile always save up some money and use it to buy bitcoin, you will see that your purchase avarage of 20k will eventually go to 19k, and 18 and 17 and eventually reach to a point where it is under 10k if you buy enough.

This might be true for risk takers but not everyone is a risk taker and that is not bad. One person might have money in store to cover up their losses for a long time but some people may not be that prepared with the market.

Now whether holding long term to sell or day trading to buy and sell are two different things and in my opinion both are important. How much you put in the market is less important than how many way you put into the market.

This is different from diversification - which is a wrong thing in this market, because altcoins are shit.

People need to remember, diversification means investing in Bitcoin, in addition to traditional assets. Putting your money into more of other crypto isn't investment, but speculation. Perhaps ETH might get to Bitcoin's level some day, but if you're putting in more money into crypto just to put it into an alt, that's increasing your exposure to crypto, not diversifying.

You are not the only one in this situation. I bought bitcoin at the peak too, had to use another strategy to recover losses, trading has done more good to me even though I have had some major losses, I am thinking about my 2017 loss anymore because of progressive gain.

Exactly, they take it that diversifying means putting money into more and more altcoins and thus increasing their chances of loss. Diversification is for managing risks associated with one to the benefits associated with another, but hey people are stupid and others are using that to their advantage.

ETH is not going to reach anywhere near bitcoin. Maybe by price measures it will be the next highest priced after bitcoin but it is not what the crypto ideals is and bitcoin will always be number one there.

It is actually bad that people who put their money into bitcoin during the pump were actually manipulated into going FOMO and not buying at a dip. Now when the prices are down people start saying that bitcoin is never going up. Its ironic how much disparity in there in balance of the mindset of traders here. Either their brains have fried with unlimited use of weed or they are just plain stupid.

in fact, many people have felt that since 2018. that is because the pump that occurred at the end of 2017, and early 2018 made many people think that crypto will return to the pump again. however, that did not happen, and it worsened until 2019. well, now, halving will happen again, and I think many people are preparing their assets.
Well, it happened, now hold the assets you have, and think about selling it at a high price in the future.

 you might be unlucky from that time but im sure you are lucky on other times too or on other stuffs not just on crypto  and besides you are not the only one that bought btc that time but there are many people too  . hope you learn a good lesson with it that we must not buy at a high price because the price can usually dump after that and we wont know if when will the price recover again   . so if you are not patient enough you could end up selling your coins at a low price that leads you to loose and regret later on  . stellar is already good to and should not be converted to ripple imo

Patience will reward us success if we can hold enough in a long period of time.

You definitely has to learn more, study the market its past trend so you'll understand that investing in crypto is not a waste of time, eventually the time that we are all waiting for will come, it doesn't matter if we bought at the peak as for sure, bitcoin will rise again and will make a new ATH, and that is the time we should all be waiting for.

Yup! You're not diversifying when you spread your crypto investments into more crypto. That's just diluting your crypto investment, gambling for quicker returns and risking good capital.

You're diversifying when you add bitcoin to your portfolio. Anything else at this point truly is speculation.

People need to realize more that they were lucky if they bought anything in early 2017 and sold in late 2017 or early 2018. At least I know I was lucky I managed to get in and out of most coins (but also unlucky to get in some and never get out haha).

I keep saying, we're lucky and it's all about timing. Accept that, or think long term and invest in bitcoin as a multi-year project.

Oh I think you should more patient because we know that many people are loosing more money because of they bought high coin also but they have patient and strategy so for sure they are already recover because if you buy more coins again when the crypto dump and you invest you will have more money or you get recover because market now is doing good.

It seems you have a chance to correct your mistakes in 2018 because Bitcoin has retest the $3000 level, if you have waited for a dump and bought in the dips then you should good profit right now.
But if you have long term perspective then you should probably hodl and dont sell especially when a major event is coming such as the halving.

Precisely, those who bought before the huge rise happened early days of 2017 and able to sell out also in the early days of 2018, but if you bought it from the hyped and sell it out when dumped take place then for sure your loses are huge. In this kind of industry where volatilities are always present knowing the right timing will give you higher chances to earned. It's all about knowing the venue where you will going to place your investment.

That is what exactly majority of people are in for. Just for a quick profit if he's in because of believes, he probably have been in it for along time ago. He joined in 2017 which was when the price was going high. He must have heard about it as a means of getting quick money and now he's considering selling back if the price rise during halving

Weak hands will easily get slip into this. Know that not all crypto holders have that strong charisma and could hold their assets even the crisis appears. Maybe we could say it was a stupid thing to do but I also believe that they deserve such understanding coz I know they have a big reason why they do this. It wasn't really as desperate action but probably they need the money and so giving no other options take but have to sell it even they are losing.
Quite that familiar, though.

Unlucky on your part if you're saying the real truth on this. The market was green when you came into the business and regretted you ever bought bitcoin at that time. That's the issue with those who like to buy or enter into the market when the bullrun has been activated. Study the market would.be the first point of call to you as a new investor but you forgets that. Though holding those coins on a  long-term will definitely increase your chance of selling for profit when the bitcoin halving get into action. Next time ensure to get prepare before the bullrun get in to avoid this scenario. Hodl on, we're almost there when profit will be sure.

You make a mistake because you don't analyze what you want to buy.
At this time you have to be patient enough and set targets for display. If you sell it now you will experience quite a lot of losses.

Your expectations in cryptocurrency can happen as you wish, but you must be patient.

It's not just you who experience things like this, there are still many people experience things worse. Currently you can only focus on the future, how to get profits back to replace the losses in the past.

There is nothing like being the most unluckiest person, it just happened but that's not the end, there are still a lot more opportunities in the Future. I hope you have not sold your coins now, because if you have, then that's when I would say that you're unlucky. But, if you have not sold your coins and you still have them till now then you should still consider yourself as a lucky person because this is not yet the end, the price has been going up and if you continue to hold your assets, I know for sure that you will soon make a lot of profit.

The halving is already close and we don't know what's going to happen next, the price might skyrocket. I am very much sure about seeing a new ATH before end of this year. Who know? Because, some people are speculating about $100k price levels for bitcoins within 2020 due to corona outbreak, economic crisis and stock are not attractive anymore.

I think you're the luckiest person, you bought Bitcoin before bullrun. Now you know how to handle this situation. Cryptocurrency situation is becoming more good before 2018. Everything will be same after halving is over. Next year the whole crypto cap will be trillion l, so you don't need to worry about your hold Ripple.

It is very harmful to remain in negative thinking for a long time about things that you are not able to crush.
Yes, you missed the opportunity, but this is not the last opportunity in your life.
Constantly thinking about your mistake, you are unconsciously inactive, which means in this state you will not see new opportunities that appear on the crypto market constantly.
Open your eyes wider and look to the future and not the past.

Easy to say but actually hard to move on since we know that there are mistakes that do really keep haunting us until into the present.

Experience would be the main thing that will help you out to overcome these negative insights or vibes into your crypto investment career.

This wont be an easy journey but at least can really be handled out if you do know on what you are doing.

Being optimistic isnt bad but dont hope that much on where you do already presume that we would able to hit up a trillion cap because it is nearly impossible to happen.Well everything is possible but expectations that are too high would really be painful if you do expect for something that havent been achieved even in our lifetime.

Thing here is that he do know on how to hold and do know on whats the situation rather than selling those coins due to panic.
Its still good that he do have still those coins into his bag and still waiting for the right moment.This is truly a test patience which
anyone cant easily do.

That is the best choice because the OP understands the situation of the market and sold them in 2018. People who sold coins in 2018 will buy the Bitcoin again in 2019 because they might get more Bitcoins, now everyone is very positive about the future of cryptocurrency which the total volume might increase in the future.

I think the user said "unlucky" and not lucky. But it depends on perspective of what the trader wants. ;D

Well your post before halving and now that halving is over nothing really changed to bad did it? Rather bitcoin on average is above 9k USD everyday now and holding that level. Its not coming down easily from there but you can expect it come down in case someone decided to dump their stash.

Ripple is a centralized shitcoin, just because it gives a fast transaction does not make it better as a store of value. Maybe it can be thought as a quick transfer method at the most. :P

this is a form of investment, which can be profitable and can be detrimental. so it is natural that investment will occur like this, just maybe different people who disclose.
unfortunately is you convert your bitcoin to altcoin which is actually by holding bitcoin then the losses will be even smaller than converted to altcoin which is also unstable because they all depend on the movement of bitcoin itself.
there is nothing to be sorry about but this is learning for the future can be even better because have learned from mistakes.