Bitcoin Forum

Economy => Trading Discussion => Topic started by: quantatativestealing on June 02, 2020, 12:08:09 PM



Title: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: quantatativestealing on June 02, 2020, 12:08:09 PM
I'm new here, and must confess I left the crypto space for the last 2 years and largely ignored whats been happening since the 2018 dump.
I've just jumped back in after seeing that sentiment is more Bullish, and can see what I bought 2 years ago is almost still worthless.
I get the feeling Tron and verge are no longer trusted...they were Alts of the month at one time!
I FOMO'd in at ATH and basically lost most of my investment.
Only the BTC portion of it remains intact, although still in a loss position.
Are there many on here that still hold them? or just me :D


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: Daniel91 on June 02, 2020, 12:26:12 PM
I think you'll quickly learn that most members here believe in bitcoin and think long term, and hold their bitcoin and don't sell it  :D :D
If you expect to solve all your financial problems in a few days or months then you're in the wrong place.
You should look at bitcoin as a long-term investment, 5-10 years, not a form of gambling.
I don't think you have much experience with investments and you're putting too much emotion into your decisions.
Personally, I trust only btc now  ;D


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: Greatdev on June 02, 2020, 12:50:15 PM
You join the wagon when bullrun was ongoing, that's a wrong move but not overall bad for you since you are haven't take your loss yet, meaning there is still chances of recovery in near future, you have no choice but to keep holding, these coins are good


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: mk4 on June 02, 2020, 01:00:03 PM
I get the feeling Tron and verge are no longer trusted...they were Alts of the month at one time!

We'll, to be honest, Tron, Verge, and 95% of the cryptocurrencies weren't even really "trusted" in the first place. There was just so much hype surrounding both those coins, but everyone that did research knew that both were crappy projects. Looks like you just succumbed to the hype, and hopefully you've learned your lesson.


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: sheenshane on June 02, 2020, 02:10:07 PM
Welcome back! :D

To be honest, I didn't hold altcoins in long term, but yes, I have all of them before but I immediately cut my losses and accept it because we all know that even on the top rank of altcoins aren't trusted when it comes long term holding. There's hype but in a short period of time and riding those hype will be good if you're monitoring the market condition.

You should remember this that the bigger the community or leading among crypto is the tighter the issuance and money supply, the better the investment. Choose Bitcoin as a big share in allocation if you are planning to hold the long term.


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: jcpone on June 02, 2020, 02:11:55 PM
I'm new here, and must confess I left the crypto space for the last 2 years and largely ignored whats been happening since the 2018 dump.
I've just jumped back in after seeing that sentiment is more Bullish, and can see what I bought 2 years ago is almost still worthless.
I get the feeling Tron and verge are no longer trusted...they were Alts of the month at one time!
I FOMO'd in at ATH and basically lost most of my investment.
Only the BTC portion of it remains intact, although still in a loss position.
Are there many on here that still hold them? or just me :D

Well that was your opinion only dude,  because we had our own best choice to hold in crypto.
Just all I know for sure 100% good to hold in a long term was Bitcoin, I don't know about the other altcoins
out there, n which I am not exactly sure about them but perhaps they said is true also.


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: Kelvinid on June 02, 2020, 02:37:06 PM
It might be sorry for you and regrets your leaving. Because if you are still in crypto, that 2018 will lead you a way to double your profit at this time.
I understand the situation and the cause of your leaving but that was also a big opportunity to recover your losses by accumulating more Bitcoins and have it sold this time. But that was life, sometimes we lose our positivity in mind and become blind for a better opportunity to come because we totally distracted by our bad market experience.

It probably you are right of not holding Verge and Tron as it never been in good anymore, but that was not good to include BTC in your hates.


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: slapper on June 02, 2020, 02:45:02 PM
I've already sold all of my coins since 2018. Even though I do not like to invest my money in cryptocurrency anymore, I still believe in the fate of them. They really are the future of money. The world is in a big crisis right now cause of the China and the US. Therefore, if you have money, throw some of them in Tron and maybe 4 or 5 more years you can x100 your investment. At the moment, I have to work to earn money again. The big dump in 2018 took everything from me :(

Nice to see someone try to get back to cryptocurrency. It has been more than a year since I left the cryptocurrency world and the bitcointalk community
Cheers


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: pakhitheboss on June 02, 2020, 03:00:52 PM
I'm new here, and must confess I left the crypto space for the last 2 years and largely ignored whats been happening since the 2018 dump.
I've just jumped back in after seeing that sentiment is more Bullish, and can see what I bought 2 years ago is almost still worthless.
I get the feeling Tron and verge are no longer trusted...they were Alts of the month at one time!
I FOMO'd in at ATH and basically lost most of my investment.
Only the BTC portion of it remains intact, although still in a loss position.
Are there many on here that still hold them? or just me :D

Never bought Tron or Verge.

Still HODLing Bitcoin. I am not sure about the alts but keep HODLing your Bitcoin and you should be able to recover your loss by end of this year or next year.


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: LbtalkL on June 02, 2020, 03:02:31 PM
You are new but I guess you already have knowledge about crypto through the years and you have learned from your experiences. There so many things happening on crypto, exit scam, FOMO, pump and dump, etc. Investing in TRON and Verge is not that bad compared to my coins before they don't even exist now, totally gone, and no chance of recovery. Even with the bad rumors about Tron you still have hope that it will recover and Tron is doing good on gambling DAPPS, When the market is green I guess these ALTS will be lifted too.


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: bitgolden on June 02, 2020, 05:06:54 PM
Only the BTC portion of it remains intact, although still in a loss position.
Are there many on here that still hold them? or just me :D
I am still holding my bitcoin from 2015; it means if you have believed into bitcoins then you will never get disappointed with respect to your investments. You are definitely not alone here because many people are sharing similar kind of stories always here. All the suggestions this community to always provide them is, just focus on investing more into bitcoin that will definitely help you to recover all your losses happened with other altcoins.

Believe or not, I am also an investor of tron but unlike you I am still believing into it for a sharp bounce back; but that will be possible only bitcoin entering into bullish trend. We do not have any other option except waiting for bitcoin to turn bullish. You may stake your trons on trust wallet to get some more trons which may help you to recover your capital quicker. (Just a suggestion do your own due diligence on trust wallet and act at your own responsibilities).


Title: Re: I'm still a newbie that got burned by BTC, Tron and Verge
Post by: The Sceptical Chymist on June 02, 2020, 05:21:42 PM
I FOMO'd in at ATH and basically lost most of my investment.
Only the BTC portion of it remains intact, although still in a loss position.
I seriously doubt you're alone in having bought bitcoin and some hyped-up altcoins when they were at their all-time highs.  Lots of people start to feel that FOMO and do exactly what you did, and it's why the market got as overheated as it did in the first place.

Tron is an interesting coin, but Justin Sun seems like a complete huckster, a snake oil salesman.  Sometimes a coin with real utility can overcome its origins, but I don't know about Tron.  If you're still holding any of what you bought two years ago, you'll probably be waiting a long time just to break even (IMO).

Bitcoin is another story, though.  Even if you bought it at $20k, I wouldn't dump it now and cut your losses on it.  I do happen to think it's headed higher, but it has to break through the $10k barrier first before it starts approaching a new ATH.  That could take a while.  In any case, think of your experience as an education--even if it was an expensive one.  If you learn from your mistakes, hopefully you'll be less likely to repeat them next time a bull market rolls around.