Bitcoin Forum

Dears,

What I have to do am losing about $90 in Medicalchain Coin

and It's price no is about less $1

do u expect to raise or not ?

You got a link to it on an exchange?

You've got two options with lesser known coins:
1. Take it as a lesson not to "invest" in something without sure plans and actually if someone wants to buy it for a dollar AND it has nothing innovative about it that might still be a good price.
2. See if it gets pumped at some point but it could fall much further first..

How much was your capital when you bought that coin and how much you have left with the value for that coin? The rank of that coin is exactly at 1k.

Volume's kind of losing hope with $11k for 24 hours. I think the right thing for you to do is to sell at losses before you go further in a loss or have nothing left holding with that coin. The chart has already the hint that it won't be active anymore.

I assume you purchased it when it was at its all-time high and that is what you mean when you say you are losing $90. The coin has lost over 99% of its value. There is nothing anyone here can do for you. You shouldn't invest in projects you aren't familiar with. Seems like a proper shit coin if you ask me. Try to sell it, trade what you have for Bitcoin, and get out of there. 

Move on and take it as a lesson to never trade shitcoins. The worst things you can do right now is to keep hodling this shitcoin, or trying to chase your losses with other shitcoins. This will only make you lose even more money. Just buy Bitcoin and hodl it for long term, this is both the safest and one of the most profitable choices in crypto, but people, especially newcomers, tend to ignore it because they get greedy and want to see fast returns, and shitcoin scammers abuse this mindset.

It's painful to sell at loss but he can't do anything anymore with it and that's his final choice.

To sell in whichever price is the choice that he've got whether it is a loss for him. Unless he's too patient and wait for a comeback for this coin and if it rises back, that's good for him but it's very unlikely that this coin will ever go up again. I did the same mistake when I was a newbie and just learned from that.

My first question was wrong, it should be what was the price when bought. Maybe he bought at the top of the charts of that coin.

That has been the case for many investors now investing in ICO then losing over 80% of its value, it's advisable to just invest when the coin/token hit the market, you will have insight and idea if the coin has demand in the market, and you will save yourself if the developers abandon the project or run away after getting the fund, $90 is not a big amount compared to others I know who losses thousands of dollars.

As others have stated, if you’ve learned your lesson and decide to stack BTC instead of trade altcoins, the $90 education would be well worth it.

A complete utterless shitcoin that currently has a 24-hour volume of $5000 on Huobi Global[1]. You probably already know that that coin's pretty dead. Chances are though, you probably got those from an airdrop I might guess? Though if you bought it losing $90 is not the end of the world so it should be completely fine.

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[1] https://coinmarketcap.com/currencies/medical-chain/markets

Just forget about it and start your next journey. Hope you will be aware of these shit altcoins in your next journey.

Not only you but also many of us in this situation because of holding shit altcoins. If the altcoin would eth, dash, LTC then I could suggest you to hold, and maybe we can see more potential price correction in the future.  :'(

thanks for all replies

Yes it's a big lesson, I trade on Bitfinex and this time the coin raise in dramatically high in this case the increase will %100.

If i Found coin in the trading and it's profit is high what I have to .. what is the reference to evaluate it.
this coin have website - white paper .. else ..

that is the tips

thanks

Well, 99% shitcoin has that. You should look for partnership, product value, competition etc. It is like finding a needle in a haystack, don't just bought something because it rise 100% whithin a week.

Having a good website and whitepaper of a project doesn't mean the project will make waves and the last time i checked this project concept was to put the patient in control of their medical data and giving them the power to share the single whoever they want which we both know that the governments will kick against that due to their centralized system.
 With that been said, mistakes make and lessons learned what you have to do now is sell the coin for BTC cause the market is still in the downtrend stage.

Never heard of this project, there are thousands of shady projects like this in this market and there are a lot of people stuck like you. There is no way to return, it is best to forget it and invest in the top altcoins in this market to be safe.

When did you buy this coin?when it is Hyping? and also which exchange this listed?

I assume that you bought this coin back in 2018 when the price is growing ?why need to wait this long before being aware ?

the price now is 0.002$ according here

https://coinmarketcap.com/currencies/medical-chain/

I think you are waiting for nothing as of now,but we don't know in future if this will comes hyping again.

You are losing only when selling. So far you are still holding. What was the price when you bought Medicalchain Coin? $90 is this amount invested or "your calculated losses at the moment"?

You know what? Sell it? Let it be your first negative experience in investing. This will teach you to be more smart when selecting an altcoin to invest. You wont study if you dont make mistakes. Learn the lesson and come back stronger.

Frankly, I havent seen any successful crypto projects related to medicine so far. I might wont seem them soon. Medicine and cryptocurrency/blockchain are still too far away from each other.

 how much did you invest in total ? 90 usd loss can look small if you invest over 200 usd but lower than that could be alarming anymore  and what is the price of the coin you hold before  . you know if the coin is likely fake when it jumped alot without unique reasons  and the sad part is if when you got attracted by that  but if its not the way i described it then you can be just fine if youl wait and please dont be paranoid to whatever i said earlier because like i said i didnt knew this coin yet  .

You are so fortunate that you lost only $90 for a worst nasty coin. But there are many newbie who are already lost their hard-earned penny millionth of worth. Even I also lost more that $10,000 in terms of value and also faced the hackers hacking in my account and they theft my another $10,000 worth of crypto. So, be patience and invest wisely and ultimately, I suggest you keep your crypto in a safe place.

How is it possible that in the middle of medical pandemic the value of  goes down?  That is impossible. Right now everything medical is needed 10 times more. Is it possible that this coin like so many ICO coins have no use case at all?  And everyone bought it were just a bunch of ....

perfect,as long as the coins stays in our wallets we are still not losing,yeah the conversion may fall but the volume will remain.
For me?with that so low value?i would rather consider forgetting it for a while,i will just let the coins inside my wallet and just comeback after a year or 2.
But Medical project will soon be acknowledge because this is one of the most important needs of the world.

Looking at the activity of their website it seems like they aren't really doing that much in terms of bringing in new developments for their cryptocurrency so I would say no there is no chance that their cryptocurrency will go up. That kind of price decrease for altcoins is something unrecoverable and it is a sign that investors lost their hope for the crypto they invested. So follow what others have already said and don't just by cryptocurrencies without even doing your research about it since your money will be the one suffering from your decision.

Bad choice for investment in Medicalchain, if we pay attention to price movements. Almost never pump from 2019, I'm sure you
lost $ 90, because you bought when the price was at the peak. My advice is just sell loss Medicalchain that you have, and buy other
coins that are more profitable. I am sure Medicalchain will not increase in price, its volume is also fairly low.

There are plenty of such shitcoin in this market, so be careful with your investments. $ 90 is a small amount and I believe you will quickly recover it in the next investments

thats why people should think about the risk on crypto investments, especially on unknown coin such as medicalcahin coin mate
so, not only think about the rewards, and for newbie, i think its better for you to invest in the top coins my friend

It is getting interesting.

Why are you quoting and answering about medicalchain coin value? You haven't made a single post in this topic and you are not the topic starter. Or...You have forgotten to re-login? :D Gotcha ?!?

The only medical project that might be acknowledge right now is the one that will find the cure against Covid-19 !

A lesson learned to many in crypto to never trust easily a project that is new and lack of improvement in the first place. Never invest any amount that we cannot afford to lose. That’s what I think it has bought at a peak price and suddenly price dump. So it is best also to follow the update of the project if there’s any or if none selling at a loss price is a choice.

$90 will be worth for people who don't have much money, and they invest in the project because they want to double their money in a short time. If they can not get more information about the project and what the project seeks to reach in the future, he will not make a profit, and maybe he will get lost. I never heard about Medicalchain Coin, but I wonder if the project still runs until now, or the project has delayed the phase to reach their goal. Maybe you can wait for more and still trying to talk with the team or the developer, so you know what is happening to that project.

I'm not surprised if someone loses $ 90 or $ 1000 even if investing in shitcoin, there are many threads that always remind us to always do research and be careful in investing

I'm suspecting OP to had fomoed, that's why it's always good to check chart and FA of a coin before buying, you've got to hold it if you believe it will moon or you sell at loss, but it seems medical chain is a total shit coin as lots of comments has been describing it

It is in fact a very cheap lesson if you ask me, there are people that have lost thousands of dollars or even their entire savings and they had no money left to apply their new found knowledge, while I know that for some people 90 dollars could be a lot of money the truth is the lesson was quite cheap no mater how you look at it, however even when investing in bitcoin it is necessary some level of knowledge before the OP begins to put his money in it otherwise he could FOMO and lose money that way too.

Is this the coin you are talking about? https://coinmarketcap.com/currencies/medical-chain/ It is listed on some decent exchange like Huobi, bitfinex and gate.io but it's 24 hours volume is pretty low, It seems this project have no new updates and developments to keeps this project alive. Its ATH was $0.4 and its ROI is lost about -99.02% which is not really good. Your only hope to this project is bullrun and wish that the team will bring this project alive.

Better to sell-off right away if you do still have money left into that shitcoin rather than on risking your investment coming into a complete loss.

Theres nothing you can do if you are already caught in the dump yet theres no other chance but to wait up for price recovery but the question is, would it able  to do so?

If you can gamble or do able to take the risk then its your choice but for me then its better to cut loss and never look back on investing to most shitcoins in the market which is only

good for pump and dump.

I assume you bought it, at high price, because many people affect you 'maybe in telegram ICO, said "this coin will become so high, to the moon".
Im not sure this coins will raise. MTN volume in exchange only around $4k-5K, this is shitcoin, wait more will make your chances for profits disappear.

So my advice better you sell it and invest in top coin. $90 is small value, better forget it

Just keep the coins in your holdings,you have already held that coins in your possession for years so why seems to be bothering now?

Keep it  because  as  long as  you  have the currency in your wallet,you are not losing any single amount/

DOnt  be bother about  the  Dollar  value because  there is always  a chance for altcoins to recover.

at high price of course because he is claiming to be losing much higher compared the price of this coin these  days.

You did not mentioned  when did you bought this coin and how  long have you holding this.

better stay Holding if i were you,or decide to sell the coins so you wont be bother anymore thats  the only option you have for peace of mind.

Actually, what you need to do is either move on or sell so that you don't lose all. Try to get something back to your pocket rather than lose all.
And how much would count a reason amount that would classify it as a big amount of lose. Very wrong to say that. Your 10,000$ is also nothing compared to what others have lost if that's the way you want it.

It was soo sorry for you mate because you are one of those believers who thinks that this (shit) coin will have a market value. It wasn't surprising anyway, but for you a lesson to learn not to invest into not known coin coz we can't deny that most of them are worth dying.

It is hopeless to see a situation like that, better to forget that you are investing this coin because it only bothered you. But anyway, $90 is not really enough for not to move on. You can still recover your money in the other investment if you never quite investing crypto but be sure in the next round, you have a right choice of coin.

Common mistake of majority and this isnt something new where people do buy on something where its already into its peak and when they do get caught in the dump then they do ask out  on why it did happen and soon they do realized and learn from that mistake.Im aint saying its needed or necessary but people do learn in a hard way and this situation is non exception.When it comes to shit  coin investment then be ready into this kind of
result and its better to move on specially if the coin is heading towards the grave.Theres nothingg much you can do but to accept that you did really make some mess on here.

Medicalchain is an example of an old coin that was released in 2018, this project is probably created because of the cryptocurrency
hype in 2017-2018. And it ends up being very low volume shitcoins, chances are you buy Medicalchain when the price is high.
My advice let it go your assets are on the Medicalchain, hoping that if Bitcoin can return to the price of ATH Medicalchain coins will
go up too. If you sell Medicalchain now and lose $ 90 is bad decision.

Are you joking about that? i never heard this coin has been touching a high rate before. I guess you meant about this https://www.coingecko.com/en/coins/medicalchain

That's a shit scam coin and i don't expect such coin can make you get back your money again. Im sorry for your loss but this is a crap coin.

90$ its 2 meals in my country so this lose is nothing. Where are you from? India?

I would suggest you to consider this as a lesson because the coin which you have invested is a shit coin and you cannot expect much from it, and it's better to cashout from this coin or rather shift your investment to other coins like TRX or BNB or ETH before you end up losing much more as I don't think it will ever recover.

All of theese 'medical' tokens ended up the same way. DocAcademic, Medichain, Instant Access Medical - have you heard about working product from their production? No they jusg raised tens of millions of dollars andeft the industry.   ::)

MTN is listed in good exchanges
 https://coinmarketcap.com/currencies/medical-chain/ (https://coinmarketcap.com/currencies/medical-chain/)

however the volume is not so decent. If you do a research before you bought that token you probably know what you’re doing but if you bought it because of the hype then definitely its a problem, but who knows maybe you’re holding a gem in disguise.

You are absolutely right, nothing works, everything becomes rubbish.
as many people say if buying when the hype comes don't take too long to endure in the long run because the unclear purpose of altcoin will be flung directly to the bottom of the abyss.

This coin ranked #994 on WorldCoinIndex. I personally will only trade top coins.

Best and only option right now is take your loses and move on from the coin Lesson learned or if and only if you are sure it will rebound then stick through the mud Next time you want to invest make some research and check news and roadmaps then volume of trade, that and many others can help keep up with investments

It all matters with the projects potential or utility on what it makes successful or can able to withstand into this very fierce market.We have seen how many times on how a coin being hyped up
then it comes next with sudden pumps and rallies but it cant really hold for too long because the next one would be a hard dump.

This had already been a typical thing here on this space.If you do let yourself dragged or get neither hype or fud then you'll surely on the verge on losing everything when price dumps to the floor.

When shooting up some dollars on a certain project then always look or come after in long term aspect.Dont make rush decisions.

Dont Give such  advises since  we are not yet confirmed how long have  been OP holding this coin because the way i see it,since this coin almost no movement this past years and looking at the chart?This coin last move good 2 years  back https://coinmarketcap.com/currencies/medical-chain/

So basically OP has been Holding this currency for that same long now.

He might only concern because of the long time without good moves of this MEdicalchail.
Its not about the rankings instead about what will be the movement in future?

and besides OP is asking for opinion what to do about the currency and  he has no choice but to deal with this since he already holding the coins.

There are only two paths to take, one is to keep holding the coin hoping to recover your money or even make some of it, but this is so unlikely as people most likely forgot that such coins existed on the first place, the other option is to admit your mistake and sell, this can be hard to do but it seems like the most realistic path as there is no point in losing more time and money in a coin that most likely will never recover instead of concentrating in good coins like BTC and ETH that are giving profits now.

never give up when you suffer losses in the crypto world it is common in investing if you want to make a profit you must have skills in the crypto world or examine details before investing

many shitcoins are circulating in the market because of their unclear plans and products.

altcoin is very risky but if you are lucky then Altcoin can make you rich quick. DeFi is currently attracting attention.

he has already invested into the medicalchain coin and that's a crap coin that doesn't have value. he was losing his money caused by it has no volume. That's a scam coin that has already made by the crap team as a money grabber only.

Hope the coin you are referring to is Medicalchain (MTN) and if you look at the daily trading volume it is just about $36,820 and that too in Huobi Global and it is not a great sign in my opinion as you might be a bag holder if you are holding for a longer period of time, the best option is to sell off whenever the price goes higher and it is trading at 29 sat.

in my opinion, this token does not have a good future...
for those who already get stuck, the best thing right now that you should do is HODL your MTN token. who knows in the future this token can bullish and make you no loss.

I see them listed at a lot of major exchanges in this market, but the price goes down every day and now the price has dropped 100 times compared to before. You only invest $ 90 in this project so I think you should keep on and wait

There are times were project after losing price value will raise so suddenly and surprise many people, I think what you should look at is the activities of the project team, if this is just a fall in price but team are active with project development then you should hold for price to increase, if you sell now you will lose so much.

No, probably he do talk about this one https://etherscan.io/token/0x33bb3221e512c812e7036c260a6c240b2c0bc317 Medicalcoin not Medicalchain and as i can see that

it doesnt even list out on certain exchange. The dollar value on whats being mentioned in op where this might be the ICO price? Its just my presumption yet

i cant find any infos that this one is listed out on certain exchange.

It is really hard to advice a person who just posted their blunder in purchasing an unknown project and expect that some miracle will be the solution to their agony. But I assumed he believed that the project will do well when he purchased that coin. So right now, just look for better options how to discard it. Just accept the fact that you can't get your initial funds from this investment and move on. Next time, you will be more careful in investing in newly-created coin. Or just stick to bitcoin.

That means even that coin has already listed in so many exchange site doesn't mean it will give really nice ROI. You must aware if there was a bunch of coin like this.

OP has been getting scammed by crap coin.

90$  loss mate,but it doesn't mean that he only invested that amount.

anyway what is 90$ these days?can't he wait for some time again since he did it already?
and also that amount is just a peanut now having low economy.
just stop looking at the price and wait for the effect of Halving next year so there maybe changes and will favor OP.

but for me personally?i will just forget this amount because this seems to be nothing we can do.

Losses are very common in this market, so there is no need to be so concerned about it. Learn from this experience and continue investing in good projects in this market. Do not care about any bullshit project because it will surely collapse in the future

In my years here?but i  believe is that  our coins and  our capital has not  losing  a single  amount  until selling it.meaning that  your coins is keeping intact in your wallet so whats the reason to be troubled?

May i ask you how long have you been Holding  this coin?because the way you deliver the thread it seems that its been years now?and also you are only losing 90$ (if your gonna sell it now)
meaning that is not  so much amount  to be concern when you already afford holding the currency for  long?

But if your main objective here is someone  who will  check the coin if there is a future  or not?then you'll find some generous above.

Having  98% ROI is bad sign that this coin will come to die soon.

If you still concern about  your  holding ?then better sell it now and find another currency to  hold  on,in this sense your stressful day will lessen and may focus in other activity .

There's not a single person in crypto that didn't faced the loss in some moment, that's something that happens to everyone, sooner or later. And some people face with much higher loses than 90 bucks is.
Advice is simple and easy to understand, learn from the mistakes you make, and next time try to choose better projects with bright future. Don't believe in all kinds of bullshit and big promises, do your own research and trust in yourself and your choice.

Are there people who lose $1000 or more and still have the concern of $90? I'm not saying that $90 is not money but that it's normal to lose and that this lost value can be the necessary learning for a knowledge of graphics and the market in general. To conclude, winning always creates a feeling of invincibility and that we are powerful, but when we lose our mistakes and humility they appear for real growth positively.

volume for 24 is very small, which means no one is interested in investing in this coin and I'm also sure if they won't have a value of $ 1, forget this project

i saw this coin has been trade in quite top exchange, the coin price is dump about 99% from their ATH 2 years ago, i just wondering how you could lost 90$ and why did you still hold this coin when seeing the coin price drop very much, im very sure that this coin need more time to get their ATH back because their daily trading volume is only 20,000$ in a day. i dont think with that daily volume would bring the coin price up in short time.

As long as you can research before investment, I am sure you can prevent the big loss, but you still have a chance to get a small loss, which can be possible to get in any investment type. But if we can gather so much information from many resources, I am sure that we will know how to prevent the big risk, and we might know how to prevent the loss too. I am sure that we all have losing money experience in the past, and we are still trying to prevent another loss in the investment.

I fully agree. I think a lot of us suffered some losses, when bitcoin and all altcoins were booming end 2017. We all thought that they would continue to rise and rise...
@OP, don't invest in shitcoins as Medicalchain coin; focus on bitcoin and some 'strong' altcoins such as ethereum and litecoin. Also only invest what you are willing to loose.

OP should admin that he had failed doing a proper research or too inexperienced. He should take it as a lesson and forget about it. Just sell the coin. It will never cost high and the variety that you will get your full funds back is close to zero.

What is the point of discussing for two weeks how a person bought a shitcoin and now dont know what to do with it? Such situations occur everyday.

when the ethereum market price rises it will decrease the price on the erc20 token, correction if I'm wrong, Is the erc20 token medicalchain from ethereum? If yes, it is possible that the price reduction occurred because the value of ETH increased in some time yesterday, but if indeed it happened because the price reduction is a market behavior that we must understand, not everything we invest has a stable value, you can save dollars for value stable, but choosing a project or token I think you must understand the risks of trading, only advice you should read more about the project more deeply and their vision and mission going forward

This is very easy to say but when you choose the wrong coin you have no other option but to admit your mistake, it is simply impossible to recover your money if you invested in the wrong coin, it comes a time in which you really have no other option but to accept the losses and move on because if you do not then you are going to lose whatever remains of your investment and it is better to get something out of it than to lose all of your capital.

I will not invest in Music and Medical based crypto coins ever; I got enough experience, I would suggest you ignore such project, because Music, Artificial Intelligence, Medical based projects are not working on blockchain. I don't think your investment will recover by that shit medical coin, better take this as your experience and be cautious for the next time!

He can at least choose the other project, but maybe he doesn't need to select the new project because the new project can not predict if the project can achieve success in this season. Maybe he can analyze the existing project at the market because I see that if he can found one or two or three projects, I think he will make a profit in a short time or medium-term or even in the long term. But if finally, he only selects bitcoin as his investment, that will be the best investment he can make now.

You lost only $90 for a nasty crypto coin but there are many people who have lost their money even by investing in many good project also. I also lost money by investing in such type of project. One of them is Bunny Token. Here, I have invested $500 and now the value is not even a single penny that is only $0.02 cents.

At times many such coins are just hype or created for the short-term purpose and does not get succeed eventually. So very rarely such coins you would find out that it can become a big player in the long term. So invest accordingly in any such projects and so at times just investing in top coins itself yield better returns during such times like the current period is going on.

I am not surprised that you lost $ 90 in Medicalchain coin, because Medicalchain coin is not recommended to buy.
Even the volume is very low, it is difficult for us to make profit from coins with low demand such as Medicalchain coins.
If you look at the price movement of the Medicalchain coin since the dump in 2018, until now there has been no drastic
price increase.

It is not a lot of money, I believe you will quickly make a profit in the future. I lost more than $ 20k on shitcoins in 2018 and they never come back, my mistake is trust altcoins in this market.

Maybe you are not alone in experiencing this bad luck. There are many people out there who have the same fate as you, even their funds are more than your money, but I think they stay calm and try to make it all an experience so that it never happens again, you should always be careful when putting funds in projects during the dry season like this.

It is very dangerous to invest in most altcoins for a long period. But nevertheless, for short-term trading, these are very good tools, but since most altcoins pursue transparent goals, they have no future. As for the Medicalchain, I had more confidence in the future of this project, based on the problems that the coronavirus brought to the world.

This case is more pathetic than OP share and I think $90 in crypto not a huge amount so it's better to forget it and make it your experience for next investments. And until now i never seen project based medical, hospital, etc which related to health become success. So don't choose project like that anymore

I wouldn't feel bad for buying into this coin. I remember reading about it and thinking it sounded quite good at the time.

losses will be common in the investment world especially for the crypto world many crypto coins cannot be predicted, especially on unpopular coins
the price could go up and it could go down before investing check in detail coin it

i think you bought that coin when the price is too high.. the reality in the crypto community is like that.. you should check the price first when was the all-time high or when was the lowest price.. if you don't want to lose your money then keep or hold your coins. sell when the price goes up..

There a lot of them. Even hyped ICOs are nowhere nowadays. That includes DADI, EXY, INSTAR, CARD, ATMI, ELEC, DOCK, CPC, NCASH and a lot more. These were hyped projects back in 2017 and provided a good returns as well. But look at them now!

   If we wish to be honest we would say that some coins will never recover. Truth is that everyone here have some coins that's going
down in price, but we still hold it, even we lost hope it will recover deep inside.
   I don't know a lot about Medicalchain! What I know that nobody should allow others to tell them in what someone needs to believe in.
It should be your own choice in which projects you will have faith in long-term.