Bitcoin Forum

My portfolio lost 10%.

I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.

From what I read we werent in a bubble, I even remember seeing coinbase commercials in the hospital bragging about how BTC was going up and up. I was surprised that coin base got that big, but based on the fact they "lost" some coins of mine and I have been emailing cust serv for four months with no reply, really should be able to afford some really good commercials. If you cant trust coinbase who can you trust? MfGox? trevon,BTCNick and what ever that pyramid scheme was called? What ever happened to them anyways? I hope jail.

But seriously, what happened where it slid so quick after seeing such steady gains? Not like I can read the WSJ or money.cnn.com and see news or prospectuses coming out

I only lost 1k$USD but I'm pissed because my sell window was within 200 bucks which I thought I could hit. N00b mistake.

PS whats "Phase E" or a phase for that matter? I hear that on tradingview lingo.

I`m convinced the average IQ of the users on this bitcoin talk forum is below triple digits.

What happened is that you don't understand anything. You have "invested" (rather gambled) in crypto and now you are crying because you have in theory lost (you never lose until you sell) 10%.

10% swings are our daily bread and butter. When I see that my portfolio has gone down 10%, I keep yawning.

If you did not use stop loss orders for your account, you are lucky because you did not cut loss or did not panic sell in the crash. If you do it, you would lose more than 10%. Congratulations for being a lucky holder because of your illness in a few days. I of course will you luck with your health.

Whales draw charts for us and when we believe the chart will move with this way, whales will distort the chart the another way. If all of us believe the market will move next with Phase E, down more, whales will move Bitcoin up.

That made me laugh like hell, I literally yawned when I lost 10-20% of my portfolio the day before yesterday. It became routine these days to go from 20-30% gain to 10-20% negative.

It's the market, what do you expect.? This is not a stock market where people start shouting for 2-5%.. 10-20% ups and downs are nothing here.
If you have lost 1k$ then don't worry, you will gain back more if you have patience and hold them for long.

It's simple, the prices dropped and maybe next time put a stop loss before going somewhere if you can help it unless you want this kind of thing to happen again because it will be stupid on your part if this happens again because you have some way to prevent it from happening or you can just hodl and wait for your portfolio to go back up.

If you enter the Bitcoin/Cryptocurrency space without knowing that price crashes could happen, then I could almost guarantee that you didn't do your homework.

So you expected to make only gain minus any price drops?corrections?  ;D

You have been in this forum since 2017, so I believe you should be knowing the volatile nature of the crypto market by now. Not putting a stop loss is a very big mistake in your trades. It could have been worse, You would have woken up when your portfolio was down by more 50% any day. Just check what happened on 13th March 2020 (https://www.coindesk.com/bitcoin-recovers-40-from-12-month-low-below-3-9k)

You should've set a limit or something if avoiding losses was your plan. Like dude, you've invested in something that went up by over 60 MILLION TIMES in a timespan of a bit over 10 years. 10% is what you're afraid of? lol, what the hell. investments equal risk. Wake up before ranting about a small loss, this is the investment world..

I gave OP a couple of merits because his post was well thought-out, not because he exhibited serious experience as a bitcoin trader.  Just FYI.  

Yeah, he's inexperienced but we all started that way and that's just where he's at right now.  I can totally imagine how he'd feel in the scenario he described--it's almost like the first episode of the first season of the Walking Dead, where Rick Grimes wakes up in the hospital only to find that the zombie apocalypse had happened while he was asleep.  

But that's exactly what can happen with bitcoin.  If you look at the 1-year price chart, it does look just a wee bit extreme and it's not always like that--usually you see losses of 50% when you have price growth that looks like this (from CoinDesk):

https://i.imgur.com/6JlisiX.png

Which is exactly what happened.  Bitcoin went up too high, too fast.  That usually leads to traders taking profits and a general selloff once a new ATH is established.  It'll take a while for bitcoin to resume its upward trajectory, but I'm confident that it will.  I just don't know how long it's going to take.

Don't worry OP you're not alone I know some who are also down more than 10% on their port folio,
And it is better to keep your health safe than your wealth you could just earn it back again.
And I agree to Poker Player "You never lose until you sell" So if you are still holding them then there is still a chance that they could go back up after all it seems that the market is recovering now.

Not a noob mistake when your TP hadnt get hit where it almost able to reach out and the suddenly the market make some u-turn which is really not anticipated and hard to be predicted.

Lots of things happened in few weeks and majority or mainly focused with that China ban and Elon tweets where it did really make out some significant effect on the market.

Good thing that you do locked in some profits and only able to suffer -10% down on your portfolio compared to those who do lost 30% or more.

From the start, before you jumping and invest in crypto you should know how it will work.  I mean there's no stability of the price and it should always fluctuate either it will up or down.  But luckily, I didn't say that you've become a panic seller or did a stop-loss order, so, I presume you still holding on to it which is a good idea.

That's a good analogy and which is very true, if your portfolio has 1 Bitcoin it will remain 1 Bitcoin, and nothing had lost.  We know that the crypto market price will always have a surprise on us by having a new all-time high as always but there's no specific time frame when it will happen.  So, all I can say is hold until you can. 

Because not only you OP experience this right now, a lot of holders waiting when the market will have resistance and I saw there's a small v-shape on the price chart and it might continue like this.

Obviously your portfolio will down man due to the suddenly crash of the market on the past few days. Many of us are affected here and I feel your side man because the story of yours are almost the same as mine. I go into my province and due to that there's no signal there during the market crash and after that going back to the house that I've used to live upon checking my ports I've already down for almost 5% of all of my asset. Better if we just hold it and wait until the market recover mate.

This market is really surprising and the movement is real fast if you are not watching it. Just wait for the market to bounce back because selling right now is not a very good idea. A lot had lost in this current crash and I even read that someone took his own life because his position got liquidated and I think, it was his life's savings. Remember, money can always be replaced, so even if you are down today, you can get it back again.

The price dump should be expected by skilled/experienced traders when they see big short-term money controlled by few people nobody was certain what their purpose was for. I'd be suspicious once i start seeing " centralized money or hugh money controlled by one or few people pouring in just like that.

It's safer when coin supply is well decentralized and held mostly by many independent long-term investors rather than gamblers (big risk takers) or people willing to manipulate/attack the market.
Don't know much about the phase E, by the way. Not sure if i have heard that in trading before.

Wish you well.

Can't do much about the prices going down, just hodl and wait, the prices will recover soon enough and I don't think that we have anything to worry since the market is still going strong and the crash never dipped really low.

A 10% loss is nothing in the crypto world.
You could just do a google search about the recent events in the crypto world,instead of creating a forum post.


Commercials are just over hyped.You should never trust commercials.
Coinbase is a company and Bitcoin is a currency.Coinbase will keep making money,even if the Bitcoin price gets below 10K USD.Their revenue and profits doesn't depend on the Bitcoin price or other cryptocurrency prices.I'm sorry that you lost some coins.I really hope that the Coinbase customer support will solve your problem.

It has to do with the Wykcoff method of trading stocks. Specifically, Phase E happens when the price breaks a couple of local resistances.

Phases are just different highs/lows/middles of an asset on its price chart. There's an excellent tutorial about them on Binance: https://academy.binance.com/en/articles/the-wyckoff-method-explained

this of course will drain our psychology when prices continue to fall. but for established investors, they will keep quiet and wait for the price to return to normal, because previously of course they have analyzed it well for a long time in taking profits

Agreed but the crash happened were due to a news of China fud about bitcoin miner and Elon post about energy consumption thing of bitcoin isnt good for tesla ideals. Before these, the market is on healty phase. So everyone cant anticipate a cold crash for that alone. There maybe a correction if its a normal trade event but it was affected by the fud.

Maybe OP was just shocked how fast the effect of such news to crypto market.

No idea if this is true. But there was some guy on Tiktok or Twitter who invested $5000 in Doge. Then when he wanted to sell and withdraw, he was confused why he is only getting $2500. He made a post about it because he thought something was wrong with Robinhood because he started with $5000 and was assuming "stonks only go up" and was puzzled as to why his portfolio is worth $2500.

When I read something like this, its hard to tell whether its true or not. Sure it can be a joke but is it. People are so accustomed to making so much money for doing nothing, they are puzzled when they actually lost on some investments.

So posts like this that I am seeing doesn't really surprise me. This is pretty much a repeat of the Dotcom bubble only 20 years later. And it will not end well in the end.

3 weeks of having no access to your trades will certainly surprise you. Nah, a lot of things will happen in just a single day, how much more when it takes weeks. That is no wonder why it goes like this and made you lose, and in the first place, this will be something to expect. Because even we use Bitcoin for a trade, you can't really be confident enough that you will be safe as it was very important to check the market from time to time when trading.

I really understand the feeling when the price is dumping, but if your frustration is too deep, then it can make you go to the hospital again,
try to stay calm, as long as the market is still bullish, my advice is to keep holding,
but it's a different story if the market is bearish because better to cut lose and buy back again when the dump happened.

Considering doge has lost more than 50% in price since the downward trend of the market started, the story could be true although that doesn't justify all the story we read on social media. People consider this media platforms as an avenue to be what they desired to be in result leaving fake lifes, just to impress or decieve gullible investors into following their advice and profiting off them.

This practice is also very common in the cryptocurency space, there's this popular saying that nobody losses in Crypto twitter'. And when there's suddenly a new coin that gains momentum, you'll start seeing different stories of success same as when there's a trend of losses in the market.

The stories would be either they sold at the very peak of the market or they're I loss creating fear and doubt in the community. Basically all these storys has a purpose for manipulating the gullible investors among us by causing fud or fomo.

Yes, 10% loss is nothing compared to the gains that the market has seen in the past couple of months. Regardless of the drop in price, people who invested in Bitcoin and altcoins in January or earlier are still in enough profits. Most people calculate portfolio loss with regards to how much they've made.

I mean, assuming I have a $1K portfolio that went 100% in 2 months and dropped 20% in a week.  I had $2000 (thanks to the 100% gain) which got reduced to $1600 but people in crypto would see it as a loss without considering that they're still up 60% on their base capital.

There are instances in life which you cant really able to predict on just like accidents or hospitalization which would really be leaving you out of touch on your investment.
Neither you do have long term or short term then that would really be needing some attention or handling by you and its true that 3 weeks time would already be a long
one for you to miss out those things that do happen into this market but if you do go for long term then this wont really be an issue after all.
Drop of 10% in your portfolio is just like a typical day that could happen so it wont be that surprising.

True that. Op saved himself by not going for futures and I hope they did not go all in, because the saying clearly says that never put all your eggs in one basket so, if they diversified their portfolio, then this 10% loss will be recovered soon. Coinbase stock tokens will recover, they fell because the whole market was in red. I suggest you to calm down and wait for your chance to come after it regains.

Certain loss in your portfolio must be expected to come in any moment of time due to the reason that you have engagement into a highly volatile market where changes can happen by any moment and you will just got surprised that you have already been into a loss. 10% is still a small percentage to be stated compared to what most of the traders have experienced engaging into cryptocurrency trading from the past years. Good thing is that you only loss that amount and such can still be regained once price bounces back. Just be sure by the next time to use stop loss whenever you were up into something so that you can somehow manage your funds even you are out of the market.

As the market goes down, most of our portfolio turns red but if you did not execute any trade then that is just a paper loss. You have to expect everything here in the market and if you left unmonitored, you might also miss to cut losses and that's a big problem on most of the trader as well. We can still recover and you can still get back that money, just trade wisely and monitor the market closely.

I understand that OP is just new to crypto but it was not an excuse that he just leave his trades confidently for that long. I mean, he should check it from time to time however, his situation makes the thing difficult and it results in big losses. Even it was just 10%, it still has a loss on his side and might affect his mindset.

It is to emphasize that FOCUS and TIME are very important in trading, this volatile market is very risky and changes will come at any moment causing us to lose without notifying us until such a time that we check and found it.  

Sometimes I see questions here that really surprises me and makes me feel like people don't know what they are doing here. Alright you lost money, sorry about that, but it's not like you were not going to lose. We all understand perfectly that such kinds of investments are high risk investments and anyone who is investing in them means that you're ready to take the high risks that are involved in it.

So, why would you be complaining and making it seem like Coinbase is a scam just because you lost money? If you know that you are going to be complaining when you lose and pointing fingers, then it's best that you just stay completely out and look for something else to do.

If you cannot trust exchanges then do not deposit any amount to those exchanges you use.

Pyramid schemes are easy to determine but what you are saying is very normal. You have to understand what volatility means.

You do not need to worry because it is just a correction and even if this correction happens for more than a month, the crypto market will recover.
You need to focus on recovering your health, so you can back to trade and recover your loss when you can get out of the hospital.
Hopefully, when you recover from your sick, the market can back to the high price and you can make a profit.
I suggest you not sell your coins and do not think much about the market because your health is more important than the market.
You can recover your loss later, but how can you recover the loss if you lose your health?

Be thankful that you didn't set the stop lose because you still have a chance to regain your lost mate. Unlike those who panic selling during the hard fall.  especially on this dip wherein market has possibility to climb up again like what always happen ? No need to worry mate and perhaps it's now starting now to regain strength as well that's why some crypto currency is gradually showing green percentage in the market.  Just be patient instead.

Yeah, it is a need to keep calm and keep on the motivation. Don't let your emotions lead you anywhere but have to make everything is on your control and still have a positive outlook. 10% losses are big already, nobody wants it but sometimes, as we are in trading, you can never avoid that thing.
If you have a passion for trading and enough knowledge about this, you can easily recover those amounts, only it needs time for that. Don't rush and stick to the plan.

In an uptrend market its very important that you have to take profit never assume that it will go up everyday without stopping thats not normal if this happens, always expect for a correction because this is the time smart traders are entering and weak hands are selling on panic.

Assuming...what if you're ht from the start with a 40% drop in the first month?

I'm genuinely amazed by the number of people saying to the OP, don't worry you will make this amount back. Seriously? Wow, we have just invested the perfect money machine, trading, you lose don't worry, you will make twice in profits! I would have understood if it were about simply holding Bitcoin, yeah, even if you bought at probably the worse moment you still have hope, and not just a tiny bit it will go up and recoup losses. But from trading? If everyone would make profits after profits bear bull market, where the hell would that money come from?

Anyhow, I hope OP is better now, he said he was coming out of the hospital, he was really pissed off and he hasn't logged in since then...

coinbase was big even before and they can afford comercials even without your coins but they should return your coins because it wont be a big loss to them if they return it and they are risking their reputation for small coins of their costumers .
 3 weeks is long but you could have bought your smartphone with you or laptop and i think hospital can allow it if you confess that you have an online business but your going to be fine with that small loss .

price manipulation and theft of portfolio value are totally unacceptable. this is indeed very stealing if it really happened. because as far as we know Robinhood hasn't done this much manipulation... we need strong references to prove the amount of data related to it all.
Doge has started to be priced in and we don't know what to do if things like this happen on multiple exchanges. will the SEC step in?

And the dump price deeply, don't be surprised, you should already know that this is the nature of crypto currency,
for the world of crypto currency, of course, a 50% dump is still very reasonable, but if the dump occurs to 100% it must be followed up,
of course chart analysis determines support and resistance, and fundamental analysis before buying an altcoin

What happen is already happen many times and it always going back up and up when the times is comes. Something growing up fast need the place to rest and now re testing that rest place which around $30k-$40k. Dont you remember where we are last year ? Yes.. we are creating very strong support at $10k. It means the " today " price is 3 times higher then last year.

Holders faced 40% loss on their bitcoin assets because the price fell that much in very short time period, coinbase or any exchange the service for their customers are not at its best and binance can be the only exchange with much better compared to other but still none of them care for them.

That's a lesson learned for you mate that you should put a stop loss next time but I'm sure that you didn't mean to leave your holdings but you just got left with no choice. You still have a chance to recover from your losses. Just keep on holding because volatility is the cryptocurrency's characteristic. Anything could happen so fast and we should always be ready about it.

Everyone could've wished that it just went up a more faster. :D
It was kind of blink of an eye increase for me actually, because back then the dream was to breach 20k only like the new ATH I expected was just 30k-ish, and holy crap it went farther than that. I am pretty sure there are others that had the same reaction as me.

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Loved that TWD reference, btw.

Losing $1000 already make you mad already? It's still very low amount compared those who have their portfolio atleast above $1million, their investment could be already down 50% right now but they just fine about it. You can use this opportunity to buy more and more coins with cheaper price when market on dip or crash

it is true that there may be someone who can experience something by responding calmly, but there are those who cannot and feel lost once and of course it may be natural. You should know that going into the crypto world will always happen extraordinary things, and that should be invested long ago, so you don't need to be surprised if you experience losses because you will also experience profits, so it will always happen.

I agree with @janggernaut's colleague that maybe those who suffered losses greater than $ 1K even must have been a lot, because the correction was too fast and beyond prediction. but they can and are willing to accept that reality knowing that in crypto things like this will often happen and must keep going in order to make a profit from what they lost.
You don't have to give up on doing anything in crypto and you have to be sure that there is always an opportunity to earn more.

You should rather feel lucky that you are only 10% down mate in this crypto market  :D because some other inexperienced or say new traders like you are down 70-80% of their initial investment.This market underwent some drastic changes in these few weeks as we have seen shitcoins being pumped high and other potential alts in red line.Most of the market crashed and billion dollars was just lost from total market cap.So just say I am lucky that only 10% down otherwise you would have gone to hospital again seeing the trade charts.

be patient, I understand your current situation is very chaotic, and sad, unfortunately it's not only like this, I also feel it,
the crypto market must always be monitored, otherwise we will miss the pump and dump moment, yes it hurts,
I'm also sick when that and didn't see the market, after a few days I started again, and saw, the dump price was more than -80%!,
of course I was shocked and felt dizzy

That's crypto trading for you and that's why I always advice people that can't manage or maintain their portfolios very well not to dice into trading. You have make the mistake and I hope you won't make the same mistake again.

I am one of those people that trust coinbase before but I don't trust them anymore due to their inadequate customer support cause a reputable exchange ought to have solid customer support which are ready to respond to every claim.

Thousand dollars is still a lot of money, didn't you think of that? You are basically invalidating OP's loss by comparing OP to people with a million dollar portfolio as if everyone has a million dollar portfolio.

Never heard of the Phase thing in my life either,,, but I guess if you hear trader talk in another language then none of it makes sense:)

So at least you know now stop losses and take profits can help but do not always work. I would say though that 10% loss is a very good scenario because we all know it could become much worse!

it seems that your advice must be listened to and everyone will know that, we can't avoid at this time that everything is in a slump or you could say the market is all red.
waiting is the best way, there is no need to worry that everything will be able to return to its origin, because crypto never goes down and it can certainly go up and reach renewable ATH. need patience needed for now hopefully next week there will be good news other than news from elsavador maybe will add another good news so crypto can bounce back.

If you lost 10% of your crypto assets while your not online, that's because the value of your assets dropped. I think you don't need to worry, you just need to wait for the market to recover. That's how crypto market works (up and down), you don't need to be surprise at all.

Losing 10% of you portfolio during being your hospital admitted as patient time period 3 weeks? Market does not doing well recently after btc coming back to bellow 40k. So in this unstable market situation 10% of sudden dump is really very normal to me.

But yeah if you don't want to see such loses then better to use always stop loss feature.

It's just a slight loss of 10% of the portfolio maybe now the OP can change it because it's been a long time.
Bitcoin is currently going up and down it must be taken advantage of because I see this opportunity continues to repeatedly form the same pattern is it possible that it will continue to hold like and not pass $40k?
The current dump is quite normal but this pattern still doesn't last and it will be difficult to get past with high levels.