Bitcoin Forum

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

If you don’t have the stomach for trading or even watching the fluctuations in the prices, I recommend one of two choices:

1) Find a few cryptocurrencies that you think have potential. Buy and just hold long term for maybe a couple of years and you may recover your losses and make a profit. I recommend that you buy top coins like Bitcoin, Etherium, and a couple of others in the top 10 of market cap.

Or

2) Just accept your losses and move on.

Look like this is first times you bought crypto, if you bought popular crypto and now the price drop 50% you have to wait extra patient for bullish trend because will be any times for that. And now Bitcoin and other crypto look just started to bull run so get it and hold it in a few month to recover loss and if you dont buy back again you will forever in loss.

50% is relatively small compared to others - you bought good coins, you do not need to sell them, after some time prices return to peaks and are likely to exceed. I myself in such cases say that I lost money, but I gained experience.

I think that you were one of those people who panicked because of the downfall of prices. If you want to recover your loss then invest again but i hope that you do learn from this experience.

Year-on-year. Just think about that for now. You're probably fortunate you bought in at the time you did instead of a couple of weeks or so earlier. Everything is about perspective, and the perspective for Bitcoin is time. You've seen it for yourself now, haven't you? You sold barely three months after buying it. Look around you, in this relatively short time frame, Bitcoin has been good to people willing to have patience, while those who couldn't wait have been stung repeatedly.

aardvark puts out a really good point too. You've got to have the stomach for trading. Bitcoin markets are scary as hell to watch.

Well you have to experienced it sooner or later,so it's good that already happened.Now you got the understanding that crypto business is full of risk and you can't play it short term.You have to start over and don't make the same mistake again,start invest now and wait for the price to reach new ATH.Just hold and wait and don't you ever cutloss.

It is a dilemma with the new Bitcoin adopters. People just threw their money in it when it was at it's peak in December and then January but when the price came down; they didn't look at the past and sell. History is very important to know for Bitcoin investors. Its price fluctuate faster than anything, you will never know where exactly will the price go. All you have to do is to wait for your time, if you have the guts to bear pressure. If you want to cover your losses you still have time to return to the game and if not, then just stay outside.

Nobody said this would be easy. After all, people who invested in crypto in December 2017 must have known that there are a huge risk to end up with nothing. Regardless, they invested their savings and funds borrowed from banks. God is their judge.

You suffered initially from FOMO (fear of missing out) and bought too high
And then suffered from FUD (fear, uncertainty and diubt) and sold too low.

I would also recommend if you have the stomach for it to get in again with
coins in the top 10 of coin market cap and look to the long term.

If you cant trade, dont

rule number 1 : never invest the money you can't afford to lose in cryptocurrency.
rule number 2 : it is a jungle out there you need to be very careful.
rule number 3 : trading with out putting stop loss is like jumping without parachute

well the good thing is that at least you have learned something , and let's hope you use these informations for future .

That's is the common problem when you're so greedy and so hasty to earn more with it. And now your lack of idea how to ride back again, so leason learned pal and always bear in mind that selling while you have loses is not a good idea . And you must put some patience on it if you want to gain profits instead of losing money from it.

Firstly you entered at a wrong time this market but anyway we can't guess which is a right time and which is a bad time. But if you don't sell then you don't make a loss because current losses may be a temporary one and once markets recover then your losses also recover back.

Since your a new to crypto investments so your not used to this high volatility market and sold in a panic. This has a good learning for now. I think still you may get a chance to enter the market again at a lower than your sold prices. Next time don't buy all at once instead spread your buy orders.

There is no point in asking what to do now because what you should have been doing is already gone! I mean the hold stuff I am talking about which every experienced person here will tell you in the first place and you can see the result in front of you. If you would have stayed calm and took the decisions patiently at that time then you could have easily grabbed 50%++ in net profits and would have been enjoying your different story telling everyone how you made more money from crypto.

Now you can just keep whatever you have as it is and hope for the best that the prices will spike towards an ATH rate like last year. That will bring you to the break even I guess.

My advice. before you sell bitcoin, you should look at bitcoin prices a few years ago. because bitcoin always experienced a price correction after the increase. the mistake you are making right now is to sell when bitcoin is still experiencing a price correction. and for now, all you can do is hold and be patient. Never panic when prices start to decline. Do not be too affected by the bad news that is in circulation. Because it will only trigger your panic to sell in low price. Believe me, that bitcoin price will rise again.

Trading is best for long term.If you don't have patience.Just get out from trading.If you have a patience,I have one idea for you.Just inverse in some of the potential crypto currency.Some of the trusted crypto currency are Bitcoin,Litecoin,Ethereum.
You have to check bitcoin price only once or twice in a day.Then you won't get tensed by the small fluctuation.

I think that’s one of the worst scenario that an investors have experienced and that’s a bad decision making strategy.. The execution in buying at higher price and selling on a lower price is the opposite of all what a good investors does..

It’s done and we can’t change it,, but you have to learnt something out of it.. And acceptance of mistakes is good start to studying the market again from top to bottom..

Remember this: You might have loss money at this process,, but you have the chance to profit big to replace it.. From now on,, do the right thing.. HODL till the end..

its called experience
its okay i even loss more than 80%
that on nxt , i lost more than 0,4 btc at that time
but its okay lets move on then forget it

best thing after that i just looking for good ico then found 1
i got recover from that
maybe u should do the same
look for some good ico

For those who have been trading for a long time, this is a classic situation and everyone gets into it from time to time. You can start buying again a little bit, but don't sell until you grow up.

Ouch. I personally cannot sell at more than 50% paper loss. I know it is is unlikely to go all the way down to zero so I just hang on. Your emotions and fear definitely got the best of you.

You are one classic example of a investor who really thinks that selling is the best option in a crisis. You have to understand that you are not losing any if you are not selling obviously, and believe me, you are not the one here who have lost massively during the crash but we stay because selling is not at option as this stage. Sadly though for you, the market has bounce back a little. Maybe the best thing to do right now is just put investment in portions and see how it goes for you. Really a hard and very expensive lessons to learn, but hey everybody makes one stupid mistakes but its how to stand up and move forward.

I feel sorry for your losses and you can only blame your indecisiveness here. There's a golden rule in crypto trading which says 'HODL' till you die. At least if you abided by that rule till today, you wouldn't be at that big of a loss and instead would be cutting at around 15-20% instead. For the record, next time onwards, make sure to follow the golden rule and journey yourself to the profit shore.

you have to change your perspective for entering in the cryptocurrency that you need to view your crypto assets without a value if you are preferring to hold for a longer term, what I mean is to build your confidence into a certain coin as you are convinced that no matter happens, your holdings will always survive who has the potential to grow as the time passes by, find that assurance on that coin then prohibit yourself to look on the CMC or any other platforms that displays the price regularly.

Consider that you suffered no loss at all until you sold at a loss. You are going to feel even worse if we top $30k later this year. If you really must "invest" in bitcoin rather than use it as intended, then never bet more than you can lose and never take less than what you paid.

All mistakes are made by you, and you decide to sell them before the market is over because you fear it will continue to fall. It is the psychology of all new investors when it comes down, and I advise you not to sell the Altcoin you own until you get a profit from it.

Well if you've sold everything already, then it's a bitter lesson that you have to swallow. That's why the only time you really are at a loss is when you sell at a loss. You remove all chances of recovering. If you still have it for crypto, then you can use that lesson for your future trades

So you yourself went and sell everything out of the fear, that was mistake number one and after the market was recovering you did not rebuy your coins was the mistake number second mate. You could have been keen at what you are doing and not emotional type of weak hand who sold everything out of the frustration. We all were at the same stage as you are and why do you think that we did not sell or why do you think we keep replying to people that dont get panic when BTC or market dropping just hold your coins? Just to avoid the scenario that you have created here.
You can do only one thing now, just wait for the market to come down or invest at this stage only and expect that market will boost soon. I am with the second option though as it doesn't seem to me market is gonna be down.

I wouldnt look at your peak as a gauge of how much you've lost, instead you should look at what price you bought in at before you sold.  Furthermore, holding is the only way to ensure that you dont lose money because as long as you dont sell permanently set any losses.  If i were you, i would just hold what i have as of now and try to use the money you got from selling to buy back in at a lower price.

The trick in investing crypto is that you don't sell at a loss, especially with bitcoins. On some other relatively unknown coins, I tend to not meddle with them especially if there isn't a wide market wanting to hype the hell out of the coin to gain some massive boosts. If you only hold bitcoins, that's good. 40% losses are nothing if you compare it with the rewards available if you go long, but this is something only the most patient guys would do. You can look at the charts from previous bull runs and you'll see that price stagnation often leads to crazy gains that no one ever thought would be achievable.

go find something else to do with your time. your mind clearly isn't strong enough for this.

for bitcoin and a few other coins you would've had to wait several years to break even if you'd gotten in during their peak in 2013. the rewards eventually returned but you certainly had to work for it.

what i don't understand is why you didn't consider this a possibility when you got in. the crypto markets are littered with huge drops followed by epic rises. it's just another day at the office and you should be sitting back and letting it ride.

You should regroup and change your strategy that is all. Probably you are quite new to trading, and usually when coins pump extremely hard like what happened back in December of 2017, you should have expected the price to go down pretty low as well. If the up swing is hard then expect a down swing as hard. But it is not the usual case, there are times that the upswing is pretty high and the down swing doesn't go below half. You really have to do you analysis on the events happening with crypto.

Have you ever heard the saying, if you can't handle the heat, get out of the kitchen? Well that's exactly what you need to do.

If you had invested so much into crypto, that you had to worry about losing all your money when it dips, then you had invested too much. Surely getting into this you knew that cryptocurrencies were highly volatile? So why were you surprised when they dropped 40% over the period of a month, when this has happened literally dozens of times before? If you're going to hold, at least hold for a year dude, you folded after just 3 months.

Panic selling always end with people's for taken such a decision and i wandered most time why will people shows or  take such a decision. Is out of ignorant? Or greed so that they will not lose much of their capital which they use to invest in Bitcoin and altcoins. As i usually advise that what ever goes up must come down one day and what ever is down today sooner or later will go up one day but so  many people will not listen.

Theres nothing you can do since the damage had been done already unless if you did able to buyback on cheaper coins on where the market is still on the dump side.If not then you would really end up regretting and realizing that you shouldnt able to sell out those coins and you might able to break even or getting some percentage profits when price recovery happens.Dont be stressed out since most newbies on trading or investing to crypto will definitely pass this experience and atleast you do already learn on how market behaves.

And then, why did you sell? It was the worst thing that you can do to be honest.

So.. that was the lesson,you sold at a loss, and then it went back again to the top, now you see? The same cycle is always repeating by itself.

A lot of people enter at the wrong time, many people think that when Jan the price will keep on going up and people still bought it, so when the correction time come, all of them suffered a big lost, in trading you need to be able to analyse the situation, you need to have an exit strategy, my suggestion for now is to learn, you already got this  experience then you need to learn better so next time you know how to handle  the situation, all traders ever experienced lost so don't be too frustrated, now the market slowly healed up, it could be the time for you to try a new trade

You have to buy when others don't want it.. its just the way accumulation works.  It's like those people who buy up a ton of popular toys in October or preorder at 25 different stores and then unload them all at premium prices at Christmas.  Buying entries are really the only thing you can control because once you hit that buy button, you're at the mercy of how others react to the price. I think ultimately you will make money and lots of it, so don't worry about being 40% underwater, but the next time the market goes parabolic, you know what to do.  It should be pretty obvious that rich people avoid fomo and fear.. and if you're afraid of buying more in a bear market because you're too far down already or if you're too scared to sell because "it might be 10,000 dollars one day", you're catering to what the whales want you to do,  If most people are buying, then its time to sell.. if most people are selling that is when you buy.. sure with TA you can min/max better than that but this single-handedly is where new people screw up.   But it's okay and it's better for it to happen now while you are still learning when your positions are smaller... than to earn a few thousand dollars doing and learning the wrong things that will end up costing you hundreds of thousands later on.

The answer is: take the lesson and learn from it. In crypto it is quite frequent to lose up to 90% of the value of your portfolio, but then, you really lose only if you sell. This is why people are preaching the virtues of HODLING. If you are in doubt on what to do, in crypto, just hold your coins until they are up again.

40% loss is not a small one its really a big loss and I think should be taking some break from the trading market so that you get recovered from the loss both physically & mentally.But I think the major reason behind your loss is that you didn't plan your trades well and you didn't use a right & major stop loss to your trades in order to protect your capital and because of all that the loss has incurred.Now there is no point in seeing the coins recovering from the bottom again after making a loss and I request you to better not to track anything and take some break from trading as there and then come again with proper practice and planning.

There are instances on where how hard we do make plans we do still able to experience this kind of negatives due to very unpredictable market on where prices can go into opposite directions towards on what we order.40% deduction or loss in our entire portfolio is not joke on where you would really panic specially if you did put up your all funds into investing.In this case you should hold on because when the market is starting to recover we would see recovery or deduction of our negative as well.

Not sure what shitcoins you invest in, but if your portfolio frequently loses like 90% of its value, you are doing something horribly wrong, and don't actually learn from it since it's happened more to than once. :D

The only thing that makes sense is that you only lose when you sell, but that's not something people think about because of how fiat centric they are. In the same way, you only book profits when you sell. I have various cold wallets that throughout the years have gained on-paper value, but what's that value worth when you aren't doing anything with the coins in the forthcoming years? In other words, there is no difference if the coins are worth $100 or $20,000 like last year's peak. The only consistent aspect of your investment is the fact that you always have the same number of coins no matter what. It's an important mindset that will help you achieve your goal, but only a very few people have that mindset.

It's obvious OP suffered from FOMO and then FUD as a result of his lacking of sound trading knowledge and experience, so urging him to brace himself up for yet another bout, bodes him no good. What to recommend to him, is to do the needful, which is to learn first, so to be able to earn later and going forward.

Most experienced trader knew as at December that the market was highly overbought and a reversal was most likely, so they knew better to sell then or hedge their open positions than to buy. Also the market have been oversold in recent times, as such, selling your coins anymore can no longer be a wise decision, instead we keep buying some more. That's the kind of edge a trader comes into for having the right trading knowledge and experience.

You could have not sold out of fear of losing your value because bitcoin is going to recover very soon. I just believe that many people buy bitcoin at the wrong price and that is the reason why they are selling out of panic. To sell at this moment is taking business decisions and you should not sell at lose when the future is very bright.

This the problem with new traders they will not do proper research before investing and they will not ask suggestions from experts before taking panic decisions, after everything they will suffer like OP. I am sorry for your loss you bought coins at ATH no issue but you did panic sell that's the problem. Don't ever get panic when price suddenly drops I think you already understand how this market works am i right.

sorry mate but you already sold it and indeed there's no other ways to regain your losses on it , unless if you can afford to buy now 'cause the price seems to grow soon due to some positive news nowadays. Or wait for it to drop again before buying , and always bear in mind " must buy what amount you can afford to lose, " to avoid regrets at the end also you must control your emotions for the sake of your money.  By the way long term is the best choice mate when it comes to investment in different kind of crypto, except if you have enough knowledge how to ride the waves.

That's worst haha to think that you loss more than a half of you investments, seems you entered something you're not very familiar with and got panicked. Before you decide to trade you must first learn by using a demo account and read some people's experiences on trading that you might also encounter.

you need to do more research on investing in crypto because you made one of the most common mistakes that are warned for everywhere. you panicked and sold your stash because of that, while everyone who has an idea what they are doing already go their money out or are just waiting it out. because this crash has been said to come since december. you probably sold your coins to someone who was smart enough to sell high and buy back lower, this is the game and you need to learn what is going on if you want to recover some losses.

Here's what you have to do. Avoid all of the advice you see on here, see what your risk tolerance is AT THE MOMENT and then decide what is best for you. As there is really only two decisions right now, you have the decision to cut your losses and get whatever you can back (writing off the rest for tax purposes) or holding on and seeing if you can recover.

Do whatever you CAN DO, no one else can help in this decision as we don't know you.

Learn to diversify what you invest in.  Investing all into one thing is kind of a bad idea unless it's pure bitcoin, ethereum, or any other top coin, and even then still ill-advised.   On top of that, you need to learn to cope with losses and fluctuations in price.  Bitcoin will likely regain it's value eventually.  If you don't have the patience for that sort of thing, you need to change your trading strategy, or just stop altogether.  Just dump some money into a few different coins and forget about them for 6 months or a year or more.  Make sure they're projects you believe in, that actually have a future.  Just let it go.

Learn from it. It's said to only invest what you can lose because that helps take emotion out of the equation.

You will always end up more frustrated if you do not hold as long as you are not a trader. What on earth is wrong with you guys? Why did you come in to invest in the first place, the quick gains or the long term benefit ?

As long as you cannot trade the market and you are not sure of what you want to do as a trader, hold until you see the huge value in the long run. See it this way, we have the same high level of fluctuation early last year and bitcoin even traded below $1000, but here we are testing around $9000. If that alone cannot give you a clue of what the future holds, I really wonder what will.

You have to buy back soon before next bull run coming, and chooce coins that has massive potential and has big volume transaction. You have to learn more about technical analysis, because you just make mistake by sold the coins on oversold area. When price in oversold area that mean very possible the price will be going up.

Well the problem here is the reason why they entered the market in the first place. There's no one to blame but yourself dude. A lot of people made the same mistake and paid the same price. Its an investment. You don't get in because of hype because almost certainly you'll end up with a loss. It would take huge amount of patience to be able to wait to cover your losses

The OP panicking and trying to play a trader when he is even finding it hard to be a real investor will only end up flopping badly in the long run and end up letting emotion play the best part of him into the worse ones.

The reason we always clamor on holding is not because we want people to lose, but it is because panicking will not help them and trying to trade without having any trading skill or knowledge will not help them either. In the long term, the market always comes back better and that is all that matters.

I think you have learned a lesson that don't panic during downfalls in cyrpto world, don't worry many beginners do the same in their early stages because not all have ability to stay calm.
I will suggest you to learn about the market and observe it for around 2 months so you would be able to analyse the market.
The last downfall was the best time to buy but there is still potential in the market to rise more, so if you really want to earn big then buy now and leave it until the price reaches the new ATH.

A hard place into where you at right now. It will be harder to trust again and invest.
My opinion? Look for another option. One example is an ICO's. PundiX is at good start now. Every investor already gained x4 of their investment and I didnt even add up those bonuses they received from pre-ICO and also the monthly airdrop for those who have balances in their wallets.

Try to look for the service that you will prefer so that you can support it easily when it comes to the telegram chat.

Yeah, shit happens, he has made a huge mistake, but all hope is not lost. The only time anyone is losing is when they sell at loss and as long as they are holding, the market will always recover. My advice for the OP is to buy back and just hold on to what he has.

The market will not just grow in a single day and if he has money he should buy more at the dips to get the best when the market recovers. However, trying to get the best of the fluctuations without any knowledge of trading is a terrible thing to do and that would even lead anyone into more frustrations.

Crypto trading is more riskier than stock trading and much riskier if you are newbie in trading market volatility of price are very unpredictable huge move up and deep fall down i suggest to invest only in top 10 coins and just hold for long term  just be patience cause market may recover soon and that would make you more dis appointed seeing your coin slowly recovering but you have already sold all your position. it would serve as your learning experience to become a better trader someday.

Unlucky timing buddy, but the best thing you can do for yourself now is dust yourself off and learn from it. It will hardly help being angry or frustrated and it will be a long road back to gains but if you put in the time and effort, you should be able to make it back! :)

Perhaps your behavior suggests that you have too little experience for such investments. You can try again with the smaller volume. But I'm not sure that bitcoin has already started to grow steadily. It could still happen again.

I think what had happened to you is very valuable lesson, as well as a very costly one, when it come to investing, one of the basics of investing is buy low and sell high, and from what had happened you seemed to bought your coins during the bull trap, with this move, you need to learn and study further, i think you had ended up buying into the FOMOs, since a lot of said  on december that cryptocurrencies will be the thing that will replace gold and you have invested in coins merely in the hype of the market and forgot to read the charts and see the updates, what you can do with losses is, if you can still try to cost averege do it, so as to prevent further loss in the future or you could just simply cut loss, however for theor coins thst are below 10 sats but the project is still alive, i suggest to just hold and wait till what happens, then you can sell it at a higher pricer preferrsbly higher than your initial, or just even it out.

Well this is what emotion can do to your investment, if you really have no patience and enough knowledge about the market for sure you will experienced this thing. Move on bro, you already made a mistake by selling at a loss and you cannot turn it back better for you to start over again since this market will not stop making people rich in the long run.

If someone loses money then someones who became rich or do make some profits and that's how the cycle works into this trading world which as a wise trader or investor we should really stay always wise into price movements. Emotions can really be a big factor that can really affect our trading profitability and might even result to worst case which is losing money. Negative profits do really hurt but you should really resist the temptation on selling on loss.

The reason you see a lots of folks here creating thread and making boring comment aboult holding is because of situation like yours. If you give up at the turn of market, the regret might stay with you for a long time.

I would actually say, take the strongest market caps and believe on them. Make it simple for yourself and buy just some Bitcoins and hodl. The trading Thing I guess is almost like a lottery. You will never find the best bottom or high.

For such reason, it is often said that first go to the learning sites and learn completely about what you are going to do. We people are so hurry and always in haste. We really can’t wait and see the things coming to us gradually rather we have to jump and try to grasp everything in such short time. Such blunders comes in the market when an ignorant person start trading without basic knowledge.

This is obvious newbie’s mistake. First thing you need to do is find where your fault is. Know your problem, if you able to find your fault half of your problem is solve. Based on your story the problems you have encountered are you didn’t know when the correct timing for entry and exit of trading. I would suggest studying the TA tools most specially the Fibonacci retracement. These will greatly increase your chance of success in trading.

 You need to let this one go if you’re really want to recover your loss. A loss in trade is very common; but how you would react to those failures is different.

You have done big mistakes for which you have to pay the price. The first mistake you did is that you entered the market when it was at peak. You should have made you research and analysed the market condition before investing in it. Even if you didn't understand the market condition you should not have sold it for a loss where you did your second mistake. Never sell in a loss. You should have hold on to your coins.Never invest in a coin you don't believe in. We believed in BTC and that's we hold it and see the price is rising slowly.

have patience and research. don't get trapped in FOMO i missed the opportunity too but waiting and watching the market.

If you believe all that, you'll believe everything! Most advice you got here are off people's experiences and who else would you lend your eyes to, than the one, who has been there and done that. You need not just to research about the market, but to comprehensively learn how the market works, that's where you will find if cutting your loss can be said to be a desirable solution or yet another problem!

Cutting loss doesnt always signifies a mistake for a common trader it would rather be beneficial for you or a true disaster which means this would really be on case to case basis.If you do believe on the project then you should hold on and dont sell if you saw that this would be the best time to exit and getting out even on loss then you should really make such decision.

That is the main reason why most of the people lose money here because they get panic and sell their coins at a loss. Now the market is a little bit down I will recommend you to buy back those coins which are not yet recovered. And after that wait for those coins to recover and like this you will cover your loss.

Keep calm and wait, many of experts are saying that the market will go up soon, your funds hopefully will be restored.

Current markets are rebounding back and you can see that on the coinmarketcap market there is a very beautiful green. I think the market downturn is over and the current trend is cryptocurrency. Opportunities are coming i think investors should grasp during this time.

stop trading! an only invest the amount you are absolutely willing to lose. let it be a lesson for you, what did you learn from this experience? what would you have done differently? you most likely got into cryptocurrencies out of greed and exited out of fear, so you need different motivation and drive to invest. good luck and hopefully you'll recover your loss.

For people who are new in crypto world its hard seeing the price decreasing because they think it cant recover anymore so they chose to panic sell instead of waiting. Its a typical mistake of  weak investors, sometimes monitoring the prices often is not advisable especially if you know that you're not patient in your investment to gain.

Well it happened already so you have to move on and learn from your mistake that panic sell wont give you profit, you will only realize its not a good idea if the coins increased after you sell them and you experienced that already thus next time practice to be more patient unless you decided to quit investing.

The market will always dump no matter how good the technology is, so if you missed the train don’t worry there’s another one and don’t forget to ride. The opportunity in cryptomarket will never end, and you better to start studying now.

There is a good principle of risk diversification. Part of the money is in fiat and buy with a strong drop of crypto coins. Part in bitcoins or etherium - they will still grow in price. And the part in alt coins with high growth potential.

Patience is vertue thats the motto of almost all crypto trader specialy if you dont have a good skills in trading. That why you have to hold you coins for a long term and patiently wait for a good time to sell without lose unless you badly needed that money and you dont have a choice but to sell.

The only thing that makes sense is that you only lose when you sell, but that's not something people think about because of how fiat centric they are. In the same way, you only book profits when you sell.

He must have let his emotions play him along the line, or maybe he felt trading them and buying lower would pay him without realizing that the market is very volatile and it takes a lot of skills to be able to trade which is one thing most of them do not know and would still want to go ahead anyway. The best thing is just to buy back and hold while waiting for the huge profit. One thing never to do is to get greedy, sell into FOMO and buy back at the bottom but selling at bottom is way wrong.

This is very frustrating indeed because like you, I also invested my money at around January when the price of bitcoin is around $14k at that moment but I used it for trading. Now my money that I invested at that time is now gone but I don't feel any regret or anything right now because I can afford that money to lose.

The only thing you can do now is to move on since you have done a major mistake that makes your capital cut down into half. Just move on with it, invest again and take time to do some research. Maybe I suggest you need to buy long term coins and don't move it anywhere. Hold it for 1-2 years I think. If you are trader then you can trade some of your money so that you can gain some profit faster than holding.

That is why most people who are experienced in crypto advice not to be emotional. Crypto investment and trading is not for impatient people. The market will not fall forever, if you are impatient you will end up selling with loss, if you can wait for the market to recover, you can avoid losing and may even end up with profit.

That has been the problem of a whole bunch of them all along and the problem is they have the wrong notion about investing in this space which was the main reason why we had a lot of FOMO last year and one thing that I am sure they would not get to repeat again.

The worst part however is waiting all these while only to end up selling at the bottom ? Who really should be doing that except someone who is just pretty dumb enough to not know what exactly they are doing.

For anyone, who is not good at analysis market in detail, it is best to go for long term hold. If you want to do a short term trade, you got to have a good grip on the trend.

Well, good for you that you could afford to lose it but the thing as well is to always play it safe, because the fact that you could afford to lose it does not mean you could not have played your card intelligently.

However, moving on or starting all over again without repeating the same mistake is all that counts. Like they always say, it is only a big fool that will keep repeating the same thing and then keep expecting to see different result. Normally, I always tell people that when what you are doing is not working out fine, then, do the opposite.

I've also suffered so many losses but all I can do is try to be sincere and accept the reality and record what makes me lose so I try very hard not to repeat the mistake that ever happened.

i think you are psychological crisis, i suggest to keep calm and cool in face of market. we can see the current price is back up and i think will continue to rise, although in that run are fluctuating

I will say that this will not be a lose for all of those who stay within the community of bitcoin and do not sell their coins when the price of it reduced. As the price is now recovering and anyone who sold their coins only faced the lose and now cannot recover their lose without any struggle while those who just kept their money in bitcoin are happy and as they seeing their money recovering.

I like it when people actually get what they deserved rather than try to sugar coat the words for them ;D; they really need to know what they are not just doing right. The problem with so many people is that they are looking for the quick and short term gains.

They have heard so much about bitcoin making a lot of people rich and they have forgotten how long some of these people have been investing and within those periods how it has been for them to still keep holding. Apparently, they always find it hard to get that into their thick skull.

I thought you were trapped by the sharks. Pumps will not be available in 2018 because sharks will not be easy for traders to anticipate.
I think you should sell all your coins at the present time and speculate on other altcoins. It will help you get back your lost money for a year, provided you have a great relationship and guidance from speculative experts.

Then my friend, crypto is not for you. You should teach yourself not to be FOMO'd  by the hypes and be greedy when everything is going down.

This is where most people do commit mistake which their hopes and understanding about bitcoin and crypto do really works on that way without even knowing too much on how it actually works.Sooner they would able to find out that they do believe the wrong thing but its already too late because it do cost money.We cant do anything about it but to move on and regretting is already too late.The important thing on here is that we should take it as a lesson learn for us.

Trading could be a very difficult and stressful job, it is quite unpredictable and will always keep you on your toughs at all time, so it take a patience and cold nerves or else you will be making mistakes such as this, the trading has been really difficult at the first quarter of this year as prices were all going down due to regulation and other crypto related new that affected the price which made making profit from it really hard, the only thing that you could do in that situation is just wait and stick to your decision, selling all your coins to cut your losses isn't a very good idea because cryptos are always bound to rise up again it might take them a month or a year to go back up again but eventually they will do, so holding and waiting would be better than going out at a loss.

I think the main reason for this failure is that you have no commercial plan, you can see that bitcoin prices in the past few days are constantly changing so hard to guess, so you have to Public trade is absolutely difficult. When planning a transaction you always need a stoploss point to be able to zoning and minimize the risk, the price of that lucf is cutloss.

I do not even know why someone would want to be selling when the idea they had initially was to enjoy the long term benefit of the market they are holding on to and that is really baffling considering how some just do not always get it. If you are not trading on the short term, no one really should have any business selling out of panic because obviously, they would not even know when to even buy back and the market sure waits for no one unless they just end up getting lucky but this is not gambling, this is investment.

Stop-loss must be the only thing which would have prevented those massive losses. But for bitcoin trading, I guess we do not need to go for cutting the losses early unless otherwise we are not ready to hold for some more time. Because bitcoin prices are always known for bouncing back from any kind of downfall.

I know you feel about that because I have felt the same way like you before. We know how it feels of being greedy to our holdings until it comes down to Earth. Yep I definitely know that, but I never realized that there is a good side when it comes to the bearish cycle. If we do not buy during the dip, we would kind of regret later on when the price spikes high as we imagined. Like the upcoming Consensus 2018 in just days from now, expect the price would spike a lot on top of the SEC if they do not classify Ethereum as a security.

That is why proper timing on when to sell and nuy is important. I assume you are newbie in trading specifically in crypto trading where in price movement is unpredictable and hlvery volatile. to be a good trader you need first to  experience failure as ehat happen to you as this be a good teacher not to commit same mistake again in the future. i suggest to buy only good quality coin such as btc, eth, ada xem neo and other high potential coin and don't concentrate in day trade goal set just for ling term first until you familiarized your coin price movement.

Yes, without analyzation on the markets movement we are not able to determine where is good to buy and sell our coins. In this case, everyone experience mistake and difficulties but somehow they already learned the technology .Its hard to recovered losses so for us to be secured choose a potential coin where it has a good return of profit.

I think that trading risk because it can not control the patience and because it is easily influenced by the waffle and market conditions that exist, should if you are good and true trading you should be able to see and analyze the news cryptocurrency and graphics are there to be able to get a lot of profits.

I think if you do not have experience in trading, it's better to buy a coin that does have good potential in the future you can hold it for the long term.
or if you have the courage you buy back the asset and hold it back to the capital or make a profit.
the last choice to let go, and learn from mistakes, experience is the best way to grow.

Today was a bad day for me, I lost a lot of money today, I forgot to place a sell order, now the market is going down so much so I decided to keep them always.

This is what will happen if you dont have patience in crypto trading because you will sell your coins in a lower price. In crypto currency trading patience is the number you need to rules

Those coins that you had mentioned is not only good for long term but you can also utilize to make money out of it on short term basis but though you would really need have the skills on doing trading.Mistakes are indeed the great teacher because these things will tell us on which thing should be avoided next.Even though we cant perfectly evade it but those things will be helpful all along and as you gain experience you find out these loss are just normal on doing this kind of investment.

Sad story, but that is the life of a crypto trader. It is best to follow the whales and not the prices. Buy now i.e. now at the low end of the market, then sell high at the height of the bull run. Giving up now will make you regret it for the rest of your life, keep going and don't give up

just calm down and take a vacation for some days without doing anything regarding crypto because when your emotions mix with your trading decisions you usually end up losing more and more.

Every skilled investor was in a similar situation and me too of course. You made a mistake. I consider that it is a payment for learning and experience and it is not a joke I also pay often for my own mistakes after that I feel myself broken. The better way in this situation is to get out away from market and have a break.

I think you should study the market more closely mate. What you just did is a classic example of panic selling. If you see that the market is falling down, and it would seem endless or without any light at the end of the tunnel kind of situation, keep your patience. If you would sell while the market is down, you should think and see that it would not give you anything, and it would surely amount to no good. Therefore, you should first try to hold off other coins that you still have with you and patiently wait until such it you can really trade or get rid of it for profit.

Yeah this kind of thing is always been part of a trader not only on crypto but also on stocks and forex traders too.Situations like this cant really be avoided no matter how good you are on doing trading loses will be there specially the market is dumping.You cant do nothing but to wait up and think on other back up plans instead of panicking better to accumulate even more since you do have trust with crypto investment then its your choice if you can still able to handle such risk.

Indeed, the situations might not be over yet we'll have to face the greatest dip afterall.There were scenario that will put you in the test as a trader, but for me its good to have so you become more responsible on your assets of not letting go with it easily. This is the time on how your patience and self control will be measured evenly, and I am confident that if you're strong enough to handle situations like this no wonder you'll be enjoying huge profit in the future.

In statement that how to know before the dump, the way you can do to know is check the market or the law of the demand in this business, because if you know the basic concept about the law of the demand, you will understand what will happen before the dump.

I think anyone that entered a position in that 15dec to 31january period is underwater right now.


Mehdi

Ouch! That is really sucks because having a loss over fourty perscent is really awful moment as a investors but we should stay positive and determined
because it will not always happen, in future income will prevail.

That loss is so much ,if I were in your shoes I will prefer not to sell at such a big loss I will hold it for a while because with time the market will surely recover and everyone will be happy

The first thing any investor trading any asset needs to learn is how to disconnect emotionally from Investment loses/gains. I’ve read dozens of books on trading and investing and there is 1 common theme. Emotions cost money. In addition to the fact that it’s not healthy for you. Depending on what coins you are working with it may be best for you to simply hold instead of missing upticks all the time and getting upset about it. If you believe in Crypto like many of us do, your long terms holds may certainly make up for any loss as long as the industry continues to grow. Go long on some of the bigger cap coins and tokens and trade on a small scale to keep in the game and to continue learning. No one is going to say to you, “Buy 3 eth tomorrow at 10am and sell it all the following day at 7pm.” Unless it’s a some trading signals service you paid for and they don’t always get it right either. Day trading is not for everyone so the safer bet would be to do heavy research into many of the smaller cap tokens and see which sound like they have a sound business model and go long with it. Projects that have excellent business models are out to make money through useful products or services so by going long, when that company is making money so will you. Try betting on the businesses success instead of day trading w/ technical analysis. I’m not saying get out of the day trading game completely but with my suggestion you will sleep better.

I think you was not well prepared from crypto market, i recommend you to do some proper research before entering into the market, Never ever allow your emotions to drag you to make decision like these, i recommend you to buy some now and recover your loss .

There have been countless lessons on Bitcoin talk on controlling your emotions when investing in Crypto. I have shared my experience too somewhere how I hurriedly sold out a particular coin at exact price I bought and after a week the price doubled. Sometimes all we need is to hodl a few minutes longer.

If you say that you sold most of your crypto currency reserves with a big loss, then you now have nothing to do. You can buy crypto currency again and keep it at least 1-2 years.

Frankly said im one of those persons who do purchase some alts into those periods and im really on underwater yet most of them didnt able to recover up on such percentage but somehow i do control myself and make other ways to atleast almost break even it. Just doing short tradings and make or enter positions lower to close up the gap on such loss. It would takes time and do really need patience and skill for it to be done but if you arent ready to lose up more then its much better to hold because active trades would always been riskier.



Not everyone would be happy because the market doesnt work on that way on where if theres a high price increase anyone would be happy but on the other side there are investors or traders who do lose up money too.

I things so bad, and now everything is not going to be stable again. I invested in Altcoin several days ago at a time when the market went up. But I made the wrong decision, and I lost 60% of my capital, everything was like black.

This exactly what makes the price of bitcoin. Your fear. Your happiness. Your emotions. These can either make the market high or low. Your emotion affects other peope's decision. And we have to control it to keep the market going. Though it would also help if the market is low as an opportunity to buy lower price of bitcoin.

A lot of people have been losing a lot of money during the last few months, and this is nothing new, everything is less than 40% of what it used to be on December - beggining of January, and we all suffered those losses.

The cryptocurrency market is so unpredictable that when investing in any of these coins you need to plan for the worst case scenario, which is my investment experience in the past two years in this market. It is important to preserve capital so that you can continue investing when the market recovers.

The problem is a lot of people invested without with poor advice of pumpers, youtubers with self interests.


You sold while at loss as many others have done.   Your decision may be correct as the market is still in a downtrend.


What many new investors fail to realise is that 90% of crypos will undoubtedly go to 0, so no one can say for certainty if the coins you sold was a bad move imo

Well trading has its cycle,that's s long wait but others who keep holding more than that, got a handsome gains. Just buy and hold a good coin with greater community support and utilization. Together with active development and community, surely this coin will recover and bounce back once more adoptions is on place.

It is experience which you have acquired by paying quite much. There are two ways. The first one is to leave from market and forget about investing. The second one is to stay and try again. There is a nice advice for you that you need some time to get relaxed and forget about everything to begin from a clean sheet again.

Once you see the coin that you hold dump, I suggest better if you make some research what is the reason behind that and for sure you will see if they have possible pump again or not and you will be decided now to not lost more money. Because look because of selling coin you lost more of your capital.

You could still reclaim some of your money if you could devote some time to learn some trading skills. Apart from BTC most of the alts haven't done so well recently. You could choose some of these alts which are down by a significant percentage, buy them and sell them when they increase by your preferred percentage.

you  have to analyze the market trend before buying the coin. 40% loss is too much but I think holding your coin on that price is not good as well, I cant suggest to hold especially if you bought it at higher price. In contrast just in case you bought the coin in dip you can hold it even the coin reach 50% or more dip. it is also good to consider that whenever you buy a coin always save some money just in case the coin will dump again so you can buy more.

Having a loss is really a worst nightmare as a investors but for me it will be better if we used that experienced to become a better person by learning what is the mistake we did in having it.

There is an unbreakable rule in trading says that you should never involve your emotions in trading. Bitcoin price had crashed by 40% in three days. Now what? Just go and buy a second portion of the coin to make 40% plus.

You made the #1 mistake.  You got impatient and panic sold.  This is what the whales are trying to make you do.  Your emotions got to you.  Get into coins you believe in 100%.  Stick to your guns if things go wrong.  Possible dollar cost average.  NEVER sell at a huge loss in this game though.  You won't last long. 

You loss big money because dont use stop loss in trading, for situation of crypto market now there are sign already the market will be back to bull run, so its better hold untill you make some profit. Crypto price in long times already in the bottom and has big probability to push .And then after that, you have to change your risk management by use stop loss whenever you make trade.

In no case do not try to recapture the entire amount with one large investment that will cover all previous expenses. This is the wrong strategy.

based on your case, because of your carelessness. I see many people also lose their money due to market fluctuations, this proves that they lack an understanding of money management. as a trader, it should be able to make good trade management, but most people are afraid to lose their money and choose to hold back, rather than suffer a small loss. when market fluctuations experience a downward trend, they only realize the amount of money they lost.

Definitely not panic! We took this risk deliberately. And they had to be prepared for losses. Assess the situation soberly. Are there any chances for further growth? If everything is bad or you do not understand the issue, then take the rest of the money and look for ways to solve it.

Just invest only in solid altcoins and find a good entry price you need to be patience if you want to earn profit. many traders are struggling right now specially the newbie one even my portfolio is currently negative 68% but still i'm hopeful that i can recover and i'm confident that it would happen because i only invest in top 10 coins in coinmarketcap.

Actions should be stronger than your emotions, if you want to take another shot inside trading business you should control your emotions first, wrong actions should be considered as a learning steps you can buy top coins from the coinmarket review the movements of the team and monitor how well they manage to continue even in a struggled market,be patience and wait don't sell with another loses.

If you mean that you have lost 40% on the cryptocurrency exchange rate, then you just need to wait until this rate rises and Wake up in the black.

Your situation is kinda bad. Having losses and making wrong decisions that makes you lose even more and have nothing to do with it, that is trading. Being new here and don't have the appetite to survive those things would creep you out losses after losses after losses. I would suggest you to go HODL and chill, trading is really hard, hodling is just another way of saying "Investment".

What I advice is that, you need to accept what happened and move on. Things like this happens and you need to take it as a learning curve. You also need to identify the coins you believe in, invest and leave them for the long term until they give you profits

For now I'm still waiting for a miracle from God to be able to recover the price of bitcoin and other assets back at the best price, and I'm still waiting for that,

If we based on the current situation, you can actually bought the coins that you have just sold and get back in the game. Maybe selling it in the first place was already a bad idea but that 10%-20% gain that you felt frustrated about is nothing because it will tank again because there is not so much good news in the market.

Investors should be optimistic, and you wasn't. you panicked.
At the end of the day it was lesson learned, if you still believe
in crypto then go back, if you think that that loss is a wake-up
call to stop cryto then it is you choice, good luck

There is nothing you can do about it. Investment is such a thing, you can lose in an instant and instantly get rich. You can try not to lose another part of the money and try to distribute the rest of your portfolio.

In case of loss of 40% of funds on the crypto currency, the first thing to do is not to panic and not to withdraw the remaining money, since the rate of the crypto currency tends to both decrease and increase, it is possible that in the next six months or a year, these 40% can be returned.

Price trend may go beyond the price level if they are looking to make the money means it will be reach the peak value for sure in some months so perfect time you will be find the bitcoin price will be reach the marketplace value.
However the marketplace will be recovered in sometime.
Really plan yourself better to make your investment on cryptocurrencies buddy.

Here you need to understand what you do with investments or trade. Also you need understand how much you are ready to wait and  moment for you sell. This is the basis.

Failure is the sale can not continue to hold and give up, so can not blame the market has left you that you are the person who left the market. Incorrect decision will result in a great loss of money and property.

You don't have to do anything. You just have to wait. Now the cryptocurrency market has stabilized and significant growth is expected. Damages will be reimbursed.

A trader must not be sure emotional, but he has to be very active. The more activity you show, the better the profits that you get are. Even holding, you can stay active.

You should be happy you're not in a 70% loss like the people who bought in at $20k.

What do you think you this was? A get rich quick scheme? I bet you did.

Now you have realized that you can't just buy in and ditch crypto or you'll get wrecked, like just did. Only invest if you believe in it long term, or you can also get wecked short term.

If you don't have experience in crypto trading, or investing in crypto. it's better to first learn about crypto. the biggest mistake is buying when the pump price. and it's done by beginners. and when prices fall, they also sell at a loss. it is frustrating. if they learn about crypto, I don't think they will do that. and keeps prices stable at high prices. then what should be done now? learn about crypto.

I can see that you are not active in the forum for the last 5 months. Incurring loss is a part of the game and you need to understand that. Even some of my coins are down by 90%. But I am not complaining. I knew about the risks when I made the investment.

LOL therefore your emotions must be discarded because it can affect what you do, without paying attention to research first, emotions like frustration will only make you panic and any calculation will be in vain because you are more inclined to sell because of fear and panic. so the point is not to combine emotions with your calculations..

If you have lost quite a lot on cryptocurrency in a short time, most likely, you should change your strategy and come up with a new way of earning on cryptocurrency.

risk management is the key to trading you need to manage risk and use stop losses

if you want free signals and educational material join here https://discord.gg/Pscajr

At this point you will realize whats the meaning of PATIENCE,thatin this market we must trust our coin and will keep the faith even the value continues to drop,because volatility is the main factor why we are gaining from this

You have nothing to do since you have already sold your coins,maybe for this better you buy back the coins and this time you will-be ready to hold long term ,and will never consider selling when loss

Or buy another set of coins,for another chance of growing before the old set you use to buy

I think that nearly everyone is absolutely frustrated with the market dynamics because it is absolutely impossible to predict its future behavior.

Price fluctuations in crypto are normal  and before trading we have to learn how the market works and how to react
on such situations.  During bearish market there are huge dips and we have
to be careful which coins we are holding as it is very risky to hold shitcoins.

Analyze what was done wrong. Find a good crypto trader and give your money for trust management.

Buy some beers or vodka and talk to friends then cry so you could ease the feeling of frustration from that when you woke up tomorrow morning the pain may lessen lol

Seriously,forgot the losses and start over again,but this time you must have guts and balls to stay holding specially when time comes dip market covers the crypto community

You should have cut your losses when the price still isn't bad with Bitcoin and now many people suffer because of this down and would make a lot of people quit crypto.

It is very normal situation my brother. I've made this type of mistakes several times. I'm still upset about my past mistakes. We can't predict price that's why we need to accept it.

When something falls as much as %40 and you just watch it go down it kinda is a bit of your own fault as well. I mean I do not want to shame anybody here I have done the same things as well and the market is not making it easy however if you want to be down less than there is only two things you can do.

Get out in the right time if you can which is a hard thing to achieve or you can purchase more and more with more money you get, if you are not doing this as your livelihood that means you must have some sort of income, spend a bit of your income into buying more so that the amount of how much you are down can drop and you can get out quicker when it goes up a bit.

well they have lost a lot from the market that is currently experiencing a decline and of course this will make a lot of people who will get a loss with the decline in the market

In short, having entered the cryptographic market, we should take risks, and seeing that risk is the basic lesson for us, to see them as a springboard to continue to develop ourselves, because So I think we should not be discouraged when there is such a loss.

much people now being very frustrated with current condition in market.their asset value already decrease more than 80% and no sign it will recovered.

the worse the price, the more panicked and ultimately frustrated, so they sell assets at a low price. of course this makes prices fall further. Hopefully this time the price will continue to rise up to the end of this year

40% of lossing my funds in trading is so huge than I expect Maybe I will left trading and take my self to relax if that possible will happen.

The frustration always happens and we need to know how to make it a better thing. Let's learn from these failures to make a profit in the future. Investor Warren Buffett has failed many times to get his own investment philosophy. You also have failures to be better.

First of all, analyze why it happened, evaluate your strategy, what conclusions were wrong, consult a specialist for advice.

I never sell crypto when loss about 50% because I believe I can recover it only by patient waiting for next bull market. I just learn from this big loss,  and create some better trading strategy and risk management.  I know I was loss more than 50% because does not use stop loss, so now I only trade on the exchanges  that has feature of stop loss and always use it for all trade.

In my opinion this is a good opportunity for you to surf back and challenge yourself. If anyone sees that as an opportunity then surely that is no longer a chance. Learn to be patient and surfing when the market is down and gloomy. That is one way traders can survive in this market.The money of this world will change from impatient to patient. To be honest in any case is my advice!! Good luck!

Don't be affected by the current situation, waiting patiently, I am still optimistic that crypto will rise again next year. I believe there will be a big change for bitcoin and altcoin.

Yes, patience is the only weapon we can used against this bear market. Many of us have suffered losses and even thinking of quitting because of the this difficult times. But we should remain positive as this bear market can be over turn anytime. Patience + HODL is the key in bear market.

when you lose the capital you have when selling at a cheap price and because of the influence of panic, you should be able to improve your attitude towards your trade, when trading must be able to control your patience because if you are impatient you will easily panic and be very easy to lose.

yes, patience is very important in trading but must be supported with good experience and strategy so that we can control patience and the profit we will get. so we can reduce the losses we experience.

well, this is the reality of crypto beginners. without sufficient understanding of crypto. just following the party last year. and pursue fast profits and hope to get big profits. I think everything has happened, you or they have to go back to learning about crypto currencies and learn about price analysis, learn to make good buying prices. because buying a pump is a big mistake. be patient and learn. and if you still have coins, hold on.

For those people who just FOMO on last year price ATH bubble do definitely drowned themselves into a bigger negative rather or compared to those who had just sit in on this years 2018.
Loss is inevitable with crypto investment yet we know the volatility of each coins but somehow we can still foreseen that there wont really be always a bear market.

This story of selling out of panic that price of coins will continue to go down and recovers after selling is nothing new in the trading world and this is not exclusively in cryptos, this happens in the world of stock market as well. lesson there is use technical analysis. Yes we have to use those tools even if we dont like to but it will help use decide better than selling out of panic or frustration. I am not an expert in trading, but I have a lot of lost opportunities already that i can share to everyone who might need it.

Now the prices are going down once more. If you regret about your decision, then it may be a good idea to buyback at least some of the coins, before a market recovery takes them to an unaffordable level.

Cryptocurrency trading can provide benefits and can give you a loss because the prices are falling, so when you want to trade you must realize that this bitcoin also has risks and you should be able to control the patience you have to be able to make a profit.