Bitcoin Forum

I started my crypto journey with only 4500 dollars at the end of October. I made good altcoin choices and with the bull market my trex account had around 60k dollars.
Then the crash hit my precious coins, I was the queen than became a total bag holder. Still holding my 5 month old coins, I think I am at the disbelief episode.

Any suggestions how can I go all the way up?


edit: Here are the bags I am holding for the last 5 months (i still have faith in them). Some of you have asked what I got here u go!
Thanks for the nice and supportive comments btw
-ARDR (huge huge loss' this bag was huge - actually ardor is the main reason of my losses - but still one of my fav projects)
-SC & DGB (huge huge mistakes)
-PAY
-STRAT
-GAME

The ones that I regret from kucoin...
- FLIXX
- QSP
- KEY

 and made some silly trading mistakes to loose more... thats why I went a little further than their losses (not much though)

this is why you should know about technical analysis
because you will know when the price was overbought, so you can sell it and wait for the bottom to buy again
but, i think i can said you should hold your coins now, and wait for the next bull run my friend

you are totally right, actually that s why I am trying to learn technical analysis right now :) and you know what, I can see how stupid I was to hold them all the way. I was lazy and spoiled, I didnt care looking at anything, I only kept reading some twitter people and followed whatever they said, now I understand how wrong it was...

I held them for 5 months I think it wont be hard for me to hold a little more :)

good choice.
just bear it in your mind,you will not lose anything if you do not sell it.
which means if you can afford to hold it until we are breaking our trend,i believe everything will start to recover.
at least we should see that kind of movement whenever we're reaching another halving day aka 2020.
right now if you do not have anything to do,
learn Technical Analysis,it might be do not work completely but with it you can start your strategy and you will know and understand the risk.
management risk is important in cryptocurrency.
go here ;
https://www.tradingview.com
in there you can talk with other people and learn from their TA

And what exits can be, now it is necessary gradually to return everything at first on the upswing to get a little profit, to drop partially and to invest in cheaper coins and so in principle further and act. Or hold at least until the end of the year.

altcoins that you have come in plus or zero sell. Your main task is to increase the equivalent amount of bitcoins in the portfolio. The more bitcoins you will have the better coins, and when bitcoin starts to move up to at least 15,000 dollars you will have a very good portfolio in dollars

As i assume,60k was during btc ath.Made same mistake and didnt sell anything.Only option is to wait for the next btc bullrun and ath if happens:)2019 maybe

I got the same problem as op did but with a lower amount . I did hold a few alts that got pumped recently but now i did somehow regret because i did not be able to sell them.

It was hard to see that price seems impossible to pumped up again but i gues the best way to do for now is to hold and wait again for the best moment to sell.

I do also got an oppossite problem where i sell my coin for  a high price but after a few days the price of it got even higher and higher. Lesson learned just be patience and keep it lowkey in crypto .

Depends what are token you still hold until now. Anyway you still profited $500 from your current investment (your initial investment was $4500 and now it's at $5000).
No one predicted if bitcoin or altcoin will falling a lot after january 2018 when almost all coin/token reached their ATH

A smart choice would be to look up new or upcoming promising Masternodes. It doesn't cost much to run a masternode,you only need stable internet conection in order to be online all the time and that's pretty much it. It's a good way to earn stable passive income and if the price of the coin goes up you could be making really good money in no time. You don't lose anything and can sell all the coins whenever you feel like it or need money. If you find the right coin to invest in - its a win-win situation. Good luck !

I think you have a pretty big amount to invest. You should take some money to learn about market analysis skills. It will help you a lot in speculation or investment.
In addition, the books on investment are numerous. I think you should buy and read it. It will help you to have a better investment thinking.

I understand what you are going through, i am kinda in a similar spot but on a lower scale ( My ath worth was around 20k dollars). I think that the best thing you can do is to analyze your mistakes, learn to read the charts better and don't repeat the same mistakes when the next bull run comes. It's obviusly that the prices can't go up forever, so this is a normal cycle and you need to know when it's time to take some profits.

I don't expect to see Bull`s market earlier than 2019 because last big pump was recently (just 4 month ago).
We should pacify our greedness because 10 coins with x3 result is better than 1 coin with x15 result.

Hold if you can, but in my opinion if you will be trying to sell all of your portfolios at your own loss condition and then that will not let you to recover your amount again in the future.
look at the market and how it jumps back again just in some hours. The only possible thing to move in another coin but this involved a very high risk.

There are not many options.
1) Wait for rollback on each coin and leave at least a small +.
2)Wait until the last, if in the red, then there is no point to touch them, unless of course it was not the right money.

Same happened to me from 30k back to 7k we missed opportunity to sell in jaunary.I sold part of my portfolio i expect prices will go lower this is not end of sale and next bull run will not come soon.

I did this mistake too. A lot of people were expecting BTC to go higher than $20'000. But some whales decide that it was enough.
That's why you should sell when you get enough profits. You should not be too greedy. Don't listen to Mc Afee previsions.

I think you should have sold the coin when you made enough profit and noticed the gradual fall in the market price of you coin. In crypto, you should know when to sell and when to continue holding but the mistake has happened and you have learnt from it. It will be better if you just hold the rest until the price rises or sell if you think you cannot wait for the market to recover to avoid total loss.

i am sorry to tell you that this market is not for you and you are not a trader despite what you may think. you are a gambler. you bought some random coins (thinking they are good) and then by pure luck they were pumped and your profits increased. then since you do not understand how this market works you continued holding these coins instead of dumping them and your losses began.

my suggestion is that you stay away from this market unless you figure out how it works which is pure pump and dump and you should never hold any altcoin for longer than their pumping period lasts.

x13+ is very impressive, almost twice what my portfolio did.  

Without knowing what coins you have now, it is guess work for us but sounds like you are a gambler (judging by the return %age).  You chose winners (likely short term) so you did something right.  

Repeat your process (what you did) but this time, have an exit strategy...say withdraw 20% every time your portfolio increase by 100% (just a sample).  If you did this, you probably have more than $30,000 at the very least now.  

I also suffered big loss (not as much as you did) and regret not doing what I am telling you now...it is easier said than done because of GREED.  It is  a double edged sword and will give you smaller return if the growth trend continues but that is an unlikely scenario.  This method is a safe & good compromise IMHO that I plan on implementing this time around.

Good luck!

Be patient. There's a chance that we won't see another bull run like the one we experienced last year in a very long time, so chances of getting those 60k gains back in your account are very slim, at least in the short-term. I'd recommend you to either start accumulating more coins, buy the dip and increase your holdings, or just hold for the long-term and wait for the next rally. There's no point in selling your coins right now, and since you want to see your invesment go all the way up, there's no point in looking at the short-term profits, just hold your coins for the long run.

There is no clear way to 100k. There won't be any best advices or there won't be any guides. You should work hard to find underrated coins, buy at right time, sell at right time and.. REPEAT. Its all about this process + luck..

first
sad to hear that.
we know on early year,over about 300,000,000,000 gone based on coinmarketcap history
so , many many lose on holding altcoin
me too also.
i can't say anything how to way up,
me too on death time. ;D
but i just think,if this over
i am lose,and i hate lose  ;D ::)

as of now getting up from your downfall is very hard to do due to the market that is always on the floor it is hard to trade that coin also, if you do gambling, it is very risky so you better to hold it although it will really took more time but it is sure that you can recover from your downfall.

There is not much to do except hold patiently and wait. Market will make new highs by end of this year or next year. Just evaluate all your coins carefully and replace those without any  good fundamentals with new good ones.

We are on the right way to 100k, because we can not only go up into a market. This is not how it works, just take a look at some stock markets. They are also showing you this pattern. If we hit 100k one day, we will start to dip to 30k or 20k, and then all say that bitcoin is dead again! :D

Quite strange to see you going down from 60 to 5, the major popular coins went down about 3-4 times in fiat. Most probably you have chosen low-volume tokens. I am in the similar position right now but I would not suggest to try and time the market in order to increase your stash. Actually you still are in $500 profits - not something to be happy of after the bull market but at least you did not lose your initial investment.

i think with only that funds, you only have a few option to get out from the condition like this, first you should be patient of holding those coins, at least till you get as the same amount as you invest before, and the second is you find another free funds.

If you did not bought just crap coins you will in max 3 years have $60k again.  If you bought crap coins then I have no ideas. You had a reason to buy those coins. If those reasons are same. then you should not worry. If that is not the case you have problem.

You can like McAfee or not, but one of his propositions for long-term hodlers was great: buy, hold and don't look at them for 18 months. Otherwise you'll drive yourself crazy.

Just as quickly as you went down you can go up and you should know that because of your over 10x rise recently. Don't look at how old the coins are, but yet look at what they can do for you. If they seem useless then get out of them, but if they seem like they can provide future value then remain because next big bull run they should go up in price given solid fundamentals.

Holding the best altcoins people does not loose any profit at all. Please do not consider that altcoin value is being cheaper with the comparison of December to Now. These days we people are earning money and making profit out.

If you want to compare the altcoin value you need to wait for 1 or more and then you should do it mate. comparing now will not show you the proper outcome mate.

It is now up on you what you will do, cause you could trade those coins to other one or sell them or still believe that they will go up in future, make some movements and see if they will bring some profit.

Just wait for it mate .Many of the people are in the same position..that's the same case with me .I invested just before the bull run got increase many times but didn't sell now down again

The crypto market is basically a pump and dump. To successfully hold and sell your coins, you need to study the theory of pump-and-dump. Of course, the situation can change and it is useful to know the whole TA.

As you can see there is no particular project that has not been affected by this dump. as long as you have a stake in the space, you need to hold longer in you believe in the space, we here story of someone buying BITCOIN for $10 and the price went to $10k, do you know how many times the market dumped along the way to $10k

i am same situaton with you.
i lost my 90% money on this 5 month.
i took shit coins they make x20 and more, now all of them fell to %10 or 5% of his january value.
i cant sell them for hoping their pumps, i am holding. and i dont know to when i am holding

If you have already missed a good time to sell and wait 5 months, I think that you can wait another 1-2 months.

It should be call greedy. Its over 10x your investment and you still hold all of it. At least, you should sell some to take back your money 1st. The rest is your profit so you are willing to lose 100%.
The strategy that selling at peak and buying at dip is not for beginners, its not easy to see where is peak and where is dip. As my experience, when I got 20% profit, I sold all of my tokens and wait for it down to buyback, but unlucky for me, tomorrow, it went double. So if you hold it and gain 10x profit, you should take back your investment 1st. Then all the rest is your profit and you are willing to lose.

The question to ask yourself again is the one you asked at the beginning. Disregard the current price and ask are these altcoins still projects that you believe in? If so, then there is no reason to sell. You bought at a relative high, and are now at a relative low - but we all know that crypto is volatile, and with the next big rise the highs of last year could look very small indeed. You are only a bagholder if the projects lose their potential.

Why you didn't sell when you had $60,000 in total? you've got to be kidding me that you are expecting more and greed fed your mind.

You can counter your losses and start day trading otherwise, you have to hold further.

But how could he know whether  was the end of the bull run mate? Nobody knew :) I know some people who bought BTC at $17k. That's outrageous.

Stop being greedy and take out the profits, if you're not contented with the big gains you've got, you should know how volatility will strike your profit.

There are people who knew when to sell and start cashing out, that's outrageous when you got big profit and you're asking too much.  :-\

I would suggest finding some great new ICO if you want to start making money again before the next bullrun,

Coins I have found since the drop from Feb are Lympo - made 10x return in Eth,
Videocoin - did their Private sale but the coin is not releases yet, got for about 65c so we will see what happens with that i guess.

There are some very good ones coming out the next few months, Crypcocurve for example on the WAN blockchain looks great

Yeah I was greedy and I was a complete stupid. Thats why I deserved it :) I didnt have any idea about how a market works any technical analysis. All I knew was the twitter analysts writing nonsense tweets. Even though I am kind of a math freak and an engineer, I didnt even google anything about how a trading market works.
---- I dont want to blame anything else but I had this condition: While the bull market was on I was trying to write an article to get accepted to a PhD program. So even though I was in front of the computer I was tired and busy. Anyway thats not an excuse and I know that...
I AM GETTIN READY FOR THE NEXT BULL!

I think you had a good chance to cash the money you had earned in October but you did not and the time is gone now. What I feel right now is that you should have done the technical analysis which makes you know about the most profitable of coins in the crypto market. You can still go good as long as you feel comfortable with your portfolio and hold it. Good luck for the future.

LMAO how did it happened? It is more than a 80% lose after all.
I have never lost so much money in here, and i have been on crypto for more than a few years already, and i love trading and holding too.

There is nothing to do the only option is to keep holing your coins, I know that it does not seem like the most proactive strategy but it is the one that is the easiest to perform and the one that will definitely succeed but that will only work if you have complete security in the coins you have chosen and can hold them for the long term.

Most of the time when they are profitable, they will never sell because they always think prices will increase continuously and always confident prices will increase over the next few months. I personally set a goal to sell before buying because this market can make you lose in just a few days. The best advice is to sell when profitable and always keep the best psychology when trading

I do respect your thoughts and hopes for this coin to move up, but suddenly, all are falling prices, and same with me, ive loss a lot., but if you think this coin is better than the rest then hold it for more months, it is the only method available now, since lots of traders and holders to date are losing their invested money. Maybe later or tomorrow, you can recover your losses, dont lost hope, its just a matter of patience my friend.

Selling some and reinvesting is a good strategy to diversify into other assets that can perform better but if you've invested in decent long term assets then holding might be a better idea

i am same with you too.

i lost more than 100k in 6 months. i wish i took all my earnings on january.