Bitcoin Forum

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

2019 should be a good year and hopefully market will be back at old highs again. Most investors are sitting at big paper losses so do not sell now but hold on for the next big bull run.

As long as you haven't sold your assets with a value of $5,000 then you should keep on holding it.

Looks the rebound is starting to show its strength at the end of the year. Bitcoin is moving up, ethereum is moving up and other alts are also going to that position so you just need to be patient and see if 2019 will make your $5,000 to $60,000 again.

Are you serious? why at that time did you not cut loss and prefer to keep hodl them? you should it not take this decision because sometimes hodl isn't the best solution. Because the value of your investment has dropped by almost 95% it seems very difficult to recover, unless you have a reserve fund to increase the number of portfolio. But this still does not guarantee that your capital will return fully.

I would say invest in bonds or blue chips. Cryptocoin is too speculative and volatile

If he didn't serious, do you think he will create this thread?
Also, down from 60k to 5k isn't almost 95%, actually it's still ~92%.

@Op, can you tell us which coin / token you HOLD atm? So we can give our opinion whether it could be back or not to the price you have bought

The only possible thing for you to invest in the promising coin. When you are using your 5k to invest when the price reaches the bottom price and i thought that you can recover your money. But it needs another ATH to pump the whole of crypto to go back to the moon again.

x100 its just 3 times x5) IMHO small cap coins with high hype level can do this.

One saying is that if you didn't sell, you didn't lose (yet). But if the drop is from 60k to 5k it looks like you may have chosen badly the assets to invest in. And then you may have to re-check everything thoroughly. I hope that you did diversify and I hope that you can still find some worthy assets between those you invested in. Those should rise again since now the money seems to flow back in these markets.

So the options are, in no particular order:
* keep holding and hoping that you'll recover in 1-2 years
* sell some of the assets you see they don't stand a chance anymore and maybe buy some better ones
* sell everything, cry for a while and start earning money from something you are better at - investing in crypto seems not to be your strong point

Of course, I hope that this was money you afford to lose and you do have a stable source of income.
And of course, these are things to read and maybe get some ideas, however, you should make your own decisions when investing.

Just HODL, it would be the best what you can do now. Or if you have more money to spend, than buy more and follow dollar cost averaging strategy. But this strategy has one negative point: you have to believe in next grow.

You should be able to do cute lose when your investment does not have a good view. now it's too late to do it so stay patient,hopefully next year the market can change

I hope you haven't sold your assets yet.. If you want to get back into the game hold your assets and wait for the market to recover.

You need to be patience mate Don't lose hope hold your assets don't sell it at lose,it's to late now if you sell your tokens what you need to do now is to hold your tokens until you will recover your losses because today we can see a good market and almost of the token prices is slightly recovering.

there is nothing wrong with making a mistake but insisting on keeping to make that mistake is wrong. instead you should have learned from your mistakes!
what you did is called "bag holding". you simply held on to worthless dumping altcoins that you bought on top of their pumping period and never sold until you ended up losing 91% of your money!!!
that is ridiculous!
a mistake would have been bag holding until you lose about 20 or 30% of your money and then learned from that mistake then and there.

my suggestion is that you should NOT come back to the market unless you analyze your bag holding mistakes and are sure that you wouldn't repeat them again. otherwise you will lose another 90% next year too.

Borrow another 55k in the bank then and invest now if you want profit faster.

How did it happened? Did you sell your coins in a losing price? If you hold your coins then somehow you can recover a little amount until such time that their price will return to your buying price. Losing 55k$ is a huge money for me...and if you want to recover those loses you need to invest on ETH or BTC as this are fast to recover their prices but the volatility will be a big factor.

Without knowing your mistakes it's hard to say. You should invest in some solid and well reputed coins and do not for one second consider chasing your losses. Forget that you lost 55k and just pretend you started with 5k. That will help you to make sound and sensible decisions.

As horrible as 2018 has been. I think you only have one option at this point.

Forget your 55K loss. Delete all trading history. Delete all traces of your original principal and failed investing. Delete every crypto app you have on your phone.

Go out for a long walk.

Come back the next day...and start from scratch. Redownload all the apps, and make sure they are blank.

Start with a few hundred bucks and dip your toe back in. Because truth be told...who cares where crypto has been, it only matters where it is going. With 90% + losses, the upside potential far outweighs the downside at this point. So now is a good time to dip your toes back in. But you MUST erase the past. That’s over with.

(Also next time, only out in money you can afford to lose)

Do this...and I think 2019 will be good to you.

Learn from that moment but it really taught you the rough way which is very hard to accept. Such amount of losses can make you stop of believing and speculating to this market. But I think you know this consequence from the very start when you started to invest right?

I'm into losses as well, compare to yours it might not too big but for me its already big enough to address my emotion and grieving. Be positive though its hard to be in that mode but it will help you to remain skeptic because of your losses. Keep on filling your bags while the market isn't so good.

To suggest you somthing we need know in which coin/token you have invested, so if you still keep them, maybe it could make you some profit again, all market has droped down so most of us in lose now, if its not just died shitcoin everything would be good just dont panic and keep at this bear market, anyway better inform us what have.

Spend some months on reading books about financial markets and how they move. Also take a study about trading and develop a strategy, babypips is good and free for a start.

Since from the start we know already the finacial condition of crypto and its being volatile but still you eagerly spend your money and investing here. We are definitely losing us the market dumps like these but we cant blame no one cause we are the one handling our money.  Now, you find ways and makes your mistake as a tool to create strategic plan in all market conditions.

I think you will be happy if you know that in February 2018 I had more than 200 thousand dollars, now I have 8 thousand, my funds just dissolved.

Most of the portfolio is down by 90% in dollar amount. I Bought BTC,ETH, LTC, WAN, ZIL, BLZ, NAS, DRGN, AION, NEBL, NANO, STRAT, ELF, ENG and UTK  >:(

its normal, but so bad news, becouse we all lost some money. but i think better days is in future. i dont know, i am true or not, but i trust in crypto.

Forget about the past OP and start a fresh investment in this market . You would get multiple times returns from this market in next few months itself. Do stay invested in Good top coins only now and do not take risk of buying low price coins or ICO as you are in loss already .

There is no one that did not take a bash this year, it is just that it varies from investor to investor because some people decided to cut their loss early and sitdon look. Ethereum lost more than 90% from ATH, BTC lost more then 83% from ATH. The issue you can be concern aboutnow is if the tokens you are holding are not shitcoin and have future and can turn out to be the Amazon of the dot.com

As we can see, buying and holding can not always be a good strategy. First of all, you need to try to understand why this happened. For investment, as well as for trade, you need to have a strategy.
For example, here is one of the investor’s tactics:
if for some time your asset becomes cheaper, a part can be exchanged for BTC or for $;
then, if with some time the asset does not fall, you can later exchange it back (with profit or more coins).

Be patient do not be discouraged by your decision to adopt when the value of 60k, save for the next few months, then you will marry the results.
With a note not to be rash in making decisions, your experience will be very valuable.

If you didnt sold anything, you still dont have a real lost.. I think there is a bright future ahead, but you must choose carefully the coins. BTC and ETH wil rise, sure.. but not so much as the harmed altcoins.. there are many good coins in the market that dropped more than 95% in value.. go for them!

That's right because by adding knowledge about trade and a good trading strategy, you can definitely recover the losses that you have earned. because science is very important to launch our careers in terms of any work

i think not just you who suffer losses in year 2018 I see market conditions start to rise and almost all altcoin prices follow I really hope the bull season will last as forever

for me it was a huge loss, whatever I would do if it happened to me. Stay patient, I'm sure you can restore all the losses you have and let's wait for the next bull run.

I don’t know the real reason why you lose that much but you admit it that you’ve made a mistake and the only way to regain that loss is to learn from that mistakes and start all over again. If you lose that much in trading then better to start to learn more about it, or if you just lose the money because of the market situation then its better to keep on holding. What we lose in this market is already a real lose, we can’t bring that one back on our portfolio, but don’t lose hope because this market is still a place for great opportunities, you will earn more in the future just keep on fighting.

At this point, DCA (Dollar-Cost Averaging) is the only thing that can help you. My personal suggestion for you would be to somehow manage some more investment. You see:

-You bought 1 bitcoin at $19,000
-You bought 1 more bitcoin at $4000

Then you only need bitcoin to ((19000+4000)/2) cross $11500 for you to break-even, instead of hefty $19000/bitcoin.

time to make an analysis with all your crypto in your bag my friend
if you have a shitcoins on your bag,, sell now or convert it with a better coins
so, you will recover your losses soon,, because the markets will start growing hard next year buddy  ;)

Read about the good ones projects that are on the market and fish the best for you... There's a lot of projects that can increase exponentially over the time, we just need to get luck and do a good research to choose the best one.

Only invest what you can afford to lose. 60k is a huge amount.
You should get rid of all the shitcoins you have and keep only the top ones. Just hold and you'll be fine, be patient.

Just cut the loses and buy some good shares. Facebook or something. You will get your money back in no time and profit big.

You lost more than 90% of your investment in a single year, it is clear to me that you invested in some altcoins or even in some icos and you lost everything, I know this is something that you probably do not want to hear but it is better for you to get out of the market before you lose the small amount of money that you have, if you keep investing trying to recover the money that you have lost the chances that you lose the rest of your capital are many times higher than the chances of recovering the money that you have lost.

more than 90% you lose your capital,, but if you do not sell your crypto assets, you will never lost,,
because your portofolio only decreasing, you will lost if you sell your assets my friend

regards

For the positive side do not sell your coins you hold it the time was turning round like the cirlcle, and yes ofcourse they are expecting price gain this new year.

And sorry for your loses but they have possible to go back again your investing capital if use patience and believe that bear market will end.

Market should pickup soon as most people are speculating but you need to be very watchful mate Any kind of trade wouldnt bring you the profit you most sought for Carefully analyse the situation first

template answer , often hear this answer. but maybe there is some truth. if you haven't sold your assets, and you're still sure the coins you bought have the potential to go back up, why not keep on holding it? but if you have lost because of selling it, then stop for a moment, introspect yourself whether your skills are high enough or not, because such a big loss dude, if you are skilled you will not lose that much?

Selling now will not be a good strategy. Instead, if you have some spare cash, use that to buy some top ranked coins like BTC, ETH, LTC and others and you will be well in green again by end of 2019.

wow that's a big loss, hopefully 2019 will be better than now. let's see because there are many good predictions for 2019 I really hope the ETF can be approved and prices will definitely rise

Which coin do you invest in? But it reasonable you got a losses, because the market cryptocurrency in the past year has decreased, unless you choose a short term investment maybe you can take piecemeal profit, but if you choose long term investment then your choice is a risk that you must teach.

Regardless of bull run for next years can still hap, especially we rely on Bakkt and SEC, if both agencies accept cryptocurrency or at least accept bitcoin then the cryptocurrency market will recover. Just reminding investment is not a way for investors to get profits, sometimes you get a loss and then be patient don't be affected by your passions.

all you need to do is keep holding mate and don't ever give up if you realy want to recover your losses because there's no other solutions to regain your losses  if you left on this game. .  In fact market will recover again and will bounce back at the top so be patient and be prepared instead.  because for sure on  this year 2019 will be the right time to regain our losses ..

wow, that's a huge loss. I think you are in severe stress. Now you should not invest any more altcoin. Please calm down and hold everything.
When you sell now, you will suffer a lot of losses and will not have the opportunity to make money.

as long as you keep your coins there is no problem unless crypto is truly extinct.
but if you don't have to hold your coins, it's useless to sell them now, you've lost too much.
maybe in 1-2 years crypto starts to improve.

Well you can't cut loss and buy below because we are kinda at a bottom of the market
Almost 80% Market wiped off from the ATH

Wish you all the best
Q1 of 2019 seems promising there, lets hope everything went smooth

Man, I don't want how to help you.
Just don't sell in loss, probably market will get back to 800 billion capitalisation and you will get your money back!

Sorry for your loss, if i loss that amount of money. I will take a rest, of course before we invest in something we must know if not to use our daily money. But 55k is a lot of money for me, even not daily money, it will shocked me much.

I disagree with you. You need to look at what tokens it has and then give similar advice. I see how the market is self-cleaning and the exchange will delist different tokens. My friends kept tokens for a long time and also thought that until they sold them, they did not lose anything. but then the tokens were delisted from various exchanges and their investments turned to zero. Look at Myst/voise/

I am not the only race you are currently experiencing losses. many people are the same with different losses. but stay patient by believing according to your target

That's a terrible loss but let me tell you my friend you are not alone with this kind of loss as most of us here have lost a lot if we talk about USD. because btc down 80+%.

My suggestion would be if you have invested in good altcoins which have active team and development then you should not worry much as with time those alts will recover.

I doubt if it's a good option to sell now everything with your 5k remaining funds. We are about reaching the bottom, or at least very soon, and I won't miss the opportunity to make at least parts of your losses back. Better avoid shitcoins or ICOs and put your 5k in BTC or other big coins which will recover more likely.

If I were the OP then I will not go for selling after this much heavy losses but I will go for holding them for recovery as market already started to show some reversal. Simply holding for some more period may bring big differences, hopefully.

That will depend entirely on the coins that he bought, if he bought some altcoins that have been in the market for some time and that we know are not scams then he could recover his money and even make a small profit if he is still holding his coins, but if he bought coins that have no reputation then he is in deep trouble because as we know most new altcoins have a tendency to disappear during their first year of existence.

i think we can back in game in 2019, with STO s, and passive incomes.  but its not easy way, from 5 to 60 k, becouse its 1200%. its not impossible, but so hard to done.

My suggestion would be to learn how to short and when to short.
One trick ponies like permabulls are always going to lose money.
You need to have a versatile skillset so you don't repeat last year's failures.

I recommend platforms where you can obtain passive income.  There are already several working, but you have to be careful because if you do not research well you will also find many scams. I recommend a platform called EVOAI, I have researched a lot and I think that right now it is one of the best options to invest in crypto. EVOAI will have trading bots and a trading academy. One of those bots will arbitrate between exchanges and pay a daily ETH benefit that you can instantly withdraw to your external wallet or you can re invest to get more and more profit. Not only do you have the option to use the  bots, I also believe that EVOT coin will multiply its price in the coming months as investors will keep their coins to use the bots and will only sell them if they find a good price. . I leave here the website in case you are interested:
https://www.evoai.network/

There are many investors who are losing bigger amount of investment due to the continuous market downfall and they are choosing not to sell despite of lack of assurance of the recovery because they will permanently lose their losses. Holding will still give them a chance to regain their loss once the market value starts to recover and they just have to wait.

Unfortunately, there are a lot of people in a situation like yours. What you do, mainly will depend on the financial situation you are in. In your place (if you do not have to) I would keep and wait for better times.

I suggest you to buy ethereum with 4x leverage and then you have chances to get your funds back in case your position won't be liquidated.

I think the turn will be either in 2019 or early 2020. Now it seems that it is very far, but in fact time will pass unnoticed. I think that active growth will be around 2021. Do not worry about what you have lost, later you can get more.

Is this the total amount of your portfolio? Or did you sell some of it and now left a terrible amount?

If yes, then you aren't alone buddy, i think most of us did the same as you too. Thinking that the market would bounce back during its drop but we are all so wrong because it did not but instead it bleed most of the altcoins in the market including Bitcoin.

The only way to survive from this bear market is to hold and accumulate as much as we can and sell right away when the bull market starts.

There's a stock investor who's a trillionaire.  And this is one of the most important tips that he has ever shared.  And I use this exact same tip when investing cryptos as well, and I have been profitable this year.

First let me use this example.  If you invest in a stock, or buy a coin / token, at $10.  We need the value of this coin to go up over $10 before we can then sell it, to make a profit.  The value may go up in one day, one year, 10 years, or it may never go above $10, and may actually drop in value.  Because of this, you can be left holding bags for years, or sell at a loss.

HOWEVER

If the company you invested in has profit sharing, even if you hold a stock / coin for years, you can still get regularly paid, or regularly receive a share of the company's profits.  

So this is why I only invest in a company, or will buy a coin / token, if I can regularly receive dividends.  So even if you're left holding bags for years, it doesn't really matter, if the company is still going pay you regularly. It's hard to find a good and legit company that pays out dividends.  In addition, you want the ROI to be fairly high, so that it's worth your investment in the long run.  With that said, a company I recommend and have personally invested in is https://www.evoai.network/.

You could still return something and maybe even everything, but have already given up and fixed their losses, will have to spend on investment at times more to recapture losses, but this is not an option

Every person who invests at the high value are already in huge loos and which it is impossible to recover the loss at the current situation of the market. There is no choice for us until the market starts recovering we have to wait patiently in order to make our investment back.

That’s a huge loss but were on the same boat, crypto is such a terrible investment but also has big rewards. Its not worth selling an asset that lost almost 90% of its value and almost worthless but as long as the project goes on and survive there’s always a chance for recovery when the market is in good shape.

The best thing to do is just hold, 55k is a huge amount if you will exit the market then you will no longer a chance to recover your loss so it is better for you to hold that coin, or else you will do trading even the profit is not that much atleast you are recovering.

Until unless you have not sold the coins and booked loss you still have chances to gain loss, if you can wait for market to improve. If you get some investment then buy in current price and average your buying price. This is the only best option for you.

I wont discourage someone who is in big loss and use the word "impossible" though you are right with the current market situation but that word doesnt really fit and it wont help someone whos trying to look for a reliever.

And he cant just hold, he can accumulate more while waiting for that recovery of his losses. Its the best idea that someone can do but there are some conditions. If he doesnt feel the market anymore, he wont buy more.

Shorting now means you are just going to make loss as market is already low and it is going to rise from here and going to make big gains in coming time . So ideally buying for long term will help you to recover your money as quickly as possible and also invest in best coin only .

Sad to hear this but that is the nature of this market.  I believe you buy those coins when you ought to sell.  If you buy into a coins at the wrong time there is no way you will not lose money and investment is a serious skills ventures, you should not have put that type of huge amounts of money into coins market at that time that it is overbought.  You should also learned how to cut lose early in other for it not to run the way it happened. Cryptocurrencies market is the same way as stocks and forex market.  It entails a very high risk as well as a high rewards if it goes your way.  I also believe that op can get his investments back during recovery.  Remember that the future is highly bright and those that can be patience with the market are going to recover what they have lose in the past.

Invest only in good projects with a serious product that does actually have a use case and people are already using it. For now, I'd stay with Bitcoin (https://coincodex.com/crypto/bitcoin/) and Binance Coin (https://coincodex.com/crypto/binance-coin/).

It's not a loss untill you sell.

Cannot go back in time to change it so best to wait it out for the next big rise to recover. Good quality coins should recover back fine over time.

Sound advice haha. Seriously though don't get into debt. It's a lot worse than being broke, being broke and in debt. I've been there.

Most of the investors are like you, if you did right things don't think this was mistake, I trust to my portfolio and when our time comes we will get our money back, I have no doubt about this.

I am not agree with your opinion. Many investors know how to quit before it is too late. Financial knowledge let them to think and accept correct decisions so they are following smart money.

As a proposal, I can offer you to think about reinvesting the money that you have in projects with a smaller capitalization than the ones in which you invested earlier. I also had a similar situation, but i get out of it by reinvesting my money in the Etheera project. This is a Swiss project with a small capitalization, and investments in it helped me to recover some of my losses in a short time.

That's the worst advice that I ever seen. Don't add another problem if you caused it alone, another problem won't solve things and will make things lighter.

Act depending on how you will solve the issue and don't take loans just to take into the market again. You're just putting yourself in debt which will cause you bigger trouble in the future.

coins will rise and they will fall, but just look at the long term trend of that portfolio and you will see that it will recover. Just wait for bitcoin to rise and lift the market again, most likely after the bakkt is confirmed later this month

Great economist! Maybe you can take credit for him and if he get profit then you can get your money back. Some people don't know nothing and still write this shit things I hope people don't follow their ridiculous advices.

I am not a very experimented trader but I have read about the subject, but if you study the subject you will see that once you lose 50% of your capital you will need to get 100% profits just to get your original investment, so the more money you lose the more difficult it is to recover it, so managing your capital and avoiding losses is critical, I will even say that is the most important part of becoming a successful trader and yet it is one of the issues that is most often ignored.

One thing is sure. We cant lose that much as we did in 2018 anymore in 2019. Impossible. This year will be way better. If we will lose more we will way less.

I'm having a similar situation. There were 55k, now it looks like 5k. It's hard to reach those coins again without a big rise. BTC should be at least 30k.

Bitcoin will not be $30k for next 2-3 years. And will be close to $30k 4-5 years from now again.

Sorry for your loss, but almost everyone in 2018 lost money in 2018, most if not all the coins and tokens dropped in value in 2018. I for one do not know if these coins are going to regain their value because a tokens that lose 90% of its value and have no working product, it is very hard to bet on te future of the project

There are only way that can drastically help change your situation will be reinvestment. You need to choose a quality project of not very large capitalization And good growth potential, and invest your money in it. I did the same thing and invested part of my money in the Etheera project, this is a Swiss project related to real estate, and over the last two months I have already increased the size of my investments five times, you can follow my example, because I think that this coin has a growth potential very large.

You are really a risky person and therefore, without much hesitation, filled his portfolio with various kinds of coins. It seems to me that the current state of the cryptocurrency market can have a very negative impact on certain projects, which so far have been very promising.

A lot of us have experienced similar. Best thing is to not panic, and think about why you got into crypto in the first place. The reason I got in is because I could see how hugely transformative the tech can be, and what an exciting opportunity it was to get involved at this early stage (and it is still early). All it takes is some thinking about the next few years, maybe next decade, and crypto will be everywhere. Those losses at the moment will likely be more than reversed as the good coins hit new ATHs.

Don't lost hope as everything will be back to normal, just keep holding your token as those will worth higher once the market will recovers. I suggest you to buy those good quality coins while the prices are still affordable to get back your losses. I hope you had learn a lesson on your mistakes that will give you idea in dealing a right project to put your money. Invest only a little amount in the beginning and once you get a good result then increase your investment.

The OP is not the only one that this has happened to, many people have lost 90% of their portfolio. I even saw a tweet today about 1 guy who lost $1 million on bitcoin, i bet he is hurting really bad right about now

Well, for an invested participant this is true in absolute terms. If you are down more than 50% in 2018 than you can't lose more in 2019 :D
Let's see how it will go, the bear market can continue for a bit longer...

Oh, damn poor you man, I don't know if I could handle 55k lost, I guess the only thing you could do is learn from your mistake and just hodl on your current portfolio. Even if you sell it and speculate on other coin it would be  harder to get your 55k back. Just hodl on your current coin is the best option.

Damn, $55K lost? That's huge baby!!! I don't know maybe I will take a break for a while and have a rest, sort of a reset. And maybe took that time to really figure out what went wrong and go back but this time try to be cautious, or better yet just stay away from the market because the conditions is getting worst. Just return at the start of the bull run so that at least you can recover some of the money you lost.

do not try to recoup! You will just lose money again

I wish I could increase my portfolio to 55 k on this negative market, but now it seems like impossible!
Hope things will be changed then!

A lot of investors have already lost huge amount of their hard earned money in this crypto-currencies bear market, I believe a lot of investors might just choose to avoid investing into crypto-currencies again even if the values of bitcoin manage to hit $20,000 USD again in the future, as they might have totally lost the confidence in crypto-currencies already.

Im so sad of what happen to you. Not only you are losing money because there still some peolle who lose bigger than you already lose but the good to them they still believe to cryptocurrency to get again their money recover and I hope also you too is like them. Other lose for sure millions of dollars who are the really big investor and the other like hundreds thousands of dollars and they still here they are keep investing even they lose big.

Did you sell them? what a big loss for you, I think it's time for you to learn trading so that you can recover your losses.

Not just you bu i think most users here as all market has droped and my coins which price was 100k + now a little more than 8k + so you are not alone about suggestion keep holdin if you are not good trader.

- Perhaps you're right, he will continue to lose money again when he tries to find recovery because from the perspective of a trader and an investor, I feel that he is really not suitable for trading, this failure is the clearest proof of that. However, if he still does not accept this truth and still wants to return to recover the loss, he should understand the mistakes he made, summarizing knowledge and learning about trading seriously, loss may recover but it will not be all, recovering all losses is beyond his capacity

Don't do anything stupid for now. Don't trade and buy coins anymore. You might have been caught in the hype during the 2017 bubble and I'm sure you didn't dump right away because you believed that the market will bounce back in 2018. Anyways, take it easy now. Just leave the $5K for now and see how 2019 will goes, just hope that this is a complete opposite so that you can recoup even half of it.

If you haven't sold anything that you have bought you haven't lost anything yet. I think you have bought cryptocurrency last bull-market, that's why you had a big loss. That's why some investors tell people not to invest in crypto out of fear of missing-out. The hype on crypto was too high last bull-market and market corrections are normal to happen after that.

What a huge loss. That's life, you don't have to rush things to get back what your losses. If you will just use that $5k in a smart way like investing in some potential coins,  buy dump coins and do a long term trading, you can at least regain slowly your fund. I guess you never controlled your emotions, greed ate your whole being and did not set stop loss.

Loss is big, he could have reacted earlier. If he has taken some initiation earlier big loss could have been avoided. From my understanding he has gone for an investment without proper analysis about the project or the asset. Next thing after making an investment he has gone for targeted profiting which has lead him hold even when the market sliding continues and the same has caused the big loss.

You know what you’ve done wrong?that is investing in crypto without learning what market is all about

Crypto investing is most risky because of the volatility and decentralized so it means you must know this first

Never forget that as long as you are holding the volume of coins and tokens meanjng you are not losing anything because when the price bounced back you astill have a chance to gain or profit

Just hold you coins and wait for the next bull run, if its bitcoin you are holding then you will make profit in the years to come.

I think you need to hold them until again bull market starts, the only thing you need to check is whether you have invested in potential coin which has active developments will easily help to reach your previous earnings. But if you have invested in no real value coin will easily lead to zero value because there won't be any active developments from the team.

I wonder what coins you invested at that time because if those are shitcoins then that is only the time I consider you already loss. That's a huge amount and I hope you already recover your sleeping cycles because that's a hard recovery for anyone. I'm really curious if most of them are from ICOs or altcoins you bought from exchanges because if you added those details then we can recommend you something better.

55k wow I guess that was about 2.5 btc when bitcoin hit 20k. Don't worry in the future bitcoin is going to be worth 55k alone so hodl!

I am curious what coins it was just you invested in? Was it bitcoin or other alts?

It's not about his analysis but in fact he was joining in the wrong time. he was saying that he bought crypto when it has touched the peak price and remember the only best time to buy crypto when it gets bearish trend and that's it.

That's such a big a big amount! You should have sold assets when you saw downtrend is continuous. Hopefully btc value recovers this year. I too lost a few hundred dollars worth of altcoins because of the sudden drop of the crypto market but I'm still positive it will recover.

everybody lost money in 2018 the main asset and gain after this crash is the well needed experience we have all learned the taught way how this market works good luck in your future decision

Huge price fall down but it's not going to be a mistake if you are still holding it now.
Not only you who experience that, many of us but some chooses to hold because they trust the market, and they believe it will recover.
You should anticipate it could happen, it's really risky when thing are very unpredictable here.

I suggest you to relax and calm down, market looks good recently.

If this is true, then I hope that you have not sold coins and $ 5000 is not the amount with which you left the market. No matter what your coins are worth, one day they can easily return their high price

If someone handle such a long period of price drops, I am sure he is still holding the coins. It seems that the trend is changing and the market sentiment is improving, so everything telling me that soon prices will start to rise and losses will be recovered.

I've invested 20k and now I am left with 5k, that means I need my portfolio goes 300% to recover the capital invested... but 300% is not an absurd number for crypto market.
In your case you need your portfolio to go more than 1000%, rather tough. I think bitcoin price going to 40k usd should be your hope.

The only way for you to earn again if you invest again your money and hold the coin that you left in my country losing 55k dollars is a big amount it cause like million dollars value and I think it will possible for you to recover it again if you are going to wait again.  You can invest again if you really want because market now is low so you can avail affordable coin because the value is very low now.

Dont lose hope, just hodl and wait till your investment comes back. If i were on your situation i dont what will i do, but you your still calm and strong.  I hope you will get your investment this 2019 buddy

Jesus, what coin you invested? It would be hard to be honest to make a recovery only by 5k, it will takes years i think.

Do you have funds left? If yes, you can invest it and buy bitcoin cash or Ethereum. Buy at low price and sell at high price, repeat.

That may be a risk that must be accepted when investing when prices are high, because to get  advantage must increase even higher. It turns out that prices actually go down and losses must be received.
Therefore there is no other way unless the investment is maintained and expects prices to rise as high as possible to return losses that have already been experienced. Or, wait for the lowest possible price and as much investment as possible, then pray the price rises.

If you're still holding, you may have recovered some of your funds from the recent greens. 2018 was indeed a year we saw terrible things.
But what saved a few of us was putting in cash in projects that had teams capable of making the right moves (https://www.ecomi.com/?utm_source=ecomilx) at every turn.
Wish you better investment strategies this time mate!

this year can be a better year for the crypto ecosystem a lot of project are going life and mainnet poping out around the world we can see a real increase in price by the end of 2019 good luck for you

Learned.from mistakes man, but if i were you Maybe you could do trading rather than investing long term, still scalping can help you make profits every trade, remember to make a friend with the trend, and you know 55k loss is too much if you did a cutloss those times Maybe your losses could.be minimized.

I doubt that you have that amount of initial investment. Well, saying you have and where did you invest that you lost more or less 80% of your money. Did you even think of cutting your losses when it was only around 5k? If you invested into only one coin or token you should at spread it.

Wow, that's a very big number, you should be more careful because investing in the crypto world has a high risk. You better calm down first and not think about your money for now

in what currency? usd? i think thats a big money. i suggest that before entering into investments make sure that you have tested the waters and even in less volatile markets than crypto. i hope that you will regain your losses once the bullmarket starts.

That was a big mistake I guess, but you still have the way to recover it at least by 50% by now. considering with the sudden pump. but if you still mess it up with a wrong coin you bought then its finally for you to leave the room man, or you need to use some money again to recover back what you've lost but remember to be careful this time now.

that's the risk of trading in this market. like gambling because sometimes investment won't produce anything. learn from experience and you can improve your defeat to victory.

Every year is predicted to be a good year, but reality differs. None expected such a massive growth by 2017, but things happened and following the same there is a big hope on 2018. Everything went completely away from the expectation and that's the cause for massive losses. $55k is something very big and to get back the loss only possibility is to hold. If the investment is made over cryptocurrencies that doesn't have bigger market then the posso gets shrunk.

OP should have set a stop loss on his trade wherein he will sell his holdings once the asset goes down that value.  If he believe on his holdings, he should have bought on the bottom to average his losses and can get out of the trade with minimum losses or minimum interest once the price goes half of the price of the asset when he first invested.

Couple of rules one should always have is that never chase the looses if incured. Because you can never focus ahead if you keep on looking past. One should learn from the mistakes and never repeat as this experience will count for the future.  Try to build again a good portfolio with little amount if one can accumulate and start over again.

last year was not good that was the year of bear market, but now I think it is good to invest the market is recovering, I hope that OP did not sell his tokens, he should keep hold and invest more.

Hold is the way in order not to lose your investment, though we all seen how bad market turned last year and we can't do nothing but to wait till it
bounce back and give some breathing, the market volatility can't be avoided but as long as you have trust and you can wait for some time there's
always chances to regain the value or better to get much higher when bull begins to rise.

You can still change your fate and your money in 2019 and 2020. I know you are quite panicked and feel scared when you continue to invest. But don't worry, the crypto market is now considered a gold mine at the moment. You should sell all altcoins without potential and invest in ETH. I believe that by the end of 2019, its price will increase to $ 350 soon.

Don't panic, and look at the price history of your coins. Hopefully you have good coins, and at least some BTC in there.
If you buy at a peak then it is quite disheartening as you watch the price drop, but then when you look back at other peaks you see they were eventually followed by even bigger peaks. So don't lose faith, for good coins the road continues to lead upwards... it's just that there are plenty of bumps along the way.

I don't think you have to do that much. You haven't taken the loss unless you dump your coins right now. Just wait for the next bull run and you should be able to recover your funds and have some profit. It's fine, and it's normal that that happens. Just follow the rule that you should buy at low and sell at high.

2018 showed that holding is not always a good strategy. If you buy every time at the highs, it will be difficult to make a good profit.
First of all, it is psychologically difficult to experience huge falls. Then, with each big dump, many assets will die. This means that the investor loses part of the money irrevocably. Profitable assets may not always compensate for losses from dead assets.
I think the best strategy is a cross between trade and investment. That is, sometimes you need to sell-buy your assets in the case of local pumps; turn your assets into a stable coin when the dump bitcoin and ethereum.

If such a great sum is lost, one year will be not enough. I doubt that the market can go up so fast. yes, the situation will be better than in 2018 and even than now, but to get profits or at least to cover losses, several years should be spent.

That's enough and if OP was doing a lot of effort especially if he was trying to participate in any IEO and that will be recovered just in a few months or even less. That's the only chance.
This time is much better. Imagine when OP was coming back again and invest 2k in binance IEO and i guess that will be easily turned into 20x just in short time.