55K loss, how to get back into the game

[befriendmywater]

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?

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.

[Cnut237]

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.

[Bessta]

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.

[Milamol]

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.

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.

[gwdf1]

The market will recover so don't sell any coins, wait a year and I believe you'll have you money back.

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.

[Psynthax]

The market will recover so don't sell any coins, wait a year and I believe you'll have you money back.

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.