Tony116
Legendary
 Offline
Activity: 2156
Merit: 1023
★Bitvest.io★ Play Plinko or Invest!
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February 21, 2018, 07:19:50 PM |
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When I started trading I lost a few deposits because of the wrong trading strategy. I was afraid and did not trust crypto. But then I got experience and realized that I should not sell coins with loss. I need to wait a few weeks or days and the coin will go up again. Resume: in order to successfully trade you should have a lot of patience.
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ðºÞæ
Sr. Member
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Activity: 1176
Merit: 297
Bitcoin © Maximalist
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February 21, 2018, 07:26:31 PM |
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Give up trading and focus on the learned profession. It is obvious trading it ain't'.
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"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." Satoshi Nakamoto, April 2009 Avoiding taxes is totally legal if you consider and respect the law.
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nellycanezo
Jr. Member
Offline
Activity: 112
Merit: 2
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February 21, 2018, 07:27:41 PM |
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On 10th I bought these coins...
QLC 665.39235960 spent 0.04669735 BTC now value 0.02208817
DBC 3489.01913490 spent 0.11399558 BTC now value 0.04789097
UTK 999.14623990 spent 0.07351075 BTC now value 0.04367548
TRX 11704.11100000 spent 0.11480700 BTC now value 0.07415842
VTC 43.46405229 spent 0.01995629 BTC now value 0.01713204
MUSIC 6321.99316783 spent 0.04531524 BTC now value 0.02180519
If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.
How do you handle when you are in my situation.
You seem have a hard time to deal with it. The best thing to do is to hold it until the value goes up. Coz, it won't benefit you if you sell it now. Just wait, even it takes long time. |
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coolcountry
Member
Offline
Activity: 154
Merit: 11
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February 21, 2018, 07:29:17 PM |
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On 10th I bought these coins...
QLC 665.39235960 spent 0.04669735 BTC now value 0.02208817
DBC 3489.01913490 spent 0.11399558 BTC now value 0.04789097
UTK 999.14623990 spent 0.07351075 BTC now value 0.04367548
TRX 11704.11100000 spent 0.11480700 BTC now value 0.07415842
VTC 43.46405229 spent 0.01995629 BTC now value 0.01713204
MUSIC 6321.99316783 spent 0.04531524 BTC now value 0.02180519
If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.
How do you handle when you are in my situation.
Try to forget about your coins for some time. Ideally, you should have invested an amount which you were ready to lose, so log off for some time and forget about your investment for some time. Hopefully, by the time you return, the coins will have recovered somewhat. |
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boyjackyou
Member
Offline
Activity: 301
Merit: 11
DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO
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February 21, 2018, 07:53:56 PM |
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On 10th I bought these coins...
QLC 665.39235960 spent 0.04669735 BTC now value 0.02208817
DBC 3489.01913490 spent 0.11399558 BTC now value 0.04789097
UTK 999.14623990 spent 0.07351075 BTC now value 0.04367548
TRX 11704.11100000 spent 0.11480700 BTC now value 0.07415842
VTC 43.46405229 spent 0.01995629 BTC now value 0.01713204
MUSIC 6321.99316783 spent 0.04531524 BTC now value 0.02180519
If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.
How do you handle when you are in my situation.
Because most of the coin you bought are shitcoins,you didnt do a lot of research before getting these coins that is why you ended up pretty badly.So its on your bloody hands not ours,doing investments should be taken seriously because the market of cryptocurrencies is too volatile that is why we need to pick those coins who wont give us much headache when bitcoin has started to move wildly. |
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InGODweTrast3
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February 21, 2018, 08:32:45 PM |
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There are several options for action, the first is not to panic and wait until the market returns a little, option 2: sell 50% of the tokens that are not at the bottom and buy new more promising coins, now is just a good time for investments.
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erickastella
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February 21, 2018, 08:59:54 PM |
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hmm , maybe just hold.
thats depends on you , if you want cut your losses and trying buy back at low price , u can recover the loss , but who knows ?
if i were u , just believe and hold the coin till have a good price for take profit.
trying to close all of ur browser , and take some coffe everyday , then see the price again month by month xD
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Kamelia
Member
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Activity: 126
Merit: 10
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February 21, 2018, 09:04:47 PM |
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Getting into similar situations is the norm, for such a playing market as crypto-currencies. Personally, I'm playing for the money that is ready to lose irrevocably, for this drawdown, even 50% of me do not worry. Practice shows that growth will be inevitable. Just need to wait ...
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xsaints128
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February 21, 2018, 09:06:12 PM |
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When you are experiencing loss you should just wait, have patience and hold on to your cryptocurrencies. Instead of selling and incurring the loss just hold on to the coins and sell them when the market goes green again.
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jouns
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February 21, 2018, 09:08:28 PM |
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Until the bitcoin recovers, no growth in altcoins should be expected, altcoins strong grow only 2-3 times a year but can make a lot of X. HODL, don't sell it.
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ptolimeus
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February 22, 2018, 09:05:07 PM |
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When you are experiencing loss you should just wait, have patience and hold on to your cryptocurrencies. Instead of selling and incurring the loss just hold on to the coins and sell them when the market goes green again.
This is a very correct decision, I do the same. To sell coins now and lose money is stupid. The market must start recovery sooner or later.  |
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ifekosu
Newbie
Offline
Activity: 10
Merit: 0
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February 22, 2018, 09:16:40 PM |
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I don't look at the USD loss, only ETH/BTC value in my altcoins... If I lose a lot in BTC/ETH value, than it's time to panic... but never panic sell, just get out of alts that have no future and buy some more promising  |
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Wayan_Pedjeng
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February 25, 2018, 01:22:44 PM |
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On 10th I bought these coins...
QLC 665.39235960 spent 0.04669735 BTC now value 0.02208817
DBC 3489.01913490 spent 0.11399558 BTC now value 0.04789097
UTK 999.14623990 spent 0.07351075 BTC now value 0.04367548
TRX 11704.11100000 spent 0.11480700 BTC now value 0.07415842
VTC 43.46405229 spent 0.01995629 BTC now value 0.01713204
MUSIC 6321.99316783 spent 0.04531524 BTC now value 0.02180519
If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.
How do you handle when you are in my situation.
Simply disastrous. You spent around BTC0.41428221 and now your investment is worth only BTC0.15677113. This represents an unrealized loss of more than 62%. You need to make the decision on whether you want to sell the coins and cut your losses, or hold them for the long term. |
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lumeire
Legendary
Offline
Activity: 1848
Merit: 1009
Next-Gen Trade Racing Metaverse
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February 25, 2018, 01:52:53 PM |
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Well looking at your portfolio, at this point you should be cutting losses.
That's just an advice though, remember losses aren't final up till you cash out, wait it out if you have to.
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iamlds08
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February 25, 2018, 01:55:53 PM |
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On 10th I bought these coins...
QLC 665.39235960 spent 0.04669735 BTC now value 0.02208817
DBC 3489.01913490 spent 0.11399558 BTC now value 0.04789097
UTK 999.14623990 spent 0.07351075 BTC now value 0.04367548
TRX 11704.11100000 spent 0.11480700 BTC now value 0.07415842
VTC 43.46405229 spent 0.01995629 BTC now value 0.01713204
MUSIC 6321.99316783 spent 0.04531524 BTC now value 0.02180519
If you notice in all these coins I am in HUGE lose. I am holding this of course. Coz I would never sell my coins in lose. I did in past but learnt my lessons.
How do you handle when you are in my situation.
i take some time and get out in front of my computer because ill panic sell when i see blood on my portfolio. i dont sell in lose. take time to relax and wait for the market to correct at the first place you will not invest on coins that is not a good catch right? |
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Blondy12
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February 25, 2018, 01:58:32 PM |
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No one will lose even a cent if everyone have a patience in trading. It is so simple HOLDING is very much important in dump season instead of selling during this stage, why not to buy more for our holdings right? Keep hodling until the price pump again? Decreasing will not remain forever. There will always be a time to rise. And lucky for those who knows how to be patient and wait.
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Lodipetmalu
Member
Offline
Activity: 252
Merit: 10
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February 25, 2018, 02:00:48 PM |
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In any investment, you need to put in your mind that there is a very high risk of lossing. Its part of the business. If your loss already 50%, you dont need to sell it immediately because you dont trade for a loss. All you need to do is to hold it, because there is high chance that you may recover.
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sparveenat
Full Member
Offline
Activity: 210
Merit: 100
★Bitvest.io★ Play Plinko or Invest!
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February 25, 2018, 02:09:02 PM |
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Simply I use to keep the formula of booking profit and as well booking lose. If you not have the habit of booking lose we end up with not only 50% 100% also possible so no need to wait till 100% lose analyse the sentiments of market if it shows the indication of negative we should quit atleast we can have balance we can make it happen in another trade.
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BogdanGFTP
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February 25, 2018, 02:52:49 PM |
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I think you need to change your strategy and not buy when prices are high
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Bitcoin_trader2016
Member
Offline
Activity: 266
Merit: 10
BITCOIN TRADER 2016
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February 25, 2018, 03:00:13 PM |
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As long as you dont sell that coins and tokens you holdings you cant say that you already lose your investments. Just wait and hold maybe later there price will goes up slowly or you can simply check you holdings in CMC atleast once a week and if you see that your coins have profit then sell it and find a good top coins in CMC.
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