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Author Topic: I watched my $5000 metamorphose to $2075 :(  (Read 277 times)
shahzadafzal
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February 05, 2018, 11:18:15 AM
 #1

Forget investing in land or gold... bitcoin is the real game..  that was OCT-2017.

I started poring my small savings into crypto and for last 4 months I have invested $5000 on and off and did not get a chance to cash out a single penny. Just kept buying different crypto currencies and ICOs.

But as of today if I calculate all my crypto empire its valued $2075.

Where did I go wrong?

I'm sure no body scammed me.. I did all my prior research before buying any crypto currency or investing into any ICO. But still I lost $2925.

Is it only me or all of us (new comers) have similar story. Yeah we missed the honey-moon period of bitcoin but it would go this bad, I never thought of it Smiley

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February 05, 2018, 11:44:39 AM
 #2

It depends. How long are you planning on holding anyway? If you're not planning on selling soon, then why bother? Dips and crashes has happened multiple times in the past, and will definitely happen a lot more times in the future. It's just up to you if you're patient enough to stay invested. After all, bitcoin is a long term investment.


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February 05, 2018, 11:44:46 AM
 #3

What is the problem?
Bitcoin falls due to negative news and stupidity of power.
But nobody canceled growth, it can not grow infinitely, without correction.
What is happening now, the chance to invest a smaller amount to get more income in the future!

Hello! Any donations that will go to develop coins.
34bwEhH3GMx6swYXt2NBfFbYGkdTcaWtXz....BTC

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February 05, 2018, 11:46:43 AM
 #4

I entered the scene more recent than you but situation is somehow similar.  I came in during the ATH (which ofcourse i did not realize at the time) and seen my investments drop value week after week.

Been investing more during the recent dips as well only to find out an even worse dip a few days later (as we have another one at this very moment).

Not too worried though, i actually do believe that crypto can only become bigger than it is today.  It's still so early in it's life cycle that even we could be called early adopters still.

So i would say, do not worry too much, just work on a nicely balanced portfolio of projects you believe in.

good luck Smiley
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February 05, 2018, 11:51:01 AM
 #5

What is your cryptocurrency portfolio and in what ICO tokens have you invested your savings?
It`s not your fault.The entire crypto market went down.Just don`t sell anything and HODL.
I think that there is a correlation between the bitcoin price and token prices.The token prices increase every time the bitcoin price goes down,and they decrease every the btc price goes up.I might be wrong ,but i had some Viberate tokens last year and i sold them at the wrong time.
Don`t trade ,if you don`t have trading skills.

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February 05, 2018, 11:58:10 AM
 #6

No need for panicking about the value of our portfolio now because greater days are ahead. Cryptocurreny business is a green horn. Therefore, it is even better to invest in now so that the future will be assured. Buy into more promising icos if you can and this is the time to go for it.
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February 05, 2018, 12:06:31 PM
 #7

It depends. How long are you planning on holding anyway? If you're not planning on selling soon, then why bother? Dips and crashes has happened multiple times in the past, and will definitely happen a lot more times in the future. It's just up to you if you're patient enough to stay invested. After all, bitcoin is a long term investment.


I think this table should be put as a wallpaper on the desktop of every Bitcoin trader - Lol. Cheesy
But I have to admit that every time the prices collapses and you didn't sell high it really sucks.

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shahzadafzal
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February 05, 2018, 01:16:27 PM
 #8

It depends. How long are you planning on holding anyway? If you're not planning on selling soon, then why bother? Dips and crashes has happened multiple times in the past, and will definitely happen a lot more times in the future. It's just up to you if you're patient enough to stay invested. After all, bitcoin is a long term investment.

Yeah actually not other option except to hold... yes I noticed like it goes down in start of year but will rise back to normal. Only thing which bothers is there were claims that bitocin will be upto $40000 in 2018.. well lets hope it does Smiley
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February 05, 2018, 01:25:39 PM
 #9

What is your cryptocurrency portfolio and in what ICO tokens have you invested your savings?
It`s not your fault.The entire crypto market went down.Just don`t sell anything and HODL.
I think that there is a correlation between the bitcoin price and token prices.The token prices increase every time the bitcoin price goes down,and they decrease every the btc price goes up.I might be wrong ,but i had some Viberate tokens last year and i sold them at the wrong time.
Don`t trade ,if you don`t have trading skills.

Well currently i hold like this
BTC: 0.161
LTC: 2.0
ETH: 0.212
XRP: 710
ADA: 770
XLM: 500
SC: 1500
XDN: 1500
ENG: 22

About $1500 in different ICOs (Mark.Space, WePower, Digitex)

Yeah i guess i'm really bad at trading and don't have skills in it. So I should stop the trading game and just wait and watch.
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February 05, 2018, 01:27:20 PM
 #10

No need for panicking about the value of our portfolio now because greater days are ahead. Cryptocurreny business is a green horn. Therefore, it is even better to invest in now so that the future will be assured. Buy into more promising icos if you can and this is the time to go for it.
hahaha thank you for advice bro... but no way Smiley i'm not investing more I will wait at least until I get back to break even Smiley
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February 05, 2018, 01:36:12 PM
 #11

You didn't make anythig wrong. You made a good asset allocation between crypto too. You only need to wait and try to weigt you crypto investment with other good inventment non-crypto related. Then, if you have some liquidity, try to increase 50% (so 1000$) step by step in next 10 day, buying 100$ daily.

Forget investing in land or gold... bitcoin is the real game..  that was OCT-2017.

I started poring my small savings into crypto and for last 4 months I have invested $5000 on and off and did not get a chance to cash out a single penny. Just kept buying different crypto currencies and ICOs.

But as of today if I calculate all my crypto empire its valued $2075.

Where did I go wrong?

I'm sure no body scammed me.. I did all my prior research before buying any crypto currency or investing into any ICO. But still I lost $2925.

Is it only me or all of us (new comers) have similar story. Yeah we missed the honey-moon period of bitcoin but it would go this bad, I never thought of it Smiley


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February 05, 2018, 01:41:56 PM
 #12

Forget investing in land or gold... bitcoin is the real game..  that was OCT-2017.

I started poring my small savings into crypto and for last 4 months I have invested $5000 on and off and did not get a chance to cash out a single penny. Just kept buying different crypto currencies and ICOs.

But as of today if I calculate all my crypto empire its valued $2075.

Where did I go wrong?

I'm sure no body scammed me.. I did all my prior research before buying any crypto currency or investing into any ICO. But still I lost $2925.

Is it only me or all of us (new comers) have similar story. Yeah we missed the honey-moon period of bitcoin but it would go this bad, I never thought of it Smiley



The game is not yet over, it's not a gamble where you lose and not able to regain your losses in the future you will still regain that, if you invest in highly potential coin like Eth, litecoin, monero and ETN stop watching the price for a week, it could go better next week.



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February 05, 2018, 01:43:16 PM
 #13

Forget investing in land or gold... bitcoin is the real game..  that was OCT-2017.

I started poring my small savings into crypto and for last 4 months I have invested $5000

But as of today if I calculate all my crypto empire its valued $2075.
back in October price was between $4100-$5700 and current price is $7700 how did your investment go down from $5000 to $2000?!!

that is only possible if you started buying in mid December (3 months later)

Quote
Where did I go wrong?
that is how this market works. it is highly volatile and risky.
if you ask me i am still going to give the same advice i gave last year: bitcoin is a very good investment and buying at any price is very profitable in long term but at the same time it is very risky to invest in bitcoin.

and according to your other comment you invested in altcoins, they are even riskier than bitcoin. i personally don't care about them in long term at all. when i invest in altcoins i expect them getting dumped on me at any moment.

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February 05, 2018, 04:29:46 PM
 #14

It is really hard to see our investment going down but we had a really good rally last year,but it is impossible to sustain that kind of growth all the time,this is a timely correction after a long bear run and you should have booked your profits when the market situation turning negative with all the regulation news,now all you have to do is to wait for another rally rather than selling it now.


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February 05, 2018, 04:50:32 PM
 #15

It is not only for your also true for all. My wallet also down Cry over 1500$. It is very hard time for cryptocurrency. Every coin going down and down. We don't know when it grow up and we get a healthy wallet  Huh
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February 05, 2018, 05:46:19 PM
 #16

It is not only for your also true for all. My wallet also down Cry over 1500$. It is very hard time for cryptocurrency. Every coin going down and down. We don't know when it grow up and we get a healthy wallet  Huh

This is for all those who have invested and stayed calm and kept holding the coins. It is fine this is volatility where the rise happen so sudden that it rose to 18k + and we all where so happy and it is tough time but it wont last for long. The smiles will be back on the investors and patience will be paid off.

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February 05, 2018, 05:54:48 PM
 #17

Don't invest what you are not willing to lose.  It's a mental hurdle that needs to be overcome.

I would unplug from watching the markets and set a date on your calendar to check back in, say March 1st.  As per the graphic posted above, things will turn around assuming you are patient.

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February 05, 2018, 05:58:35 PM
 #18

it depends on how long you invest your money, if you do not need it now you do not have to bother seeing it, bitcoin is down now of course all other altcoin also decreased, not just you but all the people who hold altcoin are the same as you, nothing wrong with that. Grin

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February 05, 2018, 06:01:04 PM
 #19

I think it is just the blood bath that is taking up your profits and nothing else for sure. I mean if you did everything with all the proper steps followed then I'm sure you are already in profits after you see the prices going beyond the the value at which you bought the whole crypto currencies. I'm pretty sure most of the loss is coming from the bitcoin side and there is no way to recover from it other than waiting for the bitcoin market itself to go up.

You might be in trouble with your investment at this point but I'm sure when the bitcoin will rise it will carry other altcoins with it to higher side and will make it even better. Your profits are assured just don't make the mistake of selling at this low value. :-)


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DanielRR1997
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February 05, 2018, 06:10:06 PM
 #20

No matter what is going on in the market just stay calm and hodl.....the entire alt coin market is down... nothing but red

It only becomes difficult when you sell your coins out of a panic. If you think: "Oh my god, I have to sell fast so that I even get something!". Then you actually lose. But if you just sit back, let some time pass, and look at the courses again in a week or two, maybe in a month or two, you'll realize that this "crash" was not a loss for you. So stay calm, sit back, relax and do not worry. Just wait and be patient. Where darkness is, there is light.
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