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Author Topic: I lost over 80k because i sold too early (newbie mistake)  (Read 4423 times)
Akeeto
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July 25, 2018, 09:42:10 AM
 #1061


Well your right, you really learn your lesson the hard way. As we all know, crypto is very volatile. Its value and prices are changing everytime and no one can predict exactly what will happen
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diguyo
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July 25, 2018, 09:44:54 AM
 #1062

It could go either way though man, as long as you've made profit then you're good. You didn't actually lose anything, unless you sold it then you never had that 80k in the first place. It's only actual money when it's in the bank, otherwise it's hypothetical worth. Important to remember this. If you dropped it on the floor in the street, that's loss, but a depreciating asset is loss of value but not real loss....it can easily bounce back. Don't be too hard on yourself. My portfolio is worth 1/4 what it was in January - do I feel mad about it? I don't, I wish I'd sold, sure, but it was too difficult to call and in the end I'm still in profit so it's all good.

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July 25, 2018, 09:47:54 AM
 #1063

When you invest ICOs, you need to wait for the developers. When they finish their platform's roadmap, the ICOs have their true value.
arakuns
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July 27, 2018, 11:13:13 PM
 #1064

The good thing is that you have learnt your lessons and thanks for sharing this because others can also learn from this. Investment decision should not just be taken in a light way because it might actually cost one a lot to learn from pa1st mistake. I have also had my own share of wrong decisions in crypto and I have learnt and I am still learning from them.
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July 31, 2018, 12:18:18 PM
Last edit: August 23, 2018, 07:49:21 AM by SmartIphone
 #1065

The good thing is that you have learnt your lessons and thanks for sharing this because others can also learn from this. Investment decision should not just be taken in a light way because it might actually cost one a lot to learn from pa1st mistake. I have also had my own share of wrong decisions in crypto and I have learnt and I am still learning from them.

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July 31, 2018, 12:27:16 PM
 #1066

A while ago i went all in ZClassic and bought about 365 Coins when the price was about 2$ per coin, but i decided to sell a couple of days after.
Two weeks later zclassic mooned and i could make about 80k now.

i learned my lesson in the hard way..
Don't worry too much about that because zclassic could have gone down in the same way and you would have lost your money.
Investing is a real lottery with the winners being defined randomly..

PJRLJRAC
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July 31, 2018, 12:29:23 PM
 #1067

I think that is basic in Crypto I can relate that too it was ethereum route back 2015-2016 I was offer all my eth at $14 per 1 eth around then on the off chance that I Hold it till 2017 it was ATH $1300 that is loads of Money to say But on the grounds that I offer prior each one of those benefit that value a huge number of dollars is gone yet it doesnt imply that Ive lost something that is typical now and again you can settle on quick choices that perhaps cause you lament later.
katerinaliisa
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July 31, 2018, 12:35:13 PM
 #1068

When I was still poorly versed in the crypto-currency market, I gave my money to trust management and began to receive training.

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July 31, 2018, 12:39:11 PM
 #1069

Same mistake happened to me last year, I sold my XRB coins in a low price then a couple of weeks past and the price mooned. I have so much regret that I lost that opportunity to earn big money. I hope that it would be my last mistake when it comes to selling my coins and tokens. Until that day I was introduced to the world of cryptocurrency where I learned how to HODL.

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July 31, 2018, 12:40:24 PM
 #1070

Once you've learned from that mistake, it is fine. Just keep in mind what have you found out from panic selling. Surely, many people in this crypto world had the same mistake since the market is naturally volatile. For now, hold into your tokens no matter what because the market is showing extreme volatility from the beginning of this year.

Maxbold123
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July 31, 2018, 12:46:04 PM
 #1071

 Actually, you are not alone in this. Many of us have made such a mistake at a different level. But it is very important that you move on and learn from that mistake. That is the most important part of it, learn from your experience.
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July 31, 2018, 12:50:22 PM
 #1072

In this market, do not panic, the market is still young and can behave differently, but then still win back their positions

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July 31, 2018, 12:58:20 PM
 #1073

in General, in any case, haste is bad! I don't like it when bounty hunters get tokens and start pouring them out! is that possible? do not allow the course to grow.
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July 31, 2018, 01:23:26 PM
 #1074

Everyone has a story like yours. This is reality .
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July 31, 2018, 01:27:04 PM
 #1075

 I’m a bit ashamed of this thread, it just goes to show why whales stay ahead, and dumb money gets dumber.  People buy coins before they tell you do and make fortune out of you by selling it off to you
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July 31, 2018, 01:30:17 PM
 #1076

Experiences make a stronger person.
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July 31, 2018, 01:31:54 PM
 #1077

it  is impossible to get every buy or sell decision right in the crypto market, the market is very volatile and every decision could be the right or wrong call.
The advisable thing to do is to set realistic targets for every coin or token. a maximum and minimum selling  point so that you can take profits occassionally as well as reduce your losses.
it is advisable to not sell off all your currency so that you can benefit from any rise in the price in the future.

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July 31, 2018, 01:32:41 PM
 #1078

I do not understand why the author of the topic wrote that he lost 80 000? No one ever knows the currency will rise or fall. I believe that we need to minimize our risks.

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Myra4
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July 31, 2018, 01:32:59 PM
 #1079

No need to be sorry because it could be the exact opposite. I had situations when I regret that I did not sell my coins and they fell very much in price. Here you never guess where the price will go

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July 31, 2018, 01:33:55 PM
 #1080

Yes, it's really a very common mistake that requires a lot of patience, but now you definitely do not do it, because in the future, when altcoins begin to gain in price, you will realize that you will have to deal with this situation again.
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