I lost over 80k because i sold too early (newbie mistake)

[huubao193t]

I have also had similar experience with some coins i bought. I sold too early and right in my presence, these coins were mooning. I could not buy back,because i knew i would not have enough coins i had initially. I also learnt a big lesson here.

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[lehoaian]

me too. I bought and sold at the wrong time so I lost a lot of money. Do you have potential ico to invest ?

[tunapa]

Firstly, you should have a good reason for buying any coin. Make sure you have done your  TA & FA excellently. And set a target gain for yourself. Every trader is trading against each others emotion by the rise or fall of the price chart. Patience is a virtue you must have excessively If you want to succeed in cryptocurrency.

[zorgo]

What's the lesson actually? Maybe at this moment it was right decision to sell. Also what would you say if it lose value?

[Svelto]

Well, you didn’t lost the $80,000. In fact, you are losing the opportunity to make $80,000 profit. Don’t be too hard on yourself, nobody knows when will the price increase. However, you might want to be more patient in your next trades. Weak hands usually make you lost more than you gain.

[WuGong]

Your idea is not correct. You could have made more money, but you just made less money. This is not your real loss.
I think that making less money does not mean losing. Please understand this.

[air_droper]

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..

you're not the only one. everyone was selling too early. but you have not lost 80k. you just missed the opportunity to earn 80k. it is two big differences. if would have invested 90k, and after sales received 10K, then here would you lost 80k. no one knows what coin has a good long term. be patient, do not rush to sell, and you will get a good profit.

[shirackjs]

This is pretty normal in crypto market, many people regretted about not holding their coins during bull run. Pick yourself up and find other coins for investment.

[kidilito2]

You never lose as long as you have profit from your investment. We know that the market is not stable we don't know when it drops and ups. For that what happen from you, it is a lesson from our mistakes sometimes we decide earlier without double checking what the outcomes.

[mummybtc]

One of the issue I have with some people is that they think they can ride the market to the top and bottom, it is not possible, when you make profit good, not come here saying you miss out on certain amount of money, if the token dump he would be saying thank God he sold his tokens early

[stasyk411]

In this case, there is nothing terrible. But you have not lost your money, but on the contrary, you may have increased them. Therefore, rejoice and buy again.

[EfKos]

Yes, in this case, the main patience, sometimes six months have to wait for the price of the coin to grow, and only then you need to sell as soon as the recession begins.

[Nevsky]

In order to avoid such situations, you need to study technical analysis. On the cryptocurrency, it works in conjunction with fundamental analysis. It is necessary to follow the project and the news.

[ChConcept]

You sold at a time that is "best" based on your calculated profit that time. From my point of view, you didn't lose $80k, it's more of a missed opportunity to make it. If anything, you can chalk this up to experience since there isn't so much (read:nothing) you can do to reverse this. Still, I think you made a considerable profit during the time you sold your zclassics, not as much, but still made a profit.

[ethereumhunter]

You sold at a time that is "best" based on your calculated profit that time. From my point of view, you didn't lose $80k, it's more of a missed opportunity to make it. If anything, you can chalk this up to experience since there isn't so much (read:nothing) you can do to reverse this. Still, I think you made a considerable profit during the time you sold your zclassics, not as much, but still made a profit.

from that story, I think he can make a profit because I am sure that even if he sold in the next couple of days, he still makes those profit although the profit is not too big. but if he can hold it for a while, he will make a big profit but unfortunately, it's already happening and don't regret it and makes this as his lesson so in the future, he can make a big profit.

[makakadu]

I may have the same situation, i have a token which can grow 10 times or more. I'm waiting for a certain price and i'll start selling a little bit because it can also fall.

[Basketball5]

We are sorry for your loss,but dont be sad,this will serve as your experience and you shouldnt do the same mistake in the future look for the good part you now know that holding would be the best choice so you can maximize your trades by waiting for sometime,check always the fundamentals so you wont be suprised if a coin skyrockets!

[uletkeket]

I am interested in this topic. It tell us the experience is the best teacher. I ever did like what you do. I influences 'panic sell' virus long time ago.

[Mercedes1107]

You didn't lose anything. you only had the chance to make more profit had it been u didn't sell. Now this experience will make you a lil bit patient before you sell off a coin next time...am sure you won't make this same mistake another time. You become wiser when you make mistakes.

[pelipurlara]

Once I lost 10 thousand and it was for me a serious loss, now I'm just recovering. Although, it’s an experience, so I wish u not to have such mistakes!

It is true that holding is the safest and best step to take when trading. Kareba this happens usually for us beginners because we have not been able to understand the volatility of cryptocurrency, with my friends almost selling my investment to cut my losses and move to a good thing altcoin new I refused my impulse to sell it and see how the market turns green