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Author Topic: I lost over 80k because i sold too early (newbie mistake)  (Read 4423 times)
midorichain
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May 10, 2018, 07:26:52 AM
 #441

The most important thing is not to repeat the mistakes that you made, because you will never learn and you will not become better  Wink

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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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bttmember
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May 10, 2018, 07:30:01 AM
 #442

I know we regret if the price skyrockets and we have sold, but i personally will suggest you to never regret or panic especially if you have taken profit, i mean even if you have taken 10% profit from your zcl investment just be happy as you did not sell in loss, there are more opportunities, you will see great gains in one or the other so keep faith and you will do well.

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May 10, 2018, 07:30:58 AM
 #443

In such situations, the main thing is not to give up, but to gain valuable experience. Next time, do not succumb to global collapse, keep your coins to the end.

It is very important that when know when to sell when we buy coins. We should wait very patiently for the prices to go up as we wanted it to. We should not sell right away if we get bored of holding our coins,  that will cause some regrets in the future. So be patient next time and let this be a lesson learned.
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May 10, 2018, 07:53:10 AM
 #444

Yes, I don't have enough patience. I have the same experience with you. I sold my cryptocurrency in advance and I got very little.
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May 10, 2018, 08:47:28 AM
 #445

as says 1. my friend who works at the stock exchange is a typical rookie mistake. as the statistics of the study of the cryptocurrency market shows, most people are wrong. about 85% of folds lose their money. but now is the time to buy cryptocurrency again and make money on it.

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May 10, 2018, 10:29:43 AM
 #446

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..

Well, in the case of Zclassic you did not really make any mistake, since the way they have managed to get this "mooning" was due to a sort of "dirty trick" by messing around their coin with a pseudo bitcoin fork or something like that, something that in my opinion has just been done in order to create a pretext for a massive pump and dump scheme. No real value added to the coin.

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May 10, 2018, 10:32:22 AM
 #447

Easy to say with hindsight, it could of easily gone the other way. Don't worry about it too much, if I monitored what happened to every coin I've sold it would drive me crazy.

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May 10, 2018, 10:38:49 AM
 #448

This is a good lesson! I never sell all the coins.
even if the coin brought me a good profit, I sell only 70%, 30% is a long-term investment for several years. In this case, it is impossible to lose.

Pump N Dead
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May 10, 2018, 10:49:09 AM
 #449

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..
Almost every newbie experience that way. I remember XVG when I trade it at 6 sat to 20 sat in C-CEX and now it is already very high. I know that it has a potential but I diversify my fund to other altcoins and forgot to hold some XVG.
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May 10, 2018, 10:50:10 AM
 #450

I believe not just every new people but for every people which involve in trade cryptocurrencies will make a mistake at one point or the other  because of nobody perfect and we can make a mistake in anytime. but we also have a chance to fix the mistake and we can recover our lost if we really tried and there will be a way for us to still make a profit.
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May 10, 2018, 10:56:01 AM
 #451

I quite understand your point. But I have some questions about the actions you took. We're you particular about it to moon, did you watch it's growth daily, what was your basic aim to have sold at the time you did. You might have had a pressing need at the time. So I tell you do not blame yourself. Better days to come.
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May 10, 2018, 12:30:13 PM
 #452

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 be too worried about your savings. Strategically cryptocurrencies from the top are growing and it is possible to get profit of them. So invest in Ethereum, Litecoin and Bitcoin Cash. These altcoins are better than any others.
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May 10, 2018, 05:31:41 PM
 #453

Each of us has different experiences, thank you for sharing experiences here, this will be a concern for other colleagues.
Stay patient and make our bad experience to start the better plan in the days to come.

Personally, I have never experienced it.
I've always held more than two weeks for a new token because I think when a new token was listed in the market always requires price adjustment.
I will continue to observe the price movement so not to lose the good moment.
Maybe for several times, I ever experienced the price has started to fall when I sold it, but I still can get a small profit.
For me, every event always has a good impact.

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May 10, 2018, 06:08:33 PM
 #454

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 might have missed out on potential gains but you didn't lose anything.  You still made money off of your trade.  Just learn from your mistake.  If you know you're holding something good, never sell all of it at once and you'll be fine.
anahata
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May 10, 2018, 07:57:57 PM
 #455

Sell a part of you bag next time. Never go all in one coin and never sell everything that you have, always plan to average out by keeping price targets you sell at.
financialgoal
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May 10, 2018, 09:04:00 PM
 #456

There are always some opportunities you use and there are some you don’t. I always sell part of the coins ones I get good profit from them and I can keep the rest for some good time. That way I can’t blame myself later in neither way
Sam$oN
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May 10, 2018, 09:05:28 PM
 #457

This is of course a great folly. But don't beat yourself up anymore for her. Did you know in advance that this could happen and deliberately refused? You shouldn't grieve over something that didn't depend on you.
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May 10, 2018, 11:48:21 PM
 #458

It happens like that to many newbies. Panic sales. That is the only liability in crypo investment. No matter how low the price might fall, selling will be dangerous because the moment you sell, the price might start rising again and you will be at the losing end. But if you leave it, it is like a must for the price to always come back high no matter how low it might have gotten.
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May 11, 2018, 08:30:55 AM
 #459

It is very important to must know what is right time to sell and hold
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May 11, 2018, 08:36:00 AM
 #460

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..

Imagine how the people who bought bitcoin at $0.001 feel. Don't worry too much about it, thats simply how life works. Look on the brighter side, at least you gained some profits.

This is why i've learned that the best strategy in crypto is to just HODL forever until you really need the money (like in emergency situations).

 
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