I lost half of my crypto amount! what to do?

[NeuroticFish]

So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?

Normally you shouldn't have been greedy and shouldn't have invested more than you afford to lose.
And normally you should hold, since until selling those alts you didn't lose anything yet.
Normally Bitcoin and many altcoins will recover or even surpass the December 2017 values.

But that's "normally". We don't have a crystal ball, we don't know the future and we can't tell you what to do with your money. It's solely your decision.

[Wildskull]

Bitter experience - all this experience! Don't despair, analyse a situation and try not to make such mistakes any more.

[ðºÞæ]

"invested" in XRP you mean you gambled, whats it backed by?
What about the out of control coin emission rate the criminals at Ripple Inc produced?


https://i.imgur.com/be42eZq.png




The supply disparity is getting worse with every passing day as can be seen on last years data. Falling further and further behind until the planed collapse to massively damage crypto.
https://i.imgur.com/B6jNyGf.png


Ripples CEO has already sad XRP can go to zero. Alarm bells are ringing.



Voting on XRP best points XRP features.

.

[usd.dev]

The main thing is not to give up, you can climb $ 100 and understand the topic of investment well. You can believe that losing money teaches you how to approach the issues of your investments correctly. I wish you to find such a project. 

[cryptomema]

You have learned your lessons,and im sure you will be more aware of these shitcoins and you will be more business minded from now on.You need to do a lot of research before investing with these shitcoins because most of these coins doesnt have any good development and you can find these informations thru researching check if the coin's development is active,if not do not ever try to invest so you can avoid big losses.

[meldrio1]

well welcome to the crypto world that's the life of being a trader, you can not always win in trading its just like you play in a gambling, its up to you whether you accept your lose or keep holding but you need patience here it takes a months to make profit with your altcoins.

[Zyborg]

Do not be so panic,411k is handsome amount you should have invested in ETH,LTC,XRP,ADA,Monero these are good coins and have great tendency to grow,so you have lost half of your investment,My advise to you is that hold your investment is dip period is about to go,a good time is coming ahead,when prices will go up.In this way you would be able to recover your lost to an extent.

[kryptqnick]

So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?

Hold ripple and perhaps cardano. Try holding tron till it is about $0,7, then sell the thing. As for ethos - I've never heard of it before, but it's going up now, so just  keep watching it and sell when the price equals the one on which you bought.
If you're just 50% down then a good decision might also be to sell all (well, apart from ripple, I guess) and buy bitcoin instead. Nobody doubts we'll see it $20k, it is only a matter of time. I am sure that if you can wait for 5 months or so you'll be able to get the money back.

[Jsu]

I did the same thing, but honestly, I wouldn't be worried if you just HODL. Our overall market cap is pennies vs traditional stock markets. This thing is only going to continue to grow as the technology gets better and more adoption plays out.

[cryptospear]

You have learned goog lesson,never ever invest to any coin which you arent familiar of because it could be the reason why you would lose all of your investments,fomo is a common mistake with the newbies but after this event you should know what to do in the future so that you wont be investing shitcoins,check both technical and funamental analysis so you wont regret investing at the end.

[Em00n01]

I am also a facing this problem. 60% of my invested money vanished due to this crash!! I think this is a common thing in crypto. Be patience and hold for a long time. You will surely get profit from it.

[squesto]

Hey I'm sorry to hear, it's unfortunate but perhaps take it as a lesson learnt and be more aware of the risks involved when investing.

[cryptoguy9813]

If I can just get 10k back I will pull out. I just need one coin to get big. I got fomoed hard. I thought ada was solid. Trx is iffy. Most of my holdings is in cardano and tron. I will hodl won’t sell till bitter end.

[左]

So I basically got fomoed. Towards the end of 2017 I saw how high bitcoin skyrocketed and decided to invest in ripple as a test. Less than one week it went up 3x. This made me more ballsy and I put in 11k total in various other alt coins like ripple, ethos, tron, and cardano. After the crash I lost about half of my value just like that. I am frustrated with the experience and wish I would have just put in 1k or something. I wish I could just not invested and went into what I was doing earlier which was just investing the boring and traditional way. Should I wait and hodl or pull out and do something else?

One advice: don't sell at a loss if you don't have to.

[novocaine]

My adive is to just stay safe and dont do impulsive trading due to the FOMO and hype behind and coin, you have to focus on the security of your funds and keep them in a stable market as the BTC or ETH too.

Don't get fooled to the easy money promising from devs, take a look on their whitepaper and choose the right ones

[varun bee]

Every new investor in crypto can relate to it somehow, what i have learned is that once in a while everybody FOMOs, my investment in zcl has tanked more than 40% as i am writing this post (should have cut losses), so hodl and strategize better next time with whatever you have remaining because staying in the game and making small moves will compound into something bigger in the near future, than you had imagined. So Good luck and hodl.

[Puroc]

That's been the issue up today, many are asking if they are going to hold or sell now, as for my advice, hold it for a year, since selling it now will be your loss, and sell it when you have your capital doubled based on the market price. Keep hodling!!!

[setifien19]

Really sorry for what has occurred to your investment , but I think you have learned ( learnt ) a lesson of not taking such risks anymore .
Now you can either cut your losses at -50℅ or hold , I would suggest the following :for coins which have potential to grow in the future, it's better to hold since you can recover what you've lost .

[candy69]

Don't get frustrated, cryptocurrency trading is a risky business, some times you win and some times you loss. I think at this moment hold your coins for long-term.

[Dhruvv1]

I have also one regret why I sell my bitcoin to early. But not made loss in the trading yet. It's better you hold it for long term. I think ripple will be again at good price in the near future. I can't say about the tron. Usually to avoid all the loss, I used to invest in short term and long term. For short term after price up , I never think about hold just sell it whatever profit I got.