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

[bennysax]

Sorry about your experience. In my opinion, I will advise that you keep HOLDING if you have not sold out. The reason I say this is because you may be doing yourself more harm if you sell now. Just HOLD, remove you mind from it for as long as the period it will take to rise again to the level you think you can now sell to recover you capital and you still have a profit. This may take a while, but if you don't mind, exercise and keep exercising patience. This is just my candid advise.

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[defyance]

When you are engaged in trading it is impossible to work without errors. Errors are normal and losses, unfortunately, this is also normal. It is important not to panic and keep your plan for work further.

[Shushale65]

Now you do not need to do anything, do your own business, and leave your crypto-currency investments in peace and wait until they enter the active growth phase again.

[tuliobrothers]

Just wait until the market backs again.  Do not panic because it will go back again but we just need for the right time. So just rekax for now and do not sell your coin.

[kiky03]

You lost only half of your investment but peoples are lost many maybe 3x or 4x times. You should keep patience for your investment as you are in crypto market the highly volatile market compared to the most silver one. Just hold and definitely you will get minimum of 8x times in the next boom.

[atorle]

It believe you why you lost in the first instance,that is the first step towards minimizing future losses.Your best bet now is to have some patience for the market to recover.It always does after a crash.

[Arkhi]

It needs a high level of vigilance to deal with the current crypto situation. With the rapid development of the crypto community, the crypto situation becomes very sensitive and fluctuates easily. Before you sell your coins, you must first analyze the coins that do great potential to grow and achieve valuable value in the future. In addition, you also need to synchronize the crypto situation with the coins you will sell. Sell ​​coins when the crypto is in good shape and quiet.

[bstewart]

Just wait until the market backs again.  Do not panic because it will go back again but we just need for the right time. So just rekax for now and do not sell your coin.

The worst thing that some people do is panic sell at the bottom. It is best just to hold and wait. Forgot about your coins for a couple months.

[Indai24]

Just wait until the market backs again.  Do not panic because it will go back again but we just need for the right time. So just rekax for now and do not sell your coin.

The worst thing that some people do is panic sell at the bottom. It is best just to hold and wait. Forgot about your coins for a couple months.

In the very first place prior putting up an investment in crypto I believe that all of us are already aware how risky it is going to be. But always remember that giving up is not an option, instead this is a new beginnging of starting a new one. Never give up, keep going.

[Crown1]

I think most people will tell you to continue to wait for, waiting for the arrival of the bull market, and most of the opposite decision, so you may lose less, I suggest that you now sell immediately, this could be a good decision.

[Alpha0One1]

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?

Is the 12K you put in crypto something you can afford to lose or see it's value reduced to 50% more?

I know it's painful to watch... but that's the way it is with every investment, especially very high risk ones, like crypto.

Always follow rule #1, never invest fiat that you cannot afford to lose in crypto.
Rule #2, Don't FOMO, Never FOMO. The market moves in waves - it doesn't go straight up or straight down. There's always a good entry or exit point.

[smhome354]

It is sad that the thread starter lost part of his crypto. In any investment this is possible to happen and what we can do is to stay positive that someday we'll be able to achieve our goals. We learn from our mistakes in the past so we need to always look at the brighter future.

[DonaldTramponald]

Now many investors have the same situation.  And there are two possible options - to keep their altcoins and wait until the market turns around and they grow up.  And the second option is to sell all the coins at a loss.  But I do not recommend this method.  Just have patience.

[guizi6]

I don't know when the author was investing. If it was recently it was definitely a loss, and many people have lost a lot, and half of the loss is normal. But for the long-term holders, the more the fall, the better the opportunity.

[Susu xanh]

Just wait and hodl it. It will recover but it takes time because there are a lots of bad events happen in the past months. Just take this at  your learning experience in investing in crypto currency. Because there are times that the coin will high or low. Also, you can buy more at low price and don't invest a lot of money if you are scared to lose.  Just invest money which you think it's fine to lose.

[curnez88888]

It's very hard to see when your portfolio is decreasing every day. But until you start selling you still don't loose anything. Remember that after fall there always will be growth. So just be patient don't panic.

[adsduozn188]

Just stop to look at cryptocurrency charts! It makes you nervous. While market is going down, just change activity and explore the world of cryptocurrency! Just forget about your coins. Believe they will surprise you later.

[dommerty]

I was in the same situation, but I lost my debt amount , I loaned like 10 000 of dollars and lost it in call options after expiration below target level , it was after Brexit- I am speaking about stock exchange, well, in crypto risks are much more higher

[Sithara007]

Just wait until the market backs again.  Do not panic because it will go back again but we just need for the right time. So just rekax for now and do not sell your coin.

He invested in Ripple (XRP). Even at current levels, that coin is looking extremely over-priced. So I doubt whether he will be able to recover his losses when the market starts the recovery phase.

[Vinnyjrt]

Sorry about the loss.  A lot of people are in the same situation as you.  You can learn from this experience (like never fomo into any project).  I learned to never chase the market, let the market come to you. I would definitely not pull everything out right now. Some of the projects you mentioned that you’re invested in will more than likely rise again when the crypto market makes another nice bull run. Use this time to do some research about the projects you did invest in.  If they look like total worthless projects then maybe pull some of your investment from there and look at putting it in more legit projects