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

[anng3lheart1]

Iam the same situation but i just relax and wait the market change to up trend, if you have skill and some strategy, you can trade it so the amount of money can be increasing with buy and sell many times , but if you dont have times for that and your purpose use that money for long term investment, so just hold it in minimum 1 year. In the end of 2018 the market will be growing again.

[Ryanpaul80]

Sorry to hear that. I honestly think alot of people are in the same situation as you are. Selling at a loss is not an option in my opinion because some point in time it will go back to the price you bought it.

[Snakerist]

I think whole market will obviously recover in the future so you can hold you coins and wait.

[jahepahit]

the best way to make your portfolio back is to hold because if you sell now then you will regret, be patient as the market will regain growth for some time to come

[laptevnikita]

the crypto-currency market does not forgive fuss. Relax and keep coins for 1-2 years. In 2020, the ethereum can reach 5k, bitcoin 50k is my personal forecast

[Kersh768]

If that's the case, face the consequences and be firmed in holding into your tokens. The dunps in the market are just temporary therefore, increase is always expected to happen after a couple of weeks. Just avoid selling in order to avoid complete loss of profit. Once the market starts to rise, profit will be again earned so we just have to be patience and calm about the uncertainties regarding with the market volatility.

[goldenmistletoes]

To be honest your not just the one that have this kind of problem. Most people do specially those who invested last year during the hype of bitcoin including myself. I think the first thing to do is to stay composed and relax. Remember that you already lost a lot and if you decided to quit, you'll lose everything. Hold until you gain something.

[btcstock]

It's not an easy situation, but I think a quick rise will be paid with great correction, sooner or later.
Diversifying is very important, buy 10% then if it goes lower another 10-20%, the easiest way to loose is to invest too much in one thing.

[leonidas89]

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?

Many people are in the same situation, myself included. I got in just before all the major hype, rode the wave all the way up... And all the way down again  I not have considerably less than I began with, but oh well that's the crypto market! HUGE swings either direction, you just have to have the belief that the market is going to progress long term, otherwise I'd take your money out now if you don't even believe in the market.

[John Emst]

I advise you not to get upset very much. And try to take it and get out of the situation. Think about how you can make money in the crypto currency. And start all over again. Good luck to you

[madhukk]

I would not suggest you sell. At the moment you have a paper loss but if you sell you will realise that loss. Is it possible to change into other coins that may increase faster and above the price you paid? If you believe they will not drop further then if you do not exchange it is probably best to hold for recovery. Many investors in stocks would buy more after a crash to lower the average price paid so recovery price would not be so high. Only for the brave though.

[Rustamm]

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?

You did it right, you just chose not a very suitable time for this. The coins you have mentioned are quite promising and therefore if you do not sell these coins for a while, then in time, when the crypto-currency market starts climbing again, you can get a pretty good profit. Just need to be patient and expect the market to rise.

[Arrbuz]

I don't understand why many people say they lost some of their money ... prices fell but the coins remained until you sold your coins, so you have not lost anything . just wait

[labake]

Touching story though, it happened to me personally but not as heavy as yours buddy. I would only advice you keep holding and be patient. On a goodnday it would make some sense

[kiltvstors]

nothing can change, you need to calm down and wait for the market to return to its former state

[Yury1]

In the cryptocurrency market there are periodic downturns, but don't worry, because in general the potential for further growth is huge and you just need to wait for the trend change.

[quality.crypto]

Instead of selling them for cheap prices it is better to sell them when the price increases, not only you there are many people facing the same situation and the choice they have is to hold them until the market starts recovering back again.

[Otorofo]

we are all in the same situation , for too long the market has gone down and prices are very low . each of us has lost a large amount

[mukul11122]

You can undone whats being done but make sure to be a little careful next time you go out and invest. Make your investments after doing research and do it for long term!

[nydiacaskey01]

You can undone whats being done but make sure to be a little careful next time you go out and invest. Make your investments after doing research and do it for long term!

I guess what you mean is "you can't undone". Trading is not as easy as saying Buy low and Sell high. What every newbie in trading needs to understand first is how to control your emotions because there are times when we see a coin that is trending up, first reaction is you want to join the fun to earn profits, but what they need to do first is check the reason why it is going up, if its for pump only, I will stay away from that.