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

[xtraelv]

The best way to return your money is to learn day trading techniques. Long-term investment in cryptocurrency is not highly recommended because cryptocurrency prices are very volatile and conversely short-term investments or day trading can be very profitable.

I would say the exact opposite.

Learn to identify when markets are driven by mania and when markets are worth buying into.

Use Bitcoin as your guide.

Don't exchange your good bitcoin for a shitcoin. Only buy it if you think it has something different or better to offer. (Not many coins reach that standard)

What does the coin have to offer in terms of innovation, development team, real world usage. How is it valued ? Look at the historic trends of the coin and that of symilar coins.

Buy it when it is low - then hold. The crypto market is young. Only buy quality coins. Hold onto them for a number of years not expecting to cash out.

Stay away from ICO tokens, HYIP coins, coins that get delisted from exchanges, coin-swaps, high pre-mines, lack of development, coin devs that refuse to admit their mistakes, pump and dump coins, lack of decentralization (exceptions are exchange tokens and tokens used for genuine business purposes)  or any other shady business.

Two types of coins will survive:
- those that will comply with legislation by Governments (as more regulation will be introduced) - Thus reputable, innovative and useful
- those that will withstand legislation by Governments - Thus private and decentralized.

I'm sure people made money day-trading Bitcoin. I know a few of them. Most of them sold their bitcoin when it was low and now regret it - as the bitcoin value went up they trade less and less in bitcoin quantity.  Their mindset is on fiat profit. Your aim should be increasing your bitcoin balance (regardless of its value).

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[Kreks]

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?

Yes, I think most of us will experience a loss when we first start. This is a difficult lesson but it is important to learn to not trade emotionally.
Another important lesson to learn is patience, so hold your coins. Before you realize it, I can only say it like that.

[Vanhoang2000]

If you invest, but unfortunately you lose half of the capital, then the most important thing is that you should province and rebuild your plan so that you can have separate plans to recover the lost altcoin

[Vidgenx]

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?

There is nothing you can do unless you change your thinking concept, that crypto is a long-term investment. The market will fluctuate, and will probably return to the highest point. So if you don't immediately need the money, then wait until the market recovers.

[Aschcraw]

i lost 80% right now . hope better times will come . if you sell at this price . your lose is forever . but if you hodl maybe the price will go higher .

[manhont]

My deposit is also very badly damaged, I have many believed in crypto spring and did not sell tokens and expected that the price would rise again

[Rosilito]

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?

Well, admit it that was a huge mistake of yours. We cannot that fact. What you should do is learn from your lessons, never make those mistakes of yours again. Do such thing you could to avoid those mistakes you already did. Well, forget about it, the memories or so on. Because it would just crashed you out, and it might make you not to join to the crypto community again but never forget the lesson, it will guide you to success someday.

[Revolvere]

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?

Your situation is actually very common in the crypto world. I will hold my coin, if I have confidence in them.
Recent price reductions are caused by funds, the market will recover after new investors enter and inject funds.

[raging-creeper]

I would chill and stay put.  I bet most everyone on this board has lost 50% from the high.  I know its tough right now but this is the time to man up and start buying.  Selling right now is a mistake upon a mistake.  We all made mistakes and got caught.  Being patient and hodling is the punishment. 

[harbin55]

If you lost half of your cryptocurrecny amount the best you can do about this is to hold your investments or coins for the mean time to secured that it is safe just wait for the perfect timing to sell it.

[jcojci]

If you lost half of your cryptocurrecny amount the best you can do about this is to hold your investments or coins for the mean time to secured that it is safe just wait for the perfect timing to sell it.

I agree with you. by holding the coin, he can have a good chance to sell when the price is up and no matter if the price can increase in a long time, at least he can recover his money. but this will only work if he can the patient to wait for the price is up again. I am sure that many people still waiting for the price to get up so we are in the same situations.

[sazon84]

Most likely now your losses are more than 50%.  Since February, the market has fallen even more.  My portfolio has dropped 10 times.  Now it's already too late to take out altcoins and fix losses.  We can only wait for growth when our current losses will turn into tomorrow's profits.

[bnmh23]

Now you have to decide whether to withdraw from the crypto market, accept losses, or whether you're willing to come back and fight.
I'm very optimistic about the development of encryption, but I'm certainly not going to give any advice.

[ms.moon]

You are not the only one making such mistakes. I bet a lot of people made the same mistake, because before investing you did not thoroughly explore the Crypto market. Especially in this Crypto market. At this point you should hodl, that is probably the best way today. Soon, Bitcoin prices will rise again. Good luck to you !

[party22]

it seems that you are not alone in dealing with this situation, I also and even there are still many people who are also experiencing this, this is a risk that we have to face on cryptocurrency, but believe that you will receive the value again even with a higher value. spirit.

[RESPONSIBLE_]

Do not hurry to trade without information preparation. Learn the project and the token that you will trade. Watch the volume and demand. Then you can recoup your losses

[Evgeniy18582960]

In fact, everyone who invested in altkoks has such a situation. At the moment, I lost 5 times in altcoin. But if you take ETH then the loss is certainly less. This prognosis is predicted to last another month. I will translate all the altcoin into ETH

[Rossey]

It is normal to make gain or loss in every form of investment but lack of necessary expertise and greed is highly affecting many investors. Only invest what you can loss and stay positive about crypto market to recover.

[anti76]

The main thing in this phase is not to invest in ICO and buy crypto-currency. Everyone has trouble. Many people lose their money every day. But also someone earns money everyday. Look at seminars, conferences of successful traders, choose your strategy and continue to buy and sell. Someday it should work out.

[pungopete468]

Average because people experience the same thing. in my opinion the current market price has decreased and all have experienced a loss. and we all have to be patient