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

[Psalmy2cute]

Sorry this happened. I wish to say you experienced this the hard way. Do put yourself together and reanalyse your moves. Cryptocurrency market can be very volatile and unpredictable

[WickedPigeon]

Bitcoin fell off the cliff almost a year ago. And everyone keeps saying its coming back, WRONG. It is headed to Sub-$4,000. There is more pain before any gain will be seen again.



The classics never die.. they just find new markets.

From Jean-Paul Rodrigue (2017)
Bubbles can be very damaging, especially for those who arrived late with the hope of getting something for nothing. Even if they are inflationary events, the outcome of a bubble’s blow off is very deflationary as large quantities of capital vanish in the wave of bankruptcies and financial defaults they trigger. Historically, they tended to be far in-between, but the scale and amplitude of bubbles has accelerated; web/technology stocks (deflated in 2000), real estate (deflated in 2006), commodities (deflated in 2008) and crypto-currencies such as Bitcoin (deflated in 2018).

[Silverstone79]

 I am also having loss. I purchased same time one year ago and was happy when all coins were at all time high Dec last year. I didn't sell and now they are down again.

[Gryphet]

Well, if right now half the amount I think that the best solution is to expect growth in the future, now the fall may not be

[Bitrecords]

In the same situation, but I just relax and wait for changes in the market to the trend, if you have skills and some strategy, you can trade it, so that the amount of money increases with buying and selling many times, but if you do not have time for this and for your purpose use this money for long-term investments, so just keep them for at least 1 year.

[freestyle07]

You need to sit tight right now and DCA if you have the available funds.  This market has turned brutal and there is no real escaping it at this point.  My plan is to hold and minimize my quotes per day and also stay off Telegram.  IT's much easier to hold when not watching daily.  If you watch too much  you increase your chances of making an emotional decision on a weak day. 

[iyke12]

I guess by now it's too late to render an advice, because the market has been to bearish of recent, hope you can still get the best out of your investments later in future though

[BitDane]

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, investing in Cryptocurrency is really not for fainthearted people but of course, I am not saying that you cannot do that. Well, if you still your coins intact. I guess you need more patience with you. It is better to hodl than lose half of everything. Forget about your coins right now, focus on trading using some active coins and I think this is the time that we should learn more on trading so even things like these happen, we can have a purpose to make it work for us to have a good profit.

[misterChels]

The best strategy is not to sell coins having received a big loss. Put a stop loss - and you will not lose a lot of money

[nik9990]

You do not need to sell coins, you have to wait until they grow up, it's called a drawdown

[Catmurs]

I do not think that it is necessary to sell, the market has long been falling, and I think that the turn will soon not take long to wait

[kopicelleng]

all you have to do with the market like now is hold the coins you have and if you have enough money then now is the perfect time to buy more coins and wait until the market grows again

[tazmannia]

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 are not the only person who has lost most of their money. Yes me, it is a pity for you, that you lost very many, but in this situation you received experience, let he even and a bitter. At this point in time, you better wait for such a situation to come and you will know exactly when you need to sell your coins and fix your profit

[ziggy21]

The fact That you have held on this long means that you have held onto your tokens for the hardest part of the market. Now here is the crucial part, you need to hold on for a little longer in order to make the profits on investment that prompted you to invest over 11k into the projects you did.
Holding I an the hardest part, especially because of the uncertainty in the market but that aside you should hod your tokens and guide them jealously

[zDNkfr9]

I am also at a loss for the time being, but I didn't want to sell the coins I held immediately. I don't think this market is suitable. Only if it is sold, it really loses money, so what I need to do now is to wait patiently for the market to recover.

[Nucunsimeo]

Now the price is still unstable, could be the possibility of altcoin will not be sold. Invest in a clear altcoin, and where people invest in it. Bitcoin and ethereum are places of greatest investment.

[Don Lord]

you are not alone in such a situation, many lose and I including, but do not despair, everything will be fine, in cryptocurrency news there is always a risk, you have jumped and lost, so the next time you get.

[Alex_He]

That is a painful experience. Sorry about that friend. I was affected as well and many other. Then I got to realize that Crypto is not a get rich quick scheme and hence needs patience. What I do now is to invest on altcoins the money I know am not gonna need anytime soon so that if my profits aren't coming quick, I don't get bothered I can hodl coin for as long as more than three years now or I don't buy at all if I would be needing capital or profits soon. Experience is the greatest teacher.

[e@symode]

This is really sad news, because today's crypto currencies are really a very risky industry in which such cases occur and this happens very often, especially lately, probably this is due to the fact that panic in the market still won

[WickedPigeon]

From the BBC - "The Trick to Learning When to Cut your Losses"
Most, if not all, of the posters on this thread are falling into the Sunk Cost Fallacy.

Read this... it will help http://www.bbc.com/capital/story/20180914-the-trick-to-learning-when-to-cut-your-losses