Massive loss 40% underwater

[slashz9]

I think if you do not have experience in trading, it's better to buy a coin that does have good potential in the future you can hold it for the long term.
or if you have the courage you buy back the asset and hold it back to the capital or make a profit.
the last choice to let go, and learn from mistakes, experience is the best way to grow.

[1715081314]

1715081314

[GalaxyWorld]

Today was a bad day for me, I lost a lot of money today, I forgot to place a sell order, now the market is going down so much so I decided to keep them always.

[Hagmonar]

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

This is what will happen if you dont have patience in crypto trading because you will sell your coins in a lower price. In crypto currency trading patience is the number you need to rules

[Zadicar]

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

That is why proper timing on when to sell and nuy is important. I assume you are newbie in trading specifically in crypto trading where in price movement is unpredictable and hlvery volatile. to be a good trader you need first to  experience failure as ehat happen to you as this be a good teacher not to commit same mistake again in the future. i suggest to buy only good quality coin such as btc, eth, ada xem neo and other high potential coin and don't concentrate in day trade goal set just for ling term first until you familiarized your coin price movement.

Those coins that you had mentioned is not only good for long term but you can also utilize to make money out of it on short term basis but though you would really need have the skills on doing trading.Mistakes are indeed the great teacher because these things will tell us on which thing should be avoided next.Even though we cant perfectly evade it but those things will be helpful all along and as you gain experience you find out these loss are just normal on doing this kind of investment.

[btyco]

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

Sad story, but that is the life of a crypto trader. It is best to follow the whales and not the prices. Buy now i.e. now at the low end of the market, then sell high at the height of the bull run. Giving up now will make you regret it for the rest of your life, keep going and don't give up

[simpleholmes]

just calm down and take a vacation for some days without doing anything regarding crypto because when your emotions mix with your trading decisions you usually end up losing more and more.

[omfg.xekcep]

Every skilled investor was in a similar situation and me too of course. You made a mistake. I consider that it is a payment for learning and experience and it is not a joke I also pay often for my own mistakes after that I feel myself broken. The better way in this situation is to get out away from market and have a break.

[royale143]

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

I think you should study the market more closely mate. What you just did is a classic example of panic selling. If you see that the market is falling down, and it would seem endless or without any light at the end of the tunnel kind of situation, keep your patience. If you would sell while the market is down, you should think and see that it would not give you anything, and it would surely amount to no good. Therefore, you should first try to hold off other coins that you still have with you and patiently wait until such it you can really trade or get rid of it for profit.

[Lanatsa]

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

Sad story, but that is the life of a crypto trader. It is best to follow the whales and not the prices. Buy now i.e. now at the low end of the market, then sell high at the height of the bull run. Giving up now will make you regret it for the rest of your life, keep going and don't give up

Yeah this kind of thing is always been part of a trader not only on crypto but also on stocks and forex traders too.Situations like this cant really be avoided no matter how good you are on doing trading loses will be there specially the market is dumping.You cant do nothing but to wait up and think on other back up plans instead of panicking better to accumulate even more since you do have trust with crypto investment then its your choice if you can still able to handle such risk.

[Fasunathan]

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

Sad story, but that is the life of a crypto trader. It is best to follow the whales and not the prices. Buy now i.e. now at the low end of the market, then sell high at the height of the bull run. Giving up now will make you regret it for the rest of your life, keep going and don't give up

Yeah this kind of thing is always been part of a trader not only on crypto but also on stocks and forex traders too.Situations like this cant really be avoided no matter how good you are on doing trading loses will be there specially the market is dumping.You cant do nothing but to wait up and think on other back up plans instead of panicking better to accumulate even more since you do have trust with crypto investment then its your choice if you can still able to handle such risk.

Indeed, the situations might not be over yet we'll have to face the greatest dip afterall.There were scenario that will put you in the test as a trader, but for me its good to have so you become more responsible on your assets of not letting go with it easily. This is the time on how your patience and self control will be measured evenly, and I am confident that if you're strong enough to handle situations like this no wonder you'll be enjoying huge profit in the future.

[RakknRoll]

In statement that how to know before the dump, the way you can do to know is check the market or the law of the demand in this business, because if you know the basic concept about the law of the demand, you will understand what will happen before the dump.

[vlom31]

I think anyone that entered a position in that 15dec to 31january period is underwater right now.


Mehdi

[Sean25pogi]

Ouch! That is really sucks because having a loss over fourty perscent is really awful moment as a investors but we should stay positive and determined
because it will not always happen, in future income will prevail.

[Umuoji]

That loss is so much ,if I were in your shoes I will prefer not to sell at such a big loss I will hold it for a while because with time the market will surely recover and everyone will be happy

[jmaresca]

Got in at the height of Jan this year and all holdings lost more than half from the previous peak.

Very frustrated and was afraid that crypto will be zeroed out, so sold at massive loss more than 50%+ realized loss

After sold last week, all coins came back up 10-20%, even more frustrated, what to do?

The first thing any investor trading any asset needs to learn is how to disconnect emotionally from Investment loses/gains. I’ve read dozens of books on trading and investing and there is 1 common theme. Emotions cost money. In addition to the fact that it’s not healthy for you. Depending on what coins you are working with it may be best for you to simply hold instead of missing upticks all the time and getting upset about it. If you believe in Crypto like many of us do, your long terms holds may certainly make up for any loss as long as the industry continues to grow. Go long on some of the bigger cap coins and tokens and trade on a small scale to keep in the game and to continue learning. No one is going to say to you, “Buy 3 eth tomorrow at 10am and sell it all the following day at 7pm.” Unless it’s a some trading signals service you paid for and they don’t always get it right either. Day trading is not for everyone so the safer bet would be to do heavy research into many of the smaller cap tokens and see which sound like they have a sound business model and go long with it. Projects that have excellent business models are out to make money through useful products or services so by going long, when that company is making money so will you. Try betting on the businesses success instead of day trading w/ technical analysis. I’m not saying get out of the day trading game completely but with my suggestion you will sleep better.

[aliraza6663]

I think you was not well prepared from crypto market, i recommend you to do some proper research before entering into the market, Never ever allow your emotions to drag you to make decision like these, i recommend you to buy some now and recover your loss .

[givinggirl]

There have been countless lessons on Bitcoin talk on controlling your emotions when investing in Crypto. I have shared my experience too somewhere how I hurriedly sold out a particular coin at exact price I bought and after a week the price doubled. Sometimes all we need is to hodl a few minutes longer.

[DianaZher3]

If you say that you sold most of your crypto currency reserves with a big loss, then you now have nothing to do. You can buy crypto currency again and keep it at least 1-2 years.

[milewilda]

I think anyone that entered a position in that 15dec to 31january period is underwater right now.
Mehdi

Frankly said im one of those persons who do purchase some alts into those periods and im really on underwater yet most of them didnt able to recover up on such percentage but somehow i do control myself and make other ways to atleast almost break even it. Just doing short tradings and make or enter positions lower to close up the gap on such loss. It would takes time and do really need patience and skill for it to be done but if you arent ready to lose up more then its much better to hold because active trades would always been riskier.

That loss is so much ,if I were in your shoes I will prefer not to sell at such a big loss I will hold it for a while because with time the market will surely recover and everyone will be happy

Not everyone would be happy because the market doesnt work on that way on where if theres a high price increase anyone would be happy but on the other side there are investors or traders who do lose up money too.

[mutrang23]

I things so bad, and now everything is not going to be stable again. I invested in Altcoin several days ago at a time when the market went up. But I made the wrong decision, and I lost 60% of my capital, everything was like black.