Massive loss 40% underwater

[btctalkid1]

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?

[1714643068]

1714643068

[aardvark15]

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?

If you don’t have the stomach for trading or even watching the fluctuations in the prices, I recommend one of two choices:

1) Find a few cryptocurrencies that you think have potential. Buy and just hold long term for maybe a couple of years and you may recover your losses and make a profit. I recommend that you buy top coins like Bitcoin, Etherium, and a couple of others in the top 10 of market cap.

Or

2) Just accept your losses and move on.

[apityeh71]

Look like this is first times you bought crypto, if you bought popular crypto and now the price drop 50% you have to wait extra patient for bullish trend because will be any times for that. And now Bitcoin and other crypto look just started to bull run so get it and hold it in a few month to recover loss and if you dont buy back again you will forever in loss.

[BarbusseH]

50% is relatively small compared to others - you bought good coins, you do not need to sell them, after some time prices return to peaks and are likely to exceed. I myself in such cases say that I lost money, but I gained experience.

[Kolly]

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 that you were one of those people who panicked because of the downfall of prices. If you want to recover your loss then invest again but i hope that you do learn from this experience.

[buwaytress]

Year-on-year. Just think about that for now. You're probably fortunate you bought in at the time you did instead of a couple of weeks or so earlier. Everything is about perspective, and the perspective for Bitcoin is time. You've seen it for yourself now, haven't you? You sold barely three months after buying it. Look around you, in this relatively short time frame, Bitcoin has been good to people willing to have patience, while those who couldn't wait have been stung repeatedly.

aardvark puts out a really good point too. You've got to have the stomach for trading. Bitcoin markets are scary as hell to watch.

[LodisMcguire]

Well you have to experienced it sooner or later,so it's good that already happened.Now you got the understanding that crypto business is full of risk and you can't play it short term.You have to start over and don't make the same mistake again,start invest now and wait for the price to reach new ATH.Just hold and wait and don't you ever cutloss.

[nidacoinlove]

It is a dilemma with the new Bitcoin adopters. People just threw their money in it when it was at it's peak in December and then January but when the price came down; they didn't look at the past and sell. History is very important to know for Bitcoin investors. Its price fluctuate faster than anything, you will never know where exactly will the price go. All you have to do is to wait for your time, if you have the guts to bear pressure. If you want to cover your losses you still have time to return to the game and if not, then just stay outside.

[willnotwas]

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?

Nobody said this would be easy. After all, people who invested in crypto in December 2017 must have known that there are a huge risk to end up with nothing. Regardless, they invested their savings and funds borrowed from banks. God is their judge.

[aoluain]

You suffered initially from FOMO (fear of missing out) and bought too high
And then suffered from FUD (fear, uncertainty and diubt) and sold too low.

I would also recommend if you have the stomach for it to get in again with
coins in the top 10 of coin market cap and look to the long term.

If you cant trade, dont

[Leonard2016]

rule number 1 : never invest the money you can't afford to lose in cryptocurrency.
rule number 2 : it is a jungle out there you need to be very careful.
rule number 3 : trading with out putting stop loss is like jumping without parachute

well the good thing is that at least you have learned something , and let's hope you use these informations for future .

[lablab03]

That's is the common problem when you're so greedy and so hasty to earn more with it. And now your lack of idea how to ride back again, so leason learned pal and always bear in mind that selling while you have loses is not a good idea . And you must put some patience on it if you want to gain profits instead of losing money from it.

[MinerHQ]

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?

Firstly you entered at a wrong time this market but anyway we can't guess which is a right time and which is a bad time. But if you don't sell then you don't make a loss because current losses may be a temporary one and once markets recover then your losses also recover back.

Since your a new to crypto investments so your not used to this high volatility market and sold in a panic. This has a good learning for now. I think still you may get a chance to enter the market again at a lower than your sold prices. Next time don't buy all at once instead spread your buy orders.

[taiwww]

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?

There is no point in asking what to do now because what you should have been doing is already gone! I mean the hold stuff I am talking about which every experienced person here will tell you in the first place and you can see the result in front of you. If you would have stayed calm and took the decisions patiently at that time then you could have easily grabbed 50%++ in net profits and would have been enjoying your different story telling everyone how you made more money from crypto.

Now you can just keep whatever you have as it is and hope for the best that the prices will spike towards an ATH rate like last year. That will bring you to the break even I guess.

[Aprodite]

My advice. before you sell bitcoin, you should look at bitcoin prices a few years ago. because bitcoin always experienced a price correction after the increase. the mistake you are making right now is to sell when bitcoin is still experiencing a price correction. and for now, all you can do is hold and be patient. Never panic when prices start to decline. Do not be too affected by the bad news that is in circulation. Because it will only trigger your panic to sell in low price. Believe me, that bitcoin price will rise again.

[bitcad4u]

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?

Trading is best for long term.If you don't have patience.Just get out from trading.If you have a patience,I have one idea for you.Just inverse in some of the potential crypto currency.Some of the trusted crypto currency are Bitcoin,Litecoin,Ethereum.
You have to check bitcoin price only once or twice in a day.Then you won't get tensed by the small fluctuation.

[Kingofbitcoin12345]

I think that’s one of the worst scenario that an investors have experienced and that’s a bad decision making strategy.. The execution in buying at higher price and selling on a lower price is the opposite of all what a good investors does..

It’s done and we can’t change it,, but you have to learnt something out of it.. And acceptance of mistakes is good start to studying the market again from top to bottom..

Remember this: You might have loss money at this process,, but you have the chance to profit big to replace it.. From now on,, do the right thing.. HODL till the end..

[airdropan]

its called experience
its okay i even loss more than 80%
that on nxt , i lost more than 0,4 btc at that time
but its okay lets move on then forget it

best thing after that i just looking for good ico then found 1
i got recover from that
maybe u should do the same
look for some good ico

[Ninciabr]

For those who have been trading for a long time, this is a classic situation and everyone gets into it from time to time. You can start buying again a little bit, but don't sell until you grow up.

[firemagus]

Ouch. I personally cannot sell at more than 50% paper loss. I know it is is unlikely to go all the way down to zero so I just hang on. Your emotions and fear definitely got the best of you.