Massive loss 40% underwater

[1Referee]

The answer is: take the lesson and learn from it. In crypto it is quite frequent to lose up to 90% of the value of your portfolio, but then, you really lose only if you sell.

Not sure what shitcoins you invest in, but if your portfolio frequently loses like 90% of its value, you are doing something horribly wrong, and don't actually learn from it since it's happened more to than once.

The only thing that makes sense is that you only lose when you sell, but that's not something people think about because of how fiat centric they are. In the same way, you only book profits when you sell. I have various cold wallets that throughout the years have gained on-paper value, but what's that value worth when you aren't doing anything with the coins in the forthcoming years? In other words, there is no difference if the coins are worth $100 or $20,000 like last year's peak. The only consistent aspect of your investment is the fact that you always have the same number of coins no matter what. It's an important mindset that will help you achieve your goal, but only a very few people have that mindset.

[Victorycoin]

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

It's obvious OP suffered from FOMO and then FUD as a result of his lacking of sound trading knowledge and experience, so urging him to brace himself up for yet another bout, bodes him no good. What to recommend to him, is to do the needful, which is to learn first, so to be able to earn later and going forward.

Most experienced trader knew as at December that the market was highly overbought and a reversal was most likely, so they knew better to sell then or hedge their open positions than to buy. Also the market have been oversold in recent times, as such, selling your coins anymore can no longer be a wise decision, instead we keep buying some more. That's the kind of edge a trader comes into for having the right trading knowledge and experience.

[omonuyak]

You could have not sold out of fear of losing your value because bitcoin is going to recover very soon. I just believe that many people buy bitcoin at the wrong price and that is the reason why they are selling out of panic. To sell at this moment is taking business decisions and you should not sell at lose when the future is very bright.

[Manchumichael]

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?

40% loss is not a small one its really a big loss and I think should be taking some break from the trading market so that you get recovered from the loss both physically & mentally.But I think the major reason behind your loss is that you didn't plan your trades well and you didn't use a right & major stop loss to your trades in order to protect your capital and because of all that the loss has incurred.Now there is no point in seeing the coins recovering from the bottom again after making a loss and I request you to better not to track anything and take some break from trading as there and then come again with proper practice and planning.

There are instances on where how hard we do make plans we do still able to experience this kind of negatives due to very unpredictable market on where prices can go into opposite directions towards on what we order.40% deduction or loss in our entire portfolio is not joke on where you would really panic specially if you did put up your all funds into investing.In this case you should hold on because when the market is starting to recover we would see recovery or deduction of our negative as well.

This the problem with new traders they will not do proper research before investing and they will not ask suggestions from experts before taking panic decisions, after everything they will suffer like OP. I am sorry for your loss you bought coins at ATH no issue but you did panic sell that's the problem. Don't ever get panic when price suddenly drops I think you already understand how this market works am i right.

[Ararbermas]

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?

sorry mate but you already sold it and indeed there's no other ways to regain your losses on it , unless if you can afford to buy now 'cause the price seems to grow soon due to some positive news nowadays. Or wait for it to drop again before buying , and always bear in mind " must buy what amount you can afford to lose, " to avoid regrets at the end also you must control your emotions for the sake of your money.  By the way long term is the best choice mate when it comes to investment in different kind of crypto, except if you have enough knowledge how to ride the waves.

[dharnamonitor]

That's worst haha to think that you loss more than a half of you investments, seems you entered something you're not very familiar with and got panicked. Before you decide to trade you must first learn by using a demo account and read some people's experiences on trading that you might also encounter.

[Scallywag]

you need to do more research on investing in crypto because you made one of the most common mistakes that are warned for everywhere. you panicked and sold your stash because of that, while everyone who has an idea what they are doing already go their money out or are just waiting it out. because this crash has been said to come since december. you probably sold your coins to someone who was smart enough to sell high and buy back lower, this is the game and you need to learn what is going on if you want to recover some losses.

[squatz1]

Here's what you have to do. Avoid all of the advice you see on here, see what your risk tolerance is AT THE MOMENT and then decide what is best for you. As there is really only two decisions right now, you have the decision to cut your losses and get whatever you can back (writing off the rest for tax purposes) or holding on and seeing if you can recover.

Do whatever you CAN DO, no one else can help in this decision as we don't know you.

[cheeseandcrackers]

Learn to diversify what you invest in.  Investing all into one thing is kind of a bad idea unless it's pure bitcoin, ethereum, or any other top coin, and even then still ill-advised.   On top of that, you need to learn to cope with losses and fluctuations in price.  Bitcoin will likely regain it's value eventually.  If you don't have the patience for that sort of thing, you need to change your trading strategy, or just stop altogether.  Just dump some money into a few different coins and forget about them for 6 months or a year or more.  Make sure they're projects you believe in, that actually have a future.  Just let it go.

[SupplyBloc]

Learn from it. It's said to only invest what you can lose because that helps take emotion out of the equation.

[wuvdoll]

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?

You will always end up more frustrated if you do not hold as long as you are not a trader. What on earth is wrong with you guys? Why did you come in to invest in the first place, the quick gains or the long term benefit ?

As long as you cannot trade the market and you are not sure of what you want to do as a trader, hold until you see the huge value in the long run. See it this way, we have the same high level of fluctuation early last year and bitcoin even traded below $1000, but here we are testing around $9000. If that alone cannot give you a clue of what the future holds, I really wonder what will.

[richcorner100]

You have to buy back soon before next bull run coming, and chooce coins that has massive potential and has big volume transaction. You have to learn more about technical analysis, because you just make mistake by sold the coins on oversold area. When price in oversold area that mean very possible the price will be going up.

[gabmen]

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?

You will always end up more frustrated if you do not hold as long as you are not a trader. What on earth is wrong with you guys? Why did you come in to invest in the first place, the quick gains or the long term benefit ?

As long as you cannot trade the market and you are not sure of what you want to do as a trader, hold until you see the huge value in the long run. See it this way, we have the same high level of fluctuation early last year and bitcoin even traded below $1000, but here we are testing around $9000. If that alone cannot give you a clue of what the future holds, I really wonder what will.

Those who panic just want a fast profit, they might not yet know that when they enter crypto mostly they need to put patience. Soon they'll be able to know it more.

Well the problem here is the reason why they entered the market in the first place. There's no one to blame but yourself dude. A lot of people made the same mistake and paid the same price. Its an investment. You don't get in because of hype because almost certainly you'll end up with a loss. It would take huge amount of patience to be able to wait to cover your losses

[Supercrypt]

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.

The OP panicking and trying to play a trader when he is even finding it hard to be a real investor will only end up flopping badly in the long run and end up letting emotion play the best part of him into the worse ones.

The reason we always clamor on holding is not because we want people to lose, but it is because panicking will not help them and trying to trade without having any trading skill or knowledge will not help them either. In the long term, the market always comes back better and that is all that matters.

[malikusama]

I think you have learned a lesson that don't panic during downfalls in cyrpto world, don't worry many beginners do the same in their early stages because not all have ability to stay calm.
I will suggest you to learn about the market and observe it for around 2 months so you would be able to analyse the market.
The last downfall was the best time to buy but there is still potential in the market to rise more, so if you really want to earn big then buy now and leave it until the price reaches the new ATH.

[danherbias07]

A hard place into where you at right now. It will be harder to trust again and invest.
My opinion? Look for another option. One example is an ICO's. PundiX is at good start now. Every investor already gained x4 of their investment and I didnt even add up those bonuses they received from pre-ICO and also the monthly airdrop for those who have balances in their wallets.

Try to look for the service that you will prefer so that you can support it easily when it comes to the telegram chat.

[Whosdaddy]

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.

Yeah, shit happens, he has made a huge mistake, but all hope is not lost. The only time anyone is losing is when they sell at loss and as long as they are holding, the market will always recover. My advice for the OP is to buy back and just hold on to what he has.

The market will not just grow in a single day and if he has money he should buy more at the dips to get the best when the market recovers. However, trying to get the best of the fluctuations without any knowledge of trading is a terrible thing to do and that would even lead anyone into more frustrations.

[elbimbo012]

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?

Crypto trading is more riskier than stock trading and much riskier if you are newbie in trading market volatility of price are very unpredictable huge move up and deep fall down i suggest to invest only in top 10 coins and just hold for long term  just be patience cause market may recover soon and that would make you more dis appointed seeing your coin slowly recovering but you have already sold all your position. it would serve as your learning experience to become a better trader someday.

[ItsEzMkay]

Unlucky timing buddy, but the best thing you can do for yourself now is dust yourself off and learn from it. It will hardly help being angry or frustrated and it will be a long road back to gains but if you put in the time and effort, you should be able to make it back!

[Tomik21]

Perhaps your behavior suggests that you have too little experience for such investments. You can try again with the smaller volume. But I'm not sure that bitcoin has already started to grow steadily. It could still happen again.