Massive loss 40% underwater

[ivrynx]

I think what had happened to you is very valuable lesson, as well as a very costly one, when it come to investing, one of the basics of investing is buy low and sell high, and from what had happened you seemed to bought your coins during the bull trap, with this move, you need to learn and study further, i think you had ended up buying into the FOMOs, since a lot of said  on december that cryptocurrencies will be the thing that will replace gold and you have invested in coins merely in the hype of the market and forgot to read the charts and see the updates, what you can do with losses is, if you can still try to cost averege do it, so as to prevent further loss in the future or you could just simply cut loss, however for theor coins thst are below 10 sats but the project is still alive, i suggest to just hold and wait till what happens, then you can sell it at a higher pricer preferrsbly higher than your initial, or just even it out.

[richminded]

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!

Well this is what emotion can do to your investment, if you really have no patience and enough knowledge about the market for sure you will experienced this thing. Move on bro, you already made a mistake by selling at a loss and you cannot turn it back better for you to start over again since this market will not stop making people rich in the long run.

[dunfida]

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!

Well this is what emotion can do to your investment, if you really have no patience and enough knowledge about the market for sure you will experienced this thing. Move on bro, you already made a mistake by selling at a loss and you cannot turn it back better for you to start over again since this market will not stop making people rich in the long run.

If someone loses money then someones who became rich or do make some profits and that's how the cycle works into this trading world which as a wise trader or investor we should really stay always wise into price movements. Emotions can really be a big factor that can really affect our trading profitability and might even result to worst case which is losing money. Negative profits do really hurt but you should really resist the temptation on selling on loss.

[otunayode]

The reason you see a lots of folks here creating thread and making boring comment aboult holding is because of situation like yours. If you give up at the turn of market, the regret might stay with you for a long time.

[Gecko8]

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.

I would actually say, take the strongest market caps and believe on them. Make it simple for yourself and buy just some Bitcoins and hodl. The trading Thing I guess is almost like a lottery. You will never find the best bottom or high.

[jonatuzc]

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.

For such reason, it is often said that first go to the learning sites and learn completely about what you are going to do. We people are so hurry and always in haste. We really can’t wait and see the things coming to us gradually rather we have to jump and try to grasp everything in such short time. Such blunders comes in the market when an ignorant person start trading without basic knowledge.

[Hemady17]

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 obvious newbie’s mistake. First thing you need to do is find where your fault is. Know your problem, if you able to find your fault half of your problem is solve. Based on your story the problems you have encountered are you didn’t know when the correct timing for entry and exit of trading. I would suggest studying the TA tools most specially the Fibonacci retracement. These will greatly increase your chance of success in trading.

 You need to let this one go if you’re really want to recover your loss. A loss in trade is very common; but how you would react to those failures is different.

[pawanjain]

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 have done big mistakes for which you have to pay the price. The first mistake you did is that you entered the market when it was at peak. You should have made you research and analysed the market condition before investing in it. Even if you didn't understand the market condition you should not have sold it for a loss where you did your second mistake. Never sell in a loss. You should have hold on to your coins.Never invest in a coin you don't believe in. We believed in BTC and that's we hold it and see the price is rising slowly.

[wolfgang-95]

have patience and research. don't get trapped in FOMO i missed the opportunity too but waiting and watching the market.

[Victorycoin]

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.

If you believe all that, you'll believe everything! Most advice you got here are off people's experiences and who else would you lend your eyes to, than the one, who has been there and done that. You need not just to research about the market, but to comprehensively learn how the market works, that's where you will find if cutting your loss can be said to be a desirable solution or yet another problem!

[Mahanton]

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.

If you believe all that, you'll believe everything! Most advice you got here are off people's experiences and who else would you lend your eyes to, than the one, who has been there and done that. You need not just to research about the market, but to comprehensively learn how the market works, that's where you will find if cutting your loss can be said to be a desirable solution or yet another problem!

Cutting loss doesnt always signifies a mistake for a common trader it would rather be beneficial for you or a true disaster which means this would really be on case to case basis.If you do believe on the project then you should hold on and dont sell if you saw that this would be the best time to exit and getting out even on loss then you should really make such decision.

[shaadsufi]

That is the main reason why most of the people lose money here because they get panic and sell their coins at a loss. Now the market is a little bit down I will recommend you to buy back those coins which are not yet recovered. And after that wait for those coins to recover and like this you will cover your loss.

[billbear]

Keep calm and wait, many of experts are saying that the market will go up soon, your funds hopefully will be restored.

[blue_nexus15]

That is the main reason why most of the people lose money here because they get panic and sell their coins at a loss. Now the market is a little bit down I will recommend you to buy back those coins which are not yet recovered. And after that wait for those coins to recover and like this you will cover your loss.

Current markets are rebounding back and you can see that on the coinmarketcap market there is a very beautiful green. I think the market downturn is over and the current trend is cryptocurrency. Opportunities are coming i think investors should grasp during this time.

[mast3rm1nd]

stop trading! an only invest the amount you are absolutely willing to lose. let it be a lesson for you, what did you learn from this experience? what would you have done differently? you most likely got into cryptocurrencies out of greed and exited out of fear, so you need different motivation and drive to invest. good luck and hopefully you'll recover your loss.

[lienfaye]

For people who are new in crypto world its hard seeing the price decreasing because they think it cant recover anymore so they chose to panic sell instead of waiting. Its a typical mistake of  weak investors, sometimes monitoring the prices often is not advisable especially if you know that you're not patient in your investment to gain.

Well it happened already so you have to move on and learn from your mistake that panic sell wont give you profit, you will only realize its not a good idea if the coins increased after you sell them and you experienced that already thus next time practice to be more patient unless you decided to quit investing.

[Johnyz]

have patience and research. don't get trapped in FOMO i missed the opportunity too but waiting and watching the market.

The market will always dump no matter how good the technology is, so if you missed the train don’t worry there’s another one and don’t forget to ride. The opportunity in cryptomarket will never end, and you better to start studying now.

[BarbusseH]

There is a good principle of risk diversification. Part of the money is in fiat and buy with a strong drop of crypto coins. Part in bitcoins or etherium - they will still grow in price. And the part in alt coins with high growth potential.

[CryptoWorld87]

Patience is vertue thats the motto of almost all crypto trader specialy if you dont have a good skills in trading. That why you have to hold you coins for a long term and patiently wait for a good time to sell without lose unless you badly needed that money and you dont have a choice but to sell.

[multimix]

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.