Panic loss me 10800$ , so patient is the key

[Devawnm367]

You must be one of those people that buys high and sells low. I have never seen anyone make anything doing that. If it works out for you let me know. In the meantime you only lose if you sell 1 BTC will always be worth 1 BTC...

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[Rosilito]

Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you

Wait what you lost 10,800 USD for real. That's big men I can't even think what would be the impact of it for me. That is a huge loss men. It is indeed, patience is the key, it may traumatize people especially when money is kind of big like that. I belive in you, you got to dare to continue even though you have lost such big money. Hoping all people has an attitude like you, hoping again for you that the luck may be in you for not to encounter such problems again.

[gehtrs]

God, I feel very uncomfortable about your experience, which reminds me of my sadness. I lost a whole $50,000 for my panic before, which made me feel very uncomfortable. Now I think Open, because everyone makes mistakes, the important thing is that we miss the mistake to absorb your mistakes, and don’t commit any more

[spritJ]

Yes, investing in the cryptocurrency market needs to be patience. The volatility of this market is very large. We need to maintain a clear mind to analyze this market. Don’t panic sell your coins because of market fluctuations. This will lead you. Loss.

[setialovers]

In every market, we should not panic with our investment when market value drop. Its very normal market up and down but the most important thing is always patients with our investment. Long term investment is wise decision because we will ignore short term market fluctuation

[arkaasay]

I really agree. this is often the case but how can you call the loss while the price increases you do not have IOTX coins at all.

[strtype]

Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you

you did not lose anything because you still sold better than your buy. Don't call that loss.

[Jancuki]

very unfortunate, you have to have a previous plan when you will buy coins and when to sell them.
I think that is the most important plan in investing so you can avoid panic.

[ideya]

I hope you will learn from this incident and will not make a decision in panic in future. Thanks for sharing this with us, if one member also learns from this, your purpose is served.

[andeonnut]

Ya ... gotta be patient and don't over trade, almost nobody aside from margin traders are making money in this market.

[cllo78]

Patience is indeed the key. I think we should see a lot of failures about cryptocurrencies in this forum. There are many cases of not being patient and losing money. I have comforted many people. I think I will continue to comfort you. Failure is not terrible, terrible. It’s a failure, no lessons, and a second time.

[ethereumhunter]

I hope that this time you cannot recover your loss because bitcoin price increases higher now although it still at $8000. and soon, if you keep trying to buy and sell bitcoin, I am sure that you can get a profit again like before. but still, you need to have the patience to buy and sell especially if suddenly, you are buying bitcoin at the high price. don't panic and be patient for a while.

[cityhall]

You didn't even loss a cent, how can you say you loss 10k USD?
So you mean you loss millions USD for not buying bitcoin when the price is under $1?  LOL

[engesi]

Selling your coins too early is a very bad experience. When I see the price rise, I always hesitate. I am afraid that this is another bull trap. At least in the past few months, this bull trap has appeared many times. Maybe I will miss the real bull market.

[mmp95]

Yes, we must have enough patience to invest in this market. When the market falls, we must keep enough calm and not have too much panic. Yes, panic can really make people make mistakes.

[KobbyC]

Dear Members


Recently I faced a bad luck. here the story

I got IOTX from GATE .io 28th of may 196000 @ .00004600 ETH.  Then after one or two hour i sold it to @ .00004800.

After 3 days means June 1st , one IOTX went to .00014ETH. 

if i sell June 1st  196000 * .00014 *590 = 16189$
Investment is = 5300$
so i have lost = 10800$

so in this story if i could wait 3 days , i have profit of 10000 USD. so in this case i am saying please be patient. wait wait. good coins always give a good reward to you

Sorry mate for your loss. I even believe you could have waited for more days to grow your tokens. Selling too early, you will always regret it if only you received a valued token. The question now is, how do you get to know a valued token?

[tulezua]

This is also a lesson for you about investing, you can not know how  situation is tomorrow. There are many people waiting too long to hope for the price increase but it is not right and vice versa. Every thought is different from reality .

[apityeh71]

The best solution for your case is use stop limit order as trailling stop/ trigger order so whenever  the price going  up we can increase the level of trailling stop to lock the profit.  By this way we can make maximum profit when the price going up multiple times, and will not miss big profit.

[SavageBrother]

Patience has always been the key. A lot of my alts have not been doing anything the past couple of months. But I have faith, because I know those are good projects.

[vinceB]

Oh my god thats a lot money but wait cause right now the market price is going up just wait and be patient if your a holder just hold dont do anything thats a lot of money forget it right now i think just you wait