Panic loss me 10800$ , so patient is the key

[Yalovtsev]

Here is an example of the MTC token he made X35 in a week,and for 1 day almost X10 did,so many people of his bounty who received, merged after some time,and did not wait for such growth,and when he went, they bitten logs that sold for a penny when he grew up and gave a lot of profit

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[Kersh768]

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

Indeed true. The loss is temporary and that is already a reason to be patient and hold. Waiting is essential whenever extreme volatility is being experienced in the market. Some people in the cryptoworld are completely losing profit due to lack of patience and being eaten by panic as what have you experienced. Holding will more likely to result into profit since recovery is always expected to happen.

[pozmu]

I read about it and it's just human nature, all traders "fall" for that, including me.
I put "fall" in quotes, because it's not really a fallacy, it's fear, but it's not groundless fear: what goes up must come down, crypto investments are risky, you can gain a lot and lost a lot.

• If you have an asset that goes up ⇗ you fear that it'll go down and you'll lose your profit - so you want to sell.
  
• If you have an asset that goes down ⇘ you hope that it'll recover - so you keep holding it.

1st situation is FUD - Fear Uncertainty Doubt - I've heard that term a lot here, but it was directed towards people posting bad news about particular coin ("spreading FUD"), didn't know it affects coin holders directly.
2nd situation is bag holding - you can hold coin for a long time and it may eventually recover, but it may as well go to 0 or near it.

Now the problem is that I encountered both kind of situations and was wrong on 2 of 3 occasions - unfortunately, I made right decision only on the least profitable coin - I sold half of my holdings for a good price, then I watched it reaching ATH, then it went down and turned out to be a scam.

Indeed true. The loss is temporary and that is already a reason to be patient and hold. Waiting is essential whenever extreme volatility is being experienced in the market. Some people in the cryptoworld are completely losing profit due to lack of patience and being eaten by panic as what have you experienced. Holding will more likely to result into profit since recovery is always expected to happen.

[Yowlahe]

I can't check the circumstances that I have heard individuals discuss this. Before you contribute you ought to dependably comprehend that holding up is a piece of putting resources into cryptos. You need to ensure that you will be quiet. I am sad that you lost so much money,hopefully this fills in as an exercise to others that on the off chance that they are not quiet at that point its absolutely impossible that they would profit.

[minsokiu88]

You lost but you get your goal which has more value in this situation. Dont too focus on your loss.

[babaya]

Here is an example of the MTC token he made X35 in a week,and for 1 day almost X10 did,so many people of his bounty who received, merged after some time,and did not wait for such growth,and when he went, they bitten logs that sold for a penny when he grew up and gave a lot of profit

bounty hunter that sell their token early maybe regret.after listing in market much holder their asset , meanwhile price keep rising.and even reach x35 from ico price.it can be experience for us.

[toop548]

When we invest in the encryption market, there will be some errors. We can't be perfect. And when we are in the cryptocurrency price, don't have too much panic. Because panic can make people wrong, it may prematurely sell the cryptocurrency in their hands.

[Catmurs]

Well, of course you're lucky, unless of course you know how to trade , and others who do not know how can not be so lucky

[Q2kc]

3 days? wow, same story here, my story about trading like yours instead of 3 days mine happened in just 24hrs, last year around December, I bought a coin at exchange price around $0.5, bought  700 coins, because I don't have any money that time just a beginner in trading after I bought that coin, I go to sleep when I wake up that coin pump to $34, that is the most shocking loss in trading in my entire life, but that coin is a Lending coins like bitconnect, but still a profit tho if sold it at $34.

[Barbarian]

Shit happens brother. In proper business, patience is always key and we let to have a lot of it to prosper especially in this crypto business.

Being a patient person is probably one of the most rewarding personality traits that you can have in this market, many people think that you need to have an incredible ability to see the future or to be a very skilled trader, but if you can wait for the perfect opportunity to buy and to sell then you will make a lot of money in this market.

[blacktux88]

thats the f*** problem with crypto..
if you panic you lost lot of many .
i have lost 1 btc with this kind of panic =(

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

[ValerKat]

Not only panic make people do wrong things. I was very self-assured and finally lost 0.5 BTC. That was my the most stupid decision. I have bought for BTC one new altcoin. It seemed to me so perspective but finally scammed,  and now I have no opportunity to get back my 0.5 BTC but have this coins...

[hardinero007]

technically it's not called 10800$ loss.  it's more of missed opportunity.  life is all about that.  if you are going to regret every lost opportunity, you won't be happy in life.  treat these as missed opportunity and learn so next time you can do better.

[jakiro.hovard]

It is a pity that the money is wasted, but I'm afraid we need to understand what exactly we need to begin with. We must learn to use our patience correctly. Everyone just does not have it.

[xbiv2]

missed opportunity

It is not about altcoins

[Michail9090]

The most important failure is panic fear, when you think that everything will fall and it is necessary to merge everything. There's patience for these things.

[mobilezz]

The mistake of many, with the first successes to think that everything will continue to go smoothly, eclipsed your sense of danger here and it turned out that you lost. So in the future you do not have to hurry, and keep track of all the actions beforehand before acting.

[Pecunia non olet]

It is really hard to predict the price. You should be thankful that you didnt lose your money.
Because it could be vice versa, there are many altcoins holders who are talking about diffrent problem - that they didnt sell their coins at ATH price. And now they are loosing a loot of money.

[satgoldan]

Not always, it only works in the long run or if the market is unstable. I came across cases when the coin died before my eyes and did not revive. Therefore, we should consider only special cases.

[saekotye07]

patient is really need in this if you really want to earn some great profit.. because if you have patient you can guaranteed and assured your coins or tokens in the great price value in the future always remember that the price value of every coins and tokens are volatile..