Panic loss me 10800$ , so patient is the key

[lelou]

You didn't lost a money in fact you profited. What you lost is the opportunity to profit more and I think a missed opportunity is better than losing money.

[udayantha11]

You didn't lost a money in fact you profited. What you lost is the opportunity to profit more and I think a missed opportunity is better than losing money.

Yes its miss of oppertunity. Not a loss. I have to correct the word

[l10no]

Yes, that is the most important lesson in trading, patience is the key to success of all things, if you are more patient 3 days, then you will get a profit that is more than expected. Hopefully this is also a lesson for everything

[Crypcar10290]

In that way a lot of people is losing a lot of money. Patience in the key, if you invested in a good project, do not sell when the market is down, just hold it that the market will recover eventually. Panic selling is the worse to do as you will end up losing money, so invest and wait until reach the goal you are aiming for. After I invested in some altcoins I decided to stop looking to the charts and to my portfolio, until the market recovers because I want to avoid panic selling and hodl my coins without any burden.

[Javathon]

Battle of emotions and clear thinking. You sell, you will lose. If your investment went down, just hold, time will come that its price will go up. The market is continuously expanding so just hodl.

[0t3p0t]

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

I also got something like your story because way back January 2018 I got SXDT that worth less than $20,000 unfortunately I don not know how to trade during that time and sad thing is that a correction had happened and  prices plummet like hell and the market turns red until the time I laerned how to trade it all worth  like $4,000 and I didn't wait for a bounce back and sold all of it.  Lesson learned, patients is really a virtue. If only I wait for the good timing.

[developer4z]

you are WRONG about everything.

first of all from your  comment it is obvious you are gambling not investing.

secondly you have made 4.3% profit in 1-2 hours and you are complaining about this profit?!!!!!!!!!!!!!!!

third you have to think about it this way:
if you randomly help this coin and instead of going up it went down to 0.00001000 ETH you would have lost A LOT OF money.

and finally you made a huge mistake of not buying back when you saw the rise. in fact when you sold this shitcoin at 0.00004800 you made a solid good decision and you made a solid profit. but then you saw the rise days after that but you did nothing and just stood by instead of jumping on the pump wagon. THAT is where you lose opportunity.

ps. as you are complaining about this random shitcoin, there are at least 6 other shitcoins being pumped today that you are also missing out on making profit there....

Exactly my thoughts!

Gosh, thats crazy too he sold it in under 2 hours. With good crypto coins, you can safely hold them for 6 months or longer. That's when you'll see the real returns.

[moeth]

Wow, it is true, you may be too anxious in life. Have it? The reason for fear is because of caution? Then I believe that even if you missed this, you will still encounter better. Because I think you are a cautious person.

[Baoo]

Well,  I think that all major losses in digital currency are due to rushing  choices especially  at difficult times ( Pump, and big drop ) and it is not the end of the world if  you lose a large proportion of your money and believe me , you can learn from past mistakes and compensate the  losses with great profit. Just accept the truth ( Loss ) and deal with it in a smart way because the acceptance of what happened to you is essential in any field and it may help to overcome the crisis of the failure.
Furthermore, it is certain that patience is the key of success in the field of cryptocurrency but unfortunately, many traders are impatient and they want always a large profit in an easy and short time of period.

[iluvbtc]

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

I would say nearly 100% of people who have been in crypto for over 6 months has a similar story. Yes, patience will be key. You want to be in the market when the explosion happens. It is coming.

[alt-fire]

yes panic is our enemy. I sometimes lose this enemy . you need to read less news and watch prices on the exchange

[abitgelluh]

you buy at 00004600 ETH and sell 00004800 ETH only get a little profit but you fail to earn $ 10800 profit so I think if you don't lose anything here .. you just regret to have sold too early

[Nevermind344]

I myself often failed to panic when I saw the red candles for several days in a row, listening the screams that bitcoin would drop to 3000 dollars and all will be lost. But, really patient is the key, panic sell - its pure evil!

[Axetrd]

Do not let your emotions to control you. It is probably the worst you can afford for yourself in trading and investing. Everyone have story like yours, and we should learn from the lessons like this. Just be strong, crypto do not like "weak hands". Do your research, choose real projects and be sure about your decisions. That's how you can become millionaire.  

[edgycorner]

Well, the market can swing either way.
Your coins could have gone bearish too, anything could have happen.So need to keep regrets .-.

You made profit in an hour and thats really good.

[johnokeefe09]

Yes it is possible and happened due to FUD. Just ignore it .Be practical and more calculative rather than being speculative. Hold your patience on time. Time reflects the best part of life. So time will say you what to do. You just need to wait and analyze to take the best decision at right time.

[SixOfFive]

Yes, patience is the key to succeed in crypto market. The crypto market is highly volatile so the ups and downs in the values of cryptos are natural. But people nowadays are completely out patience. They panic so quickly on seeing their investments falling. They just don’t realize that by panic selling they are actually contributing to the dump and making the conditions worse than before.

[Gab20]

It is true that only patience can make you to wait and have your profit. I have also learn my lessons from several experiences. There were some tokens i sold at the wrong time, just because i felt they would dip again. Could you believe that most of those tokens never fell to the price i sold them.

[hheight]

You don't lose when you sell at a higher price. Profit is profit, no matter how much. I would use the term "missed chance". Howbeit, the main thing to learn from this.

[wvizmanos]

To the OP, i think you still gained when you sold them at a higher price. But you obviously did not maximize your potential gain when you sold them in a short span of time. What's important in your story is that you realized your mistakes and hopefully you will learn something out of it. Don't worry there will be lot of this coin and this time add a little patience when you find and invest in this new coin and see where this could less you. Good luck.