55K loss, how to get back into the game

[evanescence]

My suggestion would be to learn how to short and when to short.
One trick ponies like permabulls are always going to lose money.
You need to have a versatile skillset so you don't repeat last year's failures.

[FerWhite]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

I recommend platforms where you can obtain passive income.  There are already several working, but you have to be careful because if you do not research well you will also find many scams. I recommend a platform called EVOAI, I have researched a lot and I think that right now it is one of the best options to invest in crypto. EVOAI will have trading bots and a trading academy. One of those bots will arbitrate between exchanges and pay a daily ETH benefit that you can instantly withdraw to your external wallet or you can re invest to get more and more profit. Not only do you have the option to use the  bots, I also believe that EVOT coin will multiply its price in the coming months as investors will keep their coins to use the bots and will only sell them if they find a good price. . I leave here the website in case you are interested:
https://www.evoai.network/

[Sanugarid]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

There are many investors who are losing bigger amount of investment due to the continuous market downfall and they are choosing not to sell despite of lack of assurance of the recovery because they will permanently lose their losses. Holding will still give them a chance to regain their loss once the market value starts to recover and they just have to wait.

[longyenthanh]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Unfortunately, there are a lot of people in a situation like yours. What you do, mainly will depend on the financial situation you are in. In your place (if you do not have to) I would keep and wait for better times.

[trobbert]

I suggest you to buy ethereum with 4x leverage and then you have chances to get your funds back in case your position won't be liquidated.

[JofryTheKing]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

I think the turn will be either in 2019 or early 2020. Now it seems that it is very far, but in fact time will pass unnoticed. I think that active growth will be around 2021. Do not worry about what you have lost, later you can get more.

[Oceat]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Is this the total amount of your portfolio? Or did you sell some of it and now left a terrible amount?

If yes, then you aren't alone buddy, i think most of us did the same as you too. Thinking that the market would bounce back during its drop but we are all so wrong because it did not but instead it bleed most of the altcoins in the market including Bitcoin.

The only way to survive from this bear market is to hold and accumulate as much as we can and sell right away when the bull market starts.

[johnthree]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

There's a stock investor who's a trillionaire.  And this is one of the most important tips that he has ever shared.  And I use this exact same tip when investing cryptos as well, and I have been profitable this year.

First let me use this example.  If you invest in a stock, or buy a coin / token, at $10.  We need the value of this coin to go up over $10 before we can then sell it, to make a profit.  The value may go up in one day, one year, 10 years, or it may never go above $10, and may actually drop in value.  Because of this, you can be left holding bags for years, or sell at a loss.

HOWEVER

If the company you invested in has profit sharing, even if you hold a stock / coin for years, you can still get regularly paid, or regularly receive a share of the company's profits.  

So this is why I only invest in a company, or will buy a coin / token, if I can regularly receive dividends.  So even if you're left holding bags for years, it doesn't really matter, if the company is still going pay you regularly. It's hard to find a good and legit company that pays out dividends.  In addition, you want the ROI to be fairly high, so that it's worth your investment in the long run.  With that said, a company I recommend and have personally invested in is https://www.evoai.network/.

[Weeker]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

You could still return something and maybe even everything, but have already given up and fixed their losses, will have to spend on investment at times more to recapture losses, but this is not an option

[Btc_1856]

Every person who invests at the high value are already in huge loos and which it is impossible to recover the loss at the current situation of the market. There is no choice for us until the market starts recovering we have to wait patiently in order to make our investment back.

[ecnalubma]

That’s a huge loss but were on the same boat, crypto is such a terrible investment but also has big rewards. Its not worth selling an asset that lost almost 90% of its value and almost worthless but as long as the project goes on and survive there’s always a chance for recovery when the market is in good shape.

[Muzika]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

The best thing to do is just hold, 55k is a huge amount if you will exit the market then you will no longer a chance to recover your loss so it is better for you to hold that coin, or else you will do trading even the profit is not that much atleast you are recovering.

[btcdevil]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Until unless you have not sold the coins and booked loss you still have chances to gain loss, if you can wait for market to improve. If you get some investment then buy in current price and average your buying price. This is the only best option for you.

[jossiel]

Every person who invests at the high value are already in huge loos and which it is impossible to recover the loss at the current situation of the market. There is no choice for us until the market starts recovering we have to wait patiently in order to make our investment back.

I wont discourage someone who is in big loss and use the word "impossible" though you are right with the current market situation but that word doesnt really fit and it wont help someone whos trying to look for a reliever.

And he cant just hold, he can accumulate more while waiting for that recovery of his losses. Its the best idea that someone can do but there are some conditions. If he doesnt feel the market anymore, he wont buy more.

[glowing10]

My suggestion would be to learn how to short and when to short.
One trick ponies like permabulls are always going to lose money.
You need to have a versatile skillset so you don't repeat last year's failures.

Shorting now means you are just going to make loss as market is already low and it is going to rise from here and going to make big gains in coming time . So ideally buying for long term will help you to recover your money as quickly as possible and also invest in best coin only .

[arpon11]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Sad to hear this but that is the nature of this market.  I believe you buy those coins when you ought to sell.  If you buy into a coins at the wrong time there is no way you will not lose money and investment is a serious skills ventures, you should not have put that type of huge amounts of money into coins market at that time that it is overbought.  You should also learned how to cut lose early in other for it not to run the way it happened.

That’s a huge loss but were on the same boat, crypto is such a terrible investment but also has big rewards. Its not worth selling an asset that lost almost 90% of its value and almost worthless but as long as the project goes on and survive there’s always a chance for recovery when the market is in good shape.

Cryptocurrencies market is the same way as stocks and forex market.  It entails a very high risk as well as a high rewards if it goes your way.  I also believe that op can get his investments back during recovery.  Remember that the future is highly bright and those that can be patience with the market are going to recover what they have lose in the past.

[Bytem3]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

Invest only in good projects with a serious product that does actually have a use case and people are already using it. For now, I'd stay with Bitcoin and Binance Coin.

[s1lverbox]

Folks, what a terrible year 2018 has been so far. I invested around 60K and now left with 5K. I did terrible mistakes and I hope there would be a turnaround sometime next year or so. Any suggestions?

It's not a loss untill you sell.

[Dragonrage201]

Cannot go back in time to change it so best to wait it out for the next big rise to recover. Good quality coins should recover back fine over time.

[sockpuppet1911]

Borrow another 55k in the bank then and invest now if you want profit faster.

Sound advice haha. Seriously though don't get into debt. It's a lot worse than being broke, being broke and in debt. I've been there.