I GOT BURNT TODAY

[maydna]

The title suggests that OP completely lost from margin trading. Anyway, do not despair because this is not the top of the market yet. Do not sell unless you badly need the money. best of luck in your future trades.

I hope OP doesn't sell his bitcoin if he cannot make a profit and still hold his bitcoin until the price increase. But if he cannot hold any longer, then he should receive losses from the selling which we are not recommended to sell now. But if his trading using margin trading, then I think he can close it right away and search for the chance to enter the trading and try to make a profit from the trend.

The margin trading is not recommended for the beginner because he needs to learn more about trading so he can know where the price and the trend movements so he can enter the market. It is better to use free money to trade, so he doesn't have to feel sad if somehow he gets losses from the trading.

[maxreish]

You have to learned that entering hastily will not bring you any good. FOMO is something we should disregard if we are a serious traded but of course experience is our teacher here. There are two choices you have to choose, it's either,

• Set stop loss and exit at current price to save at leastn70-80% of the fund, or
• Hold it and wait for the market to recover until you get back your entry amount.

It's all depends on your decision. Remember that learning technical analysis is a big help for entering and exiting our entry.

[semobo]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

You bought it right,so the next phase need to be hold not to think about selling.Too less time period to predcit anything about the prices.

You atleast invested now oe the price may reach $20K in the next month.

[dmty.0809]

What are you afraid of? Isn't this good news that bitcoin is bouncing back. Don't be left behind by a good moment. Bitcoin has successfully entered the market for $ 11,000.

[omonuyak]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

you buy at the wrong time but that does not mean you are going to lose your investment fund but you have to be patient and wait for a little for that to happen. It is good we use technical indicators in finding if the coins are at the overbought or oversold areas before making an informed investment's decision.

[Ridwan Fauzi]

FOMO is not always bad when you to start invest with such condition. I guess the investor bitcoin or a newcomers of bitcoin will not find a loss with one not he has a high patience. I mean when you buy at the high price such as at this time then its price goes down dramatically then you have to be a holder. I think there is a people who buy bitcoin at $20.000 and it's an ATH so far and the price went down last year but now they have a high confident to get money back even they have an opportunity to hold it back until its price goes up more then $20.000 because there are a lot of analysist which stated bitcoin price will find another an ATH last year. This is a benchmark for bitcoin holder lr bitcoin investor,  a high patient will play on this field and will determine getting losses and wealth.

[izanagi narukami]

I've trade on crypto over 5 years and I'm long term trader.
If you're sell now, you will lose but it's depend on how much you can manage your loss tolerance.

My advice is just keep holding on next 1-2 years, PROFIT guarantee !

[tonyja2017]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

You have purchased BTC at the premium price. But don't worry, there will always be a correction after a series of green candles appeared. that is the normal fluctuation. If the price of BTC exceeds $ 11k4 and $ 11k6, with so many people buying BTC, I believe that the price of BTC will soon increase to $ 16k - 18k $.
The graph of 2019 is quite similar to 2017, we should also have hope that such a bubble will take place again.

[buwaytress]

Don't worry, you're actually just entering at the same time as guys like this: https://twitter.com/BitcoinBosco

Basically, price is now moving towards their entry points. So you didn't get burnt at all, my friend. You've just joined the others who got it at that price. They held for 15 months ++, you have the benefit of at least not having had to wait that long;) Don't worry about it, fomo is fomo but you got your BTC!

I'm not guaranteeing profit in 1/2 or any amount of years, no one can or should, but you're one of us now =)

[Ucy]

How do you know you entered at the wrong time? What if price had kept going up?  I think you are probably trading the wrong way. You need a good trading plan and stick to it.  You wouldn't be trading the wrong way If you have everything planned out

[ryzaadit]

This thread creating before the disaster, them i was really remember went bitcoin at $3.000 and a lot of people FUD about bitcoin will enter $1.500 - $2.000 now they all missed the boat and entering the market with a FOMO price. TA wasn't really doest matter, from my experience FA more good than TA, because FA News will effect on the TA and TA will confirm the movement of the price.

[JohnBitCo]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

How much money did you invested in bitcoins at 11K ? If you have the ability to hold, you will be in profit soon. This Bitcoin rally may go up to 13K or even 15K so you maybe lucky this time and may get opportunity to sell in profits in few days time.
For future, never invest in fomo as this is the basic mistake which is done by majority of bitcoin traders and investors.

[gentlemand]

How much money did you invested in bitcoins at 11K ? If you have the ability to hold, you will be in profit soon.

All depends on whether it's margin trading or not. If it is it's possible a modest move could vapourise it all.

It's bonkers how casually people take it up, especially newcomers.

If he was wise enough to avoid doing that then the chances are that he'll be absolutely fine providing he sits and does nothing.

[Kiefner]

You should not be afraid and worry. Bitcoin will be able to rise much higher and you will just have to wait for this moment. In no case do not sell it. Otherwise you will definitely lose your money.

[shimbark123]

It's okay, don't stress yourself. You can recover it for sure . Just be positive. There are a lot of good news coming dude. You SHOULD NOT SELL YOUR HOLDINGS! HODL IT. We've been in this situation before and rest assured, you can also survive this. Just forget about the drop and forget about selling it.

[superscommessebitcoin]

I certainly sympathize with you. Losing money is always very unpleasant. But in your case, there is no reason to be afraid. You will be able to recover your loss very soon, because in the future bitcoin will definitely grow even higher. Just don't sell it now and wait a bit.

[Oceat]

You can still get your losses since Bitcoin is just starting and since we already stepped at the $10k now then the new resistance level is just around the corner. At least you know your fault and it could be easy to identify it the next time you feel that you might get burn. This hyped up price which is pushing beyond $10k just to attain a new level will eventually gonna fall in no time.

[Thanasis]

You did the right thing,you can see now the prices are again climbing so don't cry for small price fell even if it is large.Just trust the bitcoin and it will pay you off.

Now on the march to $11,000 again.hopefully another resistance will broken at this swing.

[leowonderful]

Yep, if this is a margin trade that's not a particularly wise decision as FOMO usually leads to a bad entry and thus potential liquidation depending on the leverage used if there's no stoploss set for the trade. If this was a non-margined trade, sit back and wait. You're fine if the latter is the case, if it's the former then set an acceptable stoploss, preferably a market stop, and hope you don't get burned from this and learn for next time. You don't always have to be trading, if you are ever unsure then do something else.

[stfN2128]

Surely. i entered the market at its peak.  . i doubt if i will survived this epic move of mine. btc was at 11,000K. i never checked TAs and just entered. i pray i recovered my money back. actually, it was FOMO. to be honest.

What means you got burned? did you bought btc or just made margin trading? if you bought btc maybe it wasn't the smartest move but holding for longterm isn't a bad idea...
if you do margin trading without any strategy and experience.. please stop it. it makes no sense for you, its waste of money.