LOSS TO BAD CRYPTOCURRENCY INVESTMENT

[letyouearn]

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

95% of people playing with crypto and assuming themselves as smart investors will lose money as result. That's the nature of this market - big guys earn the money the masses lose

[martychubbs]

That’s really disappointing for all the crypto members. You need to do your research properly. Eth was 800 and has now dropped significantly as you mentioned. It is a very very long way to recover but let’s hope the price goes up and they can recover by the start of next year.

[Karlinz]

I am still sceptic if this is actual bull run, had made some profits from btc rally and invested in altcoin expecting to see some good return but it actually didn't happen but ended up bringing in some alts, a bull run is the one that carries along all the altcoins but this one is just bitcoin and it doesn't mean well for the rest crypto space. I just wish to see etherium back to over $300 at least to set the pace for altcoin rally, so much losses have been made already by a lot persons that had assumed it was time to join the altcoins but not knowing the case is different this time from what it was in 2017

[omonuyak]

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

People have started losing already and that is those that buy too high and sell out of panic with a little dip. The best way to actually follow the advice op give is to always buy at the right time and sell when you are sure that the market is about to reverse. we have many tokens and coins that are dead and investing in those type of coins with the aim that there are going to give you good return is a big mistake.

[JuliaJi]

you just wake up? 99% people lose their money because all market was falling and no matter in what you are invest! if market will grow every investment will grow too! and the most of people will return their funds, BUT where is growing?

[thesmallgod]

Everybody make decision at its own peril. The fact that you buy now all later does not me you will lose or gain every time. Some time you lose and some time you gain. I heard a friend that bought 24 ETH when the price was around $600. He has not given up and in fact he stop checking his wallet regularly because he always felt bad. Nobody knows what we happen in the nearest future. So far as ETH still exist, it shall surely reach above 1k one day. Crypto is volatile as you say but hodl it will not do you harm. Only a wise person will continue holding irrespective of the present conditions.

[Mpamaegbu]

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash and invested in them base on predictions of those they think to be experts in the cryptocurrency trading without doing their personal study of market trend.

A whole lots of them invested into buying and keeping of ethereum for a long term at $800/ETH and today, the hardly recover 40% of the amount invested.

Another bull run is here. People should be careful with their investment into cryptocurrency and understand the volatility of it before making an investment.

OP's call for careful investment is highly appreciated. But the OP should be aware that what makes something a business is the risk involved. And to this I dare say that there is no business without risk. One can not be too careful that one can not make a wrong business decision. Those I had pity on during the market crash of 2018 were those who sold off their Bitcoin completely to invest in altcoins which later turned shitcoins. Early 2018, I also got caught in that web when I sold a bit to invest in a now worthless Regalcoin.

[ub27]

Ever since the uptrend of the market started recently, especially BTC, everyone wants to ride the bull train.  People don't buy when price is low, when price spikes they buy in, but that's not really the best trading strategy.  If you are in for swing trading especially and always buy the green, and you don't use stop loss you might end up loosing out. Let's just be careful and understand the market. Simply put, cut down on your emotions if you want to be successful in trading.

[Shallow]

I agree with you. Most people are quick to forget and trust the predictions by most "experts" that they always fail to do their research; when it doesn't go as planned those experts will keep mute. This space is unpredictable and volatile, therefore people need to be wise and careful of what they listen to.
No matter what, due diligence is very important; hold potential coins so that even if it dumps there is hope of it increasing.

[lienfaye]

Indeed many investors enter in crypto when the price is soaring high due to fomo especially last 2017 bull run. Lack of knowledge on how crypto works are the main problem why some of us end up losing our money.

Currently the market is declining and for those investors planning to buy take this chance because the prices of the coins are cheap. Dont wait until the market recover again before you buy, thats a usual mistakes of newbies here.

[johanesrobin]

Since the bull run in the year 2017, a lot of people have made one or more bad moves of investment resulting in loss of their hard earned income. Some people see the rise in the price of bitcoin, ethereum and their kinds as a means of making quick cash ...

It is a quick cash if you hold them and not trade. If you trade you can lose half of your wealth in few days. Just dont do it and you will be fine.

A trader must understand that loss is part of trading. if the loss gives up I think he opens a trader. Losses must be replaced with other trades and try to find profits to cover the loss.
do not give up .

[bitgolden]

You are quite right, first thing people need to have at the back of their mind is that the market is still very volatile for now, and we will always operate in a volatile market till future when bitcoin  quite stable. Investing in the volatile market was not the wrong move, but the mistake many people made was not to work along with the trend.

So, many investors of 2017 only understood one language then, they only understood the language of Bull run but did not know that there was another season for bear market, I think after the bull run was the first time people would be understanding that there is also bear market in cryptocurrency market including me, and as they say, Experience is the best teacher, most of us have had experience now, and this is why you have not really seen bitcoin pass more than its current value, because people are taking their profit as soon as they see an opportunity to do so now.