ohyeahhaha122
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February 03, 2020, 03:04:46 PM |
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I actually lost over 70% of my capital when I invested in shitcoin by mistake, I just thought it was the first experience of entering the cryptocurrency world, and I started to join ieo and gradually recovering my capital, now I am quite experienced in investing coins, so it is important for you to keep going or not when you have lost quite a lot
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dragonvslinux
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February 03, 2020, 06:58:24 PM |
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I don't see the point in selling if you're 80-90% down on an investment. I understand if it was a big position size that people need to jump ship, but with smaller position sizing selling in order to get back 10-20% doesn't make much sense to me. 10-20% is the minimum amount you want to be gaining in trading or investment, not recovering. A quick analogy for anyone interested, if you bought something at $5, and it goes down to $0.5, yes that's a 90% loss (in value), but if you still believe this coin can go up 100x, then you can still make 10x your investment in the long-term (instead of losing 90%). Likewise if you think it can do 10x, you might be able to get out break-even. $5 - buy level 10x $4 - 20% down x8 $3 - 40% down x6 $2.5 - 50% down x5 $2 - 60% down x4 $1 - 80% down x2 $0.5 - 90% down (xX reflects increase from low to buy level) Also as relevant is that if the coin goes up just 5x (yes, "just" because a 4-5x gain is common enough in a few weeks or months), then you will only be 50% down on your investment. If you still believe in this project, by buying the same amount again, you will drop your losses to 20-25% under the price, which is basically nothing in the broader picture. Alternatively, if you want to then get back half your money it's a lot better than 10-20%, about 2.5-5x better ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) A weird example I know, kind of obvious maybe but a lot of traders don't look at things this way. Some of the best gains I ever made were after projects lost 80-90% of their value, baring in mind that all the biggest coins and projects atm all lost 80-90% at one time or another. These things are actually natural.
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sana54210
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February 03, 2020, 07:07:08 PM |
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There were few coins which are below 50% of their value when they were on peak and most of the traders might already have made mistake of buying coins onto those peak. Unfortunately, they have no options left to sell their coin at loss or hold the coins patiently until they see the price struggling somewhat near their buy zones.
This would actually be a lot time consuming and mid range or short range traders would almost stop having profits from the trading markets because they would never be able to buy sell once they buy at the wrong price. This might demotivating a lot of traders but never forget that you can again start a chance to make profits even if you are down by 80%. Use the remaining 20% more wisely and you would see profits for that too.
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Sanugarid
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February 03, 2020, 07:51:17 PM |
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Anyways past can't changed. If you are still try to keep you alive in crypto is keep calm, Trust in your choice, and HODL it. One more thing you should be in a very potential coin, if you are HODLING shit coins, So you need to be brave and jump into a better coins.
The only coin worth hodling is Bitcoin. If you try to hodl alts, and if you are in red because you bought close to the ATH, you are setting yourself up for a 100% loss - because chances for seeing those prices again are extremely slim. The only right course of action is to dump your alts, buy BTC and try to hodl it up until the new peak of the bull market cycle. Good traders know when to cut their losses and look for new opportunities, bad traders are fixated on their investments and wait for them to recover even if it can't happen. You must change your technique because you can lose all of your money if you continue, maybe you should switch and go on a better plan. But losing this kind of money and still continue your journey is such an awesome decision because I can say that you are really believing that crypto is a good investment. Do not lose hope and you should buy a better token so that you can really earn. Do not sell tokens when it is on a downfall because you are just losing your money. The downfall is normal since the crypto is passive on its volatility in terms of price. So we should wait. There are better projects that you can support. Knowledge is important before taking risks and do your plans.
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RealMalatesta
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February 03, 2020, 08:21:41 PM |
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If you can actually keep holding and invest into stuff that are both safe but leave a short coming of it to even riskier stuff for just recovery with some selling on profit, you could somehow get it back. Don't get me wrong, losing 80% of your capital means you have done some horrible trades and its not really easy to make that make, you should have picked stuff that was safer instead of picking stuff this much risky, from that point on forward you have to hope that coins go back to their all time high prices, there is no other possibility to make all of it back.
However, if you just invest that money into bitcoin, you could at least get something back, just last year bitcoin went from 3.5 to 7k, which is what you should be hoping for, maybe it will do it again this year, who knows.
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doctor877
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February 25, 2020, 09:02:53 PM |
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It's always sad to lose money. But we should be careful of what we invest into and the time frame and purpose of investment with alot of patience. There is alot to this, majority of loses in crypto is usually liked to lack of proper research , greed , inexperience , misleading by supposed top guys.
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Jannyh
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February 25, 2020, 09:38:02 PM |
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You are very right, so many investors suffered losses, 2017 and 2018 turn around was a very big shock for them and most of them dumped, some might still be holding that is why it is advised for one to invest what would not affect him or her should anything go wrong. Also make sure to buy top notch project so you will be confident of your investment.
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swivel1983@gmail.com
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February 25, 2020, 10:15:51 PM |
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Patience doesn't always help. Sometimes, over time, the coin loses its value and therefore it does not make sense to keep it for a long time. But if you are confident in the coin, then patience is exactly what you need.
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shoreno
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February 25, 2020, 10:21:15 PM |
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Patience doesn't always help. Sometimes, over time, the coin loses its value and therefore it does not make sense to keep it for a long time. But if you are confident in the coin, then patience is exactly what you need.
confident , pateince wont help at all because you said the coin will still loose its value but that is if the coin you chose is crappy . many crap coins scattered on the market now so we must be aware of what are we picking . patience and confidence is really benficial for a good coins like for example bitcoin . btc might loose its value but its rare to see btc not recovering . for the 10 years of existence , btc still gain some value even on its up and down state .
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iamaruf
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February 25, 2020, 10:27:05 PM |
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what do you mean by survive? You mean how to live in real life?or you meant how to get out from that loss? Most people already told that invest those money that you can afford to lose but I want to add one more thing.If I were you I definitely hold btc rather than altcoin and I will definitely not sell my bitcoin in loss.I have enough believe what I am holding.If you are holding others shit coin and you don’t have believe sold that get out from that shit coins.
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LbtalkL
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February 25, 2020, 10:34:52 PM |
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If you are trading on spot there is no way to stress out if the coin you invest is a good coin. We are on bear market it is natural to lose when you invested few years ago and hodl until now. We have new trading features now its called "FUTURES" Like binance futures. It is more risky than traditional spot trading, you might loss all in just minutes but you can also get high profit at the same time. Handling situations is really on us, on futures I can't allow to loss more than 80% we need to set stop loss.
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FanatMonet
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February 25, 2020, 11:00:21 PM |
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Living on, and what else can be done? Just the other day, the Yobit exchange froze my account, with almost all my funds in cryptocurrencies. Formally, this is not a loss, but given that they have not been responding to tickets for 8 days, the chances that they will return my funds to me are negligible.
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Stedsm
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February 25, 2020, 11:28:55 PM |
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Survival is not a big deal if you've lost what you "then invested that you could" afford to lose, but if not, then your survival IRL could have been a lot more struggling than you'd have had if you'd have brought your money out at the right time. Survival in crypto was something I couldn't get, I mean in what reference or regards have you said that? Leave the past and focus on the present, invest in IEOs which were launched at Binance exchange and hodl till BTC halving and see the magic.
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February 26, 2020, 12:41:01 AM |
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Luckly i was never have worst experience such as that but in my view if this is happens to me then there are two choice should be picked and first option is leaving from crypto world because seems crypto not suitable for me and second options is survive with the rest of funds although already huge loss but indeed this could be hard decissions because i'm sure those who lost 80% from their initial amount of money while invest will be so frustrate
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Iyeman
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February 26, 2020, 01:10:45 AM |
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It's always sad to lose money. But we should be careful of what we invest into and the time frame and purpose of investment with alot of patience. There is alot to this, majority of loses in crypto is usually liked to lack of proper research , greed , inexperience , misleading by supposed top guys.
It's not. some times people have made mistake to buy coin at the higher price and this gets dumped easily even to make it reached the bottom price which almost 100% loses. Look at what happened with kin and even it has a very strong company but with just a few decision that has already taken by SEC and it goes to the bottom instantly.
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lienfaye
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February 26, 2020, 02:45:36 AM |
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Luckly i was never have worst experience such as that but in my view if this is happens to me then there are two choice should be picked and first option is leaving from crypto world because seems crypto not suitable for me and second options is survive with the rest of funds although already huge loss but indeed this could be hard decissions because i'm sure those who lost 80% from their initial amount of money while invest will be so frustrate
Seeing your coins slowly losing its value are really frustrating but what could be the solution if this happen? If you dont want to lose your capital then keep holding especially if you know that you're holding a good coins. However if you cant stand such situation, sell and quit are one of the option you can do but remember that every investment has risk thus you should be prepared in worst scenario and quitting is never a solution (well atleast for me).
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Vishnu.Reang
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February 26, 2020, 02:53:16 AM |
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Back then it happened to every single user, right? The Bitcoin prices dropped by 85% during 2018 and many of the altcoins dipped even more. I had Ethereum in my wallet, and it's value went down by more than 90%. Cardano lost 98% of its value and many of the smaller coins became worthless altogether. But then, those who panicked and sold their coins made a mistake.
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Mianae
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February 26, 2020, 04:49:25 AM |
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Finding ones self in this situation can be depressing at times watching your funds diminish every second. If I bought the Bitcoin pump last week and slept today, I will wake up to a huge loss. Every trader or investor should watch out for their investment in this space things can change without any further notice thereby leading to a loss. But when you do incur some losses, cut your loss early enough do not wait forever to cut loss.
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RDNX
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February 26, 2020, 05:07:12 AM |
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As per my perception here is a lot of investor/trader who was comes in at early 2018 or may be in mid of the year. That time was the best time of crypto and ALT coins too. But later on this scenario was converted into downtrend and all coins were falling simultaneously. It was cause of FUD, huge movements in Bitcoin due to whales manipulation. As a result our portfolio was reduced on daily basis. Mostly people were hoping to bounce back market around their buy potion but this was not happen at all.
In that time how we confirmed our loss? When we were realize that market is going up and our coin is not moving we sold it and jumped in running train, there we confirm our loss.
What was we need to do there was only patience. Because every coin always give you a chance to be survive your self by bouncing back near your buy rates.
Anyways past can't changed. If you are still try to keep you alive in crypto is keep calm, Trust in your choice, and HODL it. One more thing you should be in a very potential coin, if you are HODLING shit coins, So you need to be brave and jump into a better coins.
Hope this will help you.
Personally, making a cut loss is the best choice to solve it. I know this is very frustrating. But I can't see the value of my assets continuing to decline month after month.
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Vishnu.Reang
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February 26, 2020, 05:31:11 AM |
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Personally, making a cut loss is the best choice to solve it. I know this is very frustrating. But I can't see the value of my assets continuing to decline month after month.
Booking loss is not a bad idea. In many cases, it is the most intelligent thing to do. However, the investors are not very comfortable at this as no one is happy to sell their assets at a loss. I am someone who had done loss booking in the past (although with a heavy heart) and I would say that I was happy with the outcome. If I had held on to my assets, then I would have incurred complete loss.
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