JoMarrah Iarim Dan
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February 28, 2020, 03:00:47 PM |
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Not too early in year 2017, I become interested to earn some crypto. I did not buy any single coin. I just earned coins through bounties. During that time, there are less scams and I say the payment is really worth it. In short, yes I earned big easily. But in 2018, I am waiting for the price of btc to reached 20K$ before I convert. But the sad thing is, it did not reach 20K$ and keeps moving down. It hurts. I lose. But at least I just lose what I have earned. I did not lose any capital. Now in order to survive, I am saving the remaining cryptos I have continue earn cryptos while waiting for the price to soar up high.
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TrevorS
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February 28, 2020, 03:31:14 PM |
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There are many ways to survive any crisis.
The main thing that you should understand is that any problem is solvable and have a desire to solve it. Having realized this fact, you will be able to assess your current state of affairs and condition, as well as outline the starting point for the restoration of your capital. Read the monographs of billionaires who lost everything in their lives and restored again. Perhaps this will open you up to some possibilities.
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Blackdeath
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February 28, 2020, 04:51:14 PM |
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In my own opinion, it is very to keep up just to survive if you lose more than 20% of your capital because there is still a chanve that you could lose a money again, that is why for you to survive you should not make reckless decisions, always keep calm, and analyze your trades or investment for you to have a successful income.
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Tylev
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February 28, 2020, 05:25:01 PM |
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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.
Yes, the cryptocurrency market is unpredictable and we all just learn from it. There has never been such a long period of decline in the cryptocurrency market after such a significant increase in prices as it was by the end of 2017. Also, it was not yet such that Bitcoin significantly increased in price, and altcoins did not react to this. Therefore, it is not surprising that many who invested in this period suffered significant losses. Therefore, first of all, you should not invest significant funds for cryptocurrency for you. If you made a mistake with investing, you do not need to make hasty decisions. It is necessary to study projects where money has been invested, as well as the market as a whole. Well, it seems that cryptocurrency graphs and analogies do not always work.
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Farma
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February 28, 2020, 05:45:48 PM |
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however, the goal is to invest in the right assets. so, when you experience a loss, you need to sell your assets and choose other assets that are more appropriate. Well, it's just that the disadvantages of this are, we don't know which assets are really right. for example, I held bitcoin and ethereum because I thought the potential was big this year, but the potential for the first coins to pump was BCH and BSV. Well, I think that's a good tip, it's just hard to choose the right asset.
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akram143
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February 28, 2020, 06:16:41 PM |
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Its not easy as we think when we lost 80% of our capital from investing on cryptos but as you said past can't be changed so user can keep on holding until bull run begins or can try lending or trading options which help to generate some money which can help to cover the loss a bit.
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BlackRed
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February 28, 2020, 06:23:33 PM |
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Keep calm and lend
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bitgolden
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February 28, 2020, 06:49:20 PM |
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You don't have to really "not be able to afford" in order to feel upset about losing 80% of your portfolio because that is just upsetting even if it was just %1 of all your money. Even if you had a million dollar house and a 200k car and 100k a year salary so forth, you would still be sad about losing %80 of your 100 dollar crypto investment.
For some people of course it is definitely losing a lot of money and they are sad because they lost very important amount of money for them but that doesn't "have to be" like that. You can still be sad that you are wrong and didn't get it right. Same with me when gambling, I gamble very little and I wouldn't mind losing them but not getting it right is a bad feeling.
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totoy4741
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February 29, 2020, 02:21:53 PM |
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Nothing you can do once you lost almost 80% of your capital aside from starting from scratch and use your 20% remaining funds to invest to a well establish or new, up and coming project with so much potential which I think is hard find in moment of time though and hit a jackpot and recovered to start all over again.
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coinfinger
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February 29, 2020, 02:47:34 PM |
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If it’s still early and you haven’t lost much, like in the case of a long term investor or trader, what you will have to do is to pull out the money to cut your loss and save yourself from further loss. They do say that sometimes holding on can do more harm that letting go.
There are times the price will drop and it’s going to take a long time for you to recover the amount of money you lost, so these are what you check. If you have a strong determination to take whatever risk that comes your way, then you should go ahead and have patience and see what next follows as long as you know that your analysis is accurate.
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ScamViruS
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February 29, 2020, 03:02:08 PM |
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This is a bad experience. A lot of people are lose their money like you and including me. My experience is very bad. I lost about 90% + of the funds investing in shitcoin. Which is the biggest mistake of my life. The mistake is when 20-30% was down, it should have been sold that time but I'm missed that opportunity. Now there is a way to invest the funds you have left in a good project. Maybe your loss will cover something.
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adzino
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February 29, 2020, 04:22:55 PM |
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You don't lose anything as long as you don't sell your bitcoin. You are talking about the downfall that took place back at the end of 2018, right? Then, yeah if you kept on holding it and waited till today. You wouldn't have made this much of a loss. Patience is the key over here. The price is crashing, not the the number of coins you are holding. Instead of selling it back then, if you would have bought more during the dip, you would have made more than 120% of profit.
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nekonyun
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February 29, 2020, 04:36:20 PM |
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every coin will get time to go up, except shitcoin but if you hodl shitcoin you must quickly sell it before shitcoin price falls again because traders will not buy shitcoin and shitcoin prices will not go up
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Meowth05
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February 29, 2020, 04:53:24 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.
Hope this will help you.
I like this one. I also believe that if you wanted to survive in this kind of market you should have patience first because market it unpredictable we never know when it will make a move whether to pump or dip. One tips is that don't waste your time and money on investing on such shitcoins that has no future but rather choose those coin who are placed at the top coz they'll surely give a good profit.
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Leah38
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February 29, 2020, 05:08:12 PM |
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Maybe the only way to survive is to learn from your mistakes and failures. Some success goes through a lot of trial and errors, lots of time learning, and lots of failures before they learn the exact recipe of success , may be it on trading or investing.
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vvu351
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February 29, 2020, 08:17:06 PM |
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Maybe the only way to survive is to learn from your mistakes and failures. Some success goes through a lot of trial and errors, lots of time learning, and lots of failures before they learn the exact recipe of success , may be it on trading or investing.
It seems to me that you need at least 2 years of experience trading in the cryptocurrency market in order to claim profit, even when the market falls.
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imstillthebest
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February 29, 2020, 08:29:08 PM |
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Maybe the only way to survive is to learn from your mistakes and failures. Some success goes through a lot of trial and errors, lots of time learning, and lots of failures before they learn the exact recipe of success , may be it on trading or investing.
It seems to me that you need at least 2 years of experience trading in the cryptocurrency market in order to claim profit, even when the market falls. year does not matter because i see someone can learn fast enough or those who are called gifted which have advance thinking but i think its still not possible to earn when the market is falling because there is no way to sell your coins for profit . when the market falls only a trader can do is to wait and continue hodling till the marke recovers again . learning from past mistakes is only a way to avoid future mistakes or cant avoid at all but itll only improve you , on the time that your on actual critical scenario i think the only way to survive is iether you sell or continue hodling depending on the coin you hold .
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XCANA
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February 29, 2020, 08:40:43 PM |
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The possibility of a man to survive such drastic lose from his or her investment will be a more difficult task to carry out in order to achieve or gain back their lost funds. 80% of capital lose is disheartening to me, although the only reason behind getting the lost percentage back is for the victim to invest into a real project which has a real world case use. With this, the victim can start getting back some good percent from this real investment, with time the victim will get back all the loose funds from these investment platforms. But the victim must be more careful with scam projects around the industry or cryptocurrency.
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KimmyF
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February 29, 2020, 08:46:28 PM Last edit: March 02, 2020, 01:04:14 AM by KimmyF |
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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.
Always be ready to change your shit coin when you find out. Top coin also dump in last year but you should clam down with this coin, those are legit coin. For shit coin holding my hundreds dollar turn out only cents. All coin isn't good for hold and you should consider few loses. Another way is to invest after coin price is dump in exchange
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retnocintaku
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February 29, 2020, 10:07:35 PM |
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If we've been stuck in a loss, I think there's not much we can do. Maybe we should be patient and keep analyzing. The decision to sell coins when market conditions declined is very difficult. It happened to me that I also lost a lot of money.
However, I try to be patient and until now some altcoins still I Hold. Doing a trade does require a good ability and if we are not professional will definitely have a lot of problems.
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