Skieleton
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May 28, 2020, 03:28:08 PM |
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
Sometimes the projects lose at the beginning, and after some time they only gain in value ... I no longer believe in promising the creators of various projects because sometimes I had a similar situation to you. Now you just have to wait because there is a chance that the price of the Token you buy will increase
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lunnatic
Sr. Member
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Activity: 1190
Merit: 250
COMBONetwork
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May 28, 2020, 04:03:53 PM |
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
Is the Web you are investing still running? and give you daily profit? if it's still running it means you don't need to worry, and if it really isn't working, then you should try to sincerely lose
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South Park
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May 28, 2020, 04:14:24 PM |
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
You have lost more than 70% of your capital in a single investment and that my friend is a classic newbie mistake, if you are going to learn anything out of this is that you must never allow that to happen, when it comes to trading it is better to be conservative and to not allow big losses, you may wonder why? And the reason is that you want to hang out on the market for long enough to see a bull market and as such you need to be very defensive in the way you trade. In my opinion you should take at least six months before you begin to trade again and you will need to use those six months to learn as much as possible about trading and even more importantly to actually test your strategy and see if it actually works.
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Nazmul012
Full Member
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Activity: 799
Merit: 100
SOL.BIOKRIPT.COM
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May 28, 2020, 04:19:57 PM |
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
Really sorry for this incedent. If I'm not wrong, you bought Switch (ESH) when it was All-Time-High, right? That was not a wise idea. Try to learn first before investment. I think if you wait, maybe possible to recover 65-70% of your loss.
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Guryon_master
Member
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Activity: 384
Merit: 12
Student Coin
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May 28, 2020, 05:12:35 PM |
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the thing that I would say is, don't hope for the risk in which you have already lose. Better to move on and make sure to be strong and vigilant than before.
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mycryptocoin
Full Member
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Activity: 380
Merit: 100
Community Manager - Blockchain analyst
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May 28, 2020, 05:20:01 PM |
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The only way you can succeed and make a profit is to learn from failure. When you are cheated into FOMO projects, check to see why you are cheated and what signs indicate a project is a scam. That is the basis for you never to be fooled or FOMO into a project again. In addition, or learn to trade and control greed to profit from the remaining money you are holding. Remember, never all i
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oli123
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May 28, 2020, 05:34:57 PM |
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I'm sincerely sorry for your current loss, 10 ethereum is not a small amount. If the project is not abandoned and has not disappeared, there is still a chance that the price will move upwards. I don't know if your investment will return in the amount you invested, time will tell. In any case, it is good to verify the whole project before investing in it. The only positive is that you can only take it as a long-term investment and just hope for its return. In conclusion: There are projects where their price will skyrocket even after years. I have already experienced similar situations.
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ije07
Sr. Member
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Activity: 1415
Merit: 250
SOL.BIOKRIPT.COM
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May 28, 2020, 05:52:57 PM |
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losing more than 10 Ethereum is a big amount and I can't imagine if I were in your position it would be very frustrating. but I think you can make this an important lesson before investing in any form in this industry. I hope you can get back up and start again to cover your previous losses.
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jossiel
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May 28, 2020, 06:02:56 PM |
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is this the end of the road for me?
No. Or I still have hope? How can I recover?
You have hope if you believe that there's still hope but if you don't, we can't help you with that. Having a positive thought despite the wrong decision you've made will uplift you. You have remaining 4 ETH and you're not yet down to zero so, what you must is to start accumulating again. Buy ETH again or jump into bitcoin but keep those Ethereums left.
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preikaler
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May 28, 2020, 06:04:08 PM |
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well that's a risk if you invest in the same hole, when the coin has a dump/die then you will lose all the money you have. for that don't ever invest in 1 coin (don't be greedy for the results). with the remaining ethereum that you have now, you can cover all these losses. but be more careful in investing and doing a lot of research
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Ifemini
Member
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Activity: 690
Merit: 12
There are consequences for every action
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May 28, 2020, 06:08:54 PM |
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
Of course you can and will recover But first you need to understand every reasons why you fomoed? Lost and also it is not the end of the road. Is it a project that can rise from the crumbs? Those are key matters you should answer
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Kasabus
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May 28, 2020, 06:09:41 PM |
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well that's a risk if you invest in the same hole, when the coin has a dump/die then you will lose all the money you have. for that don't ever invest in 1 coin (don't be greedy for the results). with the remaining ethereum that you have now, you can cover all these losses. but be more careful in investing and doing a lot of research
Yes. Don't be easily discouraged with your previous losses because others have also lose even more compared to what you have. But this time, make sure to be more careful in investing and choose only those potential altcoins and of course bitcoin for sure profits. Make the most of your remaining budget and try to diversify your portfolio as much as you can.
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shadowdio
Sr. Member
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Activity: 1876
Merit: 289
Zawardo
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May 28, 2020, 06:10:14 PM |
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What coin did you bought? try to hold that coin for long maybe it can increase the price. Your 4 ethereum try to trading it so you will recover your losses slowly if you are good in trading but if not, you can hold your ethereum for long term. That's only way I know to recover your losses. Hope that you have learned your lesson.
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pandanaran
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May 28, 2020, 06:23:22 PM |
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as long as you still have confidence, high spirits, not frustrated, can be patient and have a high determination to cover the losses that you experience when it is certainly not the end of your life. actually not only you, I think there are still many people out there who have had bad experiences like what you are experiencing right now. it's important for you to be more careful before investing in any project.
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umbara ardian
Sr. Member
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Activity: 1344
Merit: 259
Tontogether | Save Smart & Win Big
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May 28, 2020, 07:28:05 PM |
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
It's not the end, let's learn from it and never fomo in this market. If you fomo, you will lose everything in the future. Let them trade short and make trading with 4 ETH. That's enough money for you to start over
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Sanugarid
Full Member
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Activity: 1442
Merit: 153
★Bitvest.io★ Play Plinko or Invest!
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May 28, 2020, 07:35:38 PM |
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To invest 10 ethereum in an ICO is a very huge amount for me, it's almost $2,000 in USD and as far as I know the least you can invest in an ICO won't be 1 ethereum. Can you provide some data about it?
That is the risk in investing with projects, you should know that the success rate of projects at the moment is very low just imagine before you invest that you only got 10% of getting a good return of your investment. This should serve you a lesson coz the era of good projects has ended a few years back, I'd rather do trading than investing with projects or joining crowdfunding. Hence, you'll be more aware of the project you want to get into.
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Divinespark
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May 28, 2020, 07:41:52 PM |
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What coin did you bought? try to hold that coin for long maybe it can increase the price. Your 4 ethereum try to trading it so you will recover your losses slowly if you are good in trading but if not, you can hold your ethereum for long term. That's only way I know to recover your losses. Hope that you have learned your lesson.
Regardless of the project, and as OP shared, it became a scam and his money disappeared forever. Now that he has only 4 ETH left, I think he should use that money and join the IEO of some big exchanges to make a profit. Also trading would be a good choice if he had experience
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flagpara
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May 28, 2020, 08:01:03 PM |
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I used to have 14 ethereum but I got caught in the web of FOMO and I lost over 10 ethereum because the project I invested the ethereum on have dropped marginally, is this the end of the road for me? Or I still have hope? How can I recover?
First advice is in cryptocurrency, don't follow others advice. Now you will never know what was the reason, your friend told you to invest because that was your friend's plan. Here your experience is zero. Although this project isn't very bad, I think this you should stay if you don't want to accept losses.
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BChydro
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May 28, 2020, 08:11:33 PM |
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The name of the coin is switch ( ESH ), a friend told me how good the project is and I invested all my ethereum thinking the price will increase more but later it dumped It s really sad to hear about your situation, i thought people started taking things seriously and started to think twice before investing after seeing many scams especially the pump and dump scams, not sure how much you lost in this shit storm but it is better to get out soon rather than planning to hold for the long term because usually you will become the bag holder.
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LazerPanther
Member
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Activity: 334
Merit: 10
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May 28, 2020, 08:22:29 PM |
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How do you get those 14 ETH? If you got them from trading, now you have to start from the beginning. 4 ETH is still enough for you to make a profit every day, never give up or be frustrated with this market. With perseverance, you will soon earn 14 ETH and more
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