Lost 17500$ during recent downswing, Now completely broke.

[poodle63]

Should be a lot more careful as you mentioned you make an investment without analyzation but instead it's because you just feel you're bullish while its obvious the market is struggling to go up after reaching ATH the market correction also eventually gonna come, but many people also speculated that the bullish isn't over and we are just halfway but thats just speculation right? however what you do is basically gambling and it's no wonder that you gonna lose money eventually.

[Saniati]

I lost my 2k $ but i think it will recover soon because it’s a rule that after uptrend come downtrend so I'm holding my fund.

[Issa56]

That's very bad you don't have to take that kind of risk you don't have to use 100% leverage you are to desperate which is very bad you will always endup losing money whenever you are to desperate in Cryptocurrency. I believe you shouldn't make that kind of mistake or I believe you are probably a newbie in trading. If you are trading future I believe stop lose is very important just because of this kind of unforeseen dump that just happen that must people don't really expect, if you have used stop lose I believe you won't really lose this kind of money and you will have some fund to start again with. Pls make sure you go and learn about risk management before going back into cryptocurrency.

[DarkDays]

Should be a lot more careful as you mentioned you make an investment without analyzation but instead it's because you just feel you're bullish while its obvious the market is struggling to go up after reaching ATH the market correction also eventually gonna come,

'Feelings' are not to be used in trading. This is the biggest mistake people make and they lose.

The OP also didn't really seem to have taken a moment to think much about the investment and aped in. Unfortunately, this just remains as a hard lesson to learn from. You can't trade specially with margin in a market when the waters haven't calmed down properly, you'll play only with risk.

[stomachgrowls]

Should be a lot more careful as you mentioned you make an investment without analyzation but instead it's because you just feel you're bullish while its obvious the market is struggling to go up after reaching ATH the market correction also eventually gonna come,

'Feelings' are not to be used in trading. This is the biggest mistake people make and they lose.

The OP also didn't really seem to have taken a moment to think much about the investment and aped in. Unfortunately, this just remains as a hard lesson to learn from. You can't trade specially with margin in a market when the waters haven't calmed down properly, you'll play only with risk.

One of the mistakes when you are still noob into trading and honestly i had experienced this one on where i do rely with some gut feeling that the price might go up in next hours or days
and thats my indication for me to put up investment but sadly those turn out to be opposite and after than you would really be making out self realizations.

Emotion is one of the most common enemy or things that you should avoid when trading. If you do just mind off and make out decisions based up on your hunch
then thats really a bad idea since this is simply gambling.

You would definitely go broke if you do have this kind of method. Making out positions without any basis and purely depending with emotion and random choice.

[Johnyz]

I lost my 2k $ but i think it will recover soon because it’s a rule that after uptrend come downtrend so I'm holding my fund.

You can still recover it as long as you hold good projects and you didn’t sold during the bottom price that’s a good benefit of not panicking. I’d also incur some paper loss because of panic and I don’t mind it actually because I know the market will always recover and that’s the cycle of cryptocurrency.

[jack jillss]

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

i have been these situation before . and it was hard  when you lose your money hard earned money (its hard to be such situation ) . but do not lose your hope . you need to focus on your mistake and never repeat them again .

(it hard to grow and easy to lose )

[jaberwock]

Don't  get frustrated.

It's impossible to stay relaxed when you see $10-20k movements and that too within a span of few days because saying to someone "keep calm" is easy but it's impossible to implement. I was at a friend's funeral some time ago and it was easy for me to everyone there, calm down everything will be good. The same happened to me when I lost someone very close to me and I could not even sleep for a few days despite everyone saying to me, calm down.

Keep going on one path.

Not sure what path you mean, if you mean to hold tight then I agree because that looks like the only possible way of earning.

If you thing you have lack of knowledge about trading then learn first.

I literally challenge anyone who can predict which way the market will move, UP or DOWN. I mean even the best traders you bring, no one can predict the correct movement consistently.

If you have invested in bitcoins just hold them and maybe even forget about them if possible for a few years, that has been the best earning strategy for me.

[zanezane]

You can still recover it as long as you hold good projects and you didn’t sold during the bottom price that’s a good benefit of not panicking. I’d also incur some paper loss because of panic and I don’t mind it actually because I know the market will always recover and that’s the cycle of cryptocurrency.

That's easy to say but if you don't have the money to start over again, it will be a different story, you will probably be out of commission in crypto trading because you have to save money to fund your trading.

[Gozie51]

I hate this feeling. Guys no matter what don't be impulsive in trading.

Hoping that you will also take such advise. Trading isn't for everyone, if you try with no success then you know you have to quit and try other thing. I don't trade because of the challenges and emotion involved in it. To me it is a difficult area of life and because of the difficulty to understand, I better stay away from it and watch. But you need to guide your trade very well not to keep making mistakes.

[xSkylarx]

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

This is why you don't associate your emotion in trading especially if it is leveraged. You just like gambled going all-in with that leverage and no plan at all and your only goal is to recover your loss. Many people are ruining their life in leverage trading, the profit can really be huge with just a small capital but if you don't plan your trade you will likely get liquidated if the market doesn't go the way you want. I don't suggest to do leverage trading especially if you don't really know how to read charts and use different indicators. Even pro traders are very careful diving in with this type of trading.

[Smartvirus]

2. Learn from that big mistake, never do it again, and next time trade in a calculated manner and NOT in an impulsive manner.

The most important thing about making mistakes be it big or small is what you did learn from it. That single wrong move that recked you 9f months of work and resources, what did you deduce from it and at what point did you get it all wrong. Figure that out and build on it then, you might just be paving a way for your success.
One good thing about you for which, I'm happy of is the fact that, your not giving up. Some loose and just breakdown, not wanting to start a fresh so, they find a way to discourage themselves by labelling bitcoin as a scam or some sort of ponzi. Well, its best to know that bitcoin is nothing like ant of those and as such, it pays to be experienced in the field especially as a trader. Do your analysis and be conscious of news. It would help.

[andriarto]

I lost $3k during bullish trading yesterday before the market became a bear.
But since I'm sure the bear market will return to being a bull, then I'm not selling all my coins at the moment.
The current decline is reasonable because we have passed the increase during the bull market.

means that your cryptocurrency balance doesn't decrease, it's still the same. the correction that occurs is a natural thing where the market experiences a saturation period, so it is impossible to continue to experience a rally. If I am in your position, maybe I will do the same, be patient waiting for the bullish market to return

[kram31]

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

Its too pity that all our efforts in 6 months was all of a sudden gone in just in just a short while only. Well, good luck to you dude, if you think you can take it back again, that would be a nice play for you. Just all I can say when you play don't be greedy  if your in the actual play game just relax and enjoy it only.

[LUCKMCFLY]

Though I lost so many times earlier but this one is bit tough. I was bearish on bitcoin when it was around 30000$ but it went up and up and touches 40000$. I lost around 1000$ and I was ok but I do not know what happens to me suddenly in the heat of the moment I decided to go all in with 100x leverage, with no technical analysis nothing, as I was sure about bitcoin reaching 50000$.
And that is it all my bankroll which I build from 350$ vanished my hard work of 6 month gone.
Now I am broke. But I know I will build my bank roll again over the course of few months but oh man this is tough.
I hate this feeling. Guys no matter what don't be impulsive in trading.

This has a lot to do with the tests that life puts you, if you managed to build all that money in that time, just apply the same strategy and intelligence to do it again, this reminds me of Robert Kiyosaki when they asked him if he could go back in time and if you had a phone to call yourself what would you say? He himself said that the only thing he would say is to go ahead and do everything as it is, and this is so, both in trading and in life you have to see things as the breaking point.

It is not to feel bad because you lose, in trading we can lose everything, such is the case of Jesse Livermore, he became a millionaire 5 times and 5 times he fell into bankruptcy, he finally recovered and was fine, the bad thing was that he committed suicide, The reason is unknown, but I am sure you learned many things to reach $ 17.5k, this time do not make the same mistakes, and as Jesse Livermore did, whenever you win, allocate 50% of your earnings to enjoy the money, Whether traveling, sharing with the family, among others, there is the secret of all this.

[malcovi2]

X100, might aswell go to the casino.

[jrrsparkles]

You build your portfolio from $350 right? Means you are still in profits but you done a mistake by taking a chance which is almost impossible to happen. Don't gamble with crypto trading it may work some time but not going to work every time.

Next time make sure that you will never repeat the mistake again and if you ask me better do the spot trading instead of going with risky leverage trading.

[Erdogan]

Another example of taking crypto trading so easy. People think that crypto trading is just buying at dips and selling at high, they totally forget that it's very hard to find what's dip and high. The biggest mistake made by new comers is that they jump in with huge money without having any experience and knowledge of trading and ends up losing it altogether.

[numanoid]

Another example of taking crypto trading so easy. People think that crypto trading is just buying at dips and selling at high, they totally forget that it's very hard to find what's dip and high. The biggest mistake made by new comers is that they jump in with huge money without having any experience and knowledge of trading and ends up losing it altogether.

You don't get what OP mean. He was over confident about his pick but in the end he lose his money due to huge leverage he put, he is putting risk to lose his money aka Go big or go home just by his instinct bitcoin will up again in very short time. Sad for him to lose that amount, if he was patient enough, he could make decent profit because bitcoin has touched $64,000 few months later.

[lalabotax]

So sad to know this, and many people also experience this.
Well, it is risky to use a loan for crypto trading or investment.
It is risky to trade with panic and also greediness.
It is risky when we are all into trading and investing.
Because of the risks, we must be aware at first that someday we may be losing our money very easily.
but, in fact, we can also still getting profits.
The matter is how we become ready and smart in trading. The market of crypto is always volatile, there will be always a dump and pump. We cannot expect for increasing price always.