fokuscomeback (OP)
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May 18, 2021, 02:18:24 PM |
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Slightly tells me that I know bitcoin from this forum around June 2017, But I haven't kept up with the crypto world for a long time due to my busy business and boredom with the price of BTC in 2019. So I almost forgot all my assets until there was one. the thing I think is my stupidity, I omitted my Trezor which still contained around 9 ETH at the time I bought ETH around $ 700 in mid 2018, and ETH keeps dropping so I ignore it. Long story short I want to start from scratch I want to ask the seniors who are here. I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.
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BitMaxz
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May 18, 2021, 02:41:17 PM |
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If you bought the 9 ETH at $700 you already made a profit you can sell it right now and get a $30k profit. Or do you plan to play your holdings on trading? You can trade but the only effective way to make a profit right now in trading is making short trading. But since you don't have enough knowledge on trading I suggest you follow this channel https://www.youtube.com/channel/UCrXjzUN6EtlyhaaAerbPfkQAnd learn from him on how to trade and watch some strategies from his videos that can help you grow. Also, check this https://www.tradingview.com/markets/cryptocurrencies/ideas/You will learn from them how to analyze the market and you can use Tradingview as your tool for analyzing the market. Added these extra tools and trading guides below. - Awesome Crypto Trading
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Republikcoin.com
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May 18, 2021, 03:04:24 PM |
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If you bought the 9 ETH at $700 you already made a profit you can sell it right now and get a $30k profit.
But his trezor is no longer there, he cannot sell his Ethereum now or in the future as long as the missing trezor has not been found. I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.
You've done well before, it's just that this time don't ever throw away your wallet again. You may think your assets are destroyed and you don't care about it anymore so you forget about it, but don't let you throw away the Trezor you have so that the same mistakes don't happen again.
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BitMaxz
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May 18, 2021, 03:27:26 PM |
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But his trezor is no longer there, he cannot sell his Ethereum now or in the future as long as the missing trezor has not been found.
If it still has the recovery seed backup, he can recover it to his new Trezor but if he doesn't have it anymore then it's totally gone. The 9 ETH is really a huge amount at the current price and I hope that he still has the recovery seed that's the only way to recover his old Trezor wallet.
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acener
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May 18, 2021, 04:09:34 PM Last edit: May 18, 2021, 05:10:37 PM by acener |
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As stated by Bitmaxz you could try to recover your wallet by the recovery seed or passphrase that you wrote down when you set it up, But it seems that you don't care about it right now and wanted to start from the scratch as you've stated, So my advice would be don't fall for the hype and value everything that you have you never know how much profit they could give you in the future.
P.S I really like the title and it is true it is never too late to start so for those who are thinking that they missed the chance to start their crypto journey because it is too expensive now, They might want to rethink it and know that they could start whenever they want and they doesn't need to own a whole Bitcoin because they could invest in small amount called Sats.
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kryptqnick
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May 18, 2021, 04:19:56 PM |
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I'm sorry that this happened to you, and I hope there's a chance to recover the funds because there's your passphrase there somewhere. I also want to join others by saying that it seems that your problem wasn't a mistake in choosing a crypto for investment, but not being attentive enough about where you're storing your coins. ETH was a good choice, so perhaps you can spot an attractive coin successfully once again. IMO, a very promising coin to look into is Polkadot, and now that BTC price is down, it's also worth looking into. Make sure you store your passphrase in multiple locations so that you don't lose funds again. Good luck!
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AakZaki
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May 18, 2021, 08:00:27 PM |
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It is unfortunate when you have assets in your trezor wallet and you lose them. it is a very valuable asset. Even if the price goes down that time at least you keep it in a safe and easy to remember place.
all you have to do now to start over is prepare capital to trade if you really want to trade or take part in some airdrops and some new whitelist projects to become investors. all you can do. and most importantly do not ignore any assets you have. assets that you ignore until they disappear even become very valuable and very expensive assets for now.
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livingfree
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May 18, 2021, 08:04:18 PM |
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When we're in a bear market, it's very effective to stay from the market if it's only giving you anxiety, pressure and disappointment. And that's what I can see with OPs experience, I did the same and sold some from my past holdings and I'm happy with that although I didn't maximized it to the peak of selling price but still I've made profit.
OP, you practice trading with an amount that you're very much fine to lose for you to attain some experience and with that, you'll learn the basics of it but first, access to your wallet with the use of your recovery phrase/seed. You don't need someone to do that for you and don't give those words to anyone.
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Fatunad
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May 18, 2021, 08:12:46 PM |
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Slightly tells me that I know bitcoin from this forum around June 2017, But I haven't kept up with the crypto world for a long time due to my busy business and boredom with the price of BTC in 2019. So I almost forgot all my assets until there was one. the thing I think is my stupidity, I omitted my Trezor which still contained around 9 ETH at the time I bought ETH around $ 700 in mid 2018, and ETH keeps dropping so I ignore it. Long story short I want to start from scratch I want to ask the seniors who are here. I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.
You are the only ones who could find the answer for yourself because even other people on this market had the same problem as yours and its true that theres no such thing about being late when you do deal with crypto because the potential is limitless when it comes to price increase but of course we should think about the risk which do always accompanied by it. Regrets are there since you arent the only ones missing out those golden opportunities to make some serious profits. Always consider that risk management thing so that we can able to avoid those mistakes that we do had committed in the past.
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Gamerholic
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May 18, 2021, 08:17:14 PM |
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If you bought it for $ 700 and it costs $ 3300 now - then I don't understand at all what problems are we talking about? This is a great investment that anyone would find even in a falling market now. So discard your Ethetium and later buy it again while it goes down. To get involved in short trading, provided that I have not been in the subject for a long time, I would not until you study the situation, because they have changed greatly over these 2-3 years. Good investment anyway!
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Welsh
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May 18, 2021, 09:49:53 PM |
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If you believe in something then you can ride out the uncertain times, my advice would be invest what you can afford, and if you intend on cashing out into fiat currencies at some point, then set a threshold where you will cash out, and don't go belong it. Treat it as gambling. For example, invest $1000, wait until Bitcoin hits 100k to withdraw. You would have effectively doubled your money. Well, a little bit more.
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DarkDays
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May 18, 2021, 09:59:17 PM |
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If you bought the 9 ETH at $700 you already made a profit you can sell it right now and get a $30k profit. Or do you plan to play your holdings on trading?
You can trade but the only effective way to make a profit right now in trading is making short trading.
Agreed. With the way things are now you're better off starting by taking profits on your current portfolio. Then get started on some reading, you got some catch up to do as the crypto market expanded aggressively for the past few months. Once you gain some confidence you can for sure start trading a bit but as always make sure your doing some analysis before hand as now it is dangerous to buy in any alt coin. Some may say we're already in a bear season but some can say that we're not there yet. Either way you need to get a feel of the market and do some analysis before throwing in your money. Good luck!
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pixie85
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May 18, 2021, 10:09:18 PM |
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When we're in a bear market, it's very effective to stay from the market if it's only giving you anxiety, pressure and disappointment.
But are we in a bear market, this is the question. We had a number of 30% drops in 2017 bull market, so this isn't anything new. I recommend not trading if you're asking people to help you with it OP. People like you fall victim of signal groups and other scams. You have a tough choice to make and I'd recommend to take some profit and sell some of your ETH. Also, I'd get some BTC with my ETH profits just in case.
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examplens
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May 18, 2021, 10:33:34 PM |
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If it still has the recovery seed backup, he can recover it to his new Trezor but if he doesn't have it anymore then it's totally gone.
The 9 ETH is really a huge amount at the current price and I hope that he still has the recovery seed that's the only way to recover his old Trezor wallet.
it is definitely worth paying attention to this. When he set up Trezor for the first time, he had to create a recovery seed. so it exists, you just have to remember where it could be, is it on paper or file. It's never too late. In 2018 yr, I lost +/- 10BTC because of a hack, of course, I continued on.
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sheenshane
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May 18, 2021, 10:38:26 PM |
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First thing first, you should learn how to store your crypto assets correctly because that is very important and never forget the private key that under your control. Crypto investment in the long term is a good idea and I rather say, focus on Bitcoin investment which is safe and we know that it will always have ATH every 5 years I think based on the history. I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.
To tell you frankly, trading and investment are different things here. Trading is very risky if you don't know the technical stuff, it won't work while investment is sort of safe because all you have to do is wait for the perfect time of selling and when your profit was there. I may advise, learn first and have your own research before you will start in trading.
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Hypnosis00
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May 18, 2021, 11:04:38 PM |
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Slightly tells me that I know bitcoin from this forum around June 2017, But I haven't kept up with the crypto world for a long time due to my busy business and boredom with the price of BTC in 2019. So I almost forgot all my assets until there was one. the thing I think is my stupidity, I omitted my Trezor which still contained around 9 ETH at the time I bought ETH around $ 700 in mid 2018, and ETH keeps dropping so I ignore it. Long story short I want to start from scratch I want to ask the seniors who are here. I want to start trading again. Could you please give me some advice so that I don't go through things like a few years ago.
Felt so sad in your situation, you lose your 9ETH for such stupidity? Naturally, it often happens when you never think that particular thing gives you anything in the future and you never care if you lose that as it was just nothing for you before. Many cases happen like this, in fact, some people lose their wallet keys. Because the reality is that we can just appreciate a thing if it has value and we can see its importance if we can benefit from it, and that is why you are remembering it now. Well, I think you felt mad about the situation but consider this mistake as sort of your encouragement to invest again in crypto. And I hope this time you can appreciate all the things you acquired even it has no value as this time because you'll never know, crypto has the potential as long as it still exists in the market.
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just_Alice
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May 18, 2021, 11:20:17 PM |
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It looks like you've done a pretty good job choosing the crypto for investment, the only problem you have is with storage. Generally, it's not that hard, I don't know why so many people have troubles with that. Here are some things that might help you keep your crypto:
1.Using hardware wallets should be a priority, it's much safer than online wallets. But I think you already figured that if you used Trezor.
2. Store your recovery phrase in a visible place and make many copies of it. Place one copy on a piece of paper on your table, somewhere like that, and don't be afraid. For everyone else, it's just a meaningless number of words, but for you - it's a guarantee you will recover your funds whatever happens. Store other copies in different places.
3. Tell your close relative or a person you trust about your savings and give them another copy of the passphrase, emphasize the importance of this phrase to make sure they won't lose it. This will not only help you in case you lost access but will also give the opportunity for your close ones to access the funds in case something happens to you. Not many people think of such things, but the fact is, we never know what might happen to us and it would be a pity if all your money was just lost because no one knew where you store your passwords.
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Yatsan
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May 18, 2021, 11:36:34 PM |
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It is really never too late for anyone to start off their journey doing trading with crypto. It is just that you must have the initiative to get along with the current market movement to get yourself adaptable and flexible to your working environment. With the case of OP, it seems like he will not be starting from scratch if he will just take patience on recovering his Trezor and accessing his 9ETH stored in it that will give him a handy to start up as a capital on doing trading because he have bought those fro $700 and with the current price of ETH, it will already have a big contribution for his trading capital. For the others who will be starting from scratch, it will still be good to start up now because lots of opportunities are still present. You just have to be patient and time will come you can grow yourself into doing crypto related works.
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KeikoKitagawa18
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May 19, 2021, 03:44:32 AM |
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You just need to be more carefull about ur wallet. Right now, i guess you lost all of your ETH because of your mistake. If you want to start again, i think this is the perfect time because market has been bleeding.
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liao chandra
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May 19, 2021, 05:37:20 AM |
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actually I have also known bitcoin since 2017. But since the crash market, I started to think that bitcoin is a high risk investment and a small profit. Earlier this year, I realized bitcoin is a very profitable investment. It is never too late to invest in bitcoin, bitcoin and altcoin prices still have the potential to go up even higher. If many countries or companies have started using bitcoin or using other crypto platforms. At that time the price of bitcoin and crypto will rise even higher
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