Many got REKT :(

[cabron]

Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,

That is the reality of crypto. Those who accept their losses and get out of crypto should not blame it for whatever happened because at first, it was their choice to buy crypto at very high prices and when the markets dumped, they chose to sell it instead of waiting. The traders who bought btc at $19950 in 2018 surge and didn't sell anything till date are in ~double profits.

But I think they should have to sell it now before the market will turn in dip again.

The common problem that I saw mostly to holders is being greedy, they don't contend in x2, x3 profit but they are more preferred to x10. That is why many had missed the biggest opportunity we have in the past day. I don't suggest people do holding unless if it is necessary but to sell it once there is a profit. Well, of course, we also have to analyze the market first.

The ones who missed are ambitious actually who are willing to hold their coins for long term. They don't aim for pennies but bigger profit much like the whales who wouldn't even touch their wallet because all they think is coming back after few more years.

It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD.

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[Lakai01]

-snip-
It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD.

Unfortunately, this sounds much easier than it actually is ... just sell high and buy cheap again, but unfortunately it is not like that. "Timing the market" is extremely difficult, especially in the crypto sector, not least because of the very high volatility and the fact that individual news can trigger a price fireworks or a price crash.

For me, it has proven best to slowly start selling in a highly oversaturated market and to slowly start buying again in such phases as now, where there is a very high level of uncertainty - always with the thought in mind that it can still go down much further.

[mamahdedeh]

Well, there is nothing we can do is to observe the market price when it will surge back again. I understand that there are too many people losing at this point, but those who already sell their assets will perhaps accepting about their loss. Many of us have got REKT on our portfolio but there is no loss if you will be able to wait for a perfect time, just be it and keep hold as yours. Those people who already understand this situation will most likely hold their asset from any exchange,

That is the reality of crypto. Those who accept their losses and get out of crypto should not blame it for whatever happened because at first, it was their choice to buy crypto at very high prices and when the markets dumped, they chose to sell it instead of waiting. The traders who bought btc at $19950 in 2018 surge and didn't sell anything till date are in ~double profits.

But I think they should have to sell it now before the market will turn in dip again.

The common problem that I saw mostly to holders is being greedy, they don't contend in x2, x3 profit but they are more preferred to x10. That is why many had missed the biggest opportunity we have in the past day. I don't suggest people do holding unless if it is necessary but to sell it once there is a profit. Well, of course, we also have to analyze the market first.

The ones who missed are ambitious actually who are willing to hold their coins for long term. They don't aim for pennies but bigger profit much like the whales who wouldn't even touch their wallet because all they think is coming back after few more years.

It will only be good to sell for a profit of 2x or 3 if you buy back when the price is right. If not they will likely cash out for USD.

Big ambition is the same as greed, which wants to immediately get big profits but does not want to think realistically. and what happened many of them regretted his actions, but strangely they did the same thing again. therefore realistic targets and trading discipline are the keys to avoiding this incident

[isaac_clarke22]

~

If you're just ready to risk your money to something that was already dead many times but still pushed through, I don't think there should be worry on timing.
Just don't buy if that "money" you're about to invest is not worth losing.
I just buy whenever I have the extra, like when I earn from freelancing and I just wanted to buy something that isn't my "need", I would consider thinking about investing in Bitcoin.

[Golftech]

I wanted to sell some of my BTC when it was 60000$+ and I did half of what I had thought to sell. I needed the money for real converted most of it to cash but it was not an exit plan or anything. I don't think much about the price if I need the money. My alts got rekt and most of them are at 50% level of what they were.

good for you if you managed to sell your Bitcoin when the price still at that point, though you mentioned

that you didn't  plan it that way, but in terms of value it's good for you to enjoy the value, with your alts

if you don't need the money better to keep it for now, bounce will happen anyway.

[dimonstration]

I wanted to sell some of my BTC when it was 60000$+ and I did half of what I had thought to sell. I needed the money for real converted most of it to cash but it was not an exit plan or anything. I don't think much about the price if I need the money. My alts got rekt and most of them are at 50% level of what they were.

It's good to take profit and use it in some other thing or investment, I also cashout some when the market is at a peak since I regretted not doing it before in 2018, I still left some even the market is at dip now and will just wait and accumulate more until the market recovers. Time will come that BTC price will rise again but may not be the same on other altcoins.

[Fivestar4everMVP]

I won't say I saw it coming that day, but I was planning on buying some altcoins trading against Usdt, so I converted almost all my major coins to usdt and felt I should wait for the altcoin price to down a bit, I left for about 8 going to 9 hours and when I came back, the entire market was already in red, I felt super excited cus luckily, 90 percent of my money was in usdt and also, the market crash caused the altcoin I wanted to buy to go down in price even further than I thought was possible, so this helped me to buy a lot cheaper and right now as I type, am already in good profit and still holding.
So this is to say that yes, many did get rekt, though we can't say how many, but I believe it's not too much.

[imstillthebest]

Who did an exit strategy before the worst dip?

we do all created a exit strategy but not all imitated it properly because we don't expect the dip will come quick  .
It's too late to exit once your caught out because you can surely lose if you plan to but we can save our self if we persist to hold till the market recovers and just a clarification ,
this is not the worst dip but worst dip but there are more worst dip back in the early days of crypto .

[ReiMomo]

Who did an exit strategy before the worst dip?

we do all created a exit strategy but not all imitated it properly because we don't expect the dip will come quick  .
It's too late to exit once your caught out because you can surely lose if you plan to but we can save our self if we persist to hold till the market recovers and just a clarification ,
this is not the worst dip but worst dip but there are more worst dip back in the early days of crypto .

As long as you didn't execute sell there's no REKT or losses in your portfolio. Holding is the best when you saw that the market getting worst because it is still a number of coins but the difference is to have the lowest value compared to dollars.

Panic selling is the most common factor of sudden loss, because of fear, you will blindly accept that you have a REKT, the price will not go beyond zero and that is impossible. The nature of cryptocurrencies is the volatility price and it will obviously fluctuate with or without reason.

[perfect999]

As long as you didn't execute sell there's no REKT or losses in your portfolio. Holding is the best when you saw that the market getting worst because it is still a number of coins but the difference is to have the lowest value compared to dollars.

Panic selling is the most common factor of sudden loss, because of fear, you will blindly accept that you have a REKT, the price will not go beyond zero and that is impossible. The nature of cryptocurrencies is the volatility price and it will obviously fluctuate with or without reason.

Well, many people look at their portfolio and feel "rekt" just because of that. I have a friend who got so scared of what he saw and he was in panic mode, I just told him to stay calm and his money went up again, not to where it was but at least it got up a bit more, and then he was like "oh then I can wait for it to go back up" like it is some marvelous new invention. Basically things are not as simple as it looks in this world, some people are just way too emotional, and that is why we have to just accept them the way they are.

I personally do not sell bitcoin, I have NEVER sold any coin for profit, I did had periods when I needed money urgently for some life emergency so I sold some, but I have never sold it for profit, which means I have been keeping my coins for god knows how many years and I will keep doing that until I have enough money to retire.

[carlfebz2]

Who did an exit strategy before the worst dip?

we do all created a exit strategy but not all imitated it properly because we don't expect the dip will come quick  .
It's too late to exit once your caught out because you can surely lose if you plan to but we can save our self if we persist to hold till the market recovers and just a clarification ,
this is not the worst dip but worst dip but there are more worst dip back in the early days of crypto .

As long as you didn't execute sell there's no REKT or losses in your portfolio. Holding is the best when you saw that the market getting worst because it is still a number of coins but the difference is to have the lowest value compared to dollars.

Panic selling is the most common factor of sudden loss, because of fear, you will blindly accept that you have a REKT, the price will not go beyond zero and that is impossible. The nature of cryptocurrencies is the volatility price and it will obviously fluctuate with or without reason.

Unless if you do go with leverage or futures then say goodbye into your investment but i do agree into this line that as long you havent cast out that sell button then there would always be a break even chance
and this is how should people do look upon and not make out those direct sell decisions.

Lots had burned out their portfolio but if you do know on how to handle up your finances and also your emotion then it would really be just fine. Always take a lesson anytime you suffer losses
and always make some back testing or analyze on what happened.

Risk management is important in all matters and you should focused on that.

[shushu9977]

It is very hard to realize that when the market is going up and up, when the market is going down and down. If we search previous few years then we understand many times the market is increasing and many times, it is dumping. so it is happened when the market was starting. so, research more information and earn more knowledge about the market.

[awik p]

It is very hard to realize that when the market is going up and up, when the market is going down and down. If we search previous few years then we understand many times the market is increasing and many times, it is dumping. so it is happened when the market was starting. so, research more information and earn more knowledge about the market.

And most importantly, don't be greedy. when the market goes up, sometimes we feel very confident that the rally will always continue, so we are complacent to take profits and finally the market goes down, then we regret it, especially if we buy when the price is at its peak, then we hold on to it and result in waiting for a few more years

[slaman29]

And most importantly, don't be greedy. when the market goes up, sometimes we feel very confident that the rally will always continue, so we are complacent to take profits and finally the market goes down, then we regret it, especially if we buy when the price is at its peak, then we hold on to it and result in waiting for a few more years

I never understand people who trade and don't use stop losses or take profit. It's so easy to do and should form a basic foundation of any trading activity, yet people keep saying they get rekt. Isn't it like Lesson 1 in the traders handbook or something? I mean, what's the point of not setting your exit if you want to make trading your living?

[feelideb]

I have made up my mind not to trade future btc, I am comftably sitting on  100%  profit having been able to convert my btc trading account to usdt since first ATH! I am looking for good entry on btc and I wait till I got the number I want. The purpose of my btc trading is to increase it not profit per se!

[Mauser]

Who did an exit strategy before the worst dip?

I didn't have any, but I don't feel like I got rekt. If you compare the current price to the ATH then sure you could say that I got rekt, but if you compare the current price to 1 year ago, then I would say that we are still in a good position. Personally I stopped trying to buy or sell at the exact lowest or highest point. In my opinion, it is just too difficult and involves a lot of luck. Better to have an long term approach to investing and wait for the prices to rise again, crypto currencies tend to move in cycles so it is just matter of time to get back up.

[kawetsriyanto]

I never understand people who trade and don't use stop losses or take profit.

If they don't use "stop loses", it is still understandable. But if they never take profits, it is something strange. Do they really exist?  
As far as I know, people trader for profits. This means they should take profits once the target is achieved. Traders must set their targets to sell at certain rates after they bought some coins. They won't keep the coins for a long time, they aren't investors. If you are trading, you probably trade your coins daily, or weekly, or monthly. I never heard of a yearly trader.  

CMIIW

[slaman29]

I never understand people who trade and don't use stop losses or take profit.

If they don't use "stop loses", it is still understandable. But if they never take profits, it is something strange. Do they really exist?  
As far as I know, people trader for profits. This means they should take profits once the target is achieved. Traders must set their targets to sell at certain rates after they bought some coins. They won't keep the coins for a long time, they aren't investors. If you are trading, you probably trade your coins daily, or weekly, or monthly. I never heard of a yearly trader.  

CMIIW

I still don't get it. Limit Orders are there as a tool to use, and every good trader knows 2 things. The price he wants to get in and the price he wants to get out.

And on the second item, this means both ways: the profit he would like to take, and the maximum loss he would like to bear.

You are just asking to get rekt without stop loss.

Oh but I've heard of yearly trader. Those guys are called options traders and they choose 1 year contracts:)

[Kong Hey Pakboy]

Can't exit since I didn't have enough bitcoin to sell to gain a really decent profit. In technical terms, I did got rekt but I don't think that I have to worry about that since I am on the long-term side of investment, I don't mind this stint in prices, I know that I deserve more than this.

[rodskee]

Who did an exit strategy before the worst dip?

I did but Half only of my totality in investment .

Why? because i still believe that it is just a correction, so i am wrong but at least i'm right in selling half of it.

Now that the dip comes to 30,000 level , i am lucky to say that i bought all of those half again and seeing a 20% profit now because the price close to 40k once more.