WHAT HAPPENED? I went into the hospital cam out AND....

[cryptoaddictchie]

If you enter the Bitcoin/Cryptocurrency space without knowing that price crashes could happen, then I could almost guarantee that you didn't do your homework.

Agreed but the crash happened were due to a news of China fud about bitcoin miner and Elon post about energy consumption thing of bitcoin isnt good for tesla ideals. Before these, the market is on healty phase. So everyone cant anticipate a cold crash for that alone. There maybe a correction if its a normal trade event but it was affected by the fud.

Maybe OP was just shocked how fast the effect of such news to crypto market.

[adaseb]

No idea if this is true. But there was some guy on Tiktok or Twitter who invested $5000 in Doge. Then when he wanted to sell and withdraw, he was confused why he is only getting $2500. He made a post about it because he thought something was wrong with Robinhood because he started with $5000 and was assuming "stonks only go up" and was puzzled as to why his portfolio is worth $2500.

When I read something like this, its hard to tell whether its true or not. Sure it can be a joke but is it. People are so accustomed to making so much money for doing nothing, they are puzzled when they actually lost on some investments.

So posts like this that I am seeing doesn't really surprise me. This is pretty much a repeat of the Dotcom bubble only 20 years later. And it will not end well in the end.

[Ziskinberg]

3 weeks of having no access to your trades will certainly surprise you. Nah, a lot of things will happen in just a single day, how much more when it takes weeks. That is no wonder why it goes like this and made you lose, and in the first place, this will be something to expect. Because even we use Bitcoin for a trade, you can't really be confident enough that you will be safe as it was very important to check the market from time to time when trading.

[kapalmabur]

Can't do much about the prices going down, just hodl and wait, the prices will recover soon enough and I don't think that we have anything to worry since the market is still going strong and the crash never dipped really low.

this of course will drain our psychology when prices continue to fall. but for established investors, they will keep quiet and wait for the price to return to normal, because previously of course they have analyzed it well for a long time in taking profits

I really understand the feeling when the price is dumping, but if your frustration is too deep, then it can make you go to the hospital again,
try to stay calm, as long as the market is still bullish, my advice is to keep holding,
but it's a different story if the market is bearish because better to cut lose and buy back again when the dump happened.

[CryptopreneurBrainboss]

No idea if this is true. But there was some guy on Tiktok or Twitter who invested $5000 in Doge. Then when he wanted to sell and withdraw, he was confused why he is only getting $2500..

When I read something like this, its hard to tell whether its true or not. Sure it can be a joke but is it.

Considering doge has lost more than 50% in price since the downward trend of the market started, the story could be true although that doesn't justify all the story we read on social media. People consider this media platforms as an avenue to be what they desired to be in result leaving fake lifes, just to impress or decieve gullible investors into following their advice and profiting off them.

This practice is also very common in the cryptocurency space, there's this popular saying that nobody losses in Crypto twitter'. And when there's suddenly a new coin that gains momentum, you'll start seeing different stories of success same as when there's a trend of losses in the market.

The stories would be either they sold at the very peak of the market or they're I loss creating fear and doubt in the community. Basically all these storys has a purpose for manipulating the gullible investors among us by causing fud or fomo.

[nelson4lov]

What happened is that you don't understand anything. You have "invested" (rather gambled) in crypto and now you are crying because you have in theory lost (you never lose until you sell) 10%.

10% swings are our daily bread and butter. When I see that my portfolio has gone down 10%, I keep yawning.

Yes, 10% loss is nothing compared to the gains that the market has seen in the past couple of months. Regardless of the drop in price, people who invested in Bitcoin and altcoins in January or earlier are still in enough profits. Most people calculate portfolio loss with regards to how much they've made.

I mean, assuming I have a $1K portfolio that went 100% in 2 months and dropped 20% in a week.  I had $2000 (thanks to the 100% gain) which got reduced to $1600 but people in crypto would see it as a loss without considering that they're still up 60% on their base capital.

[Fatunad]

The market crash while you’re not in the front of monitor and there’s a lot of things happened for the past three
Weeks, there’s a lot of FUD spreading all over the market and that’s why we’ve reached this level. If you have a position in trading, monitor it always and if you are not able to do so, just play long term you’re still lucky that you didn’t put it on a futures, I’m sure you’ll be fully liquidated if ever.

There are instances in life which you cant really able to predict on just like accidents or hospitalization which would really be leaving you out of touch on your investment.
Neither you do have long term or short term then that would really be needing some attention or handling by you and its true that 3 weeks time would already be a long
one for you to miss out those things that do happen into this market but if you do go for long term then this wont really be an issue after all.
Drop of 10% in your portfolio is just like a typical day that could happen so it wont be that surprising.

[2double0]

The market crash while you’re not in the front of monitor and there’s a lot of things happened for the past three
Weeks, there’s a lot of FUD spreading all over the market and that’s why we’ve reached this level. If you have a position in trading, monitor it always and if you are not able to do so, just play long term you’re still lucky that you didn’t put it on a futures, I’m sure you’ll be fully liquidated if ever.

True that. Op saved himself by not going for futures and I hope they did not go all in, because the saying clearly says that never put all your eggs in one basket so, if they diversified their portfolio, then this 10% loss will be recovered soon. Coinbase stock tokens will recover, they fell because the whole market was in red. I suggest you to calm down and wait for your chance to come after it regains.

[Yatsan]

Certain loss in your portfolio must be expected to come in any moment of time due to the reason that you have engagement into a highly volatile market where changes can happen by any moment and you will just got surprised that you have already been into a loss. 10% is still a small percentage to be stated compared to what most of the traders have experienced engaging into cryptocurrency trading from the past years. Good thing is that you only loss that amount and such can still be regained once price bounces back. Just be sure by the next time to use stop loss whenever you were up into something so that you can somehow manage your funds even you are out of the market.

[Scripture]

As the market goes down, most of our portfolio turns red but if you did not execute any trade then that is just a paper loss. You have to expect everything here in the market and if you left unmonitored, you might also miss to cut losses and that's a big problem on most of the trader as well. We can still recover and you can still get back that money, just trade wisely and monitor the market closely.

[Hypnosis00]

Certain loss in your portfolio must be expected to come in any moment of time due to the reason that you have engagement into a highly volatile market where changes can happen by any moment and you will just got surprised that you have already been into a loss. 10% is still a small percentage to be stated compared to what most of the traders have experienced engaging into cryptocurrency trading from the past years. Good thing is that you only loss that amount and such can still be regained once price bounces back. Just be sure by the next time to use stop loss whenever you were up into something so that you can somehow manage your funds even you are out of the market.

I understand that OP is just new to crypto but it was not an excuse that he just leave his trades confidently for that long. I mean, he should check it from time to time however, his situation makes the thing difficult and it results in big losses. Even it was just 10%, it still has a loss on his side and might affect his mindset.

It is to emphasize that FOCUS and TIME are very important in trading, this volatile market is very risky and changes will come at any moment causing us to lose without notifying us until such a time that we check and found it.  

[jaberwock]

I got real sick went into the hospital for 3 weeks where I didnt have access to trading. Stupidly I didnt put stop limits, but I did lock in some profits.

From what I read we werent in a bubble, I even remember seeing coinbase commercials in the hospital bragging about how BTC was going up and up. I was surprised that coin base got that big, but based on the fact they "lost" some coins of mine and I have been emailing cust serv for four months with no reply, really should be able to afford some really good commercials. If you cant trust coinbase who can you trust? MfGox? trevon,BTCNick and what ever that pyramid scheme was called? What ever happened to them anyways? I hope jail.

Sometimes I see questions here that really surprises me and makes me feel like people don't know what they are doing here. Alright you lost money, sorry about that, but it's not like you were not going to lose. We all understand perfectly that such kinds of investments are high risk investments and anyone who is investing in them means that you're ready to take the high risks that are involved in it.

So, why would you be complaining and making it seem like Coinbase is a scam just because you lost money? If you know that you are going to be complaining when you lose and pointing fingers, then it's best that you just stay completely out and look for something else to do.

[boyptc]

If you cannot trust exchanges then do not deposit any amount to those exchanges you use.

Pyramid schemes are easy to determine but what you are saying is very normal. You have to understand what volatility means.

[traderethereum]

==

You do not need to worry because it is just a correction and even if this correction happens for more than a month, the crypto market will recover.
You need to focus on recovering your health, so you can back to trade and recover your loss when you can get out of the hospital.
Hopefully, when you recover from your sick, the market can back to the high price and you can make a profit.
I suggest you not sell your coins and do not think much about the market because your health is more important than the market.
You can recover your loss later, but how can you recover the loss if you lose your health?

[Ararbermas]

Be thankful that you didn't set the stop lose because you still have a chance to regain your lost mate. Unlike those who panic selling during the hard fall.  especially on this dip wherein market has possibility to climb up again like what always happen ? No need to worry mate and perhaps it's now starting now to regain strength as well that's why some crypto currency is gradually showing green percentage in the market.  Just be patient instead.

[Yamifoud]

Be thankful that you didn't set the stop lose because you still have a chance to regain your lost mate. Unlike those who panic selling during the hard fall.  especially on this dip wherein market has possibility to climb up again like what always happen ? No need to worry mate and perhaps it's now starting now to regain strength as well that's why some crypto currency is gradually showing green percentage in the market.  Just be patient instead.

Yeah, it is a need to keep calm and keep on the motivation. Don't let your emotions lead you anywhere but have to make everything is on your control and still have a positive outlook. 10% losses are big already, nobody wants it but sometimes, as we are in trading, you can never avoid that thing.
If you have a passion for trading and enough knowledge about this, you can easily recover those amounts, only it needs time for that. Don't rush and stick to the plan.

[ice18]

In an uptrend market its very important that you have to take profit never assume that it will go up everyday without stopping thats not normal if this happens, always expect for a correction because this is the time smart traders are entering and weak hands are selling on panic.

[stompix]

I mean, assuming I have a $1K portfolio that went 100% in 2 months and dropped 20% in a week.  I had $2000 (thanks to the 100% gain) which got reduced to $1600 but people in crypto would see it as a loss without considering that they're still up 60% on their base capital.

Assuming...what if you're ht from the start with a 40% drop in the first month?

I'm genuinely amazed by the number of people saying to the OP, don't worry you will make this amount back. Seriously? Wow, we have just invested the perfect money machine, trading, you lose don't worry, you will make twice in profits! I would have understood if it were about simply holding Bitcoin, yeah, even if you bought at probably the worse moment you still have hope, and not just a tiny bit it will go up and recoup losses. But from trading? If everyone would make profits after profits bear bull market, where the hell would that money come from?

Anyhow, I hope OP is better now, he said he was coming out of the hospital, he was really pissed off and he hasn't logged in since then...

[imstillthebest]

coinbase was big even before and they can afford comercials even without your coins but they should return your coins because it wont be a big loss to them if they return it and they are risking their reputation for small coins of their costumers .
 3 weeks is long but you could have bought your smartphone with you or laptop and i think hospital can allow it if you confess that you have an online business but your going to be fine with that small loss .

[Fesatmas]

No idea if this is true. But there was some guy on Tiktok or Twitter who invested $5000 in Doge. Then when he wanted to sell and withdraw, he was confused why he is only getting $2500. He made a post about it because he thought something was wrong with Robinhood because he started with $5000 and was assuming "stonks only go up" and was puzzled as to why his portfolio is worth $2500.

price manipulation and theft of portfolio value are totally unacceptable. this is indeed very stealing if it really happened. because as far as we know Robinhood hasn't done this much manipulation... we need strong references to prove the amount of data related to it all.
Doge has started to be priced in and we don't know what to do if things like this happen on multiple exchanges. will the SEC step in?