15262kk (OP)
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Merit: 1
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May 26, 2021, 11:15:17 AM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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hd49728
Legendary
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Activity: 2086
Merit: 1027
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May 26, 2021, 11:24:01 AM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
Why did you lose big money with this fall? If you did not panic sell, you did not lose your money. Bitcoin rallies very well after that drop. If you did lose your money because of margin calls and liquidations, it is your responsibility. The crypto market is not for gamblers and when you use leverage, you are one of gamblers. The fall and liquidation are for whales to get rid of gamblers on the market. They can not move the price up and give gamblers chance to dump their Bitcoin to take profit. If you did use leverage and ended with loss, it is time to think hundred of time and stop using leverage in the future. Till the day you can be a millionaire from crypto market, don't use leverage. |
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bitterguy28
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Activity: 2002
Merit: 175
★Bitvest.io★ Play Plinko or Invest!
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May 26, 2021, 11:31:08 AM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
You lost? have you sold the coins already? because if not then you are still not losing anything but just the value. Keep the risk market is developing now , it almost breaking 40k now so in the soonest time it will come back to 50k so keep it mate and chill. |
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Jating
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May 26, 2021, 12:04:05 PM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
Doesn't make sense, did you sell? If you don't then you are not in a loss, maybe your portfolio goes down though. The best thing to do is to just keep calm, bitcoin today seems to be in the recovery mode so it's better to just hold on it. Or if you are here for the long term, better buy in this dip. I can't advise what coins you can invest with lower risk, crypto market is very volatile and there is no low risk high reward ratio here. |
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btcltcdigger
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May 26, 2021, 12:14:45 PM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
Invest in USDT/USDC. That way you won't lose anything regarding market changes. Downside is you won't gain anything also, but hey. No loss is better than some loss, right? |
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15262kk (OP)
Newbie
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Activity: 20
Merit: 1
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May 26, 2021, 12:17:01 PM |
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have you sold the coins already? Yes i am |
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senyorito123
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May 26, 2021, 12:33:06 PM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
You lost? have you sold the coins already? because if not then you are still not losing anything but just the value. Keep the risk market is developing now , it almost breaking 40k now so in the soonest time it will come back to 50k so keep it mate and chill. Right, if you did not sell it then no need to worry about losing your money. It is only the value that change, but you can still hold it until the value will return to the amount you wanted or going higher and higher. What matters is your trust and awareness in every changes of price in the market. |
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husdemba
Full Member
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Activity: 1302
Merit: 115
Pepemo.vip
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May 26, 2021, 12:48:36 PM |
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There are great opportunities for daily business transactions in the market right now. It is very easy to catch coins that will bring 50% profit in a day. The most important thing here is to be in the right timing. I think we should make good use of this scattered state of the market  |
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bittick
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May 26, 2021, 12:59:44 PM |
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If you just seeking some stable investment that's not gonna make you losing any money then maybe the best investment for you is just to stake stablecoin and wait until it somehow make your money grow and let you recover your loss.
If you are asking which altcoin gonna bring you enormous profit it recover your lost instantly then no one know. tbh, there's also yield farming that could gives big return but the volatility is what stopping most of people, maybe you can try that way but remember it has the risk of making you lose your money due to volatility.
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Vishnu.Reang
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May 26, 2021, 01:12:28 PM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
Did you sold your coins, or are you saying that the portfolio is down in terms of fiat? If it is the first case, then you can only blame yourself. There are hundreds of threads here in this forum, warning the users not to indulge in panic selling. If you sold your coins despite all these warnings, then there is hardly anything we could do about it. If it is the second case, then there is no need to get rattled. We'll be back to the previous levels in a month or two, and the basics are still strong. Just need to sit tight. |
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tvplus006
Legendary
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Activity: 2296
Merit: 1655
To the Moon
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May 26, 2021, 01:19:54 PM |
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have you sold the coins already? Yes i am This was the wrong decision, but such errors are inherent in beginners who are afraid of the dump. For you, there is no other option but to analyze your mistake and re-top up your balance, start over. This market will still give you a chance to get back what you lost while following your trading strategy. |
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Fundamentals Of
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May 26, 2021, 01:20:39 PM |
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The coin which has the lowest risk is Bitcoin. So if you are looking for a coin on that basis alone, then look no further as Bitcoin is the safest coin you can invest in. But if you are going to add some altcoins which have also lower risks then don't look for low market cap, unpopular, and potentially promising coins. Just go for those that have already made a name in crypto through all these years. Ethereum (ETH) is a good choice.
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Bitcoinjheta
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May 26, 2021, 01:35:39 PM |
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have you sold the coins already? Yes i am It's a wrong timing and a bad decision my friend. You have to be more patient in holding gems however you have to move on from what happened on your first trading and serve it as a learning process for that is how risky dealing with market correction. Just buy again during the dip and chose the coin that is strong and profitable in future. |
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husnija
Member
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Activity: 168
Merit: 10
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May 26, 2021, 01:36:11 PM |
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you have to be realistic in the long term, be patient to avoid losses. but if you're willing to stop loss then looking for your luck in altcoins can be one way out and it's not something too bad
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JeffBrad12
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May 26, 2021, 01:41:33 PM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
The question is did you cut to lose your investment? if you were doing it and then you have been losing your money but if you have not cut loss your investment and then you lose nothing dude. Just hodl your asset until the price will recover again. The crypto market is very fluctuating at this moment. You can try to invest in the major coin but remember that if volatility can't be avoided. You must have dealt with the risk in the market. So many people have been facing the same thing as you and you are not one who has been losing due to the bearish trend., I have been losing my money as well. |
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bryant.coleman
Legendary
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Activity: 3654
Merit: 1217
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May 26, 2021, 01:41:57 PM |
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have you sold the coins already? Yes i am Bitcoin is still trading at sub-40K levels and you should not waste much time and buy back your coins (probably at a loss). I don't know which coins you were holding, but the alts went down on average by 40%-50% and that means that you will incur a higher loss if you buy them back. Anyway, don't get disheartened. Take this as a lesson. During my initial days (in 2012), I also did several mistakes with my coins. It's all part of life and I hope you will be in profit very soon. BTW, there is no point in regretting about past mistakes.. treat them as valuable lessons. |
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20kevin20
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Activity: 1134
Merit: 1597
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May 26, 2021, 01:45:11 PM |
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Dollar cost average during drops. It's the best thing you can do, but only invest koney you can afford to lose... if you can't afford to lose that money, just don't invest!
Bitcoin is VERY risky. Especially for newbies or emotionally-driven traders.
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Cvetik56
Jr. Member
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Activity: 173
Merit: 5
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May 26, 2021, 01:56:48 PM |
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You haven't lost anything if you didn't sell. If you're too scared just HODL. You'll see the profit.
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Atang Sulaeman
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May 26, 2021, 02:25:52 PM |
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I lost a big sum of money because of bitcoin fall. What can I invest in to avoid risks like that? Or at least to bear lower risks?
what you can do is if you hold BITCOIN you should hold it because the decline in BITCOIN will definitely occur towards the end of the year and will come back again at the beginning of the year, it is better if you hold it, don't let it go too quickly, and if you have more of your funds can invest in other altcoins, look for the 10 to 20 best from the coinmarketplace. may be useful. |
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TWW
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May 26, 2021, 02:33:02 PM |
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the focus has you cut your losses? or you still have your assets that are losing money?
to be honest you are brave enough for a beginner to put in your big bucks when the market is at its peak. and that's the risk, I'm sure you already know before you put your money.
If you are already CL, I think you can put your money in altcoins with a short-term asset estimate. I also used to do it for day trading. loss with one asset so I will move the money in another asset and look for other fortunes.
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