The Loss That Taught Me

[Nexta]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

[Charles-Tim]

That loss hurt, but it forced me to face reality: not every project recovers.

Almost all coins are not recovering. If you think that I am wrong, just go and check their prices since they are lauched. They can be pumped but once they get dumped, that is the end of their all-time high. Only few are getting to all-time high.

There are many of them that exchanges later get delisted while many of them remain as shit coins.

[Hatchy]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

Sometimes we let the losers run and hope it reverses back in profits and we cut the winners just too soon due to fear of losing all. One thing I've come to notice in the market is that we are easily control by two factors, that's fear and greed. So many people have lost good amounts of profits to the market out of greed, hoping to get a fortune. They forget literally that the market is not theirs and any opportunity you get, should be well managed.

During losses, we all hope to recover even if it's a little and promise to leave the market, but unfortunately when we are given that chance we begin to contemplate weather to let it run..

[Stalker22]

A win just proves you were right, but it does not teach you anything.  You learn from losses that make you say, I wont do that ever again.  Thats how you actually get smarter.

[Mpamaegbu]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

That's why it's advised that we invest what we can afford to lose. That's the mindset to adopt whenever we're investing in anything. I mean anything at all, including Bitcoin. Just put the money in there and forget it. If it turns out profit, fine. If it doesn't, it's still okay. Just move on. There are some tokens that were almost forgotten a few years ago that are pumping now. A few of them like Bilicat, Wikicat, Mumu, are pumping now. Those who hedl them, are now feeling lucky. I'm sure most of them may have even lost hope of a recovery. Crypto is a crazy place, honestly. How do you justify a token like Mumu that had a marketcap of less than $3k just two weeks ago doing almost $1 million MC today? I'm not shilling for any of these projects but I just needed to cite them as examples as they're current happenings that I'm observing. I won't even ask anyone to buy into them now as price has already gone high. This goes to show that in this crypto space, surprises are a common thing. Don't write off any project. Someone might pump them tomorrow.

[robelneo]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

Only invest what you can afford to lose. I have been in this situation many times. Development was good; the project was following the roadmap, but it was not receiving the support that many of its investors had hoped for, until the project lost its value.
Sometimes, you have to cut your losses, even if it hurts, and learn to move forward. Some criteria do not apply to some projects, so always be prepared to dump, and when you dump, accept whatever the outcome is.  

[passwordnow]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

You are not the only person that experienced that. Because I also went through the same experience and guess what? I don't want to sell them at losses anymore. So if I further loss on those coins that I've purchased, I let them be. We have to face the reality on this market that if we're already in a loss, we have to accept it and that's because we don't know if it's going to take a while until we recover them. If it's already as good as loss, take it and move on.

[Ruttoshi]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

That's why it's advised that we invest what we can afford to lose. That's the mindset to adopt whenever we're investing in anything. I mean anything at all, including Bitcoin. Just put the money in there and forget it. If it turns out profit, fine. If it doesn't, it's still okay. Just move on. There are some tokens that were almost forgotten a few years ago that are pumping now. A few of them like Bilicat, Wikicat, Mumu, are pumping now. Those who hedl them, are now feeling lucky. I'm sure most of them may have even lost hope of a recovery. Crypto is a crazy place, honestly. How do you justify a token like Mumu that had a marketcap of less than $3k just two weeks ago doing almost $1 million MC today? I'm not shilling for any of these projects but I just needed to cite them as examples as they're current happenings that I'm observing. I won't even ask anyone to buy into them now as price has already gone high. This goes to show that in this crypto space, surprises are a common thing. Don't write off any project. Someone might pump them tomorrow.

Only a few of these tokens can pump in price in the long run and majority of dump slowly overtime just like what OP experienced. Most of these coins are pump and dump, they have not that they ve no utility. Most times, it's always a rebrand of a dead project with a different name for the same purpose of scamming people.

Altcoins are for short term and not long-term because they hardly recover and if you're lucky to invest on a coin that uou saw the price pumping, it's better that you sell it and take profit immediately. Only bitcoin is worth holding for long-term because the price increases overtime.

[Pandorak]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

A trader or investor must understand that there is no guarantee that the coins they hold will increase in value, even if the fundamentals of those coins are strong. The saying "IF YOU HOLD, YOU BE RICH" is indeed encouraging, motivating holders to hold on to their coins with unwavering faith in the project team. However, some coins may disappear entirely due to the project being abandoned or the developers leaving. This is why risk management is crucial, we must have the right strategy to survive in the highly volatile crypto market today.

[Hispo]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

Well, people usually learn more from their mistakes and their failures than they do from their success, that is a fact.  So naturally, it is part of the trading experience and also investing experience to commit mistakes and lose money for the sake of experience.

In my case, I have lost money in the past because I decided to invest some bucks in Litecoin while the whole cryptocurrency market was experiencing a bull market.
It learned the lesson and since then I pay more attention to what I add to my portfolio and when I do it.

[o48o]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

I don't think there's too much to learn from this other then not putting more in then you are comfortable to lose, as there's no way of knowing if it's rising back or not. People who end up holding, and it goes back up will be seen as smart diamond hand investors, even though they wouldn't have known if they are losing their money or not.

And let's remember that with -95% drop, you need 1900% increase to even come back where you were. So if you really think it's going up, smarter option is dollar-cost averaging. But then again, there's a change you are wrong and you are just burning more money.

I've learned that almost anything can moon or crash, and fundamentals don't always have any part in that. And that you can't trust ANYONE knowing better, unless they are manipulating markets and benefiting that way. There's nothing wrong with cutting your losses or keeping on holding, but likely with most altcoins you are going to lose by holding.

I have also learned that TA seems to be more like mass delusion and full of crystal ball readers, then people doing actual analysis (which isn't that profitable when you try to cut risks in it).

I have experience with cryptocurrencies, and i used to watch everything very closely, but people seem to think that insight is more useful then it is. I would like it to be more useful, but i don't see how it could be.

[Bd officer]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

In fact, many people have had such experiences, many have lost a lot of money by investing in Memecoin or Shitcoin. Bitcoin is the only currency that can be expected to make a good profit if held for a long time, besides all other currencies are very risky, which should not be held for a long time, it is wise to sell them if you see a small profit. I don't know which coins you have invested in and suffered losses? So learn from mistakes, so focus only on holding Bitcoin when the market falls. And don't use more money than you can afford to lose.

[DeathAngel]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

We’ve all held bags & watched them wither away to nothing. It’s character building & teaches you a lesson in what to do in the future. When a coin you hold is pumping & you think it’s going to the moon, that’s when you take profits.

[TESY]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

I also had a similar story when Luna was going down O thought its a very good time to buy the dip on which i also lost much more when u see a coin falling better quit asap

[gunhell16]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

All of us traders are survivors in this crypto industry, OP. We need to know what we're doing to survive here
because we can't rely on anyone else but ourselves.

That's why crypto trading is no joke. It requires intense determination and real dedication,
just like what some of our fellow veterans in the crypto space often say.

[Stable090]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

Thats altcoin for you, and that’s why I don’t encourage people to invest in altcoin, the only coin which am always confident of whenever I invest in it is bitcoin, I know no matter how bitcoin price drops, it’s going to bounce back even if it’s going to take time, but some altcoins might never bounce back after dropping, and some coins are always real which you will be confident in them that they going to bounce back even when they are dumping, but don’t be surprise that they not going to bounce back, have seen different altcoins do that before.

Whenever am holding bitcoin, and the price keeps dropping, I don’t always panic, because I know it’s going to bounce back, but if am holding a altcoin, and the price is dropping, am always cared because anything can happen to the coin, it might not bounce back.

[coin-investor]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

One of the cardinal rules of investing in cryptocurrency is not to have an attachment to coins or tokens, regardless of how you found them or who recommended them.

You need to understand that the market is very volatile, one moment the coin is being hype, the next hour it is being dumped. Always be prepared to dump or cut your losses.

Only Bitcoin and the coins or tokens that are in the top 10 are worth holding if it’s a new coin or a coin that is not yet fully established. Be ready to dump it when the situation arises.

[Ndabagi01]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

Facing losses are quite something common in cryptocurrency especially when you mainly invest in altcoins. The risk associated with altcoin does not make you escape losses even if you’re the best risk manager no matter how good you are at it. I have met with many losses in the past and it’s better to take small loss than big loss while giving yourself hope that the project will bounce back.

The best way to escape this is by not risking more than you can afford to lose, by doing so, even in loss and a probability of the coin pumping back, you’ll still be at ease and not want to take profit in a loss. Risk management is essential in altcoin investment, invest what you can afford to lose and when you’re in profit, it is better to take profit than hoping for a more profit when you’re already in one. Bitcoin is very unpredictable.

[Onyeeze]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

this is one of the factors I normally emphasize on for cryptocurrency investment especially altcoins investment because some of the projects that you might think that it will survive, where are the project that died on the process of holding so that is why anyone who is trying to hold any currency the person needs to make inquiries very well to know if the project is going to survive or not, so before holding any coin I think that is necessary for someone to make investigation about such Project because there is every possibility that any project come give off at any time so it is better for you to hold for short term instead of holding for long term that is the one of the mistakes we make when we see a new project into it and purchase it in a larger form thank you that the project is survive but at the end the project die off, and immediately the project die we lose everything

[Marykeller]

I once held onto a coin as it dropped, convincing myself it would bounce back. Instead, it kept falling. Selling felt like failure, but holding felt worse.

That loss hurt, but it forced me to face reality: not every project recovers. Risk management isn’t just advice,it’s survival.Have you ever learned more from a loss than from a win?

The heartbreaking reality about altcoins. That's why it is important to sell when you have some gains rather than hodling much longer, thinking it will keep pumping in price without declining. That will be a regrettable mistake to think that way because most altcoins are becoming pump and dump coins that hardly recover in price when they decrease terribly.