A sad story but you can learn something!

[Lutera94]

I have a friend from Pakistan and express her emotions, you can read & feel the pain ----


"In 2017, When most of shitcoins were at their peaks in BTC pairing,my portfolio was also  high in sky.I had some 64K USD in my bittrex account at that time. 64K USD may seems normal amount for you people but in my country (Pakistan) 64K USD mean you have half of the world's total money. (😅)

I was University student in 2017, I didn't attempted my smester exams saying "Who the hell needs a Degree when you have million of RUPEES in your account."So you can imagine how egoistic my life was getting with every pump in shits'market.I was in fantasy of hitting  million Dollar mark within year.

Then started the Downfall.Every day i started loosing  8% 10% 15%. Every shit coin was dumping like there was not a single buyer in the market. I thought no problem its a normal market pull back for another bullish wave. But that bullish wave never came back. My balance dumped to 5k 6k usd. In despair i sold  all my holdings to pay my university Fees.

What i want you to learn is : Never Hold a shitcoin for to long sell some of your holdings when it hits your least possible target. Atleast sell 40% of your holding at minimum target area. You will never be in trouble if you manage your money like this.

................This really is financial Advice-Follow it for great trading experience.
Regards"

[viki]

This is a very terrible story.  It is a pity that a huge part of the deposit was lost, of course it was necessary to fix the profit, but in 2017 few people thought about it.  I think people expected bitcoin to grow even more, but something terrible happened and bitcoin fell.

[Quantum X]

Well, we all did. But of course it's important that we learned and notice how much we were greedy. Now our wisdom from the past will helps us to ride the bull run for this year.

[ranaprime]

This is really very sad story. It will be the lessons of all the shitcoins investor. I agree with you that if the price raise up at expected position then we should sell at least %40 token which are hold by you. Always try to avoid risk as much as possible.

[shadowdio]

Well I guess we had the same situation when the market was bullish but not the same high amount that he earned from shit coins. I only earned around $1,500 from shit coins and I also lost a lot of money when the market starting to bearish, it is really not good to be greedy I already learned my lesson. Just be satisfied with your profit.

[Vladok]

I always try to lock in 50 percent or more of my profits because I've also had the unfortunate experience of not selling my coins and waiting for more than X, but in the end the coins just became worth very little.

[Freemind]

@Lutera94 very sad what happened to your friend, unfortunately very similar cases happen every day. Diversifying I think is the best way to have "guaranteed" profits in case things like this happen, although all this can not always be foreseen logically.

[gurunanakji777]

It happens with many of them even in 2018 I have 25k USD portfolio but now today its less than 1000$ it is all because I mostly hold shit coins that are pump and dump coin and I don't have much expectation from shit coins to pump but learned a lesson the same thing happen in your post. Virtual money is virtual unless you cash out so always book the profit time to time don't hold for long if you have a little doubt.

[saprakib]

I have a friend from Pakistan and express her emotions, you can read & feel the pain ----


"In 2017, When most of shitcoins were at their peaks in BTC pairing,my portfolio was also  high in sky.I had some 64K USD in my bittrex account at that time. 64K USD may seems normal amount for you people but in my country (Pakistan) 64K USD mean you have half of the world's total money. (😅)

I was University student in 2017, I didn't attempted my smester exams saying "Who the hell needs a Degree when you have million of RUPEES in your account."So you can imagine how egoistic my life was getting with every pump in shits'market.I was in fantasy of hitting  million Dollar mark within year.

Then started the Downfall.Every day i started loosing  8% 10% 15%. Every shit coin was dumping like there was not a single buyer in the market. I thought no problem its a normal market pull back for another bullish wave. But that bullish wave never came back. My balance dumped to 5k 6k usd. In despair i sold  all my holdings to pay my university Fees.

What i want you to learn is : Never Hold a shitcoin for to long sell some of your holdings when it hits your least possible target. Atleast sell 40% of your holding at minimum target area. You will never be in trouble if you manage your money like this.

................This really is financial Advice-Follow it for great trading experience.
Regards"

Its really a sad story and many things is here to learn .However i always follow my won strategy and i never hold my shitcoin on my all amount and actually i don't buy the looser coin cause i didn't get believe on that .I always trade on top coin  .

[robert20]

Being greedy can prove very dangerous in the crypto market because the market can go down in just a matter of seconds i also losted many money during trading. so never get too greedy and exchange at least half of your coin in stable coins

[ife2020]

This is a sad story to be very honest; and i will state a reality now, you should never hodl any token for too long. The purpose of investment is to buy, hodl and take profit when it is available to be taken. The market is filled with more bears than bulls price

[Fivestar4everMVP]

This is really a pathetic story, I can imagine the trauma, I have been on this same lane before and several time for that matter, but the good news is that I've learned the hard way, and this days, I had keep shit coins, ones they come in, either from bounty or I bought them for whatever reasons, ones I see a good price to sell, no matter how small, I sell it off and act like I never owned any of it if for some reasons, the price began to rise in the market.

[gotbounty]

There are many stories like this, holding shitcoins mean that you waste your money. Many new coins are here deceiving, only pumping with the hype and then falling down every day. The price is only high enough at the bullish market and will down to earth until being dead coin after it all. That is what shitcoins can give us. Better to make it for daily profits

[ayatoslaw]

The price is only high enough at the bullish market and will down to earth until being dead coin after it all. That is what shitcoins can give us. Better to make it for daily profits

If we are stuck holding shitcoin, then we should learn to do research properly,
Good coins have a clear road map, and progress is seen at least every few weeks, be it technology, marketing, products that make the coin price go up.
If there is no development and only a concept then we better leave it.
Investing is not just about getting the most return possible, but about keeping our money in a place that has a clear future and development.

[TomPluz]

Almost the same story happened to me also in 2017. At that time, I had around $10K worth of coins and tokens in my MEW account because most of the bounty projects I supported really made to the top of the chain. Then in 2018, after the bull run, the catastrophic cryptocurrency winter started. Naive as I was, I continued holding on to my digital assets until they were almost worthless. We know that most of the ICO projects in 2017 are almost all dead today, with only a few exemptions. In fact, I am not alone with this experience, many got into the same story and this is the big basis why many bounty hunters are selling their prize by the time they received them.