A sad story but you can learn something!

[Falcon]

To sell the token immediately is advantage in this case. During bull run to set a target price to sell the token is smart way. Profit is what I think the important here even it is not so much. Too much greediness must be avoided to anticipate the future regrets when the token price dump.

[Lutera94]

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

I think every project didn’t survive for long time, most of the project are failed to do Their best. As a result project are getting trouble. So the best way is take profit when project run well. But many project have really good future, for example eth, dot or link. This kind of project makes you happy for sure

[Konichiyawa]

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.

You know already that it is a shitcoin so why holding it??
Expecting for it to go up even higher?? You said it already too that your ego has eaten you and therefore you waited too much and you expected too for your "shitcoin" to go up.
Once a shitcoin, always a shitcoin so the lesson here is don't ever ever invest into shitcoin or I should say "Low Marketcap coins".

[Alcor]

At that time, many lost their investments. After good growth in the second half of 2017, altcoins lost 90-95 percent of their value the following year. This was probably one of the reasons for the long two-year bear market for cryptocurrency. Therefore, there are a lot of such stories. This lesson must be remembered. However, this situation is unlikely to be repeated with certainty in the future. Cryptocurrency is developing rapidly and market participants are gaining experience. Now they no longer invest in any new projects, as it was before. Therefore, now the most promising altcoins are growing in price, it is in them that investors are investing, and the garbage remains lying.

[Duckenth]

that's the risk we have to face in this Cryptocurrency, it's very sad. Very much money that is in sight is not taken, and finally its value decreases because the assets held have decreased. But at that time it was not only shitcoin, big coins like Bitcoin and Ethereum also The price went down.

[nomenclatur]

it's a pretty sad experience you shouldn't be too greedy because the end won't work well in the future because 64k USD is a lot of money for that time and now you only get $ 5k USD something very sad stories that happen in your mean a lot shitcoin in Bittrex so you lose a lot of your money.

[Andruha1993]

This is a great example for beginners. But I mean, we can't know when the altcoin will peak. It's all complicated, well, it’s better to really sell when the price rises, a bird in hand is better than a pie in the sky.

[iloveyobit]

Really sad story and i have the same by the way, back to 2017 i had some ZCL before the great spike of it and i made a really good profit me, more than 1000$ and its really huge, but i as a noob trader and i didn't use the stop lose because the currency later dumped and i lost all that profit adding to my capital, i learned the lesson.

[vitek146]

That is why investing in altcoins is a huge risk and prices can fluctuate very much, both up and down, so you need to be very careful when choosing a token or coin for investment. I can imagine your disappointment when the balance decreased from 64k to 6k, it is very upsetting, to put it mildly, but you had to be prepared for such a scenario. And if you bought bitcoins for this amount then you would already be a very rich person.

[H2O]

It's a very mind touching sad history ...I have also a bad experienced in cryptocurrencies market because in 2018 I had more than 500k MB8 coin but when it hitted the highest Mark in whitebit exchange then I again bought another 100k . But now mb8 coin a popular shit coin.

[Traderbtcc]

Your story is really touching and it's also a lesson for all of us, we should all learn to control our emotions and never fall in love with a particular coin, let's all learn how to manage risk and also make the right decision at the right time this would really help us in crypto. Thanks for sharing your story with us because I learnt something from it.

[Ghozrd]

~snip~

Good advice buddy, in 2017 I only had 2 coins in my portfolio, ethereum and Bitcoin, the crypto market situation was very volatile and I never thought about buying new coins because at that time I was new to the crypto world, so I was more careful in choose altcoins, especially for long-term investments.

[pealr12]

Similar thing happen to a friend of mine, in his case he was too naive and a newbie in crypto so he didn't fully understand those figures won't be there for long, his very fat wallet shrunk before his very own eyes and since then he lose the interest to return back to crypto and learn somethings.

[Bitstar_coin]

I agree @op, shitcoins can't be trusted and should not be kept for too long without selling a good number of it and leaving a very few behind,  there is a popular saying  :you snooze you lose" if you don't sell shitcoins at the time you are suppose to, you will end up regretting your actions.

[Callisto]

The story is certainly interesting and very sad. I think you still have everything in front, do not get upset, because there will still be such pumps, and in general, of course, you always need to fix your income on the stock exchange after each transaction.