A sad story but you can learn something!

[Thymoty]

This has happened to me too. At that time my portfolio was worth approximately 10K USD, I was holding a lot of coins from the bounty project, and I expected the price to increase in the next few months. Instead of going up, the price went down even more, and I ended up selling all the coins at around 1K USD. And now the coins that I have sold have become shitcoins. LOL

[alltalk]

It is a very basic thing in crypto, every crypto user must know if holding shitcoins for a long term is too risky. If you see the price is good enough to sell the shitcoins, you are better to sell all of them. Then, you can buy top altcoins for long term or short term investment. Converting your funds from shitcoins to top altcoins is the safe way to keep the potential of the growth of your money in crypto investment. Don't risk your money on shitcoins, especially those shitcoins which have very low volumes on the market. They can be delisted or removed from any exchange suddenly.

[Bit]

So sorry to hear that. But investing in shitcoin is always risky. We can choose that kind of coin for trading and not for long term investment. Many shitcoins are going to end and become a dad coin. Moreover, it is about shitcoins from new projects that are not listed n exchanges. They are really shitcoins

[ayatoslaw]

So sorry to hear that. But investing in shitcoin is always risky. We can choose that kind of coin for trading and not for long term investment.

Not only investing, even if you decide to trade shitcoin is very risky, you could lose more than 50% in just a few hours.
My advice is that it is better not to choose shitcoin for any purpose, because when you lose your funds, you will have difficulty recovering your funds.

[Delgboke]

This one is a touching story that every cryptocurrency user should learn from its mistakes for holding a shitcoins for too long until the price value drops from hiS own eyes, for me some times when you look at what is before you, the challenges, responsibilities and many other things you need to put in order you wouldn't settle for less, mostly looking money in crypto is because of greed.

[pelana vreo]

-snip-

Yes, it is difficult when you choose a new coin and it will not necessarily have a high price in the next few years, everyone will definitely experience a cutloss and they will learn from the experience, now we have seen that there are many new coins and have a 100 rating on coinmarketcup, all it won't last long, because a market correction will occur and we just have to wait by choosing an altcoin with a good trading volume so as not to suffer big losses

[Tepona]

There will be ups and downs in the cryptocurrency market. Here good coins can turn into shitcoin. So there is no group play of emotions. I think the cryptocurrency market never indulges emotion.

[Stuart]

This is terrible. I have had an experience of this nature, that was 2018, after the bull run in 2017. Though I did not put in capital, but I gave it a full time. When the pull back started, I made a little investment, and waited for a year, but the bearish nature of the market made me to diversify my bitcoin into other altcoins. Now, I regret the action which I took at that time.
One thing about crypto is that when the pull back starts, it's hard to hold, to avoid total loses. For that cause, sell, and place it on USDT to see the market trend, and jump in again.

[nadyn]

Probably, each of us went through a sad story. With no experience, I held a lot of coins and thought that they would go up forever, but when the market began to fall, I was sorry to sell coins for next to nothing. As a result, huge amounts in wallets turned into minus 90%.

[TERMINO]

Shitcoin is not recommendable to hold for term because the quality of the coin is not 100% assured. The momentum is shifting every time that really scary to hold the shitcoins. I think it will be appropriate if sell them immediately once it is listed to grab the high price before the dump.

[Andalusy]

it is a story that can be learned in it. I agree with the closing thread ahead. that we should avoid holding shitcoin in the long run if you are not mentally and financially strong.

[Sammy9ce]

Too sad... Something like this happened to my bro though. The best thing is to sell out the shit coins once it hit a high target.

[Galley]

Most of the people present at the forum have visited this situation.  Many believed in the inviolability of bitcoin and its growth.  Many hoped that shitcoins would only go up, but not destiny.  In the end, everyone had a bitter experience.

[ALTdetectoR]

Almost all investors or traders already have their own analysis and know when prices go down or rise what to do. If you do not have an analysis and position when trading / investing, you will get disappointment and loss, not profit.
64k is a big number for me. But why don't you as an investor or trader have analysis? or you just want to throw your money away?


Regretting what happened is useless. Make your past a lesson to be even better in the future

[Freemind]

From everything that happens to us in life we ​​must learn, some, like the protagonist of this story, he has learned the worst of the world of cryptocurrencies, but he has also learned to do things so that something similar does not happen to him again.