How much money have you lost in the crypto industry?

[rizqillah]

If you want to hold for the long term, you must have free funds or reserve funds for emergency needs. because sudden needs sometimes make us have to sell our coins and if the market is down we will experience losses if we have to sell them.
free funds are needed for long-term holding.

That's why not everyone can hold for long term.  Everyone wants to take the opportunity of high profit of crypto, due to which everyone jumps for investment but they don't think about their upcoming days how they will meet their need of money in emergency moment where they invest their money in crypto. Then they monitor the market frequently and panic when prices drop. And on the other hand they sell them at a loss for their emergency needs. So investing in crypto is the amount of money you won't need easily. In that case you will be able to hold them for a long period of time and only long term holding can get good out of crypto.

you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.

[Gurujebs]

you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.

If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.

It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.

[enwi]

you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.

If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.

It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.

You are correct about unrealized loss pertaining to an investment as it is not an issue as long as they do not spend or utilise the funds that are invested in the short term, in this instance they are waiting for the price to rise. Panic in front of the falling prices is dangerous as in the crypto market which is often characterised by major fluctuations is only going to make one act in a manner that will not be greatly profitable. When the funds do not have an impact on the major funds, then there is no pressure of dumping the assets in the market at depressing prices. Indeed, when the price high is low, increasing the quantity could be a reasonable approach to optimising the price per share and potential profit. The conditions in the market do not remain static and at times the immediate returns may not be so promising but long term vision always brings in more returns for those those stick on to their core fundamentals and keep on looking for the opportunities despite the market operations.

[JISAN]

you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.

If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.

It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.

It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.

[Gurujebs]

It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.

You can actually get some profit real quick but the way you can get them real quick is the same way you can loss them real quick. Some altcoins are very volatile in the sense that you can make 30% a day but come back the next day to come view the chart again where they are trading, they will be down another 15% because of sell pressure and may even go down more.

If you have plan on buying and holding altcoins, just make sure you are doing it in a way that you will not be pressure to need that money later else you will be tempted to sell at loss especially now that it's very hard for altcoins to grow like before.

[target]

It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.

You can actually get some profit real quick but the way you can get them real quick is the same way you can loss them real quick. Some altcoins are very volatile in the sense that you can make 30% a day but come back the next day to come view the chart again where they are trading, they will be down another 15% because of sell pressure and may even go down more.

If you have plan on buying and holding altcoins, just make sure you are doing it in a way that you will not be pressure to need that money later else you will be tempted to sell at loss especially now that it's very hard for altcoins to grow like before.

It must be considered the unrealized gains which isn't really a loss unless you have sold already while the price is below the buy order price. I have same experience that I bought an altcoin and went really high in the bull run, I didn't sell and then i never thought that bear market will pull down the price down to less than 20 cents.

Quite as a people have expected, the price took a sharp dive in the deepest well from $48 to $0.20. I didn't really lost any money since I earned most of the coins I have and turned it as my capital investment.

[rachael9385]

I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.

Actually everybody have their stories to tell based on the experience they have gotten from the crypto space and if not from the crypto space maybe from the hands of some scammers or some crypto ponzi scheme project. However, from the beginning I have been scammed but I didn't relent because I was willing to be knowledgeable about crypto currency and how to invest on it. I first heard about Bitcoin from a friend, but to my greatest surprise the person is not investing on Bitcoin. Although I have lost little to the hands of scammers but that didn't stop me from learning or investing in Bitcoin.

[Mr. Magkaisa]

        -      Maybe if the futures activity I did was more than 200$, I would have lost more than that since the time I made an actual trade here in the crypto space. And that increases with every futures trade I make when I get liquidated. But of course, as long as we can avoid liquidation, we will do it.

But we can't avoid that as traders. But what's important is that we just save as much as we can through dca in potential crypto assets in the future.

[Mate2237]

The best way to gain in this industry is the investment while the best way to lose is the gambling and trading sector. And the risky among all is the gambling sector and gamblers have lost enough for that sector. And another group of people also lost funds in the cryptocurrency ecosystem are the short term investors. But the long term investors always recover their lost after a long period of time.

For traders and gamblers they lost fund either daily bases. But the specific amount can't be known again because they have loss good amount of money.

[Mr. Allcrypto]

you are right if we use money that we do not need in the near future, we can do long-term hold. of course bitcpoin is the main choice.
everyone has needs, and we must have savings or reserve funds so as not to interfere with crypto investment for the long term.

If you are crypto person, unrealize loss is not something we have to worry about, that's why it's always advisable to used the funds you will not used soon, with that in mind you wouldn't be compel to sell your coin at loss when the price is down, it's always better to use funds that you are not going to use any time soon.

It's even advisable that you should buy more coins when you are in a loss, it will help you average your price especially when you buy more of the coins when the price is low, you will can quickly exit incase you have a change of plan later in the future when the coin goes up again.

It is important that you invest in crypto in an amount that you can hold for a long time. Because it is not always possible to get something good from crypto quickly. If someone is in a loss and can invest more, then DCA will be there. And DCA always reduces investment risk. If you can invest at both high and low rates, it will result in a normal price that can be recovered very quickly.

Most of time, people get into crypto not really understanding the full basis of what's actually involved in it and also some of them id due to other people testimony on how maybe they got some kind of quick returns which is actually the worse of everything because that's the same mentality that get people into trouble because they don't understand what's involved and invest huge money on maybe the particular coin and when they realize everything's not the way it is, it's obviously too late.

[MrSpasybo]

I am sure many people gained a lot worth of money while playing in this very exciting cryptocurrency industry where huge opportunities and big risks collide...sometimes doing us some favor and sometimes also taking something from us. Through the years, I have had been exposed to scams, frauds and mistakes that in retrospect could have already made me rich at least in my country's standard. In my estimated, I think I lost at least $300K mostly in terms of potential earnings primarily because I let go of my 2 Bitcoin maybe around 5 years ago and made many mistakes (including getting into bad programs and projects) that cost me good amount of coins and tokens along the way.

Well, $300K is a huge amount, but luckily it's just an estimate, not the actual capital you brought into this market. Speaking of that amount, I've also lost quite a bit, having missed many opportunities to take profits at the peak, only to end up cutting losses @@

I used to have about 1.5 ETH in 2017, when they were only worth about $1.5K, but sadly, my account was hacked by a professional scammer, a once-famous KOL in the crypto community. If I had kept those ETH, they'd be worth $3K now, and could have helped me buy a lot of electronic equipment for my work.

I also had quite a few CMT from the CyberMiles airdrop, but unfortunately, that project failed. If I had sold those tokens in time, I might have had a few hundred $ more to DCA BTC during the 2018-2019 crypto winter. At least, even if I couldn't get rich, I wouldn't have lost money compared to the capital I invested in this market since 2017.

[Z-tight]

But the long term investors always recover their lost after a long period of time.

It depends on the coin that the long term investor is holding, if it is altcoins, then i am not sure holding it for the long term is a good idea, we all know most of them are pump and dump coins. However, if it is BTC, then it is great to hold BTC for a long time.

[Thyplaymaker]

In the crypto industry we have loss some amount of money ( is inevitable) and we have also made good amount of money from this space the losses is all the process to the point you will start gaining .

The only thing I will keep telling people is that no matter how things is going either you are making some losses just going especially what you are doing is something you learn from , and same time it will benefit more in the nearest future

[legend45]

But the long term investors always recover their lost after a long period of time.

It depends on the coin that the long term investor is holding, if it is altcoins, then i am not sure holding it for the long term is a good idea, we all know most of them are pump and dump coins. However, if it is BTC, then it is great to hold BTC for a long time.

I also see only bitcoin as suitable for long-term investment, this is what makes me always keep bitcoin in my wallet, selling some for the bullish season but I still keep it for long-term targets, because I think bitcoin is a very valuable crypto asset for the future.
I also keep some altcoins but only to be sold during the bullish season.

[omori]

In the crypto industry we have loss some amount of money ( is inevitable) and we have also made good amount of money from this space the losses is all the process to the point you will start gaining .

The only thing I will keep telling people is that no matter how things is going either you are making some losses just going especially what you are doing is something you learn from , and same time it will benefit more in the nearest future

It's not shameful to make mistakes.

It's shameful not to learn from them in the long run. I definitely agree with your take on it.