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Crypto investing in the losses. How about you?

Discussion in 'General Discussion' started by Rabia Abid, Aug 25, 2018.

  1. Rabia Abid

    Rabia Abid Contributor

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    Started my investing late dec 2017. Had lots of profit from tron n stellar but lost it all now. So far as of march im down $9000. I deposited my 2 month pay checks into crypto with all of it missing. I been trading rather than holding every since finding new info. But damn so much lost. Credit card down the hole too.
     
  2. greta85

    greta85 Scholar

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    Sorry to hear. I hope that your financial situation will improve! Taking into consideration the current market situation, what do you think about investing in these currencies? I plan to buy them, hold and then sell in parts with a profits. I did the same with the FTO (https://futurocoin.com/) and I can't complain about the profits. I do not regret this decision.
     
  3. GuardianofCrypto

    GuardianofCrypto Master of Trolls Staff Member Super Admin

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    Everyone that hopped onto the crypto train in November-December of 2017 is pretty much in that hole.
    The best thing for you to do is average down or hodl and consider it a long-term investment.
     
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  4. MAGA

    MAGA Master of Crypto Staff Member Super Admin Premium Member

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    I'm down from all time high, but been invested since 2014 so overall I'm still way up. Been buying more now that everything is dirt cheap though, great time to average down for people that got in during that timeframe.
     
  5. FutureICO

    FutureICO Scholar

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    In recent years, I have understood it is BETTER to trade in Crypto instead of holding them. And that’s where I have started with companies like TP Global FX; it is an ideal broker and makes you feel incredibly confident with working in every way. The mighty benefit is that you can gain even if the markets are down.

    And the spread is lower, high leverage (high chance of making profits) and there is instant execution, so to me this is the SAFEST way of going about things IF we are really serious about crypto trading. And of course, it is fully regulated with segregated account system in place as well.
     
  6. Arpit

    Arpit Moderator Premium Member

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    I agree with with @MAGA and @GuardianofCrypto advice.
    Anyone who got in from August to December is in that hole.
    One of the ways is to average down.
    I personally took the road to trading and slowly brought down my positions into profit. But be advised that it is not December and the returns are slow. Also, trading is a bit more risky.
    But if you read the market daily, chances are, you will end up understanding it. It is a dynamic process.
    You may average it out as of now. From a medium term perspective, these prices look really good.

    I share some of the calls that I personally trade, here on the forum. You may check them out, just in case it helps.

    https://mastersofcrypto.com/forum/threads/trading-call-4-substratum.43091/

    https://mastersofcrypto.com/forum/threads/tradingcall-3-quarkchain.43090/

    https://mastersofcrypto.com/forum/threads/trading-call-2-btc.41731/
     
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