How to recover after losing it all?! Also general fail thread

Is there a possible way to recover in this market? My title was inflammatory, and I haven't lost it all, I am still above my initial investment in cryptos and as far as I'm concerned that is winning. I know there are others like me here, but I also know that there are those who have lost it all who don't post here because why would they?

What do you do when you have a series of bad trades and deplete your portfolio by a significant amount? Do you just take a break and hold for a while? Do you diversify more of your portfolio to protect against losses? Do you use cash infusions to prop it up?

I'm kind of at a loss here. I'll just be brutally honest and explain my situation. I'm unemployed. I have been for a few months. I had some money saved up, and after watching bitcoin all year I finally decided to say fuck it and get in when it was around $9,000. Of course I was just getting started, and due to verifications and the like I couldn't put that much money in at a time. So it was $100 here, $200 there, $500 there (which was my max weekly limit for a while). Keep in mind I'm getting no cashflow.

So I had put in about $1500 total as of a couple weeks ago. But due to investing slowly over time I still didn't have much, maybe just a little above that amount. Decided to buy 2 LTC for 100. Sat on it for a week, then when it shot up to 120 I FOMO'd on not having more and dumped all my .097 BTC into LTC. It seemed great, it shot up so fast and I made so much money, I was ecstatic, absolutely ecstatic.

And then through a series of bad trades I nearly wiped out my gains. Luckily some of my LTC was stored on coinbase and I didn't touch that. But my bittrex account pretty much got cut in half compared to the peak when LTC was at 380. If you want I can go into the details of my trades, so that other noobs can learn from my mistakes.

I was high on profits and. And I think that subconsciously it fucked my mind up by tricking me into thinking that it could always be that easy

cont'd

If you want I can go into extreme detail on all my trades, as well as the discord groups that get shilled on this board, which is a large part of my undoing.

ALL YOU HAD TO DO

WAS ___NOTHING___

My DGB portfolio was worth 52 Bitcoins. I held all the way down to 8 Bitcoins. I'm absolutely fucking retarded and there isint a night I sleep because of this. I'll never recover.

Wait how did you even lose all ur shit?
You couldve even followed the threads on Veeky Forums and u wouldnt even have hit ground floor
thefuckmymane

the answer is not getting attached to any of the coins you buy

i held bags of some shitcoin for 4 months, didn't make any gains whatsoever.
eventually sold most of it and bought several other coins. im almost at the point where im making 500$ a week.
my goal is to make a 1000 a day

Well to be fair I didn't lose all my shit. But my portfolio was essentially cut in half by my actions. It all started with potcoin, which was shilled on Veeky Forums mind you.

I decided since I made a couple thousand in profit off litecoin, that I could afford to invest a modest amount in another coin and hopefully make a modest profit. So I put $300 into PotCoin last tuesday at 38 cents. It seemed like such an obvious no brainer to me. Rodman will go on Colbert, normies will see, and then they will go buy potcoin. He gets millions of viewers a night, even if a small percentage bought it that would be enough to pump the value higher. So I went to the movies that night resting easy that after the show I would have a nice little profit of maybe 40 or 50 bucks. The opposite happened. It pumped all day and the price dipped during the show. I sold at .34 and lost about 30 dollars. No biggie. Here is where I fucked up, here is where my crypto dreams turned to nightmares.

I was up late that night from the movie. Instead of being on my good sleep schedule it was fucked. I stayed up late watching the markets, wondering if there was something else I could invest in to make that $30 back and then some. I think I put so much mental energy, and was so confident potcoin would go up (even though I knew it would just be quick) that I felt I NEEDED to do something to make the money I thought was mine.

Ripple was exploding that morning. Just pumping hand over fist. I thought this is perfect, I can put my money in here, take it out soon and make back that money. And it worked. I was dumb but I went all in on ripple at .82 cents, then it went up to .89. I was ecstatic, I made back my gains. I went to sell and the price began to dip rapidly, under the price of what I bought. In a panic, I sold it at .72 cents.

At this point my portfolio on bittrex went from a high of $3300 or so (I mean almost 4k when ltc peaked but about 3400 after it stabilized) down to 2600 or something

continued and it gets worse. And this part may have happened before ripple. It all blurs together at this point. Having lost some money and being desperate and up late, I clicked on one of those discord links that get shilled here. It was Vizard's group for those of you who are familiar.

I was in the group and thought these were just aggregate discussion groups where total knowledge would help everyone. Stupid. Anyway, so I'm in this group and they're talking about Monaco and how it should go up. I do some research and find out MCO is having a press conference announcement about 20 minutes from the time I joined the channel. I thought that this was it. My chance, I remember how much LTC went up after Charlie's CNBC appearance, and thought this coin would too. I again foolishly went all in when the coin was at $20. Immediately after the press conference began it dropped to $15 and I lost 20% of my money. I sold quickly and felt like an idiot. Still not understanding why the price went down when they announced MCO being on two more exchanges.

So by this point I had like 2300 or something. Maybe less, I can't remember. But I just felt like such a retard. Half the reason I even sold anything after my potcoin debacle was the price of Litecoin. It kept going down and down from it's ATH, people said maybe it went too high too fast. I thought that it might go down to 200 or less, and wipe out the majority of my gains anyway. So that's why I was able to part with it.

After the MCO and Ripple fiasco I freaked out and realized how stupid I had been. But that didn't stop me. I saw an obvious pump n dump moon mission that was HumanIQ. Kept wishing all day I had invested as I saw it rise, held out, then finally bought in at .90 cents. ALL IN! then it went up to 120 and I tried to sell, then up to 130. Bittrex was slow and buggy and I couldn't sell in time and it crashed below what I bought it at. Lost some on there was well.

So now I'm down to 1900 or so on bittrex (thank god for coins on coinbase that I never transferred). And I get in what seems like a decent discord group. No organized pump or dumps or anything like that, just a guy giving "advice". He starts talking about THC hempcoin and how there's a big announcement on saturday. How the price will shoot up. Well I went all in, and the price never went up, didn't really go down either, they never made the announcement, so it was kind of a wash. No biggie. At that point (friday night sat morning) I dumped everything back into Bitcoin since it was rising.

This seemed to work out well and I made 100 or so dollars in my portfolio throughout the day. Then yesterday BTC started crashing and I freaked out, decided to transfer all funds to LTC again. This got me 6.2 LTC, down from my bittrex high of 11.2 LTC.

And I told myself I would just stay in LTC...but of course that didn't happen. Saw a biz post yesterday about NEO about to pop off, and I said fuck it went all in on NEO. And it did pop off, it went from 68 bucks to 80 bucks. I made a quick few hundred and my portfolio was up to 2300 at one point. Then it started to dip, but I thought it might go higher so I went to bed. I woke up today, and it was still above initial investment but not by much, and it looked like Litecoin might rise, so I sold it for small profit and reinvested in LTC. Got about 6.4 this time. Was feeling good.

Litecoin continued to do nothing, and I saw FunFair rising in value. I had even shilled for FunFair the night before on here (though I had none) because I thought it was a great project. I sold all LTC and put it all into FUN at the ATH of 370 SATS.

It ended up going down, and I said fuck it and sold it at 355 and put it back into LTC which is rising. Now only have 5.5 LTC on bittrex. Currently holding LTC, but my portfolio is back down to around $1950.

I don't know what to do at this point.

is that DigiByte? Wasn't that just a recent pump n dump coin? Either way 8 bitcoin is still 160,000 bucks. Surely you can play your cards right and make massive gains again?

And so here I am now, hoping Litecoin continues to go up tonight, and I can regain some of my losses even though I know it's unlikely.

Like many, it seems as if whenever I buy it starts dropping, and whenever I sell it starts going up again. I know I'm being psychologically manipulated by the market. And every time I think I'm doing alright, I end up fucking it up.

I sold 120 LTC at around $120 a coin, my entire stack. I FOMOd into BTC. I now have only 0.93BTC.

I need the ratio to drop to 0.0077ish for me to break even. Is there any hope?

One of your biggest mistakes is buying the news.
You should buy the rumour, sell the news.

I think what I need to do is get a job again, so that I can have cash flow to invest into cryptos. I fear that if I keep playing around with the money I have in there, that I'll just end up losing it all. And I hate that, because I thought that I could do this. Truly unless you're experience or willing to lose your money, it seems the best bet is to buy and hold.

Just wondering if anyone has fallen like this, and then regained their losses, not just in terms of USD but also in terms of BTC value. I fear that I my stupid actions have caused me to miss the boat yet again. Only thing that helps me out is knowing I still have more money than I started with, and knowing that larger investors have lost far more money on trades than I ever have. Beyond that I feel like an idiot and wonder what I can do to pull myself out. If I could get back to having 14 LTC total I would probably just hold and walk away from cryptos. Or at least hold that amount, and invest more fiat if I want to attempt day trading. Worst thing I ever did was gamble with profits

I think the key word is that you are trading with emotions. Of course we all get a kick when it goes up and a fear when it drops. Or the worst Emotion of them all FOMO on a bullrun. Stop yourself. If you want to trade, atleast think on a week by week Basis. For example, i set my buyorder on Xmr low, a couple of days ago. I intend to keep it for atleast a month, but i have a sellorder at 0.031 if it decides to pump tonight. I ignore the fact that I want to go into XLM and LTC, just because I had a plan and i want to stick with it.

Damn that would suck, but at least overall you're up at least $3,000.

You are absolutely correct and it destroys me. To be honest I've never even felt this emotional about anything before. Gambling at a casino is something I've done a few times in my life but I never feel like I do with this. Even in relationships and stuff I never get this emotional. Something about the market makes me way too emotional.

I think my main reason is that I am unemployed, and most of my money is in cryptos rather than the bank. I'm thinking if I hold and trade I can do this instead of getting a job again, but I know that's a pipe dream. I was so depressed at work before I got fired though, the thought of going to sit in some office somewhere crushes me

Actually, I bought the coins an average cost of $42, so I'm extremely salty right now. Yeah I've made almost 4x since this summer but i could have almost 42k if i just HODL

I'm actually really focused on the LTC:BTC ratio so i do think i can ''get my original LTC'' back. Any suggestions on that? My strategy is waiting for a btc spike which is why im in btc but ltc constantly pushing up makes me feel awful. Its not the USD, its that i held them so long and dumped at a retarded sell point.

I mean clearly I am bad at trading so I have no suggestions. But if any user is reading this and has suggestions I would love to hear them.

My fear (yet also my hope because I am a believer in LTC) is that it decouples from bitcoin and it's price rises and falls more or less independently. We saw that during the initial peak last weekend, and again this morning. It seems that there are some times where it really breaks out, but otherwise is super stable.

bump,

This has to be the only market where you can lose your assets and still rise in dollar value

bump, on the plus side I've got a nice little collection pink wojack's going on. Would love some more rares if anyone has them

this is truly the hardest pill of them all to swallow. Once I was in Litecoin I should have never done anything. I'd still be looking at around $3500 or more in my portfolio as opposed to under $2000. It's so hard knowing that I fucked up this badly. I know that one can be quite successful with cryptos, I just think I jumped into the day trading aspect far far far too soon. I love the idea of the alt coins though. There are a few I believe in, but it's one of those things where my starting capital is so small I don't really want to have intense diversification.

What's the point of having $100 in a coin even if goes up 100% in a day? I'd rather have $1000 in there and double it. Of course it is that greed that fucks me up.

Idk, if there were 2 coins that you would split your portfolio into, that have the best chance for a moon mission great enough to increase BTC value over .2 or .3 BTC (when you currently only have .1 total) what would you pick?

go all in on xrp and fucking hold that shit dude. by end of Jan you should be back to your ath.

>likely to be listed on coinbase and normies will see sub $1 or right at $1 coin
>amex partnership, multiple banks using ripplenet(which I know isn't xrp but hopefully none of us believe this banks won't use xrp to save 60% of the fees meme)

the best advice I have though is DOYR, stop lsitnening to these pump groups where the literal only way any one makes money is to fuck over their own community. find a good coin and hold. stop trying to day trade

>why do we fall down master wayne?
>so we can pick ourselves back up

So from now on,
Dont read the trollbox
Dont FOMO into rising stars, you are too late
Dont second guess your calls
Dont yolo it all into the first shitcoin you hear about
Dont trade more than 10% of your total holdings
Do your own research

I did the same thing back in 2006 with Forex though. Lost a bunch of my bankroll. Found crypto a few months back. Now I research projects, pick a few I believe in. Throw money at them, hold and hold.

Lmao jesus those are all bottom of the barrel shit coins retard also get the fuck off bitrex its a gain goblin and go to binance it is so fucking smooth it has allowed me to make thousands this week

just starting and everything is going up
wtf do I do now?

Holy shit this thread, don't listen to biz man you're too stupid to catch the cues.

Was sitting on a few thousand dollars wanted to put into crypto, coin fucking base suspends my account for no reason have to sign up for different exchanges time is wasted days turn into weeks for id and bank verifications watch from the side lines as btc goes from 6,000 to 18,000 along with every shit coin 10 timing
And the new starting to shill btc. Cant watch the news cant browse \biz\ this my first time back on in weeks. So really FUCK YOU COINBASE!

Pic unrelated

Well... I guess this market does make you crazy.
Thank you for sharing your stories.
Without them, many people would feel so lonely and stupid. As for me, I've lost a lot of nerves, and gained nearly nothing by trading.

Look OP, you seem to be somewhat of a dummy, and easily shilled
but do the following:
Keep about half of your holdings in a steady, solid top ten coin or the like, such as bitcoin, ethereum, litecoin, Monero, or dash. All of these are good longrun options but I would recommend either ethereum or dash since the others don't really grow as much or, in the case of bitcoin, are too overpriced now for you to make much in the way of gains.

Then, put the other half into 0x, unlike the sundry coins that are shilled here all the time, this one goes unshilled except the occasional thread, and this is the kind of coin you actually want, not fucking potcoin which was pumped by actual pump and dump groups (I was in one of them lolol).
The thing is, anything you put into ZRX is highly likely to double at least in the next 3 months or so. I guarantee it will go to a dollar sometime before spring.
This is (likely) your only warning.

I've learned a lot reading your story ok. Thank you

OP if you're still listening. You're major mistake here with the pot coin, I'm sure you know, was not selling the news. As the saying goes buy the rumor sell the news. You have to account for all the other traders in the market not just dumb money. Most traders are anticipating the same thing you are. Therefor the first ones to take profit will be the safest. Thats why its best to always enter a trade with a set goal, you cant get greedy and 'just see what happens'

Good shill

you are definitely just hitting the panic button each time, both for buying and selling. You are literally the trader meme on these boards, and for a good reason, because you are too desperate for short-term gains.

There's also a reason why the HODL meme exists, because it actually works. If you look back at your story, you literally only needed to HODL one of the memes you mentioned, cut back on losses on shit-coins that dumped, and left the board for a few days. You would not have any issues, and your mentality would be much better.

Just do that - not that hard, also maybe buy a book on how to keep your psychology in check when trading.

HOLD!

I cashed out of 0x because I was hodling for so long with nothing. Sure, it's a good hodl overall because it doesn't fluctuate when other coins do, but the insane amount of whales holding it down with constant walls to accumulate means he won't necessarily get any rewards for a while, especially if he goes in right now. This recent pump is just a PnD and nothing more. If you're gonna tell OP to get into 0x, at least tell him to wait until this pump is over, which will probably be a day longer at best. This is the second pump in a month and every time it drops back down to 45 - 50k ETH (from the current 65 - 69k average it's been at the past two days).

But in all seriousness, 0x is going nowhere until the owners cash out or a big exchange picks them up. Sure, they've got a lot of minor news like pictures with Coinbase devs, but it has amounted to literally nothing, and this recent pump came about from fucking nowhere. The past week there's been a tiny bit of shilling for 0x and a subsequent pump, but there hasn't actually been any news or reason for the recent pump, so going in right now is just going to give him PTSD when it drops down in a day

Op youre actually fucking retarded lmao

Buy low sell high. Thats it. Its that simple.

If you really need someone to spell this shit out, ill throw in thw magical 3rd element: WAIT

buy low, WAIT, sell high.

Ive held some bags for MONTHS and theyre chilling at 3x-6x what i bought them for right now.

This isnt hard op. Ignore EVERYTHING that goes up. Come back to it later. The chances of it NOT coming back down a few times is astronomically small.

Your main issue is your time frame. Stop trading every other day you fucking idiot. Youre a useless neet, have no day trading powerz just because you got lucky in a bull market a few times.

Just buy low and wait you dumb cunt.

Thanks, I figured the best thing I can do is show others my failures so that they do not make the same mistakes I did. It's not the initial part that screws with your mind. It's once you hit your first big gain. That's when the markets starts to fuck with you, because you're on an emotional high.

Yeah definitely panic buying and selling. It's so annoying though, I realize what's going on but am still manipulated.

I need to not be emotional about it. Even last night, I bought into NEO and did well. Then woke up and it was down a little bit and I freaked and sold (with a bit of profit). Now it's back to where it was at the high point last night, had I just held it I would be on my way back up

That is true, perhaps if OP reads this then he''' get a better understanding of the implications of holding this coin
I was going to out in the waiting until it gets back down around 45k ETH but I got lazy.

However, I do stand by the fact that this is one of the best longrun holds that will give you some of the best 'bang for your buck' in the coming time.
It likely won't do anything until 3 months or so from now, when the exchanges are supposed to start going up, but overall that just gives one lots of time to accumulate.

I myself am a fairly poorfag college student and lately got a job again after not working for most of this year (living off crypto gains) to put more money into this coin.

Perfect, im here to see what I should not do

maybe you misread, I mean I don't have any yet
otherwise I'd definitely be doing that

I think its because everywhere you look when it comes to crypto (especially biz) everyone is making shit tons of money, so losing some makes you feel like you're out of the loop. That's how I feel sometimes at least being a poorfag and all.

You are a fool swing trading all the time. Gotta get a diversified portfolio of coins with clear use cases and HODL

yeah, I think a lot of it just seems that way though. If you lost money, like if you lost all your money and gains and had nothing in crypto anymore...would you even come to biz? Would you be talking about it at all? No you'd get on with your life and try to save money. At least that's what I think happens. Of course if you're always making money you'll brag about it

You should really wait if you are really just getting in now

Even some of the big guys like Vitalik Buterin and Charlie Lee (who cucked his own coin in doing so) have been saying that cryptocurrencies are overpriced right now


To be fair, I am making shit tons of money, but not even as much I could have if I had just held

But, getting caught up in this all and fomoing right now is one of the worst things you could do, since bitcoin has not had a real crash or correction for months now, and its rate of price growth has only increased
Despite was the newfags believe, a crash IS coming, and rather, is IMMINENT
So ideally wait until there is a real crash in bitcoin's price (a crash is often thought of as -40% or more) and then scoop up all you can near the bottom because we all know it's going up again sometime

what's causing all this mooning??

what if there's not a real crash? What if there's never a crash? What if it goes to $100k and the "crash" is bitcoin going down to 30 or 40k?

probably new money in cryptos. People getting on the hype train, learning about all other coins and potential profits

I don't see this crash happening soon. The market cap will keep increasing and there is already a general mindset that BTC is extremely stable.

should I just take the next dip?

>when you take "buy high, sell low" a bit too seriously

Lmao fuck I fucked up by buying high and selling low, but not as bad as you at least.

I'm ironhands fucking I don't care if the ship sinks im hodl

>potcoin
I haven't read your full story yet, but god damn son.... like, damn son, ya dun goof'd incredibly hard, like unimaginably hard

I'd also like to say I really feel for you, it's easy to stop giving a fuck about all the retards on here just begging and pajeeting, but I actually feel for you, stay strong, stop trading go read a bunch of shit, lurk moar, wisen up and get back in it, and you'll make it, just keep it cool