Crazy Week with my coins

in cryptocurrency •  7 years ago 

Storm has come!

I'm feeling bad on what's happening right now with Bitcoin and other altcoins not because their prices are dipping but because I made multiple wrong decisions. I know that Bitcoin is somehow on it's best price right now for buyers so as for altcoins but what's making me feel bad is I bought my altcoins while it was on its peak and when it drops, it drops so hard that I'm about to lose my grip on them. Below are the screen shots of 2 of the coins that I purchase for around 500 - 600 sat each and is not pricing between 140-80 sat.

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I'm still not losing hope though. I know this storm will pass and that it MIGHT recover soon. I'll lose approximately close to 0.012 BTC the moment that the prices of these 2 coins drops to below 50 sat but if and only if a miracle would happen that these coins bounced back to atleast 400 sat each, I'll be able to recover my fund somehow and might profit a little bit from it. I'll be posting again soon about update to these 2 maybe after few days and let's see what's going to happen.

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Oh Please! Steem please go to the moon!

Just forget for these coins for a few months and relax...

That's what I'm actually trying to do right now, to relax and forget about it.

My advice is "hold on to the coin" don't sell it..
greater days are coming and you will give testimonies of the percentage you have earned..

Thank you for the advice sir. Honestly speaking, while writing this comment I'm hovering my mouse on the sell button hahahaha. I'm actually hoping that same might happen to my other post about my being lucky :) I'll hold on to these coins for now. If I'll lose some, that's expected I guess but if I'll earn from these I'll let you know :)

Alright, cool.. But I'm a girl, in case of next time. 😁

Good luck mate! I'm new to the game, haven't got any coins of any sort (apart from normal currency), and would like to invest in some cryptocurrency but at the moment I'm holding, don't know what to do really.

I'm new also. Have been a bit scared to invest as all a bit crazy lately. Why don't you consider doing what I did and start to get into it from the bottom end with a new Altcoin. I didn't spend a penny and have learned so much. More details in my article if you are curious https://steemit.com/cryptocurrency/@spammy/my-first-cryptocoin-plus-free-coin-giveaway

Sounds like great advice mate, I'll definitely look into it. Thank you!

Thank you. We're actually on the same page. I just started trading last nov 26 and so far so good. It just happened that I might have been become too greedy that even though I already saw that these coins are very risky given that I initially told myself not to engage on these 2 when their prices are still around 150 sat each, then later on hahaha I really don't know why did I do that but I bought them for around 500-600 sat each hoping that it will still rise and luckily they did to around 700 sat but I refuse to sell. I'll give you an update soon :)

I agree with you

Thank you.

I hope that the situation will change

Yeah, and I'm that it will recover soon.

I totally agree with you :)

Thank you.

Only is a loss if you hit that button. otherwise, it is just an experience in mental strength that will reward you for your patience.

Totally agree. I've come to think that I decided to engage on it so I guess I'll just be brave enough to see where will it bring me :)

i hope everything will change and everything will be great as soon as possible

Yeah, technically I didn't lose anything yet not until I gave up on it right?

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Wow! That's amazing! Never thought though that I'd be on that list. Thank you :)

wish you all the best man. we all are affected and i trust we recover soon! keep us posted and cheer up. such has happened before now

Yes, actually on that same exchange, everyone is panicking like it's the end. All are in bloody red and if I just have the fund, I'll actually buy more same as other big guys out there waiting for the lowest price possible.

Yeah. Pains many folks that price is bleeding but no fiat money to buy up. Well it's ok. Let's hope for the best 💪

It's really dropping drastically but i know it will come back up

You're actually right on these. By the end of the year, we'll welcome 2019 with a great smile.

wow incredible~

Which part? Incredible on how the market changes in an instance right? haha

Bitcoins lack of regulation has scared all major players in the financial market. The fact that all other players have to abide by a set of rules has created major pressure on regulators either to ban or regulate the crypto market. The pressure on Bitcoin can be seen today with China's attempted ban on all domestic and international websites dealing with crypto; The latest ban of acquiring crypto with creditcards form the USA, Great Britain and others; The endless discussions on regulating the crypto market form Korea, India, Japan, USA, European Union and others.

Well on my opinion, I guess financial institution are just scared with how blockchain technology affects the way people transact financially and because Bitcoin is the first cryptocurrency that uses blockchain technology, it threatens their assets, my own opinion though. What I'm seeing in the future is that they really can't do anything with it aside from implementing tax or fees.

agreed

I am not afraid and I am not sad because I have long-term plan. I believe that the market will give me profit for sure.

Same here, I'm feeling bad not because the price drops, I actually love it for it's time to buy more. It's just that I made multiple wrong decisions on these past week.

that's just a fixation, better hold coins

Buenos días en este tipo de situaciones se debe mantener la paciencia y pensar en positivo que las cosas en un momento deben cambiar, hay que tener fe y esperanza. Saludos @akilie1029

Thank you for the advice and yes I'll keep my cool and be more patient these time. Something just came up that's why I got a little bit scared. I've translated your message using google translate. I tried to reply in spanish also but my wife is already asleep (she knows how to read and write in spanish) . Thanks again.

  ·  7 years ago Reveal Comment

Thank you for appreciating it. Of course as others do, I also prefer quality over quantity. It might not be the best post out there but I guess I was able to express what I want to say.