Post
Topic
Board Speculation (Altcoins)
Re: Drxne
by
iamTom123
on 12/09/2017, 03:23:25 UTC

Hi, I'm Paulo, I live in Brazil and I'm starting out without trading the Cryptopia site. Today a catastrophe happened.
A coin called Droxne valued from 1000 satoshi to 140,000, I bought 40000 satoshi but it devalued to 7000, I lost all my investment, can anyone suggest a solution?

I am sorry to hear your big loss. You have been a victim of the usual pump and dump maneuvered usually by a group of people who have the money to boost one coin and then left as fast as they can when they reached their goals. You must be careful because pump/dump is very common in cryptocurrency.

Now, what can you do? You can cut your loss by selling your Droxne coins and maybe start all over again using the funds left on your account or you can wait just hold your Droxne coins in there and wait for it to go up and then sell. It is all up to you. You are not alone with this bad experience so don't worry that much.

My other tip: Take this experience of yours so you can be a better trader next time around. Plus do not give up...you may choose to take some rest but make a plan for a return (hopefully with a vengeance at that time!).