Post
Topic
Board Beginners & Help
Re: Beginner mistakes and need advice
by
cryptorTUX
on 08/03/2018, 19:42:24 UTC
So I got into BTC in november and bought in around 15k. I was a complete newb and saw alts booming so eventually decided to invest everything in alts, at which point I had about 0.58 btc's worth of alts.

Obviously then the crash happened, and I decided to hold everything until now (bad decision) and now I'm at a huge loss with all my alts - went down to around 0.13btc eq the other night.

I've missed out on a lot of profit over the last 3 months and lost a lot too by just holding. I want to get some BTC/ETH back in my portfolio and maybe try to make a few weekly trades, the problem is I'm at such a huge loss with all of my alts I don't want to sell them for such a loss at this point.

I'm not sure if I should just take a loss or hold until they go back up (down at least 60% on everything). I don't know anything but I have a feeling BTC will go back to around 50-55% market cap

This happens when FOMO aka fear of mission out kicks in. To be honest trading is a gamble of some sort where exchanges are big casinos that earn money for them selfs. If you've bought coins that can have bright future you could still decide to hold and forget about that you even have crypto, come back within like a year to see where are you standing. When BTC tanks down most of the alts follow and then you have huge sell off. They tell for a reason that this is risky investment. You should do more research I think before you simply throw your money around.