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/biz/ - Business & Finance

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29386292 No.29386292 [Reply] [Original]

Thats it. I am quitting crypto forever for good. I always panic sell I literally cannot not do it. I already lost 25% on a single day just because constant panic selling, I am at a net loss since I started.

I can only loose money with this bye bros

>> No.29387225

>>29386292
ur gona make it bro

>> No.29387321

>>29386292
at least tell us what your losing trade was...

>> No.29387750

>>29387321
Lost a lot on Monero and Atom, but bought DOT and KSM yesterday, theyre all up but I panic sold at the bottom I cant do this

>> No.29387835

>>29386292
ONE, SOMETHING'S GOTTA GIVE

>> No.29387901

I also panic sell. I lost half of my life saving. I want to reset

>> No.29387929

Sorry to hear anon. You can still make it if you buy btc and hodl

>> No.29387936

lmao how is panic selling even real just look away from the screen nigga

>> No.29387978

>>29387750
why so emotional? genuinely, that's all it is

>> No.29387995

>>29386292
Ironic that the only way to make a lot of money trading is to be completely dead to the money. It's like poker. Play scared = get fucked like a pussy.

Bye pussy.

>> No.29388034

>>29386292
thanks for the free money

>> No.29388079

>>29387936

Lmao this

>> No.29388077

>>29386292
>>29387901
buy a project you believe in and forget about it. if you think a coin is only every going to go up you're deluded

>> No.29388105
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29388105

>>29386292
your mindset and strategy are entirely wrong
I averaged down between 3k and 10k, and sold my entire stack at 56k yesterday. I looked up the price of bitcoin maybe 10 times over 3 years between 3k and 20k. Never had to panic sell since I had a strategy and an exit plan formed on day one. I adjusted my exit plan, I was going to leave at ~100k but so many normalfags have entered the space and the elon musk GME reddit faggotry made me want to sell early. I also didn't invest much, but it was a decent amount. Turned 3k into 16k with minimal effort and without waking up in the middle of the night wondering if I went broke or not.

TL:DR you're a retarded degenerate gambler that has a lot to learn

>> No.29388341

>>29386292
Lmao what a faggot dude just HOLD like nigga close your eyes lmao

>> No.29388431

>>29386292
A LOADED GOD COMPLEX COCK IT AND PULL IT

>> No.29388454

>>29386292
Buy high sell low

>> No.29388467
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29388467

>>29386292
Bought bitcoin at 10, sold at 5, bought at 500, sold at 250. Wanted to buy early 2020 but had no money.

The key is NEVER sell for first few years. Later you can take a fraction at a time as profits.

You sold your wad, you failed.

>> No.29388498
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29388498

>>29386292
Just wait it out, this is only because of BTC correction. Or if it scares you that much, do use a reverse grid trading bot, at least make some capital back off the downs.

>> No.29388543

>>29386292
I have held everything I've ever bought and lived through many crashes, youre a pussy

>> No.29388552

>>29388467
hot

>> No.29388673

>>29386292
I can understand panic selling when you're new but how are you not able to steel yourself after that point? Learn to have some resolve, man.

>> No.29388780

>>29386292
Just hodl what’s so fucking difficult about that nigga

>> No.29388817

>>29386292
No, please stay. You just need to keep trying. Some day you will get better. Consider your losses in the meantime rather as tuition, or maybe a donation.

>> No.29388907

>>29386292
Read the Tao Te Ching, spiritually develop, and you’ll have more fortitude to hold long term.
Or keep swinging and try to git gud

>> No.29389008

I panic sold too but at least it wasn't at a loss. Seems to happen whenever I believe the rumors spread on /biz/ or I stare too closely at the live tickers. I'm not good at this but I guess it's an impactful lesson in patience.

>> No.29389087

If you have blockfolio turn off the alerts except for the specific price ones on the coins youre targeting. The percentage change alerts drive me fucking crazy my phone was exploding this morning

>> No.29389219
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29389219

Ok whatever just bought back I hate myself. The moment I make my initial capital back I sell

>> No.29389273

>>29388105
There are also some things wrong with what you did--quitting the plan and selling literally your "entire" stack shows you're somewhat trading on fear, albeit long-term fear. I had a plan and I'm actually sticking to it. Instead of selling off my whole stack out of fear of the exuberance of the market, I've simply started taking profits by DCA'ing out. You DCA in, you DCA out. Light gas, light brakes.

>> No.29389286

>>29389219
The moment I buy back in, it'll drop again.

>> No.29389443

STOP.LOOKING.AT.THE.CHARTS.Go outside, shit littetaly ALWAYS comes back up.

>> No.29389472

>>29389273
nah, I'm getting out of BTC because I realized it's retarded. If I buy in again, it will only be to dump on other morons. No one is buying it for it's intended use, it has no future prospects, and the scaling solutions have not progressed at all. It's stupid, it's only value is a convenient way to pump and dump on retards every 4 years.

>> No.29389726

>>29389443
Cant and I always have panic attacks

>> No.29389962

>>29386292
I understand. I've only been in crypto a couple weeks and it's a hard game.

>> No.29390076

>>29389726
The problem is that you don't believe in what you buy, you're here for the quick and easy money so when things go south you panic sell because you believe things will never recover.

You need to understand what you're buying and stick with a strategy. Stop being an emotional faggot or you will never make it.

>> No.29390184

Hodl

>> No.29390316

>>29390076
Yea ur right I learned my lesson. My portfolio is 2904€ now, it would be 3200 if I didnt panic sell. I wont do this mistake again

>> No.29390432

>>29386292
Don't get emotionally attached to investments, don't dwell on bad trades and give things a chance to grow

>> No.29390539

>>29386292
Are you poor and gambling too much of your money?
You really just need to not let the short term losses bother you.
Remember, you only lose money when you sell.
If you buy a coin with good fundamentals and wait, you will almost certainly make moneys

>> No.29390706

>>29390316
only look at weekly charts now

>> No.29390900

The old buy high sell low trick. It’s the /biz/ way. In all honesty you need to lose some money from panic selling to learn not to panic sell.

>> No.29391022

>>29386292
no anon don't quit