Would You Quit Cryptocurrency if You Lost All You Invested?

[Golden9]

There are people who have lost up to 90% or even more of their portfolio either by trading or just holding the wrong coins.

For example, when Luna crashed, a lot of people lost a lot, but even more was lost when the exchange FTX crashed. If you had all of your portfolio in these coins, it's easy to lose all hope in cryptocurrency.

Would you ever go back after such a loss?

 

[Suba]

If the loss is in trading, of course we have to improve the trading skills that we have, and keep learning until we can achieve victory, of course the capital must be according to ability, if in investment, of course the investors have diversified even though one of their cryptos was destroyed by 99% but still has a type other cryptocurrencies, which may make up for lost losses.

 

[SHAHID987]

Yes it is possible that one can loose all his cryptocurrency in market, because we don't have any idea about some important sudden news. I invested more than average in BNB but sudden news badly affected on it's price. In short I won't leave market.

 

[Smalto]

There are people who have lost up to 90% or even more of their portfolio either by trading or just holding the wrong coins.

For example, when Luna crashed, a lot of people lost a lot, but even more was lost when the exchange FTX crashed. If you had all of your portfolio in these coins, it's easy to lose all hope in cryptocurrency.

Would you ever go back after such a loss?

One thing is very certain, cryptocurrency is a very volatile and risky business to venture into, anything can happen, cryptocurrency can mar or make you, it has made thousands of people to become millionaires and it has also rendered some people bankrupt, so incase one looses, he or she can still keep holding on.

 

[Golden9]

One thing is very certain, cryptocurrency is a very volatile and risky business to venture into, anything can happen, cryptocurrency can mar or make you, it has made thousands of people to become millionaires and it has also rendered some people bankrupt, so incase one looses, he or she can still keep holding on.

There are times when letting go is wiser though, especially in the bear market. Some coins like Bitcoin will surely go back up, but coins like SLP may never get back to break even for their investors.

 

[IB D]

That is why it is always advised to diversify your cryptocurrency investments. Also, hold your cryptocurrency in stable coins like USDT make sure that you don't commit so much to cryptocurrency per time.

 

[riberet19]

Well, if you lose your entire investment, it is that something very bad has happened in the cryptocurrency in question and you may not have done enough research, but if that happened to me, maybe I would consider it.

 

[nomad]

The fiat value associated with your crypto might go down, but the amount of crypto you have will always remain the same. You don't lose your money unless you sell it. Therefore, you don't lose your entire asset

 

[Blessed19]

Investing or leaving all your earnings in one crypto wallet exchange is a very wrong thing to do as also is trading in crypto currency market without having a proper knowledge on but if I tend to lose my investment in crypto due to an exchange crashing, it does not make me to give up on crypto currency at all.

 

[riberet19]

Investing or leaving all your earnings in one crypto wallet exchange is a very wrong thing to do as also is trading in crypto currency market without having a proper knowledge on but if I tend to lose my investment in crypto due to an exchange crashing, it does not make me to give up on crypto currency at all.

But hey, in that case you would have lost your investment but you would have learned a lesson, that you should never leave large funds in a crypto exchange, and that it should only be used to buy, sell, trade or exchange.

 

[Blessed19]

But hey, in that case you would have lost your investment but you would have learned a lesson, that you should never leave large funds in a crypto exchange, and that it should only be used to buy, sell, trade or exchange.

Why would I have all my life earnings into a crypto wallet whee I can sell and keep in my bank account and then leave the ones I would use for staking and trading in my wallet exchange.
Life is easy but we make it hard for ourselves in this case.

 

[riberet19]

Why would I have all my life earnings into a crypto wallet whee I can sell and keep in my bank account and then leave the ones I would use for staking and trading in my wallet exchange.
Life is easy but we make it hard for ourselves in this case.

Well, if you sell them and keep them in your bank you have lost the investment factor, which is why many are in the crypto world, but on the other hand if you want to stay invested and not sell to fiat it is best to keep them in a safe place and not in an exchange, for example in a decentralized wallet or a hardware wallet.

 

[Blessed19]

Well, if you sell them and keep them in your bank you have lost the investment factor, which is why many are in the crypto world, but on the other hand if you want to stay invested and not sell to fiat it is best to keep them in a safe place and not in an exchange, for example in a decentralized wallet or a hardware wallet.

Just like I said earlier that I would leave some and not all of my life savings into it but rather there would be that which I would be making use of to stake and also go into trading with it.

 

[eldavis]

For me i would simply take a break to recover myself first. Once i have been able to do that i can give it a try again but this time carefully.

 

[timewo]

Online workers have little choice at present, there are very few websites which pay online workers with paypal and other non-crypto options. So even if they lose money, they will still receive payment in bitcoin, ltc, and other crypto coins for the work they do.

 

[Stardom22]

Yes of course. I wouldn't patronise on something that had drawn my money away with its strategies and tactics that seems not working in most circumstances in the matter of fact.

 

[oldbuddy]

There are people who have lost up to 90% or even more of their portfolio either by trading or just holding the wrong coins.

For example, when Luna crashed, a lot of people lost a lot, but even more was lost when the exchange FTX crashed. If you had all of your portfolio in these coins, it's easy to lose all hope in cryptocurrency.

Would you ever go back after such a loss?

Good Lord Yes, but the ONLY coins I HODL are the ones I earn online free that are earning more from staking. Then you just hold back a little profit instead of letting it get too high.

 

[Bisolami]

There are people who have lost up to 90% or even more of their portfolio either by trading or just holding the wrong coins.

For example, when Luna crashed, a lot of people lost a lot, but even more was lost when the exchange FTX crashed. If you had all of your portfolio in these coins, it's easy to lose all hope in cryptocurrency.

Would you ever go back after such a loss?

I would not quit but I will take a very long break from it so that it will calm my head and I will be fully charged by the time I plan to invest in cryptocurrency again.

 

[oldbuddy]

I would just cinch up my belt and keep right on where I left off if there was anything left. I just lost over 1.5 Million Satoshi worth of Active Shares in CryptoWin that just disappeared from my balance reports, but somehow I was able to keep doing my daily routine and today I bought my second Active Share, so I am earning again. I won't be applying any of my outside earnings, but I will keep on trying to rebuild using the free Crypto that is left.

 

[Bisolami]

I would just cinch up my belt and keep right on where I left off if there was anything left. I just lost over 1.5 Million Satoshi worth of Active Shares in CryptoWin that just disappeared from my balance reports, but somehow I was able to keep doing my daily routine and today I bought my second Active Share, so I am earning again. I won't be applying any of my outside earnings, but I will keep on trying to rebuild using the free Crypto that is left.

It is good that you are earning again but make sure that you are careful of those kind of investments. We never can tell how long the platform will last so we have to be very careful