Wrong bet on a coin

[joy101]

I have not into it yet but planing to started but now no one has cost me great pain, because I don't like invest in any coin that will cost me so lost.

 

[Senator]

I don't go into staking on any coin just like that simply because I feel like it is something I should do at the moment. If immust stake on a coin, it is mostly on the regular coins like the Bitcoin or ethereum or the Litecoin

 

[Josemendez]

I don't go into staking on any coin just like that simply because I feel like it is something I should do at the moment. If immust stake on a coin, it is mostly on the regular coins like the Bitcoin or ethereum or the Litecoin

Staking altcoins are far more profitable than staking Bitcoin because they have higher APR and there is always advantage when they rise because you might have then earned millions in reward

 

[Hena101]

For me is litecoin because there is a time i bought litecoin of $300 and hold but unfortunately while waiting for the price to rise it goes down and I'm in need of money i end up sell it at $237.

 

[Nurudeen]

I don't do crypto currency exchange Business like betting. I invest in good and solid coin for a long time and even if the coin falls it will definitely rally back to where I bought it

 

[mcjerry]

I think litecoin is the coin where I lost a lot of money. The price of litecoin 2as over 200$ and then dropped at 50

That is high lost. That is why I do say that litcoin is not doing well. It was in top 5 coin before. But now the position is low. Thank God for the transaction fee of bitcoin and etherium has increased. This made people to turn back to litcoin

 

[Dowenship]

What is the currency that caused you great losses ... and in which exchange site happend ?
For me it was a coin on yobit's called tpt i bough at 13 i sold at 2 sat .... i lost about 167$

Jeez.... Was the coin a rugpool and what could have happened to the coin for it to increase to the point that it reduced drastically... although i don't trust yobit exchange....

 

[Setho]

I have made a lot of losses actually in cryptocurrency before and sometimes there was a month that I lost more than $100 but I am happy that my risk management skills is now top notch.

 

[Nomad]

The best strategy for vrypto currency investment is invest in the coins that are in the list of top 10 or even top 20 according to coin market cap, and avoid investing on something that sounds duplicate of something, for instance dogemamma (duplicate of dogecoin)

 

[Thinker009]

I think there was a time I made huge loss too , I bought a particular coin then for about $109 on binance exchange and the coin ethdown fell greatly and I loss about $40

 

[jeff87]

Actually I have not really had any coin that I am regretting buying it because most times I make research before buying any coin . The one I might have regretted is Hogl finance but I am earning passively with it

You are right before buying a cryptocurrency coin, you should really study its features, capitalization, and circulation. It is simply the law of supply and demand. If the coin has a lot of supply and there is no demand then chances are the coin is going to go down.

 

[Kelly5]

I can't recall if any such incident in resent times for me. But i can say this happened to me a lot when I was just starting out to understand the Bitcoin cryptocurrency when I will lose value of the coins I will buy without even knowing it untill I was through with the exchange ptocess

 

[Filicit]

I haven't lost much on any coin, I only lost a few to trim, I invested after so much fuss about it only for my ten trons to start reducing so I sold off.

 

[Yusuf]

That is really a huge loss for you. The one I got trapped into was dogecoin. I bought the coin when it was pumping not even knowing that the coin is just a pump and dump something as at then

 

[Dowenship]

I have not into it yet but planing to started but now no one has cost me great pain, because I don't like invest in any coin that will cost me so lost.

My advise!!! don't invest on coins that is not yet listed invest on coins that are well talked about their potential that's how you wont have any regret...

 

[Sotherefore]

Well I cannot really remember the coin but it was one of the cryptocurrency that was listed on binance exchange , immediately the coin was listed on the platform I bought it on top and the coin reduced drastically before a twinkle of an eye my money was down by 50%.

 

[Good-Person]

What is the currency that caused you great losses ... and in which exchange site happend ?
For me it was a coin on yobit's called tpt i bough at 13 i sold at 2 sat .... i lost about 167$

Well, cryptocurrency trading is NOT gambling. Cryptocurrency trading is just like stock trading. The only difference is that you trade in digital assets when it comes to cryptocurrencies. Secondly, you must know that you just cannot make a guess when it comes to predicting the price of a coin. You must have a look at the current market cap before you invest in the coin.

 

[Chibson]

Whenever you are investing in a cryptocurrency it is always very important that you are careful because so many of them does not have future. I always try as much as possible to take profit very early in order not to lose my money. It is better to take profit than to lose everything.

 

[Setho]

Win and vet I probably the cryptocurrencies that I have lost a lot of money in because I did my research and had very strong convictions about them but one or two things made them not to perform very well .

 

[Chibson]

Win and vet I probably the cryptocurrencies that I have lost a lot of money in because I did my research and had very strong convictions about them but one or two things made them not to perform very well .

LoL, never buy hype coins. I remember when a lot of people were hyping those cryptocurrencies that they are going to be the next big thing but at the end of the day nothing really happened. I don't usually buy any coin that is pumping rather I buy unknown coins that have a lot of potentials.