Hi everyone,
I'm feeling pretty lost right now after taking a significant hit trading crypto. I knew there were risks involved, but actually going through this loss has left me anxious and unsure about my next steps. The emotional toll has been much heavier than I anticipated, and I find myself constantly replaying my decisions, wondering where things went wrong.
This wasn't just about money—it represented months of careful saving and planning. I had been following ETH for a while and believed in its long-term potential. I started trading with what I thought was a solid strategy, doing my research and watching the markets carefully. But somewhere along the way, I let emotions take over. When prices started dropping, I panicked instead of sticking to my plan. I made impulsive decisions trying to recover losses quickly, which only made things worse.
The hardest part isn't just the financial loss—it's the feeling of letting myself and my family down. I haven't been sleeping well, and the stress is affecting my daily life. I keep questioning whether I should have just held onto my initial investment instead of trying to trade actively.
If anyone has gone through something similar, how did you cope—emotionally and practically? Were you able to rebuild, and if so, how did you start? Did you take a break from crypto entirely, or did you develop a different approach?
I'm specifically looking for:
– Advice on managing the emotional aftermath of significant losses
– Practical strategies for potentially rebuilding (if that's even advisable at this point)
– Lessons learned from others who've been in this position
– Whether it's better to step away completely or to learn from this experience and continue more carefully
Any words of encouragement, stories of recovery, or practical tips would be really appreciated right now. I know I made mistakes, and I'm trying to learn from them rather than repeat them. Thanks for taking the time to read my story and for any support you can offer.
I just experienced a major loss in crypto trading—feeling overwhelmed and looking for advice or support
byu/jc505978 inethtrader
Posted by jc505978
14 Comments
HODL. Never trade crypto on margins. Invest long term, and only if you understand the technology behind the project and you believe it’s the future of finance.
Hey. Crypto is the Most risky asset you can invest in. The prices are based on what other people are ready to pay for it, most of these assets has not much value. Other sad part that the counterparty that decides the prices are mostly people who has no basic financial education, so stuff like this happens.
This asset group shouldn’t be used for trading for safety and liquidity issues.
You could try to learn from your mistakes but the thing on markets is today lesson, maybe tommorow mistake, since markets are unpredictable.
If it took higher emotional tool as you thought you probably shouldn’t touch crypto at all.
Your first step should be a brake from finances for a while.
If this wasn’t money you need to survive what I hope for. It’s just money don’t do anything stupid because of it. Because we can always earn money back, but health is hard to get back.
Good luck
U must be new ……. Just wait 10 years
You don’t lose anything until you sell
Always have a set amount you are willing to lose. Not being aware of risk will lead to emotional pain.
Just don’t put money in that you actually need and you should be fine.
If you treat it like a total loss from the moment you buy you can basically only win.
!tip 1
Beginner? U havent lost anything unless u sold alrdy. U dont make profits overnight. You let ur investments sit so it can mature and grow into a tree of money. Ive been sitting on eth since 2017 and ive seen the highest of highs and lowest of lows. But the point is, ive waited almost a decade and I am now Up more than 1000%.
Been in crypto for nine years, and I have done all the mistakes. I have lost six figure on single coins (Luna/UST) The emotional toll gets easier with experience, but it still hurts to lose money, and to acknowledge that I made bad calls.
1: The money you put into crypto is gambling. Consider them lost when you enter. If you can’t lose them, don’t join.
2: Create long term plans. Learn about the 4-year cycle, and try to plan ahead for the next cycle. YouTube videos from Bob Loukas is an excellent place to start to learn long term investing in crypto. He only mention Bitcoin, but every coin follows Btc’s cycle.
3: Set targets for when to sell when you buy a coin, and follow them. If you plan to “sell at the top”, you will one day wake up to a 40% drop and wonder where all your money went.
Hang in there! You can lose money in crypto, but it’s also one of the only places where you can get 100-1000% gains over three years.
To respond to your bullet points:
– If you are in a position where all the bills still get paid and no one really makes any sacrifices, then you are already fortunate. Many can’t afford to take a loss of any kind. Be thankful for that. (At least, this is what I tell myself when things don’t go as planned).
– Rebuild by continuing to learn. When you’re ready, DCA instead of going all in at once. Also, question your original sources. Was your information bad or did you act on it poorly?
– If you find yourself sweating your position or losing sleep, you’re overinvested.
– Learn and continue more carefully. Everyone should be investing because the value of the dollar bleeds due to inflation. If your money isn’t making more money, then you’re actually losing while it sits there. Of course, you should still always hold some cash and there are times when you want to be heavy in cash.
Good luck. Everyone takes some losses, especially early on. If you stop though, then you just paid tuition for lessons you don’t intend to use.
If I didn’t have anything invested in this cycle and I was looking to get started, I’d watch for the top of this cycle and then I’d wait one year from that point to find really low prices. I’d start slowly accumulating crypto then and not before.
Just treat this as an opportunity to buy more at a discount.
Once I learned that I shouldn’t stress over something I have no control over that no matter what I do I can’t change the past , just move on and hopefully learn from it. It’s going to suck but it’s on you how much you let it . Put that energy in something else , easier said than done, but what else you gonna do
Go to therapy
No sell, no profit or unprofit.
They are cleaning the market to keep going up
!tip 1
Just wait till you turn cold, then you dont care about the loss at all 🙂