800$ loss in a single day
I had 9440 USDT sitting in Binance from a very long time, and I missed the opportunity to buy in November, as there were some momentum after Trump came to power. And now because of the same reason, the market is very volatile. I started investing in some of these coins few days back and yesterday I thought was a good opportunity, and invested the remaining 5.9k USDT, but unfortunately, everything is red today. That saying about crypto sounds legit - Invest that much that you can afford to loose. Watching market trends and hitting at the right moment is certainly the most challenging task and for a novice like me, without any trading knowledge, investing in crypto seems a bad choice. Long time back, I bought USDT in WazirX, and thankfully, I transferred just a week before it was hacked, otherwise everything would have gone.
It certainly feels bad to loose this much money in just a single day, but life does not end here. What if, if everything was gone in that WazirX hack ? Certainly, its much better than that, so for now, having patience is the only way to move forward. One of my friend wanted to invest couple of lakhs INR in crypto, and handed me his Binance account to buy whatever I want and for him, I invested the major percentage in hive when it was trading at 0.21 - 0.23 range earlier, so I feel, that was not a bad choice, since that seems to be the bottom even today. Since I already have a big stake in hive, I thought, it would be good to invest in varieties of other coins, that has potential. And of course you see a little investments in few meme coins there - who knows, they at times surprise everyone.
When the market goes down after we have exhausted all our investments, it creates some sort of anxiety (that feeling of I should have waited for this day) which I have to deal with, but that's the best I can do. Hopefully we will see some good times soon. If hive becomes the star then I will probably convert majority of my stake to HBD and live out of the HBD interest (as its more stable which is necessary for dependency for a living) and become a full time hive promoter. And if any of these other investments sky rocket, then part of that would also be diverted to hive. Keeping record of all these is another challenging task - that will be needed, in case, we want to take some profits and take to bank account - centralization always has control on us. For now, I am just keeping record of these purchases in Binance, because all the investments in hive was before the law came into place. As per the govt, all rewards are taxable, but that will be applicable only when I convert to INR - is that a correct understanding ?
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HIVE happens to be the most resilient coin at this range. The path of least resistance from here is only an upward trajectory. That said, it is not a wise idea to wait for a 10x gain or anything like that, rather a "rinse and repeat" strategy can make us a 10x gain cumulatively if we figure out the ranges.
You should own some Bitcoin sir, because that is a safe asset as we are negotiating in the turbulent period(2025-2030) of this decade.
As such, Indians across different classes have a cultural habit of investing in GOLD, and GOLD is shining, enjoying self-discovery in terms of price actions.
I strongly feel that these are the effects of de-dollarization. The global north is de-dollarizing via Bitcoin whereas the BRICS countries are de-dollarizing via GOLD. Hence, GOLD is rising. As we approach closer to 2028 it may so happen that you see the USD-INR pair trading below 60 or maybe even 45-50 INR per USDT. So, recalibrate your portfolio. You should foresee what in terms of USDT a crypto asset is gaining, what relative return you are getting in INR terms as well. After all, Indians convert INR to USDT and then invest in crypto. So, at the end of the day, return calculation in terms of INR is equally important. If not now, then surely by 2028/2030, you have to factor in this aspect.
Having a law is one thing; enforcement is another. In India, there are so many laws, but enforcement is either poor or very, very challenging. Crypto and the internet have an asymmetric ability to outshadow an enforcement framework.
Thank you.
Jai Jagannath
🙏🙏🙏
if we figure out....a big if, which I could never figure out.
With Trump and his tariff stuff I am staying out of things... but there will be bargains to be had.
Well unless you have to withdraw, you have not lost, it is just a paper loss and hopefully they will go back up again.
Is there any reason you don't have Bitcoin in your portfolio. It is the only safe coin in crypto, in so far as you know it will go up in the longterm. None of the other ones I have any confidence in.
Hive is a no brainer and I think there will always be some value in it.
I feel you, it is not a nice feeling seeing your portfolio go down.
Well, I could never catch hold of it, when it was 7k, I planned to invest 7k in crypto and transferred to buy it, but then hive tempted me more, and I ended up buying 70k hive at 10 cents price. And from then, the price is way above my range ( planning to buy 1 full), may be if hive goes wild, we will reinvest.
It is always heartbreaking to see the coins you bought like yesterday were showing green light and promising but coming the following day to see they have all turned red.
At that moment, you will wish you had waited a little longer before buying. But that's crypto for us.
Well, I believe they will still bounce back in few days time.
Fingers crossed.
Yeah😉
This time the market is down and probably it's because of the tariff issues created by Trump. It's common to see such drop in portfolio value but I think hive is in buying range. I bought some this week and powered up. When the market will recover this will not take much to gain this value
Hopefully....
Absolutely, Sir Up is absolutely right. This market gives us many opportunities to buy. During the days we are mentioning, there was a huge dump in the market and we could have taken advantage of this decline and made a lot of money by buying a lot. This is a digital market, in it we get many opportunities to buy, so we should take advantage of this opportunity. Very good post and your informative post. Thank you.
Today is a very bad day that the price of USD and silver has decreased at the same time, I don't know why. However, the price of other currencies has increased in contrast to USD. Now, after reading your post, I can see that the price of cryptocurrency has also decreased.Something is happening in the market. But I hope everything will be fine soon.
Wow. $800 is much, I hope you get to recover it somehow.
Oh no it's a too much loss sir...
I think buying hive on low rate is a good idea..Now hive is on 0.22 or 0.23 and investing at this current price would a been a good idea..We were not expecting such a crash by the market...
I can't imagine how it would feel to lose 800 dollars in the blink for an eye. I mean, the volatility in crypto is really insane and nerve wracking.
Thankfully you didn't lose your whole portfolio. I also have been thinking of switching my assets to hive but locking it down in HBD savings, that's a more stable option for saving my money while growing it.
Let's see how the market goes. May it be in our favour.
Altcoins are going down so much that it's hard to accept it and it seems like every day is giving us an opportunity to buy but then when the red candle is formed again it looks like the market could lose more bottoms and even look like the balance could go to zero.
that would be end of story..
That's a lot of money to lose. Unfortunately these things happens with CEX and like you've said, there's nothing bad with seeking other investment potential that could do well this bull run. Hopefully this bull run in the coming months will compensate for your loss
Ya, that's the expectation, let's see.
Ugh, that sucks! I am sorry! I was a bit surprised to see it fall back down too.
That’s too much money to lose
I’m sorry about your loss and I hope you recover
Lot of loss Sir
Aww, that's a huge sums of money, I'm so sorry about that.
This is no way for me to sugar coat this, it would hurt me as much of I lost this in a day even in a week I don't think I'll be able to take it. Hopefully you get the right chances so. The markets are very volatile still and there's the chance. Wish you more success
I've been like 2 years without making barely any move with my crypto. 1 month ago I bought ETH at 2500$ and well... XD.
It's so frustrating when you take the risk and after a long time it goes bad, specially if before your investment the market was doing great/sideways.
Exactly, but as said, invest that much that you can afford to loose, so just forget and move on.
It's a loss of $800, my friend, which is regrettable no matter how much money you have, but hey, life goes on and the best thing is that by also investing in $HIVE you can obtain very good benefits because it can go up and improve that current price.
Trump new tariffs sinked the markets I think
Here you need to declare all crypto assets and pay tax after a certain amount, like 60k$
It can really be painful at times when you missed out on a particular opportunity but be rest assured that another opportunity will come soon
That’s a lot of loss
I know you’re surely going to recover…
Wish you well
Thank you so much.
That saying is very true, we should only risk what we are willing to lose, my friend, but I think the most logical option would have been to invest everything in Hive and be able to have much more HP and, well, as you already know, by increasing those profits, convert them later into HBD.
It's $800, which could have been bought at HBD, my friend, and as you say, you'll start receiving good rewards just by having them in your savings, that is, you'll get good passive income.
Good day, keep up with your investments trend and instinct. It's sounds good
#hive
I am also a victim of it. Whenever I purchase a coin, it goes down and down. And when I sell it, it goes up and up. I Don't know why it happens to me only.
Lo de la Moneda Trump estaba tan obvio , el tipo hizo alianza con elon M, se iba a juramentar como presidente yo lamento eso tampoco vi esa bendita moneda estaba a la vista esa inversion
It's good that you did not buy the bottom. Markets appears to be bottomless in 2025. ALTS are losing value every day.
$800 is too much 😯
#hive #posh