Help to rescue | Bitcointalksearch.org

bitterguy28

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

That's a super low folio now mate and if I where you? since you are already in a drop investment , then better to leave that coins a while and focus in other cryptocurrency.
what I mean is that your coins must be on hold , and put another amount now but with bright mind and ask the community about their looks on that target project so you will never suffer like what you experienced now.
sad to hear that mate but this is how market goes in crypto.

savetheFORUM

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Quote from: shinratensei_ on July 23, 2023, 07:05:45 PM

this is why diversification is essential, you could anticipate and even avoid losing much more money by just diversifying.
then again it already happened, the wisest thing is to wait until next bullrun, you already lost so much, only when you dump your coin to the market you will realize the the unrealized lose that you have.
after all usually those that bag holding for long term are the ones comes out victorious therefore bag holding for long term is the only way.
even though it makes takes years. the next bullrun probably settle in the end of 2024 but then again thats just highly speculation.

Diversification is good, for sure, but diversifying your portfolio by buying different small tokens and coins is not a very wise decision, one should invest most of their capital in the most trusted cryptocurrencies and only put a small percentage into these smaller coins by dividing it in different ones, like having 10% of the total capital divided and invested among the smaller cryptocurrencies that one finds to have the potential to provide good returns in the future.

This way, even if the small tokens don't perform so well, the bigger and trusted coins will be able to recover the money lost in the smaller investments and there won't be any loss at all, otherwise, if a larger portion of the capital is invested in smaller coins, there can be losses if they don't perform.

libert19

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I have a friend who is in the same situation as you, although for him, Dot did increase after his purchase but he did not sell and now he's significantly down. What he's doing now is staking, it should increase his holding to some extent, at least in terms of DOT and if DOT rises a good amount in dollars, that should be a nice profit.

Reatim

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

Before you put your money on that coin , You should understand the risk because of all crypto currency what made you deposit in this kind of low moving and potential coin?
and also before putting money you have asked us and now that you are in trouble then you'll come here and ask for help lol.
sell that coin now and invest in good ranking coin or risk more time and chances for the return of that coin.

shinratensei_

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this is why diversification is essential, you could anticipate and even avoid losing much more money by just diversifying.
then again it already happened, the wisest thing is to wait until next bullrun, you already lost so much, only when you dump your coin to the market you will realize the the unrealized lose that you have.
after all usually those that bag holding for long term are the ones comes out victorious therefore bag holding for long term is the only way.
even though it makes takes years. the next bullrun probably settle in the end of 2024 but then again thats just highly speculation.

Wahyuihib

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

all choices are yours mate. because no one can change the decision you make. but it would be better if you hold on and wait until the selling price is what you expect.. thank you

fauzan Ichsan

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Quote from: tvplus006 on July 21, 2023, 01:08:53 PM

Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

I am surprised by the fact that you are asking this question only now, despite the fact that the decline in the price of the coin has been going on for almost 2 years. Now the price is at its minimum values and if you are not experiencing a shortage of finances, you should wait for a bull run and possibly buy in addition DOT to reduce the average value of the coin.

the average altcoin has decreased by more than 50%, and until now DOT still survives in the cryptocurrency world. I guess you can either buy back, or hold onto it while waiting for the bull season to come. indeed it really messes up our psychology but we have to be able to think realistically, instead of doing a cutloss and the DOT still has a chance to pump, so it's better to be patient to wait for it until the bullish season comes

tvplus006

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

I am surprised by the fact that you are asking this question only now, despite the fact that the decline in the price of the coin has been going on for almost 2 years. Now the price is at its minimum values and if you are not experiencing a shortage of finances, you should wait for a bull run and possibly buy in addition DOT to reduce the average value of the coin.

Silberman

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Quote from: el kaka22 on July 20, 2023, 10:38:38 AM

We all have the same suggestions, I mean either you buy more DOT to drop the DCA, and if not then you just hold, or you sell them and get bitcoin, or you sell them and get more bitcoin and get more bitcoin as well to drop the DCA as well again. Those are it, there is really nothing else that you can do in order to change that, I believe that it is going to be pretty similar to that and we are not going to see any new changes neither.

It is going to be a bit of a difficult situation in the end, but I feel like that's the type of thing you should be doing anyway. Yes this is not a quick solution, but this is what we have right now and we are going to have to just accept that there is no other method we can recover it.

One thing that amazes me about this is that at minimum the OP has had this problem since the early months of 2022, so it has taken some time for their problem to snowball to its current size, and as such it should be expected that it should also take a lot of time in order for the problem to fix itself, now I do not know if DOT will reach a new ATH during the next bull run as it is still trading for just 10% of that amount, but it should go high enough for the OP to at least breakeven when they sell.

el kaka22

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We all have the same suggestions, I mean either you buy more DOT to drop the DCA, and if not then you just hold, or you sell them and get bitcoin, or you sell them and get more bitcoin and get more bitcoin as well to drop the DCA as well again. Those are it, there is really nothing else that you can do in order to change that, I believe that it is going to be pretty similar to that and we are not going to see any new changes neither.

It is going to be a bit of a difficult situation in the end, but I feel like that's the type of thing you should be doing anyway. Yes this is not a quick solution, but this is what we have right now and we are going to have to just accept that there is no other method we can recover it.

cheezcarls

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

The best option is to wait it out. Not a smart choice if you are going to sell it at a loss. We all have the same experience as you in different coins and tokens that we have.

Like in my case, I’ve started DCA with Bitcoin at $30k to $31k last year. But I was at a loss as it dropped to as much as $16k. But I’ve kept buying with my extra money.

Good thing I hung on and most of my DCA amounts are in profit because of accumulating during the $19k to $23k range.

But of course, the decision is entirely up to you as we are just sharing our opinions here.

a298b112

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BTC in my portfolio is up ~17%. I will continue DCA BTC. I thin returns from BTC will cover my lost within the next 12-18 months. That is the decision.

For those who are starting: please if you are not sure what you are doing, and if you are not knowledgeable trader or investor start with BTC. It turns out to be safest asset for starters. Once you are sure you know the market, then you can make some more risky investments.

lienfaye

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

Sell if you can't wait. Hold if you think there's still chance for the price to recover back to value you bought it. Because if you're going to sell now, that means you already give up and tired of waiting.

This is the reason why I don't just invest on just any altcoins, because alts are only good for short term. If you had the chance to gain from your investment, consider taking profit already and take out your capital. So even the price plunged, you have nothing to lose since you're early to take advantage the opportunity to sell at the right time.

bastian466

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Better to wait and forget about it. it will shift the worries in your mind if you change it means you hit the lose button. then from here turn your gaze to something in the sense that you are opening a new chapter in investing, determine exactly so that similar incidents do not happen again

yhiaali3

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The best way is to wait for the bull season, most likely it will be after the Bitcoin halving next year, for sure at that time all altcoins including DOT will go up.

Another thing, if you intend to cut losses, I advise you to follow the DCA strategy until the bull season, and so you will get a good average price.

Silberman

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

Look there is not an easy way out from your situation, to begin with what were your intentions when trading this coin? I assume you were trading it and not investing in it otherwise you will not even ask us about what to do as otherwise you should have been convinced of remaining invested in that coin even if there was a crash on its price, and since I think you are a trader you should have never allowed for your losses to keep accumulating, however since that is not an option anymore you only have three options, to sell in the case you think the coin has no future, to hold in the case you think the coin will go up in value at some point in the future, or to do DCA if you want to reduce the time you will have to hold that coin while taking an even higher risk, the choice is yours.

doomloop

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

There is absolutely no way for you to get out of this situation other than to wait for the market to go up significantly so that the price of DOT goes up as well and then you can sell your assets, this happens in the spot market when you buy too high and then the market crashes, you will just lose value and nothing happens unless you sell them at a loss. Your only hope for now is the upcoming bull run where the prices of coins will go pretty high along with Bitcoin.

We can't really know when the bull run will start but most people are optimistic that it will be somewhere after the halving next year, but even that isn't guaranteed and it is all based on speculations and what used to happen in the past, other than that, there is no surety of a bull run at all.

suzanne5223

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

I am sorry about your story but you forget to follow rule number one of cryptocurrency trading after you already have the needed skill and knowledge to trade crypto.
The number one is choosing the right coin and from my book, if you must choose crypto to trade for profit it must be a coin that's somehow resilient, always get its bullish back when it is the rally market, and doesn't have community issue.
I will advise you to keep the DOT and wait for the rally market if it follows the BTC market trend.

umbara ardian

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

waiting and not selling at the current price can help avoid losses in case the DOT price drops. Because holding assets for a long time is a smart and effective investment strategy that achieves profits. Especially for assets like Bitcoin, being patient and not selling properly during the price drop can allow you to enjoy positive changes later. Besides, you can analyze and research thoroughly about other cryptocurrencies which is also a good strategy, to take advantage of the opportunity to increase the price and consider investing your money in potential assets. Offsetting that you are losing your current DOT investment.

riskarcher

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Quote from: a298b112 on July 16, 2023, 04:07:48 AM

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

i know that feel bro, The more you hold it, the deeper it gets. If you cut loss before deeper like now maybe you can switch to other coin or convert to usdt for the next entry market once sideways has begun. Don't worry about your loss keep holding and forget it your portofolio, wait the moment at the bullrun. As long as you keep coin who have potential and clear fundamental in the future as the leading of web 3, furthermore i'm believe DOT will created new ATH. Keep waiting and patience

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