How to manage losses? - page 5. | Bitcointalksearch.org

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

Just wait, 90% of projects will moon during the bear run if they have any sort of community.

andriarto

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to manage losses, we must place a stop loss according to our risk calculation, or if not at least we calculate the amount of risk by doing a cutloss. so that the capital we have will grow in a healthy manner, either loss or profit can develop healthily. for the amount of risk for each person, of course, will be different, this depends on the analysis of each. and most importantly we must be disciplined towards analysis, whatever happens

Botnake

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Quote from: 24Kt on August 30, 2021, 04:51:32 PM

Quote from: lalabotax on August 30, 2021, 04:44:32 PM

Firstly, diversification is one of the important things to do.
We must know how much to put in new altcoins or in a new NFT, and be ready to lose the funds that we can afford.
Personally, I will not put much money into such new altcoins or NFT projects because it is too risky.
I will better put more money into Bitcoin, Ethereum, and also other top coins. However, if it has been done loses, just move on and learn from previous mistakes.

Putting your funds in a relatively new market is really a high risk action. As you have no clue if the NFT platform will survive or just riding the hype, as well as with new alts, you are risking your funds to very risky investment. Diversification is always the key when it comes to investment. So if you want at least an assurance that you will not go home empty-handed, better invest in top coins like btc or eth. With these coins, you very well know, you still have it when you wake up the next morning.

Investments have definitely its own risks so either we get lose or make profits at the end of the day. The choice is ours so we should always see to it that we are investing the most reliable coins in the market that will not leave us zero value once we get lose. After all, losing is part of investing but as long as we invest on the amount we can afford to lose then that's fine.

NFT projects have become very impressive today especially when it comes to gaming but we still don't know yet if its only just a hype and after that, it might not come out profitable. So always prioritize bitcoin and ethereum more than those newly projects because even if we see them dumping, their value will always recover again. So its not really a huge loss for us.

bhooscream

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How do you lose a big amount of money? Is the price of your coin decreasing? Or, do you just sell your coin at a cheaper price? If you are still holding your coin, just wait till the price increases again. There is no need to be panic because the decline in price is something normal. But if you already sold the coin at a cheaper price, there is no chance to deal with your losses. Just focus on your other coins to take profits and don't make the same mistake.

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Quote from: adzino on August 30, 2021, 05:54:40 PM

Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

It would be stressful, but I invested money that I can afford to lose. So yeah, eventually I would move on, learn from those mistakes and try to avoid them in the future.
If you see that the value of the "tokens" or "NFT project" is going down, you can always cut your losses short. The best way to diversify your portfolio is by investing in most of the coins that are at the top and has been in the market for a while. You can use rest of your money to invest in coins that are risky, but might give you a good profit in short term.

Then all you have to do is focus more in bitcoin because even if the price suddenly drop, for sure it will always bound to recover. Its a good thing to diversify your investments but make the most part on it in bitcoin. Losses are very possible everytime we make investments but as long as we are investing on the promising coins then we will not be worry that much.

I often do mistakes and eventually lose my money before but experience really taught me so well. Now i still create losses because its really inevitable but when it happens, i know already how to manage it in a more positive way.

adzino

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

It would be stressful, but I invested money that I can afford to lose. So yeah, eventually I would move on, learn from those mistakes and try to avoid them in the future.
If you see that the value of the "tokens" or "NFT project" is going down, you can always cut your losses short. The best way to diversify your portfolio is by investing in most of the coins that are at the top and has been in the market for a while. You can use rest of your money to invest in coins that are risky, but might give you a good profit in short term.

Mahanton

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Quote from: Eureka_07 on August 30, 2021, 04:20:51 PM

Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

It is actually hard to manage, but I try to look for the brighter side in which I should have some lessons got from those losses. Right now, the coins/NFT that I am currently is invested are down, like the SLP or Smooth Love Potion of Axie Infinity, I'm just holding it, not trading it until now for months. I'm looking forward to sell them on a higher price this coming September.
It's better to always diversify your investment but focus more on those that you are almost sure of your ROI. DYOR first and always ofcourse.

Im also a SLP holder too which i havent really sold off my coins that i do able to farm off for months now or on the time where its price had dipped down that much or simply saying it isnt really worth
for you to sell on.I dont know on why people do keep saying about increase on upcoming September which i couldnt see any viable reasons for it to happen aside if the land game would really be launched
or the v2 of the game which i do believe that it would be possible on next year to come but who knows if it would be launched on the year end of this time.

24Kt

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Quote from: lalabotax on August 30, 2021, 04:44:32 PM

Firstly, diversification is one of the important things to do.
We must know how much to put in new altcoins or in a new NFT, and be ready to lose the funds that we can afford.
Personally, I will not put much money into such new altcoins or NFT projects because it is too risky.
I will better put more money into Bitcoin, Ethereum, and also other top coins. However, if it has been done loses, just move on and learn from previous mistakes.

Putting your funds in a relatively new market is really a high risk action. As you have no clue if the NFT platform will survive or just riding the hype, as well as with new alts, you are risking your funds to very risky investment. Diversification is always the key when it comes to investment. So if you want at least an assurance that you will not go home empty-handed, better invest in top coins like btc or eth. With these coins, you very well know, you still have it when you wake up the next morning.

lalabotax

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Firstly, diversification is one of the important things to do.
We must know how much to put in new altcoins or in a new NFT, and be ready to lose the funds that we can afford.
Personally, I will not put much money into such new altcoins or NFT projects because it is too risky.
I will better put more money into Bitcoin, Ethereum, and also other top coins. However, if it has been done loses, just move on and learn from previous mistakes.

Eureka_07

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

It is actually hard to manage, but I try to look for the brighter side in which I should have some lessons got from those losses. Right now, the coins/NFT that I am currently is invested are down, like the SLP or Smooth Love Potion of Axie Infinity, I'm just holding it, not trading it until now for months. I'm looking forward to sell them on a higher price this coming September.
It's better to always diversify your investment but focus more on those that you are almost sure of your ROI. DYOR first and always ofcourse.

Ten98

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

Actually this is not so complicated to deal with, because as long as you are still choosing the best coins in cryptocurrency, you don't need to stress about this because the best coins will always rise when the demand increases slowly and sharply, so it just takes patience in doing so face such a situation.

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

Try to divert yourself or attention into something and that will surely solve out the problem. Diversification is always recommended so that you would able to recover on what you had lost on other investment

although not all would really be that capable since this do talk about financial capacity of a certain investor and not all would really be that having the money thats why they do really
focus on single investment and when losses happens then frustration and anger is normal.

It is just depending on how you do handle it up.

crzy

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

Diversification is really a big help to cover up those losses, and being stress on your trades is not good at all because you have to set up your cut loss level to avoid losing big money. If you didn’t sell to cut losses, then that’s a big problem to you and that could be the start of your stress. I don’t put too much emotions on my portfolio, I always play by the rules using my own strategy, you must have it as well.

Coyster

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

You should expect losses when you invest in stuffs like this cause they more or less pump, and then dump, so you can make ROI when they pump and you can also lose funds when they dump, it is what it is, and most times the only way to manage the loss is by not investing in them and going for projects that are sustainable for the long period, just as Bitcoin is.

Having said that, as for diversifying with many alts, it's not a great idea imo, I take altcoins to be short term projects, thus it would obviously be much better to invest largely in Bitcoin and a fraction of your remaining funds in altcoins, not just any altcoin, but best if it's ethereum, cause they actually do have a developing ecosystem.

nomenclatur

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

experience a big loss and that is what can be one of the big profits or it will make a profit or loss as it will always continue to be able to withstand losses. The point is that it will be hope for investors to reduce financial risk problems, a lot happens if that is the way the NFT project often happens. decrease and increase in NFT make sure it becomes more reliable.

Silberman

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

This is a simple and a complex question at the same time, you are asking about how to deal with the fact that you have lost a huge amount of money in the markets, and the way to do this is very simple, do not lose a huge amount of money in the markets, and how can you possibly do something like that? And the answer is simple do not invest in projects that have not proven that they can produce profits over the long term and when you do invest a small amount of capital, that way if you happen to lose your loss will be small.

yurez

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There is no need to invest a large amount of money in one coin, even if it is a coin from the top 50 and the project looks promising. In general, there is no need to panic ahead of time, perhaps this is just a rollback and the coin will continue to grow after some time. Although the market is now bullish, the coin cannot constantly grow upward, the growth always takes place in waves.

Beparanf

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?
in your opinion how diversify your investment in other alts to cope up your losses?

Cut-loss if the price you enter is on the 1st first red candle. Its will relieve stress rather than watching your token falling down especially when you both during reversal phase. Never look for another project to invest while you are still suffering for loss, just wait and get away to your cp or computer and focus on other things like hobbies. Remember that you can't think clearly while you are suffering loss. Just clear your head then think a better strategy to slowly gain your loss. I usually wait for the market reversal before I enter again.

Lastly, Invest only what you can afford to lose so that you can easily DCA when shit happened.

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Quote from: luca prieto on August 30, 2021, 04:53:16 AM

how do you manage stress if you loss biggest amount because the value of your token is hitting down or NFT project is not ok?

I just forget it like I never have such asset, This sounds ridiculous but so many people were also doing this. I remember some stories about people lost a lot and they have thought that their assets were worth nothing but after years later and they come back again and see their asset growth a lot. I can also try to cutloss it and move it into a better asset.

Quote from: luca prieto on August 30, 2021, 04:53:16 AM

in your opinion how diversify your investment in other alts to cope up your losses?

Try to search for the hidden gem. This is the only way for you to recover your loss if you have been cutting lose your investment. if you have not yet sold your asset and you're loosing your fund in fiat term but it's not in the token.

boled

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As long as you are not all-in, I think you haven't lost if there's only a price drop, as long as you still have the asset. What I do is analyze in more detail about the coin, if there is still a possibility to reverse direction, hold it and wait for the price to return to the price when buying. Unless you play on margin or futures, you must dare to cut loss, and this is where asset diversification is important because profits from other coins can minimize losses on coins that experience price drops. I personally have never All-in crypto assets in one coin. I always split the capital to play in a lot of coins.

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