Topic: How to manage losses? - page 6. (Read 827 times)
if I myself try to rise from a loss when buying a token and after that the price decreases by waiting for a few days .but we must always monitor how it moves, for example for two days there is no upward movement I immediately change to another asset..
If you invest in a new project that is still developing, you should cut and lose, and buy back when prices are low. Or if on the exchange and can set at what lowest price you will sell the altcoin. For coins that are stable or large projects such as the 10 best coins on cmc, the possibility of the price rising again is greater as long as you are able to hold on to the coin.
Experience is the only way to manage losses. With time you will learn that you lose money, buy get experience and next time dont rush in making decisions to buy or sell. The only thing you can do is to return more educated and be less impacted by stress.
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?
in your opinion how diversify your investment in other alts to cope up your losses?
In my case, I won in one of the NTF games that I invested and I had a chance to choose from 1-10 NFT games to diversify my asset. But the bad thing about my recent investment was the game I chose was not really good and the ROI is not fast as the first game I invested in. I ended up losing with this diversify method but you could end up winning if you avoid my mistakes. Don't rush on investing in other games and don't get hype from the YouTubers who only talk good things about the game because what only matters to them is their views, they don't like to speak the bad side of it so it's best for you to make your own research.
Do not put your eggs only in one pot. Distribute in different pots. I think you will be understand whats my meaning. Don't take stress you get more loss. don't be greedy.
Just relax and re manage your plan and strategy. If you take decision in stress you will get more loss.
Just relax and re manage your plan and strategy. If you take decision in stress you will get more loss.
managing the losses caused by the token value dropping I personally consider it a savings for the future if it is a top altcoin, well if it's a shit coin I will take a deep breath and surrender to the market, while trading other coins with the remaining money, and become future lessons if you want to invest in new coins
Maybe leaving the market is the best thing to manage stress because of losing the biggest amount. I already have that experience and yes, it will need more patient to handle the emotion. If you want to invest in crypto, you can diversify your money in many potential altcoins so you can make a profit from various altcoins. The percentage of diversifying will be different because that will depend on how much money you will use. Maybe 60% in bitcoin and 40% in altcoin will be good but for 40%, you need to diversify in some altcoins.
I'm investing only in well-known coins like BTC and ETH. So i don't feel really stressed even if it crushes. As the time goes price goes up again. And i'm planning to buy and hodl my coins for at least 5-6 years. I'm pretty sure it will be 5-6x times higher than now or even more.
You should have a plan in order not to be distracted by market movements, for example, when to buy something and when to sell something in particular. Most of the time, when we see our asset suddenly decrease with a conspicuous speed, we tend to become frighten and accidentally make a dump decision such as selling all of your assets to fiat. And absolutely you will be in the depth of regret when you see your coins (or your nft or any digital asset) do up significantly
Therefore, having a plan is very important. It will help you to get rid of excessive emotion, thus, prevent you from making false decision
Therefore, having a plan is very important. It will help you to get rid of excessive emotion, thus, prevent you from making false decision
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?
Cut loss if you can't bear the losses anymore and just wait again until it dips for more so that you can buy it cheaper. But if you can still bear the stress with your continuous losses, buy more of that token and at the same holding your current holdings.in your opinion how diversify your investment in other alts to cope up your losses?
It is important that you hold bitcoin. It is the best cryptocurrency that you can ever have in your portfolio. You can diversify as much as you can through altcoins but never forget to own a big or half or 1/4 of your total portfolio in bitcoin. Because it will make you still recover despite your huge losses through altcoins. It has been tested by me and other holders to cope up with those losses that you're making through your alts. 
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?
I always diversify my investments and never invest in a single project with large amounts of money , I advise you when entering a volatile market you should learn to diversify your investments . Your investment and should not invest in one project too much or all assets in investment will be very risky and you will lose or be affected by every emotion in a project where you use all your resources . Your assets to invest , Learn how to be a wise investor who knows how to divide many amounts to invest , Then you can control your emotions as well as manage losses from dead projects. in your opinion how diversify your investment in other alts to cope up your losses?
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?
in your opinion how diversify your investment in other alts to cope up your losses?
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