How to recover when you are down 90% of your portfolio? - page 2.

coin-investor

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

There's nothing we can't do about it, shitcoins are a pain in the ass and should be sold while there is a market for this, but if you have a coin that just suffering from a bear market, then you can hold it and extend your patience not to sell it and wait for the right time you can recover all your losses, you can never put a good coin down as long as developers are serious in developing their platform.

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Quote from: goaldigger on May 06, 2019, 10:41:05 AM

Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.

That would be a good solution if the price were not going down too deep.
But if he holds from one or two years ago and that coin cannot increase for a long time, then it will be difficult to sell right now because he only gets a big loss than he can imagine.
It is advisable to sell all of the coins right now because he is too late to sell and there is no other way except to waiting for the time to change into the bull market so he can start to sell his coins.

goaldigger

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.

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Quote from: Pattart on May 06, 2019, 08:16:53 AM

Quote from: OrangeSeller on May 04, 2019, 05:55:04 AM

Quote from: bustedsynx on May 03, 2019, 01:09:01 PM

Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

If I were you, the first thing I would do is study how to trade like a professional. If you succeed in this, get rid of your smallest bags which looks dead (no dev, abandoned, etc). Sell them for BTC. Use this BTC to trade.

The most promising ones you keep for the next three years, you never know. You can also try to increase the size of these bags by trading them.

It is bad to hear about your loss but this is uncertain market and you can win and loose anytime. I think you guys will get your value recovered. Not all altcoin are bad, I assume you have ETH and maybe Litecoin and if you see the list for the best coins in the market, they are there. My strategy with Bitcoin when I loose value is I HODL until I reach back my initial value of investment and start gaining. I would have suggested you the same strategy had you had Bitcoin.

recover is a mandatory thing for all traders to do if they lose. but you need a special strategy and introspection first, before trying to recover. you have to know why you can lose that much, and other tips don't be too stressed that you have to recover as soon as possible, just do trading as usual, don't make it too excessive

Its not really mandatory yet it would be suggested to take it slowly when it comes to recovering your loss because if you do stress out yourself too much then it would rather result to more further loss.

Losing is inevitable and going deeply on 90% loss is really very stressful if you are a trader or investor. Finding ways to recover wont really be that easy along the way.

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

I will be hard for someone to recover from that loss, I think you should patiently do trading because it will really took time for you to recover your loss specially if you had a small capital, one thing you can do is to gamble it but it is risky, you might lose your 100% to it.

target

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If you bought shitcoins and you knew they are shitcoins, you're doomed, its meant to be dumped. There are thousands of these at presents, but are claiming to be profitable to hold and are shilled by its holders. I have been checking my tokens for months which of them are and will find which DEX its listed and will sell then for whatever its prices is. Whenever I read news on their telegram channel and people says its scam, it could really be true.

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Quote from: OrangeSeller on May 04, 2019, 05:55:04 AM

Quote from: bustedsynx on May 03, 2019, 01:09:01 PM

Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

If I were you, the first thing I would do is study how to trade like a professional. If you succeed in this, get rid of your smallest bags which looks dead (no dev, abandoned, etc). Sell them for BTC. Use this BTC to trade.

The most promising ones you keep for the next three years, you never know. You can also try to increase the size of these bags by trading them.

It is bad to hear about your loss but this is uncertain market and you can win and loose anytime. I think you guys will get your value recovered. Not all altcoin are bad, I assume you have ETH and maybe Litecoin and if you see the list for the best coins in the market, they are there. My strategy with Bitcoin when I loose value is I HODL until I reach back my initial value of investment and start gaining. I would have suggested you the same strategy had you had Bitcoin.

recover is a mandatory thing for all traders to do if they lose. but you need a special strategy and introspection first, before trying to recover. you have to know why you can lose that much, and other tips don't be too stressed that you have to recover as soon as possible, just do trading as usual, don't make it too excessive

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Identifying mistakes from previous actions that you've done will give you good insight what to do next, you said you have shitcoins inside your wallets so if I were you, I'll begin to work with that, shitcoins while still have some value needs to be sold, then use the money to divert your investment to another coin/s that have potential growth, start investigating and studying those coins around top 50 alts and select which are the best coins to hold, the expected bull will help you to recover as long as you have patience to wait.

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

If you are holding the shit coins yet then better convert it into some of recognized cryptos like ethereum or bitcoin and then just wait for the bull run to hit your coin and star reap your profits at the right time.

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

The best is to keep that portfolio aside till the bull run comes and start investing in newer projects that have very good products, at least by now, I am sure that you would have leant from the mistakes you made in your investment that led you to accumulating much of those shitcoins.

Those shitcoins will still come back to life during the altcoins season, but I may not promise that you will see profit then, but I can guarantee that you will be able to get your capital out, which you can then use to invest in bitcoin, but we still have a long way to go in this. So pending that time, buy new good coins and trade with it.

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Quote from: Mpamaegbu on May 06, 2019, 03:36:57 AM

Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

With 90% down on your portfolio, there isn't much you can do except pray and hope (that's if you're the praying type) that it turns bull again. You have really cut deep into your capital without any MM (Money Management) in place. This is a bad trading strategy. In fact, it's not a strategy at all. And to say those coins are shitcoins, only the worst can happen right now because shitcoins hardly recover from a crash.

That percentage amount of your loss in your portfolio might you didn't monitor your all coins movement that is a quite huge amount of loss. Because if you know which coin that you think to become shitcoin you can quickly divert it into bitcoin or other cryptocurrencies which is potentially grown and surely you can earn a profit, isn't it right?
If you feel that one of your holding coins was going down you can divert it into a good coin which is good to trade. Here is some tip of minimizing loss while holding your bitcoin on the exchange, when bitcoin is going down you divert to USDT which is stable but you can still monitor on it.

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

With 90% down on your portfolio, there isn't much you can do except pray and hope (that's if you're the praying type) that it turns bull again. You have really cut deep into your capital without any MM (Money Management) in place. This is a bad trading strategy. In fact, it's not a strategy at all. And to say those coins are shitcoins, only the worst can happen right now because shitcoins hardly recover from a crash.

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Quote from: calandra78 on May 03, 2019, 08:21:32 PM

Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

what your are feeling as same at people who begin investment of cryptocurrency, for i know some people just relax for this situation, do sporting, party and playing as ussuall. they don't thingking what did investment a year. let's go to party man

Partying sounds a lot unprofessional. Peoples who have time for partying have very less time for their financial career. No matter what the situation turns, you should never forget why you are here. You are here to have some good profits and not just to buy some shitcoins and concentrate on partying. The investments you make will make you rich tomorrow so you really have to think twice before you invest into any coin.

A perfect investment can lead you have immense profits ahead. Starting early investments is also a good sign of profitable future. The only strategy to get out from this would be to buy some stable coins and wait for them to pump so that you can sell on peak by keeping a stop-loss to avoid unnecessary loss.

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Are the shitcoins you invested into dead already? Compare their volume and daily trading limits and you can even now have some faith from those shitcoins if they are not yet dead tokens. HODL no matter what the situation becomes and once the price for the coin goes below your stop-loss than there is nothing rather then to sell those coins at a loss of hold them if you have any faith in them.

Be patient and never panic sell. If you want to yet cover your losses then you should invest in some of the major altcoins who can show us good growth ahead in these coming bull markets. Bitcoins is the first preference as we can surely see good price for bitcoins ahead as the markets start rising.

GreatArkansas

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Quote from: marycrazy08 on May 04, 2019, 02:59:40 AM

Do you guys recommend to just invest in the top 10-20 coins?

It's still risky to invest in top 10-20. Consider also your risk:reward ration on that. There's still possibility that those top 10-20 coins will be dead in the future just what happened few years ago, look who's the top 10 to 20 before, where are they now?

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In my opinion, the best way to recover when you are 90% down is to do fresh investment, as the price of the most cryptos are down, so if you invest now then it would be easy for you to recover your funds when the market goes in bull trend.

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Quote from: popolite11 on May 04, 2019, 12:11:10 PM

Quote from: goinmerry on May 03, 2019, 12:14:58 PM

Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Restart your portfolio and try to never did the same mistake again.

Shitcoins will never rise again. Therefore no sense of waiting it to become bloom again. They are basically dead projects now.

Move on and accept all the losses you have made.

Shitcoins will never rise: they are always created for a pump/dump stuff. It is better to invest in Bitcoin and the altcoins, which are in the top-20. I trust DASH, Litecoin, Monero.

Thank you for your recommendation. I am closely monitoring BNB, what do you think on this?

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Quote from: goinmerry on May 03, 2019, 12:14:58 PM

Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Restart your portfolio and try to never did the same mistake again.

Shitcoins will never rise again. Therefore no sense of waiting it to become bloom again. They are basically dead projects now.

Move on and accept all the losses you have made.

Shitcoins will never rise: they are always created for a pump/dump stuff. It is better to invest in Bitcoin and the altcoins, which are in the top-20. I trust DASH, Litecoin, Monero.

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Quote from: marycrazy08 on May 04, 2019, 02:59:40 AM

Do you guys recommend to just invest in the top 10-20 coins?

Yes. Obviously, these are the coins that a novice trader can hope for. All coins that are lower can carry big risks. If there was one loss in the sale, you may need to draw big conclusions for yourself. You need to understand your mistakes and be very careful.

The Cryptovator

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Quote from: marycrazy08 on May 02, 2019, 08:17:20 PM

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Feeling sad that you have losed fund on trading. I don't know about your trading strategy. But I am suspecting that you have made few mistakes. Like you have jump each coin to another coin and that was almost shitcoin. First thing is you need to select a better exchange who will not add much shitcoin. It's possible to recover by trading with proper way and need enough patience. First you should use stop loss, so your loss will be minimized. If you like to jump another coin then obviously choose a potential coin which will likely up trend. Don't make multiple decisions and don't be confused. Do whatever you want with confident. There is few guidelines about trading on this board just try to search and learn more.

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