Topic: How to survive if you lose more than 80% of your Capital? (Read 1758 times)
In fact when we decide to choose a good business, don't speculate on that. In the bear market, everyone is losing because it seems that we depend on the numbers in ATH. And the best thing to do during that time is HODL and buy. The newly created ones also attract. So it is better just to go for coins with bigger movements.LTC, ETH and of course Bitcoin. Better just stay there.
The choice is yours, 80% ain't something you can just forget and move on from, even if I have to tell you to invest that money on any project we don't know what will happen, but if Bitcoin can go down alot like what happened when Cov-19 took over then it will be an opportunity to recover your money
You are already a survivor if you've invested what you can afford to lose, in any investment market losing is inevitable, it is from losing we matured as an investors, once we matured we can survive any condition in the market, but in any situation only invest what you can afford to lose.
In investment into cryptocurrency there is a popular saying that goes like this: "be rest assured to invest what you can afford to lose in the process". There has been many people who have been doing investment without their understanding of the ways the investment works, investment in bitcoin is such that need long-term Patten and not the short-term. If you're losing your investment with 80% investment funds, is expected that you take such investment into a long-term for you to gain back the lost profits.
There are several possibilities that might be done when you lose more than 80% of capital such as immediately sell the remaining, whether it's to buy other coins or maybe to support your finances for the next few days until you get money from the main source of income, keep holding because you believe prices will recover but with a note, you also have to manage finances well so that your life does not suffer, and other things that will definitely be done without any careful planning.
I think that once you have lost 80% of your capital the first step should be to revaluate your strategy to try to understand how you got to that point? Because if you do not do that then it doesn't matter what kind of strategy you try to pursue most likely you're going to repeat the same mistakes again and you will lose your remaining capital, however even if you find the reason of why you lost most of your capital the truth is that just to recover the money that you have lost it will take an enormous amount of effort and several years of taking the right decision all the time which is something not easy at all.I agree with you, the first thing to do after losing more than half of your trading amount should be checking what went wrong! If a coins drops so hard (and here we shouldn't make a mistake and identify as same all coins) maybe it will drop even more, and maybe that coin will never recover! Bitcoin (maybe ethereum, dash, and couple others) is the coin you need to trade with, and if the price drops so hard, move that coins to wallet and be ready to wait a year or two before you see the price recovered!
Not every coin is good for trading, especially not for long run holding, it's why bitcoin is the best coin for trading, even if it drops you can keep it and wait for recovery! You can't do that with every coin!
You still have 20% of your assets, so you can start over. But if you have lost 80% of your assets in this market, it is a huge failure. There needs to be an important lesson from that loss, and avoid letting it continue in the future
Start with learning how to invest at the right timing, per OP's statement he was talking about early 2018 where the market is bullish, most of the altcoins I guess had their ATH last January 2018 while bitcoin had its ATH last December 2017. So the hype is really big time that time, new investors fall for the FOMO, they invested and think the price will skyrocket even more but they are wrong as the moment the whales start to cash out by dumping, the panic will begin.
maybe OP just learn to buy at dip instead of of buying at peak.
80% is a big loss no matter how we try to push it. But it isn't the end of the world especially if your capital fund gain mostly comes from crypto. I have no doubt of that person can easily recover back if he could earn a good amount of crypto to be his funds.
You still have 20% of your assets, so you can start over. But if you have lost 80% of your assets in this market, it is a huge failure. There needs to be an important lesson from that loss, and avoid letting it continue in the future
It's not advisable to hold onto pass mistakes or losses encountered during life's journey. If you are focused and you such believe that you'll make earns from crypto, you will surely see it coming through. Trust, be patient and don't be distracted or discouraged from the negative influence of the past losses
There are several possibilities that might be done when you lose more than 80% of capital such as immediately sell the remaining, whether it's to buy other coins or maybe to support your finances for the next few days until you get money from the main source of income, keep holding because you believe prices will recover but with a note, you also have to manage finances well so that your life does not suffer, and other things that will definitely be done without any careful planning.
I think that once you have lost 80% of your capital the first step should be to revaluate your strategy to try to understand how you got to that point? Because if you do not do that then it doesn't matter what kind of strategy you try to pursue most likely you're going to repeat the same mistakes again and you will lose your remaining capital, however even if you find the reason of why you lost most of your capital the truth is that just to recover the money that you have lost it will take an enormous amount of effort and several years of taking the right decision all the time which is something not easy at all.I agree with you, the first thing to do after losing more than half of your trading amount should be checking what went wrong! If a coins drops so hard (and here we shouldn't make a mistake and identify as same all coins) maybe it will drop even more, and maybe that coin will never recover! Bitcoin (maybe ethereum, dash, and couple others) is the coin you need to trade with, and if the price drops so hard, move that coins to wallet and be ready to wait a year or two before you see the price recovered!
Not every coin is good for trading, especially not for long run holding, it's why bitcoin is the best coin for trading, even if it drops you can keep it and wait for recovery! You can't do that with every coin!
If you have experienced losses in the past and even lost 80% of your funds, then my advice is you need to stop and start again when you recover.
Stopping does not help at all to the question, OP only lose 80% of his capital, he does not lose everything yet, so that 20% can still be use to recover what he has lose. Well, holding for long term would not help anymore as it will take a lot of time, the only way is just for OP to learn how to effective do trading especially day trading, just like gambling he can easily grow his money if he is lucky and maybe good enough.
From this point he will find more knowledge to find valuable and potential currency to invest so the possibilities of losing will make less in this part.
We knew how hard to day trade so he will be needing more time to learn,He losses because of lack on knowledge to make trading and that is the thing he need to realized first,
If you have experienced losses in the past and even lost 80% of your funds, then my advice is you need to stop and start again when you recover.
Stopping does not help at all to the question, OP only lose 80% of his capital, he does not lose everything yet, so that 20% can still be use to recover what he has lose. Well, holding for long term would not help anymore as it will take a lot of time, the only way is just for OP to learn how to effective do trading especially day trading, just like gambling he can easily grow his money if he is lucky and maybe good enough.
Anyways past can't changed. If you are still try to keep you alive in crypto is keep calm, Trust in your choice, and HODL it. One more thing you should be in
a very potential coin, if you are HODLING shit coins, So you need to be brave and jump into a better coins.
Hope this will help you.
a very potential coin, if you are HODLING shit coins, So you need to be brave and jump into a better coins.
Hope this will help you.
You can survive if you invest what you can afford to lose on the time that you are investing, but if you are not it's hard to keep up, investors should always be aware of this advice, even if the coin that you are going to invest look safe, and have a good potential you never know what's going to happen next in the market.
That was totally true. Whenever we do investment whether in crypto or in stock market, we must always think that we will just invest the amount that we can only afford to loose because in investment there are risks that must be taken before coming up into a success. It does not mean that when you have invested a large amount of money you will going to gain large profit, it still depends upon the potential of the coin or project you have invested with to get your money working into earning. Coins seems to be safe at the first time you have handled it but we do not hold time which caters changes so unexpected things can really happen so better take the low risk by investing only what you can afford so that you can still be able to recover yourself if ever an investment you made have failed but do not loose hope instead look for another better opportunities because there are lots of opportunities that can be found in the industry we are all have been working with.
What was we need to do there was only patience. Because every coin always give you a chance to be survive your self by bouncing back near your buy rates.
it reminded me of a youtube channel that talks about cryptocurrencies, the guy from the channel two years ago said he bought ETH for the price of 0.09 BTC and that in a few years (I think he spoke in two years) the price of ETH it would be too high. man I keep thinking how he must be taking this loss, he continues with his channel, but he doesn't have many followers. That high optimism that people have can be a big problem
Anyways past can't changed. If you are still try to keep you alive in crypto is keep calm, Trust in your choice, and HODL it. One more thing you should be in
a very potential coin
a very potential coin
I only see bitcoin as a good currency to hold for the long term
if you are HODLING shit coins, So you need to be brave and jump into a better coins.
I hope that your advice be heard by many people
There are several possibilities that might be done when you lose more than 80% of capital such as immediately sell the remaining, whether it's to buy other coins or maybe to support your finances for the next few days until you get money from the main source of income, keep holding because you believe prices will recover but with a note, you also have to manage finances well so that your life does not suffer, and other things that will definitely be done without any careful planning.
I think that once you have lost 80% of your capital the first step should be to revaluate your strategy to try to understand how you got to that point? Because if you do not do that then it doesn't matter what kind of strategy you try to pursue most likely you're going to repeat the same mistakes again and you will lose your remaining capital, however even if you find the reason of why you lost most of your capital the truth is that just to recover the money that you have lost it will take an enormous amount of effort and several years of taking the right decision all the time which is something not easy at all. I agree to the point that even if someone got into a coin at high prices he should keep on hodling because accepting such a big loss is not feasible idea, especially if you think that the coins you are holding are good and team is actively working on team then prices will grow during next bull run it is just a matter of time when we see bulls back in the market.
Have you been seeing there are so many good coins that have dumped even if these coins have very good fundamental? That will not give a lot of guarantee. If you have bought such coin at a higher price and when it goes down and you will lose a lot of your coins or money in a very short time. without a chance for you to sell your chunks
Holding would be great idea to make that money back but if you do nothing but just holding you are going to wait too long to make it back, especially if you lost %80 of your capital it will become even harder to actually climb that back straight up.
Just buy more, I know it is not going to make sense to go into something that lost that much money, you would think that why would I want to buy something that made me lose so much money, however one thing is for sure, if we are talking about a good coin that has a chance to comeback, that means you should buy from bottom as much as you can and eventually when it goes up you will be profiting from it. That may not be quick but at least it will be quicker than just keeping it and waiting for it to go back up.
Just buy more, I know it is not going to make sense to go into something that lost that much money, you would think that why would I want to buy something that made me lose so much money, however one thing is for sure, if we are talking about a good coin that has a chance to comeback, that means you should buy from bottom as much as you can and eventually when it goes up you will be profiting from it. That may not be quick but at least it will be quicker than just keeping it and waiting for it to go back up.
If you have experienced losses in the past and even lost 80% of your funds, then my advice is you need to stop and start again when you recover.
I agree to the point that even if someone got into a coin at high prices he should keep on hodling because accepting such a big loss is not feasible idea, especially if you think that the coins you are holding are good and team is actively working on team then prices will grow during next bull run it is just a matter of time when we see bulls back in the market.
Have you been seeing there are so many good coins that have dumped even if these coins have very good fundamental? That will not give a lot of guarantee. If you have bought such coin at a higher price and when it goes down and you will lose a lot of your coins or money in a very short time. without a chance for you to sell your chunks
I agree to the point that even if someone got into a coin at high prices he should keep on hodling because accepting such a big loss is not feasible idea, especially if you think that the coins you are holding are good and team is actively working on team then prices will grow during next bull run it is just a matter of time when we see bulls back in the market.
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