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Topic: I lost 80% of my bitcoins in alts, What can I do now?! (Read 21887 times)

hero member
Activity: 1249
Merit: 506
Don't be panic because of the current market situation. It's is not the first time to happen this. We need to behave more patiently. You have to hold the coins until the market is growing. Don't lose your hope about the crypto currency.
member
Activity: 162
Merit: 11
^_^10 years BCT^_^
You need more patience, dude. I mean, you lost almost all. You have no choice. Of course, you can sell the rest of altcoins.
But, what will you feel when these altcoins will grow after 6 months? Well, I don't know. In 5-6 times, for example. What then?
I think you should wait now. But if you sell all now. You just will fix your loses.
member
Activity: 714
Merit: 11
If you overall evaluate, the price of the bitcoin is also 80-85% low so it means you are still at stable or profitable situation.
hero member
Activity: 938
Merit: 500
CryptoTalk.Org - Get Paid for every Post!
It is really hard to gain profit right now the market keeps on crashing down,
I think the only thing you could do right now is to hold it.
full member
Activity: 378
Merit: 103
There is strategy called Average down! If you had been using the strategy you may not have lost so much. It is not late now. Double the units you have in all these coin. Any 10 % to 20% increase in price will automatically put you in profit! Keep buying the deep and you won't lose a dime at the end of the day.So, try to keep a comparable portion of your investment in bitcoin.Accepting the loss is the hardest part.
full member
Activity: 602
Merit: 100
Most of us facing same situation, our portfolio down more than 90%
At this position we have only chance to hold the coins instead of panic selling at a huge loss.

I will personally recommend you to hold your coin & concentrate on market & try to recover at least your initial investment.
jr. member
Activity: 238
Merit: 1
Well, of course now the best strategy is to keep drawdown very strong and I think soon the price will recover , tablee you have a good coin
newbie
Activity: 42
Merit: 0
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sr. member
Activity: 1313
Merit: 278
Only one conclusion can be drawn from this, you followed a wrong trading strategy like everyone else. We all hoped for infinite growth, but this does not happen. A similar scenario had to be foreseen.
member
Activity: 80
Merit: 24
all the decisions in your hands ... but if I, I will still hold it because I've lost too much ... I'm sure and believe a point where prices will bounce up it's just that we don't know when it's time so we can only be patient now
full member
Activity: 602
Merit: 100
You need new money flow,because crypto has dropped drastically.
New cash invested in crypto will help you, so you have to concentrate on it.
Just make your portfolio bigger and get smaller average price of your crypto
jr. member
Activity: 230
Merit: 2
XCRYPT
I'm also in this situation. I have lost lots of coins with this present dip. So, I think I should hold till there is a positive change next year. Selling my coins off this time will bring about a huge loss, which I do not wish for. I think it's best you just hold unto it till it rises.
sr. member
Activity: 784
Merit: 256
Binance #Smart World Global Token
If you do not want to lose everything, then now you need to sell a cryptocurrency. Because bitcoin will continue to fall to the level of 1000, and maybe even lower. Therefore, do not be afraid of losses, sell.
This is one of the most terrible and stupid advice! It is better to keep your tokens and coins, because at any moment the market can turn around and you will be left with nothing.
full member
Activity: 392
Merit: 100
We will just wait for good days unfortunately, we earned good money in january but we didn't have enough experience to decide what we should do so we didn't sell and again lost all profits, I will wait for next bull run.
newbie
Activity: 37
Merit: 0
Hey there

In june & July I bought Digibyte & Stratis & Siacoin with all my bitcoins, till now I lost almost 80%

What can I do, HOLD or Sell or What!
HODL!!
copper member
Activity: 224
Merit: 0
Why should you sell and make an 80 percent loss right now? If you are already unhappy with what you got, just hold and wait for the better market conditions. You will be able to get your cash back within a half a year.
newbie
Activity: 30
Merit: 0
I think you should hold until you recover your investments or...if you consider doing so, you can trade what you have into ethereum because the price is lower than btc's and eth is a strong coin.
Holding now is a good opinion as if you will sell then you will lose while if you will hold then there is a full chance to recover your money. Other option with you is to do trade as mentioned in the quote which I recommend only to those who are expert in trade.
legendary
Activity: 2464
Merit: 1145
Hey there

In june & July I bought Digibyte & Stratis & Siacoin with all my bitcoins, till now I lost almost 80%

What can I do, HOLD or Sell or What!


This threads pops up every year  Grin

Sorry for your losses, take it as an expensive lesson what you shouldnt have done!  Sad
member
Activity: 364
Merit: 10
If you do not want to lose everything, then now you need to sell a cryptocurrency. Because bitcoin will continue to fall to the level of 1000, and maybe even lower. Therefore, do not be afraid of losses, sell.
hero member
Activity: 1204
Merit: 500
At this point hold whatever bags you still have and look under ever couch cushion, mattress, rock, anything for any extra cash you can come up with right now. And spend it all on these discounted prices. Keep working your day job, don't buy anything, and throw every penny you earn to dollar cost average into this bear market till it eventually recovers. Cause it will.
sometimes people always complain about things like this. should, before holding back the assets you have, you already know how to risk in cryptocurrency. well, but because it's already done, there are only 3 choices you can make, namely, sell it, and accept losses, hold it back, or trade. well, think carefully before you step.
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