I lost 80% of my bitcoins in alts, What can I do now?! - page 69.

Titanos

full member

Activity: 208

Merit: 100

Quote from: micrypto on October 13, 2017, 11:33:03 AM

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!

You don't have any solution except holding. They are good altcoins with great potential and you can recover your loss soon.

Hityor_Petar

member

Activity: 118

Merit: 100

This situation is for many who have invested everything in altcoins in spring-summer. Now we can only wait for growth

Ayaancool

full member

Activity: 308

Merit: 100

Now I got two times of profit after 2 months of patience some I sold while I got panic now I really learned a lesson in crypto world we need patience it really pays off .

danmoris

full member

Activity: 280

Merit: 102

HODL what you got, make some profit and the reinvest in coins that are less volatile.

maereglapo

member

Activity: 181

Merit: 10

Alts will still rise after thebear market,so you can opt to hold it or sell lower than your buying price,you know what will happen if you do that.

KTPU777

member

Activity: 154

Merit: 10

AMON - Crypto Debit Card for Everyday Purchases

Considering that you have already held these altcoyins for quite some time, my advice to you is to keep them altogether. In spring, these coins can grow very much and thus you can return your investments.

Rodge182

newbie

Activity: 76

Merit: 0

Quote from: Sniar on December 26, 2017, 04:43:01 AM

Quote from: Rodge182 on December 26, 2017, 04:22:00 AM

It is natural in trading. Some will lose and some will gain. Being calm and poised is what other traders do. You will not always win in trading. Sometimes you need to experience loss in order to be successful. What you can do now is study more potential coins to trade.

I can add that also most of people are loosing because they can't stand waiting, they're hurrying in selling so doing silly mistakes. If you want to be into trading you have to be coldblooded and have an iron butt observing the market 24/7 Grin

Yeah correct. Better to have an iron butt. LOL Patience is needed and being able to be cool even if others are panicking. Some of the tricks in trading can't be learned overnight it takes practice.

X-avier

member

Activity: 406

Merit: 10

Quote from: micrypto on October 13, 2017, 11:33:03 AM

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!

I, like many here, just waiting for the end of this period and may have acquired several promising viola, who is now at the bottom! Yes, if you play for a long time, then you have nothing to fear, everything is cyclical in this world after the fall will increase! When trading a short sale is not more than -15%!

Welckomtome

full member

Activity: 448

Merit: 100

Quote from: micrypto on October 13, 2017, 11:33:03 AM

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!

Of course, keep it! They are already returning their positions from the summer fall to the bottom, by spring everyone should return to those places where there was or still update the maximum value!

Mr Batman

member

Activity: 378

Merit: 10

EndChain - Complete Logistical Solution

Quote from: micrypto on October 13, 2017, 11:33:03 AM

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!

already you lose, I suggest you to hold it. maybe that the price will rise in the near future

Sniar

sr. member

Activity: 560

Merit: 250

Quote from: Rodge182 on December 26, 2017, 04:22:00 AM

It is natural in trading. Some will lose and some will gain. Being calm and poised is what other traders do. You will not always win in trading. Sometimes you need to experience loss in order to be successful. What you can do now is study more potential coins to trade.

I can add that also most of people are loosing because they can't stand waiting, they're hurrying in selling so doing silly mistakes. If you want to be into trading you have to be coldblooded and have an iron butt observing the market 24/7 Grin

Crypto622

newbie

Activity: 3

Merit: 0

Well, did you hold? Look at them now.

Rodge182

newbie

Activity: 76

Merit: 0

It is natural in trading. Some will lose and some will gain. Being calm and poised is what other traders do. You will not always win in trading. Sometimes you need to experience loss in order to be successful. What you can do now is study more potential coins to trade.

Prothestic

newbie

Activity: 3

Merit: 0

What I wanted to say is: you always depend on the BTC/USD (or ETH/USD) price.
I don't get people who are happy when e.g. XRP/BTC goes up, but BTC/USD goes down. I often read you alwys trade in relation to BTC and not to USD, how does that make sense (unless you always expect BTC/USD to rise in the long-term).

1discovery

member

Activity: 70

Merit: 10

Quote from: Prothestic on December 25, 2017, 08:00:35 AM

Quote

Bitcoin price going up means alt goes down (It does not matter how much the $ price of that coin increase)

I am new to cryptocurrencies and this is something that confuses me.

Ultimately I want to trade my coins into Fiats to make profit (hopefully). So if I have some XRP and want to make profit, I need to look at both XRP/BTC and BTC/USD to see whether I got or lost money. But you can't make general statements like the one above, right? With BTC going down lately, it's hard to make any profit at all (unless you expect it to go high again, but then also the XRP/BTC price would go down)
Concluding from that, it would make sense to trade from XRP into BTC when BTC is low and to wait for BTC to go up again?

Its trading man, you can only gain if someone else loses. Choose some safe projects and hodl 3-5 years if you dont have the skills for high risk projects...

Prothestic

newbie

Activity: 3

Merit: 0

Quote

Bitcoin price going up means alt goes down (It does not matter how much the $ price of that coin increase)

I am new to cryptocurrencies and this is something that confuses me.

Ultimately I want to trade my coins into Fiats to make profit (hopefully). So if I have some XRP and want to make profit, I need to look at both XRP/BTC and BTC/USD to see whether I got or lost money. But you can't make general statements like the one above, right? With BTC going down lately, it's hard to make any profit at all (unless you expect it to go high again, but then also the XRP/BTC price would go down)
Concluding from that, it would make sense to trade from XRP into BTC when BTC is low and to wait for BTC to go up again?

svojoe

legendary

Activity: 968

Merit: 1000

einc.io

If you bought Siacoin and Digibyte, now your investments are justified. I congratulate you, it was a good choice. To invest in crypto currency you need to have patience. This is the basics.

magmar

sr. member

Activity: 476

Merit: 250

Quote from: micrypto on October 13, 2017, 11:33:03 AM

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!

That was a huge loss for your side my friend by i advice you to stay calm and do not panic and do not give up because after a week when the prices are back in track again i am sure thatbyou can win that lose back again and make sure that you will do the right thing because that opportunity will not always be in there. Just have a lot of patience and just hold it for a while and do not stick in only one source of income makes sure that you akways have a back up plan in case you gaik at the first one.

shifty30

member

Activity: 126

Merit: 10

long term it should be fine, btc is already going down (although slightly) and looks like many many alts are going up.

energycom

full member

Activity: 172

Merit: 100

Quote from: sotoshihero on December 23, 2017, 01:10:02 AM

Quote from: sentinel73 on December 22, 2017, 11:10:30 AM

Fluctuations in the market is normal. Unfortunately, selling in panic loses most people.
Stay calm and wait. It will definitely recover.

This is I fully agree. Just wait until the market recovers. Always do not mix with emotions when trading as possible. I,ve panic several times already and resulted to losses, I've learned my lessons too.

There are lots of factors mixing our mind in markets.

That's why we can't act right during market crashes and we make mistakes. If you lost something, try to work more and more to get it back.

Topic: I lost 80% of my bitcoins in alts, What can I do now?! - page 69. (Read 21887 times)