I lost 80% of my bitcoins in alts, What can I do now?! - page 91.

dynospytan

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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!

If I were in your position I will still hold the coins that I bought. Just wait and believe that the price of your coin will increase when the time comes. Its possible! Just look at the bitcoin price before, it started at low price but now as you can see its huge. For me, altcoin has a potential that will get you profited. Just wait and have some patience.

elbimbo012

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Quote from: feelideb on October 13, 2017, 11:47:22 AM

Well, 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!

Well for me average down is only applicable to the coins worth to keep but if it is just a shit or garbage coin this can only prolong your loss if you average down. I suggest you have to do research the coins where you invested if they have a good project maybe its worth to keep but if there's none you better sold it before it will drop deeper. better to invest in much stable coins next time to avoid this to happen again

crypto4lambo

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Always remember to plan your trade and trade your plan. It is important to somehow monitor your investment once in a while.It is your money you are taking risk, so why not give much attention to it. As the saying goes, if you can hold your losses for a long time then you are an investor my friend. If entering trading, you must asses your self if you are a trader or an investor. If you are a trader then you must have a stop loss to maximize the use of your funds.

CryptoBeefy

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If you believed that much in the project to invest that much Bitcoin then keep the faith and hold on ... I wouldnt sell at that big of a loss

ajiejot

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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 is very sad. We are the same. Since I started in Bitcoin, someone introduced me trading of altcoins, since I'm newbie in trading. I just bought and bought before without knowing anything, I realized last month that I bought in the top price of particular altcoin, so how many months I still holding my altcoins and wait.

Lovetrading

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Activity: 106

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I bought in Zcoin about a year ago, the price was around $4, few week later it went down all the way to 40c. I thought it will never come back.
6 months later I sold it for almost $20. It happened and will always happen. Just hold on them and stop thinking about it.

megalith researcher

newbie

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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 chose coins with not very solid fundamentals. I would not be holding these bags, but you have to choose what is the best for yourself.

bitgolden

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Leading Crypto Sports Betting & Casino Platform

Quote from: Crankautist on October 14, 2017, 04:23:55 PM

Quote from: Niemands on October 14, 2017, 03:12:03 PM

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 haven't lost until you sold Wink

Well OP's opportunity cost should now be in the hundred thousands or million $.

Selling out altcoins for the sake of bitcoin does make sense to me, selling out bitcoin for ethereum, monero, litecoin and other famous altcoins does also make a little sense to me but giving up on all of the bitcoins for buying Stratis and other such altcoins, sorry to say, but makes zero sense.

I think this would have become his greatest regret of life. Bitcoin is now touching 6k dollars. The best is to buy bitcoin again.

faaty

sr. member

Activity: 574

Merit: 250

Well, I am afraid you are asking that question very lately. Holding is only a good strategy for bitcoin, actually it is invented for bitcoin. I do not understand why people adapting that holding strategy into altcoins. Altcoins has to be trading in short term. I mean how come digibyte or stratis be good investment for long term, lets say a better investmend that bitcoin?

I would say you can start trading, buy lows on these altcoins in order to reduce the average cost of altcoins. and sell once they reach higher. you can minimize your loss using such strategy.

catchy

newbie

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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!

Don't sell now. You waited for 4 months, you should wait until the BTCG fork is over - money will flow back from BTC to the alts.
You won't get back up to what you had in June, but it'll be a better exit point if you're willing to sell at a loss and invest in new coins.
Last advice: always keep some BTC.

torry28

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Quote from: Calangaman on October 17, 2017, 03:17:00 AM

Greed is what caused people losing money in the crypto world.

If they all stuck to BTC, they would be happy by now.

Greed would lead us losing our money or make a great profit. To those who still hold/bought bitcoin since many years ago, they are deserve for great profit.
It's same to those who bought altcoin at very cheap price and still hold it until now.

AgatioX

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Quote from: sensimilia on October 13, 2017, 11:44:40 AM

I personally wouldn't sell at such big losses.
It depends on the project of course, but I think the good alts will go up again, just a matter of time.

No use in selling already.
I would just leave depo like this and wouldn't open blockfolio for a year or two.

Calangaman

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Greed is what caused people losing money in the crypto world.

If they all stuck to BTC, they would be happy by now.

desi92

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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!

Did you put all of your capital on that coin in the same time?
If yes, this will much trouble. Actually if you have still capital you can try buy now and if the price increase a little bit, so it can reduce your loss. Its called averaging strategy system.

beebee187

full member

Activity: 256

Merit: 100

I would say stay the course, be patient and continue to hold the altcoins you have until they recover a little bit. Unless you really need to, I wouldn't recommend selling at such a loss right now!! Good luck and I hope your coins recover!!

hua_hui

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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 understand how you feel. I also have some amount into stratis and siacoin, and i do have other coins that have similar fate and they are safex and sys. I am not to knowledgeable about digibyte but i have to say that stratis and siacoin may be able to bound back. They are just retracting back to their original value but whether they will go back to it ath is hard to say. for sc, it can be very difficult cause there is a super strong competitor entering the market and for sc to become popular and success will be even more difficult. in fact, it may lose favour until the price will be even lower. for strait, it will be having its mainnet and maybe the price will rise because of such.

ProsperFisher

newbie

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Hodl you fools!

yusuf98

full member

Activity: 307

Merit: 119

if I positioned you. indeed to make decisions quite difficult. The risks to be borne are considerable. too long hold in my opinion is quite dangerous unless you can find the information as clear as possible the future development of your coins

kandholabhavna

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So what? Crypto is the most volatile market! You are not the only one who is in lost. My portfolio is also almost 80% down. But I am not selling a single dime at these prices.

deadmousehat

full member

Activity: 1974

Merit: 101

if you sell it you are an idiot. selling cheap price means you give in up
hold until their pump again even if you have to wait for years
keep calm,mate

Topic: I lost 80% of my bitcoins in alts, What can I do now?! - page 91. (Read 21887 times)