I lost 80% of my bitcoins in alts, What can I do now?! - page 94.

PokerFace3

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Quote from: micrypto on October 13, 2017, 12:33:03 PM

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 will advise you hold for now since you have already gotten so deep in most of them. Looking at some of the altcoin charts, they have gone extremely bad even as low as 120%. I have me one of them. However, I am planning to hold most of them anyway since they are good coins and I know even not now, after a while they will bounce back even if the wait is going to take like forever at this stage, I really don't care and if it gets more worst, I just accept my fate and move on.

marados

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Quote from: micrypto on October 13, 2017, 12:33:03 PM

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!

Probably worst thing that you can do now is panic and let your emotions make you sell now at loss. Just hold on and stay true to your investment if you believe in projects that you invested in and just be patient.

Coins that are currently dumped will get back on track probably after Bitcoin hard fork that’s happening on October 25th. Just be patient and don’t sell now. Some altcoins might be a great long term investment, especially when they get mass adopted.

Zadicar

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Quote from: micrypto on October 13, 2017, 12:33:03 PM

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 you do sell out now then you will only get 20% on your total capital which isnt justifiable. If that thing would be on my case i would rather hold up those coins and forget them.Take the risk on here 80% negative would really make you panic but you cant do anything about it which you are already floating on negative side.Just let it go and focus into another coins or just solely on bitcoins.

OriginalBankster

newbie

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i would sell, at least Digibyte and Siacoin. The time you spend bagholding and waiting for it to go up again, you can spend better by
investing in profitable projects. Put some in OMG, some in KNC, ZRX and participate in some pump and dumps (max 20%), currently it is Metaverse. Make sure to get out in time.

Crankautist

member

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Dont worry OP you are doing as good as 70-80% of all other traders Wink

dumplingsandsushi

member

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Lots of different advice. But always remember, you will only lose or gain when you actually sell.
Hold on to them, youre so deep in the red that its not worth recovering.
Start over, takenwhat you learned and set aside a small percentage of your income

stefek99

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Quote from: micrypto on October 13, 2017, 12:33:03 PM

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'm sorry to hear that.

The "good news" is - you are still afloat, it's not that you lost everything.

And when looking at absolute dollar amount, you are maybe down 40-50% ?

I've also purchased a lot of alts, I try not to beat myself too hard... It was a speculative bet, I took some risks, shit happens.

I'm really sorry, I wish everyone around me (including me) was prosperous.

kijaki

newbie

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Okay, I will trust you, but a lot of people are in similar situations. So it is hard to stay in the alts Undecided

BHTeam

full member

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https://www.crypto-coinz.net

Just HOLD them until you get what you invested.

FrankNoland

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Quote from: micrypto on October 13, 2017, 12:33:03 PM

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 don't think that you have any other option than holding, selling is not even an option. The thing is even if you decide that you will be selling your altcoins for a loss, how are you going to recover the 80% that you have lost already? What I would advice you to do is to just hold, those altcoins will definitely recover soon, and you might probably make profit even. You are not the only investor experiencing a loss, a lot of us do, never sell for a loss.

jyotianand01

sr. member

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You bought the good coins that time but its your bad luck that the market of these coins dropped sharply even I am also holding Digibyte & Stratis & I have no plans to sell these coins in hurry. I don't want to book losses. I have patience to hold these coins as I am thinking these both coins will rise again in future & I would suggest you to buy more in lows & calculate the average and then sell at profits.

tiggytomb

legendary

Activity: 1848

Merit: 1000

I think we have all lost a decent amount when trading alts, took me a while to learn my lesson and take out my initial investment when they started to rise.

If you think thwy will rise again you could just hold, it is terrible when you sell at a loss only to see the coins rise afterwards.

Rebellious

newbie

Activity: 56

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I guess you should do a lot of researches at this point and follow your guts..

Gambit1306

member

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I also learned the hard way to work with stop losses. But now that you're at this stage, remember Warren Buffet's quote: "The stock market is a device for transferring money from the impatient to the patient."

joshmontford

member

Activity: 98

Merit: 10

This is difficult. I know how that feels (even tho my investments weren't as big as yours). I would hold. This fork is taking a toll on everything and everyone

MI6

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Quote from: micrypto on October 13, 2017, 12:33:03 PM

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!

80% is a big amount, too late to cut loss and buy more in cheap price. it is better for you to hold and hope for miracle don't try to catch your loss with other coins because your mentally still not good after that loss

Svelto

sr. member

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If you believe in the coins, there is no point to sell them now since BTC is pumping and most altcoins are in the red. You only lose if you sell, hold on to the coins and wait for recovery.

matico

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The Standard Protocol - Solving Inflation

If you are not in need of that money now and you believe the coin has a good future, unplug your computer. Before you do that put your coin in safe vault and forget it for at least a year!

Ch1bi

full member

Activity: 289

Merit: 100

I would recommend you do more research before investing in coins. Research the team, the project, and the past history of the price to make a more informed decision. Another quote that's mentioned a lot around here is not to invest more than you're willing to lose. It's good to have some Bitcoin set aside, and a fund that's used for trading.

abcd7

member

Activity: 126

Merit: 10

dont panic we are in the same possition

hold them...recently i sell all stratis and bought again to sia still believe in SC , is promising and i think 2018 will be a grade year for SIA COIN.

Topic: I lost 80% of my bitcoins in alts, What can I do now?! - page 94. (Read 21873 times)