Topic: Strategies for minimizing losses (Read 488 times)
I agree, in the world of cryptocurrency we must be more active in reading and analyzing the market. because we know that market prices are unpredictable and unstable. especially in trading, you should really know the right time to sell and buy coins in order to make a profit. it has to be done well if we want to get the profit.
It's a great advice for me to take a break from trading because it is emotionally and mentally hard to be always in the trading condition, when your brain is filled only with the crypto trading related thoughts.
If you really believe in your coins then i think their there is no need to cut losses as the crypto coins economy is designed as such to increase in value and demand overtime.
There are a lot of aspects to minimize losses. I should mention about "half-part" trading/holding, strong password and using only popular and safe exchanges.
really well and my advice also do not ever panic with the decline of the market is getting down, because if we can control our emotions to continue to hold certainly can avoid the name of the loss. so good trading is like that before 
Excellent post OP. I completely agree with you. One of the biggest tips to reduce losses in this volatile cryptocurrency market is to stop staring at the markets all day long and focus on HODLING instead which seriously helps a lot and reduces the pressure involved with this market. Diversification is another important tip which I always recommend to anyone looking at investing(Avoid over-diversifying though which could cause problems sometimes).
This is like one of the options, I would have left about half of my money in long-term investments, and the other half would try to trade on a daily decline and a rate increase.
stop limits are one of the most useful thing that you can reduce your losses during sharp falls. because you can exit in the beginning of the fall and collect when price is lower. and it is very easy to use.
I agree with all of that. Don't think that you get losses until you sell it. Don't make yourself panic with that. Try anything that has chance to get more profit. You must be wise in doing something.
A good strategy to make a profit is to buy at a low price, be patient and be confident that bitcoin will increase. Hold on when prices are volatile as prices are definitely improving and could increase, and when a high price sells for a profit.
the best strategy to minimize the loss is with stop loss
if not, when you see the price will be down deeper, you can sell your coins then buy again in the deeper price,, so you can collect more coins
after that, wait until the price make a corrections in down trend, then you can sell it,, so, you will make a profit in the down trend
if not, when you see the price will be down deeper, you can sell your coins then buy again in the deeper price,, so you can collect more coins
after that, wait until the price make a corrections in down trend, then you can sell it,, so, you will make a profit in the down trend
The market is too unpredictable and you can never be 100% sure of your actions. I think that your strategies are used by many, but in fact they are useful only in theory, not in practice
Thanks for your sharing about the strategies, I will follow it and monitor the result. The market is in downtrend and it is very difficult to find the good way to get income from trading or investing.
Very often it sounds silly when people are saying that I have lost some value of money, because I've been trading and I sold for less money that I could, I'm thinking that this is not a lost it's just a smaller amount of earnings.
There are a lot of aspects to minimize losses. I should mention about "half-part" trading/holding, strong password and using only popular and safe exchanges.
There is only one way for me to minimize losses: be confident in information that you have got, be careful making a choice that will influence on your future income or on the money at all.
My scheme is to location at those dependable and rock-steady altcoins chiefly when they are at a stumpy payment at the market
Please choose one that you feel is the best solution when you have lost substantial value on your investments (or add another strategy to help out the community):
#1 Realize that you don't actually lose anything until you actually sell at a loss. So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.
#2 Come onto bitcointalk and whine and cry and find out what to do with your life. When no one gives you clarity or direction, panic sell and lose your life savings.
#3 Start hedging your bets. Put more money into similar projects or move things around to balance your portfolio out.
#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token. Thus making it easier to make back what you lost.
#5 Join a pump and dump group because those work 100% of the time with no losses whatsoever *rolls eyes*
Personally, when I first started out, I honestly did #2. After I learned my lesson I just decided to hodl. Now, I am making a more proactive stance on my investments and am doing #4 to much benefit. Nothing melts stress away quite like actual results and making smart investment moves is always better than just passively sitting back and waiting for things to change.
The strategy depends on the potential of the coin. Strategy 4 I think it's better to invest in coins that have the potential to grow back. A strategy that often does is strategy 1, because I do not make crypto investment the main job. #1 Realize that you don't actually lose anything until you actually sell at a loss. So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.
#2 Come onto bitcointalk and whine and cry and find out what to do with your life. When no one gives you clarity or direction, panic sell and lose your life savings.
#3 Start hedging your bets. Put more money into similar projects or move things around to balance your portfolio out.
#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token. Thus making it easier to make back what you lost.
#5 Join a pump and dump group because those work 100% of the time with no losses whatsoever *rolls eyes*
Personally, when I first started out, I honestly did #2. After I learned my lesson I just decided to hodl. Now, I am making a more proactive stance on my investments and am doing #4 to much benefit. Nothing melts stress away quite like actual results and making smart investment moves is always better than just passively sitting back and waiting for things to change.
Offcourse it is nr 1
#1 Realize that you don't actually lose anything until you actually sell at a loss. So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.
Patience is the key and we are close on massive eruption of the market when big institutions from wall street comes in
#1 Realize that you don't actually lose anything until you actually sell at a loss. So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.
Patience is the key and we are close on massive eruption of the market when big institutions from wall street comes in
I'm going with the number 1 however it's better if you could sell them immidiately when the price was crashing aka cut loss. The reason why people do this so they won't lose too much and then find a new strategy to recover that loss. Holding your coins for a while might be a good choice but sometimes it's stressful it doesn't matter if you can handle that feeling.
Thank you so much for your suggestion brother. Cannot agree more on this and I think you have mentioned all the neccessery tips. Learned a lot. Keep it up.
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