Although not many people suggest, I think in certain situations, cuttloss is also a strategy.
It is not easy, and we are probably guessing in the wrong direction. But if you're used to doing it, maybe intuition will tell you.
Topic: Strategies for minimizing losses - page 3. (Read 472 times)
Waiting for when our coins are corrected may not be a difficult thing, but it's also not an easy thing to do. Some people are not prepared for this kind of situation, and psychologically will be under pressure. Usually it gets worse when they tell people who do not believe in crypto. So one of the strategies that needs to be implemented is, always choose the right forum to interact with the community.
Maybe 1 and 4, generally speaking, for no particular strategy works in every situation. It all depends on the coin, the market situation, holding or buying power and personal instincts.
The best way according to me is #1 & #4 are best strategies. You must make your own strategies to minimize losses. One should not sell at low prices. We should hold for some time. Look for the good bounties, with good stakes and the coins earned from these, we should wait the prices to be hiked. Further join a pump & dump group with more knowledge about market.
The act that I did when I lost my investment, I told myself that I have not lost everything yet, I keep on encouraging myself, I make a diversion so I do not think too much about my loss, I go for fishing and sometimes I play music with my friends .
A good strategy to minimize the loss is to hold 50%, while the other part is selling in such way as 20% for analyzing trends of market and other 30% for earning. Anyway, you could control the current situation and it will be impossible to lose your incomes.
Maybe my first strategy is to differentiate first, where the coins or tokens that still have potential, and which we will forget.
I think every coin has its own potential, and must get different treatment.
I think every coin has its own potential, and must get different treatment.
I would say just be calm and wait for the right opportunity to buy and sell your coins. Whenever you see that there is down surge is coming then its time to get prepared for the mega buy but with extra care these days as dump could get followed with another dump! However in anyways we know that with some time passed you will have your investment back to normal and might get you more than enough money.
Stop whenever things are not right. In the crypto when it is downtime then reduce the activities and try not to invest off the book.
Stop whenever things are not right. In the crypto when it is downtime then reduce the activities and try not to invest off the book.
Obviously #1 and #4 are the best way for us to invest in cryptocurrency. We can't use negative sentiment to invest in cryptocurrency because this will cause you to lose the most basic judgment. We need a sober mind to invest in cryptocurrencies. And we need to have enough patience.
Perhaps on global coins, the most effective strategy is to buy in stages, when prices are in sharp correction.
But this strategy must be prepared from the beginning, because it requires a large capital strength.
But this strategy must be prepared from the beginning, because it requires a large capital strength.
Your summary is very good, and it is in line with the needs of investors in the market. Many people have no strategy to reduce losses, and ultimately lead to investment failure. Thank you for sharing!
I prefer strategy:
#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.
#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.
because this is one of my experiences in investing.
#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.
#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.
because this is one of my experiences in investing.
Strategies for minimizing losses holding coins when the prices are low and increasing stock when prices are low.
The fourth point is somewhat controversial. If it's a fraudulent coin (like B2X), it's better to get rid of it as quickly as possible. If we are talking about different cryptocurrencies (for example, Ethereum), then I agree with this point.
I think I like strategy 4 most, I have used this several times, when I believe in a project and the price keep dropping , I usually buy the dip and wait for the rebound, the only issue now is when is the market going to turn to bull trend, because it is not easy buying the dip by locking up your money base on uncertainty in the space
There are two ways imo. First, buy coins that go up more often than ones that go down. Second, play market cycles, diversify your portfolio in a right way (usd/crypto wise)
After losing substantial value, it is necessary for some moments to have fresh air and do some other jobs to clear your thought. Then, when you are free again, you can buy more coin as they are cheaper now and hodl for future. You can also go with option no.5 .
I think diversifying and holding are very important tactics.
A lot of people panic sell often but if you just hold, you'll probably avoid most short dips.
A lot of people panic sell often but if you just hold, you'll probably avoid most short dips.
The best option is to invest in a safe coin like bitcoin. In bitcoin investors has the most probability to earn money with a less risk. Moreover you can divide your investment in two or three good coins. Another important thing is the patience. You should have patience to avoid the loss.
My strategy is to invest at those reliable and dependable altcoins especially when they are at a low price at the market. I really believe that ethereum, neo, dash and iota are the best altcoins now that's why i invest those altcoins and i will hold it longer because i believe they will rise high in the future. Patience at cryptocurrency really matters.
Jump to: