Topic: Strategies for minimizing losses - page 4. (Read 472 times)
#4
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.
#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.
While #2 is so funny an true at the same time, I seriously frown at #5 because the innocent get caught n and buy at ATH and they get dumped on, forcing them to hodl for a longer time so as to atleast breakeven. #4 is a great strategy and it's called averaging.
I am against the point number #5 and #4.
However, I liked your first point and it felt good while reading it too. Well, you should always overcome the fear of loosing your money within crypto sphere otherwise there will be never a time when we will not hit the profit zone. Many times people start with some sort of investment, they make good plans of long term holding but suck the investment at the very last movement and thus loose everything. To overcome this impatient challenge one must go and enjoy the life while our investment grows in the background.
However, I liked your first point and it felt good while reading it too. Well, you should always overcome the fear of loosing your money within crypto sphere otherwise there will be never a time when we will not hit the profit zone. Many times people start with some sort of investment, they make good plans of long term holding but suck the investment at the very last movement and thus loose everything. To overcome this impatient challenge one must go and enjoy the life while our investment grows in the background.
Some of your strategies are nice but it needs revision. Refer to my comments below for my recommendations about it.
#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.
Holding is good and going outside to relieve yourself from stress is better but try not to resist the urge to check coinmarketcap. Even if you are frustrated always remember to check the news and the current price as well to make a wiser decision to hold or sell.#3 Start hedging your bets. Put more money into similar projects or move things around to balance your portfolio out.
Do not just put it into similar projects. Always try to diversify it into many types of altcoin with potential for growth(similar project or not).#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token.
This would only work if the altcoin you are holding got the real potential for growth and is not a scam one. To decide if you will buy more of a coin or not, redo your research and look for news concerning it. Only by then(when you finished gathering data) you can decide to buy more or not.
IMO, #1, #3 and #4 are good strategies in minimising altcoin investment losses.
#2 and #5 are the worst strategy and not advisable to follow. #2 Selling at losses is against the basic trading strategy “buy low and sell high”, it is important to control emotion. #5 Joining a pump group will end up being a bag holders when the coin start dumping.
#2 and #5 are the worst strategy and not advisable to follow. #2 Selling at losses is against the basic trading strategy “buy low and sell high”, it is important to control emotion. #5 Joining a pump group will end up being a bag holders when the coin start dumping.
The best way to minimize losses - develop your strategy, have take profits and stop losses points, use diversification and improve your knowledge about the market.
I accept 4th point most of the time use that strategy but recently these strategy gone horribel some coins became scam i bought from dip without doing much research immidiately that turn out to be scam then coin were delisted . I am planning to join good pump and dump group may it change my life.
My strategy in crypto investing is #1 and #4. In bear market, it is better to hold the coins than selling in lost. I choose to hold my coins.
If I have spare money, I will take the opportunity to buy more coins at low price and wait for the market to recover.
If I have spare money, I will take the opportunity to buy more coins at low price and wait for the market to recover.
I dont agree with your #5 point most of the bots are fake trying to promote some scam coins . May be i dint find the best trading bot till now . #4 strategy looks good if you really find potential in project still its value reducing then go and invest ont at so that you can monimize the investment amount.
My strategy change for every different project and this is very good topic. Usually i did #4. I did not join dump and pump but i want.
This is an good question based on this if we wants to minimize our loss then we have to investigate about coins which are good then we should use technique like buy hold and sell we should buy at proper time and sell this coin also proper time based on this we can minimize the losses.
Sometimes you sell to minimize your loss, not selling might be good option if it is bitcoin but if it is an altcoin you should sell at some point, also diversification is important.
I guess #1 and #5
#1: If you have other work do and just take a little bit of your money into investment and look at long term.
#5: If you don't have any work to do. Just have money why don't try daily trading to get profit short term.
#1: If you have other work do and just take a little bit of your money into investment and look at long term.
#5: If you don't have any work to do. Just have money why don't try daily trading to get profit short term.
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.
#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.
Jump to: