What would you do to recover your losses? - page 33.

smyslov

sr. member

Activity: 2030

Merit: 269

Quote from: togamamora on March 18, 2019, 07:41:27 PM

You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.

You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:

1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.

Share your thoughts.

if you are that desperate then you can trade those coins and buy the coins that you think will give you 5 times to 10 times profit, and you can also save yourself, from anxiety because of the losses your coins have incurred, but check your losses if the coin you are buying will give you enough profit from your losses from the coins you are holding

forexandcryptoauditor

copper member

Activity: 1190

Merit: 3

In current bear market situation, most of the coins or I should say almost all the coins are dropped by more than 60-70% from their original value. I believe there are two sides. Coins those are down or dropped by more than 50% but are from good and genuine projects, definitely gives us an opportunity to buy more. When such coins are down and we buy more we can average the total buying cost and and can reduce the losses to some extent. If we are Long term investors then definitely it can give good returns over the time.
But the projects which are scam or projects whose development is not complete, I feel risky to buy more.
I see this is very challenging to identify such project.

princeyeboah

member

Activity: 714

Merit: 14

Before investing in any coin, I make sure the coin is worth holding for long term with much capabilities of rising in the future. When the prices of these coins go down, losses are only incurred when the holder sells them at the bear market prices but if the holder is more patient and is able to hold, the value remains the same. The holder get more profit when sold at the bull market.
Hence, the principle to recover the losses is quite clear, thus the ability of the holder to know when to sell in order not to incur actual loss.

fuer44

sr. member

Activity: 1652

Merit: 262

SOL.BIOKRIPT.COM

I prefer to buy again when the price falls, because to recover the investment yesterday, the right way is to buy again with the falling exchange rate to get profit from two different portfolios, namely old investment and investment when the price falls.

MakeMoneyBtc

full member

Activity: 1092

Merit: 117

And why exactly would you put even more money in something that is not guaranteed to make you a profit? Especially because you have tried the same kind of investment before and you have already lost a lot of money there? I think after you lose a high amount of money you should cool off and start reviewing what you are doing wrong, not start investing even more in the same thing.

karagun125

member

Activity: 448

Merit: 10

For me, i would probably trade in a coin that has the potential of increasing even a low percentage, when it increases after a week, i would sell it and then buy for another use if investment until i could recover my losses. We should be more practical now, its better to gain profit even only few rather than having deficit income.

PuertoLibre

legendary

Activity: 1890

Merit: 1003

Quote from: togamamora on March 18, 2019, 07:41:27 PM

You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.

You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:

1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.

Share your thoughts.

Fresh money is risky to put in cryptocurrencies in bear market and there is one more probability in this case: Losing more money while thinking about recover of lost funds. Second option is better and it can give a chance for recovery.

globalpain

full member

Activity: 1260

Merit: 103

The OGz Club

the second way is good because ETH and BTC have more potential to recover to higher prices than other coins, especially for minor coins whose prices have dropped very much because usually such coins will be abandoned and will never experience price growth again even when the bullrun occurs , but even so, I can't do that because I only have a few coins and when I want to exchange them for BTC then I will only have a few satoshi and I think it will still not be profitable

Mmesooma1

copper member

Activity: 150

Merit: 0

Quote from: togamamora on March 18, 2019, 07:41:27 PM

You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.

You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:

1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.

Share your thoughts.

I have 300 usd mapped out for top exchange IEOs. With a x3 roll over. Meaning, if I invest 300 usd in kucoin IEO and I see x3, I will cash out and repeat the process in HUOBI or okex

Raizou

sr. member

Activity: 758

Merit: 250

If you have the conditions to have invested this, I will disregard that you don't need this money! If you considered any contribution before investing in this ICO when something did not go well, I don't see any problem in you putting more money into it, because I'll assume that you have the details of this team and that this project is so good and that it has not so lucky in a market absorption! Either way, take this money invest in financial education and you will hardly have these problems.

moon sorcerers

full member

Activity: 700

Merit: 100

Sovryn - 300-500% APY on USDT Deposit

Quote from: Nanagyasi on March 20, 2019, 04:17:32 PM

I have seen several projects which were hyped but ended up a failure so in the first place, I wouldn't rush into buying because a project was hyped.
If indeed, the projects looks promising, I will invest with fiat and not bother to trade my existing tokens. I would prefer to hodl my tokens and wait till I recover my losses

indeed a lot of projects were initially hyped and in the end failed, I will analyze first if there is a hyped project then if the project has good prospects then I will invest in using fiat, for now I choose to hold the altcoin that I have and have no intention exchanging these altcoin-altcoins because I'm sure when bullrun comes the altcoin price that I have will be high and give me a big profit

sngwinner

full member

Activity: 432

Merit: 100

What I will do in this situation depends n a number of factors
1. Is the clin I'm hodling capable of recovering
2. What is the potential of the new project.
In any case, I think pumping new money feom your pocket to inveat in the bew project is the best to do.

Onanana

newbie

Activity: 168

Merit: 0

I try to learn from the experience. Tightening my financial belt for a while if I must and if the loss is small enough that I can recoup it with a little discipline. Then I regain that money. Then I try again, keeping in mind the things I learned for the next time the market gets shaky. Now, I'm currently recovering from my previous loss by investing on different kind of platform and ICOs, hope i get luck.

Nanagyasi

member

Activity: 336

Merit: 10

I have seen several projects which were hyped but ended up a failure so in the first place, I wouldn't rush into buying because a project was hyped.
If indeed, the projects looks promising, I will invest with fiat and not bother to trade my existing tokens. I would prefer to hodl my tokens and wait till I recover my losses

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: aimata27 on March 19, 2019, 06:46:59 PM

Quote from: togamamora on March 18, 2019, 07:41:27 PM

You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.

You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:

1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.

Share your thoughts.

If I were you I will only hold my altcoins and wait for the price to rise up high again. And when that time comes, I'll sell it high and get all the profits from it to buy some new tokens that has the quality of giving me profit again on the near future.

I also go for this advice, if you have yet to sell your coins, better hold them, that is if your situation does not need you to sell for your financial needs. And if ever you have extra it is always a good thing to buy the one you are currently holding to at least average your loss. This kind of strategy often gives a good reward when the market recover.

mrdeposit

hero member

Activity: 1358

Merit: 509

Quote from: aemma on March 20, 2019, 02:08:35 PM

First am not selling at loss, secondly am going for potential projects which have a good use case as well as having the ability to give a good return in the near future.

You can not know that the currency you invest will definitely provide profit. It can only be a possibility. And if these money does not make a profit, do not you sell? Have you never lost money?

Leah38

full member

Activity: 1078

Merit: 102

I'll just use my remaining assets and will not use any money from my pocket. I cant gamble more. I'll just try to recover my losses even if it will be slow. And learn from the experience.

ninja811

jr. member

Activity: 266

Merit: 1

CurioInvest [IEO Live]

Losses need not only to recover but also the most important thing is to learn how to predict them.
This will help you avoid unnecessary losses.
Of course you do not need to give up after the failure and continue to get coins and invest in them.
I think for me this will be the formula for success in the cryptocurrency market.

aemma

copper member

Activity: 966

Merit: 14

First am not selling at loss, secondly am going for potential projects which have a good use case as well as having the ability to give a good return in the near future.

DiHunter

member

Activity: 154

Merit: 28

Seems, traders and miners ale loosing more and more because of the exchanges.
Cryptopia was hacked!
A scandalous Tradesatoshi started a mass blocking of accounts with KYC-check and freezing of funds. Check this and take care of your funds: https://bitcointalksearch.org/topic/tradesatoshi-beware-blocking-without-reasons-5118992

Topic: What would you do to recover your losses? - page 33. (Read 60809 times)