When investment goes -100% - page 2.

ss890

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Quote from: shamzblueworld on July 07, 2017, 11:30:32 PM

So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?

Yes I have been in situation like this before when the price of altcoins AL and TRICK were 4-5 cents each on yobit exchanger platform. I bought them with the hope that they will be a dollar or so. Now they are below -50 percent and I'm waiting for them to rise since three months now. With the current situation of market I believe they will fall way below than that and there is no hope for me to get my btc back. I can just check two three times in a day that's all.

iram1011

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Quote from: shamzblueworld on July 07, 2017, 11:30:32 PM

So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?

So you are at more than 100% loss. What are you trying to say? 100% loss means all your three coins have gone to 0 value and if loss is more than 100% that means you are paying back to company, LOL. I think you made a big mistake in calculating the loss.

Anyways if the loss is big keep on holding till the coin recover. That would be best strategy and there is huge dip going in cryptocurrency market because of all the speculations in Bitcoin community. Everything will recover soon with unfolding of events (UASF and Segwit2x). Have patience.

gabmen

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Quote from: shamzblueworld on July 07, 2017, 11:30:32 PM

So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?

Dude currently you and i are at the same dilemma. I also invested in three coins probably last month or may, one of those coins i've invested on already went up where i got 20% earnings but i chose to hold. Then the decline happened and the prices now are way lower than when i purchased those coins. Though i'm not giving up on them yet and i'm alright with holding for months instead of selling below my purchase price

Idrisu

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Trading is a very risky venture and you should not invest really money until you have adequate knowledge on how it works. Most time we do purchase coins at higher prices because of the whole publicity about it online but I tell you most professional trader do not do that. If your investment is down by almost 100% it mean you make a wrong choice from beginning in purchasing those coin at a wrong price and time! I will advise you to still hold until you can cut a little loses and learned from this experience in buying at the accumulation cycle of the trading angle next time. Best of luck.

JimmieA

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It is important that you invested in what currency and whether it is used in investment projects on a regular basis. If it's been noticed and used regularly, then rest assured that it will continue to increase again, but if you do not accept the money you invested in it. But know you are lucky, so just wait.

Nahl

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if you want to avoid huge loss waiting until the price recover back might be your last options but i think there is no guarantee the price will rise up again and as far as i know that very difficult to altcoins price recover after huge dumped and indeed still possible to rise up but i don't think it will reach again on the previous price but if i facing these situations i usually realize that i have wrong step by buying the wrong altcoin but to avoid lossing all of my money i would cut my losses

Finestream

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Quote from: shamzblueworld on July 09, 2017, 10:52:09 AM

Quote from: AiWanChu on July 09, 2017, 08:49:23 AM

bagholding, quite the waiting game.. best not to look at your holdings and forget them for a year.. you come back with profit

I'm also thinking about the same, especially with a couple of my other investments(which are also way down) but they have potential.
To name, Ripple and Nem, I bought both in the ranges of 13-14K, but now Nem is at 6K and Ripple under 9K.
But I think they're gonna rise up eventually, so maybe it won't be much of a loss after all.

You still don't lose, price will be back again higher that what you bought them, this is crypto and games are played based on the price fluctuation but what is very important is to instill that discipline inside of you and never sell when losing. I have also have NEM because I believe it's a great project and I see the present price as a very cheap one that is worth buying.

shamzblueworld

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Quote from: AiWanChu on July 09, 2017, 08:49:23 AM

bagholding, quite the waiting game.. best not to look at your holdings and forget them for a year.. you come back with profit

I'm also thinking about the same, especially with a couple of my other investments(which are also way down) but they have potential.
To name, Ripple and Nem, I bought both in the ranges of 13-14K, but now Nem is at 6K and Ripple under 9K.
But I think they're gonna rise up eventually, so maybe it won't be much of a loss after all.

AiWanChu

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bagholding, quite the waiting game.. best not to look at your holdings and forget them for a year.. you come back with profit

ChrisPop

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From my own and other experts' experiences DO NOT SELL at a loss. Be faithful and confident that after the Segwit passes the crypto-market will have a pretty big pump.. Scared people sold these days due to the uncertainity of the bitcoin fork on 1st August,but strong hands and real believers didn't even touch their bags. They are just collecting more coins at these cheap prices.. Just hodl my friend and reap the great rewards later! Cool

equator

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Quote from: xuan87 on July 09, 2017, 07:52:16 AM

Just keep it and see the progress for a few weeks, if still no improvement you can sell with low price or just forget you got the coin, it is a usual thing when you invest in some alt coins, I ever experienced it and until now that coin still in my exchanger wallet, the price is very low and I prefer to keep it
That is a usual mistake just learn from.your mistake and continue to learn trading

What you told is correct but keeping coin in exchange wallet is not recommended, you should always hold your coins in respective wallet.

xuan87

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Just keep it and see the progress for a few weeks, if still no improvement you can sell with low price or just forget you got the coin, it is a usual thing when you invest in some alt coins, I ever experienced it and until now that coin still in my exchanger wallet, the price is very low and I prefer to keep it
That is a usual mistake just learn from.your mistake and continue to learn trading

eaLiTy

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@ shamzblueworld since you have not mentioned which coins you have invested in it,it is impossible to give a proper advice ,either way i will give my solution for this problem,since we all know that the alt coin market is having a bad time right now,if you invested in top solid coins what i will do is to buy more coins when it reaches the bottom so that i could average my entry point and thereby get a huge profit,you have to wait till the market settles down and i would consider it as a long term investment if i am in this situation.

batang_bitcoin

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I havent experience this such situations. But if I will be in your situation I have no choice but to wait it up too. Whats the purpose of trading if you bought it higher and then sell it at lower, you want to make money and you dont want to donate.

RoommateAgreement

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Quote from: shamzblueworld on July 07, 2017, 11:30:32 PM

So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?

you should remember that loss is a common thing in trading.
and when we are talking about altcoins on poloniex then because they are pump and dumps it means big losses are very common and everyone experiences them at some point in their trading and there is no exceptions.

the difference however is in what different people do in face of a loss. some of them like you keep holding and risking their investment for bigger loss.
some start panicking and dump everything they have.
and some will use a more logical approach of selling in the early stages of the dump and avoid further losses.

which one of these 3 you choose will determine the amount of success (or profit) you can gain in the long term.

MFahad

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If your coins give you profit 100% then it mean you have got it what you want.
Now should sell them and don't wait and also don't hold them again, because now it is your greedy.
Only get profit and let start new trade with a new coin.
I can guess you are good trade as the result showing it.

Hamphser

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Quote from: shamzblueworld on July 07, 2017, 11:30:32 PM

So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?

Sad to hear dude about your situation but theres no need to worry you are not the only who experience this thing and having losing trades is normal and on this situation better to hold of than on selling on losing state but it would really depend on our decisions because there are times that panic selling do helps us to minimize because some coins tend to dump without anymore pumping later on.

MRlong

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Quote from: shamzblueworld on July 07, 2017, 11:30:32 PM

So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?

Good job, you have made a right decision, if you not margin trading you not have reason to scared that, because -100% the value still better than me with -400% the value when invest to STR on Poloniex but I still hold this coin.

Sometime, if I know my coin I invested can continue drop down, I will cutloss and waiting the price falldown to lowest price and buying again, but you need have technical analysic to do that

HeRetiK

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Sometimes it's best to cut your losses. If it's too late to cut your losses, you may as well wait for a slightly better price. Just don't expect to get back in the green.

PokerFace3

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Quote from: EddyGameta on July 09, 2017, 01:27:39 AM

Quote from: shamzblueworld on July 07, 2017, 11:30:32 PM

So I'm actually facing this dilemma at the moment. I made three investments in three coins at poloniex.
Now all three of those are down more than 100% of the value that I bought them for, so I guess I got no options but to wait it out. It may take long time to get back to the value where I don't lose too much, but that is the only option I have.
Have you experienced anything similar in your tradings? How do you deal with such situations?

I also have same problem with you but in bittrex, i bought some coin in bittrex but when price is pumping i'm not sell them and now price go back to their lower price. Maybe it took few month to get good price again, just keep hold and dont dump price

Few months ? Have you ever heard of de-listing trading pairs from exchanges ? I mean to say anything may happen in between time. I also like to get out of those trading which are currently in losses which will give peace of mind to focus on next trading rather than daily watching those existing trades.

For this reason we must have proper stop-loss before entering into trading. We must book losses at stop loss levels so that we will free ourselves to focus on next day trading.

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