When investment goes -100% - page 3.

EddyGameta

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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

pooya87

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I would hold 50 / 50 sell some and then set the remaining 50% up way high! Gotta have faith it'll hit one day tho is the Dev team still going? Goood place to start is IRC

faith is a silly word when it comes to trading. and when we are talking about altcoin trading faith is a stupid thing to have. all you need to have is knowledge of the market, no emotions and fast fingers (or automation) to execute orders as fast possible when the price is starting to fall in order to prevent big losses.

faith in case of altcoins belongs to people who we call bag holders. these people buy on top, the price falls hard, and they have dumb faith in something that is dead and keep holding their bags.
in altcoins the next pump may never come or even if it comes it can easily take a year. and that means your money was idle without any work or profit for a very long time and all this time you could have had that money elsewhere like in another altcoin and make a lot of profit.

JL421

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This is not possible in any situation as you going -100% means the coin you trade with became 0 satoshi which isn't possible at all. Another scenario can be you were a part of some pump dump group and you couldn't sell at the right time or bought at the wrong time. In trading maximum what can happen is -99% and -100% means you have either got hacked or something else happened

xFiber

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Well first of all you should ask yourself the following questions:'Why did I invest this high up?, 'Did I get carried away by hype?'. You should always try to rationalize your decisions before jumping on the boat. Trust me I sometimes have the same issue. Now if you're 100% there is little you have to lose so the best thing you can do is wait it out. If you didn't invest in a terrible pump and dump there is a big chance your coins will go up in value.

bouren

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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?

Welcome to the world of trading Grin

Yep, it is pretty obvious to see downfalls in altcoin trading world but give me a break what you meant by "more than 100% downfall".
Never despair into trading. Make rule one, not to sell on loss. Cryptocurrencies are facing too much corrections these days, almost once every two/three days. This is because of the increasing manipulating of prices by pump/dump groups. Be calm and keep hodling Grin

Kemarit

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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 haven't experienced or seeing a 100% down on my investments so far. And yes, I think you have no other choice really but to hold so at least minimize your losses. Or what you can do is accepts those losses and go to bitcoin. I think the bubble has been burst on some of the most "promising" alt coins and even ETH is down after reaching $400. Just to sad that you haven't got out early and now you are being trap. I remember I have a coin that I have invested in April but I got lucky to exit early and now its down to more than 80%. Maybe if I didn't get out, I will be trap as well.

olushakes

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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?

This is something I have equally face at some point that I had to even stay away from crypto trading for a while because it was obvious I bough wrong and there is nothing I could do about it. After a lot of wait, I had to just sell eventually count my losses and move on but the issue here is that in as much as you have resolved to wait till the price picks up then you equally need to be watchful and set an upper limit to cut your losses and know the right time to exit is of utmost importance.

audaciousbeing

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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?

Unfortunately, you are not the only one in this shoe but going down 100% would mean down to zero which I find that hard to believe but either way since you have resolved to wait which is the only option I see now, then there is no two ways about it. Aside that for buying 3 coins and everything going down signal to me that you are probably not buying more intelligently which is something that is common around now considering the pumps group manipulating the price to their advantages.

~Bitcoin~

legendary

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It looks like you have purchased some of the shit coins when they were pumping hard at peak price. 100% dump in price suggest that you have bought shitcoins which might not have similar pump in future so best option for you could be sell those shits and invest in another coin with top trading volume and currently in correction phase like ETH and ETC. Wink

CraigWrightBTC

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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 experience like you, what's purpose investing in altcoins long term investment or short term investment?
If you make investment for short, should you have did cut lost when the trend of price started down
but if you made investment for long time, the best way of course hold the altcoins until the price is back.

The Sceptical Chymist

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Top Crypto Casino

Lots of investors--not just in crypto--have lost everything--so you're not alone. My suggestion would be to invest in better coins for one thing, and also use a stop-loss order if you can, which has already been suggested. That way you can set your 'comfort' price, below whoch you're not comfortable owning the coin. You obviously investing in some shitty ass coins, so think twice before you do that again, that's the main thing.

dothebeats

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Cashback 15%

Luckily I have never experienced such situation yet, and if I were in that situation I would probably be cooling off and just forget trading for a while, try to recollect my self before initiating trades once more. That must have been so depressing to begin with, and I hope you can recover from it.

CasinoKiller

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No, I haven't. And hope, nothing like that happens to me Sad

But good luck to you, brothy!

pedrog

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In crypto you earn or you learn, either way you win. Cheesy

I'de say don't realize your losses.

BrewMaster

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There is trouble abrewing

you need to learn how to manage your investments well. that is why i always say don't go overboard with your diversifying. when you invest in a handful and manageable number of investments then you can manage them easier too.

drops rarely happen fast, and even if they do, it will still be step by step drop. for example if it is a 30% drop in an altcoin price then it will happen over a whole day. and when you are watching the price you can catch these drops as alerts or whatever other method you use and act on it fast by selling at a small loss (like -10%) and save up on further bigger losses (preventing 20% loss).

clickerz

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Its not only you mate suffering from those red investments lol. In my blockfolio apps, all is down and losing already on virtual values of this coins. At first its painful to see Cheesy

but I am used to it now. Leave it, it will recover sooner or later. I only invest on top 20's in coinmarketcap coins list.

iram3130

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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 have invested in more coins and I have seen bigger loss sometimes. Holding them would be the best choice right now and be positive. Don't be too attentive to the price value, it'll just demotivate you. Keep yourself busy in other things. All the altcoins are on the downward side right now so it's same for most of us.

mindrust

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That's the main problem with altcoin investments. They are risky.

If the amount you have invested in those coins wasn't something big, leave them be. You'll never know what will happen in the future. You may have x10 to x100 profits in the future.

If you can't afford to wait 1-5 years, then just cut your arm off and get out and never do such silly things again.

mk4

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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?

hah. I've seen bigger percentages of losses on my crypto portfolio.

Since you're complaining about price crashes of more than 100%, it looks like you've just bought those crypto coins recently. If that's the case, what the heck were you expecting? Double profits in 4 weeks? You need to think clearly. If profit was that easy to be made then we should be all millionaires now. Always remember the number 1 rule on investing on cryptocurrencies.

HODL

Kevin77

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Quote from: shamzblueworld on July 07, 2017, 10:30:32 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?

Book loss (it will prevent further losses) and move to bitcoins (it will bring chances to recover your losses).

Remember a thumb rule : altcoins are ONLY good for short term trading and bitcoins and very few altcoins are recommended to go for investments. (hope you are aware of differences between investments and trading).

If you choose bitcoins for your investments, you will never face disappointments. But there also you must follow few strategies to buy. Buying at peak prices may make you wait for more times. Look for relatively lower prices to enter and you can see your money grow over time.

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