When investment goes -100% | Bitcointalksearch.org

zidanw

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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've experienced the same thing in which the coin I hold down -100% is indeed a better way of waiting until the price rises again, the coin in the poloniex has an average large volume.

RedX

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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?

My other coins were down only -20% and I'm always careful when making trades. This should be a lesson learned for you to be more wiser and never ride to a hype coin. Try to divide your investment with different coins so there will be a balance but only choose the promising ones.

Shady

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Life is a game, you either play it or get played.

I typically don't sell, but if this came across me it likely has to be sold off and put into something better.

Trades can go bad because of analytical error, the truth with some investments is that losses should be taken with regret unless learned off.

bamboylee

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Quote from: omonuyak on August 03, 2017, 08:00:09 AM

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 don't think that is the only option you have! You should hold a bit as that same coins may be in profit . An altcoins expert article I read Online said "no coin is dead" and that one day those coins will return To the distribution angle of the trading circle and you can sell at that point with joy. You are not the only one on this many professional traders do has such investment time to time.

It could be that he is a victim of pumped and dumped coins cause it is almost impossible to lose all its value that fast unless it is shit coin. He can scratch it as a loss or he could try to hype and pump the coins he is holding so he can pass it to another bag holder.

john2231

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Quote from: omonuyak on August 03, 2017, 08:00:09 AM

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 don't think that is the only option you have! You should hold a bit as that same coins may be in profit . An altcoins expert article I read Online said "no coin is dead" and that one day those coins will return To the distribution angle of the trading circle and you can sell at that point with joy. You are not the only one on this many professional traders do has such investment time to time.

Its impossible that there is no dead coin.. i am still holding altcoin which is no value in some exchange site for a long time but there are still no changes the value still the same and i think there's no chance that the price of altcoin can be increase back again.. so for me i just keep them and hoping that someday the price can be increase i am not expecting but its considering as dead coin..
If you really want to make a profit better to choose a coin which is in the rankings in coinmarketcap..

sandrun

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I've done as you do. Crytocoin trade is very difficult to predict. Sometimes we predict up. But the reality of the coin is down. I am confused .. when i predicted i was wrong. And regret. Maybe amda true wait is the best way to return the coin. But it does not instantly .. takes time to get back up. Or the coin goes down the price. It is a risk of trading. We should not regret it. Maybe you can do another coin gap for trading .. not focused on one coin

omonuyak

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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 don't think that is the only option you have! You should hold a bit as that same coins may be in profit . An altcoins expert article I read Online said "no coin is dead" and that one day those coins will return To the distribution angle of the trading circle and you can sell at that point with joy. You are not the only one on this many professional traders do has such investment time to time.

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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 thing is really just a normal thing on trading world on which traders or investors do really see negative on their portfolio and really cant be avoided on which it would really be the reason for us to panic and would think up to sell on loses to prevent much more loss of money and you are right it would really takes time for the coins to rise up again its price if you can able to handle the risk or lose of money then its your choice but if you are not on a hurry then better to hold it of.

nasibakar

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It is a weird pump and somehow it seems still lower than previous buying price,
It is not a best time to sell as the condition a bit too uncertain whether this price would jump or not,.... segwit looks promising but next price movement still uncertain

bucker steemit

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There is a saying do not put eggs in one basket. I was once in your position. At that time I was really confused and finally I decided not to trading. And wait back to normal.

tittensor

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Quote from: TitanGEL on August 02, 2017, 10:29:59 PM

Quote from: iram3130 on July 08, 2017, 09:55:16 AM

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.

Yeah I agree to you. Patience is important in the trading world. Holding our coins is really effective way to earn our money. We just need to wait many months or even years before we sell our coins. Let's wait the right time that the coins that we hold will rise up.

LOL if you have this opinion I sure 100% you will waste your time in future very more. Why not cut loss if you know in near future it can't increasing or falldown? Then use this money for find other type or altcoin can helps you earning profit, this is factors need have if you want become professional trader.

TitanGEL

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Quote from: iram3130 on July 08, 2017, 09:55:16 AM

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.

Yeah I agree to you. Patience is important in the trading world. Holding our coins is really effective way to earn our money. We just need to wait many months or even years before we sell our coins. Let's wait the right time that the coins that we hold will rise up.

matchi2011

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Quote from: Japinat on August 02, 2017, 03:31:41 AM

Quote from: AjithBtc on August 02, 2017, 03:08:14 AM

100% growth happens very rarely. For such a profiting one needs to have patience to hold for a long time period. Else the user needs to be lucky enough to experience a price pumping in a short time after the investment into the respective coin.

Very rare but it is possible 100% I guess is easy to get here in cypto as there are even investment who grows like 10 times from its original price.
Nothing is impossible because everything you do rely on your capability and and skills in investing and since information can be fully access there is a great chance you can make it right and will invest on assets that has a great potential to pump.

It doesn't happen that a cpin would go up 100% so i agree that it's a rare occurrence right now. You should place a target exit that would be a bit easier to hit. If you're in that mind of situation wherein all your investments are down, the last thing you want to do is to sell at a lower price. Always think about profit even if you have to wait because if you've invested in a trusted coin, it will eventually bounce back.

Japinat

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Quote from: AjithBtc on August 02, 2017, 03:08:14 AM

100% growth happens very rarely. For such a profiting one needs to have patience to hold for a long time period. Else the user needs to be lucky enough to experience a price pumping in a short time after the investment into the respective coin.

Very rare but it is possible 100% I guess is easy to get here in cypto as there are even investment who grows like 10 times from its original price.
Nothing is impossible because everything you do rely on your capability and and skills in investing and since information can be fully access there is a great chance you can make it right and will invest on assets that has a great potential to pump.

AjithBtc

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100% growth happens very rarely. For such a profiting one needs to have patience to hold for a long time period. Else the user needs to be lucky enough to experience a price pumping in a short time after the investment into the respective coin.

metenjean

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Lots of investment can turn 180 degree or worse, you can lose all of your capital and even gain triple your capital.
What you must know is that nothing last forever, you maybe right if you're talking about the prospects of some coins that may go back to your open trade level, but the questions is how long??
While the prospect of btc is increasing each year, you should consider some levels of overbought, IMO you do have choices... Example; buy on dip, cut your losses, investing in other coins, etc
And its better than waiting something that is uncertain Grin

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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've experienced the same thing.
But at that time I have some BTC to back up my losses.
My choice then is hold forever.

Potato Chips

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Quote from: Rahar02 on July 17, 2017, 09:20:11 AM

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've never been through the same situation, because it is so risky and your decision to bought altcoins proven, were wrong. If bitcoin price goes down, altcoins likely to decline as well such as what happened this week because bitcoin is the standard of all cryptocurrencies. And look at coinmarketcap.com when bitcoin seems on green side, then most coins follow it.

There's nothing to do but wait for altcoins price recover obviously as you just can make break even point, if those coins get back to what it has reached before. You may have to wait for months until it recover due to bitcoin is facing the same situation right now.

Yes most of the time altcoins follows bitcoins but not all the time i've seen it a few times where bitcoin is negative and the altcoins are postive or vice versa. at the time people

are saying that bitcoin has its price falling now so people are taking advantage of the alts, i dunno actually. but yeah for OP he has to wait until the coins met its uptrend. imo if

the split happens and bitcoins price falls drastically, it is also possible that people might go to altcoins causing its price to rise, well people are so much in panic right now and its

not even happening.

Rahar02

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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've never been through the same situation, because it is so risky and your decision to bought altcoins proven, were wrong. If bitcoin price goes down, altcoins likely to decline as well such as what happened this week because bitcoin is the standard of all cryptocurrencies. And look at coinmarketcap.com when bitcoin seems on green side, then most coins follow it.

There's nothing to do but wait for altcoins price recover obviously as you just can make break even point, if those coins get back to what it has reached before. You may have to wait for months until it recover due to bitcoin is facing the same situation right now.

Hui8

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When investment goes down to that much rate then it probably time to stop trading and start investing money into something far safer and fruitful to you. To be honest we must know the exit point in the trading world, an exit point would be the selling price where you have already incurred loss of 15-20% which is not good at all. You must make some boundaries for yourself while trading and it is important to stop loss. I know you must be panicked with current situation but you could just wait and do nothing for this trade to go in safe sides. :-)

ss890

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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 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, 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?

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, 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?

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, 09:52:09 AM

Quote from: AiWanChu on July 09, 2017, 07:49:23 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, 07:49:23 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, 06:52:16 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, 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?

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, 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?

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, 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?

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.

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Quote from: EddyGameta on July 09, 2017, 12:27:39 AM

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

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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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~

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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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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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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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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.

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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.

EXtremeAEX

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I have experienced this many times already, in fact almost all coins which I invested dropped when i started out. What coins are you buying? It would be helpful to know what coins you have to see their volume and potential. If the coins have low in price and volume, then the price may not rise up again, ever. Sad

Just wait. If you have extra coins and the altcoin you are buying is relatively popular, you can even buy more to minimize your losses when the price rises back. Use the STOP LIMIT feature if there is one on your trading site, to sell a portion of your coins once it reaches a threshold so you may recover some of your losses, especially if you are not online and the prices increase.

Stick to only one or two altcoins first, then when you are doing well, expand your portfolio on other coins and keep track of their development and news of that coin.

Wish you luck, and I hope that the price will recover soon.

pooya87

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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?

it is impossible for an investment to go lower than 100% of what you have lost. that means you have to pay more Cheesy

(eg buy 1BTC worth of an altcoin, then price falls to 0 and they ask you for more money).
it is possible but very small chance to lose 100% because it means the price should go to 0.
the loss is always somewhere between 0 and 100%. [(x2-x1)/x1]*100 and since x2 can never be negative, your loss will be as i said.

and it is a common thing for altcoins that are in a bubble. you have chosen a bad time to invest in them. you should have invested earlier and stayed away after.
also whenever you start losing money, it is never wise to "wait it out" because most of these altcoins will never come back up and a couple of them that do come back up will take a very long time, it can be 6 months to a year to come back up.

learn what stop loss is and prevent bigger losses in future.

Ayiranorea

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I have never felt such situation, but as you itself have said waiting for the concern coin to experience a price increase is the right thing. Else if you've a good amount for investment then invest into some coins that gives short term Profiting. This will help you compensate the loss.

shamzblueworld

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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?

Topic: When investment goes -100% (Read 2472 times)