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Author Topic: Help to rescue  (Read 351 times)
Reatim
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July 25, 2023, 01:22:48 AM
 #41

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?
Before you put your money on that coin , You should understand the risk because of all crypto currency what made  you deposit in this kind of low moving and potential coin?
and also before putting money you have asked us and now that you are in trouble then you'll come here and ask for help  lol.
sell that coin now and invest in good ranking coin or risk more time and chances for the return of that coin.









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.
"I could either watch it
happen or be a part of it"

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libert19
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July 25, 2023, 04:06:02 AM
 #42

I have a friend who is in the same situation as you, although for him, Dot did increase after his purchase but he did not sell and now he's significantly down. What he's doing now is staking, it should increase his holding to some extent, at least in terms of DOT and if DOT rises a good amount in dollars, that should be a nice profit.

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savetheFORUM
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July 26, 2023, 06:22:15 PM
 #43

this is why diversification is essential, you could anticipate and even avoid losing much more money by just diversifying.
then again it already happened, the wisest thing is to wait until next bullrun, you already lost so much, only when you dump your coin to the market you will realize the the unrealized lose that you have.
after all usually those that bag holding for long term are the ones comes out victorious therefore bag holding for long term is the only way.
even though it makes takes years. the next bullrun probably settle in the end of 2024 but then again thats just highly speculation.
Diversification is good, for sure, but diversifying your portfolio by buying different small tokens and coins is not a very wise decision, one should invest most of their capital in the most trusted cryptocurrencies and only put a small percentage into these smaller coins by dividing it in different ones, like having 10% of the total capital divided and invested among the smaller cryptocurrencies that one finds to have the potential to provide good returns in the future.

This way, even if the small tokens don't perform so well, the bigger and trusted coins will be able to recover the money lost in the smaller investments and there won't be any loss at all, otherwise, if a larger portion of the capital is invested in smaller coins, there can be losses if they don't perform.
bitterguy28
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August 02, 2023, 12:36:21 PM
 #44

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?
That's a super low folio now mate and if I where you? since you are already in a drop investment , then better to leave that coins a while and focus in other cryptocurrency.
what I mean is that your coins must be on hold , and put another amount now but with bright mind and ask the community about their looks on that target project so you will never suffer like what you experienced now.
sad to hear that mate but this is how market goes in crypto.

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