xFiber
|
|
July 08, 2017, 06:42:21 PM |
|
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.
|
|
|
|
JL421
|
|
July 08, 2017, 07:58:37 PM |
|
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
|
|
|
|
pooya87
Legendary
Offline
Activity: 3626
Merit: 10994
Crypto Swap Exchange
|
|
July 09, 2017, 04:20:50 AM |
|
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.
|
|
|
|
EddyGameta
|
|
July 09, 2017, 05:27:39 AM |
|
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
|
|
|
|
PokerFace3
|
|
July 09, 2017, 08:33:29 AM |
|
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.
|
|
|
|
HeRetiK
Legendary
Offline
Activity: 3108
Merit: 2175
Playgram - The Telegram Casino
|
|
July 09, 2017, 08:43:51 AM |
|
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.
|
|
|
|
▄▄███████▄▄███████ ▄███████████████▄▄▄▄▄ ▄████████████████████▀░ ▄█████████████████████▄░ ▄█████████▀▀████████████▄ ██████████████▀▀█████████ █████████████████████████ ██████████████▄▄█████████ ▀█████████▄▄████████████▀ ▀█████████████████████▀░ ▀████████████████████▄░ ▀███████████████▀▀▀▀▀ ▀▀███████▀▀███████ | ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ Playgram.io ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | ▄▄▄░░ ▀▄ █ █ █ █ █ █ █ ▄▀ ▀▀▀░░
| │ | ▄▄▄███████▄▄▄ ▄▄███████████████▄▄ ▄███████████████████▄ ▄██████████████▀▀█████▄ ▄██████████▀▀███▄██▐████▄ ██████▀▀████▄▄▀▀█████████ ████▄▄███▄██▀█████▐██████ ██████████▀██████████████ ▀███████▌▐██▄████▐██████▀ ▀███████▄▄███▄████████▀ ▀███████████████████▀ ▀▀███████████████▀▀ ▀▀▀███████▀▀▀ | | │ | ██████▄▄███████▄▄████████ ███▄███████████████▄░░▀█▀ ███████████░█████████░░█ ░█████▀██▄▄░▄▄██▀█████░█ █████▄░▄███▄███▄░▄██████ ████████████████████████ ████████████████████████ ██░▄▄▄░██░▄▄▄░██░▄▄▄░███ ██░░░█░██░░░█░██░░░█░████ ██░░█░░██░░█░░██░░█░░████ ██▄▄▄▄▄██▄▄▄▄▄██▄▄▄▄▄████ ███████████████████████ ███████████████████████ | | │ | ► | |
[/
|
|
|
MRlong
|
|
July 09, 2017, 09:36:50 AM |
|
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
|
|
|
|
Hamphser
Sr. Member
Offline
Activity: 2604
Merit: 338
Vave.com - Crypto Casino
|
|
July 09, 2017, 10:01:29 AM |
|
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.
|
|
|
|
MFahad
|
|
July 09, 2017, 10:07:54 AM |
|
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.
|
▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | .
| | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | . ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
|
|
|
RoommateAgreement
|
|
July 09, 2017, 10:12:22 AM |
|
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.
|
Buying the dip...
|
|
|
batang_bitcoin
|
|
July 09, 2017, 11:30:05 AM |
|
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.
|
|
|
|
eaLiTy
|
|
July 09, 2017, 11:44:58 AM |
|
@ 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.
|
|
|
|
xuan87
Legendary
Offline
Activity: 1666
Merit: 1001
|
|
July 09, 2017, 11:52:16 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
|
░░░░░░░░░░░░░░░███████████████░░░░░░░░░░ ░░░░░░░░░░░░██████████████████████░░░░░░ ░░░░░░░░░░░█████████████████████████░░░░ ░░░░░░░░░█████████░░░░░░░░░░░████████░░░ ░░░░░░░░███████░░░░░░░░░░░░░░░░███████░░ ░░░░░░░███████░░░░░░░░░░░░░░░░░░░█████░░ ░░░░░░░███████░░░░░░░░░░░░░█████░██████░ ░░░░░░░██████░░░░░█░░░░░████████░██████░ ░░░░░░░███████░░░███░░░████░░███░██████░ ░░░░░░░███████░░██░██░████░░███░░█████░░ ░░░░░░░░██████░░██░░█░███░░███░░██████░░ ░░░░░░░░░███████░██░█░█░░░███░░██████░░░ ░░░░░░░░░░░██████░███░░░███░░░█████░░░░░ ░░░░░░░░░██░░████░░░░░░██░░░██████░░░░░░ ░░░░░░░░████░░░░░██████░░░█████░░░░░░░░░ ░░░░░░░░███████░░░░░░░░░███░░░░░░░░░░░░░ ░░░░░░░░░░░█████████████░░░░░░░░░░░░░░░░ ░░░░░░░░███░░░█████░░░░░░░░░░░░░░░░░░░░░ ░░░░░░░░██████░░░███░░░░░░░░░░░░░░░░░░░░ ░░░░░░░░░░░██████░░░░░░░░░░░░░░░░░░░░░░░ | ▂▂ ▃▃ ▅ ▆ ▇ █ TeraWATT █ ▇ ▆ ▅ ▃▃ ▂▂
Global LED Adoption Through Blockchain Technology ≒≒≒≒≒≒≒≒≒『ICO IS LIVE』≒≒≒≒≒≒≒≒≒ | |
|
|
|
equator
Legendary
Offline
Activity: 1190
Merit: 1002
|
|
July 09, 2017, 12:29:31 PM |
|
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.
|
|
|
|
ChrisPop
Legendary
Offline
Activity: 2310
Merit: 1035
Not your Keys, Not your Bitcoins
|
|
July 09, 2017, 12:41:20 PM |
|
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!
|
|
|
|
AiWanChu
Member
Offline
Activity: 140
Merit: 10
|
|
July 09, 2017, 12:49:23 PM |
|
bagholding, quite the waiting game.. best not to look at your holdings and forget them for a year.. you come back with profit
|
|
|
|
shamzblueworld (OP)
|
|
July 09, 2017, 02:52:09 PM |
|
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.
|
|
|
|
Finestream
|
|
July 10, 2017, 02:58:41 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.
|
|
|
|
Nahl
Legendary
Offline
Activity: 1652
Merit: 1000
|
|
July 10, 2017, 04:20:49 AM |
|
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
|
|
|
|
JimmieA
|
|
July 10, 2017, 08:14:52 AM |
|
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.
|
|
|
|
|