Idrisu
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July 10, 2017, 12:54:34 PM |
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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.
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gabmen
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July 16, 2017, 10:12:09 AM |
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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?
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
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iram1011
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July 16, 2017, 01:07:45 PM |
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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?
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.
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ss890
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July 16, 2017, 01:40:25 PM |
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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?
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.
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Hui8
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July 17, 2017, 01:51:00 PM |
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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. :-)
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Rahar02
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July 17, 2017, 02:20:11 PM |
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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?
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.
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Potato Chips
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July 17, 2017, 04:55:45 PM |
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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?
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.
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kheysha
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August 02, 2017, 05:55:00 AM |
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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?
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.
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metenjean
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August 02, 2017, 06:10:33 AM |
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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](https://bitcointalk.org/Smileys/default/grin.gif)
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AjithBtc
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August 02, 2017, 08:08:14 AM |
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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.
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Japinat
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August 02, 2017, 08:31:41 AM |
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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.
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.
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matchi2011
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August 03, 2017, 02:54:06 AM |
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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.
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.
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TitanGEL
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August 03, 2017, 03:29:59 AM |
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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?
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.
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tittensor
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August 03, 2017, 03:53:19 AM |
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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?
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.
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bucker steemit
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August 03, 2017, 05:11:25 AM |
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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.
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nasibakar
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August 03, 2017, 08:56:15 AM |
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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
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Zadicar
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August 03, 2017, 12:30:00 PM |
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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?
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.
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omonuyak
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August 03, 2017, 01:00:09 PM |
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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?
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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sandrun
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August 03, 2017, 10:25:51 PM |
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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
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john2231
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August 03, 2017, 11:14:05 PM |
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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?
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..
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