I lost 80% of my bitcoins in alts, What can I do now?!

[Tony116]

Hey there

In june & July I bought Digibyte & Stratis & Siacoin with all my bitcoins, till now I lost almost 80%

What can I do, HOLD or Sell or What!

My advice would be to cut your losses and move on. First of all, it was a mistake to invest in alts if you are not able to afford the probable losses. But now nothing can be done. You need to convert your wealth back to Bitcoin and move the coins to cold storage. I am saying this because after the hard fork, the altcoin prices can crash even further. So it is up to you to make the decision.

I can't agree with this. It depends on who are you, investor or trader? If you are investor just be endurant. But if you are trader this advice could be useful.

[AiloveYouks21]

If I were you I would be patient and hold at least until the middle of November. After the hardfork altcoins should be stabilized and then you will decide what to do next. Now is very unsuitable time for cutting losses.

If you sell your altcoin now that you will get only a loss, it's better to keep the coin until it matches the price when you buy it.
It takes a lot of patience.

[Danslip]

If I were you I would be patient and hold at least until the middle of November. After the hardfork altcoins should be stabilized and then you will decide what to do next. Now is very unsuitable time for cutting losses.

If you sell your altcoin now that you will get only a loss, it's better to keep the coin until it matches the price when you buy it.
It takes a lot of patience.

Patience is key.Alts are cheap now and prices are in correlated with bitcoin + ethereum price. Smart traders already bought dips and waiitng for future gains after fork. Markets dont like losers.

[axiline]

You have a difficult situation. But at the moment I would not recommend you to sell anything. Now you'd better buy these altas to average the price.

[anotherbit]

You are not loosing unless you sell it. Hold on bro I have 0 in Bitcoin.

And I doubt there will be Bitcoin Cash scenario one more time with the same profit % gain.



Some of my alts 80% down just delete your Blockfolio and not look prices daily. Deep dive in developments news on meeting news and other cryptonews. Take you away from today price.
Your coins will riseup soon.

Buy the dip if you can some promising projects.

Start to teach from market to control emotions.
Do not fall to fear,anger or smth..

[ChesterFitzgerald]

Sell you fools!

[Asimmo]

I am in the same boat as you..
really sick and tired with these "moon" and "skyrocket" fake hopes..

[bitcoinvestor]

Hey there

In june & July I bought Digibyte & Stratis & Siacoin with all my bitcoins, till now I lost almost 80%

What can I do, HOLD or Sell or What!

You actually know the answer, hold on your bitcoin. There are more tokens worth only after ICO because of pumping by traders. after a month or two months the token will be worthless. I sell all my token after ICO when the price high then I buy etherium and bitcoin. I do the trick repeatedly so My asset is growing now. recently most of my asset is in ethereum and bitcoin. Etherium price is quiet stable than the tokens. PPT price at the first week after ICO is 4 eth= 200 PPT. I sold a lot of PPT and turned into eth. Now PPT price is only 0.009-0.012 eth.

[fedor3327]

If you had invested in different ALT's you could have been 80% richer!

If Bitcoin had tumbled in price for some reason then you would be happy that you were in these ALT's.

This is the world of cryptocurrency. Its RISKY!!!!

[coingrow]

You are not the only one who has lost coins in the market. I am almost 50-60% down. Value keeps on fluctuation every day. My advice to you is not to panic sell anything this cheap. Hold onto these, it might take time but will surely do a 2x in terms of btc value that you invested.

[bhantom]

I propose you hold this all coin and wait because sell have no sense.

Next time carefully analyze coin you want buy and calculate how long you must wait to get profit

[deadmousehat]

if you sell it you are an idiot. selling cheap price means you give in up
hold until their pump again even if you have to wait for years
keep calm,mate

[kandholabhavna]

So what? Crypto is the most volatile market! You are not the only one who is in lost. My portfolio is also almost 80% down. But I am not selling a single dime at these prices.

[yusuf98]

if I positioned you. indeed to make decisions quite difficult. The risks to be borne are considerable. too long hold in my opinion is quite dangerous unless you can find the information as clear as possible the future development of your coins

[ProsperFisher]

Hodl you fools!

[hua_hui]

Hey there

In june & July I bought Digibyte & Stratis & Siacoin with all my bitcoins, till now I lost almost 80%

What can I do, HOLD or Sell or What!

I understand how you feel. I also have some amount into stratis and siacoin, and i do have other coins that have similar fate and they are safex and sys. I am not to knowledgeable about digibyte but i have to say that stratis and siacoin may be able to bound back. They are just retracting back to their original value but whether they will go back to it ath is hard to say. for sc, it can be very difficult cause there is a super strong competitor entering the market and for sc to become popular and success will be even more difficult. in fact, it may lose favour until the price will be even lower. for strait, it will be having its mainnet and maybe the price will rise because of such.

[beebee187]

I would say stay the course, be patient and continue to hold the altcoins you have until they recover a little bit. Unless you really need to, I wouldn't recommend selling at such a loss right now!! Good luck and I hope your coins recover!!

[desi92]

Hey there

In june & July I bought Digibyte & Stratis & Siacoin with all my bitcoins, till now I lost almost 80%

What can I do, HOLD or Sell or What!

Did you put all of your capital on that coin in the same time?
If yes, this will much trouble. Actually if you have still capital you can try buy now and if the price increase a little bit, so it can reduce your loss. Its called averaging strategy system.

[Calangaman]

Greed is what caused people losing money in the crypto world.

If they all stuck to BTC, they would be happy by now.

[AgatioX]

I personally wouldn't sell at such big losses.
It depends on the project of course, but I think the good alts will go up again, just a matter of time.

No use in selling already.
I would just leave depo like this and wouldn't open blockfolio for a year or two.