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

[depodimon]

If you decrease the number of bitcoins in your portfolio, you do not need to worry. I'm sure that someday this will all be restored, so in a few days or weeks your portfolio will again be profitable

[kingvirtus09]

If you still reading this post now is the season of selling or trading because it's bullish month.. all alts will rise from ashes hope you still holding those coins your negative 80% before comapare to the price right now.

[Quidat]

I think you need to keep them, i personally try not to sell in the negative balance sheet, wait for growth worse already probably will not

If I want to take loss, I will take loss below 5% total loss in my funds, I never want to take loss ~80% for total my capital. But it depends on your situation, I think you can still decide to take loss if you are sure you can continue to lose 20% remain and lose all money.

This would really be on case to case basis since not all people or investor/trader do have the same holdings of coins. Some might hold pump and dump type of coins, some would hold potential ones for long term but talking on -80% on all of your investment will really make you panic or doubt if you do decide to risk to hold even more further which this thing would really be entirely depending on selfs decision.

[kdn]

If you lost 80%, that means yo CHOSE to sell, you saw the price and you chose to sell. You panicked. markets go up and down just ride it out and dont freak out when you see a dip.

I bought NEO last year, for $35 a piece, a few months later, China announced its crypto ban, people freaked out and were selling off at just over $10. I held, I did not need the money and if it dropped to zero so be it, its an investment after all. Now NEO is worth $160.

if you are investing with money you can't afford to lose, you will not succeed.

[valeru.aver]

Just keep bitcoin. I believe that in the near future the price will rise. By the way, you can also buy Etherium -observed growth. It is possible to see promising ICO-then there you can lose money. While better keep.

[Lanatsa]

If you lost 80%, that means yo CHOSE to sell, you saw the price and you chose to sell. You panicked. markets go up and down just ride it out and dont freak out when you see a dip.

I bought NEO last year, for $35 a piece, a few months later, China announced its crypto ban, people freaked out and were selling off at just over $10. I held, I did not need the money and if it dropped to zero so be it, its an investment after all. Now NEO is worth $160.

if you are investing with money you can't afford to lose, you will not succeed.

If you are a risk taker then most likely you would really decide to hold even more since you don't need money after all but if that funds you had invested are those money being borrowed to other people or your last money to spend on investment then you will really think off to cutloss. Only people do have patience and control are usually being paid off by profits later on when you decide to hold up for long.

[ichsan ardi]

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!

just hold it for sure, i think it can be more better in 1 or 2 months again.

[hangar18]

I think you need to keep them, i personally try not to sell in the negative balance sheet, wait for growth worse already probably will not

If I want to take loss, I will take loss below 5% total loss in my funds, I never want to take loss ~80% for total my capital. But it depends on your situation, I think you can still decide to take loss if you are sure you can continue to lose 20% remain and lose all money.

This would really be on case to case basis since not all people or investor/trader do have the same holdings of coins. Some might hold pump and dump type of coins, some would hold potential ones for long term but talking on -80% on all of your investment will really make you panic or doubt if you do decide to risk to hold even more further which this thing would really be entirely depending on selfs decision.

According to my experience, if you have big loss like 80% of your funds, I think you should keep that amount in coins instead of sell all at loss price to FIAT. Honestly, the cryptocurrency market has a rule to correction of the price to normal price enough to help the investor can minimize their loss. Bitconnect is one of example . From few dollars to 7x dollars again.

[nox138]

Don't sell them.

[Veterock]

Dude,don't sell it now in any case. It will be the craziest action in your life)Wait a month!

[Furgon Chino]

Feels bad but do not sell at any cost, they are gonna go up again eventually

[ujinice]

I have a similar situation, but I always say while I did not sell anything, I did not lose anything. Personally, I'll just keep the tokens until I return my money.

[secondgarlic]

I always hold at least 50% of my money in bitcoin to avoid situations like this, because despite everything it is still the most reliable coin out there. I think 50% should be the baseline. If you love taking risks, you can go below that percentage; but I would advise against it.

[gracer88]

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!

Hey, the market has already grown very much. Many altcoins have reached the peaks of their prices. how is your portfolio now? Six months ago I was also in the loss, but now everything is fine.

[martin1221]

Almost of coins now have been in a dip mate, dont be worry so much. It will be back to normal soon. If you bought that coin and its a legit. The time will come it will be pump in the future, patience mate

[awazieik]

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 should have thought about your exist strategy and understood the project before you even invested but i suggest you hold as the coins will rise

[eleonor]

Im also trap with my hodling though Im not into long term hodling by short-term trading instead, It been a week I am trap in my last alts purchases due to massive dumping happening both in bitcoin and alts but my decision is to keep hodling until I recovered my losses because it would be easier to do recovery that way than cut-loss and make way. Well this is just my method when it comes to managing my portfolio not really saying it's the best thing to do.

[angohanta]

The best way to do is HODL what you have, unless you are willing to take losses. The market will eventually recover so no need to panic. Uninstall your blockfolio or whatever app your using and go out and enjoy life.

[alkiw21]

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!

HOLD. If you believe that the coin will increase in price again. Do not despair bro. It's not just you who have lost your spirit because your coins fall. I've also experienced the same thing with you.

[muzuca]

What did you do? As your post was 4 months ago. Did you sell it or hold it?

Now the market is recovering from another situation like you describe... and I've experienced the same thing... I just hold, nothing else.