Strategies for minimizing losses

[chocopapaya]

Please choose one that you feel is the best solution when you have lost substantial value on your investments (or add another strategy to help out the community):

#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.

#2 Come onto bitcointalk and whine and cry and find out what to do with your life.  When no one gives you clarity or direction, panic sell and lose your life savings.

#3 Start hedging your bets.  Put more money into similar projects or move things around to balance your portfolio out.

#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token.  Thus making it easier to make back what you lost.

#5 Join a pump and dump group because those work 100% of the time with no losses whatsoever *rolls eyes*

Personally, when I first started out, I honestly did #2.  After I learned my lesson I just decided to hodl.  Now, I am making a more proactive stance on my investments and am doing #4 to much benefit.  Nothing melts stress away quite like actual results and making smart investment moves is always better than just passively sitting back and waiting for things to change.

[roshanfious]

I guess #1 and #5
#1: If you have other work do and just take a little bit of your money into investment and look at long term.
#5: If you don't have any work to do. Just have money why don't try daily trading to get profit short term.

[rayk]

Sometimes you sell to minimize your loss, not selling might be good option if it is bitcoin but if it is an altcoin you should sell at some point, also diversification is important.

[sufiasyl]

This is an good question based on this if we wants to minimize our loss then we have to investigate about coins which are good then we should use technique like buy hold and sell we should buy at proper time and sell this coin also proper time based on this we can minimize the losses.

[ozgurk]

My strategy change for every different project and this is very good topic. Usually i did #4. I did not join dump and pump but i want.

[Prodigan786]

I dont agree with your #5 point most of the bots are fake trying to promote some scam coins . May be i dint find the best trading bot till now . #4 strategy looks good if you really find potential in project still its value reducing then go and invest ont at so that you can monimize the investment amount.

[tyuner4]

My strategy in crypto investing is #1 and #4. In bear market, it is better to hold the coins than selling in lost. I choose to hold my coins.

If I have spare money, I will take the opportunity to buy more coins at low price and wait for the market to recover.

[niisarearning]

I accept 4th point most of the time use that strategy but recently these strategy gone horribel some coins became scam i bought from dip without doing much research immidiately that turn out to be scam then coin were delisted . I am planning to join good pump and dump group may it change my life.

[CrimsonGT]

The best way to minimize losses - develop your strategy, have take profits and stop losses points, use diversification and improve your knowledge about the market.

[bit-freedom]

IMO, #1, #3 and #4 are good strategies in minimising altcoin investment losses.

#2 and #5 are the worst strategy and not advisable to follow. #2 Selling at losses is against the basic trading strategy “buy low and sell high”, it is important to control emotion. #5 Joining a pump group will end up being a bag holders when the coin start dumping.

[Tankdestroyer]

Some of your strategies are nice but it needs revision. Refer to my comments below for my recommendations about it.

#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.

Holding is good and going outside to relieve yourself from stress is better but try not to resist the urge to check coinmarketcap. Even if you are frustrated always remember to check the news and the current price as well to make a wiser decision to hold or sell.

#3 Start hedging your bets.  Put more money into similar projects or move things around to balance your portfolio out.

Do not just put it into similar projects. Always try to diversify it into many types of altcoin with potential for growth(similar project or not).

#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token.

This would only work if the altcoin you are holding got the real potential for growth and is not a scam one. To decide if you will buy more of a coin or not, redo your research and look for news concerning it. Only by then(when you finished gathering data) you can decide to buy more or not.

[wantjokull]

I am against the point number #5 and #4.

However, I liked your first point and it felt good while reading it too. Well, you should always overcome the fear of loosing your money within crypto sphere otherwise there will be never a time when we will not hit the profit zone. Many times people start with some sort of investment, they make good plans of long term holding but suck the investment at the very last movement and thus loose everything. To overcome this impatient challenge one must go and enjoy the life while our investment grows in the background.

[Lighthouze]

Please choose one that you feel is the best solution when you have lost substantial value on your investments (or add another strategy to help out the community):

#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.

#2 Come onto bitcointalk and whine and cry and find out what to do with your life.  When no one gives you clarity or direction, panic sell and lose your life savings.

#3 Start hedging your bets.  Put more money into similar projects or move things around to balance your portfolio out.

#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token.  Thus making it easier to make back what you lost.

#5 Join a pump and dump group because those work 100% of the time with no losses whatsoever *rolls eyes*

Personally, when I first started out, I honestly did #2.  After I learned my lesson I just decided to hodl.  Now, I am making a more proactive stance on my investments and am doing #4 to much benefit.  Nothing melts stress away quite like actual results and making smart investment moves is always better than just passively sitting back and waiting for things to change.

While #2 is so funny an true at the same time, I seriously frown at #5 because the innocent get caught n and buy at ATH and they get dumped on, forcing them to hodl for a longer time so as to atleast breakeven. #4 is a great strategy and it's called averaging.

[OriginTrain]

#4

[bulantoy12345]

My strategy is to invest at those reliable and dependable altcoins especially when they are at a low price at the market. I really believe that ethereum, neo, dash and iota are the best altcoins now that's why i invest those altcoins and i will hold it longer because i believe they will rise high in the future. Patience at cryptocurrency really matters.

[salinaangel]

The best option is to invest in a safe coin like bitcoin. In bitcoin investors has the most probability to earn money with a less risk. Moreover you can divide your investment in two or three good coins. Another important thing is the patience. You should have patience to avoid the loss.

[ICO Lancer]

I think diversifying and holding are very important tactics.

A lot of people panic sell often but if you just hold, you'll probably avoid most short dips.

[zinson01]

After losing substantial value, it is necessary for some moments to have fresh air and do some other jobs to clear your thought. Then, when you are free again, you can buy more coin as they are cheaper now and hodl for future. You can also go with option no.5 .

[captaincomet]

There are two ways imo. First, buy coins that go up more often than ones that go down. Second, play market cycles, diversify your portfolio in a right way (usd/crypto wise)

[mummybtc]

I think I like strategy 4 most, I have used this several times, when I believe in a project and the price keep dropping , I usually buy the dip and wait for the rebound, the only issue now is when is the market going to turn to bull trend, because it is not easy buying the dip by locking up your money base on uncertainty  in the space

[Moolah.lol]

The fourth point is somewhat controversial. If it's a fraudulent coin (like B2X), it's better to get rid of it as quickly as possible. If we are talking about different cryptocurrencies (for example, Ethereum), then I agree with this point.

[kenharry]

Strategies for minimizing losses holding coins when the prices are low and increasing stock when prices are low.

[lonmobilio]

I prefer strategy:
#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.
#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token.  Thus making it easier to make back what you lost.
because this is one of my experiences in investing.

[gegewojinnian18]

Your summary is very good, and it is in line with the needs of investors in the market. Many people have no strategy to reduce losses, and ultimately lead to investment failure. Thank you for sharing!

[4garret]

Perhaps on global coins, the most effective strategy is to buy in stages, when prices are in sharp correction.
But this strategy must be prepared from the beginning, because it requires a large capital strength.

[AssassinCreed]

Obviously #1 and #4 are the best way for us to invest in cryptocurrency. We can't use negative sentiment to invest in cryptocurrency because this will cause you to lose the most basic judgment. We need a sober mind to invest in cryptocurrencies. And we need to have enough patience.

[Flexystar]

I would say just be calm and wait for the right opportunity to buy and sell your coins. Whenever you see that there is down surge is coming then its time to get prepared for the mega buy but with extra care these days as dump could get followed with another dump! However in anyways we know that with some time passed you will have your investment back to normal and might get you more than enough money.

Stop whenever things are not right. In the crypto when it is downtime then reduce the activities and try not to invest off the book.

[Chirs]

Maybe my first strategy is to differentiate first, where the coins or tokens that still have potential, and which we will forget.
I think every coin has its own potential, and must get different treatment.

[d2s4]

A good strategy to minimize the loss is to hold 50%, while the other part is selling in such way as 20% for analyzing trends of market and other 30% for earning. Anyway, you could control the current situation and it will be impossible to lose your incomes.

[fransxavariustintin]

The act that I did when I lost my investment, I told myself that I have not lost everything yet, I keep on encouraging myself, I make a diversion so I do not think too much about my loss, I go for fishing and sometimes I play music with my friends .

[bawa_23]

The best way according to me is #1 & #4 are best strategies. You must make your own strategies to minimize losses. One should not sell at low prices. We should hold for some time. Look for the good bounties, with good stakes and the coins earned from these, we should wait the prices to be hiked. Further join a pump & dump group with more knowledge about market.

[sourish]

Maybe 1 and 4, generally speaking, for no particular strategy works in every situation. It all depends on the coin, the market situation, holding or buying power and personal instincts.

[Revolvere]

Waiting for when our coins are corrected may not be a difficult thing, but it's also not an easy thing to do. Some people are not prepared for this kind of situation, and psychologically will be under pressure. Usually it gets worse when they tell people who do not believe in crypto. So one of the strategies that needs to be implemented is, always choose the right forum to interact with the community.

[zbaharudin]

Although not many people suggest, I think in certain situations, cuttloss is also a strategy.
It is not easy, and we are probably guessing in the wrong direction. But if you're used to doing it, maybe intuition will tell you.

[oceantiger]

I will like to use option 1 using it will help by chance there will be a reversal and the market move in the opposite direction and profits emerged. I will also use option 4 because it another reasonable thing to do.

[btc78]

Are you sure?that number two is what made you calm when you had first lose here?does it sound crazy to cry in forum just because of your own mistakes?i dont think im capable of doing than since am ready onhat will happen in my investment because i know how risky this community and everything is possible to happen either good or bad

[maiden]

The best tactic to minimize losses is diversify all your investments in good projects. always remember the quotations “dont put all your eggs in one basket”.
Next is, dont do panic selling, dont sell it at low price.  its okay to hodl altcoins that you have if you feel That The value will become higher in the future.

[mine2slow]

I like the first strategy and try not to rush to sell coins if there is a chance that the coin can grow in price. Market is too unstable to hurry..

[NeedIfFindIt]

The second strategy reminds me of almost half of all forum users, because you can judge by discussions. I think that such people have nothing to do in the crypt.

[cryptotezi]

Since i am not yet a pro level trader, I prefer #1, HODL. I have to fight with my own mind during the time to prevent myself from taking illogical decision. But I think #5 is also helpful if you can do.

[kayakcrypto]

To minimize loses on cryptocurrencies so many steps can be taken. Like realizing the fact of not loosing anything until setting at a loss, start hedging bets, putting more money into similar projects and balancing the portfolio, buying more coins on which money is lost mostly while the price is low just to reduce overall cost.

[kruzer200]

I prefer to invest in pump and dump groups so far because I'm not very good at all the details of the market...

[Farin Aliev]

The fall of the crypto currency market is due to the fact that very large investors want to buy a lot of tokens very cheaply. I also try to buy tokens during drawdowns on the market.

[Aivengo111]

I try to focus on several projects and coins in order to be able to respond quickly to the changing situation.

[siap86]

Useful tips. By reading these things, at least we know what to do when faced with the same situation, though it would be much harder to do than to talk about it. The other most important strategy is optimism. Believe we are still in the early stages of crypto development. And if you hold the right coins, patience will not make future regrets.

[sheenshane]

Useful tips. By reading these things, at least we know what to do when faced with the same situation, though it would be much harder to do than to talk about it. The other most important strategy is optimism. Believe we are still in the early stages of crypto development. And if you hold the right coins, patience will not make future regrets.

Yeah, it's suggestion to the holders especially those newbies easily got panic. This statement will depend on you if don't have a financial problem why you should sell your coins and not to hold right? For me if I saw that my profit was not there why should I sell it that I know I am already loss unless if I have urgent need money that the time I force my self to sell my coins even market was down.
Well, OP was had a good thought by giving us a advise on how to minimize the lose.

[nobetci]

Please choose one that you feel is the best solution when you have lost substantial value on your investments (or add another strategy to help out the community):

#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.

#2 Come onto bitcointalk and whine and cry and find out what to do with your life.  When no one gives you clarity or direction, panic sell and lose your life savings.

#3 Start hedging your bets.  Put more money into similar projects or move things around to balance your portfolio out.

#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token.  Thus making it easier to make back what you lost.

#5 Join a pump and dump group because those work 100% of the time with no losses whatsoever *rolls eyes*

Personally, when I first started out, I honestly did #2.  After I learned my lesson I just decided to hodl.  Now, I am making a more proactive stance on my investments and am doing #4 to much benefit.  Nothing melts stress away quite like actual results and making smart investment moves is always better than just passively sitting back and waiting for things to change.

In my opinion, holding is the main profit way from the cryptocurrencies generally. Of course you can get great profits by catching good pump opportunities, but I think holding is extremely important.

[lagabara]

The strategy to minimize losses is to cut loss when prices are in opposite directions. Although there is a possibility the price will be back again, at least we have secured the assets that we have when there is a lot of price declines.

[l10no]

I would prefer to use method number 1
Because if we keep thinking about the losses that we experience then it will make us streess, so forget everything do positive things possible with sports, fishing or that I often do that is camping

[mihtju]

#1, 4 and 5. These are the points I find useful!) I think that it is worth investing in a large number of promising coins, it will help to minimize the risk.

[Valareos]

Right now most of the altcoins are highly correlated and often move together.
So in order to minimize the risks it makes sense to hold some fiat/usdt

[Shamie1002]

#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.

This is a great advice for everyone because this is TRUE. HOLD and leave it for a while and distract yourself.
I usually find more things to do to earn.

#2 Come onto bitcointalk and whine and cry and find out what to do with your life.  When no one gives you clarity or direction, panic sell and lose your life savings.

I think it is good to be in a forum to share your thoughts but never cry or whine because you might cause panic selling too.
You can have ask advises for clarity and do not mind FUDs and False news. It can be harder for you.

I always think that losses can be avoided with good decision making. Build yourself with knowledge and face everything with it as a sword.

[Kwadwogray]

The best strategy for minimizing losses is target setting. When you have no target to reach you tend to do overtrading and when your greed has had the best of you all you get is a sudden loss. It is best to stick to your target no matter how the price may be increasing at the time. You'll always have another buying point if you are patient enough.

[automail]

The best strategy is not to wait for another bull run. By coins every time the market drops and sell it when it goes up again. It is better to settle for small gains first then gradually hodl a portion of your coins for long term run. What I have done is to purchase around $300 when the market is low then sell $300 again when the market is up. I will gain a small amount in a short time and hodl that coin for long term. This is very effective for those who have a lot of capital. Imagine if its $300k. :-)

[IsabellaSophia]

Thank you so much for your suggestion brother. Cannot agree more on this and I think you have mentioned all the neccessery tips. Learned a lot. Keep it up.   

[btccashacc]

I'm going with the number 1 however it's better if you could sell them immidiately when the price was crashing aka cut loss. The reason why people do this so they won't lose too much and then find a new strategy to recover that loss. Holding your coins for a while might be a good choice but sometimes it's stressful it doesn't matter if you can handle that feeling.

[vrabac68]

Offcourse it is nr 1
#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.
Patience is the key and we are close on massive eruption of the market when big institutions from wall street comes in

[azizsatrasia68]

Please choose one that you feel is the best solution when you have lost substantial value on your investments (or add another strategy to help out the community):

#1 Realize that you don't actually lose anything until you actually sell at a loss.  So you go outside, ride a bike, read a book, resist the urge to check coinmarketcap and just hodl.

#2 Come onto bitcointalk and whine and cry and find out what to do with your life.  When no one gives you clarity or direction, panic sell and lose your life savings.

#3 Start hedging your bets.  Put more money into similar projects or move things around to balance your portfolio out.

#4 Buy more into the coin you are losing money on while the price is low to reduce your overall cost per coin/token.  Thus making it easier to make back what you lost.

#5 Join a pump and dump group because those work 100% of the time with no losses whatsoever *rolls eyes*

Personally, when I first started out, I honestly did #2.  After I learned my lesson I just decided to hodl.  Now, I am making a more proactive stance on my investments and am doing #4 to much benefit.  Nothing melts stress away quite like actual results and making smart investment moves is always better than just passively sitting back and waiting for things to change.

The strategy depends on the potential of the coin. Strategy 4 I think it's better to invest in coins that have the potential to grow back. A strategy that often does is strategy 1, because I do not make crypto investment the main job.

[SeXy]

My scheme is to location at those dependable and rock-steady altcoins chiefly when they are at a stumpy payment at the market

[vseslav90]

There is only one way for me to minimize losses: be confident in information that you have got, be careful making a choice that will influence on your future income or on the money at all.

[fiubit]

There are a lot of aspects to minimize losses. I should mention about "half-part" trading/holding, strong password and using only popular and safe exchanges.

[martychubbs]

Very often it sounds silly when people are saying that I have lost some value of money, because I've been trading and I sold for less money that I could, I'm thinking that this is not a lost it's just a smaller amount of earnings.

[Jamboo30]

Thanks for your sharing about the strategies, I will follow it and monitor the result. The market is in downtrend and it is very difficult to find the good way to get income from trading or investing.

[pjr77]

The market is too unpredictable and you can never be 100% sure of your actions. I think that your strategies are used by many, but in fact they are useful only in theory, not in practice

[jawatulen]

the best strategy to minimize the loss is with stop loss
if not, when you see the price will be down deeper, you can sell your coins then buy again in the deeper price,, so you can collect more coins
after that, wait until the price make a corrections in down trend, then you can sell it,, so, you will make a profit in the down trend  

[tony kurniawan]

A good strategy to make a profit is to buy at a low price, be patient and be confident that bitcoin will increase. Hold on when prices are volatile as prices are definitely improving and could increase, and when a high price sells for a profit.

[shapegray]

I agree with all of that. Don't think that you get losses until you sell it. Don't make yourself panic with that. Try anything that has chance to get more profit. You must be wise in doing something.

[Geleve]

stop limits are one of the most useful thing that you can reduce your losses during sharp falls. because you can exit in the beginning of the fall and collect when price is lower. and it is very easy to use.

[Bilipus]

This is like one of the options, I would have left about half of my money in long-term investments, and the other half would try to trade on a daily decline and a rate increase.

[Haunebu]

Excellent post OP. I completely agree with you. One of the biggest tips to reduce losses in this volatile cryptocurrency market is to stop staring at the markets all day long and focus on HODLING instead which seriously helps a lot and reduces the pressure involved with this market. Diversification is another important tip which I always recommend to anyone looking at investing(Avoid over-diversifying though which could cause problems sometimes).

[RokokGudangGaram]

There are a lot of aspects to minimize losses. I should mention about "half-part" trading/holding, strong password and using only popular and safe exchanges.

really well and my advice also do not ever panic with the decline of the market is getting down, because if we can control our emotions to continue to hold certainly can avoid the name of the loss. so good trading is like that before

[qazgroup]

If you really believe in your coins then i think their there is no need to cut losses as the crypto coins economy is designed as such to increase in value and demand overtime.

[jgaspar]

It's a great advice for me to take a break from trading because it is emotionally and mentally hard to be always in the trading condition, when your brain is filled only with the crypto trading related thoughts.

[gentsy brink]

I agree, in the world of cryptocurrency we must be more active in reading and analyzing the market. because we know that market prices are unpredictable and unstable. especially in trading, you should really know the right time to sell and buy coins in order to make a profit. it has to be done well if we want to get the profit.