My altcoins are down... by a lot

[mistemb]

you should hold those since you have endured the hardest part another 10-20% drop wont even matter now

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[SimonJones]

Hi,
So I’ve invested a bit of money into altcoins about a year ago, and did a bit of trading but then slowly lost the track of it... Until today, where I found my ledger in my closet and decided to give it another look.
So here I am now looking at my coins , and thinking on what to do... Hold on? Sell?...
I’ve got:

KMD EDG MSP

I’m down about 60% of my investment.

Any advice is appreciated!


EDIT: Yeah my entries are all super high tbh haha

EDIT 2:I’ve got quite a bit of faith in MSP & KMD Not sure about EDG though

You mentioned that you have already lost 60% of your investment so why not hold the rest at least for a month or two. Maybe this 40% will recover all your loses.

[Juggy777]

Hi,
So I’ve invested a bit of money into altcoins about a year ago, and did a bit of trading but then slowly lost the track of it... Until today, where I found my ledger in my closet and decided to give it another look.
So here I am now looking at my coins , and thinking on what to do... Hold on? Sell?...
I’ve got:

KMD EDG MSP

I’m down about 60% of my investment.

Any advice is appreciated!


EDIT: Yeah my entries are all super high tbh haha

EDIT 2:I’ve got quite a bit of faith in MSP & KMD Not sure about EDG though

Hey the crypto world is currently in the middle of bitcoin cash war, this event shall last for few days once this impact fades away then we shall see cryptos stabilising once again. I would suggest you to hodl on to your coins as selling now you'll only incur looses. While I sympathise with you after holding for a year you were expecting profits, but I would advise you to be patient and hodl them for few more months.

[judyrob]

lose you that already large enough and go well it's too late. the secure path that you can use is still waiting and hoping for recovery as soon as possible. selling now useless because if you use it to start new just the same it just shut down the capital and there is no good thing that comes along.

[fiomcorka]

Hi,
So I’ve invested a bit of money into altcoins about a year ago, and did a bit of trading but then slowly lost the track of it... Until today, where I found my ledger in my closet and decided to give it another look.
So here I am now looking at my coins , and thinking on what to do... Hold on? Sell?...
I’ve got:

KMD EDG MSP

I’m down about 60% of my investment.

Any advice is appreciated!


EDIT: Yeah my entries are all super high tbh haha

EDIT 2:I’ve got quite a bit of faith in MSP & KMD Not sure about EDG though

Wow, 60% is a huge percentage to lose, if you really invested high amount like you said. My advise to you would be not to sell, since you already lost 60%,you should continue to hold the coins and see what follows, cause there might be an increase soon. I read one expert say that the price of Bitcoin will increase, causing altcoins to fall drastically. Maybe you should exchange them for Bitcoin or any of the top ten coins if possible.

[Mianae]

Buddy, you're not alone. Some persons are down more than 80%. The year is one that's bearish for many months no the cycle has continued. Let's hope it reverses for good.

[WackMack]

Hi,
So I’ve invested a bit of money into altcoins about a year ago, and did a bit of trading but then slowly lost the track of it... Until today, where I found my ledger in my closet and decided to give it another look.
So here I am now looking at my coins , and thinking on what to do... Hold on? Sell?...
I’ve got:

KMD EDG MSP

I’m down about 60% of my investment.

Any advice is appreciated!


EDIT: Yeah my entries are all super high tbh haha

EDIT 2:I’ve got quite a bit of faith in MSP & KMD Not sure about EDG though

Wow, 60% is a huge percentage to lose, if you really invested high amount like you said. My advise to you would be not to sell, since you already lost 60%,you should continue to hold the coins and see what follows, cause there might be an increase soon. I read one expert say that the price of Bitcoin will increase, causing altcoins to fall drastically. Maybe you should exchange them for Bitcoin or any of the top ten coins if possible.

I lost about the same amount and to be honest, I’m already scared to look at my balance, but in any case it’s too late to do something, I can only wait and hope for the market to recover.

[Strotman]

Well at the current market price right now, the best thing for you to do is just to hold your altcoins. Or you can even buy some more of it because the prices are way too low.

How can you be so sure that the prices will not go lower? Many "experts" suggest that the price of bitcoin may drop to $4000. Where are the guarantees that TS will not lose even more taking advantage of your advice?

[bayu7adi]

is it true to buy cryptocurrency in the hope of making a profit is gambling?
the purpose of creating cryptocurrency is whether to trade like this or for payment instruments, at this time I still doubt
a little advice from me, if you aim to seek profits from cryptocurrency, make sure the money you use has nothing to do with your life needs, so that when you lose your money, you will not be disturbed

[Insufficient]

No matter what coins you are hodling the reality is almost everything is down in the market lately. Now if you havr faith on the project and the use case of your coins i suggest you hodl on to those until the market recovers or you can start buying some more on the dip and day trade with it til you cope up with the lost. This is just how i will deal with it but obviously you do you.

[Naughty Princess]

Nobody knows for sure if it is the bottom or even lower prices are ahead. If you are a long-term investor, then today is a good day to buy some.

See the potential of the coin you are holding. Though price down more, I believe that it can recover. It is risky to hold more but a lot of lose when you sell it now because it is much lower than you expect. If I am the one in the position, I will leave the market and come back later if everything is in recovery because for sure, there is a good result.

[Ostonian]

Now this is a normal situation. On good, it was necessary to merge altcoins earlier. But since you keep them, most likely for the reason that you have invested more than one year. And do not sell, because you believe in the success and future of the coin.

[CryptoNoob11]

Do you guys think we will see another dip in BTC today? I've got a buy order at 5300USD, not sure if I should buy for current price or wait.

[fasdorcas]

If you already lose, then maybe you can still take some risk for some months maybe there is also some hope for the next year. If you can still wait for the market to recover then hold all your coins still. As long as you have still more patience, wait for it to reocver. We all ever know when but hopefully next year can be a good year for cryptocurrencies.

At this point, as long as you know you have been holding for a very long time now, I see no reason why you should even be considering out of panic to sell. Like you said, for those who have been holding, they should just be patient enough.

There is always a season for everything, a time for the bulls and a time for the bears, and if you do not get to be patient enough for it, and not get carried away by the little downtrend of the market, which I even see as an opportunity to be taking advantage of, then, in the long run, when the market bounces back into recovery, it will be a hard story to tell if you are not already in. That is why till date, a lot of people stupidly end up joining FOMO.

[manojpatelme]

Hi,
So I’ve invested a bit of money into altcoins about a year ago, and did a bit of trading but then slowly lost the track of it... Until today, where I found my ledger in my closet and decided to give it another look.
So here I am now looking at my coins , and thinking on what to do... Hold on? Sell?...
I’ve got:

KMD EDG MSP

I’m down about 60% of my investment.

Any advice is appreciated!


EDIT: Yeah my entries are all super high tbh haha

EDIT 2:I’ve got quite a bit of faith in MSP & KMD Not sure about EDG though

I think there is no point on selling at current level because you have already lost 60% of your investment and selling then buy again some new coins will be same as hold the same coins. So you should take some more risk and hold for long.

[mrkavasaki]

in any case, I do not advise now to sell what you have. Just tune in for the best. I can't say that everything will be fine soon. But it will be unique. You like many others are in this submarine and leave it now just not worth it. Stay together and hodl.

No, let him reconsider the projects he has invested in before. And in today's bad market, get rid of those projects as soon as possible

[Harriti]

I think you're still very lucky cause you just lose about 60% while there are a lot of traders and investors lost everything in this terrible period of crypto market. You can do whatever you want, keep holding, cutting loss,...but I think you shouldn't cut the loss cause IMO it's the stupidest decision ever.

[IndianaJons]

Hi,
So I’ve invested a bit of money into altcoins about a year ago, and did a bit of trading but then slowly lost the track of it... Until today, where I found my ledger in my closet and decided to give it another look.
So here I am now looking at my coins , and thinking on what to do... Hold on? Sell?...
I’ve got:

KMD EDG MSP

I’m down about 60% of my investment.

Any advice is appreciated!


EDIT: Yeah my entries are all super high tbh haha

EDIT 2:I’ve got quite a bit of faith in MSP & KMD Not sure about EDG though

None of the people present here knows what to expect next. Perhaps there will be another fall or, on the contrary, a wild growth will begin. Only you can decide. I decided to wait to sell my coins.

[alrose]

I am more and more visited by thoughts, to close my wallet and not to look into it for a year. I will not leave cryptocurrency. Sell coins, and buy others also do not see the point. Therefore, I will just hold

[otunayode]

I really do not know what happen to kmd as it was previously popular with community expecting great deal if changes and development with komodo. I had my kmd bought at rather HGH price and what I have now are serious loss on the value of what I put in!