How to recover when you are down 90% of your portfolio?

[marycrazy08]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

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[soxxx]

Personally I would start with converting the shitcoins to Bitcoin, you would need a 10x to break even so about 50k Bitcoin (which will happen if Bitcoin succeeds), I would personally also dollar cost average in to lower your break even point. None of this is financial advice but if you believe in Bitcoin this will help recuperate your losses.

[TimeBits]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Buy Land, FARM LAND, Population only going up, land only going down. You win in the long! even if the economy fucks up you still got your land
https://www.scmp.com/property/hong-kong-china/article/2151682/buyer-world-record-us760000-parking-space-boss-hong-kong

The house I am living in is worth $1.5 million (it is actually a pretty small house) 50 years ago it was $10,000

I do not own this house.

[TimeBits]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

or if you are in Canada, start buying older pennies before 1982, the cooper is worth 5 cents, so you can melt 1 cent down into 5. Just don`t let the queen see you.

[pooya87]

it is very simple, stop calling what is NOT a portfolio, a portfolio.

when you fill your bags with nonsense altcoins, you are not creating a portfolio. you are instead creating a higher risk bag that is guaranteed to lead you into bigger losses compared to if you only had bitcoin alone.
a real portfolio is when you diversify into different financial assets such as as stocks, bonds, gold and bitcoin. not when you have bitcoin and buy altcoins to "diversify".
it has been proven that whenever bitcoin rises or falls, the altcoins fall hard so when you bag hold them you are not only reducing the profit you may gain you are also increasing the chances of losing a lot of money. hence your 90% loss.

[Yakamoto]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

If I had to recover from a portfolio that was down 90%, I'll be honest, I would probably sell off the assets that I retained (especially if they're shitcoins) and start all over with a fresh set of assets. I don't think there's a good recommendation for recovering from such a substantial drop aside from having another go at investing with a new and separate portfolio if that's what you want to do. There might be a better way of recovering those losses, which don't involve investments in altcoins again, but it's completely up to you as to what you want to do.

The only potential thing I can see to reliably recover such a significant portfolio loss would be starting your own business in crypto, but that may require a lot of skills which are not necessarily common or skills that you even have to begin with, and there's a chance the business might flat-out fail. There won't be a way to recover it without mitigating the risk present in altcoins, which might very well wipe out your remaining portfolio value. I don't know how you'll dig yourself out of this hole, to be honest. Best of luck.

[Ailmand]

Sell all the shitcoins you have and buy coins that already has good foundation and trusted to atleast make up for your losses. Find other alternatives to earn, and move on from your loss. Do not grieve over your losses or else you will lose other opportunities to earn.

[schyter]

Hey guys, my friends and I were down 90% of our crypto portfolio. We bought at the highs and we bought shitcoins. Now we are still down significantly and i just want to ask if you guys have strategy to recover from this? Cheers!

Buy Land, FARM LAND, Population only going up, land only going down. You win in the long! even if the economy fucks up you still got your land
https://www.scmp.com/property/hong-kong-china/article/2151682/buyer-world-record-us760000-parking-space-boss-hong-kong

The house I am living in is worth $1.5 million (it is actually a pretty small house) 50 years ago it was $10,000

10,000 to 1.5 million in 50 years is a long time to wait if you intend it for yourself 😄
However land will always be a sure investment on any day.

[kingpin4321]

Well it's quite unfortunately that you are in your present situation well it's not your fault the market is very unpredictable but all you can do at this moment is to develop a good patient character and hold

[Haunebu]

Firstly, you are asking for the impossible. Even if another big rally happens in the future, I don't expect these shit coins to gain any momentum since people know what they are now after the bear market of 2018.

Don't wait. Just sell them all before they go extinct op.

[Genemind]

That's the importance of investing in a reliable coin. I always choose to invest in well-established coins because most altcoins nowadays aren't that profitable anymore. As for me, you can't do anything about it but to sell your shitcoins and just buy coins like Ethereum and Bitcoin.

[talkbitcoin]

you now have two options:
1. you saw that you can not be successful in this market so you leave and don't come back to save yourself the trouble.

2. you saw you weren't successful but you still want to keep trying and become successful so you continue taking the risks. in this case, however, you should first start by analyzing things you did so far that led to your 90% loss. and then see what were the things you did wrong so that you can avoid them in the future. do that your success rat will start increasing slowly.
for example a big mistake that most people made was to listen to what altcoins others were suggesting then to buy and bag hold!

[Beerwizzard]

I guess if you bought your shitcoins at the highs then you are not smart enough to return those lost 90%. You literally have to make x10 just to get your money back. Just sell what you have, cry a bit and live your life.
Still want to get your money back? Okay, open CMC and watch gainers and loosers chart. You will see 30 shitcoins and most of them hardly got their 15% growth for the last day. And this is only 30 shitcoins out of 2k listed. Guess your chance to picksome decent shitcoins that would keep growing.

[omone1]

Shitcoins are dead trap that lead to nowhere but sighs and stupid regret. I got rekted by a shitcoin, nevertheless because of the team behind the project, I converted a major part of the 90% loss to bitcoin and I would buy some good altcoins that had up coming events, once the events were very close, I sold off and make some profit, and return back to the shitcoin and traded to take some profit at every pump. This is not a easy task and FOMO was at its high pick. I don't follow shit coins again. And we all should do the same by dishing shitty projects.

[Bitinity]

First of all, I think this should belong to Trading Discussion
Secondly, the only way to recover your lost on the shitcoins is just by doing some other investments on other better coins. Surely, you need more money to do it, but if you have no more money to invest then I have no ideas what you should do to recover your lost except keep holding the shitcoins in a hope that the price will go up in the near future.

[traderethereum]

It depends on the coin you bought because if you think that your coins are not the right coins, then you need a long time to see your portfolio will increase again.
There is no other way except waiting for each coin you have to get back to the higher price, and you cannot do anything.
It is hard, and I know that because I am in the same position as you and I still wait for more. I am sure that other people will do the same.
But if you have another money, then maybe you can try to buy more the coin so you can get a lower price in the buy order.

[bering]

The coins which down to 90% are difficult to bounce back even i have to says impossible to recover again and possible those coins will eventually worthless or delisted on the exchange and if i had in that situations i will cut loss early immediatelly no need to wait until the price decrease to 90%

[BlockXSphere]

First of all, I think this should belong to Trading Discussion

Agree

Secondly, the only way to recover your lost on the shitcoins is just by doing some other investments on other better coins. Surely, you need more money to do it, but if you have no more money to invest then I have no ideas what you should do to recover your lost except keep holding the shitcoins in a hope that the price will go up in the near future.

It depends on the shitcoin that he invests. Some of "so-called shitcoin" have the potential to increase valuation over a period of time. I will give some example. Hiveterminal($HVN) They are down now from there all time high due to many reason. But take note that during there all-time high, They don't have any product and just a whitepaper. And now they have a working product and slowly acquiring user to use the platform. So who knows what price they can reach now on next bull run.

Conclusion: You will never on loss unless you sold. 

[Slow death]

Hey guys, my friends and I were down 90% of our crypto portfolio.

This is a big loss.

We bought at the highs and we bought shitcoins.

You need to tell us what these chitcoins you bought. I'll give you an example of some altcoins that in my opinion in past have high prices in relation to bitcoin and they fell and that I think they never had the same high prices again.

LISK, had a high price of 0.003 BTC and I believe we will not see this price anymore

STRATS, had a high price of 0.0041 BTC and I believe we will not see this price anymore

There are many altcoins that are not worth to just hold for a long time because today there is a lot of competition and people are going on new projects that have more advantages.

you must sell all your altcoins and buy bitcoin and hold for 1 or 2 years, at least you will reduce your losses

[aad140386]

I don’t even know if it makes sense now to convert your shitcoins to bitkion or other promising coins from the TOP-20 or not. Theoretically, we are now somewhere at the bottom and are just trying to push off from it, and if the market starts to grow, then it is likely that shitcoins will grow faster than Bitcoin and other altcoins of their TOP-20. In any case, it was so before. So maybe you should just wait a bit, because by and large you have practically nothing to lose. If with the growth of bitcoin you notice that your shitcoins do not rise in price in relation to bitcoin, then you can safely change them to bitcoin.