Help to rescue

[a298b112]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

[Mr. Magkaisa]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

    -  You know as long as your not selling it, even if you bought it at a high price in the market before, you will still get it back. How? the only thing you can really do to recover and still make money there is to hold and wait for the Bull run to return.

I'm sure that when the value of Bitcoin in the market starts to rally, DOT is one of the things that Bitcoin can pull up in the market price, and there is also a high possibility of returning to that ATH. Just be patient and there's no other way to do it than to increase its value again in the market, as long as you don't sell it.

[yudi09]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

The way to save it is to wait. If you sell at the current price, you will automatically be at a loss point that reaches approximately 19USD per 1 Polkadot.
Before you decide to put all your money into DOT, you should first analyze what coins you want to buy because IMO putting all your money into one type of coin is not good except for Bitcoin.

Again, the way to save your money is to wait until the price of Polkadot/DOT returns to the purchase price.
If you still have other money, look at other coins that have the opportunity to increase and buy. The profit that will be obtained can cover the loss due to the decline in DOT price.
I look at the price chart, XRP is still on the rise.

[GreatArkansas]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

I can relate to this. I was once also a holder of Polkadot (DOT) I even joined most of their para chain auction sale before.
I can also say that there are really no excuses if we are in the bear market, even with how quality cryptocurrency project is, when the bear market comes, it will be bloody.

My advice is you can hold because selling with that kind of loss, it's already huge. But we will not know when it will or how much price will it be if just in case we will be in bull market and peak on the market.

[joniboini]

What kind of options are acceptable for you? If you can take a riskier approach I guess you can DCA to lower your average entry or DCA into Bitcoin or other major altcoins based on the speculation that the next bull run would give you enough return to cover your loss. You can also trade other assets other than crypto assuming you have access to them. Keep in mind those are still risky moves, you need to accept the risk and understand that it might expose you further to another loss of capital. If you don't have the capacity to do that, then I don't think it is a smart choice to do.

At the end of the day nobody is a certified financial advisor and no one knows your exact situation, so just take our posts with a big grain of salt.

[Awaklara]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

That's the DOT price about a year ago if I'm not mistaken. maybe you can confirm it. maybe when BTC was $40-50k. and right now we're in the $30k range.
if you still believe in the DOT, I think you can hold it while waiting for the Bull momentum to come. but the returns you get may not reach your capital. but the possibility can be reached when BTC breaks ATH and it will make an increase in the Altcoin market.

[mk4]

Think that it will go back up? Then wait, or maybe buy more if you have cash.
Changed your mind and think that it's a shit cryptocurrency? Then just sell.

It's just that simple imo.

[ajiz138]

There is no other way than you continue to hold until this coin is back at its high peak or at least until you return the price back to $25, but try to wait until this next bull for at least one more year, just my own assumption.

Is all your money in DOT coins?
If you don't want to experience big losses the best advice is WAIT.
But if you have potential in other coins such as trading or types of investment in the short term you can do to cover losses on your DOT coins but keep in mind this is also not easy because it is full of risks.

Try to accumulate on bitcoin do you have plans for that? but that is my thought where buy bitcoin prices from now on and HOLD it then it will cover your losses on DOT coins.

[Baofeng]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

Did you sell or not? if not then it is just a paper lost nothing else. Unfortunately though, I'm not a investor of DOT so it's hard to give advices here. And mind you, even if I'm a investor, we seldom give financial advises here.

So the best thing to do is to really is maybe just wait as you have said. It might be long though as the next bull run is projected to be in 2024-2025 and hopefully you can break even by that time.

And maybe this is a expensive lesson for you, and that you should invest majority of your portfolio to BTC.

[khiholangkang]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

I think it's better for you to continue to hold it, because you with a situation like the market today will be very detrimental to you, I also have a little DOT, but I am not as high as the price you buy, I bought it at $ 10, of course this If I sell, I will experience a pretty decent loss, to sell it today is a bad choice, just calm down friends because we are currently still in a state of bearish, of course for the problem of losses we all experience it in Altcoin.

Re-thinking that DOT has a pretty decent ecosystem and it is likely that DOT will form his ATH again in Altseason later, you must really be waiting for him.

[dimonstration]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

The current supply of DOT tokens is almost fully diluted which means the current price might be the lowest range it can be. Problem you enetr when the circulating supply is only small while the lock tokens keep unlocking that being absorbed by the orderbook liquidity.

Taking profit now is useless since the price is already at the bottom while there's no guarantee too that the price will recover to your buying price. Holding is your only option and add more liquidity to by more until you breakeven when the price move up. This your only way to rescue your loss by adding more fund to cover your losses.

[stompix]

-  You know as long as your not selling it, even if you bought it at a high price in the market before, you will still get it back. How? the only thing you can really do to recover and still make money there is to hold and wait for the Bull run to return.

Yeah, majik!!!!
You just have to wait and you're going to make money no matter what shitcoins you hold
Majik!!!!

Again, the way to save your money is to wait until the price of Polkadot/DOT returns to the purchase price.

What if that never happens and the shitcoin drops to half a cent per coin?

Taking profit now is useless since the price is already at the bottom while there's no guarantee too that the price will recover to your buying price.

Can you please let me know the brand and model of your crystal globe?

I love how easy it's for you guys to talk about the risks of losing all your money when it's somebody else's money, it oversimplifies things as much as it can! Just hold! I wonder why nobody is talking about him buying more and more!

[mk4]

The current supply of DOT tokens is almost fully diluted which means the current price might be the lowest range it can be. Problem you enetr when the circulating supply is only small while the lock tokens keep unlocking that being absorbed by the orderbook liquidity.

A token having it's total supply almost fully released doesn't automatically mean it can't drop lower. Demand is still a very important metric.

Taking profit now is useless since the price is already at the bottom while there's no guarantee too that the price will recover to your buying price. Holding is your only option and add more liquidity to by more until you breakeven when the price move up. This your only way to rescue your loss by adding more fund to cover your losses.

That's called sunk cost fallacy, in which it is definitely not the best way of looking at investments.

[cytpoway121]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

After investing into an altcoin; the chances/options are limited for you when the markets get bearish.
First you need to go back to the drawing board and figure out what the future holds for the dot token;

• will the token price bounce back?
• will the token survive long term?
• is the token devs ticking the right boxes to improve the product value?

Getting answers to these questions put you in the right path

  Is there anything I can do?

You can do one or two of the options below.

• Wait
• Practice DCA; since you are 79% down, an investment means you can buy cheaply and increase your holding, when the prices goes back to basic price; you will be 80% up. Please do this if you get credible answers from option above.
• Accept defeat and cut loss by selling the token at 79% loss.

Please review the research options and make a good decision.

[Ultegra134]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

First of all, are you in dire need of money? If yes, then you may be forced to sell, otherwise I don't see a reason not to wait. Did you acquire many coins that put your financial state in a tough situation? If none of these apply, then I'd simply hold your coins and wait for a recovery. Polkadot's ATH was at approximately $50, which means that it has a decent potential for a recovery. Although you have purchased exactly in the middle, the current price is possibly the lowest it could be at the time, as it was unfortunately affected by the SEC lawsuit.

My advice, simply hold and if you're up to invest any further, I'd use the DCA technique that other users suggested. In that way, you'll lower your average purchase price, while it's a great opportunity now that it's affordable.

[dimonstration]

Taking profit now is useless since the price is already at the bottom while there's no guarantee too that the price will recover to your buying price.

Can you please let me know the brand and model of your crystal globe?

I love how easy it's for you guys to talk about the risks of losing all your money when it's somebody else's money, it oversimplifies things as much as it can! Just hold! I wonder why nobody is talking about him buying more and more!

His initial investment is already turns to 20% with the current price. I'm considering the supply ratio on my suggestion which we all do even with Bitcoin.  

The risk of losing all of his money is already on 80% completion when he create this thread. I understand that there's a possibility for this token to go deeper but considering how much he loss already makes me wanna go to hold instead of re-investing on other tokens at this moment.

The current supply of DOT tokens is almost fully diluted which means the current price might be the lowest range it can be. Problem you enetr when the circulating supply is only small while the lock tokens keep unlocking that being absorbed by the orderbook liquidity.

A token having it's total supply almost fully released doesn't automatically mean it can't drop lower. Demand is still a very important metric.

DOT still has a demand until now. It's rank 13 on marketcap with 100M trading volume on daily basis.

Taking profit now is useless since the price is already at the bottom while there's no guarantee too that the price will recover to your buying price. Holding is your only option and add more liquidity to by more until you breakeven when the price move up. This your only way to rescue your loss by adding more fund to cover your losses.

That's called sunk cost fallacy, in which it is definitely not the best way of looking at investments.

Correct too, But are we using this on Bitcoin investment? Suggesing to buy more when the price dip?

[michellee]

You have two choices, sell it or keep waiting. If you sell now, you are still at a loss and there will be no chance to profit because you don't own the coins.

But if you can still wait and hold the coin, you can get another profit, especially if the price can go up and exceed your purchase price. But sadly, we don't know whether DOT will be one of the coins that can rise high in the future or if it will stay like this. So your choice is still to hold it while you wait.

But you can also buy DOT again while the price is still at the current price to get an even lower average purchase price. But that's up to you because to buy DOT again, you need money.

[blockman]

You only have a very limited option, if you're at a big loss now. It's either accept that loss you've made or be patient and wait until it recovers and while waiting for its recovery, you can add more so that you'll also be able to capitalize on that whenever the time comes for it to be up again.
Everyone's idea is good if you're going to read all of them but at the end of the day, only you can know what option is the best for you. Many of us here have been in the same position and we just did what we think is right, to cut loss or DCA and hold.

[Ojima-ojo]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

Ops the expert market decision for you right now is to keep on holding your DOT for as long as possible to see if the price will recover back to your bought price so as not to be in lost and more also,  you must have understood the risk associated with most of the altcoins because you must have to hold them only for speculation and not for long term and what I have noticed also in your case is that you bought that dots when the price was at all time high which is not the best buy decision for anyone.


But since the deeds have already been done I think next time before you hold any coin you must first have a good knowledge and when to act because altcoins are gamble and nothing more,  today their price is at the moon and next day their could possibly drop to zero.

[kotajikikox]

I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?

you should have asked this when you start seeing dropping to 20% , you just made us hard to advise the right thing since you invested in shitcoin , but considering that Polkadot stays in rank 13 then there are still hope from your concern .
if you are not in a Hurry then continue holding as there might a miracle in Bull market and you'll get back the capital and may earn profit,
but if you are doubting this coin nowadays then best to sell and change plans , at least try XRP as it is increasing and will increase more after winning the case against US SEC.