Post
Topic
Board Bitcoin Discussion
Re: How did you recover from your loss in bitcoin investment?
by
Ozkhan
on 20/06/2018, 20:34:16 UTC
If by loose, you mean totally wiped out maybe because of bankruptcy, it isn’t recoverable.

This happened to me with WorldComm stocks and bonds. The company reported fraudulent earnings, got caught, and went BK. I received nothing for my stocks and maybe 10% of the bonds. I declared the losses on my taxes the following year.

If by lose, you mean the stock price dropped a lot but is still operating, you have to make a choice. Was the loss due to market conditions or the company itself? Today, April 6. 2018, many stocks were hurt when the indexes dropped by 2% or more. Good companies will recover. If you can’t stomach the loss, sell the stock and recover what you can.