Quote from: raven7886 on October 09, 2018, 03:09:50 PM

Quote from: omonuyak on October 08, 2018, 08:01:19 PM

Like me, many traders especially the inexperienced one in cryptocurrencies trading are finding it very difficult to invest into cryptocurrencies as many of us that buy bitcoin in January and February are still holding at loss. As a professional, what are your thoughts on this as we need your encouragement to be able to invest into the market again.

The number one thing inexperienced people forget is to double down on your losses no matter what if you believe in it.
If you see bitcoin going to $20k and now at $6k and think it will be end of it than you can cash out your money and leave. However since you are here asking how to be better that means you still believe in it and you should definitely double down on it.

For example, if you bought $20k worth of bitcoin during $20k levels your bought price is $20k, if you buy another $20k worth while at 6k that means your average is $13k, if you buy another $40k at $6k that means it will be $9.5k which is quite close to profit as it is right now.

Now if you think "I do not have that much money" just change the numbers, don't make it $20k but make it 20 dollar who cares, and if you do not have any money after buying at $20k that means you bought more than you can chew, buy with certain amount of your bankroll all the time, never go all in.

What you told is the only option left for who ever bought on ATH as their is no other option left. Either average your buying price by buying more in current price or just leave it or just book loss and leave the crypto world.