You have a long list of altcoin portfolio that have tanked down by 90% since you participated in the ICO. What was $5000 is now worth $500. You are at a loss of $4000 and there happen to be an upcoming token sale that is pretty hyped.
You are in desperate need to recover your losses and you plan to invest in that hyped token sale in hope that you can earn 5-10x. Would you:
1. Pump fresh fiat out of your pocket into the token sale or
2. Trade off the the altcoins you have for BTC/ETH and invest into that hyped token sale.
Share your thoughts.
The best way to recover loss in my opinion are first invest only in stable coin those in the top 20 in coinmarket cap. I keep buying when price continue to fall to lower my buying average. And never ever try to go on hyped coins it can ruin more your investment the risk is very high in hype coins not recommended for newbie trader.
If the guy invested too much in the cryptocurrencies in December 2017-January 2018, it will be too difficult to recover the losses now. I lost a bit, but now so much. Now, I am holding several promising altcoins and hope they will gain.