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!
That absolutely cant be helped since you loss almost all your investments. Better dump the shitcoins you are holding and buy a new and trust ones. Start again from the bottom and recover your loss through a better rounds again this time. Now that the price is cheap, you can still correct your mistakes. Buy and hold until your mind is stable then proceed to trading after.
That would be a good solution if the price were not going down too deep.
But if he holds from one or two years ago and that coin cannot increase for a long time, then it will be difficult to sell right now because he only gets a big loss than he can imagine.
It is advisable to sell all of the coins right now because he is too late to sell and there is no other way except to waiting for the time to change into the bull market so he can start to sell his coins.