Hello dear members.
I have bought some Yoda and Alisa coins in Yobit. I saw they were rising and anyone suggested buying them.
Since I bought them, they are just going down and I have lost 60% of my money in them until now.
What do you recommend me to do next? I am very patient but do you think holding them a little longer can compensate my losses?
I only want to get my capital back even if it is done with zero profit.
The most important thing you need to know when you are buying a coin is what am I going to do in the case my prediction goes wrong? Everyone is always focused on what they are going to do when things go the way they predict but you need to think in the opposite way, that way when the price goes against your prediction you will know what to do, you held your coins too long, you should never wait until you lose 60% of your capital to consider selling, you are too late and now whatever option you choose will be hard to follow, if you decide to keep holding you could face even bigger losses and if you sell then it will be impossible to recover the capital you lost.