Post
Topic
Board Trading Discussion
Re: Recovering losses
by
Twinkledoe
on 02/04/2021, 21:51:37 UTC
Now I don't need to pay any income tax but also lost my bitcoin.
Greatly appreciate any words of wisdom, any help with the strategy to recover my loss.

Thanks and regards,
LongBTC2Moon.

Dont rush up! You dont actually need others help because they cant really help you out on the first place.The only one who could only help is only yourself.

When you are making some gains then thats a good indication that you could still have the chance on recovery.It might not really be that fast but it is much better if you done it slowly
but surely.

Dont add up more investment because that would really be a sign of desperation and would might end up into more further loss.You should avoid that.
Dont sell out your land. Try things as best as you can until you break even.

Getting some advice or help from this so-called experts is useless. Because they may even endorse you of something. I think if you do want to earn some tips, you can lurk around the forum, in this section and in the beginners & help, and you may get a lot of insights that will guide you in your trading decision. Also, as others also suggested, please don't sell the land. Yes, you are paying your tax now, but its value will increase thru time, and that is one tangible asset that is worth holding for. With bitcoin, we have no idea what will happen 5 or 10 years from now. At least you have tangible asset that you can hold onto when everything goes sideways.