I have DOT in my portfolio and it is down 79% as of today. The amount I've put there is quite big for me. The average buy price per DOT is 25.80USD. The price of DOT today is 5.38.
So the question is what are my options to rescue the money I've put into it? Is there anything I can do or I just wait?
waiting and not selling at the current price can help avoid losses in case the DOT price drops. Because holding assets for a long time is a smart and effective investment strategy that achieves profits. Especially for assets like Bitcoin, being patient and not selling properly during the price drop can allow you to enjoy positive changes later. Besides, you can analyze and research thoroughly about other cryptocurrencies which is also a good strategy, to take advantage of the opportunity to increase the price and consider investing your money in potential assets. Offsetting that you are losing your current DOT investment.