Sign Up

Captcha Click on image to update the captcha.

Have an account? Sign In Now

Sign In

Forgot Password?

Don't have account, Sign Up Here

Forgot Password

Lost your password? Please enter your email address. You will receive a link and will create a new password via email.

Have an account? Sign In Now

You must login to ask question.

Forgot Password?

Need An Account, Sign Up Here

You must login to add post.

Forgot Password?

Need An Account, Sign Up Here
Sign InSign Up

Find Authority

Find Authority Logo Find Authority Logo

Find Authority Navigation

  • Home

Mobile menu

Close
Ask a Question
  • Home
  • Recent Questions
  • Topics
  • Home
Home/Questions/Q 2055
Next
In Process
Lana
Lana

Lana

  • 3 Questions
  • 0 Answers
  • 0 Best Answers
  • 40 Points
View Profile
  • 0
Lana
Asked: December 26, 20192019-12-26T00:07:54+00:00 2019-12-26T00:07:54+00:00In: Business & Finance

What to do when the crypto portfolio is down?

  • 0

When the cryptocurrencies are not doing well and heading down, what should be done? Should I sell it?

Cryptocurrency
  • 1 1 Answer
  • 0
Answer
Share
  • Facebook

    1 Answer

    • Oldest
    1. Anthony

      Anthony

      • 0 Questions
      • 2 Answers
      • 0 Best Answers
      • 70 Points
      View Profile
      Anthony Level 1
      2019-12-26T00:16:55+00:00Added an answer on December 26, 2019 at
      This answer was edited.
      • Do nothing: In most cases, you should wait and be patient. Make sure that you do your technical analysis and have taken a position.
      • Re-evaluate your risk tolerance: Make sure that you reassess the risk tolerance, not based on emotion/feeling but through careful calculation.
      • Look at the big picture: Evaluate the bigger picture from both technical and fundamental aspects.
      • Research the fundamental reasons why the crypto is down: Make sure that why your portfolio is down. Not just the technical, but what factors are driving the trend such as back off of investors, regulation, scam etc.
      • Consider hedging: You can use various available tools for hedging
      • Diversify within crypto assets: You should rebalance the portfolio by selling one currency which is not performing well for buying a better one. Most currencies are exposed to similar risks.
      • Diversify across other financial assets: It can be a type of hedging. You can use assets such as bonds shares to distribute risk.
      • Add precious metals to the portfolio: Gold is particularly easy and saves to help you mitigate the risk.
      • Exchange with better crypto: You can swap the one which is not doing well by buying the one which has more potential. Again this would need thorough analysis.
      • Strengthen your current position: Even you should buy more if you think that the fall is a short term and there will be rebound. Warren Buffett is famous for buying more of a falling stock at cheaper prices when the markets drop.
      • Absorb the loss or quit: If you cannot absorb the losses, you can consider quitting the market.
      • 0
      • Reply
      • Share
        Share
        • Share on Facebook
        • Share on Twitter
        • Share on LinkedIn
        • Share on WhatsApp

    Leave an answer
    Cancel reply

    You must login to add an answer.

    Forgot Password?

    Sidebar

    Advanced Search
    Ask A Question

    Related Questions

    • Minu Bibi

      How big is the global ERP (enterprise resource planning) software ...

    • Tim

      What is the global market size e-commerce?

    • Leonard

      Is there any correlation between iron ore and oil prices?

    • Newman

      Is it worth the efforts to make money on YouTube?

    • Anna

      What should be the perfect exit strategy (plan) for COVID19?

    Adv 120x600

    Adv 120x600

    Explore

    • Home
    • Recent Questions
    • Topics

    Footer

    Find Authority

    Find Authority

    Find Authority is a professional networking and crowdsourcing platform which helps enhance members credentials and create opportunities.

    About Us

    • About Us
    • Careers
    • Contact Us

    Legal Stuff

    • Terms and Conditions
    • Privacy Policy
    • Cookie Policy

    Supprt

    • Help Centre
    • Badges

    Follow

    © 2020 Find Authority. All Rights Reserved

    Insert/edit link

    Enter the destination URL

    Or link to existing content

      No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.