Bought BCH @ 0,20580002 - Should I sell or hold?

Cryptoraptor

newbie

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

Hold. Forget about it for a while and obsess over another coin for a while. That's what I do. Just check upon it every so often.

Saoha

full member

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

I do not really like BCH because of excessive instability. However, I will not be able to negate the future of the BCH because China will make BCH catch up BTC in the future. I do not hope so because with me altcoin can't compare to Bitcoin; but China they will do. I think you should keep!

holdingkrypto

jr. member

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I am not optimistic but I would wait. I do not believe in bch but, when there is atleast a bit space for hope, I never sell at loss.

949miner

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Why would you hold this coin? honestly, i dont see any future for bitcoin cash, there is no way the price could be equal than Bitcoin, it is impossible.. bitcoin cash is an useless coin, it does not have any features, any usage, nothing. It was free money that came from the sky, why are you still holding it? dump them and buy profitable coins with that money, that is the best move.

Dutchyyy

legendary

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

You are the first person I've heard of buying BCH. I dumped mine around 0.18 and never looked back.

I could suggest you to post selling order on the price you bough it and wait. But may need to wait a lot. If you are OK with a small loss, put selling orders on 0.17-0.18. This is a pick price from time to time.

naidray

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

Unless you feel you need it for something urgent, I would not advise selling now after buying at that price. Just chill and hold for long term if you do not really need it now. However, if you are a trader, note the last highest peak from the chart and the trend and see if you can sell at that point. Hopefully it comes down again and you can buy more. If you do this gradually, you may end up at least recovering your losses.

MMysterious

sr. member

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Bear season or just the beginning

If you bought it at a peak price then you should just hold it, I'm not a fan of BCH but I think in trading you should wait for the coins to go at its lowest and buy them and then sell them when its at its highest price or if you think you already gained profit from the increase.

Red-Apple

hero member

Activity: 1470

Merit: 655

based on the two numbers you gave us, you have already lost 41.46% of your investment! that is not a wise way of investing in anything. you should seriously learn about what stop loss means.

you buy something and if it loses a percentage that you are not happy with (like 10%) you dump it and stay out until it reaches the bottom. unless you think 10% is the end of the line and is the bottom which obviously is not about BCH and it went lower.

right now it is too late though. if it is not such a huge investment you may continue holding. who knows maybe you got lucky.

rayk

full member

Activity: 448

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It depends on your principles, I personally hold it. I think it could not be a bitcoin or take place of bitcoin but it is very good coin indeed. You should definitely hold it.

ruffles2016

sr. member

Activity: 475

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Presale is live!

I think you should hold bitcoin cash as you hold your bitcoin or ethereum. Noone can really guess what is going to happen with that one fork coin. You may regret to sell in future.

pereira4

legendary

Activity: 1610

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

Your first mistake was buying BCash. Why would you do that? As a Legendary member, I assume that you had a decent amount of Bitcoin, which means you received a decent amount of BCash. Well you should have dumped that when the situation was right, get your profits and leave. I don't understand why anyone would gamble by buying BCash, a coin that is a mess since day 1 and is mined by someone that we don't even know (possibly Craig Wright) which owns more than 50% of the hashrate. Why do this to yourself?

Never lose Bitcoin with shitcoin trading. I guess hold until there's a pump and then dump it, or just take what you have already and forget about it.

Buckwheet

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r u joking? I thought you are a legendary member and stay in this forum for a long time u r millionaire now as I guess

the rise

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Quote from: Seansky on September 20, 2017, 03:47:31 AM

Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

You should keep holding it and sell if bch goes above your buy price or reach the goal you had in mind. It still has a lot of potential in it and keep in mind that bch is forked from btc and is in the list of the top coins in coinmarketcap so it is unwise to just sell at a loss right now. My opinion on it right now is that it will be like etc for ETH so it will always have a value and is not just a shitcoin.

I believe bch has its own fans and it's not easy to collapse, but it's better to sell bch to buy coins like, dashcoin, lite, or even bitcoin, they can give you a bigger and more stable profit, I've long sold bch, and not be affected by whatever is attached to them, it is better to move and keep moving forward.

TRILIUNER MUDA

newbie

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BCH have good future
just wait until roger ver make big news for bch

Seansky

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

You should keep holding it and sell if bch goes above your buy price or reach the goal you had in mind. It still has a lot of potential in it and keep in mind that bch is forked from btc and is in the list of the top coins in coinmarketcap so it is unwise to just sell at a loss right now. My opinion on it right now is that it will be like etc for ETH so it will always have a value and is not just a shitcoin.

JPMoron

full member

Activity: 157

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Noooo, HODL.
I think the proce will be higher later.
I also HODL some BCC.
It should be more later

arbitrage

hero member

Activity: 560

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Quote from: blakeh on September 18, 2017, 08:15:50 PM

I think BCH will reach >$1000 USD again in the future, it is only a matter of time. Patience my friend...

You never know when will some coin be pumped and dumped, especially if already been in focus of many investors. Those coins didn't disappeared they changed the hands only. If you are been caught in this game, you do not have much choice, sell or wait. My advice always is to wait. Coins have their cycles and if you wait you can pass those coins to someone else at some point. My opinion that this is totally pointless coin won't change fact that people love trades and manipulations..So if you apply basic principles of greed you can know what gonna happen next.

pawanjain

hero member

Activity: 2702

Merit: 716

Nothing lasts forever

That depends on you whether to hold or not. You can decide it based on your principle amount.
If the amount you invested is high that means that you will be suffering from quite a big loss and in that case the better thing to do would be to hold. If the amount you invested is low then the loss will also be low and in that case you could sell your coins to minimize the loss.
If you don't want to go through any loss then the only thing you can do is hold until the price recovers.

HPC1984

full member

Activity: 147

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

Maybe you should look at it in terms of $ value, not BTC. Might help lower the mental anxiety.

For instance, if you bought the start of August top 0.2BTC was worth around $540, so pretty close to what it is now ($512 right now). Trade out, call it a small loss, research day trade coins and try again.

If you bought the mid-August top, it was worth around $825 so you've got a tougher decision...hodl and check back in a while...or trade out and call it a learning experience.

X-ray

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Quote from: CrackedLogic on September 18, 2017, 01:24:27 AM

Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?

Looks you were buying it at the high price, As far as i know i will choose the shit coin like the assets token to do a day trade rather than the major coin with a little volatility such as bitcoincash, and cut loss may become a better for you as long as you can try to put the amount in other side to do a day trade. to recover your lost.

Topic: Bought BCH @ 0,20580002 - Should I sell or hold? (Read 1002 times)