Cut losses - page 8. | Bitcointalksearch.org

bohr

sr. member

Activity: 994

Merit: 257

Quote from: BlackBoxRecords on September 02, 2018, 04:51:24 PM

Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Too late, now it is time to hold, frankly if you did hold at 300 why don´t you just stay to see if you can gain again at least what you´d put into it.

I also think it is simply too late for him to sell his coins but you must understand that people are under a tremendous pressure right now and if that was not enough the price is going down again and ethereum is below 200 dollars at some point people will break and will sell their coins even if they know that is a mistake because they can no longer tolerate the thought of losing so much money.

Vicodin

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Power the World for FREE

Quote from: aggress0r on August 26, 2018, 12:18:30 PM

Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Selling right now is a wrong move, the ETH maybe go lower but it will return. ETH is a kind of an asset that will grow, you bought it at the not so high price, somebody bought it at $1000 and continue to hold.
Selling now won't give you possibility to buy back enough - the losses are huge to my mind. You better hold!

I agree, why would you sell now? Only if you do not believe in the technology and it's future, but then why did you buy it in the first place. The fundamentals are still strong, despite the low prices. 99% of ICOs are on Ethereum and that will not change soon.

Ariess

sr. member

Activity: 546

Merit: 250

Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

I think if you have other capital, you should only buy it and not sell assets. You can make purchases in amounts greater than the first investment for ethereum. Short trading can bring fast profits. or you choose the holding option.

raider150shifter

jr. member

Activity: 126

Merit: 1

Bad entry, you should have set stop-loss around 500.
I don't think that's a good idea, why not let it be? hodl.

babarian

full member

Activity: 658

Merit: 100

Quote from: TUMAS on August 24, 2018, 08:09:51 AM

Should I hold what I have and wait till it its over 600 so?

if you really don't want to experience a loss then that's the only way you can do it. you can save it until the ethereum price returns at a price of $ 600, even more if you want to make a profit

cryptomanspbmgdn

copper member

Activity: 308

Merit: 0

it was necessary to sell at a price of 550-500 and wait for clear signals to buy. Now to do this makes no sense, you have to wait..

xiwanfd

jr. member

Activity: 124

Merit: 1

Don't panic. Soon the market will settle down and everything will be fine.

Now selling it and buying it back will cost you a lot of money, and I would suggest you take your COINS and trust the price to go up again.

Vilka0109

newbie

Activity: 45

Merit: 0

Don't panic , and don't sell your Ethereum at that price . It's not the beginning of the end . Just wait until the market stabilizes and the price goes up . According to forecasts of many-it has to happen in the fall-winter

datento

newbie

Activity: 406

Merit: 0

Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

I belive you bought ETH at $600 to HODL for a long time. If yes then forget about selling now. it will go up in the near future. But if you are trader, i expect you to have cut your loss long time again because at this price, the loss is to hard to cut. i will advice you to still ETH till the end of the end. I believe, it will still come up.

Bumidinasty

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Activity: 373

Merit: 13

It depends on you whether you are a long-term investor or a daily trader, if you are a long-term investor you don't have to worry about eth prices going down because the price will someday rise, if you are a daily trader, of course you have to determine how many percent must cut lose so as not to experience too much loss and learn about money management

tee-rex

hero member

Activity: 742

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Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Losing over 60% of your buying price doesn't validate selling what's left. Now you'd better stick to your coins and wait patiently till the trend reverts, and it seems that we may be well on our way there. If you urgently need money, you can sell as much as you need. Then, when you have fiat, you can buy back what you have sold, and still more so if the price continued to go south.

Moreover, you can always diminish your losses by selling at local highs and buying at local dips. Even if you end up with only 70-80% of the amount of coins you started with at your entry price, it would still be a better outcome than losing all. Always remember that. And don't be penny wise and pound foolish.

Barbarian

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Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

No one can tell you what to do with your money, that is a very personal decision, do you really need that money did something happened and you need that money desperately? Then sell your coins and get your fiat, but if you do not really need the money it could be a good idea to keep holding your coins.

theyRmose

newbie

Activity: 128

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Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

for now you should keep holding and waiting for the price to rise above 600.

V0ldemar

copper member

Activity: 196

Merit: 0

Until you sold, you did not lose it. After selling the cryptocurrency at the lowest price, you immediately lose investment and not the fact that you can then buy more and cheaper, often the market deceives us. My advice is to hold.

Riki31

member

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As for me I would not change the Ethereum on some other coin, and more over if you bought it per 600$ for the Ethereum. The only thing that I would do, I would play on the falling in price in pair with the USDT or Bitcoin.

titan20

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Activity: 427

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Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

In my opinion, it is better to hold and wait until the market starts to rise. I personally would not sell at a loss of 50%. At least I think so. The market will soon begin its way up.

supahlovah

member

Activity: 224

Merit: 10

Quote from: CoinCollect on September 02, 2018, 06:08:58 PM

If you bought Ethereum for $ 600, then now if you buy Ethereum for $ 300, the average cost per Ethereum coin you get $ 450, that is, you will reduce your loss at the moment if the cost starts to rise.

I am doing this now and I think this is very wise idea. I bought my ethereum for 550 and I am buying some now - and I really hope that it will grow more!!

bbcolex

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Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

not good , if you're cutting loses at this stage its better to wait for atleast eth to go back to 400$ level. Selling now would cost you so much , but if you think eth will go down futher then its your choice to sell but for me its not smart to sell now at your status.

four199

member

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I think in order not to lose your money, you just do not sell your money now. Come back after six months and see how prices are going up.

CrimBit

hero member

Activity: 672

Merit: 500

Quote from: TUMAS on August 24, 2018, 07:58:57 AM

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Why do you sell it if you will buy it back at the same price? in my opinion it's foolishness, you better collect more capital to buy more Ethereum at the current price, if you buy more Ethereum at the current price, with a slight increase you can cover your losses.

Topic: Cut losses - page 8. (Read 21613 times)