Cut losses and re invest? | Bitcointalksearch.org

zxl912157

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Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

I think you should back up if you have more capital to get a lower average price.
So if you buy it in 800 sats and backup it 400 sats, then you can sell the coin above 600 sats. Do not waste your money.

drew314

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Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

That might be a good idea, selling tokens to cut bigger losses and reinvest while the price is very low. But when you are dumping, the price will drop and what if the price will not recover? You will lose bigger money because you invested twice.

cocodanco

newbie

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Can be done, we sell altcoin the purchase price of altcoin. We slam the price in order to buy altcoin with new price. With consequences willing to accept loss.
In the hope of reimbursing profits from the new price altcoins.

granchio

full member

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In my way of thinking, ''cutting losses'' would be just ''panic sells''in this term, and this kind of sellings never bring you profit. In my opinion, holding is the best choice for this term, if you have coins or tokens.

francojon

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That is not a bad idea really, if you have lost 40% you can still recover, but if you hodl to death and have even more losses, then you will never be back on your feet. Your choice.

lanafilonova

newbie

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You don't know how the price will move on. It all depends on chance. So you either earn or lose money.

Dmitry_K

member

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Yes, sometimes this is a good strategy when you need to fix the losses and start investing from the very beginning and again look for a good time to enter the market.

eye-con

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Binance #Smart World Global Token

Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

if you want to re-invest, you can sell your tokens, but its hard if its price will pump. for sure, you will regret your decision, its better if you just hold it, and have another capital to invest for another altcoins.

sisjow

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Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

if you are sure that's will be rise again just do it. but if not, Just wait and hold. Maybe it takes few weeks, maybe few months or maybe a year, but you will get profit anyway.

jacafbiz

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Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

I don't know why people always behave this way, there is difference between investing and trading, if you are investing into Tronx just keep it long term but if you were trading and the price dumped on you, then you should have include sell limit. One thing I see in the space now is that alot of people are gambling with their money instead of investing

mammoniter

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Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

You shouldn't have bought it at its highest price because you would really have a hard time trying to make a profit from it and more if you decided to cut your loss to reinvest to other altcoin. Just wait for it to recover then start a new investment, this time choose a better altcoin.

Sman2546

newbie

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I do not think what you want to do is a good strategy , 80% of alts have lost value after the bull run. My advise is look for more funds and buy the dip so that you will easily reduce your entry point.

nawosecad68

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Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

In investment requires patience, now almost all markets are at a low price, wait until the market recovers. However, if you are 100% sure to do so at the risk of loss, why not? which obviously you should be more precise in choosing not to lose a second time.

Crytptomeniac

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It is a good thing to cut your losses and reinvest but what I ask myself is what if I cut my losses and sell to wait for the market to go down before buying back in again, what if the market keeps going up and I just keep missing out. What ever works for you though is what you should do and if this is it, then do it.

awongs

newbie

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Which if you want a lot of luck at least you have to hold and hold your coins, making it a long-term investment. Do not be too hasty to think of cutting losses unless you really are in a needy position and need money for necessities.

svobodnyi

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I believe that it is worthwhile to wait until the bull market - there is a possibility that the price tag will touch the previous top, and you will sell everything

DabsPoorVersion

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#SWGT PRE-SALE IS LIVE

Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

you can sell those if you want, but Im sure you will just regret it like I did, I have a lot of TRX last november, and Im eager to sell it immediately because its price is too low, but after a month, its price is starting to increase slowly, until it reach its all time high price. I regret every actions I did that time, so think twice before you make a move.

Cookie Man

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I think that would b a rush decision to make if you simply cut the losses and sell, not all coins will be stable for ever, there is always a time when the value decrease, now if you wait a little longer, you might get the chance to make something off it, But if you are certain of your next investment then go ahead and sell.

the13thsymphony

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If you have other plans and you are really sure in the move that you will make then sell your coins then and start your trade specially if you know what you are doing. I would highly recommend to think about it carefully and make strategies for you next move. If it goes well the you can get back your capital when you bought your crypto when it was in its highest.

sparg

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Quote from: TUMAS on April 24, 2018, 08:23:06 AM

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

In cases like this, the obvious answer is to hold till you get at least to your entry price.
You are fortunate because you invested in a strong coin with a big future and I believe that if you will have patience you will get your money back and some nice profit.
We all had experienced losses in this period and those who will have the guts to hold will be those who will get through this period with success.
These are the times where experience says it a word.

Topic: Cut losses and re invest? (Read 470 times)