do you think i should sell my coins to cut my losses? - page 5.

Seeker#9

full member

Activity: 658

Merit: 102

Quote from: vince212 on February 01, 2018, 08:33:30 AM

hi guys right now im hodling ada,nem,xmr,waves,utrust,ast,xrb,vib

my initial capital was 4000 usd.
i am down 50%.

do you think it is better to cash out now and just invest it to a safer investment like Land or stocks
i have a 7x 580 and 1070ti mining and just rely on that to buy cryptos?

or do you think i should hodl

It's better to hold your coins and wait for turn around but you need to be patient because it might take longer to bounce back. Holding the coins is still the best option than selling it while at loss. You should choose potential coins that are sure to give you profits in the long term. Even if they are all goes into price correction, they will surely go up in the future.
Crypto mining consumes so much electricity but if the cost of power in your area is cheaper then it's better.

blankpaladin

newbie

Activity: 210

Merit: 0

nope, don't sell it yet. My advise is you should hold it for now and wait until the value rise again. And I think this is the perfect time to invest because the value is low.

cryptocue

member

Activity: 252

Merit: 13

You are not alone but why you didnt set some cutloss before the bloodbath happens?most of the people who are getting rekt are those who doesnt know how to set cutloss/stoploss you can set it from 10-15% of your buying point,if you are confident with your coin you might not set cutloss or if you are holding it for a long term investment,but we should do cutlosses when the market started to dump.

moni44

member

Activity: 209

Merit: 10

let me give you my suggestion. are you still believe in your coins? or you have any issue or new that coin can't raise anymore?

if you get any doubt with the coin you have now, SELL. it is one way to throw away of the panic that is in your head. because it will annoy you every time. you have a big loss, yahh. but are you loss everything?

not yet right? my suggest hold that coin just HOLD. you loss, i know but don't panic the price maybe get down but some time it will get raise again so don't panic sir. if you still want to sell you coin. you getting loss so much then this. you buy new coin after you sell, are they coin get your profit back?
not sure yet.

Agozyen

sr. member

Activity: 672

Merit: 252

Until the end

Quote from: vince212 on February 01, 2018, 08:33:30 AM

hi guys right now im hodling ada,nem,xmr,waves,utrust,ast,xrb,vib

my initial capital was 4000 usd.
i am down 50%.

do you think it is better to cash out now and just invest it to a safer investment like Land or stocks
i have a 7x 580 and 1070ti mining and just rely on that to buy cryptos?

or do you think i should hodl

$2000 in land will get you nowhere fast.

Hold. It's what we all do. If you sell now and it goes up you will be kicking yourself for the rest of your life. Do not do that to yourself.

Indrawan77

hero member

Activity: 1274

Merit: 516

Its a tough choice for now, but if you don't need any money then just hold it, when things get better the price will up again, and it's your choice to choose crypto investment or a fiat investment, if you can't handle the pressure and want to play safe then go for fiat investment, crypto will give you more profit but it contains a great risk of losing money

TwoSides

newbie

Activity: 125

Merit: 0

Quote from: vince212 on February 01, 2018, 08:33:30 AM

hi guys right now im hodling ada,nem,xmr,waves,utrust,ast,xrb,vib

my initial capital was 4000 usd.
i am down 50%.

do you think it is better to cash out now and just invest it to a safer investment like Land or stocks
i have a 7x 580 and 1070ti mining and just rely on that to buy cryptos?

or do you think i should hodl

Looking at your profile, I expect that you are one of those who doesn't care about dips like this anymore. OF COURSE YOU SHOULD HODL! You bought those altcoins because you want profit so why sell them at a loss? Think a hundred of times bro. You have a miner, if you don't have a strong belief that coins will get over this dip anymore then diversify your next miner earnings and buy land or whatever instead. Stop looking at your portfolio for now so it doesn't hurt your eyes and heart. I bought ADA, XLM and TRX at their all time high glory but I'm still positive that they'll soon moon again.

DAVETUN

full member

Activity: 728

Merit: 101

Bitcoin is the currency of this age

News and festive season has a major impact on the price of BTC and Altcoin, generally the market red, do not panic,sure the "losses" will become green soonest.

xsaints128

full member

Activity: 420

Merit: 105

If your portfolio is down by 50% then you shouldn't be selling your bag because that would make you realize your loss. Just keep on hodling a few more days and soon you will see the market in the green again. Be Patient.

AhmadM

sr. member

Activity: 1008

Merit: 308

hodl is a better choice, coz almost all of altcoins has fallen down. if you want to get losses from your assets you can sell it now

Lerikaweb

member

Activity: 392

Merit: 12

The Fourth Generation of Blockchain in DeFi

Having lost 50% means that you shouldn't sell anything. Te only option is to hold and hope. you will not make much if you sell your cions, but you will multiply the risks of losing even more.

mrlovely22

newbie

Activity: 14

Merit: 0

There has been a big drop in the entire cryptocurrency market recently.
Because of all the bad news, the regulation of countries, facebook banning the advertising of ICO and so on.
All you need to do just hold.

braves182

full member

Activity: 476

Merit: 100

The BISTOX exchange - OWN WHAT YOU TRADE

if you're already in the loss of 50% , it is very risky to fix the price right now, the market may start to go up at any time. It is impossible to get into the heads of the big players and see how hard they plan to dump the prices. Calm down, everything gonna be great, just one more correction, after last summer dump it doesn't scare me anymore. So, good advise,just find you another occupation (temporarily) and don't look at the monitor.

Kubit

newbie

Activity: 32

Merit: 0

Never, but never sell when you are losing. Only if you need money urgently.
If you sell it at lost, then you lost money for sure. When you are losing and still holding
you have a chance to recover and potentially earn money.

bbmylove00

newbie

Activity: 18

Merit: 0

Same here, I will not sell in losses. The market is temporary down due to fuds and China New Year coming up in mid Feb 2018. I will hold on to my coins till the market recover.

nextel

member

Activity: 154

Merit: 10

Next Generation Agreements for Everyone on The Eth

No! It's a Big NO!!!
You'll lose more of your assets if you're going to let go some of your Altcoins and it's not a good idea that you're going to lose your assets just because everything is dropping.
In order not to lose a single penny of your investments and assets, hold on still and wait for a little while for them to pump back because this time we're on their way to pump back.
If you could just wait for another week or a couple of weeks then you're not losing any penny but instead you could even earn more.

Furgon Chino

member

Activity: 336

Merit: 13

★ Italian Translator ★

Right now is the worst moment to sell and since you've got quite a big loss already you should consider holding some more. It may take a month or more for the market to stabilize again since there's chinese new year coming as well but I think you would minimize your losses this way if not profit again if you are willing to hold the projects you believe in for the long term

Eddyc

sr. member

Activity: 1021

Merit: 391

It is in these moments that the market shows the strength of each one, it is in the difficult times that we become strong, in relation to the question, what was your goal on those $ 4000? on top of that, only you decide, for example: you have $ 1000 in a specific currency and in the current market suffered a loss of 75% and your fundamentalist analysis proves that it will not take its place so, so it's best to recognize the bad investment, and so on.

Freezingel

sr. member

Activity: 574

Merit: 251

That's quite a big loss you suffered, you probably enter the market when the bull is crazy. Always set a stop losses for every trade that you do, that way you can avoid things like this and never sell your digital assets if you still believe in them. You are already down so much so why not just hold through this and wait for your investment until next year, this is a long game. But If you are that afraid then I believe crypto is not for you and invest you money into land next time.

coinmgnet

member

Activity: 126

Merit: 10

Just hold brother, this is just a passing phase. You should know that if you sell everytime the prices go down you will end up losing not winning. Just stay put in this period.

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