Don't be like Bill - page 3. | Bitcointalksearch.org

hunnykaushal

full member

Activity: 448

Merit: 137

Quote from: talkbitcoin on September 28, 2018, 06:26:02 AM

Quote from: hunnykaushal on September 28, 2018, 04:52:50 AM

... never sell at loss....

this is the main reason why we currently have people who have lost more than 90% of their investment. first because they were newbies who had no idea how investment works and second because people like you have been encouraging them to continue holding even though they were losing money!

Look at very first line i mentioned, do proper research before investment.

Red-Apple

hero member

Activity: 1470

Merit: 655

Quote from: Iykecolyno on September 28, 2018, 06:48:33 AM

Always show people the other side of the story as well.

exactly.
unfortunately as of late bitcointalk has turned into a place to encourage newbies to become bag holders. there are at least a dozen topics each week (specially during dumps) that is telling newbies to hold, don't sell, have "patience", ... and all this time those who listened have been losing a lot of money!

Iykecolyno

copper member

Activity: 126

Merit: 1

Always show people the other side of the story as well.

The other side of the story:

This is Jill

Bill loves Cryptocurrency

Bill bought his favorite coin at $15, hoping to sell for $100

The next day it dropped to $8.5

Jill thought everything was OK that it will get back to higher price.

Jill decided to sell if price gets to $10.

Jill's token is now worth $7.

Don't be like Jill.

talkbitcoin

legendary

Activity: 1372

Merit: 1032

All I know is that I know nothing.

Quote from: hunnykaushal on September 28, 2018, 04:52:50 AM

... never sell at loss....

this is the main reason why we currently have people who have lost more than 90% of their investment. first because they were newbies who had no idea how investment works and second because people like you have been encouraging them to continue holding even though they were losing money!

NavI_027

full member

Activity: 1232

Merit: 186

In these bearish days, you only have two options: whether you'll wait for the next dip even how long it takes in order to avoid losses or investing now despite of the loss, hodl while the price still goes up and cash out when you finally recover your investment with additional good profits. Actually, there's nothing wrong whatever you choose from those two options just only make sure that it suits to your current status. If you have a lot of time for waiting then go for the first option but if you are afraid of missing the boat and always in a hurry then do the risk — go with the latter option.

hunnykaushal

full member

Activity: 448

Merit: 137

Always buy after proper research and invest in good projects and never sell at loss.

Topic: Don't be like Bill - page 3. (Read 489 times)