I will start off by saying that I'm a novice.
With that being said I would use the ETH and buy something else that is currently devalued.
My motto is everything is on sale until we're back to a bull market.
Topic: ETH to USD loss but ETH to other coins not (Read 91 times)
So eth is tanking, just like everything else.
I have a small dilemma. I had set a low ETH order of like .5 ETH on GDAX a while back at $700. Figured it would do a bounce and I could make some quick turnaround money. $30-$50 or so. I already have my holdings and mine more so this was cash I had just sitting there.
Well it didn't and I forgot to set a stop loss. Call it lazy and distracted. Anyway, 2 things.
Should I just cut the loss of about $120 right now back into cash (again, this isn't my holding stuff) and call it a learning experience or should I just take the ETH and look for deals to switch it into?
Technically, I haven't lost any ETH due to the drop in USD trading does that mean I technically could put it into EOS or something else to diversify and have less risk and a greater chance of gaining back my ground?
Basically instead of selling and confirming a loss, I buy something else that I think is on sale right now using the ETH/COIN basis rather than the ETH/USD basis. So even if ETH comes back up, I have diversified into others I think will go up more.
Is this making sense?
I have a small dilemma. I had set a low ETH order of like .5 ETH on GDAX a while back at $700. Figured it would do a bounce and I could make some quick turnaround money. $30-$50 or so. I already have my holdings and mine more so this was cash I had just sitting there.
Well it didn't and I forgot to set a stop loss. Call it lazy and distracted. Anyway, 2 things.
Should I just cut the loss of about $120 right now back into cash (again, this isn't my holding stuff) and call it a learning experience or should I just take the ETH and look for deals to switch it into?
Technically, I haven't lost any ETH due to the drop in USD trading does that mean I technically could put it into EOS or something else to diversify and have less risk and a greater chance of gaining back my ground?
Basically instead of selling and confirming a loss, I buy something else that I think is on sale right now using the ETH/COIN basis rather than the ETH/USD basis. So even if ETH comes back up, I have diversified into others I think will go up more.
Is this making sense?
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