I will never sell my Alts for loss: Prefer to take them to the cemetery!

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

Quote from: spike420211 on June 04, 2019, 11:20:00 AM

I'm not sure that you are doing the right thing, because the situation can develop in the most unfavorable way, and your stubbornness can cost you your money. You must be flexible.

This is a classic example of what happens when people get emotional with their investment. With any asset, be it crypto or equity, you need to know when to quit and cut your losses when something goes wrong. If a particular coin goes down continuously, then there is a strong chance that it may get delisted in the near future. What you'll do after that?

whirlcoin

full member

Activity: 602

Merit: 111

Quote from: jamesashmore1964 on August 14, 2018, 03:17:57 AM

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

taking the good time to selling is always important but in sometimes we cannot been control under in the confused state to sell or not that is the difficult situation everyone faced by their most selling time that can be cleared by someone properly.

spike420211

sr. member

Activity: 1610

Merit: 372

I'm not sure that you are doing the right thing, because the situation can develop in the most unfavorable way, and your stubbornness can cost you your money. You must be flexible.

Vishnu.Reang

sr. member

Activity: 1988

Merit: 453

I am holding some coins and tokens such as KWH and DAN. These coins have lost more than 99% of their value and they can't be traded (as the deposit fee is greater than their net worth). I would have deleted them from my wallet if such an option was there. But for now I can't do anything with them, and I am forced to keep them in my wallet.

lohladex

copper member

Activity: 266

Merit: 0

Am also sitting on a bag filled with TRX as well . I insisted selling at loss because i still believe in the future of Cryptocurrencies . Personally , it seems we share similar views and we are the class of investors Crypto market needed . It surprised me when friends was selling off their Crypto assets at huge loss last year . The Caliber of investors who sell at loss are not fit for Crypto market and we are thankful most of them are leaving the Space gradually . 2017 Hype attracted most of them into Crypto market when they do not have basic knowledge of how the markets works.

rockybar

jr. member

Activity: 224

Merit: 6

hahahahaha lol, that's true mate. I was holding also some of my coins for years right now. last year was a very sad year to crypto world. hopefully this year it can be recovered. as we can see that slowly and slowly cryptocurrency is recovering from the bloody year.

Gabali126

jr. member

Activity: 322

Merit: 2

Quote from: jamesashmore1964 on August 14, 2018, 03:17:57 AM

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

Please, Cemetery is not an option Grin

. It will be just best you sell and retain a part of your capital or investment than loosing it all. There have been coins that died and never resurrected. Bitconnect is one of them.

Lizzylove1

member

Activity: 858

Merit: 13

Christ The King

Before these days, I use to hold this mentality of yours, until my many ICO projects turned shitty on my palm. So I just take profit when it's reasonable to do so and wait for a potential correction to buy more, if no correction, I wait for it in the future otherwise, I just lock up the few I have left. If we are holding a good project we may need not sell for cheap.

cotton ball

sr. member

Activity: 1288

Merit: 253

Maybe you are one of the investors who holds a coin and survives even though the price is high whether by doing something like that you can get a big profit by only holding a coin with a very long period of time like the 2 years you mentioned, right? t it is better for us to follow price movements when we want to sell or buy back.

Nanagyasi

member

Activity: 336

Merit: 10

This decision definitely depends on the kind of altcoins you are hodling. From your statement, your altcoins have the potential to rise and so you have the courage to hodl. If you don't see a potential, you would be selling.

Wingzcrypto2018

copper member

Activity: 110

Merit: 60

Quote from: jamesashmore1964 on August 14, 2018, 03:17:57 AM

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

Don't say bitches, if they sell their coins it is their choice not yours. Not all traders are like you, and its too unprofessional of having a behavior like what you are showing it now. If you want to hold your cardano do it and no one stopping you to do that, and besides the market was unpredictable, in short they are volatile.

FlamingFingers

sr. member

Activity: 1344

Merit: 288

Quote from: jamesashmore1964 on August 14, 2018, 03:17:57 AM

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

Had it been you bought bitconnect at its all time high and they dumped on you, then you will know how it feels to cut loss when necessary, selling at loss sometimes pay, when you cut your losses and set a low buy order you might be lucky to sell high there by gaining your money back

Korkorjkk

member

Activity: 546

Merit: 11

There is a saying that goes 'better late than never'. It is better you sell your alts for peanuts than to take it to the grave. If you take it to the grave, then what's the use, when you could have some little money out of it. What's the point in holding if the coin has no value.

Adriano2010

hero member

Activity: 1414

Merit: 516

Some people will sell them if they can get some money if they see that not grow and not have a chance to grow, because they think better sell if they need urgent money, but i agree is not ok to sell on a loss.

Inosend

copper member

Activity: 299

Merit: 1

I get your point perfectly well, and I like your spirit. But not all can endure like you do or should I have have such heart to bear losses knowing fully well that it's assets price is going down.

Dicage

newbie

Activity: 32

Merit: 0

That's equitable, instantly is not the better age to deal your cryptocurrency reserves, you require to wait representing extension!

Dagdadar

newbie

Activity: 36

Merit: 0

At littlest thither 's no require to deal something instantly that the entire marketplace is in fall. Humans who deal at a release doubtlessly aloof despondency and miss ambition that thither desire be greater period. On the other hand when they approach and humans envision their wrong, they first to remorse.

Docbee

full member

Activity: 822

Merit: 100

Quote from: jamesashmore1964 on August 14, 2018, 03:17:57 AM

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

Don't take your altcoins to cemetery pass it to your relative or children if you have. You are right it's good to hold but do you know some coin is waste of time holding them, those coins may become worthless if care is not taking.

Pagri

jr. member

Activity: 112

Merit: 2

Unfortunately this capricious market has proved too cruel to people committed to supporting a project in cryptospace, at least that happens with most of those who have decided to invest in ICOs or participate in bounty campaigns, so that over time many we have learned the importance of occasionally having weak hands and allowing us to sell as soon as a good return goal is reached.

However, I also believe that selling tokens at a price as low as many of them currently have is not worth it, and we will have to carry them with us (by force) to the cemetery.

Mysteryla

jr. member

Activity: 420

Merit: 3

I am looking for an opportunity where i will be able to hold my altcoins for as long as i want, but the issue i have with most of them is that, they do not last for long. Most of the times, they have time frame in which they function at maximum capacity.
I am not being pessimistic, but the fact remains that a lot of them will not survive.

Topic: I will never sell my Alts for loss: Prefer to take them to the cemetery! (Read 3734 times)