If you're ~15% in the red, is it crazy to sell? - page 3.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: pundit on January 07, 2019, 12:40:17 PM

If one could have predict the top and bottom he/she could be the richest trader. I believe this is the right time to purchase and hold coins.

Thats true but thats also their luck. They were lucky to get into something that would become big in future so they did enter into it. But then there are big fails as well. Those who put in huge amounts of money into some altcoins but they could never break even. In that sense it becomes a bit of gambling as well.

Quote

If you have already bought some coins and those are giving you 15% loss , do not get panic such short dd is unavoidable during trend, wait for the market to recover.

This is relevant in todays price chart. Bitcoin took a >10% dip in price today and other altcoins dropped by more than 10%. Someone has dumped their coins in the market and its back to the previous support level of 3600 USD/btc. Some weak hands or some FUD news - cant really stamp any to the reason.

wayaneka

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In my opinion before trading you should be make risk management first by use stop loss for every single trade, for day trade we can use stop loss 5%-7%. But if you already loss 15% but the price already dumped hard about 90% from ATH level, so from technical analysis the price has potential to going up again. I think crypto market already oversold and soon or later will change to bull run because bearish and bullish just normal market cyrcle.

btc_angela

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Quote from: Harkorede on January 07, 2019, 06:43:55 PM

Quote from: sutil on January 07, 2019, 10:49:34 AM

Dont forget theres a USDT coin where you can hedge the value of your coins. Already sold my bitcoins while the price is still 7k.. I am planning to rebuy if BTC will land on 3.2k again.

What gave you the impression that Bitcoin ever come down to $3,200 again ?, I'd commend you for being lucky enough to sell at $7,000 but If I were to be in your shoes, I'll most definitely start buying back gradually now, because you can not tell what will be the extreme dip in price before the increase will begin, neither can you tell the extreme high price it could attain before it falls again.

Just for the record though, we never did imagine that bitcoin will lost its value from $19K->$3.2 (last bottom) so it's really possible and we are just like what $800 from it. My point being is that we should prepare for the worst at this point, the bear market is not yet done. Although it's been good this past couple of days as bitcoin touches $4K, no need to jump for joy as everything can happen specially how the price fluctuations in the last month or so.

Harkorede

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Quote from: sutil on January 07, 2019, 10:49:34 AM

Dont forget theres a USDT coin where you can hedge the value of your coins. Already sold my bitcoins while the price is still 7k.. I am planning to rebuy if BTC will land on 3.2k again.

What gave you the impression that Bitcoin ever come down to $3,200 again ?, I'd commend you for being lucky enough to sell at $7,000 but If I were to be in your shoes, I'll most definitely start buying back gradually now, because you can not tell what will be the extreme dip in price before the increase will begin, neither can you tell the extreme high price it could attain before it falls again.

hridoyb

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Bitgesell (BGL) Decentralized Cryptocurrency!

Quote from: bitmover on October 14, 2018, 07:29:43 AM

Nobody knows what will the Bott be.

Ethereum may never recover, and go to 10 usd or less.

I am holding , but I think its a highly risk move.

There is no shame in selling at 15% loss. Better than sell at 90% loss

Where you found this information that eth never recover?I strongly believe that eth price never down under 10$ but eth and crypto market green again.If anyone sells the crypto asset with 15% lost and invest other projects where he get more profit i think its best decision.I think never stay your asset try to trade and increase volume.

pundit

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If one could have predict the top and bottom he/she could be the richest trader. I believe this is the right time to purchase and hold coins.
If you have already bought some coins and those are giving you 15% loss , do not get panic such short dd is unavoidable during trend, wait for the market to recover.

electron-coin

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If you, as a trader, are confident that the price of a coin will continue to fall, then a sale of -15% is acceptable. You are right that it is better to sell now at a loss for that to continue trading and earning in future. The only thing to think about: Did you draw the right conclusion from this situation? Judging by your post, you invested all your money in one coin, and this is a blunder. You can't do that, because it leads to what you have now.
If you invested in different coins, then they probably didn't lose 15% of their value in one day, that is, you need to make a conclusion and in the future in such a situation, don't allow the drawdown of your deposit by 15% and act before you loss so significant.

sutil

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Dont forget theres a USDT coin where you can hedge the value of your coins. Already sold my bitcoins while the price is still 7k.. I am planning to rebuy if BTC will land on 3.2k again.

GrayFullbuster

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The correct answer depends on the situation. It is good decision to sell your coins even you are in 15% in red if the coin will go dip more. You can stop your losses and you can regain it by buying in the bottom.

Forbiddenone

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it is normal to loose fund and 15% is less ,in order to gain your loss fund you can trade other coin and try not to strict with respective coin thinking that price will rise in the future if you are not a big investor or big supporter.sometime it is good to switch coin as other coin can give more profit than current coin in nearby future.

mrdeposit

hero member

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It is depend on market conditions because market cycles are result of logic and emotion. If you gonna feel comfortable then selling is necessary action which you are supposed to do. By the way 15% is not considered big loss in my opinion.

Ipwich

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Student Coin

Quote from: ryzaadit on December 30, 2018, 02:49:54 PM

Depending on the market you should using a stop lose for your trading coin, if the market still continue bearish cutlose can be a option. Ignore the people say "You Lose if you sell", without Sell your asset already lose. Better to cuttlose and buying more dip.

You lose already if you think of selling but in day trading it's normal to lose, that's similar to gambling, you lose some and win some but what's important is that you have more winning bets in the end so you will be profitable. In trading it's a journey and you need to pay attention to the market movement to analyze it carefully then make a decision when you find an opportunity to get out at a lesser loss in order to enter in other market which you think will succeed.

ryzaadit

legendary

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Depending on the market you should using a stop lose for your trading coin, if the market still continue bearish cutlose can be a option. Ignore the people say "You Lose if you sell", without Sell your asset already lose. Better to cuttlose and buying more dip.

[btc]YSG

jr. member

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Yes, I'll consider it crazy... Why would invest at first when I know I can't endure the slightest decline and I wouldn't expect an immediate increase on investment, Good things do take time.

Lpim01

full member

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Truly it's crazy but it sometimes we need money that could force us to sell even were losing. It sometimes also it strike into our mind a certain question, why I'd never sell my coins when the price high? I'm losing right now, do I have to keep on holding?
It is really hard to decide specially when you are aiming to high.

lamadu3

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Quote from: ongkok87 on December 22, 2018, 02:44:35 AM

Quote from: Fury Road on December 21, 2018, 08:02:38 PM

if you see some signals for the future growth, than you can hold and wait a better price

if I myself would have been better to wait to return to normal to make a sale, because to get the results of the profit is certain, but if you make a sale that is still not perfect, the market conditions will lead us to loss. and that is certain

Yes, it is better to hold. The market has come close to the point when the bulls can run into it any moment. Better do not risk and do not sell the altcoins when they are so cheap - wait simply.

befriendmywater

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Quote from: thegoatiest on October 14, 2018, 06:25:41 AM

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so..

When you have no reserve funds, you have failed. In the area of investment, we not only have strategies, we need to have a financial management mind. We need more detailed and realistic planning for the next investment. Now you should only hold because the market will grow again soon.

rapsa2018

member

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It's better to sell early than wait until the price get drop and drop you will loss a big money if you dont aware is the price will going down.

gembirdprivate

jr. member

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If I were you,I wouldn't sell, I'd just wait. You are right to note: the price will soon rise. We can only wait

logicgate

sr. member

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Quote from: alentmay on December 25, 2018, 06:00:25 AM

Quote from: SlimShadyMmp on December 21, 2018, 10:58:03 AM

It will depend on the coin you decide to buy and the You in person so if you trade well and you now the coin Holding might be a good option but if you dont i will suggest you back away and sell at low loss than going so high and then crashing your funds out

I think it is now a fluctuating market and in this market if someone is losing in his coins then he have to wait and do not need to worry and to sell. If we will be in patience and will wait for longer time with our coins then the price of that coin will also recover and will reach to more higher value to profit the holders.

Yes exactly market is fluctuating and it is never been stable. So waiting and holding is better than taking risk to sell it but mostly people get emotional and sell their coins at panic which is crazy decision according to me even if the fall of 15percent is so miner for you but even then no need to sell just hold.

Topic: If you're ~15% in the red, is it crazy to sell? - page 3. (Read 2466 times)