BTC is the only long term holder, ETH, ETC and LTC mid term, probably you can add XMR too, everything else starts being insane risk tier.
fully agree with this
Topic: Overinvested - Hold or sell some positions at a loss? (Read 1139 times)
fully agree with this
sell slowly, when they go higher. do not sell right away. put some sell orders in the books, like 5% above, 10%, 20% above etc.
if you believe in them, you can also hodl.
last 2 weeks was a bear market. it hurts. doesnt matter if u had 10x, 10% down still hurts
if you believe in them, you can also hodl.
last 2 weeks was a bear market. it hurts. doesnt matter if u had 10x, 10% down still hurts
after weeks of going up up up up, the game has changed.... adjust your strategies in my opion there is nothing wrong with selling at a loss if you think you can make up the loss with a different crypto
goodluck with your portfolio.
goodluck with your portfolio.
I myself am quite heavily invested right now. Would you say it is better to get back into BTC or into some other currency?
For example do you recommend USDT?
For example do you recommend USDT?
I switched some coins to BTC, LTC and USDT. I closed some postiions partly at loss, but I feel much better now, especially the volatility is better. As long as you still feel comfortable I wouldn't close at a loss, but for me it was not the right thing because bitcoin were less than 5% of my portfolio. I still have all of the altcoins, but a much smaller amount. I think that guys' advice in this thread helped me a lot!
Forget about USDT. I was considering it in the past but Tether is a mess. Ever since the dollar ration when to shit a couple months ago it showed the first cracks of a possible collapse. Maybe it's useful for a couple of days but not anything beyond that. You don't want to be holding USDT when it collapses and you are stuck with them.
I myself am quite heavily invested right now. Would you say it is better to get back into BTC or into some other currency?
For example do you recommend USDT?
For example do you recommend USDT?
A USD wallet on an exchange is pretty safe, provided you trust the exchange. If you are unsure which to liquidate, do a standard 5% skim across them all.
I myself am quite heavily invested right now. Would you say it is better to get back into BTC or into some other currency?
For example do you recommend USDT?
For example do you recommend USDT?
I switched some coins to BTC, LTC and USDT. I closed some postiions partly at loss, but I feel much better now, especially the volatility is better. As long as you still feel comfortable I wouldn't close at a loss, but for me it was not the right thing because bitcoin were less than 5% of my portfolio. I still have all of the altcoins, but a much smaller amount. I think that guys' advice in this thread helped me a lot!
I myself am quite heavily invested right now. Would you say it is better to get back into BTC or into some other currency?
For example do you recommend USDT?
For example do you recommend USDT?
A USD wallet on an exchange is pretty safe, provided you trust the exchange. If you are unsure which to liquidate, do a standard 5% skim across them all.
I myself am quite heavily invested right now. Would you say it is better to get back into BTC or into some other currency?
For example do you recommend USDT?
For example do you recommend USDT?
Hey guys,
during the past months I made some nice profits, but since the end of May the value of my portfolio shrinks continously.
I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
Thanks in advance.
Regards
crypteria
during the past months I made some nice profits, but since the end of May the value of my portfolio shrinks continously.
I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
Thanks in advance.
Regards
crypteria
I too have stratis, waves, nem, ark and a few have gone down a bit BUT i'm not worried since I'll be holding them for 1-2 years once their projects are officially launched. I actually started to buy some more when the their prices dipped. they're very good, legit and active projects. theyre not P&D projects.
An example I'd share with you is when i bought LTC at a high price last May 5 and had to wait for a month before I got a good profit on it. Never sell at a loss with crypto (except for shitcoins that get P&D)
It's another matter if you need to liquidate your money now for rent or similar things (which you shouldnt have done in the 1st place)
Good luck!
You should sell your long positions if you realize you made a mistake, probably selling is better for you personally.
Rebalancing your portfolio (assets and total money) until you feel comfortable with it will help with your peace of mind.
In the long term being mentally strong is better for anybody!
Rebalancing your portfolio (assets and total money) until you feel comfortable with it will help with your peace of mind.
In the long term being mentally strong is better for anybody!
You can also place funds into less volatile holding areas, just in case you need to get them quick. Its just for your peace of mind on whats suits you best according to your own situation.
Thanks for all of your honest answers. Yes, it is true, it was really stupid not so set any stop loss orders! The reason for this damn decision was my bad experience while investing in XML. I was stopped out several times even when setting the stop loss 25% under the price. In the end I had a nice profit but it could have been much more -> welcome greed. So I made this bad decision not so use stop loss orders anymore trading crypto due to the high volatility. Another point is that I got influenced by many people on this forum and the internet in general who constantly tell to hold, which is for a crypto newbie - looking back - definitely not the best advice if you are overinvested like me.
However, I am relatively new to this market and haven't expected that there might be so many ups and downs in such a short period of time. At the moment I am only in green with LTC, because on the high I have switched many positions instead of taking profits into BTC or USDT. So now I have liquidated a part of my investments into BTC and USDT. Thanks again for all your ideas how to handle this!
However, I am relatively new to this market and haven't expected that there might be so many ups and downs in such a short period of time. At the moment I am only in green with LTC, because on the high I have switched many positions instead of taking profits into BTC or USDT. So now I have liquidated a part of my investments into BTC and USDT. Thanks again for all your ideas how to handle this!
How many of these coins did you make a profit off of? I would start slowly selling some of those off. Why not? The coins are volitile like you say, so sell them off at a high price and buy back in at a lower price. You've been watching them for a while, so surely you see some kind of trends in the volatility
HODL
You should always liquidate your positions slowly as the coin starts rising.. Liquidating slowly really helps manage your positions easily.. never be greedy
Hey guys,
I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
If you are considerably new to trading, try not to invest in so many altcoins, and start trading small first. If you are able to sell at a neutral price, then go ahead and sell some.I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
If the drop is too low, I would rather hold it than to sell it, its just that you have to be patient and monitor the price at all times, feel free to create open orders that allows you to sell at a higher price though.
I would suggest still to hold on to Bitcoins for now, and maybe only invest a little of it into altcoin trading. Bitcoin still has a lot of potential for growth in the long run!
Stick to a few coins that you trust and like will do!
Whatever lets you sleep well at night, that's what you should do. If that means taking a loss, do it, though I never recommend buying high and selling low. That's what stop-loss orders are for, but I assume you didn't avail yourself one of those. The coins you mentioned aren't the shittiest ones in the bowl, so you could still get lucky.
This is not my recomendation, just my personal experience: I have hodled bags, pretty heavy bags of what could be considered pretty much shitcoins, for 1+years, checking the portfolio daily, and it's pretty much guaranteed that your bag will get a good pump where you can unload.
The only thing you can do is hold or sell at a loss. BTC is the only long term holder, ETH, ETC and LTC mid term, probably you can add XMR too, everything else starts being insane risk tier.
The only thing you can do is hold or sell at a loss. BTC is the only long term holder, ETH, ETC and LTC mid term, probably you can add XMR too, everything else starts being insane risk tier.
You should sell your long positions if you realize you made a mistake, probably selling is better for you personally.
Rebalancing your portfolio (assets and total money) until you feel comfortable with it will help with your peace of mind.
In the long term being mentally strong is better for anybody!
Rebalancing your portfolio (assets and total money) until you feel comfortable with it will help with your peace of mind.
In the long term being mentally strong is better for anybody!
Hey guys,
during the past months I made some nice profits, but since the end of May the value of my portfolio shrinks continously.
I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
Thanks in advance.
Regards
crypteria
during the past months I made some nice profits, but since the end of May the value of my portfolio shrinks continously.
I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
Thanks in advance.
Regards
crypteria
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