Selling for a loss to buy cheaper crypto? - page 2.

cryptopuma

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

Not recommended what if the crashes are only bear traps? you need some good confirmations about it before you do anything stupid from the start,normally when the bearish trend will happen most of the people are starting to sell their altcoins to get out fast or else you will get trapped within these coins for months if you are unlucky.But the thing is if you are sure enough that the bearish trend will continue you can immediately sell of your coins and before the bear has come so that you can buyback from the bottom,and you need a technical analysis to perfect that!

beehimneff

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Bad idea! There is a greater chance of losing even more! So it is better not to twitch, and wait for growth. Cool

Welckomtome

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

The situation can be very unpredictable .. If you succeed in selling and are even luckier and you will buy very cheaply then you will just be very rich

But if you sell your tokens and then they become drunk before you have time to buy something What will you do then?
The choice is always yours!

asayoyaasa

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I don't think so. You must be aware if you cutloss a coin to get more cheaper price than before, sometime If the that coin have been sold and the the price will be up. I know your purpose to get more coin, but I suggest you to hold it.

ichsan ardi

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

i prefer to hold then sell when market down. cause its still have a chance to normal again. and if u sell to buy another altcoin, it can be more loss for u if that coin have a fallin price in market.

0t3p0t

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

I actually did it and I was just like, oh! I am not alone since a lot of people are going crazy about this kind of decission. Grin

I am new to trading and that is what really happens when you want to invest in another coin or tokn but yeah as what others said it is too risky as market is so wild nowadays. Doing such thing without timing could result in loss but losing is just a matter of choice of course.

hotBriX001

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Quote from: petrovkirill808 on April 01, 2018, 11:27:46 AM

a dangerous undertaking, you can simply not have time to buy back.
the market is very unpredictable

Yes, it is a risky undertakings for your hardly gets coins to sell it even if you loss to buy any cheaper ones crypto. What's your purpose in doing it? You are just doing worthless investment if you do. We are here in this crypto world to get profit as much as possible that can paid off to all of our effort exerted. So think twice before you decide because it is exactly that market is very unpredictable.

Golftech

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Quote from: billyj111 on April 01, 2018, 12:29:25 PM

Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

I think that is a very good idea at the moment, but you need to be sure that you can buy cheaper because the market is changing very soon.

It's really a hard decision to make as we don't know what will happen next, each minutes inside crypto exchange creates tensions, so better to have
a lots of knowledge before thinking about dealing with this type of strategy, I already seen some successful stories about traders who deal with cut
and loss or sell and re-buy, but its not for everyone, it's for those who can take the risk and really can understand how to take advantage with certain
situations where they are finding other ways to earned.

sharkpc2000

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I think this is a bad decision because in the end you do not do a lot of profit and it's not a fact that if you sell the price goes in the right direction Wink

billyj111

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

I think that is a very good idea at the moment, but you need to be sure that you can buy cheaper because the market is changing very soon.

Koobtcgal

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Quote from: Coingram on April 01, 2018, 11:14:29 AM

Take a look at BTC purchase prices.. Now you can sell your coins/tokens even higher price than you bought it when BTC was 15K... I did like this and feel calm now

I don't agree with you that the price at which I bought my altcoins to btc is better now. Everything is moving together so it'll be better to hodl your coins as they are. Things have changed not like first when btc is falling, alts will be rising. I think it's time to but with fiat and not to change our holdings.

labake

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This idea is a good one up to an extent though, no one would predict the coin you are buying would surely rise in price in short period or long. It’s still a strategical risk to be taken. If it comes out to be positive, it’s a good luck and if it’s the other way round, someone would take it responsibly. Thanks

Shenzou

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

I don't think it is a good idea because high value coins that you have already invested in when their price was up, are more likley to start climbing up again than the other small ones that are cheaper, take bitcoin for example even if it is down at the moment when it goes up it goes up by 100 $ or 400$ a day but the other ones it might take them days, weeks or even years to change to 1$.

bitcoinking11

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Well, holding is better in general. But, in the current market situation, when the price has been dropping almost daily, it would be better to sell your coins for a small loss and buy later when the price dips even further. If you have got additional funds then you can continue to invest and follow this strategy for some time until the market stabilizes.

miyaka26

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

It all comes with a risk cause you didn't even know how long we're going to experience the cryptocurrency bloodbath and bearish market in the present, some people were going to wait how further the crash it will attain before buying again and that would be the favorable deal to take advantage while others are mourning from their losses and wrong choices, in the end, it's all up to you how are you going to react from the current market condition.

tycsols

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I think now its too late for that, just keep holding the good ones and as soon as market volume comes back the value of good alts will be back too.

Singwala

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Only one can do it is the pro really. Because it includes a big risk, So if you do it you are an exprence trader and you are ready to accept the risk you can receive.

Because you could fall as tokens purchased at lower prices.

Obi2024

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

If you are experienced enough to do that, it can pay off real good. But sometimes, things can go in the opposite direction, you need to have the heart to take the hit as well.

deadthings

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

It is possible and can give you fast profit, but if you want start try this way you must have nerves of steel, because it is very risky.

Now market is red, people are plagued in sadness, and can only wait when market start growing. Take it into consideration, nobody wants to risk more, especially now when their wallets are reduced by x%

Wxrhino

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Quote from: VenturaBro on April 01, 2018, 11:13:01 AM

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

It's actually not a loss until you sell it. It's very much like stocks, if you HODL and prices recover then you've lost nothing. Think of what happened to Costco stock after the Whole Foods announcement.

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