Topic: Should I cash out and take the loss? - page 10. (Read 2512 times)
I think not wait for the pump but if you really need the cash money for your to sustain your family needs do it because feeding foods are very important than anything in this lives, but if not need to sell it and you have other sources for your daily needs do not sell it I suggest hlod and stay calm wait for th the pumping.
Yaaas! You should cash out and take a loss. No way you will regain back those losses. Crypto is dead. Don't wait for bitcoin and altcoins to shave another 50% of your money.
No way you will recover.
No way you will recover.
By now you must have been made aware of what would be good to do now. Just hold back with all the coins you have. I understand your emergency if any, but this is not the right time to sell for profits. You can sell though if it is too emergency. Change your mind. Be patient, try to buy as many coins as you can as all coins are much cheaper and invest more splitting the capital you opt. Find out the best coins those have good growth. December would yield you returns to your investment made now.
At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!
If you have that big loss nowadays that mean selling all of it will haven't got any sense, so just split it and if you need sell some part of it and other part hodl and believe that it could just come up.
i don't think that it's a good moment to cash out, we come from a great dump during the last two weeks and the market is starting to recover just now, you would probabilly earn amost the half compared to what wou can earn if you have te patience to wait some weeks, for example i'm holding a coin that has lost the 70% from february, now it's too late to sell, i would have too many losses so i've decided to wait for the right moment for cash out
At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!
You are right do not trust anybody in this forum. Some people are only saying that every altcoins are good and it can go skyrocket. But the truth is it will not. 
Only cash you if you severely need the money. The market always goes through downtrends and always picks back up,m this is nothing new.
If you bought cryptocoin when the price is very high and the price decrease and you will lose some of your money. I suggest don't sell it or cashout it. Because until now we have a chance the price to recover and if that happen you can get baxk your capital and you will gain profit also. But it's your choice if you want to sell right now or not.
I think that selling at this point is the biggest mistake that you can make actually, why are you gonna make that? there is no reason for selling just now
At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!
Common mistake of some newbie investor which they do easily believe on shills that they do heard of from other people specially that common line "Buy this coins 10-100x profits later on". These kind of lines been said for thousand times and if you arent aware then most likely you would end up on believing and purchasing on the coin they are talking to. In result? You would be a bag holder of a shitcoin for the rest of your life. Taking or accepting the loss? Its your choice but if you do still no need of money holding would be still a considerable move to make.
i would never cashout and take the loss , but its your own desiccion !
crypto will raise ... but the question is when and how mouch ...
give the hole thing a little more time
crypto will raise ... but the question is when and how mouch ...
give the hole thing a little more time
At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!
I usually have a stop-loss limit where I pull out and take the loss. This point varies, depending on the prospects of what am holding, the market situation and sometimes purely personal situations.
Most advice against cashing out, and I also endorse that as patience is a key quality necessary in crypto.
The final decision is solely yours.
Most advice against cashing out, and I also endorse that as patience is a key quality necessary in crypto.
The final decision is solely yours.
Never trust other's opinion on a coin, I'm with you there. Always do your own research. Nobody knows if a coin is going to double or 10x. Crypto is definitely a risky investment. I am currently in the negative of my investments as well. But I'm not looking to cash out.
The way I look at it, is if you believed in crypto or a project at one point, this recent bear market shouldn't hurt your belief in it. The market is very violatile. As much as it hurts right now, the market will bounce back up. right now we are probably at about as low as it could go. So personally I don't believe selling now is a good idea. If you for sure want out of cryto, at least wait for the next rebound and bounce back up.
The way I look at it, is if you believed in crypto or a project at one point, this recent bear market shouldn't hurt your belief in it. The market is very violatile. As much as it hurts right now, the market will bounce back up. right now we are probably at about as low as it could go. So personally I don't believe selling now is a good idea. If you for sure want out of cryto, at least wait for the next rebound and bounce back up.
When you get into the cryptocurrency network, it is like a do or die game. The decision is in your hands, the market always keeps you in a dilemma what needs to be done next. If you are with plans to end up the cryptocurrency investment then you can do it anytime, but you expect something good from it. Then, it's not the right time to do, just have patience all that you've invested is upon potential altcoins.
Sorry to read about your loss. How i read it you bought the alts around the same time, spreading it to buys once a month would had save you here [you had bought lower or not at all seeing the price fall]
May you invest again in crypto im sure you will do way better now knowing what the risks could be.
May you invest again in crypto im sure you will do way better now knowing what the risks could be.
No this not the right time to sold, have a faith and keep on holding the bitcoin. We all now need is patience only, all are expect market will recover soon. Now the price of all coins are very low, just hold the coins for long term once the market returns automatically the price of bitcoin will increase. So dont get panic about the current fluctuations instead of that just keep hold on with patience.
This bloodbath days will pass and soon better days will come. Have you not triggered a stop loss from your strategy? Upon entering the crypto currency market, you should've included in your strategy a stop loss and your own target price. A loss of 70% is already on a point of no return. If you will be seeing the coins you have invested in to reach another ATH, you will be crying again for selling at a loss. My advice, buy in parts thru cost averaging method.
There is always the risk of losing money when you invest in cryptos.If you can HODL,you MAY be able to see some price appreciation
You still can wait, next year will be a significant gross of crypto. Don't be the one of the crowd, who were just afraid.
Just a little time wait and things will change for better.
Hold)
Just a little time wait and things will change for better.
Hold)
I don't think you should consider dumping your coins as of now. You should at least wait for the Q4 before deciding and concluding that you have lost your money. Good things may come in Q3 - Q4 and you shouldn't worry if we are at red right now. Red market is just a normal phenomenon when it comes cryptocurrency. And you should also state what coins are holding right now so the people that will read your post may know if you really have a chance of earning a profit or not.
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