Should I cash out and take the loss? - page 3.

acedia

sr. member

Activity: 532

Merit: 250

Quote from: Cryptocucumber on June 09, 2018, 01:58:45 PM

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!

your right. Do not listen to the forum participants, chats in a telegram. Think with your head, conduct your analysis and invest only the amount that you do not mind losing, and not all your savings. To enter the crypt at the beginning of the year was a hasty decision. I'm sorry. It is not necessary to panic. There is a great tip: invest and forget for a year miniium. Do not check your balance every day

Gurueconom

newbie

Activity: 140

Merit: 0

And why do you think that the coins that you currently have will never grow again? If you know any serious reasons, then sell your crypto currency, and if you only think that the prices for this crypto currency will not grow then do not sell it better.

grimjoever

newbie

Activity: 115

Merit: 0

well cutloss is the worst thing you can do right now, just hold and let's hope that market are going better in the end of the years. or even in a months

max1616

member

Activity: 434

Merit: 14

A lot of people started doing this with the imagination of being rich..But since the beginning of the year, he has lost most of his money..The market will of course improve..We just need to be patient.

izanagi narukami

legendary

Activity: 2030

Merit: 1028

Quote from: kristensoto on August 09, 2018, 06:44:24 PM

Now the market has not shown signs of recovery, Bitcoin and altcoin prices are still very low,...

It's still high since I'm 4 years trader.
Yes, it's going to continue downtrend except there are some goverment regulation that bring good news.
This is the risk that we must face but remember , the profit only for who shall keep hold it for no reason !

Dobriy 4el

newbie

Activity: 252

Merit: 0

it is very sad when you lose money! I have lost a part too, but I don't panic now, I believe that it will change and there will come good times when the market pleases us in green color. I believing that the cryptocurrency is the future

SirLancelot

hero member

Activity: 2576

Merit: 582

Leading Crypto Sports Betting & Casino Platform

Quote from: Azzhan on August 08, 2018, 11:29:40 PM

I don't think it's a game of luck.
The cryptocurrency market and blockchain still have good prospects, so you need to wait for the winter to pass.

There is no luck in the business and it is just a matter of mind and your wise decisions according to the prevailing market condition. If you do not make the rational decision, you are history.

What good will it does you if you sell your coins knowing it is going to cost you some good part of your money you have invested? Despite you should hodl and stay passionate about the investment. The market never remains in one situation and it has natural hidden abilities to approach back to equilibrium.

kristensoto

full member

Activity: 490

Merit: 100

Now the market has not shown signs of recovery, Bitcoin and altcoin prices are still very low, if you sell at this time you will not be profitable and will lose. I recommend patience and continue to hold. Because many experts believe that the market will recover at the end of the year and the price of bitcoin will increase. Besides, now is also a good time to buy. I believe that long-term investment in this market will bring a lot of profit to us.

hemendrachauhan19

member

Activity: 181

Merit: 13

It really depends on you. It's your money and your call. Or You can always HODL on and wait for the market to grow back and then take your profits. Roght now you can buy more and average out your positions.

liseff3

sr. member

Activity: 532

Merit: 255

I think the loss that you experience is due to carelessness from yourself both when you make a purchase nor when you sell it. When you buy crypto coins, it seems you yourself doesn't understand how the cryptocurrency works then you believe just like that without doing your own research. And when you sell it, it seems to be caused by panic, not based on sound thoughts (filled with emotions). You should be patient and believe when holding them, the two coins that you buy for sure the value will grow even if only for a moment

orangelemon

jr. member

Activity: 220

Merit: 6

Quote from: Cryptocucumber on June 09, 2018, 01:58:45 PM

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!

Yes do ASAP before its too late.

Kallipso

full member

Activity: 406

Merit: 101

It's up to you, of course, but if you have already done so go to the end. Many losses have reached 80%, but there are ways that help to recoup this a little, the main thing is not to panic but to work hard, and there the bull market will come.

Goruno

sr. member

Activity: 401

Merit: 257

If you have extra money you can hold it for a while. if you cash out now you must take a big loss .
you know this is a bear market for cryptocurrency and many investors almost spend money to buy more coins at this time.

Azzhan

member

Activity: 210

Merit: 10

I don't think it's a game of luck.
The cryptocurrency market and blockchain still have good prospects, so you need to wait for the winter to pass.

Cult

full member

Activity: 479

Merit: 100

Enter the future of gaming

Cashing out on an unpredictable market is like gambling. You can never be sure whether it's a bottom already or not. I prefer just hold despite the unstability.

komjhq

full member

Activity: 588

Merit: 100

Quote from: Luigi21 on August 05, 2018, 02:11:14 PM

If you can afford the loss and you need that money maybe the best decision is to cash out, but if you love the risk and think and trust the coins in which you have invested on you have to wait those will almost recover, in the market of the cryptocurrencies there are huge spike in price both in negative that in positive way

I know one single rule that always helps to avoid big losses than there is to date. First of all, no sales, Even despite the total fall of the crypto-currency market, you can always expect real prices for sale.

Luigi21

sr. member

Activity: 644

Merit: 262

If you can afford the loss and you need that money maybe the best decision is to cash out, but if you love the risk and think and trust the coins in which you have invested on you have to wait those will almost recover, in the market of the cryptocurrencies there are huge spike in price both in negative that in positive way

krauzzer02

full member

Activity: 378

Merit: 101

Consider the opinion of other people but don't go to the extent that you will take their advice without proper research from their shilled project, don't trust your money from random advice from random people online, it's your money you should be more careful, anywhere outside the forum you will encounter tons of advertisers saying their product is great, beneficial, X10 etc but it all starts with your own research and execution.

Mikado$

newbie

Activity: 170

Merit: 0

Quote from: Cryptocucumber on June 09, 2018, 01:58:45 PM

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!

Do not think about "moon" and run after a movement ready to see. Take control of your decision. Courage will not help you get back what you lost. But it is learning to work harder for dreams. Do not really define anything when you do not really understand it.

Question123

sr. member

Activity: 1624

Merit: 267

Cashout your money is not a good IDEA becaude you will get back your capital . If you want to get back your money you should hold your bitcoin and relax and wait the price to increase again to earn more money. Need to be patient on this year.

Topic: Should I cash out and take the loss? - page 3. (Read 2469 times)