Topic: Should I cash out and take the loss? - page 6. (Read 2469 times)
don't sell the coins in loss it is nt advisable at all market will recover then u can sell the coins in profit
If the current time with the investment in BPT and PRL losses 75% of the investment, then you should sell to be able to invest in other cryptos to make the profit to compensate for that loss. I recommend investing in ETH to make the long-term profit and low risk.
Basically you may decide to cash out, with some notes that your portfolio has no potential to rise. But you also have to be prepared with the consequence that you could lose a profit that might come up in the future. However, if your portfolio is only bitcoin, you have to hold it. No matter how long it is, bitcoin always has the potential to return to the top.
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 shouldn't sell your coins for a loss never and this is the major rule in investing that never sell your investment at a loss, no matter the time interval it will surely come to profit you in the future. And I am also following this by investing in those coins which came at a low price at the point of dump and when the Altcoin prices will start rising then I will sell those investments.
It's important to understand why you are in a loss in the first place and what led to you being in your current situation where you feel you need to sell and salvage what you have left. It appears that you haven't done enough research and gone a bit overboard in terms of certain high-risk coins. If you had adopted a more balanced approach, you wouldn't be in the predicament you are in now and would be able to comfortably hold until your investments recovered.
75% is a heavy loss. You should sell all of them if you lose more than 20%. But do not know for whatever reason you decide to keep it. You should forget about it and hold. Because now you sell, you almost lose completely. So just forget about it and keep it in the future. Will make you happy if you have enough patience
People on this forum give a lot of advice, but before you take advantage of these tips, you must conduct your own analysis. Most likely you wanted to earn quick money and that's why you invested in these tokens. If you were not greedy and invested in more promising projects, you would have earned.
Yes, you have done right by booking the loss and taking out the cash from the losing cryptocurrency by this way you are at least not losing everything on a single trading cryptocurrency pair. But be careful next time because here you have done a mistake as you didn't traded with a proper trading plan and trading without a plan is really a bad idea and you should avoid it.
Since the bear period was started many of us here in the crypto space is crying out loud to express the feeling deep in our hearth, but some are brave enough to face the volatility nature in crypto space by keeping their coins intact as a preparation if the bull will overrun the bear, in a very needy situation ,there is nothing wrong to cash it out for the daily needs or emergency use as long that it is your decision to halt but bear in mind that it might be also losing a chance to recover your loses if the current value is continuously taking in progress, I think you should think about it.
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!
Well some of the mistakes you have made are generally the most common ones made by new people in crypto.
Firstly it always important to do your own research especially when making investments into alts. Most of the people on social media are primarily only talking up a coin because either they are being paid to do so or they are heavily invested into it themselves and are just trying to create fomo and jack up the price or perhaps are just trying to find people to dump their own coins on. The tone of your statement also implies that you may have invested to much of your money into crypto or amount that you are to uncomfortable to lose. Again the most important rule here is to never invest more than you can lose.
I would say that patience is best way because if we panic to sell what coin you had especially now a day that the price was low you are a looser.Just be patience to hold until the price of your coin will recover so that you earn profit on that.
You don't have to trust anyone. Many people say that there are good projects that they were given money for advertising or because he has tokens of this project. We need to invest very carefully.
if you will have a small loss and you needed the money badly i suggest you cash out already rather than waiting for bull market that will surely takes time and youll end up having bigger loss.
One thing that is just as bad as loss is regret. If you cash out now you will miss the biggest bullrun in history, if you can handle regret then go ahead to cash out, otherwise stay in the game just a few months more
If you have bought tokens then I suggest you calm down and hold them for a long time. Do not worry, the market will recover and you will get high profits.
if you have decided to sell your assets and you are ready to lose 75%, then do that, you do not want to lose all your money, so your step is very precise. I agree with you, you should not trust anyone in this forum, because no one can guess which coin will give you a profit, it's just a matter of luck.
This forum should not make an establishment. here you can get the actual preference. because indeed we must be able to adjust to our knowledge and experience. can not be the same as others. 
I think if you get stuck like this and desperately need money then you just take the loss you are experiencing, but if you do not want to lose then you should hold until the price back up, because if you sell when the price is cheap you will regret and lose.
if you have decided to sell your assets and you are ready to lose 75%, then do that, you do not want to lose all your money, so your step is very precise. I agree with you, you should not trust anyone in this forum, because no one can guess which coin will give you a profit, it's just a matter of luck.
cashing out is ok as long as you badly need the cash . lossing on the other hand is also normal , so cheer up . almost all of us do experince loosing because of the curent situation of the market but that does not mean we are a looser forever . sure we can still be a winner sooner or later as long as we continue to invest or buy at the dips
Cutting your loss by cashing out is also dependable on the coin you hold . let say if you hold a coin that you are not sure , then much better of you can sell it than wait for it to dump more . but if you are holding a good coin like eth or btc , then it is ok to continue holding because they can always recover later on.
Cutting your loss by cashing out is also dependable on the coin you hold . let say if you hold a coin that you are not sure , then much better of you can sell it than wait for it to dump more . but if you are holding a good coin like eth or btc , then it is ok to continue holding because they can always recover later on.
I would just wait it out at this point. Selling right now is similar to buying at the very top. This market is at the bottom and will only go up in the future, just be patient.
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