Should I Sell to Buy the Dip? or HODL ~ Need advice from protraders

Patatas

legendary

Activity: 1750

Merit: 1115

Providing AI/ChatGpt Services - PM!

Quote from: bitcub on May 11, 2017, 07:28:23 PM

So I have bought some coins, now after the bitcoin pump, the coin price goes down. Now I find my self in a negative profit status. Should I sell the coins to buy its dip? Or let bitcoin dump and wait for my coin to back to its current price?

I'm confused.Which coins are you holding ? Bitcoins or Altcoins ? Just so you know,they are not inter-related.One pumps doesn't naturally increase the prices of another.If you're in a negative,keep a minimum stop amount.After that threshold has crossed sell it to avoid further loses.

Quote from: bitcub on May 11, 2017, 07:28:23 PM

Yes - to have more profit from other rising coins
No - just hodl and wait for the coin to rise again.

No.

olarsson

full member

Activity: 208

Merit: 100

It depends if overall trend is positive or negative. I it is positive like now buy in dips.

jeraldskie11

sr. member

Activity: 1316

Merit: 356

I'm not a professional trader but I had some experience on trading so that I can advice you what it had done to myself. You should hold your altcoins that you had bought if you were not earned profit to prevent losing money because not all dip is increase so its wasting your money again if you do that.

milewilda

legendary

Activity: 3094

Merit: 1127

Dont sell because theres no point on doing such action better to hold off and wait for the price to rise up again so that you wont lose nothing but in exchange you would really have to wait on when it would climb up its price again.Panic selling or cutting loses dont really give any advantage at all.At mean time better to seek out on other coins which on its dip price and possibly cover up some lose.

romero121

legendary

Activity: 3234

Merit: 1214

Vave.com - Crypto Casino

Selling now doesn't gonna profit you. Keep hold of the bitcoin that you bought when the price is on the increasing side. With bitcoin when a dip is gonna take place with minor fall the price moves forward and in the same manner at certain time interval the price reaches down. So make the selling at the right time during the fluctuations to avoid loss, else don't panic Keep it as a long term investment.

bitcub

sr. member

Activity: 952

Merit: 250

Thank you ,I was about to sell it.. Ok I'll consider your suggestion. Will hold it until the coins will pump again. The question is when is that, and when is the next bitcoin dump.

Quote from: Sled on May 11, 2017, 07:56:05 PM

No. Don't sell your coins because it will just give you losses. Patience is a virtue in terms of trading altcoins because if you lack of patience then there is a possibility that you will be a loser to this game, Do not sell but buy the dip to cover your loss so if the coins pumps again you will be gaining decent profit. If you don't want to end up like waiting for the coin, just put an amount that you can afford to lose and learn to diversify.

Sled

hero member

Activity: 1680

Merit: 535

Bitcoin- in bullish time

No. Don't sell your coins because it will just give you losses. Patience is a virtue in terms of trading altcoins because if you lack of patience then there is a possibility that you will be a loser to this game, Do not sell but buy the dip to cover your loss so if the coins pumps again you will be gaining decent profit. If you don't want to end up like waiting for the coin, just put an amount that you can afford to lose and learn to diversify.

bitcub

sr. member

Activity: 952

Merit: 250

So I have bought some coins, now after the bitcoin pump, the coin price goes down. Now I find my self in a negative profit status. Should I sell the coins to buy its dip? Or let bitcoin dump and wait for my coin to back to its current price?

Yes - to have more profit from other rising coins
No - just hodl and wait for the coin to rise again.

Topic: Should I Sell to Buy the Dip? or HODL ~ Need advice from protraders (Read 565 times)