Smart to sell at a loss in anticipation? - page 3.

Chalkbot

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Quote from: Swordsoffreedom on March 28, 2014, 04:12:10 PM

Quote from: Chalkbot on March 28, 2014, 04:05:12 PM

It's safer to hold now, and buy more if it hits $400.

This assumes we hit $400 but waiting on this period is a good question on where it will go now

No, the purpose of my suggestion was to safeguard in case it doesn't hit $400. If he went with his plan, he'd sell at a loss, and then wait for a $400 that never comes (locking in those losses). My plan balances the two potential outcomes with an opportunity to cost average down to $500 if price goes to $400.

windjc

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Quote from: Admired on March 28, 2014, 04:08:52 PM

well the only reason I suggested this is that it is almost sure that the price will drop to $400 or lower and I wouldn't do it if I was on the fence about the price. I can't buy more really if it drops due to having to pay rent and other expenses

Assuming you bought with money you can afford to lose, I would hold. This should be a long term investment. Unless you are day trading it. Then you might want to sell and buy back. But the moment you sell, you realize a true loss, so you have to be ok with that.

That's why if you believe in bitcoin long term, are not a day trader, then you should just hold. The market will always go up and down.

Swordsoffreedom

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Leading Crypto Sports Betting & Casino Platform

Quote from: Chalkbot on March 28, 2014, 04:05:12 PM

It's safer to hold now, and buy more if it hits $400.

This assumes we hit $400 but waiting on this period is a good question on where it will go now

Admired

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well the only reason I suggested this is that it is almost sure that the price will drop to $400 or lower and I wouldn't do it if I was on the fence about the price. I can't buy more really if it drops due to having to pay rent and other expenses

fortune143

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If I were offering you advice I would tell you not to do what you have just suggested and instead hodl all the way.

If you think it's going to rise beyond the amount you bought in for, then what difference will a few $$$'s make?

Chalkbot

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It's safer to hold now, and buy more if it hits $400.

Admired

newbie

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All technical and news relating to the Chinese have been pointing at btc easily reaching $400 or less. I have bought coins at an average of like $600 so I just wanted to hear the opinions of whether its not a bad idea to sell now and buy back more when it hits $400 or less.

Topic: Smart to sell at a loss in anticipation? - page 3. (Read 2548 times)