Is it an acceptable strategy to never sell at a loss and hold instead?
Is it an acceptable strategy to never sell at a loss and hold instead?
Alexander Mitchell
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Blake Foster
It is the only strategy.
James Carter
Yes, as long as you're not investing in dead coins.
However is far from the best strategy. It means that your funds can be in hold for weeks or months, losing potential opportunities
Alexander Ward
Yes, this is how most people invest. Just have to make sure you pick good coins
Josiah Fisher
>buy at 100
>sell at 90
>price goes to 70
>buys at 70 instead
>at 100 he has more money
MAGIC
Chase Edwards
As long as it is a decent coin (i.e. most of the top 10 - 15 coins), it's a viable strategy. Used to only be BTC and ETH were the two main holds but I think you can argue for most of the top 15 coins now bar a few.
Holding a shitcoin is an awful strategy however.
Adrian Moore
This. You can trade your coin regardless of the entry price and don't miss golden opportunities.
Nicholas Fisher
you're supposed to buy low cap coins mate, join discord.gg
William James
Only if you want to be a mind slave to crypto or whatever other imaginary bullshit "asset" you are in.
In other words hold = forever bitch
Matthew Adams
>buy at 100
>sell at 90
>price goes to 70
>buys at 70 instead
>it got down 50
>sale at 50
>fuck this coin
>it go up 200
Jordan Kelly
This only works in a bull market
Noah Miller
How about with BTC? I've been buying since $2k (all the way up to $17k) and I'm getting very nervous
Logan Rogers
You'll be fine. Just hold for the next 4~5 years until it recovers again.
Andrew Hughes
No, it's an absolutely retarded strategy. I've made more money knowing when to cut losses than I would've if I had been a stubborn retard. Sometimes you make a bad judgement and sucking it up and cutting losses is the only smart move to make.
Colton Clark
You're never gonna make it. How do you expect to get rich not selling low and buying high? Dumbass
Carson Anderson
this isn't my full-time job, I can't spend all day watching the charts.
Daniel Fisher
I've followed this since August. My last bags were FUEL but they're now in the green too
Lincoln Ramirez
Be fearful when others are greedy
Be greedy when others are fearful
John Taylor
So how do I know when a coin is about to turn bullish?
John White
kek if you want to be a gay nigger
Isaac Clark
>Recovers again
It's still up for the month.