Hey guys,
during the past months I made some nice profits, but since the end of May the value of my portfolio shrinks continously.
I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
Thanks in advance.
Regards
crypteria
I too have stratis, waves, nem, ark and a few have gone down a bit BUT i'm not worried since I'll be holding them for 1-2 years once their projects are officially launched. I actually started to buy some more when the their prices dipped. they're very good, legit and active projects. theyre not P&D projects.
An example I'd share with you is when i bought LTC at a high price last May 5 and had to wait for a month before I got a good profit on it. Never sell at a loss with crypto (except for shitcoins that get P&D)
It's another matter if you need to liquidate your money now for rent or similar things (which you shouldnt have done in the 1st place)
Good luck!
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