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the rise
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September 20, 2017, 10:12:42 AM |
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Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
You should keep holding it and sell if bch goes above your buy price or reach the goal you had in mind. It still has a lot of potential in it and keep in mind that bch is forked from btc and is in the list of the top coins in coinmarketcap so it is unwise to just sell at a loss right now. My opinion on it right now is that it will be like etc for ETH so it will always have a value and is not just a shitcoin. I believe bch has its own fans and it's not easy to collapse, but it's better to sell bch to buy coins like, dashcoin, lite, or even bitcoin, they can give you a bigger and more stable profit, I've long sold bch, and not be affected by whatever is attached to them, it is better to move and keep moving forward. |
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Buckwheet
Full Member
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Activity: 169
Merit: 100
Green Mining 85% Cheaper
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September 20, 2017, 12:26:44 PM |
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 r u joking? I thought you are a legendary member and stay in this forum for a long time u r millionaire now as I guess |
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pereira4
Legendary
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Activity: 1610
Merit: 1183
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September 20, 2017, 01:17:16 PM |
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Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
Your first mistake was buying BCash. Why would you do that? As a Legendary member, I assume that you had a decent amount of Bitcoin, which means you received a decent amount of BCash. Well you should have dumped that when the situation was right, get your profits and leave. I don't understand why anyone would gamble by buying BCash, a coin that is a mess since day 1 and is mined by someone that we don't even know (possibly Craig Wright) which owns more than 50% of the hashrate. Why do this to yourself? Never lose Bitcoin with shitcoin trading. I guess hold until there's a pump and then dump it, or just take what you have already and forget about it. |
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ruffles2016
Sr. Member
Offline
Activity: 475
Merit: 250
Presale is live!
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September 20, 2017, 01:29:22 PM |
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I think you should hold bitcoin cash as you hold your bitcoin or ethereum. Noone can really guess what is going to happen with that one fork coin. You may regret to sell in future.
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rayk
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September 20, 2017, 01:39:44 PM |
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It depends on your principles, I personally hold it. I think it could not be a bitcoin or take place of bitcoin but it is very good coin indeed. You should definitely hold it.
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Red-Apple
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September 20, 2017, 01:52:11 PM |
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based on the two numbers you gave us, you have already lost 41.46% of your investment! that is not a wise way of investing in anything. you should seriously learn about what stop loss means.
you buy something and if it loses a percentage that you are not happy with (like 10%) you dump it and stay out until it reaches the bottom. unless you think 10% is the end of the line and is the bottom which obviously is not about BCH and it went lower.
right now it is too late though. if it is not such a huge investment you may continue holding. who knows maybe you got lucky.
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--signature space for rent; sent PM--
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MMysterious
Sr. Member
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Activity: 972
Merit: 255
Bear season or just the beginning
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September 20, 2017, 02:25:09 PM |
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If you bought it at a peak price then you should just hold it, I'm not a fan of BCH but I think in trading you should wait for the coins to go at its lowest and buy them and then sell them when its at its highest price or if you think you already gained profit from the increase.
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naidray
Legendary
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Activity: 1232
Merit: 1029
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September 21, 2017, 07:50:32 PM |
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Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
Unless you feel you need it for something urgent, I would not advise selling now after buying at that price. Just chill and hold for long term if you do not really need it now. However, if you are a trader, note the last highest peak from the chart and the trend and see if you can sell at that point. Hopefully it comes down again and you can buy more. If you do this gradually, you may end up at least recovering your losses. |
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Dutchyyy
Legendary
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Activity: 1197
Merit: 1001
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September 21, 2017, 11:01:36 PM |
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Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
You are the first person I've heard of buying BCH. I dumped mine around 0.18 and never looked back. I could suggest you to post selling order on the price you bough it and wait. But may need to wait a lot. If you are OK with a small loss, put selling orders on 0.17-0.18. This is a pick price from time to time. |
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949miner
Sr. Member
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Activity: 448
Merit: 250
Stake & Vote or Become a IoTeX Delegate!
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September 21, 2017, 11:11:17 PM |
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Why would you hold this coin? honestly, i dont see any future for bitcoin cash, there is no way the price could be equal than Bitcoin, it is impossible.. bitcoin cash is an useless coin, it does not have any features, any usage, nothing. It was free money that came from the sky, why are you still holding it? dump them and buy profitable coins with that money, that is the best move.
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holdingkrypto
Jr. Member
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September 21, 2017, 11:19:36 PM |
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I am not optimistic but I would wait. I do not believe in bch but, when there is atleast a bit space for hope, I never sell at loss.
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Saoha
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September 22, 2017, 02:27:21 AM |
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Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
I do not really like BCH because of excessive instability. However, I will not be able to negate the future of the BCH because China will make BCH catch up BTC in the future. I do not hope so because with me altcoin can't compare to Bitcoin; but China they will do. I think you should keep! |
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Cryptoraptor
Newbie
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Activity: 26
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September 22, 2017, 02:33:44 AM |
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Bch currently sits at 0.12btc. I initially bought in to day trade, which it went up to my goal on the day. However I held it, I'm not good at taking long positions and I've lost about a third so far. I'm unsure whether to cut my losses or hold. Anyone with a technical analysis or an opinion on whether or not I should cut? Anyone in the same boat?
Hold. Forget about it for a while and obsess over another coin for a while. That's what I do. Just check upon it every so often. |
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