Bitcoin Forum
June 30, 2024, 11:23:04 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: ETH to USD loss but ETH to other coins not  (Read 91 times)
practicaltexan (OP)
Newbie
*
Offline Offline

Activity: 45
Merit: 0


View Profile
March 28, 2018, 07:56:44 PM
 #1

So eth is tanking, just like everything else. 

I have a small dilemma.   I had set a low ETH order of like .5 ETH on GDAX a while back at $700.  Figured it would do a bounce and I could make some quick turnaround money. $30-$50 or so. I already have my holdings and mine more so this was cash I had just sitting there.

Well it didn't and I forgot to set a stop loss.  Call it lazy and distracted.  Anyway,  2 things.

Should I just cut the loss of about $120 right now back into cash (again, this isn't my holding stuff) and call it a learning experience or should I just take the ETH and look for deals to switch it into? 

Technically, I haven't lost any ETH due to the drop in USD trading does that mean I technically could put it into EOS or something else to diversify and have less risk and a greater chance of gaining back my ground?

Basically instead of selling and confirming a loss, I buy something else that I think is on sale right now using the ETH/COIN basis rather than the ETH/USD basis.  So even if ETH comes back up, I have diversified into others I think will go up more.

Is this making sense?

VB32Bit
Newbie
*
Offline Offline

Activity: 24
Merit: 0


View Profile
March 28, 2018, 07:59:03 PM
 #2

I will start off by saying that I'm a novice.

With that being said I would use the ETH and buy something else that is currently devalued.

My motto is everything is on sale until we're back to a bull market.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!