Targusluxe (OP)
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Activity: 140
Merit: 10
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October 28, 2017, 10:49:21 AM |
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I bought 1st blood for two months now i bought it when it was .00013 now its just .00004  ... should i still hold ot cut my loss? |
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alexey8080
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October 28, 2017, 11:02:06 AM |
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This is a hard situation, because you can sell today, and tomorrow price go up.
Depending on how much you invested. If you go all in i don't know what to do.
In you're place, i've been waiting for may be some good news or anything, what can cause the price rise and sell then.
But if the amount is not significant to you, it is better to wait. IMO
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beachbummer
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October 28, 2017, 11:02:28 AM |
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If you practise technical analysis, then you can try to see what the charts tell you.
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momopi
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October 28, 2017, 12:37:08 PM |
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Don't put your emotions in trading. That's what I learned in trading. I was so desperate with XRP before and it was like 2mos of dump and I sold it, after I checked, it went high again and should've gain profit. Just let it on your trading platform, wait for sometime and for sure it will go high again.
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Zeeks
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October 28, 2017, 12:39:32 PM |
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I bought 1st blood for two months now i bought it when it was .00013 now its just .00004 ... should i still hold ot cut my loss? Never heard of 1st blood, sounds like a pump and dump coin, if there are any developments to happen I'd wait. If it looks hopeless I would sell I guess. |
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beachbummer
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October 28, 2017, 04:56:15 PM |
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Just a quick combination of the answers from Zeeks, momopi and myself:
Analyse the price charts and based on your analysis, set a price where you tell yourself you will definitely sell without a doubt. If you are able to key in that sell order now, then do it. That is your "stop loss" order. If you are unable to key it in now, write it down on a piece of paper.
If the coin ever reaches that level, you will have sold it off automatically if you had a stop loss order. Otherwise, just key in the order immediately and take out the piece of paper to remind yourself that you made this decision when you were in a rational state of mind and do not second guess yourself.
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shirackjs
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October 28, 2017, 05:02:48 PM |
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It is a huge loss and I can understand you are feeling anxious and disappointed now. 1st blood seems like some pump and dump coin as well. If you are not in need to use the money, perhaps you can hold until the next pump.
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Rosa Paula
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October 28, 2017, 06:10:11 PM |
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This is a hard situation, because you can sell today, and tomorrow price go up.
Depending on how much you invested. If you go all in i don't know what to do.
In you're place, i've been waiting for may be some good news or anything, what can cause the price rise and sell then.
But if the amount is not significant to you, it is better to wait. IMO
I think you're okay.In this difficult time, you may see the price increasing of coins being sold the next day.We can not say that at any time coin price increases.If you invested big amount then you hold it.Or you invested small amount then you sell it and loss fill with daily trade. |
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imutlinda
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October 28, 2017, 06:21:41 PM |
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If cut loss can return your capital and get more profit it may be a good thing but whereas the reverse I suggest to keep the coin.
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100degrees
Member
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Activity: 108
Merit: 10
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October 28, 2017, 06:27:44 PM |
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If you do not need the funds hold, my guess is its found the bottom. A lot of the alt coins are finding the bottom, now is the time to look into buying your favorite coins or tokens.
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Dragonrage201
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October 28, 2017, 07:02:24 PM |
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This coin and most other alts have been in a big long correction since June/July and are
near a bottom. A new rally when it starts next month or later should hopefully make most coins back
to their old highs.
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bamb
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October 28, 2017, 07:37:03 PM |
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You bought at 13000sat and now is 4000sat approximately you have lost 70-75% in prices. It will be a mistake for you to sell now because you are not cutting losses, if anything, by selling you are making your loss permanent! I will advice you take your eyes off the coin for the next six months then you can go back to it!!
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kryptqnick
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Merit: 1385
Join the world-leading crypto sportsbook NOW!
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October 28, 2017, 07:44:34 PM |
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I bought 1st blood for two months now i bought it when it was .00013 now its just .00004 ... should i still hold ot cut my loss? I would suggest you to sell in case you can see another fine investment option to regain the loss. Yet my experience ended up being a loss in general. I bought LGD and then it went down a lot, I sold and bought doge but it also went down. Then I bought NEO but it didn't change the situation. Recently I bought stratis and it gave me 30% profit already, so I hope I will regain my initial investment eventually, but it's not that easy to do. I would suggest buying Waves, the price is rather low right now and expectations of people about this coin and platform are high. |
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Tipstar
Sr. Member
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Activity: 1764
Merit: 280
Smart World Global Token
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October 28, 2017, 07:50:08 PM |
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You bought it in the wrong time.
Every token has a price phase of initial decrease, unnatural rise and attaining a price.
You bought it during the rise and I don't think you'll ever get to sell in that price again.
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Emilstyl
Newbie
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Activity: 30
Merit: 0
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October 28, 2017, 07:52:07 PM |
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You do think in the wrong way man.
You never lose money until you sell.
So now your value is under 70-75%. You basically already lost all, so the last thing to do is sell and make it permanent.
Do research. Spend a few days studing the project, who are the team and what they want.
Read as much as you can. And then you will be able to decide.
Anyway, many coins goes up and down and then rise after 2-3 years of stable price... As it's a coin with a very low value, I'll wait.
If it goes just to 0.1 cent (which is quite easy and possible for a coin) you will make a tons of money out of your investment.
I would not sell it and wait. And if you look at the graph and it's constatly pump and dump, i'll buy now and sell it the next pump
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tora
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Activity: 532
Merit: 13
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October 28, 2017, 07:55:11 PM |
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Is there any buy volume in the coin or is it dead? If there is no trade then probably best to sell if you can and use funds to regain some of your loss. If you do not need the funds then perhaps put a decent priced sell order and wait to see if it gets filled.
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hosseinimr93
Legendary
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Activity: 2380
Merit: 5235
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October 28, 2017, 07:59:02 PM |
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It's very difficult to decide what to do. I remember 1st blood was very popular when it was created. I personally wanted to buy it. Fortunately I couldn't buy it for some reason. there is a high possibility that its price rise again. But these days Bitcoin is best choice for investing as there will be a fork. Converting 1st blood to Bitcoin or any other major altcoin such as Ethereum, Dash, Litecoin might be a good decision. Because most probably these altcoins will rise in price after Bitcoin fork.
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disconnectme
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October 28, 2017, 08:06:10 PM |
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It is a very difficult situation to be, this happens to me last year when I bought Synereo ICO and we all know it has lost 90% of the value since then, I will advice you to keep the tokens if you thing there is a strong fundamentals backing the project but if not just sell and take your loss
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TwSeventh
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October 28, 2017, 08:19:22 PM |
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tell us what coin is that exactly ?
we need to do something in order to make a decision,but for a coin to drop that much i highly doubt it.
i think it's a scam project ? or something else ?
a legit project usually at best will go down 50% from average price and slowly stabilize.
but that thing down for more than 400% which is ridiculous.
i think it would be best for you to cut it out,it would be better for you to get some of it better than lose it all
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Zakhal
Full Member
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Activity: 280
Merit: 100
I love crypto
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October 28, 2017, 08:34:04 PM |
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I hold some 1st blood too but I dont even care what its value. My sell orders are set for the next moon. Most coins always moon at some point or another. The important thing is own multiple coins so that your moneys dont get stuck waiting for the next moon. Most coins are still recovering from bitcoin moon so i would not be hasty.
What I have done recently is buy more of my favorite coins at these lowers so that I can continue trading.
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