Selling for a loss to buy cheaper crypto?

[VenturaBro]

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

[Coingram]

Take a look at BTC purchase prices.. Now you can sell your coins/tokens even higher price than you bought it when BTC was 15K... I did like this and feel calm now

[ManaMan]

If you chose visley some alt that could go like 10x easily the next bear market then I don't see why not. Actually I am swapping some alts now because in my opinion this should pay off in the future.

[xireKT]

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

It's a very risky deal but I have done it in the past to try to minimize my risks. When the market hit ATH (I wasn't so experienced with the market as I am now), I ended up buying around $10k worth of TRX. After that, the price started crashing badly. After weeks of being worried, I ended up selling more than half of my TRX amount and decided to purchase other cryptos in order to diversify my portfolio and try to get other alts at a cheaper price.

I haven't regretted ever since although I'm still at a loss. But once the market starts recovering, it will probably have been a good deal diversifying a little my portfolio rather than having loads of TRX.

It all depends really if you are willing to accept the risks and losses but it won't be an easy task seeing your losses get worse in case you don't make the right choices on the alts your switching too.

GL!

[sindikat]

Now to sell some coins and buy other it is risky. If you decide to sell your coins then I recommend that you keep the Fiat. When you see that the market has started to turn green, you will choose a more promising coin. It seems to me that not all coins will endure this crisis. Why would you put yourself at additional risk?

[petrovkirill808]

a dangerous undertaking, you can simply not have time to buy back.
the market is very unpredictable

[manlyxman]

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

i experience that too when i'm newbie because i buy gas,strat,lun in binance then ethereum in mercatox and i lose 25% in this four like i sell this four to buy aion and holding some btc then buy again every drop

But then again, it might be a little late for that, what do you think?

i think if you going to buy or you going to invest here go for btc,eth,bch,neo,bnb and bch because they already have value in market like they can go low but still they will be back to their current high price so you only buy and sell with no lose

Yeah I think if you buy those top coins low and hodl for a while, they'll be safe to hodl and will increase in value.

[Xioma]

a dangerous undertaking, you can simply not have time to buy back.
the market is very unpredictable

I suppose it might be more successful if you daytrade. Though it's still very risky.

[LeroyBro]

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

Depends just how much you're losing and if you think where you re-invest will profit, of course. So it's all easier said than done but it can still work out.

The more volatile altcoins might profit faster than the top ones.

[wel24]

If you think you have a great plan or option  to buy some altcoins esp at low value for now nad wait for months or year to gain or up the value up tp 5x or 10x,why not.Always remember,before selling, i hope you have a second option to save your loss.Think twice before you sell

[Muzika]

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

i think it is not a good idea , because we do not know how market will react for the future days , so if you sell and dont have a profit with it to have a coin you will hold and sell in the future in the first place you have negative income instead of waiting to recover your present coin and earn some profit .

[Lhanofclover]

I think it's too risky to do that. If we sell coins today and bought coins at low price we can't know if it will go up. If thr scenario becomes bad we will only lose more or ending up in bad situation. If you want to take risk then you can do it but prepare yourself for whatever happens.

[KryptoVlad]

I think you need to buy coins while the price drops. But it's very risky. 

[dhemasm]

If you think the coin you're buying does not have good potential, you better sell it and buy a coin that has good potential, Make it as a lesson. Only my opinion

[Taskford]

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

It doesn't make any sense at all, if you are thinking that you could make profits out of that, then you are insane, don't you think that you could even lose more if you do that, because look, you don't know the future of the coin that you are holding and if you are going to sell it to buy other cryptocurrencies at cheap price then it is just the same, you are just going to regret if the coins that you have sold pump up so high than the price of the token you bought for that.

[muncuss]

Late, and it's very risky now in very unstable unpredicted bear market. you can possibly lose more.
this will work best in stable market than now

[goyal.dkg]

if you are holding a high valued coin then you can sell in this dip and buy low marketcap coin .
but you should be 100% confident of that project which you are going to buy .

[andiko]

In general, a good idea, but the main problem is that you can not predict in this market, this coin will grow in price or not.

[zeze18]

But the problem is..
How you know the coin's price will be lower in the future.
It can be after you sell the coins, the price is going up and you will buy again in high price lol  

[Wxrhino]

Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

It's actually not a loss until you sell it. It's very much like stocks, if you HODL and prices recover then you've lost nothing. Think of what happened to Costco stock after the Whole Foods announcement.