Cut losses and re invest?

[Psynthax]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

It just like a very big decision i suppose, When you are cutloss your investment and you will have missed the chance to get back your initial ROI again. It will be the same and never try to do that unless you are interesting to move your portfolio to another promising altcoin to recover your loses as fast as possible. The result will be the same if you are not cutloss your investment.

[zoata87]

I think it is too late to cut losses now since you should cut losses a few months ago and reinvest again by buying the dip. Personally, I think it is ok to reinvest in better altcoins now but it is not the best choice.

[Teal Deer]

Many novice investors make the same mistake. First of all, we must not forget about the distribution of risks, we need to allocate capital between different assets. And if any of the coins falls into a similar situation, the first thing you should not do is to sell at a loss. Many investors bought coins when they were expensive and then sold when they went down in price. That's not why you came to the market. Need to learn to wait

[frowsiter]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

Thats worst decision anyone can make on the TRX. I mean come on dude that coin has shown artificial pumps and nothing else. Remember last time when they made NET release announcement then also the coin did not move a bit and how do you believe that it will move to 20c in anyway?

Thats your hog in cog chance and its one way ticket. You could end up hitting the worst investment decision if something goes wrong with it. TRX is not worth coin to do things like that. I mean I wouldn't do that. If I were you then I will try to reach 20c with whatever you have got right now and just pull back my investment from this coin.

[VeeraS]

I don't really know about trx, so I don't know about the value of the current price. actually you can buy in a few weeks ago when the price dropped low. yes, you can do it to cover the losses resulting from the first investment.
or maybe you can find another alternative by buying another altcoin. there are plenty of cheap altcoins that can bring in profits by the end of the year. I suggest, when you want to try to take speculation in the investment. you should try to track about the altcoin, from the telegram line and some of its information.

[Aso at bata]

Maybe your right on what you're doing, if you think is the best way for for it. But make sure that when you re invest you will gain what you loose or either doble it.

[crossabdd]

if you have good speculation and can accept loss. it could be an option to recover your losses. but if you only have the desire and don't dare to execute, you should hold until the price returns. I have faith. TRX will return to the high price. because this is a good coin.

[tdeannova]

is there no other option? I personally prefer to re invest  and will not cut losses (except for financial needs). but everyone has different opinions and investment strategies, make the decision that you think is best.

[mark1220]

If you are 100% sure that your next investment will give you fast profits - sell and make profits with another crypto. If you don't sure - hold, don't sell!

Yes its right, many investments falls down because of fast decision and they not sure if thier next investment will give a profit so before proceeding in next investment make it sure that it can give you a profit.

[5hoursaday]

Well it depends on if you think you would make money from cutting your losses and re-investing the money. The whole point of being an investor in the first place is to make money which means that any way you make the most money, is the way you should use.

[ranoby]

If you have invested better not try to speculate on the price and leave everything as is and just wait. If you are want to trade, you need to close the loss positions as soon as possible

[Cnut237]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

Every decision is in effect a more or less educated guess based on how you think the market will move. If you are confident that you can time price moves correctly in order to make profit, then go for it. But it can be risky. There is no decision in crypto that gives reward for no risk.

[mostcrack]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

it is a strategy that is not right for me, it is cutting losses after you get a decent price from a previous purchase, by selling your coin and then picking another coin that does not know the coin fate you choose is at risk of getting a loss for you, so my advice now is holding all the coins you own because it will greatly benefit you and earn some profit, if the token tends to get a continuous increase it will be very potential to keep going up and what you say it will be very unusual for a few more months.

[googs84]

TRX is not worthy project to invest in and you already had $2,500 bucks in it, thats surprising. I am not trying to demotivate you or something similar but I would just say that you should get your investment back from this coin and re-inevst into different coin really.

The reason is simple, TRX is being played for the pump and dumps recently. The last times ATH was also as result of too much hype of this coin and nothing else. No real or concrete development going on recently. This is flashing more fishy as we move further with this coin. The coin is just getting hyped for the news like whether TRX is good coin or not but there is no real investment going on for this coin! So beware.

[yojodojo21]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

I suggest that you should get your profit and make your money roll from other coins, but if you have the trust to it then I don't mind. You'll cut losses if it doesn't reach 20c, however, the market is now greeny but I don't think of what kind of strategy you are using, but when it's time to sell then sell, if you want to HODL THEN HODL. Re invest if it goes down again and sell if it increase to make some little profit out of it.

[EdenHazard]

There's no a safe way to save money on cryptocurrency even if it's stored in bitcoin, that's really no safe. Pump and dump is a false strategy that we will never know, no one knows it will come true.

It would be a little safer if we invested in the coin that we had previously analysts. So with any negative comments or positive comments on the coins we hold, we will not be affected.

Believe in the decision you have decided, ignore the chirp about the negative comments that you see, it's not good for you to input in your trading or investment strategy.

And you need to know TRX is a good coin, hold or buyback if you sell now.

[Zeke_23]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

dont sell it, the price of trx now is increasing, you must believe on your investment. as long as you dont get a profit or at least get your investment back dont sell your token.

[richjohn]

I don't see any point of buying TRX at its current price. Had you thought about this almost a month ago, you would have recovered almost 50% of your losses. This coin was heavily pumped and even during crisis it was the only coin to be green. I think you have already missed out on a golden opportunity to recover your money from this coin. If you want to cut your losses, you should look for a different currency now. TRX is not going to be of much help.

[wxxyrqa]

I don't see any point of buying TRX at its current price. Had you thought about this almost a month ago, you would have recovered almost 50% of your losses. This coin was heavily pumped and even during crisis it was the only coin to be green. I think you have already missed out on a golden opportunity to recover your money from this coin. If you want to cut your losses, you should look for a different currency now. TRX is not going to be of much help.

and yet I'm beginning to make sure that even if you decide to make money on investments, you still need to keep everything under control. Almost all activities will be similar to trade. Therefore, it is better to invest funds at the ico stage of companies, and in the rest of the time to trade.

[xaviervilla]

Ok so I currently have 15,000 TRX which I bought when it was at its highest.. Now the net cost is $2.5k but the current value is $900. If I sell my 15k at 900 and buy back my 15k tokens at 0.06 shouldnt I make a faster profit than waiting till the token hits 20c?

I honestly cannot tell you what to do because I do not want to be held accountable for your losses if I
ever make a wrong advice. But if it were me though, I really will not sell since it is too risky to sell because
prices can change drastically depending on the demand and the whales. But if you're so sure about it, why
not? Just make sure you know what you are doing.