Should I cash out and take the loss?

[preshpr1nce]

I follow the same 2 coins you've mentioned.

BPT has a release coming out next month and has currently got good support at 2600 sats, even with it's volume at an all time low it held above this mark, the whole market right now has terrible volume and once it starts to pick back up, along with the release coming we should see 3500 sat again for this, selling it now = absolute bottom price you'll get for it.

PRL also bottomed out at 3000 sat before the BTC dip and started to climb back up to 4000 sat before we had this market drop, even in this current situation it's support is strong at 2850 sat, selling now would also mean absolute bottom, I expect this to go up to 4000 again once the market picks back up.

Selling now = bottom for your alts and bottom for BTC, it wouldn't be a wise move at all.

The 2 coins mentioned have increased in volume today as has BTC, these are positive signs that things should recover.

My advice, if you've absolutely had enough just give it another 2 weeks, but even this wouldn't be wise, markets do this when bearish and usually after 5+ dips people begin to lose hope and start selling at a loss, 7 drops would usually have the market flushed out and things start to increase again.

The types who sell at a loss will almost be flushed out now and those who are remaining purchased at prices greater than we see now, the end result is people stop selling and prices start to climb again.

it's a psychological battle of weak hands, the longer we hold at low prices the less people with weak hands that remain, this is why markets always pick up after long downs.

[alyssa85]

I looked up Prl on coinmarketcap:

https://coinmarketcap.com/currencies/oyster/#markets

It's only on three exchanges and the volume traded is pitiful. I'd sell 90% of teh coins, keep a few just in case there is a pump. But unless these coins can increase their trading volume and get onto the larger exchanges, it's likely they will go no-where.

Obviously do your own research - if there is evidence that they'll get listed on more exchanges, then hold on.

[Yipsdow34]

Why don't you invest in upcoming ICOs with good potential? that way you don't have to take the loss straight away and you will still have a chance of recovering. There are interesting tokens such as Aethion and Menlo One which are by far the best choices imo.   This interview with Menlo's CEO helps shed some light on what the token is used for and how it will change the way we view ICOs https://www.youtube.com/watch?time_continue=884&v=Rw1QBpBYE6o

[btcmegastar]

If you have patience definitely you will make profits but with the present bearish market everything, one is thinking same. People who have patience will always make good profits but in a downtrend, it is always good to buy in this downward trend.

[xprince1996]

If you were not brave enough i think you should take the loss now but if you were brave i am sure that you can get good profits in the future when the coins become boom and make some noise in crypto world.

[samyang2x]

For me if ever i recive my coins or reward i will keep it for now and i will wait the market to recover.because i believe that the market will rise up again.

[BariToni]

At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!

Yes, its possible, but its your risk

[Cnut237]

At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!

I would advise to look at the long term charts. Yes, since the ATH of early January we have seen a drop, but the longer term trend is still upwards. The Dec/Jan rise was too far too fast, and the fact that this rise was so huge without any levelling off period meant that when it overshot and the inevitable pullback began, no-one knew where the stable point would be - there had been no consolidation at a stable price point since before the rise began. Finally we hit solid resistance at around $250 billion for the whole market. There was then a bounce back upwards, followed by another dip - but I think a lot of people can agree now that price drops will experience huge resistance around $250 billion. This would suggest that if you cash out now, you are cashing out near the bottom. I think we have stabilised now and price rises will come sooner rather than later.

As you say though, we are all guessing, and other people doubtless have differing perspectives.

[badykvik]

I think it is better you still hold your coin and not cash out because cashing out will be a big loss and you can still make profit if only you can be more patient and wait for the market to recover and the price of crypto begin to rise. This bearish is only for a short period and will recover soon.

[lx001]

I was in your position in 2016, I did have several cryptos, unfortunately my $4000 turned into $1000 after some unsuccessful trades and dumps, and I have cashed out just like you are planning to. At the end of 2017 these tokens were worth $250k. I have saved $1000 just to lose quarter of a million 2 years later. I would not touch anything if I were you, just forget about it for some time. 

[untugede]

At the beginning of the year I got into cryptocurrency think I would make a lot of money if I did a ton of research and learned everything about crypto. So I bought $4k worth of bpt and prl. I would say my stack is worth about $1000 now with a 75% loss. Everybody on this forum talked so highly of those coins thinking it would sky rocket one day but they are just getting so low that I know I will never get my money back & I don't want to lose it all. I guess I'm here to say don't trust anybody on this forum that thinks they know what a good coin is and most differently DONT trust any future "10x coin" on here. Truth is this is mostly a game of luck. I'm out, cashing out so I don't lose everything!

when you get stuck in buying altcoins at a high price and now the coins you buy go down, do not ever say you will sell your losses of up to 75%, I suggest never sell them, if you still have more money you can buy them at a price down as it is today, and suppose the coins you buy in accordance with your research have a hope of raise prices again, you are still expecting a big profit, and in this forum you do not have to believe what people say, because here people can only give solutions and can only analyze, so you must have your own initiative whether you want to buy it or not, it depends on your decision.

[Dreamchaser21]

A sad reality of trusting someone with your investment because it can be full of hype. Its sad that you made a lot of research and yet fall into shit coins. If you just bought bitcoin for sure it is still possible to bring back your loss, but its altcoin so I think cashing out can be a good option and invest that little money to bitcoin.

[Sidiq SP]

for me your decision to go out is a big loss, because 75% of the loss you experience, in my opinion, the best decision is to wait, because although the money even if it will add to the loss for you, I am sure the coin will not always is under, wait for the coins to go up, you just sell, I also have PRL, and I sell I have a 50% profit, here is my experience of this coin

[Ghypatt]

There is one value that almost all legendary on this platform preach, and that is patience. Im very young in crypto as well but for the few days that Ive been here, I have seen it countless times where experienced investors in a way caution us to invest as much as we can afford to lose and again exercise patience in situations like this. You have lost huge amount already and I think waiting a little while will be the best.

[Coinseeker22]

If you did your research and analyze closely what your getting in to then you should've anticipate why the market value of the coin you invested is currently low. Before investing and when this happens i always go back to the basic, with that very importantly INVEST WHAT YOU CAN AFFORD TO LOOSE. This is not a game of luck my friend your not betting in a casino here this is cyrpto currency where knowledge and information is important. if i am in your spot i would reinvest id i can or rather wait until the end of the year. Im sure you'll change your mind when we reach the last quarter of this year. But this is a great lesson right, not cheap but a good one to remember.

[swissgang]

I may cash out and take the loss if I am in a stock market but crypto market is more volatile than stock market so if not necessary I would not probably take the loss.

[Rajamuda]

It doesn't a matter of believing/more believing in someone, it all depends on our personal belief. For me personally, because I still strongly believe in crypto about its development and it will be greater... I remain patient and keep holding it, whose stops in halfway... it's just a sense of worrying or afraid and lack of confidence in crypto which's still growing or still in a young age.

[mitrajkt]

It's up to you, if you want to sell because it requires immediate money and dare to risk losing your money, but if you are patient and see opportunities in the market then you will benefit in the future.

[sehoon]

I don't think you should consider dumping your coins as of now. You should at least wait for the Q4 before deciding and concluding that you have lost your money. Good things may come in Q3 - Q4 and you shouldn't worry if we are at red right now. Red market is just a normal phenomenon when it comes cryptocurrency. And you should also state what coins are holding right now so the people that will read your post may know if you really have a chance of earning a profit or not.

[jackjackfly]

You still can wait, next year will be a significant gross of crypto. Don't be the one of the crowd, who were just afraid.
Just a little time wait  and things will change for better.
Hold)