Should I cash out and take the loss?

[kirstiemorton23]

if you have decided to sell your assets and you are ready to lose 75%, then do that, you do not want to lose all your money, so your step is very precise. I agree with you, you should not trust anyone in this forum, because no one can guess which coin will give you a profit, it's just a matter of luck.

[Google+]

I think if you get stuck like this and desperately need money then you just take the loss you are experiencing, but if you do not want to lose then you should hold until the price back up, because if you sell when the price is cheap you will regret and lose.

[ohkkstaaahp]

If you have bought tokens then I suggest you calm down and hold them for a long time. Do not worry, the market will recover and you will get high profits.

[coinwizard_]

One thing that is just as bad as loss is regret. If you cash out now you will miss the biggest bullrun in history, if you can handle regret then go ahead to cash out, otherwise stay in the game just a few months more

[crazylikeafox]

if you will have a small loss and you needed the money badly i suggest you cash out already rather than waiting for bull market that will surely takes time and youll end up having bigger loss.

[Sermihal]

You don't have to trust anyone. Many people say that there are good projects that they were given money for advertising or because he has tokens of this project. We need to invest very carefully.

[balfouri]

I would say that patience is best way because if we panic to sell what coin you had especially now a day that the price was low you are a looser.Just be patience to hold until the price of your coin will recover so that you earn profit on that.

[Killrbit]

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!

Well some of the mistakes you have made are generally the most common ones made by new people in crypto.

Firstly it always important to do your own research especially when making investments into alts. Most of the people on social media are primarily only talking up a coin because either they are being paid to do so or they are heavily invested into it themselves and are just trying to create fomo and jack up the price or perhaps are just trying to find people to dump their own coins on. The tone of your statement also implies that you may have invested to much of your money into crypto or amount that you are to uncomfortable to lose. Again the most important rule here is to never invest more than you can lose.

[Gaff]

  Since the bear period was started many of us here in the crypto space is crying out loud to express the feeling deep in our hearth, but some are brave enough to face the volatility nature in crypto space by keeping their coins intact as a preparation if the bull will overrun the bear, in a very needy situation ,there is nothing wrong to cash it out for the daily needs or emergency use as   long that it is your decision to halt but bear in mind that it might be also losing a chance to recover your loses if the current value is continuously taking in progress, I think you should think about it.

[hitrawal91]

Yes, you have done right by booking the loss and taking out the cash from the losing cryptocurrency by this way you are at least not losing everything on a single trading cryptocurrency pair. But be careful next time because here you have done a mistake as you didn't traded with a proper trading plan and trading without a plan is really a bad idea and you should avoid it.

[PROFIT_REVIEW]

People on this forum give a lot of advice, but before you take advantage of these tips, you must conduct your own analysis. Most likely you wanted to earn quick money and that's why you invested in these tokens. If you were not greedy and invested in more promising projects, you would have earned.

[dataispower]

75% is a heavy loss. You should sell all of them if you lose more than 20%. But do not know for whatever reason you decide to keep it. You should forget about it and hold. Because now you sell, you almost lose completely. So just forget about it and keep it in the future. Will make you happy if you have enough patience

[SomeJasonGuy]

It's important to understand why you are in a loss in the first place and what led to you being in your current situation where you feel you need to sell and salvage what you have left. It appears that you haven't done enough research and gone a bit overboard in terms of certain high-risk coins. If you had adopted a more balanced approach, you wouldn't be in the predicament you are in now and would be able to comfortably hold until your investments recovered.

[South Park]

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!

You shouldn't sell your coins for a loss never and this is the major rule in investing that never sell your investment at a loss, no matter the time interval it will surely come to profit you in the future. And I am also following this by investing in those coins which came at a low price at the point of dump and when the Altcoin prices will start rising then I will sell those investments.

It is a basic rule but how many people are in this market and have no idea of even the most basic rules when it comes to investing? I will say that the answer to that is the majority, and that is why we see many people like the OP losing money that they cannot afford and investing in a market they do not understand, I would like to feel sorry but when I see this everyday I cannot stop thinking what were these people thinking when they invested in this market?

[wartajoni]

Basically you may decide to cash out, with some notes that your portfolio has no potential to rise. But you also have to be prepared with the consequence that you could lose a profit that might come up in the future. However, if your portfolio is only bitcoin, you have to hold it. No matter how long it is, bitcoin always has the potential to return to the top.

[OuterTech]

If the current time with the investment in BPT and PRL losses 75% of the investment, then you should sell to be able to invest in other cryptos to make the profit to compensate for that loss. I recommend investing in ETH to make the long-term profit and low risk.

[blockchainwriters]

don't sell the coins in loss it is nt advisable at all market will recover then u can sell the coins in profit

[BagzMM]

Do not make decision that will regret you at the end. If you're not in financial crisis better hold coins because  market is not permanent. Just have more patience for bitcoin.

[jdgranfiel]

If you are out of money the only solution is to have one. You have no choice but to cash out. HODL is only applicable for those who have cash in their pockets.The lives of other poeple are not the same as ours. You have to make a decision whether accept the loss or suffer hunger, it depends on every ones situation. If you have funds, I suggest not to cash out.

[pelipurlara]

Never ever sell your assets at losses, not unless you badly need your money. If you can be patient just hold and be patient. The market will not be in a bad shape forever and it will recover some time soon. Just be patient, patience is one of the key in crypto to earn well.

not just the patience required, but a good strategy in minimizing losses when you sell your assets in cheap prices, right now I see the price of bitcoin has started to increase so it will affect the price of other altcoin