Should I cash out and take the loss?

[Luigi21]

If you can afford the loss and you need that money maybe the best decision is to cash out, but if you love the risk and think and trust the coins in which you have invested on you have to wait those will almost recover, in the market of the cryptocurrencies there are huge spike in price both in negative that in positive way

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[komjhq]

If you can afford the loss and you need that money maybe the best decision is to cash out, but if you love the risk and think and trust the coins in which you have invested on you have to wait those will almost recover, in the market of the cryptocurrencies there are huge spike in price both in negative that in positive way

I know one single rule that always helps to avoid big losses than there is to date. First of all, no sales, Even despite the total fall of the crypto-currency market, you can always expect real prices for sale.

[Cult]

Cashing out on an unpredictable market is like gambling.  You can never be sure whether it's a bottom already or not. I prefer just hold despite the unstability.

[Azzhan]

I don't think it's a game of luck.
The cryptocurrency market and blockchain still have good prospects, so you need to wait for the winter to pass.

[Goruno]

If you have extra money  you can hold it for a while. if you cash out now you must take a big loss .
you know this is a bear market for cryptocurrency and many investors almost spend money to buy more coins at this time.

[Kallipso]

It's up to you, of course, but if you have already done so go to the end. Many losses have reached 80%, but there are ways that help to recoup this a little, the main thing is not to panic but to work hard, and there the bull market will come.

[orangelemon]

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 do ASAP before its too late.

[liseff3]

I think the loss that you experience is due to carelessness from yourself both when you make a purchase nor when you sell it. When you buy crypto coins, it seems you yourself doesn't understand how the cryptocurrency works then you believe just like that without doing your own research. And when you sell it, it seems to be caused by panic, not based on sound thoughts (filled with emotions). You should be patient and believe when holding them, the two coins that you buy for sure the value will grow even if only for a moment

[hemendrachauhan19]

It really depends on you. It's your money and your call. Or You can always HODL on and wait for the market to grow back and then take your profits. Roght now you can buy more and average out your positions.

[kristensoto]

Now the market has not shown signs of recovery, Bitcoin and altcoin prices are still very low, if you sell at this time you will not be profitable and will lose. I recommend patience and continue to hold. Because many experts believe that the market will recover at the end of the year and the price of bitcoin will increase. Besides, now is also a good time to buy. I believe that long-term investment in this market will bring a lot of profit to us.

[SirLancelot]

I don't think it's a game of luck.
The cryptocurrency market and blockchain still have good prospects, so you need to wait for the winter to pass.

There is no luck in the business and it is just a matter of mind and your wise decisions according to the prevailing market condition. If you do not make the rational decision, you are history.

What good will it does you if you sell your coins knowing it is going to cost you some good part of your money you have invested? Despite you should hodl and stay passionate about the investment. The market never remains in one situation and it has natural hidden abilities to approach back to equilibrium.

[Dobriy 4el]

it is very sad when you lose money! I have lost a part too, but I don't panic now, I believe that it will change and there will come good times when the market pleases us in green color. I believing that the cryptocurrency is the future

[izanagi narukami]

Now the market has not shown signs of recovery, Bitcoin and altcoin prices are still very low,...

It's still high since I'm 4 years trader.
Yes, it's going to continue downtrend except there are some goverment regulation that bring good news.
This is the risk that we must face but remember , the profit only for who shall keep hold it for no reason !

[max1616]

A lot of people started doing this with the imagination of being rich..But since the beginning of the year, he has lost most of his money..The market will of course improve..We just need to be patient.

[grimjoever]

well cutloss is the worst thing you can do right now, just hold and let's hope that market are going better in the end of the years. or even in a months

[Gurueconom]

And why do you think that the coins that you currently have will never grow again? If you know any serious reasons, then sell your crypto currency, and if you only think that the prices for this crypto currency will not grow then do not sell it better.

[acedia]

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!

your right. Do not listen to the forum participants, chats in a telegram. Think with your head, conduct your analysis and invest only the amount that you do not mind losing, and not all your savings. To enter the crypt at the beginning of the year was a hasty decision. I'm sorry. It is not necessary to panic. There is a great tip: invest and forget for a year miniium. Do not check your balance every day

[unknown-user]

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!

Such action will just result to regret when the market starts to rise which do always happen since the market dumps are just temporary. It won't solve the problem with loss profit. Be practical and observe that same amount of holdings are there, and it is only the value which is falling. Once the market starts to rise, profit will again be earned and we just need to be patient. Selling will just make the situation worse.

[oaks05]

a market turn around ul surely be kicking yourself, but is that turn around going to happen, you have to follow your gut and go from there.

[smoolae]

For me, this loss seems to be already really steep and clearly too much, I would probably just keep my cryptos. If you really need the money cashout if not I would let it sit and wait, who knows the future...