Should I cash out and take the loss?

[Ingoats]

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!

If you get out of the market now you are never going to recover your money, I know that things are not looking good and it is going to take a lot of time for the market to recover but if you get out that will be the end, so you need to really think about it and please do not take a rushed decision, but if you are really convinced to get out of the market then the only thing I can do is to wish you good luck and hope you do well in the next market in which you decide to invest.

Think before sell out your tokens/coins, i think the bear market is almost over and i dont see any FUD news lately.
There are some positive signs and news recently, so dont make decision too quick.
Its not only bpt and prl that were falling , but the entire cryptocurrencies.

Selling might just even make the situation worse because such action will make the demand even lower tahat would be reflected to the market value resulting to more dumps. The market in a sudden have increased lately from being down continuously at the beginning of this year. As usual, it again fell, but the good thing behind the bad situation at this moment is that, recovery is always possible to happen. And the increase recently is already a sign that selling during the dumps would be a bad idea.

[SamboNZ]

You'll only make your situation from bad to worst, keep calm and wait for them to recover. Accepting that you lost your investments are wrong and you must be positive. Endure it for now and make this situation as a lesson.

[TirexXS]

Perhaps it is worth revising the strategy and starting to participate in day trading, so that you can buy a few promising coins for the profit. I think it will be much easier than selling everything and staying with nothing.

a good solution, There will always be people who sell at the bottom and buy at the top, Selling all the coins you have is not the only option, you can get a portion of it then use it for day trading. To be honest, we must continue to wait and shake but there is nothing wrong with doing something while waiting.

[ClaimMBTC]

not now, because you not get profit so you should hold and wait, this is not good time to sell but now all coins price is cheap so you don't get any profit.

[Dragonrage201]

Taking a loss now at these rock bottom prices is no good. Better to hold on and do nothing. The market can turn back up any day on any good news.

[icemantaurus]

No don't cash out yet, don't get your conception distract you for being investing on some altcoin. Hodl it for quite some time, 4th quarter is coming. The green market very near. So hold your horses...

[Krezi777]

How do you write that you have $ 4000, and at the moment you have $ 1000. It turns out you lost $ 3000. I think that this 1000 $ is better to put now in bitcoin. Because he fell down to a special level and now hesitates. But soon it will go up. It's the same market.

[Icwt]

No point in selling now, stay strong and it will pay off in the near future 

[winterland]

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!

If you get out of the market now you are never going to recover your money, I know that things are not looking good and it is going to take a lot of time for the market to recover but if you get out that will be the end, so you need to really think about it and please do not take a rushed decision, but if you are really convinced to get out of the market then the only thing I can do is to wish you good luck and hope you do well in the next market in which you decide to invest.

Think before sell out your tokens/coins, i think the bear market is almost over and i dont see any FUD news lately.
There are some positive signs and news recently, so dont make decision too quick.
Its not only bpt and prl that were falling , but the entire cryptocurrencies.

The bear market is not close to being over, this is going to take a lot of time probably years, all of those people thinking that we are going to get a fast recovery are just deceiving themselves, things are not going to be that easy and many people are going to realize this and are going to get discouraged by this and will sell their coins, I do not like it but it is the most likely outcome.

[kkaroul4]

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.

it's really what you say, because it depends on other people. but if my advice for this year is better to wait patiently for the right time to sell coins rather than sell instead it causes a substantial loss

[hulla]

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.

it's really what you say, because it depends on other people. but if my advice for this year is better to wait patiently for the right time to sell coins rather than sell instead it causes a substantial loss

One of the most important technique in crypto currency which is hard to find in most cryptonier is patient and I usually tell people in most of posts that you don't loose your investment in crypto currency even is the market is dump if you can patiently wait but you must be atleast 60% assure of the utility of the coin you wanted to invest in first.

[airdrophunter]

Cashing out/selling off is just the same because you end up losing. I think it is just okay to cash out if you sell it higher than the price when you buy that crypto. Because if not, then why not just wait for just a while and let it grow and sell it at a higher price?

[srcnckr]

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.

it's really what you say, because it depends on other people. but if my advice for this year is better to wait patiently for the right time to sell coins rather than sell instead it causes a substantial loss

Waiting for this time is essential and investors should be prepared for the market if the market is worse. The cryptocurrency market is very volatile and that is causing a lot of anxiety for investors. But if you want to go along with this market, you need to get used to it. only me.

[bitcoinrays]

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

And it is not going to do you any good either if you cash out right now and choose loss rather than claiming the future profit. This is actually rejecting your own plan and idea. Your strategy is worth more than your loss. Be wise and stay alive in the market without selling a single coin and hodl till you get enough from the price appreciation. We are expecting a rise in the end of the year and that might add a big value to the worth of your portfolio.

[pimvinken]

I advise you not to cash out, now the market is bleeding, the price of Bitcoin and all altcoin are very low, if you sell you will lose a lot of capital. You should continue to hold and be patient. I believe that at the end of the year the price of crypto will recover and increase. Besides, now is a good time for you to buy more altcoin. Some altcoin that I suggest you buy are Ethereum, Stellar, Cardano and Monero.

[ringgo96]

Do not. my advice stay patient for now. indeed a situation like today must be more mature so that we can face with a patient state to be able to get a big profit later

[bitekoin]

Indeed the market has been unstable a little of late. However, this gives a great opportunity to buy in on some of the coins that you think have great returns.
But returns isnt the whole story. Tech and the determination of the team (i.e, their commitment to the project is strong and they wont bail out) are also factors that you should consider. This is because the people making big bucks on bitcoin right now did not sell when it reached like 10$, 100$ or even 1000$.. they held most of their stack. And to hold means the coin should have these strong features.

[GalaxyWorld]

Now is the best time for us to hold the price of the current penny is going down very low if you sell them now you will lose the patience held late this year, the field will increase sharply copper The trend will be similar to that of 2017

[kamilah147]

In the beginning of this year I cashed out my bitcoin and sold at a loss,shortly after that the market boomed and I regretted my actions . But just just follow your mind,but I will advise you to hold on a bit

every regret is indeed behind later bro. so we also have to think carefully in making decisions. because every regret sometimes we are sad. you should have to wait and be patient first.

[bennypagulayan]

Do not now you should not sell your pennies on the price of the current penny is very low, then the school will increase sharply later this year was the prediction of many people and many experts on I do not believe The market will grow strongly and wait patiently