I will never sell my Alts for loss: Prefer to take them to the cemetery!

[contraband]

HODL HODL HODL

The total MC will continue to go x10 x10 x10 over the next 5 to 10 years, just like it always has.

Of course, it will stop going x10 at some point, but the total crypto MC will be in the multiple trillions before it does slow down.

We always think the market wont go x10 and the previous time was the last time. IMO we have a ways to go as of yet, so if you have a diverse portfolio of the top 100 coins right now, and you HODL, and refuse to sell at a loss, you will win by far overall.

This is something the whales understand.

Its sad that most fall for FUD they hear, and feel that they need to cut their losses. They see the value of their assets decrease and panic sell. This is the norm unfortunately.

The same usually goes for the stock market. Your average investor plans to buy low and sell high, but they usually end up doing the exact opposite.
.
The OP would most likely do well with his plan if he can stick to it and ignore what he hears when markets are down, and simply wait out the cycle.

Your average investor just needs to remember that when the market is down, that the value of your coins are down, but the number of coins you have stays the same.

Unless the coin completely dies, or in stocks, the company goes under, the large majority of their investments will follow the overall market when it goes back up again.

Sadly, most sell when the market goes down, and then once they see the market has gone back up again, they buy back in when the price is high, doing exactly the opposite of their original intention.

This has been happening for decades in the stock market, and has continued to occur in the crypto market since its beginning.

[Kiefner]

Well, I disagree with you. Sell certainly not worth a loss, but if you see that the bearish trend is strong, you should temporarily sell, and not wait until your portfolio is nothing left.

[Jonking]

similar situation.. but i think this is not right if you have the chance to sell it even a small profit sell it don't regret it for the rest of your life

[MuffinMaster]

In my opinion, it is better to sell altcoin with even a small profit than to stay with a coin worth zero, or completely delisted from exchanges, i.e. without the possibility of selling.

[jaywizzy]

Smile! Hope you will sell it when you get to cemetery?
People have different reason for selling their altcoin, I don't  blame people that sell below cost price because the owner of the altcoin may be in need of money at that moment and don't have any means than to sell what he /she has to cater for his or her need.

[Danda23]

People holding Coins sell for fear of dumping, this is because they don't understand how the space works, that is why it is always advice to read and do research,most time fear make them end up selling at a loss.

[pelumi20]

I personally do not see any reason why people sell their altcoins for loss because you are already in loss, selling at that point will not only lose your money but will also deprive you of the future profits you can make from the altcoin, thereby causing you to regret your actions in the future.

[mrdeposit]

I personally do not see any reason why people sell their altcoins for loss because you are already in loss, selling at that point will not only lose your money but will also deprive you of the future profits you can make from the altcoin, thereby causing you to regret your actions in the future.

Waiting without moving means not evaluating hundreds of chances. So, when you expect it, you may have the chance to fold it over and over again. For example, in most projects, bounty hunters sell their currency below the ICO price and if you can evaluate it correctly, you can gain.

[Raymondavid47]

It's so unfortunate that you are taking this too far. You can't force anyone to hold or sell. The thing that there are different reasons why people sell their altcoins for cheap.
- It's can be because of an urgent pressing need.
- it can be because they have found another coin or tokens that's is likely to do well more than the current one they are holding.
- It can be because the project is becoming suspicious.

[AtlantaFive]

This is what i do after my holdings got lower in prices. I won't sell even it become zero because i might do some bad decision. If ever the price recover then i will be happy and not i will just wait when it will pump. I will just add some tokens or coins to leverage my holdings.

[Flezy]

Yes, holding is good but what you are holding matters also. With that being said, am just like you I prefer holding as I believe in what blockchain has to offer.

[Bloodseekers]

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

Great, and i totaly agree with you. Some people think crypto can make them easy to rich. Oh c'mon if crypto make people easy to rich all people will join with this. Yes crypto can make people rich but need time, As trader, as investor, as miner etc. All need time. Just make reference bitcoin price is about $1 in 2009 and 2017 about $19,000. Need Time, not instant

[sjbi]

I also do not sell my holdings no matter what. I have suffered a great deal of loss in the crypto market and I have determined that I will recover my loss from the market itself. I think my holdings will increase in price one day and make me riches. I am seeing not far this moment as the market is correcting itself and becoming stable and stronger further.

[Victorycoin]

I will also not sell my alt better I will take loan from my local people or from the forum. I will sell only if I cant afford my living cost before then I will hold my altcoin.

[Freescan]

remain patient, that this market has not improved, there are still many altcoins in the red zone. if you are sure of the altcoin that you currently have it is better to hold it for a while but if there is no further development, it is better to exchange it for another one.

[Mrsparks]

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

With this kind of mentality as a trader you will get rekt.. Sometimes you need to learn to cut your losses and move on with life.. It doesn't make u less courageous or less disciplined as a crypto enthusiasts. U won't always get it right, just learn to cut loss and move on after learning your lessons or u will find yourself out of crypto sooner than you think..

[Peruvyn]

One must be flexible with Cryptocurrency if you don't want to rekt yourself. The truth is that, there's no fix way to do it and if you still on holding some tokens or coins and not sell it to reduce your loss. They might worth nothing in some years to come because not all the relevant coin or token of today will still be relevant today.

[Adriano2010]

Well depends, if some people need urgent money then maybe they will be somehow forced to sell altcoins even if the price is down than ever, but for long holders a profit can be made in my opinion.

[Brainnin]

Holding is good and for me is the best idea, selling off due to the current market situation is not a good idea, all these altcoins can turn to real lambo in years to come.

[Vishnu.Reang]

As long as I live live I will not sell my Alts at a loss.
It is a shame that Bitches are selling: These bitches can’t see 2 years from NOW: Booming!
I primarily hold Cardano!

I have more experience here when compared to you, and I would advice you to sell some of your alts at the right time. I have been collecting alts for the last 2-3 years. And the majority of the alts (i.e more than 50%) that I got in 2017 are dormant now. Cash them out when you have the chance to do so.