Cut losses

[cola-jere]

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Best to cut loss within the 10-15% loss. Accepting the loss is the most difficult part but if the market falls further like it did, you'd be happy you cut loss.

[nebuch]

Ethereum is $100 above. This is the right time to buy more ethereum because it is possible that few hours from now it will be back to $500 again. Buy more now if would you like in order to have more open doors to a decent profit from your strategy. Don't give up your faith and hope because for sure your labor of patient will not in vain.

[jpnl0008]

Its not a nice one to sell now i know its very painful and you would be a very big lose when you sell now just hold on soon enough there will be a boost and a rise in eth so do not sell just hand in there for the moment thanks

[wxganz]

I saw numbers that brought the author to tears) Now ETH 106$ and I think this is a significant turn because it began your turn with 90$. I think this is the beginning of a new ascent and rise of ETH to the new top of the crypto industry.

[a d i m u l]

the number of altcoins has dropped which is followed by etherium down so many have cut losses on the coins they have.

[mulia sabee]

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Today's events have occurred at the price of digital currencies, especially Etherum and Bitcoin are experiencing a very sharp decline since a few months ago. but for someone who bought etherum at a high price beforehand, try to save it now, hold it and don't sell it now. this will make you very loss if you sell your assets. wait a good time for a few months later.

[elite070]

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

If you are sure that ETH will going to go further lower, then cutting loses is good, but if the market suddenly do something good again, expect much loses when you sell your current holdings of ethereum coins.

[CryptoIyke]

You should not worry, the market will soon recover, if you sell at a low price then you will lose everything, keep the hope and wait, all is just starting.

This is why it is not good to take or give certain advice, while he was to to hold at above $270 the coin had dropped to more less than $100 and it would require another long wait to get to the former price if at all it would. The best is to follow one's instinct and leave whenever you find comfortable

[UAE Seasider]

I think the strategy depends more if you are a trader rather than just a buy and hodler. What would you move into if you sold ETH and would that currency also depreciate at a similar rate or take the safe haven choice of going to cash instead? If you are a trader then you should always set stop losses to reduce your risk exposure when a coin is falling. If you are a buy and hold investor then acquiring more coins at a lower price will help reduce your overall cost average and lessen the pain of the fall in price.

[pemantaubtt]

I want to ask you, why you buy eth at 600 $? is it for investment? if it's for investment then selling it is the wrong thing what you need to do in investing is time and patience.
if you are a trader and sell your assets when prices fall very deep then you are an amateur trader.

[zabir.brutov]

Stay calm and wait for the better market conditions. I mean, you cannot do something right now, but I would not recommend to cut the loses, because the market can still recover within several years.

[gabmen]

Stay calm and wait for the better market conditions. I mean, you cannot do something right now, but I would not recommend to cut the loses, because the market can still recover within several years.

Lol. As if you're always talking to a long term investor dude. It doesn't work for everybody. That's why we have a stop loss function to save us from losing a lot and get in at another, better time.

[TusharMali99]

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Instead of selling at low price and buying back, it would be good if you hold and buy more so that the average buy price gets reduced.
For example, if you had bought 1eth at $600, now buy 2eth for $100 each, then you have 3eth with investment of $800. So your buying price will be 800/3= $266.

[elcoblast]

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

few days ago i just cut loss for Waves i bought Waves when the price in $16 and few days ago i can't hold it anymore, i'm sell all of my Waves in price $1,5/Waves, i'm loss more than 80% from all of my waves asset 

[Little_king]

The price was still good then and now that it is below $80 and if hold then that show their is more loss and holding is the best answer now as the market is yet to show anywhere to recover soon.

[ableh]

few days ago i just cut loss for Waves i bought Waves when the price in $16 and few days ago i can't hold it anymore, i'm sell all of my Waves in price $1,5/Waves, i'm loss more than 80% from all of my waves asset 

Before trading you should learn first about how to manage crypto assets properly so that bad things like this won't happen, this is my tips for you. Do not cut loss if your portofolio value has dropped above 50%, because it will be difficult to recovery (ideal range for cut loss is 10-20%). So next time, if you have experience the same thing it's better to buy more or just hold it until the value returns.

[other_side]

Ethereum is $100 above. This is the right time to buy more ethereum because it is possible that few hours from now it will be back to $500 again. Buy more now if would you like in order to have more open doors to a decent profit from your strategy. Don't give up your faith and hope because for sure your labor of patient will not in vain.

haha I agree with you that you can buy more to store ETH now. But I'm very much looking forward to when ETH returns to $ 500, I'm betting a lot on this market, so that's the best hope for me at the moment.

[AndRE177]

Now is a great opportunity to fix the losses and buy those coins that will cover at least some of them. The market began a small move to the top. Do not miss it!

[senin]

OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand

Cryptocurrency needs to be bought at the lowest possible prices, and sold at the highest possible. Only in this case, we can hope for a profit. If you bought ethereum at a price of $ 600, then selling it for $ 275 will bring a loss. In order to make a profit in this case, it is necessary to sell it when this coin will cost more than 600 dollars. Given the current state of the cryptocurrency market, it will not be soon.

[EXtremeAEX]

Of course this option is also possible. If you sell your eth at a higher price and buy it back at a lower price, then in time you will have much more coins than you did with the original purchase. And when the price of the eth finally begins to recover, you will get a good profit.