Cut losses

[Runbitup]

With this situation, cut losses is the worst decision because the price of market is low, if you cut losses that means you are cutting your hand.

I also think it's better to be patient, wait for prices to rise and not to worry too much, coins will continue to fall as long as the coins you have are indeed coins you choose based on your own observations.
try to trust yourself with your own choices.

[1714731863]

1714731863

[tabas]

With this situation, cut losses is the worst decision because the price of market is low, if you cut losses that means you are cutting your hand.

Sometimes it's a good decision if you can't wait for that long to recover the coin that you have bought. This depends on your situation on how you are taking the patience into the next level. Like anyone else, bought some coins at the highest price and now it's more than 80% at loss. I don't have to cut loss because I've already lost that much and I'm not willing to take my money back with the very few left on it. I can't wait until it recovers because I believe in the market reversal.

[aliceHortrex]

With this situation, cut losses is the worst decision because the price of market is low, if you cut losses that means you are cutting your hand.

Sometimes it's a good decision if you can't wait for that long to recover the coin that you have bought. This depends on your situation on how you are taking the patience into the next level. Like anyone else, bought some coins at the highest price and now it's more than 80% at loss. I don't have to cut loss because I've already lost that much and I'm not willing to take my money back with the very few left on it. I can't wait until it recovers because I believe in the market reversal.

The game in any market is based on patience and greed. Few people manage to wait for the lowest asset price.

[jvper]

Be careful with psychological decisions such as that one. You need to focus on important financial indicators of risk management and diversification.

[smoolae]

Cutting losses is never an easy thing to consider and really go through. Some situations though are indeed better to resolve using this method. Like when something bad and urgent happens in your life and you are in need of money, something like this and you should sell your bags.

If you don't have any real need to sell your crypto bags, you should think twice before selling.

[sorrros]

Looking back to 2018, it was a good move. But no one knew what would happen, also now, nobody will tell you if we are close to the end of bear market or what. There are just tips, speculations.   

[mrdeposit]

Be careful with psychological decisions such as that one. You need to focus on important financial indicators of risk management and diversification.

In the present case, instinct should also be useful to find the right decision. Because the analyzes are not enough to find the next move. Definitely one day everything will be fine, but we do not know how far away that day.

[tabas]

With this situation, cut losses is the worst decision because the price of market is low, if you cut losses that means you are cutting your hand.

Sometimes it's a good decision if you can't wait for that long to recover the coin that you have bought. This depends on your situation on how you are taking the patience into the next level. Like anyone else, bought some coins at the highest price and now it's more than 80% at loss. I don't have to cut loss because I've already lost that much and I'm not willing to take my money back with the very few left on it. I can't wait until it recovers because I believe in the market reversal.

The game in any market is based on patience and greed. Few people manage to wait for the lowest asset price.

And these people who have been buying at the bottom always wins and to those impatient investors, they fall to their own mistake.

[sandgluenick]

ETH prices have dropped dramatically from the previous highest price with the current price of only $ 137, for long-term holders it is certainly not profitable to sell it now, but in my opinion it takes a long time to recover. All our own decisions determine, it's better to hold a little longer and buy other coins to trade.

[trumplove]

Be careful with psychological decisions such as that one. You need to focus on important financial indicators of risk management and diversification.

In the present case, instinct should also be useful to find the right decision. Because the analyzes are not enough to find the next move. Definitely one day everything will be fine, but we do not know how far away that day.

so we have to be careful in doing everything, right even though the market in the future will be fine but we don't know for sure when the market will recover, and we during and until the time comes we must be patient and able to do other activities that can help.
anyone does not know anything will happen in the future, but if you can start from now to do any activity that can produce, of course in the future the market will rise and you can get big profits.

[AtlantaFive]

It depends on the situation because if you think that it will go deeper then cutting loses will be an option and just buy again at lower price if it hits bottom so you can accumulate more. It's just risky because you can lose big depends on the drop. Just be careful doing cutting losses.

[Emilyp]

Cutting loses is one of the best strategies anyone could apply in crypto trading. Looking back at the current ETH price, you will be happy if you had cut your losses when it was over $270. It's currently at half that price imagine bewteen then and now, you would have lost half of the value even more.

[Fredomago]

Cutting loses is one of the best strategies anyone could apply in crypto trading. Looking back at the current ETH price, you will be happy if you had cut your losses when it was over $270. It's currently at half that price imagine bewteen then and now, you would have lost half of the value even more.

That's right, if you master this system you will be able to allow yourself making things still favors you even the situations is not doing well with your current holdings, you need to workout learning deeper to take advantage of this strategy, after that you'll be familiarize with any events.

[Sephire]

Cutting losses is not that easy with cryptos since these are so volatile. It may work for some top coins but for smaller coins one has to buy and hold with patience.

[ralph_0608]

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

It means I still lucky when I bought ETH at 300$+ and add when it fall to 160$ and still I keep holding and no plan to sell my coins but I didnt able to add when it fall less than 100 I thought it would fall deeper.
I'm not a fan of cut loss I usually doing average down to keep my total buying price low. And I invest only in too 10 coins in market cap.

[concitta]

Cutting losses is not that easy with cryptos since these are so volatile. It may work for some top coins but for smaller coins one has to buy and hold with patience.

not all pieces will be better than leaving it. for small coins, we have to patiently hold it until it gives us a little profit.
indeed sometimes cutting losses will save you, but we have to think well and move forward.
the market will improve soon if we cut losses we will not get it in the future, so we must be patient to get profits so wait until the coins you hold are profitable.

[libert19]

I'm late and you probably know the answer now. You would have doubled the amount of ethereum if you sold at 275 and bought back at current prices.

Hindsight is always 20/20.

[JeBro]

In the current situation on the cryptocurrency market, it seems to me, it would be more correct to buy Ethereum at $100 - $110. Then sell ETH at levels $130- $140. It is possible to leave part of the deposit for a long HODL to sell on the possible achievement of 1000 USD by Ethereum.

[uralcryptocoin]

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

And now did you cut the losses?
Or you try hold and hope?
The price level of 275$ now looks like a great gift.

[gulshan1]

Don't cut your trade in loss because this is crypto market and every body have to keep patience for the profit. This is that place where crytpo market is standing at very low price and if any person entered at this time then he is very lucky person and your selling your investment. So don't sell and wait for while.