If you're ~15% in the red, is it crazy to sell?

[mostkey]

Selling at a loss and seeking a profit of 15% is not something that is very easy for me, indeed in an emotional sense you can get compensation from losses but the market will always change beyond the original plan, all you have to do is consider it very well. and be careful, there might be nothing wrong to last longer at a price that is better than it is now, as pumping Ethereum is very easy to get so don't worry, if emotions can't be held it's not bad usually all decisions are based on preparation for strategy forward.

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[panjul07]

If you really sure about your prediction that it will go down further, then selling it while you are in -15% in order to buy it again with lower price so it is OK. Of course there is a risk because prediction can be wrong, so I think it is better if you keep holding it and buy more once your prediction goes right if you have other money. But if you have no more money, I suggest you to sell half of your asset only.

[Ararbermas]

 Wait for more results mate before making decisions 'cause we all knows market always suddenly make a new directions because of being so volatile time on time , which is doesn't mean it will go straight base on the pattern or performance. 'cause sometimes there's always a tends it will change direction.  So wait for more results and don't follow real quick on your speculation, ensure it first to avoid regrets.  

[naruto7676]

Im always ready to sell my coins if I know that bitcoin will have a big problem and knowing it to other people it will have a big price to down like what happen in 2017.

[Tytanowy Janusz]

Hodling is the riskiest strategy. There is no quarantee that your coin will recover.

Hodlers of those coins was also sure that their coins will recover someday (those are top 10 coins from december 2013)
Omni -90%
Peercoin -80%
Namecoin - 75%
Quark -95%
Bitshares -~100%
Wordcoin -~100%

That's not an argument against holding / long term investing though. That's an argument against trash altcoins. It is easily possible that someone could have day traded any of the coins you listed (or indeed any coin at all) and also lost 80% or more.

If you pick a coin that has a working product and real world use (such as bitcoin or the tiny handful of altcoins that fulfil this criteria), then holding long term is a completely viable strategy.

Those were coins from top 10 marketcap im 2013. They were like eth now and its hodlers are still waiting for recover.
Name 10 altcoins with working produkt.ETH? Code full of Bugs, unscalable and with eos, stelllar, waves, nem, tron, neo  (and mayby 50 more) doing the same.
Even if there are few uniqe coins with working produkt there is no guarantee that they wont become next Yahoo, myspace (google was created seconda but was better same as facebook) and their marketcap is like they already hitted mass adoption.

[atrocityx]

Hodling is the riskiest strategy. There is no quarantee that your coin will recover.

Hodlers of those coins was also sure that their coins will recover someday (those are top 10 coins from december 2013)
Omni -90%
Peercoin -80%
Namecoin - 75%
Quark -95%
Bitshares -~100%
Wordcoin -~100%

That's not an argument against holding / long term investing though. That's an argument against trash altcoins. It is easily possible that someone could have day traded any of the coins you listed (or indeed any coin at all) and also lost 80% or more.

If you pick a coin that has a working product and real world use (such as bitcoin or the tiny handful of altcoins that fulfil this criteria), then holding long term is a completely viable strategy.

Those were coins from top 10 marketcap im 2013. They were like eth now and its hodlers are still waiting for recover.
Name 10 altcoins with working produkt.ETH? Code full of Bugs, unscalable and with eos, stelllar, waves, nem, tron, neo  (and mayby 50 more) doing the same.
Even if there are few uniqe coins with working produkt there is no guarantee that they wont become next Yahoo, myspace (google was created seconda but was better same as facebook) and their marketcap is like they already hitted mass adoption.

I definitely agree with what you're saying.. but the same is true for all of the smart contract platforms with more scaleability.. we just don't know what survives and what won't.. but lets not ride things we believe in to 80% or more losses... holding on to things because we like them is emotional and should be avoided in trading.

[o_e_l_e_o]

Those were coins from top 10 marketcap im 2013. They were like eth now and its hodlers are still waiting for recover.
Name 10 altcoins with working produkt.ETH? Code full of Bugs, unscalable and with eos, stelllar, waves, nem, tron, neo  (and mayby 50 more) doing the same.

I don't think there are 10 altcoins with a real world use, which is exactly my point. Your argument is an argument against altcoins, not long term holding. Long term holding is a perfectly viable strategy if you have picked a coin with solid fundamentals, a working product and a real world use that is going to grow over time, such as Bitcoin. If you pick some obvious scam like Bitshares or EOS, then no amount of holding will bring you profit.

[farosa]

In my opinion don't sell unless necessary. Because the end of the year is coming and most people think that the end of the year will be good. I can't say this is exactly true, no one can say it, but you can wait a little longer.

[TheReverend]

no one knows about price movements, so in my opinion there is nothing wrong with selling it, maybe someone is doing worse than that for example 30-50%, I think that's the right step to take.
because no one really knows about the price prediction.
you don't have to regret it because you have sold in a loss of 15%, it could be if you didn't do it, you would do worse.

[btcdevil]

Hodling is the riskiest strategy. There is no quarantee that your coin will recover.

Hodlers of those coins was also sure that their coins will recover someday (those are top 10 coins from december 2013)
Omni -90%
Peercoin -80%
Namecoin - 75%
Quark -95%
Bitshares -~100%
Wordcoin -~100%

That's not an argument against holding / long term investing though. That's an argument against trash altcoins. It is easily possible that someone could have day traded any of the coins you listed (or indeed any coin at all) and also lost 80% or more.

If you pick a coin that has a working product and real world use (such as bitcoin or the tiny handful of altcoins that fulfil this criteria), then holding long term is a completely viable strategy.

Those were coins from top 10 marketcap im 2013. They were like eth now and its hodlers are still waiting for recover.
Name 10 altcoins with working produkt.ETH? Code full of Bugs, unscalable and with eos, stelllar, waves, nem, tron, neo  (and mayby 50 more) doing the same.
Even if there are few uniqe coins with working produkt there is no guarantee that they wont become next Yahoo, myspace (google was created seconda but was better same as facebook) and their marketcap is like they already hitted mass adoption.

I agree with your point , even the projects who got heavy success in their ICO investment are not down to more then 90% but their projects are running but the price of the coins is going dead. They are

1.ICN
2.TIME
3.VSL
4.PLBT

Like this their are coin which got in 2016 and their ICO was very success and everyone who ever invested in this project thought of good profit in long term and lot of them did not sold for profit and today they are in heavy loss and some projects are running only on their own profit project and they dont care about the coins price .

[hulla]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

To me. You seems to know what do to but you're confused right now  and don't want to let your emotion and thirst to recover your losses lead you to loosing your investment which I thin is good you ask.
Nevertheless, the first mistake you made is not setting a capital aside which you can use to buy or invest when an opportunity arise in the market during your pruchase at the 230$ price range as you said and the right thing you can do now is to hold your coins while you search for another capital elsewhere which you're going to use to buy/invest into this December bottom price.

[FastSlots]

Nobody knows what will the Bott be.

Ethereum may never recover, and go to 10 usd or less.

I am holding , but I think its a highly risk move.


There is no shame in selling at 15% loss. Better than sell at 90% loss

Sorry to say, I do not agree with you. How can you predict Ethereum can 10 USD or less? It is not fair I think. Selling at a high loss is not a wise decision. Rather I would suggest him to do the trade. Because 15% loss is not so high loss, You can sell now if you think that coin can go more dip! And if that coin really goes more dip then you can buy again and that will increase your coin numbers! Holding at this moment is not a high-risk move, Ethereum price will come back at 250 to 300 USD! So, better hold your coins and wait for a decent recovery.

[TobiasVR]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

holding is the best way to continue to recover a few percent defeat experienced, we cannot continue to sell quickly. if you sell quickly when the price is low it might only give a loss to us.

[Agapelove]

It depends on the coin you're holding. The whole cryptocurrency market is so down this year. Having a -15% might assume that you had bought your coins just last month. Now, holding a fundamentally strong coins meaning have great potential to rise, better hold them. Holding less potential, sell them then buy the dips of great coins.

[FastSlots]

This is not the right time to sell, where you are in 15% loss. No one knows about the future price, so if you sure that price will go further down then you may sell now and you will have a chance to buy again in the next dip! Maybe you are talking about Ethereum, ETH price went to the 168 USD and after a while, it gained 242 USD too! Recently I bought at 212 USD, so I am in a loss too, but I am holding it. And, I wouldn't recommend you to go for a long-term hodl! Don't do that now. So, you need to make the right decision.

[Quidat]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

Well, OP you have to learn your lesson on that day so that it won't happen again in the future and don't worry if you don't have any capital right now. Money will come and go always, so better start finding a way to earn your capital again and proceed on learning more in trading. This is how the market will act always and always with it's unstable volatility it will be so hard to predict the next move that you are going to do.

[metalglowd]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

before you decide to sell it, it would be better to see activities on the project. Are active developers to provide information and are active to answer questions in the official group. if they are still active, and they have plans for the short term. then it's better HOLD first, if the plan is still in a long time. then just sell it.

[metribitcoin]

Did you bought Ethereum? If you are long term trading just hold it a few month because by looking in to daily times frame Ethereum currently in the support level, but if you are day trader , should be after you bought it use stop loss avout 5%, so you can buy back at lower price and you will make more profit when the price going up.

[Questat]

Did you bought Ethereum? If you are long term trading just hold it a few month because by looking in to daily times frame Ethereum currently in the support level, but if you are day trader , should be after you bought it use stop loss avout 5%, so you can buy back at lower price and you will make more profit when the price going up.

15% loss is pretty normal, it's a paper loss only because if we have trusts on ETH, we will definitely not gonna panic.
This is the norms in crypto, we can see some crazy swings but all we focus is the development and eventually the price will rise in the long run.

[letecia012]

Hey,
I didn't act on the recent crash,,, i had bought at about 230$ markets currently just above 200$
I know the right idea is likely to hold, as the market will go up eventually.. but i predict in the intermediate term it'll go down further.
I guess this is where the psychology of trading comes into play.. I'm in regret and want to sell at a 15% loss in order to have a chance of making the 15% back and then be able to continue trading as i was before the recent dip.

When you're 'marooned' with coins that are worth less than you bought them is the right idea; always to hold?
I just want to practise trading further... and have no spare capital to do so.. 

Every trader has his own trading strategy to follow if you think selling at -15% loss may be recoverable if you sell and buy again then just do so. But for  me I should prefer to hold and add a little bit more when market will fall deeply to lower may average buying price. It is not good to buy at high and sell at low since you are losing your investment but if you are a day trader then maybe selling and buying again would be an effective strategy.