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

[Lpim01]

Truly it's crazy but it sometimes we need money that could force us to sell even were losing. It sometimes also it strike into our mind a certain question,  why I'd never sell my coins when the price high? I'm losing right now, do I have to keep on holding?
It is really hard to decide specially when you are aiming to high.

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[[btc]YSG]

Yes, I'll consider it crazy... Why would invest at first when I know I can't endure the slightest decline and I wouldn't expect an immediate increase on investment, Good things do take time.

[ryzaadit]

Depending on the market you should using a stop lose for your trading coin, if the market still continue bearish cutlose can be a option. Ignore the people say "You Lose if you sell", without Sell your asset already lose. Better to cuttlose and buying more dip.

[Ipwich]

Depending on the market you should using a stop lose for your trading coin, if the market still continue bearish cutlose can be a option. Ignore the people say "You Lose if you sell", without Sell your asset already lose. Better to cuttlose and buying more dip.

You lose already if you think of selling but in day trading it's normal to lose, that's similar to gambling, you lose some and win some but what's important is that you have more winning bets in the end so you will be profitable. In trading it's a journey and you need to pay attention to the market movement to analyze it carefully then make a decision when you find an opportunity to get out at a lesser loss in order to enter in other market which you think will succeed.

[mrdeposit]

It is depend on market conditions because market cycles are result of logic and emotion. If you gonna feel comfortable then selling is necessary action which you are supposed to do. By the way 15% is not considered big loss in my opinion.

[Forbiddenone]

it is normal to loose fund and 15% is less ,in order to gain your loss fund you can trade other coin and try not to strict with respective coin thinking that price will rise in the future if you are not a big investor or big supporter.sometime it is good to switch coin as other coin can give more profit than current coin in nearby future.

[GrayFullbuster]

The correct answer depends on the situation. It is good decision to sell your coins even you are in 15% in red if the coin will go dip more. You can stop your losses and you can regain it by buying in the bottom.

[sutil]

Dont forget theres a USDT coin where you can hedge the value of your coins.  Already sold my bitcoins while the price is still 7k..  I am planning to rebuy if BTC will land on 3.2k again.

[electron-coin]

If you, as a trader, are confident that the price of a coin will continue to fall, then a sale of -15% is acceptable. You are right that it is better to sell now at a loss for that to continue trading and earning in future. The only thing to think about: Did you draw the right conclusion from this situation? Judging by your post, you invested all your money in one coin, and this is a blunder. You can't do that, because it leads to what you have now.
If you invested in different coins, then they probably didn't lose 15% of their value in one day, that is, you need to make a conclusion and in the future in such a situation, don't allow the drawdown of your deposit by 15% and act before you loss so significant.

[pundit]

If one could have predict the top and bottom he/she could be the richest trader. I believe this is the right time to purchase and hold coins.
If you have already bought some coins and those are giving you 15% loss , do not get panic such short dd is unavoidable during trend, wait for the market to recover.

[hridoyb]

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

Where you found this information that eth never recover?I strongly believe that eth price never down under 10$ but eth and crypto market green again.If anyone sells the crypto asset with 15% lost and invest other projects where he get more profit i think its best decision.I think never stay your asset try to trade and increase volume.

[Harkorede]

Dont forget theres a USDT coin where you can hedge the value of your coins.  Already sold my bitcoins while the price is still 7k..  I am planning to rebuy if BTC will land on 3.2k again.

What gave you the impression that Bitcoin ever come down to $3,200 again ?, I'd commend you for being lucky enough to sell at $7,000 but If I were to be in your shoes, I'll most definitely start buying back gradually now, because you can not tell what will be the extreme dip in price before the increase will begin, neither can you tell the extreme high price it could attain before it falls again.

[btc_angela]

Dont forget theres a USDT coin where you can hedge the value of your coins.  Already sold my bitcoins while the price is still 7k..  I am planning to rebuy if BTC will land on 3.2k again.

What gave you the impression that Bitcoin ever come down to $3,200 again ?, I'd commend you for being lucky enough to sell at $7,000 but If I were to be in your shoes, I'll most definitely start buying back gradually now, because you can not tell what will be the extreme dip in price before the increase will begin, neither can you tell the extreme high price it could attain before it falls again.

Just for the record though, we never did imagine that bitcoin will lost its value from $19K->$3.2 (last bottom) so it's really possible and we are just like what $800 from it. My point being is that we should prepare for the worst at this point, the bear market is not yet done. Although it's been good this past couple of days as bitcoin touches $4K, no need to jump for joy as everything can happen specially how the price fluctuations in the last month or so.

[wayaneka]

In my opinion before trading you should be make risk management first by use stop loss for every single trade, for day trade we can use stop loss 5%-7%. But if you already loss 15% but the price already dumped hard about 90% from ATH level, so from technical analysis the price has potential to going up again.  I think crypto market already oversold and soon or later will change to bull run because bearish and bullish just normal market cyrcle.

[TheUltraElite]

If one could have predict the top and bottom he/she could be the richest trader. I believe this is the right time to purchase and hold coins.

Thats true but thats also their luck. They were lucky to get into something that would become big in future so they did enter into it. But then there are big fails as well. Those who put in huge amounts of money into some altcoins but they could never break even. In that sense it becomes a bit of gambling as well.

If you have already bought some coins and those are giving you 15% loss , do not get panic such short dd is unavoidable during trend, wait for the market to recover.

This is relevant in todays price chart. Bitcoin took a >10% dip in price today and other altcoins dropped by more than 10%. Someone has dumped their coins in the market and its back to the previous support level of 3600 USD/btc. Some weak hands or some FUD news - cant really stamp any to the reason.

[kaizerblitz]

For me i'm still on hodling on that to the point that it is below in -15% down when you believe on a project on what you hodl a coin you will still believe on that.

[coingecko]

It depends on your objective and risk appetite. Risk takers will HODL, but that also means you need holding power.
If you need liquidity, better to cut lost and move on to something else.

[bit-freedom]

If you predict that the market will go down further, you should trust your own analysis. This is a way to practise trading. But however, I don’t think it is a good idea to short crypto at prices that have dipped so much. We will never know when the market trend turn to be bullish.

[SyamSoedin]

better sell at 15% red than holding till 100% red

[zhekinsp]

I don't support you to sell at 15% loss,if you are a trader,this is the time for you to make money by buying more and cut out you losses whe the market moes to 13% loss or even lesser and keep continue to make profits from it.