You don't loose if you don't encash

[mirakal]

I'd like to tell you that this is my mentality, at least I'm convincing myself that I will not loss money if I will not encase and even if my total portfolio now is only worth 10% of its original value, but I'm still optimistic the market will recover, especially the altcoins market.

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[Periodik]

I'd like to tell you that this is my mentality, at least I'm convincing myself that I will not loss money if I will not encase and even if my total portfolio now is only worth 10% of its original value, but I'm still optimistic the market will recover, especially the altcoins market.

There's the strongest hand. But I am personally taking this as a very risky strategy. In fact, a lot riskier if you take into consideration the altcoins market. Many of them are severely affected by the bear market so much so that they seem not have moved on a bit in their development. Volumes have turned into zero.

My decision regarding this will always be on a case-to-case basis. I will never sell a portion and encash my Bitcoin at a loss. But as to some shitcoins I am holding, I am very willing to let go of them even with a loss. 

[meanwords]

Hey  
 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

True, you haven't lost anything, except the decline in the value of your assets, when you still hold it tight. But, most people who experience a decline in the value of their investment, usually will panic and tend not to think about the possibilities that can still occur later on. In a panic, people usually think shorter because they are afraid of losing everything.

That's probably the first thing that a person would think. Most of us doesn't know how to read the movement of the chart which will result into panic once an asset starts to decline slowly. I think a deemed lost is still a loss in profit especially in the altcoin market where most project tend to die quickly without being able to recover. There's a high possibility that you would loss the value of your asset.

[Mulann2]

This only happens when you are hodling an alts/coin that is very active in project development but in the case where you are hodling a shit coin and there is an opportunity to sell and regain part or all of your investment, better do so otherwise you ended up hodling bags of worthless shit coins.

[bryant.coleman]

In some cases short term is more reasonable. But it makes sense. The major part of my investment is long term and I believe I won't lose.

Long term is not preferred in the case of smaller altcoins. 3-4 years back, I had invested heavily in altcoins. I had a large number of different coins, including Bitsend, Byteball, Litecoin, Denarius and Namecoin. Apart from a few such as Litecoin and Ethereum, most of them have lost at least 95% of their value during the last 1.5 years. Some have lost 99% of the value and are no longer traded in the exchanges. The trick is to convert them to more stable assets (such as fiat cash and Bitcoin), when you are having a chance. Once the prices crash and the coin is no longer actively traded, you may not be able to encash them. Another thing that can be planned is partial profit booking at fixed intervals.

[crwth]

I think the best way to do it is to be consistent with your trading and your principles should be rock solid with what could happen. Like if you ever reach the negative 2% with your entry, you would go and just cut losses, no emotional attachments towards it. It's just going to be like that most of the time, it's not a flaw with humans, but it could be a barrier towards your achievements with you. Something like that could hinder your growth and it's up to you if you decide to be helpful or not.

Personally, I'm struggling with that myself and I try to be consistent and not be emotional with my trading.  

[Pamadar]

This only happens when you are hodling an alts/coin that is very active in project development but in the case where you are hodling a shit coin and there is an opportunity to sell and regain part or all of your investment, better do so otherwise you ended up hodling bags of worthless shit coins.

This is reality, you have to be specific with alts that you are currently holding, it's not a good idea holding a shitcoin where only downfall always took place, before doing this investment you need to have proper research and make sure that good assumptions and a big trust to certain project has been established, from that point of views you'll be able to confidently hold and wait for the coin to growth.

[Kasabus]

Personally, I'm struggling with that myself and I try to be consistent and not be emotional with my trading.  

We can't avoid that, though we learn already from our previous mistakes but when difficult time comes we do struggle because we are just humans.
It is just important that every time we commit mistakes, we should try correct by not doing it again, try to be consistent controlling your emotion as no good strategy would work if you are not in charge with your emotion.

[crwth]

Personally, I'm struggling with that myself and I try to be consistent and not be emotional with my trading.  

We can't avoid that, though we learn already from our previous mistakes but when difficult time comes we do struggle because we are just humans.
It is just important that every time we commit mistakes, we should try correct by not doing it again, try to be consistent controlling your emotion as no good strategy would work if you are not in charge with your emotion.

That's just the reality that we are in, the struggle is part of our lives. It just so happens that you have a lot of conflict going on with your mind and emotions. I think that's how we really learn, by doing the wrong things, expecting the unexpected, and trying to be better every day. It's not quick and easy to change, it's a process where you need to follow the protocols and do what's right.

[ghost424]

Hey 
 
I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

This has been my personal experience and i have lost a lot. It may still be true that you wont lose a single penny if you dont cash out the money you own as an digital asset BUT HODLing too much might have a bad effect. The prices may change drastically and the value you are keeping might fall to nothing. HODLing might still be useful but you need a lot of patience and keep supporting the Cryptocurrency that you are rooting for.

[pundit]

That is right if you do not close your position you are not in profit or loss. Thinking long term investment in crypto is a good idea but the same time waiting till infinity is not good. BTC went to nearly $20000 from $1000 but few people did not book the profit then it again came back to $3300. When there is bull run most of the investors become greedy.There should a proper plan for any investment I believe. If someone invested in BTC at $5000, he should book some profit at one level say $10000 and let the rest run will SL at BE. Such plan can fetch good profit to any investor instead of waiting for a long long time w/o knowing the point of exit.

[d_fitrie]

Minimizing large amounts of losses then trades at some of the current prices, if the market shows a significant decline and buys back when the price falls to allow your capital to return
I applied the trading mode above personally and was a good solution to overcome the big losses