Should I sell ADA for loss to buy more bitcoin at this dip?

[raji1995naya]

Keep ADA for the time being because alts season is approaching, and you don't want to be left out. Take profit as ADA hits its All-Time Peak and Though the sum is small, if it pumps, the OP might make a lot of money. As a result, he can keep an eye on the ADA market and sell when it peaks. In the very least, you're selling for a profit rather than a loss.

[xeravy]

I still find it really weird that people with enough technical knowledge to mine Ethereum still have questions like this. I mean first of all, how you can be buying ADA when you mine ETH, and then buy BTC.

Just keep mining your ETH and hodl. When ETH 2.0 comes and it's full staking you'll really be glad you stashed up on Ether because everyone will be staking it.

So the thing is mining ethereum was just a temporary hobby. I used my RX 480 4gb GPU to mine ethereum for a month and a few weeks. After the pool sent me my ethereum I waited a bit until ethereum reached its peak and sold it for 103$ (initially 86 from mining). I then used the 103 in my exchange to buy 66% bitcoin and the other remaining in ADA. Just because I have enough knowledge to mine doesn't mean am a good trader. I cant mine more ethereum as 4gb cards cant mine ethereum anymore, I was lucky to be able to mine for a month and I dont have that much spare money to buy more eth so I decided I would learn how to trade and put the money to good use instead of cashing it out like any other 19 yo would do. And that's how people learn at the end of the day, thx for ur comment.

[bittraffic]

Keep ADA for now. They have Africa Special in 6 days and maybe they will present some big news there. If it comes to be like that ADA will really pump in price so I would hold for now.

That will probably pump the price a bit but his investment is just $33 for ADA, it's too little for something to expect a huge return, I doubt you could get a single ADA in one epoch when its staked. It will take years for $33 worth of ADA to be $500 but it may just be worth the wait since the adoption of cryptocurrency is increasing particularly in Africa. Who known what could happen when ADA development of the smartcontracts and tokenbridges will bring ADA to its full potential.

[DOH!]

A few days ago I had 100$ in my portfolio that I got from mining some Ethereum. Without much thinking I bought 66$ worth of bitcoin when BTC was selling for 60K. I also bought some ADA Cardano with the remaining 33$. Now both bitcoin and ADA prices have dipped significantly. I was wondering should I sell my ADA for the loss of 1-2$ in order to catch more gains in the next Bitcoin bull run?. Or should I hold both of them. To me holding 30 bucks worth of ADA isnt that good in the long run. I am planning on investing larger amounts in ADA  as I honestly believe in their project, once I get hold of things and establish a decent portfolio. Am new to trading and am still learning the technical and fundamental aspects of things. Any advice is appreciated!.

So you already have 0.0011 BTC, so you can still use $ 33 to exchange ADA / BTC with a good rate of approximately 0.00067 BTC.  But given this small capital, I think your should keep holding ADA and waiting for bull run.  ADA is also an altcoin that favors and nudges the current requirements well.  Good to keep

I mean, if the funding is this small, there's no need to worry.  Do not let your psychology fluctuate, do not buy or sell right now.

[bluebit25]

I don't know how to think about it, but I find it funny that the OP is hoping for a sum of $100. Let's start with a worthy number to get serious advice, I personally although not a lot of money, but I never intend to invest such a small amount in anyone is a market. Redefine what it means to invest and what gambling is, if you say your assets only allow you to start with $100 then sorry I can't give advice to an over-calculated person. With a single money it is not going to help much in the present life.

[Psynthax]

$100 is not really much for bitcoin to be frank and selling at loss isn't good thing either not to mention that ADA is definitely more suitable crypto for you considering your portfolio, also you only lose your money if you sell it. ADA tbh has been having quite good performance and could probably dominate again in the future meanwhile if it's btc, even by making some transaction it's already eaten up 25% of your asset except you want to keep it on the exchange wallet you're not gonna need to spend money for gas fee.
IMO if i were you i'd just stick with ada waiting for pump and then sell, later buy the dip, there's reason why ADA could go this far in market cap ranking in website like cmc because people sees the project as good.

[Teraboy]

You are only wasting your time when you wanna try to convert your ADA for bitcoin. You can even imagine how much profit that you will get from your $100.
Bitcoin is always increasing from small to the small. You can get only 10% as the maximum gain on bitcoin and this takes a very long time to go.
Try to keep your ADA is the best thing right now.
Bitcoin is not so profitable for the small buyers.

[bitjoin]

I don't know how to think about it, but I find it funny that the OP is hoping for a sum of $100. Let's start with a worthy number to get serious advice, I personally although not a lot of money, but I never intend to invest such a small amount in anyone is a market. Redefine what it means to invest and what gambling is, if you say your assets only allow you to start with $100 then sorry I can't give advice to an over-calculated person. With a single money it is not going to help much in the present life.

I see it from a different angle:
The OP can still be said to be a newcomer to this forum and the crypto market, so he must be able to adjust to the atmosphere in the market.
As a newcomer is starting trading with an initial capital of $100 is good enough, means he has the will learn how to trade in the crypto market.
Whatever we do need a process buddy. Likewise, when you have first got to know cryptocurrency, everything started from ZERO.
It doesn't make sense for someone who is new to cryptocurrency to immediately trade with a large amount of money because it is very risky for him, unless it is done by a professional trader it is very normal.

[slaman29]

That's not a big problem that you should be thinking because you can test the market with that amount and see which will benefit you most. It's like an experiment to you that you must do it without any regrets.

I don't know. If I'm mining, then I'd be focused on making more fixes and tweaks and upgrading to my mining and do the best to get the most out of it. I would maybe maximum merge mine to get all other alts and help supplement my income.

Testing waters with trading random altcoins? I think that's a bad recipe to lose money.

[conected]

You are only wasting your time when you wanna try to convert your ADA for bitcoin. You can even imagine how much profit that you will get from your $100.
Bitcoin is always increasing from small to the small. You can get only 10% as the maximum gain on bitcoin and this takes a very long time to go.
Try to keep your ADA is the best thing right now.
Bitcoin is not so profitable for the small buyers.

- Agree, converting from ADA to bitcoin will not be perfect due to the inappropriate capitalization level and even if the capitalization conditions are full, our profits may not compensate for the sale of ADA in a stop loss state. Most especially, the dip phase is very sensitive to the value of bitcoin, it can drop very drastically when the market has always placed it as a barrier to prevent the residual wave and if we don't carefully convert, we lose even more while ADA is quite limited in dip, it seems to carry a stabilizing factor, which is quite reassuring that the recovery time will be fast and not risky.

[Blitzboy]

You are new to trading but you still enter a trade with a high potential of loss because where you bought bitcoin and ADA are considered overprice. My only advice is keep holding instead of looking at the charts and feel remorseful. Being patient and your coins will soon return to where you buy, even you will have some good profit

Right now, you should continue to learn trading more because it can give you more knowledge about the crypto market

[livingfree]

That's not a big problem that you should be thinking because you can test the market with that amount and see which will benefit you most. It's like an experiment to you that you must do it without any regrets.

I don't know. If I'm mining, then I'd be focused on making more fixes and tweaks and upgrading to my mining and do the best to get the most out of it. I would maybe maximum merge mine to get all other alts and help supplement my income.

Testing waters with trading random altcoins? I think that's a bad recipe to lose money.

You have removed the other quote that I've said.

It's about ADA and bitcoin and I'm suggesting to test both of it if it's going to work for OP. That's the experimentation that I'm saying not with any random altcoins.

Because doing that isn't really a good strategy.

[bluebit25]

I don't know how to think about it, but I find it funny that the OP is hoping for a sum of $100. Let's start with a worthy number to get serious advice, I personally although not a lot of money, but I never intend to invest such a small amount in anyone is a market. Redefine what it means to invest and what gambling is, if you say your assets only allow you to start with $100 then sorry I can't give advice to an over-calculated person. With a single money it is not going to help much in the present life.

I see it from a different angle:
The OP can still be said to be a newcomer to this forum and the crypto market, so he must be able to adjust to the atmosphere in the market.
As a newcomer is starting trading with an initial capital of $100 is good enough, means he has the will learn how to trade in the crypto market.
Whatever we do need a process buddy. Likewise, when you have first got to know cryptocurrency, everything started from ZERO.
It doesn't make sense for someone who is new to cryptocurrency to immediately trade with a large amount of money because it is very risky for him, unless it is done by a professional trader it is very normal.

I do not think like you, simply as a newcomer to this market what is the thing to do? Start with small money and know it will be lost, if the OP is a complete novice I think that $100 invested in this market knowledge would be better than using that money to delusional itself that is an investor and needs advice. It is really stupid to just dive into something that they themselves do not understand what it is and what it will be like. I keep my point of view, don't start with a small amount of capital because it will not help much, if unlucky, I am sure OP will spend more than $100 to stay in this market.

[slaman29]

You have removed the other quote that I've said.

It's about ADA and bitcoin and I'm suggesting to test both of it if it's going to work for OP. That's the experimentation that I'm saying not with any random altcoins.

Because doing that isn't really a good strategy.

Yes, sorry, I tend to snip out comments when quoting but I did get it and I still stick to what I said. If OP is actually mining, I think it's a bad idea to enter into trading as well. You want to specialize into a field, not branch out. Otherwise you get to be a little of everything but never good at one thing. PLUS if OP is mining ETH, then he loses out in transfering out to trade, the commissions and fees, etc. Better to mergemine.

[sarmrakib]

A few days ago I had 100$ in my portfolio that I got from mining some Ethereum. Without much thinking I bought 66$ worth of bitcoin when BTC was selling for 60K. I also bought some ADA Cardano with the remaining 33$. Now both bitcoin and ADA prices have dipped significantly. I was wondering should I sell my ADA for the loss of 1-2$ in order to catch more gains in the next Bitcoin bull run?. Or should I hold both of them. To me holding 30 bucks worth of ADA isnt that good in the long run. I am planning on investing larger amounts in ADA  as I honestly believe in their project, once I get hold of things and establish a decent portfolio. Am new to trading and am still learning the technical and fundamental aspects of things. Any advice is appreciated!.

Hello mate you don't have much fund so what are you thinking for you can earn a few only .I think first you need to increase your capital then you can invest on different coin .Its always great idea to invest on bitcoin and ADA is also a good coin but you need to have a healthy fund before invest if you wanna get a good return.

[Slow death]

Any advice is appreciated!

current bitcoin price is at $53000 and is consolidating, probably in the next few days it will approach $57000, I think you have to wait to see how the bitcoin price will behave and then make an assessment of how much damage you have had. because the ADA price in relation to USD will increase if the bitcoin price also increases or if there is some good news about ADA. after that big pump weeks ago I didn't see a big price increase



the resistance that is in the $1.55 zone is still a major obstacle. ADA would need good news to break this resistance, I hope you haven't bought it for more than $1.40

[livingfree]

You have removed the other quote that I've said.

It's about ADA and bitcoin and I'm suggesting to test both of it if it's going to work for OP. That's the experimentation that I'm saying not with any random altcoins.

Because doing that isn't really a good strategy.

Yes, sorry, I tend to snip out comments when quoting but I did get it and I still stick to what I said. If OP is actually mining, I think it's a bad idea to enter into trading as well. You want to specialize into a field, not branch out. Otherwise you get to be a little of everything but never good at one thing. PLUS if OP is mining ETH, then he loses out in transfering out to trade, the commissions and fees, etc. Better to mergemine.

Well, it's up to him whatever he wants to do.

He get some profit in mining and he wants to grow his bitcoin stash and that's what he's resorting to do. Well, I'm also going to do that if I'm decided to get more bitcoin instead of holding it on any alt.

That's diversification for you and it's also a good strategy that most of us know.

[cmg777]

It depends on what you feel is right. If I were you I'd sell half if you think ADA will possibly continue to dominate but it might have peaked already. Or you can keep a quarter if you want to really diversify.

[milewilda]

A few days ago I had 100$ in my portfolio that I got from mining some Ethereum. Without much thinking I bought 66$ worth of bitcoin when BTC was selling for 60K. I also bought some ADA Cardano with the remaining 33$. Now both bitcoin and ADA prices have dipped significantly. I was wondering should I sell my ADA for the loss of 1-2$ in order to catch more gains in the next Bitcoin bull run?. Or should I hold both of them. To me holding 30 bucks worth of ADA isnt that good in the long run. I am planning on investing larger amounts in ADA  as I honestly believe in their project, once I get hold of things and establish a decent portfolio. Am new to trading and am still learning the technical and fundamental aspects of things. Any advice is appreciated!.

You can opt to sell the half for you to buy more bitcoin and the other half would be kept on ADA but its entirely depending on your choice.Profit wise then ADA could give it out on a short span of time
considering the ranges on how much profit you could possibly make then its clear that Alts could really give out that chance but if you do stick aside with some sort of security or guarantees for long
term then no doubt that Bitcoin could give that but its up to your own choice though because its your money.Try to make some balance and realizations before making further step.

[goinmerry]

Don't be confused about small paper loss. It's not your actual loss until you hit the Sell Button.

Just hold those. Think of working on new money so you can accumulate more of that.

If you're not able to hold for long, you can't make good profits in the future.