Hey guys,
I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
If you are considerably new to trading, try not to invest in so many altcoins, and start trading small first. If you are able to sell at a neutral price, then go ahead and sell some.I started to switch most of my investments to the top 10 coins, but even there the volatility is high. Today my main positions are ETC, LTC, NEM, STRATIS, XVG, STEEM and WAVES. However, especially WAVES, NEM and STRATIS have declined during the past weeks and I am not sure if this might stop anytime soon. Thus, I ask myself if it would be better to close all positions and observe the market for some weeks, especially because I am fully invested with my "crypto currency money" - if there is another drop I cannot buy any cheap coins. Obvisouly I made a mistake and invested too much...
What do you suggest? Would you sell some coins at a loss or wait? Due to the ongoing drops I cannot close the positions on a neutral/positive level.
If the drop is too low, I would rather hold it than to sell it, its just that you have to be patient and monitor the price at all times, feel free to create open orders that allows you to sell at a higher price though.
I would suggest still to hold on to Bitcoins for now, and maybe only invest a little of it into altcoin trading. Bitcoin still has a lot of potential for growth in the long run!
Stick to a few coins that you trust and like will do!