Quote from: tigershark on July 16, 2017, 08:39:46 PM

Quote from: Fcola- on July 16, 2017, 01:22:49 PM

Hello,
I bought into BTC when it was worth both 2550 and 2320 for my personal trading. I now have 0.2007 BTC and not sure when I should get out. I have lost in total a hundred dollars just to the price of BTC. Is it worth it to get out now or should I wait for it to go back up to these prices?

You might as well wait at this point because the price will eventually recover. If you sell now you will be selling for a loss so just go for the long term investment. It's best to not watch the price right now in your situation.

The price is just under $1900, so you basically have two options at this point:

1) If you think the price will continue to drop, you could sell now for a loss and try to buy back at a lower price to help improve your position a little. Then wait for the price to get back to above $2500.

2) Hold and wait. Since we don't know if the price will continue to drop, you could just wait it out and eventually sometime next year, the price will recover and you will still make a profit.