Quote from: fasdorcas on October 21, 2017, 03:13:58 PM

Quote from: gabmen on October 20, 2017, 05:34:30 AM

Quote from: mukeymon on October 20, 2017, 04:42:33 AM

Quote from: shamzblueworld on April 03, 2017, 12:16:12 PM

So in trading how do you deal with loss? For example you've invested in an alt and now it has fallen quite hard and you're on the brink of losing all your bitcoin you invested in it.
How do you actually deal with it? Do you wait and keep on waiting in hope that it will bounce back up and return your investment or you sell and get whatever left of your investment?

If I encounter it I might sell loss, if some altcoin drops too fast instead of continuing to hold, I can sell the hole to reduce the loss.

That's why i don't deal that much with the newer untested altcoins yet. You won't know if it's going to bounce back or not compared to trusted regulars like btc and etherium. I seldom end up in losses now because with these coins i'm trading with, all you need is patience.

Some of the new altcoins are actually the hardest to purchase immediately as most of them gets pumped in the market immediately and gets dumped afterwards within few days. However, it depends on the project and the support you really have for it probably if you want to keep for the long term, but for a regular trader, there are just some altcoins, you want to stay away from.

better to stay with those coins that have a big potentials and never to get engaged with pnd coins, there's already a lots of proven alts which have
a big value in the future so while bitcoin are really rallying up better to buy those old and quality coins and forget about your loses and start thinking
of a better future as you can't get it back if you wont act fast.