Quote from: alyssa85 on February 05, 2018, 02:14:45 AM

Quote from: pianomikey on February 04, 2018, 07:14:33 PM

If you bought at $1000, congrats, you got in on the ground floor (which was actually less than $1 but I doubt anybody here cares about that). If you bought at $10,000, cut your losses and soon. Progressively lower highs for over month bode extremely poorly. The long-term technical damage to the chart has made it screamingly clear that this is an asset bubble, and a real humdinger.

Even if you bought at $10,000, as long as this is money you don't actually need, you don't need to sell and cut your losses. There is another option, which is to lend your coins out on Poloniex. Your total stash in bitcoin will then accumulate, which lowers your average purchase price, and you can then simply wait for the market to turn. This is what loads of people did when bitcoin went into a bear market in 2014-15.

You only need to sell and crystallise your loss if you desperately need the money for something else.

I partly agreed on how you seen it positive even if you needed to sell your asset just to compensate the losses. But, I think its not a good mindset that if you in need of money you immediately sell what you only have wanted to. The good thing about it is too always think about how your crypto will soar high, even though some people may think that its getting uglier with the current dip of bitcoin price towards trading scenarios.