Quote from: BlackBoxRecords on February 08, 2018, 03:06:37 PM

Quote from: Kakmakr on February 04, 2018, 07:43:32 AM

The most common answer to this question will be to hoard and to wait for the correction to reduce or elimate your potential losses.

My suggestion to reduce potential losses, might sound a bit controversial, but it might just work in the current environment.

What I have noticed lately, is that the price is dropping within a $500 margin daily and then recovers.

So in theory, If you were one of the people who bought coins at say $18 000, and IF you sold now at say $9000, you would have lost more or less $9000.

My suggestion : Use these daily crashes to your advantage. Buy more coins when the price falls with $500 and sell when the price goes up with $500 again. After trading fees, your profit will be anywhere between $450 to $490 per coin/day.

Take the profit, put it aside and repeat this strategy until you have chipped away at the potential loss that you would have made.

Day 1 - $9000
Day 2 - $8550
Day 3 - $8100
Day 4 - $7650
Day 5 - $7200
Day 6 - $6750
Day 7 - $6300
Day 8 - $5850
Day 9 - $5400
Day 10 - $4950
Day 11 - $4500
Day 12 - $4050
Day 13 - $3600
Day 14 - $3150
Day 15 - $2700
Day 16 - $2250
Day 17 - $1800
Day 18 - $1350
Day 19 - $ 900
Day 20 - $ 450
Day 21 - $ 0

In 3 weeks, you can eliminate any possible losses, if you follow this example. This is definately not a guaranteed recipe for success, but given the current situation, this might just work. Cheesy

Oh, well, nice idea but terribly wrong. Basically you are saying that you can buy at mini-dips, the problem is obviously that you don't know when a dip has finished. If you want to avoid losses just sell when it has doubled your buying price instead of staying there hodling like an ass.

It doesn't really matter even though you don't know when the dip will end or start recovering, what's important is that you saw a dip, and you take this chance to add more to your initial investment and if it keeps going down, you can invest more considering you have the means to do so.

Also, waiting for your coin to double its price before selling like you said, is also the same as holding. You just don't seem to contemplate the difference about what you are saying.