Post
Topic
Board Altcoin Discussion
Re: Selling for a loss to buy cheaper crypto?
by
Wxrhino
on 01/04/2018, 16:03:09 UTC
Everyone recommends hodling but what do you think about selling cryptos at a loss to buy other cryptos for cheap? You might be able to profit from a more volatile altcoin, especially with all the big coins going down for some time now.

But then again, it might be a little late for that, what do you think?

It's actually not a loss until you sell it. It's very much like stocks, if you HODL and prices recover then you've lost nothing. Think of what happened to Costco stock after the Whole Foods announcement.