Quote from: CodyAlfaridzi on June 14, 2018, 04:23:41 AM

Quote from: hiphoptrail on June 14, 2018, 01:05:00 AM

Btc will always regain and have higher highs - it's only a waiting game as long as you don't have to cash out.
Enjoy that free advice, it works! Wink

Be careful on that one mate. Although I'm a longterm bull as well but having such optimism can be bad for you. If you have your financial life secured, then its ok to hold during losses. It's a waiting game, true, but nobody has forever. Our time is limited, the market could stay irrational longer than you can stay liquid. So it's okay to cash out with some losses. You can always buy lower or short the market.

That's hitting the nail on the head, but unfortunately it may not really sink in, because of what some people here deem as positivism, but which in reality might be ignorance at work. We known Bitcoin has a history of always bouncing back after a crash, but just like now, the market is irrational and may well remain so longer than many can endure or remain liquid enough to contain the draw down. Unless there's an emergency, there's really no need to cash out when market starts to reverse, instead we can hedge our open positions by buying Tether= USDT and hodling it until price bottoms out and starts to climb again.