Post
Topic
Board Trading Discussion
Re: Always keep fiat while holding
by
gabmen
on 29/08/2018, 16:12:52 UTC
I holded some fiat and tether, and I saw bottom few times and I buy, and price goes lower, and I buy again and it goes down again, with btc crash wasn't hard, but altcoins were bloodbath! I remember how I was smart buying BTX at 11$, I thought it cant go lower  Cheesy

I wonder how much you've loss now in btx with its current price of $1.24, so basically you loss over ×10. And yeah it dump harder from what you've think.

OP is just waking us for holding too much altcoin because in reality it's unwise to hold it because its losing their value along the way. Maybe for some they need more eye opener to realize what they're holding in their bag. Though cut lose is sometimes unacceptable but if you see that it's hopelss then maybe it's time.
 

Well if you're planning to hold for a long time, might as well stick to the old reliables like ethereum. And make sure you're prepared to hold until it's worth selling. Also having fiat or usdt available is quite a safety net for a lot of traders. With a market this volatile, having it on hand would be quite useful especially in a bear market.