Quote from: coolcoinz on December 01, 2018, 05:34:47 PM

Quote from: btc-room101 on December 01, 2018, 12:47:32 AM

MORONITY is strong in this community,

Transactional trades in all human history have said "Cut your losses"

But in BITCOIN people are told to "HOLD THEIR LOSSES, ... all the way to zero"

INSANE is the btc community.

They aren't told. They are recommended to hold. Why? Firstly, because it's not going to zero, not now, not ever. Even if some governments ban it, it will still be embraced by others who want to show that government the finger.
Secondly, because it's not inflationary like fiat currencies. Its supply is limited, and it will still be there when weak fiat currencies are long gone. Read about the life expectancy of an average fiat currency. You'll be amazed how quickly they lose value and get replaced by new ones.
Why should we sell? I got my coins for cheap and although they've been through ups and downs their value is still higher than it was a year ago.

What you wrote here is like small concept of financial literacy which includes cryptocurrency trading. Holding lifetime is not way to trade colatile assets like bitcoin,penny stocks and other volatile financial assets. There different type of profitable strategies that can reverse the losses to winnings. Average price is key if trader wants to take advantage of price action which makes volatile up/down movements on market depth.