Post
Topic
Board Altcoin Discussion
Re: Cut losses
by
senin
on 19/12/2018, 20:34:13 UTC
OK so I bought ETH a while back when it was 600 dollars.

Now that ETH is 275 is it a good move to sell my ETH and buy back in? Wouldnt profit be faster when market picks up like that or not?

Please help me understand
Cryptocurrency needs to be bought at the lowest possible prices, and sold at the highest possible. Only in this case, we can hope for a profit. If you bought ethereum at a price of $ 600, then selling it for $ 275 will bring a loss. In order to make a profit in this case, it is necessary to sell it when this coin will cost more than 600 dollars. Given the current state of the cryptocurrency market, it will not be soon.