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
Best to cut loss within the 10-15% loss. Accepting the loss is the most difficult part but if the market falls further like it did, you'd be happy you cut loss.
in my opinion, the cut-up above 10% is already very severe and should not be repeated again, especially if it occurs in ETH, BTC, EOS or other major coins which of course still has the potential to recover. Cut loss at a major coin like that is the most careless thing.