Quote from: levvv on April 16, 2019, 07:43:21 AM

Quote from: GospelCrypto2 on April 01, 2019, 12:40:33 PM

This is actually my first topic on the bitcointalk forum, been in the crypto eco-sphere for some time now but didn't really feel the need to join this forum until lately. As a trader/ investor the market has taught me some pretty tough lessons and am currently in search of solutions. My question is when does one get out of a trade or sell off a crypto investment?. I used to be a sucker for the hold gang but recent experience has taught me that sometimes you just need to sell off some cryptocurrency even at loss and move on with your life. Examples of such include dragon chain. I bought at the top a year ago and because of the fact that i noticed they were constantly having meetups and news on their social media, i felt sooner or later the market will correct and it will escalate in price. Fast forward to today am rekt and my investment is almost 92 percent gone.
I think its important to throw this question open to the public because a lot of noobs are coming through and although this happens to be the best time to join the crypto space, people need to be educated that it won't be always rossy, you might need to get out of some trades before it gets you down the rabbit hole and into wretchedness.
So blockchain experts and crypto enthusiast when do you say is the best time to get out of a trade? or Dump a long term cryptocurrency you invested in? What level of loss can you take before you hit the panic button?.

Wow, you just made your first thread in this forum and already meritted, how lucky you are !
In your case, you were buying the hyped coin like dragon chain. Buying hype coin is not bad, but you must sell it before the hype over.
If you missed it, you will have to wait for long to be able to sell with your buying price.

unfortunately there are a lot of such coins, and they are used only for trading, without carrying any more absolutely no practical value.