Quote from: kingcolex on July 24, 2019, 12:09:51 AM

Quote from: fiulpro on July 21, 2019, 08:37:51 AM

Hey

I once came across a time when I was unsure where the market is going to take us , thus I brought at a very high price , unfortunately the price came down as quickly as it climbed up.

The reason I believe I haven't lost even a single penny is because I believe you cannot loose when you don't encash.

Therefore I still believe holding for the long term can actually help you .

That's the big joke on wallstreetbets, you can't lose if you don't sell, but obviously that isn't true, if you're holding a shitcoin like bitconnect and it goes to zero you have lost, regardless of selling or not.

If you are holding a shitcoin, you better forget about this mantra. This is not absolute, after all. If you are holding Bitcoin, this applies. I am also with the preference to hold my BTC if it falls lower than the price I bought it, unless there is a pressing need to sell at a loss. I guess the OP refers to BTC since this thread is on this section.