So I have like 33 BTC and have a buy average of 705 USD as I got in the game late. Is it smart to just sell at a loss now in hopes the price will go down to the $400 to $500 range where I can get more btc for the price even though I will be still at a loss until like $650. I know a lot of you will be saying I should have sold earlier but I am a newbie and just kept hodling.
My friend,
You are here reading lots of posts from people who daytrade.
Ignore all this moment-by-moment chatter and angst.
You are zen. You do not try to time the market. You do not succumb to illusion.
You have bought at various times and at various prices.
What you bought at is
irrelevant. None of that matters now -- your decisions bear on the future.
What, you can't wait six months or a year to make a fat profit? You'd rather throw it all away and sell now?