Quote from: uray on February 19, 2021, 11:00:14 PM

Quote from: Travel Standard on February 15, 2021, 03:44:48 AM

My buying price was also good and investment not much.
I was in a loss of around 300$ almost
It started gaining i stopped. Selling and decided to wait for it to come back. I am in 300$ loss currently Total investment was 689$ all in spots currently.

I assume that you were worried about the price of bitcoin and right now the price has rallied and it is another all time high valuation and hence your query is sorted i guess. My only advice to anyone in the market is to never sell the coins at a loss, all you need is the patience to hold for a long period even if the market goes down as the market will recover eventually.

Never selling at a loss actually depends on whether the person is a trader or an investor. Investors can hold their coins for a long term and need not worry about the short term dumps.
In the long run almost every potential cryptocurrency gains in price. If the person is a trader then it depends on his strategy.
If he wants to minimize losses and save his capital then not selling would be a bad idea. Selling at minimum losses and then buying back at the bottom should be a sure short approach to maximize gains.