Quote from: taktik on April 28, 2018, 08:12:11 PM

Quote from: sigtmerchant on April 28, 2018, 08:07:33 PM

Quote from: adroitful_one on April 28, 2018, 08:00:27 PM

I think holding long term will help cut your losses. Coins will drop down -50% or so sometimes, but eventually bounce back up. Key is to hold them for longer than a year or more. Eventually they'll get you into profit. That's when you sell. But, you can't buy into coins that aren't worth anything and expect to do well. You can't polish a turd into gold.

This is right, but if we're talking about the amount dedicated for trading - allowing it to be stuck in positions for long term isn't always an option as you may end up with no free BTC to trade with.

if you think that you can not cope with the crypto currency or with your losses, it is better to invest your money in a real business or where you have more experience.

Try to read my message again. Than again, until you fully understand it. This is not about losses or gains, this is about my trading strategy. I use a fixed deposit amount on exchanges which I use for trades and withdraw all profits.

sigtmerchant

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