Kakashi2020 Posted November 25, 2018 Share Posted November 25, 2018 If you bought Bitcoin at 5 4K and the price after 6 months slid to 3.8K would you consider cashing out and cutting your loses? Quote Link to comment Share on other sites More sharing options...
Onizuka Posted November 28, 2018 Share Posted November 28, 2018 I wouldn't be in that point because I would have monitored my investment daily instead of just checking back after 6 months lol. I would have cut at -5% or even -8% and waited for an opportunity to re-enter. Many big losses start at small, and with proper management they should stay small. Protect your capital so you can always make when the market is more "green". Quote Link to comment Share on other sites More sharing options...
Kakashi2020 Posted December 3, 2018 Author Share Posted December 3, 2018 On 11/28/2018 at 4:51 PM, Onizuka said: I wouldn't be in that point because I would have monitored my investment daily instead of just checking back after 6 months lol. I would have cut at -5% or even -8% and waited for an opportunity to re-enter. Many big losses start at small, and with proper management they should stay small. Protect your capital so you can always make when the market is more "green". I would have to agree with you that cashing out between -5 to -8 to cut back losses and just reenter again when a good opportunity arises is a sound and logical move. I would also have done that if the market permits. Because the price flactuations specially the drops are super fast, that sometimes it does not give you a chance to sell. Quote Link to comment Share on other sites More sharing options...
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