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Author Topic: It's good to cut some losses  (Read 87 times)

Offline CryptoBlast

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It's good to cut some losses
« on: March 17, 2019, 01:41:57 AM »
Sometimes it is good to cut losses. This is the main reason why every investor or holder of a coin must know the potentials of the coin in possession. Not all coins are worth holding because not all of these coins entering the crypto market survives for long term. Some coins continue to fall and never rise again until they die off completely. Research into the project and ascertain the potentials of the coin, if it is not likely to rise, it is better to trade it for a more valuable coin on the market - perhaps for any of the large cap coins.
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Offline gurunanakji777

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Re: It's good to cut some losses
« Reply #1 on: March 17, 2019, 07:37:42 AM »
Yes I agree with you one should understand there is no use of holding low potential coins in its portfolio its always better to sell it off and buy other high potential coins to trade or hold.


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Offline ryap12

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Re: It's good to cut some losses
« Reply #2 on: March 17, 2019, 10:46:26 AM »
Sometimes it is good to cut losses. This is the main reason why every investor or holder of a coin must know the potentials of the coin in possession. Not all coins are worth holding because not all of these coins entering the crypto market survives for long term. Some coins continue to fall and never rise again until they die off completely. Research into the project and ascertain the potentials of the coin, if it is not likely to rise, it is better to trade it for a more valuable coin on the market - perhaps for any of the large cap coins.

In other words, do not hold so many coins/tokens for you to easily track their progress. Choose the best of the best! I suggest holding 20 coins/tokens at least if you have cryptocurrency as your part time job so you still get a chance to check at least 1 project everyday. But if you you it full-time then hold as much as your brain can contain.

 

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