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RE: When People Ask "Is It Time To Sell?" (End of Crypto)
It's more complex than that. Do you think it will drop more than 10%? If you do then you should sell it all and buy it back when the price becomes stable.
I sold my 4.25 Ethereum when it was at $300 on Sunday. Right now I could take that $1300 and buy 5.43 Ethereum. That's 27% more. Or I could buy back my 4.25 Ethereum for $1021.
Simply continuing to hold it while it drops and drops and drops makes absolutely no sense.
Well, I agree, if you're just in it for the short term profits. If you're investing on the technology itself, that's when I suggest the HODL strategy. Otherwise, if you sell while it's going down, you're locking in your loss. That's what doesn't make sense to me. If I'm gonna trade, I will sell while it's high, not when it's low.