RE: Time for another investment round in cryptos?
I've been struggling with the same issue. I have a very diverse portfolio right now, and I'm making loss on most of the coinsin there.
I haven't been following up on what is going on on the market, which makes it very hard to make smart decisions.
I have been planning to sell off all the small ones a couple of times, but after doing a little research, I eventually decided not to.
As long as everything is in this downward tend, it is difficult to forsee how the market will look like two years from now.
I simply don't have the knowledge to make educated choices; most of the coins I have now I have bought based on my gut feeling more than on decent background research.
So I think I will keep what I've got for now. Except for my BTC and ETH, selling at this point would mean losing a lot of money. I think I prefer to sit it out a little longer... the market prices can't keep going further do n forever, can they? I tfuly believe that the market will go bullish again. When my potential losses will be smaller, I might start to look out for new coins of which my gut feeling tells me I need to invest in tbose.
I already decided some time ago, that I rather would like to see my portfolio go bankrupt than the sell my coins too cheap or with a loss.
But if I do invest again, I will make sure to sell once in a while if I am into profit. This way I will have some kind of war chest, for when the bears enter the market again!
And believe me, nobody can see how things will look 2 years from here!
I agree. I still beat myself up for not selling everything in December. My portfolio was worth $100k - the profits would have been huge.
Now would have been a perfect time to buy in again.
But I was stupid enough not to sell a thing, and now my portfolio is worth only 1/6th or so.
But I guess there is no use crying over spilled lik. Only lessons to learn. When the bull run goes as high again, there won't be a doubt in.my mind about selling and cashing in at least part of my profits...