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Crypto Rap! Established Fact About Dumping Coin: Never Sell A Crypto For A Loss Cos Of Fear!

Discussion in 'Bitcoin Investments | Discussions' started by Prezzy, Sep 6, 2017.

  1. Prezzy

    Prezzy Leader Protector

    Hello Jackobians, welcome to the crypto Rap! today, we are all enjoying the show back made by Bitcoin and the other coins too. I want to say something about the frequent rise and dump of cryptos as some of us are getting used to by now.

    What is cryptoRap?
    It's crypto Rap, a daily cryptocurrency recap where we talk about the most recent and most important things and the most exciting things in the world of cryptos! Of course, as it should be in every gathering of like-minded individuals, we have the drink of crypto to share so be sure to bring your DOgecoin addresses along as we give out free Dogecoins each time we rap!

    Uhm, i know that this has probably happened to you as an investor in Bitcoin! You bought some coins and all of a sudden, the coin started dumping and at an ugly pace, then it seems all hope is gone and noone is ever going to look at them anymore then they make a U-turn and start speeding back! but you have sold your holdings before then.
    pretty bad.

    it has happened to me severally and that's how i know it.
    However, there is something else i have been seeing for sometime now and it goes like this: never sell a coin for a loss and over time, i have come to believe that it is true because indeed, it is true.
    and the meanining is straightforward: do not sell any coin because you think that you can no longer make any profit in it probably because noone is buying into them and it's losing value constantly.

    However, it doesn't mean that it's the best advice and i will tell you why and also what you can do which i think is a better way to approach this kind of situation.

    How i think you should Handle it

    Instead of just sitting idly and wiating for the coin to come back up, you can sell off at a loss and there is only one condition for this!

    an example:

    I spoke with a Jackobian who wanted to sell some cryptos today. I bought from him as you will expect but first, i aksed him: are you selling because you are scared?

    he simply said no, "
    i believe in the magic crypto has".

    I nodded. Yes.

    so, that's the only condition in which you can should coins: You have need for the money and not because you are afraid that it's not coming up again!

    How about selling a coin to buy another?

    It's not always a good idea because there is no way for you to be sure that the new coin will do so well so i will rather you don't sell unless you are 100% sure which you cannot be! so be at least double sure of your move.

    so, guys that's my advice for the crypto family today!
    you are welcome to drop your doge address and let me know what you think about this style of trading below.

    thanks and see you in yet another RAP!
    Barnabias and preshtego like this.
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  3. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

    If the coin is serious and look need of panic,what to cover the loss is patience

    Barnabias and Prezzy like this.
  4. preshtego

    preshtego Well Known

    This is the best time to buy the coin you have been eyeing and watch out in some month time i bet you, you whnt regret it. Evrytin is turnin green gradually nw, jst watch out. take the risk
    Prezzy likes this.
  5. Prezzy

    Prezzy Leader Protector

    It's becoming less like a risk and more like a sure thing right now.
    preshtego likes this.
  6. Prezzy

    Prezzy Leader Protector

    That's right. Some coins are slow though and require unnecessary amounts of patience bro.
    gbolahan likes this.
  7. Prezzy

    Prezzy Leader Protector

    Doge sent!
    Finally I did this again.

    It's really good to see the Raps come back. Where are Jackobians?
    Show up. The Raps are back!
  8. Prezzy

    Prezzy Leader Protector

    Sent bro. Enjoy.
    gbolahan likes this.
  9. preshtego

    preshtego Well Known

    thnks bro
  10. gbolahan

    gbolahan GBOLAHAN Crypto Guardian

  11. Prezzy

    Prezzy Leader Protector

    You are welcome guys. Waiting for more Cryptics to roll in.
  12. Barnabias

    Barnabias Leader

    Nice one
  13. Tbossofficial

    Tbossofficial Well Known

    Hnmm! That's how I sold my SAFEX some weeks back b4 it started pumping
  14. Barnabias

    Barnabias Leader

  15. Tbossofficial

    Tbossofficial Well Known

  16. pinnacleseth

    pinnacleseth Jackobian

    honestly I think its better to keep your cryptocurrency than selling it cos it might be valuable in future