11-06-2021, 12:25 AM
Sometimes you need to sell at a loss, and put that money into something else. The op
<!-- SC_OFF --><div class="md"><p>Preface: There are coins you should hold because they bounce right back, even after dipping hard. Having said that...</p> <p>It seems that there's a very heavy push into "you don't lose if you don't sell". I've seen this line of thinking much more than "cut your losses and move on to something else."</p> <p>If you don't consider the consequences, you lose the opportunity to reinvest into another coin that can ultimately shoot so high that it offsets your initial loss. </p> <p>I'm very surprised to hear when crypto investors don't consider opportunity cost. The other day I had short discussion where someone said they have been holding to an investment for 7 months now. They have had money sitting there doing almost nothing for them.</p> <p>If they had put some of that money somewhere else, they would be making money</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GelDel12"> /u/GelDel12 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qni74p/sometimes_you_need_to_sell_at_a_loss_and_put_that/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qni74p/sometimes_you_need_to_sell_at_a_loss_and_put_that/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>Preface: There are coins you should hold because they bounce right back, even after dipping hard. Having said that...</p> <p>It seems that there's a very heavy push into "you don't lose if you don't sell". I've seen this line of thinking much more than "cut your losses and move on to something else."</p> <p>If you don't consider the consequences, you lose the opportunity to reinvest into another coin that can ultimately shoot so high that it offsets your initial loss. </p> <p>I'm very surprised to hear when crypto investors don't consider opportunity cost. The other day I had short discussion where someone said they have been holding to an investment for 7 months now. They have had money sitting there doing almost nothing for them.</p> <p>If they had put some of that money somewhere else, they would be making money</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/GelDel12"> /u/GelDel12 </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qni74p/sometimes_you_need_to_sell_at_a_loss_and_put_that/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/qni74p/sometimes_you_need_to_sell_at_a_loss_and_put_that/">[comments]</a></span>Kind Regards R