Never sell at a loss. HODL till a spike happens. If you don’t have confidence in the coin your holding. Put in your sell orders and put it on ice.
Then when the spike happens sell and move to more promising coins. Bts. Eos. Steem.
RE: DigiByte (DGB): Ready for a 520% Profit Potential? Check out this Blog Analysis!
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DigiByte (DGB): Ready for a 520% Profit Potential? Check out this Blog Analysis!
azin, never never sell at a loss. patience is the key.
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insert warren buffet meme
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I get what you say, but sometimes with a coin you don't have too much confidence in (like DGB for me!) , you want to cut your losses and put what funds you have to work elsewhere. I bought into DGB at a peak on a whim, and have lost half of what I invested. However, rather than wait for a spike, it is possible to recoup that loss on a coin that can post 100% gain.
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That why I don’t invest into coins I don’t believe in. As if it gets dumped on. I would rather hold a coin that has a future.
Also do the research first before you buy a coin. Buying on a whim. And all your doing is chasing. Same as going to a casino. I hold no Dgb. I stick with what I know. Eth. Ltc. Dash. Ripple. Eos. Steem. Bts. Zeph.
Research first. Fundamentals. Marketing. Development team. Progress updates. Utility.
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buy more in the dip to reduce your lost?
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