Anonymous

31 May 2021

∙

If I buy a particular Alt coin at its all time high, is it better for me to sell everything at a loss and rebuy it again at a much lower price OR just continue to old and use the spare money that I have to buy the dip?

Which is better?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

Victor

31 May 2021

Financial Service Consultant at AIA

HODL

Reply

Save

FundsandNotes

18 Apr 2021

Freelance Motion Designer at Home

Which is better?

Hey anon!

Based on what you've said, you'll be in the red with an unrealised loss since you bought it high and it is currently low. I would suggest holding and DCA more since you have not realised the loss and it could potentially go back up; with the extra funds you're going to invest, it could even sky rocket higher.

Of course, that is only my approach towards investing which you can read here. Be sure to check it out.

Take notes, stay vested and keep learning.

Reply

Save

Chris

18 Apr 2021

Owner and Writer at Tortoisemoney.com

Perhaps if you would like a better answer, you might want to include which coin you're referring to,...

Write your thoughts

Related Posts

Do you think it's a good time to invest in Apple (APPL)? recently BOA upgraded from neutral to buy, and the prices are still much lower than it's October highs, thoughts?

For Regular Savings Plan (RSP) strategy, I feel it's useful to use it as a way to average down while the current price is lower than your average price, instead of continue buying while the price keeps going up. Am I right?

Should i hold or sell SATS shares now? Sell off the shares will make it a real loss, but i can use the money to buy other shares, like DBS etc. What do you guys think?

Brought ARKK at all time highs, should i continue to DCA or sell at a loss?

While private home prices continue to rise, prices in Sentosa are ok and you can buy a property for almost the same price as 14 years ago. Is now a good time to buy, assuming I can afford?

Related Posts

Do you think it's a good time to invest in Apple (APPL)? recently BOA upgraded from neutral to buy, and the prices are still much lower than it's October highs, thoughts?

For Regular Savings Plan (RSP) strategy, I feel it's useful to use it as a way to average down while the current price is lower than your average price, instead of continue buying while the price keeps going up. Am I right?

Should i hold or sell SATS shares now? Sell off the shares will make it a real loss, but i can use the money to buy other shares, like DBS etc. What do you guys think?

Brought ARKK at all time highs, should i continue to DCA or sell at a loss?

While private home prices continue to rise, prices in Sentosa are ok and you can buy a property for almost the same price as 14 years ago. Is now a good time to buy, assuming I can afford?