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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?

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Victor

31 May 2021

Financial Service Consultant at AIA

HODL

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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.

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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,...

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