Recently, many friends have come to ask me that the coins they bought are almost halved.
Should I cut my losses!
I took a quick look and found that these coins are actually projects of unknown value. They definitely have value, but they must not be used as long-term strategic reserves. Instead, they should be used as a terminal line according to the market.
Many friends are influenced by others and think that they can get rich by buying this coin at the bottom, and that it will increase a hundred times in the future, etc., so they choose to invest heavily in it. After all, the vision of the future is too beautiful.
If you encounter a market that is certain to rise, it is actually a very successful investment. These coins are likely to increase several times in a short period of time.
Especially after the surge in Bitcoin and Ethereum, the prices are too high, and many friends are not optimistic about their future growth space.
They are even very resistant to investing in Bitcoin and Ethereum.
They think that if you want to make money in the currency circle, you have to invest in altcoins. This idea is mostly a bad habit that was developed during the surge before March. It has risen for 8 consecutive weeks, which is so terrifying. It even gave countless people an illusion that the market will never fall.
At that time, Green reminded everyone of the risks in his articles countless times, and was criticized by many people. They believed that the market could not reverse and let the leeks get on board.
The idea was right, but what they didn't know was that the leeks could never get on board in a falling market.
Continued from the above. Since you have invested in altcoins and expected its high profits, you should also bear the high risks it brings to you.
It's just that everyone's luck is not very good. The market has started a 4-month slow correction cycle, especially the altcoins, which have been directly cut in half, and some have even fallen to 1/10 of the original.
Fortunately, it is a bull market now. No matter how badly it falls, it will not be a big problem to get back the money in the future.
As for whether you want to cut your losses, it depends on your overall position and risk tolerance. If you have any confusion in this regard, welcome to join,
