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  1. #1
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    Question To Trade or not to trade

    Hey all,

    I currently have a bag of BLZ worth $400 which is nearly half my capital, currently sitting at -44.83% profit. Was wondering if I should hold this or take the hit to free up capital to allow more trades?

    I have a preference for more trades than DCA atm as it holds my capital. I don't think holding out with this could cover the amount of 0% trade days in the long run.

    Suggestions welcome.
    ETH: 0xCbCc640ACa05A62df0214740AD64dF58881bb6b4
    BTC: 3FrT7HfURhgULtTazywDAi5mNapkgatFSz

  2. #2
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    I have struggled with this exact same thing! Unfortunately there is no good answer to this question. If you sell and take the hit not only do you lose 20% of your investment capital, you could also windup in another deep bag just because the market is the way it is. You would have to take a chance and see what happens, it could go either way. I am just sitting on my bags and I probably will for a long time judging on the market. However, because I am trying to improve my bitcoin position, not really my USD position, if the price of Bitcoin drops the altcoin may actually get a Satoshi (BTC) value boost, bringing me out of my bags even in the down market. I haven't completely figured out the BTC/altcoin valuation vs the USD/altcoin valuation in the different markets.
    "Build your own dreams, or someone else will hire you to build theirs." —Farrah Gray"

    MEW: 0x099b2F06b6fEa4E41BFB87a561375A6b005db416

  3. #3
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    I'm not a financial adviser and in no way telling you what to do, but I can share what I did and why.

    I sold all my bags and cleared my slate. I've held them for so long and since it is an automated system there is no basis to which the bot chooses to buy them other than the current market situation. The market condition and coin potential are different then they were a month ago. There is more likely to be another investment the bot can make and recover the money faster than if I just waited for my bags to recover. Also with the new tax laws that is now a loss when filing taxes for me and if it works the same as other securities then it could lower my taxes on any gains. This is just my thought process when I made that decision, but I could be wrong. Only time will tell.
    __________________________________________________

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  4. #4
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    I decided to take the hit, i just sold one bag to free up some capital for trading. Have not made it back yet but i am making trades and getting closes a trade at a time.
    ETH: 0xCbCc640ACa05A62df0214740AD64dF58881bb6b4
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