You aren’t “holding bags”, you’ve lost money - Cryptocurrency Reporters - A Light To Cryptocurrency World

Sunday, 15 April 2018

You aren’t “holding bags”, you’ve lost money


This is obvious investment advice but I worry that some people here are willfully ignorant of it. If your holdings have decreased in value, you’ve lost money regardless of whether or not you’ve sold yet. It’s just a cognitive bias suggesting that you can hodl and recover.You should always view your investments purely in terms of USD. If you don’t believe your holding will increase, you should sell even if you’ve lost money. I really worry when I see people in r/tronix and others say things like “this coin is trash, I’m just waiting for it to hit my buy-in price so I can sell out.” This is straight up flawed reasoning. If you don’t think your investment is good, maybe put it into index funds or bitcoin at the very least. via /r/CryptoCurrency https://ift.tt/2H2Zsrm This is obvious investment advice but I worry that some people here are willfully ignorant of it. If your holdings have decreased in value, you’ve lost money regardless of whether or not you’ve sold yet. It’s just a cognitive bias suggesting that you can hodl and recover.You should always view your investments purely in terms of USD. If you don’t believe your holding will increase, you should sell even if you’ve lost money. I really worry when I see people in r/tronix and others say things like “this coin is trash, I’m just waiting for it to hit my buy-in price so I can sell out.” This is straight up flawed reasoning. If you don’t think your investment is good, maybe put it into index funds or bitcoin at the very least.

This is obvious investment advice but I worry that some people here are willfully ignorant of it. If your holdings have decreased in value, you’ve lost money regardless of whether or not you’ve sold yet. It’s just a cognitive bias suggesting that you can hodl and recover.

You should always view your investments purely in terms of USD. If you don’t believe your holding will increase, you should sell even if you’ve lost money. I really worry when I see people in r/tronix and others say things like “this coin is trash, I’m just waiting for it to hit my buy-in price so I can sell out.” This is straight up flawed reasoning. If you don’t think your investment is good, maybe put it into index funds or bitcoin at the very least.

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