Viewing a response to: @pablocastro/f354ucdx5
I understand your emotion. It is disheartening to see your golden investment go down in price so much. But in all earnest, you lost your money when you bought it. When you bought it, you had a good reason to exchange your money for these coins. Unless the fundamentals have changed, there should be no reason to sell. Did you buy because the market was going up, up, up? That unfortunately was not a good investment decision. Before taking your loss however, first research the true fundamentals and asses their application in the real world. If you agree on that being feasible, ask yourself how much you need the money for something else, and if riding it out could be an option. Too many new buyers follow the “buy high, sell low”-strategy and only play into the hands of short term traders with this. Their trick is playing on your loss aversion. Try to keep your emotion out, no matter how hard it is. Good luck.
author | ireakari |
---|---|
permlink | pkqjbc8xx |
category | musing-threads |
json_metadata | "{"app":"Musing","appTags":["Investment"],"appCategory":"Investment","appBody":"I understand your emotion. It is disheartening to see your golden investment go down in price so much. But in all earnest, you lost your money when you bought it.\n\nWhen you bought it, you had a good reason to exchange your money for these coins. Unless the fundamentals have changed, there should be no reason to sell.\n\nDid you buy because the market was going up, up, up? That unfortunately was not a good investment decision.\n\nBefore taking your loss however, first research the true fundamentals and asses their application in the real world. If you agree on that being feasible, ask yourself how much you need the money for something else, and if riding it out could be an option.\n\nToo many new buyers follow the “buy high, sell low”-strategy and only play into the hands of short term traders with this. Their trick is playing on your loss aversion. Try to keep your emotion out, no matter how hard it is.\n\nGood luck.","appDepth":2,"appParentPermlink":"f354ucdx5","appParentAuthor":"pablocastro","musingAppId":"aU2p3C3a8N","musingAppVersion":"1.1","musingPostType":"answer"}" |
created | 2018-07-15 01:59:48 |
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