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Topic: A lesson to learn here I belief - page 2. (Read 255 times)

sr. member
Activity: 1722
Merit: 269
February 14, 2022, 07:05:24 AM
#11
I find it more easier to hold coins and tokens if their worth isn't much, this means that we find it hard to hold simply because we invested too much money that we aren't ready to lose, here are two examples to back my point.

1. I always like the idea of " not selling everything ", assuming I have 1000 tokens I always sell 90% even when they are at ATH, leaving very few coins and tokens behind do have it's time, there will come a time where they add more value, remember not every ATH is the last ATH.


2. little coins that earned through airdops in 2017 they are not even close to 1$ and in January 2022 two of them did wonders, name is Avinoc and whackd token, I made 80$ from avinoc and 500$ from whackd, my main point here is if those coins have huge value at the time I would have sold them right? I took my eye off them because they have too low value...

It can be pretty tough if you are holding tokens in your wallet that you know of that you bought it for 1000$ for example but they are only worth 100$ at the moment or so, but i really think you need consequent here and don't sell those coins because once you have sold them you rally made the loss a reality. If you just keep hodling and wait for another few months or even 1 or 2 year then it is always possible that you will see prices like the one when you bought the coins or even higher ones again. So if you don't desperately need the money it is always good to hodl and wait for better times in my opinion.
It is also true that some dead coins might experience a sudden increase in value out of nowhere, then you need to be ready to sell of your airdrop coins because the price will probably go down again very fast.
member
Activity: 1218
Merit: 49
Binance #Smart World Global Token
February 14, 2022, 06:50:54 AM
#10

2. little coins that earned through airdops in 2017 they are not even close to 1$ and in January 2022 two of them did wonders, name is Avinoc and whackd token, I made 80$ from avinoc and 500$ from whackd, my main point here is if those coins have huge value at the time I would have sold them right? I took my eye off them because they have too low value...

Well, this happens to me many times and mind you I still have many coins left in MEW which dated back to my ICO days in 2017 and 2018. And yes while there are those that got some value right now I could not move them because the gas fees in Ethereum will most likely kill any profits I can get. To even things out, most of the coins left in my MEW wallets are already useless with devs that already left the projects years ago. Still, it is good to see some coins that seem to have resurrected themselves.
full member
Activity: 868
Merit: 100
Buy $BGL before it's too late!
February 14, 2022, 06:35:12 AM
#9


1. I always like the idea of " not selling everything ", assuming I have 1000 tokens I always sell 90% even when they are at ATH, leaving very few coins and tokens behind do have it's time, there will come a time where they add more value, remember not every ATH is the last ATH.



Yes I agree with you. I always set aside 10% of the tokens I have when I feel it is appropriate to sell them. Because I also hold a belief like you, that the current ATH is not necessarily the last ATH and it is proven that almost all the tokens that I still hold touch the new ATH.
hero member
Activity: 2954
Merit: 796
February 14, 2022, 06:13:23 AM
#8
Snip

The idea is good as a newbie trader. People usually keeps on checking on there investment whenever they put significant amount of money in a coin that they don't afford to so lose. But this only applicable for long term investment goal and not through a casual trading because you will need to really check your investment in regular basis to make sure that the progress of the project is still good.

There's an instance that the project is falling or announce bankruptcy. They just give a due date to trade the tokens and the token will be useless after that. So if you are a long term holder without checking, You will be just disappointed if you open it after waiting a long period of time.
legendary
Activity: 1974
Merit: 2124
February 14, 2022, 06:02:28 AM
#7
It is better to follow valuable coins like bitcoin, at least, its all-time-high is certain, unlike many altcoins which are very risky, many altcoins later become shitcoins or dead coins, many were even scam, many were pumped and later dumped, this has been the reason I have preferred to follow valuable coins like bitcoin. If you want to get some altcoins, know that they are riskier, this is the time you should think to use the amount of money you can afford to lose for the investment.
Bitcoin is always preferable and profitable in the long run and if you can hold it for long term then bitcoin is the best option with us but the majority has their excuse of it's expensive or are under the influence of others belive it will not rise after the normal dump situations.You can see lot of variation in top 10 coins on CMC and doge was at one time growing and passing the most of them but as expected when downfall of the memecoins started it was out of top 10 and billions were wiped out of market fast.

The most of altcoins in the market are shitcoins and maybe it seems they are rising but if you take a deeper look they are pump and dump scheme and once the whales or owners takes out the profits then the real game of dumping start and you have dead coins lying inside your wallets.So it's better to invest in bitcoin and you are will definitely have profits.
member
Activity: 120
Merit: 15
February 14, 2022, 05:09:20 AM
#6
Don't let your points takes over you OP, earning coins or tokens through airdops is different from buying them with your own hard earned money, you are able to take your eye off them because you don't buy the tokens, don't go around buying tokens thinking they will do the same thing in few years later I consider this lucky because these two tokens are not even good.
jr. member
Activity: 110
Merit: 1
February 14, 2022, 04:59:48 AM
#5
I don't see where your points says you buy any of those tokens with your money, you earned them for free through airdops which only takes few minutes of your time, of course it's easier to hold such tokens for as longer as they one can..they cost you nothing.
hero member
Activity: 3038
Merit: 634
February 14, 2022, 04:26:12 AM
#4
#1 is the same as DCA. You sell at the ATH and then you'll remain some portion so if the peak is overtaken by another high, you'll still have holdings.

#2 there goes the airdrops or fork coins that we never intend to spend. And by some chance, we've looked at the price of it and checking them sometime. As we check them, the price shoots and you'll be easy to spend and sell them because they're free money.
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
February 14, 2022, 04:10:26 AM
#3
It is better to follow valuable coins like bitcoin, at least, its all-time-high is certain, unlike many altcoins which are very risky, many altcoins later become shitcoins or dead coins, many were even scam, many were pumped and later dumped, this has been the reason I have preferred to follow valuable coins like bitcoin. If you want to get some altcoins, know that they are riskier, this is the time you should think to use the amount of money you can afford to lose for the investment.
legendary
Activity: 2268
Merit: 1379
Fully Regulated Crypto Casino
February 14, 2022, 04:02:38 AM
#2
First of all, this kind of topic should be on altcoin section. Kindly move this on appropriate thread.

I find it more easier to hold coins and tokens if their worth isn't much, this means that we find it hard to hold simply because we invested too much money that we aren't ready to lose, here are two examples to back my point.
The better one I think is its easier to hold free tokens from airdrop or bounty than invested one. Yes this is true, we have our tendency to hold these tokens since we acquired them for free. There is no such risk involved thats why werent worried whatever happens to it.

Its not that people are losimg money when it down qnd they cut loss. Not every battle on trading is always a win win. If you feel losing and preserving funds is the best way to minimize the loss then they do it. Thats fine cause they knew they already at loss.
member
Activity: 237
Merit: 19
February 14, 2022, 03:55:54 AM
#1
I find it more easier to hold coins and tokens if their worth isn't much, this means that we find it hard to hold simply because we invested too much money that we aren't ready to lose, here are two examples to back my point.

1. I always like the idea of " not selling everything ", assuming I have 1000 tokens I always sell 90% even when they are at ATH, leaving very few coins and tokens behind do have it's time, there will come a time where they add more value, remember not every ATH is the last ATH.


2. little coins that earned through airdops in 2017 they are not even close to 1$ and in January 2022 two of them did wonders, name is Avinoc and whackd token, I made 80$ from avinoc and 500$ from whackd, my main point here is if those coins have huge value at the time I would have sold them right? I took my eye off them because they have too low value...
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