Topic: A lesson to learn here I belief (Read 248 times)
The "not selling everything" strategy is a good one, I've also done that a few times on coins that I think have potential someday. It also subconsciously gave me unexpected savings, which sometimes could give me unexpected profits. I know I'm in a crypto world that full of surprises, and I'm well prepared for it.
Time will give experience to most who stick with it. No matter which way you look at it, most of us have missed out on something and feeling regret from that will help us prepare better for the opportunities that lie ahead.
Surely many people regret selling assets when they are cheap, but this is an important lesson for us to be better, now I am no longer affected by price fluctuations and focus on the target time that I have set.
But feeling regret doesn't necessarily mean that it presents another opportunity in this market, as I have received a lot from the UNISWAP airdrop through trading HEX there. Anyway, it's important to always look ahead to a bright future.
Our weakness, especially I always want to sell all the coins I have by the time it reaches ATH. And that becomes regret. Whereas as you said, not every ATH is the last ATH.
A sell is only becoming a regret if we see the price goes up again. But what if we sell at the right time and the price didn't go up anymore? It is very difficult to determine if that ATH is the last.Indeed, when I did that (sell the coins I have) I made a pretty decent profit. But when I think, why don't I just sell some of it or in other words I only take the capital I spend and for the other part I hold on for how long I want.
That's the good strategy that everyone must do. When you're about to sell and it's not an emergency and forced sell, you can always have this option to make so that you still have remaining funds on hold. And when there's another round for a pump, you're not going to miss it.
You need to carefully decide whenever there is a bull run on one of the altcoins you are holding because you might not see it ever again. This has happened before to my friend when the rewards of the bounty he gets are worth $1000 at night, he decided to sell it in the morning because he was busy playing games, and guess what? the price has dropped to about minus 80% and he doesn't have any choice but to sell it at a lower price because the price of that token has kept dropping. Now if I see the price is reasonable and decent, I won't hesitate to convert it to USDT or BUSD to avoid volatility.
I have started practicing this offlate because there were so many coins which I have ended up selling in the past by underestimating its value or assuming it's the last ATH and HOT(holo), CHZ, CHR are examples wherein I sold them too early by missing out on almost 20x profit by settling for just 3x. Apart from holding on to a certain percentage as you mentioned we should even sell when we are at loss because eventually the invested coins will reach new ATH with few exceptions. But at the same time we need to know the peak level as well because if we take coins like XRP and XLM as an example as these coins didn't break their 2017 ATH and I have seen users hodling at the ATH and selling it off for 5% of its ATH during 2918-2019
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.
It includes the management of funds. We must be aware and not forced into this case. What we can afford is the best way we can hold only. Moreover, if that is a new coin, I personally will not be interested to hold for a longer time, just taking profits after getting a certain percentage of profits.
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 its time, there will come a time where they add more value, remember not every ATH is the last ATH.
I do agree with this. Sometimes,s this kind of strategy really works. As long as we have taken profits and get the capital and some profits, it is neough. No need to be too greedy to hold more and more and expect higher profits again. 10% is enough to be the bonus if this will reach the next ATH. But, if this is the opposite and the price keeps dropping, we are also not really tough because we have taken profits and it is part of small percentage.
Yeah. Good lesson. I have some Avinoc. I didn't even know the project is still alove. I termed it as a stupid airdrop and even hid it in my wallet. Guess I have to unhide it and see if its still got any value in the market now
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...
Then I think that we can't really underestimate them, that to proves that they are also unpredictable like others.
This is a controversial situation, for example, I have examples where the coin goes down after its ATH and is no longer close to such a value for a long time, so these are all exceptions to the rules, situations are different, you need to look at each project separately and make decisions yourself.
It's a missed train when you're in that situation. People who have witnessed the ATH and didn't sell even a few portion, they've probably thinking that it will go more than that. Let's accept the the reality that ATHs aren't staying for long.
And when you see them, start picking those profits for yourself.
From my experience in this field, I advise you not to keep altcoin for a long time because its value is constantly decreasing with time unlike valuable coins such as bitcoin, ethereum and other major coins in the market, but if you got altcoin through Airdrop, you can keep it for a period of time until its value increases well and then sell it immediately when it rises, many altcoins lose value over time and never return to their price.
Getting free tokens from Airdrops and keeping them for the long term is not a preferred option, as most of the free tokens are worthless and can sink at any moment, but investing in Bitcoin and holding it for the long term is the best option!!
^^
Always remember that you have to have a balance of Bitcoins in your wallet and that when you purchase Bitcoins for a low price, the value will be very low, but as the Bitcoin prices are going upward , then it becomes a great investment!!
Always start by purchasing small amounts of Bitcoin
^^
Always remember that you have to have a balance of Bitcoins in your wallet and that when you purchase Bitcoins for a low price, the value will be very low, but as the Bitcoin prices are going upward , then it becomes a great investment!!
Always start by purchasing small amounts of Bitcoin
This is a controversial situation, for example, I have examples where the coin goes down after its ATH and is no longer close to such a value for a long time, so these are all exceptions to the rules, situations are different, you need to look at each project separately and make decisions yourself.
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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.
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.
this point applies to me, for real coins and entered in the CMC Top 100, not for new coins, if it reaches a new ATH I usually sell 1/2 of my assets, because 1/2 of my assets already give 100% profit from buying that coin sure and I use it to look for other coins that haven't reached the new ATH
I do like with the first idea. That gives anyone a lesson to not miss the best chance to sell at high but this is quite risky to do that. As long as it doesn't go down and it's worth to keep our money even if that was only small amounts of tokens.
About the second idea. I do know that when you have been getting those reward for free and then the price is surging a lot right now and why don't you just try to sell and move this to the legit token and then you can create more money from another token like that? this will become the best idea so far. Remember that the pump can end anytime and you may miss the golden opportunity to sell your token at peak price.
You got it for free and why should you feel worry about that?
About the second idea. I do know that when you have been getting those reward for free and then the price is surging a lot right now and why don't you just try to sell and move this to the legit token and then you can create more money from another token like that? this will become the best idea so far. Remember that the pump can end anytime and you may miss the golden opportunity to sell your token at peak price.
You got it for free and why should you feel worry about that?
I'm confused, isn't whackd token came into this world after John Mcafee died? Or imprisoned? That's 2020 I guess not 2017, can someone confirm this?
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...
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...
Its just basic fundamental human psychology to become irrational when it comes to something they see as value. Especially when that something with value becomes something that is viewed as a huge value. The concept of value is subjective for everyone. While a poor man may put 1000 USD into Bitcoin and panic sell when it drops to a value of 800 USD or goes up to 1200 USD. That 200 USD is percieved as a large value.
A rich man could put in hundreds of thousands of dollars and not care about whether it goes up or down. And he hodls it for ages.
Guess who wins a worthwhile profit in the end?
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...
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...
Its just basic fundamental human psychology to become irrational when it comes to something they see as value. Especially when that something with value becomes something that is viewed as a huge value. The concept of value is subjective for everyone. While a poor man may put 1000 USD into Bitcoin and panic sell when it drops to a value of 800 USD or goes up to 1200 USD. That 200 USD is percieved as a large value.
A rich man could put in hundreds of thousands of dollars and not care about whether it goes up or down. And he hodls it for ages.
Guess who wins a worthwhile profit in the end?
If you get capital to trade from the airdrop program that you follow, I think that is an interesting thing. because most of the airdrop prizes are good, the coins we get can be directly traded. so the more often you follow the airdrop, the bigger you get the more new coins
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I think it's an important point in investing that you understand when you should sell your coins after you've held them for a while. But most people don't sell their coins immediately, even when the coin price is at its peak, because they think the price will continue to increase.
Yes, you decided very well. Sell a coin at ATH and if the price of the coin falls quickly and hits bottom, you can buy again if your analysis says the coin could rise again in the future.
Not selling all the coins, even at peak prices, is great because you can prepare the coins to sell at even higher prices, although that may not always be the case. Low priced coins can work wonders in the future, especially if their project is always ongoing and provides good updates or progress. So maybe we have to be very selective about holding coins to only hold good coins.
Yes, you decided very well. Sell a coin at ATH and if the price of the coin falls quickly and hits bottom, you can buy again if your analysis says the coin could rise again in the future.
Not selling all the coins, even at peak prices, is great because you can prepare the coins to sell at even higher prices, although that may not always be the case. Low priced coins can work wonders in the future, especially if their project is always ongoing and provides good updates or progress. So maybe we have to be very selective about holding coins to only hold good coins.
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.
IM always using this kind of strategy to avoid another bullish trend that can make the price of token to go up even higher than what i have sold. i do believe if this is the best strategy to take the advantage from both. I meant you can earn from selling your token at ath and you can keep some to prevent unpredicted story if the price will be going up even further than before. 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...
This totally depend on how good the fundamental of token. if your old tokens got pumped so hard right now and just sold them coz they will worth nothing in the future. im sure that if it's just another short term hype but if that has good fundamental and just keep it. The only thing that consider whether you must have sold them all or not depend on the fundamental of project. 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...
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.
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.
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.
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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.
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.
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.
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.
#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.
#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.
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.
First of all, this kind of topic should be on altcoin section. Kindly move this on appropriate thread.
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.
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.
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...
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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