Anyone here long enough? - page 4. | Bitcointalksearch.org

jhongzjhong

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https://bmy.guide

Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

Always holding is a good sign of being a strong hand that we must have, I personally don't spend my crypto asset with a nonsense thing or converting it just for having fun with friends. When you are planning to sell bro just make it sure that your profit was there including the capital you had. At least you will know of cutting your profit. When the market goes down, just hold your belt if you are not satisfied with your investment and let the time speak when it grows.

Silberman

legendary

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Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

Predicting when the market is going to go up or down is something really difficult to do, you may try to do it but most fail and the few that get it right most of the time were just fortune to get their predictions right, but that does not mean you cannot get profits with your trades but you need to find a strategy that works for you and that is not easy to do in such a volatile market.

Vishnu.Reang

sr. member

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Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

Well... I have more than two years of experience in the world of cryptocurrency. First started investing in BTC when the exchange rate was $900 per coin (2017 January) and the ATH has reached before my own eyes ($20,000 per coin by 2017 December). After that, I witnessed the bear rally, which took the prices from 20K to 3K by the end of 2018.

I would say that you need to sell your coins at regular intervals during a bull rally. If you feel that the price is going up, then it is the best time to sell some of your coins. And I have never sold any of my coins during the bear phase.

Dart18

sr. member

Activity: 1400

Merit: 259

I just HODl.
No one could answer what you are asking.
That is beyond our knowledge. We cannot see our future but we could somehow make some good analyzation and then maybe we could go right.
It is said to be a speculation but for me it is more of a guess.
More like gambling but can have a better percentage for a bet to go right.

LimLims

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Activity: 1204

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1xbit.com

Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

As far as i am seeing, i can see that, the ones posted above are experienced ones to whom you are looking for.
Yeah there are also some who don't seemed to me somehow experienced.
Lets leave them. I am here to clear your query and suggest you my opinion on that.
So first of all never loose confidence on yourself.
If the price of the coin falls down rapidly then just don't be panic.
Think in a cool mind and i am sure you gonna overcome it.
Hope you understand now.

Shinpako09

legendary

Activity: 2058

Merit: 1015

Speculation, meaning forming of theory or conjecture without firm evidence. Obviously, even pro don't exactly know what were going to happen. It's their experience lead them into success. There's no one can predict accurately so why become uncertain because of others speculation. Do you think pro depend/rely on others speculation, of course not they are doing their own speculation.

Mahanton

hero member

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Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

Experienced people or who have been here for a long time doesn't really have that kind of ability on knowing things on what would happen ahead.
Some people do might see several bearish and bullish runs but it doesn't mean that they do able to know on what would happen.Just like a typical
investor or trader,they do still keep speculating on what would be the next price move.

Distinctin

hero member

Activity: 2926

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No dream is too big and no dreamer is too small

Nice question, therefore I would give my honest answer here.

Yes, I am still holding, I am here during the last bull run, was not able to unload all but only manage to sell some.
Then... correction happened, I never sold that time then, I just hold and until now, so the last bull run I sold some, this time
around if we are lucky to experience it again, I might sell a lot to make a lot of profit. Then enjoy my life while possibly another correction would come.

beerlover

legendary

Activity: 3052

Merit: 1188

Bitcoin is a currency, I have been around for over 6 years now and I have been doing the same thing for the past decade about any investment I have ever done, not just bitcoin but all of my investments ever. I buy and I hold until I need money. People who get a loan or line of credit whenever they need money are usually people who will have to pay a lot of debt for long periods of time, so instead of getting a loan and crippling my own economy for certain period I cash out my investments.

So, basically I keep my bitcoins (and all altcoins) on my wallet as long as I can without cashing out but if you ever need money for something that it makes sense to cash it out, never cash out for price drops, never cash out for volatile movements, they will always happen, only cash out when you have life urgency stuff that you need money for.

BitHodler

legendary

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Quote from: adaseb on May 20, 2019, 12:55:49 AM

Same with the bull market end at $20K, I assumed $2K was the top, then $3K, then $5K, then was absolutely sure $10K was the top and even shorted there, then assumed $25K was the top and missed the target and had to sell on the way down at $10K.

If you sold at $10k you have still done a whole lot better than most people here who firmly held their coins all the way to last year's bottom. People can say they don't mind as much as they want, but they do mind it.

The only reason they kept holding was because at every round price level on the way down they assumed it was the bottom, and they were wrong time on time again. People severely underestimated how irrational this market can be.

It's so hard to be satisfied with your profits when you see the price keeps going up, but we have to deal with it. There is no way for us to perfectly time the market, so just be happy that you made profit to begin with.

leowonderful

legendary

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Bitcoin FTW!

I started trading crypto back in 2015 as well and it was extremely difficult predicting the bottom of the bear market we were in back then just like this time around, though at that time BTC was much more fragile than it is now IMO. There was a real fear that Bitcoin could simply just die out after hitting the late 2013 top, though I still went and bought as much as I could afford to spend back in 2015 between 200-300. Best thing you can really do is just dollar cost average considering how hard it is to predict bottoms if you're looking for longer term entries, and plan out exits and stick to them instead of searching for the very top and selling.

There's also nothing wrong with holding coins for long periods of time and waiting for prices to (hopefully) rise in the future. I mostly did that back in 2015-2017 when my trading skills were still weak, but swing trading or day trading can also be profitable. You'll just need to learn a new set of skills to be good at either of these styles of trading.

Kelvinid

sr. member

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win lambo...

I really appreciate how crypto change my life when I started to join. I wasn't particularly doing trading cause I don't have such skills and I've found myself that trading isn't the right place for me.
Of what I've got in 2017 is really memorable, bounties are great that time which I usually participated before. I keep holding my alts and get profitable when the bullish came into us. But I don't think that have holdings today will give me a decent reward since my portfolio is going down. I blame myself why I didn't sell it last 2017. But seeing the market rallying now, it gives me hope for another chance.

cryptjh

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Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

You need to do your own due diligence, you're are the only one who can make a good decision about when it will be the best time for you to buy or sell your cryptos.

If you want to know if $8.000 are the top and you will end up buying too expensive if you buy now, then I think most people will guess that the price of bitcoins, will go higher when we look one year into the future compared to today.
You can be lucky to find good altcoins with a lot of hype, that will moon in the next 12 months. But your main priority should be bitcoins.

Indrawan77

hero member

Activity: 1274

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Nobody could know when the price is going up or down, the chart and trends could be indicators, but nothing could be precise 100%, to know when to buy is depend on your investment strategy, for short term maybe need to wait for the dip but if you want to aim for long term just buy it, the history show that bitcoin price is keep on going up every year

adaseb

legendary

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I've been around for a few years and its very difficult predicting the end of the bear market and the end of the bull market.

Back in Aug 2015 or so, when it broke that yearly resistance of $300 (or so) I assumed it would be a bull trap and head back down to the $200 area, it never did and confirmed the end of the bear market however I didn't buy at $300.

Same with the bull market end at $20K, I assumed $2K was the top, then $3K, then $5K, then was absolutely sure $10K was the top and even shorted there, then assumed $25K was the top and missed the target and had to sell on the way down at $10K.

Siren

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Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

Your account was created in 2017 meaning you are almost 2 years here yet asking about the dumping experiences?you are here when the hype happens in 2017 last quarter and you are also witnessed the dump and longest bear market in the crypto history in 2018 so that means awareness is in your account from there

I am Holding and I have my own timeline where to sell,at least 5 years from the time I first purchased my bitcoin and may took long with my altcoins and tokens sitting in my folio

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

I've seen the bear markets, and yes I must say it's disheartening to see your portfolio going down. But it is what it is, you don't need to panic specially if you are looking for the long haul. You just have to stay cool. I know it's hard in the beginning, but if you know how the market works then definitely you won't be bother by this bearish trend.

Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

Of course, HODLing is one of the favorite strategy for those who doesn't want to trade. You need to have what we call entry and exit strategy, so you will know when to sell and exit. But then again, why you need to sell when at the back of your mind, you know that the price will go up in the future? Doesn't make sense, just saying.

exstasie

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Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

I wasn’t around in 2011 but I traded the 2014 and 2018 bear markets. My strategy is always to hold most coins in cold storage and hedge short with leverage during strong downtrends. You can make money during bear markets but it’s much easier to make money during bull markets, partly because of the ridiculous money flow and partly because your cold storage coins are always accumulating value during bull markets.

I would never sell everything no matter what you do.....it’s always harder to reaccumulate than expected in my experience. During the bear I’m mostly just riding obvious trends to lightly hedge USD value and biding my time until the next bubble. Stacking coins best I can.....

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Do you just always HODL?

No and nobody knows the exact time that price will go up or down. If you are a new trader, is about experience because no one can tell you precisely but with your experience, both your mind and instinct will tell you what decision to take.

magneto

hero member

Activity: 1666

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Quote from: jonathan6655321 on May 15, 2019, 02:22:46 AM

Hi there
I would like to get tips from people that are in the crypto world for a while and saw a few bear markets already.
There is so much speculation right now and It makes me be uncertain about my moves (buying and selling)

Do you just always HODL? when do you know where to sell?
When do you think the market is about to go down you sell and then getting back when you think it's recovering?

I've been through the other major bear market between 2014-2016, like lots of others here.

Though my advice to you is probably going to be somewhat different. I'd say that unless you're a day trader by profession, there is really no point in trying to take advantage of intraday movements especially when you don't even have time to monitor the markets actively, nor have the knowledge of short term trends and charts (I'd say even I don't) to say comfortably that you're going to profit overall off your trades.

I always default back to analysing fundamentals and market sentiment, as opposed to concerning myself with short term stuff that just moves arbitrarily half the time. For example this upcoming bull market is likely going to be driven by institutional adoption which will spark further demand, and we're already seeing the start of it given that market sentiment is no longer as bearish as it was.

It doesn't mean that you don't sell and buy when the opportunities arise, and it's not purely 'hodling' per se, but I believe that focusing on bigger cycles will yield you more results in the long run, if you don't know what you're doing with intraday trading.

Topic: Anyone here long enough? - page 4. (Read 10008 times)