Topic: Anyone here long enough? - page 5. (Read 10008 times)

Yes, I'm holding always but I don't know when to sell, I just sell when I think it's already enough for me.

There's no specific means of measure for that, you study the market alone, make your own analysis, test that analysis you made and experience its accuracy.

Simple answer no, how could always HODL? For me, I sell when I get profit. How can hold a coin for lifetime? Who know about market trends? Basically I hold coin if in case dropped price more than bought price. I believe somedays it will recover and that case I am holder. Crypto-currency nature is pump dump so I sell when my bought coin price go up. And once dump again I take entry. That's my strategy.

OP, if you read nothing else in this thread, take heed of the above advice--it's the absolute truth.  Dips can turn out to be major crashes, dead cat bounces, or whatever.  If you plan on trading actively, you're going to have to deal with very unpredictable prices and a lot of frustration when they move in directions you didn't think they were going to.

I've been into crypto since 2015 and have learned that interest in bitcoin (and altcoins) waxes and wanes.  We just went through a long period where bitcoin wasn't moving much at all, and then all of a sudden it jumped a few thousand dollars.  The truth is that you never know when the best time is to buy any crypto.  I thought that during the flat months that it would be a good time to accumulate bitcoin, but I certainly wasn't sure of that.

The most important thing I've learned in the past 4 years is that bitcoin is still in its infancy, even though it's been around for 10 years.  It's going to be adopted like crazy by the younger generation, and I expect the price is going to rise dramatically over the next few years.  Altcoins will probably be along for the ride, too.  I've also become confident that while the market may crash from time to time, bitcoin is not going to die.  The interest in it is very strong, and I expect it's going to be even more widely adopted--I just don't know how soon.

Good luck with your trading career.  It's not easy, and it can be stressful.  Take a break if you find yourself pulling your hair out.

You never sell. You buy and when price goes up you spend for things you did not afford in years you were buying.  I had not bought anything last year and probably will not buy anything significant this year. Next year we will see. Maybe or maybe not. 2021 will be for sure the year of spendings.

I have sold some but not to the extent of selling everything coz that is all my savings that I am keeping in bitcoin.

Look, if you are uncertain of what you will do then do not move forward.
Better to refresh yourself from what is happening in the crypto world. If some people gave you some tips, do not be follow them just like that. Better to doubt them at first and make your own knowledgeable digging.

Most of the users that are just listening to analyst just fails. Worse part is you wont chase them anymore for they have already ran far enough for you to not contact them.

So, be wise. Make those tips just help for analyzing the market.

For me HODL are for bag holders but for us that are just shrimps I guess its better to accumulate through trading, buying and earning more some BTC. There's no 100% prediction on the crypto market as it is volatile, moreover you can less some risks if you knew some analysis regarding price prediction base on it. The best tip is do learn more and fairly I say you'll earn more.

No prediction can be 100% accurate, unless by chance. But I agree with you that knowledge and experience matters in that regard. The more knowledge we have the better our predictions become. That's why we should not risk a lot in the very beginning. We should rather start little by little in order to gain knowledge and experience that can be very useful in the future. Even losing money is good when you learn something from it, but losing all your money can never be good.

Most decisions are based on experience. You can't just follow it even if you like.

The moment you decided to put money on crypto, providing you read some basics, you should put yourself on the actual trial to feel the pressure. No way you can just follow other people's preferences when they buy or sell. Their decision is purely based on their own analyzation. We have our own criteria when to execute buy and sell.

Tips? Like I said, prepare now to put yourself in the situation after reading basics. You will never understand all pointers if you don't face the actual pressure.

You can do it. Goodluck.

I'm here for some time to
I learned a lot, I gain money, I lost sometimes, I use to had a lot of mining hardware and IMO the best thing is: follow the trend, try to accumulate BTC and always be patient

I have a lot of BTC, but I spent the entire 2018 (in bear market) away from the market, being patient and waiting to better times to come

Do your research, read news, follow topics, devs and you will probably know what to do

There are stories out there that make you look like a total success story/genius. But yeah, to say long time in the crypto world is any sort of gauge for success or wisdom is a total fallacy.

Yes I HODL, but not always. Although HODL involves low risk but If you have knowledge of market then it's better to use your skills in trading and earn instead of just HODL. There are lot of things you need to consider to check where the market is heading which includes market cap, volume, rate etc.
Although no one knows exactly what is going to happen but we can predict, and better predictions can be made with better knowledge and experience.

The best time to buy and hold is when the market has bottomed,  which has already gone, but it is still not too late to buy now because we are all believing that bitcoin will surely once again touch the last ATH price which is around $20,000, that is when we can now decide the next move of bitcoin, for now, we are still far from that value, so it is still kind of okay to buy now, although we might experience a little pull back for now, but I am sure we still have a lot of surge that will occur within the next few weeks.

If you buy now to continue to hold, it is still very good, or you could just use your fund to look for a little dip, buy and the sell to take profit, pending the time it become very clear that the market is fully on uptrend.

Depends on what coins should I hold. Mostly, i do long term trades with bitcoin and ethereum only. But with some altcoins i do not hold them for so long. Instead, I day trade them. Bitcoin is worth to hold I assure you.


Have you heard technical analysis, indicators or charts? If not, try reading this different indicators for you to know that there is a basis when the market goes down or goes up. It will truly help you in your trading. Learn, understand and apply it to further become.successful trader.

So.. as many have said, in various ways...  make a plan that works for you...

I'd just like to add....

1) When making the plan, take a step back from the hype and get emotions completely out of the picture.  The worst thing you can do is let FOMO wreck your long term planning.  If this means not reading the forums and not looking at the price for a week, so be it..

2) Get your plan documented.  Be that hand written notes, a spreadsheet, a word doc.. whatever, just get it down someplace.  If you don't have it documented,  its way to easy to make emotional trades due to hype, that in foresight, and/or hindsight you would not have done had you been completely rational.

3) This should go without saying but... FOLLOW THE PLAN.  Trust that your logical self had a clue when the plan was made.

4) Lastly, periodically review the plan and make sure it still makes sense.. update accordingly. DO NOT however, do this while you are feeling euphoria, dispair, or any variation of FOMO. 

TLDR:  Make trading decisions based on logic, not emotions.

I not hold always but sometimes people need to hold in my opinion if they want to make a good profit, even if try trade sometimes good traders can get a loss and is better always to hold some coins.

I have been observing and sometimes holding Bitcoin for almost three years now. Though we always feel that the best time to accumulate can be the time when the bull run was just showing some signs of coming, I think if we believe that this bull run can take us beyond the $20K then maybe the current $8,000 level is still a good stage to get as much as Bitcoin as we can. Of course, the problem is that nobody knows when this bull run will peak and when it will slide down to the bearish stage. So this is just a matter of feeling...that speculative gut you have inside and praying some luck along the way.

One thing you should ask yourself, do you believe in bitcoin and its blockchain technology? Do you see its value and its massive potential? If you do, and you are not much of a trader, then be just an investor and hodl.

I HODL when the market is going down because I believe that bitcoin will always recover from it. It takes time but when it bounces back, the profit is multiple times your investment. But when the price is up and bullish, that is the time I take my profit. I sell when everyone else is buying because of hype or bullish trend. That is the time that bitcoin price is surging and I take that opportunity to cash out my profit.

Even experts will sometimes miss when a market is going to turn around, especially in crypto. I do not sell because I expect the market to go down but I sell because I know I already have a profit. I do not get greedy and target the top of the market price but instead set my target profit and sell on that price. The same if the market is going down. I accumulate every time the price breaks support or goes down. I buy an exact an amount every time the price goes down.

There's nothing to learn actually, because, as you said it yourself, all situations are different.

So, OP, no one can advise you with certainty when to sell and when to buy. There are general rules though, which, I think,  worth following:

1. Don't invest in Bitcoin more than you can afford to lose;

2. Sell BTC only when you are in desperate need of money, and sell no more than for providing yourself/family for a week or two.

Those rules are for holders and not for traders, of course. Traders sell and buy BTC several times per day. That's a whole different story.

You have posted in the wrong section mate. The right section for this thread would be speculation.

As for the OP, I have been in this community since 2015 and I have been through few bear markets.
Through my experience I can say that you can never tell when the next bear market would begin or the next trend change would occur.
Although there are a few facts that you can predict.

• The market will recover for sure sooner or later.
• Once the price has gone upwards for quite some time, it is surely going to fall down a little to make a correction.
• If the price is continuously going up for a long time then it is a bubble.

So you can expect to sell your coins when the market is going upwards for quite some time. We can't predict the exact time though.
It is something that we have to understand on our own.

Why don't you just sell whenever you felt like you wanna sell. Maybe you can buy back later when the bear market is over and it may take more than a year just as it happened last 2018. It could happen again. I have to think of ways where to get my funds to buy back the tokens I have been holding since 2017 but for someone who had dumped their BTC during its ATH, you must have more funds.