Are we all fools on believing the word "HOLD"? - page 22.

TastyChillySauce00

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Quote from: doomistake on November 21, 2019, 01:17:21 PM

Quote from: Rodeo02 on November 20, 2019, 05:58:14 AM

Holding it even we are in the bull market is a big mistake , there are many people has been experience this lost, becuase they believe that when holding it will increase its value sooner . if you are in profit already take the profit and leave dont wait for dump will happen, its better to have sure earnings than gambling it for just hoping that it will increase more .

I disagree, it is not totally a mistake, it just happens that they are too positive about the bull run, and hopes for even more about it, I will call it a mistake if they have lost their coin because they have send it to the wrong address because of too much excitement on getting their profits, maybe they (also me) missed the chance of selling it to gain profits, but bull run will still come and we will have another chance to do the right thing.

It is always greedines that lure peolpe into holding for too long and missed the train. I know because I did such a thing in the past too and that was such a painful experience and expensive ones too. it definitely feels like getting a slap right on my face. People who are always holding for too long are those who believe too much on what people says. usually they just outright follow people's opinion while those thoughts are truly biased from someone unqualified and deemed to be a shill.

Quote from: yangongear on November 21, 2019, 11:55:26 AM

Yes, most of us experience that feeling, which is hope, but after a difficult time of the market, we realize that money is the most important thing, and sometimes cutting losses is what must do.
As for Centra, there are a lot of articles about their CEO getting arrested, so I think he hasn't been following the market for a long time.

Just forget about that project, if there's someone getting arrested from a project that simply means the project is a failure and there's no need to further follow that project. After all, the emergence of such arrest is simply a catastrophe for the entire team despite having large amount of money being thrown down to their face. Even their coin have sunk to the depth of the coinmarketcap and nowhere to be seen as of now.

KillerInk

newbie

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You should not hold altcoins for too long but choose the opportunity to transfer your money to other altcoins to make a profit. Long-term investment is not always good.

ragavancoin

hero member

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As i have experienced personally I lost on Holding coins... A big mistake waiting for something huge profit I'll make through that... But i was wrong. As it is volatile couldn't predict i should have not hold for long time.

Hold only if market is very stronger then you can make profit.

Whilemost

newbie

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A lot of people believe in the word "HOLD" and they pay a heavy price. Cryptocurrencies are a good opportunity for making a profit, but if we keep on keeping it, the profit will be difficult to increase. Must invest and various altcoins.

doomistake

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Quote from: Rodeo02 on November 20, 2019, 05:58:14 AM

Holding it even we are in the bull market is a big mistake , there are many people has been experience this lost, becuase they believe that when holding it will increase its value sooner . if you are in profit already take the profit and leave dont wait for dump will happen, its better to have sure earnings than gambling it for just hoping that it will increase more .

I disagree, it is not totally a mistake, it just happens that they are too positive about the bull run, and hopes for even more about it, I will call it a mistake if they have lost their coin because they have send it to the wrong address because of too much excitement on getting their profits, maybe they (also me) missed the chance of selling it to gain profits, but bull run will still come and we will have another chance to do the right thing.

bitzizzix

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Quote from: mobilestrike on November 21, 2019, 12:01:12 PM

Quote from: owengtam09 on November 21, 2019, 05:55:04 AM

Why are we going to be a fool on the word HOLD? We are the ones who will decide if we will gonna hold our coins or not. We can sell and we can buy us anytime we want. Why are we going to hold if the market is in an uptrend? Of course, we choose to sell it and make a profit right? So it also depends on the market.

I agree with that phenomena because we hold only when we see the market and we look at the past of the bitcoin market. We know that the position of crypto is very better and is going to get more stronger that is why we are holding and waiting for a great bullrun.

I think almost everyone sells when the market is trending or going up and buys it when the market goes down.
and if they still hold it back when the market goes up it's like wasting an opportunity and in the end will regret when the market goes back down.

pobeditelvezde

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Unless cryptocurrencies are not prohibited it is quite reasonably to hold them because they may grow up at any moment of time and an investor will earn money. On the contrary having sold coins right now an investor will probably not earn much because the market is on lows. I plead not to accept my assumption as a use-case because there are some coins which are absolutely junk and have to be sold to save money invested into them. I sold almost all junk coins which I had. I am holding the most valuable and prospective coins in hope of the future grow. I could give as an example several coins which I have but I do not want to advertise them.

mobilestrike

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Quote from: owengtam09 on November 21, 2019, 05:55:04 AM

Why are we going to be a fool on the word HOLD? We are the ones who will decide if we will gonna hold our coins or not. We can sell and we can buy us anytime we want. Why are we going to hold if the market is in an uptrend? Of course, we choose to sell it and make a profit right? So it also depends on the market.

I agree with that phenomena because we hold only when we see the market and we look at the past of the bitcoin market. We know that the position of crypto is very better and is going to get more stronger that is why we are holding and waiting for a great bullrun.

aardvark15

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Your list appears to be only altcoins that are not in the top 50 in market cap. I suggest that you be careful with minor altcoins. I would make those a small part of a portfolio that includes some Bitcoin and a few major altcoins like Ethreum, EOS, Tron, etc.

yangongear

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Quote from: stadus on November 21, 2019, 06:48:19 AM

he didn't realize that because he is into a big goal to make a lot of money, its his decision to hold and as long as he believes the project he invested with are not scam, then the hope is their that it will recover as the market recovers.

on the list, only one coin I am familiar with that was turn into scam, and that was centra.

Quote from: yangongear on November 21, 2019, 06:15:31 AM

And you need to set a goal, sell it when have profit. I think you have had a crazy profit because you bought them from 2015. But in the hype of 2017, you didn't take profit, maybe because you are too greedy.

Maybe the goal was too high, he didn't sell in the last bull run which most of the coins have rise up x10 or more, so he has to pay the price now, but we cannot judge since he is still holding it and that means he doesn't loss anything yet.

Yes, most of us experience that feeling, which is hope, but after a difficult time of the market, we realize that money is the most important thing, and sometimes cutting losses is what must do.
As for Centra, there are a lot of articles about their CEO getting arrested, so I think he hasn't been following the market for a long time.

Fappanu

sr. member

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We are not fooled by the word "HOLD" we just hope because we know and experience the proof that when we hold on there is a profit. We hold the wrong time and it is not our fault. So while there is hope you just hold on,
"You gamble for a long time and if you don't win you just keep going"

ReiMomo

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It's a nice story OP and we are almost the same. I am also holding some coins in my portfolio and until now I didn't see my profit was there. Back then year 2017 is good to cash out if we know but the word HOLD was still in our mind and reminds us that possible we earn more profit if we hold a long time. I was trying to forget my altcoins holding now in my portfolio, I let them sleep in my wallet and hoping someday it will pump again. There's a promising event that gave me strength to stay HOLD, the next blockchain halving scalability.

Iceblast

full member

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it's okay with us trusting the word hold. but we must look at the conditions and situations where and when we hold, because not all types of coins are ready to be held and not every time they are also ready to receive a hold. so think about it

Andrews193

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Quote from: Zeke_23 on November 21, 2019, 05:19:48 AM

Quote from: Rodeo02 on November 20, 2019, 05:58:14 AM

Holding it even we are in the bull market is a big mistake , there are many people has been experience this lost, becuase they believe that when holding it will increase its value sooner . if you are in profit already take the profit and leave dont wait for dump will happen, its better to have sure earnings than gambling it for just hoping that it will increase more .

Yes, and it does include myself, having the same mistake as OP, instead of selling at ATH, I chose to hold and lost the opportunity of maximizing my profit. I was too greedy at that time and believe that crypto prices will increase more and will never go down.
So, now I learned my lesson and my current holdings will not be for hodl forever, I prepared myself to sell them when new ATH will come.

Greedy and believing that things will get higher and then continually holding on to whatever changes in market demand and trends, that's a big mistake for us but we should not think that we are stupid because this market offers so many great conditions, falling into a trap is normal. But at least, when people fall into these traps, it will be a long development in the future, we will have more wisdom in the method of better holding and financial management, no longer is a user with blind thinking and holding forever

suryapro

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Token Holding is a good way to wait for better price developments. but if the price has reached the maximum limit of the existing price, what are you waiting for?
because in trade, we really want profit.

White Christmas

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Quote from: jajorforce on November 21, 2019, 09:01:23 AM

You are doing right from now, you still focus on future. Because you understand your wrong to be greedy. Every coin has right time to sell or swap to new coin, most of the don't understand the situation. Even if you had invested in Bitcoin before pump, you could sell it.

We are not fools, just because we are believing that holding right now is the best way to do to be able to survive in the current situation? I guess this is the right thing to do in order to avoid heavy and much losses. We must just hold our coins and both bitcoin and altcoins because I believe that the time will come that the market will recover again and that would be the exact time that we are waiting for. Just like the famous people here in the crypto, do not be greedy and just follow the movements of the current situation of the market and you will become successful. That's right what you have been said that all of the coins has the right time to pump and dump so let's just wait for our turn by just holding our belongings coin.

jajorforce

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You are doing right from now, you still focus on future. Because you understand your wrong to be greedy. Every coin has right time to sell or swap to new coin, most of the don't understand the situation. Even if you had invested in Bitcoin before pump, you could sell it.

Kasabus

hero member

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We are not fools because I don't want to call my self a fool.
just like you, I am also a fan of long term holding and most of us really suffer with the long market struggle.

But if I can only change the time, I would have sold more during the last bull run so I don't need to wait longer now to see a possible next bull run.
Hopefully a new bull run will come next year because its halving schedule and its a good timing, and I am sure just like you OP, I am also gonna sell right away and will not make mistake holding again for another long period of time.

Hippocrypto

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Quote from: Zeke_23 on November 21, 2019, 05:19:48 AM

Quote from: Rodeo02 on November 20, 2019, 05:58:14 AM

Holding it even we are in the bull market is a big mistake , there are many people has been experience this lost, becuase they believe that when holding it will increase its value sooner . if you are in profit already take the profit and leave dont wait for dump will happen, its better to have sure earnings than gambling it for just hoping that it will increase more .

Yes, and it does include myself, having the same mistake as OP, instead of selling at ATH, I chose to hold and lost the opportunity of maximizing my profit. I was too greedy at that time and believe that crypto prices will increase more and will never go down.
So, now I learned my lesson and my current holdings will not be for hodl forever, I prepared myself to sell them when new ATH will come.

The past failures is making us stronger in times, it happens with a definite purpose. If we didn't come up with a good decision during bad days, we're still having the chance to move on. Holding had a meaningful value when we knew each coin capability, and someday we will be selling out these profitable coins once it reaches pumped price.

kaneki007

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I think you are greedy to get a bigger profit so you don't sell it when prices go up or even when a bullrun occurs. And cutlost is an option if you no longer trust and use daily trading strategies to get profits or buy altcoin that you trust for long-term investments.

Topic: Are we all fools on believing the word "HOLD"? - page 22. (Read 5735 times)