Are You Done Buying Cryptocoins? I AM.

Cosbycoin

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Quote from: sana54210 on May 04, 2019, 05:44:07 AM

Quote from: bison on May 02, 2019, 08:32:41 PM

Quote from: tonlong on May 02, 2019, 06:22:34 PM

For me, I buy the Altcoins that I like as well as they really have the potential for long-term. I believe the golden moment of Bitcoin will come and it may change my life. therefore I will keep them for the longer-term rather than short-term trading.

It is true that all cryptocurrency prices have the potential to be very expensive and with cryptocurrency you can get a lot of profit when the price goes up, but you have to know that cryptocurrency price movements will not always go up, one day it will fall like what is happening now.

That is right, we have to invest in very good coins, right now is even when I invest heavily in some coins because I can see what the future hold for them, a lot of people keep holding on to old projects that has already been overtaken by new Ideas, they don’t know that they are making such a mistake, because most of these old tokens that are not in the top 20 might not respond to the next bull run as people are already not picking interest in them and going for the newly established good projects. So we should not rely on old projects that much and stop investing, new ones has more potential of responding to bull run than the old ones.

Investing in coins that are on the list of the top coins and HODLING them for long term is the best thing you can do to make money. You actually wait for the best time when you would be able to cash out with the maximum profits. One should not always rely on the future price to be very volatile and trying to make wise decisions at the time of investment is also needed. Look for down costs of investments.

Kiweikoo

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Quote from: bison on May 02, 2019, 08:32:41 PM

Quote from: tonlong on May 02, 2019, 06:22:34 PM

For me, I buy the Altcoins that I like as well as they really have the potential for long-term. I believe the golden moment of Bitcoin will come and it may change my life. therefore I will keep them for the longer-term rather than short-term trading.

It is true that all cryptocurrency prices have the potential to be very expensive and with cryptocurrency you can get a lot of profit when the price goes up, but you have to know that cryptocurrency price movements will not always go up, one day it will fall like what is happening now.

You might go through such situation if you invest into any lower volume coin. Higher volume coins would not actually go downer then what they are currently because the bear markets were already been running and now are at the end. There is high possibility of bitcoins to go up and take all altcoins along with it.

This can be proved by the current running situation where the price for bitcoins has already showed us some major growth. Long term investment into any popular coins is also a better option to have immense profits with lower chances or risk.

FanEagle

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Quote from: Sithara007 on May 05, 2019, 01:51:32 AM

Crypto-currencies remain very volatile and every year you can expect major bull runs and bear rallies. If you are a good trader, then you should purchase the coins when the prices are low and sell them (partially or fully) when the prices are up. Holding your coins in cold storage for 5 or even 10 years is not going to help anyone.

Well, it is not still too bad for people to hold, we have so many people that does not have the courage to trade and if they do, they might lose it all, so instead of losing their investment to what they may never be able to understand, it is better they just keep their money in the wallet and become patient till the BULL market comes even if it takes more than 5 years.

For those that can trade, I think it will be best thing to do based on your suggestion, they can always buy when the market dips, then sell when the market increases even if it is not a full blown value yet, this is how many smart investors has been making money in this market season.

samcrypto

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Quote from: Nitori_m on May 01, 2019, 02:07:21 PM

Never say never. I am not done buying cryptos, I may pause for a stretch of time but usually come back. For me crypto buying as become a passive activity

We must keep active on buying cryptocurrency because the market doesn't stop from moving and if its cheaper, we have to be more aggressive on buying. Its ok to wait until it hit your target price, but don't just wait better to buy every opportunity and don't stop from doing it. This is a big cycle that will never stop, pump and dump will stay so we have to be wise and continue making money.

ricardobs

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Quote from: Khaos77 on April 11, 2019, 10:44:00 AM

Let's face facts, many of us have been in Crypto for years now.

Aside from the very few instances where you need to send crytocoins and transact immediately.

How many of you are just done buying crypto as an investment?

I mean you purchased enough of multiple coins, that if any hit your intended price target for them in 5 to 10 years,
you be richer than you ever dreamed.

So are you

1. Done buying crypto and just waiting for your ship to come in.
2. Buying forever with no intent to ever sell.
3. Still not purchased enough coins for your ship to come in.
4. Crypto Day Trader buy and sell everyday for small gains
added
5. Buying when extra money around, spending coins when finding stuff to buy via BTC and getting a better price, having a stash that I won't sell till I really feel the need to get out and one that I might sell earlier to cover some big buy (change of house, new car, etc etc).
6. Long Trader: Continuously buying while the prices are calm and just waiting to sell high.

I am in the 1 category, literally no reason to buy any more, don't even care about new cryptos.
If it reaches my price target , I'll be rich, if not, I won't be spending any more money on it.
So Which are You?

This might mean that you have invested everything you had into the coins and now are waiting for the price to reach all time high price so that you can sell off and be rich. This would not be that easy. The markets are not yet stable and you can see a lot of changes happening in the markets currently.

Also a growth towards success has been seen so that we can expect the price to pump much sooner. You should be patient and also have the ability to see the price going down below your expectations. Also set a stop-loss and you might surely end up in profits. Be sure to update your stop-loss each time the price changes by $100.

Autumn_Rain

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Quote from: Sithara007 on May 05, 2019, 01:51:32 AM

Crypto-currencies remain very volatile and every year you can expect major bull runs and bear rallies. If you are a good trader, then you should purchase the coins when the prices are low and sell them (partially or fully) when the prices are up. Holding your coins in cold storage for 5 or even 10 years is not going to help anyone.

So, you mean short-term trading, don't you?

Sithara007

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Crypto-currencies remain very volatile and every year you can expect major bull runs and bear rallies. If you are a good trader, then you should purchase the coins when the prices are low and sell them (partially or fully) when the prices are up. Holding your coins in cold storage for 5 or even 10 years is not going to help anyone.

Iykecollinz

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Different strokes for different folks, it is entirely up to you to make the decision and choice. I think this is coming out as a result of the huge bear season we had last year that caused the price dump of btc ftpm around $20,000 to near $4000. It is expected that a lot of altcoins will follow suit where a lot even dumped more than 10x. Making the right entry and exit at any moment in time matters, but a very good entry is of importance. Right now a lot of persons are making such decisions while a few are accumulating at this time, Only time will tell who it will favor and who will feel lost out and eventually decide to fomo which is the result of this.

truongdhnh

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Quote from: Khaos77 on April 11, 2019, 10:44:00 AM

Let's face facts, many of us have been in Crypto for years now.

Aside from the very few instances where you need to send crytocoins and transact immediately.

How many of you are just done buying crypto as an investment?

I mean you purchased enough of multiple coins, that if any hit your intended price target for them in 5 to 10 years,
you be richer than you ever dreamed.

So are you

1. Done buying crypto and just waiting for your ship to come in.
2. Buying forever with no intent to ever sell.
3. Still not purchased enough coins for your ship to come in.
4. Crypto Day Trader buy and sell everyday for small gains
added
5. Buying when extra money around, spending coins when finding stuff to buy via BTC and getting a better price, having a stash that I won't sell till I really feel the need to get out and one that I might sell earlier to cover some big buy (change of house, new car, etc etc).
6. Long Trader: Continuously buying while the prices are calm and just waiting to sell high.

I am in the 1 category, literally no reason to buy any more, don't even care about new cryptos.
If it reaches my price target , I'll be rich, if not, I won't be spending any more money on it.
So Which are You?

I really thank you for the title is very complete and meaningful. I entered the crypto market with two purposes to get a chance to get rich from it. Besides I want to improve my financial skills. So I bought Altcoins and traded on the day. My motto is that I keep a few long term Altcoins that I like.

sana54210

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Quote from: bison on May 02, 2019, 08:32:41 PM

Quote from: tonlong on May 02, 2019, 06:22:34 PM

For me, I buy the Altcoins that I like as well as they really have the potential for long-term. I believe the golden moment of Bitcoin will come and it may change my life. therefore I will keep them for the longer-term rather than short-term trading.

It is true that all cryptocurrency prices have the potential to be very expensive and with cryptocurrency you can get a lot of profit when the price goes up, but you have to know that cryptocurrency price movements will not always go up, one day it will fall like what is happening now.

That is right, we have to invest in very good coins, right now is even when I invest heavily in some coins because I can see what the future hold for them, a lot of people keep holding on to old projects that has already been overtaken by new Ideas, they don’t know that they are making such a mistake, because most of these old tokens that are not in the top 20 might not respond to the next bull run as people are already not picking interest in them and going for the newly established good projects. So we should not rely on old projects that much and stop investing, new ones has more potential of responding to bull run than the old ones.

bison

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Quote from: tonlong on May 02, 2019, 06:22:34 PM

For me, I buy the Altcoins that I like as well as they really have the potential for long-term. I believe the golden moment of Bitcoin will come and it may change my life. therefore I will keep them for the longer-term rather than short-term trading.

It is true that all cryptocurrency prices have the potential to be very expensive and with cryptocurrency you can get a lot of profit when the price goes up, but you have to know that cryptocurrency price movements will not always go up, one day it will fall like what is happening now.

GreatArkansas

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Quote from: Khaos77 on April 11, 2019, 10:44:00 AM

5. Buying when extra money around, spending coins when finding stuff to buy via BTC and getting a better price, having a stash that I won't sell till I really feel the need to get out and one that I might sell earlier to cover some big buy (change of house, new car, etc etc).

This is me, I still buy more, I know that we are still on the dip. Most of my holdings now are in BTC and planning to buy more altcoins. For every coin that I hold, I have a target before selling them so, I don't have to worry. I also buy on every dip and sometimes using my extra money to put it on crypto. But also sometimes when I need emergency funds, I use the crypto too.

tonlong

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For me, I buy the Altcoins that I like as well as they really have the potential for long-term. I believe the golden moment of Bitcoin will come and it may change my life. therefore I will keep them for the longer-term rather than short-term trading.

Pamadar

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Quote from: popolite11 on May 02, 2019, 02:16:12 PM

Quote from: lornadane on May 01, 2019, 03:23:40 PM

I am done with crypto buying since December! Now I become a trader because I think HODL is not the solution for everyone. HODL is for the rich or for them who don't know the trade. In trade, sometimes I make a profit and then sell my profits. Sometimes I buy more token through my profits, And now I am very happy with it, the bear market can't touch me now.

Now, I think, yes. However, we do not know how the market will behave in the future. Probably, I will rush to buy mory Bitcoin. Now, it seems to me that I have enough cryptocurrency.

That's right, there's no certain points and no accurate directions but buying is a good option while the value still cheaper, many coins will rise after this bearish season traders needs to be more careful and review everything before making any decisions, traders loves to work when opportunities is present.

popolite11

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Quote from: lornadane on May 01, 2019, 03:23:40 PM

I am done with crypto buying since December! Now I become a trader because I think HODL is not the solution for everyone. HODL is for the rich or for them who don't know the trade. In trade, sometimes I make a profit and then sell my profits. Sometimes I buy more token through my profits, And now I am very happy with it, the bear market can't touch me now.

Now, I think, yes. However, we do not know how the market will behave in the future. Probably, I will rush to buy mory Bitcoin. Now, it seems to me that I have enough cryptocurrency.

jonhn772

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To be honest I'm still trying to buy more and more coins to fill my bag with cryptocurrency. I'm looking for some best undervalue coins which have great protensial to increase the prices in the future.

ShowOff

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Quote from: John46285 on May 02, 2019, 11:17:23 AM

I've accumulated so many altcoins in last big dump if the crypto market and still trying to find out some protensial coins for investment.

It is good to spread our investment in a lot of place. In altcoin, when you spread your investment, sometime when 1 make you loss, the others can help you gain profit. That is why it is good strategy to use.

John46285

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I've accumulated so many altcoins in last big dump if the crypto market and still trying to find out some protensial coins for investment.

fullhdpixel

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Quote from: Pattart on April 30, 2019, 12:47:36 AM

Quote from: Kiweikoo on April 24, 2019, 03:44:36 PM

I think I’m done too, because I believe that I already have enough. Buying more coins is really a waste of time and money, the best thing I can do now is continue to trade with the ones I have and also hodl with the ones I want to hodl with. I bought a lot of coins as of recent and that includes that bitcoin, lite pin, NEO, EOS, ripple, eth, and a lot more of them and I have divided them – the ones I’m trading and the ones holding for profit in case bull run takes off.

There is no limit on buying and collecting crypto, so why do you think you have enough coins? if you want to be rich in the future then you have to collect as much as you can, don't be easily satisfied with what you have already, keep trying to get lots of coins, it will make you rich in the future

In this volatile market that we have so many doubt about some markets, what assurance does the OP even has that the coins he is holding is the right one and will bring him profit in future? I just read from this thread about a coin that has been in existence since 2015, they are still in the market, working , not a stable coin and they have still not increase in value, while some that just came out barely a year ago has already given over 100% profit to its holders.

So we just need to continue invest with that little spare money that we have, we don’t know which of the coins will yield a faster result till we have multiple of them for us to see.

lornadane

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I am done with crypto buying since December! Now I become a trader because I think HODL is not the solution for everyone. HODL is for the rich or for them who don't know the trade. In trade, sometimes I make a profit and then sell my profits. Sometimes I buy more token through my profits, And now I am very happy with it, the bear market can't touch me now.

Topic: Are You Done Buying Cryptocoins? I AM. (Read 1096 times)