Bitcoin or Altcoin hold, sell or trade?? - page 3.

royalfestus

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Quote from: ololajulo on March 19, 2023, 05:40:05 PM

Quote from: royalfestus on February 18, 2023, 06:02:04 AM

What stage are we in the market?

Considering the current market, there is a lot that is missing towards the end of the chart, while the market is already picking up. It might have had an anger phase, but there has been no depression or disbelief. It is possible that another chart will be produced in the future

This is an interesting chart by CryptoInAByte (https://twitter.com/CryptoInAByte/status/1624190669693526017?s=20). It is a little different and it spread from 2023-2026. I dont believe the bull market prediction into 2025

D ltr

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holding bitcoin is the top choice in crypto, trading altcoins to increase btc stock
why do I say that, because the movement of altcoins is sometimes in a short time, but here we are required to have accuracy in making decisions, wrong steps to make decisions, our money will be lost

xSkylarx

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Quote from: WatChe on March 21, 2023, 12:35:36 AM

Quote from: CryptoBuds on March 20, 2023, 04:37:53 AM

I agree, those altcoins are very unlikely to offer good returns in the next bull season, but I won't agree with you that all altcoins should be ignored and just trust bitcoin.
Yes, no altcoin can replace or will be safer than bitcoin, but when it comes to profitability, there are some coins that perform better than bitcoin. ETH and BNB, in the previous bull season, both of these coins, were more profitable than BTC, and I also believe that in the next bull cycle, the same thing will repeat. ETH is not better than bitcoin but also not inferior to bitcoin, and that has been proven so far.

Apart from few altcoins the reality is that majority cease to exist or lose there value over period of time. You are right in saying that alts like ETH and BNB have retained there values over time and are now recognised alts. If you have to invest in alts then keep major portion of your capital reserved for Bitcoin and good approach is to invest 20 to 30% in alts. Be careful in choosing alts as I said majority cease to exit with time.

Only a few of them are still standing, but most of them died a year later. It still depends on the person where he will be investing because the gains in altcoins are greater than in bitcoin, but the risks are also higher. Mostly people are investing in the top 10 altcoins as they can see that it is promising, and also having funds on bitcoin, it is good to not put all your investments in one basket, destabilizing so that you won't lose it all.

WatChe

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Quote from: CryptoBuds on March 20, 2023, 04:37:53 AM

I agree, those altcoins are very unlikely to offer good returns in the next bull season, but I won't agree with you that all altcoins should be ignored and just trust bitcoin.
Yes, no altcoin can replace or will be safer than bitcoin, but when it comes to profitability, there are some coins that perform better than bitcoin. ETH and BNB, in the previous bull season, both of these coins, were more profitable than BTC, and I also believe that in the next bull cycle, the same thing will repeat. ETH is not better than bitcoin but also not inferior to bitcoin, and that has been proven so far.

Apart from few altcoins the reality is that majority cease to exist or lose there value over period of time. You are right in saying that alts like ETH and BNB have retained there values over time and are now recognised alts. If you have to invest in alts then keep major portion of your capital reserved for Bitcoin and good approach is to invest 20 to 30% in alts. Be careful in choosing alts as I said majority cease to exit with time.

bounceback

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Quote from: Nunman on February 11, 2023, 02:15:53 PM

My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision. This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.

Now

*Hold
*Sell
*Trade
Looking forward to the opinion of the experienced.

It depends on what altcoin you are investing in, if the altcoin is not popular and doesn't have strong fundamentals maybe in my opinion it is better to sell it immediately when there is an increase in the price of the coin so that by selling it at least all your funds are not lost because basically almost all altcoins are not the right choice for us to hold in the long term, most of them are only suitable for us to make as an alternative if our funds are not enough to buy bitcoin, holding altcoins in the long term other than ETH and BNB is very risky, only two of these altcoins that we can trust and have proven to be able to survive all this time .

irhact

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Quote from: CryptoBuds on March 20, 2023, 04:37:53 AM

Yes, no altcoin can replace or will be safer than bitcoin, but when it comes to profitability, there are some coins that perform better than bitcoin. ETH and BNB, in the previous bull season, both of these coins, were more profitable than BTC, and I also believe that in the next bull cycle, the same thing will repeat. ETH is not better than bitcoin but also not inferior to bitcoin, and that has been proven so far.

I'm not against altcoins nor I'm saying they shoudn't be traded but having them in your portfolio just because they're doing well now is not wise. If you want to trade altcoins then wait for the bull market to start before you start trading. Altcoins are tools used for pump and dump avoid them in bear market or you'll regret it. Before they become popular, they're already overbought.

Ethereum is over centralized and if it does crash, it'll cause more investors losses than FTX and Luna combined. With it's new upgrade it'll now be controlled by the centralized exchange since everyone is staking on the platform. Just as Binance dump and cause FTX crash, they can do the same to Ethereum in the future.

CryptoBuds

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Quote from: irhact on March 19, 2023, 06:19:21 PM

Quote from: bettercrypto on March 06, 2023, 04:06:59 AM

If here are altcoins that are good to hold for a long time, one of them is Matic(Polygon), Shiba Inu, Binance, Babydoge, Hot, Bone, Leash, and others. These are just a few that I think can provide good profits in the future.

All those altcoins you listed mightn't make it to the next bull cycle been at the top of their market. They might be popping now but you might never knows what news comes up tomorrow and they die out of the public eyes. Polygon wasn't in the public eyes last two bull market but it became very popular few years back due to Ethereum having congestion issue.

Tomorrow another issue might come up and another project because very popular and it begins to trend and dominate the market and that's why you never believe in one particular altcoins for very long. You should only believe Bitcoin future as it can never be replaced like the other altcoins.

I agree, those altcoins are very unlikely to offer good returns in the next bull season, but I won't agree with you that all altcoins should be ignored and just trust bitcoin.
Yes, no altcoin can replace or will be safer than bitcoin, but when it comes to profitability, there are some coins that perform better than bitcoin. ETH and BNB, in the previous bull season, both of these coins, were more profitable than BTC, and I also believe that in the next bull cycle, the same thing will repeat. ETH is not better than bitcoin but also not inferior to bitcoin, and that has been proven so far.

gaston castano

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it's too risky to buy then hold coins for too long especially for new altcoins, most of them will end in 0, if that's the case my advice is to buy, then make a profit then just sell.
if you can do this over and over again and your profits are more than your losses, then you can become a short-term trader.

Pejoh Asu

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As an investor of course I prefer to divide assets into many types, altcoins have good potential in the future because we can get opportunities for profits of 100x or more more easily if we hold altcoins, while bitcoin is the strongest coin which is of course more suitable if we hold it for long term (more than 5 years). for the portion of the distribution of crypto assets that I currently have is 70% for altcoins and 30% for bitcoin.

irhact

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Quote from: bettercrypto on March 06, 2023, 04:06:59 AM

If here are altcoins that are good to hold for a long time, one of them is Matic(Polygon), Shiba Inu, Binance, Babydoge, Hot, Bone, Leash, and others. These are just a few that I think can provide good profits in the future.

All those altcoins you listed mightn't make it to the next bull cycle been at the top of their market. They might be popping now but you might never knows what news comes up tomorrow and they die out of the public eyes. Polygon wasn't in the public eyes last two bull market but it became very popular few years back due to Ethereum having congestion issue.

Tomorrow another issue might come up and another project because very popular and it begins to trend and dominate the market and that's why you never believe in one particular altcoins for very long. You should only believe Bitcoin future as it can never be replaced like the other altcoins.

ololajulo

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Quote from: royalfestus on February 18, 2023, 06:02:04 AM

What stage are we in the market?

Considering the current market, there is a lot that is missing towards the end of the chart, while the market is already picking up. It might have had an anger phase, but there has been no depression or disbelief. It is possible that another chart will be produced in the future

LUCKMCFLY

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Quote from: AnonBitCoiner on March 02, 2023, 08:47:59 AM

not every coin is beneficial and not every coin can give you profit through holding. Selection of tokens has also a great effect on your profit and chances of achievement. If you are choosing new coins to make investment then it will not provide you positive results like that of bitcoin, Ethereum and many more.

If you are losing money regularly then take some break and read carefully about trading because regular losses will become a cause of your earnings reduction. You mentioned that whenever you sell you bitcoin then the price go up and up so I will say here that you just have to take your profit and do not think about the future increase because this behavior is consider as greedy which can also reduce your profit. If you take some profit then its enough now you have to make your buying point when the market again reduces in price.

I think the same as you, for me the safest currency or action is btc, there is no other, I know that there are many who have altcoins as a priority option, but I don't, because I see that it could be irresponsible to say that there is one currency X that I see in the future and that it will rise in price, then a world of people will buy and suddenly that currency falls and makes them lose, so that is not the right thing to do, the right thing to do here is to buy btc, because I know that btc It will rise in price because btc already has a lot of history, and it has also completed the main phases of the market, such as the accumulation and distribution phases.

borovichok

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Quote from: Stable090 on March 06, 2023, 05:39:55 PM

In cryptocurrency you can never catch the bottom, I was once having the same problem u are having, whenever I buy it will start dumping and immediately I sell it will start pumping back, so I later stopped trading and I decided to be HOLDING, if I can buy and the price keeps dumping, am always making use of the opportunity to buy more at a cheaper price and I always do that with the money I won’t be using soon. I noticed not everyone can trade, just discover the strategy that works for you and stick to it.

Trading the market is sometimes frustrating specifically when you're recording losses and liquidation on a row, I found it demotivating and I quit. Few years back, I bounced to the market but this time, I was not scared of losing because my mindset and confidence have been stabilize by PDFs tutorial and was ready for what the market has for me. I've purchase more altcoins to my portfolio for the nearest future when the bull season arrives. Holding required patience before one can start earning profits enormously from the market, however it depends on good trading strategy.

Stable090

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In cryptocurrency you can never catch the bottom, I was once having the same problem u are having, whenever I buy it will start dumping and immediately I sell it will start pumping back, so I later stopped trading and I decided to be HOLDING, if I can buy and the price keeps dumping, am always making use of the opportunity to buy more at a cheaper price and I always do that with the money I won’t be using soon. I noticed not everyone can trade, just discover the strategy that works for you and stick to it.

YOSHIE

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Quote from: Nunman on February 11, 2023, 02:15:53 PM

Looking forward to the opinion of the experienced.

As far as I know, whatever type of crypto trading you do, everything is selling & buying, whether it's Futures, Margin, Spot and so on, the main goal is selling, crypto trading doesn't look at the long term, looking at the market situation and the crypto you trade has a profit, of course you can let it go.

It's different if you make an investment, you have a long time, to consider selling the type of crypto you invest in the crypto market, for that if you invest now, my advice is not to sell.
wait for a new ATH to happen, I don't know when it will happen, but you can still monitor the crypto market situation today or in the future.

I'm sure the current crypto market situation will be better, for the foreseeable future.

bettercrypto

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Most of the communities here on the forum will say that Bitcoin is the safest and best to hold for a long time, which is true.

If there are altcoins that are good to hold for a long time, one of them is Matic(Polygon), Shiba Inu, Binance, Babydoge, Hot, Bone, Leash, and others. These are just a few that I think can provide good profits in the future.

Munir575

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Quote from: Nunman on February 11, 2023, 02:15:53 PM

My opinion, Bitcoin all time saving mode is the best way. Some time when bitcoin price up then sell and when price down then buy is the best decision. This method all time not working for trade. Many time i noticed when i sell bitcoin or altcoin sell since then price grow up and up. And when I buy bitcoin or altcoin then price low day by day. specialy, altcoin hold, sell and trade big loss. 4 years ago few coins i hold for future. now this coin price few value or most of coin value is zero. Few coin trade, there too big loss. past year in the case of 1 coin invest $1000, this coin price today zero.

Now

*Hold
*Sell
*Trade
Looking forward to the opinion of the experienced.

Its best to buy when price is low and sell when price is high but it does not usually happen that way at times you will buy and the price will keep falling so i still continue to buy and wait till price bounces back. When you invest in altcoins there is bigger risk involved than investing in bitcoin, altcoins are not reliable and most projects just die off. I advise you spend your money more on Bitcoin and few alts that are already well established like Ethereum and the likes.

jaberwock

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Quote from: AnonBitCoiner on March 02, 2023, 08:47:59 AM

not every coin is beneficial and not every coin can give you profit through holding. Selection of tokens has also a great effect on your profit and chances of achievement. If you are choosing new coins to make investment then it will not provide you positive results like that of bitcoin, Ethereum and many more.

If you are losing money regularly then take some break and read carefully about trading because regular losses will become a cause of your earnings reduction. You mentioned that whenever you sell you bitcoin then the price go up and up so I will say here that you just have to take your profit and do not think about the future increase because this behavior is consider as greedy which can also reduce your profit. If you take some profit then its enough now you have to make your buying point when the market again reduces in price.

Not every "altcoin". That is what you forgot to add there because there is only one bitcoin but there are more than one altcoins. They say that new altcoins can still increase faster than in bitcoin. This might be true but there are no guarantees that they can last for a long time so before we invest on them, make sure that we are not greedy so that we can be able to sell on time before they collapse.

It's also important to build experience first. When it comes to bitcoin, it is always fine to wait for more increases because in case you miss the selling opportunity, bitcoin can still recover and give you another chance again. At this point, you should now know what to do.

Ziskinberg

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Quote from: AnonBitCoiner on March 02, 2023, 08:47:59 AM

...
If you are losing money regularly then take some break and read carefully about trading because regular losses will become a cause of your earnings reduction. You mentioned that whenever you sell you bitcoin then the price go up and up so I will say here that you just have to take your profit and do not think about the future increase because this behavior is consider as greedy which can also reduce your profit. If you take some profit then its enough now you have to make your buying point when the market again reduces in price.

Losses often happen when we commit mistakes and that is what we need to find out and make a solution to it. Yes, it doesn't matter even choosing the best coins in the market but if we are using ineffective strategies, we still end up losing. It guarantees nothing but if we already have deep knowledge of the market, we already what to do in different market conditions.
But I would like to encourage everyone to be consistent on buying low and selling high, and most of all, we need to learn how to be patient.

Digital_Lord

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Holding is full of advantages but complete knowledge is necessary for any type of trading and holding because there are some individuals who have no idea that when to sell and when to buy so this is the key components because you do not know that on which price you have to buy coin. You should know about the price indicator and make investment according to price chart. buying and selling regularly and on quick basis is good but it will require you whole day and its not guaranteed that will benefited you after a day spent. But holding on other side can lower your losses so I think for successful trader one should follow indicators and set a price in a mind that at this price you will buy it and if it increases by specific percentage then you will sell it.

Topic: Bitcoin or Altcoin hold, sell or trade?? - page 3. (Read 1073 times)