Bitcoin or Altcoin hold, sell or trade?? - page 4.

stomachgrowls

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Quote from: darewaller on March 03, 2023, 04:14:01 PM

Quote from: John Abraham on March 02, 2023, 02:19:06 AM

You got it, right, buddy?
If you want to HODL, I would suggest Only Bitcoin. Most altcoins create pumps for the short term. The dev team spends money on marketing to pump it more. People keep buying when they see that they have touched their target price. The dev team increased the coin supply, and the coin star lost value daily. This is pretty much a scam, in my opinion. So, I won't suggest altcoins to hold.

You can trade with altcoins. Altcoins are too much volatile. It gained price so fast and went down quicker than that. So, if you want to trade with altcoins, you can do so. If you want to HOLD Crypto long-term, there is no coin except BTC.

That's true, holding bitcoin is good enough that you wouldn't really need to do anything else. Sure, you can give it a try and do some more things but that doesn't mean that you have to, it just means that you want to.

Things that you should are limited to just buying bitcoin and holding as long as you possibly could, that's the "should" part, that's what everyone needs to do, but when it comes to what you want to do, you can do the most silly and risky things that you want, that's on your own and if you make a mistake and buy something that is terrible then it's your own mistake and you should own up to it and not make the same mistake again later on.

Some people arent really that patient when it comes into their long term holdings on which there are people who do really just simply make up some active engagement and trading up on short term.

In my case i do make savings on 50% for long term hold with Bitcoin and other top altcoins and the other 50% would really be allocated for me to trade up in short term, and the profits that i would make
would be accumulated into my long term bag and this is why its not really that something that you would get stressed or bored out on doing nothing.

Its up to you on what you should gonna do since its your money after all and its none others business on how they would really be dealing with that.

darewaller

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Quote from: John Abraham on March 02, 2023, 02:19:06 AM

You got it, right, buddy?
If you want to HODL, I would suggest Only Bitcoin. Most altcoins create pumps for the short term. The dev team spends money on marketing to pump it more. People keep buying when they see that they have touched their target price. The dev team increased the coin supply, and the coin star lost value daily. This is pretty much a scam, in my opinion. So, I won't suggest altcoins to hold.

You can trade with altcoins. Altcoins are too much volatile. It gained price so fast and went down quicker than that. So, if you want to trade with altcoins, you can do so. If you want to HOLD Crypto long-term, there is no coin except BTC.

That's true, holding bitcoin is good enough that you wouldn't really need to do anything else. Sure, you can give it a try and do some more things but that doesn't mean that you have to, it just means that you want to.

Things that you should are limited to just buying bitcoin and holding as long as you possibly could, that's the "should" part, that's what everyone needs to do, but when it comes to what you want to do, you can do the most silly and risky things that you want, that's on your own and if you make a mistake and buy something that is terrible then it's your own mistake and you should own up to it and not make the same mistake again later on.

AnonBitCoiner

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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.

John Abraham

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You got it, right, buddy?
If you want to HODL, I would suggest Only Bitcoin. Most altcoins create pumps for the short term. The dev team spends money on marketing to pump it more. People keep buying when they see that they have touched their target price. The dev team increased the coin supply, and the coin star lost value daily. This is pretty much a scam, in my opinion. So, I won't suggest altcoins to hold.

You can trade with altcoins. Altcoins are too much volatile. It gained price so fast and went down quicker than that. So, if you want to trade with altcoins, you can do so. If you want to HOLD Crypto long-term, there is no coin except BTC.

tygeade

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Quote from: salad daging on February 28, 2023, 12:04:40 PM

Obviously this is a common mistake that we know that beginners often experience where when the price trend is going up they come and buy hoping the price can be high again but in reality they come with no basic knowledge so that in the end they become afraid of FOMO and that's what they feel almost every beginner, I know this is not an easy goal but beginners are always aggressive at the start of their purchases.
It's no wonder that if the price starts to fall and the market conditions are chaotic they will panic and sell from their losses after buying high and the beginners have no patience when they see the market turning bearish.

Why though? I mean seriously, why would anyone ever imagine that "something went up 10x, what if it goes up another 10x!!!" as a thought? How does that even make sense to people?

Even when I was a newbie, the reason why I lost money was I bought stuff that I thought bottomed out because they went down 50% and I bought it thinking it would start to recover and it went down another 50% on top of that, like for example when bitcoin went from 68k to 32k and then to 16k again, imagine me buying at 32k, thinking it bottomed out. THAT is something I can understand, but why would you buy something that already went up 10x? How does that make sense to anyone, even newbies.

Questat

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Well, I looked forward to how you changed your approach toward the market volatility and how you corrected your mistakes. Because it was not just about hearing suggestions or recommendations but also how you interact with the market performance. Even if you invest in Bitcoin or potential altcoins but still never gives you a profit assurance as it will depend on how you make decisions about when to buy or sell, and when to hold.

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Quote from: TheUltraElite on February 28, 2023, 10:26:01 AM

Buying at the top is a common mistake and often done by newbies who jump into the market while it is making headlines in the fear of missing out (FOMO). Then these people having a unsteady faith on the asset attempt to sell when the market crashes causing the exaggerated dump.

To be honest, such events will never stop and we must make sure as veteran traders to capitalize on these events. Buying low when they dump and selling high when they buy. Grin

Obviously this is a common mistake that we know that beginners often experience where when the price trend is going up they come and buy hoping the price can be high again but in reality they come with no basic knowledge so that in the end they become afraid of FOMO and that's what they feel almost every beginner, I know this is not an easy goal but beginners are always aggressive at the start of their purchases.
It's no wonder that if the price starts to fall and the market conditions are chaotic they will panic and sell from their losses after buying high and the beginners have no patience when they see the market turning bearish.

Rigon

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Quote from: Nunman on February 11, 2023, 01:15:53 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.

In fact, most of these incidents happen to everyone. Not only you, but also in our case, such incidents always happen. When the market rises a lot we sell and then see the market take a higher position from that position. And when we buy and then see the market go down further, we feel the same regret as you do.

All the altcoins you invested in were all shit coins. We know that except for a few altcoin, the rest of the coins are very risky to invest in. But keep in mind if you want to invest in altcoin, invest in BNB, Ethereum and do not invest in any other coins for long term. Even if you invest in all these coins and take a loss, there is hope of recovery. But I don't think all the coins you mentioned and damaged will ever recover. In any case, you will not make such a mistake again.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: lixer on February 16, 2023, 04:04:19 PM

I know it sounds like something that people are not really that much capable of, just by looking at the market and the complaints and outcries of people whenever it drops a bit. There are too many people who stupidly still buy when it goes up, and cries when it goes down from that top.

You cant help it if they dont want to help themselves. Those who understood the mistake, stopped complaining and returned to trading.

Buying at the top is a common mistake and often done by newbies who jump into the market while it is making headlines in the fear of missing out (FOMO). Then these people having a unsteady faith on the asset attempt to sell when the market crashes causing the exaggerated dump.

To be honest, such events will never stop and we must make sure as veteran traders to capitalize on these events. Buying low when they dump and selling high when they buy. Grin

darewaller

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Quote from: Natalim on February 21, 2023, 04:52:07 PM

Quote from: Cryptmuster on February 20, 2023, 03:20:22 AM

If you want to trade altcoins, then you need to choose a few tokens that are more interesting to you, follow them, analyze how often they have pumps and how significant they are. After that, when you make sure that there is good activity in the altcoin, you can start trading. But it is worth trading only for some part of your deposit, you need to remember the risks.

Well, we can say that choosing potential coins for trade or to invest in the long-term is a big factor but it never works without a proper strategy. It is needed need to spend the market and analyzed the trend because we can't just buy, hold and sell but also we have to do more research and chart review for this will give us some ideas if this is the right time to buy this coin or not. We can't just assume anything in the market and that is why we should not to rush investing but must undergo some TA.

And I would like to talk more about this by saying that finding a right strategy is not the same for everyone. What works for me may not work for you and what works for you may not work for someone else. Which is why everyone should find their own strategy and that way they could make more money from that as well.

It would make more sense in a way that it would be perfectly suited and personalized for you because you customized it to your preference. This would make it a lot better if we could just make money based on our own needs and preferences then when the time comes to be patient or act, we would be more inclined to do so and not be unsure of what we are doing.

Natalim

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Quote from: Cryptmuster on February 20, 2023, 03:20:22 AM

If you want to trade altcoins, then you need to choose a few tokens that are more interesting to you, follow them, analyze how often they have pumps and how significant they are. After that, when you make sure that there is good activity in the altcoin, you can start trading. But it is worth trading only for some part of your deposit, you need to remember the risks.

Well, we can say that choosing potential coins for trade or to invest in the long-term is a big factor but it never works without a proper strategy. It is needed need to spend the market and analyzed the trend because we can't just buy, hold and sell but also we have to do more research and chart review for this will give us some ideas if this is the right time to buy this coin or not. We can't just assume anything in the market and that is why we should not to rush investing but must undergo some TA.

doomloop

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Quote from: Nunman on February 11, 2023, 01:15:53 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.

It's alright to learn something when it is too late, if you were aware of the situation beforehand and get out, then you would have done the same thing later on, and lose eventually. It's better to lose money early on so that you would learn all these lessons and then later on when you get in with serious money then you would have all the answers to these problems.

This is just about problem solving, nothing more, you need to figure out what causes you to make bad trades, and lose money, and that's the problem, and then you need to find how you can avoid doing that and instead make a profit which is solving it. Best method is to realize the problem, and you did.

GigaBit

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Quote from: Nunman on February 11, 2023, 01:15:53 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.

Caution should be exercised before investing in cryptocurrencies. Here volatility can lead to huge gains and losses. Also, a big mistake is that invest in alt coins without knowing it properly. There are altcoins in the current market where the money is not recovered after investment. A large part of the investors have gone bankrupt by investing in many scam projects. If investing in alt coins then invest in a good project otherwise money can be wasted. But it is worthy to say that there is no better investment than holding Bitcoin. Holding and trading both are different issue. But my preference is to hold bitcoin and it is the best option.

Adbitco

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Quote from: Mpamaegbu on February 21, 2023, 08:55:06 AM

I've made more money trading and hodling altcoins than trading in Bitcoin. I believe this to be so for a greater percentage of users here too. However, I've also suffered greater disappointment and loss from trading altcoins too. If one gets it right, altcoin will make one richer faster than Bitcoin would. However, I won't advise newbies to go into altcoins except they truly know what they're doing.

Quote from: Adbitco on February 19, 2023, 01:14:38 PM

But for you to enjoy bitcoin you need to hold at least 1 year or more.

You've to know that it's not automatic you make money from hodling Bitcoin for that length of time (even more). It depends on the period in question one is hodling it. If anyone is buying and hodling Bitcoin from now till one year there's certainty that one will make a nice ROI on it. This period is the expected good time for Bitcoin till 2015 when we're likely to have another dump period.

Although you have a good point there, holding for at least one year might either falls in bear or Bull so there is no guarantee one must make profit from it unless is already on bull run before it can be assure of making a great ROI. However holding a bitcoin requires some patient otherwise I don't think there will be something good that one could ever see than just panicking around.

Mpamaegbu

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I've made more money trading and hodling altcoins than trading in Bitcoin. I believe this to be so for a greater percentage of users here too. However, I've also suffered greater disappointment and loss from trading altcoins too. If one gets it right, altcoin will make one richer faster than Bitcoin would. However, I won't advise newbies to go into altcoins except they truly know what they're doing.

Quote from: Adbitco on February 19, 2023, 01:14:38 PM

But for you to enjoy bitcoin you need to hold at least 1 year or more.

You've to know that it's not automatic you make money from hodling Bitcoin for that length of time (even more). It depends on the period in question one is hodling it. If anyone is buying and hodling Bitcoin from now till one year there's certainty that one will make a nice ROI on it. This period is the expected good time for Bitcoin till 2015 when we're likely to have another dump period.

Adbitco

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Quote from: lixer on February 20, 2023, 04:58:03 PM

Quote from: wxa7115 on February 19, 2023, 11:10:21 PM

Quote from: Adbitco on February 19, 2023, 01:14:38 PM

If you really wanna enjoy investing in an altcoin then don't hold for long, maybe you can sell off with little changes that occurs besides it's very hard to define the market price of altcoin and bitcoin. But for you to enjoy bitcoin you need to hold at least 1 year or more. I have come to think of those who doesn't pay attention to bitcoin and want to invest altcoin without having the idea that altcoin is being driven by bitcoin action.

Altcoins should receive a different treatment than bitcoin, you could invest in bitcoin and forget about it for years or even a decade and I am sure bitcoin will still be here and it will thrive during that time period.

But when it comes to altcoins you could never do something like this, if you invest in a coin like ethereum you can still take a relaxed approach but you still need to be way more vigilant than with your bitcoin, but if you invest in new altcoins or altcoins with a low market cap you will need to monitor your coins very closely because as we know those coins can crash out of nowhere at an incredible speed.

Cryptocurrencies are generally volatile by nature, so a crash could occur even in Bitcoin and we have seen it too, more than once. Also, as you said, there are altcoins worth being trusted just like ETH, which is already 8 years old and have gained significant value over time, though not as much as Bitcoin.

I believe those altcoins which have been around for a pretty long time, deserve to be trusted by the community and must be given the status of having the capability of being held for a longer term just like Bitcoin. I know they can't match the level, but at least they have provided some value alongside Bitcoin and contributed greatly towards the success of blockchain technology.

What i understand whenever people are talking of altcoin it doesn't relatively mean the reputable coin rather those shitcoin that is why it's always said don't invest in altcoin due to this phrase. Those newly launched altcoin or projects can't be defined about their future plans or to know their intentions towards the community, this could be bad or good but the tendency of a new project becoming successful is 40/60 at this point anyone who invested might raised an alarm of being dumped on their heads. But as per to trusted and reliable altcoin like ETH I don't think one should be afraid of investment seeing that after bitcoin today the next eyes goes ETH, BNB, Matic and any other network configuration tokens.

libert19

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Quote from: Nrcewker on February 20, 2023, 12:16:29 PM

Quote from: libert19 on February 19, 2023, 11:02:55 PM

I have done same, held onto alts until they all went to ashes. Should have converted them into btc or eth. Would be having less regrets today.

Quote from: Nunman on February 11, 2023, 01:15:53 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.

And imo, Just holding onto btc works fine.

Mate you could have figured it our early, if you could have seen the marketcaps of the shitcoins that you are holding. No altcoin can grow, if it is not backed up by any big organisation or big people. So investing in altcoin is similar to gambling in dice game with 2% chance. The risks involved and profits are always high, but it can eat all your bankroll. It’s always safe to invest in coin with big marketcap and popular, so hence Bitcoins and ETH are the best coins available currently with some assurance. Rest is upto you, whether to choose or not.

Well yeah, I figured that out eventually. Expensive lesson though.

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Quote from: GeorgeJohn on February 20, 2023, 04:55:20 PM

Quote from: Tespata on February 20, 2023, 11:18:58 AM

To make money, we simply keep it for a long time. This does not mean that they are greedy; rather, it simply means that they want to increase their profits. There is a good chance that you will increase your profits in a few years, but it will take patience. You are unable to wait, thus it won't work on you, so we'll use another tactic. Some of us employ the same tactic as you: we experience a modest increase, which we subsequently sell off, while others choose to hold on because there is a higher likelihood of making large profits.

People do venture into lost during the time of cryptocurrency investment, but one thing that makes some people not to cash out when due during investment is greediness. Actually an investor wants to make good investment, but what i notice for cryptocurrency investment is that when your instincts is telling you to make more profit it's when you about fall into lost, so as investor let us minimize our level of greediness in any investment.

Restricting the level of greed is must for every investor. By the time it is also to be noted that no one is sure of the top and the bottom price. Here we are not of greed, but out of fear just keeps holding and miss opportunities. A learning makes them book a minimal profit next time and here the market keeps increasing which is also loss for him. So, have some fixed profit to sell and buy is good.

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Quote from: wxa7115 on February 19, 2023, 11:10:21 PM

Quote from: Adbitco on February 19, 2023, 01:14:38 PM

If you really wanna enjoy investing in an altcoin then don't hold for long, maybe you can sell off with little changes that occurs besides it's very hard to define the market price of altcoin and bitcoin. But for you to enjoy bitcoin you need to hold at least 1 year or more. I have come to think of those who doesn't pay attention to bitcoin and want to invest altcoin without having the idea that altcoin is being driven by bitcoin action.

Altcoins should receive a different treatment than bitcoin, you could invest in bitcoin and forget about it for years or even a decade and I am sure bitcoin will still be here and it will thrive during that time period.

But when it comes to altcoins you could never do something like this, if you invest in a coin like ethereum you can still take a relaxed approach but you still need to be way more vigilant than with your bitcoin, but if you invest in new altcoins or altcoins with a low market cap you will need to monitor your coins very closely because as we know those coins can crash out of nowhere at an incredible speed.

Cryptocurrencies are generally volatile by nature, so a crash could occur even in Bitcoin and we have seen it too, more than once. Also, as you said, there are altcoins worth being trusted just like ETH, which is already 8 years old and have gained significant value over time, though not as much as Bitcoin.

I believe those altcoins which have been around for a pretty long time, deserve to be trusted by the community and must be given the status of having the capability of being held for a longer term just like Bitcoin. I know they can't match the level, but at least they have provided some value alongside Bitcoin and contributed greatly towards the success of blockchain technology.

GeorgeJohn

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Quote from: Tespata on February 20, 2023, 11:18:58 AM

To make money, we simply keep it for a long time. This does not mean that they are greedy; rather, it simply means that they want to increase their profits. There is a good chance that you will increase your profits in a few years, but it will take patience. You are unable to wait, thus it won't work on you, so we'll use another tactic. Some of us employ the same tactic as you: we experience a modest increase, which we subsequently sell off, while others choose to hold on because there is a higher likelihood of making large profits.

People do venture into lost during the time of cryptocurrency investment, but one thing that makes some people not to cash out when due during investment is greediness. Actually an investor wants to make good investment, but what i notice for cryptocurrency investment is that when your instincts is telling you to make more profit it's when you about fall into lost, so as investor let us minimize our level of greediness in any investment.

Topic: Bitcoin or Altcoin hold, sell or trade?? - page 4. (Read 1120 times)