Bitcoin or Altcoin hold, sell or trade?? - page 6.

irhact

hero member

Activity: 616

Merit: 749

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.

You're not alone, it happens to everyone, here's something I tried and it worked out for me. I don't buybaok my coins at once and neither do I sell all my allocation am the same time too. I sell them gradually or I buy gradually. When I do this, it doesn't matter how the market wants to play her game, I'll still benefit. If the prices dump after buying that's fine I have spare funds to buy more.

Same thing if he price rises after I sell, I have some coins left that I can sell in the future. The market always plays this trick on everyone but you have to make out a way so the market doesn't make a fool of you always, you can just hold and avoid all this and when you're in profit you leave the market totally.

Gladitorcomeback

hero member

Activity: 812

Merit: 619

which coins you hold? I think that choosing best coins is also necessary for the fruitful results because if you put money into the coin which have no future and has never gave benefits to the users in past then it's become very hard to achieve financial benefits.

As you pointed about bitcoin so every person has its own thoughts and every person thinks differently so I prefer bitcoin and it always allow outstanding solution to its holders.

Yes exactly price fluctuates but it does not refer to the fact that it will persists long and long but may be in few months it again recovers for the enhancement of your position.

BITCOIN4X

legendary

Activity: 1974

Merit: 1150

Quote from: royalfestus on February 18, 2023, 05:02:04 AM

Code:

[url]https://i.imgur.com/nf6dwxo.jpg[/url]

What stage are we in the market?

I've gone through all the stage in the image, and I'm still holding bitcoin until now. I no longer care what the market is like, I just believe buying gradually and holding is the best choice in the long term. We have been through the depression stages for 2022, and now the market is starting to appear to be recovering to encourage more confidence.

royalfestus

hero member

Activity: 2464

Merit: 519

What stage are we in the market?

leonair

sr. member

Activity: 1400

Merit: 420

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 is very difficult to be successful in every singsingle day trading and understanding the current market conditions, so always focus on those coins which have a good future and invest in those coins and hold them for a long time. In that case Bitcoin, Ethereum are the most potential coins. The value of Bitcoin and Ethereum is unlikely to go to zero and may see major corrections at times but they will not completely depress you. but here long time holding has the potential to give a big profit

bounceback

sr. member

Activity: 2086

Merit: 283

Vave.com - Crypto Casino

Quote from: MiF on February 14, 2023, 12:33:38 PM

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

Hold sell and trade is the best way to earn in crypto just choose the best coin to hold and wait till market condition become more better and sell while you are holding you can also do trading and earn everyday or every week it depends on you, there are a lot of ways to earn in crypto just do the right strategy and have patience to avoid loss.

Trading with altcoins is certainly one of the right ways to get passive profits by taking advantage of the ups and downs of market price movements, especially for people who already have enough experience and knowledge about a very volatile market.
But in my opinion it is not recommended if you plan to hold altcoins for the long term because so far if we pay attention to the average altcoin not being able to maintain its price in a bear market even some of them are usually worthless during bearish periods, only bitcoin is the only coin which is good for us to hold onto in the long run.

lixer

hero member

Activity: 2688

Merit: 588

Quote from: TheUltraElite on February 16, 2023, 03:00:25 AM

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.

This is a common "feature" of the market, dont think of it as a problem. Say you have a certain number of bitcoins to sell, when the price crosses your selling point, sell a fraction of that if you anticipate more highs. Then once it slows near another high, sell some more.

Similarly when the price is going down and you have fiat at hand, spend a fraction and wait for the next low. At point point you will run of fiat to spend when you need to stop and wait.

I think that is trailing stop or something, I forgot what it was called. I agree that it would be smart to get out portions when it goes up, that way you could definitely get out with some of your money in tact, but also stay in with some of it still going up. You should be both careful but also willing to take some risks to do this, and not many people realize that.

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.

ScamViruS

hero member

Activity: 1876

Merit: 721

Top Crypto Casino

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.

If you really knew about the market, you would understand why the market goes down. A trader needs to have knowledge about the market to trade crypto, so that such common questions do not cross your mind.

Because those who do crypto trading are well aware of how volatile this market is, and know the future potential of Bitcoin and short-term changes in Bitcoin do not affect them. So make a strategy and try to trade in the market which will clear your confusion.

Nrcewker

copper member

Activity: 2394

Merit: 539

DGbet.fun - Crypto Sportsbook

Quote from: |MINER| on February 15, 2023, 03:55:58 PM

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.

Remember mate, where there is risk, there the profits are also high. But along with high profits, the risk also increases. So decide according to your need and capabilities. If you have sufficient money and don’t care if you lose some, then altcoins investment are best to make quick money. But if you care about your hard earned money and want a safe and stable investment with little percentage of returns, then Bitcoins are the best. Now your money, your choice. Decide which one’s the best. And at last don’t be greedy.

Ahli38

hero member

Activity: 952

Merit: 779

for Bitcoin I prefer to just buy and hold it. because Bitcoin is suitable for long-term investment. But it's different with Altcoins. although there are some altcoins that do have good potential if held for the long term. but I prefer to trade altcoins with short-term trading (scalping). or I buy when the hype is about to happen and release it when the hype is almost over. but if we want to become a fairly reliable crypto trader. then of course we have to learn more about all kinds of analysis and also have to master psychology in trading. common sense should always take the lead in trading activity. don't let our emotions lead our bodies when we are trading. because emotions sometimes contradict common sense. Excessive fear and greed are the factors that make traders experience the most losses.

el kaka22

legendary

Activity: 3752

Merit: 1170

www.Crypto.Games: Multiple coins, multiple games

I would say hold and bitcoin. I know that it was sell or trade, but I would not sell and rather not trade, and I would rather pick bitcoin over all others. Why do you think that bitcoin is at the top right now and bigger than all the other coins, at times even bigger than all the other coins combined? That is because it is the best one and why would I prefer something that is worse than something else?

I would rather pick something that is better than all the other options and bitcoin is better than all the other options. In this case holding makes me profit because why not hold the thing that is the best out there for as long as possible, that sounds like a good investment.

death69

hero member

Activity: 1204

Merit: 545

Quote from: dunfida on February 15, 2023, 06:43:03 PM

Quote from: |MINER| on February 15, 2023, 03:55:58 PM

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.

Bitcoin and other top altcoins like ETH or something that sits around on top 10 in ranking in CMC which you could somewhat guild up that kind of confidence that you are putting your money into something which does
have strong and huge community which you could really tell and say that it would really be good for more longer years to come but of course it would be always accompanied with certain risk.
Not all does really have the patience to hold for long and this is why they do decide on dealing up with short term trades.So this is an another story to make since
we do have different goals and targets when it comes into our crypto investment.

Investing in cryptocurrency like Bitcoint and ETH can be a roller coaster ride, ya'll! The communitie behind the coin is importent, sure, but let's not forget that all investment come with a level of risks. As a trador, it's cruical to identify your own investment goals and risk tolarence and devlop a strategy that aligns with them. Do you prefer short-term trades, or are you in it for the long hole? It's all about findin' your groove, baby. Personally, I'm all 'bout diversifyin' my portfolo with a mix of differnt cryptocurrencies. That way, if one coin takes a hit, it won't completly wreck my gains. But let's keep it real, folks - the crypto world moves fast, so we gotta stay on our toes. Just look at what happened when China baned mining and tradin' activites - Bitcoin prices took a dive. When somethin' like that goes down, it's essentail to stay cool and collected, reasess your investment plan, and make informed decisons based on your goals and risk tolarence. Don't let the market shake you, stay woak and stay invested!

TheUltraElite

legendary

Activity: 2898

Merit: 1253

So anyway, I applied as a merit source :)

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.

This is a common "feature" of the market, dont think of it as a problem. Say you have a certain number of bitcoins to sell, when the price crosses your selling point, sell a fraction of that if you anticipate more highs. Then once it slows near another high, sell some more.

Similarly when the price is going down and you have fiat at hand, spend a fraction and wait for the next low. At point point you will run of fiat to spend when you need to stop and wait.

Quote

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.

What you bought four years back must have been some altcoin, which I always tell newbies to avoid. Cant help it now, you have to either keep holding it in hopes that it might come back up or cough up more money to invest anew, and this time keep it limited to bitcoin.

dunfida

legendary

Activity: 3122

Merit: 1140

Quote from: |MINER| on February 15, 2023, 03:55:58 PM

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.

Bitcoin and other top altcoins like ETH or something that sits around on top 10 in ranking in CMC which you could somewhat guild up that kind of confidence that you are putting your money into something which does
have strong and huge community which you could really tell and say that it would really be good for more longer years to come but of course it would be always accompanied with certain risk.
Not all does really have the patience to hold for long and this is why they do decide on dealing up with short term trades.So this is an another story to make since
we do have different goals and targets when it comes into our crypto investment.

|MINER|

sr. member

Activity: 1274

Merit: 457

If you have to choose between bitcoin and alt coin for long term trading then I would like to suggest you to select bitcoin, bitcoin is best and secure coin not only for long time hold but also for short time trading. Even then if you want to do trading in alt-coin then I would like to suggest you select the top coin from alt-coin for only short time trading it is very risky to do long term trading in alt-coin.
Even then at the end of the day alt coin is never a safe investment, its example is not only your post but many such incidents have already happened.

goaldigger

sr. member

Activity: 2422

Merit: 357

Quote from: Strongkored on February 15, 2023, 02:22:34 AM

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

past year in the case of 1 coin invest $1000, this coin price today zero.

That's the biggest risk of owning altcoins, the price can be zero and why are there still many who are still interested in altcoins because the profits get can also be said to be comparable because sometimes altcoins can provide big profits or vice versa big losses. If you don't have good knowledge of technical analysis, then saving Bitcoin for the long term will be more suitable because we just have to buy it and keep adding it, especially now that the price can be said to be cheap

There’s always a risk, so its better to trade with a plan and know when to buy and sell with this, you can actually maximize the opportunity in the market and be good at trading. You can always hold, buy and sell any crypto that you want base on your analysis, there is no limit on that just do your necessary analysis to know of you’re doing things right or your investing decisions are not that good which can result to some losses for you. Hold good crypto until the next bull run, you’ll see its worth it.

virasisog

hero member

Activity: 1820

Merit: 537

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.

Cryptocurrency is volatile and there will be times when you feel like the market is against your trading activities. The best thing to do is to learn how to deal with the risks of the market so you would know the perfect timing on when to buy and when to sell.
As for me, if your target is to gain a bigger profit with Bitcoin, just trade with altcoins and buy Bitcoin so you'll have good preparation when the bull market approaches. Try to focus on Bitcoin and accumulate more through your profit in altcoin trading.

death69

hero member

Activity: 1204

Merit: 545

As an experienced trader, I believe investing in Bitcoin is a wise decision. Bitcoin has established itself as a reliable and secure coin, unlike many altcoins that fail to meet their goals and are prone to becoming worthless. For long-term profits, it's crucial to research promising altcoins and invest in them wisely. Keeping up with events that can impact Bitcoin prices and using smart strategies to decide when to buy or sell can make a significant difference. In my experience, holding Bitcoin in the long term is the best option as we wait for the halving and bull run to come around again. I also agree with Robert Kiyosaki's prediction that Bitcoin's price will explode by 2025 and patiently await the market to stabilize to make a profit. In the trading world, there is no one-size-fits-all approach. Instead, it's crucial to gain enough experience to make the best decisions for you. With patience, knowledge, and research, you can ensure a profitable trading experience.

DanWalker

hero member

Activity: 1960

Merit: 547

DGbet.fun - Crypto Sportsbook

Quote from: WatChe on February 14, 2023, 10:56:47 PM

Quote from: ShowOff on February 14, 2023, 09:26:19 PM

From what I understand it sounds like the OP is only really interested in profit instead of the technology behind it. Granted that was never a problem and now he needs to understand how the market works for each time frame.

I agree that portfolio diversification is a good option to minimize risk. But at the same time that the OP decides to pick some non-potential altcoins then that's when he has increased the risk of a crash in the long term. Bitcoin is the single most potent asset, while several other altcoin are also good for attention. I understand that altcoin are also profitable instead of just bitcoin, but it just depends on one's interests and investment goals.

Portfolio diversification may work best in Stock where you have so many stocks of same potential. But in case of crypto market there is not any single crypto that is close of bitcoin. That's why bitcoin is still the best option for investment.
You may invest small portion of your capital in smart alts that can give you good return in short interval (like Polygon these days is a hit) but major chunk of your capital must be in bitcoin like 80:20.

Right, investing in 1 or more altcoins is not called diversification because the entire market depends on the movement of bitcoin. Most trash altcoin projects die after a while, so it can't be called diversification when investing in altcoins.

For altcoins, it's a game, altcoins are a pump and dump market, and there is no technology in this crypto market. It's all just an excuse to hype projects and then die. That's why altcoins should not be considered long-term investments.

Taskford

hero member

Activity: 2520

Merit: 783

Quote from: xSkylarx on February 12, 2023, 07:00:14 AM

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.Â 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.

The reason why your altcoin dies is that the developer and owner leave it. That is the problem with some altcoins if you hold them in the long run, unlike bitcoin, which is a sure profit. That is why it is better to hold bitcoin than that altcoin. Also, your experience is that when you bought at that current price,Â then it starts dropping. The meaning of this is that you didn't analyze the chart properly to determine where the entry point was, which is why you lost. You should have a strategy for when to buy so that you will minimize your losses.

Not actually a sure profit but rather a best option to have in terms of investment choice. Those alts are prone to dumps especially when the dev create it is a scammer so we will left don't have a choice but to bag hold it. Much better to have bitcoin and hold it for long term because it was proven that pumps comes with it for more years but we need to strengthen up our believes since we surely encounter to many challenges like corrections which also always happen.

Topic: Bitcoin or Altcoin hold, sell or trade?? - page 6. (Read 1120 times)