Can you sell your altcoins ? - page 6.

entrepmind23

sr. member

Activity: 644

Merit: 261

Quote from: Mehjia on January 11, 2018, 03:14:37 PM

Hello everybody , I am kind of new to this world.
I have made some investments in the altcoin , I think I have some good coins wich I can trust more in my portofolio like PRL , Onions , Dubai Coin and in my opinion Potcoin also.
I also have some coins like Verge , Power Ledger , Dogecoin in wich I dont have that much trust but I really just can't sell them , I'm like afraid that they will rise good and I will regret selling them.
I have some coins on my mind wich I will also like to add to my portofolio but it seems like my only option is to deposit more fiat money and buy them also , because I really can't convince myself to sell any coin

.
Do any have this problem, have this fear of selling altcoins before they rise from the buy price , I really can't give up on anything I buy If it doesnt make a huge jump to generate some profit

Sometimes I am thinking of the possibility that what if I sell this coins now and then it moons then I would miss a lot of profit and then there is a possibility as well that the price would go down which in effect I would have lesser profits so it is about having a plan of when to take profit because sometimes because of greediness I end up in a loss selling it below my buy price because I am still hoping for the price to go up. I sell my altcoins depending on my plan like if the altcoin is newly listed then there is a tendency for it to double, or even 10x in price so I would just sell half of it when I double the value so that I am only playing with profits and I am not so stressed that way watching the price from time to time.

ice18

hero member

Activity: 2492

Merit: 542

Why would you sell if your not needed? I mean if you dont need money for now like to spend in your everyday needs Dont sell it just hold coins in your wallet It might be very profitable in the future I only sell coins when Im in need of money I advise just keep it in your wallet.

budha29

newbie

Activity: 1

Merit: 0

First Post here, Former stock broker for many years, best thing to do is if your undecided, sell half. then you have the best of both worlds.

Boysisig207608

member

Activity: 230

Merit: 10

Yes I have done that many times specially when I see that the altcoin is nothing but just a garbage in my wallet... but there is one time when I sold my altcoin that I was keeping for a month, I sold it less the amount of its worth after 2 weeks, yes that altcoin go skyrocket on its market value... I only sold it for 1.5% from the 100% market value it reached 2 weeks after I sold it and I really felt disappointed on myself because of that experience.

sazon84

full member

Activity: 336

Merit: 100

I have no regrets about selling coins. Since they still got their profits. But I have released money for the purchase of new coins, which may in future give a big increase. But I have a rule not to sell the coins completely. I some part, even a little , but leave for a long time.

azard88

newbie

Activity: 9

Merit: 0

Great advice's for us newbies. Ty guys Grin

Ljanesanti

full member

Activity: 168

Merit: 100

Quote from: poketis22 on January 11, 2018, 03:24:05 PM

I do not know whether I will upset you or rejoice, but everyone is facing such a problem, as many have lost so much money from selling alcotoins at an unnecessary time, and the next day this coin took 100%, so it's up to you to decide!

Definitely. But what we or I do is to hold it for a much longer period of time but does not necessarily mean a year or so more on lets say 4 to 6 months. You really have to check out the volume of the market for you to be able to get the most out of it. One more if you are new it would be really helpful to join other closed group excluding this site to whom members are really into altcoins in that way they can advise you what to and what is not. Sometimes these people know more because of their experiences, it helps for me.

Lavdanoid

newbie

Activity: 70

Merit: 0

It's a good practice to do some rebalancements to your portfolio every 21 days or so. You could also fix small percentage of profits from most rising coins and add some new ones to your portfolio.

xuan87

legendary

Activity: 1666

Merit: 1001

Yes we all have the same problem which is regret after we sell, the price soar high and I have been in that situation for a lot of time, but my principle in trading is simple as long as I make profit then I am satisfy, I can't predict when it will be the peak price, and I also don't know when it will having huge fall, so I set the target price, once it's reaching that point then I will sell it

Genovese

full member

Activity: 284

Merit: 112

I have your same problem, I am loaded with PRL which I could sell with an incredible profit but I am afraid that they will continue to rise. Big problem.

Oktianabns

jr. member

Activity: 146

Merit: 2

If I am personally with very low capital I can only survive in one coin only, in the hope that the value of coin that I buy it will rise to the price that I expect

UCHCHILD

sr. member

Activity: 490

Merit: 250

You should know how to manage mate, you have to look if you are still earning to that coin or not, selling is good too just haave a great and good timing of selling your coin so you can have your profits too and youwillnot regret too.

urikmarkov

member

Activity: 182

Merit: 10

do not stick to your coins, thats could be bad too)

Kidmat

sr. member

Activity: 774

Merit: 250

I sell an altcoins if Im already in profit, but in my portfolio those coins worth holding as long term. I always check the updates of their project so I can decide whether to hold or sell enough. So take profit if you are in need or not might as well to hold.

gigusico

member

Activity: 350

Merit: 10

Something that sells what is bought in the long run I do not hold them basically so quickly to sell in order to make a profit

Xtra_Coin

member

Activity: 140

Merit: 10

Blockchain Identity Verification

There is a feeling when you do not understand what you do with this coin. But in my opinion, let them lie down for some time such altcoyins. What kind of coins grow faster in price, which is the other way around. There is not always a guess.

$$$sparkles$$$

member

Activity: 350

Merit: 10

Quote from: Mehjia on January 11, 2018, 03:14:37 PM

Hello everybody , I am kind of new to this world.
I have made some investments in the altcoin , I think I have some good coins wich I can trust more in my portofolio like PRL , Onions , Dubai Coin and in my opinion Potcoin also.
I also have some coins like Verge , Power Ledger , Dogecoin in wich I dont have that much trust but I really just can't sell them , I'm like afraid that they will rise good and I will regret selling them.
I have some coins on my mind wich I will also like to add to my portofolio but it seems like my only option is to deposit more fiat money and buy them also , because I really can't convince myself to sell any coin

.
Do any have this problem, have this fear of selling altcoins before they rise from the buy price , I really can't give up on anything I buy If it doesnt make a huge jump to generate some profit

Get some of the top coins. They are more stable and profit is almost guaranteed. Dips do happen, but they are temporary. Don’t be afraid to explore and take some risks. This is the only way you can truly earn.

wilberthh

member

Activity: 462

Merit: 12

Indonesian Translator, #1 Quality is prioritized.

I know how you feel.

Trust me, as time flies by, you missed more and more potential coins because you stuck in those coins. If you really don't wanna sell those coins because you believe on it, then the only option you have is to deposit again.

kara741

jr. member

Activity: 80

Merit: 1

my advice if you believe that your coin against invest save your portfolio much longer but with a note you have money for personal use, the biggest temptation is when your portfolio rises above worry about is you will sell it for other things like buying a car for example

gilangIDR

legendary

Activity: 1526

Merit: 1001

Quote from: syberwolfen on January 11, 2018, 05:36:07 PM

Quote from: justin86 on January 11, 2018, 04:56:54 PM

I sell them, mostly they rise after I sell but I do not regret because I know they will rise but it is not always like that. The market can enter a bear cycle and you may not be able to sell your coins at a good price.

Yes that's how we make profit if you are investor looking for long term investment then you can leave it for years but if you are dependant on crypto for earnings like most people do nowadays then the best thing would be sell it when it rises instead of waiting for it to reach to peak and then ending up with a dump.

I prefer to trade in a short time, I will sell the altcoin I have when the price increases and I have benefited. Although the benefits are not too great but it seems to me quite meaningful when we can repeat as much as possible. I do not like to wait long because sometimes the price does not increase compared to the current we buy it, even the price has decreased drastically. So for me it's better to do it faster than having to wait without any certainty.

Topic: Can you sell your altcoins ? - page 6. (Read 765 times)