ChainLink - Sell or Hold for some more time? - page 2.

viananda2525

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Quote from: JNR on November 09, 2020, 02:45:14 PM

Quote from: GeorgiaCoin on July 09, 2020, 04:05:30 PM

What do guys think of ChainLink's long term price prediction? Do you recommend, if someone bought it @ $1.5 better to sell and buy back at correction? Worried, What if there is no correction?

chainlink now become the TOP altcoins in coinmarketcap list and i don't see any reason to sell this coin in current price mate
because i still believe this coin will create new high in price in the future

if we sell chainlink adviced it just short time selling to take profits from trading and rebuy when chainlink price corrected. this coin was good project and now investors thinking chainlink could be most profitable coin in their portofolio. in few moment ago crypto market dumped but this coin could survive alon and even price gain manytimes.

JNR

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Quote from: GeorgiaCoin on July 09, 2020, 04:05:30 PM

What do guys think of ChainLink's long term price prediction? Do you recommend, if someone bought it @ $1.5 better to sell and buy back at correction? Worried, What if there is no correction?

chainlink now become the TOP altcoins in coinmarketcap list and i don't see any reason to sell this coin in current price mate
because i still believe this coin will create new high in price in the future

jacafbiz

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I think Chainlink will be the Ethereum of the DEFI space, we know that Ethereum controls the smart contract space. As long as people are bullish on DEFI link price will continue to go up, I don't think there are many DEFI projects not using Chainlink.

makishart

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Quote from: GeorgiaCoin on July 09, 2020, 04:05:30 PM

What do guys think of ChainLink's long term price prediction? Do you recommend, if someone bought it @ $1.5 better to sell and buy back at correction? Worried, What if there is no correction?

Now LINK is in the top 6 on coinmarketcap, the price is no longer $1.5 at the time of this question. Sell or hold? If you're holding it, I advise you to sell the half and hold the other half, safety first.

None know what will be happening in the future. As long as he was still in a huge profit and it's also the best decision to hodl all of his coins. Imagine when the bullish trend will come and the price of link will worth more than $20 next year.
That could be a very big thing for him because he has bought it around a few dollars for each link token at that time.
These days crypto are really promising investment. It's gradually growing to the another level.

Justin999

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Have you still hodl your ChainLink coin? If so, then you should hodl it for little more time cause you can see that price of ChainLink increasing and may possible act rarely bullish within short term. but if you don't know how to make maximum profit from your coin or don't like to take any risk anymore, then it is best to sold your coin cause now the price is good. Afterward i assume, you will find another chance for investment on another project

optimisticcm

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Quote from: GeorgiaCoin on July 09, 2020, 04:05:30 PM

What do guys think of ChainLink's long term price prediction? Do you recommend, if someone bought it @ $1.5 better to sell and buy back at correction? Worried, What if there is no correction?

Best time was to take profit when it pumped and made a peak around 20 and if you really bought at around 1.5 bucks then you are still in big profit and can take some profit but personally i think chainlink is a good hold and potential for growth is still huge, if you can wait or hold for few more months your peofit can grow.

South Park

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Quote from: vella85 on November 03, 2020, 04:56:26 PM

I think we'll see LINK pump again once the Altcoin cycle comes around. Right now Bitcoin is dominating the market so LINK and the other Alts time will come around again and I do expect this time we'll see LINK go a lot higher. The only concern I do have with LINK which I didn't mention before in here is that the team hold most of the supply so just say we do see LINK hit $50 will the team start to dump? Again that is the risk we all take with projects where the team hold a lot of the supply.

While you are not wrong on what you are saying the greatest problem is to know when this cycle will come, because after the crash of 2017 it took a really long time for altcoins to recover, will LINK still exist at that time? Most likely the answer is yes but what it will be its value at that time? It is precisely for this reason that I do not like to hold altcoins for the long term, altcoins are supposed to be traded and once the altcoin season is over then you go back to bitcoin, which is I think one of the main reasons for the growth that we are seeing in bitcoin.

puremage111

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Although your post is months ago

I will be sharing some opinion for people who thinking whether to buy now or wait
Technically most of the Alts is dropping hard as we can see the Alts index is not performing over the past 2 week

Link price wise
It had corrected almost 50% from $20 which the price float around $10-12 now
For coins that corrected 50%, it is consider a huge correction and buying it now is of course a better choice than buying it at $20 right?

However take note, if you are buying now, always know that it might not see gains immediately
If price drop, DCA-ing it since LINK is not some empty shell coins that does nothing, it provides oracle service for a lot business out there
Reserve some cash, buy some Link, you are good to go

vella85

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I think we'll see LINK pump again once the Altcoin cycle comes around. Right now Bitcoin is dominating the market so LINK and the other Alts time will come around again and I do expect this time we'll see LINK go a lot higher. The only concern I do have with LINK which I didn't mention before in here is that the team hold most of the supply so just say we do see LINK hit $50 will the team start to dump? Again that is the risk we all take with projects where the team hold a lot of the supply.

South Park

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Quote from: hahay on October 29, 2020, 04:05:22 PM

Quote from: South Park on October 29, 2020, 03:12:06 PM

Quote from: Temido2222 on October 28, 2020, 08:01:20 PM

I bailed on Link a few weeks ago after holding for about a year, made a hefty profit

Good for you, however what should do anyone that is just trying to invest in the coin for the first time? In my opinion they should stay away from the coin, people like you that invested long ago when the price was very cheap have began to sell their stash, which is completely understandable, but this means that those that want to enter now will have to do so at inflated prices and it does not seem like a good idea, if anyone believes in this coin for the long term that person needs to wait for the crash to come and only then he can buy as much link as he wants.

I don't think so, buy any coin that you believe will get a big spike in the future, so buying when the price is high I don't think is a problem because the most important thing is not to buy when the price is at the ATH line or point. That is, when the price is high but it shows that the price is still lower than the previous ATH point, then starting to buy is not a problem because the coin has the potential to continue growing later. Hold the long and short term is certainly a different thing, because LINK is feasible for the long term and maybe for both it depends on your own way, but you don't need to wait for the crash to come because it will only make you regret if the increase happens quickly without going through a crash.

If that is your strategy and it works for you then I am not going to say anything about it, it is just that I have found out that has not worked at all for me and I prefer to enter the markets when they are calm and not when they are going up significantly, this means that I need to wait a lot of time for the profits I want but once the market begins to go up I do not have to worry if this will be a significant bull run or anything since I invested at a point in which most people were not interested to invest and I got a good price for my coins.

bussybuddy

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Up to now if you have earned yourself a profit you can sell it. Since I see CHAINLINK this year doing their job very well, the value has been gained significantly.

As for the next suggestion I hope you can follow up more about the project, evaluate its potential and I believe you agree with me CHAINLINK will have a future growth. And I advise you to sell and get a return and only have enough back if you feel that if you lose it and it does not affect your life, that's how I always advise friends to invest in this market.

lkjhg

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Quote from: SARA ISLAM on October 29, 2020, 01:34:42 PM

In the long run, daily candlesticks still follow, showing that they are still up, but have reached a resistance level.
So you have to keep an eye on the market carefully. If the candlestick pattern gives sale confirmation, then you have to wait to buy back with the sale.

LINK has increased 7000%, this is an amazing number for an investment, imagine if you bought it for $ 0.2,
and now Link's price is at $ 12, and had reached ATH at $ 19, of course investors have enjoyed the results,
if you want to hold Link long term, you must accept all the risks.

hahay

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Quote from: South Park on October 29, 2020, 03:12:06 PM

Quote from: Temido2222 on October 28, 2020, 08:01:20 PM

I bailed on Link a few weeks ago after holding for about a year, made a hefty profit

Good for you, however what should do anyone that is just trying to invest in the coin for the first time? In my opinion they should stay away from the coin, people like you that invested long ago when the price was very cheap have began to sell their stash, which is completely understandable, but this means that those that want to enter now will have to do so at inflated prices and it does not seem like a good idea, if anyone believes in this coin for the long term that person needs to wait for the crash to come and only then he can buy as much link as he wants.

I don't think so, buy any coin that you believe will get a big spike in the future, so buying when the price is high I don't think is a problem because the most important thing is not to buy when the price is at the ATH line or point. That is, when the price is high but it shows that the price is still lower than the previous ATH point, then starting to buy is not a problem because the coin has the potential to continue growing later. Hold the long and short term is certainly a different thing, because LINK is feasible for the long term and maybe for both it depends on your own way, but you don't need to wait for the crash to come because it will only make you regret if the increase happens quickly without going through a crash.

South Park

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Quote from: Temido2222 on October 28, 2020, 08:01:20 PM

I bailed on Link a few weeks ago after holding for about a year, made a hefty profit

Good for you, however what should do anyone that is just trying to invest in the coin for the first time? In my opinion they should stay away from the coin, people like you that invested long ago when the price was very cheap have began to sell their stash, which is completely understandable, but this means that those that want to enter now will have to do so at inflated prices and it does not seem like a good idea, if anyone believes in this coin for the long term that person needs to wait for the crash to come and only then he can buy as much link as he wants.

SARA ISLAM

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In the long run, daily candlesticks still follow, showing that they are still up, but have reached a resistance level.
So you have to keep an eye on the market carefully. If the candlestick pattern gives sale confirmation, then you have to wait to buy back with the sale.

Temido2222

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I bailed on Link a few weeks ago after holding for about a year, made a hefty profit

ChronoLite

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chainlink is really good for day trading as the price is really volatile even in 5 minutes chart, you could get something from that. but i don't know for long-term investment, it might be good cuz of how high the trading volume is but looking at the past month there is nothing too significant on chainlink. you might have to look more in-depth for few more days to make a decision.

fourpiece

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If you already made profit then sell it so you that you wont regret if price sudden go down and ruined your profit. Take profit and not just only holding and waiting for a huge profit cause you will not know what will happen.

vella85

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Quote from: Hovarda on October 25, 2020, 12:42:33 PM

I think the LINK price is quite high. I think he will be one of the biggest losers in a possible bear season. Moreover, this will happen much faster when parts that are not in circulation enter the market.

That could be true however LINK has performed very well for the past year and a half which was during a bear market. Right now its not looking like a bear market so I still can see some upside for LINK in the coming year and into 2022.

Hovarda

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I think the LINK price is quite high. I think he will be one of the biggest losers in a possible bear season. Moreover, this will happen much faster when parts that are not in circulation enter the market.

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