Do you trade altcoins during the bull run or just hodl? - page 7.

nesty

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Quote from: JamesDaniel90 on May 25, 2023, 09:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

If will bullrun will happen next year I would definitely trade what i have been holding, i will take advantage to take profit. Then out of that profit i will wait for the market to go down again and i will invest again. That is the usual cycle of trading when the price gets high then take profit and when the price is low invest on it. Bull run is the best time to take profit from your investment. If you will take profit you might regret it if the market suddenly falls down after the bull run and you will have to wait again for a long time before you could recover from your investment.

TribalBob

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Quote from: JamesDaniel90 on May 25, 2023, 09:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

I personally will release my coin if it reaches the target that I set, at least I have benefited from buying it at the beginning. the beginning of 2022 as a lesson for me to experience losses until today because I have too high targets for the altcoins that I have and finally zonk

Yaunfitda

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Quote from: Boomber on July 07, 2023, 06:04:21 PM

Quote from: JamesDaniel90 on May 25, 2023, 09:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

I don't really like trading, because I prefer to buy and hold, so if the next year a bullrun really happens and the price of crypto that I invest increases according to my target, then I will sell it and if the price doesn't match my expected target, then I will not sell it and keep holding until the price is in accordance with the target that I expect.

Yeah, most of us doesn't want to complicate things in our end, so we might as well hold good coins, like BTC, ETH and BNB or ADA or any of the top ten coins in the altcoin market right now. And there are lot of altcoins that is going to be pump in the future, specially in the bull run that it's hard to track them. Majority of them might be meme or shitcoins though, so we need to be very careful with that. So for me as well, I would just rather hold and not trade in the future, just continue to accumulate cryptos and we will all be good in the next bull run. New all time high for solid coins in our portfolio. And with that, best advise is to really buy because they are still considered cheap as of this time.

Boomber

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Quote from: JamesDaniel90 on May 25, 2023, 09:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

I don't really like trading, because I prefer to buy and hold, so if the next year a bullrun really happens and the price of crypto that I invest increases according to my target, then I will sell it and if the price doesn't match my expected target, then I will not sell it and keep holding until the price is in accordance with the target that I expect.

Bitstar_coin

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In this upcoming bull period the only thing i will be doing is selling my bag of alts and taking good profit. Yeah, gone where the days of trying to prove to be a diamond hand because at the end of the bull season all you will be left with are regrets for not selling when your bags dump -90% when you had the opportunity. i don't want that situation to happen again, i have being there, learnt my lesson and ready to correct that useless mistake. Roll Eyes

So, i patiently await the upcoming bull season Cool

asawale

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Quote from: JamesDaniel90 on May 25, 2023, 09:59:27 AM

Next year will be my first bull run and have just been thinking about what will be best to do when it finally arrives next year.

Do you plan on just holding till an amount you are happy with or is it a good idea to try and trade altcoins whilst they are pumping to earn even more?

If you join or invested in a real and highly performing altcoins from its launch, you won't need to trade it before earning good profits from it. See the case of Solana coin when it launched to it's ATH. Sometimes, hodling is the right decision to make when investing in a cryptocurrency project, especially when you're a newbie

fat buddah

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I'm only buying and holding, trading is too stressful and hard, and I don't have the time and strength for that. I'm DCAing in Bitcoin and a few coins, but when everything dips I'm trying to buy more.

SaveOurSea

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Quote from: Shishir99 on July 03, 2023, 02:26:16 PM

I think in every bull run, there are some new coins that emerge in the market, and these coins deliver the highest return possible. Why am I saying this? Because if you look at the top coins list, there is very little possibility for these coins to go 5x, but a new potential project could do that. So I would say if you could pick 4-5 potential projects and HODL them, then you are good to go.

Many new coins don't last very long so to hold them long term is quite risky,
before choosing a potential project it is necessary to take the time to do research first,
because there are several projects that at the beginning have potential and in the end become scams so you need to be careful.

Fredomago

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Quote from: arufox on July 03, 2023, 11:58:03 AM

When facing an altcoin bull run, the best option is to trade actively because the market is in a good position. Moreover, trading altcoins has the potential to get big profits during bull run periods.

You need to know your targets. It's a tough call if you are not ready and you are just riding with the pump. There's a chance that you may get stuck if something happens along the way and the supporters decide to sell their assets. Possible that they already reach what they are expecting and already satisfy with the benefits that they've earned.

Bull season is the best time to position your investment, buy then set your target a risk that you need to take and see if how effective your strategy to make a good amount of profits.

Shishir99

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I think in every bull run, there are some new coins that emerge in the market, and these coins deliver the highest return possible. Why am I saying this? Because if you look at the top coins list, there is very little possibility for these coins to go 5x, but a new potential project could do that. So I would say if you could pick 4-5 potential projects and HODL them, then you are good to go.

konflikkastil

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Altcoins bull run is the best opportunity to make some cool cash, have had some experience with the so called bull run. Have had my own share of the bull. Few years back when I was still actively involved in airdrops, I bought some altcoins which later did well. I was very happy and thinking of what’s best decision either to keep it or leave it to keep bullying. After much contemplation I decided to keep half and trade the remaining half into a stable coin. To my surprise few days after I traded half of it, it double its price and I traded half of it again. And a month after the price came down to almost no amount. At that time the price of the coin was around $4,500 and it came down to $230.

arufox

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When facing an altcoin bull run, the best option is to trade actively because the market is in a good position. Moreover, trading altcoins has the potential to get big profits during bull run periods.

nyashenka

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Quote from: Patrol69 on July 01, 2023, 05:31:42 AM

Among the ALT coins there are some coins that are good enough to trade. And I myself choose these coins for trading. BNB and SOL are the best for me to trade among the alt coins. BNB and SOL have very good trading volumes and a lot of people are trading in these two coins. So after Bitcoin I keep these coins in the list of preferences for trading. If you don't like these two coins to trade, you can choose Ethereum or Matic. These two coins are good enough for trading.

To trade the coins it is necessary to have some experience not to lose money on trading. It is more simple just to buy the coins during the fall of the market and wait till the rise. The most important to choose the right coins to buy. It is better to choose the coins with a big capitalization which are more stable and will be able to survive during the fall of the market.

Patrol69

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Among the ALT coins there are some coins that are good enough to trade. And I myself choose these coins for trading. BNB and SOL are the best for me to trade among the alt coins. BNB and SOL have very good trading volumes and a lot of people are trading in these two coins. So after Bitcoin I keep these coins in the list of preferences for trading. If you don't like these two coins to trade, you can choose Ethereum or Matic. These two coins are good enough for trading.

gurunanakji777

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The bull market presents a favorable opportunity for trading due to its significant upward movement, increasing the potential return on investment. Compared to the bear market, it is comparatively easier to generate profits from buying assets during a bull run. However, it is important to note that not every coin will yield profits during a bull run, as some coins may not exhibit substantial movement. Therefore, my suggestion is to select a few coins, preferably 4-5, with good trading volumes and focus on trading them for better profits instead of simply holding them. Nevertheless, Bitcoin (BTC) and Ethereum are considered suitable for holding during a bull run, as they have the potential to generate substantial profits.

v3liana

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Im not interesting to daily trade. For every succes story you see, there are most stories of people who blew their money when doing a daily trade, especially for people who really dont know how to do it for me it's totally gambling. Buy some Bitcoin, Ether and small percentage of other coins. HOLD!

Magic-Money

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Actually the cryptocurrency market is ranging and no one knows the exactly the Bull Run going to take place, but is rather to prepare ahead by investing now that price of Coin's are cheap in the cryptocurrency market, while waiting for Bull Run by holding investment.

carlisle1

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Quote from: riskarcher on June 26, 2023, 12:05:21 PM

As Holder is only one things that make feel relax without cares about price than trading should be carefully for entry price and out from the market at the right time. At least if you're trader or holder as long as you know percentage that you want to take profit it's all fine

Indeed, you need to set your goal after you fully convinced yourself with your chosen asset, there's no problem if bull or bear
comes up as there's always a cycle and until you didn't meet your target.

You can just relax and patiently wait for the price to reach your target. There's always a good opportunity for both bear season and
bull season has a right timing to collect your profits or to position your orders in expect that you will be able to maximize your profits.

nyashenka

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Quote from: libert19 on June 27, 2023, 10:36:31 PM

I have held and that didn't turn out good. So, I suggest converting your profits to fiat/stables. Hope I'll remember my own advise Tongue

Many people believe that cryptocurrency market will continue to rise in the future. It is necessary to have experience to trade and if you do not have any experience to trade it is better just buy cryptocurrency now at the best price and hold it till its rise and then sell cryptocurrency for the best price.

libert19

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I have held and that didn't turn out good. So, I suggest converting your profits to fiat/stables. Hope I'll remember my own advise Tongue

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