DONT MARRY YOUR ALTCOIN BAGS - page 4.

DabsPoorVersion

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Quote from: lienfaye on August 13, 2020, 08:19:36 AM

Quote from: angrybirdy on August 13, 2020, 07:31:24 AM

Exactly, just provide a short period of time when holding an altcoin. Holding it for too long will not bring us anything but regrets. Instead of having the opportunity to sell at a higher value, our altcoin will always miss it if we keep on holding.

In short dont be greedy.

If we see a growth to our coins that we hold and made profit be contented to it.

Dont aim for high return unless if you're certain that this particular coin can give you the profit you really want.

Yes, just don't be too greedy

Having enough return, even if it is not high enough or not even close to our expectation, it should be enough as long as we make a profit out of our investment. Having a profit is better than having nothing.

lienfaye

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Quote from: angrybirdy on August 13, 2020, 07:31:24 AM

Exactly, just provide a short period of time when holding an altcoin. Holding it for too long will not bring us anything but regrets. Instead of having the opportunity to sell at a higher value, our altcoin will always miss it if we keep on holding.

In short dont be greedy.

If we see a growth to our coins that we hold and made profit be contented to it.

Dont aim for high return unless if you're certain that this particular coin can give you the profit you really want.

angrybirdy

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Quote from: Genemind on August 13, 2020, 06:57:06 AM

Quote from: Stedsm on June 16, 2020, 02:45:26 PM

I remember of a friend who gave up his studies and went all-in on AMP coin (Synereo - if you remember the project). By saying all-in, I don't mean that he invested any money on it but all his time. He worked as a programmer for them and used to earn $300 worth of AMP each month. He did this for at least 3 years, the project did well and he almost became a double millionaire when the spike occurred in markets during 2017 when BTC was $14k and reached $20k. But he kept the coins as it is, didn't sell them when I even advised him to do so and later when the crash happened, the project itself came to an end putting all his work and savings under the grave. So, you need to know when to sell as that's too an important part of trading.

Crypto is a roller coaster ride. One day your investment is at the top and it can go down real fast in just a snap. Never ever HODL your coin for a long time, at one point you will have to sell and take your profit or you will be left out. I had kept some of my bounties and had lost my chance of selling them. Don't be driven by greed, and don't wait for the price to go up further.

Exactly, just provide a short period of time when holding an altcoin. Holding it for too long will not bring us anything but regrets. Instead of having the opportunity to sell at a higher value, our altcoin will always miss it if we keep on holding.

bbcolex

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I mean the whole thing of trading is to circulate the money afterall. Hoarding all these alts and just missing out on the opportunity of cashing them just for hoarding it is a loss. I believe if you think youve past the point of having a decent profit, you should sell the coins. Waiting for it too hard just for it to drop down is another kind of low.

Genemind

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Quote from: Stedsm on June 16, 2020, 02:45:26 PM

I remember of a friend who gave up his studies and went all-in on AMP coin (Synereo - if you remember the project). By saying all-in, I don't mean that he invested any money on it but all his time. He worked as a programmer for them and used to earn $300 worth of AMP each month. He did this for at least 3 years, the project did well and he almost became a double millionaire when the spike occurred in markets during 2017 when BTC was $14k and reached $20k. But he kept the coins as it is, didn't sell them when I even advised him to do so and later when the crash happened, the project itself came to an end putting all his work and savings under the grave. So, you need to know when to sell as that's too an important part of trading.

Crypto is a roller coaster ride. One day your investment is at the top and it can go down real fast in just a snap. Never ever HODL your coin for a long time, at one point you will have to sell and take your profit or you will be left out. I had kept some of my bounties and had lost my chance of selling them. Don't be driven by greed, and don't wait for the price to go up further.

hidden jutsu

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Quote from: chikator on August 13, 2020, 05:26:28 AM

Im actually the type to make sure ive made profit. Like if i see that ive reached a significant amount of profit im targetting, then i sell my coins. Its hard to count on things like what if the value gets higher but then again it gets lower and you missed your chance to profit. I say set a line of when to stop, dont cling on to your coins too much.

Does it really matter to have a setting point or the significant target amount when it comes to making a profit. As what you have said, it is hard when the value of it gets higher but then suddenly goes down, you already missed the chance of getting a profit. Or if by chance that the altcoin goes to the moon, you basically disregard your target amount to sell. That situation is what we most likely experience, so I don't really think that having a certain target makes any sense. What matters is the decision we made when that situation come in front of us.

Pamadar

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Quote from: TomArayaSlaya on August 01, 2020, 06:50:27 PM

I think the best thing is to stick to BTC and ETH they are really the safest coin around but they way i see it is very unlikely that bubble of 2017 occurs again I mean people have really wise up and learned their lesson

Agree, holding Bitcoin and Ethereum is a safer option compared to other cryptos. Bitcoin is the main crypto that has been traded the most and Ethereum is the most popular coin because it is used by many projects thus making the two coins the most traded and having the largest market cap value.

Looking for long term and if you wanted to maximize your profits, this two coins are good for holding. It's been test from time to time that this two coins really bring great benefits to those who bought and hold this project, just need to trust your investment and never to panic it's very important when you are inside this market, it will only let you lose your money if you go with the flow.

carriebee

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Quote from: chikator on August 13, 2020, 05:26:28 AM

Im actually the type to make sure ive made profit. Like if i see that ive reached a significant amount of profit im targetting, then i sell my coins. Its hard to count on things like what if the value gets higher but then again it gets lower and you missed your chance to profit. I say set a line of when to stop, dont cling on to your coins too much.

Lesson learned to me when bull run happens I expect too much that price could way up to high in an altcoin. That's true let's don't hold too much of altcoins just sell when you are earning profit already. The price is so volatile and we didn't know at what price it will head to.

DevilSlayer

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Many traders and investors fail in this part where they hold bag of altcoins without knowing now that the altcoins that they hold is actually shitcoins that doesn't have value anymore. We should learn from the mistakes of others, there are many people who regretted their decisions before and know hoping to correct it to regain the money that they lost.

Instead of focusing on holding bags of shitcoins, we should allocate most of time on enhancing our skills especially on improving our knowledge about the market. There are opportunities out there and we can see through our mind if we will invest in our knowledge.

chikator

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Im actually the type to make sure ive made profit. Like if i see that ive reached a significant amount of profit im targetting, then i sell my coins. Its hard to count on things like what if the value gets higher but then again it gets lower and you missed your chance to profit. I say set a line of when to stop, dont cling on to your coins too much.

Gunday_07

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Invest in DeFi projects that are popular right now, stop listening to those who are calling this uptrend bullish market a bubble, I believe this DeFi hype will last for more months or approximately a year atleast, within this time you can make better ROI

havoc928

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Quote from: Wingsbtc on August 13, 2020, 04:14:29 AM

Investing in top altcoins has lesser risks than most new altcoins, look what's happening presently, many new projects are now turning into DeFi just to take advantage of the HYPE, if I am holding any crypto project that isn't DeFi from scratch I will dump for another altcoin

You're right that investing in top and trustworthy altcoins has less risk than investing in new altcoins. However, investing in new altcoins has more potential to manyfold your capital than investing in those coins that already been trusted. That's just a common thing that is easy to understand, the more risks, the more profits. Besides, it's true that many projects are following the hype, though, be careful about the hype!

Phoenix_PROG

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Try as much as possible to understand risk management, invest only what you can lose, even if the project is doing so great at the moment do not invest too much money, no project future is guaranteed in crypto world, anything can happen, always play safe

dataispower

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Quote from: Wingsbtc on August 13, 2020, 04:14:29 AM

Investing in top altcoins has lesser risks than most new altcoins, look what's happening presently, many new projects are now turning into DeFi just to take advantage of the HYPE, if I am holding any crypto project that isn't DeFi from scratch I will dump for another altcoin

I noticed that altcoins in DEFI category are doing great presently and most altcoin projects are adding DEFI to their project aim. It's funny how a sport betting project switched to DEFI, just to take advantage of the hype. This is the more reason why most altcoins are good for flipping as mentioned by OP. Just ensure you hold altcoins in the current trend. I remember when it was exchange tokens, then deflationary etc.

themohit

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Quote from: Gorosden on August 13, 2020, 02:11:01 AM

The biggest mistakes many do most times is letting greed consume them, not getting satisfied with your tokens little returns is a bad idea, be contented and always take profits, buy back when value dumps and hold for little gains again, don't be too greedy

Greed is the biggest sin of any investor imo

It makes you lose your mind in the most important moment - decision making.
It seems like the most reliable way to understand crypto and any other investment is make a decision before you do anything - make a research, make a prediction based on it and then you invest with good understanding of the moment you wan't to sell your coins whether its 1%, 10% or 100% of profit (same applies to loss).

Wingsbtc

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Investing in top altcoins has lesser risks than most new altcoins, look what's happening presently, many new projects are now turning into DeFi just to take advantage of the HYPE, if I am holding any crypto project that isn't DeFi from scratch I will dump for another altcoin

Gorosden

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The biggest mistakes many do most times is letting greed consume them, not getting satisfied with your tokens little returns is a bad idea, be contented and always take profits, buy back when value dumps and hold for little gains again, don't be too greedy

Bitbtc8

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Sometimes we learn the hard way, I've decide to never hold any coin for more than three years and move to other promising new coins, I've come to understand that so many coins will do very well at the launched time because of their use case and hype surrounding them at that time and as time goes on they lose value and interest

Janus101

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I never let my altcoin bad holding more than 50% of my portfolio. Only Bitcoin and ETH or strong altcoin in top 10 holding more than 50% of my bad. When marking the uptrend of the downtrend, only top coin will survive and not the low tier altcoin that people holding it like they're married to it.

blue_hurricanger

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Altcoins after every Bitcoin pump have a very good chance to pumping along with it. This is like you said, don't marry any particulate coin and know when you need to make a switch. I usually hold Bitcoin and after the pump, will put my earning to alts, of course only a part of it, not all to lower the risk my calculation is wrong.

Topic: DONT MARRY YOUR ALTCOIN BAGS - page 4. (Read 2294 times)