Dont sell off because of the period - page 2.

leea-1334

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Quote from: Mister.Satan on July 26, 2020, 12:25:56 PM

At least, we can reduce the amount of loss even with selling in this period if we holding good cryptos like BTC and ETH. It less likely to get low and have a good potential to come higher after all bad things blow over.

Yes, if for the time being it's better not to sell first because the price of Bitcoin and Ethereum is in good condition and always has a good increase, and I think people who don't have the chance to buy BTC and ETH when the price is still cheap will feel a little sorry to currently.

In fact, I am seeing today that most of the crypto market is in red (ETH included), so when Bitcoin is rising, alts do follow in the long term but it seems that in the short term of 24 hours when BTC is pumping, everything else is trying but failing to keep up.

I agree, not a time to sell everything just yet, but if anyone needs to book in some profits, now would be a good time for assessment.

TheClownSong

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Investing in altcoin needs careful consideration and understanding of the business field of the project we will invest in. If we already understand about the project and understand the whitepaper and the project has a solid team and is able to produce good products, I think the choice of investing for the long term is a good alternative but if in doubt, I think investing in Bitcoin is a rational choice

diskodasa

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Quote from: 10BTCaDay on July 27, 2020, 12:05:04 PM

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At this time we can sell something because alt coin or token now high price but ETH can going to high more i think because they launch ETH2.0 so investor invest in this coin ETH sell off is good for now and get hope something.

I don't believe ETH will be able to release 2.0 this year. no official announcements from the project team. Who said that Ethereum's growth has some reason?

There has not been any news regarding this matter but surely people will believe it because news 2.0 will appear in the future. This is why the price of ETH has surpassed $300 in recent days. However, if you have made a profit then you may decide to sell out as the market may soon have a major correction in the next few months. I no longer have any ETH and have sold it since yesterday because I think this price is good for my profit.

MCobian

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I am not a typical person who sells altcoins because see a Bitcoin pump, because if a Bitcoin pump usually altcoins also participate
in the pump too. So what for if we sell altcoins that we have for that reason. I will sell the altcoins that I hold because they do have
reached the sell target that I have set, if have not reached the sell target, of course I will not sell my altcoins.

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Quote from: lienfaye on July 27, 2020, 09:08:37 PM

Quote from: ife2020 on July 27, 2020, 03:50:36 PM

I always have a reservation when it involves selling off of tokens, assets; As a trader, or an investor, you definitely can sell off your assets any time, irrespective of the period it falls; i say this because in investment, what matters is that you are in good profit; not the period.

Well we know whats best with our investment. So as long as you're making profit regardless what your strategy is then thats what matter. Selling off your alts because you think its best to switch for other coins are not really a bad idea however make sure that you're prepared for the consequences of your decision.

That's so true. As an investor, we are the only one who can manage and control our investment. We are the only one who can know clearly how much profit the investment has earned. Therefore, we're the only one who can know the best and make a good decision based on the profit of the investment. Sometimes, we sell and buy based on the period, the hype or the trend, but there's sometimes we don't follow the waves also!

lienfaye

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Quote from: ife2020 on July 27, 2020, 03:50:36 PM

I always have a reservation when it involves selling off of tokens, assets; As a trader, or an investor, you definitely can sell off your assets any time, irrespective of the period it falls; i say this because in investment, what matters is that you are in good profit; not the period.

Well we know whats best with our investment. So as long as you're making profit regardless what your strategy is then thats what matter. Selling off your alts because you think its best to switch for other coins are not really a bad idea however make sure that you're prepared for the consequences of your decision.

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Quote from: riso2015 on July 27, 2020, 10:33:37 AM

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Yes, if for the time being it's better not to sell first because the price of Bitcoin and Ethereum is in good condition and always has a good increase, and I think people who don't have the chance to buy BTC and ETH when the price is still cheap will feel a little sorry to currently.

Indeed for BTC and ETH it is very good to hold now, but not for other coins. I see a lot of coins falling today because Bitcoin dominance continues to increase. This is where the Crypto market situation in the Bullish period, but only for top coins, like BTC, ETH etc.

BTC and ETH keeps rising, if we were able to buy this lockdown or when quarantine happens, we aalready earn a lot. I already sold most of my alts that time and only secure some BTC and XRP and Im glad I made to buy some and no plan of selling yet but keep monitoring it might also fall to much after this sudden rise.

Quote from: 10BTCaDay on July 27, 2020, 12:05:04 PM

I don't believe ETH will be able to release 2.0 this year. no official announcements from the project team. Who said that Ethereum's growth has some reason?

May it be because of BTC is rising too, and those who weren't able to buy BTC they acquired ETH. In my country also there are companies who keeps using ETH this Pandemic.

ife2020

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I always have a reservation when it involves selling off of tokens, assets; As a trader, or an investor, you definitely can sell off your assets any time, irrespective of the period it falls; i say this because in investment, what matters is that you are in good profit; not the period.

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At this time we can sell something because alt coin or token now high price but ETH can going to high more i think because they launch ETH2.0 so investor invest in this coin ETH sell off is good for now and get hope something.

I don't believe ETH will be able to release 2.0 this year. no official announcements from the project team. Who said that Ethereum's growth has some reason?

riso2015

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Yes, if for the time being it's better not to sell first because the price of Bitcoin and Ethereum is in good condition and always has a good increase, and I think people who don't have the chance to buy BTC and ETH when the price is still cheap will feel a little sorry to currently.

Indeed for BTC and ETH it is very good to hold now, but not for other coins. I see a lot of coins falling today because Bitcoin dominance continues to increase. This is where the Crypto market situation in the Bullish period, but only for top coins, like BTC, ETH etc.

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Well, some Alternate Cryptocurrencies also depends on the situation of what is currently happening within a period of time. I read some experiences that were not always profitable when HODLing. We know that we should not be carried by the wave that is happening when selling our Cryptocurrencies BUT we should consider the fact that the value of a Cryptocurrency can also depend on the platform where it is available for use. We should look for the platforms on which coins we are HODLing and in that way we can determine on when to sell them or HODL them.

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Quote from: Mister.Satan on July 26, 2020, 12:25:56 PM

At least, we can reduce the amount of loss even with selling in this period if we holding good cryptos like BTC and ETH. It less likely to get low and have a good potential to come higher after all bad things blow over.

Yes, if for the time being it's better not to sell first because the price of Bitcoin and Ethereum is in good condition and always has a good increase, and I think people who don't have the chance to buy BTC and ETH when the price is still cheap will feel a little sorry to currently.

why not sell? it's in good condition to make money from ethereum or bitcoin. every investment has a plan made from scratch. when it is profitable or planning has been achieved I think there is no reason not to sell. never be greedy, or regret what happened. The altcoin is a lot of red right now, why not try your luck right now.

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Quote from: Jannyh on July 26, 2020, 11:45:54 AM

I have really learnt so much, I learnt that if you are holding a good altcoin,you don't need to panic because of dip,most times people dump their good coins,but I think if you can hold it will rise back or better set a stoploss or set a buy order incase it goes lower than just dumping and wasting your time.

Buying on the dips is so useful because on the price rise like what has happened now give people an opportunity to make short term profits. Those who are long term investors can continue holding it and those who want short term results or profits at times such things help because you can make quick gains in short time. Though it does not happen always like this, but patience is the key.

that's right, altcoin is currently undergoing correction, if you cut lose at high prices, then my advice is to buy a good opportunity

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Quote from: husencoe on July 26, 2020, 10:06:40 AM

for now, we are investing more in coins that have clear prospects for long-term investments, such as BTC and ETH while low-quality coins are too risky to be used as long-term investments.

Yes, because it would be too dangerous if someone put their money in coins of low quality, because now is a very good moment to put money in Bitcoin and ETH who are experiencing pump prices in the market.

for now only but what about before or in the future when btc and eth didnt pumped out ? people will find ways to continue earning and will do it whether the risks is high or low .

i like what this title said to us , dont sell because of this period where all coins are pumping becaus the market will just collapse pretty easy if we sold out too early but can we just wait . stay cool and thow away your greed . thats the only way for the price to grow huge .

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Quote from: husencoe on July 26, 2020, 10:06:40 AM

for now, we are investing more in coins that have clear prospects for long-term investments, such as BTC and ETH while low-quality coins are too risky to be used as long-term investments.

Yes, because it would be too dangerous if someone put their money in coins of low quality, because now is a very good moment to put money in Bitcoin and ETH who are experiencing pump prices in the market.

Bitcoin and Ethereum are coins for holding, long term holding, but with some coins it's good to apply this "sell off" strategy, to sell them before they drop too hard. Basically all comes down to your faith in the coin you plan to hodl, if you don't have faith in that coin sell it as soon as possible, if you have faith keep it and add more if price drops. And don't let anyone tells you in what you should believe, that should be your own choice!

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Quote from: husencoe on July 26, 2020, 10:06:40 AM

for now, we are investing more in coins that have clear prospects for long-term investments, such as BTC and ETH while low-quality coins are too risky to be used as long-term investments.

Safe investment is always encouraged during this time and it is best to only buy coins in the top 10 CMC because it will help you reduce the risk to a low level. I always calm down whenever the market suddenly drops because if you panic during that time you will definitely lose money. The market will always have a big adjustment, so only half of the assets should be invested.

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Quote from: jahepahit on July 26, 2020, 01:07:09 PM

someone that has a huge goal for any altcoin investing will not sell off even at this time. it can be very tempting especially when you are at loss. those who sell off altcoins easily are daily trading traders or short term traders.

Absolutely correct, those who have invested huge amounts in coins wouldn't sell their coins easily. Always weak hands sell easily and that's why those with the highest investment always make huge profits.

irixo10

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I beg to differ because this holding of a thing goes a long way. Now about selling off at a particular period, I support it but it depends solely on the type of coin. There are altcoins one will hold and as time goes on, instead of growing it keeps dropping and when checking the team to see what they are up to, one will see a nonchalant team, in this case, selling is quite a better option. On the other hand, a coin like Bitcoin or Ethereum, someone do not need to shake nor panic, because they are trusted. So what I am trying to point out is, there are situation one will see with some altcoins and selling seems to be the best option. There are coins today which had a good pump but are nothing today, so when you see a coin no longer going as it should, selling I think is better.

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someone that has a huge goal for any altcoin investing will not sell off even at this time. it can be very tempting especially when you are at loss. those who sell off altcoins easily are daily trading traders or short term traders.

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Quote from: Dollar_Hunter on May 11, 2020, 09:17:09 AM

Quote from: Kez1817 on May 11, 2020, 08:07:18 AM

Selling altcoins to buy bitcoin is not the better way to gain more profit ,instead it will lead to lose. The best way is to invest both in bitcoin and altcoins if you can afford to avoid regrets if both those coins value will increase in the near future.Also investing always need patience.Making profits is not suddenly,it takes time.

you will regret if you sell Altcoin now and go to Bitcoin, the price of Bitcoin will indeed go up but not now,
maybe altcoin season is coming soon, if you sell altcoin now you can cry all day

Now bull run is starting BTC cross over the 10k$ and also ETH going to rocket high. But i have seen previous days a few very old cryptocurrency increased 5x-10x if those was seems trashy coins. Agreed, provably also alt coins will go pump anytime in this up trend market.

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