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Topic: Dont sell off because of the period - page 6. (Read 1001 times)

full member
Activity: 1050
Merit: 100
May 01, 2020, 02:50:15 AM
#48
I also think that it is always necessary to invest in bitcoin. Even if you invest a little bit every day, then in the long term you can get a good profit. There are even special services for auto buying coins every day.
This thing you said has been done for a long time by many people and by people who already know bitcoin first, so when I read your comment it looks like it's out of date, even though I respect every phrase from others.
member
Activity: 574
Merit: 18
Making Smart Money Work
May 01, 2020, 02:48:23 AM
#47
We all have our aims in crypto world but I don't see anything wrong in selling off, Bitcoin hit 9400$ a day ago and now struggling at 8000+, if you've sold at 9+ you can easily buy back at 8k, that's more satoshis for you, don't just hold, play smart
full member
Activity: 1750
Merit: 118
May 01, 2020, 02:38:51 AM
#46
If you had been holding for a long time and you have bought it cheaply, it would be worth selling. However, it is uncertain what could happen this coming halving. So, it is still a risk you will have to take, it is either selling your alt for BTC will be worth it or it would all go to waste.

But what if you believe that price can rise even more, would you sell it? Some people run for profit in fiat, to have more dollars, others try to have more crypto, decide your goals, and do accordingly, try to not regret you actions later! It all comes down to believing in something or not, I don't sell my crypto for fiat unless I have to, my goal is to have more crypto for the future, more than fiat, in my opinion in long term fiat is going down, losing value, while crypto will go higher, it will gain more value.

you got a good goal there.  fiats can go down too but cryptos can increase and there is no limit with that  . i was going to say earlier that cryptos will still depdend on the value of fiat  but i think twice and i remember that we can just use our cryptos directly without converting them into fiat  .

 the only problem is that cryptos value can also go down as much as how high it can achieve so we must be prepared with that and accept that situation if ever it happen .
hero member
Activity: 1694
Merit: 502
★Bitvest.io★ Play Plinko or Invest!
May 01, 2020, 02:33:59 AM
#45
If you had been holding for a long time and you have bought it cheaply, it would be worth selling. However, it is uncertain what could happen this coming halving. So, it is still a risk you will have to take, it is either selling your alt for BTC will be worth it or it would all go to waste.

But what if you believe that price can rise even more, would you sell it? Some people run for profit in fiat, to have more dollars, others try to have more crypto, decide your goals, and do accordingly, try to not regret you actions later! It all comes down to believing in something or not, I don't sell my crypto for fiat unless I have to, my goal is to have more crypto for the future, more than fiat, in my opinion in long term fiat is going down, losing value, while crypto will go higher, it will gain more value.
hero member
Activity: 2352
Merit: 594
May 01, 2020, 02:26:22 AM
#44
If you had been holding for a long time and you have bought it cheaply, it would be worth selling. However, it is uncertain what could happen this coming halving. So, it is still a risk you will have to take, it is either selling your alt for BTC will be worth it or it would all go to waste.
hero member
Activity: 2604
Merit: 816
🐺Spinarium.com🐺 - iGaming casino
May 01, 2020, 02:21:07 AM
#43
sell or hold is some strategy of people self, and i think if altcoin is not too good to sell for now.
BTC rising up and also altcoin will going down first and than will start growup.
but some altcoin is bad for hold, if i have some coin with bad volume i will sell now.

There will be a time for the altcoin to be sell, and I think after bitcoin can be stable first, then that will be the time for the altcoin to grow, and the price of the altcoin will also increase. But we already see some of the altcoins can increase with the increasing of bitcoin price, so maybe there will be another time for the other altcoin to grow.
full member
Activity: 402
Merit: 101
April 30, 2020, 06:14:42 PM
#42
sell or hold is some strategy of people self, and i think if altcoin is not too good to sell for now.
BTC rising up and also altcoin will going down first and than will start growup.
but some altcoin is bad for hold, if i have some coin with bad volume i will sell now.
sr. member
Activity: 1876
Merit: 259
April 30, 2020, 05:58:16 PM
#41
if it's worth selling, don't be too greedy to get more, sometimes greed brings destruction. remember the crypto market can turn around at any time and we don't know when it will happen, so we must have the preparation to face the worst.
member
Activity: 645
Merit: 10
April 30, 2020, 05:46:41 PM
#40
I also think that it is always necessary to invest in bitcoin. Even if you invest a little bit every day, then in the long term you can get a good profit. There are even special services for auto buying coins every day.
member
Activity: 154
Merit: 10
April 30, 2020, 05:16:09 PM
#39
My opinion, this is a market whether you hold or not. All altcoins has price limit. whenever they got to a certain price, they tend to fail back with is different from bitcoin. we all are in the business to make gains. when the opportunity raises to sell and make profits, sell and make gains. the market will always pump and dump and that is what the cryptocurrency has been experiencing since inception.
sr. member
Activity: 644
Merit: 250
https://primedao.eth.link/#/
April 30, 2020, 04:29:26 PM
#38
How is selling off altcoins to buy Bitcoin a bad idea? All altcoins still rely on Bitcoin entirely, if Bitcoin don't surge altcoins aren't going no where, it's not entirely a bad choice selling altcoins for Bitcoin, but it's true that altcoins have better profits than Bitcoin
Obviously, altcoins are always more profitable than bitcoin because the altcoin's marketcap is much lower and the price can increase many times. But investing in altcoins is too risky and risky, you can lose and lose all assets if encountering altcoin scam.
full member
Activity: 896
Merit: 115
April 30, 2020, 04:21:43 PM
#37
Eventually that's what people will do because everyone wants to enjoy the Bitcoin moves. An exception is if there is a separate fund for emmergency Investment in times of dip and moon then I will be easy to hold your altcoins.
sr. member
Activity: 966
Merit: 254
April 30, 2020, 04:16:23 PM
#36
You have to think about the possible losses, you sell and then the price will only go up and you won´t be able to buy for same / lower price than you buy for a higher price and your number of coins get reduced, does it worth? I don´t think so.  Wink
sr. member
Activity: 2240
Merit: 270
SOL.BIOKRIPT.COM
April 30, 2020, 03:52:58 PM
#35
Last year sell-off for altcoins was accurate, it is the reaction of the bear market and may never see such period in the next season. The pandemic turn the bull market to a bear market but if the space can recover by the next halving, though the price may have the post halving dump the whole market never be that bad again. If the IEOs get successful and make profit to investors in short and long term, the sentiment may get back and ICO will be replaced by IEOs then fresh and big money will come in.
newbie
Activity: 29
Merit: 0
April 30, 2020, 03:43:50 PM
#34
For those that bought some coins few months back should be thinking of taking profit. Some coins have seen significant increase recently. It is always good to set target of taking profit.
I would definitely recommend to take profit at least for some of the alts if their volatile. But I myself will hold on the most stable ones like eth or ltc
jr. member
Activity: 1162
Merit: 1
Base.protocol
April 30, 2020, 03:01:41 PM
#33
For those that bought some coins few months back should be thinking of taking profit. Some coins have seen significant increase recently. It is always good to set target of taking profit.
member
Activity: 1120
Merit: 68
April 30, 2020, 02:00:06 PM
#32
Everybody has his/her own targets for holding any coin or investing in it. Someone can decide to sell his holdings once his profits target has been met others will also decide to hold a bit more once they see how the development of the project is advancing. However, the best of plans is always to sell some and hold the rest so that if things go sideways at any point in time the risk will not be massive.
Absolutely. Once a person decided to invest a coin, he will definitely hold and wait as long he sees a development and potential to the coin. However, expecting too much to the altcoin that you are investing can also turn into a disappointment because not all altcoins can be expensive, that is why there are some investors who sells their altcoins into bitcoins.
sr. member
Activity: 1246
Merit: 260
1A6nybMUHYKS6E6Z3eJFm4KpVDdev8BAJL
April 30, 2020, 01:09:23 PM
#31
Everybody has his/her own targets for holding any coin or investing in it. Someone can decide to sell his holdings once his profits target has been met others will also decide to hold a bit more once they see how the development of the project is advancing. However, the best of plans is always to sell some and hold the rest so that if things go sideways at any point in time the risk will not be massive.
sr. member
Activity: 939
Merit: 256
April 30, 2020, 11:57:24 AM
#30
Investing in altcoins can bring huge profits but the possibility of losses is also very high, a wise investor always knows to stop in time.
There are a lot of potential altcoin coins that have become a dump, I think if we are not sure about an altcoin project, it is best to sell it as soon as possible.
Yes, it’s hard to say what will happen to our altcoins in the future and what their price will be. I continue to hold them, if only because the current very low price does not suit me. I still believe that the time will come for them. Do not rush. The situation may change at any time.
Surely when we decide to invest in a currency we always believe in it. However, not all altcoins are as profitable as we would like, so I think we should abandon bad currencies and focus on better ones.
In the past I used to hold a lot of altcoins but most of them became a dump, so for the moment I only focus on the big altcoins in the market.
full member
Activity: 1498
Merit: 146
April 30, 2020, 02:48:37 AM
#29
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.

I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.
Sometimes it is okay to sell your coin which you have to holding too long just to invest on bitcoin because most of the crypto investors invest on altcoins since they cannot afford to buy bitcoin because it is so expensive so if there is a time when their altcoin is too high and bitcoin looks starts rising can be a good reason for them to sell it.
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