Topic: Good advice or bad advice? (Read 747 times)
Most of the people here bought altcoins not in the best moment and now are watching their shitcoin portfolios trying not to cry. Many of this tokens dropped down ten times or even more. So the question whether they should sell now or wait a couple of years longer is still very actual
I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
It is not totally bad to sell all of your coins in your wallet because it is still into your ownership and you are the only one to decide of what you must do to your coins. It will be regretful at some point of time but if you really in need of money and you do not have anything, the call for selling all of those just to sustain your need will be your last resort. But if you can still manage to hold your coins and find another source of income, why not? It is really regretful to sell your coins because we do not know when and what moment of time the price might go up unexpectedly. That is why I am just still into holding my coins and seek another source of income for a while just for me to sustain all my needs because I do really hope so that one day, the market price of the coins I keep for a long period of time will be worthy.
In crypto space you can't actually predict which coin will bring big gains in future, holding is risky and you might end up with nothing after several years, its better to have different type of good altcoins and stop putting your eggs in one basket
That's right, and I totally agree with what you say, because for the time being it would be better to have some good altcoin than just putting eggs in one basket, even though both of them are at risk.You should accumulate altcoin with great potential either as a long term asset but for your daily trading I will advice you to use stablecoin that's it not back with fiat currency instead of using USDT.
I agree with you and you shouldn't be buying or investing with your time to earn coins if you just plan to sell them. You wasting your time then. If you invest then you must invest and wait until the price is right.
Too many people get into the ind set that all tokens or coins besides bitcoin are trash and so the assume very little out of good coins and projects that have made it. Being use to dumping they would have no coins for the future.
I agree that you should also have a few extra coins from you investments that you can sell off as need be but never sell off the bulk of your investment.
It would be nice to invest your money in coins that would not only generate income, possibly even dividends, but also when it would be manly to sell part of the coins if financial difficulties arose. But to date, not a single coin in the cryptocurrency market meets such criteria, unless of course you take the USDT coin for example. But she doesn’t have any passive income, but they have a very good almost stable price. Too many people get into the ind set that all tokens or coins besides bitcoin are trash and so the assume very little out of good coins and projects that have made it. Being use to dumping they would have no coins for the future.
I agree that you should also have a few extra coins from you investments that you can sell off as need be but never sell off the bulk of your investment.
I agree with you and you shouldn't be buying or investing with your time to earn coins if you just plan to sell them. You wasting your time then. If you invest then you must invest and wait until the price is right.
Too many people get into the ind set that all tokens or coins besides bitcoin are trash and so the assume very little out of good coins and projects that have made it. Being use to dumping they would have no coins for the future.
I agree that you should also have a few extra coins from you investments that you can sell off as need be but never sell off the bulk of your investment.
Too many people get into the ind set that all tokens or coins besides bitcoin are trash and so the assume very little out of good coins and projects that have made it. Being use to dumping they would have no coins for the future.
I agree that you should also have a few extra coins from you investments that you can sell off as need be but never sell off the bulk of your investment.
In crypto space you can't actually predict which coin will bring big gains in future, holding is risky and you might end up with nothing after several years, its better to have different type of good altcoins and stop putting your eggs in one basket
That's right, and I totally agree with what you say, because for the time being it would be better to have some good altcoin than just putting eggs in one basket, even though both of them are at risk.
I will say its a good advice if you can leave some coins and forget , but do not forget your login details . who knows those worthless coins today may make you a millionaire in the nearest future. I raley sell all my coins , i must always leave a few in my wallet.
In crypto space you can't actually predict which coin will bring big gains in future, holding is risky and you might end up with nothing after several years, its better to have different type of good altcoins and stop putting your eggs in one basket
That's right, and I totally agree with what you say, because for the time being it would be better to have some good altcoin than just putting eggs in one basket, even though both of them are at risk.
In crypto space you can't actually predict which coin will bring big gains in future, holding is risky and you might end up with nothing after several years, its better to have different type of good altcoins and stop putting your eggs in one basket
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I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
Your presumption is not bad but the major problem there is having a high standard of knowledge to know the right coins or tokens to be kept for a long time because coins and tokens which are centralized (XRP, TRON, NEO, EOS, BSV, BCH etc) or don't have a reputable support won't generate a good result and if care is not taken it will lead to loses.
actually that's not a bad idea, put some tokens in your wallet for the future, who knows in the future the price of your coins can soar as high as the sky. But I personally prefer coins that clearly exist and develop like the top coins on the market.
I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
I agree with you. Now is not the best time to sell your crypto assets. Right now we are at the lowest point of the crypto market and the next growth will definitely give an opportunity to earn. As for me now, most of the crypto assets can be bought at a very interesting price. Personally, I try to keep all the crypto assets received as much as possible and I hope that in the near future my expectations will be rewarded.
It would take more than 5 to 10 years before you'll see the tokens you left that's worth 50$ to go up to thousands if its possible. Or its also possible that it will end up ZERO. You'll never know the project could SWAP their tokens to another platform and this happened already in some coins. When they swap and forget the old coins that were in the platform very different that what you have, what would the price of the coins you were holding for 5 years?
A good advice would be to stick to the top coins like BTC, ETH, BNB and LTC. You can't go wrong with these investments.
In equity trading, there is a well-known quote that 'every stock has a day', just wait for that day.
If I am not wrong you are referring to HODL. If you can keep your nerves under control you won't lose any money. Those who put there believe in BTC at the start and keep on accumulating are now whales. Every today I see the price of Bitcoin is very reasonable but most of us rather buying are uncertain about its future.
If I am not wrong you are referring to HODL. If you can keep your nerves under control you won't lose any money. Those who put there believe in BTC at the start and keep on accumulating are now whales. Every today I see the price of Bitcoin is very reasonable but most of us rather buying are uncertain about its future.
I wouldn't term it as a good or bad advice because of a simple reason - destiny! I strongly believe that destiny drives us all and if destiny says that I will die as a billionaire, I will become one! We as a commoner, don't know how and when a coin will reach its ATH and we wouldn't know when to sell it off to book profit!
You're very right about that — destiny. Destiny is what drives everyone, anyone that is meant to be rich will one day become rich no matter what. It's not everyone that is rich today that became rich through cryptocurrency. The world's richest men we know today, none of them had anything to do with cryptocurrency, rather they were into businesses that are completely different. So no matter what you're into, you will always arrive where you're meant to be. And that's the truth and nothing else.My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
Man you will never understand. Sometimes, people have no other option because that's their last card (money), and they need it badly for solving a problem that they are having at that moment. You can only be able to store money in your cryptocurrency wallet when you have enough to do so, and you know for sure that you can leave that money there without worrying about whether price is decreasing or increasing. If that's you, then you invest an amount and leave it there for years or till the next bull run happens. 
in the sense that at least we must have funds withheld without having to have a plan to sell them because at least these funds can be used for urgent purposes or long term investments that are indeed to be abandoned or forgotten, it is a good idea and at least we certainly have it on a wallet or an exchange used in the past
Hmm, honestly you are making more sense due to your examples. No one really knows the exact future of a particular coin, maybe today it was just a mediocre coin but eventually boom in the future who knows? However, today's scenario are very different way back pioneer days of crypto. Tokens nowadays don't get much support. It's pretty obvious actually, like for example hoarders usually dump their token holdings with no hesitation after being enlisted on exchanges. See? They're not supporting the coin in the long run, they're only up to its present worth. So how a certain coin stabilize if that is what always happening?
The bottom line is we can't easily assume that the future of tokens at present will have the same fate as eth, bch, xrp do. Though they got same or even better characteristics than those old coins, there is still a big gap between of them simply because old alts got higher reputation than the others.
The bottom line is we can't easily assume that the future of tokens at present will have the same fate as eth, bch, xrp do. Though they got same or even better characteristics than those old coins, there is still a big gap between of them simply because old alts got higher reputation than the others
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Hodl is not an easy thing and yes it is true that holding altcoins is a very good way to make huge profits in crypto but sometimes it can turn to loss too, some coins are good for short term hold and some for long term hold, you have to figure that out before deciding to hold for long
I wouldn't term it as a good or bad advice because of a simple reason - destiny! I strongly believe that destiny drives us all and if destiny says that I will die as a billionaire, I will become one! We as a commoner, don't know how and when a coin will reach its ATH and we wouldn't know when to sell it off to book profit!
I don't think it's purely destiny. Because you create your own destiny. If you work harder, you can die as a billionaire. It's not like you'll become a billionaire without efforts. Yes we don't knows what will happen to a coin for the coming days, months, and years. But if we think carefully and wise enough with our actions in selling coins, we can earn bigger profit than might even lead us to be a billionaire. If you know how it works, we just to be smart about our decisions with our coins for a better result
I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
This can be a good suggestion if the coins we hold are coins that have large transactions and are actively traded on the market. During this time, I chose to sell all the coins I have and will return to buy when prices look cheaper.
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