Topic: Good advice or bad advice? - page 6. (Read 723 times)
I must say that its a good idea to leave few coins when you need to sell them becuase we don't know what will happen in the future. Crypto market history may repeat but it might take some years considering the market movement these days. Everyone is waiting for another bullish market and if you want to maximize your profit, just hold and buy more during dips.
It's neither good or bad. Don't expect too much with how market is doing now. That was back then, a die hard hodlers might have tons of profit if they bought few cheap altcoins and then the price became ten fold or more. But really, let's face it. It won't happen just like that, indeed, there is a possibiltiy if you buy now and hodl for a few years just like what happened few years ago. But it doesn't guarantee you the same result.
Well, at least it won't kill you if you still wanna hodl some coins for the next few years. Who knows if it becomes quite expensive, that if fortune was on your side.
Well, at least it won't kill you if you still wanna hodl some coins for the next few years. Who knows if it becomes quite expensive, that if fortune was on your side.
Looks like you have not been able to forget the past, remember this friend, history will never be repeated.
But we must still be sure that everyone has different luck.
But we must still be sure that everyone has different luck.
Comparing the old market with the present, it was not that complicated. More and more people are aware of the crypto market today and this increase has caused a different movement of everything related. So, do not expect that there will be such a big increase in the future as it happened in the past. Because the increase of community means more disagreement.
It is easy to say than done when you are desperately in need of money. When that happens you will not care about saving because you need it desperately, it might be good advice but the situation will not let you do that. What I mean is, before investing your money and holding it. Always prepare or spare some money for your needs, instead of selling the majority of your holding and leaving a few altcoins why do not you manage your finances and then making a strategy so you can hold and live at the same time.
Yes it is true, sometimes what is said is far easier than doing. Sometimes we are too ambitious to benefit from altcoin and sometimes we don't think about our financial situation. It is true that we have to set aside some of our money to be able to continue to survive in crryptocurrency and be able to generate profits from it.
You made all these calculations based on past history.
It's easy to say that if I would have invested in coin A at this time and exchanged it for another B at another time when you already know whats going to happen.
Anyway, the real challenge is no one actually knows where the market will be heading in the future and holding alts even at a time of downward trend will definitely result in huge losses.
So, it is better to have a personal target and once you hit it, it's wiser to just cash out.
It's easy to say that if I would have invested in coin A at this time and exchanged it for another B at another time when you already know whats going to happen.
Anyway, the real challenge is no one actually knows where the market will be heading in the future and holding alts even at a time of downward trend will definitely result in huge losses.
So, it is better to have a personal target and once you hit it, it's wiser to just cash out.
It is easy to say than done when you are desperately in need of money. When that happens you will not care about saving because you need it desperately, it might be good advice but the situation will not let you do that. What I mean is, before investing your money and holding it. Always prepare or spare some money for your needs, instead of selling the majority of your holding and leaving a few altcoins why do not you manage your finances and then making a strategy so you can hold and live at the same time.
Holding altcoin in the past is profitable, whatever you buy is definitely profitable, but it's different for now. Try to research altcoin now. It's a little harder to predict, for example, now to buy this coin for $ 0.15, then wait for the next few months what happens as unprofitable as the market used to be keep fluctuating and and bears still come to come.
It's a good advice mate and i have been doing this ever since i got into this space. My plan is to sell a portion of any token/coin i receive being it an ICO/IEO then keep some part of it. It's not advisable to hold all the coins of any project because most of them can turn out to be scams at any point in time.
Stop clinging unto the past, focus more on the present for now and i am sure that there is more money to be made in crypto space, just find good coins to hold as long as you want, remember that its not easy to hold coins and remember that not all people start holding since 2010, some entered crypto space when the last bullrun of 2017 was already around the corner
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!
Similarly, while many people sold off their holdings back in later 2017 and brought home hard cold cash, there were another group of people who entered the market and suffered major financial loss due to their decision!
So it's not a clever thing to look back at past and regret for what I haven't done! It's always better to look forward and decide what I can achieve! Crypto market is one of the prime examples!
Similarly, while many people sold off their holdings back in later 2017 and brought home hard cold cash, there were another group of people who entered the market and suffered major financial loss due to their decision!
So it's not a clever thing to look back at past and regret for what I haven't done! It's always better to look forward and decide what I can achieve! Crypto market is one of the prime examples!
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
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