Topic: HODL or SELL during dip??? - page 4. (Read 787 times)
Not to sell - buy more to reduce average price of bought earlier altcoins, when price will go up - get more profit
When I entered the cryptocurrency market, I determined from the start that I was a Holder, my job was to pick a few potential coins, buy a low price and forget about them. Of course, I also have to read and study a lot of the crypto that I invest in, and invest in value so I do not care about price fluctuations in the market. However, after a recent crash just before Christmas, I have a question: "If you are a long-term investor, stop loss before the crash is necessary?"
There are two types of holders, those that do not make any adjustments to their strategies and those that do, if you want to take advantage of some obvious opportunities that is fine, just remember to not do that too often, I'm sure we are going to get heavy regulation in the future and any adjustment like the ones you are proposing will mean you will need to pay taxes on your earnings. This is a regular question I see and 99.9% of the answer I see is HODL.
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
There are several variants of answers to your advices
1.Depends on where the coin was bought at the bottom or at the top.
2.quality of the coin
3.I agree with you that sometimes you need to keep coins for 2-3 months to get out in profit
4.If you working daily trading you must first learn the coin before buying and don`t afraid a minimal drawdown.
5.It`s a fresh head and cold mind(means without emotion)
If you're a long term investor sell it when the price is right and if dips then stay or hold it. Whatever the price will be i will focus on the increase of price of the coin.
We always tend to focus on the increase of the price for us to gained profit. If holding for a long term we have to make sure that a certain coin is worth it and will grow in the market. Holding is good once you ensure that the project will develop and buy when you catch its dips of price.
I say buy during the dip, and sell when it hits new all time highs
Usually I start buying more when price goes down if I have possibility to do so. And than deeper the price goes, more I am trying to buy. If project is good analysed and I am confident about it for sure.
That is applicable if the coin will give you better value ( more than ico price is considered as good price) in the future if the period of dip is uncertain when to stop but if the contrary happens i suggest you do reinvesting on other coin which has a better potential just like what OP said.
If you're a long term investor sell it when the price is right and if dips then stay or hold it. Whatever the price will be i will focus on the increase of price of the coin.
It is always good to hold your coins while there is a bloodbath out there. It is the wrong time to sell right now, even if you wanna leave the some coins or projects you should wait for a exit spike. I never sell any coins with a loss, I always sit it out.
Sitting can be very long. During this time, there is an opportunity to come out at a loss and for this money to make a lot more losses on a good coin
You can just either create a stop loss mechanism depending on your risk appetite. if you think 1-5% is okay then just hodl, greater than 5% then get out before it slips further. I am just new into trading and i hope i am correct. hope we all make more this year!
Of course, stop-loss is the first thing you need to learn how to set. My mistake - ignored. The result - often did not have time and losses were.
Usually I start buying more when price goes down if I have possibility to do so. And than deeper the price goes, more I am trying to buy. If project is good analysed and I am confident about it for sure.
Sell? buy? One in a thousand has an intuition and guesses the way. And the rest needs to sit down for textbooks and know how much you are willing to lose. Of course, strive for profit and learn.
I think HODL is valid for BTC and major altcoins. With minor altcoins I think SELL during dip is better. This kind of coins usually (not always) get a bigger dip than major ones or BTC. The problem I think is during recovery because while the dips are stronger for such altcoins, the recovery, if it happens, can be faster or slower than for the major ones. For this coins I think it's like betting.
One of the limitations of technical analysis is that the lower the market cap the more difficult it is to predict the movements of an asset since anything can make it move like crazy, so you can apply what you learned about trading in coins like bitcoin and ETH, but for coins with low market caps trading based on rumors and the news is way more effective. Its really not a good idea to sell during dip i prefer to hold my potential coins and waiting and hoping it will boom in the future. I am always active as a community support in every coin that i have which is good for long term so that I can easily monitor any new updates from the team. I can proudly say that I am good holder and selling is my next thing during pump and buy more during dip.
You do not want to be a prey to whales, I'm sure you are very worried and I am too, but be calm because if you sell this then you are taking away your possessions and share it with others. The market will soon recover you do not worry too much. 
This is a regular question I see and 99.9% of the answer I see is HODL.
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
Maybe we have to make decision on what coins we are holding.If you are holding the bitcoin then definitely we have to hold them because it has greater ability to bump in the future also.I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
But if other coins I will agree with the point 2.sell the coins and invest on other cheap coin with good potential.
Its really not a good idea to sell during dip i prefer to hold my potential coins and waiting and hoping it will boom in the future. I am always active as a community support in every coin that i have which is good for long term so that I can easily monitor any new updates from the team. I can proudly say that I am good holder and selling is my next thing during pump and buy more during dip.
This is a regular question I see and 99.9% of the answer I see is HODL.
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
Yes there are few exceptions to consider when holding the coins in times of correction. It depends of what you hold, Its not always the best solution if you are holding a coin that is likely to be a dead coin or delisted in major exchanges in the future. Ask yourself if its really worth it to hodl or it would be better to just cut your losses and invest to another.I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
I traded last night before going to sleep, it sucks that my projection didn't pan out when i wake up. Now I'm thinking if I will just hodl or get out and buy another hoping for a good rise by tomorrow. what do you think guys?
You can just either create a stop loss mechanism depending on your risk appetite. if you think 1-5% is okay then just hodl, greater than 5% then get out before it slips further. I am just new into trading and i hope i am correct. hope we all make more this year!
This is a regular question I see and 99.9% of the answer I see is HODL.
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
Yes there are few exceptions to consider when holding the coins in times of correction. It depends of what you hold, Its not always the best solution if you are holding a coin that is likely to be a dead coin or delisted in major exchanges in the future. Ask yourself if its really worth it to hodl or it would be better to just cut your losses and invest to another. I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
This is a regular question I see and 99.9% of the answer I see is HODL.
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
This is the most case by which many didn't know how to respond because of their own personal emotions.I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
1. I rather sell a coin if its not good for long term so it should be classified before to pick that coin or have plan to exit.
2. I go to other coins as well than taking that risk to make my money loss.
3. That depends on a coin what is currently at hodl.
4. It depends in case scenarios.
This is a regular question I see and 99.9% of the answer I see is HODL.
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
I agree generally but there are exceptions. Here are a few and I hope others add what I missed.
1. Coin is really bad you have to abandon it ASAP (see #2 also)
2. There are better coins and you plan to re-invest (sell then buy another).
3. If you foresee further dip (alt vs BTC or USD)
4. If you flip and day trade (risky)
Hope this helps. Good luck!!!
If you're coins is lack of support and coordination from the management team or from the facilitators like creating projects and activities to counter the dumping that is happening then its about time to say goodbye, leave your coin and dump it too but if the team is making so much efforts in order to the coin to become more stable and strong to counter the dumping then it is better to hold and purchase more coins at the cheaper price to show them your appreciation for their hard works.
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