HODL or SELL during dip??? - page 6.

Poink

full member

Activity: 350

Merit: 122

Quote from: Ai7xpressTV on January 26, 2018, 11:37:02 AM

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.

In a blood bath, what you are selling is indeed at a loss BUT NOTE that what you are buying is also a BARGAIN (on sale).

They even out. Wink

So many here seem to be unaware of this fact.

Ai7xpressTV

sr. member

Activity: 430

Merit: 250

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.

Honglee

member

Activity: 156

Merit: 10

Start my crypto for better world

We will very soon see just how powerful the Bitcoin Price manipulation via CME Bitcoin contracts is.

https://www.youtube.com/watch?v=O6lMmw6ZdvY

Poink

full member

Activity: 350

Merit: 122

Quote from: traderethereum on January 26, 2018, 10:42:12 AM

Quote from: Poink on January 26, 2018, 09:57:28 AM

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!!!

1. I think if the coin is bad, why we should buy the coin? before we buy the coins, we need to research and analyze the coins.
2. maybe this could answer in number 1.
3. for doing this, I guess we need to read about the projects so we can predict how good this coin for a long-term
4. I won't do day trade unless I can have one or more coins to trade and I will suggest holding the coins if we already read and know the project.

maybe the other exceptions are because we could not patience for a long time so when we see the price drops 10%, we are getting panic and wants to move to other coins.

1. As responded earlier. A good coin last week may turn bad today.
2. see #1
3. see #1. also a new and better coin may be added anytime.
4. It is not for everyone but an option/possibility nevertheless.

Poink

full member

Activity: 350

Merit: 122

Quote from: Fileiro on January 26, 2018, 10:35:58 AM

I think people need to do very thorough research on any coin they invest in. This will ensure they have the confidence in the project to hold on during bear cycles.

But position size is everything.

Nobody panic sells a coin which make up 1-5% of their total portfolio. It's a different matter when the coin account for maybe 30-40% and it's dropping like a cannonball..

Coin changes...a good coin last week may become bad today.

For example, I made lots of money buying then dumping EMC2 and TRX Wink

peter.from.penn

member

Activity: 62

Merit: 11

If a project is solid, it's okay to HODL in my opinion. It's too hard to time the market correctly, and selling at the bottom is a good way to get rekt. But it takes patience. Could you do better selling at a loss and reinvesting elsewhere? Maybe. But it's risky.

traderethereum

hero member

Activity: 2870

Merit: 574

Vave.com - Crypto Casino

Quote from: Poink on January 26, 2018, 09:57:28 AM

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!!!

1. I think if the coin is bad, why we should buy the coin? before we buy the coins, we need to research and analyze the coins.
2. maybe this could answer in number 1.
3. for doing this, I guess we need to read about the projects so we can predict how good this coin for a long-term
4. I won't do day trade unless I can have one or more coins to trade and I will suggest holding the coins if we already read and know the project.

maybe the other exceptions are because we could not patience for a long time so when we see the price drops 10%, we are getting panic and wants to move to other coins.

Fileiro

member

Activity: 134

Merit: 10

quarkchain.io

I think people need to do very thorough research on any coin they invest in. This will ensure they have the confidence in the project to hold on during bear cycles.

But position size is everything.

Nobody panic sells a coin which make up 1-5% of their total portfolio. It's a different matter when the coin account for maybe 30-40% and it's dropping like a cannonball..

Poink

full member

Activity: 350

Merit: 122

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!!!

Topic: HODL or SELL during dip??? - page 6. (Read 787 times)