Holding and taking profits - page 4.

kapalmabur

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Quote from: kaka manteng on July 17, 2021, 04:06:33 AM

Holding for long term could be more lucrative if one is holding a good coin. Going through statistics, holding of good project is much more lucrative than trading. The wise move is to take profit at intervals when there's a pump on any coin you're holding. This would prevent the issues of missing out from the increase in value.

If we have top coins like bitcoin and ethereum of course holding them in the long term will be profitable,
because both coins are long-term assets that arguably increase every year,
so I think there's no need to doubt it but what to note is that holding it in the long term is not easy

Rakeshten

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It depends on a token that you hold if it has a strategy to grow. Then It is good for Hodlers if there are many people trading with that token then it will be best for trading. So If you are Hodler you should Hodl some strong project's token and if you are a trader then you should invest in those project which are being trading most in market.

Mpamaegbu

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Once a man, twice a child!

Quote from: doctor877 on June 22, 2021, 04:19:39 AM

From analysis, it has been argued severally that hodlers are winner and earn more profits than traders, this depends on your expertise and where you fall into.

The real winners are those who take profit and then rebuy at a dip. Though selling and buying back could be a difficult strategy for those who don't understand TA and how the market behaves, it's the best way to go about it in this industry. Again, I don't subscribe to people hodling perpetually to a token without selling at a point. Doing that doesn't confer any value on a hoarded token. One gets to know the value of a token one is hodling because others are trading it and setting the price to achieve value. Bitcoin has value today because there is buying and selling going on with it. If everyone hodls and not sell at all, attention will die and be shifted to other tokens. So, I suggest that those who hodl should at some point take profit.

Expecto

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This is so true. When we HODL, there is no guarantee that we will make much more profit compared to daily traders and short-term investors. There are many variables in this. The time period, the coin which we invest into, the amount we invest into... This list goes like this.

kaka manteng

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Holding for long term could be more lucrative if one is holding a good coin. Going through statistics, holding of good project is much more lucrative than trading. The wise move is to take profit at intervals when there's a pump on any coin you're holding. This would prevent the issues of missing out from the increase in value.

Coroline

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All back to your funds, where your funds from and for what. Because cryptocurrencies are decentralized, it's up to everyone to decide. You can hold or trade. When you hold, make sure the funds you invest are cold funds, where these funds are independent of funds for daily needs or for entertainment. Avoid using funds from bank loans, as the crypto market is volatile. If you use these funds, of course the best thing is to hold and of course put them on coins that have a bright future, it can be bitcoin, ether or bnb.

LordMiguel

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ITSMYNE

My dear, i have to be skeptical on this Hold of a thing. what happened in 2018 was an eye opener for me. it is good to hold but you should know when to sell and wait for the deep to buy more. that is the beauty of trading. so tokens are not worth holding. there are some tokens that might take years to regain what they lost. some will even dissappear leaving you in a huge lost.

BayAngelo

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honestly, it is gradually getting to the point where the market drops down below one trillion dollars. it will look like a hype market. i was anticipating that the era of crypto is upon us and hopes to see the market normalize and settle but the current market movement looks scary. we might repeat what happened in 2018. i hope it never get to this level because investors will be scared.

bots1

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Quote from: doctor877 on June 22, 2021, 04:19:39 AM

From analysis, it has been argued severally that hodlers are winner and earn more profits than traders, this depends on your expertise and where you fall into. The current situation now means that anyone that bought lower and didn't take profit because of greed or another reason will soon be at loss or breakeven if things continue to go down. Now many people are lamenting because they didn't expect this at this time and didn't take profit because they thought the uptrend will last more for better profit. For people that has been here for long knows the cycle and this kind of situation is inevitable. For people that can be patient I think they can still get back to the former or expected profit but this is not guaranteed. In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

I agree with you that Hodler is a winner. Moreover, the bitcoin trend has attracted many people to invest. But for hodlers in the long run, they must also be really strong, patient, and more able to control their emotions.

The thing to do when holding coins is to have sufficient ability to be able to analyze and guess the price of digital currencies, it takes several strategies in bitcoin trading and in several other investment instruments.

xSkylarx

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Quote from: ?? on ??

Quote from: EYC_ONE on July 16, 2021, 02:03:27 PM

Quote from: doctor877 on June 22, 2021, 04:19:39 AM

What do you feel is best to do when holding a coin, please share your opinions!

You can hold it when the price goes below your target. Otherwise, if you want to trade with a specific target, hold it. Until you reach your target. Sell when the target is met.

well, when we hold a coin, then we need to have a target to sell it. however, the best thing when holding a coin is to be patient until the price reaches the target price. when the price has not reached the target, sometimes I try to collect more coins. it will make you have a lot of coins before the target price is reached.

Someone once told me that while you are holding your coin, I am earning more money than you by trading it. It means that while you are holding someone is using it to trade, they are doing whatever to generate more money, as opposed to holding it and waiting for the price to rise. Trading is risky, and you could lose all of your money, but if you know what you're doing, you can earn more. It's a businessman mindset, and it's similar to buying a car, whether you pay cash or by installment. Most of the time, they don't pay cash, even if they have cash on hand, because they'll use it as a capital to start a business and earn 5x the profit.

ReiMomo

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Quote from: radjie on July 16, 2021, 02:29:44 PM

Quote from: Wong Gendheng on July 16, 2021, 05:52:54 AM

Quote from: pragna on July 16, 2021, 02:10:37 AM

Quote from: doctor877 on June 22, 2021, 04:19:39 AM

In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

Actually hold is not always good for all tokens or coins. This market is too much imbalanced and investors has to be more careful when he going to hold a token for future. Maximum time we see team did not work according to their roadmap so that if you hold a token you may loser. In my opinion if i got lamsam amount of profit i will go for first time profit and than i can go for 2nd time investment if market goes well. Otherwise small profit is good than big amount.

Holding crypto in my opinion is more risky than traders, traders can cut losses at any time thus avoiding big losses but holders can lose all money, I once held some tokens that I thought were good but turned out to be lost in the market in 6 months so I lost all my money.

that's why you have to determine in advance the coin that you will hold for a long time, if the coin is potential enough then holding it for a long period of time will obviously be profitable. Within the six months you mentioned, of course, it cannot be categorized as holding for the long term, but holding coins for a predetermined time limit.

Yup, it depends on coins. I have gained profits holding potential coins and have lost holding coins that did not meet the market expectations. Just choose coins after a complete analysis and that too being in market for a long time with high trading volume.

And would like to share, I have gained a lot in holding than on day trading. I am on both. But would highly recommend holding than going for day trading.

radjie

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Quote from: Wong Gendheng on July 16, 2021, 05:52:54 AM

Quote from: pragna on July 16, 2021, 02:10:37 AM

Quote from: doctor877 on June 22, 2021, 04:19:39 AM

In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

Actually hold is not always good for all tokens or coins. This market is too much imbalanced and investors has to be more careful when he going to hold a token for future. Maximum time we see team did not work according to their roadmap so that if you hold a token you may loser. In my opinion if i got lamsam amount of profit i will go for first time profit and than i can go for 2nd time investment if market goes well. Otherwise small profit is good than big amount.

Holding crypto in my opinion is more risky than traders, traders can cut losses at any time thus avoiding big losses but holders can lose all money, I once held some tokens that I thought were good but turned out to be lost in the market in 6 months so I lost all my money.

that's why you have to determine in advance the coin that you will hold for a long time, if the coin is potential enough then holding it for a long period of time will obviously be profitable. Within the six months you mentioned, of course, it cannot be categorized as holding for the long term, but holding coins for a predetermined time limit.

EYC_ONE

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Quote from: doctor877 on June 22, 2021, 04:19:39 AM

What do you feel is best to do when holding a coin, please share your opinions!

You can hold it when the price goes below your target. Otherwise, if you want to trade with a specific target, hold it. Until you reach your target. Sell when the target is met.

bitcon

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There were a lot of calculations on this topic, and the result was always the same: holding is more profitable than trading. It is not only about the crypto market, but also about the stock market as well.

Personally I stick to the strategy of having better part of your assets in different fundamental currencies like bitcoin, Ethereum etc, but 5-10% if you have enough time you can of course use for trading, as it can give you fast income. But talking about a long period of time, without a doubt, it is more profitable to hodl.

Cvetik56

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I'm not so much of a trader so i'm just holding my crypto. I'm buying some every time i have money to spare and i see the dip. I'm not selling any BTC but i've withdrawed LTC sometimes when i really needed it too.

[email protected]

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Quote from: Wong Gendheng on July 16, 2021, 05:52:54 AM

Holding crypto in my opinion is more risky than traders, traders can cut losses at any time thus avoiding big losses but holders can lose all money, I once held some tokens that I thought were good but turned out to be lost in the market in 6 months so I lost all my money.

but trading without good market analysis skills and knowledge is also a big risk.
Holding and trading crypto assets are always risky. and the only one who can minimize the risk is ourselves.
we have to be able to improve our skills and know where we have the best skills. because sometimes some have better skills at holding long-term assets than trading. or conversely, some prefer trading rather than investing by holding assets for a long time.

Wong Gendheng

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Quote from: pragna on July 16, 2021, 02:10:37 AM

Quote from: doctor877 on June 22, 2021, 04:19:39 AM

In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

Actually hold is not always good for all tokens or coins. This market is too much imbalanced and investors has to be more careful when he going to hold a token for future. Maximum time we see team did not work according to their roadmap so that if you hold a token you may loser. In my opinion if i got lamsam amount of profit i will go for first time profit and than i can go for 2nd time investment if market goes well. Otherwise small profit is good than big amount.

Holding crypto in my opinion is more risky than traders, traders can cut losses at any time thus avoiding big losses but holders can lose all money, I once held some tokens that I thought were good but turned out to be lost in the market in 6 months so I lost all my money.

Mr.Scott

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Quote from: wajik-tempe on July 16, 2021, 02:31:54 AM

Quote from: pragna on July 16, 2021, 02:10:37 AM

Quote from: doctor877 on June 22, 2021, 04:19:39 AM

In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

Actually hold is not always good for all tokens or coins. This market is too much imbalanced and investors has to be more careful when he going to hold a token for future. Maximum time we see team did not work according to their roadmap so that if you hold a token you may loser. In my opinion if i got lamsam amount of profit i will go for first time profit and than i can go for 2nd time investment if market goes well. Otherwise small profit is good than big amount.

But predicting market condition is almost imposible in crypto market, because today we could see a market giving a sign of bullish but it could be a bull trap and also the oppsite. So i think the best way to invest in crypto is holding, trading is really risky if we just rely on the market chart and technical analysis, everything is could pump and dump in seconds but we will make a profit in a long run

Especially in this bear market there's no certainties, crypto market impossible to track it next step. Crytpo market is too much volatile to handle it, hold only can safe us. Market is down, and literally everything is cheap. Buy more but not shit coins, make crypto investment safely. There are some promising projects and you only make profits whether you coin worth to hold or not.

KaliLinux

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Quote from: [email protected] on July 15, 2021, 10:06:47 AM

Quote from: ansarose1 on July 15, 2021, 09:49:25 AM

Holders and traders have some differences and also have a similarities. I'd say they have difference since holders could've make us earn profits or lose, while in trading you are the one who sets your price on what you trade. Their similarities are that they may brought you profits and also they may brought you deficits.

So, which one would you like more? trade or hold coins?
we know everything is at risk. but everyone also knows how crypto assets around the world are the riskiest investment assets. but everyone likes it. because it can benefit from many things.

I myself changed my strategy following the market trend.
when in correction I will wait for the best price for me and buy some assets. long-term hold or short-term does not matter, it all depends on our analysis of each asset.
but when in bull momentum, I would prefer to trade following the market hype. it's a big risk but if we get the momentum that is always right, the profits will continue to flow for you.

I believe we are both alike except that I tried to do the trading daily thing and was losing funds so I decided to be Hodling for a much longer period. During the bull momentum, it will be much easier to follow the market even if you are not doing the everyday trading but just trying to understand the market chat then sell and buy during few fluctuations. In all, I believe I do well with HODLing my crypto assets for a period of than the daily trade moves.

wajik-tempe

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Quote from: pragna on July 16, 2021, 02:10:37 AM

Quote from: doctor877 on June 22, 2021, 04:19:39 AM

In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

Actually hold is not always good for all tokens or coins. This market is too much imbalanced and investors has to be more careful when he going to hold a token for future. Maximum time we see team did not work according to their roadmap so that if you hold a token you may loser. In my opinion if i got lamsam amount of profit i will go for first time profit and than i can go for 2nd time investment if market goes well. Otherwise small profit is good than big amount.

But predicting market condition is almost imposible in crypto market, because today we could see a market giving a sign of bullish but it could be a bull trap and also the oppsite. So i think the best way to invest in crypto is holding, trading is really risky if we just rely on the market chart and technical analysis, everything is could pump and dump in seconds but we will make a profit in a long run

Topic: Holding and taking profits - page 4. (Read 1569 times)