Topic: How do you make your HODL or dump decisions? - page 5. (Read 1898 times)
After learning the hard way since 2017 I've now decided to always buy crypto coins when BTC halving is a year away, this was what I did in early 2020 and it favours me so much, the best time to buy and hold is bear market and when BTC halving is miles away
For me I take my holding decision base on the kind of token and what they are into, and sometimes I use market analysis to judge if am to hold or sell it's all depend on the market situation of the token at that time, for I am not a long time trader.
I will follow the road map. if I hold alcoin then I will follow its development either in the telegram group or continue to visit their web and fanpage so that I know the progress. The purpose of being guided by an Altcoin roadmap is to know when the price is improving and when the price will stabilize. In this roadmap we will know all about a digital currency. and of course we will hold if it has the potential to continue to improve and will release as soon as possible if the Altcoin is a memecoin
I honestly don't think the project can last much longer, and of course the devs will always say that to reassure investors, but from what I see you should sell it and move on to a better project.
If you see things like that always best to sell it right away and move forward to find another good assets that will bring you decent amount of
profits, many failed cause greed let them think that the market for the project will continue to increase but they'll see that instead of having good amount
they've lost the opportunities, regret is the next thing in them as money flow away instead of banking it.
I will ask you what was the driven fact when you get this coin, what triggered you to? If upon the purchase you purpose for long term business then don't be swayed with whatsoever might be happening with the coin presently.
It's hard to make a HOLD or dump decision. if you are not sure about the prospects for the SUBX token, you better sell it now if it is still profitable for you. you have to be realistic and do your own research and don't be swayed by the sweet promises they offer if in reality it doesn't turn out as expected. you need to know that tokens that do not have strong fundamentals are difficult to survive and their prices continue to decline.
To HOLD and to SELL, that actually depends on the potentiality of the token/coin. And we should not hesitate to sell if we are doubted on the project, better to secure our funds rather than to regret later.
I've been holding this token called 'SUBX' for a while now, maybe a month. Quite a big bag of it. I'm not sure if I should continue holding or let go and take what i have.
I believe in the project, but it hasn't been doing well in terms of price.
Utility wise, they already have 4 apps released and doing work with universities so I am confident it won't be a rug pull.
Reflections are delicious and community is nice.
But whales that bought during presale got impatient and left, and with the market bleeding past few weeks the price is slowly declining. Team says they are looking long-term with real utility (which they do deliver) but that doesn't directly relate to price does it?
Some words of advice would be really good. Thanks.
I believe in the project, but it hasn't been doing well in terms of price.
Utility wise, they already have 4 apps released and doing work with universities so I am confident it won't be a rug pull.
Reflections are delicious and community is nice.
But whales that bought during presale got impatient and left, and with the market bleeding past few weeks the price is slowly declining. Team says they are looking long-term with real utility (which they do deliver) but that doesn't directly relate to price does it?
Some words of advice would be really good. Thanks.
It's hard to make a HOLD or dump decision. if you are not sure about the prospects for the SUBX token, you better sell it now if it is still profitable for you. you have to be realistic and do your own research and don't be swayed by the sweet promises they offer if in reality it doesn't turn out as expected. you need to know that tokens that do not have strong fundamentals are difficult to survive and their prices continue to decline.
I HODL before the next all time high for Bitcoin.
The first rule of investing in new coin without any antecedent is to never get emotional with such coin. You said and I quote ' reflections are delicious and community is nice' This phrase is a sign of emotional attachment, if a coin is performing below your expectations, the next thing is to cut your losses if you are in one otherwise sell and revise your projection!
You are right, I made such mistakes several times that I just enjoyed being in that community, so I trusted this project. People there said that this project must go to the moon, but then it was hacked.
Also emotions are dangerous when you see how tokens increase and you think that you will not have time to earn, so you buy on highs and then losses. It is a greediness of people and if you want to earn you should get rid of such emotions.
You need to look at the people who lead the project. If they are scammers and bad people then they will take your money. If they have good vision and are good people and think about people first before themselves then you have great leaders who you can trust on.
It is to risky to invest in dump coins only invest in coins that you think are going to be valuable long term and hold them do not invest in meme coins or any other stupid coins that have not been created to better the current cryptocurrencies out there.
dumped coins not always be good opoortunity to hold, we must understand the reason behind this drop . Is it caused by market condition or truely investors start leaving and selling their assets. When we could idenity this condition , i am believe we will not trapped in shit project.
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Also, one way is to check the activity of the dev team themselves. If they have very little to no more updates, start thinking discarding that token. Because give it a little time and the team will abandon the project. You need to see progress on their platform to keep you holding the token, if not, better sell it and move on. Don't wait for miracle to happen because that's not gonna happen for teams who are after for their pocket.
when there are no significant developments, important agendas are always postponed without a definite time, the dev team starts to shut up and fight people who ask about the sustainability of the project. sometimes a project that looks very potential and professional can end up being a scam, either because of a fraudulent team or because the market is not conducive, so only use free money for this type of investment, because the risk is great. That's why I never invest in new projects, only participate in the bounty, which has a smaller risk and I can handle. Also, one way is to check the activity of the dev team themselves. If they have very little to no more updates, start thinking discarding that token. Because give it a little time and the team will abandon the project. You need to see progress on their platform to keep you holding the token, if not, better sell it and move on. Don't wait for miracle to happen because that's not gonna happen for teams who are after for their pocket.
Emotional attachment is good to because if there are many people who feel the same way with the coin they will pump and dump it for its lifespan which could mean its a good idea to have a little emotional attachment.
Not really. It's not good most of the time and actually I don't usually attach my emotion for every decision that I make. If I include it then most of the time, I'll just go with the flow and would feel that I have to dump even if I'm at loss because of the market doesn't look good.That's why it's not that really good when you're into investments and mostly if you trade.
The first rule of investing in new coin without any antecedent is to never get emotional with such coin. You said and I quote ' reflections are delicious and community is nice' This phrase is a sign of emotional attachment, if a coin is performing below your expectations, the next thing is to cut your losses if you are in one otherwise sell and revise your projection!
Emotional attachment is good to because if there are many people who feel the same way with the coin they will pump and dump it for its lifespan which could mean its a good idea to have a little emotional attachment. Also, one way is to check the activity of the dev team themselves. If they have very little to no more updates, start thinking discarding that token. Because give it a little time and the team will abandon the project. You need to see progress on their platform to keep you holding the token, if not, better sell it and move on. Don't wait for miracle to happen because that's not gonna happen for teams who are after for their pocket.
The first rule of investing in new coin without any antecedent is to never get emotional with such coin. You said and I quote ' reflections are delicious and community is nice' This phrase is a sign of emotional attachment, if a coin is performing below your expectations, the next thing is to cut your losses if you are in one otherwise sell and revise your projection!
Emotional attachment is good to because if there are many people who feel the same way with the coin they will pump and dump it for its lifespan which could mean its a good idea to have a little emotional attachment. 
It is to risky to invest in dump coins only invest in coins that you think are going to be valuable long term and hold them do not invest in meme coins or any other stupid coins that have not been created to better the current cryptocurrencies out there.
That's a question about strategy and principles. Some people aren't even interested in the long term prospects and value of a coin and that can also be a viable strategy. If you know that a coin has a certain short term potential but you don't see it to come to full fruition long term, why not play the edge you think you could perhaps have over others. Yes that strat involves more risk, but that's fine if the bearer is fine with it. When you look at a project you can also make your decision from a behavioral economics/psychological perspective. If you anticipate people to go crazy about the early stage, go for it if you like and dump as soon as you think the moment has come for others to also slowly realize it might rather not play out long term.
The first rule of investing in new coin without any antecedent is to never get emotional with such coin. You said and I quote ' reflections are delicious and community is nice' This phrase is a sign of emotional attachment, if a coin is performing below your expectations, the next thing is to cut your losses if you are in one otherwise sell and revise your projection!
Emotional attachment is good to because if there are many people who feel the same way with the coin they will pump and dump it for its lifespan which could mean its a good idea to have a little emotional attachment. 
The first rule of investing in new coin without any antecedent is to never get emotional with such coin. You said and I quote ' reflections are delicious and community is nice' This phrase is a sign of emotional attachment, if a coin is performing below your expectations, the next thing is to cut your losses if you are in one otherwise sell and revise your projection!
It is to risky to invest in dump coins only invest in coins that you think are going to be valuable long term and hold them do not invest in meme coins or any other stupid coins that have not been created to better the current cryptocurrencies out there.
This isn't hard for me anymore because I'm able to control my greed, the reason why many lose is they failed to take profits and they are forced to hold unintentionally when losses occur, the thing is learn to take profits and always buy back when there is huge dump in the market, to find out which coin it token is worth holding is left for you.
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