How do you make your HODL or dump decisions? - page 7.

Xampeuu

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Quote from: Fatunad on June 28, 2021, 05:24:41 PM

Quote from: Dread Pirate Roberts on June 28, 2021, 05:13:52 PM

Quote from: virasisog on June 28, 2021, 03:09:00 AM

I've learned my lesson in the past. Sometimes holding your bag for too long results to losses. I've tried to hold cpins when they were up 10x and didn't sell and regreted my decision. At some point you will have to sell and realize profit or it is pointless. Take note you can always buy the dip. Profit is profit.

we've had similiar experience about this, holding without a plan when to sell it not really good idea, just being logic no way market will always continue up and never had price correction. btw 10x is very big in my opinion. if that was me if i saw 2x already might be already sell it.

Profit percentage target would really be varrying on personal choice and goal in mind and since we do have different goals in life then these numbers cant really be determined whether 10x or 100x because we do hold off different coins which means chances or situations on gains will be entirely different.
This is where experience do really counts because you are already aware of the market behavior which would be one of the indicators on making out decisions into your investment. Of course you would really be needing self awareness and make out decision basing on what you had encountered in the past.

Everyone has made mistakes in making decisions. and I think that is common in cryptocurrency trading. but if we can manage psychology, I think we will be ready to face the possibilities that will happen in the future and not regret when bad things happen. that way it will enrich our experience, between sell or hold at a certain time

Fatunad

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Quote from: Dread Pirate Roberts on June 28, 2021, 05:13:52 PM

Quote from: virasisog on June 28, 2021, 03:09:00 AM

I've learned my lesson in the past. Sometimes holding your bag for too long results to losses. I've tried to hold cpins when they were up 10x and didn't sell and regreted my decision. At some point you will have to sell and realize profit or it is pointless. Take note you can always buy the dip. Profit is profit.

we've had similiar experience about this, holding without a plan when to sell it not really good idea, just being logic no way market will always continue up and never had price correction. btw 10x is very big in my opinion. if that was me if i saw 2x already might be already sell it.

Profit percentage target would really be varrying on personal choice and goal in mind and since we do have different goals in life then these numbers cant really be determined whether 10x or 100x because we do hold off different coins which means chances or situations on gains will be entirely different.
This is where experience do really counts because you are already aware of the market behavior which would be one of the indicators on making out decisions into your investment. Of course you would really be needing self awareness and make out decision basing on what you had encountered in the past.

Dread Pirate Roberts

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Quote from: virasisog on June 28, 2021, 03:09:00 AM

I've learned my lesson in the past. Sometimes holding your bag for too long results to losses. I've tried to hold cpins when they were up 10x and didn't sell and regreted my decision. At some point you will have to sell and realize profit or it is pointless. Take note you can always buy the dip. Profit is profit.

we've had similiar experience about this, holding without a plan when to sell it not really good idea, just being logic no way market will always continue up and never had price correction. btw 10x is very big in my opinion. if that was me if i saw 2x already might be already sell it.

jambul_kribo

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Quote from: Digital_Lord on June 28, 2021, 02:23:54 PM

If you are looking for a team that is working hard to make the project successful then you should hold and wait for the good pump in this coin. But if you think the project will not grow more in the future then leave it and try to find a good and famous project with high potential. If you have got good profit then leave as soon as possible.

keep on eye to developers team work need to do regularly, and we must active make communication with developers team in order to know how far developtment progress in running. Sometime token holder or investors didnt care about it, they just leave their token in wallet and wait it pumped.

dimonstration

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Dimon69

Quote from: Digital_Lord on June 28, 2021, 02:23:54 PM

If you are looking for a team that is working hard to make the project successful then you should hold and wait for the good pump in this coin. But if you think the project will not grow more in the future then leave it and try to find a good and famous project with high potential. If you have got good profit then leave as soon as possible.

Teams that are too onhand and project that is really progressing and convincing can be a basis but it should also have a good marketing skills. I remember holding to many altcoins during ICO snd only few were able to survive when 2018 dump happen so we must really examine the projects we are holding with since its either it give us profit or losses, which only time can tell so make sure to make the most out of it by studying it.

capcaypro

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I don't know about the coin you are holding but I will give advice whether it's acceptable or not.
now it's been a month you hold the coin, my advice if you still want to hold this coin longer, keep an eye on the price and don't be too greedy with this kind of coin or if you've been getting this for one month, I think you should quickly stop your investment here.
but whatever you take try to research first for the future what the coin will be like if you are sure of the coin then continue but if you have doubts I

Digital_Lord

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If you are looking for a team that is working hard to make the project successful then you should hold and wait for the good pump in this coin. But if you think the project will not grow more in the future then leave it and try to find a good and famous project with high potential. If you have got good profit then leave as soon as possible.

Kez1817

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Quote from: LemonMaker on June 22, 2021, 01:53:33 AM

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 am not familiar with that coin but base on your post, I think if you want to hold, don't hold too much instead sell a big part of it and invest on other coins with potential to grow in the future. Holding is good but it depends on a kind of coins you are going to hold. Sometimes there are project that gives you hope in the beginning but after a few months it will slowly declining.

SquallLeonhart

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Quote from: SirLancelot on June 27, 2021, 04:05:58 PM

How do I decide which coins to HODL and which ones to trade? Well it's quite simple

Which ones to HODL? I just look at what is going on in the project before I decide to hold them. Solana for example always drives me crazy and I would have no problem holding them during this bear run because I have a feeling that it's among top 5 coins quite easily, people haven't realized the potential yet. Such coins where I feel more is yet to come, I hold.

Which ones do I trade? The coins for whom I feel, that they don't have anything in the pipeline or are meme coins. People often say one should never trade meme coins but I have made decent money from trading meme coins alone so I agree we must never hold them, but trading them is good if you know when to buy and sell.

Your explanations are good and useful but I like to suggest anyone who is gaining knowledge out of this topic, never look for any altcoin for your long term holding but you may try them for your trading purposes; only bitcoin is good for long term holding. If you study the fundamentals of bitcoin and distinguish it from all other altcoins then you will get a clear idea on why we need only bitcoin for long term holding.

Some altcoins may be suitable for year long holding but I am not seeing any altcoin to stay competitive for bitcoin for more than 5 years; yeah, within five years of time, that altcoin gets its competitor and lose its position; same may happen to ethereum (for example) at any time soon.

Yamifoud

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Quote from: ven7net on June 28, 2021, 08:23:49 AM

If large investors leave the project, then this project is probably no longer interesting to them and they left to fix the profit. Probably, this project and its coin will no longer be able to show growth, because this requires demand from the crypto community. I have a number of such projects and their tokens, which, in my opinion, seemed to have potential, but after their activity came to naught. In simple words, they have now depreciated and all that remains is either to wait for a miracle or to sell and get at least a little money. Of course, it is best to sell cryptocurrency when it costs good money, but there are also times when you need money and you have to sell your cryptocurrency ahead of schedule. In general, it all depends on the situation.

That is a common problem this time, some (most) project developers abandoned their project if they have noticed that there is no chance to make money for it. Even a single note to give awareness to the community is seems hard for them to do it. Probably, the intent is not to make a project that becomes useful to the people, but their intention is to scam us. And that particular project that OP had mentioned, is one of them.

ven7net

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Quote from: LemonMaker on June 22, 2021, 01:53:33 AM

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.

If large investors leave the project, then this project is probably no longer interesting to them and they left to fix the profit. Probably, this project and its coin will no longer be able to show growth, because this requires demand from the crypto community. I have a number of such projects and their tokens, which, in my opinion, seemed to have potential, but after their activity came to naught. In simple words, they have now depreciated and all that remains is either to wait for a miracle or to sell and get at least a little money. Of course, it is best to sell cryptocurrency when it costs good money, but there are also times when you need money and you have to sell your cryptocurrency ahead of schedule. In general, it all depends on the situation.

TWW

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Quote from: reza7777 on June 28, 2021, 05:56:57 AM

If you are not sure then why did you buy and hold the token until now? if you look at the volume, I personally will not hold it because most projects that have low volume are slowly getting dumped

even in the long term if there is no chance it can make the asset will be removed from the list on the exchange.
While it can still be sold, I think thinking about how the future of the coin being held doesn't give any confidence, so selling it isn't a bad choice.
if you accept losses I think it can be overcome by turning the money you have into other assets that are more convincing. we lose on one asset, but we can recover it with another asset by exiting the loss and speculating with better investment.

Pamadar

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Quote from: ?? on ??

Quote from: virasisog on June 28, 2021, 03:09:00 AM

I've learned my lesson in the past. Sometimes holding your bag for too long results to losses. I've tried to hold cpins when they were up 10x and didn't sell and regreted my decision. At some point you will have to sell and realize profit or it is pointless. Take note you can always buy the dip. Profit is profit.

I have made similar mistakes, probably every trader and investor has left profits on the table. The problem is if we sell too early then we might miss out on another rally, or we sell too late and the prices are already falling again. It is very hard to find the exact timing of the best selling point. That is why I always try to hold some coins. If I need money then only a few coins, I am trying to hold atleast 33% as long term investor.

And that same level of regret when you failed to wait with the big pump, we have are different experiences.

Those who works with short term trading are people who needs to keeps on reading the market charts, they need to follow the asset that
they start to support knowing that in any moment the pump will give them decent amount of profits. While in the other side those who aimed for long term always put thir target and forget about the asset not to be bothered by any market cycles.

reza7777

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If you are not sure then why did you buy and hold the token until now? if you look at the volume, I personally will not hold it because most projects that have low volume are slowly getting dumped

iTradeChips

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I am not going to talk about the coin that was mentioned, but rather the experience that I have with comes to the topic of HODL and selling or dumping all your coins. I always tend to follow the oldest rule in the business book when it comes to buying and selling and that is to buy cheap and sell high. The only problem that you have to face about this is the fact that it is tricky in the crypto markets to determine when to buy and when to sell. That is why most tend to study some chart reading, some technical analysis and others.

virasisog

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I've learned my lesson in the past. Sometimes holding your bag for too long results to losses. I've tried to hold cpins when they were up 10x and didn't sell and regreted my decision. At some point you will have to sell and realize profit or it is pointless. Take note you can always buy the dip. Profit is profit.

bakasabo

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I divide my altcoins in two categories. First altcoins that I got from bounties. I prefer to sell them, if they cost more than $50 if the project does not look promising, or hold till they cost few hundreds. Second part of altcoins are those that I have bought myself. These altcoins I prefer to hold till I become rich or sell if I eventually got short in fiat.

goolesby

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Gistcoin

we both learn about this, I'm just always learning and continuing to learn, work on 1 or 2 projects first so that we are more focused and of course the results will be good and satisfying, if there are too many projects I'm afraid we won't work well and optimally and maybe eventually the project will fail and we lose energy and time because of it.

aditasetia123

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i have two reason why i should hould or dump my crypto assets. First , based on project fundamentl which how developers team will send their MVP and work hardly to send it according to the schedule on their roadmap. Usually good dev team willl always send it on time. And second based on technical , if i see reversal sign in chard, either based on candle form or maybe divergence , personally i will sell it first .

SirLancelot

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How do I decide which coins to HODL and which ones to trade? Well it's quite simple

Which ones to HODL? I just look at what is going on in the project before I decide to hold them. Solana for example always drives me crazy and I would have no problem holding them during this bear run because I have a feeling that it's among top 5 coins quite easily, people haven't realized the potential yet. Such coins where I feel more is yet to come, I hold.

Which ones do I trade? The coins for whom I feel, that they don't have anything in the pipeline or are meme coins. People often say one should never trade meme coins but I have made decent money from trading meme coins alone so I agree we must never hold them, but trading them is good if you know when to buy and sell.

Topic: How do you make your HODL or dump decisions? - page 7. (Read 1889 times)