Huge gains and still holding ? - page 11.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: cunguks on July 18, 2021, 09:10:35 AM

Quote from: matchi2011 on July 18, 2021, 09:04:57 AM

Quote from: Ceyflix-Rez on July 18, 2021, 02:09:32 AM

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

Short ride but gained good benefits, if you managed to this and succeed with how you plan you have a lots possibilities
to keep getting decent profits.

It's up to how you managed collecting your profits and rinse back over and over for more profits as possible.

short term or long-term investment doesn't really matter. both can provide good benefits for us. but most importantly, we must know when we will enter and exit the investment we make.
because sometimes investors forget that they have already made a profit but continue to expect bigger profits by holding the assets they have for an unplanned time.
all of that could end in a correction when we don't realize the market is in a big dump. and what happened next was regret.

Most of the time that happened, with so much volatility around this market, you better have a good sets of plan and the target
in taking your profits or cutting your losses.

it's a big mistake if you just keep aiming for more if you are not really into long term investment, that will risk your investment
if you failed to sell while the price is hyping.

akirasendo17

sr. member

Activity: 1106

Merit: 310

Quote from: HashingTower on July 17, 2021, 12:24:19 PM

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

I think I see some still holding even the price have made that far, its because they believe the coins are undervalued, and it's true some are, especially if the coin has a product, or for example a coin, where they use the coin to buy something in the game, or staking, the point is if you can earn while holding it, why you are going to sell it, but if you are talking about a coin who just pop up out of nowhere, that's a different story.

Jackl87

sr. member

Activity: 1722

Merit: 269

Quote from: HashingTower on July 17, 2021, 12:24:19 PM

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Well i mean you are correct and i am also one of those guys who made that mistake twice now to not sell even though my profit was pretty big at the beginning of may. I also have to say though that this is a pretty easy thing to say now that you know how the market developed in the last two months. Of course i regret that i did not sell any of my holdings two months ago but i also does not bother me to much to be honest. I would have regretted it way more if i would have sold for lets say a profit of 100k€ back then and afterwards the whole market would have done another 10x and my holddings would have been worth 1M€ because 100k€ are no life changing amount of money here (i am from Germany) but 1M€ are.

deathcode

copper member

Activity: 1414

Merit: 253

Eloncoin.org - Mars, here we come!

Quote from: Strongkored on July 18, 2021, 09:10:45 AM

Quote from: HashingTower on July 17, 2021, 12:24:19 PM

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Greed is something that often afflicts traders or investors, they should realize that no one is able to predict exactly when the market will be bullish or bearish, so continuing to think that prices will go up is unrealistic, but there are also those who are stuck in current conditions, this is not because of greed but because they enter the market when the conditions are at the end of the bulls keep buying after that the market becomes uncertain as it is today.

greed and panic that is often experienced when making investments. that's what they often experience.
however, it is a human attitude. most people and investors must have it.
but slowly, when they can control their lust. will be able to plan well. especially for starting and ending. because those who are greedy will never know when to start and end.

matchi2011

sr. member

Activity: 1456

Merit: 267

Buy $BGL before it's too late!

Quote from: Ceyflix-Rez on July 18, 2021, 02:09:32 AM

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

Short ride but gained good benefits, if you managed to this and succeed with how you plan you have a lots possibilities
to keep getting decent profits.

It's up to how you managed collecting your profits and rinse back over and over for more profits as possible.

Strongkored

legendary

Activity: 2772

Merit: 1112

Leading Crypto Sports Betting & Casino Platform

Quote from: HashingTower on July 17, 2021, 12:24:19 PM

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Greed is something that often afflicts traders or investors, they should realize that no one is able to predict exactly when the market will be bullish or bearish, so continuing to think that prices will go up is unrealistic, but there are also those who are stuck in current conditions, this is not because of greed but because they enter the market when the conditions are at the end of the bulls keep buying after that the market becomes uncertain as it is today.

cunguks

full member

Activity: 854

Merit: 101

Polkadog - Multi-Chain Defi Meme

Quote from: matchi2011 on July 18, 2021, 09:04:57 AM

Quote from: Ceyflix-Rez on July 18, 2021, 02:09:32 AM

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

Short ride but gained good benefits, if you managed to this and succeed with how you plan you have a lots possibilities
to keep getting decent profits.

It's up to how you managed collecting your profits and rinse back over and over for more profits as possible.

short term or long-term investment doesn't really matter. both can provide good benefits for us. but most importantly, we must know when we will enter and exit the investment we make.
because sometimes investors forget that they have already made a profit but continue to expect bigger profits by holding the assets they have for an unplanned time.
all of that could end in a correction when we don't realize the market is in a big dump. and what happened next was regret.

sherenikaw

member

Activity: 630

Merit: 10

rocket.hashbon.com

That's true and many still don't know about it. Some people choose to hold on to their coin and keep holding it until the price goes up, but they forget to take advantage of the opportunity to sell it for a good price too. It's nothing, it's just that we have to be able to determine the right time to sell or buy coins in order to get the profit as expected. It is not an easy thing to make a decision, therefore, consistency is needed to hone trading skills. If you feel well and can understand the market well, you can definitely determine the right time and make the right decisions.

Investo20

jr. member

Activity: 342

Merit: 3

Everyone should decide first if they are a trader or a investor.
If someone is investor then you should know the time period and the price target you are expecting based on you research before investing. In this case you can hold until the time period or the price target isn't achieved.
But if you are a investor the you should check you greed and emotions and learn to use stoploss feature in trade. Nowadays trading is so much facilitated. Use the facilities.
In both cases we need to control our greed and emotions.

whiteblue

sr. member

Activity: 1246

Merit: 250

Quote from: Ceyflix-Rez on July 18, 2021, 02:09:32 AM

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

It's true, when people who are just starting to invest get a profit, then withdraw their capital first and use that profit to invest again at a higher risk, because usually investments with high risks also have the opportunity to get big profits too.

Rakeshten

member

Activity: 280

Merit: 11

Yes, it is a very big mistake. I can understand because the same thing happened to me. I bought some Juld(Julswap Token) at 0.17$ and hold it, Its price reached 0.6$ but I didn't sell, now It has reached at 0.016$

. I am in a loss now. So I have learned a lesson from this that We should take our profit

Dragonfund

full member

Activity: 546

Merit: 148

Quote from: HashingTower on July 17, 2021, 12:24:19 PM

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

I assume some users enjoy watching their portfolio and they always have this imaginary or turning their whole portfolio into millions, that's nothing but pure greed.
I can't even imagine myself with a 40x and keep watching the wallet when I have know that bull run or market excitement wouldn't last forever.
The thing I have also observed with this kinds of gains, they are always from new solid projects, so the earlier you cashout your profit into another thing, the better and peace of mind for you and emotions.

bamb

sr. member

Activity: 938

Merit: 251

It is indeed very good practice for traders to take their unrealized gain whenever it comes. When there is an insane gain like hex doing 40x, you will discover there are only few people who made that 40x, majority only made 1x, 2x etc. It is hard to predict the market and as the saying goes... A bird at hand is worth more than two in the forest!

ILuckyGuyI

sr. member

Activity: 2030

Merit: 402

Play Bitcoin PVP Prediction Game

Yeah, people should teach themselves about taking the profit when they make a really huge one. But many people aren't doing this and become in a serious loss after some time mostly. If we all set some price goals, things can be easier for us. We can take the profit before a dump thanks to this strategy.

michellee

hero member

Activity: 2604

Merit: 816

Play Bitcoin PVP Prediction Game

Their target price to sell is very high so when the price touches $60k, they still do not sell because they believe the price can increase more. But it is better if we can see the situation and adapt to that so we can make a profit while making another profit at the next high price. We do not have to wait for the other highest price because the price can jump to the lowest price after the highest price and that happens many times. I am sure that after this, we will see the highest price coming but we should wait and have patience for that.

Clavulanic

sr. member

Activity: 714

Merit: 250

Quote from: Ceyflix-Rez on July 18, 2021, 02:09:32 AM

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

Taking risk has more chances of losing as we desire to make it quicker, because that involves emotions particular on different behavior of price volatility. We all dream for better future in crypto, but having an aggressive approach wont give us good results due to unpredictable market which eventually saturates during an outbreak occurs at an expected situation.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

Quote from: HashingTower on July 17, 2021, 12:24:19 PM

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

If anyone who invested in any iCO or IDO and experienced a huge rally in your investment and still you are holding your coins expecting further rally and then the market going for a correction and you end up holding the coins is a bad dream anyone who invested in the market experienced and there are some coins which never rallied after their initial rally and if i invest in any project i will not wait for the long haul, book the profit and get out at the first rally.

thesosorr

full member

Activity: 691

Merit: 100

Quote from: HashingTower on July 17, 2021, 12:24:19 PM

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

I think it's their personal business. Maybe the person you mean has another strategy for making profits. For me, it happens a lot and I've done it before. Because, on the one hand, the assumption that the number will increase again.

Ceyflix-Rez

member

Activity: 420

Merit: 13

$CYBERCASH METAVERSE

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

poodle63

hero member

Activity: 2660

Merit: 509

Leading Crypto Sports Betting & Casino Platform

Theres always people like that and they got divided into two category that is short term holder and long term holder, some long term holder might really believe the potential of a coin to the point where they might become unfazed even when the price has reached really high price. So its not a rare sight to see people actually holding coin thst it reaches ATH but didnt sell it meanwhile that ATH could be the highest a coin could ever reach

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