Huge gains and still holding ? - page 3.

globalpain

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Quote from: Tony116 on September 12, 2021, 11:53:57 AM

Quote from: cheezcarls on September 12, 2021, 07:24:24 AM

Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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 don’t have some BTCs right now, but most of my holdings are Ethereum. Even if ETH crashed from it’s previous all-time high to somewhere around $2,000’s, I am still at a good profit and now it’s hovering around $3,300 to $3,400. I’ve bought ETH sometime on early 2020’s when it was still below $200, so I don’t have any problem holding this for long and I am still betting on it to reach a new all-time high before 2021 ends.

It's not really a mistake, it's a personal strategy. ETH is the perfect choice and you have chosen the right time to buy, ETH is still undervalued compared to its value. I also believe that ETH will reach a new ATH when the ETH2.0 upgrade will launch next year. I won't sell my ETH until it reaches 10k$.

I agree maybe it will actually happen when Ethereum 2.0 launches,
I think you just need a lot of patience to wait for Ethereum to reach $10k,
I don't see Ethereum being able to achieve that anytime soon and it's better to keep up with the progress it's interesting for sure

Ulvajaya

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That's sometimes we see someone who is greedy so that he gets a catastrophe the price is getting cheaper now, in fact he doesn't have a sense of regret like other holders, for example the hex coin was very high a week ago, and now the coin is getting cheaper and I don't know how long it will take will rise again,,, today it is still very cheap like in the crypto market which is in the link below;
https://coinmarketcap.com/id/currencies/hex/

Coin BTC

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Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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.

Is it appropriate for us to express greed to those who invest in Bitcoin when experiencing losses. And you direct people to hold HEX tokens. What if the HEX token fared even more badly when the dump occurred, and Bitcoin was back in the pump. Are you going to be consistent with what you say? If everyone makes a profit, where does that profit come from?

lousie9

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Actually it's not greedy that happens if we continue to hold coins, but we believe in the assets we hold today because they have very good project developments but it would be nice if we took advantage of these coins if we bought them cheaply. because I believe for the holders of course they will buy the coin when the rate is low and continue to hold it for the long term because this year's HEX coin has got the highest ATH and we take high profits if we hold the coin from the start.

omone1

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I usually hold for long long time, sometimes 50x or even 300x but I usually take profit from some positions so as to avoid sighs. If one really want to financial free, one really need to hold.

Shohanur

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Quote

It's not really a mistake, it's a personal strategy. ETH is the perfect choice and you have chosen the right time to buy, ETH is still undervalued compared to its value. I also believe that ETH will reach a new ATH when the ETH2.0 upgrade will launch next year. I won't sell my ETH until it reaches 10k$.

There is a big chance to increase the price of ethereum because it is performing so good at this time. It is a well known crypto currency and people will use it. I thin, the price of ethereum will hit 10k$ very soon.

Tony116

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Quote from: cheezcarls on September 12, 2021, 07:24:24 AM

Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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 don’t have some BTCs right now, but most of my holdings are Ethereum. Even if ETH crashed from it’s previous all-time high to somewhere around $2,000’s, I am still at a good profit and now it’s hovering around $3,300 to $3,400. I’ve bought ETH sometime on early 2020’s when it was still below $200, so I don’t have any problem holding this for long and I am still betting on it to reach a new all-time high before 2021 ends.

It's not really a mistake, it's a personal strategy. ETH is the perfect choice and you have chosen the right time to buy, ETH is still undervalued compared to its value. I also believe that ETH will reach a new ATH when the ETH2.0 upgrade will launch next year. I won't sell my ETH until it reaches 10k$.

zulfi125

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If you check out the starting price of HEX this was 1 satoshi and now 866 satoshi, if anyone investor sold out after gain 40x or 50x then he lost the opportunity to gain the big profit instead of 40x, so this depends on the project if you feel this project will grow a long time then you should not sell out your altcoins and hold when you got big profit.

Sir Legend

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Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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 don't think it's greedy if someone still holds even though they have 40x profit like HEX tokens, maybe the potential to go up is still big so continuing to hold is the best option, if everyone immediately sells all the coins that have gone up then the market will certainly drop, this actually makes the market even more improve.

cheezcarls

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Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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 don’t have some BTCs right now, but most of my holdings are Ethereum. Even if ETH crashed from it’s previous all-time high to somewhere around $2,000’s, I am still at a good profit and now it’s hovering around $3,300 to $3,400. I’ve bought ETH sometime on early 2020’s when it was still below $200, so I don’t have any problem holding this for long and I am still betting on it to reach a new all-time high before 2021 ends.

Altryist

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Quote from: tabas on September 12, 2021, 06:44:13 AM

Always target a price whenever you're about to sell. We're all having that price to sell because we don't want to get with the losses every time the market goes on high.
Aside from having a target price to sell, you also wait for a time to buy with that profit that you've made. It's all you need to understand as a cycle, buying back and selling at profit.

That's right, when you buy a coin, you should already know at what price you will sell it. Otherwise, when the growth begins, you will all expect that the price will rise higher and higher, and as a result, you may not sell at all and wait for the fall. Of course, this strategy has its drawback, it lies in the fact that if the price continues to grow and reaches x100 or x200, then we will not be able to get this profit, because we have already sold the coin earlier.

tabas

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Quote from: ali1177 on September 11, 2021, 07:14:53 AM

This happens with almost everyone because of greed whenever we buy any coin and the price increase we think this will grow more but that's not true we should set the target price immediately after buying that coin.

Always target a price whenever you're about to sell. We're all having that price to sell because we don't want to get with the losses every time the market goes on high.
Aside from having a target price to sell, you also wait for a time to buy with that profit that you've made. It's all you need to understand as a cycle, buying back and selling at profit.

ali1177

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This happens with almost everyone because of greed whenever we buy any coin and the price increase we think this will grow more but that's not true we should set the target price immediately after buying that coin.

Banulit

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Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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 dont think that its wrong if they hodl a token that they think has a very high potential in such a long run. Like just for example, bitcoin hodler that hodl it ever since 2010 they are now multi-millionaire because they did hodl long termly.

Chato1977

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Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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.

we have our own beliefs and trust in coins that we are holding , if you are the Buying low selling high kind of guy then others are not.

there are even holders that never leave their coins even if this dumped down to - 300% you know why? because they believe in the project and they are not a typical investors, they are what we called HODLERS.

jakdanyel

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kycfree

Greed is a very common thing to be seen among many investors. Because not all people set price targets for themselves. So they don't know when to sell. They just wait for a high amount of increase in the price. Don't get me wrong, it is also normal of course. However, this can cause some of these investors to be controlled by greed and these people might start waiting for even more and more. And this can result in a huge loss also. People should be able to control themselves and setting a price target can be the number one way to be helpful about this.

RockCryptoWorld

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I invested in Singularity Dao when it was 0.5
The project looks really interesting to me and I'm happy now SDAO is listed on KUCOIN
This is a Top Project with Market Capitalization of $60M-$120M noticed by CryptoDep

-They’re building a Crypto Hedge Fund and is the child project of $AE (Listed on Binance)
-Team w/ connects to Binance, Huobi, Kucoin, Okex
-Hedge Fund Goes Live SoonFire
-Launchpad

SDAO is a midterm/Long Term Hold. They have a packed roadmap. Considering how strongly it has resisted today’s dump, it will do well.

raidarksword

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Quote from: RussianEnglishTranslation on August 19, 2021, 11:37:09 PM

Quote from: HashingTower on July 17, 2021, 11:24:19 AM

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.

HEX token is a scam though, it's a ponzi. Sure, you might have gotten rich if you bought and sold bitconnect at the top but most people got straight up scammed. Why not invest in a real project like Celo or NEAR?

Many said this that HEX is scam but it proved them wrong in the long run though. Look at the coinmarketcap of hex, it popped too much on the price and I don't call it scam in that situation. It's just adoption worked out on them that's the reason they on that level right now.

Irenerty

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No one can predict the future price of cryptocurrency. Many crypto investors are greedy. When the price of the invested currency doubles, they will choose not to sell but continue to hold. They think that the price can rise many times, but it may not be the case. The price may be Fell instantly. We can never predict the highest price of cryptocurrency, so we must stop the loss in time when we get a certain profit, so as not to lose more.

kanayaTabitha

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Quote from: Swapster on September 06, 2021, 08:19:35 PM

I try to buy coins that I believe will have a long term value, and will risk a bear market because I keep a large cash position as well. The reason is you have to hold for 1 year to get long term cap gains rate. If you sell everything on short term basis, you are paying quite a lot in taxes. That loss to taxes is baked in the cake. Whereas, if I go long on a good, solid project, I can minimize my taxes.

And make sure you are holding a great fundamental coins if you're planning to hold for a year and invested a large cash into it, because sometimes a common coin with no great fundamental will crash or even going zero if we hold it that long because there are a lot new coins which people invest and the old coins will be left if the coin is not having a good plan in the future.

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