Huge gains and still holding ? - page 5.

cabron

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Quote from: tabas on September 02, 2021, 06:18:07 PM

Quote from: Bollexz1 on September 02, 2021, 03:41:42 PM

First of all, Bitcoin is quite bigger and not any comparable with every other altcoins out there. In response to your subject, I take profit whenever my investment doubles on any altcoin bought. For clear understanding, if I bought a project for 100$ and it x2 within a short period.. I take off my 100$ and leave the remaining 100$ for a long term. I don't give room to greed in any way.

It's better to take off those profits when you've made it doubled into a short period of time. And if it's an altcoin that you've just recently bought and isn't really that popular.
You already got the favor of taking those profits while you can because it cannot escape afterwards the possible dumping of it.

I don't know if you can call it greedy as well because he must have thought HEX could become just like the new Bitcoin that will keep going up. This is why it's true that we need to take profit but one would rather learn when to trade and take profit when there is a chance.

But if he prefers to keep holding, he better just sell and buy back at the right time. Because just like Bitcoin HEX or any other altcoin, the bull runs cycles too.

tabas

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Quote from: Bollexz1 on September 02, 2021, 03:41:42 PM

First of all, Bitcoin is quite bigger and not any comparable with every other altcoins out there. In response to your subject, I take profit whenever my investment doubles on any altcoin bought. For clear understanding, if I bought a project for 100$ and it x2 within a short period.. I take off my 100$ and leave the remaining 100$ for a long term. I don't give room to greed in any way.

It's better to take off those profits when you've made it doubled into a short period of time. And if it's an altcoin that you've just recently bought and isn't really that popular.
You already got the favor of taking those profits while you can because it cannot escape afterwards the possible dumping of it.

Bollexz1

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First of all, Bitcoin is quite bigger and not any comparable with every other altcoins out there. In response to your subject, I take profit whenever my investment doubles on any altcoin bought. For clear understanding, if I bought a project for 100$ and it x2 within a short period.. I take off my 100$ and leave the remaining 100$ for a long term. I don't give room to greed in any way.

Boomber

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Quote from: NNRR on July 17, 2021, 12:12:59 PM

Hex token huge growing I am also invested hex token and make profit and sell 40x profits its enough for me. believe crypto holding power very good decision anyone keep holding crypto obviously make rich. what are you doing Hold and sell its your own decision

I think your choice is right, because when altcoin that you invest (for example HEX coin) has given you 40x profit, then you better sell it and invest in other altcoin, because there are still many altcoin that have the opportunity to increase very high too, so of course it can makes you get more profit than you just hold one altcoin forever.

Ruvi2000sew

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Being greedy is, without a doubt, the biggest mistake anyone can make. I understand that we all have this type of conduct, but we must also keep in mind that we must not allow it to govern us. We must also learn to be content with a small quantity of money rather than fixating on large sums.
If we can know these things, I'd say making a decision was rather simple for us.

hamba laeh

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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.

Don't blame anyone because everyone has their own investment strategy and goals. maybe your friend wants to hold it longer because your friend believes that the coin will continue to rise in the future so he continues to hold it until the target is achieved. so in my opinion this is not a mistake but a target and purpose in investing.

Rana590

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Quote from: Emmychris on August 23, 2021, 01:47:29 PM

Well truth be told most people in crypto are still faced with greed, no matter the amount of profit made there find it so hard to take profit which is really not healthy for some one in crypto, well I was such a person who would make so much profit and ends up not taking profit while in profit till it turn to loss, but well now I learnt my lesson and when I see a coin doing very well I just keep my eyes on it to know when to leave the market and never look back.

But what about if a coin has much potential in near future. Yes, we can't predict the exact value of a coin or token but prediction is always acceptable. We shouldn't sell valuable assest by getting small profit. It may be happening on not potential project.

nurilham

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Quote from: Wicked17 on August 23, 2021, 10:19:36 AM

The only gains that i am getting is the knowledge and endurance for a lost. I hope i can overcome my greediness

At least, you can get experience and knowledge, it should be very necessary and needed for your future. Each trader must ever get losses, nobody is perfect. But a smart trader can learn from his/her mistake to improve their trading habit. I believe you also can do it, take some lessons from your mistake to be a better trader. To be honest, controlling greediness isn't something easy to do. It takes time to be able to control it well.

Bitstar_coin

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It is good to seel and buy back below when your assets hit such high price, I made such mistake and I really regreted it to be honest, till now I still feel very sad whenever I thought of the great opportunity I miss from selling at high price and probably buying back below, now the price of the alts I hold is really down compare to what it was trading at few weeks back.

Emmychris

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Well truth be told most people in crypto are still faced with greed, no matter the amount of profit made there find it so hard to take profit which is really not healthy for some one in crypto, well I was such a person who would make so much profit and ends up not taking profit while in profit till it turn to loss, but well now I learnt my lesson and when I see a coin doing very well I just keep my eyes on it to know when to leave the market and never look back.

Ruvi2000sew

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When you've been in crypto long enough, you'll realize there's no such thing as certainty, and the best course of action is to reduce risk. That's why it's a bad idea to hold all the way even if you've done it x times previously. I mean, you don't have to cash it all out at once; instead, divide it into chunks to cover the initial investment capital, realize gains, and maintain holding for more riskier gains.

Rb48

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Those who bought and held Bitcoin Etherium and BNB a few days ago are starting to make a lot of profit today. We can see that a lot is being gains with you at the moment. So I would say those who have held today have made a lot of profit. So if you want, you can buy and hold good coins and the market will be pumping more and later you will get a lot of profit.

bigjuk

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Quote from: ranaprime on August 20, 2021, 11:20:25 PM

I personally corroborate holding. No one in the world those are hold their coin for long time and make loss i don't see such types of holders. Because i believe that if you hold you will get more then gold. If you look at Hex. Now the price is so high. Those who are holding this coin they get more then their expectation.

It depends on what coins they hold too, because if you only hold trash coins or meme coins that are only high in value during the hype, then no matter how long you hold them, there will be no payoff at all even if you have held them for years.

newwest

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I have different strategies and invest accordingly. So for example if I had bough something for just duration only and in that if I am making profit then will exit the position after reaching a certain price which was pre decided. But if its for a long term and would not be worried even if it falls in between because anyways I do not have to consider the short term growth for the long term investment.

Wicked17

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Quote from: nurilham on August 20, 2021, 05:59:35 PM

Quote from: batang_bitcoin on August 20, 2021, 05:00:54 PM

That's the nature and act of greediness. Even if you've seen that there's already a huge up with the altcoin you're holding. You don't have clear plans of selling it.

Yes, it is a greedy attitude and it is very risky for a trader/investor. In my opinion, ideally, a trader/investor should have a target to take profits. When the target is already achieved successfully, it is better to end holding. Continue to hold it, can end with a worse price to sell. We don't know when the price increasing again, or even there will be no pump at the same price anymore.

I can relate myself on this kind of attitude. Even if i already gain a lot of percentage to initial investment for a coin, i am still dumb to hold it and not taking ROI. The only gains that i am getting is the knowledge and endurance for a lost. I hope i can overcome my greediness so that i will get some profit.

goolesby

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When listening to investment words, many expect big profits or profits at the beginning.
This becomes an impossibility because your abilities and knowledge are also very limited. Because it makes targets that match your abilities a way to be successful in trading.
You can adjust the targets that go into this to your liking and of course you have to stay consistent. You must be able to set targets and schemes when to buy, hold or sell them.

ReiMomo

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I have never done that so. I always set up a minimum percentage of profit and my orders. Have held it more when obvioulsy the price was too lesser than I bought. At times, we place an order when the market is in manipulation. We tend to buy when the rate is on its ATH thinking it would go more if its bought. Often, had to wait for even 2 months to recover. Yes, its not advised to hold back the coins when a decent hike is seen to the same coin. Its good to sell and buy back when the price goes down.

BayAngelo

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you don't have what it takes to decide for an investor. whether he choose to hold on to a shit coin is his business not yours. so many traders has made mad money in crypto tru trading of shit coins and then buying quality projects letter. it is your choice to hold whatever you want to hold and not telling people what they should hold. i hold some of the most shit coins and i have seen some grow

xmonkeyx

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might want to expect bigger profits but I think it was a big mistake which will be regretted in the future. I don't understand how people think they want to make huge profits, I think 40x is huge. if he can think straight maybe he will sell it and again see the opportunity to make a profit on other altcoin.

Ever-young

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Well, you really never can tell what is the person's reason of holding, before you make a move to buy any altcoin you will have an expected target on which price you will like to sell, those who have patience hold on to it, till it get their. Why what most do is sell when they see a massive pump, and wait for it to fall again so that they can buy back and hold for as long as they want.

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