I believe this is the way | Bitcointalksearch.org

sedov1966

newbie

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Quote from: Squezzi55 on October 29, 2020, 01:40:26 AM

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about
Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.
Think about it

The only difference between richer person and poorer one - latter one will fomo sell on the dip, the first one will proceed to hold onto assets he/she chose until its grown enough to sell.
And the only way to be The richer one to make sure you won't have to sell anything of your investments to keep up your daily spends.

Rowenta

member

Activity: 196

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Everyone has the right to do whatever they want with their tokens and coins, we don't have to make anyone see reasons, crypto space is full of experience and mistakes, people will adjust when they realize how much they've lose, what works for me is taking profit, I've wasted years holding and holding

budi691

sr. member

Activity: 1190

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If you look at the profit, not everyone is satisfied when they get double the profit, they always think that they are still lacking, and in the end when the price drops again the profit is lost, so there needs to be self-control, not involving emotions in every decision, because it's not that easy. get a profit, especially if it's been a long time waiting to hold the coin

hulla

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Quote from: Squezzi55 on October 29, 2020, 01:40:26 AM

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about

It will come past though but it all depend on the coin the investor is actually holding. Lets use Bitcoin as an example if you can buy and hold till the total 21 million coins are mine the price of a single Bitcoin in the market could be $120K or more.

Quote from: Squezzi55 on October 29, 2020, 01:40:26 AM

Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps

All experienced cryptocurrency holders do that with their investment but still decide to cold storage some coins which were meant for the future purpose.

Dr.Osh

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Sugars.zone | DatingFi - Earn for Posting

we all believe that is the way. it's easy enough to say that buying and holding it, when the price doubles, we sell it, and then wait for the dump, and buy it back. However, can you wait for it? so much negative news out there. especially in case of panic sell. I am not so sure that you will rest easy with your chosen coin if you are not used to this. after all, it was the right way, only easier said than done.

TopT3ns

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#SWGT CERTIK Audited

Quote from: sgenuine on October 31, 2020, 12:14:40 PM

Quote from: Dariusburst on October 29, 2020, 02:00:03 AM

Bear market opens door to buying season and bull market opens door to selling and taking profit season, the problem is many don't know when to go in and when to get out, both ups and downs in crypto space has their advantages and mind you make sure the coin you holding have the habit of recovery, my perfect guess is NEO.

NEO still resembles me a crypto hype coin. Simply there are too many Asian guys dealing with cryptocurrencies. When thousands of them call NEO “Chinese Ethereum”, the rest people start to believe them and rush making investment in this altcoin.

unfortunately there is a lack of knowledge about some of the altcoins in circulation, especially from NEO, which of course many people are affected because in fact NEO is not like that, Ethereum is only one and nothing can replace or match ethereum. while for investment I don't think there is a safe coin, everything has risks.

sgenuine

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Quote from: Dariusburst on October 29, 2020, 02:00:03 AM

Bear market opens door to buying season and bull market opens door to selling and taking profit season, the problem is many don't know when to go in and when to get out, both ups and downs in crypto space has their advantages and mind you make sure the coin you holding have the habit of recovery, my perfect guess is NEO.

NEO still resembles me a crypto hype coin. Simply there are too many Asian guys dealing with cryptocurrencies. When thousands of them call NEO “Chinese Ethereum”, the rest people start to believe them and rush making investment in this altcoin.

Balladtony77

member

Activity: 378

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I like buying when price is down and wait for some recovery to sell back, repeating this process can earn you neat profits but it's not a instant something, can take days for your sell order to process and make sure you are using a very good altcoin or better stick with bitcoin instead

lixer

hero member

Activity: 2492

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You do not hold coins for years because you want to get rich overnight, you do not even hold them because you want to suddenly be so rich that you can retire right away and live life without ever worrying about money.

You hold those coins for a long amount of years because you believe it will compete against the inflation and win, and hopefully win with a big margin. That way you will still have money, you will have enough to buy the same things you can buy today and maybe some more on top of that.

Not every person is after that million dollars, some of us just do not like watching our money become zero, I have some money saved up aside and every month I see it lose value, sure the number looks similar even a bit up but it is not buying the same thing it could have last year.

ttcsalam

copper member

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I agree with you.I hope you can expect something better if you trade in this way.I think it is possible to make a profit by trading on the news that Can Trade News has a lot of updated news.

vlast01

full member

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Dolphins Finance TRUSTED FINANCE

Quote from: Squezzi55 on October 29, 2020, 01:40:26 AM

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about

Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

Well the process that you have been mention are already been done by many and may fall under Trading
and you may call it the Buy and Sell.
These process can be also classified into two long term and short term. For long term the trader will hold on to a token/altcoins or any other cryptocurrencies specially bitcoin and etherium for an extended period of time.
And for the short term trading may last within few minutes to several days.

doctor877

full member

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Every trading strategy is unique and different. What if you buy lower and then it keeps going down.! What if you sell at x2 and then it keeps going up while you are waiting for it to come down to buy again. Sometimes it doesn't go like that. Just do what works for you. If holding a coin for x10 works for you then do it. If taking little profit work for you then do it. But don't hesitate to take interval profits. Your patience is what wi be tested when it doesn't go your way. You just need to be specific and don't jump around buying all coins.

bits4books

sr. member

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Crypto is not a religion but i like it

Quote from: Stanlo on October 29, 2020, 03:10:55 AM

Quote from: bits4books on October 29, 2020, 02:34:36 AM

I think it will sound rude but - if you want to earn money, then go to work and develop yourself as a specialist. Why do you need cryptocurrency for this? You understand that people like you continue to kill not only the community turning it into a bunch of speculators and traders but also kill the tool itself?
What difference does it make to you - get dollars right away or spend them first to buy something else and then sell for a higher price? You might as well be reselling ordinary items.
You can answer normally - why do you need cryptocurrency? If you think that this is just a tool for making money then you do not need it because you will kill it.
You don't even want to see the potential inherent in this technology - you only care how many fiat you can raise on the purchase and sale. Again , you don't need cryptocurrency, go trade vegetables.

These people are talking out of experience, how many crypto projects are into real use case today? They are just there for nothing, even payment projects, no single person is using them for the real reasons they are built for, instead they lose value in the process, for a technology to survive you expect me to lose all my money? Mate it's always about the money, minus bitcoin and ethereum it's always about the money

Does this not mean that at this historical period, blockchain and cryptocurrencies are not as necessary as everyone wants to think? Listening to each user-you hear about the fact that "this is the future, here's another 1-2 years and BTC will become the reserve currency of the world" and other interesting things.
But what if what we see now and how these technologies are being used is really another attempt to squeeze money out of the vacuum? And that the present application will only be in the future.
Is it necessary to lower the reputation of the blockchain by an army of speculators? Do I need to constantly create new useless and meaningless crypto projects and exchanges to further encourage the printing of Fiat money?
After all, the main question here is whether technology will die just because a bunch of people want to squeeze water out of a stone?

Boov

sr. member

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Quote from: Wulan_maniez on October 30, 2020, 10:48:48 PM

Doing both ways, as you say, buy when the price drops and sell when the price 2x goes up. This applies to Bitcoin, but not to all coins.
Maybe just a few coins of choice, like ethereum or xrp. Maybe this coin can still be expected.
What I’m afraid of is buying a coin that’s already deep and can’t go up anymore, because it’s been abandoned by the developer.
Don’t let that happen.

Huge price dropped and almost 2x of price hike if market is in bullish were only be seen or appreciated when it is bitcoin, ethereum and XRP. But if we were going to look it for some altcoins we can't clearly recognized the movement of its price. Some of them were having a value which is .000 values which even having a $1 value were hard to reach. As we have seen, altcoins market value were too far from bitcoin value.

Wulan_maniez

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Activity: 840

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Doing both ways, as you say, buy when the price drops and sell when the price 2x goes up. This applies to Bitcoin, but not to all coins.
Maybe just a few coins of choice, like ethereum or xrp. Maybe this coin can still be expected.
What I’m afraid of is buying a coin that’s already deep and can’t go up anymore, because it’s been abandoned by the developer.
Don’t let that happen.

Wingo

full member

Activity: 686

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Quote from: Squezzi55 on October 29, 2020, 01:40:26 AM

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about

Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

Trading in crypto, the same with stocks is not a buy and hold scheme, whenever you trade, there must be a target price for you to secure profits.
We as humans are affected by emotion, and the crypto market is motivated mostly by great emotion in line with the wider price volatility. You'll only lose if you don't try to learn how the market works and how to make yourself adaptive to the changes in the market environment.

odukoyaewatomi27

member

Activity: 536

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We can be very sucessful while holding, as long as you are not greedy, you will locate the most ideal approach to sell your holding.

It could be, where we will see a pump and dump, yet we generally observe at pump.

Here's a straightforward guide to demonstrate that holding is a compelling investment plan.

Bitcoin before was price $100, in the event that you purchase and hold it up to this point, you can at present sell it with a benefit in light of the fact that bitcoin never returns to that price again.

The issue is in the event that we limit the price energy about bitcoin, that is the place where you figure it will simply move at a specific level as it were.

judeafante

sr. member

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Quote from: Squezzi55 on October 29, 2020, 01:40:26 AM

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about

Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

I'm actually doing this I sold coin when it hit the amount that I mark to buy, and bought it again when it the price that I mark to buy it and it's really profitable but you can only do this to coins that are performing well or above expectation in the market.
There is a risk if you are going to do this to pump and dump coins.

tvplus006

legendary

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To the Moon

Quote from: Ziskinberg on October 29, 2020, 02:19:00 AM

We can still be successful even holding, as long as you are not greedy you will find the best way to sell your holding.
It could be a cycle, where we will see a pump and dump, but we always see at pump.

Here's a simple example to prove that holding is an effective investment strategy.

Bitcoin before was price $100, if you buy and hold it until now, you can still sell it with a profit because bitcoin never goes back to that price again.
The problem is if we limit the price appreciation of bitcoin, that's where you think it will just move at a certain level only.

Holding is not a good solution for all coins. You can only hold the coins that are in the top and time-tested. Most of the coins after the pump, fell in price and never rose to the previous values. This is the reason why investors choose bitcoin for the long term, which is more stable among other altcoins.

trauchot

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This should be done especially with top cryptocurrencies, because top cryptocurrencies are constantly growing in price or falling in price, and when the price of top cryptocurrencies falls, you need to urgently invest in them, and when the price of top cryptocurrencies grows very much, you need to fix the profit and this whole process must be repeated many times.

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