I believe this is the way - page 4. | Bitcointalksearch.org

kentrolla

hero member

Activity: 1652

Merit: 569

Catalog Websites

Quote from: Squezzi55 on October 29, 2020, 12:40:26 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

Mate this has been followed by many even now, what you meant is even if you loss you can make money from the dip by buying it again, correct me if I am wrong. This strategy is going from decade's and this is what it is done in share Markets as well. However this was a useful tip and this will definitely help us to avoid loss.

Adreman23

full member

Activity: 1366

Merit: 107

SOL.BIOKRIPT.COM

Quote from: Squezzi55 on October 29, 2020, 12:40:26 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 problem on this strategy, what if - - here is the scenario you invest on a project you really believe in then the price shoot up and you apply this strategy thingking the price will go down but what happened is after you sold all your coins the price went up again and down a little then up again until you dont have any chance to buy back your coins on your desired price then you left out, and after that you found yourself regretting and saying to yourself 'if i only hold my coins i am rich today.'

Lhaine

full member

Activity: 742

Merit: 128

Coinbene.com - Experience Fast Crypto Trading

Quote from: vermigerous on October 29, 2020, 04:29:46 AM

I agree that you can't be rich in crypto business if you only plan to hold coins for years, however if your plan is to take profit whenever what you hold is doubled is a correct way of making profits to earn but not literaly being to be rich. Making to be rich in crypto space is luck, several investors done trough this however many investors failed compared to yhise who succeed. So, for me, whenever you have the chance of having a profit, take it.

Totally agree, there is no way that holding today can be as profitable as before but having 10-100 percent is possible as weekly profit ,so if you know that you can do that why need to wait . That's better strategy that we can use as todays time and not only by holding currency .just always take profit every time you give a chance to take it and move to other crypto and continue doing that multiple times .

vermigerous

member

Activity: 489

Merit: 16

www.cd3d.app

I agree that you can't be rich in crypto business if you only plan to hold coins for years, however if your plan is to take profit whenever what you hold is doubled is a correct way of making profits to earn but not literaly being to be rich. Making to be rich in crypto space is luck, several investors done trough this however many investors failed compared to yhise who succeed. So, for me, whenever you have the chance of having a profit, take it.

Greatchu

member

Activity: 490

Merit: 10

I don't have to be rich from crypto, I just want to make few profits and still have good portfolio, I don't want to end up with coins that are not useful for the public because I believe use cases is what keeps a project alive, watching my portfolio bleeds out and never recovering is the most painful experience you don't want to see, crypto is volatility but hunt for coins that recovers from red market once red market is over, majority of altcoins never remain the same after a long bear market

leea-1334

hero member

Activity: 2338

Merit: 953

Temporary forum vacation

It is not just a possibility,,, it is a very real outcome waiting to happen. Look all around us we are part of the 99% who are hodling and waiting thinking the whales will take us to the top but when the top comes we still hold. The whales dump on us every time.

I really think we have to just believe only in Bitcoin and keep using it to the maximum that we can. Forget altshits:)

Akiko

full member

Activity: 896

Merit: 198

Quote from: Squezzi55 on October 29, 2020, 12:40:26 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 for the sky 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

Not all coins can recover after the dump so if you think that every coins can bounce back when the times come then you understand it wrong. Most of the tokens or coins dump continuesly so if you think you bought it in deep then another deep happen and you bought a it's already a lot of lost on your side and you will never know if they can back to the price you are expecting to be .

Kvalentine

member

Activity: 504

Merit: 25

You can become a holder and still keep taking profits from every project that brings 2x or more, this crypto space is working in circles, there are times when the coin will surge and there are time when the coin will dump, just take advantages and keep repeating the process

so98nn

hero member

Activity: 2114

Merit: 603

I am not sure since when you are in the crypto space but what you just stated here is the traditional stuff!

What I mean is, everyone whose little bit old here knows this strategy of earning money. Mostly from the bitcoin investments. It's already known that bitcoin keeps fluctuating in between the prices sometimes it go skyrocket but still the formula is to keep the investment as it. When it's down, buy more, stock up the pile and keep holding.

Now, the plan here is to wait for more than 3-4 years which is pretty good time period due to the forking fact which comes every 4 year. It is a time when crypto always hikes a lot and then you can release your stock pile for highest available rates.

Francis Freeman

hero member

Activity: 1005

Merit: 502

Sovryn - Brings DeFi to Bitcoin

Quote from: Squezzi55 on October 29, 2020, 12:40:26 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 for the sky 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

What you are talking about is pretty obvious and sounds too easy but the real problem is in identifying what is really the sky for nay project?

What if you turn out to have sold out at a mini pump ? It all depends on the type of project that you are invested in , if it's a just a hype small term project or a project that focuses on the longer run.

Stanlo

full member

Activity: 952

Merit: 110

Quote from: bits4books on October 29, 2020, 01:34:36 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

Mahdirakib

legendary

Activity: 1946

Merit: 1026

In Search of Incredible

This is not a new thought. Many crypto investor and holder following this method from earlier. The people who does it perfectly stays in good profit always. But for doing this someone need to observe the crypto market with much effort. Cause it's hard to know when the price will reach high and how long it will stay at low while it gets dump. As a result it creates a lot of pressure to them. While you hold crypto for long term you can stay stress free most of the time. There are different kind of crypto holder. Some tries to make out profit within short time. And they follow the way, what you have described.

Anarchy101

legendary

Activity: 1316

Merit: 1004

Taking profit is key to being a successful trader. Once you start trading with emotions, greed sets in and, this greed can be really really bad for your portfolio because around 80% of the people lose money when they let greed take over. Happened to me countless times.

xSkylarx

hero member

Activity: 2366

Merit: 594

Quote from: Squezzi55 on October 29, 2020, 12:40:26 AM

Buy a coin and hold like you intended but take profits when the coin shoot for the sky 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.

The problem is some of us bought in the FOMO stage. We are being hyped that we bought at a higher price. Once that coin is not trending anymore it will take some years to sell it for a profit. I myself is guilty of that. I can't sell the coin now because it's half the price compared to when I bought it. I just hope that next year it will pump because of the recent adoption it got.

jessyj48

member

Activity: 756

Merit: 14

This is the best advice ever, some won't agree but I completely agreed because it has happened to me many times, holding coins since 2017 because I believe they will bring insane profits later but today it's like losing 3000$ to 3$, my portfolio bleeds out and the pain stuck in for months before I finally get rid of that bad feelings, if I'd take my profit then I would be in better shape today

umbara ardian

sr. member

Activity: 1358

Merit: 259

PredX - AI-Powered Prediction Market

I want to let you know that this is not just one way.

Quote from: Squezzi55 on October 29, 2020, 12:40:26 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 for the sky 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

With what you want to mention, I can immediately relate to the law of universal gravity. It's like sending your positive thoughts in return for the things you want. This also applies to me at work, not just crypto.

goaldigger

sr. member

Activity: 2422

Merit: 357

Don't attached too much emotion on your coins, it is meant to be sold so if there's a chance to take profit, do it. Holding still requires good skill because you have to know when to sell and buy again, don't just hold without a plan its too risky. This is a simple rule in holding good coins, because you might missed the opportunity if you are just holding without clicking the sell button. I do hold good coins but there's no specific time to sell, just an specific price and I don't want to be more greedy if the market already hits my limit, then I will sell.

Nekonoid

jr. member

Activity: 212

Merit: 1

Quote from: TanakabZX on October 29, 2020, 01:11:38 AM

Quote from: benthach on October 29, 2020, 01:05:24 AM

Quote from: Squezzi55 on October 29, 2020, 12:40:26 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 for the sky 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

you need to know people regret and start having problem to see their sold stock/crypto being shoot up then keep shooting up, people can handle with lose but people can't handle of what they could of have. no one can predict the future. think about these two scenarios.

People can handle loss but can't handle what they could have become? Bro half bread is better than none, I prefer having something on ground than having nothing, people who thinks your way are greedy people who will never be satisfied with what they have.

This is the reason why people continue to invest even in spite of losses. They hope to make profitable investments and to earn more money. Now many projects us PoS algorithm and offer to earn money on staking for token holders. To earn more it is necessary to learn more. This is an article about staking system https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

bits4books

sr. member

Activity: 854

Merit: 264

Crypto is not a religion but i like it

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.

Genemind

sr. member

Activity: 1596

Merit: 335

I learned this lesson the hard way. When I was new in crypto, I trusted it like crazy since I became active when the bull market started and thought there is no other way for the price but to go up. I HODL bounties that I believe for several months some stayed with me for a year. I lost a lot of opportunities to earn, and I am left at the lowest price unable to sell and make a profit from it. Sell when the price is roght and buy back at the lowest possible price.

Topic: I believe this is the way - page 4. (Read 871 times)