If going long, do you hodl or sell the dips and buy back lower?

tothetop

full member

Activity: 251

Merit: 101

Quote from: jackhulk on December 22, 2017, 09:34:04 AM

Hello

Purchase my first Bitcoin in October and gains have been crazy. Since then I have also purchased alts (Litecoin, Ripple, Bitcoin Cash, Neo, Ethereum). I was always going to go long, hodl for next five years at least and of course fully expected such dips. I'm wondering however for those that don't day trade, when these dips occur do you sell and buy back at lower price or simply hodl?

If I have an opportunity - why not to sell for buying at a lower price..
Of course it`s risky, you should carefully track the situation and don`t play for all the amount, it` just a diversification

kivo2004

jr. member

Activity: 71

Merit: 1

the market's been a bloodbath in the last few days. If you're not an experienced trader, I'd recommend holding for this shitstorm to pass.

Swenna

full member

Activity: 364

Merit: 106

Quote from: Rrita on December 22, 2017, 09:44:00 AM

Already sold all of my bitcoin and ethereum at 15 December and hold USD. today bought bitcoin and a lot of alt coin that i like.I think I did good work today.

Definitely a good work. It mush have been like Christmas shopping, but instead of spending it on gifts, you spent it on something that will give you a bigger profit. Nice one. As traders, we are enjoying the dip right now. A lot of altcoins at a lower price, even the bitcoin. Merry Christmas, indeed.

jackhulk

newbie

Activity: 14

Merit: 0

Quote from: paolo099 on December 22, 2017, 09:37:16 AM

as a small amount holders, transaction fees are killing me, i don't want to leave anything on exhangers so, having my dust on a wallet leave me in a sort of limbo.
Sending it to exchangers will cost a lot compared to what i have, then after some trading (with some luck to gain something) you have to send it back to the wallet, and some more fees have to be paid.
In 2018 i will change my tactic and somehow will find a way to keep some on a trusted exchanger for when this kind of dips occur.

I hear ya regarding fee, insanely high! Yesterday I made my first transfer from wallet to exchange and couldn't believe the fees which was something like £40. I selected a lower fee but then realised this the bad as never knew how long it would be delayed by! Two hours in, still not even one confirmation and because I wanted to purchase Bitcoin Cash quickly I purchase accelerator for hefty premium (should of seen that as a sign not to buy Bitcoin Cash!).

At first as this was my first send back to exchange I was going to send just a small amount worth £10... but the fee for this was £5, and that was considered low fee so still would have taken ages to reach exchange! How can Bitcoin survive long term with such high fees?!

naufals4

member

Activity: 574

Merit: 11

Quote from: jackhulk on December 22, 2017, 09:34:04 AM

Hello

Purchase my first Bitcoin in October and gains have been crazy. Since then I have also purchased alts (Litecoin, Ripple, Bitcoin Cash, Neo, Ethereum). I was always going to go long, hodl for next five years at least and of course fully expected such dips. I'm wondering however for those that don't day trade, when these dips occur do you sell and buy back at lower price or simply hodl?

Right now you can do now its just to wait for the dip, but if you got bitcoin right now sell the now(cutloss) and wait for the dip and wait for the right moment that BTC price is so low that you buyback your bitcoin and see it'll be to the moon again.

Rrita

hero member

Activity: 670

Merit: 512

Already sold all of my bitcoin and ethereum at 15 December and hold USD. today bought bitcoin and a lot of alt coin that i like.I think I did good work today.

An0nyMoose

sr. member

Activity: 490

Merit: 255

You are supposed to buy dips and sell on highs.

Any other advice is nonsense. I mean there is dollar cost averaging which posits that it is better to average the amount you buy over a period of time, but this is the same as buying all at once in the grand scheme of things.

I usually just have patience when prices are skyrocketing, it isn't the time to buy. You need to buy when there is market panic and take advantage of the poor investors.

paolo099

full member

Activity: 224

Merit: 101

as a small amount holders, transaction fees are killing me, i don't want to leave anything on exhangers so, having my dust on a wallet leave me in a sort of limbo.
Sending it to exchangers will cost a lot compared to what i have, then after some trading (with some luck to gain something) you have to send it back to the wallet, and some more fees have to be paid.
In 2018 i will change my tactic and somehow will find a way to keep some on a trusted exchanger for when this kind of dips occur.

jackhulk

newbie

Activity: 14

Merit: 0

Hello

Purchase my first Bitcoin in October and gains have been crazy. Since then I have also purchased alts (Litecoin, Ripple, Bitcoin Cash, Neo, Ethereum). I was always going to go long, hodl for next five years at least and of course fully expected such dips. I'm wondering however for those that don't day trade, when these dips occur do you sell and buy back at lower price or simply hodl?

Topic: If going long, do you hodl or sell the dips and buy back lower? (Read 158 times)