maybe I'm simpler if offering a promising project is to give a choice, namely long term or short term
let them choose and provide long-term and short-term education and simulations to make them understand the risks and projected benefits
One of the most important things is not to make him invest according to our wishes
Topic: in between the decision to hold or sell (Read 1584 times)
if i may know, what coin does your friend save? buy when the price is low or the price is high? If I personally am in the position of your friend,see that my investment has doubled then I prefer to get my initial investment and then hold the profit for the long term especially if I know that my hodling has very good potential for the long term.
In the current situation in the stingy market, it is very complicated to analyze the Cryptomarket and sell the crypto. I always think that the coin we are holding will be the right time, there will be no profit and the coin will go towards loss. Any coin hold kimba sell never becomes like our mind.
Of course that is the best way because every project has its own development, if indeed our analysis of the project is very good of course by holding the coin we can have the opportunity to sell it at a high rate or we can even sell it when ATH occurs at that time, if For new projects, I usually wait for the development of the coin to enter the market and at least 3 markets they have entered with large volumes then I will release my assets there.
if your friend is really sure to hold the coins temporarily up to a 25% increase, there's no harm in letting it happen. However, he must really have considered as well, because he is afraid that the market will actually go down. you can tell him to be more careful with the possibilities that might happen, advise him not to be rash and not to panic.
Its such an individual action that must be taken by your friend. Yes, as others have said if he needs money then obviously he must sell. Top tier coins can be held until the holders target is reached IMO. Sometimes its just better to get rid of a coin if its not really doing anything. Id rather sell off a stagnant coin and re purpose the funds into something more lively.
this is the right thing to do. We are just a friend, just a reminder, the rest is sure if he needs money he will definitely sell it.I also agree with you, if I hold a stable coin, I better let it go and see opportunities from other coins.
If you invest in a good project then it never hurts to continue to maintain until we can get maximum profit, because for now the price increase will again increase and hold on to projects that have potential is the right choice, but this all depends on our respective beliefs because not all our predictions are on target and if there is a decrease there is no regret that occurs.
Considering the situation of things and how urgent whether he needs the money to sort out some stuffs. I wouldn't have given him any advise better than you already did. And the reasons for that is not far fetched. If you advised him to sell and the following day the price of the coin goes up by a reasonable percentage, he will definitely put the blames on you. Having being the one that advised him to sell it. And if the price of the down came down vice versa, he might be thanking you also for advising him to sell it. But you did your best to make him see that the coin is a good one that has potential of doing good later in the future.
If you hold, you must see the boy coin and hold. If you can hold, you can benefit a lot at once.I can give you a list of some coins to hold. These are the coins that you will buy and hold
Bitcoin
Ethereum
Bnb
Etc. If you hold all these coins, you will benefit a lot in the future. So I think holding is much better than selling.
Bitcoin
Ethereum
Bnb
Etc. If you hold all these coins, you will benefit a lot in the future. So I think holding is much better than selling.
My answer is the same as your friend, if you already get profit, sell and if you don't get profit, you can hold. this is because so that we can take advantage of profit opportunities better than we sell at low prices, but we only become spectators when in the future the price rises
Selling when in profit ain't a bad idea in my opinion, but sometimes you might just realise that you sold too early, AXS was at $4 a few months ago and a friend of mine sold his bags since he was in profit like you said, but check out the price of $AXS today it went to $75 , I just wonder how it would have been if he never sold too early, since we can't predict the future it hard to know when to hold or sell off. 
having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
I think his decision was very good. 25 percent should be left before selling anything. It has been observed that if the price of a coin increases sufficientlyI think his decision was very good Then he will be able to recover from that 25 percent. So I don't think anything should be sold out. Keeping it old even if it is 25% is only for recovery when the market grows 
Before deciding on holding or selling a coin or token, I think two Important factors needs to be considered as that is what I believe will guide the user or investor, the first is holding a good coin, this is because by Investing in a good coin, you will have the confidence to hold while holding another sort of coin, your mind will be in your portfolio and once dumping sets in, you will rush to sell. Secondly, another thing to consider is a selling point or what I call a target price; if you don't have a target about a coin, you will just be holding even when you are to take profit and invest in other coins, you won't be able to do so, because you don't have a target.
Therefore, having a target and holding a good coin, one can be able to know when to hold and when to sell. Anyone holding a pump and dump coin, or a coin whose team are only good in hyping it without presenting anything good, the person is ought to know when to sell, but for coins whose team are actively working, the investor will be encouraged to hold but with a clear mindset.
Therefore, having a target and holding a good coin, one can be able to know when to hold and when to sell. Anyone holding a pump and dump coin, or a coin whose team are only good in hyping it without presenting anything good, the person is ought to know when to sell, but for coins whose team are actively working, the investor will be encouraged to hold but with a clear mindset.
having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
I will also say the same thing as you, if you don't need money urgently it's better to hold on and wait for the right time to get bigger profits. because it would be very unfortunate if you rush to sell without any other plans.but it all depends on what coin is held by him if the coin has the potential to get a higher price of course it is very good to keep holding it but if the coin is very small the opportunity to get a bigger profit it would be better to sell it and choose a coin that other potential for profit.
I will hold some altcoin when price dump and not any decision to cut loss, waiting until price recovery and get profit looks as winner for me and never have way for using stop loss in my trading. Depend with some trader because any trader want to use stop loss and looking recovery with other coin or buy back under lower price, I know is good but I like with holding than cut loss.
I think you made a very good decision for your friend. You helped him make his own decisions. It is difficult to make an exact decision about crypto. Rather we can give him a better idea about the project that you have done.
if your friend is sure of his choice why not, it doesn't matter. it's better to profit little by little than to lose because you sell below your purchase price. But if you are still patiently waiting, it's better to hold the coin for a while. Hold is definitely much more profitable but requires extra patience. many investors have to sell cheap and lose money because of the sudden pressure of money. Therefore, it is also important for your friends to consider their primary interests and other interests.
Everyone has a different profit target, so if someone decides to sell their coins only for a small profit, that's not a problem. Because small profits
if collected patiently can be big too, or there are people who choose holding because they can be patient waiting for big targets to be achieved.
That too can be done, most importantly we do not sell coins below the price we bought. Don't sell coins out of panic and follow other people's advice,
we must be able to make our own decisions depending on the results of our own research and analysis.
if your friend is sure of his choice why not, it doesn't matter. it's better to profit little by little than to lose because you sell below your purchase price. But if you are still patiently waiting, it's better to hold the coin for a while. Hold is definitely much more profitable but requires extra patience. many investors have to sell cheap and lose money because of the sudden pressure of money. Therefore, it is also important for your friends to consider their primary interests and other interests.
Good advice, but we don't know what coin your friend is holding, If I become your friend then I will first see the profit now, when a coin and has a satisfactory profit I will sell it for a while and will not waste profit already in hand.
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That's true, but you should choose a coin with a big marketcap like the current top 100 to 200 coins.if a coin has reached a new ATH then the coin takes a long time to reach a new ATH again, because the market situation is very difficult to predict, then the advice you give is Hodl.
Hodl is good for long term investment, but you need to give it time to make a decision when selling it.
It depends on the person itself if he really needs the money then he can sell some of it and hold the remaining if he's didn't need it and the market shows continuation of the uptrend then it's good to hold it, if that's me that's what I'm going to do.
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