in between the decision to hold or sell - page 11.

meysonYo

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Quote from: ZAINmalik75 on May 13, 2021, 01:52:35 PM

I think you must hold you coin because you can observe that all market are bearish in previous few weeks .
So the best option will be that you hold your assets because if you sell it in loss its not fair. So if you hold it difinitly market will be bullish in upcoming months and you will got much profit easliy

If you think from a long-term perspective, then of course you are right. But today there is a high probability that the market will continue to fall lower. And in this case, your position will not be a winning one, compared to traders who will go to usd.

ZAINmalik75

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I think you must hold you coin because you can observe that all market are bearish in previous few weeks .
So the best option will be that you hold your assets because if you sell it in loss its not fair. So if you hold it difinitly market will be bullish in upcoming months and you will got much profit easliy

suryogandul

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Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

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. ??

before I will ask your friend, what coins does he hold? if the coin is good and has potential, then it is worth holding but if the coin is not good, I say sell fast and switch to other coins with more potential. because we are not only talking about sell and hold, but also how to analyze the potential of existing coins

m. yasir

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I thought it would be better to be hold. Seeing the current situation Prices continue to increase, especially if you have an old altcoin with a quality project that continues to grow, you should hold it as a long-term investment.

Atang Sulaeman

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Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

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. ??

maybe if only he had asked me I would have answered, to let him go if his profit had been reached, or to hold him back to ashes. because I myself also hold it until there are coins that are profitable and some become dust.

Pelana vreo

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Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

-snip-
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. ??

If your friends have top coins like those on the Coinmarketcup list or new coins that your friends think have a good future, then you can use the DeFi platform to borrow money and pawn their crypto coins.
There are many decisions that your friend needs to think about, if he doesn't want to lose too much, then sell all the coins he has and return with the initial capital, do trade for profit.

finaleshot2016

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Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

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. ??

The response is based on the coin he is investing in, as some are truly worth hodling for years. I've put a lot of money into altcoins, and I'll tell you that I'm going to keep hodling until it hits or breaks through another ATH. Re-entry isn't a smart way to act on risky situations like selling on highs because it keeps going because it could get rejected, a dip is still a good spot to buy, right? FomoOMO is our number one foe; don't let emotions influence your decisions or you'll lose a lot of money.

TP or take profit - if you want to gain on some coins that won't breakout.
Hodl - if the coins have a huge potential of breaking out.

The conclusion is, make some TA. It will help your decisions.

..or go to the tradingview and find some TA about your coin.

Dump3er

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Quote from: Kasabus on May 11, 2021, 06:19:09 PM

Quote from: xSkylarx on May 11, 2021, 06:09:36 PM

Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

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. ??

Sell half then leave the other half for long term. Time will come that the coin you are holding has a possobility to go lower than the price you bought it when bear market happens. Selling half means you will be able to have buying power at a cheaper price or any other coins on sale on that moment. Waiting for more gains will just leave you at a disappoinment if that coin is aleady at its peak and it dumped after few days.

If your friend is really in need of money, its a good decision to sell half of them and leave half for long term hold. We all have different views when it comes to selling and holding and it's quite hard to decide for your friend because its his own investment and not mine.

Good thing OP you leave him for his final decision. If he sees good profits already, he can sell his coins but i bet if the coins has huge potentials, he can make more profits in the future only if he's willing to hold it for years. Patience is all that matters.

Couldn't he even take out a collateralized loan? There are a couple of services offering collateralized lending but I don't know how complicated it is to go through the vetting process and the KYC requirements. I would expect that to take a while until you actually have the money you need.

Kelvinid

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Quote from: cabron on May 11, 2021, 05:28:25 PM

Quote from: ?? on ??

I think it depends on the coins he is holding, if the coins he is holding are good coins or have bright prospects for long-term investment, then he can hold them, but if the coins he is holding are shitcoins then he better sell them and buy coins that are good, such as ETH, BNB, etc.

His friend could be holding a good token. There is no reason why he would have doubts whether to sell or not if the token doesn't have the chance to perform well and that he can profit exponentially.

You just don't know when the team of the project could turn rogue though. If that is what he thinks to which the token has;t rise up after 3 months of its development phase despite the updates, I say sell it for another token like ETH.

That he finds his portfolio is definitely growing since we are in the bullish season but we don't be confident that everything will the same as of today. We have to think about any possible dumps which certainly be coming soon. If we want to keep safe and get those profits while it is still there, selling is a good decision to take. Because for me, I don't hesitate to do it if that already satisfying for me. I don't have to experience again what I did last 2017 Bullrun.

tanjiran

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Quote from: Hannahanto on May 11, 2021, 05:56:28 PM

Sometimes we really get confused on making decision to sell or hold a coin, most times we just sell off and the coin double or hit x10 of the price we sold and we sit back and regret selling.
snip~

that's how humans always feel inadequate even though they have already made a profit. if we have self control, regret will not affect our mental too much. Besides, we have to train ourselves that changing prices is a natural thing, so don't think too much about it if we sell too fast, if it drags on in regret we might miss another opportunity. so don't give up, move on immediately and re-analyze the market to get better opportunities.

Kasabus

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Quote from: xSkylarx on May 11, 2021, 06:09:36 PM

Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

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. ??

Sell half then leave the other half for long term. Time will come that the coin you are holding has a possobility to go lower than the price you bought it when bear market happens. Selling half means you will be able to have buying power at a cheaper price or any other coins on sale on that moment. Waiting for more gains will just leave you at a disappoinment if that coin is aleady at its peak and it dumped after few days.

If your friend is really in need of money, its a good decision to sell half of them and leave half for long term hold. We all have different views when it comes to selling and holding and it's quite hard to decide for your friend because its his own investment and not mine.

Good thing OP you leave him for his final decision. If he sees good profits already, he can sell his coins but i bet if the coins has huge potentials, he can make more profits in the future only if he's willing to hold it for years. Patience is all that matters.

xSkylarx

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Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

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. ??

Sell half then leave the other half for long term. Time will come that the coin you are holding has a possobility to go lower than the price you bought it when bear market happens. Selling half means you will be able to have buying power at a cheaper price or any other coins on sale on that moment. Waiting for more gains will just leave you at a disappoinment if that coin is aleady at its peak and it dumped after few days.

Hannahanto

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Sometimes we really get confused on making decision to sell or hold a coin, most times we just sell off and the coin double or hit x10 of the price we sold and we sit back and regret selling.
The best thing to do is to gather enough money for your up keep so you won't be moved to make use of some important coin, the more you spend less the more coin you'll hold, the main reason we sell is because we ran out of money and we have no option buy to look back to our holdings. Is very important to eat less and save more I'll say, that little coin you look than on today can become your ticket to a million dollars in future.

NorvsGanda

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Quote from: tabas on May 08, 2021, 05:25:44 PM

Quote from: Tomiwa_akin on May 08, 2021, 03:59:13 PM

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. ??

Just tell him if he's satisfied with the profit that he's about to take with that project, he should sell. But if he's believing on it in the long term, he should at least hold it and give it a chance.
We're in the altcoin season and this isn't going to last long as long as it's there, you get your profits and don't regret upon selling when you've taken your profit.

That is right. That is why setting a target profit is very important especially now that we are in alt season wherein pump and dump coins are everywhere. Also, being updated, informed and knowledgeable about your holdings will give you great profit and income.

arapgeceleri

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I do not think much about the investments of those around me. everyone's investment is under their own responsibility. I don't want to mislead people. If I say sell with 80 percent profit, she might be mad at me why I didn't get 90 percent profit. People are greedy and love to blame someone else. whether he wants to sell it or lose money, but decide it himself. Manage your own investment. I do not give any idea to anyone, I do not interfere with anyone's investment.

KimmyF

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Quote from: ?? on ??

I think it depends on the coins he is holding, if the coins he is holding are good coins or have bright prospects for long-term investment, then he can hold them, but if the coins he is holding are shitcoins then he better sell them and buy coins that are good, such as ETH, BNB, etc.

Just suppose, we have had some "Cartesi" or "Ferrum network" since last year. Now what will you do, hold it more until the last quarter. Because both the projects are really good for me. 5k or 10k percent are really very high pumps, so my advice is to sell your tokens during the next pump. One coin can't make you very rich at a time. So many altcoins prices are below ROI and ICO.

cabron

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Quote from: ?? on ??

I think it depends on the coins he is holding, if the coins he is holding are good coins or have bright prospects for long-term investment, then he can hold them, but if the coins he is holding are shitcoins then he better sell them and buy coins that are good, such as ETH, BNB, etc.

His friend could be holding a good token. There is no reason why he would have doubts whether to sell or not if the token doesn't have the chance to perform well and that he can profit exponentially.

You just don't know when the team of the project could turn rogue though. If that is what he thinks to which the token has;t rise up after 3 months of its development phase despite the updates, I say sell it for another token like ETH.

Hypnosis00

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Quote from: kapalmabur on May 11, 2021, 05:03:46 PM

Quote from: Princeofpoetry on May 11, 2021, 04:51:41 PM

what you said is correct. because basically the decision to hold and sell is up to your friends. I would suggest to him/her to hold the top coins by selling little by little while for the new coins I would let him/her choose between selling or holding

Looking at the current conditions I think it's better to hold on to it,
in crypto it is quite difficult to make decisions because if we just make decisions, of course we can lose profits,
we need analysis so that the steps we take are not wrong

It wasn't hard to make decisions if you already have a plan, just follow on it and you will be fine. But most of the time we have been brag by the news(FUD's) around that could affect our mindest. Importantly, we have to think twice or even more before making a decision and we should have to analyze the market so well because a single mistake could make you lose.

But in the current situation, we have not to waste this opportunity. We have sometimes to know about being contented, the price is good and I know we are already in the profit, then selling is the best option than to hold.

v3liana

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I will just give my point of view about that coin, if she still want to sell it then i don't care because isn't my investment. If i say "You should wait and the coin will to the moon" or something like that and market crash then he will blame me because of that, so i better keep quiet and just give my netral opinion.

kapalmabur

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Quote from: Princeofpoetry on May 11, 2021, 04:51:41 PM

what you said is correct. because basically the decision to hold and sell is up to your friends. I would suggest to him/her to hold the top coins by selling little by little while for the new coins I would let him/her choose between selling or holding

Looking at the current conditions I think it's better to hold on to it,
in crypto it is quite difficult to make decisions because if we just make decisions, of course we can lose profits,
we need analysis so that the steps we take are not wrong

Topic: in between the decision to hold or sell - page 11. (Read 1723 times)