I think that a wise way to address it would be for everyone to make their own research and if it possible to spend a bit of time around charts and indicators (they are practically talking).
Emotions are not really a good thing when it comes to selling for profits.
So the more you know about any coin that you hold, the more clear and accurate predictions you can make about it.
Topic: in between the decision to hold or sell - page 13. (Read 1718 times)
The movement of each coin in the cryptocurrency market is different. So if you shared the name of the coin here, you would get the best suggestion.
However, if you want to hold top altcoins like ETH, BNB, ADA, you can hold them. This is because pumping of other altcoins is more likely to start after ETH. As a result, holding a coin is more likely to make a profit.
However, if you want to hold top altcoins like ETH, BNB, ADA, you can hold them. This is because pumping of other altcoins is more likely to start after ETH. As a result, holding a coin is more likely to make a profit.
If you want to take a big profit then it would be nice to keep the coin in the future, but the coin you hold must have the potential so that it will not become an ash coin, if the coins you hold such as BNB, ETH and some other top coins then never hesitate to reap huge profits in the future.
It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.
I really agree with you, because here about trading someone's luck, because when we give advice to hold it, then in between other times he really needs money suddenly and the market price at that time is also low, that's when you will lose. trust your friendsAnd if the friend follows your advice and goes sideways, that would be a problem. Better tell him to follow his instincts, because the market is very volatile, it is quite a challenge to give an accurate advice. Let him decide on his own about what to do with his funds, at least, whatever happens afterwards, he can't blame you. Even if he is a friend, it is still not good to give him advice in this type of market. Maybe you can give some pointers to him but not really telling him what to do with coins.
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. ??
It varies from project to project. Some large cap coins are worth holding for long term but if anyone have invested in low volume coin, he should book profit from it as soon as it reaches a certain price target.
You should know money management and portfolio management, if you want to earn money from trading crypto.
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. ??
What coin do you mean buddy? If it is a coin that is popular and strong in crypto such as BTC, ETH, and BNB, you better keep it longer for future profits because its credibility has been tested, but if it is a coin that is not very popular you better observe the existing charts and determine when you can take advantage of it at the right time
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I understand perfectly, I have a friend like this too, he's pretty new to crypto currency and am the one who introduced him, so he pretty much depends on me for all he's decisions, one thing I've always tried to make him understand is that he shouldn't depend on me for all he's decisions cus am just human as he is, they way he feels about a coin before asking my opinion is pretty much the same way I feel about the same coin, so he should learn to make decisions for himself.
Why I adviced him like this is because we all know that things are very tricky and hard to predict when it comes to crypto currency, if I always tell him straight what to do, he will pretty much depend on me for a very long time, and along the line, there is a pretty high chance I might go wrong in one or two of my decisions for him, if as a result he looses money, I will be the one he will pretty much blame, this is why I have to by all means, make him learn how to make decisions for himself.
Why I adviced him like this is because we all know that things are very tricky and hard to predict when it comes to crypto currency, if I always tell him straight what to do, he will pretty much depend on me for a very long time, and along the line, there is a pretty high chance I might go wrong in one or two of my decisions for him, if as a result he looses money, I will be the one he will pretty much blame, this is why I have to by all means, make him learn how to make decisions for himself.
It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.
To be sure, don't easily believe what people say and it's better if you really need advice or a solution, ask a competent person,but if we really understand I think there is nothing wrong with us giving suggestions it could be that it helps,
apart from that all in my opinion it comes back to their respective decisions
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. ??
It also depends on the coin which your friend has invested in. If it is not one of the commonly known cryptocurrencies, then it's better for him to do a good research about that coin to have some idea about whether it can continue to increase. Because there are so many not-promising projects existing in this market.
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. ??
Well, holding and selling would always rely on what coin you are currently investing with. If that coin is currently in a bull run, therefore holding would be a better idea because the chances of having your investment increasing is very more likely to happen but if the coin seens to be experiencing a massive dump as you observe the price movement, selling would be able to save you a lot of money for sure. It is actually a risk once you enter investment in crypto, you cannot always get the right guess and you will make mistakes sometimes so be careful on your decision making so you can avoid having regrets. 
Make the first warning ⚠️
When you trading crypto, you're ready that your money gonna to loss
Between hold and sell, I'm prefer hold because when you decide to sell, you're already lose in fight for profit!
When you trading crypto, you're ready that your money gonna to loss
Between hold and sell, I'm prefer hold because when you decide to sell, you're already lose in fight for profit!
It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.
I really agree with you, because here about trading someone's luck, because when we give advice to hold it, then in between other times he really needs money suddenly and the market price at that time is also low, that's when you will lose. trust your friends
In my opinion, it depends on the type of coin, if it is good like bitcoin, etherium and the like, then it is better to keep the coin, but if he has a lower coin and sells it and is interested in buying a higher coin than he has, it's also better for her future.
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. ??
Frankly speaking I believe I would have looked at some option I would advice myself on before I decides to hold a coin or sell it of.
The reason i bought in the first place was to make profit, like one of the coin I am currently HODLing, I have taking profits 3 times already why, because I have made more than 8x my initial investment on the coin plus I needed money and still continue to trade and increase whats left.
If the coin is not worth hodling for a long time, I would cash out completely so you dont end up losing what you have gained already.
personally, if I am in need of money immediately I will sell half of it then I will hold the other half if the coin has a good prospect to hold. We don't know how much the market price increases, it can go up or down, so we have to check the market regularly. to make a decision is difficult, so it would be better if we make decisions carefully and according to our needs.
It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.
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
I agree with you, but there is a little extra from me, a little advice if our friend has made a profit from the coins he holds, he should sell half of the assets he has, because if the altcoin goes up again, he still has half of it, and can resold at a higher price than before,
I agree with you, but there is a little extra from me, a little advice if our friend has made a profit from the coins he holds, he should sell half of the assets he has, because if the altcoin goes up again, he still has half of it, and can resold at a higher price than before,
If I were you, first I would see what coins my friends hold, if these coins are coins that have a large market cap I would recommend holding for the long term, while saying that if a crash occurs don't panic to cut loss but keep holding the coin, because surely the price will return even beyond the previous ath.
The choice is his not yours OP, even if the coin turn 200% profit after he sold his coins that's his problem not yours because even if he listens to you and something bad happens later trust me he will take it on you saying he confused him not to sell, I've been there before that's what most friends do
the decision is entirely in the hands of the altcoin owner himself, whether it is a loss or experiencing a gain, only he will feel it himself, whatever decisions that have been taken today should never be regretted in the future. The crypto market is moving so fast that we don't know what will happen, even for the next 1 hour.
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