in between the decision to hold or sell - page 2.

leea-1334

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Quote from: Macadonian on August 05, 2021, 12:08:52 PM

Always hold Bitcoin and sell Altcoins when you have hit your goal. Bitcoin will make you rich if you can hold long enough but altcoins are a phase which dies out and a lot of the coins being released are scams beware of that. I recommend investing most if not all of your money into Bitcoin because it is likely that it will continue to rise in the long term. Altcoins are dependent on the perception of the other investors and could dump at any time.

Hold BTC and sell alts, is exactly why people should never be fooled by the dominance statistics too. Because when alts pump and money pours into them of course Bitcoin loses market share. But you are correct for sure. If you do enter alts, it is purely to capture profits during pump. Bitcoin is the only one you set very very long term targets for:)

jeungo

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Everything is said correctly, you cannot give direct advice if you do not have internal information that accurately answers the question. I don't think you are part of the whale community. Therefore, the maximum that can be advised is to voice two versions, a good project, and keep your finger on the pulse, perhaps that's all.

Farma

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Quote from: Macadonian on August 05, 2021, 12:08:52 PM

Always hold Bitcoin and sell Altcoins when you have hit your goal. Bitcoin will make you rich if you can hold long enough but altcoins are a phase which dies out and a lot of the coins being released are scams beware of that. I recommend investing most if not all of your money into Bitcoin because it is likely that it will continue to rise in the long term. Altcoins are dependent on the perception of the other investors and could dump at any time.

well, there is no doubt that the trigger for a very high altcoin price increase is the bitcoin price being very high. however, holding bitcoins is a very good thing to have in large quantities. however, the price changes that usually occur are so large, that it is not suitable for those who use the money they use for their living. however, if you want to hold on for a long time, don't use money, or assets that you still need.

Cappex

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Quote from: goolesby on August 06, 2021, 01:30:00 AM

Monitor Lowest and Highest Prices Daily. On the Bitcoin Dashboard, you can see the lowest and highest prices of coins in a certain time range, you can use this data to estimate the lowest and highest prices the next day.
Read the news about the coin. the coin can go up if many people use it, the coin can also go down if many people sell the coin.

Personally I choose projects where I know the communities and talk to the team, this allows me to have a different judgment from the technical analysis because an update of the project could change and generate Hype.

MonaLeeTracy

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Quote from: sherenikaw on August 05, 2021, 06:33:14 PM

Personally, Before selling or holding any coins that I have i will look at the market first. If indeed the market is going down and continues to fall I will hold it because if I sell it then it will only give a big loss. Although I realize it will take some time to hold onto it until the crypto market recovers, but it is better than selling it at a low price. On the other hand, if the market is going down it's a good time to buy a coin at a low price and hold it after that. But we also have to be able to choose coins that have good prospects to hold. Be a good holder where we can decide the right time to sell it.

I have the same principle as you. I will look before selling of course I have to look at the market first. If the market conditions are down and continue to fall, it's better to lose the feeling to try to sell, it's better to hold it, if you sell you will get a big loss. but in this condition, many investors cannot control their emotions when prices fall and continue to fall, they will compete to sell because it is better to lose a little than to lose a lot, that's part of their principle.

memed97

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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. ??

to hold a coin I think it depends on what coin he is holding at the moment, if the coin has great power to increase its price, I agree to hold it, the important thing is to be ready to take risks if in the future it doesn't happen as we want, a good step that must do if you make a profit immediately sell, don't be too greedy because crypto does not guarantee that the price position will always be at a safe point.

tarable

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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. ??

If your friend chooses to hold coins until this month, which is August, then your friend's wish (25%) has been achieved.
But you don't say what coins he has. If the coin chosen to hold is a junk coin, then it is foolish to make that decision. Vice versa, if what is held is a good coin, then he is a lucky person.

konflikkastil

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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.

Rigon

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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.

minime0105

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Quote from: ?? on ??

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.

Shallow

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SmartFi - EARN, LEND & TRADE

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.

projapoti

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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.

Shasha80

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Quote from: Qirtov on August 12, 2021, 10:32:30 AM

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.

Qirtov

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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.

Pelana vreo

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Syntrum.com

Quote from: ije07 on August 09, 2021, 01:10:10 PM

-snip-

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.

john_nautica

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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.

CaptainCrapper

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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. ??

It depends on the type of coin so I can say if you hold BNB or other own block chin coin I will tell you plz hold it and if you tell another meme or valueless coin then I will advise you plz when pump more sells it and when down market then buy it that's the strategy.

suryana

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Quote from: sherenikaw on August 05, 2021, 06:33:14 PM

Personally, Before selling or holding any coins that I have i will look at the market first. If indeed the market is going down and continues to fall I will hold it because if I sell it then it will only give a big loss. Although I realize it will take some time to hold onto it until the crypto market recovers, but it is better than selling it at a low price. On the other hand, if the market is going down it's a good time to buy a coin at a low price and hold it after that. But we also have to be able to choose coins that have good prospects to hold. Be a good holder where we can decide the right time to sell it.

This is a good principle mate . Don't let us sell our coins when the price is still low, causing big losses for us. That's why it's important to have spare money for personal needs so that the money in the coins is still stored and waiting for the price to rise.

wmaurik

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Quote from: nicolas1979 on August 11, 2021, 05:09:59 PM

Cryptocurrencies have both bullish and bearish trends. Where during a bullish trend we can hold and sell when it reaches the top. But when Bearish starts to appear, we have to sell immediately, we even have to set up a sales system with the OCO system on Binance, if you use Binance.

And the problem is that not everyone can know when and at what price the peak of the bullish event occurred, because if this could be very easy to know, then everyone would be ready for it, and vice versa when the bearish trend came, for those who had time to sell more the beginning is ok, but for those who sell it late, they definitely have to wait for the bullish trend to come again, or use other capital to buy coins at the lowest price in bearish conditions.

nicolas1979

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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. ??

Cryptocurrencies have both bullish and bearish trends. Where during a bullish trend we can hold and sell when it reaches the top. But when Bearish starts to appear, we have to sell immediately, we even have to set up a sales system with the OCO system on Binance, if you use Binance.

Topic: in between the decision to hold or sell - page 2. (Read 1723 times)