Only you can decide whether to hold the token or sell it. Whenever you are taking a trade, you should always have a target (take profit) and a stop loss predetermined. This will help guide your decision making. You should only sell went the price get to your stop loss price and also hodl till price get to your take profit. Simple!!!!
we have to follow our trade plan that setted before. many traders still easy to influenced by popular figure. they dont believe with their own analisys eventhough their posiiton was right. we have two option in our position , hit stop loss or hit our target profits. as long as we have good risk management this should not be problem for us. 
Topic: in between the decision to hold or sell - page 3. (Read 1723 times)
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 would respond the same words that you had said into your friend which if he do sees for a project that to be worth of then he should hold but if not then he should sell but in the end of the line it would be still varying or depending into his decision since its his money after all.Just dont give out some conclusions or assurances towards on the decision that he would make or be the one to decided for him because if things turns out to be bad or wasnt the thing that he do expect then you would really be mainly to be blamed off and this is why its better not to give out some assurance or conclusions and just let him to decide on his own.
We do have different takings and views towards certain projects in the market.
Only you can decide whether to hold the token or sell it. Whenever you are taking a trade, you should always have a target (take profit) and a stop loss predetermined. This will help guide your decision making. You should only sell went the price get to your stop loss price and also hodl till price get to your take profit. Simple!!!!
So he never gonna cut the loss, better to HODL till reaching the profit point. This is a wrong assumption, the same person can triple the investment if he can cut the loss and reinvest at the right time. Timing is as important as the buy/sell or entry-exit points, IMHO.
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.
Sell if you are in an urgent need of fiat, otherwise holding is suggested. Or sell and buy other altcoin or Bitcoin, if you really feel like you should do it, you have made a proper research and get some profit from buying your particular cryptocurrency. Otherwise there is no point to sell.
I know it is hard to resist the greed, but selling just to have feeling that you have fiat is stupid. Specially if you do nothing with fiat. I would hold, because it looks like we are getting back to $50k, and maybe the $55k-60k can be reached by the end of the year.
I know it is hard to resist the greed, but selling just to have feeling that you have fiat is stupid. Specially if you do nothing with fiat. I would hold, because it looks like we are getting back to $50k, and maybe the $55k-60k can be reached by the end of the year.
tell your friend ,Sell some when the daily RSI gets high, then buy back in on the sell-off, you'll average up but you'll also take profits and if it turn into a falling knife you've already pulled out.
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. ??
That was a difficult decision if have someone asking you like that because maybe it was your fault to tell him holding that coins or sell it, But on me maybe I was doing the same also and make sure the coins want to hold is a trusted coins that could be have a chance to rise. It was better also to sell it if we think that coins has no reason to improve or to develop more because in the time comes that coins would become a shitcoins if you don sell it early. 
If you believe you are making a sufficient profit, then selling it is the best option; don't be too eager to make a large profit because you may incur a loss; this will really harm you, even if it is vital to make a small profit. Every minute will be crucial afterwards.
That's true, but selling when the market is moving upwards with conditions that are very likely to get more is also a mistake because after that we have to hope for a decline again in order to buy back at a low price so we have to spend some time waiting it happened
If you believe you are making a sufficient profit, then selling it is the best option; don't be too eager to make a large profit because you may incur a loss; this will really harm you, even if it is vital to make a small profit. Every minute will be crucial afterwards.
This is crypto so price pumps and dumps in minutes. That's why I always suggest people to not be greedy and set your target if it has hit that then you should take your all money out of that coin. I have learned this from my experience and I believe this will be good decision for every trade.
the decision to sell or hodl an altcoin depends on what profit target the person who bought the altcoin hopes to achieve depends on what the target loss vs. time the person will be able to sustain. it also depends on the needs that the person will have in the real world. it doesn't make any sense for a person to hodl and not spend their altcoin, it doesn't make sense for a person to hodl for a long time from an altcoin that isn't making a profit and the person deludes himself that a few years from now the altcoin will make a profit. there must be limit to do hodl
Yes, it is a law of economics when there are more and more goods and everyone can get them in a very easy way, then the price will certainly not stay at a good number and even tend to always experience a decline in prices.
but if the demand can keep up with the supply because of the project is good then its gonna be no problem like doge, it have really many total supply but can still keep the price high just because people think its deserve that value. the price always follow the hype i think. 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. ??
Where did you get the information that the token is good and why don't you mention the token in this post, even though we can discuss each other about the token you mentioned. I'm afraid if this goes wrong, then the person holding the token will lose trust in you.
Indeed I can understand that you do not give full advice to the friend, but psychologically he has entered into the understanding you have given, this we often encounter everywhere, everyone does have their own analysis in giving views to others. people, but this is very influential if the token experiences a decrease in the selling price in the future.
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.
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, 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.
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. ??
Your approach is correct. We can give our friends some suggestions, but we must let them make their own decisions.However, if it is a long-term value coin, it is recommended not to sell it. If it is necessary to use money, do not completely withdraw the funds.
Generally, when I invest and sell coins, I will not sell them completely, but will keep a little bit. I think this is my personal habit, and I will continue this habit.
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.
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 also have friends who ask me these questions from time to time and I always tell them that if they believe that the project will do well in the long run then should hold instead of selling now for tiny profits and cry later when the coin pumps 10x from their sell off price, a project with a good utility will always pump in the long run, but shit projects eventually die since there isn't any good utility or incentive to keep it alive, so the answer would be sell if you think the project is dying, then hold if you believe the project will be a blast in the 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. ??
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.No safe point unless your knowledge is pure enough to anticipate where the market will go,
though it's really hard in the sense that there are many obstacle inside this market.
Considering those whales that really affecting or influencing the market, they are the one who really good in understanding the sentiments
as they continue collecting lots of money from this industry.
what you say is true, but also pay attention to the supply issued by a company as well. if it has a lot of supply then it is not right to continue to hold it even though it is produced from a good project. because a large supply does not promise good prices last longer.
Yes, it is a law of economics when there are more and more goods and everyone can get them in a very easy way, then the price will certainly not stay at a good number and even tend to always experience a decline in prices. Jump to: