in between the decision to hold or sell - page 6.

gwdf1

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Quote from: Tomiwa_akin on May 08, 2021, 04:59:13 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. ??

You shouldn’t give any finance advice, moreover if you are also just an amateur in this game.
Not to hesitate about such things, I just follow my strategy of buying fundamental currencies regularly and then hold them. Personally I am going to sell my assets maybe only in 5 years when I see a new big bull run. But it will be only in case I need money and I will not sell all, just a little bit to get profit.

Kiley33

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If you are not in a hurry to spend money, I suggest not to sell in a hurry. If you feel that the coin has no value, then you can wait until the price reaches the profitable price you imagine before you sell it. However, the cryptocurrency market has changed a lot, and it is often unresponsive. It may reach its highest point or drop to its lowest point soon.
But you still have to judge the sale by yourself, don't tell your friends when to sell and when to buy. If you let him sell and the price of the currency rises, he may blame you. If you ask him to buy coins and the price goes up, he might thank you. If the decline is severe, even friends may not be able to do it.

wheelz1200

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Quote from: Tomiwa_akin on May 08, 2021, 04:59:13 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. ??

Some people like to dollar cost average in, there is no harm dollar cost averaging out to. Meaning don't dump it all and miss a possible uptick. Sell bits and pieces on a scheduled timeline. It takes trade emotion out of it and protects you from dumping and then missing that next pump. Nothing wrong with selling when it's a pessimistic market (or you at least look at it like that).

nomenclatur

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if you feel that you are getting enough profit, then selling it is the right opportunity, don't ever be eager to get a lot of profit because you might get a loss, it will actually hurt you, even though it's a little bit important to get a little profit. every moment is very important later.

mhine07

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Quote from: Tomiwa_akin on May 08, 2021, 04:59:13 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. ??

There is no specific date or time to sell or hold cryptocurrencies, and its is difficult to make decisions if haven't experienced anything about selling or holding some assets for you to gain profits from them. It is wiser to do some research in which coin to hold and sell before engaging to decision because when you decide and done it, you can not bring it back again, thus it it will be a lesson for in the future of what you have decides.

wmaurik

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Quote from: kak uli on July 25, 2021, 01:55:40 PM

if at this time I prefer to hold my assets in the wallet, I will wait for the best time to release my assets. I think now is not the right time to sell the various altcoins that we have.

The exact time to release assets is also very difficult to know when, because most people when they see their assets are at ATH, they tend to think of another increase without considering a decline that could occur at any time.

kak uli

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if at this time I prefer to hold my assets in the wallet, I will wait for the best time to release my assets. I think now is not the right time to sell the various altcoins that we have.

Plinteng

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https://goldeth.io/

I think it all goes back to the technique used by someone who trades, and also the type of coin he has, there are some coins that are fairly wild with up and down charts, and there are also coins whose prices tend to be stable.

onecall123

sr. member

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When you own good positions of the coin/token, holding is always your best option. Back in 2010, no one ever imagined Bitcoin would be worth anything. Buying and selling won't change people's fortunes. There is no issue with people shorting their crypto's, it's their choice. At the end of the day, holders are the market leaders. Since 2017, I have learned a lot, but I don't think I know enough. As soon as you decide whether to trade or hold, you are feeling great.

Darktongue

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I sold my earned tokens at an appropriate time, because I knew I could buy them again in a few months. Holding alt coins isn't good all the time. Now we shouldn't sell our altcoins and I have what I want to hold. As OP questions? What could be the reason to hold to get 25 percent more. We must have an explanation that holding altcoins will rise 25 percent or without a point we should sell now.

bosede1

member

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I will advise your friend to sell only on some conditions. Firstly, at the present time is the price higher than the price he bought the coin because if otherwise, it is a loss to him, furthermore, if he needs money at the particular time and no other means aside selling it he can do that but if not I will tell him to hold a little for like three months but if it doesn't look promising afterwards he can sell-off.

Valak

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Quote from: Tomiwa_akin on May 08, 2021, 04:59:13 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 most difficult thing for us in investing is a sudden need so we have to sell assets. Actually investing in crypto is a long-term investment, and the money we invest is really not used for daily needs. So that when the crypto price dumps, we don't need to sell it, and can hold it for the long term until the crypto price is back in the pump.

flagpara

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If my friend asks me to make my decision, then I will take the name, then I will tell my decision. We must take any new altcoins profit without Binance listed. A new coin pump means it will dump soon without any doubt. We shouldn't wait for extra profit. From now on, we shouldn't sell any of our altcoins. Now is the best time for holding them. Coins age and time will tell you what to do with your portfolio.

Investo20

jr. member

Activity: 342

Merit: 3

Can't say anything when it's friend's fund. But I will say if it's your fund then you must do research on the project and according to their roadmap, product launch, use case, technical analysis, market sentiment you should set a price target before investing and stick to that.
And in friend's case you could advice him 1) To take out his principal fund and hold the profit amount as long as he is not satisfied. Like he invested $100 and it grew $150. He can sell $100 worth of token and hold the profit ($50) as long as he want but with stop loss. 2) He can sell some percent of the investment and hold the rest with tight stop loss. Like he invested $100 and it grew $150. He can sell $75 worth of token and hold the rest $75 with stop loss.

Mahdirakib

legendary

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In Search of Incredible

Quote from: ?? on ??

It all depends on what coin he keeps, if the coin has a high potential can develop for the future then it does not hurt to continue to maintain until the increase that has been targeted, then in this case must be sure with the coin that can continue to be maintained, not until later losses he gets, but for now maintain is the best way because the price of the coin is decreasing.

Holding unpopular coins may end as badly. I'm holding few many altcoins. Among those, one altcoin price movement isn't pleasant. The coin haven't gained much popularity yet but the project team was trying their best to get the attention of investors. Few months ago that coin price was ten times less than it's ATH price, I thought it will increase soon. But the price collapsed more while bitcoin and other altcoins price stated to drop for some bad news and FUD. Other popular and top altcoins price staying at a average point now. So coin selection is really an important thing. We shouldn't suggest anyone to hold unpopular coins for long time.

bamb

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Quote from: Tomiwa_akin on May 08, 2021, 04:59:13 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 is important for Cryptocurrency investors and traders to own up and accept responsibility for their selling or buying action. The decision to sell or buy lie squarely with the owner. If I were in your position, I will only advice and probably give example of what works. And selling for me is matter of 50/50 chances especially when my price target have not been reached!

bastian466

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PredX - AI-Powered Prediction Market

Quote from: _MrTuyul404 on July 24, 2021, 07:09:17 AM

this case often happens to me, many of my friends always suggest whether their coins are more appropriate to hold or sell, I sometimes always find it difficult to give advice, I just say "if your capital is still losing it's best to hold it until it returns capital, and if it is profitable, sell it up to 10-20% profit"

It's really hard to answer if someone asks something like that, afraid to get the wrong answer because we don't know what the future will be like and we have to answer correctly so as not to disappoint people. I agree with your answer, if you still lose, it's better to hold on until the price goes up again, but I'm also confused if the price keeps going down

m.rifki

member

Activity: 517

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For me to do both is a good choice, with a note before you sell it must study the market conditions at that time, you will get more profit by holding and selling when the price is good.

BayAngelo

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A trader should always have it in the back of his mind to know when to sell and when to buy. if you failed to know when to do this. you will gain nothing you will end up getting nothing. the market knows no one and can leave you with nothing. trading is of two ways. you are either wining or loosing. loose today and win tomorrow. the choice is yours.

GatotKaca

sr. member

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Seabet.io | Crypto-Casino

Quote from: Sirait on July 24, 2021, 11:13:58 AM

Quote from: Tomiwa_akin on May 08, 2021, 04:59:13 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. ??

in market conditions like this you better hold your tokens, if you sell your tokens then you will miss a big opportunity when the market is bullish again in the future. I suggest you listen to your friends.

when you have managed to get enough profit and it is following the investment plan made from the beginning, why not sell it?
Don't expect the bull rally to continue for a long time and over and over again.
the market is indeed strong but many people speculate too high which makes them even more greedy with the expectations they make.

Topic: in between the decision to hold or sell - page 6. (Read 1718 times)