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Topic: in between the decision to hold or sell - page 8. (Read 1723 times)

legendary
Activity: 2758
Merit: 1004
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Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
Stable from which side? The volatility rate has been decreased but the price isn't stable anyway. Holding is the best thing but don't hold every cryptocurrency for long term. Top coins of crypto market have higher chance recover their price and increase as well. It's too much risky to hold unpopular and new tokens/coin. In that case you should research that how good the project is, what is the utility usage of the coin. OP has given the appropriate answer to his friend.
maybe he's talking about range. if it's a range, then the price of bitcoin is indeed around $30k and below $36k, so it's very clear that we have to hold it. however, in the matter of holding or not, I honestly until now continue to hold the altcoins that I own. In fact, we are also hesitant to sell because we hope that altcoin prices will rise again. however, the reality is that currently the bitcoin price is in the $31k to $35k range, but the altcoin prices are mostly dropping bit by bit. quite hard to hold on for now.
full member
Activity: 896
Merit: 108
It depends on what coin is your friend holding, it would be better if you include what coin is he holding so we can also suggest what he or she will do. If the coin that they are holding has the potential to grow in the future then it is better for him just to keep holding it, 25% should not be the target if they know how good the coin is.
there are still many users who are confused in determining the decision to sell or hold, even though it is entirely their own control. this is the importance of understanding the basic techniques of investing, not only for crypto, but for any investment instrument, we should study it and know the product well, not just joining in.
after that we also have to determine whether to invest for the long term or short. Thus, we will not be confused anymore, market fluctuations cannot be controlled and sometimes difficult to predict, so it takes a strong mentality and readiness to face risks. If we are ready to gain, we must be prepared to lose.
sr. member
Activity: 840
Merit: 250
full power is in the owner of bitcoin if you want to hold or sell it is your right, but for me it doesn't matter as we still want it, we can still hold it and don't sell it. but if we intend to sell it we can release it on the stock market, it depends on the owner, because it's a crypto business so we ourselves are the decision makers
full member
Activity: 1302
Merit: 115
Pepemo.vip
Giving investment advice is a very risky act. A word we say can make our friends very sad. Especially in these fragile markets, we shouldn't make investment proposals. Everyone is responsible for their own decisions and shouldn't be invested on the words of just one person  Undecided
legendary
Activity: 1946
Merit: 1026
In Search of Incredible
Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
Stable from which side? The volatility rate has been decreased but the price isn't stable anyway. Holding is the best thing but don't hold every cryptocurrency for long term. Top coins of crypto market have higher chance recover their price and increase as well. It's too much risky to hold unpopular and new tokens/coin. In that case you should research that how good the project is, what is the utility usage of the coin. OP has given the appropriate answer to his friend.
full member
Activity: 523
Merit: 100
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. ??
Why will someone wait for a coin to pump 25 percent or 50 or more? If I were you, I would switch from one to one with the whole fund because I won't invest in altcoins. Actually, I will continue my trade until the market reaches 4-5 trillion. Maybe that's the beginning of bullrun, then we should be holders. But that's my working process, you can do yours.
hero member
Activity: 1302
Merit: 503
It depends on what coin is your friend holding, it would be better if you include what coin is he holding so we can also suggest what he or she will do. If the coin that they are holding has the potential to grow in the future then it is better for him just to keep holding it, 25% should not be the target if they know how good the coin is.
- In fact, an inappropriate buying time will destroy the potential, and then it will not help us to profit from the decision to hold, so except for the future factor, we need to update current factor such as purchase time, that means we won't buy when our coin is overvalued, quite a lot of investors were very active buying when it was pumped to new highs. This is always a decision that lacks discernment due to the nature of the project's potential to be a relative breakout and take time to proceed.
hero member
Activity: 2156
Merit: 685
It is always necessary to keep some amount of coins in the top 20-30 in cmc, which has proven itself well. Chz and matic made very good money for those who kept the period in the previous bull. It is always useful to sell if you have newly hyped coins. If these are meme coins in particular, I'd never think about selling them.
newbie
Activity: 15
Merit: 0
Though as to the decision of buying and selling now, it's somehow difficult, because most of my fun are divided by two, so when it rise little, i normally wish to sell, but at the same time wish to hold, but I don't want to loose all my money, so it's somehow difficult for me.
hero member
Activity: 2058
Merit: 710
Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
Is it true ? because market stability is very difficult to happen at this time, moreover there are still some influences from bad news, where everyone does not expect it to happen, but if you can make sure that the market is really stable, then holding on and being patient is key that should be applied now.
legendary
Activity: 1918
Merit: 1122
Leading Crypto Sports Betting & Casino Platform
Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
sr. member
Activity: 1204
Merit: 272
1xbit.com
May i ask what coin is that my friend? If they have strong coins like BNB, BTC, ETH or top 8 of coinmarketlist better to hold more for future earnings, But if they hold one of the Meme coins out there the decision will take the profit at the right time.

I too agree on this fact and OP should understand this.
If you make the wrong decision by choosing the wrong coin, then better to sell the coin.
Op if you are holding a coin with big marketcap, then yes it’s better to hold it for long term.
But as you are already instructed that you holding some shitcoins, then better sell this now and get yourself out from more losses.
Hope this helps you OP.
member
Activity: 672
Merit: 10
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.
hero member
Activity: 2338
Merit: 517
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Everything will depend on what you are counting on. If you have long-term goals, then your task is to understand how long-term they are and what price range of the coin will suit you.
In particular, it is necessary to take into account the state of the market, if the trend is downtrend, then it often makes sense to wait out this time in stablecoins.
And when you hold for long term, you must endure all the drops that will come.
Usual drops shouldn't be taken heartily because they will make you feel uncomfortable. If a downtrend comes, you still have to think that your plan is for long term and it has to happen and you need to get through with those.
jr. member
Activity: 44
Merit: 45
This is like asking someone a broad question, should I go skydiving tomorrow?
Its too broad, we don't know you, your friend, his investments, we know nothing.
In saying that there's one piece of advice that has generally worked well in crypto until now.
HODL.
sr. member
Activity: 1313
Merit: 278
Everything will depend on what you are counting on. If you have long-term goals, then your task is to understand how long-term they are and what price range of the coin will suit you.
In particular, it is necessary to take into account the state of the market, if the trend is downtrend, then it often makes sense to wait out this time in stablecoins.


hero member
Activity: 3178
Merit: 661
Live with peace and enjoy life!
If for me it is like what you said earlier, if indeed a coin has the opportunity to go up then it is better not to sell the coin first because that is because the coin has a great opportunity and the price is more expensive if it is sold quickly.
I think OP you should learn to weigh things right between the two so you could come up w ith your final decision. Yes if you see good potentials in that coin, then try to hold it for a longer time and see where it will take you. But if you think your target goal has already been reached with your current profits, then sell it off. Then start buying new coins with potentials and hold them for now. Sell them when the price is already at its peak so you can generate high profits after you sell.
sr. member
Activity: 2156
Merit: 323
Well it depends on the kind of coin he has, if the coins he has is already in the market and its just waiting to get it high better sell it if it in good condition  I mean timing to trade it but it is just a simple coin waiting to pump.. then better hold it for quite sometime or year perhaps until its full  bloomed.
The solution you say is true, but I also have a simpler solution than that, where when a coin is already in the market and is pumping well, it would be better to sell it first at a high price then wait a little longer when the price drops so that we can buy back in large quantities, this is part of the trading strategy that I have been running so far.
Looks good strategy but how long would we be able to keep up this plan. The current market trend too much troublesome to survive, and going through according plan kinda tough tough. what if, every time you but then it drops more? we could short and make some money instead of building large quantities. Hold and but every dip but know your limit.
member
Activity: 2044
Merit: 16
Taking a profit of your hold is not a bad thing hence we are in crypto to earn some profit and that's why it's always best to take profit when it's time to cash out but don't sell all, you can make 50 50 for future holds. I have some bad experiences that holding too much that greed will surely be the best enemy, that's why always take profit no matter what because bear market will always be unpredictable.
member
Activity: 721
Merit: 19
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If for me it is like what you said earlier, if indeed a coin has the opportunity to go up then it is better not to sell the coin first because that is because the coin has a great opportunity and the price is more expensive if it is sold quickly. that's what I think
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