Investment involves being realistic, doesn't it ? - page 2.

Taskford

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Quote from: doomloop on April 23, 2023, 08:14:03 AM

Quote from: Xal0lex on April 22, 2023, 01:07:23 PM

Quote from: savetheFORUM on April 22, 2023, 10:44:55 AM

If someone buys a coin in the spot market, they got nothing to worry about since even if the price drops significantly, they will still have their coins in their wallet and they have the option to keep them until the price recovers back and gets higher than the point of buying so that they can sell.

This strategy is for bitcoin. It doesn't work with most altcoins, even those in the top 10. If you bought Ripple at $3 in 2018, how long do you think you have to wait before your investment returns to cost? It's been over 5 years now, but XRP is still far from that value and it's not certain it will reach those values anytime soon. So the notion that altcoins on the spot market can be held indefinitely until they return to their price values is actually a huge misconception. The only thing you can do in altcoins all the time is sit at a loss, or with those coins that have turned into a mountain of junk and no one else wants them.

Yeah, perhaps. Altcoins are always too risky to be held for long-term, no matter how famous or trusted they are at the moment of buying, you can never really know if you are ever going to get even an ROI after investing in an altcoin. As you said, even some of the coins that used to be in the top 10 are now struggling to reach a good price point.

Those who are to invest in altcoins should always check their history and how they have been doing for the past couple of years at least, if a token is new, it's better to avoid it, but if it's old, a bit of research before the investment should do well.

For other alts which is not listed at least at top 20 in the market listing site then its so hard to think about that we will provably earn huge with them. Since turn out of events like dev scamming is really possible, so if they want to invest much better if they could just choose the top tier altcoins which gather millions of volume everyday qnd for this maybe they can get a best result and this could give us less stress rather than investing on new tokens.

naikturun

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be realistic and also have to get used to market conditions, because those who are used to it, will know the market conditions when it goes up and down, then they will sell when it goes up and buy it back when it goes down, or do the investments not do that and always hold their assets continuously, or is it also an investment even though you do it repeatedly, because the goal of investing is to make a profit.

Boomber

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Quote from: ANSEL_2.0 on March 28, 2023, 03:04:34 PM

It's fine to take profits if a pump takes place because the correction will happen sooner or later but we all have our plans, some plan for the short term, and others plan for the long term, so even if there is a small pump it makes no difference for long term holders, they will rather prefer to hold than taking short term profit.

true, investing in cryptocurrency is indeed very good for the long term, but my advice is that if a pump occurs, then it's better for us to sell some and wait for the correction to buy back, so that the profit we get can be bigger than we just stay silent and miss the pump, because take profit is the most important thing from investing in cryptocurrency.

doomloop

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Quote from: Xal0lex on April 22, 2023, 01:07:23 PM

Quote from: savetheFORUM on April 22, 2023, 10:44:55 AM

If someone buys a coin in the spot market, they got nothing to worry about since even if the price drops significantly, they will still have their coins in their wallet and they have the option to keep them until the price recovers back and gets higher than the point of buying so that they can sell.

This strategy is for bitcoin. It doesn't work with most altcoins, even those in the top 10. If you bought Ripple at $3 in 2018, how long do you think you have to wait before your investment returns to cost? It's been over 5 years now, but XRP is still far from that value and it's not certain it will reach those values anytime soon. So the notion that altcoins on the spot market can be held indefinitely until they return to their price values is actually a huge misconception. The only thing you can do in altcoins all the time is sit at a loss, or with those coins that have turned into a mountain of junk and no one else wants them.

Yeah, perhaps. Altcoins are always too risky to be held for long-term, no matter how famous or trusted they are at the moment of buying, you can never really know if you are ever going to get even an ROI after investing in an altcoin. As you said, even some of the coins that used to be in the top 10 are now struggling to reach a good price point.

Those who are to invest in altcoins should always check their history and how they have been doing for the past couple of years at least, if a token is new, it's better to avoid it, but if it's old, a bit of research before the investment should do well.

inanilujimi

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Our goal of investing in crypto is of course to make a profit, if you feel enough why not take that profit. because the market is so volatile that anytime greed turns into a real loss.

serjent05

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Quote from: FireDAOJackie_Z on March 27, 2023, 10:43:49 PM

Personally, if I had that chance to cash for profits, I would do the same. What about you ?

It is a no-brainer question. It is an obvious answer that if profit is seen we should take the chance to have profits especially when we are discussing altcoins and shitcoins. I have lots of experience on not cashing out when I see profit because I intend to hold it for possibly more profit but most of them are in vain. I once hold an altcoin (had around 4k coins) that got pumped from $1 to $20 but I failed to cash out because of greed thinking it will pump more. Then the next day, the price crashed and never recovers again until the token got delisted on the exchanges and the dev gave up on the project. It should have been a clear $80k profit ( I got the token from doing bounty work btw) but got wasted because I failed to sell it when I saw the profit.

shinratensei_

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You should see how those people, the so called expert, that manages huge funds in the management company, actually works, they always find a project, see whether they are fitting enough to be their next investment candidate, and see whether they are aligned with your vision and then proceed to invests.
I think the most essential thing is that, you should find proper strategy, and this involves being realistic, I must say, being realistic could be bane of making good decision, even series of it, otherwise you might ended up investing in some meme coin that have already reached peak and of course only matter of time until you incur losses, so yes, being realistic certainly needed, but one more thing that's needed is the diligence of knowing the current trend, that could help you earn a lot.

Psynthax

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I'd say being realistic is like basic of investing, you just don't invest just because your guts telling you to do so, you invest because you know the project fundamentals and quality is good.
also, you see potential of the project using many analysation, in which gonna require realistic approach, if you are influenced by emotion in your investment be ready to lose.

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Quote from: ammo121810 on April 19, 2023, 02:00:21 AM

That is true the more often we trade the less profit we make in the end. I had experienced that in my past investments I had tried to do a day trading I ended up negative. Short term goals / strategies is pretty much stressful and very much at risk, trading could really test our patience. That is why day trading is not that good I would rather go for a long term investment to keep me away from so much stress.

It depends on how knowledgeable you are about day trading. Many professional traders who do day trading get a lot of profits. Because they already understand how to do it and understand about technical analysis and fundamentals. they are also trained and their psychology will not be any obstacle.

Losses will definitely occur, but only a few percent and more dominated by profits.
It all depends on what type of tarding is suitable for us. If you are more suitable for the long term, then you should maximize it. and if not suitable in day traders do not force to continue trading because it will further spend your money.

Yatsan

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Definitely; realistic with the returns as well as risk involved. Some people are just becoming unrealistic with what they are engaging themselves with. Some people tend to overlook the profit and disregard the risk especially to a volatile asset such as cryptocurrency. This industry left an impression to some that profit is easily earned but in fact, there's no such thing as easy money in any field of investment. In crypto industry, there are no certainties with the market prices; a downfall could take plase as frequent as with the pumps on its price. And if things won't be managed in particular with the risk, an action could be done in an instant which could either result to profit or losses.

abralzain17

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if you are able to predict the market and know how to play in the crypto market then in my opinion you may be loyal to one digital currency. but if you are a new investor who is unable to guess and cannot do market analysis then you should just take the profit that has been obtained by a slight increase in the price of the coin invested. it's more passionate about trading I think

Bitstar_coin

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Quote from: FireDAOJackie_Z on March 27, 2023, 10:43:49 PM

..I have come to understand that no matter how you seem to be loyal to one particular cryptocurrency, as long as there seems to be a huge profit, you will sell to gain profit instead of holding a pipe dream. I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?

Short-term players are not loyal to any crypto, in fact, you should not be loyal to any alts besides eth and bnb (^{if you must}). The only coin that deserves true loyalty is btc. Traders are out to make a profit and not form a loyalty program, so it is very natural for any trader to buy at a low price and sell when the price is high and repeat the process again.
There is nothing fascinating about it because it is almost the same thing as other none traders, their sole aim is to make a profit. so yeah, it is very realistic.

Xal0lex

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Quote from: savetheFORUM on April 22, 2023, 10:44:55 AM

If someone buys a coin in the spot market, they got nothing to worry about since even if the price drops significantly, they will still have their coins in their wallet and they have the option to keep them until the price recovers back and gets higher than the point of buying so that they can sell.

This strategy is for bitcoin. It doesn't work with most altcoins, even those in the top 10. If you bought Ripple at $3 in 2018, how long do you think you have to wait before your investment returns to cost? It's been over 5 years now, but XRP is still far from that value and it's not certain it will reach those values anytime soon. So the notion that altcoins on the spot market can be held indefinitely until they return to their price values is actually a huge misconception. The only thing you can do in altcoins all the time is sit at a loss, or with those coins that have turned into a mountain of junk and no one else wants them.

virasisog

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Quote from: btc78 on April 21, 2023, 09:00:09 PM

Quote from: Freddie Boyer on April 21, 2023, 07:09:44 AM

Quote from: FireDAOJackie_Z on March 27, 2023, 10:43:49 PM

I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?

Yes, investing always involves a realistic attitude and it is very important to have a clear plan of when to buy and sell your investment. This is especially relevant when compared to emotional decision making based on short term market fluctuations which can lead to bad investment decisions and losses.

It is our money mate , so who will decide ? of course this is where we can earn or lose and the attitude is the most important thing when we invest our money and when we wanted to buy or selling.

Quote

Although having a set of pre-defined criteria for buying and selling, such as a certain price point or changing market trends I also think this can help remove emotion from the decision-making process and increase the chances of making a profitable investment.

it is our side to complete , and the criteria are our own views mate and we can see those from what happened in the past and will happen in the future.

The decision to sell or to hold relies on the risks that we can take as well as our attitude toward reaching our goal. If we are firm to make a profit in long-term investment then we should know that the volatility of the market might scare us so we should be emotionally prepared because if not, the tendency of selling at the wrong time could be possible. Investing in a cryptocurrency will give us a roller coaster-like ride of emotions so if we're unable to handle our emotions then they will control us when it comes to decision-making. Those who have been through different market cycles are already aware of the fast changes in the prices of coins so they're particular about the possible results.

savetheFORUM

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Quote from: Hypnosis00 on April 21, 2023, 08:19:44 AM

Quote from: FireDAOJackie_Z on April 21, 2023, 04:15:49 AM

It's true. Nowadays the market fluctuates again and many have faced losses, including me. I bought Bitcoin and some other altcoins when the prices were high and unfortunately they all dropped dramatically. The good thing is that I don't panic that much because I am confident that bull market will arrive soon, hopefully this second-half year. Of course enhancing our knowledge is a must and we should do this every single day.

We just lose if we sell them when the price drop but if we can still manage to hold them until the time it recovers, profit is not impossible. Unfortunately, it was not happening all time because most of the time we have been beaten up by our emotions and worries thinking negatively -" What if it never rises back?"
We have usually been fooled by our own judgments and decisions. To dumb to say but honestly, I experience losses as well due to emotions. And many people have been in this situation even though we know that after the corrections, there is always recovery.

Well, that can be said for those who are spot traders, but those who invest in future contracts will surely face losses if the market goes in the opposite direction from what they've chosen, the fluctuations cause a lot of liquidations for future traders and that is the reason why it's always advised that new traders should stay away from futures.

If someone buys a coin in the spot market, they got nothing to worry about since even if the price drops significantly, they will still have their coins in their wallet and they have the option to keep them until the price recovers back and gets higher than the point of buying so that they can sell.

btc78

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Quote from: Freddie Boyer on April 21, 2023, 07:09:44 AM

Quote from: FireDAOJackie_Z on March 27, 2023, 10:43:49 PM

I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?

Yes, investing always involves a realistic attitude and it is very important to have a clear plan of when to buy and sell your investment. This is especially relevant when compared to emotional decision making based on short term market fluctuations which can lead to bad investment decisions and losses.

It is our money mate , so who will decide ? of course this is where we can earn or lose and the attitude is the most important thing when we invest our money and when we wanted to buy or selling.

Quote

Although having a set of pre-defined criteria for buying and selling, such as a certain price point or changing market trends I also think this can help remove emotion from the decision-making process and increase the chances of making a profitable investment.

it is our side to complete , and criteria is our own views mate and we can see those from what happened in the past and will happen in the future.

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Quote from: Freddie Boyer on April 21, 2023, 07:09:44 AM

Yes, investing always involves a realistic attitude and it is very important to have a clear plan of when to buy and sell your investment. This is especially relevant when compared to emotional decision making based on short term market fluctuations which can lead to bad investment decisions and losses.

That's where many investors have been falling and didn't find any success. And that's because their emotions hard to be controlled and didn't find themselves to be going with the path that they had already planned for.
Fluctuations are within the market and taking profits is essential as this is the reason why we're investing, to make money. We're all optimistic with the tech and stuff but it doesn't end there, we have to take care of our own welfare in terms of going back to the reason why we've started to invest. Being realistic that we're likely to see a 2x-5x of our capitals while some wanting 100x to more than 1000x because they saw some investors got lucky with their meme coins.

Hypnosis00

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Quote from: FireDAOJackie_Z on April 21, 2023, 04:15:49 AM

It's true. Nowadays the market fluctuates again and many have faced losses, including me. I bought Bitcoin and some other altcoins when the prices were high and unfortunately they all dropped dramatically. The good thing is that I don't panic that much because I am confident that bull market will arrive soon, hopefully this second-half year. Of course enhancing our knowledge is a must and we should do this every single day.

We just lose if we sell them when the price drop but if we can still manage to hold them until the time it recovers, profit is not impossible. Unfortunately, it was not happening all time because most of the time we have been beaten up by our emotions and worries thinking negatively -" What if it never rises back?"
We have usually been fooled by our own judgments and decisions. To dumb to say but honestly, I experience losses as well due to emotions. And many people have been in this situation even though we know that after the corrections, there is always recovery.

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Quote from: FireDAOJackie_Z on March 27, 2023, 10:43:49 PM

I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?

Yes, investing always involves a realistic attitude and it is very important to have a clear plan of when to buy and sell your investment. This is especially relevant when compared to emotional decision making based on short term market fluctuations which can lead to bad investment decisions and losses.

Although having a set of pre-defined criteria for buying and selling, such as a certain price point or changing market trends I also think this can help remove emotion from the decision-making process and increase the chances of making a profitable investment.

FireDAOJackie_Z

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Quote from: nesty on April 21, 2023, 01:13:25 AM

Quote from: FireDAOJackie_Z on March 27, 2023, 10:43:49 PM

Over the past few weeks, all cryptocurrency prices have gone through a new round of ups and downs. As always, the altcoin prices have followed Bitcoin price's fluctuation closely and as of today, all prices have dropped: Bitcoin price now is $27,000, ETH $1,700 , BNB $310 and other new altcoin like ARB at $1.14. I know that volatility like this is quite normal and for most long term crypto holders, this means no big deal. However, for those short-term players, they would definitely have sold a lot of them when they reached a relative high and if the prices continue to drop, they will probably buy a lot and wait for the next ATH. Too realistic, huh ? Yes. I have come to understand that no matter how you seem to be loyal to one particular cryptocurrency, as long as there seems to be a huge profit, you will sell to gain profit instead of holding a pipe dream. I have no judgement here and try to tell the truth. Personally, if I had that chance to cash for profits, I would do the same. What about you ?

As of this time the market begins to fluctuates again downwards and it is true that altcoins do follow Bitcoin's price. The market is truly volatile that no one can really determine if it will be bullish or bearish. Since last year the market fluctuates dramatically and a lot of investors had faced losses because they had invested at a higher price. No one anticipated that drastic change in price would occur last year. But if you have enough knowledge in investing crypto currency you will not panic specially if you are aiming for a long term investment. Every investment should involve being realistic, we should only invest what we can afford to loose. Do not put all your money in just one basket, so that your investment will not be locked in just one coin. We should enhance our knowledge in investing crypto currency so that we can invest wisely.

It's true. Nowadays the market fluctuates again and many have faced losses, including me. I bought Bitcoin and some other altcoins when the prices were high and unfortunately they all dropped dramatically. The good thing is that I don't panic that much because I am confident that bull market will arrive soon, hopefully this second-half year. Of course enhancing our knowledge is a must and we should do this every single day.

Topic: Investment involves being realistic, doesn't it ? - page 2. (Read 537 times)