Investment involves being realistic, doesn't it ? - page 3.

lienfaye

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Quote from: FireDAOJackie_Z on March 27, 2023, 09:43:49 PM

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 ?

We have different strategy to maximize our profit. I'm a long term hodler but i'm not stopping myself to take profit at times especially if the value is decent enough to do so. This is to enjoy some of my earnings and I don't see anything wrong with that.

Well, if you envy others who managed to take advantage the price increase, why are you refraining yourself to sell? Do what you think is beneficial to you. You can always buy back once the price is turning down anyway. But there are coins that indeed good to hold for long term if you want to be a real huge gainer.

nesty

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Quote from: FireDAOJackie_Z on March 27, 2023, 09:43:49 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.

ammo121810

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Quote from: Xal0lex on March 28, 2023, 07:55:54 AM

The truth is that the more often you buy/sell, the less profit you make in the end. It has long been a well-known fact that speculators will never make as much profit as long-term holders can, so the more often you enter the market, the more risk you expose yourself to. The greater the risk, the more likely you are to make a mistake and lose money. In altcoins, making a mistake is easy, which is why many short-term strategies almost always end up in the negative yield zone.

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.

Weawant

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Quote from: lobo13hf on March 28, 2023, 03:46:53 PM

always good to have plan before hand, if you deemed that the coin you invested in is already deserve to be liquidated then just do it.
chance doesn't come twice, if you think a coin that's already getting high enough gonna go even higher then you're more likely wrong so its true that it just better to take the profit.

You make a good point here, this strategy can be said to be you sticking with your initial targets. Before anybody buys a project they already have an idea of which price they'll like to sell so just do that when it reached that price.

This strategy will help any investors avoid losses because if the tokens falls then you would have already sold your coins and left the project and when the tokens continue to rise it shouldn't bother you.

But many people will be regretting selling if an increase of price was to happen so instead of selling all the tokens you got from your earlier purchase then you can sell the coins in part so you have leftovers to sell at other price.

Xal0lex

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Quote from: el kaka22 on March 28, 2023, 03:38:01 PM

I think having an understanding that it should be based on marketcap and not the price is the number one thing that makes it realistic investment. There are a lot of people who focus on the price too much and price means absolutely nothing, it is not what makes something cheap or expensive. It's the marketcap, if the marketcap of something is high, then making it higher priced is hard as well.

Look at bitcoin, it has the highest marketcap and price can hardly move, it takes time, on the other hand something with a small marketcap could move easily, and the price could move easily as well, because one whale could make it go up or down very easily all by themselves since the marketcap is low.

Price, like capitalization, are too manipulative and artificial metrics if we are talking about analysis for meaningful investing. We need to take a much more comprehensive approach here than these, in many cases, fake values. The FDV value, supply distribution, demand, volumes, etc. are also important here. I would not recommend anyone to consider only one price and capitalization size, especially when it comes to new altcoins.

rokok lokal

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Quote from: FireDAOJackie_Z on March 27, 2023, 09:43:49 PM

What about you ?

The recent market volatility in the cryptocurrency sector is a clear indication of the ongoing risks involved in this industry. Despite the decline in the price of major cryptocurrencies such as Bitcoin, Ethereum and BNB, it is important to note that volatility is not a new phenomenon in the crypto world. This is especially true for short-term investors looking to take advantage of price fluctuations to make a profit.

However, for long-term investors, it is important to remain realistic and take market fundamentals into account when making investment decisions. My view has always been to evaluate the potential of a particular cryptocurrency before making any investment decision. This includes assessing the viability of the project, the strength of the team behind it, and its long-term growth prospects.

FireDAOJackie_Z

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Quote from: Psynthax on March 30, 2023, 11:13:24 AM

realistic in judging the current circumstance of their investment is essential, it's the way that you gonna make wisest decision ever unless some that are overly optimistic even pessimistic, that way you're already having good mentality. being realistic didn't only help in investing but in business being realistic is really essential, you're trying to make money so being too emotional might make you fail instead.

Being realistic is essential any time we make financial decisions but also we should remember the timing of being realistic. It's like predicting Bitcoin's price, not every time you are certain the price will be increasing, sometimes you have some faith in your judgement and don't regret any decisions you made. In this sense, we can somehow avoid to be emotional and make life easier.

Psynthax

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realistic in judging the current circumstance of their investment is essential, it's the way that you gonna make wisest decision ever unless some that are overly optimistic even pessimistic, that way you're already having good mentality. being realistic didn't only help in investing but in business being realistic is really essential, you're trying to make money so being too emotional might make you fail instead.

FireDAOJackie_Z

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Quote from: barhavsky on March 29, 2023, 01:21:19 AM

Quote from: Psynthax on March 28, 2023, 10:46:00 AM

i'd say if you wanna make profit then be realistic, after all that's what the most important honestly.
by being realistic you're already detach your self from the emotions that usually affects you in a bad way, that is making you good at your own decision.

that's right, if you want to invest, we have to be realistic (one of them is setting a price target) and of course never be greedy either, so if cryptocurrency that we invest has reached the price we are targeting, then we have to sell it and not make new target (greedy), because that is what can destroy us on investing in cryptocurrency.

Indeed. Greed is what we have to strictly control in any type of investment. Setting a price target does not only make the process of investment more like a mission with deadline, but also helps us test our stamina and decisiveness. These are the valuable qualities we must have in terms of successful investment. Once the price target is reached, we should choose to sell immediately no matter how much more profit there might be ahead. Otherwise we'll lose huge because of greed. Have you ever read the short story How much land does a man need ? by Leo Tolstoy ? The principle applies to everywhere in life.

Wexnident

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Been there trying that, and actually lost more than I gained. Leaving aside the fact that I'm just generally a bad trader, it's actually much more comfortable to invest for the long term instead of selling/buying durings pumps and dips, solely because instead of trying to gain more profit, you instead avoid making more losses. Plus, the fact that you've already profited and yet didn't sell only means that things would only grow there, unlike in short term where after buying, the results change once again and even if you follow the strategy of buy low sell high, simple as it sounds, it's not at all that simple.

Honestly, I probably would've made a quick buck with buying and selling in the past few months, but that's the ME in the now knowing what happens is talking about, me of the past certainly didn't know that and would absolutely have no way of knowing so.

inthelongrun

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Trading and investing are also psychological. Our emotions are involved especially when dealing with the amounts that we cannot afford to lose. Experience can help but not 100%. After many years of trading and investing, I became less emotional although I believe it really depends on the amount we are dealing with.

Newbies on the other hand will have more difficulty dealing with emotions. For example, a few weeks ago bitcoin dropped to $19k but then after a few days, it went back to $24k. Most newbies probably became itchy to cash out their profits without knowing that it will increase further to $28k in the following days. Nonetheless, it is important to be content with every profit and hold no regrets. Just focus on the next ones. As for me, I will only sell a portion once bitcoin touches $100k.

Jackl87

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Quote from: FireDAOJackie_Z on March 27, 2023, 09:43:49 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 ?

I would consider myself as a notorious holder and in the past this has already cost me quite a lot of money on two different occasions now. Both times i did not sell because i obviously thought that the price would go up even more and for me an investment into cryptocurrencies is still the hunt for the potential moonshot and for a profit that is so big, that it is life changing. Of course in hindsight i should have sold both times back then because i would have a few thousand bucks more now because both of those projects that i did not sell are either down 95% of that ATH again or even completely dead. I still prefer holding over daytrading though, because the more often you trade the more often you can make a mistake.

Dr.Osh

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what you said is not wrong, but everyone has their own way of using crypto. it is very reasonable that they sell some of their investment when the price is rising. it is also recommended in trading, to take profits when you have earned them. however, many people don't sell all their assets, sometimes they just take profits, or return the capital they used. after that they will return to take advantage of the price ups and downs to make more of their assets.

SyndicateLabs

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Quote from: Ojima-ojo on March 29, 2023, 03:34:33 AM

Volatility is a well-known fact in cryptocurrency prices and not only will bitcoin continue to go up and down thereby controlling the price of other assets in the marketplace, this volatility has made speculators to become inaccurate in most cases and that is why we advise for fewer speculations and more long term holding.

No doubt the fact that only long-term holders will have a positive story to tell in the long run, spectators will only continue to either cut losses or gains at a minimal rate compared to long-term holders.

Yes, I agree with your point. Volatility is an inevitable fact in the cryptocurrency market and we cannot control the price of assets in the short term. However, long-term holdings can help reduce risk and increase the likelihood of positive returns.
In addition, investing in cryptocurrencies and tokens also requires knowledge and understanding of the market, the projects and the technology behind them. This will help you get a more accurate view of your property's potential and make smarter investment decisions. So, invest in cryptocurrencies and tokens carefully and properly.

Ojima-ojo

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Volatility is a well-known fact in cryptocurrency prices and not only will bitcoin continue to go up and down thereby controlling the price of other assets in the marketplace, this volatility has made speculators to become inaccurate in most cases and that is why we advise for fewer speculations and more long term holding.

No doubt the fact that only long-term holders will have a positive story to tell in the long run, spectators will only continue to either cut losses or gains at a minimal rate compared to long-term holders.

robattfield

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From experience I have learned that never be wise in front of the market, the results we get are a reflection of what we are interacting with. But inexperienced and unlucky newcomers will panic at this market volatility, and vice versa, it will bring an exciting environment of information, about prices.
Over time, if the lessons of failure do not make us realize our mistakes, the failure will continue to repeat until success comes.

isaac_clarke22

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Quote from: FireDAOJackie_Z on March 27, 2023, 09:43:49 PM

~

That's the primary goal of the investment anyway. It's to earn profit from the returns that you get from your investment. I do both though - short-term and long-term. I have a separate wallet that entirely holds Bitcoin in the long term while I do have some temp wallet that is primarily for quick profits like bi-weekly (that's still considered a short-term right?).

Though even if I have short-term holds, I don't make it as like a full-time job considering how horrible my day trading experience went.

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Quote from: Psynthax on March 28, 2023, 10:46:00 AM

i'd say if you wanna make profit then be realistic, after all that's what the most important honestly.
by being realistic you're already detach your self from the emotions that usually affects you in a bad way, that is making you good at your own decision.

that's right, if you want to invest, we have to be realistic (one of them is setting a price target) and of course never be greedy either, so if cryptocurrency that we invest has reached the price we are targeting, then we have to sell it and not make new target (greedy), because that is what can destroy us on investing in cryptocurrency.

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Quote from: DeathAngel

Taking good profit is always nice but it’s never a good idea to sell everything (100% of a coin/token).
For example, if you were to sell all your bitcoin or ethereum (the two top coins) at some point with no plan to ever but back in, it’d be totally stupid.

Take some profit off the table if it improves your quality of life but always keep some skin in the game. There’s nothing worse than watching a coin/token you previously owned moon.

I agree with you, because selling all your coins can make you regret when the price later increase higher in the market which is not advisable to rush in the market than to watch the market price careful before you can supply half of your coins and hold the remaining ones for future purpose. Now that the price of Bitcoin has increased higher early this year, it will be profitable if you can exercise patience to hold till the end of November because the price will definitely hit back $40,000 for those long term traders and short term traders to visit the market for profit making.

FireDAOJackie_Z

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Quote from: DeathAngel on March 28, 2023, 11:34:17 AM

Taking good profit is always nice but it’s never a good idea to sell everything (100% of a coin/token).
For example, if you were to sell all your bitcoin or ethereum (the two top coins) at some point with no plan to ever but back in, it’d be totally stupid.

Take some profit off the table if it improves your quality of life but always keep some skin in the game. There’s nothing worse than watching a coin/token you previously owned moon.

Agreed. Selling all coins if it is profitable is not a wise choice because diving in the industry is what keeps our mind sharp to get more profits. Investment is more than capital, market analysis and timing, it requires more psychological strengths to win in most cases. I intend to hold altcoins for neither short nor long term, just sell them when profits look good to me. I always make choices cautiously and play safe.

Topic: Investment involves being realistic, doesn't it ? - page 3. (Read 584 times)