Of course most people will sell their coin if their coin price become very high.
Can you explain why many people hold their coin ? To sell it with profit multiple folds in the future.
For short term holders, they just like to trading, buy and sell it without holding too long, and for long term holders, they usually accumulates buy and adding more coins in their investment portfolio, hold it for years and sell it later.
Topic: Investment involves being realistic, doesn't it ? (Read 584 times)
That depends on your plan and just like what @ANSEL_2.0 have mentioned, it doesn't really matter if there will be some small rally or slight pumps in the prices if you're holding it for a long-term but if it's just a short term, then taking profits during those pumps will be a good idea because there will be some corrections that will happen along the road. But in my perspective, I'm not really into taking profits in my bitcoin portfolio because I'm holding it for a long-term whereas for my altcoins, surely I will take advantage of the pump.
Well said, those who are long term bitcoin holder they will never did sell their bitcoin for this kind of market pumping and the main cause for it is their strategy. But these pump can help to short-term trader even then many of them get in to bull-trap. I also niw observing the whole situation of market because that cause. But if price goes ups like this then any fornat can make investment with their dca on bitcoin but not selling.But this is a different approach when talking about altcoins as we need to become vigilant of their movement. It is too risky for long-term holders but this is eventually good for short-term investors.
Even your generalization is quite true, the thing is most investors don't know the best timing to buy in and sell out. Anything in general is too vague for any wise decision and I believe, the only practical way to make the right decision is to learn lessons from multiple failure and execute plans that involve no emotion.
That depends on your plan and just like what @ANSEL_2.0 have mentioned, it doesn't really matter if there will be some small rally or slight pumps in the prices if you're holding it for a long-term but if it's just a short term, then taking profits during those pumps will be a good idea because there will be some corrections that will happen along the road. But in my perspective, I'm not really into taking profits in my bitcoin portfolio because I'm holding it for a long-term whereas for my altcoins, surely I will take advantage of the pump.
Well said, those who are long term bitcoin holder they will never did sell their bitcoin for this kind of market pumping and the main cause for it is their strategy. But these pump can help to short-term trader even then many of them get in to bull-trap. I also niw observing the whole situation of market because that cause. But if price goes ups like this then any fornat can make investment with their dca on bitcoin but not selling.But this is a different approach when talking about altcoins as we need to become vigilant of their movement. It is too risky for long-term holders but this is eventually good for short-term investors.
That depends on your plan and just like what @ANSEL_2.0 have mentioned, it doesn't really matter if there will be some small rally or slight pumps in the prices if you're holding it for a long-term but if it's just a short term, then taking profits during those pumps will be a good idea because there will be some corrections that will happen along the road. But in my perspective, I'm not really into taking profits in my bitcoin portfolio because I'm holding it for a long-term whereas for my altcoins, surely I will take advantage of the pump.
Well said, those who are long term bitcoin holder they will never did sell their bitcoin for this kind of market pumping and the main cause for it is their strategy. But these pump can help to short-term trader even then many of them get in to bull-trap. I also niw observing the whole situation of market because that cause. But if price goes ups like this then any fornat can make investment with their dca on bitcoin but not selling.
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.
That depends on your plan and just like what @ANSEL_2.0 have mentioned, it doesn't really matter if there will be some small rally or slight pumps in the prices if you're holding it for a long-term but if it's just a short term, then taking profits during those pumps will be a good idea because there will be some corrections that will happen along the road. But in my perspective, I'm not really into taking profits in my bitcoin portfolio because I'm holding it for a long-term whereas for my altcoins, surely I will take advantage of the pump.
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.
I can tell you for sure that you won't make a huge amount of money even in the top 20. The point is that in the top 20 are projects that have already grown by tens and hundreds of thousands of percent. They won't grow like that anymore, well 3-7x at most in a 4 year market cycle. And that's it. What scams with developers are you talking about? Name me at least 3 projects that raised large investments from various funds and backers and that turned out to be scams? There aren't any. No need to cite the various garbage, which is placed on all sorts of dubious exchanges and DEXs. Always look at what funds invest in new projects, and then make a decision.
A lot of people hold certain coins/token primarily for profit whether on a long or short term basis.
So, if a coin you are holding is doing very well and there is room to take some profits, why not, except you want to be exceptionally greedy to hold much longer and sometimes you get your fingers burnt when you become too greedy.
So, if a coin you are holding is doing very well and there is room to take some profits, why not, except you want to be exceptionally greedy to hold much longer and sometimes you get your fingers burnt when you become too greedy.
(-snip-)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 ?
Whether short-term or long-term, what each of us has learned from the market to give perspectives on it. It is possible to achieve the desired profit, but it can also be loss and dissatisfaction. Really I only see a vague opinion from you and it is not realistic for this crowd of market participants, people come for the news and FOMO accordingly, if they are patient enough they will continue to stay and accompany with market developments, or also a lot of individuals who like to rotate their cash flow with different investment markets. So just experiment and follow what you learn, don't be too sure that it's always like that or not."So just experiment and follow what you learn", thanks for this part and this is what I have been doing. "Don't be too sure that it's always like that or not" On the contrary, it may sound sure but actually I am always not sure. Things are changing so fast nowadays and I am always open to the new. Please correct me or show me your thoughts any time you want. You are welcomed.
I think it's a bit naive to assume that everyone would sell at the relative high and then buy again at the low. Most people aren't able to time the market that well, and it's a risky strategy even for experienced traders. Plus, there's the issue of taxes on short-term gains - not everyone is willing to pay the hefty tax bill just to try and time the market
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 ?
Yes volatility is quite normal, a lot of investors sell their investment if they think they already had profit on their investment and hold it if their holdings are at loss. Every investors are all after the profit they will earn in investing in crypto currency, of course no one wants to loose their investment that's why instead of loosing they keep on holding which is being realistic.
(-snip-)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 ?
Whether short-term or long-term, what each of us has learned from the market to give perspectives on it. It is possible to achieve the desired profit, but it can also be loss and dissatisfaction. Really I only see a vague opinion from you and it is not realistic for this crowd of market participants, people come for the news and FOMO accordingly, if they are patient enough they will continue to stay and accompany with market developments, or also a lot of individuals who like to rotate their cash flow with different investment markets. So just experiment and follow what you learn, don't be too sure that it's always like that or not. ...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.
No, no, and no again. Why is there such a common misconception in the community that new tokens should be avoided? Why? Where does this misconception come from? Do you realize that you're setting yourself up to wait for the token to make a major profit, to grow a hundredfold, and that will look like a signal to you that it's time to get in there? Really? Have you ever seen big investors or funds do that? When you buy yourself a shirt in a store, do you also look not for new shirts, but for ones that have been worn for a few years so you can definitely buy that particular shirt? Once upon a time, coins like ETH, BNB, DOGE were new too, and all those who maintained the same mindset as you did deprived themselves of the opportunity to change their lives in a cool way for the better.
Agreed. Trying to avoid new tokens is actually killing the meaning of investment. Why would the perfect thing happen to everyone if there is something that involves lower risk and higher return ? When Bitcoin came out more than a decade ago, even the buyers at the time would not think anything huge at the time, probably they just randomly found this name was fun and threw a dozen bucks to buy in. The only question about new tokens is how to make optimal choices within reasonable research or critical thinking.
I don't agree that it kills the point of investing, because investing doesn't imply that you have to be an early adopter. Rather, it kills the point of venture capital investing, where the investor invests at the earliest stage of project development in order to maximize returns. Venture capitalists are the most profitable investors in the investing category for the reason that they buy coins at the lowest prices and get the maximum profits, while exposing themselves to minimal risk because the project does not always fall below the price at which they bought the coins.
Investments do require a realistic approach and are based on profit expectations. However, volatility is the norm in cryptocurrencies, and investors should be prepared for possible price fluctuations. For short-term investors, it is important to monitor prices and make decisions based on market trends. However, for long-term investors, price is not the main factor, and they are more likely to keep their investments for a long time, based on long-term prospects.
Each investor makes a decision based on their personal circumstances and financial goals. If profit is the main goal for you, then this may influence your decisions and actions regarding investing in cryptocurrencies. However, it is important to remember that investments are always associated with risk, and you must be prepared for the loss of capital.
Each investor makes a decision based on their personal circumstances and financial goals. If profit is the main goal for you, then this may influence your decisions and actions regarding investing in cryptocurrencies. However, it is important to remember that investments are always associated with risk, and you must be prepared for the loss of capital.
~snip~. What about you ?
If I have time to watch the market over time I will trade my funds to get more profit, but since I don't have that time because I already busy in real life cause my real work is really depleting my time so I hold crypto for a long time and I don't care if crypto got correction although many analyses said that Bitcoin will go $40.000 but in reality it goes down cause no one can't predict the market movement exactly.
...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.
No, no, and no again. Why is there such a common misconception in the community that new tokens should be avoided? Why? Where does this misconception come from? Do you realize that you're setting yourself up to wait for the token to make a major profit, to grow a hundredfold, and that will look like a signal to you that it's time to get in there? Really? Have you ever seen big investors or funds do that? When you buy yourself a shirt in a store, do you also look not for new shirts, but for ones that have been worn for a few years so you can definitely buy that particular shirt? Once upon a time, coins like ETH, BNB, DOGE were new too, and all those who maintained the same mindset as you did deprived themselves of the opportunity to change their lives in a cool way for the better.
Agreed. Trying to avoid new tokens is actually killing the meaning of investment. Why would the perfect thing happen to everyone if there is something that involves lower risk and higher return ? When Bitcoin came out more than a decade ago, even the buyers at the time would not think anything huge at the time, probably they just randomly found this name was fun and threw a dozen bucks to buy in. The only question about new tokens is how to make optimal choices within reasonable research or critical thinking.
Indeed, being realistic is one of the things to have in trading or investing. We sometimes expect too high or too much to gain very high profits because seeing many other people have it. But in fact, with our recent opportunity, amount of the capital, and also skills, we may not be able to get it, except it is purely because of luck. That is why we must be more realistic, at least not beeing too hype or hipe too much that will probably drive us to the big regret or stress.
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 ?
Of course. The main goal of an investment is to cashout profits. If someone is investing in cryptocurrencies without following this basic plan there is something wrong with their strategy. Moreover, money exists to be used, to serve us, to fulfill our needs and to give us comfort.Unfortunatelly there are people who have as their life purpose to acquire and hold most money as possible, but without any practical plans to make good use of that money. Consequently they hold for too long (a lifetime), the money loses value and it becomes worthless even as heritage for the next generation.
On crypto universe it's also a real threat to investors when holding altcoins. If they don't pay attention to cashout their gains in time, it's likely they end with priceless coins and tokens on their hands futurely.
Yes, I am the same. If I buy a coin at a good price and then it rises with a reasonable profit, I will sell and wait for its fall to buy larger quantities and wait for it to rise again, and so on.
Holds can only be made for bitcoin and some altcoins that are expected to make a significant rally in the future.
Holds can only be made for bitcoin and some altcoins that are expected to make a significant rally in the future.
...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.
No, no, and no again. Why is there such a common misconception in the community that new tokens should be avoided? Why? Where does this misconception come from? Do you realize that you're setting yourself up to wait for the token to make a major profit, to grow a hundredfold, and that will look like a signal to you that it's time to get in there? Really? Have you ever seen big investors or funds do that? When you buy yourself a shirt in a store, do you also look not for new shirts, but for ones that have been worn for a few years so you can definitely buy that particular shirt? Once upon a time, coins like ETH, BNB, DOGE were new too, and all those who maintained the same mindset as you did deprived themselves of the opportunity to change their lives in a cool way for the better.
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.
Dealing with the market condition is quite hard but we have to face it especially if our goal is to make a profit in the long run. Temptations to sell during bear season or every time the prices drop down will always exist but we should focus on our goal. If we are into holding then we should not fear everytime the prices drop because it is really a part of the cycle. Investing in crypto needs focus and emotional control.
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.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.
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.
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.
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.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.
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.
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.
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.
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.
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.
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.
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.
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.
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
..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.
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.
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.
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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.
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.
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.
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.
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. 
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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. 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.
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.
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.
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.
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.
Over time, if the lessons of failure do not make us realize our mistakes, the failure will continue to repeat until success comes.
~
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.
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.
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.
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.
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.
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.
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.
,,,,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 ?
This is exactly what it is commonly done, moreover for short term investors. And commonly this is done for most altcoins, except Bitcoin's long-term investment. Sometimes, the scheme will be different, waiting for Bitcoin on their new ATH during the bullish after halving. But for most altcoins, this really makes sense. We may love certain altcoins so much, moreover the new one. But, we must be more realistic. As long as we have got big profits, why not for selling? So, we can earn much money from profits and can use the capital again to invest in other gems, right? This is more realistic. But there are also some things to consider, including tot eh criteria of certain altcoins that will probably be rising up in certain times.
Hoping for a 1000x unicorn investment is unrealistic and is basically the same as gambling. Hoping for any kind of return, no matter how small, just because you have done your research on the company and truly believe they have a service or product that will be profitable is a realistic and smart investing goal.
It all depends on you and how you choose to invest. Hoping to get lucky should not be part of your strategy, obviously.
Other unrealistic hopes and goals will also work against you, from a probabilistic viewpoint.
As long as you do your research without any bias, you are as realistic as you have to be in order to make smart decisions when it comes to investing.
It all depends on you and how you choose to invest. Hoping to get lucky should not be part of your strategy, obviously.
Other unrealistic hopes and goals will also work against you, from a probabilistic viewpoint.
As long as you do your research without any bias, you are as realistic as you have to be in order to make smart decisions when it comes to investing.
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.
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.
The loyalty only goes to bitcoin.
But it's true that there's no need for you to be diehard on any of them which is specific for most altcoins. You have to sell them for you to take profit and that's what you have to do.
That's the realistic part of investing on this market. You can't hold forever unless you're holding bitcoin and you're for long term. All of us got that long and short term plans on this market.
But it's true that there's no need for you to be diehard on any of them which is specific for most altcoins. You have to sell them for you to take profit and that's what you have to do.
That's the realistic part of investing on this market. You can't hold forever unless you're holding bitcoin and you're for long term. All of us got that long and short term plans on this market.
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.
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.
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.
Been realistic can't get you there, in fact, having high expectations and holding for the long term is better than being realistic and taking profit too early, if you can diversify in different projects something good will happen that's for sure, few alts can strive to survive but few will survive and cover the loss of those alts that failed.
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 ?
Many short term investors has regretted selling their coins very early. We have investors in Shiba Inu, Dogecoin, BNB, Ethereum, etc regretted for taking profits when this tokens first got a ATH.
Just recently people regretted selling Sandbox, Polygon etc too early as if they had held on in, they'll be in huge profits that could have retired them for life and that's why many don't want to sell.
When they see stories like this they become afraid and don't what to have the same stories as this people that regretted selling too early. You should be realistic with your investment but also patience.
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.
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.
Day trades will always do what you say sell when they make a profit, and the current market conditions are very pleasant for day trades because the price continues to increase and in some time falls, just because no one can predict the exact price movement, just traders who are smart enough to use their capital will be able to continue trading because even though they have bought and the price has fallen they still have funds left to buy again while waiting for the price to move up. Investment must be realistic otherwise you will only become a speculator and participate in pump and dump groups is the choice. However, long term holders will get bigger profits, especially if they are able to hold it for a very long period, so the length you hold a coin will determine what percentage of profit you will get.
If i have got a chance to cash out with huge profit and why not? Crypto is always going up and down. It doesn't even matter how long you hold and it will never be stable. I have an assets that keeps running stable and some assets that were stuck in the same place.
People who have received free bucks from arbitrum already sold what they have got. You can check it if there are more than 82% addresses already claimed their airdrop
https://dune.com/thedatanerd/arb-airdrop
being realistic is a must. The smart people will always try to sell when they got good profits and buy later when the price will be going down again. It's a strategy in the crypto.
It can't be judged as something irrelevant right now caused most people are looking for profit from the market, right?
People who have received free bucks from arbitrum already sold what they have got. You can check it if there are more than 82% addresses already claimed their airdrop
https://dune.com/thedatanerd/arb-airdrop
being realistic is a must. The smart people will always try to sell when they got good profits and buy later when the price will be going down again. It's a strategy in the crypto.
It can't be judged as something irrelevant right now caused most people are looking for profit from the market, right?
Do sell when you profit. You can see it's the right thing to do when you already have been in crypto going bull season and bear season because you'll realize all of them are actually selling while if you hold you only lose the money that is supposed to be in your pocket.
The goal is to buy back your coins when the price is cheaper. This is not also easy to do actually but you gotta be doing it since everyone does it. If its an altcoin, don't fall in love with it because the bears will suck out all the money when the time comes.
The goal is to buy back your coins when the price is cheaper. This is not also easy to do actually but you gotta be doing it since everyone does it. If its an altcoin, don't fall in love with it because the bears will suck out all the money when the time comes.
[.....] 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 ?
And what is this pipe dream? Is it to abandon fiat and just use bitcoin or other cryptocurrencies for all transactions? I don't know if there's anyone who truly believe that...there's probably a handful of them. Most people who preach about mass adoption are just waiting for the value of their bags to increase so they can cash out a handsome profit. The market follows a cycle and the traders adopt to that.
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.
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.
If it's an altcoin, maybe I'll go for it and sell the altcoin when it can build up for a certain amount of time. But when the price doesn't increase too much, I'll just keep holding on while waiting for the price to increase. But if it's bitcoin, I won't sell it even if the price could increase a bit because my next target is a price that exceeds the last ATH price.
Each person must have a plan and will adapt to the conditions that occur in the market. So when the coin prices in the market haven't increased much, they must still hold the coins.
Each person must have a plan and will adapt to the conditions that occur in the market. So when the coin prices in the market haven't increased much, they must still hold the coins.
The theory looks simple as we say when it reaches high people sell and wait for the next dip but eventually no one can predict the lows and highs so as an investor it's not possible to be consistent with following the theory in practical world and that's the reality.
And holding a particular coin no matter what includes different reasons too, when we are talking about profits they may already have their goal price so when it reach they have to sell.
And holding a particular coin no matter what includes different reasons too, when we are talking about profits they may already have their goal price so when it reach they have to sell.
Holding a pipe dream you say? You must suck so bad at choosing good projects that is why must have been that holding for the long term is a bad idea, you need to work on yourself and you will be able to identify the next 50x to 100x altcoins, those who complain are bad at doing research.
This only applies in most of the altcoins because when it comes to bitcoins you won't have this kind of problem whenever you have the patience to wait for its price to rise because that's always been the case before and it will be like that from time to time. But when it comes to altcoins, you have different stories because most of them may or may not recover after the price will crash and the only thing you can do when that happened, is to sell the remaining altcoins so that you can still get some of your money because most of those people who wait for the price to recover, ended up regretting their decisions.
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 ?
Number 1 rule of crypto investment, don't fall in love with the project, you are there to make money because you put money to support them and the return of been loyal investors is profits but by the time you become too comfortable, you will end up losing everything you have invested in the project. There are plenty of opportunties in crypto, there is no way staying in one project and been loyal for many years will do you good, as long as they are altcoin, the dump will come and when it does, you will regret why you never sold them earlier when the price was high.
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 ?
It is due to the diverse nature of users in the market. Long Term Hodl and Cumulative Buy are experienced players and analyze conditions and believe in bitcoin and market cycles. Retailers often panic or take profits according to their plans. That is the reality of the market. Personally, I still believe in the long-term race ahead based on bitcoin's halving cycle and the looming macroeconomic downturn. Bitcoin may return to be the best path left for trust.If you trade commercially, sometimes you won't get big profits. If you think that bitcoin and crypto are the short-term path to profit and get rich quick - relying on traditional buying/selling, you are mistaken.
I think your investment decisions should be based on your thesis for investing in the project unless new information comes to light that changes everything. The problem with a lot of retailers is that they invested all their funds into crypto thinking it is a get-rich scheme but when the price goes south they panic and dump their tokens, if you have funds set aside to take care of your need for like a year or you have a job to take care of your immediate need, your decision making would be better instead of going in and out of the market everything. Bitcoin moved from $3k to $69k, this is what people see forgetting the price dumped several times during this move.
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.
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 ?
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