Is it wrong to be a long term holder - page 7.

cryptomaniac_xxx

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Probably they wanted more, simply as that, people tend to be greedy most of the time that's why they don't want to sell when they are already in a big profits. So it's a gamble for them, they could win and grow their investments more, or lost it when the price goes down, that's how the market works so I guess everyone knows that. So for everyone, it will be a very expensive lessons to learn, not taking profit when you have to and keep on waiting for the price to still go higher.

DoublerHunter

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

^ There is nothing wrong if you will hold for the long term, as long as you can see the coin on your hand is worth it in the future. You can always monitor the coins you have. Because not all of them will give profit, the project that has a real product will most likely succeed in a long period of time. Sometimes, we can't able to gain profit in a short period of time that is why I always prefer a long-term holder. Long-term holding is not greed, you will probably see a right time or a perfect time when your profit was there. Because it is insane to sell your coins under the lowest price from the purchase.

Viscore

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I really don't like greed, but this trait is shared by all humans. Talking about greed is never enough with the results already obtained, those who are greedy always want more than what has been produced. in many cases they will regret the consequences of greed. it is very important in investing to set profit targets with a full sense of commitment. basically the analysis we make will not happen with certainty. That's why it's important to set a target with a sense of commitment.

What you say is true, but in terms of holding and guarding coins very well it will not be included in greed because the long term coin holders never take it into a trade, it is entirely up to traders who do not set their targets and goals when trading on some exchanges and on some coins.

There's no wrong being a long term holder because its what exactly that give us huge profits from its long time of waiting. Either its about greed or not, but its the profits that we are after to and so we may make profits or lose it will totally depend on the holder itself. I think no one's gonna sell if you see prices are already in dips so maybe its another way round of holding again.

Trading after a long term holding is always expected so we can realize the profits that we have generate. And we may be lose or gain profits at the end of the day, its not important as long as the holder set his target price when to make profits and has only followed it.

Natalim

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

long-term holders of course have a good analysis and are ready to take risks that will occur. I'm not saying they are greedy, all crypto users have set the flow to invest both short and long term, and they have studied the market potential well. and even if this error occurs it also does not reduce the finances they have because long-term investments only expect profit targets, all daily needs have been well managed and that is money outside of their investment.

It's just that long term holders are more patient and hopeful that the price has all the chances to get higher than the set ATH. It might be a little greed for sure but i don't think someone might be responsible with your account because its your investment so you have all the right to sell it or not.

I admit it sometimes i tend to be greed because i know the coins will still be worth more and sometimes i became profitable, sometimes i also end up selling at the dip. But i never regret all what i did because i know i'm all responsible for my own actions.

Coyster

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

It's somewhat a personal decision for users to take profits when they want to, so being a long time hodler isn't a bad choice, most times though it could turn out to be a bad choice/decision if the coin you're holding is a shitcoin/pump and dump coin, the thing is, there are quite a lot of coins, mostly altcoins that are short term projects, and as such it's much better to take your ROI when you get them cause if the coin dumps, it may prolly not appreciate again, but if you're holding good and long term coins like Bitcoin, it can be really productive to hold it for a very long time, and even if there will be price corrections along the way, it will definitely appreciate back up again.

marcous

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

There is absolutely nothing wrong with that, because everyone who holds a certain coin or token has very strong reasons against it that he prefers to hold it rather than release it into the market, and one more thing is that he might be afraid of not being able to buy at a lower price again after releasing at a high price, because the lowest price of a coin or token is not always at the same point as before.

seleme

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What if the market triples the total value in 6 months? Long-term holding is the way to prevent accepting investing decisions on a short-term basis, I prefer to wait than giving back all to market in daytrading.

Baimovic

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Everyone certainly has different expectations and sometimes someone's predictions are also not the same so there may be some of them who still expect higher prices with very high beliefs and that's not wrong, but if I find the assets that I keep experiencing a very high increase even though I just held the asset then I will take advantage of the increase and will wait for the price to fall again because I believe the high correction will always exist in crypto.

dothebeats

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I don’t think there’s anything wrong being a long-term holder. If you are not the trader type who goes out of their way to draw lines on a graph, or if you have other matters in life that needs urgent and constant attention but you have the money and you want it to at least gain something out of it, then long-term holding is the way for you. Sure, people might urge you to take profits at times and convert to cash, but again it’s your own money so whatever strategy you employ, you follow.

Of course, you might regret not selling @ the ATH, but over time, your investment still gained something without you doing anything, so what’s wrong with that?

ryzaadit

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The reason is nothing to lose.

Most the people who already got again with a thousand % will save his initial capital investment first and hold the rest. That's is one of the main investments, you take your initial capital and hold the rest until the price can hit just 5x-10x from initial price coin.

isaac_clarke22

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

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Because it's a trap for sure. It is whales trying to make those people that are new to go on and take profit already and making them dump their coins, and from that the whales happened to just go and take their coins that they had dumped.
After that the price will then go back up, making those people that had dumped their coins to regret their decisions.
It happens as well when there were crashes.

otundebis

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It is not wrong neither is it right to hold on to a coin for long term, it is simply depends on your objectives and price target you want to achieve! The ability to take profit should depend on your goals and objectives before you started holding, and once those expectations are met, it is logical thing for you to sell and realize your profit! The reason some people refuse to sell is because of change in their perceived value of the coin and sometimed, other new developments that could benefit them may arose and if they sell, they may lose out on the prospect of the added value!

sukmo

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Exactly is satisfaction.
When a person makes an investment of course they will already predict the price that will be achieved according to desire.
In that position an investor will be tested mentally, whether selling or staying hold.
Of course, all decisions are based on research first.

gurunanakji777

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You are very much right we generally all talk about greed when the market dumps. If we took the example of BTC, Ethereum, BNB and ADA and it's not wrong to hold them for long term because we know these coins have to go long way ahead and it depends on us at which point we will book the profit but target should be logical whether its BTC or BNB even market gives chance to buy back also. Generally, long-term holders are those who don't take stress whether the market drops or not or you can say they have full trust in their holdings so they don't sell in haste.

Ararbermas

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

probably it's because they believe that the coin will go more higher in the future wherein reason they keep holding even despite they have good profits already, indeed they will not do such way if they don't know as well what will be the results after all because it's quite skeptical. And for me in my view mostly who used to keep holding are traders because they can make TA to see the potential of the coin by monitoring the graph of the coin, unlike investors that sometimes can't exceed more because of lack of information, i mean some of them always ride only to some news but when they see that their investment is gradually decreasing, panic selling always occur in order to save their profits. Not the same with traders..

BIT-BENDER

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Quote from: Bitbtc8 on September 10, 2021, 01:12:23 PM

Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

Timing: some crypto-coins might be going high but investors that bought it during that high rising, won't take it out because they haven't had their target profit on the crypto-currency.
Legacy: some people actually have crypto-currency that they aren't incubating any plans to withdraw, to them crypto-currency is a legacy they want to leave for their next of kin, family or friends after they have gone out of this earth.
Enthusiast: they keep crypto-currency just the way ordinary people keeps Naira, dollars and other currency in Fiat, they want to use their Bitcoin to buy goods and services, they aren't investor's.

bitgov

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It may be greed or part of their strategy. For instance, there are HODLers that have made there mind that they will sell BTC when it will be at 100,000$. Now whether BTC is at 60k or 30k, they are not selling it since its part of there strategy.
On the other hand, greed is a factor that let people keep on waiting for higher and higher value for there coins and end up selling at dip. Since price cant go up all the time.

Bitbtc8

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Why do people refuse to take profits when their coins and tokens are surging so high? Should this be called greed or they simply have strong believe that the coins and tokens will worth more in future? Is it wrong to keep holding coins even when they bring 1000x profits cos everyone seem to be talking about 'greed' here and there

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