Topic: Is OK to sell but is better to wait (Read 293 times)

Investing and exiting that investment is entirely a personal matter of an individual. a person invests for profit so I don't think it is bad if he exits his investment if he gets his desired profit. because cryptocurrency is such a thing, if you don't take the right steps at the right time in any investment, you can face huge losses at any time. So if your friend gets his expected profit then of course he can sell it

It is natural to take high risk for high profit. So if your friend is then satisfied with the current profit. and unwilling to take risks for greater gains. then it is his personal matter. but no one can guarantee that if he holds his investment then he will get more profit in future days. so he must hold at full risk. So I would never advise him financially that if he holds his crypto without selling it he will definitely get high profit.

Holding to your coin is not a bad one but come to look on some issues most of us are facing that's what make most of us to sell out our coin, initially it might not be our intention to sell but due to what happened or what we face on a daily that what I think makes most people sell and also holding a coin is at your own risk what if the price falls and it happens that you no longer have any in it or still have little in it that it not up to the amount you deposited what will you don then, so don't look it at the other hand that your friend can't be patient nooo just know it just our mind set because I wouldn't say it right to HOLD or not but you have to consider with yourself if you can HOLD OR NOT.

Why you search for advice instead of having your own decision what to do with crypto? Do what ever you think is acceptable. If you are holder, then hold, if you are a trader then sell. We dont know what was your goal when you have purchased your crypto.

It's not actually a bad move to sell quickly as long as you earn a profit, I mean profit is still profit and you still earn on that, you know that being greedy wasn't good for everyone so if you think you already earn a profit you could just sell it and it's not a bad thing to do. But of course, if you plan to invest in the long term especially if you waiting for the bull run it would make sense not to sell if you analyze the time high you know that there is still a huge gap and room for profit. It's not easy to hold or diamond hands on your investment but it will pay off when you finally sell it to a fair profit.

Remember to not be greedy because investing in cryptocurrency is just like a gamble so it's always a big risk, a volatile market could easily drop and if you don't have the cash to sustain yourself you might just sell it at a loss.

Of course, every investor has an investment plan. if the target is a new ATH, then under any circumstances when a pump or dump occurs in the market. investors will not give up their Bitcoins.
I chose to let go of some with the profits I got. although I have faith in Bitcoin for the longer term, some of my initial planning regarding the price Bitcoin has reached has already been achieved. so I took some off.

I don’t believe in long term investment for altcoins, buying altcoins is gambling imo because most of the altcoins fanatics do not research the project to see what the mission is or if the project solves any real problem before they invest in it. The guys who are attracted to altcoins are mostly those who missed buying bitcoin early and now want to make money from crypto because of the success stories they have heard. So they buy the trending altcoins because of the possible profits they can make from it.

How be it every crypto investor could be patient enough to be hopeful of the future of bitcoin and just buy and hold for as long as possible cause there's no way bitcoin won't be profitable to all investors as long as you're patient to see your investment pump, that's why we always advise to look forward for a longer term.  The price at which we see bitcoin rising to right now  would only excite those investors that don't believe in the future of bitcoin to go to an ATH beyond the previous,  with a little profit they would be forced to take profit based on how volatility might test their resolute to keep holding. But one thing for sure to those that keep on holding for the future there's a profitable future for bitcoin investors as the bear season will eventually emerged.

Some people just wanted to secure their capital and to have some decent amount of income from their hard work when they patiently waited for the right price to sell their bitcoins. now that we see the price of bitcoins rising slowly, we would see some investors taking advantage of the current opportunity and they are some people who were waiting for this to buy bitcoins from them. But still, there are people who also patiently ignore the crypto market's positive price despite their need for cash, they still choose to hold their BTC until it reached a new breaking-record ATH next time.

To the newbies who made little profit from their bitcoin investment and want to quickly sell it off, is actually nice to sell your bitcoin as it is yours but the profit will be so massive of you are patience enough to apply the hold strategy. If you hold your bitcoin for a longer period, you will smile at the time that you will sell it.

Individual difference is what it is, being eager and self-convinced to invest is easier than being patient to hold, but those that sell out of panic are investors who are not yet old enough in the game (lol). I remember when I first bought 1000 MATIC in 2021, the price was so low, then a week later, the price increased, and I was already making 20% profit. Out of panic that the price may drop, I sold, and just two days after I sold, the matic had a massive pump. Holding is not just for weak hands, but if one must be a good holder, one must also learn to accept the end result, because sometimes the end will always make you feel some guilt for not selling in the first place.

I've learned that when holding crypto, I just have this strategy where I always set a selling price for my asset and never reduce the order price until the price spikes to that level. Because the market is always unpredictable, the moment you reduce your order price and might have sold out, that's when the price will spike so high. If you don't want to panic, lay out a goal of what price you really want to sell at, and until you see that price, never sell. Just keep believing that your target price will come, but that's only for Bitcoin. Most of the time, altcoins are similar to gambling. Just an opinion.

Mr.Strange 👺

Not all people see the future like you see it and it's hard to guess who will be right at the end. You seem to think that Bitcoin has room to grow more than that but other people obviously think it will drop again soon, and we can't blame them for protecting their funds, because nobody will pay back their losses, in case of a drop. Moreover, for being able to buy Bitcoin at one price you need to have people selling it at this price, so selling is a good thing to let bulls like you buying at what they consider to be a cheap price, no? I would add that you can hardly make money by just waiting for a bull run to happen, so trading could be faster.

Well it's not that those people have a lack of discipline. There would be times that there would be an urgency to have some fiat in your hand, therefore some people just do not have a choice but to liquidate their Bitcoin and that's perfectly fine. It ain't worth being homeless just to keep the pride of being a long-term hodler.

I can recall a lot of these kinds of scenario back when pandemic was still at its worst times. It just happens that people really need money to survive.

Well, that depends a whole lot on what you are hodling in the first place, if your portfolio is filled with altcoins, which are known to be pump and dump/short term projects, you might want to sell the moment you are in profit because hodling it longer that necessary might result in a huge crash for the coin, leaving you on the receiving end; even if you are hodling an altcoin and it starts to dump, it is better to sell off and cut some of your losses, than still hodling it thinking it might appreciate again, so many altcoins become extinct after a huge dump, so you would not want to be a bagholder, would you?

Having said that, if you are hodling Bitcoin and you haven't invested more than you can afford to lose, which of course gives you the liberty to hodl for as long as possible, then you should not sell, if you are patient, in the long run you'd reap the rewards of hodling your Bitcoins.

It is hard to stop looking at your wallet often as a new new investor but I think the best advice is to look at it periodically. Sometimes people are not patient enough to wait until they make some reasonable amount of profit. Having a good investment plan could help new investors stay focused and not distracted by predictions from all corners. Not investing more than you are able to loss is another helpful tip for new investors because it will reduce anxiety and fear.

People can sell their coins because of pressing needs or uncertainties such as health issues or other problems. These circumstances might make an investor not to wait for the bull run. It is also possible that it is the profit margin the investor has set for his investment. If he gets to his profit margin, the next action is to sell his coins. But if his motivation to sell is influenced by the fear of the unknown, he should be patient because the big bull run is coming.

People make the same mistake in their early days in crypto. No matter what coins they were holding. I don't know what coin he is holding at this moment. But, If he is holding a bunch of shitcoins with extremely low or no potential. He must be scared about it. In this case, I won't suggest he wait long. It depends on what he is holding. If he is holding Bitcoin, I will give him faith and hope so he can relax. Let him understand how it works. You may suggest he read fillippone's explanation Stock-to-Flow Model: Modeling Bitcoin's Value with Scarcity.

Rule of the game is you don't want to be giving back any profit that you have made from the markets and one needs to take partials when you have the opportunity, failing to do so means if prices goes against you any profits you were suppose to get means it will go back into the markets.

Quite alright the name of the game is to hodl, but let's face it  you don't want to hold onto winning trades forever, your buddy was right to take some of the profits to secure the bag.
Like the say, money will never be enough and it's better to not hold on forever thinking you will be a millionaire overnight.

I used to be in that shoe, and I just wanted to sell at every little price increase in order to buy again when the price dropped. I had no idea I was wasting my time because I frequently get it wrong and end up selling at a loss. Trading fees are always deducted from my savings, resulting in a loss.


My advice now is to keep holding out for better days. When the market is in an uptrend, don't get too excited about small price increases. Wait for the mega bull run, and you'll be so excited you didn’t touch any of those coins during this period of temptation.

In investing, like running a marathon, need strong nerves to run to the finish line. The weak, unable to control their emotions, will fall out of the race. It will take a lot of patience and endurance to wait for good dividends from investments. If the anxiety doesn't go away, then the profit will be less or it will not be at all, just like in the race. Who lasted and ran to the end, and to receive a reward.

If it's easier for your friend, then let him get rid of his assets. Let him not torture himself and try to do something else.

Whatever you think is good still has bad consequences both in the short term and in the long term. We all probably already know what the consequences hold, the same goes with trading. Price volatility, security risks, user errors and other threats can make your bitcoin disappear and you will have to bear the loss. But we are not only thinking about the negative things, while many other positive things such as future potential can also be expected. In the end, the best advice is always to invest what you can afford to lose and minimize any risk.

Optimism about the future and the possible long-term gains is what we often hear from many people. But that's not without reason, and in my opinion bitcoin is one of the best performing investment assets compared to gold or other physical investment assets.

There are two types of holding on to bitcoin the short term and the long term. Maybe your friend actually invested the money he can hold for long and for him to see a little profit I don’t think it’s wrong to go home with it. It could be that he his new and doesn’t has that patient yet to hold for long.


If the intention is say it as you stated then such person shouldn’t have invested that money into bitcoin. Money meant for short term expenses should be kept away from bitcoin because of the volatility. Should this money be invest in it one could lose some of it, if the market stays bearish for that short term. Only long term investment money can easily be saved in bitcoin to avoid much risk