Topic: Know when to stop a HODL/HOLD (Read 41077 times)
For me, I was tired of seeing prices rise or fall. I am more interested in the platform. When I choose Alts with good foundation, I will HODL to my target, #Tokoin is one of my favorite Alts and I have invested the most assets. I think you should learn #Tokoin.
IMHO there is 2 strategies, 1st you are looking after your holdings and cut the loses immediately, or just invest in a broad manner and stick to hodling strategy for a long term about 3-5 years.
Every time when you buy some coin you need to draw in your mind number when you sell for profit, and how many you can afford to lose on this investment its golden rule.
Knowing when to hold and when to let go is a great trading act one needs to learn about. There are many factors that can influence the decision and whatever comes out of it, one should be able to live with it. Best is to know when to cut loses. There is nothing wrong in holding. There will be disaster assuming everyone decides to sell and no one to hold. If this happens, consider the coin/token already dead.
With such skills, you will then earn millions of dollars. I think that we should gain experience in the cryptocurrency market for years. Only from experience will understanding of the trends in this market come.
Knowing when to hold and when to let go is a great trading act one needs to learn about. There are many factors that can influence the decision and whatever comes out of it, one should be able to live with it. Best is to know when to cut loses. There is nothing wrong in holding. There will be disaster assuming everyone decides to sell and no one to hold. If this happens, consider the coin/token already dead.
For most crypt fans, simply holding is the easiest way to make a profit. But they have to choose good coins for that. From time to time, the price of the crypt can fall but inept traders can lose a lot more.
This is not a way to get rich, from 2017 to this day, those who kept in the long lost a lot of money, you should always be able to enter and exit the coins, bitcoin is only a coin that can be held for a very long time. 
of course you are absolutely right, many beginners are influenced by hodl and just hodl and how did that happen? in my opinion the lack of knowledge about investment can be a disadvantage for beginners, we have to look at long-term projects from coins / tokens that we have to invest on how the project program runs according to the roadmap
The whole idea of how much the potential benefits that once investors can have dealing with long-term holding is what more investors believe. They wanted to keep the assets as they will continue to wait for the market to bounce back and give them the benefits that they are aiming.Those newbies who don't have enough knowledge will keep tailing the idea but without realizing that there's also understanding that needs to be done. They won't succeed from dealing with this process.
I only choose an exchange that is really reliable in my opinion, but of course I will personally adjust which exchange has a smaller fee compared to other exchanges, but sometimes we also have to see how reliable the security that is owned by the exchange so that we do not need to be afraid of losing assets we have in the exchange, and to do the exchange research, whether they support all types of coins that we want to trade or not, of course we also often monitor the exchange rates because of different market capitalization and exchange volumes.
We should all understand that it's not about hodling a coin for long or not, the market will determine how far the price will go. Whether it will take months or years for price to moon it all depends on the flow of the market.
of course you are absolutely right, many beginners are influenced by hodl and just hodl and how did that happen? in my opinion the lack of knowledge about investment can be a disadvantage for beginners, we have to look at long-term projects from coins / tokens that we have to invest on how the project program runs according to the roadmap
I have never held Altcoin for a long time because altcoin is currently not good enough, searching for information is very important, I have found a telegram for trading so all my information knows there so which ones should be held and which ones are short term.
As traders, we must know the right time to sell or hold and to do all of that we must really understand in looking at price movements, and also the market, whether it tends to experience Bullish or even vice versa. In a trade, we also have to look for information about the development of altcoin that we are currently investing in, so, we will really need reliable references, so that we are not wrong in making a decision to keep holding or selling.
Before holding coins, you should do thorough research on the coin so that you won't regret later. The outcome of holding a coin especially for long term is a two way thing, is either you gain or lose. Basically, my best picks for long term are coins with solid projects and low market cap, which have room for growth in future.
The second golden rule of every investor is knowing when to quit the position. Besides diversification, there are no successful traders that have just bought another crypto currency, got lucky and are now billionaires.
Now, it is time to hold your altcoins. If you already bought good altcoins and out of fund, just hold your coins. If you already bought altcoins but still have some fund, let's try to accumulate more. If you have not bought them yet, now it is good time to accumulate them at cheap price.
I have the same thoughts as you. But newbie really shouldn't try to prove his ability, I've been like that and I've lost a lot. I didn't listen to the analysts and traders, I believe in myself, a brain without trading experience in the crypto market.
The lesson is not to try to be extraordinary, listen and learn, we will become better if we understand the characteristics and how to analyze the charts.
The lesson is not to try to be extraordinary, listen and learn, we will become better if we understand the characteristics and how to analyze the charts.
For most crypt fans, simply holding is the easiest way to make a profit. But they have to choose good coins for that. From time to time, the price of the crypt can fall but inept traders can lose a lot more.
You are right, there are some coins that cannot last long because you have to know the threshold. With this, you must look smart and know when to sell your coins. Too much holding coins that do not have price developments can really make you lose, make sure you invest in coins that have a stable price development.
In my opinion, Hold on dearest life is one of the keys to improve the prices of the cryptocurrency so the newbies in crypto world must've read articles about cryptocurrency and know when to sell crypto right to be able to earn big amount of value. If there are lots of dumpers in the market like newbies, the prices of crypto will decrease so I would like to suggest that holding for now is a good decision for future.
Hodl all the time. Btc will go up so many years from now. Sometimes I want to sell and think I should have then the price goes down like recently I wanted to buy things when it was at 12k now it is a bit over 10k last I looked. I need to be patient during those months the price is down.
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