Topic: Know when to stop a HODL/HOLD - page 2. (Read 41123 times)
Yes for me its always been that way, need to know when to put and pull my money, and where i put my money. basicly it just about predicting and finding the right time. but sometimes that can also give me more lost or less profit than when i just hodl. also i think the most important is you need to have experience on this market. Their advice is just hold your coin its because they believe even if the coin dump they believe it will be recover sooner or later so that your not gonna lost the value in a long term.
Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
When the current price of coins that I can say is unstable, it's better not to hold on but keep trying to be active in the market and buy other coins. The average person is easily affected. Be careful and stick to the principle. What are your thoughts?
Exactly! I have always believed holding is the best decision anyone can make as regards crypto assets. Alas! So many holding decision have backfired on me.
I don't know, I'm a person who can't hold assets for a long time. I am always tempted to trade assets that I have. especially some altcoin assets that have a fairly high movement and trade. it will make us more anxious to quickly join the trade.
Yes you are right. It is a very important people I am one of them who love to invest in long-term things but I also think that if you have a great time for liquidation then always do it. Atleast liquid 50-60% or even more if you want. Cause sometimes you wait for greater price and end of the day you accept nothing but some loss. So it is very important to find a right time to sell off. Holding is good always good. But liquidation is also very important atleast liquidation at the right time is very important.
Exactly! I have always believed holding is the best decision anyone can make as regards crypto assets. Alas! So many holding decision have backfired on me.
Before invest, investors should identify prices to take loss, yes, to take loss. Identifying take-loss price before invest will help investors have better neutral overview on what they should do in bad situation. They might or might not stick with their original take-loss price, but they should stick with it. It will help them to control their emotion and reduce losses when price falls below those range.
no problem if you want to hold or sell when you get it. just dont put under price, if you sell above the price before im sure it will grow slowly. and you make contribute to rise the price.
i often try to hold, hope it will be more and more for a week. but eventually the token will be forever in wallet. its dangerous because it can broke the real price. investor lose their confidence to invest
i often try to hold, hope it will be more and more for a week. but eventually the token will be forever in wallet. its dangerous because it can broke the real price. investor lose their confidence to invest
Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
Most beginners are easy to influence and they will immediately believe it while investment in crypto is not just holding and waiting for a few years. Sometimes the investments we make do not match what we have predicted so we have to decide when to sell them and cut bigger losses later. So, for beginners it is better to observe and analyze the suggestions from several people before deciding to invest.What are your thoughts?
Every trader must have a buy, sell and stop loss target, otherwise I believe this trade is not planned and poses a risk of losing our assets. plan your trade well to get maximum profit.
Greed is the greatest undoing of many traders and investors, just know that you cannot have it all, know when to call it a quit and exit the market and be free, the desire to wait a little longer for more profit and recovery without any clear sign of market direction is a killer
Well if you can hold and wait 5 months or years, it can be profitable if you invest long term.
If you’re planning on day trading, then learn to read how the chart works. It’s not always 100% accurate with prediction but you have to learn to be one step ahead and study the psychology of the market.
I did full time day trading in 2017-2018. (Part-Time now but isn’t as effective because you don’t know every markets’ movements)
Don’t trade base on your emotions.
Also almost every coin outside of the top 300 are most likely shit or scam coins. (and a few gems)
If you’re planning on day trading, then learn to read how the chart works. It’s not always 100% accurate with prediction but you have to learn to be one step ahead and study the psychology of the market.
I did full time day trading in 2017-2018. (Part-Time now but isn’t as effective because you don’t know every markets’ movements)
Don’t trade base on your emotions.
Also almost every coin outside of the top 300 are most likely shit or scam coins. (and a few gems)
For people who buy BTC as a form of investment so far there had been proven one golden rule - if a mainstream media will be all hyped by BTC price reaching all-time highs for yet another week/month (as we call it "breakfast TV BTC frenzy"), it is wise to sell it.
Of course, it will not give you the precise moment when the peak price will be reached, but if you do not have much trading skills it is one of the rather most reliable hints when to sell it.
Unless of course you are the HODLer who buys BTC to use it on a daily basis as a method of payment. Then, of course, you do not stop.
Of course, it will not give you the precise moment when the peak price will be reached, but if you do not have much trading skills it is one of the rather most reliable hints when to sell it.
Unless of course you are the HODLer who buys BTC to use it on a daily basis as a method of payment. Then, of course, you do not stop.
A coins I keep for a very long time , but always watching for the coins , if the coin for the month made X5-10 then of course I will sell it and periscopus just below.
holding takes a lot of money and long time depends on the currency you hold, You need to determine your profit percentage and sell it before that amount falls deep. The greater the risk, the higher the risk, good luck
Holding has a different types, some Holding to lose and some Holding for bigger profit ,when market is in red its wise to still hold your coins and when market is in green its wise to let go and don't be too greedy and at the same time don't be too impatience for a greater success and to acquire a good profit.
it is very difficult to say when to stop and when to hold but we can go through the chart pattern and then we can come to a conclusion
Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.
What are your thoughts?
That's true I was a victim of that word HODL when I was a newbie, all I thought all the coins in the market will reach thousands of dollars in the future I was I HODL all my coins, and was shocked to find out that most of my tokens are worth pennies or worst no buy order.What are your thoughts?
Holding some coins on your portfolio for mid to long term is OK, but depends on the coins you choose to hold. Do not just hold coins because people said it's good, without doing your own research. A good coin should have very good project backings, steady developments and follow their roadmap. Also, know when to dump, especially when team has abandoned a project.
I still prefer to hold than to sell a very cheap price. The conclusion I make sometimes, most especially when I see people who dump at unreasonable prices, I feel they are very poor and all they need is a food of $1 on their table for that day. Such people do not believe in saving.
You say is correct. Not always retention is a good strategy for crypto. You also need to be able to close positions in time. And most importantly do not be afraid to do it.
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