Topic: Know when to stop a HODL/HOLD - page 40. (Read 41115 times)
Many people are in favor of "HODL" tactic and I am not against it as well, but inexperience with assets is going to destroy many portfolios full of ICOs, especially during the phase full of developing and brainstorming. Almost half of them is going to die in a few months, several won't make it through the first two years and even if your project has gone so far, no one can guarantee that you will not be in loss. I am personally a terrible day trader, but it is smarter to take out profit/ your initial investment while you have an opportunity, because another might never come. On the other hand, you can short it and actually gain greater influence over the network, which only strengthens your position and profit if the price is going up.
That is absolutely correct. HODL actually is a way to cut losses but we have to use it skillfully. How? Always get an update throughout social media groups of that specific altcoins you invested with. Being updated with the news, to its websites and possible airdrops are also some important things to remember. That way, you will be able to know when to stop the HODL.
I think that the only thing that beginners should do is to participate in bounty companies and preferably in the signature, because this is where they can start earning and without losing their money and gaining useful information about cryptocurrencies and the rules of the game.
Some times when a coin get listed on exchange and you decided to hold for sometimes, later on the coin turn to shit. Meanwhile you may decided to sell coin and the coin may later moon. I do tell my friends, always follow your mind thought when it comes to issue of hold.
there are two(2) essential strategies things to manage in crypto
1. PATIENCE: do not be in a haste to sell so as not to sell at loss.
2. GREED: Know when you have made your target profit and sell.
if these aforementioned key strategies are not met, a crypto trader might find him/herself in a discombobulated situation. please know when to stop holding or rather sell some parts.
1. PATIENCE: do not be in a haste to sell so as not to sell at loss.
2. GREED: Know when you have made your target profit and sell.
if these aforementioned key strategies are not met, a crypto trader might find him/herself in a discombobulated situation. please know when to stop holding or rather sell some parts.
My plan is holding the coin for a couple of years more, I don't expect this year price will reverse but I strongly believe great future for bitcoin and crypto currency, next year I expect some huge change in crypto from this current market, price will rise. I think patience only way you can invest in crypto currency,Crypto is very violating markets in the world, you can good money in less time same way you can lose money also, so be care full invest in crypto, invest money if you are extra money in your pocket.It was not even up to a month ago when I bought bitcoin so I will not benefit when I trade it at the moment. For that matter I am going to hold bitcoin and all my altcoins for a long time and I'm very confident things will turn around.
Every investor should know when to hold and not to hold their coins but before doing so, every investor should have to know the basic technical analysis of market trends. Make use of the price history for your personal analysis so that you may know if that particular coin you are holding still has the chance to make a recovery or not and then decide what you think is best with your investment since not all the holdings will make you profitable.
You extremely right about this. If you do not sell your altcoins in right moment, you can easily lose all of your accumulations
So this is still looking at which coin, because not every coin will be kept until it grows, some, for example, most likely never grow!
Stop Holding when there is no reason to hold in to the token for any longer. If you think that the coins is not making any progress even if the market is at its best, you should have to let it go and move on. Look for another prospect coins with so much potentials, watch to see it grows and be rewarded by having it.
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?
Like you said, its not about how long you are holding for but about how smart you are. My own philosophy is invest when the market is falling, hold on the way up then sell when you feel its the right time. What are your thoughts?
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?
What are your thoughts?
When I was a newbie, yes I easily get influenced by the different post that I have read. For sure, I am not the only one. Yes at first I think it is that easy to hold, to trade, to guess but no. We should really know what we are entering. Yes that is right. We must know when to stop because we will not hold it forever. For me, I stopped holding it when its price rise (but not just simple price increase). I also do sell my coins when I noticed that it keeps going down because it will be cery difficult for the coin to recover because not every coin is like bitcoin.
Yesterday I sold off some of my altcoin that was dumping daily. Guess what? I woke up today and saw that it has dumped the more and I now have a better value for my bitcoin. I have the choice of buying back at a cheaper rate, but am not in a hurry.
I have also believed in the notion of just holding your investments. The sad part is if you have bought at an all time high then there will be inevitable losses. Sometimes you have to decide on when to move on. But if you truly believe the project and you are in for the long haul. Then you can stick to hodling.
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?
What are your thoughts?
Obviously, holding will be the least that they can do rather than selling at loss and besides they bought it as they believe on it. I'm not saying hold it forever but hold ot until you see your profiting and this can attain by putting a limit on how long you'll hold.
On a contrary, holding too much can make your coins worthless especially with the current situation of altcoins. You'll see some of it dying along in completion of their roadmap. But of course bitcoin is different story here.
If I see that a project is going downwards because the developer has abandoned the project, the coin development slowed down or stopped
or something fishy is going on then I cut my ties and try to break even.
Rule #1: Don't fall in love with a coin/token/crypto project.
If you let your emotions decide which investment to choose you will fail. Period.
or something fishy is going on then I cut my ties and try to break even.
Rule #1: Don't fall in love with a coin/token/crypto project.
If you let your emotions decide which investment to choose you will fail. Period.
You should know when to stop hodling your coin when you already know that you are making profit otherwise you might result into losing your money.
I think this bear market taught everyone that hodling is a stupid meme right? You didn't need to be the greatest trader to take some profits, or cut some losses, here and there after an alt pump. If you really believe in a coin then rebuy lower increasing your stack, just hodling til you are 95% down (so need a 20x to just earn something) was definitely not a smart strategy, no matter the future gains, if any (not every coin will recover its ath, that for sure).
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?
People tend to let their emotions make their investment decisions for them and when you do that you always lose money. The right time to have been selling was back in January and the right time to buy is now. A lot of newbies are scratching their heads because they bought and held coins but they did not go up, they went down instead. The fact is that "long term" means years and not months and you should treat this dip (because that is what it is) as an opportunity to buy more at cheaper prices. What are your thoughts?
At least have a friend who provides a solution that might be better, but it will be an opportunity to be able to survive, and when the situation is down then it is necessary to be released.
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