Topic: Know when to stop a HODL/HOLD - page 7. (Read 41123 times)
That is the important strategy knowing when to stop holding in the other side if you do not know when you are going to hold it might be lossing your profit because you do not know the development of that project and the opportunity to gain profit is useless.
When I hold some alts I usually try to keep my eye on its price, so I sell when price stars to go down.
You are good then. Some people still hold even when they see the going draining daily. I can only hold a coin when am really sure I want it for long term. That way, I take my eyes completely off it.
Not all projects are suitable HODL.
I am agreed on this part that holding for all projects is not suitable, many a project can turn into scam and also many project might be delisted and for the delisting the price of the coin can be down and even the price of the coin can be 0.There is more 2000 different coin and token in market and its true that not all project are suitable HODL. Many exchangers delisted the project from market because many reason and one of that reason is the developers team no longer active or daily transaction volume very low. Better choose altcoin with big daily volume and the developers team always communicate with community
Not all projects are suitable HODL.
I am agreed on this part that holding for all projects is not suitable, many a project can turn into scam and also many project might be delisted and for the delisting the price of the coin can be down and even the price of the coin can be 0.using different teams and offer another sort of ideas, always best to make a good research about projects to support and hold for longer terms.
Not all projects are suitable HODL.
I am agreed on this part that holding for all projects is not suitable, many a project can turn into scam and also many project might be delisted and for the delisting the price of the coin can be down and even the price of the coin can be 0.using different teams and offer another sort of ideas, always best to make a good research about projects to support and hold for longer terms.
With regards to holding, you don't just keep any ordinary coin in your wallet and you just watch it continuously going down without selling it. There are only few legit projects that are worth holding because you know very well that such coins would surely rise after any massive drop.
IMO holding is about speculative the right point where another strong reversal starts and throw the market deep down like 2017, those times coins are 10x mostly and people aren't care about a surface project that worthed $300m for no reason. Basically you have did some research, and make a realistic future value that asset is suppose to have through it development and appreciation. You don't mindlessly hold a shitcoin hoping it to 100x in months. There's volume associated, lots of characteristics to determine a good project to HODL, you do review your position time to time, taking your profit to sell and buy a little more.
Not all projects are suitable HODL.
I am agreed on this part that holding for all projects is not suitable, many a project can turn into scam and also many project might be delisted and for the delisting the price of the coin can be down and even the price of the coin can be 0.
One of the main reason to hold cryptocurrencies is to gain profits but in the crypto market, we may see the sudden pump and dump in this scenario we may be vigilant to hold the coins for fast profits or else the coins profits may be blocked for a long period of time
Its up to the one holding the coins and tokens ,every one gots their target and when that target is reached they decide to sell some or sell all ,like me I have my target to and I'm playing not to be too greedy
to keep coins is also an art. You should always know when to drop these coins in time and when to hold them for a long time, because I think the best project for holding is 2 top coins - Bitcoin and ethereum. They can withstand long-term investments
Here the OP said about when to stop holding and actually Hold was done with the aim to get a price increase or an investment that certainly had a target. with the target if it has been reached it will stop their hold.
People who don't know when to stop are consider pro because I have friends that get into crypto very early and they have 100 to thousands of bitcoin ,Its what crypto world called whales ,they never even sell till date ,they believe its not yet time
I can say that I'm a beginner, but I choose not to do daily or weekly trading. I choose to buy at low and hold it till i get enough profit out of holding and sell it on high. And i really choose on where to invest my money, a trustworthy team, a progressive project and a supportive community.
I don't think beginners know the fast moving market movements. They left the train far behind and they chose to hold and wait for the train to come. I think for beginners you can understand market trends, and then choosing investment is the best.
This is where some trading experience and reading of charts is necessary, a lot of times times in the attempt to get it all, one loses it all, especially for new projects with much hype. It may be difficult to know when exactly to sell but the idea is to sell gradually to the top if it is a rising market, not good to loose out completely and when it is obvious that the market trend is about to change, it is better to just exit completely
As for me, when I'm in profit especially, I convert to USDT or another stable coin like USDC, TUSD, PAX. HODL only works for long term investors most times who invest in some coins with promising project, then over time the price goes up.
Why change USDT to other stable coins when USDT is the largest stable coin and has the highest liquidity
This is the undoing of a lot of persons here, not knowing when to sell and holding too much, this market is highly unpredictable and that is why one must not throw caution in the wind, I have fallen victim several times of long holding and selling at a loss eventually.
Optimism instantly desire pament out representing those of us who are living this marketplace! HODL hard and digit across representing the ETF.
In arrears to the marketplace is hollow and irresoluteness, I anticipate no single buoy forecast the crypto marketplace, representing me, whether you purchase the currency in the maximal cost and obtain the marketplace is descending, it greater to equipment you abbreviate release cost and abbreviate your release.
to keep coins is also an art. You should always know when to drop these coins in time and when to hold them for a long time, because I think the best project for holding is 2 top coins - Bitcoin and ethereum. They can withstand long-term investments
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