Mistake you should avoid when holding your Altcoins

kkaroul4

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Quote from: overnight03 on February 27, 2019, 07:10:26 AM

Quote from: Altcoinboss on January 21, 2019, 07:17:32 AM

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

me too, it seems to be a mistake of mine and i will never forget, i was waiting for the bull market to appear but it did not come and the bear market appeared, it took away most of my profits !

not only that but the mistake that must be avoided is not the patience to release the coins so that many people have failed to benefit because they are not sure of themselves

siorapokk

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I disagree with you and think the main mistake is to sell these tokens on such a bad market for almost nothing. Just be patient guys and these tokens will be much more valuable on a raising market than right now.

Ruffian1314

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Yes i guess your right! Many bounty hunters like us who are waiting for a big profit from our bounty rewards but the price of it was not good enough for us resulting to no profit at all. Maybe we need to change our mindset and sell it right away if theres still a value instead of going zero and never going back again to its good price.

libert19

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You know what I did? I kept holding coins in bull run, I kept being greedy until they become worthless. I still regret it at times, I could have done better.

gabmen

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Quote from: coin-investor on March 14, 2019, 04:17:57 AM

Quote from: Altcoinboss on January 21, 2019, 07:17:32 AM

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

I treat all the coins differently, some coins are worth holding for the long term, and some can be dump anytime one of the thing that you will regret is not selling at the right time, so be sure to follow the market and the coin you are holding, so you'll know the exit point.

Right. Not all of them are useless coins that eventually die out. Usually for airdrops, i don't wait for a run anymore if ever they do get listed. I sell them for whatever they're worth. But for icos that i think have potential, well i treat them like bitcoin. Holding something you believe will have value is worth it if you did your research.

cewekimut

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Yes, opportunities won't come twice. So we must take advantage of every opportunity that exists and maximizes it. When market conditions decline we must actively collect Altcoin. So when the market is pumping, we are ready to sell coins.

ralph_0608

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Quote from: Altcoinboss on January 21, 2019, 07:17:32 AM

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

Many if us are stack with this market mu portfolio is already -87% most of my coins was came to bounty I sold them and bought top 10 coins in coinmarket cap and if I have some extra money from my salary I buy to average down my buying average and if there are small rally i sell half and re buy again when price fall. Though I made this mistake it is also a lesson learned that if you saw profit sell half and hold half so you may not stack when market are crashing.

coin-investor

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Quote from: Altcoinboss on January 21, 2019, 07:17:32 AM

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

I treat all the coins differently, some coins are worth holding for the long term, and some can be dump anytime one of the thing that you will regret is not selling at the right time, so be sure to follow the market and the coin you are holding, so you'll know the exit point.

joseyphil82

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Don't forget that crypto in unpredictable ,if you sell off your coins for quick gains the price might surge in few months and you will regret it ,same goes to those who keep coins ,waiting for bullrun ,the tokens or coins might never survive before you see another bullrun ,so I think no one is to be blame here ,decision making ain't easy

defoman

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Activity: 448

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This is true, many are waiting for bull run, as the only signal to fix their profits. But when you buy or earn your coins, you need to know at what level you need to make a profit, so as not to be fooled. I advise you to consider your strategy in the market, so as not to miss the profit, otherwise you can wait for the next bull run for several years.

corrado25

full member

Activity: 794

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It is very good that you learn from mistakes. I also once had the habit of keeping tokens or coins earned on bounty thinking that they will grow later in the price but the truth is that they tend to fall in price in most cases and fall in price because many people are getting these tokens or coins to sell them immediately that people need money. People came to come crypto industry solely for the fact that here you can make money

acholagi

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Activity: 826

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Emotion and can still be patient with our target because indeed at first people feel the loss. people have to be able to be patient in a downturn like today.

thinkpad99

sr. member

Activity: 654

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I think the most common mistake is that we believe in the success of some altcoin even when its price drops more and more every day. Unfortunately, but most altcoins are just a speculative product and its price will eventually go to zero over time. It should be sold when we make a profit.

moynul2050

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Activity: 812

Merit: 250

get a token from income bounty and airdrop, and you plan to hold it until a bull run occurs? when did that happen friend? you will only waste time. before the bull run comes, some of your tokens will become shitcoin and hilag from the market. selling now their breasts are still valuable.

overnight03

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Quote from: Altcoinboss on January 21, 2019, 07:17:32 AM

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

me too, it seems to be a mistake of mine and i will never forget, i was waiting for the bull market to appear but it did not come and the bear market appeared, it took away most of my profits !

FaucetKING

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Activity: 1246

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Thanks for the instructions.. had a good laughter reading this topic here. Would you give the same advices to the crypto-millionaires that got rich by hodling their coins? i don't think so! You just have to take care of yourself and try to learn from your own steps.. dont advice us please.

Saisher

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Activity: 2324

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Quote from: Altcoinboss on January 21, 2019, 07:17:32 AM

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

It happens to me several times for waiting too long my coins losses it's value before we can trade them but we can't blame ourselves we do not have an insider news on when is the pump is going to happen and so is the dump, it's better to have an exit point for every coin you are holding.

Mommynigabby

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Quote from: pat4cryptoreal on February 25, 2019, 01:48:25 PM

Almost everyone both bounty hunters and investors are having the same experience due to lengthy bear market, All hope are not gone yet, as you can see the bull run have started already.

It makes me feel good reading positive mindset about the state of cryptocurrency now. I also feel the same. I am not an expert but all I know is that what comes down must come up- and I am just waiting for that right timing.

Mommynigabby

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Quote from: Altcoinboss on January 21, 2019, 07:17:32 AM

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

Same thing happened to me. My tokens came from bounty and when it was Early 2018 some of my tokens are worth $400, $700, $200 but they all came down to almost nothing now. I regretted having to hold it until now. I cant even sell it, as gas might even be more expensive than the token itself. If I know any knowledge in technical analysis, I would gamble what I have now and TRADE! until it multiplies in numbers. But sadly I don't. So I keep holding until I feel like its time for me to sell.

suzanne5223

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Quote from: mr.robot8 on February 25, 2019, 02:09:22 PM

unfortunately i am one of those who made the same mistake i wanted to do a long-term hold strategy with the hope of the return of the bull market but unfortunately many of the altcoins are now worth almost nothing or are even delisted by the exchanges

Sorry for your lost. However, long term holding strategy is never a bad strategy if you ask me but there are some certain things and moves you to put into consideration in other for you to make profit. Things like time of entering/exiting the market, concept behind the coin creation, coins that have good volume, historical data and huge community support or else you'll still make debt even with short trading if you don't consider this things.

Topic: Mistake you should avoid when holding your Altcoins (Read 24262 times)