Topic: Mistake you should avoid when holding your Altcoins - page 3. (Read 24265 times)
Exactly one should sell his/her coins while in profit. One must not be greedy for more and more. Last year we all were expected a bull run and in this hope we hold several coins for good profit but what we get in the end we lost almost 80-90% of our portfolio value. Yes its always better to sell when you have decent profit because we already learned a bitter lesson in hope of huge profit.
It was not possible to read all 12 pages on this thread. I have seen enough ups and downs in crypto. I can share some of my thoughts.
1. Never underestimate or neglect a single coin in your entire crypto life. Once I had thousands of ripples. I did not understood and now you can check the price of ripple.
2. Never invest all your money in a single project
3. Never trust anyone
4. Dont take instant decision. Do your own research and jump into good project
5. Dont be greedy
1. Never underestimate or neglect a single coin in your entire crypto life. Once I had thousands of ripples. I did not understood and now you can check the price of ripple.
2. Never invest all your money in a single project
3. Never trust anyone
4. Dont take instant decision. Do your own research and jump into good project
5. Dont be greedy
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
One mistake - in the number of coins and the constant search for the right and not the top. After all, you always want to feel what that one is or fork or token. But basically they are all rubbish and you need to understand and throw it off in time. 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
What only mistake I made last year is waiting for a stable price of my holding currency but it doesn't increase a little bit that turns to decrease it's value a few weeks later. That's why I regret holding it too much for a better profit maybe I still hold those currency that has a potential growth in a long term earnings.
What only mistake I made last year is waiting for a stable price of my holding currency but it doesn't increase a little bit that turns to decrease it's value a few weeks later. That's why I regret holding it too much for a better profit maybe I still hold those currency that has a potential growth in a long term earnings.
Waiting blindly is dangerous if you have no extra plan for every case. Holding is not form of trading and odds are against you if bear market conditions decide to continue further. At the end of day what matters is balance not the trading plan imo.
Yes, you are very right, I also experienced that. I hold a token waiting until the bullish market arrives. At that moment I continued to hold on hoping that the price would continue to rise, but in fact the price fell and I suffered a loss. And at that time I took a lesson to immediately take advantage before the market turns bearish.
What only mistake I made last year is waiting for a stable price of my holding currency but it doesn't increase a little bit that turns to decrease it's value a few weeks later. That's why I regret holding it too much for a better profit maybe I still hold those currency that has a potential growth in a long term earnings.
Nobody knew bitcoin which worth some cents some years back could worth thousands of dollars today. Sometimes the coins earned from these bounties and ICO have great potentials to be a great project in future so selling some and HODLing some is not a bad idea at all.
Some coins are good for long term holding especially if they are already proven to bounce back after a price downtrend. But there are also some coins that are good only for short term and they are use in daytrading. It is important to know the cryptocurrency or token that you are planning to buy to avoid mistake in the future.
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Is a very bad idea to hold coins that you have some doubt is better to hodl half and sell half then buy back at the dip because the reality is market can come to hurt you anytime so you just need to be very watchful of what you do
We could sell half of the total amount when the price can increase higher than the price we bought. But if the price still on the lower price, we cannot sell except we accept that we will get lose by selling that coin. It is better to hold the coin until the price can increase so we can expect to make a profit. While we still hold, we can buy more if the price is down again to cover the average buy price so we can sell some amount when the price can increase for a small price.
Better to do was to continue on holding and still wait for the bull run to happen. It would take some time, but use that as an advantage to gather some more coins for the future bull run.
It's always good to take profit whenever possible because you can never predict the future of the market. So whenever you receive a bounty or airdrop reward, or you invest in a ICO, try to take profit from it no matter how small it may seem.
I received some bounty rewards early last year and I taught I should keep them for bull run but my brother told me to see them off and hold the money in USDT which I did. I am happy I took that decision because most of them dumped really hard.
I received some bounty rewards early last year and I taught I should keep them for bull run but my brother told me to see them off and hold the money in USDT which I did. I am happy I took that decision because most of them dumped really hard.
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 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
You are not the only person who has suffered this. I am part and I know that most the crypto enthusiasts are also part. Our problem is that we have in mind that hodlers are the good people. If you sell, you are naïve, you do not know anything about crypto. People call you all manner of names but the fact is hodling won't fetch you any thing. If I remember that some of my coins were worth over 2000$ and now just 5$, I begin to develop a selling spirit because those developers will tell you not to sell but they will keep selling theirs.
This is terrible advice, in so many levels! Your bad experience isn't another person's bad experience, the bounties you do are not the bounties I do.. so we seem to have different experiences so far.
It is a much better strategy to sell a part of your bounty tokens directly on the first exchange and to hold another part on your wallet. You will get some ETH at the beginning and would gain good profits when the token increases its price.
Thank you for your reminder that during the bear market, it is impossible to predict when the bull market will come. You can only do some short-term trading now, or hold it for a long time.
I agree with you, you should never hope for any event, you should always have a plan of action. When you get your coins, you feel like bullrun will make you rich, but it takes a week, a month, a year and you realize that the market is still bearish. In order not to get into this situation, you should constantly monitor the rate of your coins. Perhaps the project will bring you profit much earlier than you think. It's better to have a couple thousand dollars in your pocket than to dream of tens of thousands.
Is a very bad idea to hold coins that you have some doubt is better to hodl half and sell half then buy back at the dip because the reality is market can come to hurt you anytime so you just need to be very watchful of what you do
At this situation holding will be a difficult thing for a person to stay stronger for a long time because the current scenario will not be yeah good situation to made consistent holding a long period in rumours and lot of confusion will going and here to confuse ourself so following some of the experience to people strategy will be good for us to make correct move
Is a very bad idea to hold coins that you have some doubt is better to hodl half and sell half then buy back at the dip because the reality is market can come to hurt you anytime so you just need to be very watchful of what you do
Holding coins is indeed an effort to avoid losses. And that sometimes keeps us upside down and increasingly falls in losses. And this also depends on the coins you hold. If the coin still has potential, I think you have to bear it, but if you have entered the stock exchange, you can sell it directly.
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