Mistake you should avoid when holding your Altcoins - page 5.

andrejka

sr. member

Activity: 770

Merit: 251

MOBU - FUTURE OF SECURITY TOKENS

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

The most stupid advice I've ever heard! The market always rewards those who are patient. So if you hodl you can make thousand of thousands percent of profit. And if you sell right after you receive tokens then you will get only cents for your hard work and will be like all those hamsters on the market...

Wildwest

sr. member

Activity: 1701

Merit: 308

Yes it's true, I often experience what you do, and it is my stupidest thing because bull runes will not always exist, sometimes it will become bearish. So do not be greedy in investing and trading, if it is profitable, sell, take the target in each investment.

Lpim01

full member

Activity: 700

Merit: 117

Quote from: jhonjhon on January 26, 2019, 08:36:32 AM

Quote from: msbtrooper on January 26, 2019, 08:27:59 AM

Knowing when to hold and when to sell is paramount in the cryptocurrency world because that will guide you to know when you have reached selling point. You have to consider a selling point for all your tokens and coins. In choosing selling point, you have to be contented so that you won't be carried away with the possibility of the coin increasing because has it has the possibility of increasing also it has possibility of decreasing.

Everyone are thinking for huge profit and selling for this time is just a mistake unless you've seen if profiting. We all are having a big chances to commit mistakes, it sometimes we've been push to the limit and doubtful to our decision which is always be leading into the wrong path. And we realize after that we've been wrong, it is sad that we can't bring the time back and to correct. That is why we should be thinking it for many times and never commit for doubtful decisions into final.

You'll be right, it is our decisions and emotions mostly contributed a lot for mistakes but the problem is we can't barely controlled it. I've always committing mistakes before and so I'll have to correct it immediately before it ruin my entire life and losing everything I have. And those mistake that I've experience will always be my lesson and it helping me to stay away from making it again.

jhonjhon

full member

Activity: 1316

Merit: 126

Quote from: msbtrooper on January 26, 2019, 08:27:59 AM

Knowing when to hold and when to sell is paramount in the cryptocurrency world because that will guide you to know when you have reached selling point. You have to consider a selling point for all your tokens and coins. In choosing selling point, you have to be contented so that you won't be carried away with the possibility of the coin increasing because has it has the possibility of increasing also it has possibility of decreasing.

Everyone are thinking for huge profit and selling for this time is just a mistake unless you've seen if profiting. We all are having a big chances to commit mistakes, it sometimes we've been push to the limit and doubtful to our decision which is always be leading into the wrong path. And we realize after that we've been wrong, it is sad that we can't bring the time back and to correct. That is why we should be thinking it for many times and never commit for doubtful decisions into final.

msbtrooper

jr. member

Activity: 352

Merit: 1

Knowing when to hold and when to sell is paramount in the cryptocurrency world because that will guide you to know when you have reached selling point. You have to consider a selling point for all your tokens and coins. In choosing selling point, you have to be contented so that you won't be carried away with the possibility of the coin increasing because has it has the possibility of increasing also it has possibility of decreasing.

SinLinJim

full member

Activity: 490

Merit: 101

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

Error in one we are looking for profit where it is not. Namely, we choose projects or coins that have no future, but call it a breakthrough. Come to your senses what is created now once was and does not carry anything new.

Huntler1993

member

Activity: 462

Merit: 13

For sure knowing when to hold and when to sell is also a problem for most people. When the time is right they hold and when the market dip they start making all sort of noise.

Genemind

sr. member

Activity: 1596

Merit: 335

We couldn't get rid of mistakes here in crypto world but we could do something to lessen the risk of making wrong decisions. We should have enough knowledge and understanding about what we are doing and we should be sure of the decisions that we are making. Knowing which projects are best and profitable is an advantage.

michellee

hero member

Activity: 2604

Merit: 816

🐺Spinarium.com🐺 - iGaming casino

Quote from: Nesbee2 on January 26, 2019, 04:52:36 AM

i think the common mistake people make including me is to speculate that we are going to buy a lambo from holding one coin. we should avoid being greedy and try to take profit when necessary. from my experience most times the price of the coin doesn't even get as high as the previous price we would have sold.

I make that mistake too, and I agree that we need to prevent the greediness that will always come to us. Right now, I only sell the coins if the price can increase double and if it's only rising for less than half from the last bottom price, I will not sell and only waiting for a while. I see that some of that coins can go to a high price in the next days if the trend is good and there is a big demand to buy the coins.

Nesbee2

jr. member

Activity: 840

Merit: 3

i think the common mistake people make including me is to speculate that we are going to buy a lambo from holding one coin. we should avoid being greedy and try to take profit when necessary. from my experience most times the price of the coin doesn't even get as high as the previous price we would have sold.

dolcefarniente

full member

Activity: 616

Merit: 100

We must distinguish long-term investment from short-term daily speculation. For these different options we use different altcoins. In any case, the key point is a serious analysis of projects before investing.

Fumzy

jr. member

Activity: 255

Merit: 1

Quote from: tabas on January 25, 2019, 04:55:12 AM

Thanks for sharing your experience but we are on the same boat. I'm also greedy before and confident of not selling my coins before though I can already make that much profit. I lost a big figure and I really feel sorry about what I did.
It's a lesson learn and I'll definitely not going to commit the same mistake again.

Almost all of us here are guilty of the same crime, greed. But if you look at it, we never really recover from being greedy. We always want more and more moon before we sell. It's our natural way of life as man is insatiable. Hopefully we will be able to tame it because to get rid of greed completely looks kind of impossible

pedpedped101

jr. member

Activity: 552

Merit: 1

I do not see bulk run coming even this year. Although, the market might rise, but recovery is not likely going to happen now.
This is one of the reasons why I do not subscribe to holding for too long, except you are ready to be patient for that long term.

crzy

full member

Activity: 2128

Merit: 180

Quote from: PuertoLibre on January 24, 2019, 05:31:33 PM

My biggest mistake was getting greedy about my expectations in trading. Emotions are problem in trading journey so learning to control it will give better results than blindly trading.

A very honest opinion and I agree with this, we should really accept our mistakes use it as a tool to trade well next time. Emotion is a real problem, we always think about easy money and if failed in trading we feel so much depressed about it. Holding is good but learn to sell if its aready the right time.

Favouredhart

copper member

Activity: 112

Merit: 3

What you pointed out is a good one, when you get tokens or you buy them, the best thing to do is to wait for profit, once you see profit,no matter how little, take it don't wait to make millions on a particular token.

Chomsy

copper member

Activity: 364

Merit: 1

Quote from: Onuohakk on January 21, 2019, 08:36:00 AM

Holding a coin is not the real deal but holding the right coin is you probably held the wrong coin and your situation might to correspond with another.
Holding for long term doesn't mean few months but sometimes years to see how the prices leaps up

People say this right coin all the time bt if I may ask, which coin is actually the right coin to hold. Every coin has the potential of dumping and never rising again.

Chomsy

copper member

Activity: 364

Merit: 1

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 also made that mistake and I regret it till now. I was looking at one of my bounty tokens turn $100+ but I just ignored thinking it could do more. Now, that same amount of token is not worth upto $10. What a great mistake. Take profit while you can guys.

ivaf

full member

Activity: 980

Merit: 109

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

Normal advice! But you're a little late. Would you tell me about it a year ago! And now I got into the same situation: all my assets collapsed in price several times. I sit now, wait, holding.

Saint1990

member

Activity: 196

Merit: 11

If you know the trends 90% of the ICOs when listed on the exchange their token values goes down within a week about 30% to 90% from its ICO price. So its better to sale token initially & buyback later if you think project have potential & can give you profit on longer run. In this way you can multiply your holdings & have more token in your pockets. You can see the ICO ROI Status here https://icodrops.com/ico-stats/

Nolimitz84

sr. member

Activity: 980

Merit: 252

Quote from: kentrolla on January 21, 2019, 08:21:24 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

You are right a lot do the same mistake, In my opinion it's not good to hodl bounties and airdrops it's completely luck when the tokens are listed on the exchanges you need to sell them immediately to see a descent profit rather than waiting for a big amount.

If the project is really good, there is still no better strategy than hodling.If you really need Fiat money, you can sell at least 50% of your tokens as a last resort.I agree that there are projects with very tricky managers who, under the guise of listing on the stock exchange, simply destroy the price.But since in my portfolio there are tokens worthy of long-term storage, I have no doubts in the team or in the project and I will keep tokens until the price is at least equivalent to the price at the ICO stage.

Topic: Mistake you should avoid when holding your Altcoins - page 5. (Read 24265 times)