Mistakes hodlers make | Bitcointalksearch.org

ife2020

member

Activity: 579

Merit: 13

Are you kind to your neighbor? Think it through

Quote from: ife2020 on May 07, 2019, 03:09:38 AM

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

A quick update regarding taking profit.
We are now closer to the end of the year and the prices are quite unsure at the moment.

few exchanges have gone away which has spread fud and caused decrease in price. How low do you think bitcoin will go ?

i want to guess perhaps 5000$ ? how impactful will the halving be ?

cytpoway121

member

Activity: 1540

Merit: 68

Quote from: gensol on May 13, 2019, 11:46:35 AM

Taking prift is everything and filling your positions back again is necessary. Say one took profit at Btc in 7500 zone, re-entered at 6700 today, such person is in huge profit. Once a market pumps, it's retrace is eminent.

This type of strategy is the best around
It’s called the smart buy and sell trading techniques in my own dictionary

I practice it only often and it makes a lot of sense.

Always dyor in all trades

ife2020

member

Activity: 579

Merit: 13

Are you kind to your neighbor? Think it through

Quote from: ife2020 on May 07, 2019, 03:09:38 AM

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

This is crypto currency, and we know no price is permanent; so we had better do things rightly concerning research information. And stay at an alert. If you are a trader, increase your capital to enable you take less risk and pack more profits

lesstoothless782

newbie

Activity: 19

Merit: 0

Mistakes hodlers make? I think one of the big mistakes for the holders that they make is to hold a coin although they know that it will not pump up and although it pumps up they know that it will dump very fast so they hold it again some miracle that may happen in order for them to earn. Another big mistakes of the holders is they just holding their tokens and they are not thinking about some income that they may did so that while they are waiting they are earning, because me although I am a holder of different kind of coins I may be able to earn because while holding and waiting I am playing some crypto games so that I can earn also while I am waiting.

abbccoin

newbie

Activity: 43

Merit: 0

People tend to invest only in the top coins on the market like BTC and Ether. They do not consider other altcoins which have promising technologies and have a positive trading volume on a daily basis. It is also important to know the best time to sell or buy your crypto. When investors hodl, they usually follow a certain threshold before trading. Also, some people are too impulsive to enter the crypto market, they take loans from banks and sell their tangible possessions just to get a capital. These common mistakes make crypto trading tricky but with research and regular monitoring of the market, crypto could actually be a good way to invest money.

Aalu

jr. member

Activity: 50

Merit: 1

Yes it is commonplace for everyone to predict prices of coins anytime and anywhere. There might be many negative effects of such market predictions on those including newbies wanting to involve in the crypto market. I suggest that one should not entirely rely on such predictions. Instead of predicting, it is good idea to reap benefits from the market irrespective of whether the market is increasing or decreasing.

[email protected]

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Activity: 645

Merit: 10

When I became interested in trading, I realized that it does not matter now bearish or bullish market, there is always an opportunity to increase their investment. For example, now that the price of Bitcoin has soared, the backlog of altcoins has become too noticeable and buying some promising altcoins and waiting for their value to Bitcoin recover, you could increase the number of your BTC two or three times.

baigreen

full member

Activity: 625

Merit: 100

Quote from: dentolas on May 23, 2019, 03:16:23 AM

You are right... the right thing to do is to sell on the highs and re-buy on the lows, and also leave a part of your portfolio untouched just because the price might not return to the desired level and you might not be able to re-entry...
A lot of people hold and just almost forget that they own crypto... this has consequences as some projects might end, price peaks and then gets back down, etc
So, even if you don't want to do some quick trades to increase your coin, you need to pay attention and be on top of your holdings

To be in the know, you need to be constantly in the cryptocurrency community. Follow the news. Check portfolio and much more. For most people it is very difficult. Because they invest in the long term and they have a job. Keep track of everything is not possible.

dentolas

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Activity: 854

Merit: 12

arcs-chain.com

You are right... the right thing to do is to sell on the highs and re-buy on the lows, and also leave a part of your portfolio untouched just because the price might not return to the desired level and you might not be able to re-entry...
A lot of people hold and just almost forget that they own crypto... this has consequences as some projects might end, price peaks and then gets back down, etc
So, even if you don't want to do some quick trades to increase your coin, you need to pay attention and be on top of your holdings

annango

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Activity: 361

Merit: 17

Quote from: sujonali1819 on May 07, 2019, 02:25:42 PM

Quote from: ife2020 on May 07, 2019, 03:09:38 AM

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself.

Yes, the market is a little bit of bullish but I don't think the price of BTC will go to 10000$ in this May. We saw recently that the market is little bullish and sometimes bearish. So I also think people [holders] should get their profit and re-entry again in the entry zone so that they can earn more. Thnks

Honestly from the very first day of May, i keep on thinking that bitcoin can end up May with $10000. However, because it has been declining in some recent days, i am a littile more doutful on the road bitcoin reach to $10000. Bitcoin price as well as crypto currencies as a whole are paramount difficult for us to make a decision because it higly volatile. Hence, making mistakes in this tough market is pretty normal. Most imporantly, we can learn from mistakes and get rid of making the same mistake twice. Reducing the same mistake could help you to be more likely to gain big fruits.

Roukawa

member

Activity: 546

Merit: 10

Quote from: DainSLane on May 23, 2019, 01:53:39 AM

Most of the investors are making mistakes of buying coins because of lack of research and later on they make holding with the wrong coins, holding the wrong coins makes the holders lossing their capital anytime. Holders should be more on observant the development of coins.

Correct, that's why the abbreviation DYOR was invested. One should do extensive research on a coin/token he wants to hold for a long time/.

DainSLane

full member

Activity: 784

Merit: 112

Most of the investors are making mistakes of buying coins because of lack of research and later on they make holding with the wrong coins, holding the wrong coins makes the holders lossing their capital anytime. Holders should be more on observant the development of coins.

krisnajsadrak

sr. member

Activity: 1092

Merit: 250

Hodlers Network

Quote from: ife2020 on May 07, 2019, 03:09:38 AM

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

maybe you are right, but you should know what is the meaning of hodling and trading
Hodlers means people who hodl their crypto assets for long term investments
if we talk about profit taking actions in short period time, as i knew its called trading mate
so, people will take their profit in the TOP price, then buying back in the lower price

Sacramentus

jr. member

Activity: 448

Merit: 2

I will call that panic selling and not a strategy. Why take profit on every little rise in price? because Bitcoin is mooning according to you but I don't see that as a strategy to follow if you are in for a longer-term investment. You can do this for a short term investment and you are fine

karagun125

member

Activity: 448

Merit: 10

I can see some hodlers mistakes is only when they bought coins in a big price already and then in the long run the token they bought is not going to increase, instead decreases its price and by this i think years to cope up to regain its increasing price.

HodlerKing101

jr. member

Activity: 199

Merit: 1

Quote from: shiming on May 07, 2019, 07:11:26 AM

It's very simple to say, it's very difficult to do, everyone wants to make a profit, buy low and sell high, but the actual situation. The operation is very difficult, so it is very reliable to still like to profit in a cycle.

I agree with you sir, hodlers should not panic when the market is going down but should take profit once you get a chance.

zero714309

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Activity: 749

Merit: 13

This point is for middle holder but for long term holder they choose to hold for long time and that mean they have own plan and own target. They already buy in deep price so they think no problem for holding in long term.

tonyja2017

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Activity: 532

Merit: 10

Quote from: ife2020 on May 07, 2019, 03:09:38 AM

btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ in May itself , small time now and a little bearish they will moan again,

the time they suppose make small profit from the greens; they are busy forecasting

Note: Taking your profit does not mean selling your entire portfolio; it means taking profit; retaining your capital
You can always buy back the low

right. That is the correct advice for crypto market. The crypto market is a pump and dump market, if we can't take profit at the right time, we will easily lose everything.
I used to be subjective and make many mistakes in trading. So, make a profit that suits your desires and follow the plan. Do not try to achieve too high a profit for a long time. That will cost a lot of opportunity costs. Wink

Pffrt

sr. member

Activity: 1372

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It's a process for day trader, long time holder don't care thia much. They always buy with a certain amount. However, I am agreed though, but what if it would turn to more green? Won't you then regret? That's the reason why holder don't give a shit to lower profit.

Cemploon

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Activity: 644

Merit: 10

CurioInvest [IEO Live]

Probably back on the basis of trading strategies. By buying a coin at a low price and selling it when the price is high. Bitcoin is now more focused on recovery. So with that price change, we can use it to take advantage. Short-term trading is the strategy that I use for now.

Topic: Mistakes hodlers make (Read 1492 times)