Topic: Mistakes hodlers make - page 3. (Read 1529 times)
Hodling is not a mistake. Many investors intend to hold their positions long term. Of course actively trading it is more profitable but it also take a lot of time and effort sometimes stress. Hodling is free from any of these dilemma.
Hodling and taking profits are relative terms which can only be determined by each user. The level of profit is determined by each user. BTW i agree that taking your profit doesn't mean selling all portfolio...
some people who invest in a lot of assets may, he gains a different amount of assets than he has. it could be that with the profit of just one asset, it has given him an advantage for the investment made. and for other assets he has is an additional bonus that can be obtained.
This is really a good thing to say and a safer thing to do in my opinion. Selling coins that have risen is just harvesting profits you have earned. If you sold your coins that doesn't mean you are already cutting your connection to btc. It is just a good way to have profits even if its just a little bit at least you are earning and not losing money.
With all I know about you, you have no financial experience and in no position to judge anyone. I suggested you should have but your statement as its what you think should be done and not what should be.
This absolutely the right thing to do, it is quite unfortunate that this is the period a lot of persons go all in and when any crash begins they cry wolf. The last bull season that got btc to $20,000 before the crash has taught people a lot of lessons, as only a few believe that it could dump to as low as $4000 before this rally. Being smart and playing safe it all it takes to survive here. Don't be caught unawares nothing is guaranteed.
Hodling and taking profits are relative terms which can only be determined by each user. The level of profit is determined by each user. BTW i agree that taking your profit doesn't mean selling all portfolio...
This is true. Maybe "hodlers" will hold on to their coins no matter what, even if it's not very logical
Holding on to one’s investment is nothing illogical, both short term holding and long term holding all result to profit and it depends on individual choices and level of patience. There is no holder of bitcoin and some other great coins that it doesn’t pay in the long run.Prior to the time BTC reached it ATH in the last BULL and even before BTC started on bull run, I have been trading with my part of my coin to constantly take profit, and the profit I have taken so far within that year before BULL was not even up to 5% of the profit I got during the bull run, so in the end, the holder still benefits more.
Instead of just predicting and doing nothing, we must spring into action and do something that can give you some benefits no matter it maybe a small. In fact we are wasting our precious time in predicting price of coins and depending on others to buy coins. Another problem we may make is we expect a huge profit, which is hardly possible in the market. Instead we should be content with whatever small amount of profit we get. If you collect together all amount of profits, it will get bigger.
btc has mooned a little bit, and suddenly we have self claimed analyzers almost everywhere claiming bitcoin is going to 10,000$ 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
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
Well some hodlers doesn't really bother about small price changes since most hodlers accumulate during the bottom of the price and wait for the peak to maximize profit.
A big mistake holders do is they don't bother to learn how to trade.
OP, basic of when to buy/sell are based on two things. Fundamental analysis + technical analysis. Some traders prefer all fundamentals. Otehrs prefer all technical, and most prefer some combination of the two.
OP, basic of when to buy/sell are based on two things. Fundamental analysis + technical analysis. Some traders prefer all fundamentals. Otehrs prefer all technical, and most prefer some combination of the two.
I think the biggest mistakes will not been created by the holders because they are mostly invested for their future so if the price and the development was reduced it will definitely be there short term investors only.
I think the method of buying at a low price and selling at a high price will be better than holding back. In this way we can at least get profit from price fluctuations.
You're right in a way buh the actual question is when each one actually got into the market.
Taking profits depends on when you buy in and so I wouldn't say it's a mistake, I'd rather say it's gameplay.
Taking profits depends on when you buy in and so I wouldn't say it's a mistake, I'd rather say it's gameplay.
It is why I left my fellow brothers group. Because they are always said to hold my BTC, never suggested to sell some to make a profit. By hearing them, last year I lost 80% from my portfolio. And then when the BTC price started increasing, they keep suggesting to hold until it hit 8K or 10K! So, these types of holders are not we suppose to be.
Yup profit for them who bought at a lower price, but most of us bought above 10k, so we are still in lose. This is why many of us busy in making 10k above prediction. Don't get me wrong, most people know how to take profits, but very rare people know how to cut off the lose.
You also said people can always buy back at cheap, but what if it never goes down again?
You also said people can always buy back at cheap, but what if it never goes down again?
I agree with your opinion, the holders will also look forward to increasing BTC, in my opinion for now I will wait for the best prices from BTC, even though the benefits I get are small.
Holding at times goes beyond taking profit now and then. It as well has to do with the future. There are some coins I'm holding; not selling and not taking profit. They are for long term. Don't make it look as if the ones taking profit now are the smartest and the ones still holding don't know what they are doing. Hold or trade and go along with what works for you.
If one doesn't sell at a particular rate, it means that they haven't seen a better profit or what they expected. You don't need to blame them in any way if they didn't sell in a given price.
you're right. each coin holder determines the amount of profit that comfort for him. and if the price has not reached a certain level, then the real holder continues to just wait 
The idea of holding forever must have changed for those who have at least experienced one bull run and bear run, most especially the last. This could be the time to take some profit from every correction, the last month gave around $3k profit for traders who are smart.
If one doesn't sell at a particular rate, it means that they haven't seen a better profit or what they expected. You don't need to blame them in any way if they didn't sell in a given price.
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