Mistakes hodlers make - page 6. | Bitcointalksearch.org

bgaf

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Quote from: ife2020 on May 07, 2019, 02:09:38 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

I always do this tip. When Im feeling positive, and has a positive gaina on my portfolio, I ripped of some of it and buyback when the price is down again. Actually Im a long term hodler but chances to earn or reward ourself with profits are not always there. I suggest to those who have green portfolio to sell out some. Dont wait for it to go higher which are sometimes or most of the time dont happened. I guess we can always set this as a practice so we can take advantage of the market. Just follow this and youll not end up losing.

FanEagle

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Quote from: ife2020 on May 07, 2019, 02:09:38 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

[/b]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 [/b]

This is what I do, and this strategy is not for everyone, because not everyone knows how to read technical analysis to do this, it is not easy as you said, before I became perfect in doing this, I got so confused several times, because if you are to practice this, you can’t just take only the profit, you have to take the entire investment out first to remove your profit and then look for when the price will dip again for you to buy.

How will the people doing it sure that the time they remove the capital for that profit is not when FOMO will make the price start going up, and then it becomes difficult for the people who had removed for short profit to buy again.

BryanK

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I think that's a lie. Bitcoin will not be able to rise because there will be very serious consequences. I think regulators in the USA will be able to influence the price of bitcoin.

roadwell890

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Quote from: ethereumhunter on May 09, 2019, 08:01:45 AM

I agree that we should take a profit first before we face a loss in the next hours because no one will know what will happen later. As long as you can see the profit from your coins then it means, you can sell it at that time or you can hold it for more and expect to see the higher price. But I am afraid that you will not see the other higher price if the market is at the way to go down and it makes you hold for a longer time, and that is not good for your balance.

we do not know what will happen to us, whether we will profit first and then lose or lose first after that we can make a profit and hopefully we can get profit and not experience big losses.
the market experiences ups and downs so don't be too scared if the market goes down and survives because after that the market will rise even though it takes a long process.

ethereumhunter

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I agree that we should take a profit first before we face a loss in the next hours because no one will know what will happen later. As long as you can see the profit from your coins then it means, you can sell it at that time or you can hold it for more and expect to see the higher price. But I am afraid that you will not see the other higher price if the market is at the way to go down and it makes you hold for a longer time, and that is not good for your balance.

suzanne5223

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Quote from: okala on May 09, 2019, 03:08:07 AM

You only lose when you sale you assets so hodlers don't lose just by holding and if the market go bearish all you need is to hodle a little longer for the market to recover again, its only traders that cash out little profits but hodler have a time stamp to the assets once that time is not reached they may never see any reason to sell no matter the profits at the moment.

On contrary holding is good but it not the number one thing every cryptoneir need to rely or believe it provide the profit they expected because I have seen alot of people which hold their coins and they end up making losses. What I want you to understand is that the time of entering,exiting the market and selecting the right coin is what should determine if the own of a certain crypto should hold or cut losses.
Holding is good but depend on the coin in subject actually.

hulla

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Quote from: Cacingkemi on May 09, 2019, 06:26:33 AM

Getting a small profit is highly recommended not only about profit but how you manage that profit and become more profitable not just hold, big profits are hard to find when waiting for a bullish.

Big profit are hard to get when waiting for the bullish season to come but if you ask me it does worth waiting for but the mistake most crypto investors or traders made is that they ignore the act of been diverse which is the best way to make the best profit i.e applying the waiting for bullish while have some other btc which are use to require very opportunity the market posed and also setting side another capital which can be use to buy when suddenly dip occur.

Wintersoldier

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Quote from: ife2020 on May 07, 2019, 02:09:38 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

Basically my standard on retaining my profit is about cutting it in 50 percent of my total balance, in that case, I gained a profit, as well as I increase my investment as well. But concerning your opinion, I do believe that it is attainable to reach 10k USD of BTC on this year's behalf. We can expect further increase as this good news will going to attract more investors.

drumamat

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Quote from: ife2020 on May 07, 2019, 02:09:38 AM

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 absolutely correct.Do not at the first green color on CMC immediately sell all your capital.Personally, I try to sell 50% of my assets at a good price.But after selling everything you can then very much regret.I can say by personal example that I really felt sorry for many times when I sold absolutely everything.

maculeth

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So, if you have a balance in your wallet before the market falls, don't panic sell. hold them, and when the market shows an increase, if you are impatient then don't sell everything. at least 10% of your portfolio. then you can buy back at the same price then hodl again. don't be too rushed when you want to sell.

setialovers

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Quote from: 94K on May 09, 2019, 05:44:06 AM

The mistake holders make is that they don't have a target or fixed price of their tokens when selling. This brings about losses at the end. Aside that, some take advantage of the market condition for the sake of money.

I am agree, if we hold a coin or token, we should have target price when we start to sell. Market always volatile and we should know when we selling to maximizing our profits.

Cacingkemi

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Getting a small profit is highly recommended not only about profit but how you manage that profit and become more profitable not just hold, big profits are hard to find when waiting for a bullish.

Iykecollinz

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Quite hilarious, it is glaring we see all those crypto analysts and forecasters come out when the market situation is in a boom season but as soon as the bear returns, they all go in hiding. Everyone is an expert in a bull season but the reverse is the same during the bear. Personally as soon as I notice or suspect a reverse trend in the market, I sell or buy dependening on the direction

94K

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The mistake holders make is that they don't have a target or fixed price of their tokens when selling. This brings about losses at the end. Aside that, some take advantage of the market condition for the sake of money.

Freescan

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Quote from: powerman24 on May 08, 2019, 06:16:04 PM

Taking the profit means to take the part you earned by trading or price increase etc. It is very important to take the profit as you do not gain until you do not take what you have earned.

yes the point is most people take advantage of what we consider money or the opportunity to take advantage of trade or investment. But like an unsupportive market compilation, they prefer to stay afloat waiting for the market to improve and not dare to take advantage of it.

sukoyomi

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Quote from: Dreamchaser21 on May 08, 2019, 05:47:43 PM

Quote from: ife2020 on May 07, 2019, 02:09:38 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

Hodlers must set their target price because they can’t just hold forever as if they loved too much the coin. Taking profit will depend on your goal, because i personally hold coins and not taking any profit for now because i’m still waiting for my target price.

I'll aggre, everyone must have a target price. Some of the people who suffered losses because they did not have this in their heads, they only focused high prices, no matter what. In fact, sometimes we have succumb to our target rather than experience a worse loss, for example to get return on capital.

Peruvyn

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When I think average human being is greedy and always want more. As a trader the right thing to do is to take profits even if you are not selling off but many do feel reluctant to do unless one is discipline enough to know when to call it another day.

ahmed04

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It is very important to constantly monitor your cryptocurrency portfolio and gradually spend the budget. But if you are confident in your action, take a risk!

sana54210

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Quote from: BCTS on May 08, 2019, 03:07:13 AM

I have seen many similar discussions, but I want to share my point of view. Studies have shown that during the existence of the crypto market, as we know, there were many UPS and downs of Bitcoin, but the maximum profit was always received by investors who adhered to the HODL strategy. So do not give in to other people's opinion, be patient and just wait for the bullrun.

Everyone has their own strategy, Strategy A might not work for B, we should do the one that will not tense us about our investment, I understand the OP’s point and at the same time, your own is very key too, because what OP advised still requires thorough analysis on the time to exit and time to enter, but for HODL, they don’t need to bother about time of exit as they have only one direction, which their goal is to wait till BTC hit the ATH again,

For people like me who has too much responsibility to just tie fund down for a very long period of time without multiplying, I use my strategy to make profit every time bitcoin goes up and down.

Coltpython

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Quote from: ife2020 on May 07, 2019, 02:09:38 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

Like seriously, all the analysts have suddenly woken up from their slumber to start predicting. I will advise people to do their own research and not let the advise of fraud analysts misguide them. Let everyone be responsible for their crypto decisions

Topic: Mistakes hodlers make - page 6. (Read 1545 times)