Never Be in a hurry - page 13. | Bitcointalksearch.org

jostorres

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Quote from: kawetsriyanto on February 24, 2021, 06:54:38 PM

What you state is about the target, right? If the price meets the target, then it is no problem to sell the coin soon. Of course, the pump sometimes hard to predict, it can end in a short time and back again to drop. If we miss the chance to sell in the current pump, then we will wait for a long time to sell at the next pump. However, it depends on the holder, if he is satisfied with their target, then he should sell it soon without thinking much about the bigger rate to sell. Or at least, sell half from the total number of the coins.

I don't know for others but this is how I set my target and sell my coins. So, basically when the bull run is going on, I will wait and just observe how high the price goes and once I feel the peak is reached and the coin has started to drop, that is the right time for me to sell the coin.

I share an example, recently when the doge coin was pumped by Musk I was holding some doge coins and I wasn't sure how long the bull run will continue so I waited and price reached as high as $0.08 but I didn't sell because I thought maybe more is yet to come. Later the price stopped and starting dropping, realizing which I was able to sell at around $0.07. This way I ensure that I might not get the best value and miss the peak but it also means I didn't end up selling for $0.05 and hence this works for me mostly.

carelessboy

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some month ago i was buy 60k matic .i was buy at 0.019 usd and i sell at 0.021 usd.i sell this very harry and my friend said me if matic dump.now matic up 0,20 usd .so please don't harry up. first you think frees mind and then buy or sell .thank you.

SirLancelot

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Quote from: Sebas.tian on February 25, 2021, 01:53:07 AM

Hurry has lead many traders to failure because many of them never took their time to find out the really information concerning the market pump before selling their coins. I don't rush when other traders are rushing to supply in the market because it has reduced so many traders to zero level in the profit making.
It is good to watch the market price very well before releasing your coins to market which will really help you as a trader to achieve something good from your investment.

It is good to carefully analyze the market before selling your coins but the same applies to buying as well. A lot of people fall victim to FOMO created by some fake projects and invest just because they don't want to miss out on the opportunity but they should always remember that even if they miss out right now, there will be more chances like when the token gets listed on the exchange and should always do their research and then invest instead of just investing under the pressure and FOMO.

It is better to wait and buy a token at higher price as opposed to buying it when the hype is being created. I was skeptical about investing in polkadot and I bought it at a higher price than what I could have and DOT is an excellent project but I am satisfied because there is still lots of room for profit and I have been fooled many times in past by fake ICOs which made me buy the tokens hurriedly.

Ziskinberg

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Quote from: Bustart on February 27, 2021, 05:40:21 PM

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

~snip~

Indeed, trading only on one asset isn't a wise idea since you only earn less compared with several choices. Just like on physical business, if you don't choose different options you can go with the competition and grow your business abundantly. Here in cryptocurrency, holding different types of coins got the highest potential to gain much profitable returns instead of focusing on single crypto.
Your experiences made me realize and also seen myself on you due to bad experiences I had.

Maybe it was not a good idea but as a start-up, this is suitable. But if you just have limited capital and time, much better to focus on a single coin so you have the fullest attention to just a single investment and you probably don't miss something.

Well, it has the advantage of holding a lot as you have mentioned but you should have to choose the most potential coins so were not just waste your time holding them. I hold some (shit) altcoins for many years but they all just dead and stuck which is very disappointing. And I do urge people doing this, they have to choose coins that could give ROI, not losses.

Bustart

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Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Indeed, trading only on one asset isn't a wise idea since you only earn less compared with several choices. Just like on physical business, if you don't choose different options you can go with the competition and grow your business abundantly. Here in cryptocurrency, holding different types of coins got the highest potential to gain much profitable returns instead of focusing on single crypto.
Your experiences made me realize and also seen myself on you due to bad experiences I had.

Noctis Connor

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Quote from: Golftech on February 26, 2021, 09:58:27 AM

It's best to have such targets both for buy and sell position, there are many cases that traders missed up chances. If you are good in analysing the situation you can take the advantage both from bull and bear run.

Deciding should relied with how you really deal with your research, your chance is much better than rushing everything without thinking ahead.

Having a target for buy and sell position is the best thing that we must have, so we do not be late to buy or sell and we can hold our emotion from becoming greedy. If we can hold the emotion, I think we can also prevent from rushing everything without thinking ahead, and that will help us determine what we should do relate to the market movements. Analyzing the market is one thing that every trader must do before entering the market, so they do not get a trap by the price.

Well sometimes it's better to hurry on selling done to be late as what bitcoin happened if i ever sold those bitcoin i had maybe i have money to buy more coins than seeing the price gong down, yes your enemy there is your emotion the eagerness of holding coins somehow thinking that bitcoin will be on the same price but it isn't you're having doubt when your analyzing those graph in the market even those professional thought that bull run of bitcoin will never ends, but mostly there are other option that you need to focus on.

sana54210

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Quote from: Sebas.tian on February 25, 2021, 01:53:07 AM

Hurry has lead many traders to failure because many of them never took their time to find out the really information concerning the market pump before selling their coins. I don't rush when other traders are rushing to supply in the market because it has reduced so many traders to zero level in the profit making.
It is good to watch the market price very well before releasing your coins to market which will really help you as a trader to achieve something good from your investment.

There was a great saying like that, "be greedy when others are fearful, be fearful when others are greedy" or something like that, when people make rushed decisions and make it is super volatile, any direction that price goes 10% or more I just stop doing anything. If it goes down 10%+ , I still stop and not do anything at all and wait for it to stabilize a bit, if it goes up 10% I still stop and wait for it to stabilize.

After all, it can't do that for over 10 days in a row, eventually it will have to stop and that is why I do not have any problems at all. You should be worried if it makes bigger moves, I remember the times when bitcoin moved from 20k to 3k so I can't say that I would be really excited about more than 50%+ drop, it would be basically scary for everyone, thankfully we are not anywhere near those levels just yet.

lixer

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Quote from: justdimin on February 24, 2021, 05:23:11 AM

Too much of anything is bad whether its sweet or sour, applying the same logic we can say having too much patience and being a saint while your portfolio is suffering is not wise. Similarly, just losing $1 value on Bitcoin should not make you sweat your pants and sell your bitcoins developing fear of the market collapsing.

I don't know why the same guys who were so positive about bitcoins and the future are suddenly so worried that they are asking others if they should hold their coins. A few weeks back guys were suggesting others to buy bitcoins and those same guys are now asking in telegram groups, I follow a few, about whether they should sell their coins as the market is collapsing.

Just cool down and don't follow the price too many times a day because checking it again and again is only going to break your confidence and ultimate you will end up dumping your coins, once again for a cheaper value.

I guess people who like to overreact to going up will of course overreact to bitcoin going down, we all knew that bitcoin would eventually go up so we weren't surprised when it went up, and we know that corrections happen as well so we weren't surprised about this neither. I remember clearly just a few months ago price moved from 24k to 18k and everyone was scared, what happened? We reached to 40k price after that, I also remember price was 41k dropped to 29k and everyone was scared, what happened?

We reached nearly 60k levels, and now we moved from 60k to 45k, and people got scared again, I am not, Because I believe there is a chance we can reach 80-90k in the next 1 month, and that is not even unlikely, that is probably the most possible result. So do not care about those people who overreact, just look at what it does and you will see the situation easily.

LUCKMCFLY

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Quote from: blckhawk on February 26, 2021, 10:53:14 AM

Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

It sounds perfect and it should be implemented in our trade, however, for some reason as we have been in this kind of situation I doubt you can follow your ideal method as our emotions will still a hindrance unless you will be able to manage it. Thus, you must be working on managing emotion first then it will all follow through. As a matter of fact, we don't know when or how the market will move but as long as we are getting profit that is all matters. I mean we could wait or sell in a hurry but make sure it will be profitable. But I like your idea of using a small amount of money to monitor the market, that would be a good strategy.

This method is very good, because when you are going to close a position and you have the feeling that it will continue to rise, you can close 40% or 60% and thus you extend the profits, that method was done by Jesse Livermore. Of course when losses are generated I recommend closing the position at once and not prolonging the loss or living with hope, since it is better to leave with a not so great loss because the market gives new entries.

blckhawk

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Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

It sounds perfect and it should be implemented in our trade, however, for some reason as we have been in this kind of situation I doubt you can follow your ideal method as our emotions will still a hindrance unless you will be able to manage it. Thus, you must be working on managing emotion first then it will all follow through. As a matter of fact, we don't know when or how the market will move but as long as we are getting profit that is all matters. I mean we could wait or sell in a hurry but make sure it will be profitable. But I like your idea of using a small amount of money to monitor the market, that would be a good strategy.

Golftech

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Quote from: Japinat on February 25, 2021, 06:32:20 PM

Quote from: AakZaki on February 25, 2021, 05:28:56 PM

In addition, you also need to analyze any price movements of these coins. You have to find the strongest support and resistance as a reference for you to buy and sell it. Do not use the science of groping prices because it will be misleading, you must be able to do an analysis

But this seems so hard as we don't know the trend to happen next. We can't be in a whole day watching the market and that we are so lucky if we can catch the best price. I hope there is a tool that could tell us but there is nothing, and that we need to consider. Because for me, I don't follow such a strategy, I sell in bulks when the price is good and I'm pretty in a hurry not to miss it.

I responded on the market growth depending on the situation. We know how the market moves, if we see it at $100 today, it can't be the same by tomorrow, and that we need to catch up.

Yes, we can not always watch the market, but we can set the alarm for the price up or down to immediately check on our account and do something related to the current market. Maybe you can try to set an order sell price at the price you want, so you do not miss the chance to sell your bitcoin. That will help you to use the opportunity to buy low and sell high.

It's best to have such targets both for buy and sell position, there are many cases that traders
missed up chances. If you are good in analysing the situation you can take the advantage both
from bull and bear run.

Deciding should relied with how you really deal with your research, your chance is much better
than rushing everything without thinking ahead.

MWesterweele

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Quote from: Sebas.tian on February 25, 2021, 01:53:07 AM

Hurry has lead many traders to failure because many of them never took their time to find out the really information concerning the market pump before selling their coins. I don't rush when other traders are rushing to supply in the market because it has reduced so many traders to zero level in the profit making.
It is good to watch the market price very well before releasing your coins to market which will really help you as a trader to achieve something good from your investment.

If we feel having our uncertainties when it comes to buying or selling our coin at that certain moment or certain amount, i guess we should take time to analyze properly why are we feel that way. It is true that being in a hurry has lead to failure in many ways. We should take time to think deep and think twice to be in a hurry if we have a certain period that need to meet, coz if there's not, i would say that life in cryptocurrency especially in trading while on your top priority was to earn a profit then it shouldn't be take it easy and hurry.

bitgolden

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Quote from: Julien_Olynpic on February 23, 2021, 05:38:01 AM

Sometimes you still need to hurry. For example, after a promising altcoin faces a strong rally. Then you can really be late. Therefore, you still need to collect a position for each trading instrument in advance. If we were never late, then there would be no point in trading on the stock exchange. Fortunately, this is not the case. Timing plays a very important role in our life. Each position must therefore admit a certain percentage of error.

I think you do not have to really be in a hurry in that situation at all. If you feel like you are barely there and you may end up missing out on something if you do not act very quickly, there is a chance that you could actually be very late to that as well, there is really no need to keep attacking on something when you can avoid it and just look for something else.

I do not really go into something thinking it is on the brink of going super high because most of the time either I am too late, or it doesn't do what I expect it to do, and on rare occasions it actually does go super high, there is really no reason to be sad about it considering there are tons of others out there. I try to be calm about it and make a long term investment, if I buy a coin, I try to hold it at least a year, and looking for those type of investments gives you a greater return.

mersal

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Quote from: cytpoway121 on February 22, 2021, 10:46:00 AM

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

If you are doing trades in batches then you can reduce risk but you also reduce the potential gains which no trader wants to accept it.I don't think that buying and selling in small amount can be a good choice, so just do with whatever money you have but keep in mind that which should be affordable to lose.

geegaw

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Quote from: Shasha80 on February 25, 2021, 06:36:42 PM

If we trade with the right strategy and can also control our emotions, we will not rush into making decisions when trading. Therefore trading is not
just buying and selling coins, but is even more complicated. Need a lot of consideration before making a decision, so that the decisions we take are
right and can provide the profit we really expect. Most people who trade in a hurry, they are influenced by other people and do not have knowledge
and experience in crypto trading. So it is very natural that we find many newbies who experience losses in trading, because they are in a hurry to buy
coins or sell coins.

The theory you talk about is going to be different from reality when the emotions in some stage are difficult to control, we may sometimes have no intention of selling hastily or rushing to buy but as you can see, market value can increase immediately or vice versa, how can we consider carefully when the rate of drop and price increase becomes too fast compared to normal? Perhaps haste can bring wrong decisions but it also does not lack the right decisions, the most important thing is that we ensure our greatest interests, cannot consider decisions for too long when danger comes

TimeTeller

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Quote from: Japinat on February 25, 2021, 06:32:20 PM

Quote from: AakZaki on February 25, 2021, 05:28:56 PM

In addition, you also need to analyze any price movements of these coins. You have to find the strongest support and resistance as a reference for you to buy and sell it. Do not use the science of groping prices because it will be misleading, you must be able to do an analysis

But this seems so hard as we don't know the trend to happen next. We can't be in a whole day watching the market and that we are so lucky if we can catch the best price. I hope there is a tool that could tell us but there is nothing, and that we need to consider. Because for me, I don't follow such a strategy, I sell in bulks when the price is good and I'm pretty in a hurry not to miss it.

I responded on the market growth depending on the situation. We know how the market moves, if we see it at $100 today, it can't be the same by tomorrow, and that we need to catch up.

This is the reason why crypto market is very risky investment.
The price changes in no time and without reason.
Even TAs are not applicable in so many cases here.
But if you truly know the project and keep up with them, you will have a better idea on where they are heading.
Because you can get a hint on what's happening with the project by what they are providing to the community.
So you don't have to watch the market all day long, check also the progress of the project and see what are they doing in that aspect.

Shasha80

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If we trade with the right strategy and can also control our emotions, we will not rush into making decisions when trading. Therefore trading is not
just buying and selling coins, but is even more complicated. Need a lot of consideration before making a decision, so that the decisions we take are
right and can provide the profit we really expect. Most people who trade in a hurry, they are influenced by other people and do not have knowledge
and experience in crypto trading. So it is very natural that we find many newbies who experience losses in trading, because they are in a hurry to buy
coins or sell coins.

Japinat

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Quote from: AakZaki on February 25, 2021, 05:28:56 PM

In addition, you also need to analyze any price movements of these coins. You have to find the strongest support and resistance as a reference for you to buy and sell it. Do not use the science of groping prices because it will be misleading, you must be able to do an analysis

But this seems so hard as we don't know the trend to happen next. We can't be in a whole day watching the market and that we are so lucky if we can catch the best price. I hope there is a tool that could tell us but there is nothing, and that we need to consider. Because for me, I don't follow such a strategy, I sell in bulks when the price is good and I'm pretty in a hurry not to miss it.

I responded on the market growth depending on the situation. We know how the market moves, if we see it at $100 today, it can't be the same by tomorrow, and that we need to catch up.

Ridwan Fauzi

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It is about your strategy and your understanding how to trade. A good trader is he will know what will happen next, also where the direction price will go. So as he will already know how much capital that he should spend to buy the coin also he will buy the coin partially, never use all his capital as a whole in one purchase.

Also, he will do the same thing when he will sell the coin. If he already profited he will never sell all of their asset, he will also sell partially. Even, some of them will only sell in a half to only just take a profit and the rest he will still hold because he will know that the price movement will still give him a profit.

AakZaki

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zknodes.org

I agree with several points in order not to rush into entry into cryptocurrencies and also not to rush when selling them.

Everything has to be done with the right strategy as you have explained about buying and selling it gradually in batches.

In addition, you also need to analyze any price movements of these coins. You have to find the strongest support and resistance as a reference for you to buy and sell it. Do not use the science of groping prices because it will be misleading, you must be able to do an analysis

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