Realizing the value of holding cash - page 3.

TravelMug

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Quote from: BitDane on October 21, 2022, 07:55:27 PM

Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.

Everything should be place in equilibrium. It is wise to buy altcoins when the price is at the bottom but it is unwise if it leads you to the point that you are running out of money. Since when an event comes where you need cash such as emergency, you will forced to sell your holding even though it is far from maturing( target selling price). Balance should be observed in both bear and bull market so that we can freely sustain our daily livings and plans.

Of course, you have to balance everything it, have crypto and at the same time you need the old fiat in your wallet. First, you can't transact everything in crypto, majority is still in fiat system, so you need cash on hand every time. Second, if you put everything in crypto, at some point, you will have to withdraw it. Third, have some in case the price crash hard again and so you have money to buy and then simply hold. Or if you think you make enough profits already, then sell. And so as much as we love our bitcoin and altcoin, the world still revolves around fiat like USD and our local currency.

Joshapat

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Quote from: Vaskiy on October 21, 2022, 06:52:24 PM

Quote from: CuriousGeorge on October 21, 2022, 06:46:06 PM

Quote from: ?? on ??

The reason many people most especially from the third world countries believe holding crypto in place of cash is better is that they fear the fall in their exchange rates as against the dollar. But most forget to convert their bags of coins or tokens to stable coins to avoid the losses attached to the crashes in price. Most people who hold crypto from the developed countries and eventually fall into losses after they have initially made a lot of profits do so as a result of their greed. Greed of not satisfying with little profits is what drives many into losses in the Cryptocurrency world.

The crypto has become the worst holding during the bearish market and cash is a very good holding during the bearish market. I guess if you do know this. It's caused by having cash make you can buy at the bottom with low price.
These days people are only realizing to buy at the bottom which has needed cash as the main requirement to do that.

This is wrong prediction. Whether the market is bullish or bearish it is good to hold in terms of cryptocurrency. Just think of cash during the bearish Market, it'll be the same as that in the bull market. So, moving the cash into cryptocurrency during the bear market is the best one can do than holding cash.

If Hold Cash will not be affected by the market conditions, good opportunities at this time because the market is bearish so that investment in Altcoins immediately then we can increase and get a big profit.

BitDane

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.

Everything should be place in equilibrium. It is wise to buy altcoins when the price is at the bottom but it is unwise if it leads you to the point that you are running out of money. Since when an event comes where you need cash such as emergency, you will forced to sell your holding even though it is far from maturing( target selling price). Balance should be observed in both bear and bull market so that we can freely sustain our daily livings and plans.

Vaskiy

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Quote from: CuriousGeorge on October 21, 2022, 06:46:06 PM

Quote from: ?? on ??

The reason many people most especially from the third world countries believe holding crypto in place of cash is better is that they fear the fall in their exchange rates as against the dollar. But most forget to convert their bags of coins or tokens to stable coins to avoid the losses attached to the crashes in price. Most people who hold crypto from the developed countries and eventually fall into losses after they have initially made a lot of profits do so as a result of their greed. Greed of not satisfying with little profits is what drives many into losses in the Cryptocurrency world.

The crypto has become the worst holding during the bearish market and cash is a very good holding during the bearish market. I guess if you do know this. It's caused by having cash make you can buy at the bottom with low price.
These days people are only realizing to buy at the bottom which has needed cash as the main requirement to do that.

This is wrong prediction. Whether the market is bullish or bearish it is good to hold in terms of cryptocurrency. Just think of cash during the bearish Market, it'll be the same as that in the bull market. So, moving the cash into cryptocurrency during the bear market is the best one can do than holding cash.

CuriousGeorge

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Quote from: ?? on ??

The reason many people most especially from the third world countries believe holding crypto in place of cash is better is that they fear the fall in their exchange rates as against the dollar. But most forget to convert their bags of coins or tokens to stable coins to avoid the losses attached to the crashes in price. Most people who hold crypto from the developed countries and eventually fall into losses after they have initially made a lot of profits do so as a result of their greed. Greed of not satisfying with little profits is what drives many into losses in the Cryptocurrency world.

The crypto has become the worst holding during the bearish market and cash is a very good holding during the bearish market. I guess if you do know this. It's caused by having cash make you can buy at the bottom with low price.
These days people are only realizing to buy at the bottom which has needed cash as the main requirement to do that.

chaser15

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Being in a FOMO is part of an experience in crypto-trading. Sometimes it works, and sometimes it does not. Weak hands are just usual and common to see since that's how unpredictable crypto is. That's the challenge here.

Everyone is a genius during the bull run while during a bearish market, those geniuses are nowhere to be found.

Let's just build experience and try to go with the flow of the current market trend. People will be soon used to riding any trend that they will encounter.

justdimin

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Quote from: mindrust on October 20, 2022, 12:39:24 AM

Having cash is a position. A position which becomes useful in certain situations. Cash loses its buying power against the inflation but stocks/crypto lost their buying power against the dollar since their peak which makes the dollar a good hold since then. Lots of people bought btc when it was $40k+ and not many people want to buy now even though the price is much lower.

I have to say it's not really that much of a big deal if you are holding cash when it is going up, it matters when you have the cash. If you have the cash after you profited a ton, then it doesn't matter, but if you have cash even before you try to make money then it's going to hurt you. That's why it shouldn't really be a big deal based on when you sell. Always try to have some cash when you are at the top, and always buy bitcoin at bear market.

Right now, I am buying as much as I can afford to, and that's a lot better, because right now is discount prices and I could buy a lot more right now this period so that I could profit later, so I agree with what OP is saying, I have been doing exactly that for a long time now.

justdimin

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Quote from: naira on October 21, 2022, 02:16:18 AM

The point of this thread is simple and general, namely buy when it goes down and sell when it goes up so don't let everything reverse. Due to the current phenomenon, novice traders and investors rarely do research beforehand. They go into certain coins after the hype rises to the surface. Then the pope threw it away and the beginners who thought it would be profitable turned into big losses. DCA in this case needs to be emphasized, always consistent in dropping money in crypto.

I can understand the "when is low? when is high?" mindset, because there are a lot of people who are willing to buy when it is low, but not sure if we are at the bottom already or will it go down even more? Like for example if you check the 40k price saw a lot of people buying during that time, they were wrong and it dropped more, and people are afraid if they buy around 20k and it drops to 10k they would be losing money too.

That's understandable. Or when it goes up, if you bought at 10k and sold at 35k that was a good increase, but it went to 60k+ how could you know that? Which is the difference and the problem, and I can definitely understand that.

irhact

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

You can sell some coins for cash when you start noticing the crash or already have been caught in the first crash. The good thing about the market, is the crash happens in stages and not at ones so if you noticed you'll be out of cash then just take some profit and hold cash as cash is very important in bear market. It'll prevent you from selling your other important coins or give you an opportunity to buy more coins at discount price.
Also as you DCA into coins so shall you do the same out of coins you have invested in. Don't be greedy, when you're in profit, take some profit and not mind if the price of the coun rise more. Many people invest blindly and this affect them in the future.

Jackl87

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.
Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Well in general i definitely agree with your statement here. I also think that a bear market like the one we are having now is usually a great opportunity to buy into big and established project because now they have lost at least 50% or even more compared to their all time high from last year or so. The big problem is that we just don't know what will happen in the future. If the prices start to climb now and we are having a price of 5k$ per ETH in a year or so everyone will say "why did i not buy ETH for 1300$" but it could also happen that we are having still 2 or more years of bear market ahead of us and that ETH could also go down below the 1000$ mark.

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if people are not greedy and can control their emotions by taking advantage of every bullish or bearish moment of course they can get rich, when a bull market they should play short term with a fast tempo making quick profits and when entering a bear market they should be able to take advantage of waiting time buy again cheap, unfortunately people never take advantage of it and my advice is to make sure to use cold money for crypto investments

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Quote from: Luffygroove on October 20, 2022, 10:34:45 PM

Saying that is much simpler than really carrying it out. Some of us are learning things the hard way, and yet many of us still can't put it into practice when we're in a sticky position. Emotional stability and greediness are two of the most important characteristics. It's almost impossible to pinpoint the limits of the top and the bottom. To keep oneself in check, we must first accept the earnings and then practice gratitude. I also think we need to have some cash on hand and not risk everything. It also involves the management of investments.

Smart people will always try to give some percents from their portfolios as a reserved funds. You didn't know what's gonna happen tomorrow and so anything will have need to be prepared. that's how market works right now. I meant look at the fact that if market is still unpredictable for now. The fact that if market may go bearish can't be avoided by us.

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Quote from: gantez on October 20, 2022, 05:47:46 PM

Quote from: maydna on October 20, 2022, 06:34:17 AM

And I agree with @OP, who said we need to have money now to buy a lot of potential coins so we can hope we can take big profits in the next bull run.

This is the cheap times to buy true of it but buying a coin just listed is still risky because it is either it will rise or will be pull down. To buy coins in existing market with caps and volume is better investment. Like in buying of bitcoin, we are aware that it has to go above ATH and investment there is worth the wait.

And that's the reason why we don't need to take the risk by buying coins or tokens that have just been launched into the market because there will be pump and dump moments happening in the market. If we keep following the moment in hopes of taking advantage, we must be very careful and not try to push ourselves because it will be dangerous for our funds. We should keep buying coins that have the potential to increase like bitcoin, because we have seen the power of bitcoin when it gets a rally.

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.

The point of this thread is simple and general, namely buy when it goes down and sell when it goes up so don't let everything reverse. Due to the current phenomenon, novice traders and investors rarely do research beforehand. They go into certain coins after the hype rises to the surface. Then the pope threw it away and the beginners who thought it would be profitable turned into big losses. DCA in this case needs to be emphasized, always consistent in dropping money in crypto.

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Saying that is much simpler than really carrying it out. Some of us are learning things the hard way, and yet many of us still can't put it into practice when we're in a sticky position. Emotional stability and greediness are two of the most important characteristics. It's almost impossible to pinpoint the limits of the top and the bottom. To keep oneself in check, we must first accept the earnings and then practice gratitude. I also think we need to have some cash on hand and not risk everything. It also involves the management of investments.

TimeTeller

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Quote from: eaLiTy on October 20, 2022, 03:01:22 PM

Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

~
There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

These things happens especially to new investors who are coming into the space after seeing the rally who have no idea about the market but thinking they can ride the market and make a good buck, they do not do their research but start investing in whatever they can thinking it will benefit them but end up burning everything in the end and starts regretting for burning all the hard earned money, only if they make the decision to study the market before investing it would be the difference.

This is the usual problem in this market, many newcomers thought that they are going into gold digging project.
However, once they got in, they usually don't know what to do and how to earn profits.
This is why, most are tempted to buy pump and dump coins, hyped up tokens or other seemingly popular projects but with superficial promise of high returns.
People need to learn their lessons before they realized what they are getting into, as it is hard to advise newbies in this market.

gantez

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Quote from: maydna on October 20, 2022, 06:34:17 AM

And I agree with @OP, who said we need to have money now to buy a lot of potential coins so we can hope we can take big profits in the next bull run.

This is the cheap times to buy true of it but buying a coin just listed is still risky because it is either it will rise or will be pull down. To buy coins in existing market with caps and volume is better investment. Like in buying of bitcoin, we are aware that it has to go above ATH and investment there is worth the wait.

eaLiTy

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Quote from: Captain Corporate on October 19, 2022, 04:34:45 PM

~
There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

These things happens especially to new investors who are coming into the space after seeing the rally who have no idea about the market but thinking they can ride the market and make a good buck, they do not do their research but start investing in whatever they can thinking it will benefit them but end up burning everything in the end and starts regretting for burning all the hard earned money, only if they make the decision to study the market before investing it would be the difference.

Yamifoud

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Those who buy on a bull run they should understand it is a short term trend and they shouldn't hold it any longer but what I found they were tempted by the bull run and thought it would continue to go up indefinitely and they weren't targeting profit when it entered so they weren't headed in gain profit as a result only loss.

Because they never thought that drops will come shortly after they bought Bitcoin. Usually, we assume that bull season will stay longer. Though we are aware of the possible dumps, it was not in our mind as we enjoy buying neglecting the risk that one day or even by tomorrow bear market will begin.
Sometimes, we thought that holding during the bull season will give us more profit but instead, this is also a reason for our losses and missing the opportunity to sell them high. I was a victim with this mindset last 2017, that is why I'd never do this last year - I sell them before the change of its course.

yazher

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Quote from: Johnyz on October 19, 2022, 05:33:14 PM

Having cash on your hands always is a good strategy, it can give you buying power and when you see opportunity you can easily get it because you have that extra funds with you from time to time. Also, cash can help you with your emergency needs, aside from having your own emergency funds it can help you a lot once you have other extra funds. Cash management is also important, we should not just buy during bear market, we still need to analyze as well.

Especially today when the time is uncertain to end this current inflation and the war still exists that cost all of disrupts in the world economy. You really need some cash and to be fair, you also need some crypto that is tradable because those two are in demand when the time of crisis, and no it's really best to have more choices than to stick to one thing like what we saw with the banks that are closed when there is a disaster and you can use crypto easily when that happens.

Topic: Realizing the value of holding cash - page 3. (Read 674 times)