Sell if you have needs for funds, but BUY BACK. - page 2.

isaac_clarke22

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Quote from: Lorokan on April 18, 2021, 04:27:25 PM

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Depends.
Sometimes you just got really sell especially on newer tokens these days, like I never heard anything new here in Altcoin Discussion of possibly the next coin that could be great for hodling aside from all those in the toppers.
If you know your coin would be dumped by investors when it was still on sale and by some bounty hunters, you got no choice but to take while it is still in its profitable price.

ElaineGanda

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I remember when I started doing crypto and I don't have much resources, I started with scalp trading wherein I make some profit in small price changes and saving it to buy another potential coin that will make some good profit. I did it for about a year and when I already save enough, I started trading to some of the top 10 coins. Even if I have enough money to buy what I want, still I managed to use that money to buy back other potential coins and sell some of them just to sustain my needs and funds.

GrosWesh

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Quote from: doctor877 on April 18, 2021, 04:58:21 PM

no matter the amount of tokens you are holding, documenting will help to track and buy or sell when its needed.

I agree, keeping tracks of what you did (buy, sell, prices, dates...) is one basic rule every 'trader' should follow.

Quote from: crzy on April 18, 2021, 04:59:24 PM

Don't hesitate to take profit because you work for it

Right, that's why taking some profits on a regular basis is important too, imo. Another good reason is doing so you'll be able to catch some dips Wink

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Quote from: hatshepsut93 on April 19, 2021, 11:58:16 AM

It makes sense to buyback Bitcoin, since it's the most reliable crypto investment, but anything else is not worth the long-term risk.

Even if you're partially right, i think you're a bit too maximalist ( Cheesy

) in your thinking. I'm certain link's ogs (for example) would disagree.

dimonstration

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Quote from: doctor877 on April 18, 2021, 04:58:21 PM

survival should be the first which is why this is correct. i think people find it difficult to keep track of their token and when they sell they dont usually buy back, thats why they usually settle for long term. trading is like a business which should be documented, no matter the amount of tokens you are holding, documenting will help to track and buy or sell when its needed.

Taking profit especially if its not really a potential coin and suddenly reaches some ATH never imagined then sell and take profit since its not usually that the price of altcoins always moves into pump , there are only few altcoins that are adapting with BTC so take all opportunities when there are altcoins that do pump and already in profit just buyback if that altcoin deserves to be in the future.

Roidz

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Quote from: Looper_U on April 19, 2021, 12:13:24 PM

Everything is timing in crypto space, you can't just buy back because you could, you have to know when to get in and that's bearish moment or dips, also it's better to atleast a little about candle reading, anyways just sell high and buy low is all

In principle, buying when it is cheap and selling when the price is high is the basis for trading, but even so, not a few of us do experience losses when we are unable to predict the right time to enter, in the world of cryptocurrency everything can happen if we are unable to predict where the price will move, that's why it is important for us to study market analysis and also to gather information related to the altcoins that we will trade, because often occur any altcoins that we think are quite cheap but suddenly the price is getting cheaper when we enter.

Looper_U

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Everything is timing in crypto space, you can't just buy back because you could, you have to know when to get in and that's bearish moment or dips, also it's better to atleast a little about candle reading, anyways just sell high and buy low is all

The Cryptovator

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Selling when you need and buyback is a kind of trading. I am doing this thing. I am selling my earnings and holding as well when I need money. Doesn't matter what is the price during selling. But I struggle to buy back once I have enough funds. I do not regret even I can't buy back due to no dip, because I sold coins for real-life need. I am in cryptocurrency for getting profits, doesn't matter if it's from treading or from some other sources. I made mistakes in back 2017 by not selling my Bitcoin even I needed to sell it. But later regret once invest in shitcoin and dumped it for a lifetime. So, now I decide I will be sold the coin for my needs, doesn't matter the price and I will try to regain on dip what I sold.

hatshepsut93

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If you're in a situation when you need to sell some altcoin or token to meet ends, then you shouldn't have bought that coin in the first place, alts can lose their value in a instant when the team pulls an exit scam or it becomes clear they won't be working on the project seriously.

It makes sense to buyback Bitcoin, since it's the most reliable crypto investment, but anything else is not worth the long-term risk.

Gozie51

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Quote from: Lorokan on April 18, 2021, 04:27:25 PM

Alot of traders who hold valuable tokens with good value are hesitant to sell when in need because of the longer term, but it is wrong. Sell a token if you are in need or have needs for funds and have it at the back of your mind that once you are back in shape, you are buying the tokens back to keep your long term vision alive.

What you should not do, is sell a coin because you are expecting a dump (unless you are quick enough to buy back before a bull rally). Always dyor. Have you been in such tight spots as this before ? Can you share how you escaped it ?

You know some coins don't get back to their earlier kick off time, they don't go back to beginning, like saying "they don't remember the little beginning", they despise it slot. Of course who wants to stay down there lol. So they fly and look bigger and if I seller has the intention of buying back, they may not get it as same sold price. My suggestion there is not to have the hope to rebut a particular coin so not to be heart broken if you don't get that price or to avoid buying in high price and price crashes. I advise that after sell of coins, focus on buying another quality coin and if lucky that the sold coin dropped at the time you are ready to buy, you can still get it.

noormcs5

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Quote from: Lorokan on April 18, 2021, 04:27:25 PM

Alot of traders who hold valuable tokens with good value are hesitant to sell when in need because of the longer term, but it is wrong. Sell a token if you are in need or have needs for funds and have it at the back of your mind that once you are back in shape, you are buying the tokens back to keep your long term vision alive.

What you should not do, is sell a coin because you are expecting a dump (unless you are quick enough to buy back before a bull rally). Always dyor. Have you been in such tight spots as this before ? Can you share how you escaped it ?

If you need some money then you have no option but to sell your holding and fulfil your needs.
However, some people sell the coin when the price is high with the thinking that they will buy back when the price will dump. This may happen few times until the price will rise too high and they will be left out. Not a good tactic in a bull season.

Farma

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Quote from: Lorokan on April 18, 2021, 04:27:25 PM

Alot of traders who hold valuable tokens with good value are hesitant to sell when in need because of the longer term, but it is wrong. Sell a token if you are in need or have needs for funds and have it at the back of your mind that once you are back in shape, you are buying the tokens back to keep your long term vision alive.

What you should not do, is sell a coin because you are expecting a dump (unless you are quick enough to buy back before a bull rally). Always dyor. Have you been in such tight spots as this before ? Can you share how you escaped it ?

well, that's the right advice. it's just that, sometimes people think that the coins they hold will have a higher price. However, the dump that happened made a lot of people panic and sold it at a cheap price. this is in fact the opposite of what should be done. however, I tried doing this on ethereum once, and the price continued to go up after that. yeah, but I don't give up. this is still good advice.

H1N1

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Just sell it if you think the coin is on the bullish state, that is the best option at the moment.
Why ? Because it has a possibility that the coin will getting some correction after bull run, and that is the right time to buy back.
With this way, we can accumulate more coin for our long term holding.

senyorito123

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Quote from: crzy on April 18, 2021, 04:59:24 PM

Don't hesitate to take profit because you work for it and if you're in need of money better to sell some of your holdings than to borrow a funds to someone else. I do personally sell my holdings even if i wanted to hold it for long term, i have no choice and there should be no regret after all. We can always buy back at a cheaper price, so don't be afraid to sell and don't worry too much about the future prices, it is still unclear.

Definitely right, there's nothing wrong on selling it most especially your in need of money. Everything will get back because you can buy again and earn profit. Selling and buying are both good things to do because both can earn profit again soon.It is up to you what to choose because it's yours not theirs.

lobo13hf

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I guess those who have been holding valuable token already sold a small portion of their altcoins.
the long term believers are having very good mental and they will never worry with what they have been holding just caused by the dump that was coming to the market.
they will prefer to pick another potential coin to did the same thing like what they have done before. they are smart enough

crzy

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Don't hesitate to take profit because you work for it and if you're in need of money better to sell some of your holdings than to borrow a funds to someone else. I do personally sell my holdings even if i wanted to hold it for long term, i have no choice and there should be no regret after all. We can always buy back at a cheaper price, so don't be afraid to sell and don't worry too much about the future prices, it is still unclear.

doctor877

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survival should be the first which is why this is correct. i think people find it difficult to keep track of their token and when they sell they dont usually buy back, thats why they usually settle for long term. trading is like a business which should be documented, no matter the amount of tokens you are holding, documenting will help to track and buy or sell when its needed.

jossiel

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That is correct, you sell if you need money and you have no other option but to let go of your coins on hold. But if you're thinking that you don't want to buy back, just let go of your emotions too whenever you see that coin pumps again and you're going to calculating how much you should have when that time comes.

Quote from: Lorokan on April 18, 2021, 04:27:25 PM

Have you been in such tight spots as this before ? Can you share how you escaped it ?

Not really escaped but buying back and accumulating it again will make you realize that you're doing the right thing.

Lorokan

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Alot of traders who hold valuable tokens with good value are hesitant to sell when in need because of the longer term, but it is wrong. Sell a token if you are in need or have needs for funds and have it at the back of your mind that once you are back in shape, you are buying the tokens back to keep your long term vision alive.

What you should not do, is sell a coin because you are expecting a dump (unless you are quick enough to buy back before a bull rally). Always dyor. Have you been in such tight spots as this before ? Can you share how you escaped it ?

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