of course you have to choose point 1, because the crypto market is very risky because of volatile prices,
such a strategy must be done, instead of holding long-term and thinking it will continue to go up and up,
of course your money can be zero and it will be difficult to get your investment back .
Topic: Take stock or hodl ? (Read 974 times)
The market is very difficult to guess, and when I try to hold a long term or more than 3 months sometimes prices go down, as happened when I was a lot of investments in October and November 2021 when Market Rising and I Hold until now but I lost around 40%, From now on I will sell immediately when it is in accordance with the profit I planned, namely at least 10%.
what do you do to make a change in the way of investing by holding for 3 months with only according to the specified profit of 10% and immediately selling it. Of course that is probably the best way for you, because you have experienced what happened.I agree with the way my friend above, take all the ways what will be done is based on our own experience that we can trust. take the price as much as possible is when it is being corrected and hold it for a certain period of time, or indeed peg a profit as desired and when the price has been reached then sell it at a predetermined price.
I agree, that market prices are very unpredictable and always change quickly, so it is relevant if pegging according to what we think is reasonable is the best step. there is no need to be too hopeful, because the opportunity may be lost because of great ambition.
A novice hodler needs a stable job where he is regularly paid high wages.
This will allow him to effectively avoid financial adventures. Lack of funds pushes a person to use more risky and aggressive financial strategies. Risky financial strategies can be successful on short-term timeframes. However, on longer timeframes, they are more likely to result in a loss of money.
Hodler, who has a stable job or owns a small business, can use a conservative financial strategy. Having a positive cash flow of fiat money, he can buy reliable cryptocurrencies (Bitcoin, Ethereum, Monero, Cardano) at price drawdowns.
This will most likely lead to an increase in his deposit in value terms (in US dollars or in Euros).
This will allow him to effectively avoid financial adventures. Lack of funds pushes a person to use more risky and aggressive financial strategies. Risky financial strategies can be successful on short-term timeframes. However, on longer timeframes, they are more likely to result in a loss of money.
Hodler, who has a stable job or owns a small business, can use a conservative financial strategy. Having a positive cash flow of fiat money, he can buy reliable cryptocurrencies (Bitcoin, Ethereum, Monero, Cardano) at price drawdowns.
This will most likely lead to an increase in his deposit in value terms (in US dollars or in Euros).
If you already get the benefits as you expect to take it immediately, don't be greedy to get a bigger profit than you already wanted. If the market reverses suddenly, you'll regret not picking it up while it's still there. For me to do well, if you make a profit, this is the end of the trade. And do it again if the market goes down.
it must always be wise in doing something, I totally agree with the opinion of my friend above. Don't be greedy and when you get the profits that are in accordance with the initial plan, even though it may look like it will continue to increase, immediately act to let go with the planned profits. everything can change quickly if you postpone what has been planned, because greed will make plans change and eventually regret.Profits you receive can be saved in advance where to prepare for repurchase.
remember that at any time the market can go down again and at any time it is possible to make a purchase and not hesitate to hold it for a certain time, such as when the market has not recovered. By holding back, of course, we hope that every time it will increase again, remember it takes patience to do all this.
In my opinion, it comes back to each individual, you can hold as long as you want, but if you feel that you have enough profit now, if you want to leave, you are also welcome.
In my opinion, you can take part of the profit, and part of the hold, so you can get both, I think that's better.
Do not forget to take profit.In my opinion, you can take part of the profit, and part of the hold, so you can get both, I think that's better.
That's what many have been forgetting to do.
And when the time of the bear market comes, they're totally out of profit and missed it because they thought that it's not enough for them. And, they're too greedy to have an expectation that price would still go up in an instant so they don't take profit.
for current conditions, I likely tend to number 2. this is because the potential for bitcoin, ethereum and others is still very potential. let's just say this is a phase where the price of the coins is still very cheap, so the spirit of holding and collecting coins is still very large. however, the prices of coins like bitcoin and ethereum are currently quite far from ATH, and are likely to reach their new ATH in a few months or years. So, right now they're still pretty cheap and it's still great to hold and collect them.
whereas I will probably choose number 1 when I have profited with strategy number 2. however, I feel that popular crypto assets have a greater potential to increase our savings faster than choosing method number 1.
Crypto has a huge potential, much bigger than what stocks could give us and that seems to be the case here as well. Stocks do not always drop, but the crashes they have are so big that most of the time it feels like they go 1 to 2 and back to 1 and then 2 again and then drop 1 and keep doing that in cycles. Whereas it is a reality that crypto is not like that, the future holds better results for crypto since it can go up so much more and the drop will be still bigger than the initial price.whereas I will probably choose number 1 when I have profited with strategy number 2. however, I feel that popular crypto assets have a greater potential to increase our savings faster than choosing method number 1.
Look at the current situation we are at around 42k, sure we reached nearly 70k, but the "drop" was still 2x bigger than the last ATH price we had.
If you already get the benefits as you expect to take it immediately, don't be greedy to get a bigger profit than you already wanted. If the market reverses suddenly, you'll regret not picking it up while it's still there. For me to do well, if you make a profit, this is the end of the trade. And do it again if the market goes down.
That's right, every trade must have a plan, for example selling assets when the price has reached a high increase or has reached the profit goal,
don't hold it too long if you don't want to regret it, look! if you bought Ethereum or BNB at last year's highs,
then you are in for a big loss now, so don't take it lightly.
If you already get the benefits as you expect to take it immediately, don't be greedy to get a bigger profit than you already wanted. If the market reverses suddenly, you'll regret not picking it up while it's still there. For me to do well, if you make a profit, this is the end of the trade. And do it again if the market goes down.
Holding is easier if you have a job to focus with.
While holding, your focus is with the job that you have to work on and you won't notice if there's a sudden price increase. Having that said, you're going to be one of the happiest person ever upon looking at how much the value your coin have grown.
That's why if you're for holding or even in trading, just keep the job you've got until you think that you can go all along and survive even without it stably.
It is very balanced if the income does not always rely on trading consistently holding coins then it will not be disturbed because we already have a steady income from that real job.While holding, your focus is with the job that you have to work on and you won't notice if there's a sudden price increase. Having that said, you're going to be one of the happiest person ever upon looking at how much the value your coin have grown.
That's why if you're for holding or even in trading, just keep the job you've got until you think that you can go all along and survive even without it stably.
Many people are inconsistent in HODL coins because the income relies on crypto trading which causes it to not be strong for long in hand, especially when the ups and downs make the heart nervous to want to sell it for fear of the risk of loss but if there is other income then we will still calm in any situation in the crypto market.
That's why as you trade or hold, you don't have to leave the job that you're making a stable income.
The salary that you'll be getting there can also be used to add more assets to hold.
So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:
1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
In my opinion the #1 is better option. If you want to hold on, you have to wait a long time to get big profits. In this case, if the market goes down a lot of times, your mind may break and you may sell your btc or others crypto in panic, in which case you will face loss. So #1 better option is to sell your hold crypto when the market is pumped and save your money in bank and buy it again when it is down. 1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
It depends on the ability to control your emotion and how good the strategy used can be. #1 Taking stock could be best which requires monitoring the market at consistent interval to help decide when it's best to accurately take stock in profit. But #2 hodl is easier but it only limits the number of coin to a fixed quantity despite the price fluctuation
I chose HODL number 2 in the hope that the price will continue to rise and rise, the reason is because I have a permanent job, and of course I have a steady income from my salary which I don't think really needs number 1.
and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
If your daily income does not depend on trades then holding will be a great option for the best return. and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
If you hold BTC, ETH, BNB then holding is the right decision in the long run, we will definitely go higher. But you are holding other altcoins when it is profitable, I think you should sell them immediately and maybe consider reinvesting when the price drops. At this point, number 1 would be a more executable choice.
I chose HODL number 2 in the hope that the price will continue to rise and rise, the reason is because I have a permanent job, and of course I have a steady income from my salary which I don't think really needs number 1.
and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
Holding is easier if you have a job to focus with.and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
While holding, your focus is with the job that you have to work on and you won't notice if there's a sudden price increase. Having that said, you're going to be one of the happiest person ever upon looking at how much the value your coin have grown.
That's why if you're for holding or even in trading, just keep the job you've got until you think that you can go all along and survive even without it stably.
Many people are inconsistent in HODL coins because the income relies on crypto trading which causes it to not be strong for long in hand, especially when the ups and downs make the heart nervous to want to sell it for fear of the risk of loss but if there is other income then we will still calm in any situation in the crypto market.
about their profits since this is where they do get their income which is also possible but of course the behavior would be totally different to each other because of the different condition in terms of source of income.
It is hard to hold when you are relying on it but its not when you are depending into other sources which is normal.
So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:
1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
to trade if for me there is no need to hold bitcoin or altcoins for too long for example we have already made a profit, sell and buy other altcoins or can buy again when you have sold the altcoin you traded and wait for another decline and for example you estimate the altcoin will move up again you can buy it again, because trading is different from us investing which we can keep for a long time. 1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
I chose HODL number 2 in the hope that the price will continue to rise and rise, the reason is because I have a permanent job, and of course I have a steady income from my salary which I don't think really needs number 1.
and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
Holding is easier if you have a job to focus with.and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
While holding, your focus is with the job that you have to work on and you won't notice if there's a sudden price increase. Having that said, you're going to be one of the happiest person ever upon looking at how much the value your coin have grown.
That's why if you're for holding or even in trading, just keep the job you've got until you think that you can go all along and survive even without it stably.
Many people are inconsistent in HODL coins because the income relies on crypto trading which causes it to not be strong for long in hand, especially when the ups and downs make the heart nervous to want to sell it for fear of the risk of loss but if there is other income then we will still calm in any situation in the crypto market.
I chose HODL number 2 in the hope that the price will continue to rise and rise, the reason is because I have a permanent job, and of course I have a steady income from my salary which I don't think really needs number 1.
and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
Holding is easier if you have a job to focus with.and maybe i just take a little profit when the price goes up like touching a new ATH for something i need, because i believe a higher rise will definitely happen even though it has to go through ups and downs which in the end the price will go higher than before even if it takes a long time .
While holding, your focus is with the job that you have to work on and you won't notice if there's a sudden price increase. Having that said, you're going to be one of the happiest person ever upon looking at how much the value your coin have grown.
That's why if you're for holding or even in trading, just keep the job you've got until you think that you can go all along and survive even without it stably.
So with the current peak on Bitcon, Ethereum (and nearly all of my alt coins) is it wise to:
1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
for current conditions, I likely tend to number 2. this is because the potential for bitcoin, ethereum and others is still very potential. let's just say this is a phase where the price of the coins is still very cheap, so the spirit of holding and collecting coins is still very large. however, the prices of coins like bitcoin and ethereum are currently quite far from ATH, and are likely to reach their new ATH in a few months or years. So, right now they're still pretty cheap and it's still great to hold and collect them.1) Take out the profit to either bank or reinvest when there is another dip
2) HODL in the hope that it keeps rising and rising
whereas I will probably choose number 1 when I have profited with strategy number 2. however, I feel that popular crypto assets have a greater potential to increase our savings faster than choosing method number 1.
Some people have different decisions, because they consider what they think is best. Best adapted to their skills. Sometimes many people can take stock at a cheap price but can not determine the target when he should take it off. That's what makes us feel missed and feel sorry for not taking advantage right away. The last resort is to hold until you think it's worth exiting the market. But holding back requires mental strength and not a few people choose to sell losses.
Selling point is not really the most important part when trading. If you could buy it at a good price then you could sell it at a good price as well, there is nothing wrong with that. I believe that we should not be worried about the selling point because we are talking about something that is easily doable if you purchased at a great level.I know that there is a good chance you may not make as much as you could, but at the very least, if you managed to buy at the bottom, you will still be making profit, either low or high but you will make a profit. This is what I believe to be the most important part of the crypto world, buying at the bottom.
It all depends on each individual, but if I personally then of course would choose to take a little profit when the price of the coin has reached its highest price and then take advantage of every drop in price to buy again at a lower price so that it will get more coins with smaller capital, but I don't blame it if some people prefer to hold it according to the target they have set because that is also a good move.
Some people have different decisions, because they consider what they think is best. Best adapted to their skills. Sometimes many people can take stock at a cheap price but can not determine the target when he should take it off. That's what makes us feel missed and feel sorry for not taking advantage right away. The last resort is to hold until you think it's worth exiting the market. But holding back requires mental strength and not a few people choose to sell losses.
If we lack knowledge of market movements, holding assets is the best choice. It should be underlined that for holding assets, of course the best coin choice in my opinion is Bitcoin, although it is possible that altcoins such as ETH and BNB or other coins are good for holding.
Good one on telling that. There are still inexperienced investors and traders in the market that keeps on coming, they don't understand that it's better to hold if they've been always having a bad day trading just to have losses.Holding should be fine when you really have a lot of busy days and you only have to check it when you have to because of the market fluctuations that's always been happening in the market. There's no reason for one to be afraid of volatility when you're just holding especially when you hold these recommended crypto assets to hold.
Holding crypto assets in the long term also aside from overriding the volatility that occurs, it also gives psychological confidence to the investments we are focusing on. Especially if we have done long-term crypto holding assets before, of course our experience and response to the market will be sharper. We are able to determine how we enter and by what method we accumulate assets. Of course, it will be more profitable to continue to move funds by buying assets and holding, rather than depositing money in a bank where money in the bank can experience inflation.
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