Take stock or hodl ? - page 7. | Bitcointalksearch.org

LUCKMCFLY

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

This depends a lot on what the trader wants to do, if it is of an investor nature it is best to leave the currency until it gets really high profits, otherwise it is best to extract profits, at least 50% of profits and leave the other 50 % in investment, and the correct way to do it is to place a good stop loss and run it as the price increases, the Stop Loss works as the best lifeline against any sudden market movement because it is the only way to have protection to funds.

pawanjain

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

You can go with option #1 but is it really the peak yet ?
Determining the highs and lows is where many tend to make mistakes and lose their money.
If you are sure of the peak then you can sell and buy back later but if it goes otherwise then you will have to wait until it dips again otherwise you will lose your money.

HODL is the best option if you are unsure whether it is a peak or not. The price might fall but you won't lose your money unless you sell.
If the price increases your profits are increasing anyway. So sell if you are very sure and otherwise just HODL.

stoonright

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Wait and see down price... Down is buy..up is sell . Please be patient to entry price

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

I'd rather go on 1. You can't increase the quantities of your assets by holding. However, there might be a scenario that price will just push more leaving your take-out profits in pending waiting for the dip.

There are lots of scenarios to be considered. I suggest trying both or starting your experiment by doing the number 1 and seeing the result if you can able to catch up with the phase.

Yamifoud

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Quote from: Raflesia on November 14, 2021, 04:24:44 PM

Quote from: Peanutswar on November 14, 2021, 11:37:54 AM

Hodl is just ideal to the people who bought with the dip already and they are just waiting for the right time to pull out their investment that kind of people does not watch to match the market if you have some time and are currently active on the market you can make an investment every time the market dips and pulled it out when you think it's profitable. Base on my experience i go for the option one because i have time to make a reinvestment not only with the coins given.

Well buying when the dip is a long time that must be given this is an opportunity with the long term but we must not be swayed by bad market trends later, in essence we are buying for an ideal investment for a long time not for a short time.
But for me, who always monitors market developments every day, it is a trade that I do when it goes down buy a little up I will sell it, this is a skill that I do with a short time but we continue to make small profits every day.

I do hold sometimes but not in the plan to hold long-term because that seems not profitable anymore as we lose some profit opportunity. This is only applicable for those who have another job and work to do but if you are focused on trading, that certainly wasn't the best option to do.
Buy low and sell high, this can be normal practice to most of us and this is a profitable strategy.
If we closely track the market trend and apply TA, it can be easier for us to make a decision. And it was fast to grow your investment if you are not about to miss every single opportunity to sell at a high price.

Sled

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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 take the 1st option is the most ideal and smart thing to do.
To secure our capital and profit is the best thing to do. Holding is somewhat going to happen when we miss the train while waiting for its comeback. That is why we should have usually checked and monitored price progress in order to be aware of the market situation. A real trader must do this, not unless if you are just an investor.

This is how I manage my trade and it was found very effective but I'm not sure if it works on the others.

Raflesia

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Quote from: Peanutswar on November 14, 2021, 11:37:54 AM

Hodl is just ideal to the people who bought with the dip already and they are just waiting for the right time to pull out their investment that kind of people does not watch to match the market if you have some time and are currently active on the market you can make an investment every time the market dips and pulled it out when you think it's profitable. Base on my experience i go for the option one because i have time to make a reinvestment not only with the coins given.

Well buying when the dip is a long time that must be given this is an opportunity with the long term but we must not be swayed by bad market trends later, in essence we are buying for an ideal investment for a long time not for a short time.
But for me, who always monitors market developments every day, it is a trade that I do when it goes down buy a little up I will sell it, this is a skill that I do with a short time but we continue to make small profits every day.

sana54210

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Quote from: SquallLeonhart on November 14, 2021, 11:46:38 AM

you never need to switch over to any other investment after your bitcoin investments. Just keep holding your bitcoins and if you need money for any important expenses then sell small portion of your bitcoin for that need only.

I am seeing that lots of people are only planning for short term investment with bitcoin and then they will regret about their decision of switching over to some other investment after getting some profits out of bitcoin investments. In my opinion there will be no wrong doing in expecting bitcoin keep on rising and rising because in the last 11 years, bitcoin has been rising and rising and people who are holding alone enjoying all the profits of such a long rising.

Quote from: Fakhrulenclix on November 14, 2021, 03:16:22 PM

Traders should look for market opportunities, if the market is down this is a good opportunity to invest for trading.

In my opinion people may search only within bitcoin investments and not anything into altcoins investments. Keep buying when the market is down must be a good practice at the same time you should not book profits for all your holding and the price reaching considerable high price level.

Fakhrulenclix

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The first option in my opinion is better. Traders should look for market opportunities, if the market is down this is a good opportunity to invest for trading. With this key we must analyze well based on previous market references. If the second option I think we spent too long trading.

SquallLeonhart

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

If you have been watching how bitcoin market is trading for years and you are aware of 4 years cycle of bitcoin markets then you will come to know that the current price level is I am going to be the final ATH of this cycle, it mean it is not right time to book profits for your bitcoin holding. At the same time it is highly recommended not to go for buying altcoins at dips because I have seen that many coins never got pumped after heavy dumping.

So, you never need to switch over to any other investment after your bitcoin investments. Just keep holding your bitcoins and if you need money for any important expenses then sell small portion of your bitcoin for that need only. This way if you are able to manage holding bitcoins for next 10 to 15 years then you never need to work for a regular job; you may plan up for retirement.

Peanutswar

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Hodl is just ideal to the people who bought with the dip already and they are just waiting for the right time to pull out their investment that kind of people does not watch to match the market if you have some time and are currently active on the market you can make an investment every time the market dips and pulled it out when you think it's profitable. Base on my experience i go for the option one because i have time to make a reinvestment not only with the coins given.

Alisha FR

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

Both of these options are equally good, in trading traders who will trade always wait for the market to go down. They aim for market conditions like this to survive. our target is to achieve maximum profit, I think we take that profit and do not need to hold back if the desire has been achieved.

chanler

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both are good if we can manage them well. the second option by holding it until the price goes up means we have to be more patient to wait for it. Hold on to coins that do have a good prospect in the future so that we can get the profit as expected. Personally, here I choose to hold the coins that I have until the price is back on the market. I think it's better and I have to wait until the price goes up again as I want.

galambo

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

First of all congratulations if you are in profit. I strongly suggest if you are getting 30 to 40 % profit then sell your tokens and take profit. Market is fully bullish and will definitely take a dip, you may buy at that time. Hodling the coin when you clearly see the profit is just a greed, avoid that.

el kaka22

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

Depends on your current situation. If you have a bit of money then you could just save the bitcoins you have and not get in too much more, that way you are putting some liquid aside, and bitcoin to another side and waiting.

If you are all in and have no more money left, then maybe getting out 20% right now could be a good idea, if it goes down then you could use that 20% in 4 different price points and get in more and more as it goes down, if it doesn't go down and starts going up then you have 80% that you still hold. So, basically this is not a general advice that could be given to every single person, the situation changes from person to person.

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

If me, i will make it simple. As long the point number 1 is more or maybe same as my capital i will do it. And then hold my profit to expect price keep rising. Then what made it different is only how much profit that i will get at least i already got my capital back. I think that is safer thing to do then holding all my assets because in trading risk will always come, but what we do is how we manage that risk so it is not really harm our assets or ourself.

martina14

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

Well, if you earn more than more than 30-50% if I were you the 50% of your holdings is good to sell it then wait for another
chance to buy once again when the price get down again, this is the cycle of the movement here in the cryptocurrency dude.
And I know in this way there are some of the traders doing the same too.

carrigan

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I think option 2 is a good choice. HODL will actually give you more profit when the price continues to increase. Most importantly, we must also be willing to take risks. Big gains are also obtained from great obstacles as well. If you instead choose option 1 by channeling it to the bank, I think it's the wrong choice because Bitcoin and the bank are opposite, and you will also only get a small profit from the bank compared to HODL whose profits can skyrocket at any time.

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

Most of the time things are not as simple as you are trying to make them, which option is the best will depend entirely on your own skills, do you have what it takes to be a good trader and you can remain calm even in some of the most adverse market conditions and make the right move in those circumstances? In that case then your first option could be the best for you, but if this is not the case then the second option could be best for you as it is widely known that holding bitcoin and some other popular altcoins for the long term is a good option for those that are able to wait for a long time to get their profits.

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Quote from: estheblessed on November 09, 2021, 04:52:07 AM

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

Doing good would be a great idea if you can manage both of it at the same time. Hodl Bitcoin and Ethereum for a long time and do the day or shorter trading with other coins to maximize the profit.
Although you have to prepare first doing those two in terms of capital and research.

Doing stocks would be a great idea instead of cryptocurrency if you prefer safer way to invest, but just be careful that any investment has the risk and you should prepare for the worst consequences.

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