Take stock or hodl ? - page 8. | Bitcointalksearch.org

milewilda

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Quote from: Xampeuu on November 12, 2021, 01:08:50 PM

I think both are good, depending on our first mission whether to hold on to it long term or take advantage of it now. and I think there is one more option, which is to take some of the profit and leave it to hold, so that our psychology will be calmer in dealing with market fluctuations, The most important thing is that this decision comes out of yourself, so that there will be no regrets later

Would really varying on someones decision and just like on what others been sayinf that this is really just depending according on your own goal.If you do tend to take some risk on holding or diversifying on other aspects then it would really be your own choice and since not all would really be not that risk taker in terms of making those choices and instead they would look after on securing profits and wont tend to go further but for those who do really tend
to take risk because they do know that there are some probabilities then its their choice.

jostorres

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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

That is a question you would have to ask yourself. If there are other things that you think you would have to do with the money, then you can withdraw your money and use it to invest in other areas of your life and also be able to achieve more.

But, when you see that there isn’t really anything that you’re going to be doing with the money when you withdraw it, then it may be a good option to continue to leave it in your wallet and keep holding it while the market also keeps growing. Next thing is whether you still see the market growing in future (of course,I mean for the short term because it will grow for sure), If you don’t see it growing, then you can sell.

Xampeuu

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I think both are good, depending on our first mission whether to hold on to it long term or take advantage of it now. and I think there is one more option, which is to take some of the profit and leave it to hold, so that our psychology will be calmer in dealing with market fluctuations, The most important thing is that this decision comes out of yourself, so that there will be no regrets later

Findingnemo

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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

When you mean wise then its necessary to keep taking your profits at the regular intervals and reinvest when the price dips or you can choose to invest on other stable assets apart from cryptocurrency.

Also you can't expect the prices to increase forever so you have to cash out at some point.

sarmrakib

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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 just have sold 505 of my crypto and other 50% are using to trade on various coin which has not really got pump even touch new ATH .That's how i am going through with my portfolio .Its really risky to hold all the fund now at the moment cause all the coin get huge pump and touch their new ATH again and again .So that any time it can get the negative momentum and make you loss before that you can take out your profit .I just have made you a suggestion you think again and make your plan .

AakZaki

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option number 1 can be a good choice if you exit at the right time and then reinvest it and hold it until the price peaks.

That way you will get more profit when you go up and with the more coins you buy.

You just have to wait for the price to peak again if you really have a target to achieve. but don't forget to always leave the FIAT as a backup in case of a sudden crash.

kawetsriyanto

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Quote from: judaspriest on November 11, 2021, 09:36:17 AM

Basically it's like that but when we go directly and practice it is not easy,
however it all depends on market conditions,
we definitely need knowledge and skills to make a profit

That's why how knowledge and experience are very necessary for trading or investing. Although it won't be easy, by having experience and knowledge, we know the signs of the possibility of the market condition in the upcoming days/weeks. We also probably can predict the values of our holding coins. With these considerations, we can decide to sell (taking profits) or hold the coins temporarily.

maydna

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Quote from: Buntel168 on November 11, 2021, 09:21:47 AM

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

Take a profit and part of the profit is used to buy back at a cheap price and hold it until it makes profit again. easy as that

No, that is not as easy as we imagine because we never know when the cheap price will come. Besides that, if you see the low price at the coin, that doesn't mean the price will not go down for more because we see the price can jump to the lowest price many times. That is just one strategy to take profit before the price gets correction and goes down so we can use some profit to buy back.

judaspriest

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Quote from: Buntel168 on November 11, 2021, 09:21:47 AM

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

Take a profit and part of the profit is used to buy back at a cheap price and hold it until it makes profit again. easy as that

Basically it's like that but when we go directly and practice it is not easy,
however it all depends on market conditions,
we definitely need knowledge and skills to make a profit

Buntel168

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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

Take a profit and part of the profit is used to buy back at a cheap price and hold it until it makes profit again. easy as that

iv4n

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Quote from: mindrust on November 11, 2021, 05:00:55 AM

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

Depends.

Do you need something to buy? Is the profits you made, enough for decent stuff? (like a house, a car, whatever) Do you need them? If yes, selling while you are up can do no harm. Also you should consider, if it goes down from here, would you be upset? If yes, then you should sell some because it means you are carrying more than you should.

As you said if he is carrying more than he should then he should sell some! It's a trader's dilemma, to hold a bit more, to sell and wait for a dip... if we would know what is coming we would be millionaires/billionaires already!
So the right answer doesn't exist, we all try to do what we think it's the best for us in the specific moment... and I am sure that all of us made some good hits, the same as we all made a mistake here and there!

Snappycoco

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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

Always take some profits. Don't be greedy as it would go down always. What rise up must go down. But if you invest for long term, then the first option isn't for you. Just hold it up and forget about it. Be back within years according to your timeframe and surely it will have a profit way beyond your expectations. Cz even said "If you can't hold, you won't be rich.".

mindrust

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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

Depends.

Do you need something to buy? Is the profits you made, enough for decent stuff? (like a house, a car, whatever) Do you need them? If yes, selling while you are up can do no harm. Also you should consider, if it goes down from here, would you be upset? If yes, then you should sell some because it means you are carrying more than you should.

livingfree

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Quote from: Hippocrypto on November 11, 2021, 02:57:11 AM

It really depends on the coins your holding but, I guess number 2 for me is more profitable but it is very risky.

2nd choice is good, I agree to you if that's the condition that you're holding good altcoins.

If the coins you hold are the top tier altcoins then it's good to have it on hold and wait until they became more expensive. But do you think that time will come where we're in the middle of unknown if the bear market is about to come or not yet.

Hippocrypto

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It really depends on the coins your holding but, I guess number 2 for me is more profitable but it is very risky. But still, it depends on you if you want to hold your coins or you're contented with what you've gain. It will also depend on your target because it's not us who will decide, it's you, we're just here to help you. If you will reached your profit goal, then take your profit. If you want to reinvest your profit and start over again, then do it

Strongkored

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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

It really depends on your ability to analyze the market and also your target, honestly number 2 for me is much more profitable, but we should bought it from idle money.
Often traders will choose number 1 because it is too rushed to continue to increase their assets because they think to wait at bottom but don't have the patience to wait for it, so buy high thinking the price will go up but it doesn't.
But choice number two will be very risky if it is done on a new coin whose development is not clear.

lienfaye

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This depends on you, do you want to keep holding or you're contented with your current gains? The option 1 is better because its a sure profit already during this bullish season. You can buy back once there's a correction since we dont really know if tomorrow, the price would keep increasing or suddenly plunged because anything is possible to happen.

On the other side, if you're willing to take risk and prepared for the consequences then keep holding especially if these coins are well-established. But its best to take profit at times to enjoy some of your earnings.

josephdd1

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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 your capital allows you, it is a good strategy to divide it into parts and sell some Bitcoin. This way you will lock-in some profit especially if you have 2x and more. But you shouldn't sell off all Bitcoin. Then, when there is a bear market you can buy some bitcoin again and continue holding. But on the other hand, if you haven't got a big profit yet, you had better wait more as in the long term Bitcoin will be much more expensive.

GreatArkansas

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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

There are already a lot of ways to make profits these days, thanks to DeFi.
One of the examples is farming stablecoins especially if you are taking profits or converting some of your cryptocurrencies to stablecoin like USDC or USDT, etc.
And you can start yield farming or provide to liquidity pool to earn some tokens of the platform or liquidity pool tokens.

kawetsriyanto

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It basically depends on your target. If you think your target is achieved, you are better to take profits. Then, you can rebuy again if there is a correction in price. If you already take profits two days ago, now you can rebuy again. You must already check the current market situation, it is a quite big correction. If you want to rebuy crypto coins, it is the right time.
DWYOR Wink

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