Topic: The Best Way to HODL is to actually SELL and BUY again! (Read 75 times)
I think people need to understand that it is not every coin/token that one hold long term, some even most of these tokens are just for speculation and you can use they and flip your profit into another, I have invested into some ICOs and since they were listed on exchange it has been under the ICO price. There for sell and live another day
But the usual frequent trade deals can cause you to miss a lot of gains.
So most of the time, what we need to do is hold.
Because we're not a good trader.
So most of the time, what we need to do is hold.
Because we're not a good trader.
I see a lot of cries for HODL! and I think a lot of people are missing a huge aspect of hodling:
selling and buying
It's been said a thousand times, but basically: sell high buy low.
If you take the time to study market trends, learn about market economics, and keep in touch with developments in the crypto world, you actually can predict when a bull market or a bearish market will happen.
For example now, the market has been extremely stable for the past month and a half and has been gradually increasing for about a week.
We are finally going to see a bull run soon.
Since April and May are typically big months for crypto conferences, then I would say early to mid may is when it will take off, I might be off by a couple weeks.
So all you have to do is crunch the numbers.
Sell when it hits an acceptable profit range, then go right back and buy the exact same coins when the prices go down to your target point.
For example, last december you could have sold btc for around 17 to 19k, then you could have recently bought more for around 7 to 8k.
Now, the btc will surely hit 20k in the next bull run.
Am I over simplifying things? NO!
Well, you have to crunch numbers but it really is a simple trading principal.
selling and buying
It's been said a thousand times, but basically: sell high buy low.
If you take the time to study market trends, learn about market economics, and keep in touch with developments in the crypto world, you actually can predict when a bull market or a bearish market will happen.
For example now, the market has been extremely stable for the past month and a half and has been gradually increasing for about a week.
We are finally going to see a bull run soon.
Since April and May are typically big months for crypto conferences, then I would say early to mid may is when it will take off, I might be off by a couple weeks.
So all you have to do is crunch the numbers.
Sell when it hits an acceptable profit range, then go right back and buy the exact same coins when the prices go down to your target point.
For example, last december you could have sold btc for around 17 to 19k, then you could have recently bought more for around 7 to 8k.
Now, the btc will surely hit 20k in the next bull run.
Am I over simplifying things? NO!
Well, you have to crunch numbers but it really is a simple trading principal.
Personally i will never go there, I once tried what you are suggesting and my portfolio decreased by 25% because of the trade charges and the risks involved.
My HODL means never touching my bags no matter what, i have goals for my portfolio some 5 years other based on the price target.
I’m currently learning how to day trade as its riskier than holding and once i’m good at it - i will dedicate some amount to trade with - an amount i’m comfortable losing.
No, there is no such aspect of hodling, selling high and buying lower is hard you can't simply do it. Hodling is just about buy and hodl not sometimes selling to buy at lower price.
You really have the idea to what you are trying to point out but I think if you are going to tell us to make us believe that this month and the next month crypto will be bullish, and do buy and sell, is not what I really prefer.
This is just my perspective, if your prediction with analysis would come true. Then I suggest to those HODLERS to buy more in the dip and let's wait for another rise (expected 20k) and then sell, actually selling is not a good advice if somebody is promoting to HODL. Trading is a way to make money roll, not the way to promote HODling.
This is just my perspective, if your prediction with analysis would come true. Then I suggest to those HODLERS to buy more in the dip and let's wait for another rise (expected 20k) and then sell, actually selling is not a good advice if somebody is promoting to HODL. Trading is a way to make money roll, not the way to promote HODling.
I see a lot of cries for HODL! and I think a lot of people are missing a huge aspect of hodling:
selling and buying
It's been said a thousand times, but basically: sell high buy low.
If you take the time to study market trends, learn about market economics, and keep in touch with developments in the crypto world, you actually can predict when a bull market or a bearish market will happen.
For example now, the market has been extremely stable for the past month and a half and has been gradually increasing for about a week.
We are finally going to see a bull run soon.
Since April and May are typically big months for crypto conferences, then I would say early to mid may is when it will take off, I might be off by a couple weeks.
So all you have to do is crunch the numbers.
Sell when it hits an acceptable profit range, then go right back and buy the exact same coins when the prices go down to your target point.
For example, last december you could have sold btc for around 17 to 19k, then you could have recently bought more for around 7 to 8k.
Now, the btc will surely hit 20k in the next bull run.
Am I over simplifying things? NO!
Well, you have to crunch numbers but it really is a simple trading principal.
selling and buying
It's been said a thousand times, but basically: sell high buy low.
If you take the time to study market trends, learn about market economics, and keep in touch with developments in the crypto world, you actually can predict when a bull market or a bearish market will happen.
For example now, the market has been extremely stable for the past month and a half and has been gradually increasing for about a week.
We are finally going to see a bull run soon.
Since April and May are typically big months for crypto conferences, then I would say early to mid may is when it will take off, I might be off by a couple weeks.
So all you have to do is crunch the numbers.
Sell when it hits an acceptable profit range, then go right back and buy the exact same coins when the prices go down to your target point.
For example, last december you could have sold btc for around 17 to 19k, then you could have recently bought more for around 7 to 8k.
Now, the btc will surely hit 20k in the next bull run.
Am I over simplifying things? NO!
Well, you have to crunch numbers but it really is a simple trading principal.
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