Wait for higher profit or sell and buyback?

Eadefemi

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Quote from: luckycoinn on May 29, 2018, 08:16:34 PM

I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.

What do you think? And what do you prefer, buyback or hold?

While you're waiting for a higher profit (say 40 - 50%), another investor has made 5-9% maybe up to 6 times... He now has more holdings to enjoy the higher profit when it eventually happens

Wisdom is profitable to direct boss

vasrasus

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Quote from: Netnox on September 22, 2018, 02:14:40 AM

Selling your coins and then buying them back at lower rates is always a very risky idea. I am saying this, because I have tried this (not with BTC, but with some of the alts) in the past and I ended up with significant losses.

It's good to plan to buyback but sometimes it doesnt happen sice the price continues to arise or we just missed the time it pump this strategy is risky and needs effort to watch the market all day long in able to do the buyback.

Netnox

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Selling your coins and then buying them back at lower rates is always a very risky idea. I am saying this, because I have tried this (not with BTC, but with some of the alts) in the past and I ended up with significant losses.

Aivaryamal

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I prefer to fix the profit with the growth rate of 30-50% and buy the same cryptocurrency at a lower price or take a new one

marcelocoin

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hi =D

this is trading, where you buy and sell, but always with a analysis of the project and graph, you stipulates a fund and a top, so to buy and sell in its percentage and leave in the profit of those purchases and sales

leavolnhals

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Quote from: luckycoinn on May 29, 2018, 08:16:34 PM

I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.

What do you think? And what do you prefer, buyback or hold?

I think that waiting for higher profits will be more interesting and profitable. Besides, the fees are always changing and the buy or sell orders can affect your investment capital a lot. So I appreciate the longer term investment.

kokobaba880

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Waiting for the high profits is better than buy back because now you have the actual amount and if you have not need of cash then it is good to use for transaction and while selling now can cause you fee for trading while converting it into other crypto is also charge fee for it.

ropyu1978

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Quote from: luckycoinn on May 29, 2018, 08:16:34 PM

I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.

What do you think? And what do you prefer, buyback or hold?

yes, short trading can make you get a small profit but continue to be sustainable. You must use techniques and strategies for that, therefore experience is the most important thing in the current situation. the market pattern from month to month has the same pattern. therefore you can do trading.

letsfly

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Wait for higher profit and sell or add more bitcoin if you have extra cash. The price is still cheap and it is a good time to buy.

lienfaye

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Its important to have plan and goal before you invest your money in cryptocurrency, the strategy that you should use depends on your knowledge about the coins you hold.

If you are aware how to do technical analysis in a particular coin then selling and buying back might work for you but its risky compared to holding for long period wherein all you have to do is to wait and have patience until the price increase.

Nasty23

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Quote from: luckycoinn on May 29, 2018, 08:16:34 PM

I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.

What do you think? And what do you prefer, buyback or hold?

I think buyback and holding are both good in trading cryptocurrency but in different ways because we should use buyback only if we have a good strategy that can help us to minimize the losses and in the time if we want to hold it make sure that we conduct a proper research about the coin that we are going to invest and hold because it can help us to longer our patience and to trust that our expected target price are reached and gave us a huge profit in the future.

SanSanTar

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To me, i will choose hold because i think now is not a good time to buyback or sell. Just holding your coin.

Gwapoman

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Quote from: luckycoinn on May 29, 2018, 08:16:34 PM

I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.

What do you think? And what do you prefer, buyback or hold?

i prefer doing buybacks,my goal as a cryptotrader is to increase my coins/tokens.for example i have 1 btc and im planning to exit the market when btc reaches $10k,if i would just "HOLD",my 1 btc would always be 1 btc but if i try to do selling and buybacks there is a possibility i can make 2 btc before btc prices reaches $10k..there's also possibilities that my 1 btc could go 0.7 or less btc so risk is always involved..the results will depend on how you will handle your trades and buybacks.

Toukexx99

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I think HOLD is better until the desired price is reached and get profit. instead of hurrying to quickly sell because you see the prices starting to down better to hold on first.
Other suggestions from me are that you often see Market so that it won't be left behind when prices start rising, don't be like me checking Market every one or two days so I hold back more often than sell and I'm more likely to losses because it's too late to sell it.

Rrtt

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Quote from: krauzzer02 on September 21, 2018, 01:12:05 PM

Buy the bottom of the price no need to wait for the bounce

Is there a queue if it already reaches the bottom of the dip? I am observing the trend of the tokens/coins i followed and try to catch it at the bottom but just very hard to do. I just got burned from this pump and dump scenario.

FlamingFingers

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Quote from: luckycoinn on May 29, 2018, 08:16:34 PM

I recently have problem with buyback. Before, I think aiming for higher profit is the best, but when I don't sell it, the price is bouncing and it go down again. So I think another way to gain profit by buying back when the price bouncing.

What do you think? And what do you prefer, buyback or hold?

I might be wrong, but with this kind of mentality, I think you are gambling not trading. In order to know when to buy/sell, you need Technical Analysis on your side; most importantly 'charts reading.' If you are going by "Price is bouncing after a dump, so I will buy when it dumps again, and then sell when price bounce again" mentality, you will burn your money in no time.

And for God's sake, if you are trading (and don't have any plan for long–term), DO NOT hold—it is a bad idea as your emotions will kick harder than it normally does, and you will make stupid decisions. Also, use stop–loss orders; they can save your life—don't delay cutting your losses.

akram143

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Quote from: Rohtox on September 21, 2018, 02:25:17 PM

for that I think you need to learn technical analysis candle because to know the price bounces and a good time to buy back is to know the movement of the candle. there are many forums where you can study one of them on YouTube many tutorial videos there

I think it depends upon the situation that you are in if you want some money at that time then you can definitely send and get the profit after that you can definitely buy sum investment this is the best idea for my opinion.

Rohtox

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for that I think you need to learn technical analysis candle because to know the price bounces and a good time to buy back is to know the movement of the candle. there are many forums where you can study one of them on YouTube many tutorial videos there

usekevin

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Hold your bitcoin till the price of bitcoin had reached some good raise.But if you hold it after the maximum raise means, you may lose some profit . Because after the maximum raise, the price of bitcoin will start to reduce .The reason behind this is people will sell their long term holding.As we know ,the demand is reduced. The price of bitcoin will reduce.

krauzzer02

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Buy the bottom of the price no need to wait for the bounce as you may get too much fomo from it, holding is another good option but that is profitable and proven from bitcoin and the top 10 alts but make it sure you are buying the right one that possesses the potential to increase in due time given by the market condition and the development of their crypto or platform.

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