regretting the decision because selling too quickly was not wise. every decision has its risks, right? let's manage mentally well, as long as we don't lose, we should be grateful.
there are still many opportunities, so don't think too much about it.
This is indeed quite complicated, but if you want to learn technical and fundamental market analysis, it will definitely be more useful. we know that cryptocurrency is dynamic, the key to making a profit is our ability to adapt to any changes, for example, currently the market is good enough to do daily or short-term trading.
Topic: What are you doing when you make your way down? (Read 321 times)
If I may sell, I will not sell everything. I firmly believe in the technology so why would I completely leave from it? If I may sell because I have already made a lot of money out of my Bitcoin portfolio, I might just start a business and buy some properties which would appreciate in value over time.
What is exhausting? It is a lot more exhausting keeping fiat that hodling Bitcoin.
We're kind of the same. I wouldn't sell all when I do sell at one point.What is exhausting? It is a lot more exhausting keeping fiat that hodling Bitcoin.
It might be like more than 50% sold, but I wouldn't go 100%.
It's like a complete exit from crypto anyway.
This way we aren't risking ourselves too much on both most undesirable extremes, that are the risks of selling low and buying high. So even if we understand the market fluctuations in a wrong way, our investments will be still safe by using this strategy. The most important thing anyway is to never run out of bitcoins, doesn't matter how expensive the price can be.
I guess I'd do the same thing as before. Park some cash ready in case a good buy signal comes knocking on the front door and invest some on my businesses. Though to be honest it's hard to ascertain whether it's already a good time to sell or not, or if the term has reached its top and is now awaiting the downfall. My coins are still intact and I do not want to forego most of them anytime soon, considering that we are still in the safe side of things and no drastic changes are happening at the moment.
What I think about and what I will do is learn from experience (2017-2018).
Keep some of the assets because we won't know what the price of bitcoin will be. But at least holding assets in the long term is one of taking profit.
Keep some of the assets because we won't know what the price of bitcoin will be. But at least holding assets in the long term is one of taking profit.
Each option has its own advantages and disadvantages, in my opinion it is very difficult to determine which option is best used.
But for me personally I prefer to invest short term to get a little daily profit rather than wait too long because I only have limited capital.
But for me personally I prefer to invest short term to get a little daily profit rather than wait too long because I only have limited capital.
I always like to experiment my way through the trading everyday. I am done with holding just single currency for the long or short terms. Perhaps, I have started to switch the currencies whenever it is needed. For example, if I see that BTC is dropping today and some other coin is rising (even if shitty) then I will sell btc for that coin and book the entry point when that other coin is pumping. But, I will never hold this coin for long, I will just sell it high enough to book my profits and again will switch to bitcoin when it would be gone down by that time.
I would like to know if someone else is doing this or have tried this strategy for longer periods of time and how was your experience on the same.
I would like to know if someone else is doing this or have tried this strategy for longer periods of time and how was your experience on the same.
when the price of the coin that you hold drops, don't panic quickly and sell the coin, it is possible that the price of the coin will rise again in the next few days, patience is needed here, don't be careless, it is important to monitor the progress of the project so that you don't take the wrong conclusion.
Yes, that is easy to say that because many traders or investors can't control their emotion when they see the price of the coin drops. They can sell their coin without thinking that it is just a correction that will always happen in the market. Yes, we need to stay calm and patient if we see the price drops, and I think that will be our best time to buy back the coin while the price is down a lot. When you can be wise to face the market situations, that will give you the benefits because you will know what you need to do. If I may sell, I will not sell everything. I firmly believe in the technology so why would I completely leave from it? If I may sell because I have already made a lot of money out of my Bitcoin portfolio, I might just start a business and buy some properties which would appreciate in value over time.
What is exhausting? It is a lot more exhausting keeping fiat that hodling Bitcoin.
We're kind of the same. I wouldn't sell all when I do sell at one point.What is exhausting? It is a lot more exhausting keeping fiat that hodling Bitcoin.
It might be like more than 50% sold, but I wouldn't go 100%.
It's like a complete exit from crypto anyway.
when the price of the coin that you hold drops, don't panic quickly and sell the coin, it is possible that the price of the coin will rise again in the next few days, patience is needed here, don't be careless, it is important to monitor the progress of the project so that you don't take the wrong conclusion.
What are you likely to do if you sell near the high, maybe in early Q1 2022? Should you buy put options or go short on futures? In a recent interview with Peter McCormack, Willy Woo proposed a high yield arbitrage fund.
I don't want to fumble this. Perhaps trying to time the top is the first bad step, and HODLing on the way down is preferable—it all seems too exhausting.
What are your thoughts?
What if you keep holding all the way down and then you happen to reach your buying price, what’s the need for the Hodl, since you’re now losing completely everything and even extra? It would be better that you sell them when you have gotten profit and then start looking for another opportunity to buy again at a lower price and then start holding it for a long term when the price will increase again.I don't want to fumble this. Perhaps trying to time the top is the first bad step, and HODLing on the way down is preferable—it all seems too exhausting.
What are your thoughts?
I do not think I am ready to hold any coin when it is going down and there is the possibility that it will fall below the price that I bought that coin, I can’t do that kind of thing.
What are you likely to do if you sell near the high, maybe in early Q1 2022? Should you buy put options or go short on futures? In a recent interview with Peter McCormack, Willy Woo proposed a high yield arbitrage fund.
I don't want to fumble this. Perhaps trying to time the top is the first bad step, and HODLing on the way down is preferable—it all seems too exhausting.
What are your thoughts?
I don't want to fumble this. Perhaps trying to time the top is the first bad step, and HODLing on the way down is preferable—it all seems too exhausting.
What are your thoughts?
HODLing Bitcoins is not exhausting.Just don't pay attention to the Bitcoin price and you'll be fine.
I don't want to deal with futures trading or call/put options.If I ever sell BTC during a ATH,I would just wait for a price correction and buy cheap Bitcoins.There's no need for me to use derivatives like futures and options.AFAIK,using financial derivatives comes at a cost.I don't want to pay additional fees.
Nobody knows what will the Bitcoin market look like in Q1 2022.
Can you give a link to this interview?
I am just an ordinary guy involved with some cryptocurrencies and I have to admit that up to now I still have to learn the many technicalities in trading. I am usually guided by my own guts or feelings which is bad in trading. That is why I prefer just hodling - waiting for my coins or tokens to rise up in value. Now, there can be a big dilemma when there can be a pump, and I am tempted to let go but at the back of my mind there is that voice telling me that there can be more pump later. Definitely, determining which is the peak period can be so difficult and nobody is really so good on this aspect.
Holding at a time of the high market price is persuading but more exhausting is holding when the market, is on a downtrend. But again it hangs on the side you are either a holder or trader. It takes a steel hand to hold all the way either uptrend or downtrend.
Yeah! it depends on whether the holder will gonna hold its bitcoins for the long term or for a targeted price. Some people had already withdrawn their bitcoins due to attracting sight on the market and I cannot blame them cause I know myself how does it feel. Holding has some mental challenge especially when the price is crashing every day as we've seen in the past years where it won't change after a few months. If investors already have that kind of experience then long-time holding will never be a problem for them.
What are you likely to do if you sell near the high, maybe in early Q1 2022? Should you buy put options or go short on futures? In a recent interview with Peter McCormack, Willy Woo proposed a high yield arbitrage fund.
If you are capable of having options and futures at the same time to maximize your profits do it. Make sure that you believe in what you are doing and don't blame anyone else but yourself for doing it.I don't want to fumble this. Perhaps trying to time the top is the first bad step, and HODLing on the way down is preferable—it all seems too exhausting.
It would be hard to time the market but there is some great analysis by members here in the forum. Just like the posts here on this topic.
Theres a lot of choices, but since the beginning I am a long term holder. Then if I may reach that Q1 2022 and Im pretty sure I will continue to hold my btc. But then, expert traders may of technically short futures or options, depends which one they think it will go base on their technical analysis. Its hard to just say short or long trade without further relying on their tools.
And that term "near the highest", if a trader knows there will be a huge correction after that new ATH, short entries will of course be done after reaching that.
And that term "near the highest", if a trader knows there will be a huge correction after that new ATH, short entries will of course be done after reaching that.
Is it really possible for one to be able to tell when a market is at its peak or highest high? O seriously doubt that and trying to use that for a strategy would only feel you with measure lost opportunities. When it come sto holding coin and selling at ATH, its best you understand that almost at soke point, the lows were once highs and as such, should you be in the profit zone, there isn't any point waiting on signs of retest or retracement as, even if the point comes, your most likely not to recognise the opportunity as an opportunity. You just have to be in profita that guve you co.fort about what your doing and your good.
Welp, probably disperse some of my earnings in to other forms of asset, to maximize my chances of earning more. The funny thing about pursuit of money is that, it never ends. Once you know how to earn huge racks, you'll never stop abusing that strategy until you die. So while some of you is probably going to treat themselves to a nice new house or a fancy new car, which is definitely right and okay since it's your money by all means, I'll invest some of my earnings back to earn more in the future.
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I am a technical trader, not an emotional trader, I have been trading in Forex and Crypto markets since 2020. My point is that holding is several times more profitable than trading, But over time, this idea is likely to change. At present, the market is opened its door for the short trader, now it is very profitable to trade short unless you know how to trade technically by following trading indicators. If you don't familiar with trading indicators then hodling is the best way for you, if you attempt to do short trade without having proper knowledge then it is sure you will lose the capital.
I don't know much about both options or short on futures. I prefer to trade or hold. The idea may be suitable for some traders, especially if they can use it to do that thing. But hold still good for me because I think that I can still hold for a while until it reaches my target price to sell.
Everything that you do is exhausting, especially if you complain too much. But if you can patient and still do what is necessary and that can give you profit or reach your goals, you will enjoy the process, and in the end, that will provide a nice reward for you.
Everything that you do is exhausting, especially if you complain too much. But if you can patient and still do what is necessary and that can give you profit or reach your goals, you will enjoy the process, and in the end, that will provide a nice reward for you.
would be too risky if we sell near the highest price, because we do not know when the highest price? and at what percentage point of increase? it's a difficult thing to predict. So my advice is to do it periodically when the price is high it will be better than waiting for the price to approach the highest point.
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