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Topic: When thinking forward always think backward (Read 559 times)

member
Activity: 560
Merit: 14
October 03, 2019, 12:21:21 PM
#60
I have been holding a particular coin for years now and I still the coin is doing very badly and the only reason why am still keeping it is that the coin price is worthless.
So it depends on the altcoin you are holding
hero member
Activity: 2996
Merit: 609
Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.
Easy to say but its really hard to combat it along the way since we are fighting our emotions here knowing that it can change out our thinking anytime if we aren't sensible nor aware with the way we do think.

Market had been very bearish for how many years now but at least we are seeing some recovery at least even on small percentage.Come to think that there would always be a price recovery but the main question is on when it would happen.
member
Activity: 616
Merit: 10
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Selling altcoins in losses I think is not good. Because you have no patience. It's just like me that the condition hasn't improved to make my Altcoin also downhill.

But I learned from experience that as investors are better off holding the coin for the long term or when the Altcoin market conditions are pumping. We just decided to sell the coin in profit.

When reading the information on this forum, many people say the Altcoin season will happen. And that could possibly happen at the end of 2019. I personally also predict the same thing.
legendary
Activity: 2240
Merit: 4133
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Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.

Seems your don't get it, each altcoins has it's season. Bitcoin currently is the only coins that can't be replaced by another coins but each Altcoin can always be replaced by another's superior coin (based on rge same idea and technology) which will be developed in the future.  The altcoin that were present 3-5 years ago, most of then are no longer relevant thats the fate of most Altcoins currently in the market.

Altcoins especially tokens should be traded and not consider investing vehicle like how bitcoin and most coins with their own blockchain are been considered as investment vehicle.
member
Activity: 490
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The hardest part that people can't endure in crypto is sustaining for a long time without any thing to linger on, instead of complaining people should find other ways like trading, don't forget that all the coins you dump today to sustain yourself might worth something big tomorrow, don't toy with your future hopes
newbie
Activity: 42
Merit: 0
Investors must have patience but it doesn't mean they have to lose always. Crypto-market is facing big problems but i believe investor should analysis market from trusted site. If you want to invest in altcoin, So for backup you should also invest in btc. Its a best move to protect some of your investment.
hero member
Activity: 700
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actually it's simple, depending on what altcoin you hold. if altcoin that you have currently has no further development my advice you need to sell immediately or replace it with altcoin which is better than that. patience is a normal human attitude. but you also need to think ahead and don't rely on patience or stick with altcoin that is difficult to develop.
No project can tell you exact future infect only can make predictions and assumption about the price.  About crypto price I think everyone should be positive and think widely, as much as you expand your investments you will have chances to see price higher. So before investing in crypto projects I keep in mind about before  and after price changes, even if its high or low.
Any project that predicts a price is a scam coin. If they are trying to predict the price then they should make their coins as a stable coin.
full member
Activity: 938
Merit: 137
You need to maintain tokens that come from legitimate projects, the team and developers are still active in developing further projects. but for tokens generated from a project but do not have a good market development, it is better to sell immediately.
in such market conditions how can we see projects that have good market developments? Such conditions will be difficult because almost all new altcoins are also down and experiencing a decline.
what I often do is mistakes and regrets when selling assets that I have later in the future the assets have experienced a big increase.
Therefore, for now, I also prefer to hold my tokens. We just do not know what will happen in the future with cryptocurrency. If it will generally develop, then a significant part of our tokens should grow at a price. However, I see that those tokens, which in total cost one or two thousand dollars, are now valued at several tens of dollars or have no price at all, because they are not traded. In general, the picture with our tokens is still unhappy.
While we expect a significant increase in the price of altcoins, which are already in decline for the second year.
full member
Activity: 868
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Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.

as your explanation above to be honest, what coin/token are your concerns? because I have same experience like you. expecting coin for raising more than reality is really bad idea. I ever hold a token which is worth $9000. I hold it due this project will launch their mainnet, so I hope the price this is project will rise like crazy. but did you know what happened? they are turning and jumping all the way down, so I lost approx $6000. this really a bad Idea. Holding without learning will make pain. my suggestion is don't be greedy, just put a normal and rational profit. calculate all of your risks before take an action. good luck  Wink
sr. member
Activity: 1050
Merit: 256
since the market was lackluster, I had lost confidence in the new altcoin that began to emerge. Three times participated in the ICO but never made a profit. therefore, when I get altcoin from airdrop, I immediately sell it when the price matches the ICO. because the experience mentioned earlier made me think in the future there is no good saving coins besides BTC, ETH & XLM.
sr. member
Activity: 644
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Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.

Maybe what you meant is, "expect the worse" If you have invested that huge amount, well nothing you can do, if you bought an altcoin then, youre good as dead since its un sure whether it could turn back again. But if you choose good one such as btc, other famous altcoin such as eth, xrp, neo maybe there still chance. But if youre money is into new project then dont expect much. Just say goodbye with youre funds.
member
Activity: 644
Merit: 10
Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.

When the market has experienced a bad thing and it lasts long. I guess the market will definitely be back spinning. So I won't be selling my coins like results from Airdrop, Bounty campaigns and investing. I always hope that the market can return as in 2017.

If it could happen all the coins that now have a low value, I think slowly going back to the pumping. I am currently still following the Bounty campaign and some Airdrop. Because I am sure if continuing to struggle will result in something good.
jr. member
Activity: 1050
Merit: 1
Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.
Patience is virtue in crypto but know what altcoins you will exercise your patience on. Many altcoins are not worth waiting for. It is very easy these days to see through these projects and have a clear vision if there is still prospects in them. That's why I advise, always follow up on altcoins that you put money in and check from time to time if they are alive. Don't just hold for the sake of holding or on ground to patience is virtue. Sell if you smell death in the coin and move on.
hero member
Activity: 966
Merit: 535
No. Be foolish and sell me all your tokens. Dump everything and be impatient.

MY father used to tell me to plan ahead you must plan backwards since there are prerequisites for moving on from one stage of the plan to the other.

Now we have to use a good strategy that is not the same as the previous year which at that time the average price of altcoin was very good so we can make decisions in a moment, but now we must be patient in selling our altcoin because of very bad prices, to get to the advantage we must save our altcoin first to avoid loss cases and now we must be patient until the price of altcoin will return to high.
Storing altcoin for too long in the wallet is also no guarantee that it will be expensive, now it is not willing to save altcoin or not, but in unfavorable market conditions, so we are all required to be more patient in facing the current conditions, because if altcoin the price is good, surely everyone will also sell it.

You right. Some altcoins were never meant to last and have no real reason to exist and thus can be sold at a time when you feel satisfied with the offer but do not wait so long. Kill the pig while it's still fat.
Projects you believe in and have a future you can keep the tokens for or sometimes sell some and keep the rest.
full member
Activity: 826
Merit: 100
Now we have to use a good strategy that is not the same as the previous year which at that time the average price of altcoin was very good so we can make decisions in a moment, but now we must be patient in selling our altcoin because of very bad prices, to get to the advantage we must save our altcoin first to avoid loss cases and now we must be patient until the price of altcoin will return to high.
Storing altcoin for too long in the wallet is also no guarantee that it will be expensive, now it is not willing to save altcoin or not, but in unfavorable market conditions, so we are all required to be more patient in facing the current conditions, because if altcoin the price is good, surely everyone will also sell it.
sr. member
Activity: 1442
Merit: 390
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Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.
Just like you I have a lot of altcoins stored in my wallet and I have no reason to dispose them for now because even they are almost priceless they can turn out into something better if the market goes well. We can't do anything on our alts now so its better to hold them rather than to sell in low price. I have confidence that they are going back to price as they were before or even something great.
full member
Activity: 353
Merit: 108
I think your strategy is pretty good, and this is what I also would do. I try to hold my alts to see when the time is right. Sure you might see your coin going down, and this will make your palms all sweaty but always be patient, as good days will come surely.
sr. member
Activity: 1036
Merit: 250
Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.

For me my work is more important, meaning if a coin with potential worth 2k$ is now price at 15$, Im not stupid enough to sell it just to sustain what are my needs. Be patience cause its not yet end of the world. The 15$ can help but not that great, so I suggest to hold than sell it. It's gonna be a biggest regret of youre life once it happened to pump or worse bigger than what you worked for.
Every people inside this industry have it's own interpretation of the market situations, you need to be an open minded since there's always a risk to carry from each decisions that you will take. Always think and assess both sides of possible outcomes, allowing yourself to go beyond and trace things before concluding will helps you up to make  sure that you are in the right track of your investment.
sr. member
Activity: 1470
Merit: 326
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Holding is the only way for altcoin investors now unless you want to accept your losses and exit but its better to have patience, i have seen coins that worth 1,500$ a year ago and they are now 200$ , i have sold airdrop tokens that should worth 150$ for 10$ to sustain but i am not stupid enough to get rid of all my tokens and coins because market is not in my favour, be wise and remember that those tokens you are getting dispose off can turn something when market start turning for the better, be determined to win,when thinking forward always think backward as well.

For me my work is more important, meaning if a coin with potential worth 2k$ is now price at 15$, Im not stupid enough to sell it just to sustain what are my needs. Be patience cause its not yet end of the world. The 15$ can help but not that great, so I suggest to hold than sell it. It's gonna be a biggest regret of youre life once it happened to pump or worse bigger than what you worked for.
member
Activity: 798
Merit: 38
The market might seem unfavourable when you are calculation the value of your token or coin based on dollar. I would rather prefer to calculate based on the unit of com's to which it is paired, because at the long run, it will be more profitable. This is when the theory of hodl, works.
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