Topic: While Hodling, Don't under estimate the importance of selling. (Read 317 times)

Our drive for larger earnings is always at odds with the reasonable decision to safeguard gains. Meme currencies are especially vulnerable to extreme volatility and market swings, making it critical to understand the inherent dangers. Profiting, even if only a percentage of the gains, is a wise technique for mitigating future losses and capitalizing on rising trends. Overcoming the desire for maximal returns involves discipline, yet mastering this discipline allows us to sell at advantageous times and purchase again when prices are more favorable, eventually increasing our total investing outcomes.

Or you can instead say : > " when investing " . It's true because what are we going to sell if we didn't start with buying first? Selling is only easy but getting started about what investment asset is great is still tricky. Another thing is going for a better value because we don't have an idea if the price can still dump more or not. You mentioned the word " Candle " there.

I think that is more in trading already but that was true. Even though a small increase can matter a lot already for them. But for the investors, a small increase in the price can still be a good entry and better than being too much late, as long as we are selling it at a much higher price.

It is not recommended to hodl any altcoin for a long period, even if it has a use case. Sell them for a profit as opposed to believing in your wildest dreams that keeping them for a long time will make you rich. You may experience heartbreak if your imagination is not realized. Less expectations are better when investing in altcoins. 

With regard to that, only bitcoin has demonstrated that it is a crypto asset that one can own without worrying about being scammed or losing money over the long term.

This is absolutely correct for meme coins. The main counterparts or top 10-15 altcoins and of course bitcoin are the contestants for long term investment. Other than that, we must set some risk to reward ration to get early out with not too much gain but at least a handsome gain. I have so many altcoins that had two years ago value of more than $500 but today that are worth $5-$20. Not sure how much I need to wait to get the principle back.

Only there is no guarantee that when the price reaches high again, he will sell his coins. It could happen again. And when the price drops again, he will say again that it was necessary to sell coins while the price was high. It's just unknown whether the price will rise again to ATH.

Yes, actually that is something that must be done, but sometimes our nature sometimes wants to get higher profits, making us hold the coins longer. The problem is, if it's a good coin, it's not a problem, but if it's a meme coin, then we need to realize that there are quite a lot of risks that can occur. So, taking profits while we still get them is something that must be done, even if it's only 50%. However, we are fighting against our greedy nature, so when we win over it, we may actually be able to take advantage of the situation to sell high without hesitation, and buy back when the price is low.

Exactly, I have same believe as yours. It seems you are advising from experience. This happens to many of us and maybe when the opportunity comes again, we would do the right thing.

I am following this every market cycle.

1. Hold the bitcoins
2. Take the profits from altcoins
3. You can DCA the selling position.

Even on Layer 1 or L2  coins in the market on which its not really that bad on having consideration on setting out some Selling price point on which on the time that it would be reaching out that threshold then it wont really be that a bad idea on selling it out and not really that something that do talks about long term holding and waiting before you could see the profits that you are longing for too long.
Meme coins are really that not recommended to be holded which most of them are just simply pump and dump thing on which they would really be having that one time pump then eventually dies in the end on which the cycle does continue and people never ever learn to those who had lost their investment.

If you are really that going for much less risks then better stick with those top ranking coins in the market but i do understand on why there are certain investors who do really love on dealing
with risky coins is just that because they do really want to make those huge multipliers or gains via with those low cap coins which is mostly on meme or shit coins
and this is why even up to this moment there's still that much involvement into it.

Yeah, it's human nature and that's why the majority are greedy. But as per experience, many will realize that it has no place in this market because you'll either be greedy and lose everything or be content and then take the profit. You're right that when someone loses money, that gives him a valuable lesson and gives him the thought that he shouldn't be like that because this is a quick market and when you're too slow, especially in the altcoins, you're just about to lose that moment of yours to take profits. And when you miss that opportunity, it will take time again and you'll be spending a lot of time watching your coin to prosper again because you've just wasted that time when that coin was on its high.

So what would be a great time to make a decision to take profits? I see many people will lose their reason in the bullish phase, maybe not all but in each different phase in the market, optimism and doubt are always mixed together before the news comes out presently.

If from the very beginning, people build a specific strategy as well as the level of profit or risk for their investment, they will know when to take profits or cut losses on that investment. At this stage, we still need to observe more of bitcoin's trend to have a broader view of starting a certain category. Personally, I speculate that altcoins in the near future will have big fluctuations because of the Bitcoin's movements impact it. Therefore, it is recommended to improve your knowledge as well as set up a reasonable DCA process for yourself to be able to keep a long-term investment in a comfortable state.

Humans are greedy, and I believe that you need to lose some money to understand the value of the money you made in investing, or that you need to witness one of the Bitcoin price cycles where the price rises like crazy, which makes you think why I did not sell at the right time and be prepared when the opportunity comes again after four years.


The best strategy here is to buy at a low price. It is the only method that allows you to sell at any price range while making a good profit.
You can try to use technical analysis as a method to confirm the appropriate selling price, but the best way to achieve profit is the purchase date.

Sure, but no one knows when the right time is. Is it +200% when after selling it could rise %30000? Or is it -30% after it could drop -100%.
Hindsight is not an investing advice and no one knows where the price is going. We might see signs that give us glimpses of future it but those are not 100% trustworthy.

My tactic, when the price is growing. Is to slowly sell and not looking back. Especially after i sell everything. We can't time the top and sometimes i set myself targets when to sell. Sometimes those targets never come, but that's life and you just have to look forward for the next win or failure.

And you don't have to learn from every failure, because you'll definitely will fail some of the time, even if you are doing everything correctly, that's just part of the game and it comes with the probability to find the coin that goes to moon.

Probably, you'll be trap if you keep on holding and this is why it is advisable to always have your target price and your cut loss price.
Don't ever be greedy when holding, if you see an opportunity to take profit, grab it because you might lose that chance again and the price might start to drop again.
Many long term player are selling their holdings when they are satisfied with the profit, and they always play by the rule and not with their emotion.

It's because they're greedy and they don't want to recognize that moment that they've already made money from holding those meme coins and other coins that don't really have a use case at all. Instead, they have to secure that profit, they're incurring losses instead and it's a mistake that they'll eventually learn a big lesson. But by the time that they have learned the lesson, it's gonna make them go back to that coin, it's not what they're expecting because the move of that coin's market won't be the same anymore. And that's gonna be an entire loss to them so that's two lessons for them to be learned. Not every coin that had pumped will come back to its former ATH.

The goal is to sell in profit and that's why it should be prioritized by many. But the problem starts with being greedy there are these what-if moments to each and every one of us that stop us from selling in good profits. Those what if times that, what if it keeps going high and what not but then, you see that there's no sense in holding anymore because you're just losing it and you've just missed the entire run because of your greediness. And when you're not aligned anymore with the goal that you have set, you need to remember that you've been there in the first place to make money instead of holding forever.

Generally speaking there is only rule that holds true for all altcoins and it goes like this: If you bag hold long enough, you will be made a community member.
Those who get it, get it. If not, good luck.

OP I do agree with the perspective to are talking about, but I think most of the people here are the long-term accumulators except for those who are entering new, so for that particular category I don't think selling really matters because in their case the longer run accumulation not the profit booking on the time, even they can adjust their average accumulation by selling and a point and than re-entering the market on lower price, mostly they prefer safe play with DCA.

I'm a person who prefers the strategy adoption according to the market sentiments, I do believe in DCA but I consider myself multi strategies, accumulator a constant accumulation + extra accoridn to the market moves. Taking risks rewards more that's a fact. Adopting the hybrid strategies opens a wider range to play on the field but being specific limits the risk and rewards as well, The DCA is good for the newbies for those who have tasted flavors of the market before their own strategy will work more effectively.


It will spice up things if you consider the Bitcoin valuation scale rather than the shity fiat money with terrible inflation + unlimited supply and so on...

People always say they are "HODLers" until they lose 50% net worth over night.

When you buy altcoins, the most important thing is when to buy and not when to sell. Always try to buy at the bottom and not at the candle or the green candle. If the candle is red and the price stabilizes and you search for the project and find that it is worth investing in, then it is the right moment to buy, and when the price returns to normal, sell. Get your capital back and continue doing so for long periods until you achieve reasonable profits. If the price rises insanely, sell all at once.
this is difference from bitcoin when you can make profits at buying or selling

Most of the memecoin project are so risky which you can't predict if it is good for investing, lot of people have lose  so much money all in the name of investing meme coin and this investment is something that was done with good amount of money. For me I think memecoin project should be something people don't need to take very serious by investing with good amount of money.

To be in a safer side the best thing to do is to invest bitcoin  which is not risky like meme project that anything can happen and the investment will die off. For the peace of mind bitcoin is the best to consider for investment.