Topic: While Hodling, Don't under estimate the importance of selling. - page 2. (Read 237 times)

One thing is clear do not hold altcoin for a long time because they are just pump and dump coins. Memecoins are one of the worst of Altcoins to even hodl once the hype of it getting lunch and passes the only thing left is that the project developers will only be promising a huge pump during bull run while some can come through many die before that time. So whenever you buy any of this shitcoins and you start seeing them dropping do not expect a miraculous recovery again, take your funds off it. This is part of the reason why bitcoin is the only suitable coin worthy to be called an investment because it can be hold for long time

Meme of Shitcoin investors waiting for bitcoin halving and a potential bull run to see maybe there shitcoin will pump

I do think this topic should be moved to altcoin section, that's because it has nothing to do with bitcoin.

Hodling altcoins like you mentioned for long would only yield you a huge loss. These coins has a low of percentage of accumulating profits over a long period of time. Bitcoin on the other hand, will make you profits if you hold. I see people who buy altcoins as gamblers and just testing their luck because they too know very well that most projects will eventually fail and might end up loosing their money.It's essential for investors to not get swayed solely by influencers or short-term gains

tl;dr

- Only hold if you actually believe in the long-term potential of the investment
- Sell if you look at the position as a trade
- Sell if you don't actually believe in the investment or if you changed your mind

I bet to disagree with you on the assumption that crypto is for long term and as far as i know the market does not have the ability to sustain for the long term and so any coin you are choosing as a chioce of investment aside Bitcoin mean you are just gambling with you investment and at that you may lose 100% of you invested amount along the line and also make further attempts that could lead you to more possible loses.


If you buy and hold Bitcoin,  then you are safe from all the market volities but aside from that, we also have to pick a point on what memcoin coin we can speculate on a short-term basis and also a short-term basis which I doubt.

If you don't buy those projects you won't be bothered about what's happening to their price, memecoin are a complete waste of time. Just know that whenever you buy those memecoin you're taking a high risk that usually ends with you losing your money. Those projects are a complete gamble so unless you're not gambling don't buy them and think you're making investment. Memecoin are tools for pumping and dumping by whales and since you're a small investor (when comparing the amount of capital they're using to buy) you'll always end up at the end of the food chain as they use you to exit liquidity. Altcoins aren't meant to be held, you can trade some high market valued ones but do note, you're taking a risk doing so and only Invest in Bitcoin for hodling, if you're holding you won't be bothered about selling or taking profits. Hodling altcoins doesn't guarantee you'll make profit on the future as Bitcoin recovers, only Hodling Bitcoin does.


While speaking about diversifying your portfolio, investing in altcoins isn't diversifying your portfolio as you're still investing in a market that has correlation. When Bitcoin increase in value or decreases it affects all other cryptocurency. They are rely on Bitcoin so you're not diversifying but throwaway your money as those projects might never recover when they get dump as Bitcoin experience a correction. Diversify outside of cryptocurrency ny Investing into other assets, that's proper risk management. You can also sell some of your Bitcoin to hold cash that can be reinvest when the market experiment a correction or use for other investment.

It can be said that most cryptocurrencies (altcoins, memecoins) are indeed of very low quality. Because there have been many examples of investors who have experienced losses due to buying these altcoins or memecoins. So the opinion you explain is very correct. Because although altcoins or memecoins sometimes have very drastic price movements (pumps). However, the comparison with memecoins of poor quality can be likened to between 1 in 100, or maybe even 1 in 1000. Because as far as I know, altcoins/memecoins whose price movements are very good (pumping) are very rare.

Apart from that, in my personal opinion, crypto assets that are worthy of long-term investment are those with a rating of 15 or below. Because at least the projects he works on are usually very clear and good. And for crypto influencers, they should not be completely trusted. Because they only get paid to advertise. So the point is, don't forget to always carry out independent analysis to avoid fraud or loss.

The advice is usually to keep bitcoins, not really altcoins. In this forum for example, it is always talked about how unreliable altcoins are and why you should keep mostly bitcoins for long term reasons. If you must invest in an altcoin, take profit as soon as you can and move profit to purchase of more bitcoins for keeping instead of planning to keep keeping the altcoins you have. If you can channel the discipline you have for keeping altcoins and waiting for profit to keeping bitcoins, you will get more satisfaction in a longer run.

Crypto is a long time investment as per say but as a volatile asset, one needs to know when to sell while holding as not to be a shitcoin dump bag. It is good one sells their shitcoin to take profit as these shitcoin mostly have no utility value and at such it is always a target to dump on holders and this is mostly done by the developers when they see that the liquidity is high and would want to rug pull. At this point one needs to be very observant to sell when the price and liquidity is getting high and invest in Bitcoin because Bitcoin is a long time investment with a guarantee of return on investment while holding for a long time.

Only Bitcoin have that guarantee of been hold for long term, other coins too can be hold but the risk is very high.

These cases are mostly for altcoins.
Some projects do have hype from the community, and as a result, some investors will buy the coin and sell it at the right time or when they feel it is the right time to sell, and once the major investors have sold off their coin and taken their profit, the project will go down, and people that are still holding may end up selling it at a loss.

This is the effect of not doing your own research about a project before investing and due to hype, and this is only applicable to centralized projects. That is why, if you want the rest of your mind in cryptocurrency, invest in Bitcoin and rest.

By buying meme coins, meme tokens, they are speculators, not investors.
By holding those meme coins, they are gambling that they will get profit and ignore advise, warning that they will lose money with meme coins.

Because they basically are greed, if they sell those memecoins, I believe they will come back with money and buy other meme coins or other shitcoins. Eventually they will not be able to protect their earned profit or even fail to protect their initial capital.

Most people see social media influencers as God, which is not good at all; they don't even do their own research because their role models talk about it; they believe it's entirely real; and they see it as something that is 100% profitable.
 
One thing most people also fail's to understand is that after an altcoin does something 5–10 times or more when they are newly launched, it is not really a good idea to go buy such coins because the coin, if they don't have a good use case, can just fall back to the floor (price correction), as most times the price of the token is not based on the use case but it's as a result of how the coin is being promoted, and when they don't get much of a promotion, they fall down to the floor, and the price will just be struggling to survive, and you that buy that time will have to bear the consequences of the loss.

With altcoins, there is nothing wrong with your advise because that is what most of the people who create these numerous altcoins do... they dump their altcoins, convert the money to stablecoins or Bitcoin and leave their investors with the bag of shitcoins. So anyone investing in altcoins should know that the main aim will be to sell as quickly as possible to avoid holding the bag of shitcoins.

However, while I advice people to sell their altcoins as quickly as possible, I encourage people to hold Bitcoin for long because that is how to make better profit.

We all know that Crypto is a long term investment but not all. Many people buy memecoins and some other coins with no use case to make money but they listen to influencers and keep holding after making huge profit to later end up at loss. Always remember that these Altcoins cannot continue to go up forever. Selling at profit will surely make you buy more at low price if you believe in the project.
Also, selling is important in most cases because its same as taking profit which is risk management, brings peace of mind and lock you in gains..
Selling at the right time also allow you to diversify your portfolio.
Note : This isn't a financial advice but my own strong opinion according to my experience.