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Topic: Why are you selling your altcoins so soon? - page 106. (Read 11444 times)

member
Activity: 322
Merit: 23
February 15, 2018, 12:39:02 AM
Each of us have different reason why we need to sell out our altcoins, maybe because of needed money at that time some says much better to hold trusted coins than altcoins, in fact there's altcoins also good to hold for a long run besides from bitcoin. For me if i have altcoins i must prefer to hold rather than to spend away, if i don't have money maybe that's the time i sell my holding coins but as long as i can hold i do it.
We can't blame other's to sell them their altcoins we don't know their main reason or probably lack of financial at that time.
member
Activity: 350
Merit: 10
February 15, 2018, 12:35:29 AM
I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it's way to early to be selling your altcoins. It's like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

So tell me, why are you selling your altscoins so soon?

I think people has different thoughts, maybe they are selling their alts because the value of bitcoins today is very low and they prefer to switch on btc because it has more potential than other cryptocurrency, anyone can do that as well and i think that it was a good idea since you will really earn a lot of profit when btc rise up again.
jr. member
Activity: 154
Merit: 1
The Next Generation Distributed Smart Network
February 15, 2018, 12:27:02 AM
from where i come there has been multiple news about how banks refuse to partner with crypto exchanges. How would i bring it back? this creates panic hence the selloff
full member
Activity: 392
Merit: 100
ADABsSsSsSsSSSsS
February 15, 2018, 12:16:42 AM
I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it's way to early to be selling your altcoins. It's like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

So tell me, why are you selling your altscoins so soon?

In my own opinion, those traders who sells their coin today are just newbies, most of the new traders are panic selling when their coins melts on the market and that is the reason for them to lose their profit even further. The best thing to do right now is just hold your coin and wait longer till the market goes back to normal.
jr. member
Activity: 48
Merit: 2
February 15, 2018, 12:06:45 AM
Well, It really depends on what tokens are those. ofc you will be selling tokens that you think or they might think that will be just useless or no value. Some altcoins are worth to hold. Some are just worth it to let go.
member
Activity: 448
Merit: 15
TREEBLOCK
February 15, 2018, 12:05:45 AM
I am not selling anything at the moment I did take the opportunity to switch some earned ETH into Bitcoin at $7,000 just so I can lock it away for the future. On the altcoins I have been buying also taking advantage of the huge dip to pick up some bargains. I have recent ICO coins also that I will just sit on for the next few months until the market picks up.
sr. member
Activity: 616
Merit: 252
February 14, 2018, 11:59:39 PM
I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it's way to early to be selling your altcoins. It's like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

So tell me, why are you selling your altscoins so soon?

Each of us has different reasons why we sell our altcoins. There are times when I need to sell mine because I need some money to pay for some expenses but I don't sell them all because I believe that they will be more valuable later on. I don't sell only one coin but maybe two or three coins but I leave some hoping its value in the future would be able to fill the amount that I withdraw. Some people maybe invested some borrowed money and its time for them to pay for it so instead of waiting to have some profits, they just withdraw at a loss to pay for it. This is the reason why you should not invest what you can't afford to lose.
full member
Activity: 798
Merit: 109
https://bmy.guide
February 14, 2018, 11:59:14 PM
I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it's way to early to be selling your altcoins. It's like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

So tell me, why are you selling your altscoins so soon?
Because not all altcoins are having potential to increase more in price, maybe it pumped a little but can't survived.
I will not regret if i have altcoins or token to sell just to trade in bitcoin or even ethereum because these two crypto currencies are having a great potential and most trusted coins ever. All that altcoins are copy cat with bitcoin, if bitcoin price is drop all altcoins are nothing so for me much prefer with bitcoin to hold rather than altcoins. But it's up to you if you going to sell that you think your profit was in there.
full member
Activity: 359
Merit: 101
February 14, 2018, 11:48:49 PM
I thought so at the first time joining the bounty campaign.
Because i need the money and i still didn't know the function of holding the coin.
For now, i prefer to hold because we know all that mny price of the coin are falling.
It happens just when the price fallss. When the price is good. I will choose sell the coin, and just save the money in the wallet.
full member
Activity: 868
Merit: 100
February 14, 2018, 11:29:02 PM
I tag these as a panic sale. People should realize that Crypto is not able making money overnight. "Patience" and "Time" are the two most important thing in Crypto world. If you do not have these, better try your luck with something else.

When weak hands sell, they actually are making someone rich. Yes, I agree that Crypto market is kind of very dynamic and sometimes unpredictable but then from my experience, waiting for things to get stabilize works most of the time.

When it bleeds I buy and when it's gree I see some of it to recover my capital and after that, it's all about profit.
member
Activity: 238
Merit: 10
February 14, 2018, 11:15:00 PM
I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it's way to early to be selling your altcoins. It's like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

So tell me, why are you selling your altscoins so soon?

Emotion control when the market is up and down is somehow difficult. That is the reason I sold many altcoins too early before its reaching a new height. Better to hold and forget it.
member
Activity: 350
Merit: 12
February 14, 2018, 11:07:41 PM
in my own opinion,some were selling their altcoin to buy bitcoin because bitcoin is now low in value while altcoin is high so they are invisting more bitcoin now using their profit from altcoin and perhaps they will wait till the price of bitcoin rise.
member
Activity: 196
Merit: 11
February 14, 2018, 11:00:38 PM
If it's a matter of sharing experiences about why people sell all altcoin quickly it many various reasons/experience that diversity in a natural person, and a lot with other causes that may not be discussed in this topic, but if I just require little capital to open a business.
member
Activity: 182
Merit: 11
February 14, 2018, 10:49:29 PM
people selling thier altcoin to buy bitcoin. this is a nice tactics because, bitcoin is on the process of recovery and if the bitcoin is totally recovered, the altcoin price will be going down. and if you dont sold all your altcoin for this week or next week you cannot get the profit you want.
if i have an altcoin i sell it so soon to buy bitcoin, until the price of bitcoin is on the recovery.
newbie
Activity: 119
Merit: 0
February 14, 2018, 10:47:30 PM
Sometimes, I sold my altcoins after spending few days holding it. To me, altcoin is not a safe investment although some would give you x10 or x20 within a short period of time. I usually set a target for every altcoin I invested in. If that altcoin could give me this return, I will sell it right away without keeping waiting for bigger gain.
member
Activity: 238
Merit: 11
February 14, 2018, 10:36:00 PM
#99
some people selling their altcoins because they already have profits or they will use the profits. Like participating in new ICO or buying new altcoins to get more profits. That's how it works. No need to make some big profits, as long as you have small profits, it will work.

I think this is the reason why people sell their altcoin so soon. Profit which we look for and if we have in profit then we need to sell it soon.
We dont know wheater the price will rise again or maybe lower, so by selling them, we keep our profit in hand.
member
Activity: 224
Merit: 11
February 14, 2018, 06:31:18 PM
#98
some people selling their altcoins because they already have profits or they will use the profits. Like participating in new ICO or buying new altcoins to get more profits. That's how it works. No need to make some big profits, as long as you have small profits, it will work.
member
Activity: 336
Merit: 10
February 14, 2018, 06:26:09 PM
#97
I here and see that a lot of people are selling their altcoins for this reason or for that reason. In some cases I here that people are even spending their altcoins to buy Bitcoin. Now that one really has me confused. To me it's way to early to be selling your altcoins. It's like selling an original painting before it even gains in value or while it is still gaining in value. What smart investor does that unless they are selling out of fear or because they are desperate. For me I am holding all of my coins for now because it is way to early to even think about selling your altcoins; what say you?

So tell me, why are you selling your altcoins so soon?

In my opinion, it is because of the psychological fear of losing all the money invested in altcoins, so people often have the psychology to cut losses soon as the rate of altcoins decreases. In part due to FOMO psychology, uncontrollable emotions led to the decision to sell quickly. I always hold for sure the altcoins rate will increase in the future.
newbie
Activity: 229
Merit: 0
February 14, 2018, 06:19:09 PM
#96
when market conditions are bad like today, then all we have to do is hodl or buy more bitcoin and altcoin, I myself prefer to invest in bitcoin or in ETH, I do not like other altcoin. although many altcoins have good development.

therefore when i get altcoin from trading or from bounty, then i prefer to convert to BTC or ETH.

or sometimes I sell BTC because of the very important needs. so forced to sell even though market conditions are still bad.
member
Activity: 182
Merit: 22
February 14, 2018, 06:00:23 PM
#95
This depends differently from person to person. I sell half when my coin has gone about 2x and then sell the rest at 5x and 10x. If the coin has significant fundamental value, I can hold it even upto 15 or 20x from the price at which I bought it at. But usually i sell max at 10x and move to other coins.
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