Why are you selling your altcoins so soon? - page 107.

creeps

full member

Activity: 742

Merit: 144

Quote from: GeorgeEden on February 14, 2018, 03:40:42 PM

Well most people or the "newbies" to be honest because a professional wont sell hes altcoins in a week or 2 or 3. He would hold it for months and more. So a newbie expects to make profit in a week or 2 or a month and just sell its.wrong move.

Really depend on your trading strategy because even professional trader sold their altcoins for a short period of time although I agree that newbies are more volatile but I think it covers everyone here. Its a matter of who can hold good altcoins in a long period of time specially when in dump market.

HoaNguyen

full member

Activity: 238

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The All-in-One Cryptocurrency Exchange

There are so many reasons why people decided to sell their altcoins but I think the most popular reason is that they're panic seller. Grin

. They're so afraid of the huge dump and try to cut the loss cause they didn't believe that there is any chance for these coin to be able to recover although it has very good potential or high rank coin or token

). But sometime they decided to sell their altcoin just because they have some trouble and really need cash at that time

TIDOVEE

sr. member

Activity: 1246

Merit: 255

Selling it to buy bitcoin? I guess they are trying to invest now that bitcoin is low considering the fact that bitcoin is set to rise.it is a wise decision, I think.

arkaasay

member

Activity: 336

Merit: 10

I agree with you, There is no point investing something and selling it cheaply to buy other items.
but given that "Not all altcoins will survive" this is one of the reasons why they have altcoin so quickly.

GhostOfWar

newbie

Activity: 154

Merit: 0

Many people think only today, they do not think that it's better not to sell alts now and wait for the best moment. Many sell to buy BTC or ETH, or worry that if they do not sell now, then there will not be such an opportunity and the rate will fall. I think the best way is to analyze those alts that are in your crypto portfolio.

KwizatzHaderach

full member

Activity: 196

Merit: 100

Not selling of mine until the market recovers to all-time high levels again. Not really seeing a lot of value panicking.
Blockchains are the future, many industry leaders agreed on this. It is just that nobody knows which ones are going to be on top.
These altcoins/projects would need a lot of time though to be successful.

Janinjo11

full member

Activity: 238

Merit: 100

Janinjo tips

I didn't sell any so far. But one day I will, when I will be satisfied with te profits.

luongdk

full member

Activity: 686

Merit: 102

I think it is the madness to sell all coins that you have earned. The best variant is to diversificate it, some on dollars, some in Bitcoins or Ethereum, and some for better time. Sometimes it shoots. So you must be mad to sell all your coins and even not invest in any main cryptocurrency, if you are so mad - go to bank and make a deposit. May be in a year you will have 3-4% of profit.

GeorgeEden

member

Activity: 126

Merit: 10

Patience and knowledge are gold.

Well most people or the "newbies" to be honest because a professional wont sell hes altcoins in a week or 2 or 3. He would hold it for months and more. So a newbie expects to make profit in a week or 2 or a month and just sell its.wrong move.

poketis22

member

Activity: 406

Merit: 11

Fools sell altcoins and withdraw money into dollars, and smart people buy altcoins, as in spring as it promises gonna be a strong growth in altcoins, so do not rush to draw conclusions about everyone! Not everyone sells, many people buy, and you are well done that you keep them and don’t sell!

qumeijia

jr. member

Activity: 166

Merit: 1

Most of people now are holding their coins and waiting for the good time to selling the coins. And they may feel fear and worry of how long they should waiting for the market raise the price of altcoins. I also holding my tokens and waiting for selling all my tokens. The best advice is do not focus on thinking about the price, do what we can do now and think positive.

crairezx20

legendary

Activity: 1638

Merit: 1046

Quote from: Condoriano on February 13, 2018, 05:55:31 PM

This because of FUDS. Other holders are on panic to minimize their losses not knowing coins will recover soon. This the effect when you jump in when everything is skyrocketing and suddenly drop. This is normal in this industry.

Fud and fake news is a big influence these days why people are panic selling their crypto investment.
Honestly before even here in forum its happening until now they use the social medias and blog news to spread the fake news about crypto and they heard the bad news sooner or later the price slowly decreases and the awesome thing if they heard the good news about altcoin or cryptocurrency expect the price is getting increasing back..
For me this is normal because there are lots of competitors and every each of them are making bad news just to down other crytocurrency.
Its just like in business online and they wanted to get rankup to the first page in search engine (SEO) you should make a move to rank down the other competitors and start making a bad news just to rank down your competitors its just like in cryptocurrency..
So for me its a normal that we are seeing selling altcoin sooner but there are other people are stay strong holding their altcoins..
Also there are day traders which is doing buy now and sell soon but it gonna affect the market they are investing in new coin mostly and sell soon because the price is increasing when other buyers are keep buying..

ccryptopark

jr. member

Activity: 300

Merit: 5

I am definitely not. Perfect time to buy more ITC myself. Rival to IOTA. https://coinmarketcap.com/currencies/iot-chain/

Jobbernowl

member

Activity: 222

Merit: 12

My friend sold all the Cryptocurrency before the New Year and bought a house. Now that the market has fallen, we can conclude that he did the right thing. Now he is bought back the part at low prices. Therefore, even selling is not always a bad thing. When selling at the peak, you can afford to withdraw part of the dollars and buy at a low price, too, the number of tokens.

Cryptohad

newbie

Activity: 229

Merit: 0

yes, when conditions like today, we better hodl and wait for the market price until stabilize again, and that's the solution today. but also some people choose to sell their altcoins because they are worried and afraid the crypto world will end.

so their principle is a little better profit rather than getting nothing
Another reason is also due to necessity.

Condoriano

member

Activity: 162

Merit: 10

This because of FUDS. Other holders are on panic to minimize their losses not knowing coins will recover soon. This the effect when you jump in when everything is skyrocketing and suddenly drop. This is normal in this industry.

yareklamator

member

Activity: 154

Merit: 10

Magic is real

Well, I have not sold much of my investment so far. Some sold, but these were not very promising projects. I sold them, because I needed Ethereum to buy coins on ICO. In my opinion it is better to buy something good than to keep your money in shitty projects. But 80% of my investments remain untouched.

grchina

sr. member

Activity: 476

Merit: 278

Because this gangsta need to get paid Grin

On the more serious note i earn for life from crypto and need to sell some of it to stay a float,also i do a lot of trading and without inside info about certain coin i get more money from trading with that $ then i would get holding it trapped if that coin ever moon

bratbu

member

Activity: 182

Merit: 11

Because i am only securing my profits,as a day trader i need to have an average 10-15% daily average gain so that i will have 300-450% monthly.Ther are few reason why a trader would sell his altcoins,one the bitcoin is starting to dump or pump either of the two would affect altcoins alts it is suggested to get out from altcoins if bitcoin is starting to be unstable so that you wont have any further loss.

Tynovten_

full member

Activity: 420

Merit: 101

you have to realize this, there is a long-terrm period that is temporary, don't make regrets present in the disbelief of your actions, they have many reasons, selling beacause of need or sell because of ignorance. etc.

Topic: Why are you selling your altcoins so soon? - page 107. (Read 11511 times)