Buying and selling, this behavior is the main rule of trade. If i can buy a coin with a lower price and have more pieces of coin, it would be a wise move to do it. Of course, when doing these operations i have to predict very well the price of the top or bottom of the coin, otherwise i would do to loss, others win.
Topic: Why are you selling your altcoins so soon? - page 108. (Read 11444 times)
Mostly people have fear and they expect x10 in 1 week, they dont see the result, they think that they have lost their money and so they sell
I'm holding all my altcoins waiting for all the completment of the project and then i'll choose what to do
Now it's the time to buy!
I'm holding all my altcoins waiting for all the completment of the project and then i'll choose what to do
Now it's the time to buy!
I think so too. Many have been in dream world, especially the newbies in the market that their investments could rise up quickly and largely; however, the cryptocurrency market doesn't work like that. I also agree with your idea that, right now, the best plan of action to mitigate or at least evade losses is by holding on to your coins. If you would trade now while the market is not in a good state, you would only get a loss, which is not good, especially for a newbie who is just staring out. That would suck the air out of your mindset about the cryptocurrency market.
It doesnt mean that if i sold my altcoins i am doing it because i have some doubts,it is really depends on the market situation my strategy is to have advance reaction to the market trend,if bitcoin is going to dump surely most of the people will pull out their investments in altcoins that is why most of the people are selling their coins before a dumpage happen on the other hand while bitcoin is going to go bullrun people are pulling out their altcoins two because the price of these alts will surely dump when a bull run happened.
Apart of people who do day trading, I think the ones who sell their altcoins so soon are newcomers. They come full of hopes, expecting to get rich fast and put their money in all kinds of shticoins with nothing else than a catchy name or a shinny whitepaper. Then they panic when experience the first time sudden drop of the price or hear some FUD news. Patience is the key in crypto, my rule is never sell at a loss unless I have a good reason to do it.
Maybe because i know when to have a good entry and exit points? usually im pulling out my altcoins investments when a bitcoin is showing a bullish or bearish trend just to be safe because bitcoin's price is very unstable nowaways because there are two much manipulation from these big players at the market that are forcing bitcoin's price to move whenever they want to get more profits from the small fishes.
If you are a skilled trader and you have time to profitably trade every day then you can do it. If you do not feel the strength for profitable trading, then it is better to Hodl coins for a long time. If only you do not need money to live today.
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?
So tell me, why are you selling your altscoins so soon?
I think a person's perspective depends quite a lot on when they got into crypto. I got in just before ETH began it's surge up from $40, so ETH has always been my favourite, and I sometimes sell alts to buy ETH. Similarly for people who've been here years, they might have bought bitcoin under $100, and so just see alts as tokens to trade in order to accumulate more BTC.
Actually, i am not selling my altcoins. Because I know when BTC will up, all altcoins will up too. This is not the time for sell rather this the actual right time to buy altcoins when the price is poor. But sad but true, I sold EBCH today, because I need money and I think it was not wrong. So, if you need money then you may sell your altcoins and if you don't need money then hold your altcoins. Thi is my formula
People are in fear because of the current market condition and the fear that the prices with low further thats why they are selling their altcoins, but i think this is a mistake they should hold for some time untill the markets recovers.
Altcoin also reach the all country people. So people invest and buy the coin for the future growth. It any time to change the price. So people get more information for future growth and improve the future investment. It good opportunity for improve your business and finance proces.
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?
So tell me, why are you selling your altscoins so soon?
I believe people have different reasons and even me myself i have few reasons why i can decide why it is time to sell. One of them is that it is not always really great coins you get lets say when you are in ICO. It can be priced well in the begin just because a lot of hype around. But with the time the interest can decrease and the price will drop. There are some gems which i can keep for pretty long time, but most of the time i still sell good part of them just to have some freedom to invest again
Panic selling is a part of human psyche and people who do not have the holding power or cannot bear the losses would need to sell. Each has a different vision, a different scope. Also there is still a lack of awareness and education around cryptos, and sometimes people believe media hypes over the confidence they ought to have in a well studied project. I also believe it is a bad idea, but it is also a matter of choice.
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?
It is reallt depends on what your situation is,if you really need some cash or you need to cashout you can pull out your altcoin investments and convert it to bitcoin but if you really dont need to cashout do not pull it out because these altcoins i believed can give you more gains than holding your bitcoins alone. So tell me, why are you selling your altscoins so soon?
I completely agree that selling altcoins early is not getting the maximum profit.
Yes, some coins may fall and I will get less, but some coins can grow several times and this will bring me more bonuses.
I prefer to use this tactic.
Yes, some coins may fall and I will get less, but some coins can grow several times and this will bring me more bonuses.
I prefer to use this tactic.
In my own point of views of why people sell their Altcoins so soon with the following reasons:
There are a lot of reasons why people sell their Crypto Assets too soon but the 3 mentioned above are the ultimate reasons due to needs and circumstances.
- When doing day trading - Trading Crypto is one of the best way to earn high return. Buy low, hold and Sell High is the most effective formula on trading.
- When using Altcoins for very important personal needs - People are earning enough even though the Crypto market is dropping and it's time to get profits in order to fund some important projects or personal family needs.
- Last but not the least, Panic Sellers - They are the people who are concerned on saving their Crypto Assets from Market crash and they're the ones who think that the Crypto Market will be over.
There are a lot of reasons why people sell their Crypto Assets too soon but the 3 mentioned above are the ultimate reasons due to needs and circumstances.
I would like to add: dumping. People sometimes believe that when a coin is released, it’s already at it’s maximum price and it won’t get any higher than that. They dump it once they have the opportunity and after this, the coin dies and the price no longer recovers. Sometimes, coins are created because people want to have profit and the roadmaps are no longer followed after the project is launched.
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?
So tell me, why are you selling your altscoins so soon?
I keep my coins for a long time until they bring me the maximum profit. I think that newcomers can too quickly sell their altcoins during the panic.
Its is not a solution to get good profit from crypto trading. Selling all your altcoins for bitcoins is not that good idea because nowadays altcoins are back again in its rhythm. Just wait for its market to rise then you will have good profit.
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?
It is really depends on the situation because if you are a good trader you should know when you will need to get out from these altcoins,most commonly when bitcoin is getting bearish iam pulling out my altcoin investments and stick with bitcoin,same as when bitcoin has bullish patterns getting out from these alts will save a lot of money because these altcoins are bleeding whenever bitcoin goes up or down. So tell me, why are you selling your altscoins so soon?
I never liked the idea of selling coins so fast because it gives only one thing and that is just the loss! I have experienced it myself too after selling huge quantities of XRP last year. And then after the December month of last year the coins got spiked heavily and it was worst feeling that I ever had. I lost lot of profit margin after that. I know it was just feeling because in reality I had nothing in my hand but what I had was just data where the XRP was spiked and I just made calculations that if had 10K XRP then I would have been rich by now. But anyway, what I concluded from this one is "never sell my coins unless and until they are spiked huge". 
So yeah one up from my side as well for this type of holding and selling at right time and right prices.
So yeah one up from my side as well for this type of holding and selling at right time and right prices.
Mostly people have fear and they expect x10 in 1 week, they dont see the result, they think that they have lost their money and so they sell
I'm holding all my altcoins waiting for all the completment of the project and then i'll choose what to do
Now it's the time to buy!
Altcoin need more times than BTC to grown up! So! Need to hold for long time to get profit!I'm holding all my altcoins waiting for all the completment of the project and then i'll choose what to do
Now it's the time to buy!
I still hold all Atlcoin for next year ( not 2018)
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