I also often get stuck in this position and feel very disappointed
but I've learned to try to take a little profit or sell a little when the price starts to go up
because we don't know the future of the changes
but securing a small amount of funds during a short hike is a wise choice .
Topic: Why hesitate ???? (Read 1165 times)
It's better to hold and take profits too so you won't end up losing out, holding coins brings losses and profits but if you can take risks who know? Here is what I suggest, have a target, once your target is reached just take your Profit, we all know that crypto has high volatility so price will dump again, when that happens just buy back
You invested in a ICO or IEO project at 1$ per token or coin and the price surge up to 3$ but because you see potential in the project you decide to hold and after few months the price goes down to 0.45$ and after four years and the token surge back to 3$, my question is why the wait? You hold a coin for years just to go back to it's ATH (All Time High) ? And most times majority of coins don't go back to their ATH ever again, what could you learn from this? Never ever hesitate to take profits, even if the project is the best ever, take profits, invest again when price is down because believe me, the price will surely go down
if humans are programmed to see the future won't we all be rich?
if humans are programmed to see the future won't we all be rich?
Lol! i am a victim of this and i have promise myself several times not to be bag holder but still find myself holding because of this believe of seeing potential, am serious thinking of changing my style of approach because at the end it will still arrive at the same point, holding and watching it to dump and recover back to same ATH is like a vicious circle, you would have earn more if sell in the initial pump and buy back if you think the project is worth holding, there is much sense in what you say though.
Humans are generally greedy but not everyone, when they get a profit of $ 3 they still hope to get $ 10, there is no word satisfied but what is gained, not at all, because greed ultimately gets nothing. So take advantage of opportunities when you make a profit,
I agree with you, because when you invest in a project and you wait when token from this project will start growing, you need to immediately sell either some part of your tokens or you can sell all your tokens because after some time the price of this token possible will reach zero, but there are times when you need to wait a long time to get a profit too.
I think we have all done this one time or the other because seems all humans are greedy that way but the truth is some learn and some keep having the habit of repeating the same mistakes over and over again.. i think once a project hits its all time high its always advisable to sell of at that point because you dont know when the price would start dipping low and might be to late for u to sell then
When people see a coin that they really feel in love with they do not hold it because they want bigger profits, maybe that is one part of it because you can't just hold something forever, if you keep your own dollars forever without ever spending it, technically speaking it would become just a piece of paper and nothing more, literally just get 100 bucks paper money banknote and put it somewhere and until you spend it, that is just a piece of paper, same idea with tokens as well, until you cash out it worths nothing.
However there are people who like to get involved and who like to participate in telegram, twitter, bitcointalk, discord chats and more and basically be an outside member of the project team by their support from how much they love it. Those people hold some of their tokens to back their love.
However there are people who like to get involved and who like to participate in telegram, twitter, bitcointalk, discord chats and more and basically be an outside member of the project team by their support from how much they love it. Those people hold some of their tokens to back their love.
Many people make the same mistake, always hesitant to take profit. Because most people always want big profits, so always delay
selling coins when already profit. Many people think the coins will go up according to the predictions made. Even though the crypto
market is very difficult to predict, so don't hesitate to take profit, even if the profit generated is below our target. Because we can buy
more coins when the price is cheap and sell them when the price goes up, do this over and over again, the total profit generated can
be large.
selling coins when already profit. Many people think the coins will go up according to the predictions made. Even though the crypto
market is very difficult to predict, so don't hesitate to take profit, even if the profit generated is below our target. Because we can buy
more coins when the price is cheap and sell them when the price goes up, do this over and over again, the total profit generated can
be large.
For smaller coins or new listed ones, it is good to keep on booking profits if you have larger quantity then at regular price rise, keep selling some qty. If holding something like btc or top altcoins then holding will make sense because in longer run they can give us manifold rise and if not in urgency of money than just buy for long term such coins and hold it. Everyone may have different startegy around it and till the time its beneficial to you keep using it.
I think OP is right, every good projects that get listed on binance exchange are now at lower price compared to when trading starts on binance, imagine if you'd sold your coins then and still buy back now? It's indeed better to always take advantage of any token or coin that surge because that could be it's ATH for many years to come.
That's a very wise decision, sometimes the only opportunity these coins give is only at the beginning as the moment it's listed in big exchange, the hype is big and because of the hype it will pump to make the price overvalued then correction happens and that price will be stagnant for a longer months. Only those who really experience it can understand, the hype is real in this market, so we should know that.
I think OP is right, every good projects that get listed on binance exchange are now at lower price compared to when trading starts on binance, imagine if you'd sold your coins then and still buy back now? It's indeed better to always take advantage of any token or coin that surge because that could be it's ATH for many years to come.
It's not a must to dump all coins and tokens that comes your way, if you can do this you will be on safer side
1. Always hold high quality tokens and coins
2. If it's not listed on top exchanges it's probably a crap project
3. Watch out for how hardworking the team are, make sure they are professionals and capable to face any difficulty as the project progress
1. Always hold high quality tokens and coins
2. If it's not listed on top exchanges it's probably a crap project
3. Watch out for how hardworking the team are, make sure they are professionals and capable to face any difficulty as the project progress
You invested in a ICO or IEO project at 1$ per token or coin and the price surge up to 3$ but because you see potential in the project you decide to hold and after few months the price goes down to 0.45$ and after four years and the token surge back to 3$, my question is why the wait? You hold a coin for years just to go back to it's ATH (All Time High) ? And most times majority of coins don't go back to their ATH ever again, what could you learn from this? Never ever hesitate to take profits, even if the project is the best ever, take profits, invest again when price is down because believe me, the price will surely go down
if humans are programmed to see the future won't we all be rich?
This is exactly the message that I want to see appear more to this community, people invest in FOMO style so very little knowledge about the project they invest in, and only until you lose money many times. on mistakes made in the investment process. I see when the market has hidden signs of going up, then people are waiting for a seasion in the wave of other coins to come back to ATH. Stop thinking about it and work forward useful things.if humans are programmed to see the future won't we all be rich?
I know people are fed up holding coins for long time and I don't blame you guys, since 2017 every altcoins never go back to their all time high again, this is not encouraging at all, but still be prepared, maybe the that day we've been waiting for is already around the corner? Hold what you can and take profits too, just be prepared for both sides.
You invested in a ICO or IEO project at 1$ per token or coin and the price surge up to 3$ but because you see potential in the project you decide to hold and after few months the price goes down to 0.45$ and after four years and the token surge back to 3$, my question is why the wait? You hold a coin for years just to go back to it's ATH (All Time High) ? And most times majority of coins don't go back to their ATH ever again, what could you learn from this? Never ever hesitate to take profits, even if the project is the best ever, take profits, invest again when price is down because believe me, the price will surely go down
if humans are programmed to see the future won't we all be rich?
Well, it happens that way. It's called FOMO (yeah, I know FOMO is more pronounced with investors who are yet to buy). Even when one had already bought in, one will still have that thought that there could be a sudden reawakening for the token and that fear of selling cheap and missing the cruise sets in. During the early days of Binance I held BNB token awhile while it dragged at less than a dollar. Immediately it got to $3, I sold off only for it to skyrocket to $30 within a few weeks. I still feel bad about that decision of mine till date and I believe that's what a lot of investors are scared of.if humans are programmed to see the future won't we all be rich?
On a lighter note: If humans were programmed to see the future, that would make us God. And that would be rivalry with the supreme being. God doesn't like rivalry 🤔.
Hey mate, you are right we must take profit when coin price is good, we should not hold our coin long time. We always think when coin price go all time high price than we sell our voin, that is very wrong idea, so when coin price go high we must sell our coin and take a profit.
You can keep taking profits but make sure you keep few special coins for the future, you won't regret this I'm so sure of it, look at BNB, ChainLink, etc they are once very cheap not too long ago, people who adopted these coins are now multi millionaires, be wise
I don't buy the idea of dumping every tokens or coins you have, you could end up regretting some day, remember that Bitcoin was once 10$ or 100$, those who don't hesitate to sell off are definitely regretting right now, don't end up like this people
You invested in a ICO or IEO project at 1$ per token or coin and the price surge up to 3$ but because you see potential in the project you decide to hold and after few months the price goes down to 0.45$ and after four years and the token surge back to 3$, my question is why the wait? You hold a coin for years just to go back to it's ATH (All Time High) ? And most times majority of coins don't go back to their ATH ever again, what could you learn from this? Never ever hesitate to take profits, even if the project is the best ever, take profits, invest again when price is down because believe me, the price will surely go down
if humans are programmed to see the future won't we all be rich?
It's good to be a long term holder if you do it the right way, make sure you have other sources of income, make sure you are actively following the projects you holding, make sure they are very very active, what many used to do is lock the tokens or coins up and go away, when they come back few years later some tokens will be dead or abandoned and some may switched their contract address if humans are programmed to see the future won't we all be rich?
For this matter I will keep handling my coins and wait until it returns to upgrade And as long as I see that my coins are still active in the market I have nothing to worry about. But if my coins has it annual value reduction maybe this is the time to sell and go find another coin to invest and make a good profit. And what I see as another source of good investment is the yB token for I know it can benefit me like others from the market.
Jump to: