You don't need to hodl a particular coin all your life - page 10.

Maestro75

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Quote from: michellee on December 24, 2021, 11:13:30 AM

I think some people have a high expectation for some coins so if the price is not hit their target price, they will not sell it, although that means they need to hold 10 years without knowing when the price can increase or it will be delisted from the exchanges.

Many people who hold altcoins face this thing most times as their expectations are often shattered. Greed will not let such people sell and take profit even when price rises they still want it to rise more as if they can decide for the market what to do and what it should not do.

Quote from: AakZaki on February 19, 2022, 09:30:17 PM

In crypto the profit of 30%-40% is still very small. Profits can even be hundreds to thousands of percent depending on where you enter and what projects you are involved in.

Alot of people do not like taking profit at 30%-40%. They want to wait till much higher percentage and before they know what is happening they have missed out on taking that profit and that chance is gone and gone forever.

Fatunad

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Quote from: Rehan Zakir on February 26, 2022, 01:04:43 PM

Yes you are right brother. If you are holding a coin for long term then left it. Don't see it for 5 years. After 5 years it will definitely give you profit. But the main thing is that project must be must.
See, if anyone holding Bitcoin when he was 1$. If he invest only 100$ in Bitcoin and bought it at 1$ price. Now, he become millionaire. Because now Bitcoin all time price is more then 60000$. He has waited 10 years and now he become millionaire. So, think about long term projects

Yes it could possibly give out that chance but no one had anticipated that bitcoin would really reach out those numbers on which or come to think that there are only a few who had
believe into that project and thats the risk on which anyone should really be putting on specially if they are really going for long term.So its a matter or risk taking because not all
projects would really be worth for you to hold on which means you do need to make out some research before making any step and also dont expect that much that your
choices would really be right.

Rehan Zakir

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Yes you are right brother. If you are holding a coin for long term then left it. Don't see it for 5 years. After 5 years it will definitely give you profit. But the main thing is that project must be must.
See, if anyone holding Bitcoin when he was 1$. If he invest only 100$ in Bitcoin and bought it at 1$ price. Now, he become millionaire. Because now Bitcoin all time price is more then 60000$. He has waited 10 years and now he become millionaire. So, think about long term projects

carlfebz2

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Quote from: Gozie51 on December 24, 2021, 06:41:49 AM

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

this is good advice and every crypto investor should be able to do this. Big profits can be obtained if you can consistently buy during a bear market and then sell it during a bull market

Bitcoin price is very volatile, making good use of the moment (sell or buy) is a great opportunity to make a profit. but holding for the long term without selling isn't that bad either, which choice is the best depends on each individual imo

Not necessarily a bull market but rather sell when you are already seeing some gains on what you are holding because it will eventually be having those corrections afterwards on which
it would be worth if you do sell it off for gains then buy later when the price is decreasing.

Just look for example on whats happening with bitcoin on which lucky to those who had sell out on 44k yet the price had declined to 37 which it wouldnt be bad on buybacks on this
price level point.

The question is, would you consider it out on re-entry? This does depend on some risk management question.

mrongoz_imut

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You look funny and not see how much profit earn by some holder Shiba coin and take keep holding for two or three years after Shiba open listing on market, I think not all holder is waste time but they try how can earn higher profit with holding coin more than longer time than usually, where some people or investor just hold and invest about one or two month but there are still have many holder keep hold coins for several year to earn much profit.

sarmrakib

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Quote from: Gozie51 on December 24, 2021, 06:41:49 AM

How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ?

Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money.

I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear Grin

Its a good trick always to sell on when you got enough return from it .We all need to hold coin but we also need to sell when we are in profit .If we don't do it we can just watch the drama where market goes through ups and down .You have to keep it mind as well that you need to do it carefully cause if you do it continuously you may make loss when the market goes on bearish momentum .So that we need to be more active and hold our token for long term and also sell it when we can get a good return .That's how our money can work for us .

bitzizzix

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Quote from: cheezcarls on February 20, 2022, 02:19:02 AM

Quote from: Wexnident on December 24, 2021, 09:19:24 AM

Well, hodling forever is a pretty dumb move. Sooner or later you're going to have to sell that coin. A coin itself isn't always going to go up in the future, not to mention that the purpose of hodling itself is to sell it at a larger price so you can profit off of it more. It's just that some people like to do it over very long periods of time, and that they'd rather not spend it even if they've already profited at the current price, they instead wait for a bigger opportunity. Looking at the big picture so to speak. It's all about how you do the market though, you do you, nothing can stop that.

I agree to this one. Not just BTC, but also to other altcoins, memecoins, shitcoins, whatever that is. And yes I was so dumb being greedy and holding too much of those "promising" coins and tokens back then when I didn't had the chance to sell them high. Lesson learned from me. Now I have already started to sell when it goes to my targeted higher price rather than just being greedy. After all, profit is profit and we should be happy of it rather than losing.

Everyone has different plans and targets with the aim of selling profit, not selling at a loss and that is very stupid and whatever the reason is having to wait for the price to go up and make a profit when selling it again.
and for bitcoin it is more appropriate to hold it in the long term to get a very satisfying profit and another reason bitcoin has a low risk as long as we are patient and consistent with it, because even though there is a long decline, it will eventually rise again, even exceeding the highest price.

I treat bitcoins to be kept long term and for reserve funds and sell them when I really need them and as needed, and also some altcoins for short or medium term and sell them only when the price rises above the price I previously bought.

livingfree

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I was holding Ethereum for a long time as it continue to depreciate in value and it get to a level that I could no longer hold ( I think that was when Ethereum price drop below $100) I was forced to sell all my Ethereum, and in less than a year after I have sold all my Ethereum the story change and I regret to have sold all my Ethereum.

I've even seen the price of ETH below $100 but I managed to hold.

That's really a sad story for you. If you have just been able to hold ETH during those bearish moments, you're high in profit. But because of the problem that you can no longer hold.

You're able to sell.

A lesson that everyone can learn that being patient really pays off.

cheezcarls

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Quote from: Wexnident on December 24, 2021, 09:19:24 AM

Well, hodling forever is a pretty dumb move. Sooner or later you're going to have to sell that coin. A coin itself isn't always going to go up in the future, not to mention that the purpose of hodling itself is to sell it at a larger price so you can profit off of it more. It's just that some people like to do it over very long periods of time, and that they'd rather not spend it even if they've already profited at the current price, they instead wait for a bigger opportunity. Looking at the big picture so to speak. It's all about how you do the market though, you do you, nothing can stop that.

I agree to this one. Not just BTC, but also to other altcoins, memecoins, shitcoins, whatever that is. And yes I was so dumb being greedy and holding too much of those "promising" coins and tokens back then when I didn't had the chance to sell them high. Lesson learned from me. Now I have already started to sell when it goes to my targeted higher price rather than just being greedy. After all, profit is profit and we should be happy of it rather than losing.

AakZaki

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Nobody said you have to save for life, that's stupid.
save as much coins as you can and the target you have set. If the target has not been achieved Hold on and do not be influenced by others. The most important thing is research, good coins will have good development like Bitcoin, ethereum and other altcoins.
In crypto the profit of 30%-40% is still very small. Profits can even be hundreds to thousands of percent depending on where you enter and what projects you are involved in. If you want to get a quick profit, use scalping and keep doing it as often as possible. Holding or selling when profiting is the same thing, depending on where you set the limit.

Sled

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Quote from: ReiMomo on February 19, 2022, 02:51:10 PM

Set up a profit percentage and just close off the trade when that reaches it. It might take a month or an year to for the trade to close. It might be with any best coin having a huge trading volume. Holding needs patience and it would challenge you or temp you too much when there is sudden hike or sudden dip. Fluctuation is its nature and yes do not go for a panic sell or buy. It would lead you to loss. So be calm and hold your coins and get your profit.

That is why we should have to give some faith and confidence to what we are doing just to keep control of our emotions. Fluctuations can be normal but if we feel disturbed because of trust issues and being doubtful of our investment, emotions can rise and drive us to make a wrong decision, probably selling at the wrong time. But of course, it doesn't mean that we hold our coins for the life because of trust, as we are looking for a profit selling them during their peak is the best decision rather than missing them.

DoublerHunter

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Quote from: blockman on February 16, 2022, 08:22:45 AM

Quote from: lalabotax on February 15, 2022, 06:59:22 PM

How if we already bought at the previous pump? Although there is a pump, the price still cannot meet the target to sell. I have some altcoins on the wallets whose values are far from the buying price. I am still holding although there are some pumps lately because their prices are still very cheap. I don't know how long to hold, but there is no another choice, only hold.

You really have no choice but to hold until you recover. That's the choice that you can make or if you want to cut loss if you're already too deep. You have to accept the fact that you've already made a loss. But as you've said, you're going to hold and there's another option.
And that is to add if you want to.

^ That is right, if you have been purchased 1 BTC it will remain 1 BTC in your wallet and there is nothing to lose not unless you will sell it under the amount that you have purchased. When you see your target profit just sell it and re-invest when seeing the market is down I think that is what they call long-term trading which is a long process of making a profit in crypto but it is surely and has a 100% guarantee of making a profit. It also has a less risk but the only problem that you could able to fight is that the patience that you have

ReiMomo

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Set up a profit percentage and just close off the trade when that reaches it. It might take a month or an year to for the trade to close. It might be with any best coin having a huge trading volume. Holding needs patience and it would challenge you or temp you too much when there is sudden hike or sudden dip. Fluctuation is its nature and yes do not go for a panic sell or buy. It would lead you to loss. So be calm and hold your coins and get your profit.

nhaila

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Quote from: Lordhermes on February 18, 2022, 06:52:21 PM

Holding a particular coin all your life can sometimes be frustrating because if the coin does not yield result,or it falls,one is liable to having heart problems which will end up making one regret why he had not given up on the coin for a long time.

Holding is very good,but when it results are not coming,switch to other coins that are doing well and invest in.

You can choose a few coins for long term holding but in this case you do not have to hold these coins for life. If you think your holding coins are making a lot of profit then you can sell them in the market. If you feel that your holding coin is not giving you profit then you can feel free to hold it.

Lordhermes

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Holding a particular coin all your life can sometimes be frustrating because if the coin does not yield result,or it falls,one is liable to having heart problems which will end up making one regret why he had not given up on the coin for a long time.

Holding is very good,but when it results are not coming,switch to other coins that are doing well and invest in.

blackened515

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No matter how good a coin is, HODLing it for longer time is of no use if its giving you profit. We all are in crypto to get profits, lets accept this fact. I will be happy to sell a coin i am hodling if I see 30 to 40% profit.
I agree that invest and HODL in bitcoin along with top altcoins listed on CMC but dont hodl it for lifetime.

I agree with you. It makes no sense in holding a particular coin for lifetime. Because, without selling during the Bullrun, I don't think there is another means of making good profits from Crypto. Truth be told, we all invest in Crypto to make good profit. Although, HODLing is never a bad idea, but we should be conscience enough to know when to sell. However, We have other altcoin that have potential of rising high.

FanEagle

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Quote from: blockman on February 16, 2022, 08:22:45 AM

Quote from: lalabotax on February 15, 2022, 06:59:22 PM

How if we already bought at the previous pump? Although there is a pump, the price still cannot meet the target to sell. I have some altcoins on the wallets whose values are far from the buying price. I am still holding although there are some pumps lately because their prices are still very cheap. I don't know how long to hold, but there is no another choice, only hold.

You really have no choice but to hold until you recover. That's the choice that you can make or if you want to cut loss if you're already too deep. You have to accept the fact that you've already made a loss. But as you've said, you're going to hold and there's another option.
And that is to add if you want to.

I would say DCA is a much better method. Consider that as an alternative when you purchase some more from the bottom. I personally rarely ever sell out of a coin, I just end up buying some more and dropping my purchasing price. If it looks like a coin or a token that is a scam then I would just cut my losses and get out, but if it is just a pump that I bought at the peak, then all I could consider doing would be DCA.

This way I could go on without a trouble and make as much profit as I could without a worry in the future when the price goes up. Obviously this requires you to constantly have cash to invest and sometimes that is difficult to do, but it is not impossible neither.

AakZaki

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Quote from: Rockstarguy on February 15, 2022, 05:24:20 AM

I think the reason why some persons hodl a particular coin for very long time it because maybe the time which the coin was being bought it was a coin that had value in the market, on the process of holding it for some time it lose value. At this point people in this condition get confused and know not what to do than keep on holding and waiting until anytime it gains value in the market.

Holding a coin for a long time requires detailed research about the coin to be purchased, if you only do regular research without taking into account the coin will develop or not, it will certainly be very risky. Usually ordinary people who are new to crypto just follow other people's advice and then get stuck on coins that don't thrive.
It is better to hold bitcoins or coins in the top 10 of CMC, as they are more trusted and continuously developed.

stomachgrowls

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Quote from: palle11 on February 16, 2022, 11:49:19 AM

Quote from: lalabotax on February 15, 2022, 06:59:22 PM

Quote from: 2girls on February 12, 2022, 09:52:36 PM

When it gets pumped sell your holding and when it is dumped buy again at lower prices.

How if we already bought at the previous pump? Although there is a pump, the price still cannot meet the target to sell. I have some altcoins on the wallets whose values are far from the buying price. I am still holding although there are some pumps lately because their prices are still very cheap. I don't know how long to hold, but there is no another choice, only hold.

You will do a research about the project if it has chance to pump in the future. The way you can research on that is if the project is talking of future plans and schedule of listing or introduction of some creation and innovation to what you know. Like some times a project can do a swap, change name or create some more features and by this you know hodling for future can do you good.

Everything should be research from roadmap until on what kind of project are you dealing off, is it;

1. Does have some realistic long term goal?
2. Does it have real use case?
3. Does it have non repeated kind of idea?
4. Are the team behind working or putting efforts?

There are lots of factors which could really be solid thing for you to mind or do look before you could able to point
out even though it wouldnt be that precise but at least you had done your thing.

doomloop

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Quote from: lienfaye on February 15, 2022, 02:34:41 AM

We should not forget to take profit at times especially if our coins are increasing, thats the purpose why we are investing, to gain from our investment. But sometimes people are greedy to earn more, even the price are high enough they are aiming for much higher price. Well there's nothing wrong with that especially if you dont need the money yet, but isn't it more wise to enjoy some of your profit? Anyway we have different strategies and certainly know what is best.

I thought they do not need a money yet but why they are greedy to earn more profits? They shouldn't lie for their selves and they should cash out early if they want to or if they still have the chance because this could not be repeated anymore. They are greedy for profits so they invest on pump and dump coins, that is why the chance of earning a profit can be for a limited time only but yeah who we are anyway to educate them? That was their life and they know what works for them.

I think the op is already mixing the trader and the investor. It is not the investors role to buy and sell and buy and sell but i think that is already for the traders.

Topic: You don't need to hodl a particular coin all your life - page 10. (Read 2570 times)