You don't need to hodl a particular coin all your life - page 11.

palle11

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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.

Luzin

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Quote from: Wawa2013 on February 16, 2022, 07:19:22 AM

In fact I have some shitcoins that have been in my wallet for quite a while, there are
shitcoins that I have hold for 3 years but the price of those shitcoins has not increased. So it is very important to do research and analysis before
deciding to buy coins for investment, so that we don't choose the wrong coins, make sure the coins we choose do have a bright future.

If you are trading on Shitcoin make sure you are ready to lose money or earn more money. I think you just need to take advantage of that hype coin or token and you should get out right away. Holding shitcoin too long time is not profitable, as some shitcoins even happen rugpul. If you have bought in a high price and are currently down then just assume your money is lost. This means staying resilient and don't expect anymore it will return to the original price. Just hold on and switch to another coin/token and don't repeat your mistake again.

blockman

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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.

Wawa2013

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Quote from: Smitty Werben Man Jensen on February 16, 2022, 04:12:04 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.

That's right, in a case like yours, there really isn't a better choice than to hold on.
on the other hand if you just hold on continuously without any certainty it's also difficult,
need patience and hope that the coin you are holding at this time can go up in price again

Therefore, choose coins that are really potential, so we don't need to hold too long. If we buy shitcoins, of course it will be difficult to sell them,
even if the price goes up, usually it will not be that high. In fact I have some shitcoins that have been in my wallet for quite a while, there are
shitcoins that I have hold for 3 years but the price of those shitcoins has not increased. So it is very important to do research and analysis before
deciding to buy coins for investment, so that we don't choose the wrong coins, make sure the coins we choose do have a bright future.

Smitty Werben Man Jensen

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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.

That's right, in a case like yours, there really isn't a better choice than to hold on.
on the other hand if you just hold on continuously without any certainty it's also difficult,
need patience and hope that the coin you are holding at this time can go up in price again

TopT3ns

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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.

If you bought trough previous pump just cut loss best ideas I think and not recommended to hold still bitcoin stable and not any exact date when pump, you can take recovery with other investment coin but if you can hold maybe you need waiting more than three months later for reach up, almost every year June and July as best month for bitcoin and altcoin pump to higher price but is not guarantee if you not have other saving funds cut loss is good decision to do.

lalabotax

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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.

Sanitough

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

Quote from: Rockstarguy on February 12, 2022, 01:55:28 PM

It's best to always take the profit of the coin which is been held if the person don't feel like to sell the coin to rebuy another. But it's not still advisable to hold a particular coin for a very long time expecially coins that are not too reliable. If one should decide to hodl coin for a long it should be a coin that their is assurance its a future coin.

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.

Hodling is an investment strategy that prevents you from losing from those short term volatility so you preferred for long term hodling. But is this really a wise investment strategy? For some, yes, especially if they are hodling most likely bitcoin. But for others, no, as there are more profits if you can manage by selling at the peak and buy back again when the market is bearish. Profits will be compounded little by little and before you realize it, you have owned already a lot of bitcoin out of single bitcoin that you managed to buy and sell.

Rockstarguy

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Quote from: jhonjhon on February 13, 2022, 03:57:51 AM

Quote from: avikz on December 24, 2021, 09:35:54 AM

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

Isn't it obvious?? If I am holding a coin and never sell it off, how will I make use of the profit? That's common sense! Holding a coin for the rest of my life is not a great idea because it makes us rich on papers but not in reality. It applies to any other kind of investment where dividend is not involved. All we need to wait for the right time to sell and to re-enter the market. I thought that's common sense for any normal people.

Yah right. Grin

What is the sense of holding a coin forever?Of course you gonna sell it when you think that it is the right time to sell. And then buy some more when the market is bearish.Thats how it goes. You dont need to hold it for all of your life... Grin

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.

lienfaye

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Quote from: Rockstarguy on February 12, 2022, 01:55:28 PM

It's best to always take the profit of the coin which is been held if the person don't feel like to sell the coin to rebuy another. But it's not still advisable to hold a particular coin for a very long time expecially coins that are not too reliable. If one should decide to hodl coin for a long it should be a coin that their is assurance its a future coin.

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.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: bhooscream on February 13, 2022, 02:35:56 PM

No one will hold crypto coins forever, I doubt if there is someone to have that idea.

It is a temporary idea. Everyone has needs and everyone is human, so they will have to spend those coins at some point when they run out of fiat cash at hand. But I hope that does not happen to anyone in real.

Quote

So, everyone who knows the bullish will end, must sell their coins as soon as possible. Then, probably buy again in the dip, when the bearish season comes.

Cycling the coins is important but some traders are stubborn and they dont realize that there are actually two narratives in play here. One is the long term hodlers who are not selling anything for a long time and another is the hodler who has kept a fraction of their holding for trading and the rest for long term holding. When traders confuse these two they end up holding when they could have sold and made a profit and using the profit they could buy-back.

Now it is the trader's decision to sell or not and there are ample opportunities when the swings happen.

CaVO32

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Quote from: Fatunad on February 13, 2022, 02:38:33 PM

Quote from: bhooscream on February 13, 2022, 02:35:56 PM

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.

No one will hold crypto coins forever, I doubt if there is someone to have that idea. Everyone who knows who crypto market trends "bullish & bearish", must know when he/she need to buy crypto coins and when he/she must sell the coins. It is clear that in the bullish, the prices of crypto coins will increase significantly before the prices drop again pretty much in the bearish season. So, everyone who knows the bullish will end, must sell their coins as soon as possible. Then, probably buy again in the dip, when the bearish season comes.

We should set selling points whatever the situation would be because if you dont then you would really be missing out chances for you to make profits because there are coins
which do only pump once or several times then dies after or would really be staying up in low value for how many years thats why you should really be that wise on making
actions if you dont really like to regret and minding that you should have made some serious amount of profits but because you are presuming and somewhat been mixed
with greed then you would surely be thinking off this way.

I have learned that lesson during the height of eth tokens popularity. Remember those days where etherdelta was still popular, a lot of eth tokens were being traded. And look at them now, I am sure most of those tokens are already long dead and gone. So if you feel that you are holding tokens or coins that don't have very good foundation, better sell it while you are still in profit, even small profit. Because later on, you will find out that coin will have no more value and no exchange to trade with. Some are holding tight for the hope of multiplying their profits, but usually it is not the case.

livingfree

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

That's what I recommended to everyone. Sell when you feel you are in profit and again buy when the market has dumped. This will work very perfectly nowadays because the market is so volatile it pumps in a day and another day it dumps. When it gets pumped sell your holding and when it is dumped buy again at lower prices.

Sell when you're in need of the money and much better doing that when you're in profit. Because if you do it during the time that the market isn't favorable and you're not in profit, that's just making yourself cut the losses.

But there will be some argument about selling.

Like it's not yet enough for them at that rate so they're not going to sell and wait for further pump.

Fatunad

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Quote from: bhooscream on February 13, 2022, 02:35:56 PM

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.

No one will hold crypto coins forever, I doubt if there is someone to have that idea. Everyone who knows who crypto market trends "bullish & bearish", must know when he/she need to buy crypto coins and when he/she must sell the coins. It is clear that in the bullish, the prices of crypto coins will increase significantly before the prices drop again pretty much in the bearish season. So, everyone who knows the bullish will end, must sell their coins as soon as possible. Then, probably buy again in the dip, when the bearish season comes.

We should set selling points whatever the situation would be because if you dont then you would really be missing out chances for you to make profits because there are coins
which do only pump once or several times then dies after or would really be staying up in low value for how many years thats why you should really be that wise on making
actions if you dont really like to regret and minding that you should have made some serious amount of profits but because you are presuming and somewhat been mixed
with greed then you would surely be thinking off this way.

bhooscream

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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.

No one will hold crypto coins forever, I doubt if there is someone to have that idea. Everyone who knows who crypto market trends "bullish & bearish", must know when he/she need to buy crypto coins and when he/she must sell the coins. It is clear that in the bullish, the prices of crypto coins will increase significantly before the prices drop again pretty much in the bearish season. So, everyone who knows the bullish will end, must sell their coins as soon as possible. Then, probably buy again in the dip, when the bearish season comes.

Sebas.tian

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Quote

That's what I recommended to everyone. Sell when you feel you are in profit and again buy when the market has dumped. This will work very perfectly nowadays because the market is so volatile it pumps in a day and another day it dumps. When it gets pumped sell your holding and when it is dumped buy again at lower prices.

That is the best strategy to make a good profits from your trade and still prepared for future profit making. Sell your coins the moment their price move higher in the market to enable you to make a good income from your trade, and when the price decreased then buy and hold for future purpose. Many people don't still understand how to make a passive income in this season of bearish market without experiencing any losses from their investment. Now that many coins has dropped price few weeks ago, it will be favourable for anyone to buy those coins and hold for the price to move higher before the end of February to achieve something good that will put smile on your faces in the community.

jhonjhon

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Quote from: avikz on December 24, 2021, 09:35:54 AM

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

Isn't it obvious?? If I am holding a coin and never sell it off, how will I make use of the profit? That's common sense! Holding a coin for the rest of my life is not a great idea because it makes us rich on papers but not in reality. It applies to any other kind of investment where dividend is not involved. All we need to wait for the right time to sell and to re-enter the market. I thought that's common sense for any normal people.

Yah right. Grin

What is the sense of holding a coin forever?Of course you gonna sell it when you think that it is the right time to sell. And then buy some more when the market is bearish.Thats how it goes. You dont need to hold it for all of your life... Grin

2girls

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That's what I recommended to everyone. Sell when you feel you are in profit and again buy when the market has dumped. This will work very perfectly nowadays because the market is so volatile it pumps in a day and another day it dumps. When it gets pumped sell your holding and when it is dumped buy again at lower prices.

Japinat

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Quote from: Sled on February 12, 2022, 05:11:02 PM

Quote from: milewilda on February 12, 2022, 03:27:59 PM

Quote from: stadus on February 12, 2022, 03:19:15 PM

Quote from: Rockstarguy on February 12, 2022, 01:55:28 PM

It's best to always take the profit of the coin which is been held if the person don't feel like to sell the coin to rebuy another. But it's not still advisable to hold a particular coin for a very long time expecially coins that are not too reliable. If one should decide to hodl coin for a long it should be a coin that their is assurance its a future coin.

If you expect the the price of the coin will increase over time, then its good to hold, but give it a time frame so that you can still enjoy the profits and buy back again at a lower price. Even if you have bitcoins in your wallet, its never a wise decision to hold them forever. But if you are afraid to take the risk in selling, you can sell some of them so you can roll the profits and then hold the remaining for a bigger profits in the future.

Mistakes do really commonly happen on these times on which there are individuals who cant able to determine on which project is worth to hold off and which isnt because most of the time
we do baghold lots of shitcoins or ton of crap thats why we do really end up on having lots on our bag which ending up on having no value which do really sucks.
Sometimes it do need up some luck for you to make money depending on some circumstances.

It really sucks upon seeing my wallet with those shitcoins stuck there. We have no choice as we can't sell them and felt sometimes in regret of not selling them before when they still have a market value. We can blame ourselves somehow and say that holding couldn't assure assurance especially if we have held worthless coins or new projects. As I realize that only Bitcoin could give that assurance if we aim for long-term holding as its value is boldly growing but not these altcoins.

But not all altcoins are not suitable for long term hodling, ethereum and BNB for me are still worth to be hold for long term. And the rest are just good for short term hodling. So its always a wise decision to sell when prices are in peaks because there is no guarantee that the coins you are hodling will never fall back. Unless you are keeping bitcoin, its best to hold it as a long term investment as it could potentially help fund our retirement. Just my thoughts.

stomachgrowls

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Quote from: Slow death on February 12, 2022, 05:43:49 PM

The problem with holding many altcoins is that many altcoins are projects in which they only increase the price quickly but in the long term they do not increase in price and this creates a scenario where a person spends years holding something that will not go up in price , I see certain people saying: " I'm still doing hodl but I'm at a loss "seriously? Why continue with something that is causing losses?

This is where profit taking decisions would be crucial because you wouldnt know if a particular coin would rise up its price in the future or would be totally be stagnant or totally dies off thats why

it would really be leaving a regretable feeling whenever you had missed out on selling on peak.This is why decisions should really be taken on seriously and wont really just ignore

but if you do really believe on a certain project then you would really hesitate on holding it off for long years to come.

Topic: You don't need to hodl a particular coin all your life - page 11. (Read 2570 times)