Topic: You don't need to hodl a particular coin all your life - page 3. (Read 2403 times)
Well, I think I won't go with what op said, it depends on the type of coin that you are holding, imagine buying bitcoin when it was trading at 50 cents, if u have a huge quantity its a coin that you will be selling little by little and worth holding for life, bnb was once trading at 30 cent, if you had invested $1k in it then that's a huge amount of money, it's also a coin worth holding for life, you just need to do research and join the next big train not all coin are worth holding for life but there are some special gems that are worth holding for life
if we buy coins during a bear market, of course the price will be cheaper, and if in the future a bull market comes of course the price will go up, and in my opinion if there is already a profit, you should sell it, because in my opinion the investment is for profit. and we can buy again when the market is bearish.
If some coins can be bought by looking at the market condition. Again, when the market is booming, if the coins can be sold, then profit can be made from here. If the market is better then if the coins are bought then you will see later when the market will go down but you will lose if you can do it as you said then it looks like you can make a profit from here and if some coins can be left here for a long time in that case It will be much better
if we buy coins during a bear market, of course the price will be cheaper, and if in the future a bull market comes of course the price will go up, and in my opinion if there is already a profit, you should sell it, because in my opinion the investment is for profit. and we can buy again when the market is bearish.
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
I definitely agree with you it's good to take profits on the run hence you end up giving the market back the profits and I have had this experience many times trying to HODL a Particular coin on the process the market will come back to the price I got in and even go down lower. after this several experiences I had I really changed my strategy. so as trader and investors that has been in the market and have studied market behavior for quite sometime , there are signs I see in the market then I will start taking some profits out of the market but for my Bitcoin holdings what I do is sell off only 50 of my portfolio and get ready for any dips in the market with this strategy it has really helped me to increase my Bitcoin's holdings because market always moves in circle regardless of the coin. 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
Not hodling coin for too long should be for altcoins, because no one can tell how reliable or how long the value of some altcoins can last in the market. When it comes about bitcoin hodling is just only the way, we only achieve more bitcoin by hodling it for a longtime.
Actually there are some altcoins that are also quite good if we hold in the long term, but indeed there are very few altcoins that are good
for long term investments. It must be admitted that the majority of altcoins do not have a clear function and are only used for pump and dump.
That's why many people suggest that when investing in altcoins, sell them immediately if we already profit. Especially if for a newbie who has
less knowledge about the crypto world, it is indeed a good idea to focus on investing in Bitcoin for the long term. So far I think ETH and BNB
are very good choices for long-term investments, and don't hesitate to hold ETH and BNB in the long run. Apart from having a good team of
developers, the two altcoins I've already mentioned are extremely popular. So it is safe if we hold ETH and BNB in the long term.
I think that yes holding of coin is good strategy to get profit but if you know that the market worth is high and you have some profit then surely you should sell that coin but if you do not sell and think that it will rise in price more than this then it will be your big mistake and you will loss this benefit too. Because it is possible that this price again become lower as the market has no guarantee that will it rise or become down. At high price sell that coin and buy some other and hold them to rise in price.
Not hodling coin for too long should be for altcoins, because no one can tell how reliable or how long the value of some altcoins can last in the market. When it comes about bitcoin hodling is just only the way, we only achieve more bitcoin by hodling it for a longtime.
Yes, you are right, when we keep alternative currencies, the probability that they lose value is very high, unless it is BTC because BTC has a life of its own, now the only currency that I would want apart from all the altcoins that I say is good and is considered the second better, because the first is Bitcoin is ETH, ETH is a currency that is always at the forefront, that is, without BTC there would be no other, now in my personal opinion if I had the opportunity to invest in another than BTC, I would I would do it in ETH and in Monero, and Monero because it provides the privacy and anonymity that many seek.
Not hodling coin for too long should be for altcoins, because no one can tell how reliable or how long the value of some altcoins can last in the market. When it comes about bitcoin hodling is just only the way, we only achieve more bitcoin by hodling it for a longtime.
Holding should not last for too long especially for altcoins that can crash any just like the way Luna crashes and every holders was in panic. I know many of the first 10 coins that are doing well then, but now that are not even in the first 100 again because investors go for the trending crypto projects that has good chances of having good Xs to triple investment capital.
Bitcoin is the only coin I can hold for length or months or years because it has a solid foundation that can never be compared to any other project. Remember that the Crypto market has risk that needs to be taken because any profit is made.
Bitcoin is the only coin I can hold for length or months or years because it has a solid foundation that can never be compared to any other project. Remember that the Crypto market has risk that needs to be taken because any profit is made.
But in fact, for many, this option is even much more convenient, because for a long time of work, the trader already knows how best to behave with this or that coin in a certain situation.
This has happened to me more lot of times and I have learnt from it. Some people think hodling means you won't take profit. It dosent work only that way and for this who want to increase their hodling then they need to trade the hodl buy selling when price goes high and wait patiently to rebuy when prices goes lower.
I've also been on it on a lot of time. I've earned massive amount of profit by being a diamond hand and also took a deep loss because of it. The thing I learned from that experience is to sell unworthy assets and keep the coins that showed it's potential to the market. Bitcoin is one of the coins that you need to focus your eye to. I've been holding some bitcoin for few years now and guess what! even if we are on the bear market, I'm still 3-4x profit on bitcoin from my buying price. This is why we should pay attention on coins we should hold and play some cryptocurrency that has some potential in trading. really be that easy to release or sell whenever there are some price pumps in the market.It might sounds easy but its not really that simple once you are on the situation and this had been always part of the challenges
which you could really able to experience along the way.Set particular goals or selling point on your assets as you do like and since each one of us is totally different on price target or goals.
This has happened to me more lot of times and I have learnt from it. Some people think hodling means you won't take profit. It dosent work only that way and for this who want to increase their hodling then they need to trade the hodl buy selling when price goes high and wait patiently to rebuy when prices goes lower.
I've also been on it on a lot of time. I've earned massive amount of profit by being a diamond hand and also took a deep loss because of it. The thing I learned from that experience is to sell unworthy assets and keep the coins that showed it's potential to the market. Bitcoin is one of the coins that you need to focus your eye to. I've been holding some bitcoin for few years now and guess what! even if we are on the bear market, I'm still 3-4x profit on bitcoin from my buying price. This is why we should pay attention on coins we should hold and play some cryptocurrency that has some potential in trading. 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
I always have a way to get my money out of a coin, no matter how long I keep it or how long it takes me to sell it because of the impending volatility of cryptocurrency, you can't hold a coin for a very long time, say like 5 years while making gains and refuse to sell because when uncertainty enters, the entire profit will be lost. No matter how the market may look like there will always come a point when everyone will be selling, and you don't want to be caught in that, regardless of the profit you made. There is nothing inherently wrong with selling off and profiting. 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
This has happened to me more lot of times and I have learnt from it. Some people think hodling means you won't take profit. It dosent work only that way and for this who want to increase their hodling then they need to trade the hodl buy selling when price goes high and wait patiently to rebuy when prices goes lower.
That's right, sometimes we have to enjoy the work by selling coins for things that we like such as buying gadgets, vehicles or traveling, don't focus too much with cryptocurrencies, do things we like and don't hesitate to sell, the chances of drop prices can occur at any time and things This is an opportunity to buy again.
We really have to use this moment to buy and as long as there is a chance I think we need to make the most of it,however, we need to set aside the profit from trading or investment to buy necessities,
everyone also has to manage their own finances and that's important
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Yes, I agree with you on this, this is the right time for anybody who wants to make money tomorrow or in the future to buy now with the hope that the market will be better and the price of Bitcoin will go up againn, I believe it will happen soon. Do not invest all your life savings, you can use part of your profit before to invest now while you hope for the market to get better.
That's right, sometimes we have to enjoy the work by selling coins for things that we like such as buying gadgets, vehicles or traveling, don't focus too much with cryptocurrencies, do things we like and don't hesitate to sell, the chances of drop prices can occur at any time and things This is an opportunity to buy again.
We really have to use this moment to buy and as long as there is a chance I think we need to make the most of it,however, we need to set aside the profit from trading or investment to buy necessities,
everyone also has to manage their own finances and that's important
Yes in any type of market you don't have to holds coins all your life specially crypto which has so much fluctuations that you can't handle so taking profit is a great advantage. In recent times crypto has been a new sector that's why some coins has given many time returns but now it has many crypto coming on daily basis so we can go in wrong hand any time. Take profit always
To be able to hodl is never an easy task. It could be profitable and at the same time be a disaster. Right now I'm regretting why I held on to a particular coin for too long even though it got me some profit initially. One needs to understand how to hodl works
That's right, sometimes we have to enjoy the work by selling coins for things that we like such as buying gadgets, vehicles or traveling, don't focus too much with cryptocurrencies, do things we like and don't hesitate to sell, the chances of drop prices can occur at any time and things This is an opportunity to buy again.
Not all your life, of course, but what you can never do is sell in a panic. I think that moments like the current one are a lesson, to make some profit when it goes up
This is the importance of making a target or setting up some goal on your investments on which panic selling is never been a good idea because selling on loss is a dumb decision but it's not bad on holding for years but if we do see some pump then it's not bad to sell but it's up to someone since not all do share the same mindset.
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