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Topic: You don't need to hodl a particular coin all your life - page 6. (Read 2403 times)

legendary
Activity: 2618
Merit: 1105
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Selling the bull and buying the bear is the perfect way of doing trade. When we talk of holding, different users have got different views. Some decide to hold for a reason, some just buy and forget it. Some keeps it idle, for those people it is good to observe the market and sell when the market is bullish and buy back when the same turns bearish.

Also what OP have suggested is also good, when we find one of the cryptocurrency under hold is in the bullish move  go sell it and buy some other potential coin that is in the bear market. This practice is good, because we'll get understanding about different projects than sticking to limited projects. However we need to be careful while swapping from one to the other, because we need to go through different parameters before investing. Later it shouldn't be a tragedy investing on a hype coin and suffering to sell.
full member
Activity: 1050
Merit: 100
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
that way it will be faster to make a lot of profit, namely buying at a low price and selling it at a high price. but sometimes we don't know when the price will start the reversal, and it has reached the saturation point. what we do is sell it at strong resistance on a large time frame, so I think the profit we get is quite a lot. different from those who just hold on to it, this will be dangerous if we don't have a good mentality, so the panic sells we get
hero member
Activity: 882
Merit: 507
Defend Bitcoin and its PoW: bitcoincleanup.com
So I had an experience recently where I was holding this coin in my wallet I intend to hold for a long but then I started to see a constant decline in value and some time Increase in value and I start to ask myself instead of holding the coin seating in my wallet why not trade with the volatility of the market, so I give it a try and behold I made some significant profits and this has motivated me a lot. Thanks for this thread as the trade is an eye-opener to many newbies.
sr. member
Activity: 1232
Merit: 379
Some people hodl coins that certainly will not boost their portfolio. Although, they won't keep a proper monitor on the coins, like when it pumps, they would let their greed ruled them by refusing to sell it. Always hoping to sell it at the coin ATH ( all time High). Which they will not know when it gets to it. Hodling forever is simply a dumb move made by you all in the name and believe that, the coin you are hodling will makes you rich for lifetime. Hence, Crypto is not a get rich quick scheme.
member
Activity: 364
Merit: 13
From looking at it from the plane view, holding a particular coin isn't even adventurous, and all your funds will be on a particular coin which is not even guarantee. So splitting your funds on different coin is better and safer because you will always have a place to run to when the other places go wrong.
hero member
Activity: 2660
Merit: 608
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Because, if you are planning to hold it for a years in the future that would be a bad idea in my own opinion dude.
It isn't bad if you're holding a good crypto for so long. Like bitcoin, so there's nothing bad if you're going to keep it for a very long time because that's the ideal thing to do. Before, many were encouraging of spending it to help the economy of it because that's why it's been made, to spend it and as an alternative payment. But this time, it gets more precious because of the value that it has and many would like to keep it for a long time because it's the ideal thing to do if it's for bitcoin and the other popular and top altcoins.
full member
Activity: 1190
Merit: 111
Holding our coins is coin especially if you are pretty sure about it and it is one of the top coins in the market as well, where there is a higher chances that you can able to get a big profit in the future. Because, if you are planning to hold it for a years in the future that would be a bad idea in my own opinion dude.
hero member
Activity: 1946
Merit: 575
Its a matter of your own analysis whether you do trust the project or coin you been holding for long term or not because there are really instances on which we do really mind off on selling it once we do

see some opportunity for us to do so and there are instances on which we dont care nor skip out just because we  are really that aiming for long term which is something depends on someones particular goals.Yes, we dont need to hold for all of our life but it would really be basing on someones particular goals or targets which would really vary to each other.

 It is a bit also about the project and the popularity and the sanity of it as well. Like if you buy bitcoin and hold it for veeeery long time, I mean like decades, then nobody would question that, same could be said about ETH and BNB as well probably. However, if you come out and say that you will hold Shiba for a decade, then you will raise some eyebrows. So yes, a bit of your own analysis and researching the project matters, sometimes you just have to go against the publics opinion, but at the same time there are also a few coins that would be accepted to hold long term by everyone, so it doesn't require you individually making sure of it being good, because everyone accepts it as a good one.
hero member
Activity: 2996
Merit: 609
Leading Crypto Sports Betting & Casino Platform
Well this happen to me a long time to hold and forget to sell lmao Tongue and in the end the coin I hold is ended up being a scam so I got nothing. I agree when we can sell the coin so we can buy top 10 altcoins or bitcoin the safest crypto rather than long term hold a project that can be scammed anytime. I'm not sad when that happens but that becomes an experience for me so I can decide the best move for next coin/token.
It should be noted that if the coin you are holding is not a good coin then when there is value and it is good enough for you then I think at that time sell it, because there is no need to hold it any longer, in the end, it becomes a useless coin with nothing the value, I always throw away new coins even though the price is quite decent because for me coins that are not popular will tend to be a scam if held for longer.
Nothing but moving it to the main coin, namely Bitcoin.
Its a matter of your own analysis whether you do trust the project or coin you been holding for long term or not because there are really instances on which we do really mind off on selling it once we do

see some opportunity for us to do so and there are instances on which we dont care nor skip out just because we  are really that aiming for long term which is something depends on someones particular goals.Yes, we dont need to hold for all of our life but it would really be basing on someones particular goals or targets which would really vary to each other.
legendary
Activity: 2590
Merit: 1178
It should be noted that if the coin you are holding is not a good coin then when there is value and it is good enough for you then I think at that time sell it, because there is no need to hold it any longer, in the end, it becomes a useless coin with nothing the value, I always throw away new coins even though the price is quite decent because for me coins that are not popular will tend to be a scam if held for longer.
Nothing but moving it to the main coin, namely Bitcoin.
I understand why you did it because actually in the long term there are thousands of new altcoins that die and cannot be developed by their owners. We have previous experience with bounties and we should have known that a new altcoin is only valuable as long as the hype is as good as it was when it was first traded on the exchange and then the price will never increase until the altcoin is only worth displaying in the wallet.

The best investments are when we really realize about the great potential of popular crypto like bitcoin and some potential altcoin. In the long term this investment will benefit the holder, so it would be great if we have it in the portfolio.
legendary
Activity: 2352
Merit: 1041
Smart is not enough, there must be skills
Well this happen to me a long time to hold and forget to sell lmao Tongue and in the end the coin I hold is ended up being a scam so I got nothing. I agree when we can sell the coin so we can buy top 10 altcoins or bitcoin the safest crypto rather than long term hold a project that can be scammed anytime. I'm not sad when that happens but that becomes an experience for me so I can decide the best move for next coin/token.
It should be noted that if the coin you are holding is not a good coin then when there is value and it is good enough for you then I think at that time sell it, because there is no need to hold it any longer, in the end, it becomes a useless coin with nothing the value, I always throw away new coins even though the price is quite decent because for me coins that are not popular will tend to be a scam if held for longer.
Nothing but moving it to the main coin, namely Bitcoin.
sr. member
Activity: 2310
Merit: 332

Well this happen to me a long time to hold and forget to sell lmao Tongue and in the end the coin I hold is ended up being a scam so I got nothing. I agree when we can sell the coin so we can buy top 10 altcoins or bitcoin the safest crypto rather than long term hold a project that can be scammed anytime. I'm not sad when that happens but that becomes an experience for me so I can decide the best move for next coin/token.

I have felt this like you said when you receive some airdrop and as a newbie you feeling on top of the world that you have started a process of financial Independence and looking forward to more investment, hodling to that received you get surprise that after sometime the coin is requesting to change address or promise to list is no longer heard on the telegram, you complain and you get removed and your hodling is gone  Grin
sr. member
Activity: 702
Merit: 251
There are a lot of people they hold on to for a lifetime. They do not realize that they have a profit, they sell it now. It's not that they don't sell despite the profits, but it's a lot of stupidity.You should sell only when you see the profit from your investment.And if the price goes down, you should buy those coins again and invest.
actually that's a true investment, which we sometimes do not remember and pay attention to the market all the time. it is certain that they use cold money to invest, so that they do not interfere with their finances for their daily needs, until they realize that they have made a lot of profit, they just need to take it to enjoy it, or keep it for the inheritance of their children and grandchildren, it all depends on the goals of the investor.
All I have to say before investing in a place is to think calmly and then go all out with all the information there and I think what you want to say here is that it will not interfere with everyday needs especially money.  With the big risk of losing what I think here is money I think I am very sorry and dizzy thinking about using money and I think if you think carefully before investing then get married otherwise you will lose.
member
Activity: 949
Merit: 48
Before we invest or hold i think we need to set a limit on how long we do holding the coin it is not necessary yo hold a coin for a very long time when we can get profit on holding it in a weeks or a month. Crypto is a very high on volatility and the crypto market is always unstable so set a limit and you will be fine.
sr. member
Activity: 2156
Merit: 251
Binance #Smart World Global Token
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

Well this happen to me a long time to hold and forget to sell lmao Tongue and in the end the coin I hold is ended up being a scam so I got nothing. I agree when we can sell the coin so we can buy top 10 altcoins or bitcoin the safest crypto rather than long term hold a project that can be scammed anytime. I'm not sad when that happens but that becomes an experience for me so I can decide the best move for next coin/token.
hero member
Activity: 2688
Merit: 625
I think that the only currency that I would be able to save and without regrets is btc, because for me it is a guarantee that as time goes by it will take more value and not only value but I know that its behavior will grow in terms of price, just knowing that the normal accumulation period of BTC is approximately 3 to 4 years, and that then a new ATH occurs is something spectacular, at the moment many fundamentals are happening, which has made the market work in a different way that often focuses on uncertainty and not knowing how to understand what can happen, but this is normal because volatility is what makes this possible, for me the Hodl is the best strategy.


Yes that's right. The only coin that is safe for us to invest long term is BTC with an accumulation time of 3 to 5 years. and hold strategy is a very good solution for us to invest. However, the readiness to do the hold must be really mature. we must have other income to meet our daily needs.
The result, I think, will be profitable if we choose Bitcoin for a long-term investment, there is no doubt,
holding is not just about holding coins for the long term because to do it apart from having to have other income we also need to have patience,
in holding patience has a big role and not everyone has it
Patience is the key but not all would really be having that kind of level of patience on dealing up with things because not all could really afford on holding for a very long time specially into those people who are needly
badly on making profits or income on a short time because they do need money for some personal reasons because we know that not all would be the same on having financial status thats why some people do really
find out ways on making money in shortest time as possible thats why setting up goals would really be that common and we do have our own ways on how we gonna secure it out if we do see the opportunity
or chances on doing so.So its a different scenario for everyone basing on what conditions we are experiencing on.
full member
Activity: 1064
Merit: 100
Combo Network
I think that the only currency that I would be able to save and without regrets is btc, because for me it is a guarantee that as time goes by it will take more value and not only value but I know that its behavior will grow in terms of price, just knowing that the normal accumulation period of BTC is approximately 3 to 4 years, and that then a new ATH occurs is something spectacular, at the moment many fundamentals are happening, which has made the market work in a different way that often focuses on uncertainty and not knowing how to understand what can happen, but this is normal because volatility is what makes this possible, for me the Hodl is the best strategy.


Yes that's right. The only coin that is safe for us to invest long term is BTC with an accumulation time of 3 to 5 years. and hold strategy is a very good solution for us to invest. However, the readiness to do the hold must be really mature. we must have other income to meet our daily needs.
The result, I think, will be profitable if we choose Bitcoin for a long-term investment, there is no doubt,
holding is not just about holding coins for the long term because to do it apart from having to have other income we also need to have patience,
in holding patience has a big role and not everyone has it
full member
Activity: 868
Merit: 106
I think that the only currency that I would be able to save and without regrets is btc, because for me it is a guarantee that as time goes by it will take more value and not only value but I know that its behavior will grow in terms of price, just knowing that the normal accumulation period of BTC is approximately 3 to 4 years, and that then a new ATH occurs is something spectacular, at the moment many fundamentals are happening, which has made the market work in a different way that often focuses on uncertainty and not knowing how to understand what can happen, but this is normal because volatility is what makes this possible, for me the Hodl is the best strategy.


Yes that's right. The only coin that is safe for us to invest long term is BTC with an accumulation time of 3 to 5 years. and hold strategy is a very good solution for us to invest. However, the readiness to do the hold must be really mature. we must have other income to meet our daily needs.
sr. member
Activity: 2450
Merit: 329
This is a fact and eventually, you get to sell at some point. Besides, how do you enjoy the benefit of an investment if you don't sell. The problem with hodling is always knowing when to sell. That's the most difficult part of hodling and that's due to the fact that, coins have turned to be a store of value in place of serving as just a currency. With that, every coin hodling is an investment hence, its potential resides in the future and even when the coin experiences some bear dark days, you've got the impression that, there is a bull market for the coin I  the future and you would hate for you to sell at a lose.
When to sell doesn't really matter when you get rich enough, its a problem for the poor people like me. I mean if you have let’s say 10 million dollars, do you really consider when to sell it? If you believe there is a better investment, like if you are renting but want to buy a house and sell like 300k to buy a house, then that’s fine but that’s another investment at that point. You don't sell and get the 10 million and just ... look at it? You keep it there because it has been great. But, if you have like a few thousand dollars, and want to sell it when it does 10x so that you could pay your debts, or buy a car or something, then you will be looking a price to get out.
sr. member
Activity: 2002
Merit: 250
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
Well i also prefer to sell when bull and buy in bear market because that is the best strategy but sometimes we become bord on waiting and i experience it before, i hold a coin for 5 years and yet i never gain a single profit because the coin drop,that is why i never hold only one coin i hold different coin to also have different opportunities, different coin with a different market cap can be more exciting and i believe that we can have advantage if we hold different coin.
The problem is because of our greed even if we have enough profit secured we speculate more until the very top and suddenly whales entered causing the price back to the dip and panic small inventors, until its too late to sell and we have to wait another months to recover, as a wise trader we need to have a target price if we are holding coins, if it reached the target then sell immediately and buy new tokens to hold.   
We can at the beginning determine the target first so that when we have reached the target we can sell it,
when you don't have a target it will be different because the market will continue to move and we don't know what to do so when we can get a profit we continue to feel lacking,
and greed is what makes us lose
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