Bitcoin Forum

if an experienced trader will sell altcoin you hold will it push you for sell too?if the answer is no:
 if you will know that this guy has a portfolio of more than 10 BTC?

first i will hold my strategy about trading altcoin. but if something happen like big bad news, maybe i will panic and sell all my altcoin to the market. actually panic is not recommended but it just come unrealized.

This is a great question and one of the main things you think about as an inexperienced/beginner/moderately advanced trader. When someone who knows more or has a better track record than you acts, do you follow or simply take your own path? On one hand you are always going to get the shorter end of the stick by following them, but chances are they are usually right. On the other, you can make more if you trust your own instincts and are right. At the end of the day, the safer option is always to learn from and follow, and do as the best do, therefore I would suggest to sell if they sell, but to each their own.

You control your  own money, the professional traders only do speculation there is a chance that he is going to make mistakes, dont rely on people's judgement, you need  to do your own speculation and take a look at the reason why he sell it, you can take his advice into consideration but don't depend on people's decisions to make your trade

A beginner or professional trader must have the ability and conviction to speculate, maybe people have other speculations to sell his coins but you should not be too dependent on others because others are not necessarily right to take speculative conclusions.