Bitcoin Forum

In 2017 when bullrun took over crypto space and many altcoins joined later some people still keep holding thinking that their altcoins will keep surging and surging, little did they know that bull season always have short life span when comparing to bear season, bear season can stay for years but bull season is just in months, so why are you holding when you should be selling?

Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017.

Know when to get in and know when to get out, don't be a greedy bastard.

Actually, I'm on the same boat like you mentioned, though I never bought bitcoin at that price or so, it just that I didn't sell my holdings while bitcoin was on 20k or 18k~ish thinking that it will still recover (I guess most of us had did the same). But anyway, those past will not happen again since I learned a lot from those bullrun, hope everyone should as well.

It's greediness to keep holding your tokens when price is surging, many made the mistake in last bullrun season of 2017 and after February 2018 bears attacked the market dragging every single coins and tokens to its feet, Bear market is always the best time to buy coins and build portfolio and Bull market is the best time to make gains and take profits

the key is patience, maybe if people want to learn about technical analysis they will know when the right to enter and exit the market
and always invest only what you can afford to lose

Many investors have the dream of becoming future whales and all they think is holding coins for many years, I can't say this is complete greediness, some are able to achieve their aims with last 2017 bullrun, here is what most failed to understand.

Real bullrun season comes once in a while, could take more than four years for another bull run to start so the trick is understanding the market very well, learn well to let go and learn when to buy back.

Do not really worry about the price at the moment because new high point or peak for btc will be massive but your post kind of suggests that the profit should be taken at previous high levels i think potential is much bigger now. yes there  are chances of dips and corrections as well but overall trend will remain bullish.

Don't hesitate to sell your altcoins when bull season is out and you can buy back when the bullrun is over, you will have more quantities of coins in your portfolio this way, that is if you want to stay in the game for many more years, remember that not all altcoins are good for long term hold so choose your altcoins wisely

Well, I know nowadays a lot of people are wondering whether they need to hold or sell their assets. but, what I believe is, this year is still warming up before the real bull run starts in 2021. well, but for now, I still hold onto the assets I have and believe that the price will be even higher until the end of the year.

We dont know if what happened in 2017 will happen again on next bull run or it will be the opposite. People have their own decisions, when to sell or buy. But i think if one really satisfied with his/her profit then they can sell thier coins and tell themselves  that even if the price of the coin increases after they sell, they will not regret it.

Thatis what investors should realize. Instead of holding onto their bags until their expected amount which might not happen because of their high expectation, it would be better to sell when the current price is still high. Once they get their profit even if it is not big enough, it is better than waiting again for years without the guarantee of how long they will wait.

Exactly, this is very important, learn to diversify your investment as well, divide it into long term and short term, and now we are close to the bull run, we should be ready in making the right decision. We don't know what price it will stop, but one thing is sure, it will not continue to pump one way, a correction is going to happen, probably big correction, so be ready on that as well.

If you are afraid of the market, you won't be able to make a profit on it. The secret of not falling for a bull or bear trap is to use a stop loss. If you feel like the price is still going to increase and you intend to buy, don't wait for it to decrease. As it may not. Buy some and put some stop loss if you are wary of a sudden crash. But be sure to keep the limit balanced as a high one may hit and the price rise again and if it's too low, you'll have a larger loss.

This is a hard saying. Knowing when to get in is easier than knowing when to get out. I was among those who saw the bull run of 2017 and also saw the crash that followed suit. My guess is that a fall is expected to come a year after post halving. That should be around 2022. 2021 should see more bullish move than what we currently are experiencing now. Anyone who is selling now, for me, will be selling too quick. Again, being greedy in taking profit isn't a problem but being TOO greedy is the problem.

The problem is people didn't know which position they can see that as the best position. Sometimes when you are selling your bitcoin and it goes even higher to create a new floor above your sell price.
that means if you are getting a lose too. It's a very difficult thing to determine when you must sell your coins or hold it.
The only best thing to sell some to anticipate the dump and keep the rest for the pump.

First thing is learning technical analysis it's main reason to people's repeated same mistakes and so many people don't know witch time to buy and witch time to selling . people have a good patience don't doing mistakes so many people panicked then tokens buying are selling it's the mistake this type of mistake repeated continues understand what happened were is market going witch price can buying and selling ana learn technology analysis and Market trends it's so many factors first you can learn you don't repeated mistakes

This is what I am scared of right now would it repeat how it was in 2017 would we experience again a continuous drop after it reach the peak or would it only have a short time correction and stay high and mighty.
I don't want to get my hopes too high again we already experience a huge drop from our greediness so I would be cautious this time.

Your so rude but yeah many of holders before are continue hodling their Bitcoin and forget to secured their profit before it decrease it's value thats why many people also lost that time. But I am sure this time different right now Bitcoin has much more secure movement compare to what happen in 2017 .

The only thing I think will happen is those who will buy altcoin and thinking that it will give them much higher gain but in the end they will lost thier BTC value and get less Bitcoin compare to how much they bought it .

Do you have a superior mind or a crystal ball where you can see the exact peaks and dip levels?
I do not think there is much to blame here because everyone has his own situation and financial strategy and affordability. Personally i will hold till price grows to new highs and expected peaks.

No one can predict what is going to happen obviously, if you sell and the price keep rising, will not you regret, you will certainly. However, I would be more happy to increase my portfolio volume, thus I have achievement where I will sell and how much profit I want.

There are a lot of people who got out from the market selling at the lower, I can't remember the recent lower of BTC at the moment.

Many think that bitcoin will reach a value of over $ 20k, that therapy is just speculation, we don't really know the future price.
 But I myself predict the bitcoin price will be over $ 20k, but I don't know when that will happen

You can't blame them for keeping their altcoins and keep on hoping that the price will continue to increase. Every holders does have their own expected amount, if it was not reach, then they will not dump their coin until it was reach. Aside from that, if they don't need the money then there is no need for them to sell, and most of them are after for long term investing.

Wise traders and investors always took some of his profit from his holdings. This way they minimize their losses and lock their profits. When investing we must eliminate our emotions like greed and fear.


This bull runs nothing like 2017. This time big company involve and they will not dump their holding as investors did in 2018. Also the crypto market became more matured by this time.

Like you, I think the value of Bitcoin will exceed the record of all time. However, those who want to invest in Bitcoin should invest as much as they can bear the loss. We must remember that the value of Bitcoin became 19000 usd in 2017 and then <3000 usd.

But don't forget to be long-sighted. Don't be near-sighted. It is not greedy to hodl beyond ATH. There is reason to. Bitcoin is not just the here and the now. It is the future. Hodling for a longer term is normal if you are a true believer of Bitcoin. If you are only someone who is not a believer but just riding on the price increase then you may decide to sell when the next $20,000 per Bitcoin arrives. But if you are leaving at $20,000 then surely you don't deserve Bitcoin at $30,000, $50,000, or even $100,000.

Investor who buy their coins at lower rate before the bull run starts, always get a chance to take out their money with profit while the crash happens. But many newbies start to buy crypto while they see the bull run happening and they don't gather any idea about the dump. Finally who invest at top mark, don't get any chance to sell without loss. So many of them waits for the price recovery without selling their crypto.

There is no way to know the appropriate time of dump in crypto market. The best thing can be done is, buy anytime(not while the price dropping continuously) and sell when the price reach a bit high. But investor always wants to maximize their profit. For this, they wait without selling.

i mean, we all know that investing and trading needs patience, my friend bought bitcoin at 17k in 2018, he converted some of his tokens
but, he was impatient and sold it at 11k and took all the loss from there, but i think waiting too years is kind of a lot, i would have done the same.

All holder/investor will not have the same idea, like in this situation. If you feel bull run is over you can sell all of your asset and hold your money until the correction come and buy again. But no for me, I'm still hold my asset until my target is achived and I believe it will.

Seem like this bull run season will be different with the previous bull run. There are so many factor which can make the price all of crypto currency increasing again. Do you have a thinking like that? I mean, you have to thinking bitcoin is close to reach its all time high after the crash and reach $3500 and its all time high will be reached again then the investor will not focus to the correction that will happen.

The reason they do so much is because of greed and really don't know when to buy and sell, I also do the same as them but for now I will not repeat the same mistakes in 2017

This is a very vital principle in crypto, some people will never sell their coins even when in massive profit, then watch it dump below entry. I think the essence of buying coins is making profit, hence it's wise to take profit when necessary without being overly greedy waiting for more gains. I regret holding PAZZI and not selling after it did almost 120% from my entry, later it dumped - 2x below my entry so now I'm a bag holder. The only coin I can hold long term without having a second thought is BTC.

It's an ideal situation if a trader actually knows when to enter and when exit, I've been in crytpo for last 3 years and I'm actually too bad at deciding this I lost many times I entered many times when a coin is already at it's peak so I stuck in downtrend, But I've learned over the time .and still learning

sometimes people just feel sorry when they sell the asset and see the price go higher. and I began to wonder what happens when someone is like that. because when he intends to sell of course their psychology is really healthy to do it, it's because they have clearly made a profit and chose to exit the market. if you are lucky with the expected plan why should you regret not getting more?

Sometimes our greediness could bring us to more losses which we'll only regret in the future. I have learned from the last bull run that we should know how to put limits and sell when we have reached our target goal. Aiming for better profit isn't bad but we should be mindful of what we're risking as well.

Your suggestions is good but you guys should not worry if the prices reaches 50k after you sold the cryptocurrency which is very mich possible but highly unpredictable. No one is stopping from selling but its your money so you need to set your profit margins and take decisions depending on the market condition.

The case is very different from what you say, when the bear is attacking,  people dare not build their portfolios, for fear that the bears would make them suffer even more. Now the bull has come, few people can benefit from the bullrun, the rest are losers who get nothing.

There are many speculations on the internet about crypto mooning to 2021 and probably hitting 100k but nothing is certain in this space, even if Bitcoin reach that high there will always be more opportunities to make profits in crypto space, holding and not taking profits is like a punishment to me, I've done this in the past and it never favours me, not until I break the chain na start using my head.

I'm sorry dude, but not all holders who made a long term holding a coins are greedy. You can't blame them if they hold a coin for a years.
Because as long as your not selling it, that means your not yet lost. Due to there are other long term holders are ready to hold their coins even how many years it is.

It can be hard to believe but it's true, some holders don't really care much about taking profits, they intentionally leave their coins in their wallets even when they are surging very high, there are some bitcoin addresses that holds more than 1000 bitcoin for years without moving them to exchanges and there private keys are safe with their owners, you must have come across some trackers that alerts people when whales move bitcoin or other coins from long time holding wallet address

choose the right altcoins to invest before too late, wich mean only drop our money in solid altcoins project, not shitcoins
because in my opinion altseason on its way now

Investing and trading don't work the same for everyone. Most of the time it's one person getting a profit in expense of others. There's nothing bitcoin actually produce but it's value is solely determined by a person buying coin from other. If the person selling sells it for more than what he bought with (equipment and electricity cost of miners) than he made a profit but if he sells at lower, he'll incur loss. For everyone to profit, the price should go on increasing constantly throughout the time but it isn't. So we can say that some are having losses on crypto so that others make money.

2017, many made mistakes because Bitcoin is called a bubble, and it is very clear that Fomo is visible,
but in 2020, the increase in bitcoin is not only because of Fomo but because cryptocurrencies are widely used by institutions,
if you look at the news, many institutions are buying bitcoin.

Bitcoin and altcoins reaching a new ATH isn't the only way to make profit in crypto space, if you are smart you can make profits even in bear market, have it in mind that this bullish trend won't keep up for long, bears will attack the market sooner or later, have a price aim in mind and once you get there pull out your profit

As far as I can see, continuing to hold is also a wise decision.  Bitcoin halving is an advantage for the upcoming bull run, but what's even more special is that there are a lot of major tech financial funds already involved in holding Bitcoin.  They certainly saw the potential future of Bitcoin so they bought and held it all at once.  It is possible that this year or the Q1 of next year, the price of Bitcoin will break ATH $ 20k and grow to $ 30k.  Meanwhile, those who hold $ 20k also have 50% profit. ;)

what is best to do is just sell the BTC while the price is still good and wait til it price hits the bottom. you just got to be in the forum to ask people of the speculations, most of the users will always give their opinions as to what could happen prices. timing though can be hard to do but as long as you profited and buy back at the right price, youre good. to me as long as i profit its fine.

what is clear, public trust in cryptocurrency, especially bitcoin is increasing at this time. We know the adoption of PayPal is quite surprising and this is often called a quite extraordinary achievement. Although there are many pros and cons, the fact that bitcoin provides an effective solution for today's finances, with a combination of technology that is in line with the times, makes bitcoin effective not only as an alternative payment but also a profitable trading commodity and promising investment. But high risk.

There must be people like you mentioned above because they are usually comes late.
The later you come, the more risk will be taken cause there is no guarantee that the bull market will continue to run.
The late comer should watch the price in the market. When it downs too much, they should sell the coins and leave before they loss too much.

It's confusing.
Sell altcoin for Bitcoin or just keep the altcoin?
What is the real mistake that happened 3 years ago?

They tried to ride the boat.
It's normal kind of reaction when you are a buyer. Jump in and then maybe make a little profit out of the pump.
Or, just stay with your alts and wait for the market to go back when they had enough profit with Bitcoin.

There is a bad story though. Some alts will not rise from the dead. They stay six feet under.

It's greediness to continue holding your tokens when price is pumping, many committed the error in last bullrun in late 2017 and after February 2018 bears assaulted the market dragging each and every coins and tokens to its feet, Bear market is consistently the best an ideal opportunity to purchase coins and construct portfolio and Bull market is the best an ideal opportunity to make gains and take benefits

Selling altcoins to cash out, I think that's what OP meant because in his statement too, there are investors who bought bitcoin at $20k and now are still force to hold waiting for bitcoin to rise higher than that price.

Selling at the right time, not too greedy so we can be profitable, that's pretty it.



I had, that's why I also know the feeling, I sold some of my bitcoin to altcoins and cash out the rest of my bitcoins.. the reason is simple, during that time, altcoins was more profitable that bitcoin but I did not see the other side as I was greedy with my higher goal of profit, but then when it starts to dump, I was hesitant to sell because of the HODL!!!!!.

everyone is old enough for this. I'm sure they won't repeat the same mistakes as last 2017. but what concerns me is those who are just starting to invest, I'm sure they are currently trapped in FOMO.

Those who are trap before should know when to exit this time and know if the trend will continue or not because you might miss the opportunity again to sell your bitcoin and secure at least your capital.

Learn from those mistakes and remember that Bitcoin will always go up and down so since we are on uptrend, expect that in due time the price of Bitcoin will go down again, so make your decision now and set your goals.

yeah, that's right. I know a friend who purchase bitcoin on 2017 when the price is more than 18k but regrets the decision when BTC falls in the first quarter of 2018. He ask me not to invest in bitcoin. lol

For the people who are invested to the the year 2017 when the value is very high which is 20k dollars they have chances now to recover their loses but if they want to get some profit they will get that but they need to wait more to pump the value. The mistakes that will do is we are sold the bitcoin they have so the price dump very high and we are the one who do mistakes.

I think tjis is interesting and relates well to me, i saw my progress/portfolio reduce to zero because I was expecting more coins at a dollar, am changed now, i don't hesitate in taking profits. But also then I did not under TA and FA, But hey its a new era all for me now

The very mistake that being taking place is when you buy high then sell it with low value, you have to first realized that what you are investing with do have realy potentials, so you don't need to keep chasing when some pumped or dumped take palce, instead you are
just waiting for your target price.

Don't allow mistake to happen again, work out with your knowledge and don't chase the things that you are not really familiar,
keep learning and it will avoid making mistake that will cause you to lose your investment.

Yes, it is right. People tend to forget the last mistake or their mistake in the past, and they back to make the same mistake in the future. But the situations and the mistake will not be the same. As long as you can always be careful in making decisions and still learn and know about the risk and try to minimize the risk, I think you will not make the same mistake. After we made a mistake, we will have the experience, so we don't make the same mistake. If we can learn from the mistake, that can improve or add more experience and knowledge to us, so we know how to prevent the other mistake. Making a mistake in trading is normal, but we can learn from that mistake the biggest thing that we should concern about.

I also at the same boat, I keep holding my coins instead of selling it from the hopes of it will be the next bitcoin but look what if became right now only shitcoin. I regret always like that, cant really predict the lifespan of bullrun so I immediately sell my tokens if I see a hefty amount of profit and if the project is shady.

I look at it a bit differently, people who invested in 2017 are still going to get some profit by the end of this bull run so if they had sold the coins at the ATH of that time they would have not profited. Also there is a good chance that the price might not get pummeled.

Yeah, in case it drops this time again it might be a sadge moment for investors. I don't know how to react because this situation is really difficult as an investor and I also hold some bitcoins so I am in the dilemma whether I should hold and be with the hype or just cash and enjoy the profits. I am at least going to hold until the next year though and then see how it goes.

Well it is not a mistake because that is Greediness,They seek for more when they already have good enough.
If you are a Good trader you don't need to keep that long holding,since you can just let lose for one and gain for other trade specially altcoin that fast moving in terms of value.

For those who didn't experienced the crazy rally in the year 2017, make sure that you should do a backtesting wherein try to study the chart and the price action in that year. You should also learn from the mistakes of the other people who lose a lot of opportunities in that year because I'm one of those people who control by my own greed where I did not manage to sell my altcoins even though it is in all time high. I thought that my token will increase more and the reality is really different from my expectations because suddenly the bear market appeared and I incurred huge losses.

For me the problem is:

Why are people buying at High prices, but you didnt buy when the price was low??

It doesnt matter if they are cryptos, or stocks. If you buy at high prices, you will have a crash 90% of the cases.

So, If I were new here, i will wait to see a big correction, or at least dont put all my money at this prices maybe 30%.

If you buy at low prices, It doesnt matter if they go down again, and again. Holding for long term is the best (and relaxed) strategy :)

The point is don't make decisions just because of what you believe without constantly monitoring the price chart. especially don't get carried away by the hype out there, because some peoples will deliberately spread the hype to take advantage from that.
But don't be sorry if it turns out that the bitcoin price is much higher after some corrections ahead ;D

making that kind of mistake again now will be too grave, i Hodl a whole lot of shit coins just following hypes and signals then some fake investors' comments also played a huge role in confusing us into buying into these projects. i look at those coins now and shudder, what was i thinking?

I already learned my lessons back in 2017 when I had alts worth of 18K USD and didn't sell a single coin... I got all the coins for free from airdrops tho, but it's still a considerable amount of money that I missed on. However, I knew that there would be more bull run in the future and look what happens now? BTC back at 18k-19k mark and this time I'm slowly emptying my bags, hoping for the dip so I can buy again :)

I don't really want to commit the same mistake I have done the last year 2017 that I keep buying bitcoins while it continuously increasing its price, and later on, it suddenly goes down that instead of earning profit I have a considerable amount of losses. Good thing that I still hold 70% of my bitcoins from 2017 that I already now recover all of the losses because of the current bull run.

for me personally I am still waiting for the right time to sell, not because of greed, even though if I sell at the current price I have made a good profit with BTC. however because I am confident that bitcoin can break up to $ 19k, I have a goal of selling it. a minute and wait.

But how do you find the right time sell? The 2017 bullrun was fueled by the ICO hype but now ... This times looks different. More positive news from outside of the crypto world that hint to a much wider adoption. I think we are just seeing the beginning of the bullrun and it will go much higher than 2017/18. And I don't expect such a massive dump afterwards.

I think, it is a 50-50 game. One mistake most of the investors frequently make is that they make decisions based on what they hear from others. They don't do their own researches. Some don't even read the whitepapers of these projects. It is essential to know where are you going to invest your precious earnings. Some projects may perform at the beginning. Some may perform after a period of time. Others may not perform at all. So that is the risk involved in this arena. It is your money, your own decision and you have to deal with your own risk.

So, you are suggesting people not to buy bitcoins right now because the price is already high? That is kind of a stupid thing to suggest. I mean, how do you know that this is the peak price before it starts to crash? What if it rises more? If you stop people from buying, then there will be less buy volume when compared to sell volume. This is turn will cause the price to crash. I would rather suggest people to invest as long as they can afford to suffer a loss. Though they should keep in mind that the prices may crash and make sure that the crash won't affect them.
But yeah, don't go investing because you of FOMO or greed. That won't end well.

Bet you that thousands will still make same mistake as of old (the 2017 scenario still fresh in our minds and can't afford another), their greediness will make them blind toward the pit that will come with this bullish moment in cryptocurrency.  I often said this, the ultimate goal for everyone in this industry is for us to make profit from our holdings or in our trades, but some holders and traders won't take profit until the chat turn downward or some miss out of their profits entirely. Take profit and wait for good point to enter into the market again is the best approach.

I am also afraid that all those people who bought bitcoin for $ 20,000 in 2017 will start selling it now, thereby bringing down the market. Hopefully they don’t do it and let Bitcoin grow to $ 30,000. But I myself have already set stop losses just in case.

Can't really blame them for not selling at that moment. They might have a better reason since not all of them needed the money at that time. Another bull run is incoming so this might be another great opportunity to sell their Alternate Cryptocurrencies and gain their profit for this time of the year. It would also be great to join new Alternate Cryptocurrency campaigns since some of them got promising platforms.

We have learned a lot from the past where the crypto market collapse and we know it can happen anytime so the adjustment we have done into the previous years in crypto is the one of the best impact that we can carry to new year of crypto which is being in process to rise again.

Don't ever be afraid of it, because basically they also want to take advantage of this very good moment and will not be willing to just release Bitcoin into the market, because they also want to gain as much profit as possible through the coins they have had for a long time.

Even we have to change our mindset it's not like every time market behaves the same way even we can't predict this time bull run span of time will be short. I would say nobody can predict this but one should not be greedy he should sell or exit its trades when in good profit So be sensible while holding do not be greedy this time.

if you still hold Bitcoin they will not sell it until the price returns to ATH,
and we have seen $ 19k, of course this is a good thing, if you are still holding it should be slow to sell it,
because we don't know what will happen next.

For sure holding shit coins is the worst feeling and looking back we always feel like why the duck we invested so much into these fake projects but while investing we were lost in the project and felt like it will be the next Bitcoin.

I am not an analyst by any means but if the market signals are to be trusted this bull run might continue for a long time and at least half way into the year 2021 we might be seeing this continue. But if you are too scared when price drops, you can sell now because nothing is guaranteed in this market.

2017 was a sudden growth but this time it has taken some serious time and I think the price is going to stick.

Not everyone has thoughts like you, and even many of these people have never even realized to learned from the experiences that have happened so that in the end they will return to the same hole that is a loss, this is based on the experience of some people who I have ever known in the world of crypto, and they don't seem to feel deterred by every loss that has occurred due to greed for profit in trading on the market. I think the experience of the 2017/2018 season is quite a valuable experience for us to be able to control our greed and emotions in every trade we make, so we don't suffer the same losses.

People have their own reasons why they choose to hold their Altcoins at the last bull run that have happened way back year 2017 when the Bitcoin have first reached its ATH that also boosted up many Altcoins. It was all of an excitement that many people think that it will just keep going and when the bear market enters have their full hope that they can still be able to recover what they have loss by keep on holding. It is not greed or ignorance on that part because it was just the first time that it have happened and many people are still adjustimg on that time. It is just so happen that we must learn from that phase and once it have happened again we must do know when to exit and get profit while we still can. Also, be picky on the coins you hold for not all are worth for holding for too long.

Einstein once said stupidity is doing the same thing over and over again and expecting different results. Unfortunately we have a lot of stupid people in crypto world who checks the past and expects the same thing but shocked when there are different results. Market is not what Einstein meant, just because same thing happens doesn't mean same consequences will trigger neither and you may get different results from same thing in a crypto market.

If you did something and you think it was a mistake, check what was the mistake, some people buy a coin, it drops and they swear they will never buy that coin again, but they check a year later and that coin is above where they bought it and could have been profitable if they hold. The mistake there wasn't buying that coin, it was selling early.

This is just a good call. When you are purchasing any digital asset for the purpose of trading, you should know your entry and exit point unless you are holding for years and not want to become a regular trader.

"Remember that some bought bitcoin at 20k and they have no choice but to hold till today, imagine all this year's waiting just to get back to where you once are. Bitcoin is over 18k now, good for them cos they are near recovery since 2017."

Previously, Bitcoin was a speculative instrument, today it is a defense against inflation.
Many businessmen hedge their assets with Bitcoin. We are in a different reality.

Those who still hold it, of course, have to hold first in order to get multiple profits, because until now Bitcoin still looks very good to hold and there are no signs other than to reach its ATH as it has happened in the past.

this is true, we dont know what it will be. the one that we need to do is, dont take profit too much, and dont hesitate to cut your loss. So you will not be regret later  ;D

There is always a perfect time to let go, sell your altcoins take your profit and wait for another bear season to buy back if you want, the mistake many people are making is they don't have an actual target, they probably don't know what they want so while their altcoins are pumping they will just sit back and keep watching, wanting the pumps to keep growing

If you have previously invested your money in crypto then you can determine when the time is right to exit, my advice is not to be too greedy. if you think you have been able to return the initial capital or even have passed the percentage of more profits, then sell immediately. but if you are sure, then hold on.

There is no doubt that very soon Bitcoin price will be higher than $20,000, but that is not the main question. So what will happen next? The price can easily fly away by 30,000, but the option with correction to 12k is also possible.

We cannot easily avoid mistakes, there will be new mistakes,
especially in the current bullish situation, there must be many who make mistakes buying at peak prices,

The thing that baffled me was that some hodler who had made 10X profit refuse to sell due to greediness until when the massive dumping occurred thus they lamented and tagged cryptos with all sort of names, honestly the price of cryptos is unpredictable I remembered vividly during the last ATH speculations was going round that the cryptosphere that bitcoin will reach $50K many believed unfortunately the bear took over the market and and the rest is history, I believe many hodlers had learnt some lessons.

Why am I still holding? Cause there's nothing much to cash out for anyway. I might be called a greedy ones but I don't really mind that much how the market goes when I don't need to do anything anyway. Although what I would usually do is buy and buy at small portions.
When you buy it, it's all yours as long as you have it.
When you sell it, it's gone from your hands. Gone in the code.
Don't tell all people what to do, because some have strategies.

Your analysis about the bull and bear trend is pretty cool.

People or investors that loose in this space are mainly does that want a continuous surge in price.

The market does not work that way.... When there is a surge, that's a sign of an imminent decline.

Looks like the target market as well as the needs of the owners and buyers is what seems to be happening. of course, these factors are also influencing the current bull run conditions. This means that the level of confidence in these assets is still high even though it is very volatile. My opinion is always to monitor data and information along with factors that affect the price if you want to be one of the winners.

If you want to continue succeeding better to keep monitoring the market, from there you'll be able to manage what particular strategy to use

in order to work on your advantages, never to just assume but always base your decision with your deep analysis. You can keep on enhancing

if you are willing to free up space and accept adjustments.

"know when to get in and when to get out", that is just the right word, going by what i experienced in 2017/18 bull season. there are some of those coins I bought then that I'm still hodling now. but my fear now is to not get out of the party too early, as much as i want to control greed.

I agree with that. You can think about it like you are making bets. If you have a winning streak, you will probably be willing to play more. You need to control yourself in that situation. If you lose the control, it can turn into something bad.

I dont get it.
At the first statement uou said about holding alt coin and the second statement you talk about bitcoin.

People have to understand
1. Alt coin project is still a very speculative project ( 2 succeed 8 failed )
2. Holding altcoin in the long run could put you at the very high risk and also give you very good yield ( if the project succed )
3. Bit coin is always going up ( my opinion ) it is designed to change world financial system.

Now, i hope you can make a decision how to do with your altcoin investment and bitcoin investment.

I know so many people who hold altcoins until now. All believe that all Altcoins season will come. Now I think we shouldn't make the same mistakes because we know only legit altcoins season will come. It's been a while since I've been here, but I couldn't see any single altcoins holding bullrun for a long time. Smart investors don't accept new coins easily.

Making the right choice, sometimes creates a dilemma. But if this is the perfect time to sell, why not? rather than regretting it when prices suddenly drop. So be wise to make buying and selling decisions

If you have ever had a lot of tokens which in the end don't provide any benefits then it should be used as a lesson for you and still have to work as much as possible to stay afloat and try to get more tokens by participating in the bounty campaign. at least you can get a token without having to buy it.

Every year has its own attributes, but from the look of things 2021 should be year if bullrun.Putting ones expectation can also put the investment at a loss because when the right time comes you will still expect it to go a bit higher.Too high expectations may leads to greed.

Those who bought bitcoin at $20K in 2017 and still survive to this day have already made a recovery and profit,
as the price of bitcoin today is $23.xx. Maybe that’s enough for those who aren’t greedy and learn from the history of 2017.
But even this ongoing new ATH opportunity makes many of them also become greedy for more profit,  if the current profits
it does not satisfy them, that is the nature of human who is insatiable.

thank you for reminding everyone not to make the same mistakes as in 2017, I have done that on the current bull run, I have sold half of my portfolio and will keep holding it for a higher price

In terms of strategy I think that each person who has seen bullrun in 2017 has managed it, but for those who have never seen a bullrun in 2017, it will be very difficult to understand how the bullrun will go and to what extent it will last, so I really applaud you when you have taken advantage of your portfolio even if only half of it.

well, it took 3 years for bitcoin prices to return to ATH, and get even higher than that. however, people who are patient with holding their bitcoins without being exposed to FOMO, etc., seem to be breathing well for now. only, that 3 years was not a short time, and long enough. however, currently only bitcoin has reached a new ATH, and this is not the case for altcoins. Yeah, but I feel that quite a number of people are still traumatized buying at such high prices. Well, the advice I am giving, don't buy at high prices if you are easily swayed by negative news.

No my friend, we are now is still at end of 2016, it is now just starting bullish phase, we will see many bullish month at 2021, and remember, when 2016 litecoin did not halving yet. Now litecoin after halving also bitcoin thats why we will see massive bullish 2021

Profit is profit, realized profit is better than an opportunity loss. A lot of people were left at the peak last ATH for holding their investment for too long. At some point, you will have to sell and gather your profit our you will lose that opportunity and wait for a few years again. Always set a certain price where to sell. Do not regret for selling too soon.

Greediness makes people lose money because they do not consider the fact that the value of any currency may change rapidly and it takes a long time for it to reach its sweet spot again. They have been so comfortable in letting their money at stake because they know at somepoint it will become plenty again. In my case, I'd rather lose just 10% of my money than losing half of it. Also, we need to consider the current statuses of the coins before investing and withdrawing so that we have a chance to gain profit.

Quite right, it is unnecessary to hold your cryptocurrencies and hope that the growth of your cryptocurrencies will continue for a very long time, so you always need to have time to sell your cryptocurrencies and get a profit, because the growth of cryptocurrencies can end at any moment and then you will not have time to sell your cryptocurrencies.

The mistake that people make is to always think that whenever there is price increase that it will happen continuously which is not so. Another thing is the greed aspect. Anyone who has been bitten once will have learnt to know when to act.

In case you're perplexed of the advertise, you won't be able to create a benefit on it. The mystery of not falling for a bull or bear trap is to use a halt misfortune. On the off chance that you're feeling just like the cost is still planning to increment and you proposed to purchase, do not hold up for it to diminish. Because it may not. Purchase a few and put a few halt misfortune in case you're watchful of a sudden crash. But be beyond any doubt to keep the restrain adjusted as a tall one may hit and the cost rise once more and in the event that it's as well moo, you'll have a bigger misfortune.

Greed is a very bad emotion when trading and investing. It tends to give us wrong signals and cloud our judgements in general. Listening to greed will likely make us lose more money than we gain. However we shouldn't forget that trading directly the ATH or lowest point in 52 week is very hard to do. Only a few lucky investor can pull that off. In my opinion we shouldn't try to aim for such perfection. It's alright to leave some money on the table as long as we are making a profit.

Being a "greedy bastard" is normal buddy, what the hell would you tell the people who bought Bitcoin in 2011? would you tell them the same expression? you'll be giving them respectful comments and words lmao. Just let everyone do whatever they want, it's not our job to judge but just to raise the awareness of these people. What will happen if the btc goes to 500k$ in the future? Will you be happy for the guys who bought now and are staying greedy? lol.

As we continue here in the forum or here in the crypto world, we will encounter lots of mistakes that will surely be detrimental to our journey. As we experience it, we may loose lots of money which will be memorable for us and as we suffer, we should make sure that we learn for every mistake we make. If you would't take most lf it as a lesson learned, you won't be able to move forward and make progress. Many people get stucked in that system wherein instead of earning, they end up experiencing more and more loss. Be better every wrong decisions, stop repeating the same mistakes.

Have you sold already following the comment you make here not to be caught like those who made the mistake of holding in 2017? But bitcoin has surpassed its 2017 record and still rising. Nobody knows where the crash for this time will happen but there are still traders buying at this current rising prices. Should people stop buying now. Is that the advice?

You have spoken well but one thing you should note is that many of us here are long time holder or investors who can decide to keep his coin for a specific rang of time no matter the bearish or bullish. While in short term any moves or changes can easily make them sell off their investment.
In this aspect non is greedy!

Being greedy is mostly the cause why we end up losing from our investments. I think everyone here has experienced losing because of greed. The present bitcoin market is bullish again and if we don't want to repeat the same mistake and lose again, it's better to start selling now before the price gets dump without us knowing. It's a matter of being a smart investor, know when to get in and exit in trading or even in holding your coins.

In year 2017, crypto was nothing but a bubble that used to played by big whales.but in year 2020, it has own value due to it already spread worldwide.and it isn't necessary that profit have to make by only bullish trend.its possible to make profit during bearish market too.just need to find out the way for it.but if you can't, then better to sold your assest right now

Sometimes being too greedy do really pays off but in the sense that you had waited for more price pump and eventually you do able to take your profits out but if you do wait up
until the price had declined then you hadnt just make use of that greed in a good way.Its impossible for us humans to neglect nor ignore when it comes to money profit making.
We do have always mind that we might able to get rich nor make big money out of our investment which will result into those actions which will really be the reason on why you do commit mistake.
Even if you do say on dont repeat the same mistakes but due to imperfections and unpredictability in the market then this thing is really impossible to avoid on.

2017 is just a hype manipulated by whales, FUDs, it is very unlikely how the market behaves this time. What I observe now is that people are still confident that we will keep on the go. We are expecting that altcoins will follow the trend as what Bitcoin showed to us.

If I am holding cryptos right, I shouldn't have the doubt to sell it. The real-talk here is that a lot of people are selling their altcoins but also, there a lot of people still buying which makes the market still stable and never sees the dumping scenarios.

totally agree but still altcoin did not show the boom i mean look at the top 100 coin that listed on coinmarketcap is all down fully red market people want to make profit now so they are keep buying in deep because they believe that this top 100 coin will make big profit but is it for guaranteed to see the same cycle again?

First, most times it is easy to get into a coin and when it is surging and you are seeing the gains, it might be hard letting go, but if one can fight that urge of greed, the person will always be on the better end, but sometimes many people will hold, will not take profit and will be having imaginary ideas without knowing the market have a mind of its own and can't be predicted. Also, holding most coins for long term depends on the type of coin, Bitcoin for example after a very long term passed its ATH and set a new price, so anyone holding since then will be in a good profit, however as for some altcoins, once in profit, just sell.

Very true, maybe most of these people sound like fear, even for those who like challenges this is a cliff that must be conquered. I very often make mistakes when making an investment, but I managed to get through it all because I have a lot of experience.

I don't know if it's wrong to be greedy, but I think it's with every human being. in this thread, it is said that quite a lot bought bitcoin price when it was $ 20k, and held it to this day, and today, bitcoin price is higher than its ATH. besides, how about for people who have that trait to buy it in 2019? at that time the price of bitcoin was still quite cheap, and if they had held it, for now, they would have become rich.
however, it all comes down to a point of view, and every decision taken in the cryptocurrency world carries a risk. being greedy is fine, it can make you target big things, and if you fail, you can learn from that. just do it to the capacity you can afford.

Just do it as long as you have proper understanding within every trends that may take place.

No need to worry about your decision as experienced will guide you thru, it's normal for people to have greed inside them, there are times
that instead of selling or closing your position, you desiring to have more and failed when the market  dumped down, you lose your opportunities and only regret will follow you around.

Nice advise why they should wait for a little increase when they can earn huge already? Being greedy is one of the big mistake that will going to take place that cab result to regret. Well that is their choice if the current market will not get them satisfied before selling their bitcoin or any altcoin. In my case I rather secure profit than waiting for more like a greedy crocodile.

That was what I told myself few months ago when I'm supposed to sell a coin and I decided to keep for some time hoping it will go up and cash out big on it. Only to found out that the price of the coin has reduced to almost nothing. A coin that worth around $350, now way below $5. It saddens my heart. And I still regret it till today, I wish have sold it immediately. Only few coins these days has what it takes to bull. So let's be always careful while trying to keep any coin, cause with might end up missing out on an opportunity.

Indeed, each of us must independently decide how to deal with our coins and tokens. However, in general, I also agree that in order to increase profits, you need not just holding the cryptocurrency, but at least periodically trading them. But not everyone has sufficient knowledge of the cryptocurrency market and free time. Sometimes a cryptocurrency is stored in a wallet for a long time just because there is not enough time to devote sufficient attention to it.

Yes, mistakes in small sizes are very valuable lessons and will make someone motivated to seek more knowledge so that he will not repeat the same mistakes, but if a big mistake, I think that someone will be a little difficult to get back up even though they still can, because he will not only experience loss of assets, but will also lose his enthusiasm for it.

Learn from your mistakes whether it's big or small, that's the only way to survive and to succeed in the crypto space.
Now that the market is already bullish, I'm sure there are people who are still aiming for more, if we learn from our mistakes or the mistakes of other people, we should be smart to do the right decision, and that is to ensure our greediness will not take over, sell now and take profit and wait for the next dip.

Ofcourse motivation is very important, but buying at an already high price is still not a wise decision unless you have a careful plan or use it to day trade with definite goals. the most important thing is not to be greedy and do everything with a plan

I beginning to have a rethink about the whole move3of this market, its purely base on fundamental and adoption by institutional investors, take it or live it but I don't see bitcoin dumping like that period of ICOs when things were so bad with huge magnitude of project and no direction.
I was watching how PayPal CEO was been interviewed by Famous media channels such as CNN and ICNBC, I was wowed and I concluded why this market will keep pushing until a certain point where correction will set in which definitely wil be a healthier one.
This re my opinion and I believe bitcoin will grow more in value before it drops down though altcoins lagging behind  :'(

I totally agree with your thoughts. I made huge mistakes in the 2017 crisis. I always thought the value of altcoins would rise and I was greedy. Now, we should all make smarter choices with these experiences  :(

If we all learn our mistakes from the last Bullrun, I would say that the market will never be like this as probably most of us will sell our coins right now. But what I saw is that most of us are still believing that altcoins will surge together with Bitcoin. They keep thinking altcoins season will come soon and holding them is the only way to make good money rather than to sell it now. Well, I hope this will come true and worthy of their wait.

The worst thing about my mistakes is that I thought if I trade with great leverage I can get my money back but by doing so I reached the bottom and now, realizing this, I try to rise from it. However, all this experience helped me stifle my greed a little.

even i hold btc and some altcoin when those were on the peak in 2017. Although i sold those later! Because i hadn't found enough possibility that can ensure me that those might be hit upto the peak price again.but that time i was newbie, so i ain't going to run the same mistake again.i had some amount of btc and altcoin, that already converted to usdt.cause altcoins are so risky now.they didn't follow bitcoin bullish market, but now following the bearish, which may an embarrassing situation for crytpo users

I think moving on would be the right thing to do, can't tell if it will recover especially if its value are very cheap now, so better accept early that it's the way altcoins are working, even one of the biggest altcoins in the market is facing a problem now, you know what I'm talking, right?

When investing in altcoins, I suggest to also learn how to diversify, make sure big portion is allocated on bitcoin investment.

Lol Op, greedy bastard?  :D
I think they have waited long enough which is why their patience is paying them off. If they would have listened to you and sold at 18k, I will call them the real bastards. Btc did 50% more than your desired 18k selling price and it is not retail investor alone but the whole group of institutions is behind this, institutional money is behind this pump and you will never understand the importance and power of holding.

Once you've done a mistake, make sure that you learned something from it because it can help you in the near future. Learning from your mistake is one of the best lesson that this business is teaching us because if you keep repeating such mistakes, it leads you to lost everyting you have.

All what you experienced are normal lessons, I believe many crypto investors of today did same mistakes, if you don't make such mistake you won't know the difference today, believe me you are one step ahead of those who haven't learn yet, those who are too greed will always learn the hard way, my life start getting meaningful when I started getting satisfied with what i make from any projects I invested money on

We are here to be successful and it will not happen if we make the same mistakes over and over again. I guess what OP would like to emphasized is that greediness has no room for success in our life, we need to be contented, be objective and know when the right time to cash out for profit.

I appreciate you. Maximum coin holder seems their coin will pump than the present moment, as a result, the coin value does pump but on the other hand, BTC is creating a record in the current situation. It has touched $ 40k + and some blockchain traders decided the coin will be held again. But I suggest don't hold it again. Because maximum time the pumped coin cannot stay with its price.

Long term holding is good mostly when you are able to buy low especially in a bear season. Also you will be forced to hold for long term if you bought high and you don't want to sell low. It all depends on what you like to do or what you can accommodate, however it's more better to buy low and hold for long term, taking profits at the due time without greed.

I agree that the bear season will definitely last longer than the bull season, so if we already get profit from the coins we HODL, it should be
sold immediately. Don't delay it to get a bigger profit. Greed will only make us miss the opportunity to get profit. I think it's better to get
a small profit but repeatedly, rather than getting a big profit but having to wait a long time.

indeed, so many people don't know when the right time to exit the market, because a lot of them gecome greedy, when see the price growing up
and they will regret when the price down really hard, because they don't sell their assets when the price in the TOP
i think the best idea is by setting up some realistic profit target when we hold any kind of cryptocurrency

That's a useful insight, and one we should remind ourselves of at these times.
I agree. The biggest difficulty can be when you know you should sell. The bull run won't be forever, so it is more important to get out with the little profit we can generate before getting into the teeth of the market. Though, greed can play a major role...

We all want to earn as high as possible but for aiming such, we forget to value the current profit that we might get if ever we sell. But because we are refraining fom selling to see how much the price can go, we didnt notice its too late because the price already drop unexpectedly.

Dont buy a coin at peak price and be contented for the profit you have (regardless how much is it) and dont be greedy. These two things are important when it comes to investing in crypto. Learn from the past mistakes and move forward as an experienced trader/investor.

If they make a mistake in that year for sure they already grow or they have chances that they are chances that can able to avoid it because they already have experienced and it's really better to not do it again because it will result losing money that is not good for you. But sometimes the mistakes is not we want to happen because if it's gonna happen it will going to happen like crashing value of the bitcoin.

Don't be too greedy like what the OP has been posted and he put a significance through it by putting "greedy bastard" and I agree with what he said though.

Having a plan of target selling price and target cut loss would help you. What's worse is that there are some people who did the same mistake once and unfortunately did it again for the second time :D.
In short, having a selling price and cut loss price is the key :D.

It always start with some people and it always ends with some people, there is no way to turn this around, some people will surely be trapped in every bullrun cycle, those who can't wait for another bull season will have to take their losses, many still don't get it that bull season is a bad time to buy

The mistake is already being repeated and will keep being like that. A lot of people joined the Bitcoin holding at $40,000 thinking the rise price would be heading to $50,000 but we can all see how market turns to be. Some have been holding Bitcoin since when it was $7,000 last year but their greed to make more profits didn't allow them to release it. Most of them have lost $8,000 on each Bitcoin they hold now base on the ATH and the current price.

Yup correctly said,now also many people are investing in the token which are near about its ath or had broken its ath.
May they will earn good profit but it's too risky also..

I don't think a lot of people came in at $40k, most of it was from between 30-35k, talking about individuals who finally got in after waiting for years on the sidelines. So now we have a lot of people sweating hoping for that 40k, rather than looking to get more in at that price.

Can't imagine anyone holding at loss now.

Look around you, some people re already in loss because they invested in bitcoin at 47k, they simply thought bitcoin will grow over 50k probably, this is what I hate about buying coins when they are pumping, it's always a bad move, you can only tell the difference once you get caught

thats right, because if we don't want to fall in the same mistakes we must learn from the past mistakes
and remember to learn about how to manage the risk in our investment my friend
regards

Really your predictions has come to reality because looking at the current price of bitcoin now is above the predictions you made, so it's obvious that bitcoin will keeping on going up instead of coming down to the initial values in 2020 - June and September which is approximately ten thousands (10k) and nine thousand (9k)  so due to it's increments it's very clear that it will reach like 80k in the next two years or three years now,  so based on Op, is good to make a mistaks like twice so that we shall use it as a lesson in terms storing or holding any cryptocurrency for long time before selling out.

nobody want to repeat same mistake, but we actually can't make the prediction always right.
because market is unpredictable, for some reason we will always do the same mistake, because when in that situation we can think clearly.

They wont really able to realize if they wont able to commit or experience those kind of mistakes which are pretty common into this market.Dont repeat the same mistakes?
Its really easy to say but it is really hard to follow basing on the current market condition.You cant just hold nor be willing to wait up for definite time just for you to break even.
For those who do able to held up for how many years then thats really quite a challenging thing for someone to hold this long before they do able to break even but mostly will
really be selling off their assets in earlier time and then accumulate when its cheap and trying to recover basing off on the profit that they had made.

Ha actually. If you become greedy you have to face loss. Because its crypto. Anything can happen. Set your goals when to buy and when to sell. When you will reach the goal do as per plan. Don't be greedy.
Something is better than nothing.
So understand the facts properly.

But how would you locate the correct time to sell? The 2017 bullrun was filled by the ICO hype but this occasions appears to be unique. More sure news from outside of the crypto world that clue to a lot more extensive adoption. I think we are simply seeing the start of the bullrun and it will go a lot higher than 2017/18. Furthermore, I don't expect a particularly monstrous dump thereafter.

Yeah, example people want to avoid same mistake and then sold the bitcoins at 23k because they think its already on its peak, its end bitcoin surpass it and make another ATH, they end of regret their decisions and hope they can hold longer. People are never feel enough, most of them are greedful.

Being greedy is one of the most common behavior that would surely come out in times like this.I don't really consider for it to be a mistake on selling off at 23k knowing that
it is already on past 20K ath that we had been hoping for it to be breached or broken.If someone do able to buy lower on that price then that's
already considered as a good decision.

Feeling of regret is there because as a human we do normally react or do hope on having more.We don't like to miss out opportunities to make money.
which in result into change of plans or altering on what you had made earlier.

Tendency? You would really be changing up plans and becomes desperate because emotions is already mixing up along with the process of your trades.

Surprisingly, BTC just hit its new ATH at almost 40k. ETH hit its new ATH at 1.4k. Its never too late to invest in cryptocurrency. There are a lot of people are still in doubt of it. They make it more pleasing for us crypto users to have it at a smaller price. Volume will rise sooner or later. Gotta have em.

Things are indeed shocking when the bubble popped before for BTC and made the market crash so much and even be like that for years and years thats why I aint gonna be surprise anymore if that happens to be honest but as you can see both  (BTC)  (https://trade.kucoin.com/BTC-USDT) and  (ETH)  (https://trade.kucoin.com/ETH-BTC)  but for now I think we can just enjoy the profit that its bringing, had enough already way back when I bought it at 4 digits and I can say that it will be worth holding for more time as it will be bigger and expensive.

You are saying right. We don't have to make a mistake again and again.
Don't take a trade opposite to the market trend. First observe the trend of the market. After observation then take a trade. The bearish and bullish seasons are for short terms. Mostly the market moves in a range or side ways. When market is in side ways, it is the best time for trading with low risk.

Thats why I sold mine way back before when it had its All time high as it will surely fall down because of the selling pressures in the market from the investors who are also taking profits from their investment, was gladly able to buy a lot of btc and eth and some good alts to (more on defi) which makes my bag full, Im looking forward for more investment, having beark market again is indeed a possible one

as following news on release from market and developer, investors to gains with convergence as collecting supports as preparing plan with the investment scheme with the table of trading to avoid risks on losing as securing with the good following on rules of trading plan.

Agree, its not 1 2 person mistake, but its common behaviour of human insting. So, in my opinion its better to save profit which already in front of us rather waiting something that we dont know its will happen or not.


But some news doest affect anything on market as the rumour isnt strong enough to move the price and make a hype for the bull. Sometimes its doesnt work but in most condition you can apply that strategy.

Numerous financial specialists have the fantasy about turning out to be future whales and all they believe is holding coins for a long time, I can't say this is finished covetousness, some can accomplish their points with last 2017 bullrun,here is the thing that most neglected to comprehend.Genuine bullrun season comes sometimes, could require over four years for another bull rush to begin so the stunt is understanding the market well indeed, learn well to give up and realize when to repurchase.

Learn the market and take the advanatages of calling in the right time, it's tough but very possible to anticipate what is good
for your position both long and short terms.

You need to work hard in order to understand all the factors that affects the market movement, without knowing or understanding
it will put your fund into a big risk.

Become a day trader and make small profit in the short term. You don't need to hold the coin or token for too long because if you see the profit then you can sell them and enjoy the profit. You just need to understand when the best times are to buy and sell. Remember the saying ? "only a donkey will fall into the same hole". If profit is what you are looking for, then never hold your coin or token when you have seen the profit.

Thanks for this heads up, the thing is that if you invest into BTC you are sure the price will likely going to increase in future, now of future, but do not make mistake of investing in useless tokens, most of these Altcoins will only pump ones and their price will dump forever, just go and look at the 2017/2018 projects where they are now, most of them have lost 99% of their value. Just make sure the tokens you are holding are the ones you can go to bed to go and sleep over. Have a great bull market this time

Generally people who exprianced the last biggest bull run in 2017 & did some mistakes with losing assests, will never ever going to repeat the same again cause they already learn what to do & what to avoid.moreover some will have trapped commonly most of newbie who take action due to seeing blasting price of crypto, will have trapped.in reality, they don't have proper ideas & expriance.although everyone should careful to invest

Everyone has already seen the BTC correction, as well as the BTC inspires particular confidence among investors, thus generating a price split.

This is only a good call. At the point when you are buying any crypto asset to trade, you should know your entrance and leave point except if you are holding for quite a long time and not have any desire to turn into a every day trader.

That's right, because day traders must always be able to determine entry and exit points in terms of trading, because they are always looking for the smallest amount of profit, and things like this are certainly different from token holders in the long run.

Yeah thats why long term trading alts is super risky.  You could most likely end up with the bag everyone has been selling.  Things get hot real quick in alts but when it dies its painfully quick drop.  Agreed take some if not all profit when its there.

Set a certain goal when to sell. At a certain point, you will have to take your profit or you will lose an opportunity to do so if you will keep on holding into your token. You can always buy it back when the price gets corrected or when the price dips once the bear market starts.

History always teaches us so many things, as we miss so many opportunities, but now we all have the same plans. I'm guessing that we all saw the last pump even though we will make the same mistakes. I think we should fix the sale price before that price. ATH is only available for a few days, so fix it before changing your mind.

yes , this is a good strategy, sometimes people just hoping if the price will keep move up, they forgot about corrections
then when a corrections coming, a panic will attack, and they will lose their profit, because of fear and greed

I have a requirement of 70% to hold and 30% to trade, why is that?
because cryipto system anomaly, because it goes up and down significantly according to market demand, but what I do this can't guarantee it will be profitable.

so actual)) but i have some optimistic forecasts for 2021, so i prefer to hold my alts, and even actively invest in some good defi (mostly dex projects)

there they are , there are still people who are afraid to buy a btc at the current price and these people still didnt learned yet . sure there are no 20-25k btc before but there are 3k , 8k ,10k and so on .  

what i mean is the price already growed alot before compare to where it first started . okay if they are afraid to buy btc they can go for alternative coins which prices are not that scary but they only need to be more careful if they are venturing new coins .

I’m happy to have a bull market this time, where bitcoin  going for a  new ATH  and people are  still  holding
bitcoin because they believe that bitcoin always has a new value, and we should appreciate that. But indeed
for altcoins, we should have targeted when they are pumping, immediately to take profit, because after that
altcoin will be  dumping. So it  is  better to  buy  back  at a  cheap  price to  regain  profit. It’s safer to avoid
the risk of loss.

Why should we be afraid to buy bitcoins because we know that bitcoin does not need to be doubted,
should be afraid to buy new coins because it is not certain yet,
and before buying new coins make sure we have to research first,
Of course, if we just buy, I think it is a wrong decision

when btc dominance below %30 sell everything. Its that much simple actually

There is consistently an ideal chance to give up, sell your altcoins take your benefit and sit tight for another bear season to repurchase in the event that you need, the slip-up numerous individuals are making is they don't have a real objective, they presumably don't have a clue what they need so while their altcoins are pumping they will simply pause for a moment and continue watching, needing the pumps to continue to develop. My assessment is consistently to screen information and data alongside factors that influence the price on the off chance that you need to be one of the best new crypto projects.

if u're researching, besides, did u heard smth about xsigma stablecoin dex? i checked them and it looks well-elaborated and credible

Indeed, mistakes in little sizes are truly important exercises and will make somebody inspired to look for more information so he won't rehash similar slip-ups, but if a serious slip-up, I imagine that somebody will be somewhat difficult to get back up despite the fact that they actually can, in light of the fact that he won't just experience loss of assets, but will likewise lose his energy for it

well, I'm also not sure if history will repeat itself exactly I mean of course with a different scale now bitcoin is already at 38000 and people will think it will go down for a correction while other people might have thoughts btc will still go up to maybe over 60000 and then will be major corrections.
and there will be many other predictions.
So it will be difficult to determine and if we don't do anything then we won't get anything,we must take the risk.

We cant just simply says to don't repeat the same mistakes that we have been done before because it is the nature of the human to still make some common mistakes but instead what we need to do is to avoid doing same mistakes because we've already learned enough lesson from the past that we've done. Just one more thing is that don't be greedy because greed is the one that will make you lost, if you are making profit already right now because of the Bullrun of bitcoin and ethereum then I can say that it is enough already because you've already got your profit.

i'm one of the user who kept the tokens i have like the WAVES that i thought would really keep surging because i have the feeling its the future but things aren't what it seem.  it still got a good price compare to ICO price but not what i expect. luckily i stake it for good.

when you learn that bull market is very temporary in crypto, you should watch closely the news whether which one is going to affect the bull market that could turn it over night into bear.

Keep your WAVES if you still have them, it's one of the coins that always benefits from bullish season, there is no deny that altcoin season is coming, I would advice you to hold your horses and have more patience, since the price is already down what's there to fear anymore? WAVES is still a very good altcoin

beside news, i think if we understand about technical analysis,, we will know the right time to exit from the market in any situations
usually i use a tools such as fibonacci to predict the target price, for me its very useful tool
other traders use an indicators such as RSI to know if the price already hit overbought zone to know the right sell zone
and don't be greedy

Alt which has unreasonable increase in a day is very risky to touch as you might be a victim of a pump and dump coin. If you enter at a wrong time, which usually means at their peak level, you will end up a bag holder of worthless coins if you happen not to sell it even at loss. It is different when we are talking about bitcoin. No one can easily do the pnd with btc. It is already an established market and it needs a lot of whales to manipulate the market. Whereas, for alts with small cap, they can easily be manipulated by its owners.

I dont think that the bull run happened last 2017 will happen to this on going bull run this year knowing that many big institution now are acknowledging and accepting the benefits of cryptocurrencies in the economic aspect. I will just agreed to what you have said that get profit each and every time opportunity is in your part.

We should consider the year 2017-2018 as a challenging experience for all of us especially to those who have lost their investments, therefore, we should be more vigilant of the market movement especially this year but for now, the market looks very stable and in a better position, so I think this is the time to buy more Cryptos and add more to your portfolio.

in investing you need to set targets. usually the mistake many people make is they don't have an actual target, they may not know what they want so while their altcoins are pumping they will just sit and watch, wanting the pump to keep growing. And this is important because what we need to do is, don't take too much profit, and don't hesitate to cut your losses.

Getting rid of greediness take a lots of time of practice, it's nature but it also can be learned along the way
especially if you are aiming to profits from any open opportunities that might show up. Learning from past
experienced gives you much better chance to position yourself in the right direction.

In my opinion, selling or surviving is everyone's choice. There's nothing wrong with both options. Because in crypto nothing is certain, the price of coins can change every second. For those who were selling bitcoin at the time (2017) they were already making a profit as expected. Those who survive, may be a bit disappointed because prices continue to decline and not even change until 2020. But the defensive decisions are also not wrong because they reap the rewards in 2021. The price of coins has risen severalfold. The key is patience. Whatever we do is nothing wrong.

you are right, everyone is greedy for more. but it can be trained as we continue to invest and trade. the important thing at this time is to have enough of what has been obtained. when you get a profit or the target has been achieved, immediately get out and start investing all over again. making careful planning from scratch is very important.

Yes, the Bull run of the past few years will obviously not always be the same as this year and even in the following years, because every year the conditions are always different in the crypto space, so that interesting and different things will be seen by everyone in crypto.

Whatever opinion you say about when to sell and when to hold alt, it all depends on the strategy of each person. if they do day trading, then they won't care whether the price goes up or down. because the most important thing for them is to trade to get results ..

I think most of those people who bought btc & others Crypto at ath, already sold their currency before the recently crypto blast which took place from Q4 of 2020. Cause its unfair to think they are still holding their currency for lots of years with patient.and i was one of them, who was waiting for recovery and then sold at loss.right market crypto market is already blast but i haven't hold bigger amount but a little cause I doubt if altcoins are going to repeat the same crash histroy again or not!! so i don't want to repeat the same mistake again

I think no one need to rehash same mistake they have made earlier but we really can't make the prediction  in every case right.since market is unusual, for reasons unknown we will consistently do a similar mix-up, on the grounds that when in that circumstance we can think plainly and clearly

There are nobody who want to make mistake by their own desire but they do that accidently.and ir also true that People learn practical lesson through mistakes and next time they become careful about the same thing.I'm also a victim.crypto market crash is normal but i couldn't imagine the crash that happened in 2017 & i lost my capital.although selling isn't always solution cause bitcoin is $48k now

You have to face it and learn from it, those times that  you failed to follow the market movement and failed your
attempt growing your investment.

It should be the time to learn and come to move forward, there's no doubt that everyone are not wanted to do the
same mistake and not wanted to see their money to lose again,.

I am holding my tokens no matter what happen. i am not a good trader and i has made so many mistakes. i have this idea that what happpened in 2017 might repeat it self and that pushed me to sell my UNI token, Avalanche token, Ferum token and even 50% of bitcoin hoping the bear market will sing in place. Now i am in huge lost. over 10,000usd has gone because i sold hoping to buy back.

That is very important to know for a newbie that Knowing when to get in is easier than knowing when to get out. Don't be so greedy and don't be very emotional. Sometimes when you are selling your BTC and it goes even higher to create a new floor above your sell price.  I mean, you have to think BTC is close to reach its all-time high after the crash and reach $3300.

I have been observing the situation on the market since 2017 and for now I see incredible hype, which is even much more bigger than in 2017. I try to be a smart investor and take profit from my positions. Unfortunately when I sell coins, some of them grow in some times next days) It`s very difficult to deal with it, but I think I will thank myself, when the downtrend will come) Don`t let FOMO to take over you, because you can lose more money than earn, if you only think about missed profit and opportunities

everyone must have a feeling of greed even though a little, therefore we must be able to learn from experience, namely from 2017, I personally have limited myself in taking profits, for example if the coins I have are already 50% profitable, I will sell them and buy other coins, and so on, therefore experience plays a very important role here

Actually if everyone has basic analysis techniques regarding trade indicators I don't think they should worry. only people who follow prices or have no reference will lose money in a market like it is today. we have to follow the trend and can't go against the flow. indeed 3 years ago made a lesson for many people. regarding profits if we can maximize profits it really is not a problem

Smart people were holding yes, there are some not so smart that were selling at 10-15 k even they bought at 18k. Anyway, nowadays people don't agree if new bear market will be hard like last, or not. I think when it happen, and it will, it won't be that hard, and won't last for 2-3 years. So, it's safest to just hold. 2-5-10 years from now BTC will break some serious price that we all just imagine now. ( maybe 1 milion ? :D )

the key if we want to know about the right time to enter or exit the market is knowledge and experience mate
if people want to learn more about how the market work, i think they can do that, especially if they always set a target price as profit taking and didn't follow their greedy nature

That's right, personally I have an experience in he past that I get so greedy, it was the first bull run I witness and I didn't see the correction coming, I keep investing and holding hoping to get to the land of retirement, but it didn't happen as I fall short and correction comes and still I'm hesitant to sell.

Lesson learned, don't be greedy, always stick to your target to buy and sell, it's simple to initiate if we know how to control our emotion.

I don't think it's because they were greedy that they made that mistake, but because they don't have the knowledge and experience of trading, maybe they think about losing assets and panic too much when they see the price of the coin drop. It seems that almost all members of this forum have made such a mistake. I myself have also experienced such an incident.

I believe that is a lesson most have learnt especially those that have been investing or invested during that 2017/18 and thought it will still go up. but at this present time, I know all most have made mad profit considering BTC BTC price @ $58k+ except for newbies coming into crypto space that might make that error again. Again in crypto trading, you should always have your profit target.

For me this bullrun at the moment feels different compared to that one back in 2017. Back then almost every project even shitcoin moved up very fast but then after only a few days the price began dropping rapidly, so that was more a bull bubble that an actual bull run.
This one now is already going on for longer and has a more organical grow to it than the last one. Predicitions say that the positive uptrend will last until at least this september but of course that's only speculation because no one knows for sure.

basically investing is taking risks. everyone has a different strategy from each other. if someone has been here for a long time at least they know when to enter and when to leave. But if someone comes into a market situation like this, then they have to be really careful before investing in any coin, set targets, can control emotions and don't be greedy to take profits.

Knowing when to enter and exit the market is extremely hard and even i can't do so i just take half of the profit and hold the rest but i feel like this time the foundation for the bullrun itself is stronger with some institution already get into crypto compared to the one on 2017. Back then it's just ico craze, all project are basically a quick flip, no news about adoption, insistitution like tesla and mastercard this time so i feel like this time it will last much longer, maybe until the second half of the year.

bear market lasts almost 3 years from now, I still remember that near the end of 2018 there was a major market correction and the correction lasted a long time until the end of 2020. However in 2021 the bullish market had risen and the market situation had returned to normal. Unexpectedly this year many coins have experienced high price increases, especially Bitcoin and Ethereum which have reached an all-time high. Right now we are experiencing a bull market and also keep in mind that correction can occur at any time, so you also have to be able to determine when to enter and exit and always monitor the assets you have at all times, not greedy, make sure you are ready or have made enough profit and enjoy the results.

I pity these people who post like this. I understand the feeling of people who invested in the high time and waited in the correction time but it can happen to anyone in any of the business/investments. You have to buy when it gets below a certain % from your investments. I had invested in alts with my BTC and they tanked heavily. bought some of them back when they were pennies and my average buy got lowered to half. Already in profit even though they arent even near to my original price. It's a strategy you have to follow while making investments.

I agree with your point, but one thing you should pay attention to is that many of us here are long-time holders or investors who can decide to keep their coins for a period of time no matter bearish or bullish. and the important thing is you must know when the right time to buy and sell it. Another thing is that Greed makes people lose money, because they don't take into account the fact that the value of any currency can change quickly and corrections can definitely occur at any time.

For every market cycle you should have a plan of when to exit the market, I do pity some of these newbies entering the space now because they will be the lamb used for sacrifice when the bear market set in and from history will all know how brutal the bear market used to be losing more than 80% of the whole market from the top. My advice is to never get carried away and do marry any coin

It’s easy to forget your game plan when you see your portfolio gain so exponentially like we had the last year. Take profits and try to stick to your ideas. When you come new into these markets you have to remember some people are already up 10-20x easy where you step in. The bubble inflates and pops eventually, but we have some months before us. Pick your winnen, forget about it for 2-3 months profits and take profits..

I still have my bitcoin holdings and mostly it just came from the signature campaign so I don't really have capital with it so I could just hold it for a long time and sell it at a good price than before when I received the payment. It's true that we should have an exit strategy when investing in cryptocurrency but we also know that in bitcoin it's more like a long-term investment and you don't need to care about the deeps. Still, we have technical analysis and obviously, we are still in the bull rin so I don't think it's a good time to sell.

Everybody is making some mistakes, I'm still doing it. But l have realized that to make any mistake is not a big problem, it is more necessary to learn from these mistakes and as you mentioned never repeat the same mistakes. Sometimes there can be some projects which you have more expectation than others, but everything is possible in this world you can lose your money in the end. You should always improve yourself.

Today, you need to very closely monitor what is happening in the cryptocurrency market. There are even more opportunities for profit, given the fall in cryptocurrency rates.
I believe that the current state of the cryptocurrency market eloquently indicates excellent near-term prospects. I believe that at the moment many will take the opportunity to profitably invest their funds in rated cryptocurrencies, since Bitcoin is unlikely to fall below $ 40,000, and Ethereum below $ 1,100. There are many prerequisites for growth prospects. No need to constantly think about possible mistakes.

You are right holding the best way to make a big profit those who bought bitcoin back then very expensive and falling price did not give up to recover again so the decision of others who did not sell their bitcoin when they bought expensive and right now bitcoin is so expensive that even altcoins were so low in price like bnb, ada and eth trusted and fought to recover again when the day comes.

We also make the same mistake in the past, it's their time to learn now, and hopefully it will not cost them a lot of money because of this FOMO before they learn. The learning process starts when bitcoin starts to be bearish, just like in the past, same scenario same realization.

Some quit crypto after a failed decision but some learn and continue more careful and matured (I liked that).

the only mistake that keep repeating in this cryptocurrencies is PANIC MODE
people tend to panic, when the price suddenly going down, they cannot be patient, when they already panic,
they always sell all of the coins, that's the biggest mistake, for me, i always make sure to be calm when the correction is happening, don't be panic.

Make your own study about the coins you are holding, if you think the right time there, the time you're to sell your coins and that time you can make good income so, what you are waiting for?  Do what is your plan and you will be successful in the future, because making money requireds your plan to succeed.

This post just testifies to the fact that in the world of cryptocurrency there are no predefined patterns of behavior with cryptocurrency. What happened in 2017 - 2019 does not work with the same precision now. The post practically called for selling cryptocurrency, and above all bitcoin, as soon as at least a small profit is achieved, based on the fact that the bull market in cryptocurrency is short-lived and will be followed by a long bear market. As we can see, this assumption has not yet been confirmed. Bitcoin at the end of the previous year successfully broke its previous price record and is now at about $ 50,000. At the same time, we still hope that it will continue its price growth. If we followed this call and sold our bitcoins when it just crossed the $ 20,000 mark, then now we would be in a very disadvantageous situation.

Yes, and only some people can be patient and not panic when there is a correction, because on average they always panic when the market experiences a sudden correction, even though it is a good opportunity to buy back from a cheaper price.

So many individuals that call themselves crypto specialists have the accept that they will to be future whales and all they accept is holding coins for quite a while, I can't say this is done avarice, some can achieve their focuses with last 2017 bullrun,here is what generally fail to comprehend.Genuine bullrun season comes here and there, could need more than four years for another bull hurry to start so the trick is understanding the market well for sure, learn well to surrender and acknowledge when to repurchase.

Golden words!
Just such posts make bitcointalk worth reading every day.

My opinion The world of financial markets is in dire need of high talent, accompanied by the ability to read the market and the wind direction when to enter and exit the market, as well as its own defense patterns, all of which will have an impact on future forecasts. everything is a game of time and patience in managing good money management and this is a small part of what I feel is the main key as a financial winner in this world of money markets.