Holding is a good principle when it comes to making profit in the crypto space, but there is limit to it. For instance, if you by chance, have a sh*t coin you are holding, you can hold it for too long. As a matter of fact, you must follow it up so as to know the actual time to sell, but good coins are good for long term investment.
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Investing in XLM is a good idea, but i can see that you investment seems to be geared towards one direction. My advise to you is to try to diversify. Invest into 3 good coins at least. The crypto world has taught a lot if lessons. Part of which is that diversification is very essential.
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There are different signal groups, but you have to be careful of the signal group to join. Most of those who own signal groups do things to their advantage. You can be misguided if care is not taken. If you do not find a trusted signal group, it will be best for you to study the market on your own.
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Definitely, not everything worth investing in, most especially when you have no knowledge about it, because you might get to a point and become lost. Also take good record of all your investments. Know when to hold and when to sell.
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I think i have seen this same topic somewhere, but i appreciate the content you have there. Immediately some people come across any news, they do not want to know whether it is true or not, they begin to dump, without confirming how true it is.
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I am in total agreement with your advise, because many have been greedy to the point that because they have seen people made it through crypto, they decided to invest their entire life savings into crypto and might loose at the end.
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If you had done your research before investing, you would have invested in good altcoins. Not all altcoins worth investing in. A good investment will yield good profit, but that does not come automatically without proper research and right decision.
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Yes, crypto be mainstream and become the order of the day, but while holding, know what to hold. From experience, i discovered that not all coins worth holding. Some are just sh*t coin. So, research on what you want to hold.
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The reason some people do this is because they have discovered a lot of opportunities in crypto. Although, i do not like the idea of selling one's properties, most especially the entirety of your property for crypto. Invest only what you feel you can afford to loose, because there might be times you may not be able to sell, due to price change.
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Persistence they say is the mother of success. Whoever wants to succeed in this crypto world, needs to needs to be persistent without looking back. Strive to get the best and you will surely get your desired result. A persistent crypto enthusiast, even if he falls many times, he will still rise.
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I think this is more reasons why some regulations have to come in place. Although, not that cryptocurrency should be centralized, but that every ICO should pass through a regulated channel and be duly registered under a body. I think by this, investors will not be afraid of investing. Notwithstanding,there are still wats of identifying scam ICO.
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That is one very thing we need to guide against as bounty hunters. Waiting for too lunch before being paid your reward for work done can be very frustrating. I know the way i feel when i do not not get my reward in due time. I really need to be careful of the kind of projects we promote, because some developers do notcare about bounty hunters.
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Coins will definitely become stable before this year runs out. I think we are gradually approaching that time. Although, it is better to go on exploring other things and wait for the time to come.
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Personally, i will not sell my altcoins because i want to invest into either bitcoin or ethereum, but i sell only when i am in profit. Most times, if i sell some altcoins, the use the earnings to get more of the tokens.
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The present market dynamics seems to be different from the previous. Although, it might look like, but this is not a sign of bull run. Bull run might still come, but first, we need stability in the market.
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If the price of the altcoin i am holding dumps, the best thing i can do is to keep holding until it appreciates in price. The reason is that selling while it has dump will result into loss, which might not be retainable.
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I think most of these coins are under the influence of some whales, who are trying to pump and dump some of these coins. If not for how good these coins are, they would have experienced serious dump. Their influence is only pronounced on coins without good products, but ONT and NEO both have good products.
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Your proposals are very good. As a matter of fact, one of the coins i have always desired to hold is ethereum. It is one of the coins that has got immense acceptance and most times, investors who want tohold altcoins, always prefer to hold ethereum. Also, storing in hardware wallet is a good decision. With this, you are secured from any form of hack.
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Patience pays off. I found d myself in situations that only patience saved me. Some of the profits i had today were due to patience. There was a token i was tempted to sell cheaply, but a friend advised against selling at that time and that i should hold for some time more. At the end, i was glad i did not sell too early.
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For the coin to plummet that much, it means that it might be a pump and dump coins and that perhaps, it might have been abandoned. This is just an assumption. Research needs to be done in order to know the fact.
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