The simple way of how to look at this is sell your coins when it is higher than your buying price, that is if you badly need to sell it.
But if you can hold, and believe it will go up, then hold.
In this market, you have the freedom to do what you want to do with your portfolio.
No one will stop you from your decisions, so make sure you are doing the right thing for your funds.
No one holds us from doing every decision that we make and we're all free from doing it. But it's just that there were some wrong timing that we've done in the past and that has taught us a great lesson of being good when to sell. Matters on how wise you are on making your actions for your benefit or advantage and this is something that people should really be mindful in regards into their actions.
If you are not well on making decisions then that would surely cost you but if not then you would really be finding this to be profitable.
So its up on someones decisions on when and how they would be selling their assets as long it is on profits then that what matter most.
No questions if someone has to sell when it's needed to do. |
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I was a holder of the vulcan forge/pyr token I buy it for 2$ and I already sold it for only 2x profit and as what I have seen today it is mooning and listed to binance and it has now a very big potential to go even further from it's price today. I see gaming project is rising and has a very big demand for this present days my question is should I buy pyr today or is it more risky to buy it now?.
I did the same mistake in the past that I'm confident with a x2 profit and did sold. And eventually, after a few months of selling that particular token, the price is soaring and there's a feeling of guilt that I shouldn't have sold early. But that's already a profit for me. I wouldn't buy tokens that are already soaring high, it's risky for me in that situation and if I want to buy that token, I'll wait until it go down. |
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I think GameFI and Metaverse are the future of crypto
Gamefi is experiencing itself on the top and just went through with its ATH a few days ago. Metaverse is being said to be the future but it's just another trend and there will be another one after it. So that's why currently it is what it is but later on, there will be a newly born trend soon. |
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No one stops you from selling when you have a need to, or you could also take profit when the price goes up appreciably. However, don't ever sell off all your position and dont forget to bag more when it dips.
That's the way of selling. You sell for profits and if you want to buy back, buy it. And when you're selling and don't have any intention of buying back then just sell your position for a few of it but don't ever sell all that you've got. |
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First of all, we must understand that the crypto market can go up and down at any time, especially towards the end of the year like this. if before joining we have studied it well I think we are ready with all the risks that are in it such as an unpredictable market. but it's your own choice to continue or not because everyone has their own views. but for me bitcoin or other investments are profitable investments compared to other investments for people who can manage them well.
What are those 'other investments' that are profitable? What are those that are not profitable? You need to be specific in telling just as holding bitcoin. We all knew that we're going to see the price increase soon for bitcoin and if it's not yet increasing, there's nothing to worry about it if you're only looking to the fall recently. |
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Bitcointalk Username: jossiel
Current post count: 8740
Merit earned in the last 120 days: 1
Your BTC address: bc1q5qg4lfk29z2a837hmyl3s7tk8jwwvslk0kfphk
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In general, trading is far from the safest option to work with. It is important to understand and evaluate it correctly.
It is risky but safe from other types of work. If the meaning of safest is about having less risk then that's the meaning that you've got. But about it, trading will surely give you uncertainty and you're unsure whether you'll have a productive day upon doing it. So if someone does it and not sure what will be the result, it's totally fine because that's how trading should be. |
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If it's coming from the exchange website itself then it's legit. And if you want to take your funds there that has been for a while and it's quite a hefty amount of money, you have no option but to take it from them through passing your ID.
It's a KYC that's very common to centralized exchanges. On binance, it's entirely different because they'll ask you for KYC so that you can trade but if not, you're allowed to withdraw only.
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If the OP is interested he can check out CRO, it has a good chance making it into the $ area and the crypto.com seems to be investing tons of money into ads and buying stadiums and arena. FTT and BNB already pumped but CRO is just getting started. They will keep doing more and more ads and the coin value should increase.
I second on this option but it's not one of the factors that op is looking at. It's part of the top 100 and I think that he's not going to choose it. But, it's a very solid coin and everyone knows what happened why it became one. I can't suggest any other altcoins, it's quite hard. But OP you can start choosing your pick at the 2nd page of cmc.  https://coinmarketcap.com/?page=2 |
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If that's the type of question that you have, you have to look at every detail that shiba inu has. It's not ideal and very unlikely that it will be making its coin priced in $0.1.
But asking if it's a good buy now.
Maybe yes, if you're goal is to look at it at the ATH again, it's down from its ATH.
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Ethereum.
Do not forget that after the last upgrade that has happened to it, transactions made over the ethereum network and with erc20 tokens, they're burning a part of eth on the fee.
It's a developing update and it's looking good upon understanding that it has a long term effect.
Am also aware of how the last ethereum London hard forks was ment to solve the issues of high fees and this problem have continued ethereum network still continue to get more congests daily. But with a percentage burn of the fees the total supply will get reduced and price increase on the long run. The high fee is still there. I'm looking at the brighter side of the burning and the devs will make another solution for the high fee. I think that it's the counterpart of continuous burning per transaction. If no solution, it would be the actual POS transition. |
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That's if you're needing the money and use it for some meaningful things. But what if you've sold and you say that you're in profit and lately, you kept the money while watching bitcoin recovers back to its former price.
Selling Bitcoin now is not the best move. This is because you're likely to be gaining 50$ profit now, at the risk of losing >$100 profit as the price recovers, and even more of that profit loss in the long-term. BTC has been bouncing back several times, and it's normal and necessary to be doing that before it shows a strong uptrend. With the season as it is now the likelihood that the market will turn green again is (in my view) high. Having said that, the long-term hold is definitely the best option where we're talking years not weeks from now. Yeah, not the best time. If someone has intented to sell then they should have always considered selling at the peak and not during the correction. It's usually what's happening when we see the market goes down, instead of selling at tops, we're panicking to sell at dips. |
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In general, trading, of course, has its own characteristics, but everyone chooses a more suitable option for themselves - investing or trading.
What's suitable for the majority is investing. There's a classification of it and understanding that you don't need to put a lot of effort. But you need to be the wisest in choosing what to invest and that's through holding. A very easy way of investing that's being done by almost everybody. |
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- Poor man's currency
Care to explain why it became a poor man's currency when in fact with your metrics, there goes the wealthy and middle class that has it? How about those with good GDP that are also adopting it and giving some good ruling about cryptocurrencies? There's no such relation of a country that adopts bitcoin about their gdp, low or high. |
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If they are operating under the jurisdiction of the law enforcer then they have to obey and do and give what they're asking for.
IIRC, there's already this thing that has happened and Coinbase has turned over or giving access to the authority if they're going to ask for their customers info.
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If you are thinking that you will become a wealthier person in few days then you are wrong.
That's a very wrong mindset. Many of those that have thought of that have been made a mistake because they're rushing and have to think wrongly. Each and every successful achievement needs time and concentration. If you are rushes to get profit in one day then it is your fault and you are choosing the way of failure to yourself. You should keep calm and wait for the best time of selling and buying of coin. It will be very crucial for your success.
I think there's nothing wrong if you're aiming to earn within the day, whether you're a casual day trader or seasonal trader. That's totally fine, what's wrong is that you're becoming greedy with your goal. |
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Now that the price of bitcoin is about to decrease to $30 it will be better you sell now that the price is still $59k to enable you prepare more for the future.
Decreased to $30? Anyone who don't have a long term vision to bitcoin would be thinking about selling as it won't recover anymore. If you sell your coins right now, you have no regret about such decision than to be part of those investors that will be thanking God for the great opportunity.
That's if you're needing the money and use it for some meaningful things. But what if you've sold and you say that you're in profit and lately, you kept the money while watching bitcoin recovers back to its former price. |
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Ethereum.
Do not forget that after the last upgrade that has happened to it, transactions made over the ethereum network and with erc20 tokens, they're burning a part of eth on the fee.
It's a developing update and it's looking good upon understanding that it has a long term effect.
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I'll put that into bitcoin but as you don't like that option, you better keep that into its form. The peak of Dogecoin was quite high and it's not even there again.
If you believe that another ATH might come back to Dogecoin then you shall hold it again. But if not, just follow what you think is good without regret like trading it on Ethereum.
the best option is actually if you store in bitcoin or the best ranked altcoin, because it is true that the peak of doge will not necessarily be repeated in the future even though it is still holding up well at this time. but in the end it all goes back to those who have, because everyone will only provide solutions, of course it is not certain that the options given will be well received because it returns to the choices that will be made. It should always be bitcoin as the top choice. And those that are hoping that dogecoin might go back to its former ATH. We don't know but just to be sure is that don't expect for the best for it. You should've made a back up plan when you saw things didn't do accordingly. |
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I guess it's time to sell, then buy the dip.
You should have sold when it's on the top and it's the time to buy, the price has been dropping. You hold what you have and keep it while buying again. Well lost few hndreed few days ago longing this, arghhh Well, Bitcoin this year might hit 100k, or not but it will surely go beyond 100k in 3 years time.
The aim for $100k is still there and we still have the month of December before this year ends. So hold it if you can, well I bought bitcoin with $1200 sold it $1600, lol yeah back in 2015.
That's still profit for you.  |
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