As a newbie, what would you do now... (Sell profits, or buy more Dips?)

[hotmetaldobermans]

Hey all,

I am new here, and got my start JUST as this China news was rolling out. I missed my buy option for $1,000 right as it broke below $3,000, but got in the next night at $3,500. I bought some alt-coins and have been sitting, watching, ever since.

I am wondering what you seasoned vets would do right now. I know a majority option would be HODL, but honestly, this is quite good profits for only a few weeks. Really wondering if you all would be for or against liquidating now, and re-investing profits, since they are around $450 ATM.

I'm thinking if I only reinvested profits over the next year, I could keep all "real" skin out of the game, and creep my way up to a full 1 BTC in profits. With prices rising, though, that may continue to get more and more difficult.

I have some small amounts of BTC bought more toward the $4,300 mark.  Was also thinking of selling those portions at profit now, building up my FIAT over the next few months, and buying a larger chunk if we dip well below $3,800 or so...but that of course may never happen.

Here's where I'm at :

1.) .50 Ethereum @ $325 (current loss $-12.50)
2.) 10 NEO @ $20.50 (current profit $80)
3.) 200 BQX @ 0.75 (current loss $35)
4.) .40 BTC @ 3,700 (current profits $426)

Current total profits : $480 or so.

Definitely HODL'ing NEO and BQX.

As for BTC...

What would you do?

[laura77]

buy more dip, because it is rare and I will wait for the highest price to sell it.
 

[HabBear]

Well, have you invested all you are able to invest?

if yes...

• Sell the NEO
• Sell the BQX
• Sell the Ether
• Buy Ripple...let it ride

If no...

• HODL, baby hodl
• Buy more BTC on the dips

You've proven you can't time the market. Don't worry, no one can. You're current profit is around $1000 USD (you are talking in USD, yeah?) That's tempting to sell but if you do you'll need to have nerves of steal. It's tough to hit the cycles right and if you hit it wrong once you're sunk.

[pooya87]

I missed my buy option for $1,000 right as it broke below $3,000,

does this mean you placed a buy order at $1000? in that case what were you thinking?!!

I bought some alt-coins and have been sitting, watching, ever since.

in other words you have been losing money since majority of altcoins have been dropping hard.

I am wondering what you seasoned vets would do right now. I know a majority option would be HODL, but honestly, this is quite good profits for only a few weeks. Really wondering if you all would be for or against liquidating now, and re-investing profits, since they are around $450 ATM.

most people around are not traders for many reasons: not knowing how to trade, not wanting to trade, not trusting the exchanges enough to trade,...
so they HODL.
price is $4800+ by the way.

I'm thinking if I only reinvested profits over the next year, I could keep all "real" skin out of the game, and creep my way up to a full 1 BTC in profits. With prices rising, though, that may continue to get more and more difficult.

trade altcoins: only when they are rising (getting pumped) and stop holding them tight. you will end up losing more money if you do so.
trade bitcoin: if you are good at trading then even day trading can be profitable for you, other than that sell before the dips that are too obvious like the China FUD and wait a little while and buy at the bottom (near the bottom) and enjoy the big profit you get. it usually will be from 10-30%

[hotmetaldobermans]

I missed my buy option for $1,000 right as it broke below $3,000,

does this mean you placed a buy order at $1000? in that case what were you thinking?!!

No, no... was waiting to buy $1,000 worth of BTC, didn't pull the trigger at $3,000 (price) and it rocketed back up toward 4 in 20 minutes.  Bought in my grand the next night.

I bought some alt-coins and have been sitting, watching, ever since.

in other words you have been losing money since majority of altcoins have been dropping hard.

Not too much.  NEO is up.  BQX is down.  ETH slightly down.

I am wondering what you seasoned vets would do right now. I know a majority option would be HODL, but honestly, this is quite good profits for only a few weeks. Really wondering if you all would be for or against liquidating now, and re-investing profits, since they are around $450 ATM.

most people around are not traders for many reasons: not knowing how to trade, not wanting to trade, not trusting the exchanges enough to trade,...
so they HODL.
price is $4800+ by the way.

I hear ya...

I'm thinking if I only reinvested profits over the next year, I could keep all "real" skin out of the game, and creep my way up to a full 1 BTC in profits. With prices rising, though, that may continue to get more and more difficult.

trade altcoins: only when they are rising (getting pumped) and stop holding them tight. you will end up losing more money if you do so.
trade bitcoin: if you are good at trading then even day trading can be profitable for you, other than that sell before the dips that are too obvious like the China FUD and wait a little while and buy at the bottom (near the bottom) and enjoy the big profit you get. it usually will be from 10-30%

Right, right.  Will see how the next 48 hours pan out, try to buy low and sell high.

I think I'll HODL my BTC and only buy in heavy dips as I make my way to 1 BTC. 

[hotmetaldobermans]

Well, have you invested all you are able to invest?

No, will continue to add a few hundred dollars each month....

if yes...

• Sell the NEO
• Sell the BQX
• Sell the Ether
• Buy Ripple...let it ride

Can't agree with you on this one. I feel like NEO will head toward its ATH sooner or later, and I'll kick myself if I don't HODL.

If no...

• HODL, baby hodl
• Buy more BTC on the dips

Noted...

You've proven you can't time the market. Don't worry, no one can. You're current profit is around $1000 USD (you are talking in USD, yeah?) That's tempting to sell but if you do you'll need to have nerves of steal. It's tough to hit the cycles right and if you hit it wrong once you're sunk.

I ended up buying .5 more ETHER and will hold the 1 ETHER until next year, see what happens.

Put another few hundred bucks to my Coinbase USD wallet, will buy some alt-coins if they're still low next week.

HODL time.

Cheers.

[pretius99]

buy more dip, because it is rare and I will wait for the highest price to sell it.
 

agreed , u must wait for the highest price then u sell when u feel profit. then buy again when the price low , repeat this again. 

[WorldEG]

Keep this in mind.

If you bought 1 bitcoin in late 2013 for 1200 USD and you kept it, without selling out at 300-400 USD, you would have now 4800 USD.

However, if you sold that 1 bitcoin in 2014-2016 period, you would have a loss of ~800 USD.

If the coin has a future, you will turn your loss into profits eventually.

[O9NpJ9ld1opS]

It depends on what you have. If u are holding alts for more than last 2 weeks you probably will be in  big loss and it's already late to sell, don't sell now. Wait till the segwit is over and the price of alts will surely rise. If you have already converted all your alts to btc before 2 weeks then you are a genius, don't do anything else now just convert your btc to alts after segwit.
 Those who are in big losses, you can invest more now on alts(maybe wait few more days) after segwit the price will rise and you can balance up your losses as an overall. But beware only invest what you can afford, that's it.

[deadthings]

Hey all,

I am new here, and got my start JUST as this China news was rolling out. I missed my buy option for $1,000 right as it broke below $3,000, but got in the next night at $3,500. I bought some alt-coins and have been sitting, watching, ever since.

I am wondering what you seasoned vets would do right now. I know a majority option would be HODL, but honestly, this is quite good profits for only a few weeks. Really wondering if you all would be for or against liquidating now, and re-investing profits, since they are around $450 ATM.

I'm thinking if I only reinvested profits over the next year, I could keep all "real" skin out of the game, and creep my way up to a full 1 BTC in profits. With prices rising, though, that may continue to get more and more difficult.

I have some small amounts of BTC bought more toward the $4,300 mark.  Was also thinking of selling those portions at profit now, building up my FIAT over the next few months, and buying a larger chunk if we dip well below $3,800 or so...but that of course may never happen.

Here's where I'm at :

1.) .50 Ethereum @ $325 (current loss $-12.50)
2.) 10 NEO @ $20.50 (current profit $80)
3.) 200 BQX @ 0.75 (current loss $35)
4.) .40 BTC @ 3,700 (current profits $426)

Current total profits : $480 or so.

Definitely HODL'ing NEO and BQX.

As for BTC...

What would you do?

Buy more dip, wait for the right moment, which as you will invest well will come and sell, greetings and good luck.

[Tfak]

Problem with your current position is that buying a dip means you will have to switch crypto's. Which means you will have to hope that the crypto you switch to will outperform your old one. If you can add more money in the game.

You could also sell all and wait for a giant dip. Which will surely come.

[CarlOrff]

This is a very personnal question...
But, with Bitcoin, the more profitable strategy since 3 years was ever to hold.
Then... buy more dips.

[Red_Sanford]

Buy the dips and hodl. It is very difficult to time or predict the market. The best TA people on Trading View have all been saying "we are in a bear market"
after the China news. Then it broke 4k and they said it will still test the 3600 level. Now we broke 5k and are heading towards 6.

These are the pro's. I can't tell you how much I have lost out on by not holding. I am done trying to sell high and buy low. Now I am just going to hodl

[bejinariu]

investing and waiting to raise profits...

[dothebeats]

You got some nice holdings for a starter, and if I were you, I'd put a little amount to do margin trading at bitcoin given the extreme volatility it exhibits every single day. These coins are good for holding long term, but if you are already in profit and have a gut feeling that it will fall back down heavily, follow it and cash out, buy back in during the dip, and sell when you're in profit. Rinse and repeat.

[advjump]

nerves of steal

You meant steel right? 

[elngotz101]

I want to know how it works...im also new here..

[BTCGOLD]

I'm over 2 years with crypto and all the time reinvesting - so my suggestion is to buy more. I'm selling sometimes but only when i really need fiat money.

[bmichael05]

Its depend on you wishes. The marketcap stay on one level despite of bitcoin growing. So alts will grow soon to increase capitalization.

[TheAndy500]

Hey all,

I am new here, and got my start JUST as this China news was rolling out. I missed my buy option for $1,000 right as it broke below $3,000, but got in the next night at $3,500. I bought some alt-coins and have been sitting, watching, ever since.

I am wondering what you seasoned vets would do right now. I know a majority option would be HODL, but honestly, this is quite good profits for only a few weeks. Really wondering if you all would be for or against liquidating now, and re-investing profits, since they are around $450 ATM.

I'm thinking if I only reinvested profits over the next year, I could keep all "real" skin out of the game, and creep my way up to a full 1 BTC in profits. With prices rising, though, that may continue to get more and more difficult.

I have some small amounts of BTC bought more toward the $4,300 mark.  Was also thinking of selling those portions at profit now, building up my FIAT over the next few months, and buying a larger chunk if we dip well below $3,800 or so...but that of course may never happen.

Here's where I'm at :

1.) .50 Ethereum @ $325 (current loss $-12.50)
2.) 10 NEO @ $20.50 (current profit $80)
3.) 200 BQX @ 0.75 (current loss $35)
4.) .40 BTC @ 3,700 (current profits $426)

Current total profits : $480 or so.

Definitely HODL'ing NEO and BQX.

As for BTC...

What would you do?

I've been dealing with this kind of stuff for a long time and I'm constantly investing and buying dips, selling some parts very rarely, and doing it only when I have to.