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Author Topic: I don't care about the price now. Nobody knows how much my portfolio is worth  (Read 1017 times)
omonuyak
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May 09, 2018, 10:32:46 AM
 #121

If you are not going to sell your ethereum then you are one of the cryptocurrencies Hero and I believe in future we may celebrate you like other big holders.  I have been tempted to sell my holding several times and most time I encourage myself that if I keep on holding I will make good money in future when governments legalized it.
tuansemazi
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May 09, 2018, 03:15:22 PM
 #122

I'm not worried, all the coin I hold is from the ICO purchase even though the last hurricane made my property significantly reduced but I trust the coin I hold, trust on the technology they are developing.
laluna24
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May 09, 2018, 04:11:32 PM
 #123

Everyday my routine is to check always the price of the coins I have hold. It is good know that their is someone spotted being positive on the ups and down of the price. So I am not also worried in the market because it will increase and most of us here can earned profit.
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May 10, 2018, 03:18:30 AM
 #124

That's also a good decisions by not looking the price for the meantime. Everytime I looked into the price I had the attempt to sell, but the market these days are not good. I just hold mine for the reason's price may climb at any moment.

To not look at the price of bitcoin is not going to bring you more tranquility, if you're like many people here you'll visit the forum every day, and when people begin to talk about what is happening with the price you will get curious, so not looking at the price it is not going to protect you from finding out whether the price is going up or down, what is going to protect you is your confidence in bitcoin.
Yeah, curiosity when it concerns your investment is normal and I totally understand that a normal and sane person will want to at least check how their folio is doing which I believe even the OP did to have known how much he is worth now.

Moreover, it is also important to understand that there is no point freaking out or panicking when you know what you are looking forward to and as long as the individual is not trading, I really do not see any means to ever make decisions to sell out at loss out of panic which a lot of people do from checking the price.
wxa7115
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May 12, 2018, 08:17:57 PM
 #125

If someone invests an amount that they don't care if they lose it completely than I don't see why they should care about the short term price and just focus on the longer term. The way to earn higher returns in crypto markets is only through hodling and anyone trying to time the market is going to end up losing in the end.
That is the attitude that all traders should have, the problem is that many invest so much money that they cannot bear to lose a single dollar and when they do they begin to get nervous and take bad decisions because of it, so while it is a very simple lesson we must remember to never invest more than we can afford to lose if you really do that then you're not going to care that much about the money that you lose in a single trade.
Fatunad
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May 12, 2018, 09:15:47 PM
 #126

I don't even look at the price anymore. Just looked today after a few days... Eth is now being negotiated at 480. LOL

Nobody knows how much my portfolio is worth. I will hold for a few years. I am not going to sell now, even if it were 10x more than it is now, so why would I care for the price now?

I really believe in the technology, I really like it, I am even studying it. I am not worried.

So you are just basically holding up ETH into your folio or do have even more coins which do have potential? Holding up for years or long term would really requires strong discipline and control which i do see that most people wont able to do such thing specially into those times where we do see profits where temptation to see would be there and thinking up on securing out profits or you would panic sell to cut loss when you see a dumping market. These are the common factors.
bitmover (OP)
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May 12, 2018, 10:38:50 PM
 #127

So you are just basically holding up ETH into your folio or do have even more coins which do have potential? Holding up for years or long term would really requires strong discipline and control which i do see that most people wont able to do such thing specially into those times where we do see profits where temptation to see would be there and thinking up on securing out profits or you would panic sell to cut loss when you see a dumping market. These are the common factors.

As I said before:

  • 90% of my cryptocurrency portfolio is Bitcoin and Ethereum. Those are the market leaders. They cover the most promissory technology, the best teams, over 70% os market share. They are something like the blue-chips.
    I didn't buy some smallcap coins to pump 1000% in 2 months and now holding bags and praying.


  • I only invested what I can afford to lose. I don't wanna lose it, but I am not over-invested. This is very important. I was over-invested once, and could barely sleep. Even believing in the fundamentals, this market volatility is too high and everyone has a limit. I am not in my limit, so I can live with this volatility.

  • Long-term objective.
    In whatever market you are investing, even on a stock market, if you are on the accumulation phase, or if you are in for the long run, the best thing you can wish for is a bear market.
    But if you want to swing trade, if your goal is short-term, that's a different story. I am not a good trader, so I just hodl.



Market is recovering, but many altcoins are not. It's possible that some of them never will.
Few altcoins have survived the long term.

That's why it's important to make a long term portfolio with the market leaders, mostly bitcoin and ethereum. I don't like ripple but it's a good choice for long term too.

As you are going down the coinmarketcap the risk is higher. That's why people who invest (and even overinvestment sometimes) in those coins and get worried.

.
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Kevin77
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May 13, 2018, 03:11:49 PM
 #128

That's also a good decisions by not looking the price for the meantime. Everytime I looked into the price I had the attempt to sell, but the market these days are not good. I just hold mine for the reason's price may climb at any moment.


With the existing capital, I think select a coin with a low price (like Doge) because you will get more coins and if there is a price increase that is not too high you can sell it and you will get a big profit.
Are you serious right now ?
Doge is good for short term trading and even though it has been in existence, I do not see how someone will be holding for long term anyway.

Surprisingly, even with the history of doge though, it is funny that the support for it is still very huge but like I said, for me, it is strictly for trading and tipping most of the time and nothing so special. There are several other coins and tokens that one can invest in for potential increase in value for the future.
LuffyD.Monkey
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May 14, 2018, 10:04:29 AM
 #129

If someone invests an amount that they don't care if they lose it completely than I don't see why they should care about the short term price and just focus on the longer term. The way to earn higher returns in crypto markets is only through hodling and anyone trying to time the market is going to end up losing in the end.
That is the attitude that all traders should have, the problem is that many invest so much money that they cannot bear to lose a single dollar and when they do they begin to get nervous and take bad decisions because of it, so while it is a very simple lesson we must remember to never invest more than we can afford to lose if you really do that then you're not going to care that much about the money that you lose in a single trade.
Although money is important and we all are trying hard to get bigger money. But still we don’t have to be so impatient about it. There was a wise man and he said, “If you run before money you would never be getting that, run before excellence and that would get the money in your feet.” So don’t just think of the money if you lose some time, just think of a bigger picture.
coinplus
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May 15, 2018, 07:31:41 AM
 #130

Yes that is very true.The prices now cannot determine how rich you will soon be.If you have some coin just hold on for small time and the market will fully recover and you shall sore higher to the top.The low prices now is just the test of the faith of those who really believe in the coins they are holding or not.
All the coins are unpredictable. There is no source of information that what would be the impact of bitcoins on market in coming few days or months or years or even the upcoming moment. So don’t just get worried. Bitcoins are superb coin and they are stunningly making a great performance. So don’t just lose your heart and continue holding because that would be you making big rich.
Right. You only have your knowledge to choose a good coin, hope to hold on to it and believe there would be a great future for it, and then the smartness to make some very good decisions along the line. One thing with this environment is that no one really knows how things would be turning out at the end, but we only have our faith in what we are holding to keep us going and for those who are traders, obviously, the knowledge is there to keep getting the best from the market. Everyone just have to get their own way to benefit.
Sword555
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May 16, 2018, 12:49:12 PM
 #131

You should completely isolate yourself from the prices of your portfail, if you truly believe in that it may last long and may recover from crashes you can do that
chocolaty
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May 16, 2018, 01:54:47 PM
 #132

Wow! That's the attitude! Thanks for spreading positivity rather than FUD. Would be better if you share us some knowledgeable tips. A lot of people are impatient nowadays and are easily affected by FUDs. This vulnerability results to loss and regret. Anyway, like you, I am still holding my coins. I started holding since last year and as of now I have got 4 kinds of cryptos or more.

3philong
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May 16, 2018, 02:57:22 PM
 #133

I also keep a little eth and I also do not care about its price. But if it's worth ten times now, I'll definitely sell them. That is a huge profit  Grin
Sudesh s athukorala
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May 16, 2018, 03:03:00 PM
 #134

I compared 2017 and 2018 price of coins.so i don't care about the price now.Low price was last may month.it will increase price future..
Sword555
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May 17, 2018, 12:25:02 PM
 #135

This is truly righ time to invest in cryptocurrencies, so better you can invest into some altcoins or bitcoin, this also makes pretty much profit in future
wxa7115
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May 17, 2018, 10:39:21 PM
 #136

If someone invests an amount that they don't care if they lose it completely than I don't see why they should care about the short term price and just focus on the longer term. The way to earn higher returns in crypto markets is only through hodling and anyone trying to time the market is going to end up losing in the end.
That is the attitude that all traders should have, the problem is that many invest so much money that they cannot bear to lose a single dollar and when they do they begin to get nervous and take bad decisions because of it, so while it is a very simple lesson we must remember to never invest more than we can afford to lose if you really do that then you're not going to care that much about the money that you lose in a single trade.
Although money is important and we all are trying hard to get bigger money. But still we don’t have to be so impatient about it. There was a wise man and he said, “If you run before money you would never be getting that, run before excellence and that would get the money in your feet.” So don’t just think of the money if you lose some time, just think of a bigger picture.
Great advice, a person looking only to earn money through trading could have some success, but the person that is really looking at becoming a master of this difficult profession will become a lot more successful than someone that is only looking to trade for the money, and this is not only true in trading but in almost any other activity that you can practice.
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May 17, 2018, 11:32:01 PM
 #137

So you are just basically holding up ETH into your folio or do have even more coins which do have potential? Holding up for years or long term would really requires strong discipline and control which i do see that most people wont able to do such thing specially into those times where we do see profits where temptation to see would be there and thinking up on securing out profits or you would panic sell to cut loss when you see a dumping market. These are the common factors.

As I said before:

  • 90% of my cryptocurrency portfolio is Bitcoin and Ethereum. Those are the market leaders. They cover the most promissory technology, the best teams, over 70% os market share. They are something like the blue-chips.
    I didn't buy some smallcap coins to pump 1000% in 2 months and now holding bags and praying.


  • I only invested what I can afford to lose. I don't wanna lose it, but I am not over-invested. This is very important. I was over-invested once, and could barely sleep. Even believing in the fundamentals, this market volatility is too high and everyone has a limit. I am not in my limit, so I can live with this volatility.

    The portfolio you hold seems nice, but you still need a way to protect it when the times are rough. Staying or being invested up to what you can afford to lose is one way to do it, but much more efficient way is to hedge against market volatility via projects like https://marketprotocol.io or something similar.

  • Long-term objective.
    In whatever market you are investing, even on a stock market, if you are on the accumulation phase, or if you are in for the long run, the best thing you can wish for is a bear market.
    But if you want to swing trade, if your goal is short-term, that's a different story. I am not a good trader, so I just hodl.



Market is recovering, but many altcoins are not. It's possible that some of them never will.
Few altcoins have survived the long term.

That's why it's important to make a long term portfolio with the market leaders, mostly bitcoin and ethereum. I don't like ripple but it's a good choice for long term too.

As you are going down the coinmarketcap the risk is higher. That's why people who invest (and even overinvestment sometimes) in those coins and get worried.
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May 18, 2018, 04:28:47 AM
 #138

I don't even look at the price anymore. Just looked today after a few days... Eth is now being negotiated at 480. LOL

Nobody knows how much my portfolio is worth. I will hold for a few years. I am not going to sell now, even if it were 10x more than it is now, so why would I care for the price now?

I really believe in the technology, I really like it, I am even studying it. I am not worried.

In the world of trading in the market indeed as investors we are experiencing an emotional thing. Sometimes I think sell it what does not but it all depends on each of us in a good trading strategy
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May 18, 2018, 01:06:06 PM
 #139

If you keep the etherium or bitcoin, you can forget about them for a few years, as these are reliable crypto coins. But if a new generation coin suddenly appears with very great prospects and you do not have time to purchase it in time, then you can lose money.
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May 18, 2018, 01:14:28 PM
 #140

I don't even look at the price anymore. Just looked today after a few days... Eth is now being negotiated at 480. LOL

Nobody knows how much my portfolio is worth. I will hold for a few years. I am not going to sell now, even if it were 10x more than it is now, so why would I care for the price now?

I really believe in the technology, I really like it, I am even studying it. I am not worried.


That is a great mindset of yours and I wish that all of the golders will be more likely as you because if that happens the cryptocurrency will not have a hard time dealing with those falls. Because those downfall of the coins is just temporary you just dont mind that and think about the future their value will rise back up and every fownfall is just an opening for us to buy more of them. I know in the future the value of that will rise and so as our holdings so we can really be a millionaire in this with just having some patience
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