Know when to stop a HODL/HOLD

[Belianez]

A coins I keep for a very long time , but always watching for the coins , if the coin for the month made X5-10 then of course I will sell it and periscopus just below.

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[Linkkoin]

For people who buy BTC as a form of investment so far there had been proven one golden rule - if a mainstream media will be all hyped by BTC price reaching all-time highs for yet another week/month (as we call it "breakfast TV BTC frenzy"), it is wise to sell it.
Of course, it will not give you the precise moment when the peak price will be reached, but if you do not have much trading skills it is one of the rather most reliable hints when to sell it.

Unless of course you are the HODLer who buys BTC to use it on a daily basis as a method of payment. Then, of course, you do not stop.

[killat]

Well if you can hold and wait 5 months or years, it can be profitable if you invest long term.

If you’re planning on day trading, then learn to read how the chart works. It’s not always 100% accurate with prediction but you have to learn to be one step ahead and study the psychology of the market.

I did full time day trading in 2017-2018. (Part-Time now but isn’t as effective because you don’t know every markets’ movements)

Don’t trade base on your emotions.

Also almost every coin outside of the top 300 are most likely shit or scam coins. (and a few gems)

[CryptoIyke]

Greed is the greatest undoing of many traders and investors, just know that you cannot have it all, know when to call it a quit and exit the market and be free, the desire to wait a little longer for more profit and recovery without any clear sign of market direction is a killer

[asyakashi]

Every trader must have a buy, sell and stop loss target, otherwise I believe this trade is not planned and poses a risk of losing our assets. plan your trade well to get maximum profit.

[Chainsmokers]

Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.  


What are your thoughts?

Most beginners are easy to influence and they will immediately believe it while investment in crypto is not just holding and waiting for a few years. Sometimes the investments we make do not match what we have predicted so we have to decide when to sell them and cut bigger losses later. So, for beginners it is better to observe and analyze the suggestions from several people before deciding to invest.

[dimox]

no problem if you want to hold or sell when you get it. just dont put under price, if you sell above the price before im sure it will grow slowly. and you make contribute to rise the price.
i often try to hold, hope it will be more and more for a week. but eventually the token will be forever in wallet. its dangerous because it can broke the real price. investor lose their confidence to invest

[iphmp159]

Before invest, investors should identify prices to take loss, yes, to take loss. Identifying take-loss price before invest will help investors have better neutral overview on what they should do in bad situation. They might or might not stick with their original take-loss price, but they should stick with it. It will help them to control their emotion and reduce losses when price falls below those range.

[Gabmot]

Exactly! I have always believed holding is the best decision anyone can make as regards crypto assets. Alas! So many holding decision have backfired on me.

[Impaler]

Yes you are right. It is a very important people I am one of them who love to invest in long-term things but I also think that if you have a great time for liquidation then always do it. Atleast liquid 50-60% or even more if you want. Cause sometimes you wait for greater price and end of the day you accept nothing but some loss. So it is very important to find a right time to sell off. Holding is good always good. But liquidation is also very important atleast liquidation at the right time is very important.

[deathcode]

Exactly! I have always believed holding is the best decision anyone can make as regards crypto assets. Alas! So many holding decision have backfired on me.

I don't know, I'm a person who can't hold assets for a long time. I am always tempted to trade assets that I have. especially some altcoin assets that have a fairly high movement and trade. it will make us more anxious to quickly join the trade.

[thesosorr]

Newbies can easily be influenced from what they hear from speculations.. I've read several times people tend to advice to hold long term. because its easy for them to say JUST HOLD cause theyre not the one losing! For me its not all about holding, its being smart about your own invesment know when to stop and cut the losses.  


What are your thoughts?

When the current price of coins that I can say is unstable, it's better not to hold on but keep trying to be active in the market and buy other coins. The average person is easily affected. Be careful and stick to the principle.

[ridhobagus2308]

Yes for me its always been that way, need to know when to put and pull my money, and where i put my money. basicly it just about predicting and finding the right time. but sometimes that can also give me more lost or less profit than when i just hodl. also i think the most important is you need to have experience on this market. Their advice is just hold your coin its because they believe even if the coin dump they believe it will be recover sooner or later so that your not gonna lost the value in a long term.

[Daffadile]

Hodl all the time. Btc will go up so many years from now. Sometimes I want to sell and think I should have then the price goes down like recently I wanted to buy things when it was at 12k now it is a bit over 10k last I looked. I need to be patient during those months the price is down.

[posporo]

In my opinion, Hold on dearest life is one of the keys to improve the prices of the cryptocurrency so the newbies in crypto world must've read articles about cryptocurrency and know when to sell crypto right to be able to earn big amount of value. If there are lots of dumpers in the market like newbies, the prices of crypto will decrease so I would like to suggest that holding for now is a good decision for future.

[Rikotin]

You are right, there are some coins that cannot last long because you have to know the threshold. With this, you must look smart and know when to sell your coins. Too much holding coins that do not have price developments can really make you lose, make sure you invest in coins that have a stable price development.

[zzortyx]

For most crypt fans, simply holding is the easiest way to make a profit. But they have to choose good coins for that. From time to time, the price of the crypt can fall but inept traders can lose a lot more.

[juperos]

I have the same thoughts as you. But newbie really shouldn't try to prove his ability, I've been like that and I've lost a lot. I didn't listen to the analysts and traders, I believe in myself, a brain without trading experience in the crypto market.
The lesson is not to try to be extraordinary, listen and learn, we will become better if we understand the characteristics and how to analyze the charts.

[dungp3132]

Now, it is time to hold your altcoins. If you already bought good altcoins and out of fund, just hold your coins. If you already bought altcoins but still have some fund, let's try to accumulate more. If you have not bought them yet, now it is good time to accumulate them at cheap price.

[igor.vanyutin.83]

The second golden rule of every investor is knowing when to quit the position. Besides diversification, there are no successful traders that have just bought another crypto currency, got lucky and are now billionaires.