Always keep fiat while holding

[sedahan13]

Iam learnt so much thing in crypto after big loss,  because i was decide to hold and the price was keep down. Iam too greedy and did not lock and take profit in to fiat when bull market, l will not do it again later and when bull market coming i have to lock some profit in to fiat and use it to buy crypto later while waiting cheapest price and good situation of market.

[leonix007]

I remember how I was smart buying BTX at 11$, I thought it cant go lower 

That's a common rookie mistake. Altcoins in 99% of the cases don't serve a purpose at all, and that definitely applies to BTX. When buying these coins you should expect them to lose +90% of their value.

In other words, never blatantly assume that an altcoin won't go down further just because you think it's already low, because it can and likely will go down far lower. BTXs fundamental value is close to zero in my opinion.

These coins are meant to be used as a quick-flip, and not to hodl for a long period of time.

Couldn't agree with this more. What you describe is 100% true, but I would like to expand your thought a little. I'd been watching how things were developing with BTX for a while, and if you had been reading their thread here, you might fall victim to an impression that it's a real thing, while in reality it is no more than a typical Bitcoin copycat with no real value added. I suspect it is the same thing with other coins which bring nothing to the table. Folks read what other folks write and since people are eager to instinctively believe what others are saying (hence the insane amounts of FUD everywhere), they can be easily fooled into doing foolish things like buying heaps of shitcoins.

Sh*t alts are good at bull market trends

they are way more pumped higher than BTC

couldn't think other than that when it comes to tradings

and seeing it useless on these bear market trends

FUDS are their life bloods, and its so unfortunate that a lot of folks fall into it

[Ranly123]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

This maybe applicable for those expert in trading. But with the complicity of the process, newcomers may think of it the hard way. For me, there is no bad or good move in holding as long as you just invest only the amount that does not comprehend your daily expenses.

[pobeditelvezde]

Yeah, you are right and your recommendation is excellent. Generally speaking you are talking about the money management system which defines the rules of managing money. I would correct you it is not necessary to hold cash. It is also possible to hold money in any liquid asset which you can sell without problems in any moment of time. Why? Because money must work for youand I consider that it is better to buy government bonds or to open a bank deposit where you money will be being increased by adding a little % to your initial capital.
By the way I think there is one objective reason when a trader may invest almost all his capital in an asset I mean the situation when a trader is pretty sure that a particular asset will soar in future. I think in that case it is reasonable to invest a bigger part of money in a particular asset not leaving cash at all but that asset must be liquid to sell it if something will go wrong.

[pinkliar]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

This maybe applicable for those expert in trading. But with the complicity of the process, newcomers may think of it the hard way. For me, there is no bad or good move in holding as long as you just invest only the amount that does not comprehend your daily expenses.

When you are holding you need have the target amount so as long as you didn't reach that amount then keep on holding and when you are at the amount you target then its time to sell your coin. Because there is a possibility to the price of your coin to going down again.

[spirali]

Or just do the exact opposite of what CNBC recommends :

[Chachacoin17]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

This maybe applicable for those expert in trading. But with the complicity of the process, newcomers may think of it the hard way. For me, there is no bad or good move in holding as long as you just invest only the amount that does not comprehend your daily expenses.

There's no need for expertise here, and for me the most important thing here was your funds. Maybe we find it more advantage to those who had experiences, but I don't think so if we don't have enough capital to do so could probably let us move further on our desires towards trading. Most traders doesn't keep that fiat if they wanted to, because every opportunity is valuable so they tend to use that funds for definite purposes on investments as well.

[hahay]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

Yes, we know this year's bitcoin prices tend to move only in the range of $6 - $8k, if you hold fiat on the exchange you use then you can buy it in the range of $6k and just wait a few days or even hours you can sell it in the range of $7k . Falling prices now can be said not too far and tend to be stable, if you can see the graph properly, then you can still get profit from your daily trading.

[Hell-raiser]

Yeah, you are right and your recommendation is excellent. Generally speaking you are talking about the money management system which defines the rules of managing money. I would correct you it is not necessary to hold cash. It is also possible to hold money in any liquid asset which you can sell without problems in any moment of time. Why? Because money must work for youand I consider that it is better to buy government bonds or to open a bank deposit where you money will be being increased by adding a little % to your initial capital.

In fact, you don't even need that. If we put aside security concerns like don't keep your coins on an exchange, you can earn some interest on your fiat by lending your dollars (euro, etc) right on an exchange if it allows margin trading, that is trading with borrowed funds (borrowed from you, in this case). And the interest thus earned will be higher than what you would get via government bonds or a bank deposit. But you expose yourself to the risk of exchange running away with your money, both coins and fiat.

[farosa]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

I agree with you! The volatility in Cryptocurrency doesn't exist in other sectors and you should keep a part of the money for yourself. The money you save can earn to you even more at every drop of the market price. Additionally, it will not cause you to sell it at the lower price when you need money.

[Ailmand]

I think its better if you do short to mid term trading and at the same time, long term holding. You can ride with the volatility of the coins as long as you know how to trade. I agree with you that you need to keep some fiat always so that if there is a coin that has a low price or it is oversold then you can buy it using bitcoins that you bought thru fiat.

Well, although ideally that that strategy would be the better one to approach, I would say that it's always up to the market how one should handle their investments. Whether you are going for a long term or short term one, or a middle-term one at that, what's important is you're are reaching your investment goals and the profit margins you have set. That way, you can always get some returns from the capital, efforts and time you have invested in, which is always better that breaking-even, or more so, losing. In addition, holding money while investing in the cryptocurrency market is a safeguard that one should have because no one knows what will happen to the market.

[kingkonjac]

the strategy is very good sounding and I have experineced this many times, I strongly believe that if you focus and are sucessful in mid and short term trading than you won`t have to wait for the bull run as you would profit any time.

[Finestream]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

I agree with you! The volatility in Cryptocurrency doesn't exist in other sectors and you should keep a part of the money for yourself. The money you save can earn to you even more at every drop of the market price. Additionally, it will not cause you to sell it at the lower price when you need money.

Right.I always have my own personal money apart from the profit i will earn from the coins i hold.If you want to make a huge profit,it means holding it for about 3-5 years so waiting for it might cause you shortage of your pocket money.So once you see the price start recovering into a good price,you may sell just a fraction of your coins.

[wayaneka]

I learnt from the pass my mistake, and should be i keep profit in to fiat when i made 5 to 10 times profit but i did not, and finally iam  lossing much money.  when long bull market is better withdraw more than 50% of crypto in to fiat because we dont know how high the price will go.

[Arthurian60]

Holding on to Fiat when holding means you know what you are doing. Sometimes the market could go sideways and the price of coins could come down drastically. That will be a very good opportunity to buy some coins with your Fiat.

[upsidedown75]

As a 5 years of experience i tried every method for waiting optimal profit. Waiting just with a hold of any coin is not very good at short and mid-term time intervals. Generally holders wait for historical rise but it comes in 3-4 years or maybe more. So even if you wait for that rise you can gain something on short and mid-term time. Basically i assume you have some coin just sell some of them on a small rise period, price is moving with 6k-8k for a few month so when you see 7-8k prices start to sell dont sell all but some of them should be great. Even if it rises after you sell you are now waiting it to fall , and short time period it always falls just wait 1-2 months low and buy even if it drops more you basically gained profit. So if you can read some trend moves you can invest mid-term so you dont have to hold for years. If price starts to rise historically then it is time to buy.

But understanding the trend of the movement on the prices of crypto currencies is very hard you need to be lucky to make money with this buying at the low and sell them at the high but it is also a great strategy to make huge money than waiting for the prices to increase in very huge percentage.But another strategyy maybe convert them into stable coins whe the prices falls and the move again into the crypto once it reaches bottom.

You do not need to be lucky to make money in this market; all you just need is great level of knowledge and practice to be able to have solid strategy in place when trading the market without any form of emotions at all.

The emotions are bound to happen at first, but over time, as you keep practicing, you will keep gaining more confidence on relying on your strategy and always stick to one strategy and be better at it as long as it is working for you. As long as you are ready to learn, you will eventually be able to know what to do at most times.

[Azima85]

I think you are correct. However, not everyone can trade, and many people end up actually losing coins rather than making profits. So, you have to decide if this is for you or not.

[websoftwareengineer]

Iam learnt so much thing in crypto after big loss,  because i was decide to hold and the price was keep down. Iam too greedy and did not lock and take profit in to fiat when bull market, l will not do it again later and when bull market coming i have to lock some profit in to fiat and use it to buy crypto later while waiting cheapest price and good situation of market.

Your experience on cryptocurrency as a trader or investor will make you avoid losing wrong decisions in the future, that is the reason why it was ok to take risk because you might get wealthy in this industry instantly.

[TheUltraElite]

Holding on to Fiat when holding means you know what you are doing. Sometimes the market could go sideways and the price of coins could come down drastically. That will be a very good opportunity to buy some coins with your Fiat.

Its called arbitrage trading. When bitcoin goes up mooning, you can sell them for USDT and then hold the USDT for the bear market. Then you cna use that same USDT to buy a biggest amount of bitcoin. This cycle can be continued and the result is the gradual increase in the stock of bitcoin or USDT whichever you want. One volatile currency's volatility used to increase the assets against a stablecoin.

I think you are correct. However, not everyone can trade, and many people end up actually losing coins rather than making profits. So, you have to decide if this is for you or not.

You have no idea what you are talking about. Hodling fiat is important in case the market goes opposite the direction of which you are predicting it to go.

[Iykecollins]

I think this is what is known as a short or mid term trader, you do not have to stare at the computer daily, just target a good entry and make a grand exit, but sometimes this market could go crazy that your once good entry can get you rekt