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Author Topic: in between the decision to hold or sell  (Read 1711 times)
CaptainCrapper
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August 12, 2021, 05:38:13 AM
 #241

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
It depends on the type of coin so I can say if you hold BNB or other own block chin coin I will tell you plz hold it and if you tell another meme or valueless coin then I will advise you plz when pump more sells it and when down market then buy it that's the strategy.
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August 12, 2021, 05:45:06 AM
 #242

It depends on the person itself if he really needs the money then he can sell some of it and hold the remaining if he's didn't need it and the market shows continuation of the uptrend then it's good to hold it, if that's me that's what I'm going to do.

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August 12, 2021, 05:55:03 AM
 #243

-snip-
That's true, but you should choose a coin with a big marketcap like the current top 100 to 200 coins.
if a coin has reached a new ATH then the coin takes a long time to reach a new ATH again, because the market situation is very difficult to predict, then the advice you give is Hodl.
Hodl is good for long term investment, but you need to give it time to make a decision when selling it.

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August 12, 2021, 03:32:30 PM
 #244

if your friend is sure of his choice why not, it doesn't matter. it's better to profit little by little than to lose because you sell below your purchase price. But if you are still patiently waiting, it's better to hold the coin for a while. Hold is definitely much more profitable but requires extra patience. many investors have to sell cheap and lose money because of the sudden pressure of money. Therefore, it is also important for your friends to consider their primary interests and other interests.
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August 12, 2021, 03:44:43 PM
 #245

if your friend is sure of his choice why not, it doesn't matter. it's better to profit little by little than to lose because you sell below your purchase price. But if you are still patiently waiting, it's better to hold the coin for a while. Hold is definitely much more profitable but requires extra patience. many investors have to sell cheap and lose money because of the sudden pressure of money. Therefore, it is also important for your friends to consider their primary interests and other interests.

Everyone has a different profit target, so if someone decides to sell their coins only for a small profit, that's not a problem. Because small profits
if collected patiently can be big too, or there are people who choose holding because they can be patient waiting for big targets to be achieved.
That too can be done, most importantly we do not sell coins below the price we bought. Don't sell coins out of panic and follow other people's advice,
we must be able to make our own decisions depending on the results of our own research and analysis.

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August 12, 2021, 04:07:04 PM
 #246

I think you made a very good decision for your friend. You helped him make his own decisions. It is difficult to make an exact decision about crypto. Rather we can give him a better idea about the project that you have done.

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August 12, 2021, 04:30:02 PM
 #247

Before deciding on holding or selling a coin or token, I think two Important factors needs to be considered as that is what I believe will guide the user or investor, the first is holding a good coin, this is because by Investing in a good coin, you will have the confidence to hold while holding another sort of coin, your mind will be in your portfolio and once dumping sets in, you will rush to sell. Secondly, another thing to consider is a selling point or what I call a target price; if you don't have a target about a coin, you will just be holding even when you are to take profit and invest in other coins, you won't be able to do so, because you don't have a target.
Therefore, having a target and holding a good coin, one can be able to know when to hold and when to sell. Anyone holding a pump and dump coin, or a coin whose team are only good in hyping it without presenting anything good, the person is ought to know when to sell, but for coins whose team are actively working, the investor will be encouraged to hold but with a clear mindset.

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August 14, 2021, 12:39:30 PM
 #248

My answer is the same as your friend, if you already get profit, sell and if you don't get profit, you can hold. this is because so that we can take advantage of profit opportunities better than we sell at low prices, but we only become spectators when in the future the price rises
Selling when in profit ain't a bad idea in my opinion, but sometimes you might just realise that you sold too early, AXS was at $4 a few months ago and a friend of mine sold his bags since he was in profit like you said, but check out the price of $AXS today it went to $75 , I just wonder how it would have been if he never sold too early, since we can't predict the future it  hard to know when to hold or sell off.
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August 14, 2021, 02:14:38 PM
 #249

If you hold, you must see the boy coin and hold. If you can hold, you can benefit a lot at once.I can give you a list of some coins to hold. These are the coins that you will buy and hold
Bitcoin
Ethereum
Bnb
Etc. If you hold all these coins, you will benefit a lot in the future. So I think holding is much better than selling.
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August 14, 2021, 08:22:13 PM
 #250

Considering the situation of things and how urgent whether he needs the money to sort out some stuffs. I wouldn't have given him any advise better than you already did. And the reasons for that is not far fetched. If you advised him to sell and the following day the price of the coin goes up by a reasonable percentage, he will definitely put the blames on you. Having being the one that advised him to sell it. And if the price of the down came down vice versa, he might be thanking you also for advising him to sell it. But you did your best to make him see that the coin is a good one that has potential of doing good later in the future.

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