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Author Topic: Mistake you should avoid when holding your Altcoins  (Read 24195 times)
tranquangvinh
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January 21, 2019, 02:43:04 PM
 #21

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks


My case is like you, I didn't sell my coin and wait for the bull market and now I have to become a holder even though I don't really want to be, hoping the bull market will soon come
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January 21, 2019, 02:46:08 PM
 #22

fud is an important thing to avoid when we use a coin. for example we are hodl etherum for the long term and then a news appears that vitalik butterin will come out and then etherum will be destroyed, then we sell etherum even though the price is still low and cut loss. this is not true and should be avoided, whatever is called fud is an attempt to make a big dump, so keep the hodl waiting for the pump.
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January 21, 2019, 02:59:28 PM
 #23

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks


My case is like you, I didn't sell my coin and wait for the bull market and now I have to become a holder even though I don't really want to be, hoping the bull market will soon come
But it will be much better for us to release some of out portfolios and then try to get more profit from the marke. The bull market can't be predicted and that means there was no estimation about when that will come to recover the price of crypto.
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January 21, 2019, 03:04:17 PM
 #24

It seems to me that we still need to understand that there is a time when it is better to sell, and there is a time when you need to buy, that is, you need to constantly rotate the cryptocurrency and do it all the time, so to speak now about what I have done is not so late.
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January 21, 2019, 03:18:26 PM
 #25

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks


I was in the same situation as you. In the end of 2017, when there was a big rise in prices on the cryptocurrency market, I had high expectations, and I kept my coins, in the hope that their price would continue to grow, but the situation only worsened and their price decreased. Now I have sold some of them, significantly lower than the price that was, the rest I hold. Therefore, I also learned a lesson that gave me a bear market.
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January 21, 2019, 03:19:16 PM
 #26

Many people have different opinion about holding coin. While some are holding just to make quick profit some are really investing in a project that has potential of being big in the future. A lot have been said about bull run and if you are one of those waiting for bull run, you will have to wait forever. Investing in crypto is not do or die affair. Do not invest because you want to make quick profit all else you we be disappointed. Always invest for a long time gain. Even as many project have lost their value more than 1000%, you should not be surprise some of them will not even rise well if bull runs start
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January 21, 2019, 03:35:55 PM
 #27

At the time when my friends were holding tokens I sold these tokens and now I regret only that I did not sell everything. It is worth noting that some coins did a large percentage after the bounty and just such coins I keep.
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January 21, 2019, 03:43:54 PM
 #28

Practice shows that in a bear market it is best to sell the received coins on time.
Unfortunately, most of the coins of new projects will fall in price several times before the next bullish run, and probably will never recover.

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January 21, 2019, 04:04:00 PM
 #29

That is the hardest part when you are holding a newly listed ICO project because you'll never know when it is pumped again. It is being normal that after listed in exchange it will dump because of the hunters will sell their shares. Good thing if the owner of that project having a buyback, you will know which better you think that profitable to hold. Be smart and do research if you are holding the coin and stick into their community group to know the progress and the latest update.

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January 21, 2019, 04:08:55 PM
 #30

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks



This is not only your own experience but also mine and many people. In a gloomy market today, it is better to sell when you feel the price is acceptable. It is different from holding coins and waiting in the bull run market.

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January 21, 2019, 04:12:58 PM
 #31

I do not think that it was a failure. I am making the same. I have participated in a lot of bounty programmes and I am still holding 70 percent of all my earnings, because it does not make any sense to sell you hard earned tokens below the token sale price. Keep holding.
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January 21, 2019, 04:17:54 PM
 #32

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks



Mistake is letting you lose your investment in a lower price or basically lose it since you sell it in a very cheap price in compared to the initial price you buy it at the first place in joining the cryptocurrency space.

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January 21, 2019, 06:25:17 PM
 #33

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.

I think you all should learn from my mistakes and never wait for bull run because nobody knows when the bull is coming because of the volatility of the market. Sell when you have decent profit and not waiting till you have a large profit. Thanks

I made the same mistake in 2018 with projects like DRGN and AIX, but I think I learned my lesson the hard way.
A month or two ago I decided to sell all those losers and never look back at. Then I decided to focus my time, energy and money on new projects, doing more due diligence.

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January 21, 2019, 06:41:04 PM
 #34

I don't agree with you. As for me, I have enough spare time so I can easily participate in bounties. And I'm ready to wait a few years before I'll earn really huge money from bounty.

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January 21, 2019, 06:44:16 PM
 #35

I don't agree with you. As for me, I have enough spare time so I can easily participate in bounties. And I'm ready to wait a few years before I'll earn really huge money from bounty.

Thats what im doing aswell Smiley Just trying to accumulate as many as i can from alot of projects . Hopefully i will hit one that will be in top10 coinmarketcap . I can wait few years and see where it goes
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January 21, 2019, 07:02:29 PM
 #36

to work on decision as investors to collects of return as expending use of spares on possession with the resource and funds on exchange and manage to lasts as the terms of plan with the business on crypto finance.

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January 21, 2019, 11:27:49 PM
 #37

Taking the profit is important as holding your altcoins during the bearish market is very risky, especially if you hold non established one.  Their value could go down near to zero.
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January 21, 2019, 11:36:02 PM
 #38

Early 2018 I had different altcoins via bounties, airdrops and small investment in ICOs. But the major mistake I made was waiting for bull run to come so I could sell and make large profit. But atlast the bull run never came. So I had to keep hodling till I got stocked in the Bear market.
It is your choice on when you will sell your tokens/coins. There are those people that experienced the same as yours but there are those also that gain more profit though holding. Bottom line here is that you should monitor the price movement on the market and monitor also the development of the project because that is what will drive the price on the market in my opinion. 
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January 21, 2019, 11:52:47 PM
 #39

I am in the same condition as you. I got and bought a few tokens and waited to raise prices. But everything goes against my hope. In 2018 was a bad year for crypto. It has made the holders lose too much money and hope.

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January 21, 2019, 11:55:56 PM
 #40

we have to know the market conditions before deciding to sell coins, in 2018 there was a different bearish situation in 2017 which experienced bullish, so it doesn't need to be regrettable because this is part of an experience that will lead to future success.

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