Mistake you should avoid when holding your Altcoins

[m.rifki]

I perfectly understand the problem you are talking about, but how to sell the tokens you received for participating in Bounty companies, which practically cost a few cents and a few dollars. If we take into account the price and Q companies of such projects, then their price can be very high and therefore everyone is trying to wait for the bull run.

everyone really has to wait for an increase if they want to get more results. because if it's sold now I think the altcoin value that we get from joining a bounty campaign won't feel satisfying. now there are not many bounties that pay their participants really valuable, many of the bounty tokens only become trash in the wallet.

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[mrkavasaki]

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 think the uptrend will return, at some point when the market has what it needs. And I don't know exactly when, so I opted to look for real potential crypto. It can survive in the bear market for a few years and will not become a dead project, which is what we need to find in the present time.

[moschinot]

I believe that at the earliest opportunity you should sell your altcoins that you received thanks to Bounty.

[BanaCrypto]

holding the right coin is the real deal , sometimes the timing is very important because waiting brings losses

[Kiefner]

It seems to me that this is the most common mistake of all who invested in cryptocurrencies, but I think that the market will grow even more than its last peak, so it is possible to leave in the long term in anticipation of a new bull run.

[dimastegar]

Same as me. Often when the price of an ICO coin is high, I always lose the moment to sell it. Because I think the coin can still rise in price even higher. But because of greed, I lost profit.

[nemey]

Based on my personal experience, there are several things that we must avoid when holding the altcoins for a long-term investment.
First is always looking at the market price, when it is always red, we will be panic and afraid, whereas we are looking for holding coins
Second, we cannot determine which coins are best for long holding term so that we cannot maximize the prospect of the coins
Third, we are too panic in facing and seeing the market progress, we are afraid that we cannot get profits after holding the coins for long time.

[kuverty]

I believe holding strong coin will pay off big but if it doesn't then the worst thing that could happen is that the market disappears. I do not believe this will happen.

[AwoCorporation]

I believe holding strong coin will pay off big but if it doesn't then the worst thing that could happen is that the market disappears. I do not believe this will happen.

the crypto market will not disappear, but we must choose assets that are truly strong and can withstand difficult market conditions. many new altcoins have emerged, but few of them have been able to survive in the crypto market. all depends on the capabilities of the developer.

[fakegurutu]

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

 well my biggest mistakes so fae that i can remember was when that coin that im holding were pumping and i was like "im gonna hold on for awhile" it was because i have a target price and once it hit that price that im waiting, im gonna sell my coin, but to my dismay, that coin stop pumping and everyone dumped it and the price decrease rapidly.

[Xtinah]

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

You are right but sometimes it's just luck. When you sell off that's when the price increases and when you decide to HODL, the price dips,especially the period of 2017- early 2018 before the bear season. I remember I sold my ethereum blue gotten from airdrop for just 200$+, within 3weeks the same amount I sold got to 22000$. I am still feeling bad about it. I decided to hold other coins so as not to repeat the same mistake, but they dipped instead of increasing.

[sakuragi21]

The mistakes you must avoid are panic selling and rush selling, dont be bothered by the situation of the crypto market. the reason why you hold coins is to increase prices so you get more profits.so dont waste your time to wait if you rush sell your coins.

[tabas]

Thanks for sharing your experience but we are on the same boat. I'm also greedy before and confident of not selling my coins before though I can already make that much profit. I lost a big figure and I really feel sorry about what I did.
It's a lesson learn and I'll definitely not going to commit the same mistake again.

Almost all of us here are guilty of the same crime, greed. But if you look at it, we never really recover from being greedy. We always want more and more moon before we sell. It's our natural way of life as man is insatiable. Hopefully we will be able to tame it because to get rid of greed completely looks kind of impossible

It's a mistake that everyone has committed before and I'm sure that all of us learned from that already. We all think that the market should increase by that time and we're all wrong. Yes we became greedy but that's already a lesson that we should take with ourselves.
I'm not greedy anymore after that incident and I'm very much okay with the amount that I'm earning upon converting it to cash.

[Henisusan]

Holding coins is indeed an effort to avoid losses. And that sometimes keeps us upside down and increasingly falls in losses. And this also depends on the coins you hold. If the coin still has potential, I think you have to bear it, but if you have entered the stock exchange, you can sell it directly.

[TomArayaSlaya]

Is a very bad idea to hold coins that you have some doubt is better to hodl half and sell half then buy back at the dip because the reality is market can come to hurt you anytime so you just need to be very watchful of what you do

[akram143]

Is a very bad idea to hold coins that you have some doubt is better to hodl half and sell half then buy back at the dip because the reality is market can come to hurt you anytime so you just need to be very watchful of what you do

At this situation holding will be a difficult thing for a person to stay stronger for a long time because the current scenario will not be yeah good situation to made consistent holding a long period in rumours and lot of confusion will going and here to confuse ourself so following some of the experience to people strategy will be good for us to make correct move

[babicena14]

I agree with you, you should never hope for any event, you should always have a plan of action. When you get your coins, you feel like bullrun will make you rich, but it takes a week, a month, a year and you realize that the market is still bearish. In order not to get into this situation, you should constantly monitor the rate of your coins. Perhaps the project will bring you profit much earlier than you think. It's better to have a couple thousand dollars in your pocket than to dream of tens of thousands.

[ereborltc]

Thank you for your reminder that during the bear market, it is impossible to predict when the bull market will come. You can only do some short-term trading now, or hold it for a long time.

[cribusen]

It is a much better strategy to sell a part of your bounty tokens directly on the first exchange and to hold another part on your wallet. You will get some ETH at the beginning and would gain good profits when the token increases its price.

[Firefoxx]

This is terrible advice, in so many levels! Your bad experience isn't another person's bad experience, the bounties you do are not the bounties I do.. so we seem to have different experiences so far.