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December 10, 2019, 01:15:18 PM |
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Sometimes we underestimate the coin and don't expect that coin can be worth it in the next year. I think we already see that before and now, many altcoins still have the potential to increase in the next year. But I think the situation will be different now as the altcoin still not rise higher than the last year. But we see that some altcoin is still trying to break the higher price so the chance will be there. That could be good advice not to sell all of the coins and leave some amount for the next waves. But if we can compare bitcoin and altcoin, I think it is worth to have bitcoin than altcoin to be held for a long term because bitcoin price will increase in the long term while altcoin cannot always increase in the long term.
That coins are the potential ones, we never expected that the price of bitcoin will become expensive. People who bought bitcoin when it is still cheap are very lucky. The thing is you are never sure if the coin that you are holding will become expensive in the near future. Make sure that before you hold a coin, you know information about it and you are that having it is really worth it.
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Google+
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December 10, 2019, 01:20:06 PM |
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from the case that you experience I think you should be able to learn from the experience of a few years ago when the price of coins is still cheap you can buy as many coins as you can and after that if you are in need of money then you can use other money without disturbing the existing money in the exchange so you will enjoy a lot of profit and can grow your trading capital.
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duuuuude
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December 10, 2019, 01:26:19 PM |
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You are talking about the old days when there was an era of the emergence of crypto space and the entire crypto community was looking into the bright future which in turn allowed to inflate such prices for coins. Now the situation is different, the market is oversaturated and there are many other problems associated with the popularization and integration of cryptocurrency into society.
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InwardContour
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December 10, 2019, 01:35:19 PM |
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Let me be candid here, If you needed money for very important reasons and your crypto holdings are your last resort, it's not bad selling off. For instance you need money for a major operation or treatment of a life threatening health issue, and it means selling your crypto holdings to remedy the situation, it's human to sell unless you are deceiving yourself. If it's a minor issue that doesn't warrant you to sell off your holdings, then there is no point selling off everything. Holding is good yes, but wisely.
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LbtalkL
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December 10, 2019, 01:37:03 PM |
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It is really hard to predict when to buy or sell cryptocurrency is really volatile and unpredictable, It is easy to say I hope they didn't sell their coins at a lower price but we are not in their shoes. In history, bitcoin has been leading these ups and downs and altcoins follow after a Bullrun bitcoin loses 90% or more of its price and then reaches new ATH after a couple of years I hope history repeats itself in the coming bitcoin halving and all we can do is believe.
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anjiitem
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December 10, 2019, 01:41:17 PM |
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I must say that its a good idea to leave few coins when you need to sell them becuase we don't know what will happen in the future. Crypto market history may repeat but it might take some years considering the market movement these days. Everyone is waiting for another bullish market and if you want to maximize your profit, just hold and buy more during dips.
Many people are waiting for things where the price of all coins increases and they can get a lot of profit from it. And to buy more coins when prices are falling is indeed the right thing to do but I think it depends on whether or not the person is waiting for the altcoin season.
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betty11
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December 10, 2019, 01:49:36 PM |
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Cryptocurrency is highly unpredictable, sometimes you leave your coin and it dumps without any hope of ever recovering, and at another time, you sell and it just mooned and you loss a great opprotunity of fortune. If one can cope with the HYIP of rising and falling of altcoins then it's okay to hold for a long term, not everyone can cope without with holding their altcoin for too long due to market condition.
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Fatunad
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December 10, 2019, 01:50:19 PM |
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It is really hard to predict when to buy or sell cryptocurrency is really volatile and unpredictable, It is easy to say I hope they didn't sell their coins at a lower price but we are not in their shoes. In history, bitcoin has been leading these ups and downs and altcoins follow after a Bullrun bitcoin loses 90% or more of its price and then reaches new ATH after a couple of years I hope history repeats itself in the coming bitcoin halving and all we can do is believe.
It's not that hard if you have an information from the past but I do agree that it is for newbies to literally predict the market price when they don't even know what is the origin. Just like OP did he managed to get the profit that he wants because he keep searching for the valuable token and not just some random token which is out of the top coins in marketcap. Indeed, there are selected altcoins that can gain some prices when the market started to go bullish.
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mirgo1791
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December 10, 2019, 01:56:50 PM |
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i have different token on wallet as might trader might have with decision on purchasing with least of price but sometimes i do not like their price as they speaks of poor english as indonesian kids/people... i decide to keep them away as might they ruin my work with the project to release for pupils of indonesia.
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xiboothrezi
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December 10, 2019, 02:02:41 PM Last edit: December 10, 2019, 02:23:18 PM by xiboothrezi |
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That's what I always say, cryptocurrency is always full of surprises, we never imagined it but it turned out to be an amazing surprise. I have experienced that, when in early 2018, I had a bounty reward that was not good enough so I ignored it and left it in my wallet, and when I needed the money and opened a wallet it turned out to be valuable, enough for one month's needs. So, when many friends started giving up, I chose to stay here, because there was still hope OP's advice is pretty good. So, if that is possible, leave a few coins or tokens in your wallet, let alone a potential one, who knows it will be very valuable. But don't expect too much, just pray that good luck comes again.
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Davian144
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December 10, 2019, 02:07:54 PM |
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Its a good advice, whatever coins or tokens i earned i always make sure i sell some and hold the rest and that is even if the project looks very promising, holding new coins can be devastating at times, they can die even before a year or two
Right, because not all new coins are worth holding, unless the project is really real, then there is something we need to hold, because the price of new altcoins on the market will quickly change and even tend to fall in price when there is a lot of supply to the exchange.
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Zdraste16
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December 10, 2019, 02:10:15 PM |
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I believe. HOLD token, some projects that may become relevant after some time, can bring a decent income. There is no guarantee that this will be so. But I made such a decision and I will not regret it if my plan does not work. But if everything goes according to plan, I will be very happy.
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acdc
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December 10, 2019, 02:13:49 PM |
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The strategy you give is very good, in fact I never sold all the money I had. I usually sell 90% of the coins I have, the remaining 10% I will put away somewhere and forget it. Very likely in the future that small amount will bring me a large amount of money. If everyone remembers the Nano coin (formerly XRB) knows that if everyone initially kept $ 10 XRB then only a while later they would have $ 40k. Of course, such cases are very unlikely, but we absolutely have the right to hope.
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Dart18
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December 10, 2019, 02:19:08 PM |
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In short, I call it greed. You see an opportunity to sell at a higher price and so did you. But regret comes afterwards and you are thinking you should have not sold. This happens mostly with ICO campaigns. How should I know that, Happened to me once and I did regret it. But I would never go far into posting it as a new thread.
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imstillthebest
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December 10, 2019, 02:20:52 PM |
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so basically the title of your thread asks if your advice given on the op is good or bad ? well if that is then id say that your are right . its a good advice but its an also an old advice and many people knew this stuff already .
ever since the crypto began people see the flow of cryptos and they see that crypto have the potential to fly the longer they exist on this world its because people eventually entering crypto . this is why people also left some coins to assume that they can earn huge income in the future .
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ecnalubma
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December 10, 2019, 02:23:42 PM |
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I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
Yes sometimes its better to keep them for years than selling it at huge loss it will be more regretful if you see those you already given up skyrocket in the future. Though its very nasty to see some coins lost their 90% value but we cannot consider that it is over yet.
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smyslov
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December 10, 2019, 02:40:43 PM |
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I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
Not all coins are created equal there are coins that worth keeping in your wallet and forget that you have I'm glad that I have kept some of my Ethereum and sold it when it hit an all time that's 20 times profit, I have kept some coins, on my wallet coins that I think will have a good chance to make me ten ti 20 times profit, now that halving is approaching people should hodl not only Bitcoin but altcoins as well.
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mamahdedeh
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December 10, 2019, 02:45:53 PM |
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I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
Yes sometimes its better to keep them for years than selling it at huge loss it will be more regretful if you see those you already given up skyrocket in the future. Though its very nasty to see some coins lost their 90% value but we cannot consider that it is over yet. for potential projects, of course this is not the end of a failed project. so it never hurts to hold it for a long time, rather than we lose quite a large percentage. especially with the intention of early long-term investment, of course we must stick to the original plan, indeed this time our psychology is tested, and therefore we do not indulge in emotions for a moment
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BeManga
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December 10, 2019, 03:51:52 PM |
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I spent most of my time doing research on many altcoins, their old price to the present value and i find out that even if you sell your tokens today leaving few tokens worth few dollars for many years can worth something. For example if you left 9$ worth of bitcoin in your wallet since 2012 you would never have imagine what it will become today, in jan 2017 you can buy 5000 pieces of Ripple at 0.007$ which costs 35$ and in jan 2018 a XRP cost 3$ which turns 15000$, there are many examples like this on CMC, remember Tron too? My point is its bad selling off all your coins, if you needed money that bad always leave coins and tokens worth of few dollars left in your wallet just in case
i agree some of the coins can become big someday it just takes a lot of time and we just need some patience i also believe in it that's why if the coin is only worth a few dollars i only just leave it in my wallet
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Greatchu
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December 10, 2019, 04:59:04 PM |
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Do not mind those saying its all in the past like it will never happen again, many new projects will come into this space starting from now and the lucky ones will be the early adopters, keep doing what you do best
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