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Author Topic: Good advice or bad advice?  (Read 671 times)
Magkirap
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December 11, 2019, 12:33:33 AM
 #61

But the problem is that we can not guess which coins will be able to show the same result in the future. At that time, too, not everyone bought bitcoin and other alts. Few managed to get rich. Also now, we just have to rely on our intuition and luck.
That is why believing what your coin can be in the future is important although yes it is a super hard thing to do because once a coin don't have any progress or anything that can make you stay investing or holding it you will surely leave it and i think what happened in 2017 will not happened again in the future, a different event will take place and this should be a lesson that we need to prepare our coins so that we can have a good future in cryptocurrency.



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December 11, 2019, 12:39:24 AM
 #62

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 think this is a good recommendation as long as the altcoins are carefully selected. Because these coins, one of the first in the market, found their place in the market a long time ago, and from now on it will not be easy to find such coins in garbage. We were a small village away from everyone with very few residents. Now the population has grown considerably, so things are not as easy as before.
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December 11, 2019, 12:41:51 AM
 #63

good advice, i agree. meaning that at any period we must have assets in the portfolio. to wait for price increases, we must prepare assets in preparation for price increases.
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December 11, 2019, 02:29:37 AM
 #64

This is good advice because even if you do need to liquidate an asset in your portfolio for whatever reason, be it needing capital to diversify with or simply because its under performing it's always a good idea to hold onto a small percentage of it in case one day it does become worth something significant as you mention

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December 11, 2019, 02:39:14 AM
 #65

I do not say that tron is a bad investment. Its dynamic and young CEO is doing every bit to make his project a huge success. The coin might go to the moon in the future if not at least in the near future. But in my personal opinion, I do not think any coin reaches the moon just like ripple or bitcoin as many people are getting aware of risk of investment in cryptocurrency.

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December 11, 2019, 02:41:27 AM
 #66

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 think this is a good recommendation as long as the altcoins are carefully selected. Because these coins, one of the first in the market, found their place in the market a long time ago, and from now on it will not be easy to find such coins in garbage. We were a small village away from everyone with very few residents. Now the population has grown considerably, so things are not as easy as before.
Allocating your time mostly in researching is a good idea in order to pick coin where you will make investment. There are people who investing because of sentiments and they keep losing money because they do not know the information that the coin that they bought. If we will focus on studying and researching, we can easily identify the strength and weaknesses of a certain coin.
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December 11, 2019, 03:23:45 AM
 #67

It's a good way but it should be on a certain big coin just like Bitcoin and Ethereum. Not a shadow in front of a good project could also close their project because of a trivial problem or exit scam such as IDAX. So if you want to have a long-term investment, take the top-known bitcoins or coins to avoid more risk.

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December 11, 2019, 03:26:49 AM
 #68

I think in this case there is no such thing as good advise or bad advise. It's just a matter of technique how we manage our finances well and trust it. I have done this in NXT in 2017 and then I bought it for around $ 5,000 cheaply. And a few days later I needed money for my father's medical expenses. But I still won't sell the nxt before a good time. In short, suddenly airdrop ignis come, the price of NXT skyrocketed. I sold for $ 2.8 and made a lot of profit for me. From this I learned that whatever you choose, of course you already know the risks. As long as you are sure, just live it. This is not a matter of right and wrong, but a matter of principle.



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December 11, 2019, 04:03:41 AM
 #69

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
All altcoin price is not the same how you imagine last two years, right now many altcoin become shit and do not have good price although holding for long time, I think stop waste your time with long term investment because you can use short time to get much profit because today is good price for altcoin and not have guarantee for the future or two years later become higher price.

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December 11, 2019, 04:19:49 AM
 #70

I think it's a good suggestion to always keep a few coins in a wallet for long-term investment use. i also did it i have two bitcoin wallets. the first wallet I use to save a few bitcoins that will store until bitcoin can be bullrun again. and the second I also use to save bitcoin. but this I use for short-term investments when bitcoin has increased by 30% then I will sell it and take profits. and I also have several altcoins that I also hold.

 
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December 11, 2019, 04:26:29 AM
 #71

I am personally will keep aware that altcoin and bitcoin is different. I mean from what already happen, only in a few years some altcoins is already dead and left by developer. I think that factor must be seen too. Because if altcoin already dead and delisted from market, no more chance it can accepted again because market itself wouldn't take dead coin to listed anymore. Or maybe p2p, people's trust will be decreased much if the coin already not have value.
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December 11, 2019, 04:27:43 AM
 #72

We don't know coins future and I believe every advice is good, maybe you only in wrong time and place to begin. Even expert can make mistake but the different is the fix the strategy, test again and never repeat the same mistakes. Try to take lesson and fix your problem, see you next year.

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tabas
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December 11, 2019, 04:40:03 AM
 #73

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.
You are lucky if the altcoin you have chosen still does have a value after a few years. But you can't be lucky most of the time right? you can simply expect that those coins you've left can be worth nothing instead of 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
You can be correct and have a point with that matter but it's not like it will happen again. You can expect and hope for the same but this time it's going to be different and IMO, I'm not expecting that the market will be the same but there's a valuable information that you have said. And that is to keep or accumulate as much as you can although your example is too low.

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maydna
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December 11, 2019, 05:00:25 AM
 #74

I think it's a good suggestion to always keep a few coins in a wallet for long-term investment use. i also did it i have two bitcoin wallets. the first wallet I use to save a few bitcoins that will store until bitcoin can be bullrun again. and the second I also use to save bitcoin. but this I use for short-term investments when bitcoin has increased by 30% then I will sell it and take profits. and I also have several altcoins that I also hold.

I am sure that if you can prepare for the bull run with having 2 wallets for bitcoin and altcoin at the same time, you will make a profit in the future. I also use what you did because I guess we will see the bull run comes again, and the possibility will always be there. We can use one wallet for a long term investment while we will have a chance to increase the bitcoin amount that we have by trading for the short term. We can sell some amount of bitcoin when the price increase so we can buy more bitcoin when the price is down.
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December 11, 2019, 06:06:45 AM
 #75

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

You know what is bad? The timing. Besides you don't know and no one even knows what the future holds. For what is certain right now is that, you have to do what must done right now. Well, bad market, everything is in favorable price to purchase then purchase though if you are a man of principles, and you have certain strategies to be executed then stick with it. And let what might happened in the future, and so if the market goes up then sell. That is just how it is.
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December 11, 2019, 06:15:12 AM
 #76

That is why i believe that those who entered crypto space in early 2017 are the most lucky ones compare to those who have been holding before 2017, those who created portfolio in early 2017 knows no hardship of holding for years, its all about timing

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Xxmodded
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December 11, 2019, 06:28:28 AM
 #77

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

You know what is bad? The timing. Besides you don't know and no one even knows what the future holds. For what is certain right now is that, you have to do what must done right now. Well, bad market, everything is in favorable price to purchase then purchase though if you are a man of principles, and you have certain strategies to be executed then stick with it. And let what might happened in the future, and so if the market goes up then sell. That is just how it is.
Timing is most important way how to know whit altcoin have to buy or to sell, many people keep holding although not good timing for altcoin have higher price, they trusted with altcoin back to higher again after timing is ended and bitcoin price going down. Never hope chance come once again because after you hold when price is up you can get much profit back by looking price will go higher.

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matchi2011
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December 11, 2019, 06:53:54 AM
 #78

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

You know what is bad? The timing. Besides you don't know and no one even knows what the future holds. For what is certain right now is that, you have to do what must done right now. Well, bad market, everything is in favorable price to purchase then purchase though if you are a man of principles, and you have certain strategies to be executed then stick with it. And let what might happened in the future, and so if the market goes up then sell. That is just how it is.
It's all depends from how you supposed to execute your position. It's no arguments regarding to this matter, if you can keep portions of your assets and leave it for some years inside your wallet, no one knows what will be the value of your coins after. If you don't mind letting your money to stuck and let future dictate the fate of your money.

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December 11, 2019, 07:03:20 AM
 #79

Oh, maybe you mean don't sell all of your crypto assets that don't yet have a high selling price? or hold some coins that you think have great potential in the future? yes i think this is not a bad idea, it is important for you to always renew your investment. because not all coins will be like that.

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December 11, 2019, 07:08:50 AM
 #80

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

You know what is bad? The timing. Besides you don't know and no one even knows what the future holds. For what is certain right now is that, you have to do what must done right now. Well, bad market, everything is in favorable price to purchase then purchase though if you are a man of principles, and you have certain strategies to be executed then stick with it. And let what might happened in the future, and so if the market goes up then sell. That is just how it is.
Timing is most important way how to know whit altcoin have to buy or to sell, many people keep holding although not good timing for altcoin have higher price, they trusted with altcoin back to higher again after timing is ended and bitcoin price going down. Never hope chance come once again because after you hold when price is up you can get much profit back by looking price will go higher.
Timing is important, knowing the right time to buy, to hold or to sell can help us to maximize our gains. We can never know what will happen in the future and we are just playing probability. The higher the potential of the coin that we have, the higher the posibility that it can become valuable in the near future. Holding is good but make sure that the altcoins that you have can generate profit and not losses.
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