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Author Topic: Good advice or bad advice?  (Read 675 times)
DabsPoorVersion
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December 11, 2019, 07:14:18 AM
 #81

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 not also easy to get. That is the most impotant but no one actually know when is the right time. The only thing we need is our own judgement adding with our own analyzation with the current situation of the market. A chance to get a profit is always there. It is a matter of fact of what price you buy and how you can earn out of your investment.


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December 11, 2019, 08:13:28 AM
 #82

good advice always set aside a little of your income to buy every potential coin in the future.
btc, tron, bnb are already examples, and they may be even higher the following year.
Who know  it will be moon  Smiley

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December 11, 2019, 09:17:42 AM
 #83

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

This can be a good suggestion if the coins we hold are coins that have large transactions and are actively traded on the market. During this time, I chose to sell all the coins I have and will return to buy when prices look cheaper.
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December 11, 2019, 09:22:18 AM
 #84

Knowing the perfect timing in crypto investment is really hard, to invest in any coins I always make your they are not in their ATH because it might get hard to grow higher and you will end up losing so the best time to buy coins is when they are in Red

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December 11, 2019, 09:47:45 AM
 #85

Stop clinging unto the past, focus more on the present for now and i am sure that there is more money to be made in crypto space, just find good coins to hold as long as you want, remember that its not easy to hold coins and remember that not all people start holding since 2010, some entered crypto space when the last bullrun of 2017 was already around the corner
If we compare with 2017 with now it is indeed much different and it is true that many people always compare what has happened with what is now happening and because of that they will think that what they are doing now is useless. It's better to focus on what we currently do, how we survive in this cryptocurrency market.
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December 11, 2019, 11:38:30 AM
 #86

Stop clinging unto the past, focus more on the present for now and i am sure that there is more money to be made in crypto space, just find good coins to hold as long as you want, remember that its not easy to hold coins and remember that not all people start holding since 2010, some entered crypto space when the last bullrun of 2017 was already around the corner
If we compare with 2017 with now it is indeed much different and it is true that many people always compare what has happened with what is now happening and because of that they will think that what they are doing now is useless. It's better to focus on what we currently do, how we survive in this cryptocurrency market.


Well a lot of people can't seem to let go of what happened in 2017. I mean, it's possible that we'll break all time high in the future, but you should stop aiming for it in the short term. I mean it may come, yes, but it's likelier that it'll take a long wait time. And that may come when nobody expects it. Imagine if you're aiming for that in the short term and the opposite happens. Another wave of lost money for you.

 
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December 11, 2019, 11:42:04 AM
 #87

Knowing the perfect timing in crypto investment is really hard, to invest in any coins I always make your they are not in their ATH because it might get hard to grow higher and you will end up losing so the best time to buy coins is when they are in Red
It is difficult but there is a way to find out, so increase your knowledge before you start investing or trading. because many people can do it so I think you can too, it's only a matter of time for you to be able to research the right time to buy it

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December 11, 2019, 11:42:22 AM
 #88

You are probably right.
It makes sense to keep a little different coins. Most of them, of course, will sink into oblivion, however, those that remain can rise in price by so much that it will cover costs many times.
But you can’t keep all the coins in your assets, and which one will become the champion is not known. In view of this, you should not take risks and spray too much.
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December 11, 2019, 12:03:12 PM
 #89

You are probably right.
It makes sense to keep a little different coins. Most of them, of course, will sink into oblivion, however, those that remain can rise in price by so much that it will cover costs many times.
But you can’t keep all the coins in your assets, and which one will become the champion is not known. In view of this, you should not take risks and spray too much.

there is even a strategy like 3/3/3/1 that exists. only 1 project out of 10 will be so successful that it will cover the losses that you will get from the other projects. 3 projects will bring a small profit. 3 projects will not bring any profit and 3 projects will bring you losses

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December 11, 2019, 12:26:26 PM
 #90

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
Being strategic is very important here in the crypto world. Whenever you are in great need of money, no matter how huge the amount you need, always make sure you will leave atleast 30% of it in your wallet. By doing so, you can recover what you retrieved from your investment and make it grow higher once again. If you are going to make an investement, you should not let your emotions take over your decision making because it will only lead you to the worst case scenario.
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December 11, 2019, 03:25:12 PM
 #91

You have done good research to tell us. You are right to say that we should keep some part of coins, instead of selling all because we never know when their value becomes good again so keep trust on your holdings and investments until and unless you don't have the option to sell rather than hold.

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December 11, 2019, 04:19:08 PM
 #92

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

This can be a good suggestion if the coins we hold are coins that have large transactions and are actively traded on the market. During this time, I chose to sell all the coins I have and will return to buy when prices look cheaper.
the main consideration must be the liqudity and that's a must and about the large transaction and it can't be determined whether that was a good coin or not. But the best advice should be to buy anything when it reached the bottom price. Just try to liquidate some and then try to keep the remaining amounts in our wallet.

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December 11, 2019, 04:23:46 PM
 #93

I wouldn't term it as a good or bad advice because of a simple reason - destiny! I strongly believe that destiny drives us all and if destiny says that I will die as a billionaire, I will become one! We as a commoner, don't know how and when a coin will reach its ATH and we wouldn't know when to sell it off to book profit!
I don't think it's purely destiny. Because you create your own destiny. If you work harder, you can die as a billionaire. It's not like you'll become a billionaire without efforts. Yes we don't knows what will happen to a coin for the coming days, months, and years. But if we think carefully and wise enough with our actions in selling coins, we can earn bigger profit than might even lead us to be a billionaire.

If you know how it works, we just to be smart about our decisions with our coins for a better result
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December 11, 2019, 04:24:03 PM
 #94

Hodl is not an easy thing and yes it is true that holding altcoins is a very good way to make huge profits in crypto but sometimes it can turn to loss too, some coins are good for short term hold and some for long term hold, you have to figure that out before deciding to hold for long

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December 11, 2019, 04:52:22 PM
 #95

Hmm, honestly you are making more sense due to your examples. No one really knows the exact future of a particular coin, maybe today it was just a mediocre coin but eventually boom in the future who knows? However, today's scenario are very different way back pioneer days of crypto. Tokens nowadays don't get much support. It's pretty obvious actually, like for example hoarders usually dump their token holdings with no hesitation after being enlisted on exchanges. See? They're not supporting the coin in the long run, they're only up to its present worth. So how a certain coin stabilize if that is what always happening?

The bottom line is we can't easily assume that the future of tokens at present will have the same fate as eth, bch, xrp do. Though they got same or even better characteristics than those old coins, there is still a big gap between of them simply because old alts got higher reputation than the others Smiley.
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December 11, 2019, 05:06:35 PM
 #96

in the sense that at least we must have funds withheld without having to have a plan to sell them because at least these funds can be used for urgent purposes or long term investments that are indeed to be abandoned or forgotten, it is a good idea and at least we certainly have it on a wallet or an exchange used in the past

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perfect999
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December 11, 2019, 06:09:03 PM
 #97

I wouldn't term it as a good or bad advice because of a simple reason - destiny! I strongly believe that destiny drives us all and if destiny says that I will die as a billionaire, I will become one! We as a commoner, don't know how and when a coin will reach its ATH and we wouldn't know when to sell it off to book profit!
You're very right about that — destiny. Destiny is what drives everyone, anyone that is meant to be rich will one day become rich no matter what. It's not everyone that is rich today that became rich through cryptocurrency. The world's richest men we know today, none of them had anything to do with cryptocurrency, rather they were into businesses that are completely different. So no matter what you're into, you will always arrive where you're meant to be. And that's the truth and nothing else.

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
Man you will never understand. Sometimes, people have no other option because that's their last card (money), and they need it badly for solving a problem that they are having at that moment. You can only be able to store money in your cryptocurrency wallet when you have enough to do so, and you know for sure that you can leave that money there without worrying about whether price is decreasing or increasing. If that's you, then you invest an amount and leave it there for years or till the next bull run happens.
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December 11, 2019, 06:17:12 PM
 #98

In equity trading, there is a well-known quote that 'every stock has a day', just wait for that day.
If I am not wrong you are referring to HODL. If you can keep your nerves under control you won't lose any money. Those who put there believe in BTC at the start and keep on accumulating are now whales. Every today I see the price of Bitcoin is very reasonable but most of us rather buying are uncertain about its future.

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December 11, 2019, 06:20:02 PM
 #99


It would take more than 5 to 10 years before you'll see the tokens you left that's worth 50$ to go up to thousands if its possible. Or its also possible that it will end up ZERO. You'll never know the project could SWAP their tokens to another platform and this happened already in some coins. When they swap and forget the old coins that were in the platform very different that what you have, what would the price of the coins you were holding for 5 years?  

A good advice would be to stick to the top coins like BTC, ETH, BNB and LTC. You can't go wrong with these investments.

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December 11, 2019, 06:20:11 PM
 #100

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 with you. Now is not the best time to sell your crypto assets. Right now we are at the lowest point of the crypto market and the next growth will definitely give an opportunity to earn. As for me now, most of the crypto assets can be bought at a very interesting price. Personally, I try to keep all the crypto assets received as much as possible and I hope that in the near future my expectations will be rewarded.
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