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Author Topic: Dont sell off because of the period  (Read 950 times)
unusualfacts30
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August 01, 2020, 04:51:49 PM
 #141

Am not the one to endorse all altcoin, or point someone to the direction of trading or investing in one. But am the type of investor that does believe in shaking or shivering with situation.
Bitcoin is rising and thats good. Rumors can say the up coming bitcoin halving has something to do with it.
Many are now quick to sell off altcoin that they have been holding with so much promise.
This can be of bad consequences, I am the one to always invest in BTC if I have the found to get one, but I did not invest in bitcoin because of increasing price.
What you tend to loose selling of your coin
+ all your time of investment would become in vain: long term holder of altcoin should not without a thoughtful look sell off there coin
+ things might not go as you planned: the ball can go two ways, one it can go in your favour and two go against you.

I understand that investing in something more promising -bitcoin for example- is productive, but rather than, selling off just invest in it with available raw capital.

It depends a lot on what people are investing and what is causing them to sell off. I don't think there is a simple answer to that some people sell off when they are in need of money and others prefers to hold their ground. Its always wise to move with the market but you have to take other things in consideration that are out of person's hands such as new opportunity, need, control over emotions etc.

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August 01, 2020, 09:27:53 PM
 #142

It is always depend on the person who invest and the status of his investments, i think we need to set a limit on every investment that we make, and if we think the price will meet our qualification we can sell it and gain profit. Sometimes the price is really rising and we maybe hold but in the other day we maybe loss because the price fall down very quick everything in crypto is high on volatility so proper timing is always important in every rising or falling period.
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August 01, 2020, 10:35:19 PM
 #143

Selling off or not selling at all could be risky at this moment. I sold off 35% of my BTC hodlings USDT at $11k on https://changenow.io
I'm set to sell another proportion at 12.5 - 13k, hoping to come true soon and buy back at 9.8k USD
This is simply how I roll at the present bull run, to avoid any story that touch.
This Bitcoin pump is from the lowest price in a few months 3.8k to running price. Before this pump, Bitcoin prices were here two more times and now this is the third time. Don't you think that correction time is over? After this halving Bitcoin price should be more than 12k USD. Bitcoin could dump again to 9.8k USD but chances are very low.

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August 02, 2020, 02:38:07 AM
 #144

Personally i do not believe in selling off my portfolio just because I want to hold some bitcoin. Every token have their own purpose to serve. In fact, there are some altcoins than can be of benefits than bitcoin in the future because they can bring better returns than bitcoin can bring. I will rather look for extral money to invest in bitcoin than sell off my portfolio.
Everyone will have different thoughts, but I'm sure any investment is risky. If you want to make a quick profit, altcoin will always be the first choice for you, but I recommend you only choose the coins in the top 100 CMC to minimize unnecessary risks.
I am not interested in new coins because that investment is often very volatile and often makes me lose so in recent years, I have been very careful when investing.






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August 02, 2020, 03:17:51 AM
 #145

I think the best time to sell should be at this moment while market is still green, don't aim be to greedy about profits everything will correct and will be disappointed when the market correct and lose profit, but everyone has their own way of profiting.

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August 02, 2020, 08:25:01 AM
 #146

I think the best time to sell should be at this moment while market is still green, don't aim be to greedy about profits everything will correct and will be disappointed when the market correct and lose profit, but everyone has their own way of profiting.
for some alts for example ETH and XRP I think this is not the right time to sell. first for ETH because there are a few days left before ETH 2.0 testnet and I think the opportunity to reach $400 is still there, and XRP seems to have good news so that XRP can return to $0.3 it's just that I'm not sure if the opportunity to $0.4 exists because this all depends on bitcoin too

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August 02, 2020, 10:19:14 AM
 #147

I think the best time to sell should be at this moment while market is still green, don't aim be to greedy about profits everything will correct and will be disappointed when the market correct and lose profit, but everyone has their own way of profiting.
for some alts for example ETH and XRP I think this is not the right time to sell. first for ETH because there are a few days left before ETH 2.0 testnet and I think the opportunity to reach $400 is still there, and XRP seems to have good news so that XRP can return to $0.3 it's just that I'm not sure if the opportunity to $0.4 exists because this all depends on bitcoin too
although like that ethereum 2.0 cannot guarantee that ethereum prices will always go up because what is dominant now is the price of Bitcoin, when the price of bitcoin falls as it did several hours ago then the price of all cryptocurrency will also collapse, so stay alert when you want to buy any coin that will launch an event.

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August 02, 2020, 05:09:37 PM
Last edit: August 02, 2020, 05:36:27 PM by popeye95
 #148

Personally i do not believe in selling off my portfolio just because I want to hold some bitcoin. Every token have their own purpose to serve. In fact, there are some altcoins than can be of benefits than bitcoin in the future because they can bring better returns than bitcoin can bring. I will rather look for extral money to invest in bitcoin than sell off my portfolio.
So you and OP are more like a long term holder that unless coin going very far in the future and serve its purpose? Only till that, you guys wouldn't consider selling? If everyone in crypto like you guy, I'm betting we going thru many price increase by now cause no one wants to sell.
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