I believe this is the way

[Squezzi55]

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot up like double Profit up to 2x and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

[amishmanish]

While this strategy sounds simple enough and everyone knows about it, there are subtle issues with this:

Buy a coin and hold like you intended but take profits when the coin shoot for the sky

You see, 'sky' has no limit. How do you define 'sky'. 2X, 3X, 10X. What is you take profit at 3X and then it goes 10X?

crypto is like a circle, there will be pumps and there will be dumps,

Its not a circle, its an inward spiral that has the possibility of teleporting to the outermost fringes depending on twitter shilling. Most of the crypto is just an arrow down. Whatever goes up, WILL come down. There is no need to pin long term hopes to any of these projects until you are actually using their product and getting involved as a "creator", thereby profiting from whatever new market this token creates.

Small investors who read about dev promises and get impressed by Medium posts and decide to get emotionally invested in a project for holding long term are just bagholders. If you buy anything without understanding the business proposition and becoming a part of it yourself, you will ultimately only end up providing support or liquidity to those smarter than you.

A much better strategy is to keep a target and get the heck out as soon as you can. As long as its not a loss, you should be happy. Only a few get lucky at the cost of a lot of other hopefuls like yourself.

[Dariusburst]

While this strategy sounds simple enough and everyone knows about it, there are subtle issues with this:

Buy a coin and hold like you intended but take profits when the coin shoot for the sky

You see, 'sky' has no limit. How do you define 'sky'. 2X, 3X, 10X. What is you take profit at 3X and then it goes 10X?

crypto is like a circle, there will be pumps and there will be dumps,

Its not a circle, its an inward spiral that has the possibility of teleporting to the outermost fringes depending on twitter shilling. Most of the crypto is just an arrow down. Whatever goes up, WILL come down. There is no need to pin long term hopes to any of these projects until you are actually using their product and getting involved as a "creator", thereby profiting from whatever new market this token creates.

Small investors who read about dev promises and get impressed by Medium posts and decide to get emotionally invested in a project for holding long term are just bagholders. If you buy anything without understanding the business proposition and becoming a part of it yourself, you will ultimately only end up providing support or liquidity to those smarter than you.

A much better strategy is to keep a target and get the heck out as soon as you can. As long as its not a loss, you should be happy. Only a few get lucky at the cost of a lot of other hopefuls like yourself.

What goes up must come come down like you said but are you saying a coin that goes down wont go back up again? I believe the reason why this guy or girl wrote that crypto is a circle is the ups and downs, while a coin goes up and you take profit before going down opens door to another opportunity

[Dariusburst]

Bear market opens door to buying season and bull market opens door to selling and taking profit season, the problem is many don't know when to go in and when to get out, both ups and downs in crypto space has their advantages and mind you make sure the coin you holding have the habit of recovery, my perfect guess is NEO.

[benthach]

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

you need to know people regret and start having problem to see their sold stock/crypto being shoot up then keep shooting up, people can handle with lose but people can't handle of what they could of have. no one can predict the future. think about these two scenarios.

[TanakabZX]

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

you need to know people regret and start having problem to see their sold stock/crypto being shoot up then keep shooting up, people can handle with lose but people can't handle of what they could of have. no one can predict the future. think about these two scenarios.

People can handle loss but can't handle what they could have become? Bro half bread is better than none, I prefer having something on ground than having nothing, people who thinks your way are greedy people who will never be satisfied with what they have.

[benthach]

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

you need to know people regret and start having problem to see their sold stock/crypto being shoot up then keep shooting up, people can handle with lose but people can't handle of what they could of have. no one can predict the future. think about these two scenarios.

People can handle loss but can't handle what they could have become? Bro half bread is better than none, I prefer having something on ground than having nothing, people who thinks your way are greedy people who will never be satisfied with what they have.

i just want to point out the scenarios. why the judging and personal attack?

[Ziskinberg]

We can still be successful even holding, as long as you are not greedy you will find the best way to sell your holding.
It could be a cycle, where we will see a pump and dump, but we always see at pump.

Here's a simple example to prove that holding is an effective investment strategy.

Bitcoin before was price $100, if you buy and hold it until now, you can still sell it with a profit because bitcoin never goes back to that price again.
The problem is if we limit the price appreciation of bitcoin, that's where you think it will just move at a certain level only.

[Genemind]

I learned this lesson the hard way. When I was new in crypto, I trusted it like crazy since I became active when the bull market started and thought there is no other way for the price but to go up. I HODL bounties that I believe for several months some stayed with me for a year. I lost a lot of opportunities to earn, and I am left at the lowest price unable to sell and make a profit from it. Sell when the price is roght and buy back at the lowest possible price.

[bits4books]

I think it will sound rude but - if you want to earn money, then go to work and develop yourself as a specialist. Why do you need cryptocurrency for this? You understand that people like you continue to kill not only the community turning it into a bunch of speculators and traders but also kill the tool itself?
What difference does it make to you - get dollars right away or spend them first to buy something else and then sell for a higher price? You might as well be reselling ordinary items.
You can answer normally - why do you need cryptocurrency? If you think that this is just a tool for making money then you do not need it because you will kill it.
You don't even want to see the potential inherent in this technology - you only care how many fiat you can raise on the purchase and sale. Again , you don't need cryptocurrency, go trade vegetables.

[Nekonoid]

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

you need to know people regret and start having problem to see their sold stock/crypto being shoot up then keep shooting up, people can handle with lose but people can't handle of what they could of have. no one can predict the future. think about these two scenarios.

People can handle loss but can't handle what they could have become? Bro half bread is better than none, I prefer having something on ground than having nothing, people who thinks your way are greedy people who will never be satisfied with what they have.

This is the reason why people continue to invest even in spite of losses. They hope to make profitable investments and to earn more money. Now many projects us PoS algorithm and offer to earn money on staking for token holders. To earn more it is necessary to learn more. This is an article about staking system https://medium.com/bonfiorg/introducing-bonfi-web-staking-7368467d18cc

[goaldigger]

Don't attached too much emotion on your coins, it is meant to be sold so if there's a chance to take profit, do it. Holding still requires good skill because you have to know when to sell and buy again, don't just hold without a plan its too risky. This is a simple rule in holding good coins, because you might missed the opportunity if  you are just holding without clicking the sell button. I do hold good coins but there's no specific time to sell, just an specific price and I don't want to be more greedy if the market already hits my limit, then I will sell.

[umbara ardian]

I want to let you know that this is not just one way.

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

With what you want to mention, I can immediately relate to the law of universal gravity. It's like sending your positive thoughts in return for the things you want. This also applies to me at work, not just crypto.

[jessyj48]

This is the best advice ever, some won't agree but I completely agreed because it has happened to me many times, holding coins since 2017 because I believe they will bring insane profits later but today it's like losing 3000$ to 3$, my portfolio bleeds out and the pain stuck in for months before I finally get rid of that bad feelings, if I'd take my profit then I would be in better shape today

[xSkylarx]

Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

The problem is some of us bought in the FOMO stage. We are being hyped that we bought at a higher price. Once that coin is not trending anymore it will take some years to sell it for a profit. I myself is guilty of that. I can't sell the coin now because it's half the price compared to when I bought it. I just hope that next year it will pump because of the recent adoption it got.

[Anarchy101]

Taking profit is key to being a successful trader. Once you start trading with emotions, greed sets in and, this greed can be really really bad for your portfolio because around 80% of the people lose money when they let greed take over. Happened to me countless times.

[Mahdirakib]

This is not a new thought. Many crypto investor and holder following this method from earlier. The people who does it perfectly stays in good profit always. But for doing this someone need to observe the crypto market with much effort. Cause it's hard to know when the price will reach high and how long it will stay at low while it gets dump. As a result it creates a lot of pressure to them. While you hold crypto for long term you can stay stress free most of the time. There are different kind of crypto holder. Some tries to make out profit within short time. And they follow the way, what you have described.

[Stanlo]

I think it will sound rude but - if you want to earn money, then go to work and develop yourself as a specialist. Why do you need cryptocurrency for this? You understand that people like you continue to kill not only the community turning it into a bunch of speculators and traders but also kill the tool itself?
What difference does it make to you - get dollars right away or spend them first to buy something else and then sell for a higher price? You might as well be reselling ordinary items.
You can answer normally - why do you need cryptocurrency? If you think that this is just a tool for making money then you do not need it because you will kill it.
You don't even want to see the potential inherent in this technology - you only care how many fiat you can raise on the purchase and sale. Again , you don't need cryptocurrency, go trade vegetables.

These people are talking out of experience, how many crypto projects are into real use case today? They are just there for nothing, even payment projects, no single person is using them for the real reasons they are built for, instead they lose value in the process, for a technology to survive you expect me to lose all my money? Mate it's always about the money, minus bitcoin and ethereum it's always about the money

[Francis Freeman]

We all want to be rich in crypto space, I get it but there is possibility that what we want to achieve may not come to past when we plan only to hold coins and tokens for years but how about


Buy a coin and hold like you intended but take profits when the coin shoot for the sky and buy back when the coin dumps, crypto is like a circle, there will be pumps and there will be dumps, in that process of taking profits and buying back you will end up wining both ways, whatever happens you won't entirely lose out.

Think about it

What you are talking about is pretty obvious and sounds too easy but the real problem is in identifying what is really the sky for nay project?

What if you turn out to have sold out at a mini pump ? It all depends on the type of project that you are invested in , if it's a just a hype small term project or a project that focuses on the longer run.

[so98nn]

I am not sure since when you are in the crypto space but what you just stated here is the traditional stuff!

What I mean is, everyone whose little bit old here knows this strategy of earning money. Mostly from the bitcoin investments. It's already known that bitcoin keeps fluctuating in between the prices sometimes it go skyrocket but still the formula is to keep the investment as it. When it's down, buy more, stock up the pile and keep holding.

Now, the plan here is to wait for more than 3-4 years which is pretty good time period due to the forking fact which comes every 4 year. It is a time when crypto always hikes a lot and then you can release your stock pile for highest available rates.