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Author Topic: I believe this is the way  (Read 804 times)
Balladtony77
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October 31, 2020, 03:51:58 PM
 #81

I like buying when price is down and wait for some recovery to sell back, repeating this process can earn you neat profits but it's not a instant something, can take days for your sell order to process and make sure you are using a very good altcoin or better stick with bitcoin instead

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October 31, 2020, 04:14:40 PM
 #82

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.

NEO still resembles me a crypto hype coin.  Simply there are too many Asian guys dealing with cryptocurrencies. When thousands of them call NEO “Chinese Ethereum”, the rest people start to believe them and rush making investment in this altcoin.
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October 31, 2020, 04:52:23 PM
 #83

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.

NEO still resembles me a crypto hype coin.  Simply there are too many Asian guys dealing with cryptocurrencies. When thousands of them call NEO “Chinese Ethereum”, the rest people start to believe them and rush making investment in this altcoin.
unfortunately there is a lack of knowledge about some of the altcoins in circulation, especially from NEO, which of course many people are affected because in fact NEO is not like that, Ethereum is only one and nothing can replace or match ethereum. while for investment I don't think there is a safe coin, everything has risks.

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October 31, 2020, 04:57:25 PM
 #84

we all believe that is the way. it's easy enough to say that buying and holding it, when the price doubles, we sell it, and then wait for the dump, and buy it back. However, can you wait for it? so much negative news out there. especially in case of panic sell. I am not so sure that you will rest easy with your chosen coin if you are not used to this. after all, it was the right way, only easier said than done.

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hulla
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October 31, 2020, 09:15:56 PM
 #85

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
It will come past though but it all depend on the coin the investor is actually holding. Lets use Bitcoin as an example if you can buy and hold till the total 21 million coins are mine the price of a single Bitcoin in the market could be $120K or more.

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
All experienced cryptocurrency holders do that with their investment but still decide to cold storage some coins which were meant for the future purpose.

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November 01, 2020, 05:15:23 AM
 #86

If you look at the profit, not everyone is satisfied when they get double the profit, they always think that they are still lacking, and in the end when the price drops again the profit is lost, so there needs to be self-control, not involving emotions in every decision, because it's not that easy. get a profit, especially if it's been a long time waiting to hold the coin

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November 01, 2020, 06:59:38 AM
 #87

Everyone has the right to do whatever they want with their tokens and coins, we don't have to make anyone see reasons, crypto space is full of experience and mistakes, people will adjust when they realize how much they've lose, what works for me is taking profit, I've wasted years holding and holding

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November 01, 2020, 07:05:38 AM
 #88

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
The only difference between richer person and poorer one - latter one will fomo sell on the dip, the first one will proceed to hold onto assets he/she chose until its grown enough to sell.
And the only way to be The richer one to make sure you won't have to sell anything of your investments to keep up your daily spends.
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