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Author Topic: Never Be in a hurry  (Read 459 times)
isaac_clarke22
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February 23, 2021, 04:41:50 PM
 #21

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That "batches" part quite varies on my end. Sometimes I sell small especially when that coin was for a longer-term and go back to hodling again. I never zeroed out my coins cause that feels draining in my sanity actually.
Some people just tend to hurry in newer projects because they fear that those fancy discounts or price corrections is the last lowest price they can buy at.
Here in Bitcoin, some people tend to panic or overreact when the price just seemingly goes red a bit and when some celebrities just said something about a certain coin.

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February 23, 2021, 05:03:37 PM
 #22

I tend to agree with the OP, never be in hurry.  But isn't also had a problem if your profit was there much better so sell the half and the remaining amount might hold back again.  The common problem of traders are those emotions and panic selling is one of the biggest emotion that should traders needs to be controlled.  But it's a different story if you have to hold altcoins or let say new projects, I will mostly sell them all once I needed because holding altcoins are might risky.

Sometimes our greediness makes us down if we're not contented with having profited from trading but I will call you the dumbest person I've known if you will sell your Bitcoin under the price you'd purchased. 





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February 23, 2021, 05:30:36 PM
 #23

To trade, you need to control yourself and control your emotions. I have been involved in the crypto market for a few years now, and I have learned from trading in the crypto market that you can do better by controlling yourself. If you have knowledge about trading then you will understand what is the reason for pumping the market, because suddenly due to pumping the market, many traders become interested in hurry buying. And as a result they face problems later. If you want to get out of selling hurry buy and hurry you need to have proper trading knowledge.

With the right technical and fundamental analysis you will be able to find the right direction that will show you the target to buy and sell.


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February 23, 2021, 05:51:46 PM
 #24

~

That "batches" part quite varies on my end. Sometimes I sell small especially when that coin was for a longer-term and go back to hodling again. I never zeroed out my coins cause that feels draining in my sanity actually.
Some people just tend to hurry in newer projects because they fear that those fancy discounts or price corrections is the last lowest price they can buy at.
Here in Bitcoin, some people tend to panic or overreact when the price just seemingly goes red a bit and when some celebrities just said something about a certain coin.

It's hard to predict since the nature of this market is really very volatile, it's always good to have your own
setup plans in order not to missed your chances to earn,  there are traders who continue to work with certain
projects that they've believe that it will boom out in their target time frame, you don't need hurry things out,
a good back up plans will help you to figure things out.

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February 23, 2021, 09:46:38 PM
 #25

Sometimes you still need to hurry. For example, after a promising altcoin faces a strong rally. Then you can really be late. Therefore, you still need to collect a position for each trading instrument in advance. If we were never late, then there would be no point in trading on the stock exchange. Fortunately, this is not the case. Timing plays a very important role in our life. Each position must therefore admit a certain percentage of error.
Timing is everything and every decision would make would neither result into good or bad outcome basing off on the market randomness.We cant really able to predict
on whats ahead thats why we do make lots of ways or methods to do some analysis which might or might not be that effective towards it.
Hurrying on everything wont really give out an advantage but doesnt mean that it would be having negative effects either.
Its just a matter if certain action would be appropriate or not.

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February 23, 2021, 10:02:49 PM
 #26

When it comes to cryptocurrency you don't have to rush whenever you are buying a coin or whenever you are selling a coin!!! When you want to buy a coin you don't have to be in hurry to buy it, you don't just have to rush to buy a coin just because you notice the price of the coin is pumping already you will also like to rush and buy the coin when you are trading that's a bad thing to do and when you are also buying a coin you don't have to buy all at once I think is better you buy in percentage when a coin price is down you can buy like 20%, whenever it dump more or pump more you can still buy 20% again avoid buying all your coins at once. Whenever you are trading you have to avoid rushing to sell your coin whenever is dumping just make sure you are holding a good coin and you don't have to rush and sell and make sure whenever you are also selling always sell in percentage don't sell at once.

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February 23, 2021, 10:55:43 PM
 #27

Patience and timing is the best you can do while trading. Don't be greedy as long as you are in a profit, you can sell it in a hurry. Experience is really a good teaching method that we can be use in trading. We have a different strategy in trading, so, much better to always be careful in buying and selling.

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February 23, 2021, 11:02:36 PM
 #28

Being in a hurry is sometimes good but most of the time is bad. Being in a hurry can sometimes be good in a sense that you are following the hype and the flow of the events in the market enabling you to get along on the market movement. Being in a hurry is mostly bad for you are being driven by emotions and you are still not yet composed of how can you possibly deal if sudden unexpected happen and since you have just get into a hurry buying and selling your coins, you will be regretful and frustrations will come along with you. Better be careful and wise on engaging with the market for it is not a race and you must strategize first so that you will not be in a panic situation because you know what you are doing.





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February 23, 2021, 11:27:58 PM
 #29

I agree to rush into decisions when trading is not a good thing. In my opinion, if we want to become successful traders we don't panic quickly seeing
the market situation. For example, the current Bitcoin price dump is quite deep, even a few hours ago the Bitcoin price hit a price of $ 45k. Though
a few days ago it was still priced at $ 58k. If we are now in a rush to sell Bitcoin, then I can be sure to regret it.

Because as we know Bitcoin recovered several times very quickly. And don't rush into buying, we do not want become FOMO, consequently will buy
at high prices. The key to trading success is patience and must be able to analyze the market correctly.

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February 23, 2021, 11:34:33 PM
 #30

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Holding some bunch of shitcoins must not think of that idea of being in a hurry, and it's kinda frustrating these days but still I prefer to more strong instead of being depressed. I've just started to divert some of my funds with other coins like xrp and trx, and keep myself motivated everytime the market fluctuates. Also, I prevent some sort if panic and let my asset grow despite of rumors from fud news.

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February 23, 2021, 11:40:06 PM
 #31

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Perhaps, this depend in the situation dude, because sometimes there is a chance that we need to sell it quickly if we know the price value will drop in the exchange or in the market. Although, I agreed that we need to learn always every time we make a mistakes in trading in the platform of exchange something like that.

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February 23, 2021, 11:52:24 PM
 #32

Being in a hurry is sometimes good but most of the time is bad. Being in a hurry can sometimes be good in a sense that you are following the hype and the flow of the events in the market enabling you to get along on the market movement. Being in a hurry is mostly bad for you are being driven by emotions and you are still not yet composed of how can you possibly deal if sudden unexpected happen and since you have just get into a hurry buying and selling your coins, you will be regretful and frustrations will come along with you. Better be careful and wise on engaging with the market for it is not a race and you must strategize first so that you will not be in a panic situation because you know what you are doing.
Strategies are very necessary to be done in order to deal with situations like this. Sometimes I get caught in favorable and unfavorable situations. when it happened FOMO which required me to sell my tokens. The best option back then was to sell 75% of my total tokens when FOMO continues and the rest I hold for the next price hike, maybe that will be a pretty good and safe strategy.
I try to adjust my psychology not to rush into decisions. The important thing is not to All in during FOMO when you are not sure and don't sell when you lose when some corrections occur.
Must stay calm and be smarter in making decisions.

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February 24, 2021, 12:51:22 AM
 #33

That is what we need to before doing something, so we can make sure that we are ready for anything that can happen to the market. If you can analyze, it will help you know the current situations, and if the price is at a low price, you can buy it more after analysis. But doing a hurry in buy or sell will not be good because it can move to any price after you buy or sell. I agree that we can buy or sell for some small amount to see where the price will go, so we can know how to anticipate the losses if the price is down. But if you think the price will go down after the price reach the high price, you can sell it before you miss that chance,

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February 24, 2021, 01:04:06 AM
 #34

Asset management is very necessary, comrades. I think the best thing is to buy gradually and not with the whole asset. Buy 10% of the assets and buy some potential coins, even though the market is currently trending down. I'm sure I'll recover in the next few days.

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February 24, 2021, 10:23:11 AM
 #35

Too much of anything is bad whether its sweet or sour, applying the same logic we can say having too much patience and being a saint while your portfolio is suffering is not wise. Similarly, just losing $1 value on Bitcoin should not make you sweat your pants and sell your bitcoins developing fear of the market collapsing.

I don't know why the same guys who were so positive about bitcoins and the future are suddenly so worried that they are asking others if they should hold their coins. A few weeks back guys were suggesting others to buy bitcoins and those same guys are now asking in telegram groups, I follow a few, about whether they should sell their coins as the market is collapsing.

Just cool down and don't follow the price too many times a day because checking it again and again is only going to break your confidence and ultimate you will end up dumping your coins, once again for a cheaper value.

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February 24, 2021, 02:15:43 PM
 #36

Sometimes our greediness makes us down if we're not contented with having profited from trading but I will call you the dumbest person I've known if you will sell your Bitcoin under the price you'd purchased. 
Trading is all about selling and buying at the right time and people call it a mistake to sell cheap and buy costly coins but this is just unfortunate and not a mistake because none of us knew which direction the market will swing in coming time and we still don't know. There is a difference between panicking and being over confident with your coins. Like with bitcoins as the price drops, I do not worry too much. But when the same happens with a another insignificant coin of lower volume and market cap, I am much more aware and active because the coin might be dead while I am sleeping and its better to sell and avoid losing everything than to sleep on the coins and lose everything next day.

We must never be in any hurry but also like you said, make sure you are not to greedy. Crypto is all about balancing between greed and panic and being sharp with decisions, if even they are wrong sometimes.
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February 24, 2021, 02:37:37 PM
 #37

experience will always teach you to what to do in future. trading requires a lot of learning, and applying every bits of it. just like you have a put it in simple terms, never offload all your bag of tokens except you are tired of the project or you have another thought about it. sell in batches and always make it a priority to remove your capital.

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February 24, 2021, 03:00:50 PM
 #38

experience will always teach you to what to do in future. trading requires a lot of learning, and applying every bits of it. just like you have a put it in simple terms, never offload all your bag of tokens except you are tired of the project or you have another thought about it. sell in batches and always make it a priority to remove your capital.
Of course, it makes no sense at all if we are keeping the same coin, put our eggs in one basket even we know that it never grows for how many years. That is why we need to look for another opportunity, another coin that could able to give us some profit. But, it is something we need to think about it first before taking an action and to choose the best one.

Leaving to coin that is already helpless and ain't profitable anymore is not a sacrifice but a chance to grow our funds and we must have to be HURRY, for a chance not to miss our precious time holding such coin which is nothing we have to get in the end.


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gabbie2010
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February 24, 2021, 05:36:50 PM
 #39

Experience in crypto currency has taught me never to be in an hurry to buy a crypto currency token or to join a crypto currency trade pair; The same applies when you are to sell a coin or close a trade pair; never be in a hurry. Sometimes before investing huge; you can buy as low as 5-20$ and use that to monitor the coin prices for the project you want to invest or trade on; Experience also helps, so continue to trade, learn lessons and become better

And also, before you sell a coin or close a trade; choose the same method; sell in batches; as it moons; the first batch would be your capital and little profit; the second batch would be more profits; never close your trades at once; and also remember, never enter a trade at once.

Perhaps, this depend in the situation dude, because sometimes there is a chance that we need to sell it quickly if we know the price value will drop in the exchange or in the market. Although, I agreed that we need to learn always every time we make a mistakes in trading in the platform of exchange something like that.
Selling in a hurry had hunted me several times in trades that are profitable in a long run once I pulled the trigger for sale the coin will pump in the next 24 hours thus depriving me of reasonable profits, I believed this has to do with my emotions, experience is the best teacher I had begin to control my emotion and acquaint myself from this kind of situations and learn some methods of closing my trades, personally trading with higher timeframe is one of criteria in deciding when to close my trade.

.
.Duelbits.
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February 24, 2021, 05:42:17 PM
 #40

Hurry is always bad because any good work can't be held in hurry. If one tries to become a successful person then he should be aware of using time. Do not hurry means one should waste more time to do a work I don't mean so but in use of time, one should have more and more punctual, reliable and attentive.

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