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Author Topic: in between the decision to hold or sell  (Read 1723 times)
Samurai trieng
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May 09, 2021, 06:37:39 AM
 #21

My answer is the same as your friend, if you already get profit, sell and if you don't get profit, you can hold. this is because so that we can take advantage of profit opportunities better than we sell at low prices, but we only become spectators when in the future the price rises

I agree with you, but there is a little extra from me, a little advice if our friend has made a profit from the coins he holds, he should sell half of the assets he has, because if the altcoin goes up again, he still has half of it, and can  resold at a higher price than before,

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May 09, 2021, 06:57:43 AM
 #22

It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.

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May 09, 2021, 07:35:44 AM
 #23

personally, if I am in need of money immediately I will sell half of it then I will hold the other half if the coin has a good prospect to hold. We don't know how much the market price increases, it can go up or down, so we have to check the market regularly. to make a decision is difficult, so it would be better if we make decisions carefully and according to our needs.

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May 09, 2021, 07:37:10 AM
 #24

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??

Frankly speaking I believe I would have looked at some option I would advice myself on before I decides to hold a coin or sell it of.

The reason i bought in the first place was to make profit, like one of the coin I am currently HODLing, I have taking profits 3 times already why, because I have made more than 8x my initial investment on the coin plus I needed money and still continue to trade and increase whats left.

If the coin is not worth hodling for a long time, I would cash out completely so you dont end up losing what you have gained already.
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May 09, 2021, 08:34:40 AM
 #25

In my opinion, it depends on the type of coin, if it is good like bitcoin, etherium and the like, then it is better to keep the coin, but if he has a lower coin and sells it and is interested in buying a higher coin than he has, it's also better for her future.
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May 09, 2021, 08:45:44 AM
 #26

It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.
I really agree with you, because here about trading someone's luck, because when we give advice to hold it, then in between other times he really needs money suddenly and the market price at that time is also low, that's when you will lose. trust your friends
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May 09, 2021, 08:54:28 AM
 #27

Make the first warning ⚠️
When you trading crypto, you're ready that your money gonna to loss

Between hold and sell, I'm prefer hold because when you decide to sell, you're already lose in fight for profit!

Smiley
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May 09, 2021, 09:00:41 AM
 #28

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
Well, holding and selling would always rely on what coin you are currently investing with. If that coin is currently in a bull run, therefore holding would be a better idea because the chances of having your investment increasing is very more likely to happen but if the coin seens to be experiencing a massive dump as you observe the price movement, selling would be able to save you a lot of money for sure. It is actually a risk once you enter investment in crypto, you cannot always get the right guess and you will make mistakes sometimes so be careful on your decision making so you can avoid having regrets.
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May 09, 2021, 09:31:15 AM
 #29

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??

It also depends on the coin which your friend has invested in. If it is not one of the commonly known cryptocurrencies, then it's better for him to do a good research about that coin to have some idea about whether it can continue to increase. Because there are so many not-promising projects existing in this market.

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May 09, 2021, 09:42:17 AM
 #30

It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.
To be sure, don't easily believe what people say and it's better if you really need advice or a solution, ask a competent person,
but if we really understand I think there is nothing wrong with us giving suggestions it could be that it helps,
apart from that all in my opinion it comes back to their respective decisions

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May 09, 2021, 09:52:39 AM
 #31

I understand perfectly, I have a friend like this too, he's pretty new to crypto currency and am the one who introduced him, so he pretty much depends on me for all he's decisions, one thing I've always tried to make him understand is that he shouldn't depend on me for all he's decisions cus am just human as he is, they way he feels about a coin before asking my opinion is pretty much the same way I  feel about the same coin, so he should learn to make decisions for himself.
Why I adviced him like this is because we all know that things are very tricky and hard to predict when it comes to crypto currency, if I always tell him straight what to do, he will pretty much depend on me for a very long time, and along the line, there is a pretty high chance I might go wrong in one or two of my decisions for him, if as a result he looses money, I will be the one he will pretty much blame, this is why I have to by all means, make him learn how to make decisions for himself.

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May 09, 2021, 10:45:37 AM
 #32

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??

What coin do you mean buddy? If it is a coin that is popular and strong in crypto such as BTC, ETH, and BNB, you better keep it longer for future profits because its credibility has been tested, but if it is a coin that is not very popular you better observe the existing charts and determine when you can take advantage of it at the right time

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May 09, 2021, 10:59:02 AM
 #33

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??

It varies from project to project. Some large cap coins are worth holding for long term but if anyone have invested in low volume coin, he should book profit from it as soon as it reaches a certain price target. 

You should know money management and portfolio management, if you want to earn money from trading crypto.
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May 09, 2021, 11:05:34 AM
 #34

It's better not to give advice to this kind of problem because in the end when our advice is contrary to what happened we are the one to blame. Just say to your friend that it is up to him to decide whether to hold or sell his crypto.
I really agree with you, because here about trading someone's luck, because when we give advice to hold it, then in between other times he really needs money suddenly and the market price at that time is also low, that's when you will lose. trust your friends

And if the friend follows your advice and goes sideways, that would be a problem. Better tell him to follow his instincts, because the market is very volatile, it is quite a challenge to give an accurate advice. Let him decide on his own about what to do with his funds, at least, whatever happens afterwards, he can't blame you. Even if he is a friend, it is still not good to give him advice in this type of market. Maybe you can give some pointers to him but not really telling him what to do with coins.
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May 09, 2021, 11:30:54 AM
 #35

If you want to take a big profit then it would be nice to keep the coin in the future, but the coin you hold must have the potential so that it will not become an ash coin, if the coins you hold such as BNB, ETH and some other top coins then never hesitate to reap huge profits in the future.

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May 09, 2021, 11:51:39 AM
 #36

The movement of each coin in the cryptocurrency market is different. So if you shared the name of the coin here, you would get the best suggestion.
However, if you want to hold top altcoins like ETH, BNB, ADA, you can hold them. This is because pumping of other altcoins is more likely to start after ETH. As a result, holding a coin is more likely to make a profit.

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May 09, 2021, 11:52:45 AM
 #37

I think that a wise way to address it would be for everyone to make their own research and if it possible to spend a bit of time around charts and indicators (they are practically talking).
Emotions are not really a good thing when it comes to selling for profits.
So the more you know about any coin that you hold, the more clear and accurate predictions you can make about it.
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May 09, 2021, 12:52:40 PM
 #38

The movement of each coin in the cryptocurrency market is different. So if you shared the name of the coin here, you would get the best suggestion.
However, if you want to hold top altcoins like ETH, BNB, ADA, you can hold them. This is because pumping of other altcoins is more likely to start after ETH. As a result, holding a coin is more likely to make a profit.

You have a point, but I guess both ways have good result to people most especially if they choose to do the right thing. Decision really matters and contentment of how much money you need to have. Selling and holding can both gives you profit. There is always right time in it , that is why it is very important to understand the movement and its process. To Monitor is also good thing to do.


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mrdeposit
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May 09, 2021, 01:22:31 PM
 #39

having a conversation with a friend today , he was asking me if he should sell or hold a coin. i didnt give a straight answer, i just told him the project is a good one that can do well but if you are willing to wait then you can hold but if you need some money then you can sell off. he then replied that he will wait for an additional 25% increase before he would sell off. i think i tried my best to let him make his final decision himself. is there any better way to do this? if it were you, how would you respond to this. ??
There should be good reason to hold. How successful of the project and what they can do in the future. In addition to the case of the market, the project itself is the important factor too.

Another reason to make decision is invested amount. If invested quantity is more than you can risk, it may be rethinked. While the market needs to stop going up long ago, it still continues to increase, That is why I think it is too late to get great risks.
SacriFries11
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May 09, 2021, 03:04:09 PM
 #40

If the coin he holds has high potential then suggest to your friend and wait for a minimum price increase of up to 50%, because for the future many coins will reach a new ATH then never hesitate to invest in a coin that has potential, and at the moment we can see the price of ETH continues to increase and I am sure for other coins will definitely follow the flow of ETH.
It's not at all when there's a time that we need to sell our tokens especially if it reached to it's all-time high then we should wait then buy again at dip. I prefer to hold if I believe to that token, there are some tokens that I just hold the others need to sell. ETH really performed well and it will soon break the $4k, congrats to ETH holders. Time to sell if the token is for long run and sell is also the best option for the investors to get profit and switch to other undervalue project.

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