Viscore
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May 31, 2021, 03:56:52 PM |
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If for me it is like what you said earlier, if indeed a coin has the opportunity to go up then it is better not to sell the coin first because that is because the coin has a great opportunity and the price is more expensive if it is sold quickly.
I think OP you should learn to weigh things right between the two so you could come up w ith your final decision. Yes if you see good potentials in that coin, then try to hold it for a longer time and see where it will take you. But if you think your target goal has already been reached with your current profits, then sell it off. Then start buying new coins with potentials and hold them for now. Sell them when the price is already at its peak so you can generate high profits after you sell.
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travwill
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June 11, 2021, 12:02:14 AM |
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Everything will depend on what you are counting on. If you have long-term goals, then your task is to understand how long-term they are and what price range of the coin will suit you. In particular, it is necessary to take into account the state of the market, if the trend is downtrend, then it often makes sense to wait out this time in stablecoins.
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Crypto Fireside
Jr. Member
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Activity: 44
Merit: 45
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June 11, 2021, 12:04:57 AM |
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This is like asking someone a broad question, should I go skydiving tomorrow? Its too broad, we don't know you, your friend, his investments, we know nothing. In saying that there's one piece of advice that has generally worked well in crypto until now. HODL.
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Check out my blog where I interview Crypto people: Crypto Fireside > cryptofireside.com
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terrific
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June 11, 2021, 12:07:48 AM |
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Everything will depend on what you are counting on. If you have long-term goals, then your task is to understand how long-term they are and what price range of the coin will suit you. In particular, it is necessary to take into account the state of the market, if the trend is downtrend, then it often makes sense to wait out this time in stablecoins.
And when you hold for long term, you must endure all the drops that will come. Usual drops shouldn't be taken heartily because they will make you feel uncomfortable. If a downtrend comes, you still have to think that your plan is for long term and it has to happen and you need to get through with those.
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sammy21
Member
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Activity: 672
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July 01, 2021, 11:38:32 AM |
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I think it all goes back to the technique used by someone who trades, and also the type of coin he has, there are some coins that are fairly wild with up and down charts, and there are also coins whose prices tend to be stable.
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LimLims
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July 01, 2021, 04:05:11 PM |
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May i ask what coin is that my friend? If they have strong coins like BNB, BTC, ETH or top 8 of coinmarketlist better to hold more for future earnings, But if they hold one of the Meme coins out there the decision will take the profit at the right time.
I too agree on this fact and OP should understand this. If you make the wrong decision by choosing the wrong coin, then better to sell the coin. Op if you are holding a coin with big marketcap, then yes it’s better to hold it for long term. But as you are already instructed that you holding some shitcoins, then better sell this now and get yourself out from more losses. Hope this helps you OP.
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smartaction
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Leading Crypto Sports Betting & Casino Platform
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July 01, 2021, 04:09:23 PM |
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Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
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wmaurik
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July 01, 2021, 04:13:25 PM |
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Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
Is it true ? because market stability is very difficult to happen at this time, moreover there are still some influences from bad news, where everyone does not expect it to happen, but if you can make sure that the market is really stable, then holding on and being patient is key that should be applied now.
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Seyifun
Newbie
Offline
Activity: 15
Merit: 0
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July 01, 2021, 04:27:21 PM |
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Though as to the decision of buying and selling now, it's somehow difficult, because most of my fun are divided by two, so when it rise little, i normally wish to sell, but at the same time wish to hold, but I don't want to loose all my money, so it's somehow difficult for me.
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Balmain
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July 01, 2021, 04:31:26 PM |
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It is always necessary to keep some amount of coins in the top 20-30 in cmc, which has proven itself well. Chz and matic made very good money for those who kept the period in the previous bull. It is always useful to sell if you have newly hyped coins. If these are meme coins in particular, I'd never think about selling them.
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conected
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July 01, 2021, 04:59:18 PM |
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It depends on what coin is your friend holding, it would be better if you include what coin is he holding so we can also suggest what he or she will do. If the coin that they are holding has the potential to grow in the future then it is better for him just to keep holding it, 25% should not be the target if they know how good the coin is.
- In fact, an inappropriate buying time will destroy the potential, and then it will not help us to profit from the decision to hold, so except for the future factor, we need to update current factor such as purchase time, that means we won't buy when our coin is overvalued, quite a lot of investors were very active buying when it was pumped to new highs. This is always a decision that lacks discernment due to the nature of the project's potential to be a relative breakout and take time to proceed.
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leatutz
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July 01, 2021, 05:53:33 PM |
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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. ??
Why will someone wait for a coin to pump 25 percent or 50 or more? If I were you, I would switch from one to one with the whole fund because I won't invest in altcoins. Actually, I will continue my trade until the market reaches 4-5 trillion. Maybe that's the beginning of bullrun, then we should be holders. But that's my working process, you can do yours.
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Mahdirakib
Legendary
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Activity: 2030
Merit: 1041
In Search of Incredible
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July 01, 2021, 06:00:38 PM |
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Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
Stable from which side? The volatility rate has been decreased but the price isn't stable anyway. Holding is the best thing but don't hold every cryptocurrency for long term. Top coins of crypto market have higher chance recover their price and increase as well. It's too much risky to hold unpopular and new tokens/coin. In that case you should research that how good the project is, what is the utility usage of the coin. OP has given the appropriate answer to his friend.
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husdemba
Full Member
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Activity: 1302
Merit: 115
Pepemo.vip
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July 01, 2021, 06:37:38 PM |
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Giving investment advice is a very risky act. A word we say can make our friends very sad. Especially in these fragile markets, we shouldn't make investment proposals. Everyone is responsible for their own decisions and shouldn't be invested on the words of just one person
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clint25n
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July 01, 2021, 07:11:06 PM |
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full power is in the owner of bitcoin if you want to hold or sell it is your right, but for me it doesn't matter as we still want it, we can still hold it and don't sell it. but if we intend to sell it we can release it on the stock market, it depends on the owner, because it's a crypto business so we ourselves are the decision makers
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gundala
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July 01, 2021, 07:32:58 PM |
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It depends on what coin is your friend holding, it would be better if you include what coin is he holding so we can also suggest what he or she will do. If the coin that they are holding has the potential to grow in the future then it is better for him just to keep holding it, 25% should not be the target if they know how good the coin is.
there are still many users who are confused in determining the decision to sell or hold, even though it is entirely their own control. this is the importance of understanding the basic techniques of investing, not only for crypto, but for any investment instrument, we should study it and know the product well, not just joining in. after that we also have to determine whether to invest for the long term or short. Thus, we will not be confused anymore, market fluctuations cannot be controlled and sometimes difficult to predict, so it takes a strong mentality and readiness to face risks. If we are ready to gain, we must be prepared to lose.
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Dr.Osh
Legendary
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Activity: 2800
Merit: 1004
Buzz App - Spin wheel, farm rewards
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July 02, 2021, 10:41:58 AM |
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Market now like stable. So you should hold your crypto-currency. Because, all the crypto can be start pump again and it can happen within very shot time. Which will be able to give a big kind of profit.
Stable from which side? The volatility rate has been decreased but the price isn't stable anyway. Holding is the best thing but don't hold every cryptocurrency for long term. Top coins of crypto market have higher chance recover their price and increase as well. It's too much risky to hold unpopular and new tokens/coin. In that case you should research that how good the project is, what is the utility usage of the coin. OP has given the appropriate answer to his friend. maybe he's talking about range. if it's a range, then the price of bitcoin is indeed around $30k and below $36k, so it's very clear that we have to hold it. however, in the matter of holding or not, I honestly until now continue to hold the altcoins that I own. In fact, we are also hesitant to sell because we hope that altcoin prices will rise again. however, the reality is that currently the bitcoin price is in the $31k to $35k range, but the altcoin prices are mostly dropping bit by bit. quite hard to hold on for now.
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Henrobakkara
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July 02, 2021, 10:50:07 AM |
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It depends on what coin is your friend holding, it would be better if you include what coin is he holding so we can also suggest what he or she will do. If the coin that they are holding has the potential to grow in the future then it is better for him just to keep holding it, 25% should not be the target if they know how good the coin is.
I agree with you too. I believe HODLing should be in direct correlation with the type of coin the person is HODLing. If the project you have invested in is good enough then holding for a much longer time shouldn't be a problem because you know that it will always recover and they might eventually hold longer even after their initial 25% target has been reached. So it all depends on your coin/token.
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mamahdedeh
Full Member
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Activity: 812
Merit: 100
www.cd3d.app
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July 02, 2021, 12:38:22 PM |
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If you look at the current market, I choose hold for long-term trading, because in my opinion the market has fallen above 50%, so there are still many opportunities to hold it. but this is indeed conditional, we have to look at market developments and of course observe the news that is happening. but again, we have nothing to lose, as long as we have patience
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yazher
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July 02, 2021, 01:02:53 PM |
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It depends on what coin is your friend holding, it would be better if you include what coin is he holding so we can also suggest what he or she will do. If the coin that they are holding has the potential to grow in the future then it is better for him just to keep holding it, 25% should not be the target if they know how good the coin is.
The coins are holding an important role on up to how long you will hold them and so as the developers if they are really truthful on what they're talking about in their roadmaps. this is why the legit and fake projects are hard to distinguish because they are both promised things which more likely realistic where in reality those fake projects have nothing but their fake promises. You can advise your friends about the current situation about the projects he invested his money with but the only thing you guys can do is still hold the coins if you already bought some big amount of it until it reached the desirable amount on which you can sell them.
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