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Author Topic: Holding and taking profits  (Read 1556 times)
aquafinewater
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August 01, 2021, 04:00:50 PM
Last edit: August 03, 2021, 05:35:07 AM by aquafinewater
 #161

Yea hold is gold always  in  this statergy  you need to invest always in best project then if you hold you can get easily best beneift  in another way if you want profit and also want to hold then sell 50% then you'r in profit and hold 50%  coin for future

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August 01, 2021, 04:30:43 PM
 #162

From analysis, it has been argued severally that hodlers are winner and earn more profits than traders, this depends on your expertise and where you fall into. The current situation now means that anyone that bought lower and didn't take profit because of greed or another reason will soon be at loss or breakeven if things continue to go down. Now many people are lamenting because they didn't expect this at this time and didn't take profit because they thought the uptrend will last more for better profit. For people that has been here for long knows the cycle and this kind of situation is inevitable. For people that can be patient I think they can still get back to the former or expected profit but this is not guaranteed. In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!
The situation on the cryptocurrency market will still constantly change. However, at this stage, you are absolutely right: those who counted on a further rise in prices in this market after May and did not manage to fix their profits should now show maximum patience and not sell cryptocurrency now at relatively low prices. Prices will soon rise to their previous records and even much higher, depending on the prospects of specific cryptocurrencies. So far, there are all the necessary conditions for this.

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August 01, 2021, 05:12:31 PM
 #163

From analysis, it has been argued severally that hodlers are winner and earn more profits than traders, this depends on your expertise and where you fall into. The current situation now means that anyone that bought lower and didn't take profit because of greed or another reason will soon be at loss or breakeven if things continue to go down. Now many people are lamenting because they didn't expect this at this time and didn't take profit because they thought the uptrend will last more for better profit. For people that has been here for long knows the cycle and this kind of situation is inevitable. For people that can be patient I think they can still get back to the former or expected profit but this is not guaranteed. In my opinion I think it's better to hodl and take profit at the right time and wait for the dip to buy back more quantities and wait for more profit. This way you earn more profits. What do you feel is best to do when holding a coin, please share your opinions!

Yes that's right, holding and taking profit at the right time is very good, but when is the right time? This is what always keeps people at bay. A lot of people sold a coin, only to see same coin pumping hard within few days, such that what they sold at can't be compared to the price they later met, it was something else.
I would say, one of the thing I learnt in the past bull run is, do not sell the entire token, keep some such that, if the price later goes up after taking profit, you can still have some left to sell again, hence taking another profit.
But however, be sure you are following such projects carefully, to know when to dump everything, in the same way, it also opened up the good projects because they kept pumping with their use case, and when others are down now or dead, those good projects are still out there maintaining a good price.
So the thing is, hold but know when to take profit, and endeavour to leave some, unless you are already contented and wish to leave.
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August 01, 2021, 05:51:37 PM
 #164

Yes, it is right holding and talking profit. Hold is gold  Cool you can get big profit by holding, this is my personal opinion because. I bought ETH in $1800 now its  price is $2600 per ETH I have gotten big profit from holding

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August 02, 2021, 06:53:15 AM
 #165

basically investing in cryptocurrency the goal is to get big profits but it can't be obtained quickly it takes time for all of that it can sooner or later it will make a profit if you are able to be patient and buy the right coins to hold for the long term the key is true to waiting to sell it at the highest price because it's a very big profit if the coins that have been purchased give 100x profit.


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August 02, 2021, 07:08:23 AM
 #166

Becoming a trader is not easy, it takes expertise to analyze the market and also understand price movements in the market. To analyze, technical analysis skills are needed as well as fundamentals because without it, you will not get profits, even losses because you don't sell at the right price.
but becoming long term investors take serious courage to go against the market trend, sometimes if the market is having a bad time it could affect our psychology making us want to sell or in other word panic selling but to be a real long term investor we should consider those market trend as just a process of reaching higher price. both have its own advantage and disadvantages, and it's depend on us to choose which one more suitable to us.

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August 02, 2021, 07:12:14 AM
 #167

"Holder always win" is the word if we hold a coin with good potential, what if we hold a shitcoin? most newbie traders have a very high imagination with shitcoin hoping the price can be 1000x and hold up until rugpull, this happens very often now

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August 02, 2021, 09:23:33 AM
 #168

If it is a long-term currency, stick to it and don't easily sell the currency in your hand. If you only look at the memetic coins or short-term coins in the altcoins, then you can sell the coins in your hand at the right time.
If the price rises after selling the coin in your hand, please control your emotions. Don't regret it, there will be a chance. Continue to learn investment knowledge and find experience in failure.
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