Huge gains and still holding ?

[Ceyflix-Rez]

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

[thesosorr]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

I think it's their personal business. Maybe the person you mean has another strategy for making profits. For me, it happens a lot and I've done it before. Because, on the one hand, the assumption that the number will increase again.

[7788bitcoin]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

If anyone who invested in any iCO or IDO and experienced a huge rally in your investment and still you are holding your coins expecting further rally and then the market going for a correction and you end up holding the coins is a bad dream anyone who invested in the market experienced and there are some coins which never rallied after their initial rally and if i invest in any project i will not wait for the long haul, book the profit and get out at the first rally.

[Clavulanic]

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

Taking risk has more chances of losing as we desire to make it quicker, because that involves emotions particular on different behavior of price volatility. We all dream for better future in crypto, but having an aggressive approach wont give us good results due to unpredictable market which eventually saturates during an outbreak occurs at an expected situation.

[michellee]

Their target price to sell is very high so when the price touches $60k, they still do not sell because they believe the price can increase more. But it is better if we can see the situation and adapt to that so we can make a profit while making another profit at the next high price. We do not have to wait for the other highest price because the price can jump to the lowest price after the highest price and that happens many times. I am sure that after this, we will see the highest price coming but we should wait and have patience for that.

[ILuckyGuyI]

Yeah, people should teach themselves about taking the profit when they make a really huge one. But many people aren't doing this and become in a serious loss after some time mostly. If we all set some price goals, things can be easier for us. We can take the profit before a dump thanks to this strategy.

[bamb]

It is indeed very good practice for traders to take their unrealized gain whenever it comes.  When there is an insane gain like hex doing 40x, you will discover there are only few people who made that 40x, majority only made 1x, 2x etc. It is hard to predict the market and as the saying goes...  A bird at hand is worth more than two in the forest!

[Dragonfund]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

I assume some users enjoy watching their portfolio and they always have this imaginary or turning their whole portfolio into millions, that's nothing but pure greed.
I can't even imagine myself with a 40x and keep watching the wallet when I have know that bull run or market excitement wouldn't last forever.
The thing I have also observed with this kinds of gains, they are always from new solid projects, so the earlier you cashout your profit into another thing, the better and peace of mind for you and emotions.

[Rakeshten]

Yes, it is a very big mistake. I can understand because the same thing happened to me. I bought some Juld(Julswap Token) at 0.17$ and hold it, Its price reached 0.6$ but I didn't sell, now It has reached at 0.016$ . I am in a loss now. So I have learned a lesson from this that We should take our profit

[Investo20]

Everyone should decide first if they are a trader or a investor.
If someone is investor then you should know the time period and the price target you are expecting based on you research before investing. In this case you can hold until the time period or the price target isn't achieved.
But if you are a investor the you should check you greed and emotions and learn to use stoploss feature in trade. Nowadays trading is so much facilitated. Use the facilities.
In both cases we need to control our greed and emotions.

[sherenikaw]

That's true and many still don't know about it. Some people choose to hold on to their coin and keep holding it until the price goes up, but they forget to take advantage of the opportunity to sell it for a good price too. It's nothing, it's just that we have to be able to determine the right time to sell or buy coins in order to get the profit as expected. It is not an easy thing to make a decision, therefore, consistency is needed to hone trading skills. If you feel well and can understand the market well, you can definitely determine the right time and make the right decisions.

[cunguks]

No matter what dream you have in crypto always learn to take profits, this is trying to build something you can fall back on if things don't go your way, the first rule of investment if getting your ROI back as quick as you can then you can keep using your gains to take more risks

Short ride but gained good benefits, if you managed to this and succeed with how you plan you have a lots possibilities
to keep getting decent profits.

It's up to  how you managed collecting your profits and rinse back over and over for more profits as possible.

short term or long-term investment doesn't really matter. both can provide good benefits for us. but most importantly, we must know when we will enter and exit the investment we make.
because sometimes investors forget that they have already made a profit but continue to expect bigger profits by holding the assets they have for an unplanned time.
all of that could end in a correction when we don't realize the market is in a big dump. and what happened next was regret.

[Strongkored]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Greed is something that often afflicts traders or investors, they should realize that no one is able to predict exactly when the market will be bullish or bearish, so continuing to think that prices will go up is unrealistic, but there are also those who are stuck in current conditions, this is not because of greed but because they enter the market when the conditions are at the end of the bulls keep buying after that the market becomes uncertain as it is today.

[deathcode]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Greed is something that often afflicts traders or investors, they should realize that no one is able to predict exactly when the market will be bullish or bearish, so continuing to think that prices will go up is unrealistic, but there are also those who are stuck in current conditions, this is not because of greed but because they enter the market when the conditions are at the end of the bulls keep buying after that the market becomes uncertain as it is today.

greed and panic that is often experienced when making investments. that's what they often experience.
however, it is a human attitude. most people and investors must have it.
but slowly, when they can control their lust. will be able to plan well. especially for starting and ending. because those who are greedy will never know when to start and end.

[Jackl87]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

Well i mean you are correct and i am also one of those guys who made that mistake twice now to not sell even though my profit was pretty big at the beginning of may. I also have to say though that this is a pretty easy thing to say now that you know how the market developed in the last two months. Of course i regret that i did not sell any of my holdings two months ago but i also does not bother me to much to be honest. I would have regretted it way more if i would have sold for lets say a profit of 100k€ back then and afterwards the whole market would have done another 10x and my holddings would have been worth 1M€ because 100k€  are no life changing amount of money here (i am from Germany) but 1M€ are.

[akirasendo17]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

I think I see some still holding even the price have made that far, its because they believe the coins are undervalued, and it's true some are, especially if the coin has a product, or for example a coin, where they use the coin to buy something in the game, or staking, the point is if you can earn while holding it, why you are going to sell it, but if you are talking about a coin who just pop up out of nowhere, that's a different story.

[viananda2525]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

greedy be the reason why most traders still hold their position meanwhile price already in peak and give us huge money. Many hope this year bitcoin could hit $100k , so when it drop its is considered as correction only. Hold or sell should our own decision which is we know the risk that may occur.

[sulis sudibyo]

The biggest mistake anyone can do is still holding unto their altcoins when bitcoin touched 60k weeks ago and still holding strong when the fall began weeks ago, imagine someone still holding HEX token when the coin did 40x already? If you are someone like this friend I don't know what your aim is but sorry to say you are doing it wrong. Check yourself cos it's possible you are struggling with greed.

I don't think there's anything like that. because everyone would have sold it by then it had made a big profit, unless he was a greedy fool. the problem with each person is not when he takes profit. but when they buy. this is what always happens, some people sometimes get stuck in FOMO. buy at a high price and after that the price starts to fall.

[dimonstration]

everyone will not know when the market will go up and down, but in my opinion if we have tokens that increase up to 40x it really must be sold

Why should it be sold? whether after increasing 40X it will also decrease to 40X or even more? no one can predict the state of the cryptocurrency market, but with the huge selection of coins and tokens that have the potential, everyone has confidence when it comes to holding them.

Its better to still take profit whenever its possible and left some to hold. We know the market will still recover but we can use some of the profit to invest more in other coins. Its not always that the coins will increase so when there is an opportunity to take profit or to buy more when the potential coin is down then better buy.

[Cling18]

Simply because some holders have high hopes and they expect the prices to get higher in the future. They have different principles and perspectives than those who take profits when the price hits high and we can't blame them since we all have our own strategies. They're risk-takers and they have different mindsets but I don't see that as stupidity because they just see a huge potential out of the coins that they're holding.