lixer
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January 02, 2022, 06:23:39 PM |
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You can hold it but don't do it for a long time of waiting, but it is still depend on your belief in the coins you choose of course.
Yeah, when we have belief about upcoming rising then holding more may not be a wrong one. People do prefer to hold as much as time that they are able to make sure that they will be covering the maximum chances that market might give them to profit; I guess they are doing already right hence NOT hold for life may not be applicable for bitcoin holding. Everyone knows what works best for them, I suggest that they may be waiting for their coin to increase more before they will sell it. The fact that we have seen Bitcoin increase a lot more over the years, has made a lot of people think that if they continue to hold their coins for a long time that it is going to increase more in value, and would be worth more than what they bought it at first. Some of them even do this when they are investing in altcoins, but that’s the last thing I ever do, when I invest in a project and it is doing pretty fine and making me enough profit, I am going to sell part of it and maybe leave the rest.
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TheUltraElite
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So anyway, I applied as a merit source :)
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January 07, 2022, 10:36:10 AM |
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Of course you shouldn't hold the coin in all your life that's why you hold it is to have a profit and don't be too greedy to hold it for a long time since I really can tell that it is not worth it and you probably miss your chance to take profit for that particular coin. But holding is not that bad as long as the price keeps going upwards but still you should make sure to take profit from time to time. Making profit from time to time means that you have to cycle to money into sell-buy-sell cycles otherwise the total capital on your networth remains constant. Being stubborn about selling is a wrong approach. You need to be flexible about your approach to making profit. When the market price is dropping, get fiat ready and use it to buy the coin and similarly when it crosses your target price, sell some, you will be looking forward to buy back on the next bear cycle. If you remain stubborn and dont sell - you miss two opportunities 1. The possibility of selling at a high 2. The possibility of buying at the next low. This stagnancy in your personal ledger is one of the reasons of anxiety and depression among traders. Try to avoid that from happening.
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andriarto
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January 07, 2022, 04:05:27 PM |
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many people misunderstand about holding, where many think they will not sell coins, I think as a good investor, the highest profit is sought, so we must be able to hold on until the target is reached, and wait for purchases when it has entered the area. therefore for me holding is target-oriented, and it can happen sooner or later
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savetheFORUM
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January 08, 2022, 09:01:39 PM |
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Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money. I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Maybe some of them are holding their coins because they are not in need of money. Although I do have the same thoughts a lot of times on why a lot of people would be holding their coins and not even selling at all. I even see people who said that they have plans to hold their coins for a lifetime, and some say that they are waiting for Bitcoin to reach one million dollars before they would sell. That’s not how it works for me, I always have my own targets whenever I am investing in cryptocurrency,and when the market pumps, I am going to sell and take my profit and wait for another good time to start investing in the market again.
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jostorres
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January 08, 2022, 09:45:59 PM |
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The main purposses of holding is the profit and if there is coin on my portfolio which happened bull trend and the profit very tempting to sell then i don't want to missed the opportunity to sell immediatelly without wait any longer and in crypto being smart to predict the situations will be good instead of being an lifetime holder which will not necessarily be profitable
Lol, whenever I am in a situation like this I don’t fail to take the profit, seriously. The cryptocurrency market is very unpredictable. I once invested in a particular and it started increasing in value while I was holding it, the profit was huge, but I felt that if I should sell the market might still increase, so I decided to leave it that night. And when I woke up the next day I saw that the profit have reduced so much and I started regretting why I never sold immediately that night. So, I also decided to wait a bit more to see if it will still recover again, so I can get back the profit I lost, but instead the market kept dropping, so I had to sell with a little profit which would have been better if I sold at the right time.
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dunfida
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January 08, 2022, 09:59:18 PM |
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The main purposses of holding is the profit and if there is coin on my portfolio which happened bull trend and the profit very tempting to sell then i don't want to missed the opportunity to sell immediatelly without wait any longer and in crypto being smart to predict the situations will be good instead of being an lifetime holder which will not necessarily be profitable
Lol, whenever I am in a situation like this I don’t fail to take the profit, seriously. The cryptocurrency market is very unpredictable. I once invested in a particular and it started increasing in value while I was holding it, the profit was huge, but I felt that if I should sell the market might still increase, so I decided to leave it that night. And when I woke up the next day I saw that the profit have reduced so much and I started regretting why I never sold immediately that night. So, I also decided to wait a bit more to see if it will still recover again, so I can get back the profit I lost, but instead the market kept dropping, so I had to sell with a little profit which would have been better if I sold at the right time. Secure profits as much as you could because you wouldnt know if how long you would be needing to wait again before seeing those prices again which would really leave you out hanging or simply regretting on not making some actions on the time you are seeing those gains. I have learnt enough on be aware into those conditions which you should mind on securing anytime you do see some profits. Rinse and repeat until you do accumulate considerable profits. Even though its not bad to make some hold position if you arent sure on what you should gonna do but we should know on when to get out.
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nurilham
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January 08, 2022, 11:41:14 PM |
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The crypto market's that ups and downs are unpredictable and holding is a good thing. It's true that we don't have to hold it for all our life because there will be a moment where the price goes up and we can't miss that moment. In holding we must be able to determine when is the right time to sell or buy, therefore we are required to see and understand the market so that we know how the market conditions are. So all the assets that we have been in our own control. The profit or loss all depends on how we manage the assets that we have.
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TheGreatPython
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January 10, 2022, 08:34:22 AM |
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In holding we must be able to determine when is the right time to sell or buy, therefore we are required to see and understand the market so that we know how the market conditions are.
A right time to sell a right asset must be our life's important money requiring moment. It means you may sell bitcoin for buying a house for you but you should not sell bitcoin just for the reason of it has reached $50k or $60k price levels. Unfortunately only very few people do understand this fact. Moreover, this is applicable only for the high potential- ever increasing assets like bitcoin, gold or amazon stock. we have to sell at some points of time when the prices are up.
I guess that must be a misconception. There would be no compulsion that you need to liquidate all your investments within your life. You can inherit to your decedents.
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EdenHazard
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Merit: 1048
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January 10, 2022, 10:18:55 AM |
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The main purposses of holding is the profit and if there is coin on my portfolio which happened bull trend and the profit very tempting to sell then i don't want to missed the opportunity to sell immediatelly without wait any longer and in crypto being smart to predict the situations will be good instead of being an lifetime holder which will not necessarily be profitable
Sometimes when you hold a lot of coins in your portofolio you might forgot to see the future of certain coins as you hold it for too long , just like me who holding nxt since early 2019 when the price fall from $1.8 down to 0.01 but look at now.. it's remain at around 0.01 , 0.02 at tops , what should we do on this kind conditions? you could still hold it on though as long as you can treat these funds as a free money and not in a loss. or simply cut it to mpve onto another promising coins as nxt in this case seems a bit outdated.
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Yamifoud
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January 10, 2022, 11:05:55 AM |
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many people misunderstand about holding, where many think they will not sell coins, I think as a good investor, the highest profit is sought, so we must be able to hold on until the target is reached, and wait for purchases when it has entered the area. therefore for me holding is target-oriented, and it can happen sooner or later
Yes. That's the misleading part, they think that holding is literally holding without selling. But we have to sell at some points of time when the prices are up. It's for us to make a profit and how we're going to profit and testify that holding is profitable if we're not going to sell after holding? That's why you have to sell when you're in profit and not when you're at loss. Investment does not mean holding. That to agree that people think about holding give them a profit in the future but it never makes if they don't sell them at a higher price. because the truth is that we can never make a profit whole holding that unless if you are staking. But if you just keep it by yourself, in your pocket, it is impossible for you to make a profit unless, if you decide to sell them. What I know about holding is to save us from losing during the bear season, that is only it can do.
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molsewid
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January 10, 2022, 11:11:16 AM |
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Sometimes when you hold a lot of coins in your portofolio you might forgot to see the future of certain coins as you hold it for too long , just like me who holding nxt since early 2019 when the price fall from $1.8 down to 0.01 but look at now.. it's remain at around 0.01 , 0.02 at tops , what should we do on this kind conditions?
you could still hold it on though as long as you can treat these funds as a free money and not in a loss. or simply cut it to mpve onto another promising coins as nxt in this case seems a bit outdated.
Well at some point we can't dictate holders of how long will they be going to hold their coin, I know everyone has their own plan on their assets and if I am going to ask I think there's nothing wrong with holding your token in a long term, I mean I will take bitcoin as an example, and this token is in your portfolio already for a long term because you in yourself have already established this what we called trust to the token and you certainly believe that in the future this token will be more valuable than it was today then it's a person's choice already. I also believe that the holders do understand the risks, the chances pass whenever the price let's say pump but he didn't sell it, as long as he didn't need to sell it then I think it is just fine.
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Sebas.tian
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January 10, 2022, 12:32:05 PM |
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Some coins are to be hold for few time for you to be able to make it in life. Since many coins are about to drop more in the exchange market, it will be better for such coins to be release to market for profit making before the price will decrease more in the market. Despite the decrease of some coins last year 2021, many customers still make their Profit early this year when the price increase higher to surprised their customers that exercise patient with their investment. Don't hold your coins more than 4 years no matter the condition of the market because profit is unpredictable.
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ven7net
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January 10, 2022, 02:21:07 PM |
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How long have you been hodling a particular coin while the coin has been making progress for your profit taking and yet dropping in your eyes ? Some people don't understand the hodling technique, they are hodling a particular coin and never sell to rebuy again or to sell and buy another coin. You can sell this coin and buy that other coin that is how to turn over your money. I didn't tell you to sell your bitcoin and not to buy again. I only say you sell the bull and buy the bear ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Indeed, I had one moment when I held LTC in the hope that it would show excellent growth, but unfortunately, I did not wait for the growth of the LTC price, and I had to sell LTC to get my funds back. You are probably right when you say that there is a better solution than just keeping one coin, but unfortunately I believed in growth, but it never took place. Next time, I will still use your recommendation and try to sell a non-liquid asset in favor of a more liquid one, or just try to sell on a rise and buy on a fall, in order to eventually return my investment and also make a profit.
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LUCKMCFLY
Legendary
Online
Activity: 2534
Merit: 1873
Leading Crypto Sports Betting & Casino Platform
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January 10, 2022, 03:00:34 PM |
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Well it depend upon the project i only hold the project if i see good roadmap and some unique idea behind the project but it is really tempting as well to see the growing price of the token that you hold remeber when btc is at 50$ at that time many investor are selling and now it is price is humongous if they hold they will have good amount so if you find good project and you have patience then no one can stop you but big factor also depend upon which project you still choose
The truth is not to take away your emotion for any project, but I have learned that marrying a project is not the best option, because at some point projects will fall and there will be no way to recover, unless it is well founded, I will. I would really suggest that if you want to invest, go big and buy BTC, fraction of BTC because that is the safest investment in the world. Now I recommend it to you because since 2017 I have learned a lot about the projects and if they are not listed in a level 1A Excahnge it is very difficult for it to prosper, in the first pump I recommend that you sell, to ensure your profit, of course it is only my advice.
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TheGreatPython
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January 10, 2022, 09:18:34 PM |
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at some point we can't dictate holders of how long will they be going to hold their coin, I know everyone has their own plan on their assets and if I am going to ask I think there's nothing wrong with holding your token in a long term, I mean I will take bitcoin as an example, and this token is in your portfolio already for a long term because you in yourself have already established this what we called trust to the token and you certainly believe that in the future this token will be more valuable than it was today then it's a person's choice already. I also believe that the holders do understand the risks, the chances pass whenever the price let's say pump but he didn't sell it, as long as he didn't need to sell it then I think it is just fine.
I personally like to hold as long as possible, hold 10+ years if I could, why would that be a problem? I understand that coins like SOL and Matic look like they are not things you should hold for 10+ years, but things like BTC, ETH, BNB, LTC are all looking like you could hold them for 10+ years and they will be fine. This is why I am quite happy with what I have, it is basically just a method of making money for me in the long run and so far it has been working very well too. If you are not entirely sure about it, then you could end up with a better understanding by just watching the past, and if you think past will not be like future than imagine you bought it and wait for another full year and you will see it.
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dunfida
Legendary
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January 10, 2022, 09:32:43 PM |
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at some point we can't dictate holders of how long will they be going to hold their coin, I know everyone has their own plan on their assets and if I am going to ask I think there's nothing wrong with holding your token in a long term, I mean I will take bitcoin as an example, and this token is in your portfolio already for a long term because you in yourself have already established this what we called trust to the token and you certainly believe that in the future this token will be more valuable than it was today then it's a person's choice already. I also believe that the holders do understand the risks, the chances pass whenever the price let's say pump but he didn't sell it, as long as he didn't need to sell it then I think it is just fine.
I personally like to hold as long as possible, hold 10+ years if I could, why would that be a problem? I understand that coins like SOL and Matic look like they are not things you should hold for 10+ years, but things like BTC, ETH, BNB, LTC are all looking like you could hold them for 10+ years and they will be fine. This is why I am quite happy with what I have, it is basically just a method of making money for me in the long run and so far it has been working very well too. If you are not entirely sure about it, then you could end up with a better understanding by just watching the past, and if you think past will not be like future than imagine you bought it and wait for another full year and you will see it. Be contented on what you do have and what matter most here is that you wont really be putting yourself on a stress condition out of those investments.All things you do need is to accept the risk and be aware that theres no assurance if we do talk about the future. Act accordingly with your knowledge and skills and you would be seeing neither you had done a bad or right decision.Sell when you do able to do so and hold if you do see a particular coin does have potential to rise up its price so its a personal choice in the end of the day as always.
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JunkieMiner
Member
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January 10, 2022, 09:48:31 PM |
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Today, you have seen how the bitcoin price down to a level which no one has expected due to which many of the traders made losses but in short term trading it is normal to get a loss due to bitcoin, wise is that person who hold the coins whether it is bitcoin or any other coin through which he wanted to make a good profit.
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lixer
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January 13, 2022, 09:03:25 PM |
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Today, you have seen how the bitcoin price down to a level which no one has expected due to which many of the traders made losses but in short term trading it is normal to get a loss due to bitcoin
I am not ready to agree that this kind of bearish market movements are unexpected. People who are into bitcoin market for years definitely expecting such kind of market situations always and if you are having enough funds in back up then you should go for buying the dips with plans of holding for long term; this way long term holders are making use of bearish market. wise is that person who hold the coins whether it is bitcoin or any other coin through which he wanted to make a good profit.
If you are good in technical analysis then you can go for frequent buying and selling still the market is too smart to trap you at any point. This is the reason long term holders never prefer active trading.
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Rockstarguy
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February 12, 2022, 06:55:28 PM |
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It's best to always take the profit of the coin which is been held if the person don't feel like to sell the coin to rebuy another. But it's not still advisable to hold a particular coin for a very long time expecially coins that are not too reliable. If one should decide to hodl coin for a long it should be a coin that their is assurance its a future coin.
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February 12, 2022, 08:19:15 PM |
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It's best to always take the profit of the coin which is been held if the person don't feel like to sell the coin to rebuy another. But it's not still advisable to hold a particular coin for a very long time expecially coins that are not too reliable. If one should decide to hodl coin for a long it should be a coin that their is assurance its a future coin.
If you expect the the price of the coin will increase over time, then its good to hold, but give it a time frame so that you can still enjoy the profits and buy back again at a lower price. Even if you have bitcoins in your wallet, its never a wise decision to hold them forever. But if you are afraid to take the risk in selling, you can sell some of them so you can roll the profits and then hold the remaining for a bigger profits in the future.
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