Alen098
Jr. Member
Offline
Activity: 62
Merit: 1
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January 23, 2022, 05:19:54 PM |
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If I was at your place I would have sold them off long time ago since every time the trend would change and the old coin projects would become dead.... So it's better to go with the trend coins and you should sell them off right away and book the profits from those coins
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superman184
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January 23, 2022, 05:59:53 PM |
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I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
Make short-term trades to make profits even in small amounts. Because if you buy tokens that have no potential, it's very difficult to make a profit. Maybe waiting for the token to be lost in circulation. I've also bought tokens like that, and made memories in the wallet until now. Not to mention the much higher transaction fees compared to selling the entire token.
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ChrisPop
Legendary
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Activity: 2310
Merit: 1033
Not your Keys, Not your Bitcoins
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January 23, 2022, 08:59:07 PM |
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I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
I am not a financial advisor so I cannot give you an advice, but what I can do is tell you what I would if I were in your situation. First of all I would do a proper assessment of my financial situation and of my spending needs. If the amount I can cash out from my ICO investments is significant relative to my income I'd definitely take profits at least partially. To decide what I do with the rest I'd do a well-documented research of the projects - everything from vision, tokenomics, developers, management team, marketing, etc.
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Shuna_Inuverse
Copper Member
Newbie
Offline
Activity: 83
Merit: 0
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January 24, 2022, 03:15:09 PM |
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Is project is useful and in demand it is better to wait till the rise of the market. Now in spite for the fall of the market the price of NFT continues to grow. A lot of interesting NFT like https://twitter.com/FomoChronicles/status/1483799729892995074 appears. I like such stile of NFT and this NFT collection. Now many famous people and big companies create their own NFT because NFT give them a lot of advantages and allows to interact with their community. They believe that NFT is a very prospective technology and actively use it for their benefits. For trading, it is necessary to have special knowledge of the market. Also it takes time to trade. To hold cryptocurrency it is necessary just to buy crypto assets and hold them.
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doomloop
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January 25, 2022, 10:30:33 AM |
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Make short-term trades to make profits even in small amounts. Because if you buy tokens that have no potential, it's very difficult to make a profit. Maybe waiting for the token to be lost in circulation. I've also bought tokens like that, and made memories in the wallet until now. Not to mention the much higher transaction fees compared to selling the entire token.
How can he make short trades when the price of his coin is stable? But, he can wait a little bit more and if he saw some green, that is the time to grab the opportunity by selling and then maybe buying back some if he believes that he holds a gem. If the fees is much as the token you hold then do not ever make a trade obviously because your going to loose, this is the problem now for the people that buys eth based tokens before because eth suddenly went sh!t. If we can, it would be wise to pick tokens that are under bsc or something similar to make your capital more worth it but most importantly make a research before putting any money.
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arbifahrozy
Full Member
Offline
Activity: 896
Merit: 100
$CYBERCASH METAVERSE
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January 25, 2022, 12:37:29 PM |
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Hold is best in this market. Use Dca on Top coins on the way down and accumulate enough until you’re able to stake it during the remainder of the bear market cycle and still earn interest on your holdings…
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riskarcher
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January 25, 2022, 03:03:01 PM |
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Patience is the key to success in crypto, I always hold in the long term because it will get a satisfying profit compared to daily trading but by buying coins that have clear fundamentals and never invest in coin memes that have no clear community and project. always Dyor in trading
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noormcs5
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January 25, 2022, 03:19:13 PM |
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Patience is the key to success in crypto, I always hold in the long term because it will get a satisfying profit compared to daily trading but by buying coins that have clear fundamentals and never invest in coin memes that have no clear community and project. always Dyor in trading
Well, i also prefer holding and investment as this is the only way you can become rich and even millionaire. With trading you can make constant small income but you can become a millionaire only by trading. Also, when it comes to trading there are many kinds of trading like scalping, intraday and swing trading. I would suggest that you should avoid scalping and day trading both, as there is a lot of risk in both of them and you do not have peace of mind doing them. Swing trading is far better but it may take a few days to a week, to complete but give better returns than day trading.
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bhadz
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January 25, 2022, 10:49:26 PM |
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Hold is best in this market. Use Dca on Top coins on the way down and accumulate enough until you’re able to stake it during the remainder of the bear market cycle and still earn interest on your holdings…
Good style of investing, you know what to do when things are turning bad for the market and it's the one that you don't like. You hold, dca and stake. Don't forget that when you dca, it's always the case that you're going to see the buying opportunity at good times and when they're down. Because if it keeps on dipping, you should keep buying until it finally hits the bottom.
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ultrloa
Legendary
Offline
Activity: 2758
Merit: 1228
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January 25, 2022, 11:17:05 PM |
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Is project is useful and in demand it is better to wait till the rise of the market. Now in spite for the fall of the market the price of NFT continues to grow. A lot of interesting NFT like https://twitter.com/FomoChronicles/status/1483799729892995074 appears. I like such stile of NFT and this NFT collection. For trading, it is necessary to have special knowledge of the market. Also it takes time to trade. To hold cryptocurrency it is necessary just to buy crypto assets and hold them. If project is really good and prospective it is better to hold its tokens. Because after the fall of the market will be a rise and it is necessary just to wait a rise. Depend how market situation goes since if you hodl it then your investment will be called died since you didn't know if this will revive back nor don't have an idea on when your token to pump, that's why you need yo consider certain perspective on how market flows since if you day trade them on like this current bear market condition then provably you will earn more volumes which can make you earn more bigger if the price shot up in future.
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perfect999
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January 26, 2022, 07:49:14 PM |
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I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
I was thought something in my basic classes in Bitcoin and Crypto. And that is to always take profit even if it is very small or greed will ruin you. I will advise that even if you still have the mind to hodl, you should take a little profit because you can't tell what tomorrow will bring. And also keep in mind that it is from ICO, and there is this likely hold that they usually fall after the whole hype and distribution. So, it is highly subjective what coin/token that you are holding and trading. Not all the coins are suitable for holding but bitcoin must the one which is highly suitable for long term holding.
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bhadz
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January 27, 2022, 08:53:18 PM |
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I have just one formula which is to handle because trading required skills and experience, this has left me with no choice but to hold some time as it is always risky to trade when you don't have any experience or skills.
Don't trade if you don't know how to handle your emotion. Risk is always associated with it and the same with holding. Maybe people don't think that there's also risk in holding. The risk that holders have is also known, we don't just feel it because we barely do nothing when the market is down. We're used to the market situations and that's why holding becomes easy.
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SlimShadyMmp
Full Member
Offline
Activity: 1470
Merit: 103
COMBO 2.0
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January 27, 2022, 11:31:48 PM |
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How are you sure they will come back and make those Xs in the future and are you following any of the projects you bought their ICO to see if there are updates and maybe check tokens unlocks and stacking or other stuffs I think you need to be checking those things everyday to make sure they are good to hold and will benefit you in the future If not I will say dump those coins mate
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letyouearn
Legendary
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Activity: 1722
Merit: 1014
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January 28, 2022, 12:16:31 AM |
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I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
Trading is gambling, especially if you are not experienced trader. 90% of traders earn less then average investors, so I wouldn't suggest you to make such experiments unless you want some experience instead of money
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yohananaomi
Sr. Member
Offline
Activity: 2366
Merit: 267
Vave.com - Crypto Casino
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January 28, 2022, 09:42:34 AM |
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Patience is the key to success in crypto, I always hold in the long term because it will get a satisfying profit compared to daily trading but by buying coins that have clear fundamentals and never invest in coin memes that have no clear community and project. always Dyor in trading
To hold back in a long enough time certainly it is clearly needed patience, because without patience, what will be done can be sure to be in vain. Obviously holding back is something that can be sure very well when placing on a very potential coin, because in time it will get what is expected. But daily trade is also not bad to do as long as we know correctly what we will do, because every daily trade action will receive a considerable risk, but is proportional to the success that will be obtained. So there is no need to hesitate to trade daily, as long as it has already studied well. If the problem of coins memes, it's hard to recommend it to be held, because the risk that will be accepted is quite large. But if for Shib it seems quite interesting too because they have committed combustion to reduce the amount of circulation so that it can increase value. Is this a good thing to be learned first.
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Tellek Garing
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January 28, 2022, 10:00:39 AM |
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This majorly depends on the altcoin you are holding, if there are possibilities of a market crash due to pump and dump situations it is better to trade them but on a more serious note take bitcoin very important as it is more stable and have a bigger market demand so holding bitcoin for long term basis is a good way to start.
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asyakashi
Sr. Member
Offline
Activity: 1918
Merit: 256
Just.bet - Decentralized On-chain Casino
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January 28, 2022, 12:40:54 PM |
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The current situation is a bearish market. If you do not experience many losses and are confident in the fundamentals of the ICO you follow it is better to be a holder but if not, you must dare to take a little loss to buy even cheaper. Trading now is very risky because we enter a bearish market.
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abralzain17
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January 28, 2022, 12:46:15 PM |
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I have some altcoins I bought at the ICO stage which did x pricee movement and now are dead while others are still at a stable price but I will like to make some profits at this time should I continue holding or start trading them to make instant profits what will be your advice in this situation.
with conditions like this, it's best if whatever crypto you hold onto should be held temporarily in your domet, don't let go of the assets you have when the market is experiencing a correction like now, and this will cause harm to anyone if you want to release it. as for if you have crypto from the Ico stage, you should follow the road map, maybe in the roadmap there are clearer instructions about the crypto you are holding. I think the current state is better to hold on than to let go
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DonFacundo
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January 28, 2022, 01:16:12 PM |
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Based on my experience doing day trading it is really difficult to make a decent profit in just a day, sometimes you will not getting profit if the market is in the down trend and it is very stressful, just don't expect that day trading is profitable and there is no guaranteed that you can make money everyday. I guess my advice to you is to hold your coin patiently until you earn profit or just wait the bull market it will be profitable.
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Wahyuihib
Member
Offline
Activity: 609
Merit: 10
Rexx
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January 28, 2022, 02:10:01 PM |
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I've also experienced something like your current situation, namely holding coins in the hope that one day they will get a profit. but all in vain. in my opinion, please trade your coins that still have a price, even if you get a little result it's okay, as long as you don't lose
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