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Author Topic: Know when to buy and hold  (Read 1185 times)
Williamm07 (OP)
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January 13, 2022, 07:31:28 AM
 #1

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts

KaliLinux
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January 13, 2022, 09:34:04 AM
 #2

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts
I want to believe that you think the market will dump back to $3k Bitcoin price like back in 2018  Grin Grin Grin what is the high price you are talking about? Bitcoin just literally fell to about $39k just days ago, you defiantly going to wait for a long long time for that price you are hoping to see which you might not see again because if you are actually planing for the long term, then this market price shouldn't be an issue for entry.
redwine49
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January 13, 2022, 10:29:56 AM
 #3

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts
I want to believe that you think the market will dump back to $3k Bitcoin price like back in 2018  Grin Grin Grin what is the high price you are talking about? Bitcoin just literally fell to about $39k just days ago, you defiantly going to wait for a long long time for that price you are hoping to see which you might not see again because if you are actually planing for the long term, then this market price shouldn't be an issue for entry.
Yep, this market price should not be an issue. I already decide to hold some crypto for long term and buy more when it's going down.

But you can decide to buy when bitcoin will dump let's say 5k 10k or 20k$. All is up to you.
the problem is
Will the market follow your buying area? no body know Grin Grin Grin
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January 13, 2022, 11:06:37 AM
 #4

It really is up to an individual and how the way he looks at the market.

I don't mind holding long term I have tried it since 2016 but when it started plummeting in early 2018, I also dump my coins. Two years I think is a very long time for a coin holder to just keep the coins in the wallet. That's when I learn I think short-term hold is a lot better for I can find ways and increase the coins I am holding by accumulating than just waiting for the value to go up to its ATH.

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January 13, 2022, 11:27:00 AM
 #5

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts

Only very few succeed in timing and predicting the market. That's why success for most lies in long-term hodling. Nevertheless, I would always follow big whales and replicate their buying behavior. For example, if an address already owns 1k Bitcoins and buys at a price of 42k even for several million USD, then you have to assume that the whale knows what (s)he is doing and that the market will soon turn again.
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January 13, 2022, 11:31:34 AM
 #6

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts

Makes sense. You want to buy things when they are cheap so you can sell for a bigger profit. Why buy at the peak and hope for a price rise when you can buy at the bottom and get much much bigger potential returns? Warren Buffett has a name for this strategy: "Buy Low Sell High." It makes me sad to see that many noobs are doing the exact opposite. So, congratz for figuring this out.

Here is a quick trading guide which every trader must know:

Code:
1- Buy low sell high
2- Always remember rule #1

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tarable
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January 13, 2022, 11:56:13 AM
 #7

when market conditions are very supportive to buy, of course that is a good situation because there is an opportunity to sell when market conditions are supportive to sell. buy and hold really depends on the right time and buy when the price is cheap with the aim of selling when the price goes up, so it's not a stupid idea in our opinion.
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January 13, 2022, 11:59:33 AM
 #8

This is a really good opportunity. I have chosen and completely believe in the AccoinGreen (https://www.accoin.com.au/) project. One of the most promising and successful projects in date.

Australian Crypto Coin PTY LTD is an Australian Based and Registered Business. We are http://accoin.com.au and our crypto token is AccoinGreen
https://coinsbit.io/ieo-list/ACCG_96
Refrumatrix
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January 13, 2022, 12:30:39 PM
 #9

I hope you aren't expecting BTC to dump to 3000$ again like 2018? That's never going to happen because all eye are on crypto right now, adoption rate is higher than 2018 days so every dips is now a opportunity to buy and old, it's your plan though we can never tell what the future will brings

cryptomaniac_xxx
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January 13, 2022, 03:19:36 PM
 #10

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts

I think there is no right or wrong as far as crypto investments goes.
You can go buy and then sell at short term and make a profit. Or hold for a long time, meaning buy in a bear market when the price is very very cheap and at a discounted price and then HODL. And it should be a long hold, at least 2-3 years or at least wait for the next bull market to maximised your profit.

If not then just continue to hold, at least this is what I understand for some here in the community. Specially for those who are really in the market for many many years and have enough experience and mental toughness to hold for a long long time.
cryptoaddictchie
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January 13, 2022, 03:23:43 PM
 #11

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts
Thats the thing about holding and trading short term. Those who loves to hold their coin would greatly rip off the rewarda when the time comes. It's just a matter of holding without seeing the value at the middle but for a long term goal. It's safe to ay that if you are looking then your tendency is to sell when you gain such amount of profit.

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Quantum907
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January 13, 2022, 03:33:46 PM
 #12

Investors must understand what they are buying so they can hold for the long term, I'm currently buying Banana because it has a high chance of skyrocketing like Uniswap or Pancake, especially by staking on Apeswap, you can get APR of up to hundreds of percent.

Thank you
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January 13, 2022, 03:48:17 PM
 #13

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts

If you do not have the skill of market analysis, you are better off investing in the long term. You can always choose the currencies that are worth investing in and buy them at a low price. And with a long wait and patience, you can achieve significant gains!!!
Accardo
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January 13, 2022, 04:04:43 PM
 #14

The strategy you are voicing out or hoping to target is thin or thready because the market won't go that bearish anymore. The price you see now is profitable and this is also the best time to buy, this should be the unforgiving bear market you are talking about. If you keep waiting for the price to stoop so low towards your wish that time may not come. I will advice you to hold now and wait for the bullish time to come. They must be profits for any hodler in the market.

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January 13, 2022, 04:10:25 PM
 #15

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts

Well others see a bear market that is something to dread of because all the coins are going down hard and it's difficult to see your portfolio with that.

However, you are right, only in bear market that we can really accumulate a lot of altcoins, just like in 2018 wherein the price of ETH has reaches it all time high of 2 digits but then after 2 years it rose dramatically so by example, if you have buy a ton in 2018 you could have been in huge profits 2 years later.

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hyudien
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January 13, 2022, 04:13:39 PM
 #16

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts
Isn't that a concept that is already commonplace and as a patent law regarding long-term trade and investment? It's just that speech is not as easy as when we are urged by the many factors that affect mentality. Newbies who come to crypto and invest only because of the hype will only be toyed with by the market.

Just go back to how strong is your mentality in being a long-term holder? and the extent to which we place our hope and trust in the crypto we invest in.

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Fakhrulenclix
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January 13, 2022, 04:15:40 PM
 #17

Everyone has their own strategy whether they want to keep longer or sell quickly. I think when the market is bearish like now it is very appropriate to keep or buy some because I really believe from what has happened in the past that the market will always recover either in the near future or takes a little longer, I have no doubts about that.

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January 13, 2022, 04:16:18 PM
 #18

holding back is a good thing and even if we see and reflect about holding by selling and buying it is certainly more difficult to hold on.
but for the current price you say it's too high even i never felt like it though it may be a bear market is more severe than the current correction but i really doubt to even see the bitcoin price fall deeper like it did a few years ago

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January 13, 2022, 04:22:30 PM
 #19

everyone has a different view, as i would buy when a bear market comes along. buying dip prices is everyone's hope for sure, so I will wait for the dip prices to happen next year, hopefully I'm still alive. I don't want a big risk, I prefer to save USDT for now. it's bound to happen somehow when bitcoin goes down.?

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January 13, 2022, 04:23:29 PM
 #20

I don't know about you but for me I will only hold coins for long term if we see a unforgiving bear market ( better buying opportunity ), I believe bear market hold the key to long term holding, I can't buy coins at high price sorry ( present market is buying at high price) and decide to hold for years, I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts
It is a good point to buy and hold a coin but make it sure that is bitcoin, not the altcoins.
There's no one will know what is the exact point of buying bitcoin and selling on it. For me, as long as there is a profit while holding in a long term, that is good enough. Because bitcoin is a good investment and it is preferable upon holding in a long term.

Just buy and hold, that's enough. Maybe 4-5 years will have the potential to gain more.
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