Know when to buy and hold

[freedomgo]

HODL is considered a strategy that tends to avoid short-term price fluctuations.
Beginner traders either lose money or make less profit than when they hold their coins.

when you can't buy at the current price and are still stuck at a relatively higher price then there's no harm in doing hodling because indeed this is one of the necessities when the coin being held is a coin that has potential there.
on the other hand it is also very good to practice our patience, especially for beginners who incidentally are still passionate about trading

Hodling for long term may even bring out the best profits as long as we are into hodling established and coins with high utility and use cases. But of course, it won't be profitable enough if we are not that patient and has positive mindset. So there's nothing wrong if we only chose to hodl rather than sell it in a price that won't satisfy us. I believe we have the right to do what will be the best for us and for our assets, and its our coins so we should be more capable how to make them profitable.

Yeah, patience is always the key to success but somehow, people had made it difficult and can't control themselves which makes them decide to sell especially when they saw market declines. Emotion is the biggest enemy when it comes to holding, the majority got in trouble with this and it cause major losses for them.
If we can manage to handle/change this, everything will be alright, I think. Yes, it was very challenging but if we are committed to changing our mindset and keeping into positive, that would be easy.

Yes, without patience, you can never sustain from long term hodling. And even if you go into short term trading, without patience to understand the market, you will still fail and end up losing. So its always the best virtue not just in crypto alone but in all aspects of business industries.

However, if you can manage not to hodl for long term because you are more capable in short term, that will be a good strategy too as long as you know and is more capable how to make your profits consistently.

[isaac_clarke22]

~

Well here from me is a real experience when I attempted to trade. I learned some trading tools in Binance back then through some simple tutorials in Youtube.....err of course it didn't went a planned. Sold too early even if Bollinger Band and RSI kind of helped me out but still it was still all loss.
I went back to hodling since then. Never going back again...maybe?

[nurilham]

I think as long as we can make a profit then there is no right time to determine when to sell or buy. But what needs to be underlined here is that the crypto market that is going down is indeed good to buy as much crypto as possible and hold it until it feels like the price is enough. Many people are impatient in holding their crypto so they keep selling it at a low price and suffer losses. So the strategy that we take is also very influential on the profits we will get. As long as we can manage and store it properly then I think it will be profitable.

[BuNga_cute]

I think as long as we can make a profit then there is no right time to determine when to sell or buy. But what needs to be underlined here is that the crypto market that is going down is indeed good to buy as much crypto as possible and hold it until it feels like the price is enough. Many people are impatient in holding their crypto so they keep selling it at a low price and suffer losses. So the strategy that we take is also very influential on the profits we will get. As long as we can manage and store it properly then I think it will be profitable.

It's actually not that hard to make a profit from investing in crypto. The most important thing is that we can choose potential coins, after that
we just need to wait patiently until the price target we want is achieved. Or the price goes up to higher than the price when we bought it,
the problem is that most people who invest in crypto are less patient. They want instant profit, where people who expect instant profit will only
experience losses. Because to successfully invest in crypto, the most effective strategy is to control our emotions by being patient and not selling
the coins we have at low prices. I believe everyone can make a profit in crypto if they can be more patient holding the coins they have bought.
Sometimes it doesn't matter if we buy coins at any price, as long as we choose potential coins, because the price of these coins will continue
to rise every year. So if we can be patient holding these coins in the long term, the possibility we can generate large profits.

[poodle63]

Here’s the thing, no one gonna know which market correction could further evolves and become bearish market and which bearish market gonna lasts years, months or days.
That’s also the reason why many of the traders, despite having really good market analyzation, couldn't make consistent profit and acts accordingly with the market condition.
Your short term holding that was initially your idea could easily become long term holding if the market decides there’s some signficant market movements.
Your strategy may works but always remember in market full of uncertainty you should adapt and overcomes. At least you can try to use some TA that already published by some expert traders and you can try to take it as your reference to trade

[tarable]

depending on what coin you hold, if you hold a good coin, of course it will be very interesting to wait, but for me long-term investment does not look at all tokens, of course I will filter from some good coins for long-term investment, like DOGE, this coin is worth investing in for a long time.

This again depends on everyone's perception because I think Dogecoin is still more suitable for the not too long term, or in other words is the medium term, apart from memecoin, which is clear Dogecoin is still not suitable for long-term investment.

Among the many meme coins, for me Dogecoin is superior and worth buying with the consideration of selling it immediately when it looks like a profit from the price when we bought it. one way to make a profit on a coin like Dogecoin is to make a large number of transactions.

Yes I agree with that because there aren't many meme coins that are really good,
Dogecoin and Shiba inu are two meme coins that are above on CMC,
but holding meme coins is also not a good choice and tends to be risky

depending on the person who has the two types of coin memes how they make their decision. good talk or not, for us both of them do not have a good future even though there are figures behind Dogecoin or Shiba Inu.

[tarable]

depending on the person who has the two types of coin memes how they make their decision. good talk or not, for us both of them do not have a good future even though there are figures behind Dogecoin or Shiba Inu.

The figure behind the memecoin can also run when he feels bored with all the memecoin he has supported because the nature of a human being is always easy to get bored even though he has high consistency in each of his choices.

it has entered into another context. of course they are bored because their goal on every coin they support is to make a profit. not to accuse but we feel that those who support meme coins are also aware that the future of meme coins is not as good as other potential coins.

[sirminesalot]

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

good for you if you want to become strong holder . which I believe people will be tempted when they get big profits. what % do you think is big? 100% ? is it still a holder when the value is 2x? in the end the true holders in my opinion who don't think about their assets in crypto anymore.

I'm agree that will be very hard to become a true holder if we always check our asset's price progression, if we already made profits more than 100% less than a year, it's already super big return in any kind of investment exist, so if we think with logic, we should sell it right at the moment we gained the x2 profits.
But for the people who has the dreams to be rich and don't want miss a chance of being rich, they must be hold it in case of hoping the coins will gain even more.

[topbitcoin]

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 most people especially who aim for long term investment will wait for bear price to maximize their profit or made time that they spend for it is worthy. But maybe the problem is sometimes dip really can't be predicted and although bear market come, price can be dump and dumped and nobody know it will stop in where.

[Woodie]

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 )

From the way i look at this, its the only option you have left as you can not sell at a loss. If say you bought a thousand dollars worth of crypto coins and the bears hit you with a 30% or 50% market share then you will have to hold to break even if not you will have to buy the dip and gain from price recovery from your first buy.

, 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 see the crypto markets having less hodlers as ways in the early days but great to see people are still holding... Which should be an encouragement to us all

[trauchot]

I always buy cryptocurrencies when a huge dump of the cryptocurrency market begins, for example, cryptocurrencies have been falling in price already some time and I gradually invest in various cryptocurrencies, but of course I don’t invest in everything without thinking, but I study in detail every cryptocurrency in which I invest or am going to invest and of course I invest in cryptocurrencies for a long term, but there are situations when the cryptocurrencies in which I invested begin to grow almost immediately to incredible heights after I invested in them and I starting to sell them and in general, everyone decides by themselves in which cryptocurrencies to invest and when to sell them.

[justdimin]

I'm agree that will be very hard to become a true holder if we always check our asset's price progression, if we already made profits more than 100% less than a year, it's already super big return in any kind of investment exist, so if we think with logic, we should sell it right at the moment we gained the x2 profits.
But for the people who has the dreams to be rich and don't want miss a chance of being rich, they must be hold it in case of hoping the coins will gain even more.

100% could even be a bit low thinking how bitcoin could do better than that. So, we are talking about by far the best investment aside from a few years, 2018 wasn't but that's about it. When you are making that much money with something, to wonder if you should hold more is a weird thing that I do not really understand very well.

People see this as a scam I believe, there are still some people who think that bitcoin and crypto are scams and they want to make money and get out as quickly as possible. That is not something that I really want to see, it is not really ideal and I would rather have something that is a lot better in the long run, realize that it's legit and it could make a decent money for you if you hold it long enough.

[savetheFORUM]

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

Determining when to buy is impossible for most people which is the reason experts are emphasizing about buying at regular interval regardless of where one particular coin trading. This is called Dollar Cost Averaging. By doing this you will be getting better average buying price because you are not buying for all your capital in one single day but when you are regularly buying then you will get chances to buy at dips (which may be around the bottom of the cycle) as well.

To hold you do not need any big mechanism but you should invest only what you are afford on the event of losses and also you must invest in cryptocurrency the money which is not needed for you for next 10 to 20 years. This way holding will be easier for anyone.

[Quidat]

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

Determining when to buy is impossible for most people which is the reason experts are emphasizing about buying at regular interval regardless of where one particular coin trading. This is called Dollar Cost Averaging. By doing this you will be getting better average buying price because you are not buying for all your capital in one single day but when you are regularly buying then you will get chances to buy at dips (which may be around the bottom of the cycle) as well.

To hold you do not need any big mechanism but you should invest only what you are afford on the event of losses and also you must invest in cryptocurrency the money which is not needed for you for next 10 to 20 years. This way holding will be easier for anyone.

Everything cant precised.Period!

Knowing on when to buy and hold and even on when to sell is already a big problem for us no matter or neither you are a noob or professional because this market had been
already unpredictable since from the start but with due experience you could able to handle it out.

This is the main risks that you are dealing with once you do step your foot into this market.Deal with volatility and unpredictability.

[OrangeII]

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, I did the same thing, and actually, a lot of people suggested something like this when a bear market happened. there are two things that are recommended, namely holding, and adding assets because it becomes an opportunity to buy at a low price.
it's just that, many people think that it's the right time to sell to minimize risk. Well, that's not really a problem, however, the problem is when they think that when the bear market arrives, it will be the downfall of the crypto world, which makes them think that crypto is a scam. well, sometimes people like that usually just follow the trend. they enter when crypto is hype, and can't stand the risk.

[Ngewex Yuk]

By knowing in detail the coins we hold, we can get profit even when the market is down, many coins have a stable price chart pattern every year, up to every month, besides that by knowing in detail we can be optimistic to hold and make it an asset long-term.

[Kavelj22]

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!!!

But investment for long term also requires the minimum of market analysis skills. Except for bitcoin and few other coins, all other coins seems to me not worth holding for long run. Few years ago, i invested in Grin coin with the intention that it's a giant project that will change the way we see cryptocurrencies, but unfortunately he lost value due to several reasons like the lunch of Beam coin which is another concept from the same protocol by which Grin was developped.
I think Bear market is the key for short term investment but note that the gains will not be that significant unless you invest with big money which is more risky because no one can guarantee that such a coin will recover after the Bear.

[Doell]

hold in long terms is a factor that causes success if buy at the lowest price but the timing is a debate ,is the low right at the current price or will it fall further ? well support price can be seen above 40K which means if it falls below that then every trader or investor will immediately take more ,so they and we won't see the old mess of more than a week below that price !

[palle11]

I will only buy now to sell later ( short term ).. stupid idea? Let's hear your thoughts

How can this be a stupid idea ? It is not. In fact it is the best way to have profit. If you buy low you need to wait for sometime for the profit to accumulate before you sell and that is buying and selling later, so is there anything wrong with that ? No there is not but the way that we can hodl for more profit. No body invest with out the aim of making profit and making profit is gradually and hodling coins is just about that. We need to hodl longer for profit.

[sayaya17]

No body knows the market will dump up to what price it is. But this is already dump away, it's never too late as long as you want to hold  in the long run. But if the current price is still expensive, somebody can still wait for it according to the price that has been determined by each. Maybe if you expect the price will be cheaper, must be more patient to wait for it, until the desired price is reached.