How to grow my wallet?

[bounceback]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

For me personally maybe I will sell half of the coins to make a profit and then wait for the coin price to drop to buy again, because usually when one of the coins has reached a new ATH then after that the price of the coin will experience a temporary price decline because it is caused by some investors who make sales in large quantities so that the price of coins will go down.

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[domoy77]

For me personally maybe I will sell half of the coins to make a profit and then wait for the coin price to drop to buy again, because usually when one of the coins has reached a new ATH then after that the price of the coin will experience a temporary price decline because it is caused by some investors who make sales in large quantities so that the price of coins will go down.

That is clearly true because each coin is also not at its ATH price for too long so the potential for it to go down again is always greater and it would be very good if everyone wanted to make a buy back order at a lower price with their respective percentages.

[RealMalatesta]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

After a year you should not called yourself as a newbie anymore, and you should already know what to do by that time. Hitting an ATH is a sign of taking profit because the next trend for that is down trend so its better to sell right away before its too late. Again, my advice is to actively monitor the market and don’t just hold passively because many are missing the opportunity to sell for doing this.

I wouldn't be sure about that, your involvement matters when we are talking about the level of dedication and experience. Someone who "knows about" bitcoin for the past 5 years but haven't done much, or didn't follow up too much could still be a newbie, would be hard but still possible and could be ignorant about most developments and learn about them way too late.

Someone who has been here for a month, but managed to read 20 hours a day on everything and learned all the ways could become not so newbie and even get to being a good crypto person. It is not about the time you spend here but more about how you spend that time that matters even more.

[TastyChillySauce00]

if you think you’ve made quite the profit for holding some altcoin then making profit out of it is really nothing wrong, so many of us actually think that we could see the final phase of the rally but that’s not true at all.
i’ve seen many being bullish and forgot that a rally will definitely have an end, if the altcoin you hold happens reaching its newer ATH then making profit out of it is simply a wise decision, even if in the future the value gonna be rising again, at least you’ve made
the profit out of it and not losing, because honestly, selling at the rightest time is simply a myth in the world of investment.

[ardydyon]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

I think for beginners like you play it safe first.
actually this also applies to old players in the crypto world.
When you hold crypto for years or less than a few years, you have reached a new ATH, you should first secure your capital.
sell some to secure your capital, then let the rest hold on the coin.
why sell some if the coin is bullish and makes a new ath again you can still enjoy the benefits of the increase.
but if the coin is bearish at least your capital is safe and only suffers a loss from the profits you still hold on the coin

[lienfaye]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

A year of waiting is long enough holding a token. If you're happy with the profit then you can sell already and leave 30% of this token if you think it has potential to grow more, based on the progress and the team working behind it. If you mean you want to grow your wallet or your crypto holdings then you can invest to other top coins using the profit you get by selling your token. Just dont forget to always conduct a research before investing.

[martina14]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

In the first place anyway, selling our coins is in our hand decisions not in the others opinion. If you want to sell it, make sure you know the reason why are you selling, this is something that is timely to sell or not? there's no question if you get profit,  the point is you know this is the right time sell, that's what I am trying to emphasize.

[Adbitco]

Now I have to make correction about your topic which doesn't correlate with your post but nevertheless.
Secondly Its simple, as newbie or beginner you are encouraged to sell part of your token hold maybe could be 10, 20 or 40 percent of the token hold then monitor the remaining percentage, perhaps if the prices goes down below ATH you bag more and still monitors carefully.. though it depends on your choice to either buy more or just monitor the previous balance you had out of the already sold ratios.

[Desscount]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

In the first place anyway, selling our coins is in our hand decisions not in the others opinion. If you want to sell it, make sure you know the reason why are you selling, this is something that is timely to sell or not? there's no question if you get profit,  the point is you know this is the right time sell, that's what I am trying to emphasize.

In essence, the decision to sell or buy coins depends on the research we do,
what other people do may not necessarily suit us later so don't try to make decisions based on other people,
do what you know and don't rely on others because that won't make us grow

[TopT3ns]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

Absolutely you can grow up your assets after few years later but with holding potential altcoin, if you can choose potential altcoin you can take much profit few years later with your coins assets reach all time high price. But now all altcoin have potential with reach all time high although with holding two or three years later. You need choose as top altcoin market like XRP, XLM or ETH as your investment assets and keep growing up after one or two years later, but if get profit with several percent few days later is not fault to sell it and buy back when price drastically drop.

[TreyARC]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

You are to take profit and wait for the market to enter the bear phase and buy the coin back again, the reason we invest is to make money and holding more longer can turn you into a whale.

[danherbias07]

Depends. You said it was already years that you have been holding it. Is it enough to justify the profits made by the coin you are holding?
Was the time consumed waiting for the value to increase is fair enough to sell it and just enjoy the harvest?
But if you want to increase the number of that coin without investing more, then selling it will be the remaining option, and then wait for the right time to buyback.
That's the crucial part though, are you expecting a dump anytime or will you wait to maximize the profits and be able to buy high amounts at the next decrease in price?

[joeperry]

Lets say you are holding it and it hits ATH, of course you should sell it. Don't be greedy just like the others who thinks holding for a long time would benefit them (Yes, for some) but as much as you have profit sell it but you can sell only half of it as long as you have a secured profit and you can sell the other half when it increases more or buy more if the price pulls back after selling half after ATH.

[Silberman]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

After a year you should not called yourself as a newbie anymore, and you should already know what to do by that time. Hitting an ATH is a sign of taking profit because the next trend for that is down trend so its better to sell right away before its too late. Again, my advice is to actively monitor the market and don’t just hold passively because many are missing the opportunity to sell for doing this.

Truth to be told there are many people that have been here for years and despite all of this they do not have more experience than your average newbie, and this is because they have never taken the time to try to learn anything from the markets, so I am not surprised that scenarios like this one could eventually happen, what I find incredible is that despite that incredible lack of knowledge people still decide to invest in the markets since their chances of beating other traders that actually know what they are doing are zero.

[The Cryptovator]

Listen, I have learned from my past mistakes. Just hold and hold is a bad idea. There is always happen pump and dump in cryptocurrency. We have to take advantage of it. If you don't want to take advantage then how long will you hold? I had thought something like this at the beginning, but that's how I lost a lot. Sometimes it would become near zero if you hold shitcoins. Also choosing the right coin is quite challenging. I will prefer to hold till the massive pump, and wait for another dump and accumulate more coins. That would be a better strategy to increase your wallet value.

[the ghabbar]

Lets say you are holding it and it hits ATH, of course you should sell it. Don't be greedy just like the others who thinks holding for a long time would benefit them (Yes, for some) but as much as you have profit sell it but you can sell only half of it as long as you have a secured profit and you can sell the other half when it increases more or buy more if the price pulls back after selling half after ATH.

For me personally, in investing trying to confirm the basic cost with the profit, if at some point I get the profit, then I will sell the coins I have, the big problem the profit is very much dependent on the purchase, so there is no reason to hold and not sell when the price starts to rise, that's why the time must be right, if we start investing

[TimeTeller]

Lets say you are holding it and it hits ATH, of course you should sell it. Don't be greedy just like the others who thinks holding for a long time would benefit them (Yes, for some) but as much as you have profit sell it but you can sell only half of it as long as you have a secured profit and you can sell the other half when it increases more or buy more if the price pulls back after selling half after ATH.

For me personally, in investing trying to confirm the basic cost with the profit, if at some point I get the profit, then I will sell the coins I have, the big problem the profit is very much dependent on the purchase, so there is no reason to hold and not sell when the price starts to rise, that's why the time must be right, if we start investing

You don't know if after hitting the ATH, the price will go down and won't recover again.
So this case depends on the token itself. Better sell it while you are in very good profit.
But if you think the project has so much to offer and the team is still developing the platform.
Then, maybe, they can attain a new ATH but it is up to you if you will get your profits now or wait for another chance.
But better secure your profits because at least you are already in the positive side.
Most tokens don't recover after hitting their ATH, remember that.

[Joyawan13]

Assuming I've made up my mind to hold on to a token for many years but after a year this token hit a new ATH what should I do as a newbie? Sell or not sell?

when the tokens you hold that you keep in your wallet for a year, and the tokens have dropped in price and are currently up in their ATH if i should sell them, and can invest in other altcoins or can for capital do day trade, because when the tokens have for a long time the price is difficult to be able to go up in price and suddenly rises in ATH, maybe the token can go down again quickly, but all decisions are of course up to you.

[bitcrystal]

Let's say you are trying to grow your portfolio, your plan was to make profit and maybe you estimated that in so so number of year you would have made a reasonable profit but suddenly in a year it got to a new ATH, then I think you should take some profit partly or wholly and wait to buy back lower. Don't be tempted with the hope of waiting for more profits. Based on previous experience, you can wait forever.

[Silberman]

You don't know if after hitting the ATH, the price will go down and won't recover again.
So this case depends on the token itself. Better sell it while you are in very good profit.
But if you think the project has so much to offer and the team is still developing the platform.
Then, maybe, they can attain a new ATH but it is up to you if you will get your profits now or wait for another chance.
But better secure your profits because at least you are already in the positive side.
Most tokens don't recover after hitting their ATH, remember that.

Correct, the decision needs to be based on the altcoin itself, however odds are that after hitting its ATH an altcoin is never going to recover so just by those facts alone then it is good idea to sell at the ATH, the only exception to this is if you just happened to invest in an incredible coin that could eventually reach one of the top positions in the market, if you believe the coin in which you invested is that good then holding is a good option.