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Author Topic: How to grow my wallet?  (Read 1442 times)
Ebede
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May 16, 2022, 03:09:01 PM
 #161

You've made a good question. The common mistake in the crypto space is falling down in greediness. There are many new investors who get good return after entering the crypto space but they can not control their emotion and hold it for getting more and finally get loss. So my advice is if you have made a good profit from any trade then you can sell it as early as possible and withdraw your investment money.

This is a common mistake with newbies they cannot control their greed leading to losses, we should not be too greedy and set goals that are too far away to be achieved. Crypto is volatile, so if you have made a substantial profit or have reached your goal then it is best to cash out.  We can reinvest or continue to invest in other projects later but don't be too hasty, do your research before investing.
Is not only the newbie who is greedy for cryptocurrency mistakes. What we do is general mistake even now way coins falls and some people was expecting it to grow before selling to fiat and some is waiting for bull time. I can not blame who ever that delay before selling off it cryptocurrency. When you make gain you are entitle to sell and conserved the establishment fund

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May 16, 2022, 03:23:37 PM
 #162

You've made a good question. The common mistake in the crypto space is falling down in greediness. There are many new investors who get good return after entering the crypto space but they can not control their emotion and hold it for getting more and finally get loss. So my advice is if you have made a good profit from any trade then you can sell it as early as possible and withdraw your investment money.

This is a common mistake with newbies they cannot control their greed leading to losses, we should not be too greedy and set goals that are too far away to be achieved. Crypto is volatile, so if you have made a substantial profit or have reached your goal then it is best to cash out.  We can reinvest or continue to invest in other projects later but don't be too hasty, do your research before investing.

That's true, you can always reinvest your money if you want to continue working in this industry.

Newbies need to understand the concept and should allow every adjustment to take if you are not capable of controlling
both your fears and greediness it may lead you to lose your opportunities. More on how you will take the market condition
and how you will play to make things favorable.
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May 16, 2022, 03:40:18 PM
 #163

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 this case, as far as I am concerned, I would sell and take all my profits because that was the reason for investing in such tokens anyway then wait for the market to reposition and reinvest. sometimes we get greedy and think the price will continue then you eventually hodl and lost, no need for that with most tokens.
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May 16, 2022, 07:25:29 PM
 #164


A lot of depend how useful is the project and what it offers. How appear projects that give more simple and comfortable access to cryptocurrences and makes DeFi more profitable like this https://twitter.com/Mushe_World/status/1516008791699034122

Many people lose their jobs because of economic crysis and many sunctions.
That is why they stop investing not to lose money.

In spite the difficult situation in the world the adoption of cryptocurrency grows.
It means that more and more people use crypto assets and the adoption of cryptocurrency grows.
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May 16, 2022, 07:51:34 PM
 #165

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 this case, as far as I am concerned, I would sell and take all my profits because that was the reason for investing in such tokens anyway then wait for the market to reposition and reinvest. sometimes we get greedy and think the price will continue then you eventually hodl and lost, no need for that with most tokens.
Patience is mostly needed but there are indeed times which does really require for you to set out goals and made out some immediate sell decision if you are really that serious on
having shorter time frame targets.Its up to someone decisions whether which kind of action you would make because outcome cant really be determined
if you are really not setting up some goals then you would really be having this kind of scenario.

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May 16, 2022, 08:04:59 PM
 #166

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?

it is up all to you and your plans. If you want to grow your wallet, I recommend you look forward to NFT. Especially on NFT Gaming, most people like to play games. If you do what you love and earn great from it, it hit the spot. I am involved in one NFT project, it has so fascinating lore and amazing arts. Also, they have so lovely community, all of them are involved in RP and make funny memes, and interesting stories based on lore. Friend, you must look at their website, which is so sick: https://rchronicles.org  Wink
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May 16, 2022, 09:55:53 PM
 #167

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 this case, as far as I am concerned, I would sell and take all my profits because that was the reason for investing in such tokens anyway then wait for the market to reposition and reinvest. sometimes we get greedy and think the price will continue then you eventually hodl and lost, no need for that with most tokens.
i will do the same thing, when i got profit we must close it. isn't it be main purpose in our investment goal? sell and reinvest when price decline could growth our portofolio value, maybe it could give us bigger return than holding only.Greedy must stop to avoid big loss in our profits.

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May 17, 2022, 12:47:38 AM
 #168

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?
hold if your coins is legit project thats my plan when the bitcoin is drop to 24k all my legit coin was rekt. Hold legit coins and sell the shitcoin, if you hold shitcoin in 4 years bro beleive me your funds will be zero. Hold if your coins legit and soon new ath are come

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May 17, 2022, 09:23:01 PM
 #169


A lot of depend how useful is the project and what it offers. How appear projects that give more simple and comfortable access to cryptocurrences and makes DeFi more profitable like this https://twitter.com/Mushe_World/status/1516008791699034122

In spite the difficult situation in the world the adoption of cryptocurrency grows.
It means that more and more people use crypto assets and the adoption of cryptocurrency grows.

Crytpocurrency becomes more regulated. That is why the adoption of digital assets grow.
Many people use cryptocurrency for trading and investment perposes.
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May 18, 2022, 01:55:26 PM
 #170


A lot of depend how useful is the project and what it offers. How appear projects that give more simple and comfortable access to cryptocurrences and makes DeFi more profitable like this https://twitter.com/Mushe_World/status/1516008791699034122

Crytpocurrency becomes more regulated. That is why the adoption of digital assets grow.
Many people use cryptocurrency for trading and investment perposes.

It is good that cryptocurrency becomes more regulated. It means that more and more people will use cryptocurrency.
But the price of cryptocurrency also depends on the conditions of cryptocurrency market and the economic situation in the world.
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May 18, 2022, 02:25:42 PM
 #171

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?
Holding coins or tokens that have gained high popularity among the market is certainly one of the right choices for beginners because if we hold the right projects then the risks tend to be less than day trading, but if currently the projects you are holding have given you a profit maybe you should take some of those profits or put those profits in other coins.

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May 19, 2022, 03:56:45 AM
 #172

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?
ATH is a good time to sell your coins and cashout profit. And once the price crashes you reinvest for another round or cycle.

On the other hand, what guarantee do we have the ATH we are seeing is really the ATH? Sometimes the investor thinks the crypto is too expensive and the price won't increase anymore, so he just sell all his coins. However, the crypto continues gaining more and more value, but then it's too late, because the investor has already sold all his holdings. It's a delicate matter and always a cryptocurrency hits its ATH I ask myself if the price couldn't continue rising. When the crypto in question is bitcoin, I become even more doubtful and prefer to just hold, as I think it can get better yet.

When investing in altcoins I'm not too confident about their long term potential, though, so it worths to get rid of them as soon as they hit their ATH.

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May 19, 2022, 03:58:00 AM
 #173

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 this case, as far as I am concerned, I would sell and take all my profits because that was the reason for investing in such tokens anyway then wait for the market to reposition and reinvest. sometimes we get greedy and think the price will continue then you eventually hodl and lost, no need for that with most tokens.

If you already have the best profit then sell them, you can reinvest whenever you want, but absolutely don't be greedy. The market will not move as we think, when you are greedy and think the price is going up the market will go down and you will lose everything. So always have a goal don't be greedy.

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May 19, 2022, 06:13:03 AM
 #174

Plant it. Kidding aside, if it hits new ATH there is a high chance that it will have what you called a correction where the price will go down so smartest thing to do is sell a portion of your holdings, not all. And use it to buy back after the price do a correction in that way  you are not only earning money but you increase the amount you are holding too.

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May 19, 2022, 08:56:20 AM
 #175

Well, last I checked, a digital wallet, also known as an e-wallet, is an electronic device, online service, or software program that allows one party to make electronic transactions with another party bartering digital currency units for goods and services. So, for the growing aspect of it, it’s not possible because you only store funds in there, if you want to grow it, you have to buy coins that have the potential of pumping, buy and hold, earn interest of your choice.

So in short, wallet is used to store funds and cannot be grown the way you think, unless the coins or investments are paying off, the return profits will be personally.
Depends on the wallet. There are basic wallet that only built to store and receive funds but there are also wallet with greater functionalities. You can earn interest on them if you save your funds on their so called vault or savings account.

Some wallets also have their own staking programs, you can stake your cryptos there, and many more but the main event here is the earning that we can get on the cryptos that we store on this wallets. We are using the wallet to hodl our coins for long term or it can also be called as investments. Just remember that not your keys not your coins, so make sure to choose a wallet wisely, that one where you can export your own keys or seed phrases.
aryana42
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May 19, 2022, 09:18:22 AM
 #176

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?
First you must know that this token is feasible or not during the achievement of new ATH for quite a long time, because usually the concept of coin development is very different, potential coins such as Bitcoin, Ethereum and BNB can do the achievements of ATH new many times many times In a different time, but for other tokens it is not necessarily this can be repeated in a certain time, my advice is better you sell the token, then see opportunities in the strength or other coins, it could be that today the achievement of ATH and in the future will experience a sharp decline, be careful Heart with token oroin other than the three
KaliLinux
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May 19, 2022, 11:09:19 AM
 #177

You've made a good question. The common mistake in the crypto space is falling down in greediness. There are many new investors who get good return after entering the crypto space but they can not control their emotion and hold it for getting more and finally get loss. So my advice is if you have made a good profit from any trade then you can sell it as early as possible and withdraw your investment money.

This is a common mistake with newbies they cannot control their greed leading to losses, we should not be too greedy and set goals that are too far away to be achieved. Crypto is volatile, so if you have made a substantial profit or have reached your goal then it is best to cash out.  We can reinvest or continue to invest in other projects later but don't be too hasty, do your research before investing.
Well, that might continue to happen until newbies understand that that notion they have coming into crypto investment about quick gains is not so and begin to see investment as a long term thing which will further boost their need to properly research projects before investment and can also lead to being able to grow their (Portfolio) wallet. It's all about Research, patience, and taking the right decision. 
Artik_Finance
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May 19, 2022, 09:31:42 PM
 #178


A lot of depend how useful is the project and what it offers. How appear projects that give more simple and comfortable access to cryptocurrences and makes DeFi more profitable like this https://twitter.com/Mushe_World/status/1516008791699034122

It is good that cryptocurrency becomes more regulated. It means that more and more people will use cryptocurrency.
But the price of cryptocurrency also depends on the conditions of cryptocurrency market and the economic situation in the world.

Cryptocurrency is actively developing, thanks this the adoption of digital assets continue to grow.
Also cryptocurrency becomes more regulated, it means more and more people will use cryptocurrency.
Abco
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May 20, 2022, 05:47:14 PM
 #179


A lot of depend how useful is the project and what it offers. How appear projects that give more simple and comfortable access to cryptocurrences and makes DeFi more profitable like this https://twitter.com/Mushe_World/status/1516008791699034122

Cryptocurrency is actively developing, thanks this the adoption of digital assets continue to grow.
Also cryptocurrency becomes more regulated, it means more and more people will use cryptocurrency.

The most important is to continue to develop the project even during the fall of the market.
During the fall of the market the investing stops and many projects do not have enough funds for development.
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May 20, 2022, 09:50:49 PM
 #180

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?

If you want to grow your wallet, I recommend to take a look at one interesting NFT project "reptile chronicles". They have such a good arts and novels, you should check out their website. Also they have such good features as 1% of all sales for a legendary card  Roll Eyes Have you heard about this project? What do you think about that?
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