Realizing the value of holding cash

[KellyHands]

The importance of taking profits when the opportunity arises cannot be overemphasised. So many persons were once very rich in tokens but due to the dwindling value as well as their hesitant to cash out, they don't have anything to show for it. The market is volatile and nobody is always lucky. When the tide falls on your favor take some benefits and invest in other aspects of your life.

[Silberman]

The importance of taking profits when the opportunity arises cannot be overemphasised. So many persons were once very rich in tokens but due to the dwindling value as well as their hesitant to cash out, they don't have anything to show for it. The market is volatile and nobody is always lucky. When the tide falls on your favor take some benefits and invest in other aspects of your life.

This is true, people get so obsessed with the idea of obtaining more profits that when a coin begins to go down instead of selling and be happy with the profits they got already they get too greedy and keep holding their coins hoping for even more profits to come their way, and while holding forever is a strategy that makes sense when we are talking about bitcoin, it is not a good strategy to employ when we are talking about new altcoins as they have a very short lifespan.

[kamvreto]

~snip~and while holding forever is a strategy that makes sense when we are talking about bitcoin, it is not a good strategy to employ when we are talking about new altcoins as they have a very short lifespan.

If you say holding forever in bitcoin that's also wrong, no one wants to keep holding without taking their profits. Holding of course there will be a limit, determining the target will make you not hold the dive. For altcoins that have a short life it also depends on the development of altcoins, if you say altcoins like Ethereum, BNB certainly can't say short-lived because their project is clear and development is ongoing.

[Crypt0Gore]

There are so many people during bull runs that run out of cash because they like to buy all they could buy to ride the wave, which results with them losing a lot of money when the crash finally starts, it could go up a lot, and I mean A LOT, but eventually it will go down, so having a little bit of your profit cashed out could benefit you.

Same people sell a lot during bear run, whereas you should have cashed out at the bull run to take profit, and during the bear run when its low like this, you should go out shopping. Its low right now, and everything is looking delicious to me, I am running out of money from buying all these amazing coins and tokens, because I know they are at the bottom.

Have cash after you profit a good sum, but do not have any cash during bear run and buy it all.

They are newbies who don't know how crypto market runs, when ever a bull market is alive its not the time to start buying unless you are investing on a new project that just launched and you are one of the few that get into the project very early, also it's wise to take profits as more people gets in..

A bear market is for buying and holding, A bull market is for selling and taking profits, if this doesn't sink into anyone's brains they will be doing everything wrong.

[TheUltraElite]

A bear market is for buying and holding, A bull market is for selling and taking profits, if this doesn't sink into anyone's brains they will be doing everything wrong.

It is only understood correctly by few and only these few people will be able to make money. First time into a speculative market everyone thinks like this and they make the mistake of buying at the top and then selling at the low. The mistake of buying or selling at the wrong time occurs because people dont observe speculative markets long enough to make this decision or how these type of markets work and how to make money from them.

True that everyone does not have the brain to understand this nor the patience to keep up with the market and follow and investment through its ups and down but this short term quick gain attitude is why the current young generation is unable to make money from the markets.